Residence in Georgia with company registration

Obtaining Georgia residency by company registration

One of the best ways for those who want to start a business and at the same time obtain a residence in Georgia is to reside in this country by registering a company, which is the most popular method for those who want to be in this country as entrepreneurs, because in addition to obtaining a residence in Georgia with company registration, they can also set up their own business, which is one of the main concerns of foreigners in any country. Of course, pay attention to the fact that obtaining Georgia residency by company registration has many points that you should pay attention to and get advice from experienced consultants and lawyers. The experts of our company are ready to provide you free advice in obtaining Georgia residency by company registration.

According to the latest immigration law approved on May 30, 2019, if a company has an income of at least 50,000 GEL approved by the Tax Department for each of its foreign employees within a maximum of one year before submitting an application for Georgia residency by company registeration; and if the net salary of the applicant employee is at least 5 times the declared salary of the government, which is about 1,500 GEL, and if his salary taxes have been paid, he can apply for residency.
Now, you may ask this question, why do we say Georgia residency by company registration? The answer is that the owner of a company can also be considered as an employee in the position of CEO or any other position and pays salaries and taxes for himself so that he can apply for Georgia residency by company registration. It should be noted that Georgia residency laws by company registration are very similar to business residency, or on the other hand, it can be said that these 2 residency methods are the same.

For information about Georgia residence permit by work read the relevant article

Documents required to obtain Georgia residency by company registration

1Georgia residency application form by company registration (completed by the lawyer)
2Photo (taken at the Public Utilities Office)
3Translation of the passport into Georgian (prepared in Georgia)
4Clean record certificate
5The original annual turnover report of the company from the Tax Department
6The list of all company employees
7Official work contract with the company
8Official letter confirming the salary amount from the company
9The payment of government fees
10At least 40 days until the time of visa application

Steps for obtaining Georgia residency by company registration

After presence at SisnoGroup Company and receiving free advice from experienced experts, evaluating your conditions for obtaining Georgia residency by comapny registeration will begin, and if you have all the necessary conditions for that, you will be offered to do so. After completing the above documents, go to the Immigration Office with a lawyer and after delivering the documents, choose one of 3 modes: 10 days with a payment of 600 GEL, 20 days with a payment of 450 GEL, or 30 days with a payment of 300 GEL; then we wait until receiving the answer to the Georgia residency byvcompany registration. If the answer is positive, go to the Immigration Office again and the lawyer will submit a request for a residence card to this office, and after 10 working days, your residence card will be ready. The important thing in obtaining Georgia residency by company registration is to correctly complete the relevant documents and forms, so please pay attention to do so under the supervision of an experienced team. After obtaining Georgia residency by company registeration, you can obtain residency for your spouse and children under 18 years old.

Documents required for obtaining residence in Georgia with company registration for family members

1The form completed by the lawyer
2The payment of government fees
3The certificate of the relationship between the applicant with the resident
4A copy of the positive answer for residence or a copy of the residence card of the person holding the residence in Georgia by company registration
5The original passport and the official translation of the passport in Georgian (done in Georgia)
6Clean record certificate
7The presence of the applicant
8At least 40 days until the time of visa application

Frequently asked questions about residency in Georgia with company registration

1Is the presence of the applicant required to apply for residence in Georgia with company registration?

Yes, the applicant must be present to submit the residency application.

2Are Georgian residence permits equal to Georgian work residence permits via company registration?

Yes, the docs are the same in both cases.

3 Does the size of the investment in the company affect the process of obtaining residency in Georgia with company registration?

No, the amount of investment in the company does not affect the process of obtaining residency.

4 Can a shareholder apply for residency in Georgia by registering a corporation without having to pay salaries or pay taxes?

No, being a shareholder alone is not a reason to obtain residency in Georgia, and payroll and payroll taxes must be taken into account for the shareholders.

5Is it possible to submit a residence application for family members after preparing the residence permit or after preparing the residence card?

Immediately after preparing a residence permit in Georgia, you can apply for residence for family members by registering a company, and there is no need to wait until the residence card is ready.

6 Are the costs of the Kurds and the company's turnover also calculated in the minimum 50 thousand lari?

No, only paid income and taxes are calculated at a minimum of 50 thousand GEL.

7 Is residency in Georgia permanent or temporary with company registration?

Residency in Georgia with company registration is temporary residency and usually lasts between one and five years.

If, after reading this article, you have any questions about staying in Georgia by registering a company, our experts are at your side with free advice in this regard.