Small business setup in Georgia
Georgia offers a favorable environment for small businesses with its business-friendly policies and opportunities in logistics, tourism, and energy. As experts in supporting start-up and expanding businesses, we can help you navigate the documentation and processes needed to launch your enterprise in Georgia. Let’s talk about the benefits of starting a small business in Georgia and how our specialized solutions can help you succeed.
Formalities and procedure
Registering a small enterprise in Georgia can be done in a few weeks by following a series of steps.
Choose a business name
The name of the business must be original and not currently being used. You can verify the availability of a name on the Georgia Trade Registry’s website.
Select legal entity type
It is crucial to choose the right legal structure for your small business in order to ensure its success. We offer expert advice on Limited Liability Company (LLC), Partnership, Branch Office, and Holding Company to assist you in making an informed decision that meets your specific needs and future goals.
Set up legal address
When beginning a business, it is crucial to have a legal address as it acts as the primary point of contact for government agencies, legal authorities, and important business communications. Selecting a legal address that complies with local regulations and meets your business needs is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s structure and objectives. We ensure compliance with all legal regulations and will handle the filing procedures on your behalf.
Open a bank account
Setting up a corporate bank account is necessary for establishing businesses in Georgia. Our team will guide you through the process to ensure compliance with regulations and help you open an account with a reputable financial institution in Georgia for your small business dealings.
Company registration
We take care of the registration process with organizations such as Trade and Companies Register and tax authorities, easing the administrative workload for you. This ensures that your small business is recognized and compliant with the law from the beginning.
Setup accounting
In order to effectively start a small business, it is important to keep precise financial records. Our accounting professionals can assist in creating efficient accounting and bookkeeping methods that adhere to Georgia’s regulations.
Small business examples
Small businesses can be found in various industries and sectors, each having their own unique requirements. Here are a few examples of small businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Georgia
Georgia is an attractive option for starting a small business, providing numerous benefits.
Strategic location
Georgia offers favorable policies and chances in logistics, tourism, and energy to companies looking for opportunities in a steady and developing environment. Positioned at the intersection of Europe and Asia, with competitive costs and government efforts to boost investment and entrepreneurship, Georgia provides various benefits for businesses aiming to set up operations in the area.
Favorable tax regime
Georgia’s corporate income tax rate is 15%, which is known for its business-friendly environment and low taxes. Its strategic location at the crossroads of Europe and Asia also makes it attractive for trade and business activities.
Banking
Georgia’s banking industry provides stability and ease of access, which allows for efficient financial services and investment opportunities in a developing economy.
Our small business setup solutions
We understand that your time and resources are valuable. That’s why we offer two convenient options to make the process of company formation easier.
Business formation online
By utilizing the online platform offered by Georgia, individuals are able to start and finalize the process of creating a business from any location globally. The option to track advancement, upload necessary paperwork, and access our services through secure digital channels guarantees a seamless and convenient process.
Business formation remotely
If you would rather not deal with the paperwork, we can take care of everything for you. Our team of experts will handle all the necessary paperwork, communicate with the appropriate authorities, and ensure all formalities are completed to give you peace of mind.
Contact us today and launch your small business success
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s take that initial step together.