{"id":215,"date":"2023-04-12T14:23:59","date_gmt":"2023-04-12T14:23:59","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=215"},"modified":"2023-04-12T14:24:02","modified_gmt":"2023-04-12T14:24:02","slug":"companies-types-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/","title":{"rendered":"Types of Companies in Georgia"},"content":{"rendered":"\n<p>There are many forms a business can take in\u00a0<strong>Georgia<\/strong>, but the most popular one isthelimited liability company. Along with this, an investor may choose to open a joint stock company or can create a partnership (general or limited).\u00a0Regardless of the<strong>\u00a0company type\u00a0<\/strong>selected by the investors,\u00a0<strong>our team of consultants in company registration in Georgia<\/strong>\u00a0can provide legal assistance on the\u00a0<strong>incorporation of any of the Georgian legal entities<\/strong>\u00a0and can put you in touch with our<strong>\u00a0<a href=\"https:\/\/immigration-georgia.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">immigration lawyer<\/a><\/strong>\u00a0if you are interested in moving to this country.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#what-are-the-main-legal-entities-available-in-georgia\" title=\"What are the main legal entities available in Georgia?&nbsp;\">What are the main legal entities available in Georgia?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#incorporation-of-a-limited-liability-company-in-georgia\" title=\"Incorporation of a limited liability company in Georgia\">Incorporation of a limited liability company in Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#formation-of-a-joint-stock-company-in-georgia\" title=\"Formation of a joint stock company in Georgia&nbsp;\">Formation of a joint stock company in Georgia&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#types-of-partnerships-in-georgia\" title=\"Types of partnerships in Georgia\">Types of partnerships in Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#register-a-branch-office-in-georgia\" title=\"Register a branch office in Georgia&nbsp;\">Register a branch office in Georgia&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#what-should-an-investor-know-on-the-registration-process-in-georgia\" title=\"What should an investor know on the registration process in Georgia?&nbsp;\">What should an investor know on the registration process in Georgia?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#why-start-a-business-in-tbilisi-georgia\" title=\"Why start a business in Tbilisi, Georgia?&nbsp;\">Why start a business in Tbilisi, Georgia?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/companyformationgeorgia.com\/companies-types-georgia\/#what-are-the-benefits-of-company-formation-in-georgia\" title=\"What are the benefits of company formation in Georgia?&nbsp;\">What are the benefits of company formation in Georgia?&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-main-legal-entities-available-in-georgia\"><\/span><strong>What are the main legal entities available in Georgia?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The commercial legislation prescribes a wide range of business forms that can be found in countries across the world. The main legal act which prescribes the types of&nbsp;<strong>Georgian business forms&nbsp;<\/strong>is the&nbsp;<strong>Law of Georgia on Entrepreneurs<\/strong>; this act stipulates the fact that foreign businessmen have the same rights ofestablishing a business form as the local investors. The<strong>&nbsp;main types of companies&nbsp;<\/strong>that can be set up here and which can be presented on an extensive basis by&nbsp;<strong>our team of specialists in company registration in Georgia<\/strong>&nbsp;are the following:&nbsp;<\/p>\n\n\n\n<ul>\n<li>\u2022 the joint stock company \u2013 incorporated by&nbsp;<strong>large companies operating in Georgia<\/strong>;<\/li>\n\n\n\n<li>\u2022 the limited liability company \u2013 the most suitable business form available for small and medium-sized companies;<\/li>\n\n\n\n<li>\u2022 the general partnership \u2013 it is formed by at least two partners, one who has limited liability and the other one who has full liability for the company\u2019s debts;<\/li>\n\n\n\n<li>\u2022 the limited partnership \u2013 all the partners bear the same level of responsibility towards the company\u2019s debts;<\/li>\n\n\n\n<li>\u2022 the cooperative \u2013 it is set up with the purpose of increasing the members\u2019 profits and to represent their business interests;<\/li>\n\n\n\n<li>\u2022 the individual enterprise \u2013 addressed only to natural persons who want to develop an individual business.