Foreign businessmen can open a company in Georgia in the capital city of the country, Tbilisi. The city is the main driver for the country’s economy, as most of the business activities are carried out here. At the level of 2017, 72.6% of the country’s turnover derived from business operations developed in Tbilisi and it is important to know that in the first quarter of 2017, the turnover of the companies operating in this city increased by 19%, the highest values being registered in the wholesale and retail trade.
Our team of consultants in company formation in Georgia can offer in-depth information on how to register a business in Tbilisi and investors can receive advice on the business permits available for certain types of activities, as well as on the requirements for employment matters.
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Register a business in Tbilisi
The procedure of company formation in Georgia is straightforward and simple, but even so, foreign entrepreneurs are advised to receive professional assistance on specific registration aspects. One of the main concerns when starting a business here refers to the legal entity of the company. In this sense, the Georgian legislation provides the following business forms, available for both local and foreign businessmen:
• joint stock company;
• general partnership;
• limited partnership;
• cooperative;
• individual entrepreneur.
Our team of agents in company registration in Georgia can provide legal assistance on the main rights and obligations deriving from the incorporation of one of the above mentioned business forms, as well as on the registration with the Entrepreneurial Register.
Open a corporate bank account in Georgia
Any company registered in Georgia has to open a corporate bank account registered at a local commercial bank. The procedure will incur specific costs imposed by the bank chosen for this procedure, but all the banking institutions will require specific documents, such as:
• the tax registration certificate;
• the company’s director signature sample;
• the identification documents of the company’s founders.
Other documents can be requested by local banks and our representatives can advise on this matter. Also, investors are invited to contact our team of specialists in company formation in Georgia for more details on how to register a business address in Tbilisi.
There are many reasons to open a company in Georgia. For instance, it is the 2nd highest ranking country in the world when it comes to the easiness of the registration process. Then, it is the 7th country that provides the most suitable regulations for the protection of minority investors.
It is also the 5th when it comes to the procedures to register a property.