Launch your Georgian LLC
With complete foreign ownership, enjoy one of the regionβs most business-friendly tax regimes, and tap into the strategic gateway linking Europe and Asia.
Start Your Company TodayIntroduction to Georgia Company Structure
Overview of Company Structure
Georgia's economic landscape is based around two major entities: the Limited Liability Company (LLC) and the Joint Stock Company (JSC). An LLC is the ideal option for small and medium enterprises due to its simple set-up and no minimum capital requirements and a restricted liability. A JSC can be a better choice for larger businesses that are seeking investors or public listings with a wider range of opportunities for fundraising under strict governance. Together, they create Georgia an efficient and flexible investor-friendly location for registration of companies.
Why Choose Georgia?
Georgia is a hub for business, with quick company registration (often in just one day) with low taxes, no minimum capital requirements for LLCs and the ability to have 100% foreign ownership. Georgia's strategically located within Europe and Asia; its transparent laws and an investor-friendly atmosphere make it a perfect location for entrepreneurs and international corporations alike.
Advantages of Registering a Company in Georgia with Companyvista
Quick Setup
Register your company in Georgia in less than a business day.
Hassle-Free Process
End-to-end guidance with easy-to-read documentation.
No Capital Requirement
Open an LLC in Georgia without mandatory share capital.
Tax-Friendly Jurisdiction
Benefit from Georgiaβs low corporate taxes and double tax treaties.
100% Foreign Ownership
Complete control and profit repatriation guaranteed.
Expert Support
Companyvista assures compliance, smooth registration, and long-term business growth.
Step-by-Step Company Registration Process
1. Choose Business Structure
Select between LLC or JSC.
(Same Day)2. Reserve Company Name
Verify and reserve a unique name.
(1 Day)3. Prepare Documents
Draft Articles of Association, IDs, and address proof.
(1 Day)4. Submit Application
File documents at the National Agency of Public Registry (NAPR).
(1 Day)5. Company Registration Issued
Receive your Certificate of Incorporation.
(Within 1 Business Day)6. Open Bank Account
Create a corporate account to handle transactions.
(1β2 Days)7. Tax Registration
Register with Revenue Service for VAT/Tax ID.
(1 Day)Total Timeline: 3β5 business days for full setup
Our expert team can expedite the process and handle all steps remotely on your behalf.
Start Your RegistrationDocuments Required
For Individual Shareholders
- Valid Passport Copy (notarized and apostilled if foreign).
- Proof of Residential Address (utility bill, bank statement, or official letter).
- Tax Identification Number (if applicable) from the home country.
- Power of Attorney (if registration is done via a representative).
- Sample Signature Form (for company records).
For Corporate Shareholders
- Certificate of Incorporation (notarized & apostilled).
- Memorandum & Articles of Association.
- Extract from Commercial Register showing company details and good standing.
- Board Resolution approving investment and appointment of representative.
Additional Requirements
- Registered Office Address in Georgia: mandatory for all companies.
- Local Contact Information: phone number/email for communication.
- Company Name Reservation: unique name approved by the National Agency of Public Registry (NAPR).
- Minimum 1 Director & 1 Shareholder: can be the same person, resident or non-resident.
- Charter/Articles of Association: outlining company structure and rules.
Company Structure & Roles
Minimum Requirements
- Shareholder(s): 1 shareholder (individual or corporate, resident or non-resident).
- Director(s): 1 director (can be the same person as shareholder, no residency requirement).
- Registered Address: A local address in Georgia is mandatory.
Optional Positions
- Company Secretary: not legally required, but may assist with compliance and documentation.
- Supervisory Board: required only for large Joint Stock Companies (JSCs); optional for LLCs.
- Chief Accountant / Financial Officer: recommended for tax compliance.
- Auditor: mandatory only if the company exceeds certain turnover/asset thresholds or for JSCs.
