How to Start a Business in Georgia as a Foreigner

Quick outline (article structure) 📋

• Define your business model and link to real estate
• Choose legal form and register a company
• Visa, residency and work permits
• Banking, compliance and taxes
• Finding property and choosing location
• Licenses and local permits
• Practical steps and typical timelines
• Common mistakes and tips

Why Georgia is attractive to foreign entrepreneurs 🇬🇪✨

Georgia offers straightforward company registration, a welcoming business environment and a strategic location. For businesses tied to real estate — short-term rentals, hospitality, offices — the market is active and accessible. To succeed, focus on local compliance and work with trusted advisors who know the market dynamics.

1. Define your business model and real estate needs 🏢🏖️

Decide whether you will operate from owned property, lease premises, or invest in real estate for rental income. The business model determines the legal form, permitting needs and the type of property to search for. Consider operational costs and customer access when choosing a location.

2. Legal forms and company registration 📑

Many foreigners opt for a limited liability company for simplicity and flexibility. Registration typically requires identity documents, company articles and submission to the national register. Working with a local lawyer speeds up the process and helps avoid errors in shareholder agreements and tax planning.

3. Visas, residency and permit options 🛂

Short visits allow initial setup, but managing a business on-site usually benefits from longer-term residency options. Explore investor or business-related residency pathways if you plan to live and work in Georgia. Prepare a clear business plan and evidence of funds to support applications.

4. Banking and financial compliance 💳

Opening corporate and personal bank accounts involves identity verification and proof of company activity. Banks may request information about fund sources for larger transfers. Plan banking steps early, especially if you need to transfer funds to purchase property.

5. Taxes and reporting 📌

Georgia's tax system is generally transparent. Tax obligations depend on activity type and company structure. Consult an accountant on corporate taxes, VAT and local reporting. For real estate investors, understand tax implications at purchase, while owning, and on sale.

6. Finding property and choosing a location 🔍🏘️

Location choice depends on your sector: coastal and touristic cities suit hospitality and rentals; capital or business hubs suit offices and services. Conduct property due diligence, check zoning and title history, and work with a local real estate agent. Start with a property search here: https://buyhome.ge/en/search or browse listings on our site https://buyhome.ge/en

7. Licenses and permits ⚖️

Certain sectors require special permits — F&B, hotels, construction. Confirm requirements with local authorities before committing to a property to avoid delays in opening.

8. Practical steps and timelines ⏳

Typical steps: market research, business plan, company formation, banking, property search and due diligence, licensing. Timelines vary by project complexity — with planning, initial setup can move quickly.

9. Common pitfalls to avoid ❗

• Skipping property due diligence
• Underestimating local administrative requirements
• Avoiding professional legal and accounting advice
• Relying on informal agreements

Final tips and how BuyHome can help 💬

Starting a business in Georgia is achievable with careful planning. If your project involves property acquisition or rental, we can assist with market research, property selection and coordination with legal and accounting partners. Visit https://buyhome.ge/en to explore options and contact us for tailored help.

📞 Interested in next steps? Contact our team for a friendly consultation and help choosing the right property.