Asia-Pacific · Company formation
Company formation in Georgia
This suits IT and services companies looking for deferred Estonian-style tax treatment, with 0% Virtual Zone status on foreign income.
At a glance
- Entity
- Limited Liability Company (Shezghuduli Pasukhismgeblobis Sazogadoeba, ShPS/LLC)
- Corporate tax
- 0% on retained profit, 15% on distribution (Estonian-style CIT); Virtual Zone IT status gives 0% on foreign-source income and International Company status 5%. Banks and financial institutions 20%. As of 2026.
- Incorporation time
- ~1 business day; same-day expedite available
- Minimum capital
- None (GEL 1 nominal)
- Resident director
- Not required; 100% foreign ownership and a non-resident director are permitted
- Audit
- Small companies exempt; mandatory above thresholds (assets over GEL 10m, revenue over GEL 20m, or 50+ employees)
- Remote set-up
- Yes, fully remote via an apostilled power of attorney; no need to travel
- Government fee
- GEL 100 (next business day) or GEL 200 (same day) at the Public Service Hall; as of 2026, excluding translation and extract charges
- Best for
- This suits IT and services companies looking for deferred Estonian-style tax treatment, with 0% Virtual Zone status on foreign income.
The process
- Choose a company name and secure a Georgian registered address, with the owner's consent to use it
- Prepare the charter and shareholders' resolution in Georgian (with English translation), plus notarised, apostilled passport copies and a power of attorney if filing remotely
- File at the Public Service Hall (National Agency of Public Registry) and pay the GEL 100 fee (GEL 200 for same-day); the company and its tax ID are issued the next business day
- Register for VAT once taxable turnover exceeds GEL 100,000 in any 12 months (18% rate), and apply for Virtual Zone or International Company status if eligible
- Open a corporate bank account, in person or remotely subject to the bank's enhanced due diligence
What can go wrong
- The 15% is deferred, not forgiven: it crystallises on dividend distribution or non-business spending, so undistributed-profit planning is central.
- Virtual Zone (0%) and International Company (5%) statuses face rising substance scrutiny; genuine IT activity performed from Georgia, and for the latter a real office and payroll, are expected, and foreign tax authorities may challenge the benefit.
- Corporate bank-account opening for non-resident-owned companies has tightened; enhanced due diligence, and sometimes an in-person visit or outright refusal, should be anticipated.
- Low Georgian tax can be undone at home: CFC rules and the founder's own residence-based taxation must be planned around the structure.
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Form a company in Georgia?
One named person on the file, an honest read on tax and substance, and a fixed quote before you commit.