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Open a Company in Agriculture in Georgia
Updated on Thursday 14th December 2017 Rate this article
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The agriculture sector in Georgia represents an important field for the local economy. With a suitable climate and fertile soils, the Georgian terrains are proper for cultivation of various types of crops. Investors who want to open a company in Georgia in the agriculture sector should know that this field, alongside with the agribusinesses set up here, represent 9.2% of the local gross domestic product (GDP). Our team of company formation agents in Georgia can offer legal assistance for registering a business in this field.
Opening a Georgian company
The process of company registration in Georgia is relatively simple and similar with the incorporation procedure applicable in other countries. The investors may choose one of the legal entities available under the local legislation and then register the respective business form with the Entrepreneurial Register.
The institution will provide an identification number for the legal entity, as well as a certificate for tax registration. The procedure will also include the payment of certain registration fees and our team of company formation consultants in Georgia can provide more details in this sense.
When opening a company in Georgia, the businessmen will also need to open a corporate bank account and this step can be completed during the registration with the Entrepreneurial Register.
The business should also register for value added tax, as long as the company’s transactions are above the sum of GEL 100,000 (approximately EUR 37,000) on a 12 months basis. The main institution which handles the procedure is the Revenue Service, working under the Ministry of Finance of Georgia.
Agriculture field in Georgia
It is recommended to start the procedure of company formation in Georgia in the field of agriculture due to a wide set of reasons. As mentioned above, the country’s climate represents an attractive reason to start an agriculture company, but other reasons can aim at the costs related to this type of business, which are cheaper than in the case of other industries. Georgia also benefits from an increasing market size, under the following trading agreements:
• Free Trade Agreement signed with countries such as Turkey or Ukraine;
• Deep and Comprehensive Free Trade Agreement, signed with the European Union’s member states.
We invite businessmen to contact our team of company formation representatives in Georgia for further information related to the registration of an agriculture business.
Meet us in Tbilisi
Call us now at +995 595 11 88 22 to set up an appointment with Valeri Bendianishvili, one of our specialists in company formation in Tbilisi, Georgia. Alternatively you can incorporate your company without traveling to Georgia.
As a Business Setup Georgia LLC client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Georgia.
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