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Georgia, famous for its business-friendly policies, is one of the strategic places for investors and entrepreneurs. The opportunities are endless in this jurisdiction. It has become an IT hub in the international business community, which is why entrepreneurs are considering business expansion and Company formation in Georgia.
Some of the key reasons for company registration in the Peach State include:
Company formation in Georgia becomes a faster and smoother process with legal experts who have a thorough knowledge of the corporate landscape of this country.
For company setup in Georgia, InteliumLaw offers premium services, including:
Working with InteliumLaw for company registration in Georgia can help you enjoy many benefits. See what you can expect from us:
Choosing the right type and structure of company is an important decision. Company formation Georgia is a crucial step, and you need to be well aware of the different types of entities and their advantages and disadvantages.
The main types of companies in Georgia are -
These are essential requirements for company formation Georgia.
Parent Companies need to mandatorily submit the following -
The steps involved in company setup Georgia are as below -
The first step is preliminary consulting with the InteliumLaw team. The team will carry out a detailed assessment of the business needs and also evaluate if Georgia is right as a jurisdiction for your business setup. We also comprehensively guide you on the process of company setup Georgia.
For registration of the company in Georgia, it is crucial that appropriate papers and documents are collacted and submitted along with the application. You need to submit details related to planned business activities, key markets, personal documents of the beneficiary and representatives,etc.
The required legal documents are drafted by the team engaged by InteliumLaw. Supported by our expertise, we prepare the Articles of Incorporation, resolutions and other papers, compliant with laws and regulations of Georgia.
After the documents are all prepared and ready, the application for company setup Georgia is submitted. The application then goes for review and approval from the concerned authorities.
Once the company registration is approved, it needs to be registered with the Georgian Revenue Authorities, compliant with the taxation and legal regulations of the country.
Are you all set for Company formation Georgia? Speak with InteliumLaw today.
Businesses in Georgia can operate either as a Virtual Zone Company (VZE) or an International Company Status in Georgia.
These companies should be involved into activities related to research, development, design, production, support, and implementation of IT systems and computers. There are no requirements to nationality of the director in Georgia or his/her place of stay, as well as it is not required to keep staff for this type of companies.
Taxation: Income of VZE is exempted from 18% VAT and 15% Corporate Income Tax, in case services are provided to non-residents. Dividends distributed to the non-resident shareholder (either individual or company) are subject to 5% tax at the moment of distribution. In case of distribution to Georgian shareholder dividends are not included into the taxable basis.
In the case of Georgia company formation companies operating in the Maritime or IT sectors may qualify for international status company. To this end, 98% of the revenue should be from the allowable sectors. Also, the company should operate for at least 2 years, have local staff, be Georgian registered, branch or Georgian subsidiary.
Taxation: Companies with International status are subject to 5% corporate income tax instead of 15%, salary income of 5% apply instead of 20%, tax on dividends is 0% instead of 5%, provision of services to foreign customers – not subject to VAT.
From 2017 Georgia implemented a system of taxation similar to Estonian one, according to which profit is taxable at the moment of its distribution. The tax is not abolished just the taxable moment is postponed. Corporate income tax rate of 15% applies to profit distribution and also certain other transactions that are considered as “deemed distribution”, among other:
Also, when you are deciding on registration of a company in Georgia it is worth to consider special tax benefits for Virtual Zone Companies and Companies with International Status that are described above.
The cost Georgia Company formation depends on the chosen company type and legal structure. It will also depend on the other services that you may avail. Speak to us for a personalized cost estimate.
Yes, Georgia allows foreigners and non-residents to form a company. There is no limitation on corporate governance and foreign ownership, calling out all international entrepreneurs.
The decision depends on numerous considerations. You need to consider factors like business goals, liabilities, and tax implications. InteliumLaw is here to guide you through the process to help you choose the right option for your business.
Company formation in the country takes up to two weeks. The process includes legal entity establishment, registration with NRA, and other important things.
Legally to form a company in this country, you need to provide certain details like planned business activities, potential counterparties, key markets, and the submission of necessary documents. InteliumLaw offers comprehensive support to ensure compliance with all regulations and legalities.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
