Frequently Asked Questions about Company Registration in Georgia
1. Why do entrepreneurs choose Georgia to open a company?
Georgia offers a simple company registration process, competitive tax system and strategic location between Europe and Asia. Businesses benefit from low bureaucracy, fast registration procedures and access to international markets.
2. Can foreigners register a company in Georgia?
Yes. Foreign individuals and foreign companies can fully own and manage companies in Georgia. There are no restrictions on foreign ownership of Georgian LLC companies.
3. What is the most common type of company in Georgia?
The most common legal form is the Limited Liability Company (LLC). It provides flexibility, limited liability protection and does not require minimum share capital.
4. How long does company registration take in Georgia?
In most cases a Georgian LLC can be registered within 1–2 working days at the Public Registry. Additional services such as bank account opening may require a few more days.
5. Can I register a company in Georgia remotely?
Yes. Company registration can be completed remotely through a notarized Power of Attorney. Many international entrepreneurs use this method without visiting Georgia.
6. What documents are required to register a company?
Typically a passport copy of shareholders and directors, a legal address in Georgia, and company founding documents such as the charter and founding agreement are required.
7. Is a legal address required for a Georgian company?
Yes. Every company must have a registered legal address in Georgia. This address is used for official communication with authorities and government agencies.
8. Is there a minimum capital requirement for an LLC?
No. Georgian law does not require a minimum share capital for Limited Liability Companies.
9. What taxes do companies pay in Georgia?
Corporate profit tax is generally 15% but is usually payable only when profits are distributed. Dividends are subject to a 5% tax. VAT is 18% when applicable.
10. What is the Virtual Zone Status in Georgia?
Virtual Zone Status is a special regime for IT companies providing services abroad. Qualified companies may benefit from 0% corporate income tax on foreign income.
11. Can I open a corporate bank account in Georgia?
Yes. Georgian companies can open corporate bank accounts in local banks such as Bank of Georgia or TBC Bank. Banks conduct standard KYC procedures before opening accounts.
12. Do I need to travel to Georgia to open a bank account?
In many cases the company director is required to attend a bank interview for KYC procedures, although some preparation steps can be completed remotely.
13. What is a ready-made company in Georgia?
A ready-made company is an already registered company with no business activity. Ownership can be transferred to the new owner, allowing business operations to start immediately.
14. What are the advantages of buying a ready-made company?
Ready-made companies save time because the company already exists and the ownership transfer can be completed quickly. This allows entrepreneurs to begin operations without delay.
15. Can a Georgian company operate internationally?
Yes. Many Georgian companies provide services or sell goods internationally. Georgia has several free trade agreements and strong international trade connections.
16. Can a Georgian company help obtain a residence permit?
Yes. Entrepreneurs who operate a business in Georgia may apply for a business residence permit if the company meets certain turnover and operational requirements.
17. What is an Individual Entrepreneur in Georgia?
An Individual Entrepreneur is a simplified business structure commonly used by freelancers and small business owners. Under certain conditions it can qualify for a 1% tax regime.
18. What is Small Business Status in Georgia?
Small Business Status allows Individual Entrepreneurs to pay only 1% income tax if their annual turnover does not exceed 500,000 GEL.
19. Do I need employees to run a Georgian company?
No. A Georgian company can operate with only one shareholder and one director, who may be the same individual.
20. What authority registers companies in Georgia?
Companies are registered with the National Agency of Public Registry through the Public Service Hall.
21. What is the Revenue Service portal?
The Revenue Service portal (RS.ge) is the online platform where companies submit tax declarations and manage their tax obligations.
22. Are accounting services required for Georgian companies?
Yes. Companies must maintain accounting records and submit monthly tax declarations, even if there is no activity during the reporting period.
23. Can a company in Georgia have foreign directors?
Yes. Directors and shareholders of Georgian companies may be foreign nationals without residency requirements.
24. Is Georgia a good location for international business?
Georgia’s strategic position between Europe and Asia, combined with its liberal economic policies and growing IT sector, makes it an attractive location for international companies.
25. How can we assist with company registration in Georgia?
Our team provides full assistance including company registration, preparation of legal documents, legal address services, tax registration, accounting support and bank account setup.