Georgia – LLC

Why is it beneficial for a company to incorporate in Georgia?

Georgia was put on the map as a hot & new, go-to business destination since the recent intense and aggressive reformations started to prove successful – bringing economic growth to the country. Georgia has become a viral destination for foreign business and investment. This fast-developing, strategically located, post-soviet state boasts an inviting approach towards businesses, its appealing laws and taxation policies represent a fantastic base for offshore incorporation. Georgia’s extraordinary potential for being the perfect place to incorporate a company has been recognized by the World Bank’s Doing Business report of 2019, where the country was placed ahead Norway and the United States, landing on the impressive 6th position.

Steady economy:
According to the 2019 Index of Economic Freedom ranking, compiled by The Heritage Foundation, Georgia ranks as 16th, higher than Sweden and Germany. Georgia’s economy has experienced steady growth in recent decades. Multiple thriving business sectors include energy, agriculture, tourism, and services. In years to come, the role of logistics is expected to grow.

Strategic location:
Georgia is a dream location if you consider entering either European or Asian markets. Incorporating your company headquarters in Georgia opens up the possibilities of global entry.

Taxation and legal system:
With the corporate profit tax that has remained at 15% since 2008, Georgia has an appealing tax system. Georgia’s two fantastic business incentives can benefit your business at an unheard scale: one is the country’s Free Industrial Zones (FIZs), where the companies can benefit from low VAT rates, 0% tax on corporate income, property, and import; second is a special system for companies exporting the goods outside the country.  Not to mention, setting up an LLC is a few-minutes-long, extremely affordable process with no minimum capital required, which doesn’t leave a reason not to set up a company in Georgia!

What type of companies can be formed in Georgia?

One of the most popular company types that can be incorporated in Georgia is an LLC – a Limited Liability Company. There’s plenty of benefits associated with setting up an LLC in Georgia, such as:

  • No big financial assets necessary: no minimum capital is required;
  • The registration costs are affordable.
  • No minimum number of shareholders
  • Fast process: Setting up an LLC takes a few hours (after an application has been submitted to the corresponding entity)

Georgia – LLC incorporation factsheet

Basis of legal system civil law system
Governing corporate legislation Ministry of Economy and Sustainable Development Georgia
Stability Stable jurisdiction with a very good reputation.
Minimum directors/shareholders Minimum of 1 director and 1 shareholder.
Information published relating to company officers Upon registration, names of company’s officers will appear in the public registry.
Paid up capital requirement no minimum
Accounting requirement the business is required to have a bank account and submit a tax declaration once a year; it is doable online.
Taxation No taxes on foreign profits.
Timespan incorporation within a few days

Pricing

Georgia LLC Basic

Cost

999 €

Description

Name Check & Clearance
Up to 2 individual shareholders included
Up to 1 individual director included
Digital Certificate of Formation

Available Add-ons

Additional director

30,00 €

Any additional director, above the included 1 director

Additional shareholder

30,00 €

Any additional shareholder, above the included 2 shareholder

IT Lizenz

199,00 €

IT Lizenz

TAX Setup & VAT application

199,00 €

TAX Setup

Accounting

40,00 €
per month

Fair use policy

Bank Introduction

199,00 €

Introduction to a bank to get a Georgia bank account

Remote Incorporation

199,00 €

Remote incorporation via PoA

Incorporation documents in any language

on request

Available languages: English, Russian, French

Apostille

100,00 €

ca 7 days

Individual lawyer consultancy

149,00 €
per 30 minutes

Custom consultancy with our lawyer

* The notary fees and the costs for entry in the commercial register (Handelsregister) are not included in the price and will be charged separately.
All prices excluded VAT


Benefits of ClevverCompany:

  • You can start your business in nearly every country in the most convenient way
  • Fast and fully digital incorporation process
  • Lawyer approved process and local legal teams on site
  • Meeting all legal requirements
  • Internationalize your business without a big budgets

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