Georgia has become one of the most popular countries for business registration due to the simplicity of procedures, transparency of the system and attractive tax conditions. Registration of a company here takes only a few days and requires a minimum of documents.
Why choose Georgia for business
Georgia attracts entrepreneurs from different countries due to its simplified legislation and economic stability. It offers low taxes, minimal bureaucracy, and the opportunity to work with international clients without complicated restrictions.
The process of company registration in Georgia is considered one of the fastest and most convenient. This allows you to open a business as soon as possible and get started right away.
Which companies can be registered
There are several forms of doing business available in Georgia. The most common:
- Individual entrepreneur (sole proprietor). Suitable for small businesses where the owner manages everything independently. The registration procedure is as simple as possible, but the owner is responsible for all his property.
- Limited Liability Company (LLC). This is the most popular form for medium and large businesses. The liability of the owners is limited by the amount of their contribution to the authorized capital.
- A branch of a foreign company. If you already have a business in another country, you can open a branch in Georgia. It will be fully controlled by the parent company.
- Joint stock company. This option is used less frequently and is suitable for large projects involving attracting investments through the issue of shares.
The choice of form depends on your goals, the scale of the business and the perceived risks.
Company registration requirements
To start a business successfully, it is important to prepare all the documents in advance and comply with the established requirements. The process is divided into several stages:
- Choosing a company name. The name must be unique and not infringe on the copyrights of other organizations.
- The company’s address. The company must have a registered legal address in Georgia. This can be either a private room or a rented one.
- The authorized capital. For most forms of business, the minimum amount of authorized capital is not set, but it must be specified during registration.
- Constituent documents. Registration will require: The company’s Charter; Documents confirming the identity of the founders; A Power of attorney (if registered by a representative).
- Registration with the tax service. After the company is entered into the register, it is necessary to register as a taxpayer. This is a prerequisite for conducting any activity.
- Opening a bank account. A company needs a corporate bank account to conduct financial transactions. It can be opened at one of the local or international banks operating in Georgia.
- Choosing a tax regime. There are several tax options in Georgia, including preferential terms for small businesses. For example, the status of a “Small entrepreneur” allows you to pay a minimum income tax.
Advantages of registering a company in Georgia
Company registration in Georgia is beneficial not only because of the simplified system, but also due to the following advantages:
- Transparency and security. Georgia has one of the lowest levels of corruption in the region. This creates a comfortable environment for entrepreneurs.
- Benefits for IT and technology businesses. The status of a “virtual zone” allows IT companies to minimize tax costs.
- Convenience of international operations. The absence of currency control gives freedom to work with foreign clients.
- Access to European markets. Thanks to the free trade agreement with the EU, the products of Georgian companies can be exported on favorable terms.
The process of company registration in Georgia does not require much time and effort. However, it is important to familiarize yourself with all the details in advance in order to avoid unforeseen situations.
Company registration in Georgia is a real opportunity for entrepreneurs to start a business in the country with simple and understandable rules. It is enough to prepare the basic documents, choose the appropriate form of business and register in the registry. Thanks to the transparent system and the support of foreign investors, Georgia is becoming an ideal place to implement business projects.