Company Formation Process in Georgia
Establishing a new company in Georgia is a structured process that typically takes 1-2 business days. ShelfCompanies24 handles the entire formation process on your behalf, from preparing the articles of association to registering with all relevant authorities.
Available Company Types in Georgia
The following legal structures are available for company formation in Georgia:
| Company Type |
Description |
| LLC (Ltd), JSC, Individual Enterprise, Branch |
The minimum share capital requirement is No minimum.
Step-by-Step Formation Process
- Choose your company structure — Select the appropriate legal form based on your business needs, number of shareholders, and capital requirements.
- Prepare documentation — Our team prepares the articles of association, shareholder agreements, and all necessary corporate documents.
- Company name verification — We verify the availability of your chosen company name with the Georgian commercial registry.
- Capital deposit — Deposit the required share capital (No minimum) in a designated bank account.
- Notarization and registration — Documents are notarized (where required) and submitted to the commercial registry.
- Tax registration — Register the company for corporate tax (at a rate of 15% (0% on retained earnings, Estonian model)) and VAT (18%).
- Bank account opening — Open corporate bank accounts with Georgian banks for business operations.
Required Documents
- Valid passport copies of all shareholders and directors
- Proof of residential address (utility bill or bank statement, not older than 3 months)
- Description of planned business activities
- Proof of source of funds (where applicable)
- References from existing banks or professional advisors
Tax Environment in Georgia
Companies formed in Georgia are subject to a corporate tax rate of 15% (0% on retained earnings, Estonian model). The standard VAT rate is 18%. The currency is GEL (Georgian Lari).
Timeline and Costs
Standard company formation in Georgia takes approximately 1-2 business days. For exact pricing tailored to your specific requirements, please contact our consultants.
Related Services in Georgia
Frequently Asked Questions
How long does it take to register a company in Georgia?
Company registration in Georgia typically takes 1-2 business days. ShelfCompanies24 handles the entire process on your behalf.
What documents do I need to form a company in Georgia?
You will need valid passport copies, proof of address, description of business activities, and proof of source of funds. Our team guides you through all documentation requirements.
Can a foreigner set up a company in Georgia?
Yes, foreign nationals can establish companies in Georgia. There are generally no restrictions on foreign ownership of Georgian companies.
What is the minimum capital to start a company in Georgia?
The minimum capital requirement in Georgia is No minimum. Our consultants can advise on the optimal capital structure for your business.
Content prepared by Julia Thompson, Corporate Client Service Specialist at ShelfCompanies24. Graduate of Faculty of Law at Jagielonian University and College of Law at Florida State University. Approved by Tomasz Bielski, Managing Director.
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