Company formation in Georgia the country

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Why go ahead with a company formation in Georgia the country?

  • Very easy to do – all it takes is 24 hours.
  • Georgia ranks 7th in the Ease of Doing Business ranking by the World Bank. 
  • Affordable – prices start from $99.
  • Can be done remotely through power of attorney.
  • Access to top-notch multi-currency banking.
  • For the standard LLC: Corporate tax rate of 15% and dividend tax rate of 5% but no taxes on reinvested profits. This means that as long as you don’t do a payout, you do not pay any taxes.
  • There are even corporate structures that get taxed at a rate of 0%.
  • Proper support services in place for accounting, tax filing, etc.
  • Minimum of only one shareholder.
  • 100% foreign ownership is permitted.
  • Low corruption levels – similar as the Czech Republic.
  • Easy to get residency.
  • Multiple structures available:
    1. LLC
    2. Sole Proprietorship used by many digital nomads
    3. IT company with 5% taxes
    4. A few other structures

1. Company Formation for a Limited Liability Company (LLC) in Georgia the country

My certified agent offers multiple packages: 

 

Extra Services

Price

Remote company formation with Power of Attorney – no travel to Georgia $200
Nominee director for 1 year $300
Nominee shareholder for 1 year $300
Filing and preparation of tax declaration for 1 year $250

 

Send me an email at info@thewanderinginvestor.com or contact me below if you have any question whatsoever or would like to speak to my certified agent.

2. Sole Proprietorship

This is an incredibly affordable and tax-light structure used by many digital nomads. You get taxed only 1% of turnover up to GEL 500,000. Once you reach that threshold, then for the rest of the year you get taxed 3% on turnover.

You do NOT have to file taxes and your accounting on a monthly basis. You just need to do this once a year.

Additionally, you only get taxed on Georgian-sourced income only and have access to great banking.

The main drawback? It is not technically a company, so there is not limited liability.

 

 

Extra Services

Price

Remote company formation with Power of Attorney – no travel to Georgia $200

 

Send me an email at info@thewanderinginvestor.com or contact me below if you have any question whatsoever or would like to speak to my certified agent.

3. IT company formation in a virtual zone in Georgia the country

This is a special structure of IT-related business that can be set up in a virtual zone near Tbilisi. The corporate tax rate is 0% and the dividend tax is 5% for any business conducted outside of Georgia.

 

Extra Services

Price

Remote company formation with Power of Attorney – no travel to Georgia $200
Nominee director for 1 year $300
Nominee shareholder for 1 year $300

 

Send me an email at info@thewanderinginvestor.com or contact me below if you have any question whatsoever or would like to speak to my certified agent.

4. Other company structures in available in Georgia the country

Get in touch with me if you are interested in a:

  • Limited Partnership
  • Joint-Stock Company
  • General Parnership
  • Branch Office
  • Free Trade Zone Company (Free trade agreement with both EU and China – perfect for manufacturing)
  • A hotel in a designated Tourism Zone with tax advantages

 

A Word of Caution

I am not an expert in company formation. I just have a great network of people who can get things done at fair prices thanks to all the travels and deals I’ve done internationally. Maybe Georgia is not the best jurisdiction for your business – I don’t know. My certified agent in Georgia is an expert on Georgia, but not necessarily on all the other structures available worldwide.

If you want to discuss your structure and all the tax implications before making a move, you can discuss with Kathleen, a Swiss tax consultant that helps people with all their international tax issues and questions. Click here to find out more about her services.

If you are confident Georgia is right for you, then do get in touch with me and let’s get started! 

 

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Important to understand: The international company formation services are performed by a certified agent. We at The Wandering Investor are just a middleman and therefore have no liability.

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