Georgia has had the highest economic growth in the region in the past few years, ranking sixth in the world for the best investment opportunities in the World Bank's view, as well as Georgia's third largest in terms of ease of doing business and twelfth in trade. It has a free world and due to the good conditions of this country in international political, trade relations as well as extremely high social and economic security along with the good treatment of its people with foreign nationals, the attention of many investors and those interested in launching businesses.
More than 90 percent of economic activity in the country requires company registration. You can get company registration licenses anywhere in the country, even small cities. Business ownership in Georgia is 100% for foreigners, and you do not need to have a Georgian to be a member of your business. Since the most popular type of company in Georgia is a limited liability company, first we will introduce it in full and at the end we will give a brief explanation about other companies.
After visiting the Sisno Group office, they will set up a free consultation with our lawyers to get the company's articles of association and chart and complete the relevant forms, and at the same time your passports will be sent to the official translation offices to be translated into Georgian. After preparing the documents and completing the forms, which take about half a day, we go to the Public Services Department with the lawyer, and after taking our turn, we sign the application documents in front of the operators of the Public Services Department. Then we pay the government fees related to the registration of the company. preparing the company's license will take 24 working hours, after that the first thing to do is to go to the tax office to receive the tax code for the company, and at this stage, our experts will accompany you, and this will take less than half a day. The next step is tax advice. When you plan to activate your company, a free consultation will be arranged with a reputable Georgian official accountant, after which you can hire an official accountant and receive the tax system and tax report machine (aparat).
In Georgia, more than 95% of companies are of this type, and you need at least one shareholder to register the company, who can also be the CEO. Given that the difference between the types of companies in the place of supply and how to meet the obligations, the registration of a limited liability company in Georgia is the most popular company registration in this country because the CEO of the company, if necessary, to meet the obligation or debt, Only the shareholders' assets in the company are allowed to withdraw, and the shareholders have no obligation to pay from their personal property.
The presence of shareholders with the original passport
Official translation of passport for shareholders' in Georgian language (done in Georgia)
Formulation of the company's official articles of association in Georgian and English languages (regulated by Sisno Group lawyers)
Click here for more information about the tax machine (aparat) in Georgia
The legal department of Sisno Group, with the help of experienced lawyers in legal affairs, does all the work related to the registration of the company with only 300 US dollars, which includes the following:
Business startup consultation
Set up a formal statute
Carrying out matters related to company registration in the Public Services Department
Registration with the tax office and obtaining a tax code
Introduce to the accountant to receive free tax advice
Consulting and accompanying in receiving the tax machine (aparat)
Pay all government expenses
In this case, which is related to the activities of the real person, there is no payment of salary or contract to transfer to another person. For example, an accountant who does official accounting for one or more companies can do this if he does all the work himself and receives a salary for it, but if the same accountant wants to do some of his work to other people. Transfer and pay them must register the company.
: Limited partnership means that in this company the shareholders are divided into two categories of so-called full shareholders and limited shareholders, and the company must have at least one full shareholder to register. As I explained earlier, the main difference between companies is in dealing with liabilities. In this type of company, the full shareholder is liable for the company's liabilities in addition to the company's assets from his personal assets, but the limited shareholder is only liable for his liabilities. The company is responsible.
This company, which is very difficult to register at first for a start-up group, is a large company with high capital, which is generally listed on the stock market and is the responsibility of shareholders in. It is only with the company's assets.
is exactly the same as LLC, except that shareholders are liable for personal liabilities in addition to the company's assets.
This group, which is not considered a company, is basically a group of people who have come together to do a job and a goal. For example, there is a group of people who own a land and want to find a builder for their land who will build a part for them and keep the rest for themselves. This group is called cooperation.