Georgia IFC Company

About that Country :

Georgia has one of the most competitive markets in its region, which offers numerous incentives for the development of the business environment. Georgia is a newly industrialized country, which has high growth rates of 9-12% since 2000. Due to a continuously reformed economy, it has managed a relatively stable level of growth, especially compared to other similar nations.

The main reason for most of our client to incorporate in Georgia is TAXES, TAXES and TAXES;

Georgia moved from a tax regime under which companies were subject to tax on their annual taxable profit system where tax is paid only if corporate profits are distributed (Estonian Model). Otherwise saying corporate tax in Georgia is 0% as far as profits haven’t been distributed! Multiple tax schemes also provide for generous tax exemption on foreign sourced income (read more about tax residency for High-Net-Worth individuals).

International trading company (special trade company); international businessmen can register their company as a special trade company in order to benefit from Georgia corporate income tax exemption

Financial Licenses available; Georgia companies offering financial services to overseas customers can benefit from full corporate income tax exemption on all income related to the sales of financial services and securities to non-Georgian customers, as long as their foreign sourced income exceed 90% of their total income

Georgian international financial companies are attractive for the provision of offshore financial services to worldwide customers

Free zones available; Foreigners can form a wholly owned company in one of Georgia’s free trade zones which offers tax advantages, including full exemption from corporate income tax and VAT, and exemptions from property tax

Issued share capital required: US$ 1

Currency used in business in Georgia is USD

COMPANY REGISTRATION EXPENSES : from EUR 100 (USD 125)
Pricing : Expenses may vary depending on entity type, document requirements and type of founders

Establishment of company

Standard M&MA and Minutes of Meeting

Company documents

Apostille

Courier services

ASSISTANCE & CONSULTING BEFORE AND DURING THE INCORPORATION : from EUR 495
Pricing : EUR 99 – 185 /hour depending on tasks (min assignment with the Georgia company set up is 5 hours)

Business and tax consultation before incorporation

Assistance in registration process

Document legalization and recommendation letters

Business plan and Due Diligence

Bank accounts and payments solution

Insurances & Finance

ADMINISTRATION, LEGAL & ACCOUNTING SERVICES : Optional
Pricing : ask quotation from selected services

Company address, Virtual office services

Qualified contact person

Custom M&MA

Agreements between founders, partners, directors, contractors and employees

Special business licenses

Technical directors and UBOs

VAT and Tax prepayment

Bookkeeping

Accounting & Payroll

Financial controller

Funding

IP

Company Formation : Starts $1500