Company incorporation in Georgia
When it comes to company incorporation in Georgia, more and more entrepreneurs are choosing this strategic location for its business-friendly environment, low taxation, and efficient setup process.Georgia stands out as a bridge between Europe and Asia, making it a smart choice for those looking to scale internationally.
With its minimal bureaucracy, fast online registration, and transparent legal system, setting up a business here is not only straightforward but also highly cost-effective. Whether you're launching a startup or relocating an existing structure, Georgia offers clear advantages for agile business growth.
In this guide, you’ll find everything you need to know to start your journey. We’ll cover the key steps, the documents required, the cost of incorporation, and how to navigate the entire business registration process in Georgia with clarity and confidence.
Fast facts about doing business in Georgia
Georgia ranks among the most attractive destinations for business incorporation in Eastern Europe and Central Asia. Entrepreneurs benefit from a robust combination of economic stability, efficient regulations, and a transparent legal framework.
Registering a company is fast and affordable, with many businesses set up in just a few days. Investors enjoy full ownership rights, no restrictions on repatriating profits, and simplified tax compliance procedures.
The country’s focus on digital transformation means services like online company registration in Georgia are not only available but widely adopted by foreign founders and locals alike.
Key economic indicators
Georgia’s economy has shown steady growth over the past decade, with strong performance in key sectors like tourism, transport, energy, agriculture, and information technology. The GDP growth rate averages 5–6%, and the national currency, the Georgian Lari (GEL), remains relatively stable. Georgia is also a member of the World Trade Organization (WTO) and has signed free trade agreements with the EU, China, Turkey, and the CIS countries. Foreign direct investment (FDI) remains a priority, and the government actively encourages international participation across multiple industries.
Georgia’s economy has shown steady growth over the past decade, with strong performance in key sectors like tourism, transport, energy, agriculture, and information technology. The GDP growth rate averages 5–6%, and the national currency, the Georgian Lari (GEL), remains relatively stable. Georgia is also a member of the World Trade Organization (WTO) and has signed free trade agreements with the EU, China, Turkey, and the CIS countries. Foreign direct investment (FDI) remains a priority, and the government actively encourages international participation across multiple industries.
Tax and legal environment
One of the biggest advantages of doing business in Georgia is its simple and attractive tax system. The corporate income tax rate is 15%, and dividends distributed to non-residents are taxed at just 5%. For companies that reinvest profits rather than distribute them, no corporate income tax is applied under the Estonian model. This system rewards long-term business growth and reinvestment. The legal environment is based on civil law and is designed to ensure transparency and ease of enforcement, following principles aligned with OECD tax policy and international governance standards. Contract law and property rights are well established, which gives international investors a high level of legal protection.
One of the biggest advantages of doing business in Georgia is its simple and attractive tax system. The corporate income tax rate is 15%, and dividends distributed to non-residents are taxed at just 5%. For companies that reinvest profits rather than distribute them, no corporate income tax is applied under the Estonian model. This system rewards long-term business growth and reinvestment. The legal environment is based on civil law and is designed to ensure transparency and ease of enforcement, following principles aligned with OECD tax policy and international governance standards. Contract law and property rights are well established, which gives international investors a high level of legal protection.
Why Georgia is a top destination for incorporation
New company registration in Georgia is not just a formality—it’s a strategic move. The process is fast, the regulations are clear, and the government actively supports foreign business initiatives.Companies of all sizes choose Georgia due to its competitive incorporation costs, stable banking system, and growing digital infrastructure. Whether you're setting up a tech startup or an international trading firm, Georgia provides the legal and financial support to scale.The combination of low taxes, straightforward compliance, and full foreign ownership rights makes Georgia a destination of choice for global entrepreneurs.
Strategic gateway between Europe and Asia
Located at the crossroads of major trade routes, Georgia offers direct access to the European Union, Middle East, and Central Asia. It is part of the Trans-Caspian International Transport Route and a key partner in China’s Belt and Road Initiative.This unique geographic position enables businesses to operate across multiple markets efficiently, reducing both logistics costs and delivery times.
With modern seaports, international airports, and well-connected infrastructure, Georgia provides the ideal base for companies looking to expand regionally and globally.
Business-friendly policies and reforms
Over the past two decades, Georgia has implemented a series of comprehensive reforms aimed at attracting investment and simplifying business operations.It consistently ranks high in the World Bank’s Ease of Doing Business index, thanks to its transparent administration, low corruption levels, and efficient public services.
The government promotes an open economy, provides support to startups, and maintains minimal licensing requirements. For entrepreneurs, this means fewer hurdles and more opportunities to focus on growth and expansion.
6 key advantages of incorporating in Georgia
Company registration in Georgia is one of the fastest in the region, often completed within 1 to 2 business days. The process is simple, fully accessible to foreigners, and supported by clear legal procedures.
Costs are low compared to most jurisdictions, with minimal government fees and the option to register entirely remotely, making it ideal for international entrepreneurs.
Georgia permits 100% foreign ownership across all major sectors, including finance, real estate, and technology. There are no residency or citizenship requirements for shareholders or directors.This openness enables founders to retain full control over their businesses without requiring local partners or nominees.
