Company formation in Republic of Georgia

Company formation in Republic of Georgia

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WHY TO START BUSINESS IN GEORGIA

Georgia has one of the most competitive markets in its region, which offers numerous incentives for the development of the business environment. Georgia is a newly industrialized country, which has high growth rates of 9-12% since 2000. Due to a continuously reformed economy, it has managed a relatively stable level of growth, especially compared to other similar nations.

  1. On 1 January 2017, Georgia moved from a tax regime under which companies were subject to tax on their annual taxable profit system where tax is paid only if corporate profits are distributed (Estonian Model). Otherwise saying corporate tax in Georgia is 0% as far as profits haven’t been distributed! Multiple tax schemes also provide for generous tax exemption on foreign sourced income (read more about tax residency for High-Net-Worth individuals).
  2. International trading company (special trade company); international businessmen can register their company as a special trade company in order to benefit from Georgia corporate income tax exemption
  3. Financial Licenses available; Georgia companies offering financial services to overseas customers can benefit from full corporate income tax exemption on all income related to the sales of financial services and securities to non-Georgian customers, as long as their foreign sourced income exceed 90% of their total income
  4. Georgian international financial companies are attractive for the provision of offshore financial services to worldwide customers
  5. Free zones available; Foreigners can form a wholly owned company in one of Georgia’s free trade zones which offers tax advantages, including full exemption from corporate income tax and VAT, and exemptions from property tax
  6. Issued share capital required: US$ 1
  7. Currency used in business in Georgia is USD

Georgia company formation fees in Tbilisi: Novasigma 1490€

GEORGIA COMPANY FORMATION & BANKING SERVICES

Preparing required legal and incorporation documents with Novasigma

  1. KYC -process & assistance document certification
  2. Company name (+search)
  3. Minutes of directors and shareholders
  4. Share capital & classes
  5. Memorandum and Articles of Association
  6. POA(s)
  7. Company formation with Novasigma lawyer and local registered agent
  8. Local registration / government fees for first year
  9. Certified company documents
  10. Appointment of Novasigma secretary and accountant to work with company management

INCORPORATION PROCESS AND REQUIREMENTS IN GEORGIA

 

EXTRA FEE MAY APPLY IN CASE OF:

  1. Business consultation, legal/tax advisory or research required before incorporation
  2. More than 1 founder or founder is a legal entity
  3. More than 1 director
  4. Resident director or company representative required before incorporation
  5. Nominee or “technical” director/shareholder required before registration
  6. Company documents with Apostille
  7. Assistance in bank account opening
  8. Free zone or Special license company registration (e.g. Financial services, gambling…)
  9. Public Limited Company registration
  10. Tailor-made shelf company with management and bank account to start business 100% remotely

SEND YOUR DETAILS – WE WILL COME BACK TO YOU WITH QUOTATION WITHIN 3 HOURS!

ADMINISTRATION & ACCOUNTING SERVICES:

GEORGIA – ADMINISTRATION & ACCOUNTING

  1. Local registered address service in Tbilisi
  2. Assistance in banking relations, payment services and required insurances
  3. Basic bookkeeping, VAT, accounting and payroll services up to 2-3 h/month
  4. Drafting agreements and minutes of meetings
  5. Maintaining statutory records and registers of the company
  6. Handling correspondence with third parties and various authorities
  7. Assistance in everyday business operations and problem solving by Novasigma consultants
  8. Annual renewals and declarations by law

Extra fee may apply in case of…

  1. Physical office address required
  2. Novasigma will introduce the Client to the cooperating bank or financial services institution / Bank account opening by Novasigma
  3. Monthly accounting and bookkeeping will require more than 3h/month, company will meet audit requirements, local accounting software required
  4. Changes in company or Apostille (notary and legal fees), Due Diligence or arrangement of share issues
  5. Assisting in obtaining any necessary license for a company to perform its business activity (e.g.: investment services; portfolio management)
  6. Factoring, funding or debt collection services required
  7. Recommendation letters, certification of documents by Novasigma lawyers
  8. Advanced tax planning for a company or shareholders
  9. Foreign Branch registration required

 

Georgia company formation fees in Tbilisi: Novasigma 1490€

 

START BUSINESS IN GEORGIA – MAKE AN ENQUIRY

  • (*) Administration services agreement will start from the date of incorporation.
    (*) Assistance in banking services will be available for administration clients only.
  • 0,00 €
    We will send you a detailed quotation after we have proceed your offer request. Payment options: Wire-Transfer, Credit Card, Bitcoin

 

 

Georgia company formation fees: Novasigma 1490€

 

COUNTRIESGEORGIADOING BUSINESS IN GEORGIA – COMPANY FORMATION IN GEORGIA

Available services

  • LEGAL, BUSINESS AND TAX CONSULTING
  • Company Formation
  • Company Administration
  • Company disclosure in netherlands, UK, Germany, Russia
    Business Disclosure & Redomiciliation
  • Marine, Aircraft & Vehicle Registration
  • Novasigma offers citizenship programs with Caribian passports and tax residencies with a immigration service
    Residency & Citizenship Solutions

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