Cost of Company Registration
Official Fees
| Company Name Reservation | Included in fee |
| State Registration Fee (Standard) | 100 GEL ($35) |
| State Registration Fee (Urgent) | 200 GEL ($70) |
| Translation & Notarization (if docs are foreign) | 100β300 GEL ($35β$100) |
| Registered Address (annual) | 200β400 GEL ($70β$140) |
| Legal/Service Provider Assistance | Varies (from $300β$800) |
Additional Services
| Virtual Office / Registered Address | $70β$150 / year |
| Accounting & Bookkeeping | From $50 / month |
| Tax Registration (VAT/Excise) | $30β$80 one-time |
| Bank Account Assistance | $100β$200 |
| Legal Support | $100β$300 |
Post-Registration Services
Our support continues after your company is registered to ensure full compliance and smooth operations.
Tax Registration & Compliance
Get Tax ID, VAT registration, and ensure ongoing filings.
$50β$100 (one-time)
Accounting & Bookkeeping
Monthly financial reporting, payroll, and compliance assistance.
From $50 / month
Corporate Bank Account Assistance
Smooth setup with local or international banks.
$100β$200
Business Licensing & Permits
Industry-specific approvals (finance, healthcare, trading, etc.).
From $150
Virtual Office & Registered Address
Maintain a legal address and mail handling in Georgia.
$70β$150 / year
Annual Filings & Renewals
Stay up-to-date with shareholder meetings, renewals, and audits (if applicable).
$100β$300 / year
Bank Account Opening in Georgia
Requirements for Opening a Business Bank Account
- Company Registration Documents (Certificate of Incorporation, Tax ID, Charter/Articles of Association)
- Identification Documents for shareholders and directors (valid passport)
- Proof of Address of the registered office in Georgia
- Tax Registration Certificate (if VAT registered)
- Details of Business Activities (nature of business, partners, etc.)
- Expected Transaction Volumes and Turnover (for Some Georgian banks allow remote account opening for foreign-owned companies, though requirements may include:
Remote Account Opening
Some Georgian banks allow remote account opening for foreign-owned companies, though requirements may include:
- Video verification of directors/shareholders
- Notarized and apostilled copies of corporate documents
- Enhanced due diligence for high-risk or regulated industries
Top Banks in Georgia for Foreign-Owned Companies
| Bank | Features | Monthly Fee |
|---|---|---|
| TBC Bank | Largest bank, multi-currency, strong online banking | $5β$10 |
| Bank of Georgia | Investor-friendly, English support, trade finance | $5β$12 |
| Liberty Bank | SME-focused, simple packages, low fees | $3β$8 |
| ProCredit Bank | International focus, EU-linked, strict compliance | $8β$15 |
| Credo Bank | Startup-friendly, flexible accounts, affordable | $3β$7 |
Bank Account Opening Timeline in Georgia
- 1β2 Days: Submit documents after company registration.
- 2β4 Days: Bank review, compliance checks, and account activation.
Total: Usually 1β4 business days.
Taxation & Accounting Overview
Corporate Income Tax (CIT)
- Standard rate: 15% (applied only on distributed profits).
- Reduced rate: 0% tax until distribution.
- Dividends paid to non-residents: 5% withholding tax.
- Tax return filing is required for the year.
Value Added Tax (VAT)
- Standard rate: 18%.
- Registration is mandatory, if turnover exceeds 100,000 GEL in 12 months.
- VAT returns submitted monthly.
- Certain goods/services may qualify for exemptions or reduced compliance.
Other Taxes & Contributions
- Dividend tax: 20% flat rate.
- Pension Contribution: 2% employer + 2% employee + 2% govt (residents).
- Withholding Taxes: 5% dividends/interest/royalties, 10% service fees (non-residents).
- Property Tax: Up to 1% of property value.
- Excise Tax: On alcohol, tobacco, fuel, cars.
- Import Duties: 0%, 5%, or 12%.
Accounting & Compliance
- Financial statements must be in line with IFRS guidelines.
- Small companies may opt for simplified reporting.
- Annual filings with Revenue Service are mandatory.
- Audit is required only for large entities or JSCs.
Tax Incentives & Special Economic Zones
Georgia offers one of the most investor-friendly environments in the region.
- Special Economic Zones: 0% corporate tax, VAT, and import/export duties.
- Tech & Innovation Incentives: Reduced taxes and simplified reporting for IT startups.
- Global Access: Double tax treaties with 50+ countries.
- Reinvested Profits: 0% corporate tax on retained earnings.
Employment & Hiring in Georgia
Hiring Process in Georgia
Job Advertisement & Recruitment
Advertise job openings on local job portals, company websites, or recruitment agencies.
