Offshore Company Registration in Georgia
Capital: Tbilisi.
Official language: Georgian.
Currency: Lari.
Advantages of Company Registration:
- Quick registration process.
- Straightforward tax system with fixed tax rates.
- Absence of currency control and restrictions on capital withdrawal from the country.
- Convenient location and logistics for conducting activities in the CIS countries.
Georgia is a country located in the western part of the South Caucasus on the eastern coast of the Black Sea. It belongs to Eastern Europe and Western Asia. Although Georgia is not a typical offshore jurisdiction, it offers benefits and advantages that distinguish it favorably from other European countries. Georgia offers a low corporate tax rate of 15%.
Another option is available. Register a company in a special zone designed to stimulate investment and business with more favorable tax conditions, including exemptions from taxes and customs duties.
Taxation and Reporting Features
Corporate Income Tax:
- Standard rate: 15%
- Reduced rates for small businesses and startups
- Tax incentives for reinvestment of profits
VAT:
- Standard rate: 18%
- Exemptions for certain goods and services
- 0% on exports
Dividends:
- No withholding tax for non-residents
- Favorable conditions for reinvestment
Company registration in Georgia is a streamlined process, facilitated through the National Agency of Public Registry. The approved company name must be submitted for authorization in this system.
To register a company, the application signed by the director must be submitted, including essential company details. This application should be accompanied by a set of documents such as the articles of association, declarations, copies of passports, and Tax IDs of shareholders and directors.
Once the company is incorporated, the registration details are published in the Georgian Business Registry. Completing registration requires enrollment with tax and social security authorities.
At the time of registration, the company must have:
- A Tax Identification Number obtained from the revenue service — necessary for tax purposes and opening a bank account.
- Articles of Association certified by the public registry or a notary.
- A bank statement confirming sufficient capital for company establishment. It should list the company name, shareholders, and their equity shares.
- A receipt for the registration fee paid to the Revenue Service.
Public Limited (PLC)
- Limited liability
- Minimum 1 director / 1 shareholder
- Simple business structure
Tax Rates for Offshore Companies in Georgia
Additional information
- Financial reporting: Mandatory annually
- Audit: Mandatory for all companies in Georgia
- Annual Return: Within 42 days after the anniversary of incorporation
- Tax return: Corporate Income Tax Return
- Employer's Return: Required if there are employees
- Registers: Shareholders and directors (mandatory recording)
- Directors' details Publicly accessible in the registry
- Shareholders' details Publicly accessible
- Financial reporting Confidential (not publicly disclosed)
Timeline and Stages
- 01
Preparation of documents and choosing a company name
1-2 days - 02
Conducting a name search in the Company Registry
1 day - 03
Submission of documents online or in person
1 day - 04
Receiving CI and Business Registration certificates
10 days - 05
Setting up a corporate bank account
2-4 weeks
Conclusion
Every business is unique, and registering a company in Georgia should be based on specific needs and the enterprise's strategy. We recommend consulting with qualified IT-OFFSHORE specialists who have experience working with Georgian jurisdiction and can quickly register your company in this country.
We offer legal support during company registration and a wide range of services, including accounting services, nominee services, and complete company support after registration. Thus, we provide comprehensive year-round servicing of your company.
Cost calculation
Add the required options for your company:
FAQ
Can you register a company remotely?
Yes, in most cases — you can.
Remote company registration is available in the vast majority of popular jurisdictions today. Modern corporate services, electronic document management and professional registered agents make it possible to complete the entire registration process without being physically present in the country.
The process typically works as follows: you provide the required documents electronically, sign them remotely — via a notary, apostille or electronic signature — and a local registered agent handles all communication with government authorities and document submission on your behalf.
This has been made possible by several factors: most countries allow foreign founders and directors, corporate service providers operate remotely across the globe, and the digitisation of government registries has significantly streamlined and accelerated the procedures.
The one step that may still require in-person presence is opening a corporate bank account — however, even here many banks and fintech platforms now offer remote identity verification.
What documents are needed for registration?
Registering a company in most jurisdictions requires a standard set of documents. For individuals — founders and directors — the typical requirements include: a certified copy of a passport, proof of residential address (utility bill or bank statement no older than 3 months), and in some cases a bank reference letter or CV.
For corporate shareholders, the required documents include: certificate of incorporation, articles of association, register of directors and shareholders, and confirmation of the ownership structure.
Do I need to keep accounting records and submit reports?
Accounting and reporting requirements vary significantly depending on the jurisdiction. In most countries, companies are required to maintain proper bookkeeping, file annual financial statements and submit tax returns.
At the same time, there are a number of jurisdictions where reporting requirements are minimal or effectively non-existent for non-resident companies. These include, for example, the Marshall Islands, the Cook Islands, Panama, Belize, Seychelles and Vanuatu — in these countries, companies that do not conduct business within the territory of the registration state are generally exempt from mandatory financial reporting and audit requirements.
We provide full company administration services, including preparation and submission of annual reports, liaison with local authorities and ensuring full compliance with all corporate requirements of the jurisdiction.
Is it possible to open a bank account for a company?
Yes, opening a corporate bank account is possible for virtually any jurisdiction, however this process deserves careful attention. Today businesses have two main options: traditional banks and fintech platforms.
Traditional banks offer a full range of financial services, but account opening requirements have become increasingly stringent — KYC procedures, source of funds confirmation, business plans and in some cases in-person presence may be required. Fintech platforms — such as Wise, Airwallex, Revolut Business and others — open accounts significantly faster and remotely, making them a popular solution for international companies at an early stage.
Is it possible to use nominee directors?
Yes, the use of nominee directors and shareholders is a common and legitimate practice in international corporate structuring. A nominee director is formally listed in the company registry but acts exclusively in accordance with the instructions of the beneficial owner, providing an additional layer of privacy.
This service is particularly in demand in jurisdictions where information about directors and shareholders is entered into a public register — for example, in Cyprus, the United Kingdom, Malta and a number of other EU countries. In offshore jurisdictions, nominee services are also widely used to simplify corporate governance and protect ownership structures.
We provide nominee director and shareholder services for any jurisdiction we work with.
