With an economic growth estimated at 4.2% for 2018
(up from the previous year) and numerous policies addressed to the business sector, Georgia
represents an attractive destination for setting up a company
, the second largest city
of the country, is an appealing destination for starting the procedure of company formation in Georgia
, especially in the tourism sector
The incorporation of a legal entity in Batumi
is completed following the legislation on the matter available at a national level; our team of consultants in company registration in Georgia
can assist foreign businessmen in all the procedures involved in this case, and can help investors in choosing a suitable business address
in this city.
Choosing a legal entity in Batumi, Georgia
Prior to starting the procedure of opening a company in Georgia
, the investors should verify the main eligibility conditions imposed to foreigners. Then, the main aspect that should be discussed by the future investors is the legal entity
under which they will operate on the local market.
As prescribed by the commercial legislation
, foreign businessmen can set up one of the following business forms
• individual entrepreneur;
• general partnership;
• limited partnership;
• joint stock company;
Register a bank account for a Georgian company
Any commercial company set up in Georgia
is required to have a corporate bank account
, registered with any commercial bank
operating in Batumi
. The overall cost of the procedure depends on the bank
with which the investors will collaborate, but all financial institutions
will ask for the same company’s documents
and our representatives
can assist with in-depth information on this matter.
In this sense, a bank can require a signature sample from the company’s directors, as well as the identification documents of the investors. It is also mandatory to provide the company’s tax registration certificate, a document which will be issued by the local authorities prior to starting this particular procedure.
Furthermore, all companies
have to register for tax purposes
and for social security
, procedures that will be completed in a specific order.
Investors are invited to contact our team of specialists in company registration in Georgia
for consultancy services concerning the incorporation
of a legal entity in Batumi