Candidate Screening
Review resumes, conduct interviews, and check qualifications.
Employment Offer & Contract
Written offer letter followed by a employment contract outlining salary, role, and terms.
Registration with Authorities
Employers must register employees with the Social Service Agency for tax and social contributions.
Work Permits for Foreigners
Non-resident employees require a work permit; residence permits may be needed for long-term employment.
Onboarding & Compliance
Ensure payroll, social contributions, and workplace regulations are fully followed.
Key Employment Regulations
- Working Hours: 40 hours/week; overtime paid.
- Minimum Wage: Government-set.
- Contracts: Written employment contracts required.
- Leave: Min. 24 days annual leave; sick and maternity/paternity leave regulated.
- Termination: Legal procedures and severance apply.
- Social Contributions: Employer pays pension & social security.
- Health & Safety: Safe workplace mandatory.
Employer Costs
- Salary: Subject to 20% personal income tax.
- Pension Contribution: 2% of gross salary (employer).
- Benefits: Optional (health insurance, bonuses).
- Recruitment & Training: Hiring and onboarding costs.
Legal & Compliance Requirements
Ongoing Compliance Obligations
- Annual Financial Statements: Maintain and file as required.
- Tax Filings: CIT, VAT, and payroll taxes on time.
- Social Contributions: Monthly reporting and payments.
- Shareholder & Director Records: Keep updated.
- Registered Office & Contact: Must be maintained.
- Audits & Licenses: Audits are conducted and license renewed when necessary.
Maintenance Checklist
| Frequency | Tasks |
|---|---|
| Annually | Annual Financial Statements |
| Annually | Corporate Income Tax (CIT) Filing |
| Monthly | VAT Filing (if registered) |
| Monthly | Payroll & Social Contributions |
| Continuous | Registered Office & Contact Info |
Penalties for Non-Compliance
- Late Tax or Payroll Payments: Fines and interest.
- Missing Financial Statements: Penalties for financial violations.
- Incorrect Shareholder/Director Records: Administrative fines.
- No Registered Office: Possible fines or deregistration.
- Operating Without Licenses: Fines and suspension.
- Audit Non-Compliance: Legal penalties.
Being in compliance can help avoid fines and operational issues.
Who Can Register a Company in Georgia?
Eligibility Criteria
- Individuals: Georgian residents and non-residents can register.
- Corporate Entities: Foreign or local companies can set up a subsidiary or branch.
- Minimum Requirements: At least 1 shareholder and 1 director; a registered office in Georgia.
Requirements for Foreigners
- A valid identification card or passport.
- Evidence of residential address in home country.
- Notarized and apostilled documents (if using a representative).
- Power of Attorney if registration is done through an local agent.
Special Cases
- Non-resident directors/shareholders: Can fully own and manage the company.
- Branches of foreign companies: Must submit parent company documents and a board resolution.
- Restricted Industries: Certain sectors (finance, insurance, healthcare) may require additional licenses or approvals.
Georgia vs Other EU Jurisdictions
| Criteria | Georgia | Germany | Netherlands | Estonia | Lithuania |
|---|---|---|---|---|---|
| Company Types | LLC, JSC | GmbH, AG | BV, NV | OΓ | UAB |
| Minimum Capital | 1 GEL (LLC) | β¬25,000 (GmbH) | β¬0.01 (BV) | β¬2,500 (OΓ) | β¬2,500 (UAB) |
| Registration Time | 1β5 business days | 1β4 weeks | 1β2 weeks | 1β5 business days | 1β2 weeks |
| Corporate Tax | 15% on distributed profits | 15β30% | 15β25% | 20% | 15% |
| VAT Rate | 18% | 19% | 21% | 20% | 21% |
| Foreign Ownership | 100% allowed | Limited approval in certain sectors | 100% allowed | 100% allowed | 100% allowed |
| Ease of Doing Business | Very high, investor-friendly | Moderate | High | Very high | High |
| Special Incentives | Free Industrial Zones, 0% CIT on reinvested profits | Limited regional incentives | Innovation box, tax incentives | e-Residency, tech-friendly | Tax incentives for startups |
Why Georgia Stands Out?
