Company Formation in Georgia
Company registration in Georgia is fast and efficient, opening doors to international business.
- Strategic location with free trade access
- Simple taxation system with low rates
- Non-discriminatory approach to investors
- Easy and fast incorporation process
Consulting team dedicated into advising the best suitable jurisdiction for your project.
FinTech business development expert with leading experiences in innovative payment services providers.
Cost of a Company Formation in Georgia
Choose a package that you would like to receive more information on.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
+44 20 4577 0974
FinTech business development expert with leading experiences in innovative payment services providers.
+372 53 42 2033
Request information on company formation in Georgia: cost, process and requirements.
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Initial consultation
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Turnkey Company Formation
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Company contact person
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Registered legal company address for 1 year
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Remote incorporation
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Notary Services
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Company Secretary
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Local personnel
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Accounting for 1 year
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Long-term POA
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Apostilled set of documents
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Additional legal support
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Corporate Account
Turnkey company formation, Everything you need to get off the ground. Start now!
-
Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
Full turnkey company formation and support in all necessary aspects. Customized pricing!
-
Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
Positive results, positive feedback
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
Incorporation Assistance in Georgia - Free Consultation
The first consultation with our lawyers is free. Inquire about the cost and timeframe of a company formation in Georgia and start preparing your business for launch.
Getting started with company registration in Georgia
Find out all the necessary information about incorporating your business activity in Georgia. Discover why Georgia is a popular jurisdiction and how it may help your business to reach another level. Additional information is on demand, directly from our team of experienced consultants.
- Duration
- Timeline
- Remote incorporation
- Required Information
- VAT
- Documents
How long does it take to form a company in Georgia?
It would be not fair to set your expectations high and assume that the incorporation can be completed within a day. In some jurisdictions, it is extraordinarily fast (for example, in Estonia) and in some - slower. It all boils down to one thing: When are the necessary (basic) documents ready? The process is counted from the moment we have all the needed documents. Please consult with our consultants to understand what documents you need to kick-start the process.
- 1-3 working days if all requirements are complete;
- 5-7 days for remote incorporation (this will include the time allotted for apostil of important documents;
- Additional days will be allotted if you also want to include a bank account opening.
Procedure to prepare the registration of a company in Georgia
The registration process of a company in Georgia with LegalBison is very simple. There are only 3 main steps:
- Initial consultation and agreement;
- Payment of the full invoice;
- Discuss whether you will need to appoint a registered agent.
There is also no minimum required capital.
Note: The most recognized business structures in Georgia is the Limited Liability Company (LLC) and the Individual Enterprise.
Can I form a company in Georgia remotely?
Georgia allows for total remote incorporation, including the opening of a bank account for the company.
Aside from the necessary authorizations and POA, what is only required is the certified signature samples of the shareholders and directors.
Necessary information to begin with company formation in Georgia
- 3 options of your desired name for the company and a company contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your company's activity.
Without VAT number in Georgia
A company that is not subject to mandatory VAT registration will be liable for a fixed tax instead.
With VAT number in Georgia
VAT registration is either voluntary or mandatory. Any company may voluntarily apply for VAT registration but is mandated to do so if its VAT-taxable transactions for the previous 12 months have reached at least GEL 100,000.
The VAT rate is at 18%. VAT returns and payments must also be done monthly.
Required documents to provide to register a company in Georgia
- Passport copies (scans) of all directors and shareholders, also a beneficiary owner if applicable;
- A Power of Attorney (POA) from (all) partners/shareholders is needed (in case of a remote company registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
Alternatives to company formation in Georgia
Our team has curated the following jurisdictions as being worthy alternatives to a company registered in Georgia.
Company Formation in Bahrain
from 3.300 €-
Fast growing economy
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0% taxes (except oil business)
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Business friendly environment
Company Formation in British Virgin Islands
from 1.320 €-
Top offshore jurisdiction
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Tax-free, no reporting
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High secrecy
Company Formation in Costa Rica
from 2.350 €-
Tax-free
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Discretion of board members
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Not listed as a tax haven!
Company Formation in Cyprus
from 1.950 €-
0% taxation of dividends
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Top jurisdiction
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Not considered offshore
Company Formation in Estonia
from 450 €-
Fast incorporation
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0% tax on undistributed income
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Entirely remote
Things to know before registering your company in Georgia
Taxation of companies in Georgia
All company income, whether sourced locally or internationally, is taxable at a flat rate of 15%. Under the new Tax Code, CIT returns must already be submitted periodically or monthly.
