Foreign entrepreneurs can own 100% of a Georgian company and, in many cases, arrange registration remotely through an authorized representative. However, incorporation is only the first step. Businesses also need a legal address, tax registration and accounting support, and may also need a corporate bank account. The right setup depends on the company’s activities and the founder’s plans.
What Happens After Company Registration in Georgia?
The process of company formation in Georgia starts with choosing a legal form. Many foreign founders choose a limited liability company (LLC), while others may consider registering a branch of an existing foreign company.
An LLC is a separate legal entity, while a branch is part of the foreign parent company and does not have a separate legal identity. Many also choose individual entrepreneurship, but it is not a separate legal entity and has a number of limitations.
To understand how to register a company in Georgia, founders should consider several steps:
- Check the company name: Before registration, founders should check the availability of their preferred company name to ensure it can be registered as an LLC.
- Prepare the documents: The required documents depend on the legal form and the founder’s status. They generally include a charter (memorandum) and a resolution. Additional documents may be required in cases involving complex ownership structures or remote registration.
- Arrange a legal address: A registered company needs a legal address in Georgia for state correspondence. It can be any address on the territory of Georgia;
- Submit the application: Company registration can be completed at the Public Service Hall or branches all over the country, or via notary.
- Plan the next steps: Tax obligations, accounting and banking arrangements should be considered before operations begin.
IBCCS TAX Georgia assists foreign founders with company registration in Georgia and related business requirements.
Can You Register a Company Remotely?
Foreign founders do not need to travel to Georgia to complete registration. An authorized representative can submit documents under a valid power of attorney. Depending on where the document is issued, notarization, an apostille or other formalities, and a Georgian translation will be required.
This makes it possible to open a company in Georgia while living abroad. However, remote registration does not mean that every later procedure can be completed remotely. Banks apply their own identification and compliance checks, and they may require additional documents or an in-person visit.
Banking, Accounting and Ongoing Support
Once the company is registered, the founder should review its operational needs. IBCCS TAX Georgia recommends that the company’s shareholders and directors open personal bank accounts before applying for a corporate bank account.
A Georgian corporate bank account can make it easier to receive business payments, pay suppliers and manage local expenses. However, company registration does not guarantee that a bank will approve an application. Each bank makes its own decision.
Accounting support is also important. Depending on the company’s activities and tax status, it may need to submit tax declarations, manage payroll obligations and prepare financial reports. Professional business services in Georgia can help founders coordinate these tasks and understand their responsibilities.
IBCCS TAX Georgia offers end-to-end business support, from market entry to scaling. Its services can also help foreign founders who need expat services in Georgia, including assistance with relevant administrative and relocation matters.
For guidance on company registration and the services needed after incorporation, book a free consultation via WhatsApp: +995 32 24 24 837.
Frequently Asked Questions
How long does it take to register a company?
It takes 1 working day after applying to the registration.
Can a foreigner register a company in Georgia remotely?
Yes. A foreign founder can generally appoint an authorized representative to handle registration. The required documents and formalities depend on the founder’s circumstances and the country where the documents are issued.
Does a Georgian company need a local bank account?
A Georgian company is not generally required by law to hold a bank account with a Georgian bank. However, a business account can be useful for local transactions. Account approval depends on the bank’s checks and requirements.
Does registering a company give me a residence permit?
No. Owning or registering a company does not automatically grant a residence permit. Foreign nationals must meet the separate legal requirements for the relevant permit.