{"id":235,"date":"2023-04-13T10:24:12","date_gmt":"2023-04-13T10:24:12","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=235"},"modified":"2024-02-19T09:44:09","modified_gmt":"2024-02-19T09:44:09","slug":"shelf-company-in-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/shelf-company-in-georgia\/","title":{"rendered":"Shelf Company in Georgia"},"content":{"rendered":"\n

Investors who want to own a business in Georgia, <\/strong>but who do not want to open their own company can purchase a shelf company in Georgia<\/strong>. This company is essentially a legal entity that has been incorporated and has all of its documents in order, but has not had any activity. Therefore, the foreign investor buying the shelf company<\/strong> will begin his\/her own business activities in Georgia<\/strong> with this company. Our Georgian company formation agents<\/strong> can make all the necessary arrangements for the purchase of a shelf company<\/strong>. With the help of our experts<\/strong>, you will begin your commercial activities in Georgia<\/strong> as quickly as possible; investors can request in-depth information concerning the documents that need to be signed during the purchase of a shelf company<\/strong>. <\/p>\n\n\n\n\n\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t Quick Facts<\/th>\n\t\t\t\n\t\t\t\t <\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t
\n\t\t\t\t  Legal entities available for shelf company<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– private limited liability company,<\/p>\n\t\t\t\t

\n\t\t\t\t\t-public company<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\t

\n\t\t\t\t\tTime required for purchasing the company<\/p>\n\t\t\t<\/td>\n\t\t\t

\n\t\t\t\t1 – 2 days<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\t

\n\t\t\t\t\tTypes of features it includes (corporate bank account, VAT number, etc)<\/p>\n\t\t\t<\/td>\n\t\t\t

\n\t\t\t\t

\n\t\t\t\t\t– trading name,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– statutory documents,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– tax identification number,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– legal address<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tThe advantages of a shelf company<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– simply to purchase,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– various uses,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– access to private-public partnerships and bids,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– access to loans <\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tAppointing new directors <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tYes<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tCapital increase allowed<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tYes<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tCertificate of no commercial activities<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tNo<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tModify the objects of activity<\/td>\n\t\t\t\n\t\t\t\tYes<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tParticipants in the purchase procedure<\/td>\n\t\t\t\n\t\t\t\tBuyer or representative and seller<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tThe cost of buying a shelf company  <\/td>\n\t\t\t\n\t\t\t\tEUR1,000 – 3,000<\/td>\n\t\t<\/tr>\n
Changes to statutory documents<\/td>\n\n

– name of the new shareholders,<\/p>\n

– new name of the business,<\/p>\n

– name of the new manager,<\/p>\n

– change of the legal address, etc.<\/p>\n<\/td>\n<\/tr>\n

\n

Documents for buying shelf company in Georgia<\/p>\n<\/td>\n

\n

– Articles of Association,<\/p>\n

– sale-purchase agreement,<\/p>\n

– proof of address,<\/p>\n

– transfer of shares,<\/p>\n

– passports or ID, etc.<\/p>\n<\/td>\n<\/tr>\n

\n

Change of name –  required (YES\/NO)<\/p>\n<\/td>\n

\n

 YES<\/p>\n<\/td>\n<\/tr>\n

Aged shelf companies<\/td>\nAged companies have been registered some time ago and have a more extensive history, which can be advantageous in certain situations.<\/td>\n<\/tr>\n
New certificate of registration (YES\/NO)<\/td>\n\n

 YES<\/p>\n<\/td>\n<\/tr>\n

Process of purchasing a shelf company<\/td>\n\n

– choose a service provider,<\/p>\n

– select a shelf company,<\/p>\n

– sign an agreement,<\/p>\n

– make amendments to the company’s statutory documents,<\/p>\n

– notify the relevant government authorities<\/p>\n<\/td>\n<\/tr>\n

Virtual office available (YES\/NO)<\/td>\n\n

YES <\/p>\n<\/td>\n<\/tr>\n

Remote transfer procedure<\/td>\n\n

You can use a power of attorney (POA) to facilitate the purchase of a company remotely.<\/p>\n<\/td>\n<\/tr>\n

VAT rates in Georgia<\/td>\n\n

– 18% (standard),<\/p>\n

– 0% (export)<\/p>\n<\/td>\n<\/tr>\n

 Corporate income rate<\/td>\n 15%<\/td>\n<\/tr>\n
VAT registration<\/td>\n\n

Some shelf companies might require VAT registration. Our specialists in company formation in Georgia can help you with registration.<\/p>\n<\/td>\n<\/tr>\n

Shelf companies with specific licenses<\/td>\n\n

Some companies might need specific permits and licenses depending on their activity (healthcare, hospitality, transport, construction, etc.)<\/p>\n<\/td>\n<\/tr>\n

Shelf company vs. newly opened company<\/td>\n\n

– Buying a shelf company in Georgia is cheaper than creating a new one;<\/p>\n

– The process of purchasing a shelf company is faster and easier;<\/p>\n

– Shelf companies facilitate the incorporation of a foreign business’ history into a Georgian company when relocating.<\/p>\n<\/td>\n<\/tr>\n

Additional services provided by our agents<\/td>\n\n

– tax services,<\/p>\n

– payroll,<\/p>\n

– accounting in Georgia, etc.<\/p>\n<\/td>\n<\/tr>\n

Assistance <\/td>\nOur team can assist you if are interested in opening a business in Georgia through a shelf company.<\/td>\n<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n
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