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Beside these business forms, the<strong>&nbsp;legislation in Georgia<\/strong>&nbsp;also prescribes the possibility of&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/establish-a-branch-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>opening a branch office<\/strong><\/a>&nbsp;or a subsidiary. The branch office does not represent a separatelegal entity, as it is considered a sub-division of the parent company; in the case of a subsidiary, it must be incorporated under one of thebusiness entitiesavailable here (generally, it is set up as a limited liability company).&nbsp;<\/p>\n\n\n\n<p>A<strong>&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/holding-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">business in Georgia<\/a><\/strong>&nbsp;may also be set up through a joint venture. The joint venture is generally designed for infrastructure projects or other similar, large investments and it is formed through the association of at least two entities, with the purpose of accomplishing a specific business task. Once the company accomplished its business objective, the joint venture will be closed down.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"incorporation-of-a-limited-liability-company-in-georgia\"><\/span><strong>Incorporation of a limited liability company in Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-limited-liability-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">Georgian limited liability company<\/a>&nbsp;<\/strong>can be incorporated with minimum one shareholder and a maximum of 50.&nbsp;The capital is divided into shares and each shareholder has the rights limited by the value of his\/her shares. The members are not personally liable for the company\u2019s debts&nbsp;and this is why this&nbsp;<strong>company type<\/strong>&nbsp;represents one of the most common ways to start a business here.<\/p>\n\n\n\n<p>The number of directors is not limited; a company of this type can be managed by several directors. All daily decisions are taken by the director or by a board of directors and the major decisions are taken by the general meeting of the shareholders. If a director is causing damages to the shareholders, than he\/she is personally liable for the losses.<\/p>\n\n\n\n<p>No&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/the-minimum-share-capital-for-opening-a-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>minimum share capital<\/strong><\/a>&nbsp;is required for this&nbsp;<strong>type of company<\/strong>; however, an authorized capital is necessary before starting the business. The members are free to choose an amount for the capital.&nbsp;The procedure for&nbsp;<strong>company registration in Georgia<\/strong>&nbsp;for this company type can be completed in a period of two days.&nbsp;<\/p>\n\n\n\n<p>We can also help you&nbsp;<a href=\"https:\/\/companyformationcostarica.com\/\">start a business in Costa Rica<\/a>&nbsp;with the help of our local partners.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"formation-of-a-joint-stock-company-in-georgia\"><\/span><strong>Formation of a joint stock company in Georgia&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investors who want to&nbsp;<strong>open a company in Georgia<\/strong>&nbsp;as a joint stock company must know that they can have the possibility of registering the company\u2019s shares with the&nbsp;<strong>Georgian Stock Exchange<\/strong>.&nbsp;It can be registered by one founder and the shareholders are not personally liable for the company\u2019s debts.<\/p>\n\n\n\n<p>It is not necessary to subscribe a minimum share capital, as there aren\u2019t any requirements in this sense, but the company needs an authorized capital, which can be established by the company\u2019s shareholders.&nbsp;It is not necessary to pay the contribution at the time of registration. Also the contributions in kind are possible. If the number of shareholders exceeds 50 members, they have to be registered by an independent register, if not, the evidence is kept by the company itself.<\/p>\n\n\n\n<p>All the major decisions are taken by the general meeting of the shareholders, but every daily decisions are taken by a director or a board of directors. A supervisory board is appointed if the shares are registered on the stock market, if the number of shareholders exceeds 100 members or if it is licensed by the&nbsp;<a href=\"https:\/\/www.fms.gov.ge\/eng\/home\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Financial Monitoring Agency<\/strong><\/a>. The minimum number of members of the supervisory board is four and the maximum number is 21.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"types-of-partnerships-in-georgia\"><\/span><strong>Types of partnerships in Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A general partnership is based on an agreement between two or more partners, performing business under the same name, personally liable for the debts and incomes of the partnership. All the partners may take management decisions;&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-formation-services-in-batumi\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>our team of specialists in company formation in Georgia<\/strong><\/a>&nbsp;can provide more information on the&nbsp;<strong>Georgian partnerships<\/strong>.