Business Registration in Georgia
Legal address for the company for one year
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A company can be registered in 1 day, though on average you should plan for 2 to 5 days, with 5 days being the maximum required to finish all the procedures. In case of remote registration, a week is needed on average.
No. A resident of any country can set up a business in Georgia.
A Limited Liability Company (LLC) is a legal entity with liability to creditors limited to its property. The partners (founders) are not responsible for the company’s liabilities. The capital of an LLC can be specified at any amount and is divided into shares. A partners’ meeting must be held to consider annual results and other issues. An LLC can be founded by one person. A Joint Stock Company (JSC) is a legal entity with capital divided into a certain number and certain types of shares defined by the company charter. A JSC’s liability to creditors is limited only by its property. Shareholders are not responsible for the company’s liabilities. The capital of a JSC can be any amount. A JSC is entitled to issue ordinary and preferred shares unless the company charter states otherwise. A Limited Partnership (LP) is a legal entity in which two or more persons carry out entrepreneurial activities under a single entity name. The liability of some partners (limited partners) to creditors is limited to a certain warranty amount, while the liability of other partners, i.e., full partners (general partners), is not limited. The partners of an LP can be both legal entities and individuals. Partners with limited liability (limited partners) are not allowed to participate in the management of the LP. A Branch Office (BO) is the structural sub-unit of a business entity and is not a separate legal entity.
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