Georgia is one of the most popular destinations for entrepreneurs from Turkey and other countries thanks to fast company registration, a shareholding structure open to foreigners and a profit tax model that does not tax profit until it is distributed. This guide summarises how company formation in Georgia works, which documents are needed and what to consider after registration.
The most common structure is the limited liability company (LLC). Joint stock companies (JSC) and individual entrepreneur (IE) status are also available. An LLC suits most business models because it can be formed by a single shareholder, has no minimum capital requirement and limits shareholders’ liability to their contribution. Compare the types on the company types page.
The process starts with a consultation and defining the company structure. Once the documents are ready, the application is filed with the National Agency of Public Registry through the Public Service Hall. When the documents are complete, registration is usually finalised quickly and the company is automatically registered with the Revenue Service. See all steps on the formation process page.
Company registration can be completed remotely with a power of attorney. Banks, however, usually ask the shareholder or director to apply in person when opening a corporate account, so we recommend planning your trip around the banking step.
Tax filing obligations begin with registration. The company must keep accounting records, file the required returns and, if it employs staff, pay withholding tax and pension contributions. See the Georgia tax system guide for details.
With documents ready, registration can be completed within a few business days; the bank account may take longer depending on the bank’s review. The total cost depends on consulting, translation, notary, address and accounting needs. Compare service scopes on the company formation packages page.
