Company formation in Georgia
LLC
Legal minimum, year 1£130
Legal minimum, per year after£50
Typical year 1£1,030
Corporation tax15%Ease Banking
Every fee
Setting up
Government fee£30
GEL 100 (next day)Legal address£50 to 200
Required
Formation agent£100 to 300
Optional
Power of attorney, apostille, translation£0 to 200
Optional
Share capitalNone
Time to form1 to 3 days
Running it, per year
Legal address£50 to 200
Required
Accountant£0 to 1,000
Practically needed
Legal minimum after year 1£50
Audit: Exempt for small companiesForeign ownersNo resident director; Georgian legal address neededRemote via apostilled power of attorney
Tax0% retained; 15% on distributions (Estonian model)Dividend withholding: 5% on dividendsVAT/GST: 18%
BankingTBC and Bank of Georgia usually require an in-person visit
Questions
- How much does it cost to set up a company in Georgia?
- The legal minimum for the first year is £130, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £1,030. The government fee is £30 (GEL 100 (next day)). Share capital is not included.
- How much does it cost per year to run a company in Georgia?
- The legal minimum after the first year is £50 a year. Running costs including optional and practically needed services range from £50 to 1,200. Audit: Exempt for small companies.
- Do I need a local director in Georgia?
- No. No resident director; Georgian legal address needed.
- Can a non-resident form a company in Georgia remotely?
- Yes. Remote via apostilled power of attorney.
- What is the corporation tax rate in Georgia?
- 0% retained; 15% on distributions (Estonian model). Dividend withholding: 5% on dividends. VAT/GST: 18%.
- How long does it take to form a company in Georgia?
- 1 to 3 days.
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