{"id":304,"date":"2023-04-18T10:13:24","date_gmt":"2023-04-18T10:13:24","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=304"},"modified":"2023-04-18T10:13:27","modified_gmt":"2023-04-18T10:13:27","slug":"business-start-up-costs-in-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/business-start-up-costs-in-georgia\/","title":{"rendered":"Business Start-up Costs in Georgia"},"content":{"rendered":"\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\/business-start-up-costs-in-georgia\/#what-are-the-main-procedures-that-involve-costs-for-opening-a-georgian-company\" title=\"What are the main procedures that involve costs for opening a Georgian company?\u00a0\u00a0\">What are the main procedures that involve costs for opening a Georgian company?\u00a0\u00a0<\/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\/business-start-up-costs-in-georgia\/#which-are-the-main-registration-costs-in-georgia\" title=\"Which are the main registration costs in Georgia?&nbsp;&nbsp;\">Which are the main registration costs in Georgia?&nbsp;&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-main-procedures-that-involve-costs-for-opening-a-georgian-company\"><\/span><strong>What are the main procedures that involve costs for opening a Georgian company?\u00a0\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign investors who want to&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-register-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Georgia<\/strong><\/a>&nbsp;will need to&nbsp;<strong>pay specific incorporation costs and fees<\/strong>, imposed by the local authorities that will issue various certificates and licenses. The investors will also need to&nbsp;<strong>open a corporate bank account&nbsp;<\/strong>and the procedure will be<strong>&nbsp;imposed with a fee<\/strong>&nbsp;established by the&nbsp;<strong>bank<\/strong>&nbsp;with which the businessmen will choose to collaborate. Also, certain company documents will have to be&nbsp;<strong>notarized<\/strong>&nbsp;and the<strong>&nbsp;public notary in Georgi<\/strong>a will request the<strong>&nbsp;payment of a fee<\/strong>. Certain procedures are&nbsp;<strong>not imposed with a fee&nbsp;<\/strong>and&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>our team of specialists in company formation in Georgia<\/strong><\/a>&nbsp;can provide in-depth assistance on this subject.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"which-are-the-main-registration-costs-in-georgia\"><\/span><strong>Which are the main registration costs in Georgia?&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When starting the procedure of&nbsp;<strong>company formation in Georgia<\/strong>, the investors will need to&nbsp;<strong>calculate the costs<\/strong>&nbsp;associated in this case, besides the&nbsp;<strong>overall value of&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/legislation-related-to-foreign-investments\" target=\"_blank\" rel=\"noreferrer noopener\">investment<\/a><\/strong>, such as the&nbsp;<strong>company\u2019s capital<\/strong>,<strong>&nbsp;renting a business office<\/strong>&nbsp;and other<strong>&nbsp;maintenance costs<\/strong>. As a general rule, all&nbsp;<strong>companies in Georgia<\/strong>, regardless of their legal entity, will need to<strong>&nbsp;pay<\/strong>&nbsp;the following:&nbsp;<\/p>\n\n\n\n<ul>\n<li>\u2022 <strong>registration fee&nbsp;<\/strong>\u2013 the&nbsp;<strong>cost&nbsp;<\/strong>of the<strong>&nbsp;registration fee<\/strong>&nbsp;is established at&nbsp;<strong>GEL 100<\/strong>;<\/li>\n\n\n\n<li>\u2022&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/opening-a-bank-account-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">opening a corporate bank account<\/a>&nbsp;<\/strong>\u2013 the<strong>&nbsp;value of the fee&nbsp;<\/strong>ranges between<strong>&nbsp;GEL 10 and GEL 100<\/strong>, depending on the<strong>&nbsp;bank<\/strong>&nbsp;where the<strong>&nbsp;account&nbsp;<\/strong>is set up;<\/li>\n\n\n\n<li>\u2022 <strong>register<\/strong>&nbsp;with the<strong>&nbsp;Entrepreneurial Register<\/strong>&nbsp;\u2013 the procedure<strong>&nbsp;does not impose any fee<\/strong>;<\/li>\n\n\n\n<li>\u2022 <strong>obtain an identification number<\/strong>&nbsp;for the&nbsp;<strong>company&nbsp;<\/strong>\u2013 this procedure does not require the&nbsp;<strong>payment of any fee<\/strong>.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>It is important to know that the&nbsp;<strong>registration procedure<\/strong>&nbsp;in this country can be completed in a fast manner and that it incurs<strong>&nbsp;small costs<\/strong>;&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;can provide in-depth assistance on this matter and can offer tailored advice, depending on the&nbsp;<strong>business form<\/strong>&nbsp;chosen for<strong>&nbsp;incorporation<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Businessmen are invited to&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">address to our team of representatives in company formation in Georgia<\/a>&nbsp;<\/strong>for in-depth advice on the&nbsp;<strong>notary fees&nbsp;<\/strong>imposed when&nbsp;<strong>notarizing the company\u2019s statutory documents<\/strong>, such as the&nbsp;<strong>memorandum and the articles of association<\/strong>.<strong>&nbsp;Our agents<\/strong>&nbsp;can offer more details on&nbsp;<strong>other costs&nbsp;<\/strong>that can be taken into consideration when<strong>&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-limited-liability-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">starting a business<\/a><\/strong>&nbsp;here.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Compared to other countries in its region and in Eastern Europe,<strong>&nbsp;Georgia&nbsp;<\/strong>has some of the&nbsp;<strong>lowest business start-up costs&nbsp;<\/strong>and many other benefits investors can obtain.&nbsp;<\/p>\n\n\n\n<p>Therefore, this is why many investors arrive here to<strong>&nbsp;set up a company in Georgia<\/strong>. The costs are similar at a national level, but one can expect lower prices for cities and regions outside&nbsp;<strong>Tblisi<\/strong>, which is also not a costly destination.&nbsp;<\/p>\n\n\n\n<p>As presented above, the registration fee is charged at a very low price, and after the investors will&nbsp;<strong>set up a business in Georgia<\/strong>, they can expect to pay corporate taxes which are charged at low values as well.&nbsp;<\/p>\n\n\n\n<p>The corporate income tax is charged at a rate of 15% for most of the business activities, but a rate of 20% is charged starting with 2023 to companies operating in the financial services industry.&nbsp;<\/p>\n\n\n\n<p>If you want to know more about the tax system currently applied here, we can refer you to&nbsp;<strong>our accountants in Georgia<\/strong>, who can present any tax regulation that can apply to a certain industry.<\/p>\n\n\n\n<p>Our team can also assist you in the process of maintaining your books of accountants, and submit tax reports as per the applicable law (rules can vary based on the company type and size).&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are the main procedures that involve costs for opening a Georgian company?\u00a0\u00a0 Foreign investors who want to&nbsp;open a company in Georgia&nbsp;will need to&nbsp;pay specific incorporation costs and fees, imposed by the local authorities that will issue various certificates and licenses. The investors will also need to&nbsp;open a corporate bank account&nbsp;and the procedure will be&nbsp;imposed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[143,144,11],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Start-up Costs in Georgia<\/title>\n<meta name=\"description\" content=\"Our team of consultants in company registration in Georgia can advise foreign investors on the main costs associated with opening a local business.\" \/>\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\/business-start-up-costs-in-georgia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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