When you register a company in Georgia, you create an entity that has its own legal obligations. A company is a type of business structure. Georgian company registration means that, you create a legal entity that’s separate from you. A company has different legal, financial and record keeping responsibilities compared to other business structures, so it’s important you know what’s involved. In order to register a company in Georgia, it is necessary to have a legal address in Georgia and submit document confirming the consent of the owner on using its property as the company’s legal address to the registration agency.
According to the “law of Georgia on Entrepreneurs” the following organizational and legal forms of the enterprises can be formed in Georgia:
A company, whose liability to creditors is limited to its assets. The capital of a limited liability company may be fixed in any amount and is divided into shares. A share shall be transferable. There is no restriction on capital amount when founding a LLC. Majority of the companies in Georgia are registered as LLCs.
An individual engaged in the economic activities. IE shall fulfil his/her rights and obligations as an individual and therefore is subject to personal liability.
A company whose capital is divided into shares of a certain types and quantity as determined by the charter of the company.There is no restriction on capital amount when founding a JSC. The company’s liability to its creditors is limited to all of its assets and the shareholders are not liable for the company’s obligations. A JSC may issue ordinary and preferred shares. JSCs in which number of shareholders exceed 50, shall maintain the share register through an independent registrar.
A company in which several persons carry out entrepreneurial activity under single common entity name. The liability of several partners to creditors of the partnership is limited to payment of a fixed guarantee amount (limited partners) while other partners (general partners) are jointly and severally liable. The partners of an LP can be both legal entities and individuals. Partners with limited liability are not allowed to participate in the management of the LP.
A company in which several persons (partners) conduct entrepreneurial activity jointly, under single common entity name, and are jointly and severally liable with all their assets to the creditors as joint debtors.
A company may establish its sub-unit in Georgia that is not a separate legal entity. The BO of the Georgian company is not subject to registration at NAPR.
A company which is based on the labor activity of its members or established for developing the business and increasing the income of the members. The main objective of a cooperative is not to gain the profit but to satisfy the members’ interests. The liability of a cooperative to creditors is limited to its own assets.
There are no restrictions on foreign ownership or corporate governance of legal entities in Georgia with few exceptions. A company shall have a charter capital, but the Georgian legislation does not contain any specific requirements with regards to the amount of charter capital. Also Georgian legislation does not contain any limitations with regard to the minimum/maximum number of directors/founders of a company. Therefore, it is upon the discretion of founding partners to determine the charter capital amount. The National Agency of Public Registry (NAPR) provides the registration of all types of legal entities. The registration completed on the same day of submission of required documents costs 200 GEL, otherwise ordinary registration takes 1 (0ne) business day and the relevant fee is 100 GEL. The list of documents required to register a company depends on the organizational-legal form of the company and its founders.
Following documents are required to be submitted for ordinary Limited Liability Company (LLC) registration:
For Georgian company registration it is required that all the documents issued outside Georgia shall be notarized and apostatized or legalized, then translated in Georgian and notarized. In order to register as an IE, an interested person shall submit an ID card (or valid international passport) and application for registration.
- No restrictions on foreign ownership or corporate governance of legal entities in Georgia.
- Not any specific requirements with regards to the amount of initial capital.
- Not any limitations on the number of directors/founders of a company.
- Company registration is possible without being in the country .
- Company can be fully managed remotely.
- Registration can be completed on the same day of submission.
Establishment of business entity in any foreign country is related to certain legal issues, procedures, documents time frames and language barriers. We offer easy and reliable Georgian company registration. We can register your new Georgian company even without your presence in the country and take care of all required procedures including:
If you’ve decided to start your business in Georgia we can prepare all the necessary documents and organize registration of your company, even remotely without your presence.
Register your company in Georgia with our tailored company registration packages.
Company legal address
Tax & Pensions agency registration
Opening bank account
Assistance in obtaining tax certificate
Free customer support
Incl. agency fees
Incl. agency fees
Incl. agency fees
Incl. agency fees
There are 6 (six) simple steps listed below you need to go through for Georgian company registration remotely in accordance with Georgian legislation.
Once submitted, our incorporation expert will review your application to ensure it meets all the requirements to be accepted by the agency, determine which entity type is the best to set up and contact you to discuss what is needed to start your business in Georgia.
You set up an apostatized or legalized Power Of Attorney (POA) according to the draft templates already sent by us with your local notary for company formation in Georgia and send to us by post.
After receiving your documents we translate and notarize all the papers, prepare and file all business formation documents and complete supporting articles of incorporation with the agency.
Final registration documents and our service invoice are sent to you. You can have peace of mind and confidence knowing that the right business entity has been formed in the right way.