Georgia is a combination of speed, simplicity, as well as incentives and making it a popular choice for both investors and entrepreneurs.
- Fast Company Registration: Can be done in 1β5 business days.
- Low Costs & Taxes: 15% CIT on distributed profits; 0% on reinvested earnings.
- 100% Foreign Ownership: Full control for international investors.
- Investor-Friendly Environment: Transparent regulations, simple procedures.
- Special Economic Zones: Free Industrial Zones with 0% tax and duty benefits.
- Strategic Location: Gateway between Europe and Asia for global trade.
Remote Company Registration
How It Works
Choose Company Type
LLC or JSC suitable for your business.
Engage a Local Service Provider
Designate a registered agent, or a firm to handle the procedure.
Prepare & Submit Documents
Share notarized and apostilled passports, proof of address, and signed Articles of Association.
Power of Attorney
Grant authority to your local agent to register the company on your behalf.
Company Registration
National Agency of Public Registry (NAPR) processes registration.
Bank Account Opening
Many banks offer remote account setup with video verification and document submission.
Post-Registration Compliance
Tax registration, social contributions, and virtual office setup can be handled remotely.
Popular Cities for Business Registration
Tbilisi
best for international business and startups.
Batumi
Coastal city, ideal for tourism, hospitality, and trade-related ventures.
Kutaisi
Emerging industrial and IT center with lower operating costs.
Rustavi
Focused on manufacturing and industrial businesses.
Choosing the Right Location
When deciding on a place to locate your company in Georgia take into consideration the following elements:
- Market Access: Pick a place close to your prospective customers and business partners.
- Industry Fit: Certain cities specialize in industriesβTbilisi for corporate & startups, Batumi for tourism, Rustavi for manufacturing.
- Infrastructure & Connectivity: Reliable transport, internet access and office space are crucial for smooth operations.
- Operational Costs: Evaluate rent, labour costs, and utilities; smaller cities usually have less expense.
- Talent Availability: Ensure access to a skilled workforce relevant to your business needs.
Types of Business Activities Allowed
Common Business Activities
- Trading & E-Commerce
- Manufacturing & Industrial
- IT & Technology Services
- Tourism & Hospitality
- Financial & Professional Services
- Logistics & Transportation
- Agriculture & Food Production
Restricted/Licensed Activities
- Banking & Financial Services: Banks, insurance, investment firms.
- Healthcare & Pharmaceuticals: Clinics, hospitals, pharmacies, medical devices.
- Education & Training: Schools, universities, and private training centres.
- Gambling & Gaming: Casinos, betting, and lottery operations.
- Telecommunications & Broadcasting: TV, radio, and telecom service providers.
- Energy & Utilities: Electricity, gas, and water supply services.
Georgian National Classification of Economic Activities (GE.NACE)
Classification in Georgia:
- GE.NACE Codes: Used to classify companies by their main economic activity.
- Purpose: Required for company registration, tax filings, and statistical reports.
- Selection: Each company must select one primary activity code and may add secondary activities if needed.
- Reference: Provided by the National Agency of Public Registry (NAPR) during registration.
- Structure: Organized into sections, divisions, groups, and classes.
Covers all industries: trade, manufacturing, IT, services, agriculture, etc.
Who Can Benefit from Georgia Company Formation?
International Entrepreneurs
Looking for 100% foreign ownership and easy market entry.
Startups & Tech Companies
Benefit from low taxes along with accessibility to IT incentives.
Export-Oriented Businesses
Benefit from Free Industrial Zones and 0% CIT on reinvested profits.
SMEs & Local Enterprises
Easy registration and low operational cost.
E-Commerce & Trading Companies
Business activities that are flexible and good laws.
Investors Seeking Tax Efficiency
Tax-free on earnings retained and profits that are reinvested.
Tourism & Hospitality Businesses
Access to coastal zones and high tourist cities.
Foreign Corporations Expanding Regionally
Georgiaβs strategic location between Europe and Asia.
Sample Documents & Templates
Articles of Association / Charter
Defines company structure, shareholder rights, and governance.
Download PDFShareholder & Director Resolutions
Decisions regarding company formation and management.
Download XLSReady-Made (Shelf) Companies in the Georgia
What is a Ready-Made Company?
