For most business types, there's no minimum capital requirement in Georgia.

In most cases, the whole process takes 2-3 business days and involves a visit to our offices, followed by a visit to the Public Service Hall and the Revenue Service, where you're accompanied by our specialist.

No. Business registration in Georgia is indefinite and there are no annual renewal fees or procedures.

A business name, phone number, email address and your original passports for all company directors (or power of attorney and notarized passport copies).
You will also need a legal address that is property you own, or a representative with a legal address. (You can use our virtual address service below if you don't own property).

Everything else you need, including custom charters, is arranged by us on your behalf, including your revenue service registration.

No. Our fee includes everything to get you started, assuming you have a permanent legal address in Georgia to register the business at. If not, check out our virtual address service below.

Note: Remote applications rather than those made in person can incur higher fees, see below. You will also require a power of attorney and apostilled passport copy for each company director, at own expense. Physical copies of these must be sent to us.

If you are based outside Georgia and will not attend registration in person:

Principal Registration Fee (Single Director): 1,500 GEL
PoA Fee For Principal Director: 750 GEL*
PoA Fee & Charter Fee (Each Additional Director/Shareholder): 600 GEL

* This includes the initial PoA for company registration and a second PoA once the LLC is registered, so we can represent the LLC for tax registration and other matters. This also includes our Georgian PoA in English and translation/notarization of completed PoA from English to Georgian. Does not include translation/apostille fees in your country, or delivery fee to send us apostilled documents.

Monthly Accounting: From 450 GEL + VAT (18%)
- To fulfil your monthly filing requirements.

A business name, phone number, email address and your passport.
You will also need a legal address that is property you own, or a representative with a legal address. (You can use our virtual address service below if you don't own property).

Everything else you need is arranged by us on your behalf, including your revenue service registration.

In most cases, the whole process takes 2-3 business days and involves a visit to our offices, followed by a visit to the Public Service Hall and the Revenue Service, where you're accompanied by our specialist.

No. Business registration in Georgia is indefinite and there are no annual renewal fees or procedures.

If your annual turnover will be under 30,000 GEL ($10,000 USD) per year the rate is 0% and you file taxes annually.

From 30,000 to 500,000 GEL (~$160,000 USD) it is 1% of turnover, with monthly tax filing (check our accountancy packages below).

Over 500,000 GEL the tax on turnover is 3% for the first year. If your turnover exceeds the 500,000 GEL threshold consecutively for 2 years, you lose your small business status tax rate.

VAT registration is essential if you will make VATable turnover of over 100,000 GEL. We can help with this. VAT is 18%.

Reverse-VAT and withholding taxes may apply on international expenses, contractors and employees.

You will need to get your passport and the Power of Attorney (PoA) apostilled. If you cannot get our PoA apostilled in English, you will need to organise translation services where you are. Documents must come to us in English (or Georgian)

The below prices include all relevant remote application surcharges.

- Drafting of English Language PoA: 300 GEL
- Apostilled Passport & PoA, plus mailing to Tbilisi: Own Expense
- Certified translation of POA & passport to Georgian: 250 GEL
- Notarization of translated documents - 300 GEL
- Individual Entrepreneur Registration - 250 GEL
- Small Business Status Registration (1% Tax Status) - 300 GEL

Our Total Fee: 1,400 GEL

Payable by bank transfer. VAT is not applicable for remote applications.

Our fee includes everything to get you started, assuming you have a permanent legal address in Georgia to register the business at. If not, check out our virtual address service below.

If you need the application completed in a hurry, our express service incurs an additional 200 GEL fee.

Note: Remote applications rather than those made in person can incur higher fees, normally about 50%. You will also require a power of attorney and apostille passport copy, at own expense. Those physical documents must be sent to us by mail.

According to the Georgian legislation, the company's activities must result in the creation of software products, where the creation process takes place within the territory of Georgia. This includes SaaS (software-as-service) businesses and web development firms, but also any other business models where there's a clear product, and where development work is carried out in Georgia.

It should be clear at the time of application that the majority of your business is software based. This can change after the application is approved but your tax level may differ on new parts of your business that cannot be shown to be software based.

Because the criteria is complex, we work with you to make sure your structure will get approved.

