Company formation in Georgia

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Georgia has emerged as a highly attractive destination for company registration, thanks to its business-friendly environment, strategic location and favorable tax regime. Situated at the crossroads of Europe and Asia, Georgia offers easy access to both regional and global markets, making it an ideal hub for businesses looking to expand their reach. The country boasts a streamlined registration process, allowing companies to be set up within just a few days with minimal bureaucracy. The government of Georgia has implemented a range of reforms aimed at enhancing the ease of doing business, placing the country among the top global performers in various international rankings.

One of the key advantages of registering a company in Georgia is its competitive tax system. The corporate tax rate is relatively low, and there are tax exemptions for reinvested profits, which can significantly reduce the overall tax burden for businesses. Additionally, Georgia has signed numerous double taxation treaties with other countries, further benefiting international companies.

Georgia's labor market is another plus, offering a skilled and cost-effective workforce, particularly in sectors like IT, finance and tourism. The country also enjoys political stability and a pro-business government, providing a secure environment for investments.

Finally, the country offers various incentives for foreign investors, including the possibility of obtaining residency permits through investment. With its growing economy, modern infrastructure, and robust legal framework, Georgia presents a compelling option for entrepreneurs and companies looking to establish or expand their operations in a dynamic and rapidly developing region.

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Premium

  • Company registration in Georgia
  • Business account creation with in/outbound payment IBAN accounts
  • Accounting services (max 50 transactions / month)
  • Multi currency accounting
  • Filing and reporting to authorities
  • VAT registration & reporting
  • Employee registration and payroll withholding tax accounting & reporting (max 10 empl.)
  • Mail scan & forwarding
  • Multi-shareholder registration
  • 1st contractor management solution with global compliance
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Advanced

  • Company registration in Georgia
  • Business Account creation with in/outbound payment IBAN accounts
  • Accounting services (max 25 transactions / month)
  • Multi currency accounting
  • Filing and reporting to authorities
  • VAT registration & reporting
  • Employee registration, payroll tax accounting & reporting
  • Mail scan & forwarding
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Basic

  • Company registration in Georgia
  • Business account creation with in/outbound payment IBAN accounts
  • Accounting services (max 10 transactions / month)
  • Filing and reporting to authorities
Order now

Key Numbers about Incorporations

at least 1

director for a company

up to 2 weeks

timeline for a company registration

no

minimum share capital

0%

corporate income tax (CIT) rate before distribution of dividends

20%

personal income tax (PIT) rate

18%

value added tax (VAT) rate
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Set up Your Company in Georgia in Several Steps

  1. Step 1. Initial setup
    • Initiating a preliminary project assessment
    • Preparation and filing of the package of documents (including a Power of Attorney)
  2. Step 2. Company registration
    • Choosing a company name
    • Facilitating the notarial process for the company's official registration
    • Submitting the application for registration together with all necessary documents including the Charter of incorporation with the National Agency of Public Registry of the Ministry of Justice of Georgia
    • Payment of state fees
    • Assisting with the company's registration with the tax authorities
    • Obtaining a special license for your business, if required (depending on the license needed, the company will be a subject to a higher capital requirement)
    Duration: up to 2 weeks if all documents and information are complete and correct; to incorporate a company in Georgia, all documents issued outside of Georgia must be notarized and apostilled or legalized, then translated into Georgian and notarized
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Requirements for Company Formation in Georgia

Before deciding to set up a new company in Georgia, read the information below to understand the characteristics of a Limited Liability Company (LLC):

    Shareholders: Georgian laws do not state any limitations with regard to the minimum/maximum number of shareholders, so the company must have a minimum 1 shareholder. In addition, there are no restrictions on foreign ownership and corporate governance of legal entities.

    Director: Georgian laws do not state any limitations with regard to the minimum/maximum number of directors, so the company is required to have at least 1 director. The director can be a resident or non-resident of the country.

    Company secretary: there is no requirement.

    Minimum share capital: there are no requirements with regards to the minimum amount of the share capital.

    Legal address: the company must have a registered office address in Georgia for legal correspondence and official notifications.

    Liability: the shareholders’ liability is limited to their contribution to the company’s capital.

    Accounting: company is required to prepare all necessary filings and financial statements.