&nbsp;<\/p>\n\n\n\n<p>A limited partnership is formed by two or more persons with different roles in a company: there is a general partner (who&nbsp;has unlimited liability) and there is the silent partner (his or her liability is limited in the extend of his contribution). The management decisions can be taken only by the general partners.&nbsp;Please note that a partnership can also be liable for&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/vat-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>VAT registration in Georgia<\/strong><\/a>.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"register-a-branch-office-in-georgia\"><\/span><strong>Register a branch office in Georgia&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign and local businesses can expand on the<strong>&nbsp;Georgian market&nbsp;<\/strong>through a branch office. As mentioned earlier in this article, the branch office is not a separate legal entity and it simply represents a sub-unit of the parent company operating int his country or in a foreign jurisdiction.&nbsp;&nbsp;<\/p>\n\n\n\n<p>This business model can be used by companies interested in holding the control of their other business locations, as the branch office is not entitled to take its own management decisions, nor can it develop other business activities than the ones of the parent company.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Investors who are interested in setting up a branch office should also be aware that any debts the branch may have in&nbsp;<strong>Georgia<\/strong>&nbsp;will need to be paid by the parent company, as the parent company holds full liability and this can be seen as a disadvantage. For a complete presentation on the benefits and the disadvantages of the branch office,&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>our team of consultants in company registration in Georgia<\/strong><\/a>&nbsp;remain at your disposal and can also help you incorporate this&nbsp;<strong>company type<\/strong>&nbsp;here.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The registration of the branch office does not necessarily require the<strong>&nbsp;presence of the company\u2019s founders in Georgia&nbsp;<\/strong>throughout the incorporation formalities. Through the power of attorney, the investors can be represented by&nbsp;<strong>specialists in company formation in Georgia<\/strong>, who can complete the entire procedure.&nbsp;&nbsp;<\/p>\n\n\n\n<p>When&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/frequently-asked-questions\" target=\"_blank\" rel=\"noreferrer noopener\">opening a company in Georgia<\/a>&nbsp;<\/strong>as a branch office, the investors should prepare the following documents: personal identity documents, the registration certificate of the parent company issued in the country where the company was incorporated, the decision to establish a branch in this country, signed by the authorized person representing the parent company and other specific documents.&nbsp;<\/p>\n\n\n\n<p>Even though the branch office is not a separate legal entity, the commercial legislation requires this entity to have a separate corporate&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/opening-a-bank-account-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>bank account<\/strong><\/a>, which can be set up in the&nbsp;<strong>Georgian currency<\/strong>&nbsp;or in a foreign currency. Here, the local banks will require additional documents compared to the ones necessary for those registering a limited liability company or a joint stock company.&nbsp;&nbsp;<\/p>\n\n\n\n<p>We invite you to watch a short video about the&nbsp;<strong>types of companies<\/strong>&nbsp;you can&nbsp;<strong>open in Georgia<\/strong>:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.companyformationgeorgia.com\/system\/cms\/themes\/admin_theme\/js\/ckeditor\/images\/spacer.gif?t=B5GJ5GG\" alt=\"IFrame\" title=\"IFrame\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-should-an-investor-know-on-the-registration-process-in-georgia\"><\/span><strong>What should an investor know on the registration process in Georgia?