Retained profits are not taxable until distributed.
DTAA signed by Georgia for companies
These are the countries Georgia has a tax avoidance treaty in force: Austria, Azerbaijan, United Arab Emirates, Belgium, Bulgaria, United Kingdom, Germany, Denmark, Spain, Estonia, Turkey, Turkmenistan, India, Israel, Iran, Italy, Ireland, Japan, Qatar, Lithuania, Latvia, Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Greece, Singapore, Slovenia, Armenia, France, Uzbekistan, Ukraine, Hungary, Finland, Kazakhstan, Switzerland, China, Czech Republic, Slovakia, Bahrain, Norway, Egypt, Serbia, San Marino, Kuwait, Croatia, Belarus, Iceland, Cyprus, Korea, Liechtenstein, Moldova, and Saudi Arabia.
Accounting and audit requirements for a company in Georgia
Georgia follows the IFRS accounting standard for small and medium companies or enterprises.
Big enterprises with total value assets of over GEL 10 million or an annual revenue of GEL 20 million (or at least 50 employees) are required to keep and maintain their books and submit their audited financial statements by an independent qualified accountant.
In addition to that, big enterprises are also required to submit management reports annually.
Economic substance and residency requirements for companies in Georgia
Georgia is one of the few countries that allow for total foreign ownership of a domestic corporation. This is one of their ways to encourage foreign investment in their country.
LegalBison offers help with all of the above requirements. We assist and have local agents in the country. Speak now for free with one of our consultants to get your business started.
- Taxes in Georgia
- Double Tax Treaties
- Accounting and audit requirements
- Residency requirements for company holders
Taxation of companies in Georgia
All company income, whether sourced locally or internationally, is taxable at a flat rate of 15%. Under the new Tax Code, CIT returns must already be submitted periodically or monthly.
Retained profits are not taxable until distributed.
DTAA signed by Georgia for companies
These are the countries Georgia has a tax avoidance treaty in force: Austria, Azerbaijan, United Arab Emirates, Belgium, Bulgaria, United Kingdom, Germany, Denmark, Spain, Estonia, Turkey, Turkmenistan, India, Israel, Iran, Italy, Ireland, Japan, Qatar, Lithuania, Latvia, Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Greece, Singapore, Slovenia, Armenia, France, Uzbekistan, Ukraine, Hungary, Finland, Kazakhstan, Switzerland, China, Czech Republic, Slovakia, Bahrain, Norway, Egypt, Serbia, San Marino, Kuwait, Croatia, Belarus, Iceland, Cyprus, Korea, Liechtenstein, Moldova, and Saudi Arabia.
Accounting and audit requirements for a company in Georgia
Georgia follows the IFRS accounting standard for small and medium companies or enterprises.
Big enterprises with total value assets of over GEL 10 million or an annual revenue of GEL 20 million (or at least 50 employees) are required to keep and maintain their books and submit their audited financial statements by an independent qualified accountant.
In addition to that, big enterprises are also required to submit management reports annually.
Economic substance and residency requirements for companies in Georgia
Georgia is one of the few countries that allow for total foreign ownership of a domestic corporation. This is one of their ways to encourage foreign investment in their country.
LegalBison offers help with all of the above requirements. We assist and have local agents in the country. Speak now for free with one of our consultants to get your business started.
About company registration in Georgia
Yes. In fact, it is one of the top countries where even foreign investors are welcome without discrimination.
It depends on your passport. Georgia is one of few countries with a very liberal open-border policy as it allows citizens of 70 countries entry without a visa. You can check their consular office to further verify.
Depends on your project and goals. Our lawyers can give a detailed assessment of the incorporation price after you provide us with all the necessary details.
A company set-up in Georgia can take 1-3 working days once you meet all the requirements. For remote incorporation, this period can be prolonged slightly, to 5-7 working days. We can estimate the timeline for your particular project as soon as you contact us for a primary consultation.
Yes, totally. If you can’t or don’t want to travel, the whole incorporation process, including the opening of a bank account, can be done remotely.
Contact Us
Cost and details of the company registration in Georgia.
An all-round consultation from pro-lawyers on your first demand. Contact us right now to have your questions answered during a free primary consultation.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
FinTech business development expert with leading experiences in innovative payment services providers.
