Business & Company Formation in Georgia

Georgia offers one of the world's most business-friendly environments with rapid registration, minimal bureaucracy, and favorable tax regimes. Individual Entrepreneur status with 1% turnover tax is chosen by 90% of Georgian entrepreneurs, making it the ideal starting point for most foreign business owners.

Starting Your Business in Georgia

Georgian business registration stands out internationally for extraordinary speed and simplicity. Complete company formation is possible within hours using online systems, with registration costs measured in tens rather than thousands of dollars. No minimum capital requirements exist for Individual Entrepreneurs, and Limited Liability Companies operate without mandatory capital minimums under Georgian law. This accessibility democratizes entrepreneurship, enabling anyone to establish legitimate business operations rapidly and affordably.

The tax environment provides remarkable advantages for business owners. Individual Entrepreneurs benefit from a flat 1% tax on gross turnover for revenues under GEL 500,000 (approximately $185,000 USD) annually – this means keeping 99% of revenues for living expenses and business reinvestment. Limited Liability Companies operate under the Estonian taxation model where corporate profits remain untaxed until distributed as dividends, enabling tax-efficient reinvestment and growth. Combined with territorial taxation principles that exempt most foreign-source income from Georgian taxation, these advantages create one of Europe's most favorable business tax environments.

Foreign ownership faces virtually no restrictions across most business sectors. Non-residents can establish and wholly own Georgian companies without local partner requirements or ownership restrictions. This openness extends to both Individual Entrepreneur and corporate structures, making Georgia fully accessible for international entrepreneurs. The country's strategic position connecting European and Asian markets, free trade agreements with the EU and China, and modern digital infrastructure support businesses operating both locally and internationally.