Business Registration Service in Georgia
Do you need our help?
Remote or In-Person Business Registration in Georgia - Procedures
Registering a company or an individual entrepreneur in Georgia typically takes one business day, assuming all necessary documents are prepared and submitted to the Public Service Hall (PSH- where business registration occurs). It is possible to expedite the process and register the entity on the same day.
Business registration can be completed either in person (when a representative is present in Georgia) OR remotely using a Power of Attorney (POA). Regardless of the method chosen, it is advisable to engage a local service provider to mitigate potential miscommunication with PSH representatives and ensure that all required documents are accurately submitted, thus avoiding errors in the registration process.
Government Fees for Business Registration in Georgia
The fees for registering a company with the Public Service Hall (including the fee for requesting English translation of registration extract) are as follows:
Company Registration:
– Ordinary Registration: ~250 GEL (~$88)
– Expedited Registration: ~450 GEL (~$158)
Individual Entrepreneur Registration:
– Ordinary Registration: ~60 GEL (~$21)
– Expedited Registration: ~85 GEL (~$30)
For more details about the business registration process, necessary documents, and other nuances, refer to OUR BLOG. This blog is written based on our extensive experience, as we regularly assist clients with business registrations. Therefore, we have gained insights into almost all scenarios of business registration.
Full Package of Business Registration Services in Georgia Offered by TPsolution LLC
TPsolution LLC is specialized in tax and accounting services, providing expertise in all procedural and legal aspects related to business registration and operation in Georgia. By choosing our services, you will receive not only technical support for business registration and opening a bank account but also guidance on potential tax implications, including risks and benefits, reporting obligations, administrative burdens, and other liabilities associated with running a business in Georgia. This proactive approach helps you minimize the risk of unexpected issues with the Georgian tax authorities as well as other potential problems in the future.
As of today, TPsolution has successfully assisted over 1,000 clients (with all type of service we offer), primarily foreign individuals and companies looking to relocate their businesses to Georgia or Georgian companies with foreign shareholders. We understand the challenges you may face when relocating to Georgia, the benefits you can expect, and the potential risks associated with doing business here. Therefore, our expertise can help you establish a well-planned business in Georgia.
Tax Consultation for Foreigners Before Business Registration in Georgia
Foreigners looking to relocate or establish a business in Georgia often hold overly optimistic views about the country’s tax and investment environment. These misconceptions frequently stem from misleading information available online, which fails to address potential tax risks and ambiguities within Georgian tax law.
Relying solely on internet research for Georgian tax system can lead to unforeseen tax liabilities, including tax assessments and penalties, if your company or sole proprietorship is audited by the Georgian tax authorities. Many consulting firms and influencers promote Georgia’s investment opportunities without presenting the complexities of its tax system, leading to unrealistic expectations for newcomers.
To clarify: We are not implying that the Georgian tax system or investment environment is unattractive. In fact, Georgia offers multiple advantageous tax rates and incentives. However, before you can benefit from these tax incentives, it is essential to thoroughly analyze, preferably with professional assistance, whether you meet all the prerequisites and satisfy the criteria established by law. Tax incentive laws can be tricky, and with a closer look or expert advice, you might find details that aren’t obvious at first.
Therefore, it is essential to seek professional tax consultation from an experienced Georgian tax advisor before proceeding with business registration. Even a brief consultation can clarify potential tax implications for your business, ensuring that your expectations align with reality.
At our firm, we prioritize transparency and realistic assessments of the tax landscape in Georgia. Our consultations aim to equip you with a clear understanding of potential tax challenges, helping you avoid future complications. We encourage you to explore the TAX-RELATED ARTICLES authored by our managing partner, Gela Barshovi to see our commitment to providing objective insights into the Georgian tax system.
As of today, TPsolution has successfully assisted over 1,000 clients (with all type of service we offer), primarily foreign individuals and companies looking to relocate their businesses to Georgia or Georgian companies with foreign shareholders. We understand the challenges you may face when relocating to Georgia, the benefits you can expect, and the potential risks associated with doing business here. Therefore, our expertise can help you establish a well-planned business in Georgia.
Start with a tax consultation before registering your business in Georgia
If you choose TPsolution as your service provider, the first step will involve a tax consultation provided by our experienced and qualified tax expert, Gela Barshovi.
Once you receive satisfactory feedback from a taxation expert, you can confidently move forward with your business registration in Georgia. During the consultation, you will also receive guidance on whether to register as a company or an Individual Entrepreneur. In some cases, the initial consultation may lead you to reconsider or postpone your registration if your expectations regarding Georgian tax system (For example, about available tax incentives such as the Virtual Zone Person status, International IT Company Status, or Small Business (1% tax) status) prove to be unrealistic.
Advantages of Choosing TPsolution LLC for Business Registration Services
The first and most significant advantage of TPsolution as a business registration service provider is our unique combination of tax and technical support. We are not merely a technical team assisting with the business registration process; we are professionals in taxation and accounting, offering comprehensive business registration assistance together with Tax and Accounting services to our clients.
Initially, we provide expert advice on taxation matters, recommend the best business structure, and guide clients on the necessary documentation. We assess whether it is more advantageous to register as a company or as an individual entrepreneur. Only after this thorough consultation do we initiate the business registration process alongside our clients.
