Establishing a new business entity in Tbilisi, Georgia, can be a streamlined and efficient process with the right support. Our company specializes in helping clients set up Limited Liability Companies (LLC) and Joint Stock Companies (JSC) in Tbilisi, ensuring compliance with local regulations and optimizing the process for speed and efficiency. Here’s how we can assist you in establishing a new LLC or JSC in Tbilisi.
1. Initial Consultation and Planning
Our process begins with an initial consultation where we discuss your business goals, operational needs, and the most suitable business structure for your venture. We provide expert advice on whether an LLC or JSC is the best fit for your business, considering factors such as the number of shareholders, capital requirements, and liability concerns.
2. Name Check and Documentation
Once the business structure is decided, we assist in name check of a unique company name with the National Agency of Public Registry (NAPR). Concurrently, we help prepare all necessary documentation, including the company charter, shareholder agreements, and any other required forms. We ensure all documents are compliant with Georgian laws and meet the specific requirements of your business.
3. Registration with Authorities
We handle the entire registration process with the NAPR, submitting all necessary documents on your behalf. This includes paying any associated fees and ensuring that the registration is processed smoothly. Typically, the registration process can be completed within a few days.
4. Tax Registration and Compliance
Following successful registration, we assist in obtaining a Tax Identification Number (TIN) and registering the company for VAT or Reverse Charge VAT, if applicable. Our team ensures that your company is compliant with all Georgian tax regulations from the outset, providing peace of mind and allowing you to focus on your core business activities.
5. Opening a Bank Account
We facilitate the opening of a corporate bank account with a local bank in Tbilisi. Our established relationships with major banks ensure a seamless KYC and account opening process, providing you with essential banking services to support your business operations.
6. Office Setup and Economic Substance
We help you find an appropriate office space that meets the economic substance requirements in Georgia in cases when virtual office service is not enough. Our services include searching for suitable offices, negotiating rent conditions, overseeing necessary modifications, and assisting with equipping the office with IT and furniture. Regular management of the office can also be provided, allowing you to concentrate on your primary business activities.
Acquiring a Ready-Made LLC or JSC and Transferring Ownership
Alternatively, if you prefer to acquire a ready-made company, we offer services to facilitate the purchase and transfer of existing LLCs. Here’s how the process works:
1. Selection of Ready-Made Company
We maintain a database of ready-made companies that are fully compliant with Georgian regulations and are available for immediate transfer. We assist you in selecting a company that meets your business requirements and preferences.
2. Due Diligence
Our team conducts thorough due diligence on the selected company to ensure there are no outstanding liabilities or legal issues. We provide you with a detailed report, giving you a clear understanding of the company’s status.
3. Preparation of Transfer Documents
We prepare all necessary documents to facilitate the transfer of ownership, including the power of attorney, transfer agreements, and any other required forms. We ensure all documents are legally sound and accurately reflect the terms of the transfer.
4. Execution of Transfer
With the power of attorney, fater legal translation and notarial deed we can execute the transfer of ownership on your behalf. This includes updating the company’s registration details with the NAPR and notifying relevant authorities of the change in ownership.
5. Post-Transfer Support
After the transfer is complete, we provide ongoing support to ensure a smooth transition. This includes updating banking details, transferring any existing contracts, and ensuring compliance with all regulatory requirements.
Establishing a new LLC or JSC, or acquiring a ready-made company in Tbilisi, Georgia, is a process that can be efficiently managed with our professional assistance. From initial consultation to post-transfer support, we provide comprehensive services to ensure your business setup or acquisition is seamless and compliant with all local regulations. Partner with us to leverage our expertise and focus on growing your business while we handle the complexities of company establishment and transfer.