Georgia consistently ranks among the top countries in the world for ease of doing business. Setting up a company can be completed in as little as one day, with minimal bureaucracy and no minimum capital requirements for most business types.
Choosing Your Legal Structure
Limited Liability Company (LLC)
The most popular choice for small to medium businesses:
- No minimum capital requirement
- One or more shareholders (individuals or legal entities)
- Limited liability for shareholders
- Simple registration process
Joint Stock Company (JSC)
Suitable for larger businesses or those planning to go public:
- Minimum capital requirement applies
- Shares can be publicly traded
- More complex governance structure
Individual Entrepreneur (IE)
Ideal for freelancers and solo operators:
- Simplest structure
- Lower administrative burden
- Personal liability for business debts
Branch Office
For foreign companies wanting to operate in Georgia:
- Not a separate legal entity
- Parent company responsible for liabilities
- Suitable for testing the market
Registration Process
Step 1: Prepare Documents
- Passport copies of founders/directors
- Articles of Association
- Power of Attorney (if using a representative)
- Proof of legal address in Georgia
Step 2: Submit to Public Registry
- Registration can be done online or in person
- Same-day registration available (1-day service)
- Standard registration takes 1-4 business days
Step 3: Obtain Tax Registration
- Automatic upon company registration
- VAT registration if turnover exceeds threshold
- Choose your tax regime
Step 4: Open Bank Account
- Most banks offer business accounts
- Remote account opening available
- Multi-currency accounts supported
Costs Involved
- Standard registration: ~100 GEL
- Express registration (1 day): ~200 GEL
- Virtual office address: 50-150 GEL/month
- Legal assistance: Varies
Why Georgia?
- #7 globally in World Bank's Ease of Doing Business
- No foreign ownership restrictions
- Low taxes (see our tax guide)
- Strategic location between Europe and Asia
- Free trade agreements with EU, China, and more
Common Mistakes to Avoid
- Not understanding tax implications of different structures
- Skipping proper legal documentation
- Not considering long-term growth plans
- Underestimating banking requirements
How We Can Help
At TaxWizzards, we handle the entire registration process for you, ensuring:
- Optimal legal structure for your needs
- Proper tax planning from day one
- Smooth bank account opening
- Ongoing compliance support
Contact us to discuss your business plans in Georgia.