Individual Entrepreneur in Georgia — Coaching & Mentoring Formation Guide
Choose a jurisdiction with strong privacy laws and easy access to global payment gateways like Stripe or PayPal. Since your business relies on personal branding, consider a US LLC or UK LTD to project international authority.
Last verified: June 13, 2026
Corporate Tax
1.0%
State Tax
0.0%
Formation Cost
$10
Annual Fee
$0
Forming a Individual Entrepreneur in Georgia as a Coaching & Mentoring means a total tax burden of 1.0% and an official formation cost of $10. There is no minimum capital requirement. Standard formation takes 2-3 business days, or 1 business day expedited. No local director is required; the process can be managed remotely. This guide covers the steps, tax breakdown, banking options, and compliance requirements — all from verified data.
First-year total cost
≈ $845
Ongoing (per year)
≈ $510
Why Individual Entrepreneur for Coaching & Mentoring?
A business model focused on providing expert guidance, personal development, and strategic advice to individuals or organizations. Coaches and mentors typically operate online, requiring minimal physical infrastructure but high credibility and seamless international payment processing.
Ideal for
- Executive coaches
- Life and wellness coaches
- Business mentors
- Career advisors
Challenges to watch
- Managing cross-border VAT/sales tax for digital services
- Handling international client payments and currency conversion
- Protecting intellectual property and coaching frameworks
- Establishing trust and credibility in a crowded market
Key decision criteria
- Access to global payment processors (Stripe, PayPal)
- Professional liability insurance requirements
- Data protection regulations (GDPR) for client records
- Tax treaties to avoid double taxation on foreign income
Individual Entrepreneur formation requirements
Minimum capital
None
Standard timeline
2-3 business days
Expedited timeline
1 business day
Local director
Not required
Registered office
Virtual office allowed
Notarization
Required
100% foreign ownership is allowed. No local partner or resident director is needed.
Estimated breakdown (based on avg. $65,000 revenue)
Simulate with your own revenue →
VAT / Sales Tax
Standard rate 18%. Registration threshold: 100,000 GEL. Non-resident companies providing B2C digital services in Georgia must register and charge 18% VAT. B2B transactions fall under the reverse charge mechanism.
Banking & payments for Coaching & Mentoring
Opening a bank account in person is straightforward and usually takes 1-3 days. Remote opening is possible via a notarized and apostilled Power of Attorney, though banks have increased KYC scrutiny for non-residents. Multi-currency accounts (GEL, USD, EUR, GBP) are issued by default.
Supported payment gateways
Remote-friendly accounts
Bank of Georgia
One of the largest banks in Georgia. Offers excellent digital banking, multi-currency accounts, and premium 'SOLO' banking. Remote opening is possible via Power of Attorney.
TBC Bank
A major traditional bank with strong business tools and a premium 'Concept' tier. Supports remote account opening via Power of Attorney.
Payoneer
A global fintech widely used by Georgian IT contractors and freelancers to receive USD/EUR payments from international clients.
Georgia incentives & advantages
Small Business Status (SBS)
1% tax rate on gross revenue instead of the standard 20% personal income tax.
0% VAT on Exported IT Services
No VAT is charged on invoices to foreign clients, increasing international competitiveness.
Individual Entrepreneur formation steps
Draft and notarize a Power of Attorney (PoA) and passport copy, then apostille or legalize them in your home country.
Send the physical apostilled documents via international courier to your representative in Georgia.
Secure a registered legal address in Georgia (usually provided by a local agency) and obtain the property owner's consent.
Your representative translates the documents into Georgian and notarizes the translation locally.
File the Individual Entrepreneur registration application at the Public Service Hall (House of Justice).
Once registered (usually 1-2 days), apply for the Small Business Status at the Revenue Service to activate the 1% tax rate.
Open a multi-currency corporate bank account (GEL, USD, EUR) at a local bank like Bank of Georgia or TBC.
Coaching & Mentoring FAQ
Do I need a company to start coaching?
While you can start as a sole proprietor, forming an LLC or LTD protects your personal assets from liability and makes it easier to open business bank accounts and access global payment gateways.
Which country is best for an online coaching business?
The US (e.g., Wyoming or Delaware LLC) and the UK are highly popular due to low setup costs, global recognition, and seamless integration with major payment processors.
How does VAT apply to my coaching services?
If you provide live 1-on-1 coaching, it is often taxed where the service is performed or where the client is located, depending on local laws. Pre-recorded courses may be subject to digital services VAT rules.
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Related guides
Complete Individual Entrepreneur guide
Taxes, requirements, banking, compliance
Individual Entrepreneur cost calculator
One-time and annual cost breakdown
🇧🇬 Coaching & Mentoring — Single-Member Limited Liability Company (EOOD)
Tax 10.0% · formation $30
🇨🇾 Coaching & Mentoring — Variable Capital Investment Company (VCIC)
Tax 15.0% · formation $180
🇨🇾 Coaching & Mentoring — Company Limited by Guarantee
Tax 15.0% · formation $265
🇨🇾 Coaching & Mentoring — Sole Proprietorship
Tax 0.0% · formation $100
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