How to Register a Company in Georgia
Registering a company in Georgia involves choosing a company type, selecting a name, preparing documentation, and registering with the National Agency of Public Registry and the Revenue Service of Georgia. This guide offers the essential resources for each step, paving the way for you to establish your business successfully in Georgia. Adhering to the requirements and guidelines will ensure a smooth registration process and a prosperous start for your company in this rapidly developing country.
Step 1: Choose your company type
The first step in registering a company in Georgia is to determine the type of company you want to register. The most common types are:
- Limited Liability Company (LLC)
- Joint Stock Company (JSC)
- Branch of a foreign company
Step 2: Choose a company name
You'll need to choose a suitable name for your company before proceeding with the registration. The National Agency of Public Registry (NAPR) has guidelines for acceptable names, which can be found at this link: https://napr.gov.ge
Step 3: Prepare the required documents
Prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for LLC and JSC)
- Application for Company Registration (for all types)
These forms can be downloaded from the NAPR's website: https://napr.gov.ge
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for LLC and JSC) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Georgia does not require a minimum capital for LLCs and branches of foreign companies. For a JSC, a minimum capital of GEL 50,000 is required.
Step 6: Register your company
Once your documents are ready, you can submit your application to the National Agency of Public Registry (NAPR). This can be done in person at their office or online via the following link: https://napr.gov.ge
The fees for registering a company are as follows:
- LLC: GEL 100 (approximately $30)
- JSC: GEL 100 (approximately $30)
- Branch of a foreign company: GEL 100 (approximately $30)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Revenue Service of Georgia. This can be done in person at the local Tax Office or online via the following link: https://www.rs.ge
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
Time-frame:
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 1 to 2 weeks, depending on the complexity of your application.
