The accounting firm in Georgia is equally specialized in both international and Georgian Taxation.
TPsolution (Transfer Pricing Solution) is based in Tbilisi and was founded by Gela Barshovi in 2019. The company is among a handful of accounting/consulting firms in Georgia, equally specialized in both Georgian and International Taxation.
A local financial consulting firm in Georgia with a special dedication to foreign clients
TPsolution’s team and its founder have made a special effort to position the company on the Georgian market as a local firm with European qualities and exceptional dedication to foreign clients. This means TPsolution is specialized in all tax issues that are the most relevant to foreign individuals and companies doing or planning to do business in Georgia.
For example, “Virtual Zone Person” (VZP) is a special tax status applicable for IT companies with the purpose of enjoying exemption from corporate income tax in Georgia. Also, “Small Business” (SB) status is applicable to individual entrepreneurs who can enjoy as low a tax rate as 1% if they satisfy specific criteria. Both statuses are frequently used by foreigners working in Georgia.
Over the years, TPsolution has gained deep knowledge in both Georgian and international tax matters with the most emphasis on issues that foreigners are most frequently interested in – for example, VZP or SB; international tax planning is another such example.
Professional financial accounting and tax services offered by TPsolution are available to foreigners in Georgia.
Here is a non-exhaustive list of consulting and accounting services that are frequently used by foreigners in Georgia:
- Business registration;
- Opening a bank account (remotely or in-person); Legal and postal address for a Georgian LLC;
- Registration of a Virtual Zone Person or an International company;
- Registration of “Small Business” (1% tax) and tax analyses;
- Transfer Pricing services in Georgia;
- Tax consultation, due diligence, tax dispute resolution services;
- International tax services in Georgia;
- Obtaining a tax residency certificate in Georgia for High-Net-Worth Individuals (without spending 183 days in the country);
- Obtaining a residence permit.
Starting from business registration, continuing to office rentals and ending with Taxation, as well as bookkeeping and reporting services – TPsolution offers almost all necessary services with a “one-window” principle.
It is simple, come to TPsolution, and you do not need to look separately for an accountant and a tax consultant, a postal address, an office, a person who will help you register your business and open a bank account. All will be done for you by one company within one all-encompassing agreement.
All services are performed by TPsolution LLC with the complete dedication of high quality and professional team.
In addition, the founder of TPsolution is an expert in Georgian and international tax; he is always personally involved in each tax-related service performed by the firm.
Georgian tax adviser, a former tax inspector who obtained work experience and education in Georgia and the European Union
Gela Barshovi (gela.barshovi@tpsolution.ge ) is the founder of TPsolution LLC. He is a Georgian and an international tax consultant, former tax inspector, tax trainer and contributing writer to Forbes Georgia.
He started his career in the tax field as a Georgian tax inspector in 2010. He was a leader of a group of tax inspectors. He also worked as a tax consultant in Austria and Germany.
Gela holds a master’s degree in international tax law from the Vienna University of Economics and Business (WU) and is a former member of OECD/G20 BEPS project Working Party 6, which was in charge of amendment of OECD Transfer Pricing legislation.
Gela is among very few Georgian tax advisers who have gained work experience and education in Georgia and the European Union.
“My goal was to establish and build a multilingual accounting and consulting company in Georgia, which would have European standards and high ethics to serve as a niche on the market. The aim was to be equally qualified in both international and local aspects of Georgian tax law to help foreign investors safely do business in Georgia.
I obtained a European education and experience to use them to build a Georgian company with European standards, and I think I am on the correct path already with apparent success,” he says.
Local Georgian accounting firm with an international network
In addition, TPsolution partners with accounting firms in multiple countries worldwide without being a member of a global alliance. This makes it possible for the company to provide professional services on a worldwide scale (e.g., international tax planning) at relatively low rates.
An international network, dedication to foreign clients, and specialization in international and Georgian Taxation make TPsolution a unique local accounting and consulting firm.
Multiple helpful articles on Georgian tax law published in Forbes Georgia by founder Gela Barshovi
Besides providing high-quality professional services and helping foreigners better understand the Georgian tax system, Gela – in cooperation with Forbes Georgia – regularly publishes articles with detailed information on different tax matters.
You can find the articles HERE.
More information about TPsolution LLC is available on their website: www.tpsolution.ge. Also, you can approach them directly at info@tpsolution.ge or fill in the contact form here: https://tpsolution.ge/contact/
