Business registration in Georgia in 2023

Registering a business in Georgia in 2023 is quick and easy. To do this, you need to apply to the House of Justice, which has branches in many Georgian cities, collect the necessary documents, and rent an office (virtual office is acceptable).

Step 1. Georgian address

To open a business in Georgia you will definitely need a legal address registered in the country. The peculiarity of this requirement is that the address cannot be a rented premises. The property must belong to the business owner, his or her company or legal representative. To solve this problem, you can rent a virtual office by contacting our company. Here you will receive letters from the state authorities, and we will forward them to you.

Step 2: Translator

All documents must be in Georgian, so you will need an interpreter. They not only have to translate the text, but also cooperate with notary, in order to be able to notarize it.

Step 3: Choose a form of registration

There are different legal forms of business that can be created in Georgia. The most popular are:

• LLC - number of owners from 1 to 50 people, minimum amount of capital is 200 lari, liability of partners is limited to a share in the capital.
• Limited Liability Partnership - one or more partners. Minimum capital is not required, liability is limited for some and unlimited for other board members (depends on the conditions in the founding papers).
• Sole proprietorship - no minimum share capital is required, the entrepreneur is fully liable for his debts.
• Joint-stock company - one or more partners, minimum basic capital 15 thousand lari. Shareholders are not liable for obligations of the JSC, only within the limits of assets.
• Limited Partnership - one or more owners, minimum capital is not required. Limited partners are liable to creditors within the limits of their investments. The general partners are personally liable for the debts of the company.

Step 4: Collection of documents

What kind of paperwork to file depends on the form of company registration in Georgia in 2023. If it's an LLC, you'll need:

• An application to start a business.
• Incorporation papers.
• A copy of your passport, notarized.
• A receipt that confirms payment of the registration fee.
• If the business needs a license, other permits, they must be provided.

Step 5. Registration with the Tax Authorities

To register a company with the tax office, you need the following documents:

• An application for registration as a taxpayer;
• A copy of incorporation documents;
• Copy of the passport of the business owner;
• Confirmation of the legal address.
• When the documents are executed, the company will receive an identification number (ID).

Step 6. Opening a corporate account in Georgia

During the process of business registration you need to open an account in a Georgian bank. If you open an LLC, you need to indicate the tax number of the company. When registering as an individual entrepreneur, you can open an account in your own name. You will need to send all account details to the Tax Office.

How to start a company in Georgia fast

To open a business in Georgia in 2023, contact IT-OFFSHORE experts.