How a Foreigner Can Open a Business in Georgia

Why choose Georgia for starting a business 🇬🇪

Georgia offers a straightforward business environment, accessible markets in the region, and flexible rules for company registration. For many foreigners the combination of administrative ease and openness to investment is decisive.

Business structures to consider

• Sole entrepreneur — simple and fast, suitable for freelancers and small services.
• Limited Liability Company (LLC) — common choice for partnerships, trade, and local operations.
• Branch of a foreign company — keeps connection to the parent company if needed.

Choose based on whether you'll hire local staff, need commercial premises, or seek investor protection.

Registration steps: a practical sequence ✅

1. Prepare identification and basic company information.
2. Secure a registered address — rent or use a provider service.
3. Submit registration documents to the public registry.
4. Obtain registration certificate and taxpayer ID.

Tip: consult a local lawyer for industry-specific licenses or permits.

Banking and accounting essentials 💳

Opening a bank account is usually straightforward but often requires an in-person visit and standard documents. Accounting is transparent; still, hire a reliable accountant familiar with VAT, reporting and payroll rules.

• Set up clear accounting practices and contract templates.
• Outsource payroll and tax filing if you are not on site.

Residency and work permits

Having a company may facilitate temporary residence or work authorization, though requirements depend on company status and activity. Many entrepreneurs start with short-term stays while arranging residency with immigration experts.

Real estate and business operations 🏢

Whether you need an office, retail space, or light industrial premises, location and lease conditions matter. Investing in property can provide operational space and serve as a long-term asset.

Example: buying an apartment for short-term rental can supplement business income and diversify investments.

Risks and how to reduce them ⚠️

• Always conduct due diligence on partners and property owners via official registries.
• Have all contracts reviewed by a local lawyer before signing.
• Ensure compliance with employment and tax obligations.

Practical checklist for launch

• Choose legal form.
• Prepare registration documents.
• Arrange registered address and bank account.
• Hire accountant and legal counsel.
• Evaluate real estate: rent vs buy.
• Draft a simple business plan and cash flow outline.

How BuyHome can help

BuyHome assists with market research, selecting commercial and residential properties, and evaluating investment projects in Georgia. We can support negotiations, document checks and offer practical solutions for office space or development opportunities.

If you are ready to explore properties or need help planning your business launch, check available listings at https://buyhome.ge/en or request a consultation via our search page https://buyhome.ge/en/search.

Contact us for a friendly, practical consultation — we will help you choose the right property and plan for a secure start.