Georgia is an attractive business destination, as it serves as a connection market between Europe and Asia. Numerous business fields have increased their activities and investors who want to
open a company in Georgia may
start a business here by
buying a company that is available for purchase. As a general rule, this
type of company is known as a
shelf company and the main advantage refers to the fact that the investor can start his or her business activities immediately after the transaction is completed. Businessmen can find out more details on
purchase requirements from
our team of company formation representatives in Georgia.
Opening a company in Georgia
Shelf companies in Georgia
In order to avoid the time required to process all the
incorporation requirements, investors can
purchase a company which has already been incorporated. Besides the time saved in this sense, the investors will only have to complete a
sale/purchase contract, which will state the change of ownership.
It is important to know that the investors will also be allowed to
change the company’s business activities, as well as its trading name. Although the businessmen will not have to follow the procedure of
company registration in Georgia, they will need to announce the local authorities on the main changes completed after the purchase.
Most of the
shelf companies available for
purchase in Georgia are registered as
limited liability companies, due to their set of advantages. As an example, a
limited liability company will only need one shareholder and one director - who does not have to be a
Georgian resident.