Description

The main types of companies that can be established in Georgia and on which our specialists consult:

Joint Stock Company is registered by large companies operating in Georgia;

Limited Liability Company is the most suitable form of business for small and medium-sized companies;

Free industrial zones (FIZ) – registering a business in such a zone allows you to use all the advantages of a tax-free company, but without damaging your reputation, because Georgia is not included in the lists of offshore jurisdictions.

Advantages

• Double taxation treaties with 53 countries of the world;
• No minimum capital requirement;
• Completely remote company registration and account opening;
• No exchange control;
• One of the most stable and developed banking systems in the region.

Taxes

There is no tax on retained earnings in Georgia. Upon distribution of profits, the tax will be 15% of income tax and 5% on dividends.

Georgia is one of the few countries that has not joined the automatic exchange of tax information. Local banks are not required to collect and provide information to government agencies.

Registration conditions

To successfully open an account, at least one of the directors of the company must be a resident of Georgia.

A Georgian limited liability company can be registered with minimum of one shareholder and maximum of 50.

There is no need to deposit the minimum share capital.

Services and prices

Registration of a company

The cost of registering a company is 1900 EUR.

It includes:

• Company registration, including payment of state fees;
• Preparation, translation and certification of powers of attorney for remote opening;
• Legal address for one year;
• Preparation of statutory documents of the company;
• Preparation of company printed materials.
• The registration period is 2-3 days from the date of receipt of the power of attorney.

Accounting department

The cost of bookkeeping (standard package up to 20 transactions per month) is 2280 EUR (at the rate of 190 EUR / month).