Business registration

Georgia is a country with a favorable investment climate, a simple business registration process, and low taxes, even for non-residents. Opening a company here provides extensive opportunities for conducting business on an international level. Whether you have been living in Georgia for a long time, recently moved here, or are relocating your company, we invite you to Financial Outsource. Our specialists have extensive experience in business registration and will take care of all the necessary documentation for you.

What types of business entities exist in Georgia?

Georgia allows for a simplified business registration process. The entire procedure can be completed within a few days, either through the House of Justice or online.

According to Georgian legislation, legal entities can register a company in the following forms:

• General partnership – A jointly managed business where all partners share equal responsibility;
• Limited partnership – A business entity formed by individuals and legal entities operating under a common name;
• Limited Liability Company (LLC) – Liability to creditors is limited to the company’s own assets;
• Joint Stock Company (JSC) – Capital is formed by issuing shares;
• Cooperative – This type of entity is not primarily focused on profit but aims to protect the interests of its members.

Experience shows that the most popular legal forms in Georgia, especially among non-residents are LLCs and JSCs. Additionally, Georgia offers special tax regimes for non-residents. For example, an IT company can obtain the status of an “International Company” or a “Virtual Zone Entity,” granting significant tax benefits.

Preparation of founding documents

To ensure that your business registration process is smooth and fast, our specialists will handle the collection of required documents and the preparation of founding documentation. Let’s take a closer look at the second aspect.

The preparation of founding documents is a crucial step for any entrepreneur looking to establish a business. These documents define the internal structure of the company, outline the rights and responsibilities of its members, and regulate the management procedures. Typically, the founding documentation includes:

• Founding agreement – The primary document outlining the conditions for establishing the company. It contains information on the company’s name, legal address, business objectives, authorized capital amount, and the distribution of shares among founders.
• Company charter – The main internal document that regulates the company’s operations. It defines management rules, decision-making procedures, members’ rights and obligations, conditions for founders’ withdrawal, and profit distribution policies.
• Minutes of the founders’ meeting – A document confirming the company’s formation and the appointment of key executives, such as the General Director and Board of Directors. It records all decisions made by the founders during the meeting, including the approval of the charter and the selection of the governing body.
• Registration application – An official application submitted to government authorities for business registration, containing key details about the company and its founders.
• Documents confirming payment of authorized capital – If the authorized capital is contributed in monetary form, supporting documents must be provided to confirm its deposit into the company’s bank account

For professional assistance with business registration and other related services, contact us. Our experienced specialists will help you avoid errors and streamline bureaucratic procedures.