Georgia provides a set of advantages for starting a business. At a global level, Georgia stands out as one of the countries with the simplest registration procedures; at the same time, the registration of a Georgian business has very low fees, this being an advantage when investing in a foreign country.
Even if the registration of a company is based on simple principles, it is highly advisable to request the representation of local specialists in company formation, considering that there can be language barriers. In this sense, our company - Business Setup Georgia LLC - provides legal services, designed to cover all the aspects concerning the registration of a local business.
Business Setup Georgia LLC is based in Tbilisi, the country’s capital city, and has experience of 15 years in the field of company formation; its specialists are focused on offering high quality services and currently, Business Setup Georgia LLC provides a wide range of services, as follows: legal services (in branches of law such as civil law, insurance law, business licenses and permits or intellectual property law) and company formation services (legal advice on choosing a suitable business form, assistance in incorporating any of the company types available under the Georgian legislation) etc.
Besides these basic services, investors can rely on professional advice for immigration matters (applying for a residence permit or obtaining the Georgian citizenship), real estate services (legal assistance in drafting specific real estate contracts) or accounting services (preparing the company’s financial statements or implementing the accounting procedures available here).
What are the main incorporation aspects related to the Georgian LLC?
Thecapital of thelimited liability company opened in Georgia is divided into shares and the responsibility of each member islimited to the value of his/her shares. The shares of the company can be transferred and the members have the right to leave them as inheritance. If a member of the company owns a single share, that share can’t be sold. At the same time, it is important to know that the entity registered as a limited liability company must add in its trading name the particle “LLC”, the abbreviation available for this legal entity.
Another important aspect referring to the limited liability company in Georgia is that this entity can be set up by an individual or by a legal entity. This is themost common business form registered in Georgia due the liability of the shareholders, which is limited to thenumber of sharesthey own in thecompany. Eachlimited liability company is founded on a charter, which prescribes the internal regulations of the company.