Georgia offers a favorable tax system with corporate income tax at 15%, but only on distributed profits. Undistributed earnings are not taxed, allowing companies to reinvest efficiently.
Special regimes such as the Virtual Zone for IT companies and Free Industrial Zones (FIZ) offer tax exemptions and simplified compliance, making Georgia highly competitive for startups and tech firms.
Opening a business or personal bank account is straightforward and fast, with major Georgian banks offering digital onboarding and English-language support.The regulatory environment prioritizes low bureaucracy, with simplified reporting, clear requirements, and minimal paperwork—freeing founders to focus on growth.
Georgia provides duty-free access to over 2.3 billion consumers through its trade agreements with the EU (DCFTA), China, CIS countries, and more.This strategic position enables companies to operate from Georgia while serving multiple high-demand markets, including both European and Asian partners.
The Georgian lari (GEL) remains relatively stable, supported by prudent monetary policies and a low-debt economy. The government actively promotes entrepreneurship through transparent regulations and pro-investment reforms.
Incentives for foreign businesses, a robust legal framework, and consistent economic growth make Georgia a secure and scalable hub for international ventures.
6 common challenges for foreign founders
While incorporation in Georgia is fast, foreign founders may struggle with local documentation standards, notarization, and procedural nuances. Mistakes in filings or translations can delay registration.Working with local advisors ensures that documents meet regulatory expectations and are accepted without revision.
Georgia offers simplified taxation, but rules vary by regime, such as standard taxation, Free Industrial Zones, or Virtual Zone status. Each has its own reporting requirements and exemptions.
Failing to apply the correct regime or misunderstanding VAT rules may result in unintended liabilities or missed benefits.
Most official documents and government systems operate in Georgian, and not all institutions provide English-language support. This can make it harder to access banking, legal, or compliance services independently.
Hiring bilingual legal or administrative support is often necessary to bridge communication gaps and avoid missteps.
Georgia offers multiple entity types and zones, from standard LLCs to entities in Free Industrial Zones (FIZ). Selecting the wrong structure or location can limit access to tax advantages or licensing options.
Understanding the implications of each setup is critical to aligning with your business model and goals.
While banking is generally efficient, due diligence procedures can vary by bank, especially for non-residents or companies in digital industries. Some founders may face extended KYC processes or requests for additional proof of activity.Advanced preparation and working with a bank-friendly service provider can help reduce friction.
Georgia has a growing talent pool, but foreign founders must still understand local labor laws, social security contributions, and employment documentation requirements.
Lack of clarity in employment terms or missing registrations can lead to penalties or disputes with tax authorities or employees.
Banking in Georgia: what to expect
Georgia offers a modern, secure, and business-oriented banking system that supports both local and international businesses. Whether you're a startup or a multinational, the country’s financial institutions provide easy access to banking services, often with English-speaking support staff and digital platforms.Banks in Georgia are known for their efficient onboarding, multi-currency accounts, and international wire capabilities. Most institutions are well-integrated with the National Bank of Georgia, ensuring strong regulatory oversight and financial transparency.
Opening a business bank account
Opening a corporate bank account in Georgia is relatively straightforward, especially once your company is registered. Most banks require the company’s founding documents, proof of director identity, and a physical address.Accounts can typically be opened within a few business days. Some banks allow remote applications, but a personal visit is often recommended for faster processing and establishing relationships with advisors.
Maintaining a corporate account enables seamless financial operations, including international transfers, salary payments, and tax declarations.
Local and international bank options
Entrepreneurs can choose between local Georgian banks or international institutions with a presence in the country. Leading local banks include TBC Bank, Bank of Georgia, and Liberty Bank, all offering robust business services.International clients also benefit from multilingual interfaces, online banking apps, and dedicated corporate advisors. SWIFT codes and IBAN accounts are widely used, making cross-border transactions fast and reliable.Some banks also offer merchant accounts, virtual cards, and integrated payroll solutions, which support a wide range of business models.
Taxation and compliance requirements
Georgia’s tax system is known for being transparent and pro-investment. Businesses must comply with local regulations, but the requirements are minimal compared to other jurisdictions.Companies are required to file monthly and annual tax returns, and digital platforms simplify the reporting process. Most services, including VAT and payroll filings, can be outsourced to local tax advisors.Non-compliance can result in fines, but the tax authorities are known for being efficient and cooperative, particularly with foreign-owned businesses.
Corporate tax structure and Estonian-style regime
Georgia has adopted a corporate tax model inspired by Estonia, allowing businesses to defer taxes on reinvested profits. This means that corporate income tax (15%) is only paid when profits are distributed.
If a company reinvests earnings into growth, operations, or assets, no tax is due at that point. This system supports sustainable expansion and makes Georgia especially appealing for long-term ventures.Dividends paid to non-residents are subject to a 5% withholding tax, making the overall burden among the lowest in the region.
VAT, payroll, and annual reporting
The standard VAT rate in Georgia is 18%, and registration is mandatory for businesses with annual revenues exceeding a set threshold. However, many startups and service-based companies operate below that level initially.