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The procedure for&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-register-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>opening a company in Georgia<\/strong><\/a>&nbsp;is not too complex and it follows the same steps that can be found in other jurisdictions, such as&nbsp;<a href=\"https:\/\/www.companyformationfinland.com\/\">Finland<\/a>. For this purpose, the investors should prepare a set of documents that have to be verified by the local authorities. Some of the main aspects involved in the&nbsp;<strong>registration of a company in Georgia&nbsp;<\/strong>are the following:&nbsp;<\/p>\n\n\n\n<ul>\n<li>\u2022 notarizing various company documents following the&nbsp;<strong>Hague Convention<\/strong>&nbsp;(<strong>Georgia&nbsp;<\/strong>is a member state and documents can be authenticated through this option);<\/li>\n\n\n\n<li>\u2022 obtaining specific business licenses and permits, depending on the company\u2019s object of activity;<\/li>\n\n\n\n<li>\u2022 submitting the company documents with the&nbsp;<strong>Public Registry of Georgia<\/strong>;<\/li>\n\n\n\n<li>\u2022 foreign investors must also verify the conditions for obtaining a business visa or for residence permits;<\/li>\n\n\n\n<li>\u2022 verify the necessary capital requirements, which can vary depending on the selected company type;<\/li>\n\n\n\n<li>\u2022 provide the power of attorney to&nbsp;<strong>our team of consultants in company formation in Georgia<\/strong>, who can represent investors in a set of registration procedures.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Besides the steps mentioned above, investors have to complete additional company formation procedures that are compulsory when&nbsp;<strong>opening a company in Georgia<\/strong>. One of the main steps that must be completed during this procedure is to draft and sign the company\u2019s statutory documents (the articles of association and memorandum in the case of corporate entities).&nbsp;<\/p>\n\n\n\n<p>All legal entities need to have a corporate bank account that is set up at any commercial bank the investors prefer. When starting this procedure, the bank representatives will require various company documents and personal identity documents. Once the documents are approved, the bank will open a corporate bank account, in which the investors will deposit the minimum share capital, where required.&nbsp;<\/p>\n\n\n\n<p>After the company is registered with the&nbsp;<strong>Public Registry of Georgia<\/strong>, investors must also take the necessary steps for the registration with the local tax authorities \u2013 companies need a tax identification code and they must also be registered for value added tax (VAT).&nbsp; In order to be able to register a company here, the company\u2019s founders should also have a&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/virtual-office-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>registered business address<\/strong><\/a>&nbsp;that will be used as the headquarters of the company and which must be a physical place for doing business, where the company can receive official documents.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"why-start-a-business-in-tbilisi-georgia\"><\/span><strong>Why start a business in Tbilisi, Georgia?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investors can&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/set-up-a-subsidiary-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Georgia<\/strong><\/a>&nbsp;in numerous economic sectors. The country is open to foreign investments and it has modified its investment policies in order to attract foreign businesses on the local market. The country relies on several economic activities, such as the heavy industry, pharmaceutics, fashion, food and beverages and others. Besides these,&nbsp;<strong>Georgia<\/strong>&nbsp;is an attractive investment destination due to the following:&nbsp;<\/p>\n\n\n\n<ul>\n<li>\u2022 in 2018, it ranked as the 1st economy in Europe and Central Asia for doing business;<\/li>\n\n\n\n<li>\u2022 regarding the same index,&nbsp;<strong>Georgia<\/strong>&nbsp;stood as the 9th economy at a global level;<\/li>\n\n\n\n<li>\u2022 it is also the 9th European economy on the economic freedom index (and at a global level, the 16th);<\/li>\n\n\n\n<li>\u2022 it also has some of the cheapest cities (3rd place at the level of Central Asia and the 11th at a global level);<\/li>\n\n\n\n<li>\u2022 in 2016,&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-formation-services-in-tbilisi\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Tbilisi<\/strong><\/a>, the country\u2019s capital city, had a workforce of more than 400,000 persons;<\/li>\n\n\n\n<li>\u2022 &nbsp;the average salary paid by a<strong>&nbsp;company in Georgia<\/strong>&nbsp;to a local employee is of $450;<\/li>\n\n\n\n<li>\u2022 in 2016, the city had more than 1 million visitors and out of these, more than 800,000 were represented by foreigners;<\/li>\n\n\n\n<li>\u2022 from all the&nbsp;<strong>foreign visitors in Tbilisi<\/strong>, more than 270,000 visits were concluded for business purposes.