Company formation in Georgia the country
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.ย
- Affordable – prices start from โฌ99.
- 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:
- LLC
- Sole Proprietorship used by many digital nomads
- IT company with 5% taxes
- A few other structures
1. Company Formation for a Limited Liability Company (LLC) in Georgia the country
My certified agent offers multiple packages:ย
Send me an email at info@thewanderinginvestor.comย 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.
Sole Proprietorship
1% tax on turnover up to GEL 500,000- Documentation preparation and registration in 24 hours
- Certificate of Incorporation in a Digital format
- Official registered company address for 1 year
- Obtention of tax number
- Company seal
Extra Services |
Price |
Bank Account Opening with Company Registration Package | โฌ249 |
Remote Company Formation | โฌ249 |
Send me an email at info@thewanderinginvestor.comย 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.
IT Company in a Virtual Zone
0% corporate tax rate and 5% dividend tax rate- LLC documentation and registration in 24 hours
- Certificate of Incorporation in a Digital format
- Official registered company address for 1 year
- Corporate bank account opening (USD, EUR, GBP, GEL)
- Obtention of tax number
- All government fees included in the package
- Full registration of the IT company in the Virtual Zone registrar
Add-ons Services |
Price |
Remote Company Formation | โฌ249 |
Send me an email at info@thewanderinginvestor.comย 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 my tax experts who help people with all their international tax issues and questions. Click here to find out more about their services.
If you are confident Georgia is right for you, then do get in touch with me and let’s get started!ย
Other available services in Georgia:
Articles on Georgia:
- 9 reasons to get Residency in the Republic of Georgia
- The Real Estate Investment Market in Tbilisi, Georgia
- One of the Best Structures for Digital Nomads: The Sole Proprietorship in the Country of Georgia