{"id":203,"date":"2023-04-12T13:18:53","date_gmt":"2023-04-12T13:18:53","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?page_id=203"},"modified":"2023-05-19T11:34:19","modified_gmt":"2023-05-19T11:34:19","slug":"home","status":"publish","type":"page","link":"https:\/\/companyformationgeorgia.com\/","title":{"rendered":"Open a Company in Georgia"},"content":{"rendered":"\n

Georgia<\/strong> provides important advantages for starting a business as it is one of the countries with the simplest registration procedures. At the same time, the registration of a Georgian business <\/strong>has very low fees. <\/p>\n\n\n\n

Even if the registration of a company is based on simple principles, it is recommended to request the services of local specialists in company formation<\/strong>, considering that there can be language barriers. Our company – Business Setup Georgia LLC –<\/strong> provides legal services, designed to cover all the aspects concerning the registration of a local business by foreign investors who want to start a company in Georgia.<\/strong><\/p>\n\n\n\n
 Quick Facts<\/th>  <\/th> <\/tr> <\/thead>
  Types of companies<\/td>

Limited Liability Company (LLC, Ltd)<\/p>

Joint Stock Company (JSC)<\/p>

General Partnership (GP)<\/p>

Limited Partnership (LP)<\/p>

Cooperative<\/p> <\/td> <\/tr>

Minimum share capital<\/p>

for LTD Company <\/p> <\/td>

Not required<\/td> <\/tr>

Minimum number of<\/p>

shareholders for Limited Company <\/p> <\/td>

1

 <\/p> <\/td> <\/tr>

Time frame for the incorporation <\/td>

2-3 days<\/p> <\/td> <\/tr>

Corporate tax rate<\/td> 15%

 <\/p> <\/td> <\/tr>

Dividend tax rate <\/td>

 5%<\/p> <\/td> <\/tr>

VAT Rate <\/td> 18%

 <\/p> <\/td> <\/tr>

Are Shelf Companies Available? <\/td> No<\/td> <\/tr>
Do you supply a Registered Address\/Virtual Office?  <\/td>

Registered address – Yes;<\/p>

Virtual office – No<\/p> <\/td> <\/tr>

Local Director Required  <\/td> No<\/td> <\/tr>
Annual Meeting Required <\/td> No<\/td> <\/tr>
Redomiciliation Permitted <\/td> Yes <\/td> <\/tr>
Electronic Signature <\/td> Yes <\/td> <\/tr>
Is Accounting\/Annual Return Required? <\/td> No<\/td> <\/tr>
Foreign-Ownership Allowed <\/td> Yes -100%<\/td> <\/tr>
Any tax incentives (if applicable) <\/td> 5% tax for Virtual Zone Company (which works in IT or IT-related sector) <\/td> <\/tr>
Any Tax Exemptions Available? <\/td>  Free Industrial Zone with 0% tax <\/td> <\/tr> <\/tbody> <\/table>\n\n\n\n

Business Setup Georgia LLC<\/strong> is based in Tbilisi<\/strong>, the country\u2019s capital city, and has an experience of 15 years in the field of company formation. Its specialists are focused on offering high quality services and currently Business Setup Georgia LLC<\/strong> provides a wide range of services. We offer: legal services (in branches of civil law, insurance law, business licenses and permits or intellectual property law) and company formation services (legal advice on choosing a suitable business form, assistance in incorporating any of the company types available under the Georgian legislation<\/strong>) etc. <\/p>\n\n\n\n

Besides these basic services, investors can rely on professional advice for immigration matters (applying for a residence permit or obtaining the Georgian citizenship<\/strong>). We also provide real estate services (legal assistance in drafting specific real estate contracts) and accounting services (preparing the company\u2019s financial statements or implementing the accounting procedures available here). <\/p>\n\n\n\n

Steps for company formation in Georgia <\/strong><\/h2>\n\n\n\n

In order to open a company in Georgia<\/strong>, the following steps have to be followed by both local and foreign investors: <\/p>\n\n\n\n

    \n
  1. select one of the company types that is most suitable for the business activities that will be developed in Georgia<\/strong>;<\/li>\n\n\n\n
  2. select a suitable company name and register with the National Public Registry of Georgia<\/strong>; <\/li>\n\n\n\n
  3. the company\u2019s representatives have to prepare and notarize the statutory documents; <\/li>\n\n\n\n
  4. register with the Entrepreneurial Register<\/strong>, which will issue an identification number and a certificate of state and will handle the tax registration procedure for the new company;<\/li>\n\n\n\n
  5. open a corporate bank account at any local commercial bank. <\/li>\n<\/ol>\n\n\n\n

    We can help you with every procedure if you need to start a company in Georgia.<\/strong><\/p>\n\n\n\n

    What types of legal entities can investors set up in Georgia? <\/strong><\/h2>\n\n\n\n

    There are a few types of entities the foreign investors can establish in Georgia: <\/p>\n\n\n\n