    Taxes in Georgia

    Corporate income tax (CIT)
    • The standard CIT rate is 15%.
    • Generally, this tax is only levied at the time of distribution.
    • Profits reinvested in a company can remain in the company indefinitely without being taxed.
    • CIT for Virtual Zone Companies / Free Industrial Zone (FIZ) entities is 0%.
    • CIT for International Company status is 5% at the time of distribution.
    Personal income tax (PIT)
    • The standard PIT rate is 20%.
    • Individuals with an annual turnover of less than GEL 30,000 (~ €9,947), without employees and registered as a micro-business are exempt from paying tax on their business income.
    • Individual entrepreneurs with an annual turnover of less than GEL 500,000 (~ €165,797) can register as a small business and pay tax at the rate of 1% of their turnover. The rate increases to 3% if the annual turnover exceeds GEL 500,000 (~ €165,797).
    Value added tax (VAT)
    • The standard rate is 18%.
    • Georgia does not have reduced VAT rates, making it relatively simple compared to countries with multiple VAT rates.
    • A person / company who provides economic activity and the total amount exceeds GEL 100,000 (~ €33,159) during any continuous 12 months, is required to register as VAT payer.

    Double taxation avoidance agreements in Georgia: Armenia, Austria, Azerbaijan, Bahrain, Belarus, Belgium, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Iran, Ireland, Israel, Italy, Japan, Kazakhstan, Korea, Kuwait, Kyrgyz, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Netherlands, Norway, Poland, Portugal, Qatar, Romania, San Marino, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, Uzbekistan.

    Start Your Company Formation Process with Manimama

    There are numerous reasons why Manimama is the leading company formation agent in Georgia:

    Expertise in Georgian Regulations

    • 1. Manimama has an in-depth understanding of Georgia's legal and regulatory framework.
    • 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

    Local and International Experience

    • 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
    • 2. Our expertise spans various industries, providing customized solutions for each client.

    Efficient and Timely Service

    • 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
    • 2. Our efficient processes minimize delays and get your business up and running quickly.

    Client-Centric Approach

    • 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
    • 2. Our dedicated team is always available to address any concerns and provide expert advice.

    Robust Network of Local Partners

    • 1. We have established strong relationships with local authorities, banks, and service providers.
    • 2. This network ensures that your business receives the best possible support and resources.

    Ongoing Compliance Support

    • 1. We provide continuous support to ensure your business remains compliant with Georgian laws.
    • 2. Our team keeps you updated on any regulatory changes that may impact your company.

    Frequently Asked Questions

    • What are the main advantages of registering a company in Georgia?
      Georgia offers a low tax regime, quick registration process, strategic location, and access to European and Asian markets.
    • What types of companies can be registered in Georgia?
      Common types include Limited Liability Companies (LLC), Joint Stock Companies (JSC), General Partnerships and Branch Offices.
    • Is it necessary to have a local partner to register a company in Georgia?
      No, foreign investors can fully own a company in Georgia without a local partner.
    • What are the corporate tax rates in Georgia?
      The corporate tax rate is 15%, with exemptions for reinvested profits.
    • Can a company in Georgia be registered remotely?
      Yes, registration can be done remotely with a Power of Attorney.
    • Are there any minimum capital requirements?
      There is no minimum capital requirement for an LLC.
    • What are the annual reporting requirements?
      Companies must submit annual financial statements and tax returns.
    • Can foreign companies open branch offices in Georgia?
      Yes, foreign companies can establish branch offices in Georgia.
    • Are there residency requirements for company directors?
      No, directors do not need to be Georgian residents.
    • Is there a requirement to have an office in Georgia?
      Yes, companies must have a registered office address in Georgia.
    • What industries are most favorable for business in Georgia?
      Key sectors include IT, tourism, agriculture, finance, and logistics.
    • What are the ongoing compliance requirements?
      Companies must file annual reports, pay taxes, and renew licenses as applicable.
    Semen Kaploushenko

    Semen Kaploushenko

    KUNA, CBDO

    “Thanks to their work, we were able to start our business without any delays or problems”.

    kuna
    Vadym Hrusha

    Vadym Hrusha

    Trustee Wallet, CEO

    “I would especially like to note the friendly and considerate attitude of the Manimama OU`s staff, who were always ready to help and advise on any questions”.

    kuna
    Yuriy Soshenko

    Yuriy Soshenko

    WhiteBit, CLO

    "Manimama OU prepared all the necessary documents and accompanied us at every stage, which saved us a lot of time and nerves”.

    kuna
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    Manimama as the Best Solution for Your Company Formation in Georgia

    Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

    Comprehensive Legal Expertise
    Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

    Results-Driven Approach
    Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

    Global Presence and Local Expertise
    Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

    Community Commitment
    At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

    By choosing our company formation service in Georgia, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Georgia and pave the way for your business success.

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