Launch Your Venture in a Day
Imagine this: You’re sipping coffee in a cozy Tbilisi café, overlooking the misty Caucasus Mountains, and by the end of the day, your business is officially up and running. No endless paperwork piles, no bureaucratic mazes—just a streamlined process that takes about 24 hours. Welcome to Georgia, the hidden gem of Europe-Asia crossroads where starting a business feels less like a chore and more like an adventure.
In 2025, Georgia continues to top global rankings as one of the easiest places to launch a company. With zero capital gains tax for non-residents holding assets over two years, a flat 15% corporate tax (and even lower for IT or small businesses), and free trade deals with the EU, China, and Turkey, it’s no wonder entrepreneurs from Dubai to New York are flocking here.
Whether you’re eyeing Batumi’s booming tourism scene or Tbilisi’s tech hubs, registering a business—typically as a Limited Liability Company (LLC) or Individual Entrepreneur (IE)—is straightforward and foreigner-friendly. You can even do it remotely via Power of Attorney, no visa required.
But where do you start? I’ve walked dozens of expats through this process, and it boils down to five simple steps. Follow along, and you’ll be trading, innovating, and growing before you know it. Let’s dive in.
Step 1: Choose and Reserve Your Business Name
First things first: Give your venture a name that sings. In Georgia, your business name must be unique and not too similar to existing entities—no “Georgia Bank” if you’re opening a bakery, for instance. It should also end with “LLC” or “Ltd” for companies, though IEs can skip that flair.
Head to the National Agency of Public Registry (NAPR) website (napr.gov.ge) and run a quick search to check availability. If it’s free, reserve it online for 30 days—it’s free or costs just a few GEL (Georgian Lari, about $0.35 each).
Pro tip: Pick something memorable that nods to your global ambitions, like “SilkRoad Innovations LLC,” evoking Georgia’s historic trade routes.
This step takes 10 minutes tops. Why rush? A locked-in name keeps dreamers from stealing your thunder while you prep the rest.
Step 2: Gather Your Documents and Appoint a Director
Now, assemble your toolkit. For an LLC, you’ll need:
–Passport copies (notarized and apostilled if from abroad—Hague Convention countries get a pass on apostilles).
–Proof of address.
–A simple charter document outlining your business activities (templates abound online).
–Appoint at least one director—can be you, a local rep, or even remote. No residency required; 100% foreign ownership is the norm here.
For IEs, it’s even lighter: Just your ID and a basic application.
If you’re not in Georgia, draft a Power of Attorney (PoA) for a local agent to handle filings—costs around 600 GEL and can be done digitally.
Feeling overwhelmed? Local firms like Gegidze or ExpatHub offer this for under 1,500 GEL total.
By the end of this step, you’re primed and paper-ready.
Step 3: File Your Registration with the Public Service Hall
This is the magic moment: Submit everything to the Public Service Hall (PSH) or online via the House of Justice portal. For LLCs, file your charter and application form; IEs use a one-page declaration.
Fees? A steal—100 GEL (about $35) for registration, plus 20 GEL for the state fee. Pay in cash at a PSH bank or by card on-site.
Approval? Often same-day, with your registration certificate emailed or handed over by next business day.
Walk into a PSH in Tbilisi or Batumi—think modern, efficient hubs with English-speaking staff—and emerge as a legal entity. It’s like checking in at an airport, but instead of a flight, you board the entrepreneurial express.
Step 4: Secure Your Tax ID and Open a Bank Account
With registration in hand, snag your Taxpayer Identification Number (TIN) from the Revenue Service—automatic upon filing, or request it online in minutes. This is your golden ticket for invoicing, VAT (if turnover hits 100,000 GEL), and compliance.
Next, open a corporate bank account. Banks like TBC or Bank of Georgia welcome foreigners with open arms—bring your registration, passport, and TIN. No minimum deposits for basics, and digital onboarding means you could be wired up remotely.
Bonus: Georgia’s banking scene is EU-standard, with seamless international transfers and crypto-friendly vibes.
Step 5: Comply, Launch, and Scale
You’re live! But don’t stop here—register for social security if hiring staff (easy online via the Labor Ministry) and grab any sector-specific licenses (e.g., for tourism or imports).
Annual re-registration is a breeze by April 1 each year for 100 GEL.
Georgia’s perks shine now: 0% tax on undistributed profits, free industrial zones with zero VAT on exports, and a double-taxation treaty network spanning 58 countries.
Scale up in Kutaisi’s logistics parks or Tbilisi’s startup scene, fueled by Black Sea ports and a young, multilingual workforce.
Why Georgia? Your Launchpad to Limitless Growth
In a world of red tape, Georgia is a breath of fresh air—ranked 7th globally for ease of doing business by the World Bank.
Low costs (full setup under $200), minimal bureaucracy, and a vibrant expat community make it ideal for solopreneurs to multinationals. I’ve seen tech firms double revenue in year one and artisans turn hobbies into empires.
Ready to join them? Grab your passport (or PoA), hit the NAPR site, and take that first step today. Your Georgian success story starts now—efficient, exciting, and entirely within reach.
What’s your business dream? The mountains are calling.
For More Information Contact An Associate At Fortenza Global For A Complimentary Consultation
