Company registration in Georgia

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Open a company in Georgia

If you are looking for an opportunity to set up a legal entity in a low tax country, then Tbilisi, Georgia is for you. An attractive tax system, business friendly environment, good climate, and hospitable people make Georgia an ideal destination. It is easy to register a business in Georgia and the tax and reputational benefits to owners are tremendous.

A bank account can be obtained without even needing to travel to the country in person, you can get a ready-made company with a bank account within a week.

Benefits of establishing a company in Georgia

  • Quick and Easy Registration Procedures
    A company in Georgia can be registered within several hours. The process involves minimal documentation and a 15-minute visit to the registration office in Tbilisi. The same is true for companies registered using Power of Attorney.
  • 0-20% corporate tax
    Depending on the type of business, tax on corporate income can vary from 0% to 20%. Companies are fully exempt from taxes on certain activities in Free Zones. There are special tax advantages for IT companies (5% tax), for small businesses (1% tax), and for sea shipping (5% tax). In general, however, even a regular limited liability company (LLC) does not pay any tax on corporate income unless distributing dividends.
  • No Restrictions on Foreign Ownership or the Number of Directors
    There are no restrictions upon who can own a company. Company can be owned by citizens of Georgia, by foreign nationals, or by both at the same time. The owner of a Georgian company can also be a legal entity registered outside of Georgia. What’s more, a foreign shareholder in a Georgian company can also serve as the director of the same company. Neither is the number of directors in a given company subject to limitation.
  • No minimum capital requirement
    A company may be established in Georgia without any capital injection. Company capital may be equal to 0.
  • Remote Company Formation And Management
    To set up a company in Georgia you don’t need to visit us in person. We can register your business in Georgia with a simple Power of Attorney and all in a single day (from the moment we receive the necessary documents from you)
  • Over 56 Double Taxation Avoidance Treaties With Different Countries
    The attractive tax benefits available in Georgia would not be as attractive without double tax avoidance agreements to help you avoid paying taxes twice for the same service. Our team of legal experts will help you navigate through the sometimes complex agreements of avoiding double taxations.

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Steps to register a company in Georgia

Choose the company type best suited for you and give it a name. Provide us with the needed information and finalize the process by choosing the company’s legal address (Local or Virtual). We’re here to help every step of the way.

Consultation and documentation gathering

In order to proceed, we’ll need some documents from you, including: Passport(s) of the founder(s) / director(s) and a Power of Attorney. We’ll provide you with a full list of what’s needed. Should you choose to come to Georgia in person, you’ll need only your passport. We’ll prepare the rest of the documents for you.

Company registration

For remote registration, we visit all the necessary state institutions and register your company with the documents you provide us with. If you would like to visit Georgia in person, one of our people will accompany you during the process.

Open bank account

Following Company registration, you will need a bank account for future transactions. We can assist you in this process as well. With the same documents we can open an account within two working days.

Manage your company

You can manage your company from anywhere in the world. If further help is needed, we can provide accounting, legal, and other business support services.

Here’s how we help you

Check the availability of your company name

We check the availability of your preferred company name (although company names can be duplicated in Georgia, you might want to avoid this occurrence)​

Choose a business address

We assist you in choosing a business address (we can get your company an address in Tbilisi or in another Georgian city in either a regular office or a prestigious business center in Tbilisi, Georgia)

Paperwork

We prepare and submit all the necessary documents for the company registration in the public registry. If the company is registered remotely, we provide you with drafts of the power of attorney and guide you through the process of notarizing/apostilling the documents from your home country.​

Corporate Bank account

We assist you in opening a Corporate Bank account as well as a personal bank account in Tbilisi, Georgia.

Accounting/Bookkeeping

We take care of your monthly accounting work.

FAQ – Frequently Asked Questions

What Is The Time Frame For Company Registration?

A company can be registered in 1 day, though on average you should plan for 2 to 5 days, with 5 days being the maximum required to finish all the procedures. In case of remote registration, a week is needed on average.

Are There Any Restrictions On Nationality, On Who Can Start A Business In Georgia?

No. A resident of any country can set up a business in Georgia.

What Are The Legal Forms Of Companies In Georgia?

Limited Liability Company (LLC) Legal entity with liability to creditors limited to its property. The partners (founders) are not responsible for the company’s liabilities. The capital of an LLC can be specified at any amount and is divided into shares. A partners’ meeting must be held to consider annual results and other issues. An LLC can be founded by one person.Joint Stock Company (JSC) Legal entity with capital divided into a certain number and certain types of shares defined by the company charter. A JSC’s liability to creditors is limited only by its property. Shareholders are not responsible for the company’s liabilities. The capital of a JSC can be any amount. A JSC is entitled to issue ordinary and preferred shares unless the company charter states otherwise.Limited Partnership (LP) Legal entity in which two or more persons carry out entrepreneurial activities under a single entity name. The liability of some partners (limited partners) to creditors is limited to a certain warranty amount, while the liability of other partners, i.e., full partners (general partners), is not limited. The partners of an LP can be both legal entities and individuals. Partners with limited liability (limited partners) are not allowed to participate in the management of the LP.Branch Office (BO) Structural sub-unit of a business entity and is not a separate legal entity.

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