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COMPANY IN GEORGIA

2024-11-13

Openness to foreign investors who want to set up a company in Georgia, European ambitions, and innovative tax solutions are the secrets of the success enjoyed by Georgia – a leading reformer among post-Soviet countries. Stimulated by American capital, this economy is growing at an impressive rate, and the government does everything in its power to make setting up a company in Georgia as effortless as possible.

With foreign investors in mind, Georgia has established special free business zones – Free Zone. In these zones, registering a company in Georgia takes one day; the red tape related to running a company in Georgia is kept to a minimum, and owners of Georgian companies can count on income tax exemptions. A company in Georgia can either be registered as a legal entity, or obtain an International Company status or a Virtual Zone licence.

Thompson&Stein, as an agent in the Tbilisi Free Zone, has all the powers necessary to register companies in Georgia in the free business zone.

Call us! Our lawyers will be happy to answer your questions and advise you on the best place to start a company.

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Why is setting up a company in Georgia a good idea?

A company in Georgia is a good solution for entrepreneurs in many sectors: Georgia is open to foreign investors, so the process of setting up a Georgian company is quick and straightforward. Owning a company in Georgia means, above all, access to modern tax solutions and simplified bureaucracy.

Georgia has a Free Trade Agreement with the European Union, which guarantees the elimination of customs duty on all Georgian goods imported into the EU.

Another incentive to set up a company in Georgia is the country’s result in the Doing Business ranking. In 2020, Georgia was ranked 7th in terms of business attractiveness; in the same ranking, Poland took 40th place.

Advantages of owning a company in Georgia

  • Registering a company in Georgia takes 24 hours
  • You can manage your Georgian company remotely
  • Friendly approach towards cryptocurrencies
  • Corporate tax and personal income tax exemptions
  • The administration treats Georgian companies like equal partners
  • 55 treaties on avoiding double taxation
  • Availability of business licenses

    Who can find a company in Georgia a good solution?

    Running a company in Georgia is associated with regular yearly financial burdens, which are effectively compensated with tax exemptions.

    Establishing a company in Georgia is a good solution for:

    • Companies supplementing holding structures;
    • Limited liability partnerships and limited partnerships;
    • Companies related to new technologies (online marketing, cryptocurrencies, programming);
    • Enterprises specialising in transport and forwarding;
    • Start-ups;
    • Entities active in the international trade industry;
    • Intermediaries, including transaction agents;
    • Importers, exporters;

    The procedure of establishing a company in Georgia

    BUSINESS

    Thompson&Stein’s consultants will help you set up a company in Georgia either remotely, on the basis of a power of attorney granted by the Client, or during your personal visit to Tbilisi. Everything you need to run a company in Georgia:

    • You sign an agreement with us
    • You grant a power of attorney allowing us to represent you in Georgia
    • We register the company in Georgia in line with your instructions (its name, area of business activity, capital).
    • We provide you with a set of documents, including i.a., articles of association of your company in Georgia, registration card, confirmation of share acquisition.

    How long does it take? Up to 14 days

    Learn about our services and open your own company in Georgia

    Our consultants will assist you at every stage of setting up your company in Georgia. What we offer:

    • COMPREHENSIVE HANDLING OF THE REGISTRATION PROCESS FOR YOUR COMPANY IN GEORGIA – as the Tbilisi Free Zone’s registered agent, we can open a company in Georgia within 24 hours upon in line with the client’s order;
    • ACCOUNTING SERVICES IN GEORGIA – our accountants are an experienced team of professionals, supported by a Polish-speaking customer service department;
    • A REGISTERED SEAT (ADDRESS) FOR YOUR COMPANY IN GEORGIA – our office is located in Tbilisi, Georgia’s capital, where we provide comprehensive corporate services;
    • CORRESPONDENCE MANAGEMENT FOR YOUR GEORGIAN COMPANY – preceiving and scanning of correspondence from both your business partners and any authorities;
    • ASSISTANCE IN OPENING A FOREIGN BANK ACCOUNT – we provide help with opening online banking accounts, as we cooperate with Georgian banks;
    • ASSISTANCE WITH OBTAINING LICENSES (if required for the given type of activity)

    Learn more

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