Obtaining Tax Residency Status in Georgia (High Net Worth Basis) for a Turkish Citizen

The REVERA Private Clients team successfully assisted a Turkish citizen in obtaining tax residency status in Georgia on the basis of high net worth.

The client, who did not spend more than 183 days in Turkey or any other single country per year and frequently traveled, needed to confirm tax residency to address banking matters and to avoid being recognized as a tax resident in other jurisdictions.

The client already held a Georgian residence permit, owned real estate (both abroad and in Georgia), and maintained funds in a Georgian bank account, which made him fully eligible for obtaining Georgian tax residency status.

Our team analyzed the client’s initial circumstances, prepared recommendations on structuring the required documentation, collected all necessary documents, negotiated with the tax authorities, and assisted the client in obtaining a Georgian tax residency certificate. This allowed him to mitigate the risks of double taxation and resolve issues with financial institutions.