Registration of a company in Georgia

Registration fee is from 1800 €

Registration period — 2 weeks

Minimum authorized capital - not established

Remote opening — yes

Financial statements — yes

Georgia is a strategically located country at the crossroads of Europe and Asia, with access to the Black Sea and borders with Armenia, Turkey and Azerbaijan. The capital is Tbilisi.

Maira Consult advises registering Georgian companies to conduct trade operations, provide logistics and transportation services, as well as to develop IT business and launch start-up projects.

Registering a company in Georgia provides the owner with unique opportunities for international business, thanks to existing tax treaties, in particular with Ukraine, as well as the availability of free economic zones. Companies registered in the free industrial zones are exempt from paying corporate tax under certain conditions.

Free Industrial Zones (FIZs) in Georgia

There are several Free Industrial Zones in Georgia, including:

  • Hualing Kutaisi Free Zone
  • Poti Free Industrial Zone
  • Tbilisi Free Zone
  • Kutaisi Free Zone

Benefits of working in a FIZ:

  • 0% corporate tax (subject to activities outside Georgia)
  • 0% VAT
  • 0% dividend tax
  • simplified currency regulation.

IT Virtual Zone: a special regime for IT companies in Georgia

Georgia offers a special Virtual Zone Person status for IT businesses.

The main advantages are:

  • 0% corporate tax on income from the provision of IT services to non-residents
  • no VAT on the export of services
  • simplified administration
  • taxation may arise in the case of dividend payments or work with local clients.

Company registration in Georgia is an effective solution for international business due to low taxes, fast procedures and favorable conditions for IT, logistics and trade.

By choosing to open a business in Georgia, entrepreneurs gain access to a flexible tax system, benefits in free industrial zones and opportunities to scale to global markets.

Georgia advantages

1

Tax benefits in free economic zones

2

Corporate tax is paid upon distribution of profits

3

Access to international seaports

4

Transparent conditions for doing business

General Information

Registration Features

Georgian companies pay income tax only when distributing profits. In Georgia, it is possible to register a company in free industrial zones and receive tax benefits.

Company Name

The name of the future company must be written in Georgian or Latin and end with a word, phrase or abbreviation indicating its limited liability (LLC).

Authorized Capital

The amount of the minimum authorized capital and the procedure for its payment are not established. The recommended authorized capital is from 100 GEL.

Director

A minimum of one individual is required, with no residency requirements.

Shareholders

A minimum of one individual or legal entity is required, with no residency requirements.

Financial Reporting

All Georgian companies, including those registered in free industrial zones, are required to prepare and submit annual financial statements. An audit is required for Georgian companies that meet two criteria: 1. The value of the company's assets exceeds 10000000 GEL. 2. The company's revenue exceeds 20,000,000 GEL per year. 3. The number of employees exceeds 50 employees.

Taxation

The corporate income tax rate is 15% (only distributed profits are taxed). The withholding tax rate for dividends is 5%, so the total effective tax rate on the distribution of profits of a Georgian company is 20%. The standard VAT rate is 18%.

Confidentiality

The state registry is open, which provides public access to information about companies, their directors, shareholders and the amount of authorized capital. Information on ultimate beneficiaries is also available.

Stages of company registration

01

Choosing the name and form of the company

The most popular form for registering an LLC in Georgia is a limited liability company (LLC). The members of such a legal entity in Georgia are liable solely within the limits of their contributions to the authorized capital. This format is ideal for those who plan to start a business in Georgia, ensuring asset protection and minimizing risks.

02

Preparation and collection of documents

Each member of a Georgian company must provide an international passport and proof of residence (utility bill).

03

Identification of company participants

Registration of a company in Georgia can be done remotely or with a personal visit of the director and shareholders to Georgia. To register a company remotely in Georgia, the founder draws up a power of attorney with a notary, which does not need to be additionally legalized with an Apostille stamp if you register it in Ukraine. On the basis of the power of attorney, a lawyer in Georgia submits registration forms to the register. The remote procedure for registering a company in Georgia takes an average of 2 weeks. The registration procedure with a personal visit to Georgia takes several business days.

04

Formation of the share capital (if necessary)

There are no requirements for mandatory payment of the authorized capital in Georgia. If necessary, it can be formed after you have managed to open a company in Georgia. This process is also relevant for those who plan to open a legal entity in Georgia, allowing you to flexibly manage financial issues after registration.

05

Company registration

The process of registering a company in Georgia generally takes 7-10 business days from the date of receipt of the required set of documents, depending on the workload of the registry.

06

Receiving of corporate documents

As soon as a company in Georgia is registered, the registry issues ready-made corporate documents with the appropriate stamps.

07

Legalization of documents (if necessary)

If necessary, the company's documents can be submitted for legalization and apostillization. This is especially important for those who are going to open an LLC in Georgia, so that all documents comply with international standards and have legal force outside the country.

08

Delivery of corporate documents

Originals of corporate documents of a Georgian company are sent by courier service.

Answers to the Most Common Questions:

Thus, Georgia is an attractive jurisdiction for starting a business due to its stable economy, favorable tax policy and convenient location at the crossroads of Europe and Asia. Businesses in Georgia can take advantage of tax incentives, including the absence of a tax on retained earnings, which makes the country convenient for international companies and startups.
The most suitable cities for business in Georgia are Tbilisi and Batumi. Tbilisi, as the capital, provides a developed infrastructure and access to qualified personnel, which is convenient for large and medium-sized enterprises. Batumi, on the other hand, is attractive for tourism and investment projects, especially in real estate and hospitality.
The process of registering a company in Georgia includes choosing a name, preparing and submitting constituent documents to the register, confirming the identity of the participants, and obtaining corporate documents. Remote registration is possible, which is especially convenient for foreign investors. Proper preparation of documents and assistance of qualified specialists will help to simplify and speed up the registration process.
The cost of registering a company in Georgia starts from 1800 euros. This amount includes preparation of documents, payment of registration fees and support during the registration process. Additional costs for legalization of documents and opening a bank account may also be required.
The period for registering a company depends on the method of submitting documents. With remote registration, the process can take about two weeks, while with a personal visit, registration usually takes several business days. Having all the necessary documents speeds up the procedure.
The most promising industries in Georgia are tourism, agriculture (especially wine and fruit production), information technology, as well as transportation and logistics. Georgia offers favorable conditions for the growth of these sectors due to its strategic location and government support.
The annual costs of maintaining a company in Georgia include government fees, accounting services, and audits if the company meets the criteria for mandatory audits. These costs vary depending on the size of the business and its structure.
The corporate tax rate in Georgia is 15%, but the tax is levied only on distributed profits, which allows companies to freely reinvest their earnings without additional tax burden.
A Georgian company is suitable for trading operations, logistics and transportation services, IT business and startups. The country offers favorable conditions for these areas, making it convenient for international and local businesses.
For example, Georgia has a value-added tax (VAT) with a rate of 18%. Companies whose annual turnover exceeds the established threshold are required to register as a VAT payer and can obtain a VAT number to conduct business with VAT liabilities.

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