Georgia company registration

Georgia company registration

DOING BUSINESS IN GEORGIA

Since 2003, Healy Consultants has assisted our Clients with business registration in Georgia. Our services include i) Georgia business registration ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

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  • Advantages and disadvantages

    Advantages of Georgia company registration

      business registration facts in Georgia
    1. Georgia is a newly industrialized country, which has experienced high growth rates of 9 – 12% since 2000. Due to a continuously reformed economy, it has managed a relatively stable level of growth, especially compared to other similar nations;
    2. Georgia’s economy is heavily reliant on hydroelectric power and agriculture. The strength of these industries has led to Georgia’s strong sustainable growth;
    3. A Georgia Limited Liability Company (LLC) is the most common type of company. To register a company in Georgia, only 1 shareholder and 1 director is required.There are no minimum capital requirements;
    4. Georgia has recently established several new double taxation treaties, in addition to the 31 treaties it already has with major trading partners;
    5. Georgia is positively ranked as the 24th easiest country to do business in;
    6. Georgia was positively ranked as the 22nd freest economy in the Heritage Foundation’s 2015 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. A free labor market and minimal trade regulations were listed as the main reasons behind Georgia’s rank;

    Disadvantages of Georgia company registration

    1. A Georgia LLC is liable for a corporate tax rate of 15%, and may be liable to pay a VAT rate of 18%;
    2. Georgia is negatively ranked as the 72nd most competitive economy in the world in the Global Competitiveness Report 2013 – 2014, up from 77th in 2011;
    3. Georgia is negatively ranked as the 52nd least corrupt country in the world, according to the 2015 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

Company registration

  • Time to incorporate: Four weeks
  • Cost to set up: US$9,550
  • Minimum capital: US$1
  • Physical office required: Yes

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 15%
  • Corporate tax base: Worldwide
  • Shelf companies: No
  • Main company type: LLC

Contact us

For additional information on our company registration services in Georgia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Karen Lee, directly:
client relationship officer - Karen