Company Formation in Georgia

Company Formation in Georgia banner
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15% tax
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from 1 week
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from 1.800 €

Top 5 Advantages of company registration in Georgia

  1. Strategic location
  2. Dynamic business culture
  3. Non-discriminatory approach to investors
  4. Simple and quick incorporation process
  5. Low taxes

Cost company formation in Georgia

Basic Package

Turnkey company formation, Everything you need to get off the ground. Start now!

from 1.800 € Initial set up
  • Turnkey Company Formation
  • Company contact person
  • Registered legal company address for 1 year
  • Remote incorporation
Medium Package

Full turnkey company formation. This is the standard package our clients go for!

On Request Initial set up
  • Turnkey Company Formation
  • Company contact person
  • Registered legal company address for 1 year
  • Remote incorporation
  • Notary Services
  • Company Secretary
  • Local personnel
Full Package

Full turnkey company formation and support in all necessary aspects. Customized pricing!

On Request Initial set up
  • 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

Incorporation Assistance in Georgia - Free Consultation

Kirill Gussev photo
Kirill Gussev Corporate Service Professional

How to start

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1. Choose a jurisdiction
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2. Pick a bank
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3. Pay for the service using a suitable method
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4. Receive credentials of your new legal entity
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5. Get credentials of your opened bank account
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6. Receive a package with documents delivered to you

Roadmap Company in Georgia

How long does it take to register a Company in Georgia?

It would be not fair to set your expectations in a way to assume for the incorporation to be finished within a day. In some jurisdictions it is extraordinary fast (for example in Estonia) in some slower. It all boils down to one thing: 'When are the necessary (basic) documents ready?' The process is counted from the moment on 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 time allotted for apostil of important documents.
  • Additional day/s will be allotted if you also want to include bank account opening.

What are the steps to register a company in Georgia?

The registration process of a company in Company Formation in Georgia with LegalBison is very simple. There are only 6 steps:
  • Initial consultation and agreement
  • Payment of the full invoice
  • Discuss whether who or to appoint a registered agent
There is also no minimum required capital. Note: The most recognized business structure in Georgia in a Limited Liability Company (LLC) and Individual Enterprise

Taxes in Georgia

How high is the corporate income tax in Georgia?

All income of the company whether sourced locally or internationally, is taxable at a flat rate of 15%. Under the new Tax Code, submission of CIT returns must already be done periodically or monthly.
  • Retained profits are not taxable until distributed

What Double-tax treaties has Georgia?

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.

VAT number in Georgia

Without VAT number

  • A company that is not subject to mandatory VAT registration will be liable for a fixed tax instead

With VAT number

  • 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
  • VAT rate is at 18%. VAT returns and payment must also be done monthly

Decide first

  1. Do you have a company now?
  2. Decide what structure do you intend to register.
  3. Note: There’s no concept of a ready-made company (shelf) in this jurisdiction.

Documents to provide for company registration in Georgia

  • Passport copies (a scan) of all individuals above, also 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)

Information needed to get company registration 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 companies’ activity

Remote incorporation in Georgia

  • Georgia allows for total remote incorporation including opening of bank account for the company
  • Aside from the necessary authorizations and POA, what is only required is the certified signature samples of the shareholder/s and director/s

Accounting and auditing 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, the big enterprises are also required to submit management report annually

Residential requirements in Georgia

What are the residential requirements in Georgia?

  • Georgia is one of the few countries that allows for total foreign ownership of a domestic corporation
  • This is one of their way to encourage foreign investment in their country
LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.

FAQs about company registration in Georgia

Is it good to invest in Georgia?
Do I need a visa to enter Georgia?

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