Is it possible to get your services remotely?
Yes, we can provides services for you remotely. For providing services that require representation, will need notarized Power of Attorney (POA) from the client.
When will I pay 1% tax?
If Entrepreneur will register as Individual Entrepreneur (IE) and gets a status small business, then he pays 1% tax on their turnover. (Maximum annual turnover USD 150, 000).
Is there required minimum share capital needed when registering a company?
While registering a Legal Entity and opening a business in Georgia, no shared capital is required.
If I decide to close business in Georgia, how much will it cost and how long will it take?
The price of closing a business in Georgia starts from 400 € and the process usually takes one month.
How long does it take to register a company in Georgia?
After getting a POA from an entrepreneur, it takes 3 business days to prepare documents and register a company.
What is the tax amount for a company in Georgia?
The most common form of company registration in Georgia is LLC. The Georgian company pays 15% Corporate Profit Tax and 5% dividend tax. The company pays these taxes only if the founder withdraws the amount from the company as dividends. If the profit remains in the company and is reinvested, then the company does not pay any tax.
Can a foreign citizen be a founder and director of a Georgian company?
Yes! A citizen of any country has the right to establish a company in Georgia and be its 100% manager.
How often do I need to send information to the tax service?
LLC or a sole proprietor must send a declaration to the tax service every month before the 15th day of the month.
You should also send an annual declaration by April 1. The reports are to be sent via the internet on the tax platform.