How to Open a Company in Georgia as a Foreigner (Full 2025 Guide)

Bilitto
Jun 15
4 min read

Georgia has become one of the most attractive destinations in recent years for entrepreneurs, freelancers, startups, and international businesses. Its simple company registration procedures, low taxes, liberal business environment, and pro-investment policies make Georgia highly attractive for foreign citizens who want to open a company. In this detailed guide, we will explain exactly how a foreigner can register a company in Georgia, what documents are required, what taxes apply, and how Bilitto.com can help you handle the full process — 100% remote, fully digital.

Why Georgia?

Georgia offers multiple advantages for foreign entrepreneurs:

100% foreign ownership allowed.
Fast company registration: usually within 1 business day.
Transparent and simple tax system.
Competitive corporate tax rates.
Low costs of doing business.
No capital controls — free inflow and outflow of money.
Visa-free entry for many nationalities.
Strategic location between Europe and Asia.
English widely spoken in the business environment.

In short: Georgia offers flexibility, efficiency, and excellent conditions for starting a business — whether you want to run your company remotely or live in Georgia.

Can Foreigners Open a Company in Georgia?

The answer is simple: Yes.

Georgia allows full foreign ownership of companies. You do not need to be a Georgian citizen or resident to register and own a business. In fact, the majority of foreign entrepreneurs register their companies in Georgia while living abroad.

There are no restrictions for EU citizens, US citizens, Asian investors, or citizens of CIS countries. Foreigners enjoy the same legal rights to own and operate a business in Georgia as Georgian nationals.

Types of Companies in Georgia

The most common legal form for foreign entrepreneurs is the Limited Liability Company (LLC), known in Georgian as S.A.R.L. (შ.პ.ს.) — "Siaxleebi Pasuxismgeblobis Sazogadoeba".

Key advantages of LLC:

Only 1 shareholder and 1 director required.
No minimum share capital.
Liability is limited to the company's assets.
100% foreign ownership allowed.
Suitable for almost any type of business: consulting, IT, e-commerce, import/export, real estate, and many others.

Other legal forms exist (Individual Entrepreneur, Joint Stock Company, Branch Office, Representative Office), but the LLC is by far the most flexible and most commonly used structure for foreigners.

Step-by-Step Process to Register a Company in Georgia

Here is the full procedure to open your Georgian company:

1. Choose Company Name

Your company name must be unique and not conflict with existing registered names in Georgia. The name can be in English, Georgian, or both. It’s recommended to check availability in advance.

2. Prepare Legal Address

Every company in Georgia requires a legal address for registration. This can be a physical office, a virtual office, or a registered address service provider like Bilitto.com. The address will be used for official correspondence, legal notifications, and tax registration.

3. Prepare Identification Documents

As a foreign founder, you will need:

Valid passport copy (notarized translation may be required).
Power of attorney if someone else represents you during registration.

If you use Bilitto’s full-service package, we handle all translations and legalizations for you.

4. Prepare Company Charter

A standard charter can be used, which defines the company structure, management, and ownership shares. Bilitto provides pre-approved templates for most business models.

5. Company Registration

The company registration is done at the National Agency of Public Registry (NAPR). Registration can be done:

In person at Public Service Hall in Georgia.
Through a legal representative with a power of attorney.
Fully remotely using Bilitto's digital setup service.

Registration takes 1 business day once all documents are submitted.

6. Tax Registration

After company formation, the business must register with the Revenue Service of Georgia to obtain:

Tax Identification Number (TIN).
VAT registration (if applicable).
Employer registration for payroll taxes (if hiring staff).

Bilitto handles full tax registration as part of the company formation service.

Taxation for Companies in Georgia

One of Georgia’s biggest advantages is its simple and competitive tax system:

Tax Type	Rate
Corporate Income Tax	15% (only on distributed profits)
Dividend Tax	5% (when dividends are distributed)
Personal Income Tax	20%
VAT	18%
Small Business Status	1% turnover tax (up to 500,000 GEL revenue)

Importantly, Georgia uses a "Estonian-style" corporate tax system: profits that are retained and reinvested are not taxed until they are distributed as dividends. This allows companies to grow tax-efficiently.

Bank Account Opening

To operate your business, you will need a corporate bank account. Most Georgian banks allow foreigners to open business accounts with the following:

Company registration documents.
Tax registration certificate.
Passport of shareholder/director.

Bilitto provides full bank account assistance as part of its services. In many cases, account opening can be arranged fully remotely.

Do You Need to Visit Georgia?

In most cases: No.

Thanks to Bilitto's digital company setup service, foreign clients can register a company without visiting Georgia personally. Through power of attorney and remote processing, your company can be fully established from abroad.

However, some clients choose to visit Georgia for bank account opening, residence permit applications, or personal meetings.

How Bilitto.com Helps You

Opening a company abroad can feel complicated. That’s why Bilitto offers a full package for foreigners who want to register their company in Georgia:

Legal address in Tbilisi.
Full company formation.
Tax registration.
Bank account assistance.
Mail forwarding and virtual office services.
Ongoing accounting and tax support.
Professional legal and tax consultation.

Our team handles the entire process — from first consultation to full operation — allowing you to focus on your business while we handle the paperwork.

Start Your Company in Georgia Today

Georgia offers one of the fastest, simplest, and most business-friendly registration systems in the world. With the right local partner, you can open your Georgian company remotely, in just a few days.

If you are ready to start your company, contact Bilitto.com today for a free consultation. We make company formation in Georgia easy, fast, and fully transparent for foreign entrepreneurs.