Set up a company in Georgia as a foreign founder: cost, time and ownership
The usual company type for a foreign founder in Georgia is the LLC. Minimum capital: None stated (subscribed capital may be any amount where shares have no nominal value). Government fee: GEL 200 for 1-working-day registration; GEL 400 for same-day registration.
The LLC in Georgia, from the official pages
| What | Detail | Source |
|---|---|---|
| Government fee and time | Registration of an entrepreneur (company): 1 working day for GEL 200. | napr.gov.ge |
| Same-day option | Same-day registration costs GEL 400. | napr.gov.ge |
| Foreign founders | The law provides for founders who are not Georgian citizens, or are foreign legal persons. | matsne.gov.ge |
| Minimum capital | Where shares have no nominal value, subscribed capital may be any amount. | matsne.gov.ge |
| Registered local address | A company's legal address must be its actual address in Georgia. | matsne.gov.ge |
| Signing | Founders' signatures on the instrument of incorporation must be notarised (exceptions include NAPR certification or a qualified e-signature). | matsne.gov.ge |
| Corporate income tax | Profit tax rate is 15%. | matsne.gov.ge |
| Tax on distribution | The object of profit tax includes distributed profit. | matsne.gov.ge |
| Retained profit | Georgia's investment agency states retained and reinvested profit is not taxed; profit tax applies to distributions. | investingeorgia.org |
| Annual compliance | Profit tax returns are filed monthly, by the 15th of the following month. | matsne.gov.ge |
Questions founders ask about Georgia
- What is the minimum capital for a company in Georgia?
- None stated (subscribed capital may be any amount where shares have no nominal value).
- How much does it cost to register a company in Georgia?
- GEL 200 for 1-working-day registration; GEL 400 for same-day registration.
- How long does it take to register a company in Georgia?
- 1 working day (GEL 200) or same day (GEL 400).
- What is the corporate tax rate in Georgia?
- 15% profit tax, charged on distributed profit.
Other countries
Australia · Colombia · Cyprus · Estonia · Hong Kong · Indonesia · Ireland · Malaysia · Malta · Mexico · Netherlands · Philippines · Portugal · Singapore · Spain · Thailand · United Arab Emirates · United Kingdom · Vietnam
To weigh the choice, read where to incorporate as a remote founder.
- Company type
- Limited liability company (LLC), registered with the National Agency of Public Registry (NAPR), including via Public Service Hall
- Foreign ownership
- Not stated as a percentage; the Law on Entrepreneurs provides for foreign natural and legal persons as founders
- Minimum capital
- None stated (subscribed capital may be any amount where shares have no nominal value)
- Government fee
- GEL 200 for 1-working-day registration; GEL 400 for same-day registration
- Time to register
- 1 working day (GEL 200) or same day (GEL 400)
- Local director
- Not confirmed: no residency rule for directors found in the Law on Entrepreneurs
- Register from abroad
- Not confirmed: founders' signatures must be notarised, certified by NAPR, or made with an e-signature under Georgian law
- Corporate tax
- 15% profit tax, charged on distributed profit
- Official page
- napr.gov.ge
- Checked
Fees, capital rules and timings change. Check napr.gov.ge before you register, and get a written quote from any agent you use. Spotted something out of date? Tell us in the members' chat.