Company Registration in Georgia

No. Georgia does not impose any minimum charter capital requirement for registering an LLC. This allows entrepreneurs to establish a company with greater flexibility and lower initial investment requirements compared to many other jurisdictions.

Yes. Foreign individuals and companies can establish a Georgian company with 100% foreign ownership. There is no requirement for a local shareholder, local partner, or resident director, making Company Registration in Georgia for foreigners straightforward and investor-friendly.

The process of company registration in Georgia is one of the fastest in the region and can usually be completed within one business day. Express same-day registration services are also available. For foreign investors, the overall timeline may go up to 1 to 5 days mainly depending on additional procedures such as corporate bank account opening and compliance checks.

Companies in Georgia are registered with the National Agency of Public Registry (NAPR), operating under the Ministry of Justice of Georgia. Applications can be submitted through Public Service Halls and Houses of Justice, which provide centralized government services for business registration.

Yes. Entrepreneurs who cannot travel to Georgia can complete the incorporation process remotely through a representative. A properly notarized and apostilled Power of Attorney (POA) allows an authorized person to submit documents and complete registration formalities on behalf of the applicant.

Georgia follows a competitive corporate taxation system with a 15% corporate tax rate. The tax generally applies only when profits are distributed to shareholders, while retained and reinvested profits are not subject to corporate income tax, encouraging business expansion and reinvestment.

The standard Value Added Tax (VAT) rate in Georgia is 18%. Businesses must register for VAT when their taxable turnover exceeds GEL 100,000 during any continuous 12-month period. Registered VAT taxpayers can claim input VAT credits on eligible business expenses.

Virtual Zone status is a special incentive available for eligible IT companies operating in Georgia. Qualifying companies providing IT services to customers outside Georgia may benefit from 0% corporate tax on qualifying foreign-sourced IT income along with VAT exemptions on certain exported services.

International Company status is a preferential tax regime designed for eligible companies in sectors such as IT and maritime services. Qualified companies may benefit from a reduced 5% corporate income tax rate and 5% personal income tax rate, provided they meet required substance and eligibility conditions.

No. Georgia does not require companies to appoint a resident director. Both shareholders and directors can be non-residents, allowing foreign entrepreneurs to establish and manage a Georgian company without relocating.

No. Physical presence is not mandatory for company incorporation. Foreign investors can complete the process remotely through an authorized representative using a Power of Attorney. However, visiting Georgia may be beneficial for certain banking procedures and business networking opportunities.

Opening a corporate bank account generally takes around 1–3 weeks, depending on the selected bank and completion of Know Your Customer (KYC) and compliance checks. Foreign-owned companies may undergo additional verification procedures before account approval.

No. Georgia is not currently an EU member but obtained EU candidate country status in 2023. It has a Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU, providing businesses with improved access to European markets. The official currency of Georgia is the Georgian Lari (GEL).

Required documents include passport copies, address proof, contact details of shareholders, director/shareholder IDs, and a Power of Attorney for remote registration. Corporate shareholders must provide incorporation documents, constitutional documents, and a board resolution authorizing registration.