Can a foreigner register a business in Georgia?
Yes. A foreign individual or legal entity may be a founder or participant. The exact set depends on the identity of the founder, the method of signing and the country of issue of the documents.
Do I need a residence permit to register an LLC or individual entrepreneur?
The residence permit itself is not a general requirement for registration. However, migration, banking and tax status are assessed separately.
What to choose - LLC or individual entrepreneur?
The choice depends on the number of owners, personal property liability, activity, turnover, counterparties and tax model. An individual entrepreneur is not a legal entity and is liable for obligations with all of its property; An LLC is a separate legal entity.
Is it possible to register an LLC with one founder?
Yes, a company can have one founder. It is necessary to determine the director, legal address, name, participation structure and rules of representation.
Are articles of association required?
To register a company, a constituent document containing the articles of association is required. You can prepare a customized version or use the applicable standard bylaws.
Is it necessary to notarize the signatures of the founders?
Not always. The law allows for confirmation of signatures by a registration authority or other authorized person, as well as a qualified electronic signature. Separate requirements may apply for powers of attorney and foreign documents.
Do you need a legal address in Georgia?
Yes, the register indicates the actual address in Georgia. Depending on the situation, the consent of the owner or a document confirming the right to use the address will be required.
Is it possible to register a business remotely?
Preparation and verification can be done online. Filing remotely is only possible with a suitable power of attorney, qualified electronic signature or other acceptable method. The route is checked individually.
How long does registration take?
The period depends on the chosen state procedure and the readiness of the documents. Before we begin, we provide a realistic time frame for the entire itinerary, including translation, notary and corrections if necessary.
Is small business status assigned to individual entrepreneurs automatically?
No. Registering an individual entrepreneur and obtaining small business status are different procedures. Status is granted upon a separate application if the type of activity and other conditions are met.
Does an individual entrepreneur with small business status always pay 1%?
A 1% rate may be applied to small business taxable income if the terms of the Internal Revenue Code are met. If the established threshold is exceeded, 3% may be applied, and certain types of activities and income are not subject to the regime. A tax audit is required before applying.
Do I need to register separately as a VAT payer?
State and tax registration of an entrepreneur occur together, but obligations for VAT and special tax statuses are determined separately by activity, turnover and operations.
Will the bank open an account immediately after registration?
The decision is made by the bank after its own verification of the client, business and origin of funds. Registering a company does not guarantee opening an account, but we will help you prepare a clear set of data.
Is it possible to change the director, member or address later?
Yes. Most corporate data can be changed through the registration procedure. To transfer shares, powers and foreign documents, we check the form of the decision, signatures and confirmations in advance.
How much do YURFIRMA services cost?
LLC registration packages: START - 690 GEL, BUSINESS - 1,290 GEL, PREMIUM / REMOTE - from 1,990 GEL. VAT and government duties are paid separately. Before starting work, we will agree on a full estimate, including any necessary additional costs.