Georgia is Awaiting! Form YOUR Company Here Online

Psoted on: August 4, 2021 at 6:36 am, in

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 supports 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 assists in opening an LLC in Georgia online and presents a full set of digital documents upon completion of the incorporation process. We provide our services remotely, which means you do not need to travel to Georgia to register a company there. Find more info about forming a business in this jurisdiction 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 

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 help with the formation of YOUR organization on Georgian soil. 

Build up your Georgian business easily, quickly, and digitally — reach out to the experts of Clevver and we’ll give you the assistance you need. 

CHOOSE CLEVVER TEAM TO RECEIVE:  

  • Assistance from highly skilled specialists;   
  • Remote support from Clevver; 
  • A full package of documents on the business entity registration in a digital format; 
  • Constant customer support and individual approach to each client. 

Bottom Line 

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.

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.

DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.