Entity set up in Georgia

Georgia – Company establishment

Global Expansion Plus provides you with all necessary legal, corporate, and secretary services in Georgia. Before you start the process of registration, you need to consider the following questions:

Legal forms in Georgia

  • How properly choose the legal form of the business?
  • What are the advantages and disadvantages of a given legal form?
  • What are the requirements of each form?
  • What risks are associated with each form?
  • What is governmental support for foreign investors?

Please refer to our publication and articles to find more information.

Taxation regime in Georgia

  • What type of tax system to choose, taking into consideration the planned activity?
  • Do you need to register as a VAT payer?
  • What tax incentives you can use in your business?
  • What the official tax loops available for your business?
  • What is the free industrial zone in Georgia?
  • What are the benefits of IT-companies in Georgia?

Please refer to our publication and articles to find more information.

Name of the company in Georgia

It is necessary to choose a few suitable names. The main difference between this jurisdiction and other states is that Georgia allows the existence of two identical company names. However, they must differ in the type of activity.

Registration address in Georgia

A prerequisite to open a company is the presence of a legal address. The rent agreement will be shown in the Chamber of Justicia for registration purposes. Global Expansion Plus provides a virtual address service.

Founder – legal or individual in Georgia 

Whether an individual or legal entity will found the company, the client will also have to provide several documents that should be used in the registration process. Among the documents necessary for opening a company in Georgia: copies of shareholders’ and directors’ passports, sample signatures, charter, certificate of registration. It is possible to avoid a visit of the country for this purpose and delegate authority to the representative by Power of attorney. Based on this document, the company can be registered in the local state register, and also the bank accounts of the company can be opened.

Types of activity in Georgia

A company should carefully select types of activity considering planned activity. Corporate lawyer of Global Expansion Plus can support you with a careful selection. Opening a company in Georgia to carry out certain activities in the sphere of healthcare, security, environmental protection, communications, energy, and gambling will require a license. A complete list of licensed activities is contained in the Georgian Law on Licenses and Permits.

Amount of issued/share capital in Georgia

The authorized capital of LLC is not legally defined, as well as the procedure for its payment. In general, it is possible to avoid payment by simply announcing it. But in this case, the participant of the LLC bears personal responsibility within the declared authorized capital. If the authorized capital is paid in full, then the liability of the participant is limited to his contribution.

Directorship in Georgia

A minimum of one person is required. A non-resident can be appointed as a director; a foreign director will need to obtain a work permit. The legal entity is not able to be appointed as the director.

Client journey

Initial stage

  • Consultation with our corporate lawyer targeting all points listed above;
  • Preparation of notarized and apostilled Power of Attorney (if needed);
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Registration Stage

  • Preparation of the article of association;
  • Preparation of the minutes of the meeting of members of the company;
  • Obtaining of notary approval of the documents;
  • Filling out an application for state registration of a legal entity;
  • Payment of government fee;
  • Registration of the company with state registrar;
  • Obtain a registration certificate;

 

Tax Stage

  • Filling and applying for VAT registration;
  • Directors employment registration with tax authorities;
  • Obtain an electronic signature for the company used to submit tax returns electronically;
  • Sign an accounting outsourcing contract to support your activities and tax compliance
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Final stage

  • Opening a bank account;
  • Signing a legal support contract;
  • Make a seal;

Additional services

  • Transaction support- mergers and acquisitions;
  • Change of the legal address;
  • Change of name of the company;
  • Change of director;
  • Change in the issued capital;
  • Other changes to the charter documents of a legal entity;
  • Registration of TM (trademark);
  • Copyright registration;
  • Contract preparation;
  • Obtaining certificates or tax registration;
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