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.

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.

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.

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 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 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 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.

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.

Brand registration in Georgia

People who want to do business professionally usually have one of the concerns of registering the brand they are working with. Even some people do not start their activity before registering a brand because it is a very important issue.They know it.
Brand registration in Georgia is also subject to international law.

What are the requirements for brand registration?

The only condition for registering a brand in Georgia is that the registrar be a legal entity (company) or a natural person residing in Georgia. That is, if you intend to register a brand in the name of a natural person, that person must reside in Georgia, otherwise the applicant must be a legal entity (company). If you have any questions after reading this text, Sisno Group legal experts will be by your side for a free consultation.

Since brand registration is a very specialized topic, it is preferable to consult with experienced lawyers of sisno group through telephone or face-to-face counseling, but here we will talk briefly about the duration, conditions and cost. First of all, it is better to open the issue that there are 20 general branches of activity for brand registration, that is, you can choose one or more of your desired 20 branches. Brand registration takes 10 working days, and the cost of registering a brand in a branch is $ 1,200, and $ 500 is added to each issue.

FAQ about company registration in Georgia:

1 Should we pay taxes immediately after we register the company?

No, you only have to pay taxes when your company has started operating.

2To register a company, do you need to rent or buy an office or shop and then register the company at that address?

No, if you have not yet found an address for yourself, you can use the ready-made addresses called legal address available, which will be given to you in a very small amount, and then you can change your location.

3 If the company does not operate, will it be subject to a fine?

No, not at all.

4 Should choosing a name for a company be unique?

No, in this country, the principle of uniqueness is based on the company's registration code, and it does not matter how many companies are registered under the same name.

5Is it possible to obtain residency through company registration in Georgia?

Yes, but note that receiving a residence permit through a company registration in Georgia is not immediate, and you can apply after the company has been active for some time and has paid its taxes. If you have any questions after reading this text, Sisno Group legal experts will be by your side for a free consultation.