How to open a business in Georgia (for foreigners)

Introduction

Starting a business in Georgia as a foreigner is feasible and often faster than in many neighboring countries. Batumi offers demand in tourism, hospitality, and property-related services. This guide gives a practical roadmap, cautious advice and actions you can take today.

Why choose Georgia and Batumi

Georgia's location and tourism flow create steady demand for hotels, restaurants and services. Relatively straightforward registration procedures and openness to foreign investors make the country suitable for pilots and small-to-medium enterprises linked to real estate.

Legal forms and choosing structure

Consider several structures: individual entrepreneur, limited liability company (LLC), or a branch of a foreign company. The right choice depends on liability, ownership plans and hiring strategy. LLCs are commonly used for operations involving property and client contracts.

Registration essentials

Prepare personal ID, founding documents for the company, a local address for registration and power of attorney if hiring a representative. Registration is handled through the public registry; many steps can be completed online using state e-services.

Taxes and financial reporting — practical notes

Georgia offers a flexible tax regime, but you should be clear about VAT, corporate tax and reporting obligations. Engage a local accountant early to set up bookkeeping and avoid mistakes in filings.

Property for business in Batumi

When choosing premises, prioritise location, client access and utilities. Renting first allows testing the market before purchasing. BuyHome can assist with market analysis and object selection to match your concept.

Banking and payments

Before opening an account, check bank requirements for documentation, KYC and any restrictions for non-residents. Use clear funding sources and keep records of agreements and payments to simplify banking relationships.

Hiring and visas

Hiring local staff requires official employment contracts and compliance with labor rules. Hiring foreigners may require work permits or residence status; consult immigration guidance when planning your team.

Practical startup actions

• Research local demand and seasonality for your sector.
• Choose the legal form and prepare registration paperwork.
• Open a bank account and set up accounting.
• Start on a leased premises to validate demand before investing in property.
• Involve a lawyer and real estate agent for contract checks.

Common mistakes to avoid

Do not rely only on verbal agreements, postpone registration or ignore local regulation. Verify partners and document all deals in writing.

See also: /kak-otkryt-biznes-v-gruzii-inostrancu and /rogo-gavxsnat-biznesi-ucxoeli for related posts in other languages.

BuyHome supports research, property selection and connects you with local professionals so you can start with clearer information and lower risk.