Registering a company in Georgia — an LLC, a firm or another legal entity — is a fast and inexpensive process that, with proper preparation, takes about one business day. No minimum share capital is required, a foreigner can own 100% of the company, and the entire procedure runs through the House of Justice (NAPR). Below, updated for 2026, is a step-by-step guide, the cost, a list of documents and key details on taxes and bank accounts.
Why an LLC
The LLC (in Georgian — "limited liability company") is the most common business form in Georgia. The main advantages:
- Members' liability is limited to their contribution.
- No minimum share capital is required — you can register a company even with a nominal amount.
- 100% foreign ownership is allowed.
- Access to the Estonian-model corporate tax (15% only when profit is distributed).
- The ability to obtain special statuses — Virtual Zone, International Company Status.
What to Prepare in Advance
Documents
- The founder's (founders') passport.
- A company name (check that it's unique).
- A legal address in Georgia.
- The company charter.
- A resolution on incorporation and appointment of the director.
Structural Decisions
Decide in advance: who will be the director, the size of the members' shares, and the main type of activity (although in most cases activity is not licensed in Georgia).
Registration Step by Step
Step 1. Prepare the charter and documents
The charter can be drawn up yourself or with the help of a lawyer. For foreigners, documents often require notarization and translation.
Step 2. File with the House of Justice (NAPR)
Registration goes through the Public Service Hall or the National Agency of Public Registry (NAPR). You can file in person or through a representative acting under a power of attorney.
Step 3. Receive the certificate
Under the standard procedure, a company is registered in about one business day. An expedited procedure is available for an extra fee. You receive an identification number and an extract from the registry.
Step 4. Tax registration
The company is automatically registered with the Revenue Service. Here you can also file applications for special regimes (for example, Virtual Zone) or register for VAT.
Step 5. Open a bank account
The account is opened with one of the Georgian banks (TBC Bank, Bank of Georgia). For non-residents the bank runs a KYC check — allow extra time and be ready to explain the nature of your business.
Taxes for an LLC: What to Know
| Tax | Rate | When it arises |
|---|---|---|
| Corporate | 15% | only when profit is distributed |
| Dividends | 5% | when paid to members |
| VAT | 18% | at turnover of 100,000 GEL |
| Payroll (income) | 20% | on employees' salaries |
Thanks to the Estonian model, as long as profit is reinvested in the company, no corporate tax is paid — a serious advantage for a growing business.
How Much Company Registration Costs
The state registration fee is modest: roughly around 100 GEL for the standard procedure (registration on the next business day) and about 200 GEL for the expedited one (same day). On top of that, budget for notarization and translation of documents, a legal address and, if needed, a lawyer or registration agent. In practice, a turnkey registration with support costs a few hundred dollars. Verify exact fees on rs.ge and at the House of Justice — they change from time to time.
LLC or Sole Proprietorship: Which to Choose
- A sole proprietorship with Small Business Status suits solo entrepreneurs and freelancers providing services: a 1% turnover tax up to 500,000 GEL a year and minimal reporting. More in the guide “How to open a sole proprietorship in Georgia (1%)”.
- An LLC is what you need when there are partners, employees, corporate clients or plans to scale: limited liability and the Estonian-model profit tax.
If in doubt, start from the business goal and pick the form to fit it, not the other way around.
IT Company: Virtual Zone and International Company Status
For an IT business serving foreign clients, Georgia offers preferential regimes:
- Virtual Zone Person — 0% corporate tax on profit from IT services exported outside Georgia (the 5% dividend tax still applies).
- International Company Status — a reduced corporate tax rate for qualifying IT and maritime companies.
You can obtain these statuses after registering the company. Details in the guide “IT business in Georgia: Virtual Zone and 0% tax”.
Bank Account and Foreign-Currency Account
Georgian banks (TBC Bank, Bank of Georgia) open both GEL accounts and foreign-currency accounts (USD, EUR and others) for companies. For non-residents the bank runs a KYC check: be ready to explain the nature of your business, show contracts or a website, and sometimes attend in person. Allow anywhere from a few days to a couple of weeks to open the account.
Common Mistakes During Registration
- Choosing an LLC where a sole proprietorship with 1% status would be more beneficial (for solo service providers).
- Ignoring the VAT threshold (100,000 GEL) and the related reporting.
- Underestimating how long it takes a non-resident to open an account.
- An improperly drafted charter that has to be redone.
Tax and registration rules in Georgia are updated periodically — verify them on the rs.ge portal or with a tax advisor before filing documents.
Conclusion
Registering an LLC in Georgia is one of the fastest ways to launch a business in a country with low taxes and an Estonian-model corporate tax. The key is to choose the right form in advance (LLC or sole proprietorship), prepare the documents correctly, and plan for the time it takes to open an account. The Angels Investment team will help you complete registration turnkey and select the optimal tax regime — get in touch for a consultation.
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FAQ
What minimum share capital does an LLC require?
No minimum capital is set by law — a company can be formed with a nominal contribution.
Can a foreigner fully own a company?
Yes, 100% foreign ownership is allowed without a local partner.
How long does registration take?
Usually about one business day under the standard procedure; expedited options are available.
Is personal presence required?
Not necessarily — you can act through a representative under a notarized power of attorney.
When is corporate tax due?
Only when profit is distributed (the Estonian model), plus a 5% dividend tax.
How much does it cost to register a company in Georgia?
The state fee is roughly 100 GEL (standard) or ~200 GEL (expedited). Add notarization, translation and a legal address — a turnkey service usually costs a few hundred dollars.
LLC or sole proprietorship — which to choose?
A sole proprietorship with Small Business Status (1% of turnover) suits solo service providers; an LLC is for partners, employees and corporate clients.
Can a Russian citizen open a company in Georgia?
Yes. Foreigners, including Russian citizens, can own a company 100% without a local partner; no visa is required to register.
Can a company open a foreign-currency account?
Yes, Georgian banks open USD, EUR and other-currency accounts. Non-residents undergo a KYC check, and opening can take from several days.