Georgia Company Formation

Opening a company in Georgia

Why start a company in Georgia? What are the advantages in the state of Georgia?
Georgia, a country that is part of the European Union, is a convenient solution for many entrepreneurs.

Georgia is a big and beautiful country, and is a central place for tourism due to the very cheap living in the country.

The local currency is the Georgian lari (GEL).

The local market understands the English language.

Special uses for a company in Georgia
A company for providing international services
Many Internet business owners choose Georgia as the place where they start their company, because the tax rate in Georgia is extremely low, as discussed below.

Real estate company in Georgia
Georgia is a great place for real estate investments, especially in the cities of Tbilisi and Batumi.

One of the ways to invest in real estate in Georgia is through opening a limited company in Georgia.

An intermediary company for the handling of funds from Russia
Since Russia started the war in Ukraine, it is very difficult to get funds from Russia.  It is known that in Georgia they accept Russian receipts. After all, Georgia was part of the Soviet Union.

The process of opening a company in Georgia
Opening a company in Georgia begins with the signing of a notarial power of attorney to open a company by a local agent on our behalf. The document is then sent by courier and the company is established.

In Georgia there is no need for a local director or a local shareholder. In Georgia you also do not need any citizenship or local residency to open a company. You can open a Georgian company even if you are a foreign citizen. This means that it is possible to open the company with 100% shareholding in the name of a foreign citizen - in your name, or even in the name of a foreign company. The director can be foreign and there is no need for a local director.

The company can be opened without the need to deposit equity capital. Therefore, it is not required to open a bank account to open the company.

Free trade zones
Georgia is divided into about 20 free trade zones, which in English are called freezones. A company can be established in each of them.

A free trade zone is a geographical area where the tax is reduced or non-existent, i.e. 0% tax.

It is quite similar to Eilat, in the context of the fact that there is no VAT there.

The levels of regulation on companies located in free trade zones are lower than companies that are not located in free trade zones.

A company that is established in a free trade zone receives a trade license that must be renewed every year, like this one, from the Poti zone:

Opening a bank account in Georgia - current account for the company
After opening the company, it is time to open a current bank account in Georgia for the company.

Opening the bank account is done remotely through a proxy and there is no need to come to the country for this.

Company maintenance
The company requires annual maintenance of payment of fees, annual submissions, local address (which we will provide for you), as well as submissions to the tax authority.

However, all costs in Georgia are low due to the relatively cheap cost of living.

Tax in Georgia
The corporate tax in Georgia is at a very low rate of only 5.75%. However, for companies opened in a free trade zone, the tax rate is 0%.

For sales to the local Georgian market, the VAT is 4%.

Questions and answers
Question: Is it necessary to physically fly to Georgia to open a company in Georgia?
Answer: The entire process is carried out remotely and at no stage is it necessary to physically come to Georgia. There is no need to fly to Georgia to open the company, nor the company's bank account. The entire process of opening the company and the company's bank account is carried out remotely without stepping on Georgian soil.

Question: Who provides the local address for the company in New Georgia?
Answer: We will provide the local address.

Question: How can I find a good accountant who can handle the company in our new Georgia?
Answer: We will connect you with a local accountant.

Question: If I want to come to Georgia to open a bank account, what should I do?
Answer: We will try ahead of time to arrange a meeting for you at the branch in order to sign the account opening forms, so that everything will be in order before you arrive, so that you don't just walk around the city in order to find a branch that will accept you and open a bank account for your new company in Georgia.

Question: What type of company should I open in Georgia?
Answer: This question depends on the purpose of the company in Georgia. If you intend to trade within Georgia, then a limited liability company of the usual type LLC will be enough for you.

However, if you intend to conduct international trade or provide Internet services outside the country, it may be that opening a company in Georgia in one of their free trade zones is relevant for you. The POTI area is very popular due to the convenience of opening the company remotely.

Question: How long does it take to open a company in Georgia?
Answer: The process of opening the company, including signing the power of attorney and sending it, should take about 1-2 weeks. After that, the process of opening a bank account takes between 1-2 weeks, depending on the readiness of the banks to accept the new company as a customer. Of course, these are times that depend on third parties, so this is only an estimate.

Question: Is it possible to open a company in Georgia for a person with American citizenship or a person living in the USA?
Answer: Yes. We know how to open a company in Georgia for a person with American citizenship or a person living in the USA.

Question: How much does it cost to open a company in Georgia?
Answer: Click here to contact us and get an up-to-date quote for free!

Your Georgian company registration is guaranteed by 100% money back.
If we can't open your company, you receive all your money back, no questions asked.