{"id":244,"date":"2023-04-13T11:04:25","date_gmt":"2023-04-13T11:04:25","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=244"},"modified":"2023-04-13T11:04:29","modified_gmt":"2023-04-13T11:04:29","slug":"open-a-foundation-in-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/open-a-foundation-in-georgia\/","title":{"rendered":"Open a Foundation in Georgia"},"content":{"rendered":"\n<p>A\u00a0<strong>foundation in Georgia<\/strong>\u00a0is a non-governmental and non-profit corporation that engages in various activities meant to give back to the community or help individuals in various ways. The Republic of Georgia is an increasingly attractive business destination, not only because of its geographical position, but also because of the transformations it has gone through over the last years to encourage\u00a0<a href=\"https:\/\/www.companyformationgeorgia.com\/why-is-georgia-an-attractive-destination-for-investors\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>foreign investments<\/strong><\/a>.<\/p>\n\n\n\n<p>A&nbsp;<strong>foundation in Georgia<\/strong>&nbsp;is typically set up like any other&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/companies-types-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>type of Georgian company<\/strong><\/a>&nbsp;and the investor need to comply with the corporate requirements in the country. &nbsp;If you are interested in&nbsp;<strong>starting a non-profit organization in Georgia<\/strong>, our&nbsp;<strong>local company formation experts<\/strong>&nbsp;can help you with the incorporation process.<\/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\/open-a-foundation-in-georgia\/#basic-facts-about-foundations\" title=\"Basic facts about foundations\">Basic facts about foundations<\/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\/open-a-foundation-in-georgia\/#companies-in-georgia\" title=\"Companies in Georgia\">Companies in Georgia<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"basic-facts-about-foundations\"><\/span>Basic facts about foundations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A&nbsp;<strong>foundation<\/strong>&nbsp;is a corporation that does not produce profit and doesn&#8217;t engages in business activities. It is set up solely for charitable, educational, religious, scientific or literary purposes. Running a foundation will be similar to running any other business, so the individual will need to possess good management skills and have a good knowledge of the laws and regulations for corporations in Georgia.<\/p>\n\n\n\n<p>Our&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company formation agents in Georgia<\/strong><\/a>&nbsp;can help you decide which type of organization is best suitable for your purposes. Depending on the goals and objectives of the foundation, you will need to decide upon a selection criteria for selecting funding recipients. You will also need to draw up documents like bylaws.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"companies-in-georgia\"><\/span>Companies in Georgia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A corporation in Georgia, that can be a regular business or a non-profit one, is incorporated as per the&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-act-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company laws<\/strong><\/a>&nbsp;in this country. The individual who opens a&nbsp;<strong>foundation in Georgia<\/strong>&nbsp;will need to incorporate a company and register it with the relevant Georgian authorities. Foundations can benefit from different taxation advantages because of the nature of their work and you can also look into various legal<strong>&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/tax-minimization-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">tax minimization methods<\/a><\/strong>.<\/p>\n\n\n\n<p>Georgia is an attractive destination for business. If you are interested in knowing more about investing in this country or engaging in other business ventures, like&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-restaurant-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>restaurants<\/strong><\/a>&nbsp;or travel agencies, you can&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>contact our company formation agents in Georgia<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A\u00a0foundation in Georgia\u00a0is a non-governmental and non-profit corporation that engages in various activities meant to give back to the community or help individuals in various ways. The Republic of Georgia is an increasingly attractive business destination, not only because of its geographical position, but also because of the transformations it has gone through over the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":129,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[68,66,67],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open a Foundation in Georgia<\/title>\n<meta name=\"description\" content=\"If you want to open a foundation in Georgia this article gives you basic details about this non-profit organization and the incorporation process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/companyformationgeorgia.com\/open-a-foundation-in-georgia\/\" 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