While the government's official timeline is up to 10 business days, in practice VZ applications tend to take anywhere from 30-60 days, depending on how much additional follow-up is deemed necessary.

No. You can start your business activities from the moment you obtain your LLC registration, and follow up with a VZ registration at a later date. We recommend starting the process 90 days before the end of your financial year at the latest.

Can you remotely manage the company from abroad? Yes.

But can your business be based abroad? No. For MFA to grant the VZ certificate, you will need to demonstrate that some work is being done within the territory of Georgia.

The approval process is very nuanced. You can read a little more about the VZ here. 

No.

If the bank doesn't clearly understand your business model and income sources, they may flag your application as suspicious.
If your business income will arrive mostly in foreign currency, not Georgian (GEL) this is also sometimes considered suspicious. However the overall nuances of the bank's decision are more complicated than this, which is why having a lawyer help you through each individual case really helps.

Typically between 2 and 7 days, depending on the back office at the bank and on the complexity of your business structure.

Not 100%. Anyone who tells you they can make a 100% guarantee is exaggerating. But we are extremely knowledgeable about spotting red flags and then removing them before making applications.

In the unlikely event that your application fails, we will reassess the application and try again at one of the other major banks in Georgia, at no extra charge.
NOTE: In a situation where we advise your application has a high chance of failure but you choose to proceed anyway, we do not offer the second submission free of charge.

These are relatively easy to open in person (depending on your passport country), but if you need help with this process please contact us or ask about it during your consultation.

The Georgian government needs a way to keep track of businesses in Georgia. With a temporary address, it would be too easy for people to open a business and then disappear.

Yes. Please request a consultation and we can assess your current business setup and then in most cases we can approve you and help you change to our address. Depending on the business there might be a small admin fee for us taking over your account, we'll let you know before starting the process.

Yes, you don't ever have to come to Georgia to apply but the process can be a little simpler if you do. You may or may not need a Georgian business, depending on your unique situation.

The basic criteria for qualification:

- A natural person (individual) whose proven property exceeds 3 million GEL

- OR their annual income for the last 3 years exceeds 200,000 GEL.

In addition you must either:

- Have a Georgian legal residence permit OR Georgian resident ID card.

- OR Certify that you receive income of 25,000 GEL or more during the tax year from a source in Georgia.

If you do not have legal residence in Georgia, and don’t intend to get it, we can discuss options for meeting the 25,000 GEL Georgian income requirement instead.

Read more about the criteria for qualification, and other considerations, here.

This depends entirely on what documents and other important steps need to be organised for your individual case. If you already have all your supporting material ready, then the actual application is possible within 10 working days.

If you need to organise a legal residence permit, business registration, bank account etc. then the preparation time for all these elements must also be factored in. All in all, this could take up to 60 days if we are starting from scratch and everything is done remotely.

For this reason, we suggest starting the process for any given tax year by late October of that tax year. All applications must be completed and authorized by the Revenue Service no later than December 31st of the tax year you wish to qualify for.

The earliest you can begin an application for any given tax year is January, though some documents can be organized in advance.

Every tax year. The renewal must be completed before Dec 31st. You must have continued to meet the income requirements, as listed previously, in order to qualify for renewal. Yes, of course we can handle your renewal. The renewal process is typically simpler than the first application and we will provide you a new price estimate based on your requirements.

Any documentation (such as power of attorney and passport apostille) that need to be completed in your home country, are at your own expense.

We keep our fees transparent and we’ll give you a final estimate for your specific case once we have completed your initial consultation.

Any additional service that are not included in our estimate will be at your own expense. This may include, but is not limited to, your legal residence application (if preferred).

The price of annual renewal is not included in the original fee. We'll re-quote you for each renewal.

For first time residency applications you have to be in Georgia and your current permit/visa has to have at least 40 days of validity left before you apply. If you are making a permit renewal, this can be done online from outside Georgia.

+ 200 GEL Rush fee if your application must be submitted in less than 5 business days from agreeing to engage us.

Once we have all your information after the free consultation, we'll be able to tell you if there are any additional fees beyond the standard pricing.

Yes. If you are interested in this service, please book the free consultation and we can provide a price based on your exact needs.
Typically the price is the same as work residence, for the principal applicant, and then discounted for each additional applicant.