Yes, but there are only a small number of countries whose citizens have restrictions on establishing a company in Georgia.

All limited businesses are lawfully needed to have a registered legal address. All legal mail will certainly be sent out right here and the address information will certainly be presented in a public document.

No, there are not any specific requirements with regards to the amount of initial shareholder’s capital and you can incorporate your business with zero initial capital.

Under Georgia law, a corporation must have at least one shareholder/founder (physical person or legal entity) . Non-resident founders/shareholders accepted.

Once the company is registered it is alive until you apply for liquidation to the registration authority and it does not need any renewal.

Company formation is possible without being in the country by your notarized and certified Power Of Attorney.

The duration of the incorporation procedure depends on the type of company and required documents. Usually on average, it takes about 1 week to fully incorporate business in Georgia.

In Georgia, every company can start a business without limitation, unless its activity is directly prohibited by the “law or a permit or license” is required to perform the activity. Special permits and licenses for doing business in Georgia are required only for companies whose activities will be related to medicine, construction, communications, gambling, energy, security and etc.
If your business does not require special permits or licenses, you can start a business as soon as the company is registered.

From 2022, a new law on entrepreneurs came into effect and new requirements were established, and it became more difficult for foreigner residents to register a company. Incorporation documents are submitted in the Georgian language and also it is necessary to have registered address in Georgia or has someone’s consent to use his/her address as your company’s legal address. Therefore we recommend to use professional incorporation services in Georgia to avoid additonal costs and delays.