Company Formation in Georgia

How long does it take to form a company in Georgia?

It would be not fair to set your expectations high and assume that the incorporation can be completed within a day. In some jurisdictions, it is extraordinarily fast (for example, in Estonia) and in some - slower. It all boils down to one thing: When are the necessary (basic) documents ready? The process is counted from the moment we have all the needed documents. Please consult with our consultants to understand what documents you need to kick-start the process.

• 1-3 working days if all requirements are complete;
• 5-7 days for remote incorporation (this will include the time allotted for apostil of important documents;
• Additional days will be allotted if you also want to include a bank account opening.

Procedure to prepare the registration of a company in Georgia

The registration process of a company in Georgia with LegalBison is very simple. There are only 3 main steps:

• Initial consultation and agreement;
• Payment of the full invoice;
• Discuss whether you will need to appoint a registered agent.

There is also no minimum required capital.

Note: The most recognized business structures in Georgia is the Limited Liability Company (LLC) and the Individual Enterprise.

Can I form a company in Georgia remotely?

Georgia allows for total remote incorporation, including the opening of a bank account for the company.

Aside from the necessary authorizations and POA, what is only required is the certified signature samples of the shareholders and directors.

Necessary information to begin with company formation in Georgia

• 3 options of your desired name for the company and a company contact email address;
• Names, addresses, and emails of all shareholders and board members;
• Short description of your company’s activity.

Without VAT number in Georgia

A company that is not subject to mandatory VAT registration will be liable for a fixed tax instead.

With VAT number in Georgia

VAT registration is either voluntary or mandatory. Any company may voluntarily apply for VAT registration but is mandated to do so if its VAT-taxable transactions for the previous 12 months have reached at least GEL 100,000.

The VAT rate is at 18%. VAT returns and payments must also be done monthly.

Required documents to provide to register a company in Georgia

• Passport copies (scans) of all directors and shareholders, also a beneficiary owner if applicable;
• A Power of Attorney (POA) from (all) partners/shareholders is needed (in case of a remote company registration);
• Certified company documents (in case at least one of the shareholders is going to be a foreign company).