Georgia at a glance
Georgia is one of the EU jurisdictions founders most often use today, especially while the EU-wide 28th Regime (EU Inc) is still a proposal. Below are the verified essentials: company types, tax, capital, timing and whether you can set up remotely.
Company types in Georgia
- LLC (Limited Liability Company) By far the most popular form for founders and foreign investors: no minimum capital, a single founder allowed, 100% foreign ownership, taxed under the Estonian model. It is also the base for Virtual Zone and International Company status.
- Individual Entrepreneur with Small Business Status A sole-trader registration that can pay a flat 1% tax on turnover up to 500,000 GEL per year, popular with freelancers (but it cannot hold Virtual Zone status).
| Corporate tax | Georgia uses the Estonian model: 0% on retained and reinvested profit, with 15% triggered only when profit is distributed (plus a 5% dividend withholding). Preferential statuses for an LLC include the Virtual Zone (0% on IT and software exports) and International Company status (5%). Individual Entrepreneurs with Small Business Status instead pay 1% on turnover up to 500,000 GEL. |
|---|---|
| VAT rate | Standard VAT is 18%, with registration mandatory above 100,000 GEL of turnover. Exports are zero-rated and Virtual Zone IT exports are exempt. |
| Dividends & payroll taxes | Dividends carry 5% withholding on top of the 15% paid only at distribution. Employment income is taxed at a flat 20% with a small pension contribution instead of classic social security, and small-business regimes can tax personal turnover at just 1%. |
| Minimum share capital | No minimum share capital for an LLC (commonly formed with 1 GEL), with a single 100%-foreign founder permitted. Individual Entrepreneurs also need no capital. |
| Setup time | Registering the LLC at the National Agency of Public Registry usually completes in about 1 business day. The slower step is the corporate bank account, which commonly takes 1 to 3 weeks. |
| Remote setup | Yes. An LLC can be registered fully remotely by granting a notarised power of attorney to a local representative. Banking is the harder remote step: TBC is the most digital-friendly, but some banks want an in-person interview, so a short visit is often advised. |
| Director / residency | No residency or citizenship requirement for directors or shareholders; 100% foreign ownership is allowed and one person can be sole owner and director. A local registered address is required. |
| Banking options | Main banks are Bank of Georgia and TBC Bank (plus Credo and Liberty), with multi-currency accounts. There is no legal barrier to non-resident accounts, but KYC has tightened; accounts are typically operational within 1 to 3 weeks. |
| Our formation service | from around €100 to €200 (estimated). You get a fixed quote in your free plan before you commit. |
Georgia is not an EU member. It was granted EU candidate status in December 2023, but accession talks were suspended in late 2024, so the process is currently frozen. This is the Caucasus country (capital Tbilisi, currency the lari), one of the most popular low-tax, remote-friendly bases for founders, freelancers and IT firms, thanks to the Estonian-model tax, the 1% small-business regime and the 0% Virtual Zone for IT exports.
How to register a company in Georgia
Step by step, this is how a Georgia formation actually runs:
- Prepare the charter. A simple LLC charter and founder resolution; Georgian plus certified translation where documents are foreign.
- Sign locally or by power of attorney. Remote founders grant a notarised, apostilled power of attorney to a local representative.
- Register at the Public Service Hall. The National Agency of Public Registry registers an LLC in one business day (same day for a premium fee).
- Tax registration. The company is registered with the Revenue Service automatically; consider Virtual Zone (IT) or International Company status where eligible.
- Banking. Bank of Georgia and TBC open multi-currency accounts; non-resident KYC is straightforward by regional standards.
We handle each step with licensed local counsel, so the paperwork, registered address and filings are done correctly the first time.
What company formation in Georgia costs
Registration costs about GEL 100 (roughly EUR 35), or double for same-day service, with no minimum capital. Power-of-attorney and translation costs add EUR 100 to 300 for remote founders. Accounting typically runs EUR 100 to 250 a month depending on activity.
Form your Georgian company in days
Tell us where you live and what you are building. Our formation service starts from around €100 to €200 (estimated); we confirm the right structure for Georgia, give you a fixed quote, and form the company with licensed counsel.
Get your free planWho can form a company in Georgia
Founders from outside the EU can own and run a Georgian company, with the cross-border requirements handled for you. We flag any residency or local-agent rule for Georgia up front, so there are no surprises.
Georgia fits location-independent founders and IT businesses that want fast, cheap setup, retained-profit taxation at 0% and light banking friction outside the EU. It is not an EU or EEA company, so it earns no single-market rights and no EU Inc positioning; treat it as a pragmatic non-EU base.
After registration: what Georgia expects each year
Georgia mirrors the Estonian model: no tax until profit is distributed, then 15% plus the 5% dividend tax. Monthly declarations cover distributions, payroll and VAT (18%, registration above GEL 100,000 turnover). Financial-statement filing obligations scale with company size category.
Georgia and the 28th Regime (EU Inc)
EU Inc, the proposed 28th Regime, would let you register one company valid across all 27 EU member states. It is not law yet (expected around 2027-2028), so a Georgian company is one of the ready options you can use today. Forming an EU company now also positions you to adopt EU Inc later, as we cover in how to prepare an EU Inc company. To weigh Georgia against other countries, see company formation in Europe.