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Registration of a company in Georgia
- Price:from 2100 EUR
- Term:1 week
Georgia is a promising direction for small and medium businesses. The country strives for European standards and regularly works to improve its economic climate. The created free and virtual zones attract startups, investors and businessmen from all over the world, making the country even more technologically advanced. It is Georgia that combines such concepts as: loyalty to non-residents, preferential taxation and favorable territorial location.
A company in Georgia is suitable for import-export activities, international trade, investment, IT activities and shipping. If you develop a suitable tax scheme for a business, you can minimize the tax burden and at the same time not have an offshore status.
- identification of the client according to the KYC procedure
- registration procedures
- payment of the registration fee
- services of a legal address for a year
- company registration for tax purposes
- preparation of a package of corporate documents under apostille and notarization
- corporate seal
- legal and tax advice
- one delivery of the documents
- identification of the client according to the KYC procedure
- registration procedures
- payment of the registration fee
- services of a legal address for a year
- company registration for tax purposes
- preparation of a package of corporate documents under apostille and notarization
- registration of a business license
- corporate seal
- legal and tax advice
- opening a bank account for administrative purposes of the company
- one delivery of the documents
- checking the company's compliance with all compliance and KYC criteria
- legal support of the company
- services of a legal address for a year
- legal and tax advice
- checking the company's compliance with all compliance and KYC criteria
- legal support of the company
- services of a legal address for a year
- business license renewal
- legal and tax advice
Opening a business account for a company in the Payoneer or Emerald24 payment systems is a comprehensive service from our company. This service does not require additional payment, as we strive to ensure the most comfortable start of your company and emphasize the importance of our cooperation. You pay only bank fees in accordance with the requirements of the payment system, and we take full responsibility for communication with the payment system and collection of documents.
Please note that this offer is valid only if the company's activities comply with the specified payment systems (high and ultra-high risk are not included in the list of permitted activities).
- 1Georgia has the prestigious status of a preferential (not offshore) jurisdiction
- 2Access to seaports and global trade markets
- 3Georgia has free trade agreements with EU, CIS, China, Turkey and other countries
- 4There are tax-free Free Industrial Zones in the jurisdiction
- 5Companies are exempt from income tax if they do not distribute it
- 6All export operations are exempt from taxes
- 7Created a special Virtual zone for IT companies
- 8Foreign citizens can buy real estate
- 9The possibility of obtaining a residence permit in Georgia
The tax system of Georgia is famous for the availability of benefits in the Free Industrial Zones and virtual zones. Often, when businessmen want to open a kind of "offshore" in Georgia, it is the FIZ zone that is meant. Companies established in industrial zones are completely exempt from taxation if they do not conduct local commercial activities. If such a company works with local partners, the corporate tax is only 4%. There is no property tax, VAT and import / export tax, dividend tax in FIZ.
Virtual zones, in turn, are designed solely to support IT activities and exempt from corporate tax only those firms that profit from abroad and export their goods or services.
Local classic companies are also not deprived of tax advantages. For them, there is a tax exemption under the Estonian system: if the profit is not distributed, the company does not pay corporate tax. In all other cases, income tax is 15%.
VAT payers are companies whose annual transactions exceed 100 000 GEL.
Non-residents have the right to register an enterprise in Georgia in all legal forms available in the country. This includes a private entrepreneur, a joint-stock company, a representative office, a limited liability company and others.
The most convenient and suitable form for international business is a Limited Liability Company - LLC.
- Capital - the minimum level is not set, from 1 GEL. It is recommended to use 100 GEL.
- Director - a private or corporate person of any residency. A minimum of one director is required.
- Shareholder - can be a company or individual of any residency. Minimum one shareholder required.
- Secretary - the legislator does not require.
- Register of beneficiaries - data on ultimate owners is public.
- Available information - about the name of the company, legal address, size of the authorized capital, director, shareholder, beneficiary.
- Substance requirements - apply when opening a local bank account for operational purposes. An alternative is an account in the payment system.
- Legal address - must be located on the territory of Georgia.
- Capital - the minimum level is not set, from 1 GEL.
- Director - a private or corporate person of any residency. A minimum of one director is required.
- Shareholder - can be a company or individual of any residency. Minimum one shareholder required. The position is compatible with the director.
- Secretary - the legislator does not require.
- Register of beneficiaries - data on ultimate owners is public.
- Available information - about the name of the company, legal address, size of the authorized capital, director, shareholder, beneficiary.
- Substance requirements - apply when opening a local bank account for operational purposes. An alternative is an account in the payment system.
- Legal address - must be located on the territory of the industrial park.
- License - a business license is required to operate.
All companies in Georgia, including those established in the industrial zone, are required to prepare and submit annual financial statements to the tax authorities. The reporting deadline is October 1 of each year.
An audit is required only for large enterprises that meet any two criteria:
- assets worth over 10 000 000 GEL;
- income over 20 000 000 GEL/year;
- more than 50 employees.
- 3 desired company names
- description of directions of work of the future company
- national and foreign passports of the shareholder and director of the company
- confirmation of the address of registration of the shareholder (for example, a utility bill receipt) in English
- confirmation of the director's registration address (eg utility bill receipt) in English
- contact details: local telephone and e-mail for registration