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How to open a company in Georgia

How to open a company in Georgia

2019-01-09
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Georgia is a sought-after jurisdiction for registering a business, as the country has not signed an agreement on the automatic exchange of information. The state has a developed infrastructure and a convenient enough location for the organization of international trade.

Features of company registration in the country

To register a company in the country, a relatively small share capital is required, which is 200 lari, or about $ 115. If necessary, obtaining a license to operate will require a higher share capital. So, when you make a Forex license in the country, you may need a share capital of more than 170,000 dollars.

The company is registered once, after which an annual update is not required. Total shareholders can be from 1 to 50. The company can be opened by non-residents. What will be required to register a company:
• Choosing the type of company - the most common option is an LLC;
• Collection of required data on beneficiaries and directors;
• Personal visit to the country to process documents or perform actions remotely.

Before opening a company, it is important to consider taxation in Georgia. Income tax is 20%, dividend tax - 15%, value added tax - 18%. It will be required to periodically submit reports. To open a company in the country, contact our IT - OFFSHORE specialists. We will help you collect the documents and answer all your questions about the choice of jurisdiction and business registration.

The advantages of registering a company in Georgia

The main advantage of doing business in this country is a convenient location, next to Russia, Kazakhstan, Ukraine, Turkey and the EU. Russian is common in this jurisdiction. The company can be serviced remotely, firms located in the free economic zone are exempt from a number of tax payments.

For registration, a small number of documents will be required - identity document, statement, company charter, lease agreement for the premises where the organization’s office will be located, documents confirming payment of the state fee. Learn more about the registration procedure can be our lawyers.

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