ClevverBlog

Highlights
17th Sep 2021

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13th Sep 2021

Virtual Business Address for Your Amazon Store

10th Sep 2021

New Zealand — a Top-Notch Jurisdiction for Company Formation

04th Aug 2021

Georgia is Awaiting! Form YOUR Company Here with Clevver Online

Overview: 

  • Georgia has a steadily growing economy and a stable banking system; 
  • Businesses in Georgia do not pay capital gains tax; 
  • The Georgian government has signed free trade agreements with 45 countries, including 20+ EU countries, China, Hong Kong, and others; 
  • The country's location between Europe and Asia makes it an important transit route for goods to and from the two continents; 
  • There are advantageous conditions for business establishment in Georgia; 
  • The state has signed double taxation avoidance agreements (DTAs) with more than 50 countries, including the UK, Germany, India, China, and others; 
  • There are no currency controls in Georgia; 
  • Clevver provides remote LLC company registration in Georgia. The documentation on incorporation is accessible digitally. 

Georgia occupies a strategic location between Europe and Asia. In terms of trade and commerce, this has enabled the country to become an important transit hub for goods transported back and forth between the two continents. 

Just before the early 2000s, Georgia was not particularly attractive to global investors and did not have a strong market economy. The rapid breakthrough towards the introduction of a market economy and international best practices of doing business took place in the period from 2004 to 2007. Ever since the country government hasn’t stopped the implementation of reforms to encourage foreign entrepreneurs to do business in this jurisdiction. Their work was more than fruitful because the results speak for themselves. Georgia today is a country that according to the World Bank's Ease of Doing Business 2020 report, is ranked 7th (with a score of 83.7) among the countries where it is profitable to start a business. 

Clevver legal team will open up an LLC company in Georgia and provide a complete set of digital documents upon fulfillment of the incorporation process. Clevver registers business entities remotely which means you don’t have to travel to Georgia to incorporate a company there. Find more info about forming a business in this jurisdiction with us here

Taxation in Georgia 

Georgia's taxation system is one of the strengths of the jurisdiction. Its simplicity, clarity, and loyalty promote business development. Here are the main taxes that the companies in Georgia must pay: 

  • According to a regulation that came into force in Georgia on January 1, 2017, legal entities may not pay corporate tax on profits if the funds are reinvested in business development. Corporate tax on distributed profits flat rate is 15%
  • The tax on dividends is 5%. 
  • The standard rate of Value added tax for business entities is 18%. Only those goods and services delivered and rendered on the territory of Georgia are subject to VAT. 

Why Incorporate in Georgia with Clevver 

The Georgian government has done a great job in transforming this country from a haggard post-USSR republic into a strong player in the international business arena. At the moment, registering a company in Georgia promises significant benefits to foreign entrepreneurs and we are 100% ready to implement the formation of YOUR organization on Georgian soil. 

Build up your Georgian business easily, quickly, and digitally — reach out to the professional legal experts of Clevver. We will always give you the assistance you need. 

CHOOSE CLEVVER TEAM TO RECEIVE:  

  • Support from legal specialists in Georgian company registration;   
  • Remote company formation procedure; 
  • A full package of documents on the business entity registration in a digital format; 
  • Opportunity to receive numerous extra to business incorporation services in Georgia (accounting assistance, VAT application, individual lawyer consultancy, etc.); 
  • Constant customer support and individual approach to each client. 

Bottom Line 

Clevver will gladly assist you in the incorporation of a business in this jurisdiction. With us, you can start your business in Georgia remotely, your presence is not required. To begin the company formation right now click here.

At present, the government of Georgia is succeeding in the development and implementation of effective reforms pointed to enhance the investment attractiveness of the country in the international arena. Therefore, today a large number of foreign entrepreneurs are striving to open a company here.