Georgia has become increasingly appealing to foreign investors due to its low tax rates, simplified bureaucracy, fast digital infrastructure, and strategic position between Europe and Asia. Its free trade agreements with the European Union, open property ownership system, and modern banking infrastructure further enhance the country’s business environment.
Georgia has become increasingly appealing to foreign investors due to its low tax rates, simplified bureaucracy, fast digital infrastructure, and strategic position between Europe and Asia. Its free trade agreements with the European Union, open property ownership system, and modern banking infrastructure further enhance the country’s business environment.
The most commonly preferred business entity in Georgia is the Limited Liability Company (LLC). Other available structures include Individual Entrepreneur (IE), Joint Stock Company (JSC), Branch, and Representative Office. However, LLCs are the most advantageous in terms of flexibility, taxation, and ease of formation—especially for foreign small and medium-sized investors.
Yes. There is no requirement to be a Georgian citizen to register a business in Georgia. Foreign individuals or legal entities can own 100% of a Georgian company. There is also no obligation to have a local partner. This openness makes Georgia highly attractive to foreign investors.
The process is handled by the National Agency of Public Registry (NAPR), operating under the Ministry of Justice. Applications can be made in person at Public Service Halls in cities like Tbilisi or Batumi. In some cases, it is possible to register the business online. The registration is typically completed within one business day, and the company is issued a registration number the same day.
The required documents are minimal. A valid passport, articles of incorporation (charter), decision of appointment for the director, and an application form are sufficient. Documents can be submitted in English or Georgian. Notarization is generally not required but may be needed in specific situations.
Georgia is one of the most cost-effective countries for business registration. The official registration fee is around 100 GEL. If same-day registration is requested, the fee may rise to 200 GEL for express service. If working with a consultant, total costs rarely exceed a few hundred USD.
After registration, you can open a corporate bank account at local Georgian banks. Banks in Tbilisi and Batumi are accustomed to working with foreign clients. Required documents include your passport, company documents, and a brief business description. Most banks offer multi-currency accounts in GEL, USD, and EUR.
The standard corporate income tax rate in Georgia is 15%. However, tax is only payable when profits are distributed. If profits are retained within the company, no tax is due. This is known as the Estonian model and encourages reinvestment. Once profits are distributed, a 15% corporate tax and a 5% dividend withholding tax apply, leading to an effective rate of around 20%.
The standard VAT rate in Georgia is 18%. However, businesses with annual turnover below 100,000 GEL are not required to register for VAT. Exporters benefit from a 0% VAT rate. This is a major advantage for companies engaged in international trade.
If you register as an Individual Entrepreneur, you may qualify for Georgia’s “small business” regime. Under this system, eligible businesses pay only 1% to 3% tax on turnover depending on income level. This is particularly suitable for freelancers, consultants, and digital professionals.
Yes. Foreign nationals who establish a company in Georgia can apply for a residence permit. Currently, if your investment is at least $50,000 USD in capital, you may apply for a temporary or investment residence permit. This permit allows long-term stay and can be extended. Family members are also eligible.
Georgia has signed free trade agreements with the EU, China, Turkey, Ukraine, and others. Companies registered in Georgia can export goods to these countries with reduced or zero customs tariffs. This provides a strategic advantage for businesses seeking to establish production or logistics hubs.
Yes. Georgia offers an e-residency program that allows foreign nationals to set up and manage companies without being physically present in the country. E-residents can incorporate businesses, open bank accounts, and obtain a digital signature. This is ideal for digital nomads and cross-border service providers.
General trade, IT, e-commerce, consulting, and creative services do not require a special license. However, industries such as banking, insurance, education, pharmaceuticals, energy, and mining are regulated. Companies in these sectors must apply for specific licenses from relevant government agencies.
All tax declarations in Georgia are submitted online through the Revenue Service portal. Registered companies must file monthly or quarterly returns depending on their activity. Although English support is limited, working with a local accountant is highly recommended. Monthly accounting fees typically range between 100 and 200 GEL.
Georgia offers a young, tech-savvy, and multilingual labor force. Average salaries are low compared to other European countries, and the labor code is flexible. Foreign or local employees can be hired without restriction. Many candidates speak Georgian, English, Russian, and even Turkish.
No. You are not required to rent a physical office. Many entrepreneurs use virtual office services or coworking spaces. Tbilisi and Batumi offer many affordable solutions that include a legal address, mail handling, and basic administrative support.
Yes. Georgia is particularly suitable for software developers, e-commerce professionals, digital marketers, and remote service providers. The low tax burden, free currency movement, and fast setup process make it highly appealing for global entrepreneurs.
Georgia and Turkey have a visa-free travel agreement and strong commercial ties. Many Georgian banks support TRY transactions. Turkish-speaking consultants and accountants are easy to find. The land border allows convenient business travel between the two countries.
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