Unquestionable ownership right Companies for foreigners
No need for the personal presence to open a personal bank account
No double taxation with 57 countries
No need for the personal presence of the company's director / founder for the purpose of business registration
No verification of the company name is required. Several companies may bear the same name
No need to rent office space
No foreign exchange controls
No cliché "offshore"
Georgia is not a member of the CRS system (Common Reporting Standard)
No requirements for the authorised capital
Free trade agreements with 45 countries
Starting a Business 2020
Starting a Business 2020 analyses how fast and easy one can start a business
Paying Taxes 2020
Paying Taxes 2020 represents how business-friendly the tax system is
Doing Business 2020
The Doing Business is a ranking system made to assess conditions for doing business. The analysis is made by the World Bank team (World Bank Group). 190 countries are subjected to research.
CRS (Common Reporting Standard)
The Common Reporting Standard (CRS) is an information standard for the Automatic Exchange Of Information (AEOI) regarding financial accounts, developed by the Organisation for Economic Co-operation and Development (OECD)
Clients
Our services suit perfectly
Freelance specialists
Programmers, designers, marketers, etc. pay 1% taxes with an annual income of up to $150,000
IT companies
Exempt from taxes when registered as a Virtual Zone Entity
Small and medium-sized enterprises
No taxes at the end of the year if you don’t withdraw funds from the company’s account
Client's cases
Alexander Sokolov - a freelance developer from Russia
Our client Alexander Sokolov is a freelance developer from Russia. He works in one of the American companies. Therefore, the salary is charged from USA. However, due to the current situation, a problem has arisen regarding the transfer of money. He could not receive transfers on the Russian industrial entrepreneur and bank account.
To solve this problem, we registered an entrepreneur, made a small business certificate, with which he pays 1% of his own earnings. Also, we opened a premium Solo account in the Bank of Georgia.
After all this, he signed a contract with the company - with Georgian entrepreneurship. Alexander was also freed from unnecessary problems because we provide accounting services and send the declaration to the Ministry of Finances every month. Today, he already uses the Georgian visa card in any country.
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Tomas Bernius is from Lithuania. He found us through Google. We then recorded Zoom Call and as he described to us, his problem was related to tax optimization. We went through all the details and to solve the problem we offered to register a Georgian LLC. Tomas only needed to send a power of attorney certified by apostille for this. Other issues have already been resolved on the spot. Three days after the receipt of the document, we gave him a ready-made company, where he was the founder and director.
In order to receive transfers from international partners, we have opened an account at Bank Wise online. Tomas conducts international business with his Georgian company and doesn’t pay taxes at all, because he is focused on the expansion and development of the company.
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David Miller cityzen from USA. His annual income exceeds half a million dollars, and therefore he paid quite high taxes. David wanted personal income tax exempt. We made an investment residence permit. With this, he obtained the residency of Georgia for a period of 5 years.
David has not lived in any country for more than 6 months. Therefore, it is important for him to have a paid residency in the country that is most favorable for him.
According to Georgian law, his income received in America is exempt from taxes.
* — Companies and organizations mean different forms of ownership - LLC. SP.
* — Companies and organizations mean different forms of ownership - LLC. SP.
* — 1 client called when the phone battery of the manager was running out of power The client was not happy. The phone battery will never run out again.
SERVICES
We offer
Business registration
from $700
The procedure takes 2 days and includes the following services:
• Charter in three languages • Permanent legal address • Registration with the tax office • Translation of documentation into Georgian and notary services
Regulation of funds within the framework of Georgian legislation
• Finances services based on general primary documentation, contracts and other sources of company data. • Opening bank accounts for you and your company in Georgia and abroad • Working with state institutions of Georgia directly • Accounting • Control of economic changes in the country • Monthly submission of a declaration to the tax office
Learning the law of a foreign country takes time. We will ease this burdenfor you:
• Registration of legal documents • Protection of interests within the framework of the law • Elimination of errors in documents • Control of legal changes in the country • Supervision and avoidance of fines within the framework of the law • Working with state institutions of Georgia directly • Real estate services Learn more
Company registration (With Personal attendance) Limited Liability Company (LLC) - €800 / Individual Entrepreneur - €700
Closing the company (client on the place) - €700
Registration of the company remotely (includes first month of tax declaration) — €1100
With 1-2 founders, the cost of registering an LLC is €1200, when there are more than two founders, the cost of each additional founder is €100
Closing a company remotely - €800
Price of Virtual Zone Certificate - €900
Cost of Trading Company Licenses - €600
The cost of a nominee Director - €400 - €500
Price of Multicurrency Bank Account with a Visa Platinum card - €800
Price of Georgian Residence Permit – €1000 Learn more
Financial and Legal Support - From €100
The cost of a registered (finished) company:
With virtual zone certificate - €3500
With a bank account - €2500
Financial support
Open a bank account (Client on place) — €400 ( individual / entrepreneur)
Open a bank account remotely — €600 (individual / entrepreneur)
Open a bank account (Client on place) — €800 (for companies)
Open a bank account remotely — €800 (for companies)
Opening an Account in TransferWise/Payoneer/PayPal — €200 + Visa Card €100 (physical person / entrepreneur)
Opening an Account in TransferWise/Payoneer/PayPal — €400 (for companies)
Opening a two-way PayPal Account — €200
The cost of accounting services — €100 — up to 20 transactions per month, €150 — up to 50 transactions per month, €50 - 0 transactions per month
The cost of consultation about accounting - €100 (1 hour)
SIM card cost - €40
Benefits:
Send a bank card to any country
Free Georgian SIM card
Registration term is 2 days
Accounting service for 1 month
Legal Services
The cost of one document certified with an apostille (in 3 working days) — €100
The cost of one document certified with an apostille (in one working day) — €150
Real estate agreement — from €200
Cost of legal consultation - €150 (1 hour)
Benefits:
Permanent legal address
1 hour of legal and tax consultation
Learn the price
Please provide your contact details and we will contact you shortly
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Export-import services
Making bank transfers
If your company is engaged in the export or import of products and has encountered various obstacles, our specialists can offer full financial support: • find out why it is not possible to pay the subject of the transaction from your account; • we will collect a package of documents for opening an account in Georgia; • draw up the necessary documentation for the bank; • track the opening and provide you with all the information on the account; • we will negotiate with the bank in case of problems with financial transactions.
