How to Set Up a Company in Georgia? 2026 Georgia LLC Guide

Georgia has become one of the most attractive business destinations in Europe and the Middle East for foreign entrepreneurs. With corporate tax rates between 0% and 15%, 100% foreign ownership allowed, fast registration processes, and an open-door policy, Georgia is firmly on the radar of Turkish and international entrepreneurs alike.

Why Georgia?

• Low taxes: Corporate income tax is only 15% on distributed profits; retained earnings are not taxed.
• Fast setup: A company can be registered in 1–3 business days at the Justice House.
• Open-door policy: Foreigners can own 100% of a company; no local partner required.
• Easy banking: TBC Bank and Bank of Georgia offer full English-language services.
• Double taxation treaty with Turkey: Avoid paying tax on the same income in both countries.

Business Entity Types

The most popular choice for foreign entrepreneurs is the LLC (Limited Liability Company — SB). It requires a minimum capital of just 1 GEL, and partners are only liable up to their contributed capital.

Step-by-Step Registration Process

Step 1 — Name Check

Check availability of your desired company name at hauts.ge. This is free and typically takes 1 business day.

Step 2 — Prepare Documents

• Valid passport (all partners)
• Proof of address (bank statement, utility bill, or lease agreement)
• Company charter / articles of association (usually prepared by a lawyer or accountant)

Step 3 — Notarization or Apostille

Foreign documents may require notarized translation or apostille. These can be obtained in Turkey at the Georgian Embassy or from Turkish notaries.

Step 4 — Justice House Application

Submit your application at any Justice House location in Tbilisi or other major cities. Standard registration takes 1–3 business days and costs 100–200 GEL. Express same-day processing is available for an additional fee.

Step 5 — Tax Registration

After registration, enroll as a tax payer at revenue.ge (Georgian Revenue Service). This step is often processed simultaneously with company registration.

Step 6 — Open a Bank Account

Open a corporate account at TBC Bank, Bank of Georgia (BOG), or Credo Bank using your registration certificate and tax number. This typically takes 1–3 business days.

Tax Advantages

• Corporate Income Tax — 15%: Applied only on distributed (withdrawn) profits. Profits reinvested in the company are not taxed.
• VAT — 18%: Mandatory VAT registration required when annual turnover exceeds 100,000 GEL.
• Small Business Regime — 1%: Companies with annual turnover under 500,000 GEL may qualify for a simplified flat 1% tax rate.
• Virtual Zone — 0%: IT companies providing software and digital services can obtain "Virtual Zone" status and pay zero corporate tax on foreign-sourced income.

Opening a Bank Account

Cost Summary

• Registration fee: 100–200 GEL (standard); express processing adds 50–100 GEL
• Accountant / Financial advisor: 100–300 GEL/month
• Office: Not mandatory. Virtual office: 50–100 GEL/month; physical small office: 300–600 GEL/month
• Lawyer / Consultant package: 300–800 GEL (full setup service)

Important Notes

• Double taxation treaty: Georgia and Turkey have a double taxation avoidance agreement. You will not pay tax on the same income in both countries.
• No local partner required: Foreigners can own 100% of a Georgian company with no restrictions.
• Remote setup possible: Through an authorized representative (power of attorney), you can register without being physically present — however, most banks require in-person account opening.
• Accounting obligation: All companies must submit annual financial statements to the Revenue Service (rs.ge).

Frequently Asked Questions

Can a Turkish citizen set up a company in Georgia?

Yes. Turkish citizens can register a company in Georgia without any restrictions. A valid passport is sufficient; no residence permit, visa, or Georgian partner is required.

Do I need to be physically present in Georgia?

Registration can be handled remotely via a notarized power of attorney. However, most banks require in-person attendance to open a corporate account.

Which bank is most popular among foreign entrepreneurs?

TBC Bank and Bank of Georgia (BOG) are the most commonly chosen. Both offer English-language services and robust international transfer capabilities.

How does company dissolution work?

To close a company, all tax liabilities must be settled, active accounts closed, and a liquidation application submitted to the Justice House. The process typically takes 1–3 months.

Is an accountant mandatory?

There is no strict legal requirement to hire an accountant, but given that financial reports and tax filings must be submitted in Georgian, working with a local accountant (100–300 GEL/month) is strongly recommended.