Company Formation in Georgia

Costs, Benefits, Tax System, and Procedure

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Company Formation Packages in Georgia

 

Package “LLC — Limited Liability Company”

Price: €1,900

Included services:

  • Full company registration with the Public Service Hall (PSH).
  • Business bank account (IBAN/SWIFT, online banking, debit card).
  • Personal bank account (IBAN/SWIFT, online banking, debit card).
  • Tax registration and taxpayer setup.
  • Preparation and submission of all corporate documents.
  • Remote registration by Power of Attorney — no personal presence required.
  • Worldwide delivery of original documents to your location.

Registration time: 2–4 business days.
Optional: Express registration available within 1 day (extra fee applies).

Details

 

Package “Individual Entrepreneur” (Sole Proprietor)

Price: €1,600

Included services:

  • Registration of the Individual Entrepreneur (IE) status.
  • Issuance of Georgian Tax ID (TIN).
  • Opening of both business and personal bank accounts.
  • Full tax registration and reporting setup.
  • Remote registration by Power of Attorney — completely online.
  • Delivery of all official documents to your city.

Registration time: 2–3 business days.

Details

 

Additional Services

Price: €600

Personal Bank Account Only

  • Remote account opening
  • IBAN/SWIFT, online banking, debit card
  • Worldwide document and card delivery

3.2 IT & Digital Companies — Tax-Exempt Status

Virtual Zone Person (VZP)

  • 1% corporate income tax
  • 2% VAT on IT services provided abroad
  • 5% dividend tax (only upon distribution)
  • Lifetime certificate validity

International Company

  • 5% corporate income tax
  • 3% dividend tax
  • 5% payroll tax
  • 4% property tax
  • 98% of annual income must come from IT or maritime activities

Price for obtaining IT or International Company status: upon request

Details

Bonus — Full Support & Assistance

  • Step-by-step guidance through all registration stages.
  • Direct communication with Georgian banks and Revenue Service.
  • Consulting on optimal tax regimes and corporate structure.
  • Document verification and certified Georgian translation.
  • Ongoing post-registration support: accounting, renewals, and licensing.

Key Advantages of Registering a Company in Georgia

  • Favorable Tax Environment

    • Low tax rates and multiple incentives
    • Free Industrial Zones
    • Unique corporate tax model: corporate tax is payable only when profits are distributed as dividends — not annually

    Minimal Bureaucracy

    • Fast, straightforward registration procedure with minimal red tape

    Extensive Double Taxation Treaty Network

    • Agreements with 58 countries facilitate international business operations

    Low Corruption and Administrative Burden

    • Transparent environment and simplified regulations compared to the EU

    Cost Efficiency

    • Lower labor and operational costs reduce business expenses

    Strategic Location

    • Situated on the Black Sea, Georgia is a vital trade hub connecting Europe and Asia via the modern Silk Road

    High Investment Potential

    • Particularly in tourism, real estate, agriculture, manufacturing, IT, and outsourcing

    Free Trade Agreements

    • With EFTA countries and China

Why Us?

  • 25 years of experience in international company formation

  • Skilled and reliable administrative services

  • Multilingual support

  • German quality standards

Book a Consultation

 

Company Registration Procedure

The registration is performed at the Public Service Hall (PSH) under the Ministry of Justice.

 

Processing time:

  • Standard registration: usually completed within one business day, with confirmation available the following day.
  • Express service: same-day registration available at an additional fee.

 

Remote Company Formation in Georgia for Non-Residents

We make it simple for non-residents to establish a company in Georgia—completely remotely. Our comprehensive services include:

  • Company Name Reservation – Secure your preferred business name quickly and efficiently.
  • Document Preparation & Submission – We handle all filings with the Georgian Public Registry.
  • Power of Attorney Assistance – Drafting, notarization, and apostille in your home country for full legal compliance.
  • Registered & Virtual Office Services – Provide a legal business address in Georgia without physical presence.
  • Bank Account Setup Support – Optional assistance in opening a Georgian bank account to get your operations running smoothly.

 

 

The Exact List Depends on Several Factors

  • Whether shareholders/directors are individuals or legal entities
  • Presence in Georgia or representation by a power of attorney
  • Use of standard or customized incorporation documents

For Single Shareholders/Directors Present in Georgia

  • Foundation agreement (bilingual, Georgian and English, signed before PSH representative)
  • Passport copies (with notarized Georgian translation if required)
  • Owner’s consent for legal address (notarized or signed at PSH)
  • Translator’s verification of document accuracy
  • Proof of registration fee payment

If the Shareholder/Director Is Not Present in Georgia

  • Apostilled or legalized Power of Attorney (PoA) and passport copies

If a Foreign Company Is a Shareholder

  • Extract from company registry
  • Articles of association showing authority to establish a subsidiary
  • Shareholder resolution authorizing the setup and appointing directors
  • Power of Attorney
  • Copies of ID/passports of decision-makers
  • All documents apostilled or legalized depending on country of origin

 

Business Account Opening After Registration

After registration, the director or authorized representative can open a business account at Bank of Georgia or TBC Bank (recommended).

Required Documents

  • Company registration certificate
  • Passport
  • Power of Attorney (if applicable)
  • Bank’s standard application form

Processing Notes

  • Processing usually takes a few days
  • Accounts can often be opened immediately
  • Approval is subject to internal bank review
  • Professional assistance significantly increases success rates

 

Types of Personal Tax Registration in Georgia

1. Individual Entrepreneur (IE)

  • For those conducting regular business activities in Georgia not subject to withholding tax (e.g. services to foreign clients)
  • Registration takes place at the PSH
  • Requires a legal address with owner’s consent

2. Natural Person Taxpayer

  • For individuals who do not run a business but require a Georgian tax number (e.g. to obtain Georgian tax residency)
  • Registered through the Georgian Revenue Service (GRS)
  • Only a factual address is needed

What to say about us?

We give our customers exciting experiences after every trip and preserve great moments.

Read more
The company formation and bank account opening were quick and smooth. All services were done remotely, and within three weeks I had my company documents and everything for my online banking in my mailbox. Great service. Thank you.
⁠Maximian Förster (Passau, Deutschland)
Everything worked perfectly. My questions were answered immediately, and I was soon able to issue invoices with my Georgian company. The lawyers from the network gave me excellent advice. The tax advisor recommended by Wolfram is competent and friendly – I can clearly recommend this service!
Rainer Faßbender ( Herford, Deutschland)
In just one day, my company was registered, the bank account was opened, and the tax number was applied for. All administrative procedures were handled quickly and to my full satisfaction. I later invited Wolfram to dinner and received even more valuable tips.
Oliver Siegesmund (Leipzig, Deutschland)
I didn’t expect it to be this fast. After I had all documents apostilled, I sent them via DHL, and just a few days later I was able to use my company – simply great.
Roman Pavlow (Berlin, Deutchland)
Wolfram’s network includes all the specialists you need. My company was up and running in no time. All my questions were answered patiently and professionally. Nina is a cool lawyer with excellent contacts, both in Georgia and internationally.
Jan-Phillip Redder (Hamburg/ Deutschland)
Our LLC was structured and established without any delays. All legal matters were handled by the tax advisors and lawyers in Mr. Weber’s network. Fast, reliable, and perfectly coordinated.
Hajo von Lettow (Hannover, Deutschland)
Mr. Weber knows what he’s doing. He’s been doing this job for 25 years, and you can tell. He’s experienced, patient, and friendly. You can see that he truly enjoys his work.
Konstanze Lausitzer ( Münschen, Deutschland)

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