Georgia is one of the easiest and most affordable countries in the world to start a business. With a simple registration process, low taxes, and a strategic location between Europe and Asia, it’s no wonder that entrepreneurs and digital nomads are choosing Georgia for company formation. Here’s a step-by-step guide for 2025.

Why Register a Company in Georgia?

• Fast Registration: A company can usually be registered within 1–2 business days.
• Low Costs: Registration fees are affordable compared to Europe or the US.
• Favorable Taxes: Small business regimes and low corporate tax rates attract entrepreneurs.
• Banking Access: Georgian banks are reliable, with multi-currency accounts available.
• Residency Opportunities: Owning a business can support residency permit applications.

Types of Business Entities

The most common legal structures for foreigners are:

• LLC (Limited Liability Company): The most popular option. Flexible, simple to set up, and suitable for most activities.
• Sole Proprietorship: Best for freelancers and small businesses with limited risk.
• Branch Office: For international companies expanding into Georgia.

Steps to Register a Company in Georgia

1. Choose a Company Name: Must be unique and approved during registration.
2. Prepare Documents: Passport copies, application forms, and company charter.
3. Submit to Public Registry: Registration is handled by the National Agency of Public Registry (NAPR).
4. Pay Fees: Standard or expedited services are available.
5. Obtain Tax Number: Issued upon registration, required for all business activity.
6. Open a Bank Account: Needed for company operations and payments.

Taxes in Georgia

• Corporate Income Tax: 15%, but only on distributed profits.
• Small Business Status: Entrepreneurs can pay as little as 1% tax on turnover if annual income is under the threshold.
• Value Added Tax (VAT): 18% if turnover exceeds a certain limit.

How ExploreGE.com Can Help

While company formation in Georgia is straightforward, local expertise saves time and avoids mistakes. At ExploreGE.com, we provide:

• Full company registration support with NAPR.
• Assistance with tax status and accounting setup.
• Guidance on opening bank accounts and merchant services.
• Connections with legal and business consultants.