We operate under a one-window principle, allowing clients to access a full range of services including tax consultation, document preparation, technical assistance throughout the registration process, legal address provision, ongoing tax advice, and accounting services. This approach saves you time and effort by eliminating the need to engage multiple service providers.
By choosing TPsolution LLC, you ensure that your business registration process in Georgia is efficient and informed by expert advice tailored to your specific needs.
TPsolution LLC: Comprehensive Business Registration Services
TPsolution LLC provides a complete suite of business registration services, which includes:
Initial General Consultation: We provide guidance on the documents required for registering a company or an Individual Entrepreneur (IE). Some of these documents will need to be provided by you, while others will be prepared by us.
Tax Consultation: A one-hour tax consultation is highly recommended as the first step in the business registration process. This session helps clients understand the tax implications of their company or IE in Georgia, covering tax rates, reporting obligations, and potential tax benefits or risks. Gaining clarity on these factors is essential before proceeding with registration to avoid unexpected issues later.
Preparation of Registration Documents: We prepare essential documents for company registration, including shareholder decisions and Power of Attorney (if applicable). Additionally, we facilitate the Georgian translation and notarization of these documents whenever translation is needed.
Support at Public Service Hall: Our team assists clients during the registration process at the Public Service Hall. This support is available both in person (when the shareholder/director is present) and remotely (when procedures are conducted via Power of Attorney).
Provision of Legal Address: A legal address is included in our registration service fee for a specified duration.
Company or IE Registration on Napr.gov.ge: We manage the registration process on the official government platform.
Taxpayer Page Registration: We complete all necessary information on the taxpayer page at rs.ge, which a platform of the Georgian Revenue Service (GRS-Georgian tax and custom administration).
Obtaining Tax Incentives: If, after conducting a tax analysis, it is concluded that you or your company qualify for any of the tax incentives provided by Georgian tax law (such as “Virtual Zone Person,” “International IT Company,” or “Small Business”), we offer support in obtaining the relevant status or certificate from the appropriate Georgian government authority.
Bank Account Opening Support: We assist clients in opening a business bank account in Georgia once their company or IE is registered.
Additional Support: Tailored assistance based on specific client needs is also available.
After your company or individual entrepreneur is registered and a business bank account has been opened, based on our mutual agreement, TPsolution will continue to provide accounting/bookkeeping, tax reporting, and ongoing tax consultation services. This ensures you receive comprehensive support through our one-window approach.
If you choose to register a company or an individual entrepreneur in Georgia, being present during the registration process can significantly smooth the process. This is particularly beneficial if the shareholder is an individual. However, if you are unable to travel to Georgia or prefer to handle the process remotely, we offer comprehensive remote support.
In such cases, our remote support in business registration process includes:
- Drafting a relevant Power of Attorney (POA) tailored to your needs.
- Advising on additional necessary documents beyond the POA for remote business registration and bank account opening.
- Providing guidance on whether documents need to be notarized, apostilled, or legalized before being sent to Georgia.
- Organizing translations of all documents into Georgian and obtaining approval from a Georgian notary.
- Representing you at the Public Service Hall during the business registration process once all documents and notarized translations are prepared.
- Providing relevant documentation confirming that your business is officially registered in Georgia with all necessary details.
For more information about the business registration process or to request our service fees, please contact us via email at Info@tpsolution.ge or fill out our contact form here: https://tpsolution.ge/contact/
Professional Business Registration services
Frequently Asked Questions about
Business Registration in Georgia
Yes. There are no restrictions on foreign shareholders, whether individuals or entities, in establishing a company in Georgia.
Yes. There are no restrictions on foreign shareholders, whether individuals or entities, in establishing a company in Georgia.
No. Foreigners can serve as directors of Georgian companies without any limitations.
Yes. A residence permit is not required for a foreigner to be appointed as a director of a Georgian Limited Liability Company (LLC).
There is no minimum capital requirement. You can start an LLC in Georgia with zero capital.
Yes. Citizens from any country can register as individual entrepreneurs in Georgia without additional preconditions.
Yes. Foreigners can register as individual entrepreneurs in Georgia even if they are not tax residents of Georgia or do not have a Georgian residence permit.
Yes. Registration information for LLCs and Individual Entrepreneurs is public and can be accessed through the official website of the Public Service Hall.
Yes. There are currently no legal restrictions preventing foreigners or non-tax residents from obtaining small business status, provided they meet all the necessary criteria.
Yes. A legal address is a mandatory requirement for registering any company in Georgia.
Yes. Having a legal address is necessary for registering an individual entrepreneur.
Yes. Renting an office is not legally required for business registration; however, the company must have a legal address. Note that having an office may positively influence banking relationships and in some cases for taxation purposes it is important to have a sufficient business substance in Georgia (including office and staff).
No. Under Georgian law, an individual entrepreneur is not classified as a legal entity, unlike Limited Liability Companies (LLCs), which are recognized as legal entities separate from the owner individuals.
Yes. Starting from 2024, Georgia is a member of the Common Reporting Standard (CRS) system, facilitating international tax compliance and information sharing.