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.
The main reason for most of our client to incorporate in Georgia is TAXES, TAXES and TAXES;
A limited liability company (LLC) in Georgia is a legal entity formed by maximum 50 shareholders and may be incorporated by at least one founder. This is the most popular type of legal entity preferred for incorporation by both local and foreign investors and our team of specialists in company formation in Georgia can offer in-depth assistance regarding the registration of this business form.
The capital of the limited liability company opened in Georgia is divided into shares and the responsibility of each member is limited to the value of his/her shares. The shares are freely transferable and the members may also leave them as inheritance. If a member of the company owns a single share, that share can’t be sold. At the same time, it is important to know that the entity registered as a limited liability company must add in its trading name the particle “LLC”, the abbreviation available for this legal entity.
Another important aspect referring to the limited liability company in Georgia is that this entity can be set up by an individual or by a legal entity. This is the most common business form registered in Georgia due the liability of the shareholders, which is limited to the number of shares they own in the company. Each limited liability company is based on a charter, where all the internal regulations of the company are stipulated.
Other available entity types are JSC, International trading company, International finance company and Free zone Company. Please contact us for more information!
|Entity type and suffix:||Limited liability company, LLC|
|Shareholders/Founders:||at least 1 person or legal entity, foreign entities accepted|
|– Documents||Copy of I.D. document of a founding partner(s)|
|Directors:||at least 1 natural person, non-resident directors accepted|
|– Documents||Copy of I.D. document of a person to be registered as a director|
|Share Capital:||min. USD 1|
|Residency:||An entity generally is considered a resident of Georgia if it is registered in Georgia|
|Corporate tax:||0% / 15% Tax is paid only if corporate profits distributed|
|VAT:||Maybe liable to pay a VAT rate of 18% (if annual revenue exceed GEL 100,000 must register for VAT purposes)|
|Annual financial report:||Yes|
|Registration address:||Yes (in Georgia)|
|A Company bank account:||Start account is not required before company registration|
|Free zone registration:||Regular annual registration is due April 1 and costs $50. There is a $25 late fee. Although you can submit a hard copy of your renewal, electronic filing is both faster and more convenient than paper filing.|
COMPANY REGISTRATION EXPENSES: from EUR 100 (USD 125)
Pricing: Expenses may vary depending on entity type, document requirements and type of founders
ASSISTANCE & CONSULTING BEFORE AND DURING THE INCORPORATION: from EUR 495
Pricing: EUR 99 – 185 /hour depending on tasks (min assignment with the Georgia company set up is 5 hours)
ADMINISTRATION, LEGAL & ACCOUNTING SERVICES: Optional
Pricing: ask quotation from selected services
COMPANY FORMATION EXPENSES FROM:
|REGISTRATION FEES:||EUR 100|
|ASSISTANCE & CONSULTING:||EUR 595|
|ADMINISTRATION, LEGAL & ACCOUNTING:||Optional|
|GEORGIA COMPANY FORMATION FROM:||EUR 695|
IS GEORGIA FOR YOU? Please send your contact details to schedule a phone meeting or send a brief information package so we can get back to you with tips and quotation. We normally reply to queries within 3 hours!
All rights reserved. NOVASIGMA is a trademark of SilverFox & Co. Inc. Online services by NOVASIGMA LIMITED - Suites 41/42, Victoria House 26 Main Street, Gibraltar GX11 1AA.