Legal entity types in Georgia compared
Our team is experienced in helping entrepreneurs like yourself understand Georgia’s business structures. We offer a range of services to help you select the right structure for your venture and ensure compliance with all legal regulations. Let’s examine the different business structures and discuss how we can assist you in establishing your business in this thriving European nation.
Legal entities in Georgia
Here is a summary of the most popular legal entities that you can choose from in Georgia:
| Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
|---|---|---|---|---|
| Limited Liability Company | შეზღუდული პასუხისმგებლობით საწარმო | $ 0 | Directors | 5 days |
| Partnership | პარტნიორობა | $ 0 | Partners | 10 days |
| Branch Office | – | – | Branch manager | 15 days |
| Holding Company | – | – | Board of directors | 10 days |
Limited Liability Company (შეზღუდული პასუხისმგებლობით საწარმო)
The Limited Liability Company is a popular option for businesses in Georgia due to its simple registration process and versatile structure. We are ready to assist you in establishing this type of company in Georgia.
Partnership (პარტნიორობა)
Smaller businesses and professional practices in Georgia frequently opt for the Partnership structure due to its simplicity and minimal regulatory obligations. This makes it a convenient option for collaborating and profit-sharing. We are available to help you with registering your Partnership in Georgia.
Branch Office
A branch office serves as a way for a parent company to operate in a different location while keeping its original legal identity. Setting up a branch office in Georgia can benefit companies wanting to grow their business in the country without having to establish a new legal entity. Operating as a branch allows the parent company to utilize its brand reputation and resources while entering new markets. We provide full assistance in navigating the complexities of establishing and running a branch office in Georgia, guaranteeing a seamless and compliant entry into the market.
Holding Company
A holding company is commonly used to control other companies by owning their shares. In Georgia, creating a holding company can provide advantages like centralized management, risk spreading, and tax benefits. Setting up your business as a holding company allows for effective management of multiple subsidiaries, simplification of decision-making, and improvement of tax planning. Our team of experts offers personalized advice and support to aid in the establishment and operation of a holding company in Georgia, ensuring adherence to regulations and maximizing the potential of your corporate structure.
Requirements for starting the business
Let’s examine the crucial prerequisites for initiating any form of business entity in Georgia and the assistance provided by our committed team throughout the entire process.
Minimum share capital
Georgia enforces minimum share capital requirements based on the selected business structure. Our team helps determine the required minimum share capital for starting your business, regardless of the corporate type. We collaborate closely with you to ensure that regulations are met and your financial resources are utilized effectively.
Directors and shareholders
In Georgia, it is mandatory for every business entity to appoint directors and shareholders. Our experts provide valuable guidance in selecting appropriate directors to ensure that the company benefits from their expertise and aligns with your strategic goals.
Legal duties and obedience
It is essential to stay up-to-date with obligations such as registration, reporting, and tax requirements. Our legal team manages the administrative tasks to ensure full compliance, allowing you to concentrate on your core business activities without worrying about paperwork.
Book a consultation
The team makes an effort to comprehend your objectives, field, and obstacles in order to offer tailored assistance during the process of starting a business. We assure a smooth and trouble-free path to creating a successful company in Georgia with our expertise and commitment to delivering excellent service. Do not let the challenges of starting a business in Georgia hinder your success. Trust us to help your company achieve its full potential. Start your path to success by reaching out to us today. Complete and submit the inquiry form below and our experts will reach out to you.