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Georgia Company Formation

Starting Offshore > Georgia Company Formation

Brief Overview:

Georgia is a country located at the crossroads of Western Asia and Eastern Europe. The population is 3.8 million and the capital and largest city is Tbilisi. Georgia is a unitary semi-presidential republic in which the government is elected through a representative democracy.

The Law of Georgia on Entrepreneurs, passed in 1994, is Georgia’s governing factor on start-ups. It has been amended several times since inception making corporate governance more efficient. Georgia’s legislative and regulatory framework allows the registration of a: Joint Stock Company, Limited Liability Company, General Partnership, Cooperative, Branch Office, and Limited Partnership. A Sole Proprietorship must also register but is not considered a legal entity and registration is not required for a joint venture. A registered agent prepares all the required application forms and legal documentation signed by the shareholders and directors. Once the entity is legally registered, the Registered Agent keeps the complete set of original documents.

The standard Value Added Tax (VAT) rate in Georgia is 18%. Exports, tourism facilities, international transport and transfers of gold to the National Bank of Georgia have a 0% VAT. Corporate tax in Georgia is set at 15% and for Georgian companies, the tax on dividends and interests is 5% for local and foreign entities as well as individuals.

Application Process:

In order to stream-line the application process, provide all required documentation and let our professionals expedite the registered incorporation. The documents needed must be in the English language or accompanied by an English notarized translation.

Documents Required :
  • A notarized color copy of a valid passport (one copy for each Shareholder, Director, Beneficial Owner, or Authorized Signatory)
  • A proof of residential address dated within the last 3 months (for example: a utility bill: one copy for each Shareholder, Director, Beneficial Owner, or Authorized Signatory)
  • A notarized copy of a Bank reference (for each Shareholder, Director, Beneficial Owner, Authorized Signatory)
  • A Curriculum Vitae (CV) (for each Director and Shareholder)
  • If Shareholders and/or directors are legal entities, it is required to submit a full set of certified company documents. If the company has been operating over a year, a certificate of Good Standing must be submitted.
  • You must submit three different company names in order of preference
  • An Attested Power of Attorney granting the authority to register a company in Georgia
  • Any paid-up capital

Timeframe:

Company Formation in  Georgia takes approximately 7 days since the moment we have received all the necessary documents.

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