Ready-made (shelf) businesses are available to purchase in Georgia which provides a simplified process for entrepreneurs who want to establish their own business without going through complete registration procedure. These are registered companies that have not been involved in any commercial activity which allows for an easy transfer of ownership as well as immediate start of business.
Advantages of Purchasing a Shelf Company:
- Immediate Start: Begin operations without waiting for registration.
- Credibility: Aged companies appear more established to clients and partners.
- Simple Process: Faster and easier than forming a new company from scratch.
How to Acquire a Shelf Company in Georgia
- Select Provider β Select a reputable form company.
- Pick Company β Choose a suitable shelf company.
- Transfer Ownership β Sign the contract.
- Update Records β Edit documents using NAPR.
- Get Licenses β Register for VAT if needed.
Success Metrics of Georgia Companies
Ease of Doing Business ranking (World Bank 2019)
Nominal GDP (2023)
GDP per capita (2023)
Business entities registered
International Expansion Opportunities
Georgia offers an effective cost-effective and tax-efficient center for companies looking to pursue international expansion.
- Gateway Between Europe & Asia: Strategic location for trade with EU, CIS, and Middle Eastern markets.
- Free Industrial Zones (FIZs): 0% corporate tax and customs duty incentives for export-oriented businesses.
- Trade Agreements: Access to EU, EFTA, CIS, China, and Turkey markets with preferential tariffs.
- Investor-Friendly Policies: Simplified registration, 100% foreign ownership, and repatriation of profits.
- Logistics & Infrastructure: Ports in Poti and Batumi, modern highways, and growing air cargo facilities.
- Sector Opportunities: IT, manufacturing, agriculture, tourism, and logistics are highly export-oriented.
Partner Services & Add-ons
Registered Agent Service
Required for all LLCs in Georgia, this service ensures compliance by receiving legal documents on behalf of your company.
Estimated Cost: $25β$100 per year
LLC Formation Package
Complete service to legally create your LLC including state filing fees and important documents.
Estimated Cost: $230β$300
Virtual Office & Mail Scanning
Provides a professional business address and digital mail forwarding, enhancing privacy and professionalism.
Estimated Cost: $19β$99 per year
Annual Registration Filing
Mandatory for keep your LLC's operating status in Georgia.
Estimated Cost: $50β$60
Trademark Registration
Secures your brand identity by registering your business name or logo with the U.S. Patent and Trademark Office.
Estimated Cost: $249β$300
Business License Research
Helps you obtain the required local, state and federal permits and licenses for your business.
Estimated Cost: $99β$150
FAQs β Georgia Company Registration
You can create a Limited Liability Company (LLC) or a Joint Stock Company (JSC). LLCs are the most popular due to their flexibility and low capital requirements and a simple structure for management which makes them perfect for SMEs and startups. JSCs are ideal for large companies that plan to raise capital through shares.
Yes, Georgia permits all foreign ownership which means that non-residents are able to create, own and run a company without having to have a local partner. This is what makes Georgia extremely attractive to international investors.
The process of registering a company In Georgia is quick and effective. In general, it takes between 1 and 5 working days to finish the process if all the documents must be in place. Remote registration is also available by utilizing the use of a Power of Attorney.
Required documents include:
- Passport copies of all shareholders and directors
- Proof of residential address
- Articles of Association (company charter)
- Power of Attorney if using a local agent to register remotely
- Optional: Bank reference letters or additional documents for specific business activities
Absolutely, Georgia permits online registration for companies that makes it easy for foreign-based entrepreneurs. You can allow a local attorney or a local service provider through a Power of Attorney to manage all aspects of the process, including filing paperwork through Georgia's National Agency of Public Registry.
Georgia offers several tax advantages:
- 0% corporate tax on reinvested profits
- Free Industrial Zones (FIZs) with zero corporate tax and customs duty for exports
- Simplified VAT system with a standard rate of 18%
- Personal income tax at a flat rate of 20%
- These incentives make Georgia highly attractive for both local and foreign investors.
Yes, foreign-owned corporations are able to create Corporate bank accounts. A lot of Georgian banks provide remote opening of accounts using video confirmation. It is common to require company documentation, shareholder/director identity identification of address and details of business activities.
Start Your Company in Georgia Today
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