The corporate income tax, the property tax, the value added tax or various customs duties are payable by companies in Georgia. Other taxes and duties like taxes on gambling are levied in the country.
The duration of the incorporation procedure depends on the type of company and if all the documents are in order. On average, the investor will need about one week.
A company incorporated in Georgia will need to have a registered office in the country.
After choosing the right type of company, the investors will need to choose an available company name and start the registration procedure with the National Agency of the Public Registry. After the company is registered it can apply for other permits and for VAT registration. Finally, the investor can hire employees.
The minimum share capital depends on the type of company. For example, the limited liability company does not require a paid-up capital, which makes it an attractive business form.
In order to open a bank account for a company the investor must provide documents regarding the corporation or the sole proprietorship. The fees for opening a bank account will depend on the bank.
Yes. Certain business activities require investors to obtain special permits and licenses. Restaurants for example must obtain various permits for storing and selling food products.
The corporate income tax, the property tax, the value added tax or various customs duties are payable by companies in Georgia. Other taxes and duties like taxes on gambling are levied in the country.
The duration of the incorporation procedure depends on the type of company and if all the documents are in order. On average, the investor will need about one week.
A good geographical location, friendly tax system, Free Economic Zones and numerous possibilities for investments are just some of the reasons why Georgia is attractive for foreign entrepreneurs.
For detailed information about the company incorporation steps described above please feel free to contact our company registration agents in Georgia.