Payroll taxes include personal income tax (20%), social security contributions, and withholding obligations. Georgian employers typically handle these through automated systems or outsourcing.
Annual financial statements are required, with varying audit requirements depending on company size. Reporting is done digitally and is generally simple to manage with local accounting support.
Company registration timeline
Key steps and required documents
Registering a company in Georgia is straightforward and can be done entirely online or in person. Required documents include identification of founders, the company’s charter, proof of address, and, if applicable, a power of attorney.
Foreigners can register without visiting Georgia, as long as they provide notarized and apostilled documents, allowing for full remote setup.
Estimated timeline to full operation
Most companies in Georgia are incorporated within 1 to 2 business days after submission. Additional steps, such as bank account opening and VAT registration, may take 3 to 5 more days, depending on the bank and business type.Full operational readiness is often achieved within one week, making Georgia one of the fastest jurisdictions in the region.
Step-by-step: how to incorporate a company in Georgia
The LLC is the most popular option, suitable for most businesses and allowing limited liability, equivalent to a limited liability company (LLC) in other jurisdictions.Alternatively, Individual Entrepreneur status is ideal for sole operators with simpler operations.
Each structure has different tax and reporting requirements, so choosing the right one is key to long-term efficiency.
You must choose a unique company name and prepare the Articles of Association and related incorporation forms. These documents outline the company’s structure, ownership, and governance.Foreign founders may need certified translations into Georgian to meet local submission standards.
File the company documents with the National Agency of Public Registry (NAPR). Once approved, your company is legally formed and added to the Business Register.
This step can usually be completed within one business day, especially if submitted electronically.
After registration, the company receives a unique identification code, which is also used for tax purposes. There’s no need for a separate tax office visit—tax registration is automatic upon incorporation.This number is required for banking, invoicing, and all future compliance obligations.
Once registered, open a corporate bank account with a local bank or payment institution. Most banks require a visit or representation via power of attorney.You’ll need the incorporation certificate, tax ID, and KYC documents for all shareholders and directors.
If your turnover exceeds GEL 100,000, VAT registration becomes mandatory. Some businesses may also need special licenses, depending on their sector (e.g., finance, food, or transport).It’s also important to register for social contributions if hiring local employees.
Once your bank account is active and registrations are complete, you can begin business activities. Ongoing duties include monthly tax filings, bookkeeping, and annual financial reporting.Maintaining good standing is straightforward if you follow basic compliance procedures and stay up to date on obligations.
Georgian business culture & practices
Informal but respect-based
communication
Business interactions in Georgia are often less formal than in Western Europe, but still grounded in mutual respect and courtesy. Personal rapport matters, and decisions may depend on the strength of your relationship.
While meetings may feel relaxed, clear communication and follow-through on commitments are essential for building trust.
Strong emphasis on local relationships and networks
In Georgia, who you know often matters as much as what you know. Personal introductions, local contacts, and established networks play a major role in accessing opportunities and navigating bureaucracy.
Working with local advisors or partners can significantly accelerate processes like licensing, banking, and government communication.
How C2Z advisory can help you succeed in Georgia
Fast incorporation and banking support
C2Z Advisory handles the complete company formation process, from selecting the right structure to securing registration within 1–2 business days. We guide you through the setup remotely or on-site, based on your preference.Our team also assists with bank account opening, ensuring fast onboarding and compliance with KYC requirements—critical for international founders.
Tax planning and legal setup for international founders
We provide tailored advice on tax optimization, including choosing between standard taxation, Virtual Zone status, or Free Industrial Zone registration. This helps reduce your tax exposure while ensuring compliance.Our legal team also assists with contracts, licenses, and ongoing regulatory support, giving you the confidence to scale in Georgia’s dynamic market.
Frequently asked questions
Yes. Foreigners can fully own and manage companies in Georgia without any restrictions. You don’t need a local partner or director, and incorporation can be completed remotely with a power of attorney.Georgia’s open and business-friendly policies make it easy for international founders to set up and operate legally.
There is no minimum capital requirement to register a standard LLC in Georgia. You can incorporate with as little as GEL 1, making it extremely accessible for startups and solo entrepreneurs.This flexibility lowers barriers to entry and simplifies early-stage planning.
Absolutely. Georgia offers low-cost, low-tax business structures, and supports remote setup and management. The Virtual Zone regime is particularly attractive for IT businesses, offering 0% corporate tax on eligible activities.In addition, the remotely accessible infrastructure and favorable visa options make Georgia a strong base for digital-first companies.
Incorporation typically takes 1 to 2 business days once all documents are prepared. Remote registration is also available, with only a notarized and apostilled power of attorney required.Full setup—including tax ID and bank account—can be completed in under one week.
Georgia applies a 15% corporate income tax, but only on distributed profits. Undistributed earnings are tax-exempt, supporting reinvestment and growth.Other taxes include 18% VAT, 20% personal income tax, and 5% withholding tax on dividends, interest, and royalties paid to non-residents.