How to open a company in Georgia: a guide for foreigners

Introduction

Opening a company in Georgia is a common and practical step for foreigners who plan to live, work, or invest here. The process can often be completed quickly and with transparent steps. This guide gives practical advice for non-residents: from preparing documents to first actions after registration. 😊

Why register a company in Georgia? 🇬🇪

• Straightforward registration process and clear administrative steps.
• Flexible options for small business taxation and simplified regimes for some business types.
• Useful for investors who want to hold or manage real estate through a legal entity.

Note: this is general information, not legal advice. Consult a local lawyer and accountant for decisions specific to your case.

Quick checklist before starting

1. Choose the legal form (LLC is common).
2. Prepare passports and, if necessary, a notarized power of attorney for a local representative.
3. Decide on a legal address and list of activities.
4. Arrange accounting support and a local contact person.
5. Plan for opening a bank account and prepare supporting documents.

Step-by-step registration process

1) Choose the structure and governance

The Limited Liability Company (LLC) is the most popular format. Decide on directors, shareholders, and internal rules.

2) Prepare documents

Foreign founders typically need a passport. If you register remotely, a notarized power of attorney is often required. Some documents may need translation or legalization depending on local requirements.

3) Legal address

You must provide a registered legal address. Many businesses use virtual office services or address providers.

4) Submit registration

Registration is done through the public registry. The timing ranges from a few business days to a couple of weeks depending on document completeness and administrative workload.

5) Tax registration and codes

After registration the company receives an ID and can open bank accounts. Register with tax authorities and arrange bookkeeping according to chosen regime.

Taxes and reporting — what to expect

• Georgia offers different tax regimes; choose one that matches your turnover and activity. The choice will affect reporting obligations and tax liability.
• VAT registration may be required for certain businesses or above certain activity thresholds.
• Regular accounting and annual reporting are necessary; many foreigners hire an outsourced accountant.

Tip: choose a tax regime in consultation with an accountant before registering.

Bank account opening

Banks require company documents, beneficial owner information and details about planned activity. Some banks request personal presence of directors, others accept remote onboarding. Prepare a brief business plan and an introductory letter explaining the company’s activity.

Buying property via a company — advantages and drawbacks

Advantages:

• Easier management of multiple properties and clearer ownership structure for investors.
• Possible organisational benefits for rental operations.
  Drawbacks:
• Ongoing administrative costs for maintaining a company and accounting.
• Potential tax and transfer considerations when selling property.

If you plan to buy property, we can advise whether purchasing through a company is the best option for your situation.

Practical tips and common mistakes

• Don’t skip professional help: advisor fees are an investment.
• Confirm bank requirements before you register the company.
• Plan ownership structure carefully: consider shares, voting rights and director powers.
• Budget realistic ongoing costs: office, accounting, and banking fees.

How BuyHome can help 🏡

BuyHome assists investors and homebuyers in Georgia with property search, risk assessment, and transaction support. If you consider setting up a company to buy or manage real estate in Batumi or other cities, we can help find appropriate structures and trusted local professionals.

Next steps

If you’re ready to explore company registration for investment or relocation, contact us for an initial consultation. See our English site and listings here: https://buyhome.ge/en and start a property search at https://buyhome.ge/en/search

We’re happy to help you choose the right structure and find the right property. Contact us to get started.