What are the main procedures that involve costs for opening a Georgian company?
Foreign investors who want to
open a company in Georgia will need to
pay specific incorporation costs and fees, imposed by the local authorities that will issue various certificates and licenses. The investors will also need to
open a corporate bank account and the procedure will be
imposed with a fee established by the
bank with which the businessmen will choose to collaborate. Also, certain company documents will have to be
notarized and the
public notary in Georgia will request the
payment of a fee. Certain procedures are
not imposed with a fee and
our team of specialists in company formation in Georgia can provide in-depth assistance on this subject.
Which are the main registration costs in Georgia?
When starting the procedure of
company formation in Georgia, the investors will need to
calculate the costs associated in this case, besides the
overall value of investment, such as the
company’s capital,
renting a business office and other
maintenance costs. As a general rule, all
companies in Georgia, regardless of their legal entity, will need to
pay the following:
- • registration fee – the cost of the registration fee is established at GEL 100;
- • opening a corporate bank account – the value of the fee ranges between GEL 10 and GEL 100, depending on the bank where the account is set up;
- • register with the Entrepreneurial Register – the procedure does not impose any fee;
- • obtain an identification number for the company – this procedure does not require the payment of any fee.
It is important to know that the
registration procedure in this country can be completed in a fast manner and that it incurs
small costs;
our team of consultants in company registration in Georgia can provide in-depth assistance on this matter and can offer tailored advice, depending on the
business form chosen for
incorporation.