Deals with Europe and America
If your company is engaged in exports to the CIS countries, imports from Europe and the USA, etc., our specialists will also provide legal support and advice at all stages.
We will help develop your business through a bank account in Georgia and a Georgian company, as well as solve the issue of logistics.
When contacting us, you will receive guaranteed quality support and assistance in global changes to your business for its further prosperity.
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A month of accounting services as a gift when registering a business
This way I stay at the center of the company's events and make a positive contribution to my clients.
Our entire team is structured in a similar way.Each of us carries the experience of an entrepreneur, public servant or leader in the banking, government and manufacturing industries. We know what problems companies face and we know how to solve them from the other side.
Each specialist has his own area of responsibility, based on experience and achievements. Actual knowledge of business and a clear distribution of responsibilities allows us to perform 98% of tasks ahead of schedule.
2019 - 2021 Administrative activities and personnel management in a advertising campaign
Translator for the special requests
Zurab Ulumbegashvili
Higher education: Ilia State University, Law faculty
5 years of experience as a lawyer in private, public and non-governmental sectors
Has experience working as a chief lawyer in a financial company
Kote Chokoraia
Associate Professor of the State University named after Ilya, 2014 public law, constitutional law. 13 years of experience in the public, private and non-governmental sectors (National Center for Excellence in Education, State Constitutional Commission, Center for Institutional Development, Angie Travel Company, York Time Company. 10 years of experience in the field of education - State University. Ilya, Georgian-American University, State Medical University, Sulkhan-Saba University, Tbilisi Open University.
Ana Bakhturidze
10 years of experience in administration, personnel management, project management, communication with government agencies. (Imedi TV, Tabula TV, Natalie Modeling Agency, Philip Morris, Caucasus International University, Company - York Time, Georgian Institute of Debate and Education).
TESTIMONIALS
About working with us
We are pleased to confirm that Labartkava consulting efficiently helped us to set up the business quickly and open a business bank account with a local bank easily. The Labartkava consulting staff knows how to manage the incorporation process, their knowledge shows in the way the handle the project. Thank you for the helpful support re Belarus business set up.
Mr. Bill Myers
I highly recommend this multicultural team, driven by real motivation, a real knowledge of the business environment and visible desire to assist their clients.
Mr. Michael Rooks
Thank you for your efficient support in the setting up our Germany company. I am happy to act as Reference for Labartkava consulting and can speak to their costumer service and professionalism.
Mr. Karl Schäfer
Labartkava consulting is everything we can expect from consulting business experts for setting up companies in any industry with reasonable costs. A big thank you to everyone i have worked with, great job!
Ms. Leanne Smith
I have been living in Georgia for 4 months, and I tried to make a card of many banks. I was denied all of them because I did not have an official job. My good friend brought me to Labartkava Consulting. In 3 days, I was approved of the card in Solo, in the premium service bank of Georgia. I just presented my passport and Russian bank statements. Now I can pay her not only in Georgia, but also in the whole world.
Thank you Labartkava Consulting. They open bank accounts, individual entrepreneurs and help in optimizing taxes. You can contact and make a card or IP not only in Georgia, but also in another part of the world.
Ms. Sarafina Indongo
CLIENTS
Quality of our work has already been appreciated by
FAQ
Frequently asked questions
Yes, it is possible. we will just need notarized Power of Attorney (POA) from an entrepreneur.
After getting a POA from an entrepreneur, it takes 3 business days to prepare documents and register a company. Opening of Bank account also takes 3 business days.
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).
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.
For non-residents of Georgia bank accounts can be opened both in Georgian and in foreign banks. Accounts also can be opened at payment systems such as PayPal, Paysera, TransferWise.
Yes! A citizen of any country has the right to establish a company in Georgia and be its 100% manager.
While registering a Legal Entity and opening a business in Georgia, no shared capital is required.
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.
The price of closing a business in Georgia starts from 400 € and the process usually takes one month.
Yes, it is possible. we will just need notarized Power of Attorney (POA) from an entrepreneur.
After getting a POA from an entrepreneur, it takes 3 business days to prepare documents and register a company. Opening of Bank account also takes 3 business days.
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).
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.
For non-residents of Georgia bank accounts can be opened both in Georgian and in foreign banks. Accounts also can be opened at payment systems such as PayPal, Paysera, TransferWise.
Yes! A citizen of any country has the right to establish a company in Georgia and be its 100% manager.
While registering a Legal Entity and opening a business in Georgia, no shared capital is required.
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.
The price of closing a business in Georgia starts from 400 € and the process usually takes one month.
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Contacts
Still have questions?
If you still have questions, please provide your contact details and we will contact you shortly