Registering a Business in Georgia is a straightforward and relatively fast process that can be completed in a few simple steps. The process of company registration is managed by the National Agency of Public Registry (NAPR), which is responsible for maintaining the country's commercial register.
The following is a detailed overview of the steps involved in registering a company in Georgia:
- Choose the Type of Company: The first step in the company registration process is to determine the type of company you wish to register. Georgia offers several options, including a Limited Liability Company (LLC), Joint Stock Company (JSC), Partnership, or Sole Proprietorship. The LLC is the most common type of company registered in Georgia.
- Choose a Company Name: The next step is to choose a company name. The company name should be unique and not already registered with the NAPR. The name should also not infringe on any existing trademarks or copyrights.
- Prepare Company Documents: The next step is to prepare the necessary company documents. These documents include the company's Articles of Association, which outline the company's purpose, structure, and management, and the company's Charter, which includes the company's name, address, and the names of its founders.
- Open a Bank Account: The next step is to open a bank account in Georgia.
- Register the Company: The next step is to register the company with the NAPR. This involves submitting the notarized company documents, along with the application form and any necessary fees. The NAPR will review the documents and issue a certificate of registration if everything is in order.
- Obtain Tax Registration: After the company is registered with the NAPR, the next step is to obtain tax registration. This involves registering the company with the Revenue Service of Georgia and obtaining a tax identification number (TIN).
In conclusion, the process of registering a company in Georgia is a relatively simple and straightforward process that can be completed in a few steps. By following these steps, entrepreneurs can quickly and easily establish a business in Georgia, a country known for its favorable business climate and low tax rates.