How to register an LLC in Georgia for a foreign entrepreneur, the necessary documents for registering an LLC in Georgia
Become the owner of a successful business in Georgia! Read our article on how to register an LLC in Georgia remotely. Right now, follow the link and find out what documents are needed to register an LLC in Georgia for a foreign entrepreneur, and why it is better to register an LLC rather than an individual entrepreneur.
Before making a decision to open your own business, you need to competently approach the issue of choosing the form of organizational and legal activity. Most often, entrepreneurs stop at an individual entrepreneur or LLC.
For foreign entrepreneurs in Georgia it is especially important to decide which form of business to choose. In order to avoid unforeseen difficulties, you need to understand all the features of the registration of LLC and IP in other countries.
In this article we will discuss in detail how to open an LLC in Georgia for a foreign entrepreneur.
Advantages of LLC in Georgia
Despite the fact that for LLC are not provided preferential tax rates, as well as organizations directly depend on the property of a legal entity, there are a number of advantages of an LLC in Georgia over other forms of activity.
- remote company registration;
- remote opening of a corporate account;
- LLC registration in 2 days;
- there is no need to confirm the authorized capital;
- only the distributed profit of the organization is taxed.
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Rules for registration of LLC in Georgia for a foreign entrepreneur
Georgia does not impose any restrictions on foreign entrepreneurs wishing to open an LLC. The registration procedure is simple and transparent. Like a citizen of Georgia, a foreign entrepreneur receives a 9-digit taxpayer identification code after registration, which will be used for reporting and accruals of taxes.
To register an LLC on the day of filing an application, you will have to pay a fee in the amount of 210 GEL, whereas a regular registration in 2 days will cost 110 GEL. At the same time, in the case of registration of an individual entrepreneur, personal presence is required, whereas an LLC can be registered remotely. It is enough to send notarized documents.
The list of such documents includes:
- passport (copy);
- application in Georgian;
- notarized legal address of the future company;
- signed Charter of the organization, drawn up in Georgian and English;
- confirmation of payment of state duty.
Consideration of the application takes place quickly, depending on the amount of the state fee paid. Upon approval of LLC registration, business owner in Georgia receives the taxpayer's code. Further, the Tax Service of Georgia issues a password to a foreign entrepreneur to log in to the taxpayer's personal account.
After that, it will only be necessary to open a corporate bank account, and the registration of the LLC will be considered completed.
The Madloba catalog wishes you a successful business and reminds you of the need for regular submission of accounting and tax reports.
The taxpayer's personal account allows you to send declarations remotely, which means that a foreign entrepreneur does not have to be in the country for this.
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