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-benefits-of-company-formation-in-georgia\"><\/span><strong>What are the benefits of company formation in Georgia?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Georgia<\/strong>&nbsp;has improved its international relations with numerous countries by signing various bilateral treaties and this has had a positive impact on the country\u2019s economy and on the number of foreign businessmen interested in investing here. When&nbsp;<strong>opening a company in Georgia<\/strong>, businessmen will benefit from the following:<\/p>\n\n\n\n<ul>\n<li>\u2022 the right of purchasing a property through the company set up here (there is a tax of 1% paid from the value of the property at the moment of the purchase);<\/li>\n\n\n\n<li>\u2022 various&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/tax-minimization-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>tax advantages<\/strong><\/a>&nbsp;and other benefits deriving from the&nbsp;<strong>General Free Trade Agreements&nbsp;<\/strong>signed by the country\u2019s representatives with other countries;<\/li>\n\n\n\n<li>\u2022 low taxes \u2013 the corporate income tax is charged at a rate of 15% on the company\u2019s yearly profits and at a rate of 0% for the reinvested profits;<\/li>\n\n\n\n<li>\u2022 foreigners have the right of opening a personal bank account that provides e-banking solutions as well;<\/li>\n\n\n\n<li>\u2022 foreign companies can repatriate 100% of their profits and company capital.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>If you need assistance in choosing the<strong>&nbsp;type of company<\/strong>&nbsp;you will open, you may&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">contact<\/a>&nbsp;our agents in<\/strong>&nbsp;<strong>company formation in Georgia<\/strong>.&nbsp;<strong>Our representatives&nbsp;<\/strong>can assist businessmen with advice on how to<strong>&nbsp;open a company in Georgia<\/strong>&nbsp;and can guide foreign businessmen in<strong>&nbsp;choosing a suitable company type<\/strong>, based on their available capital and investment plans. If you want to open a company in another country or even move there, we can put you in touch with our local partners who are&nbsp;<strong><a href=\"https:\/\/czech-immigration.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">immigration lawyers<\/a><\/strong>.<\/p>\n\n\n\n<p>Please know that regardless of the&nbsp;<strong>company type&nbsp;<\/strong>that is of your interest,&nbsp;<strong>our consultants<\/strong>&nbsp;can help you throughout the whole registration process. Thus, when you will&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>start a company in Georgia<\/strong><\/a>, you can address to our team for any assistance regarding post-incorporation procedures.&nbsp;<\/p>\n\n\n\n<p>For instance, you can rely on us if you want to learn more on the procedures to hire employees.&nbsp;<\/p>\n\n\n\n<p>When you will&nbsp;<strong>start a business in Georgia&nbsp;<\/strong>you might also want to hire foreign workforce. If this is the case,&nbsp;<strong>our specialists<\/strong>&nbsp;can provide legal assistance on the procedures that you must conclude in order to lawfully bring in the country foreign workers.&nbsp;<\/p>\n\n\n\n<p>For this, visa formalities will most likely be necessary, while the employees must comply with certain minimum requirements.&nbsp;<\/p>\n\n\n\n<p>After you will register your business, you will also need the&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/accounting-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>services of accountants in Georgia<\/strong><\/a>. It is mandatory to hire an accountant to handle all the bookkeeping and accounting formalities.&nbsp;<\/p>\n\n\n\n<p>The accountant also has reporting obligations, and other responsibilities set out by the&nbsp;<strong>Law of Georgia on Accounting, Reporting and Audit<\/strong>. The law regulates the obligations of both local and foreign businesses.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are many forms a business can take in\u00a0Georgia, but the most popular one isthelimited liability company. Along with this, an investor may choose to open a joint stock company or can create a partnership (general or limited).\u00a0Regardless of the\u00a0company type\u00a0selected by the investors,\u00a0our team of consultants in company registration in Georgia\u00a0can provide legal assistance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9,10,21,11,20],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Types of Companies in Georgia<\/title>\n<meta name=\"description\" content=\"Our team of specialists in company registration in Georgia can provide legal representation in opening any of the Georgian company types.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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