Turnkey company in Georgia

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Initially it should be said that Georgia is not an offshore country and is not on the "black lists" of offshore jurisdictions, so it is considered one of the ideal states for doing business by opening a company in it.

ADVANTAGES OF GEORGIAN COMPANY REGISTRATION

As for the main advantages regarding the registration of a company in Georgia, they are conditioned by such criteria:

• non-residents are exempted from paying taxes;
• absence of Georgian jurisdiction in "black lists";
• due to its excellent reputation it allows opening accounts in many countries of the world;
• no reporting is required;
• no need to declare one's income;
• for many forms of organization there are no minimum capital requirements.

MANDATORY CONDITIONS

There are a number of conditions that must be complied with when registering a Georgian company. These are:

• It is indispensable to have a permanent legal address on the territory of the country.
• Applying for notarization, it is necessary to apply exclusively to a specialist.
• It is necessary to carry out an assessment of capital and contributions, which should be documented by the relevant certificate. It must be attached directly to the documents when carrying out the registration.
• It is also necessary that the company has its own name, which is indicated by the applicant when making the registration.

It is worth noting that the same rules apply to sole proprietorships as to traditional legal entities. To simplify the registration procedure or to consult, you can contact us at Legal Solutions. We are engaged in complex support of any business, from opening a company to the provision of a list of consulting, auditing and legal services in Ukraine.

RULES OF REGISTRATION OF A GEORGIAN COMPANY

The algorithm of actions is that it will be necessary to write the appropriate application, and of course, to provide the approved package of documents. It consists of:

• A copy of the passports of all directors, shareholders, benificiaries of the company presented.
• Articles of Association, where the decision on the appointment of the management is noted.
• Certificate confirming the fact of capital and contribution assessment.
• A receipt of the paid registration fee must also be attached.
• Samples of signatures of all owners.
• Notarized power of attorney directly to the representatives.

An important nuance is that the application for registration is written in two copies with full details and send all documents to the tax inspection.

In conclusion, it should be noted that after the issuance of the certificate of registration, the management should open an account in a banking institution, register in the commercial register and, accordingly, receive documentary evidence of the assignment of a tax number.

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