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Company registration in Georgia

Company registration in Georgia

Company registration in Georgia

If you are looking to register a company in Georgia, you should know that Georgia has had the highest economic growth rate among the countries in the region in the past few years, and from the point of view of the World Bank, it is ranked sixth in the world in terms of having the best investment opportunities. Also, Georgia ranks third in the world in ease of starting a business and ranks 12th in global free trade. Due to the good conditions of this country in international political and commercial relations, as well as extremely high social and economic security, along with the good attitude of the people of this country to foreigners, it has attracted the attention of many investors and those interested in starting a business from all over the world and has caused the growth of company registration statistics in Georgia.

company registration in georgia

More information about company registration in Georgia

To carry out more than 90% of economic activities, it is necessary to register a company in Georgia. You can see company registration licences anywhere in the country, even small stalls in the city. A very important point about registering a company in Georgia is that business ownership in this country is 100% for foreigners, and you do not need native (Georgian) people as members of your business for anything. Since the most popular type of company in Georgia is the limited liability company, first, we introduce it in full, and at the end, we give a brief explanation about other types of companies.

Limited Liability Company (LLC):

If you are looking to register a company in Georgia, you should know that in this country more than 95% of companies are of limited liability type and you need at least one shareholder to register this company, and that person can also be the CEO. Due to the fact that the difference in the type of companies is in the place of provision and the way of responding to the obligations, therefore, the registration of a limited liability company is the most popular type of company registration in Georgia, because the CEO of the company, if he needs to respond to the obligation or debt, can only from the location of the assets. Shareholders in the company are allowed to withdraw and shareholders have no obligation to pay from their personal property.

Documents required for limited liability company registration in Georgia:

  • 1

    Attendance of shareholders with the original passport

  • 2

    Official translation of shareholders' passports into Georgian (done in Georgia)

  • 3

    Drafting of the company's official articles of association in Georgian and the second language spoken by the shareholders (prepared by SisnoGroup lawyers)

Company registration process in Georgia:

After visiting the SisnoGroup office to receive free advice, if you wish to register the company in Georgia with a lawyer, prepare the articles of association and the company chart and complete the relevant forms, and at the same time, the passports of the shareholders will be sent to the official translation offices to be translated into Georgian, and after preparing the documents and filling out the forms, which takes about half a day, go to the Public Utilities Office with a lawyer, and after taking an appointment, sign the documents and submit the application to the Public Utilities Office, and then pay the government fees for company registration in Georgia.

After the preparation of the company registration licence in Georgia after 24 working hours, the first thing to do is to register the subject of the company's activities in the form of special codes approved by the tax department, and the next step is to go to the tax department to get a tax code for the company. At this stage, our experts will accompany you and this will take less than half a day.

The next step, which is your choice, is to arrange a tax consultation. When you plan to activate your company, a free consultation session with an accredited Georgian certified accountant will be arranged for you so that you can learn about taxes and accounting in Georgia, after which you can hire a certified accountant and receive a tax machine.

Company registration in Georgia

We suggest you read more about investment in Georgia

How much does it cost to register a company in Georgia and what services does it include?

With the help of experienced lawyers in legal affairs, the legal department of SisnoGroup performs all matters related to company registration by receiving only US $400, which includes the following:

  • 1

    Business startup consulting and company registration in Georgia

  • 2

    Set up a formal statute

  • 3

    Carrying out matters related to company registration in the Public Utilities Office (mushroom building)

  • 4

    Registration with the tax office and obtaining a tax code

  • 5

    Introduce to the accountant to receive free tax advice

  • 6

    Consulting and accompanying in receiving the tax machine (aparat)

  • 7

    Pay all government expenses

We note again that you do not need to pay any other fees by paying US $400 and this amount includes all government payments and attorney's fees for registering the company in Georgia. A very important point: company registration in Georgia is not a complicated task, in addition to the fact that it has very small points that are important to follow. So please beware of profiteers who want to zoom it to get extra money from you.
Company registration in Georgia

If you are interested in receiving a residence permit, read more about residence in Georgia with company registration

Brief description of the types of companies in Georgia:

Company registration in Georgia is of the type of individual entrepreneur or IE, which stands for Individual Entrepreneur:

In this case, which is related to the activities of a natural person, there is no payment of salary or contract to transfer to another person. For example, an accountant who performs official accounting activities for one or more companies, if he does all the work himself and gets paid for it, he can be included in this type, but if the same accountant wants to transfer part of his work to other people and pay them, he should register the company.

Company registration in Georgia

Company registration in Georgia with limited partnership or LP, which stands for Limited Partnership:

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.

Company registration in Georgia

Company registration in Georgia is of joint stock type or JSC, which stands for Joint Stock Company:

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.

Company registration in Georgia

Company registration in Georgia is of the type of general partnership or GP, which stands for General Partnership:

is exactly the same as LLC, except that shareholders are liable for personal liabilities in addition to the company's assets.

Company registration in Georgia

Cooperative group company registration:

This group, which is not considered a Company registration in Georgia, 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.

register company in Georgia

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