B2B Offer for Businesses - General Legal Outsource

OVERVIEW
Georgia has become a favored destination for entrepreneurs due to its simplified procedures, favorable tax regime, and strategic location. Ranked #7 globally in the World Bank's Ease of Doing Business Index, Georgia offers a business-friendly environment that is hard to match. The great advantage is that the registration process can be completed entirely remotely.

CHOOSING A BUSINESS STRUCTURE
The first step in registering a company in Georgia is deciding on the type of business entity. The most common types are Limited Liability Companies (LLC), Joint Stock Companies (JSC) and Branch Offices. Each structure has its own legal implications, so it’s important to choose one that aligns with your business goals.

DOCUMENTATION REQUIRED FOR REGISTRATION
Once the business structure is decided, you must gather the necessary documentation, which includes:

• Application Form: To be filled and signed;
• Charter: Outlining the company's name, address, and internal regulations;
• Founders' Resolution: A decision by the company founders to establish the business;
• Identification Documents: For all founders and directors;
• Proof of Address: Confirming the company’s legal address in Georgia;

REGISTRATION PROCESS
The registration process in Georgia is streamlined. Once all documents are prepared, they must be submitted to the National Agency of Public Registry (NAPR). The application can be filed remotely or in person. The registration is usually completed within 2 business days, and an expedited service is also available for faster processing.

TAX OBLIGATIONS
After registration, it’s important to comply with Georgian tax laws. Businesses must register with the Revenue Service of Georgia for tax purposes. Georgia offers a favorable tax regime, including Corporate Income Tax: 20%, with reinvested profits being tax-exempt. Certain types of businesses benefit from a reduced tax regime; for example, IT companies can enjoy a lower corporate tax rate of just 5% by obtaining special status ("International Company" or "Virtual Zone"). Moreover, companies registered in Free Industrial Zones in Georgia are subject to a 0% corporate tax rate.

ADDITIONAL SERVICES OR UPGRADES
I. OPENING A CORPORATE BANK ACCOUNT
Upon successful registration, the next step is to open a corporate bank account. Most banks in Georgia offer services tailored to the needs of businesses, including multi-currency accounts and international transaction capabilities.
II. OBTAINING NECESSARY LICENSES
Certain businesses may require specific licenses to operate in Georgia. It is essential to identify these requirements early to ensure compliance. Wondering if you need a license? Click here: Do I need a license?
III. COMPLIANCE AND REPORTING
Businesses in Georgia must maintain regular compliance with local laws, including submitting financial statements and paying taxes on time. Staying compliant ensures smooth operations and avoids legal complications.

RESUME
Embark on your entrepreneurial journey in Georgia with ease and confidence. Register your company now and leverage Georgia’s favorable business environment to your advantage. Ready to get started? Follow our straightforward four-step process to seamlessly establish your business.