Company Registration Rules in Georgia: Complete Guide

Ideal conditions for creating your own business formed today in Georgia. Absence of bureaucracy and corruption, clear system taxation, simple business registration attracts foreign investment to the country.

What should I know about foreign citizen, having decided to open a business in Georgia, we will talk in this article.

Types and forms of business in Georgia

It is easy to register your own business in Georgia. The procedure takes one day, and it requires a minimum of documents.

The organizational and legal form of LLC is more popular among foreign entrepreneurs. For Limited Liability Company in Georgia optimal conditions have been created for tax rates depending on the profit of the organization.

Other legal forms for legal entities are also available in Georgia:

• Joint and several liability companies.
• A limited company.
• Joint stock company.

To register a business in Georgia, follow the instructions below.

Instructions for registering a business in Georgia

Every entrepreneur has the right to register his own business in Georgia. There are no restrictions for foreign citizens and non-residents of the country. The requirements are the same for everyone.

1. First you need to hire a Georgian translator. Some of the documents are drawn up in Georgian, and the entrepreneur will have to understand the text.
2. Issue the legal address of the company and certify it with notary public.
3. Pay the state fee for business registration in Georgia.
4. Report to House of Justice with the necessary package of documents for starting a business (passport, articles of association, etc.)
5. , fill out an application and receive a notification of company registration.
6. Register inTax Service of Georgia.
7. Register in the personal account of the taxpayer of Georgia on a special website or application.

Georgia also provides for the possibility of opening a business remotely. Foreign entrepreneurs can register a company without appearing in Georgia.

To do this, you need to notarize your passport, charter and other documents, draw up a power of attorney for a representative in Georgia, and send these documents to him. He will register the company on your behalf and send back the received documents, including the payer's identification code.

Taxes for legal entities in Georgia

56 countries have already signed an agreement with Georgia on avoiding double payment of taxes when making profits from the organization's activities. Foreign entrepreneurs in Georgia take advantage of this agreement and save on tax expenses.

In addition to this agreement, the Georgian government has introduced a number of additional conditions that attract entrepreneurs from all over the world.

• No fee is required for the initial capital.
• Corporate tax does not exceed 15%.
• The presence of a status With FROM, a Virtual zone and a Free Trade Zone, where special tax benefits apply, including for foreign entrepreneurs in Georgia.

Thus, the procedure for registering a business in Georgia is quite simple. It is enough to competently approach the choice of a niche of entrepreneurial activity and not forget about the services of translators and lawyers.

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