Registering an LLC in Georgia 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 is a step-by-step guide, 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.
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.