How to Open a Company in Georgia: Guide for Foreigners

Introduction

Opening a company in Georgia is a common route for foreigners who want to invest in or manage real estate in Batumi and beyond. This guide provides practical, cautious advice: from document preparation to running daily operations and accounting.

Why Georgia?

Georgia is attractive thanks to relatively straightforward procedures, a readable legal environment, and favourable access to regional markets. A local company can simplify property purchases, rental operations and ongoing management.

1. Choose the right legal form

Many foreign investors form a limited liability company (LLC) because it balances simplicity and flexibility. Other options include sole proprietorships or registering a branch of a foreign company. Consider your investment horizon and liability preferences when choosing.

2. Prepare documents carefully

Expect to provide identity documents, proof of address, and, where applicable, corporate documents for foreign entities. Certified translations are commonly required. Work with a local lawyer to ensure all paperwork meets formal requirements.

3. Registration and tax considerations

Registration is done through the appropriate government agency. After company registration, register for tax purposes and clarify which tax regime applies to your business model. Avoid relying on exact tax figures here; consult a local tax advisor for precise planning.

4. Bank account setup

Banks typically require corporate documents, ID and sometimes a personal presence. Plan ahead: banks may request information about the nature of business and expected transactions. Use a local accountant or agent to streamline the process.

5. Legal address, local representative and accounting

You must provide a registered address. Options include leasing office space or using a virtual office service. Hiring a qualified accountant reduces compliance risk and ensures timely reporting.

6. Using a company for real estate activities

Holding property through a company can make transactions and management cleaner: it simplifies income tracking from rentals, expense accounting and succession planning. Structure ownership with clarity and local advice to avoid surprises.

Practical steps to get started

1) Define the company’s purpose: property management, rental business, or development.
2) Gather ID, address proof and any foreign corporate documentation you may need.
3) Consult a Georgian lawyer and an accountant.
4) Register the company and complete tax registration.
5) Open a bank account and secure a registered address.
6) Set up bookkeeping and consider insurance for assets.

Next actions and internal resources

Start with a clear plan and local experts to reduce risks. For related content and deeper practical examples see our internal pages: [/how-open-company-georgia] and [/kompania-ucxoeli-saqartvelo].

At BuyHome we support buyers and investors in Batumi with research, partner recommendations and practical help to structure ownership and manage real estate confidently.