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Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~42 days
Setup Time
~$80
Setup Cost
15%
Corporate Tax
100%
Foreign Ownership
#7
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Limited Liability Company Shezghuduli Pasukhismgeblobis Sazogadoeba (LLC) | None | 100% | Limited | 1 | Most common entity for foreign investors - no minimum capital, full foreign ownership, registration in 1 business day |
Joint Stock Company Saaktsio Sazogadoeba (JSC) | None | 100% | Limited | 1 | Larger enterprises and Georgia Stock Exchange-listed companies |
Individual Entrepreneur Individualuri Mtsarmoebeli (IE) | None | 100% | Unlimited | 1 | Freelancers and small operators - 1% Small Business Status tax up to GEL 500,000 turnover |
Branch of Foreign Company | None | 100% | Unlimited | 0 | Foreign companies operating in Georgia without a separate legal entity |
Reserve a legal address
Secure a registered address in Georgia (lease agreement or owned property) - required at filing
1-3 days
~$50
Private landlord or business centre
Register at Public Service Hall
File charter, founder details, and director appointment at any Public Service Hall or House of Justice; registration is typically completed in one business day
1 days
~$30
Public Service Hall (LEPL National Agency of Public Registry)
Receive tax ID automatically
The unified registration assigns a tax identification number simultaneously with company registration
0 days
Free
Revenue Service
Open a corporate bank account
Open a multi-currency account with TBC, Bank of Georgia, or Liberty Bank; same-day opening is common for residents and 2-5 days for non-residents
1-5 days
Free
Commercial Bank
Register for VAT if applicable
VAT registration is mandatory once turnover exceeds GEL 100,000 in 12 months; voluntary registration is available below the threshold
1-3 days
Free
Revenue Service
Apply for special tax statuses
Apply for Virtual Zone (0% on IT exports), International Company status (5% corporate tax), Small Business Status (1%), or Free Industrial Zone benefits
7-30 days
Free
Revenue Service or Ministry of Finance
$70/mo
Minimum Wage
$670/mo
Average Wage
40 hrs/week
Work Hours
24 days/year
Paid Leave
1 weeks/year
Severance
2% of salary
Employer Social Security
2% of salary
Employee Social Security
Not required
Foreign Worker Permit
Foreign Worker Quota: No work permit required for most foreign nationals to work for a Georgian employer; residence-by-investment paths are simple. Citizens of 95+ countries enjoy 365-day visa-free stay.
Work Permit Process: No separate work permit; foreign employees work under their existing visa-free or residence status. Employer simply registers the employee with the Revenue Service for payroll.
#7/190
Ease of Business Rank
1 days
Starting a Business
1 days
Registering Property
285 days
Enforcing Contracts
53/100
Corruption Perception
84%
Internet Penetration
GEL
Currency
UTC+4
Time Zone
10
Retail (months)
8
F&B (months)
12
Tech (months)
18
Manufacturing (months)
7
Services (months)