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Step-by-step regulatory requirements organized by timeline phase
File charter, founder details, and director appointment at any Public Service Hall or House of Justice. Registration usually completes in 1 business day and assigns the tax identification number simultaneously.
Secure a Legal Address
Provide a registered address in Georgia (lease agreement or owned property) at the moment of incorporation. Virtual office services are accepted.
Open Corporate Bank Account
Open a multi-currency (GEL/USD/EUR) account with TBC Bank, Bank of Georgia, or Liberty Bank. Same-day opening common for residents; non-residents need 2-5 business days plus full KYC.
Apply for Residence Permit for Founders
Founders qualify for one-year temporary residence based on company ownership; renewable annually. USD 100,000 investment in real estate or a Georgian company qualifies for permanent residence.
Apply for Sector Licences
Banking and insurance (NBG), gambling (Revenue Service), pharmaceuticals (MoH), and broadcasting (CommComm) require sector-specific licences before operations.
Apply for Virtual Zone Status (if IT exporter)
Submit online application to the Ministry of Finance for Virtual Zone Person status. Approval grants 0% corporate tax on IT services delivered to non-Georgian customers.
Apply for International Company Status (if eligible)
IT and maritime companies with at least a 2-year track record abroad can apply for International Company status: 5% corporate income tax and 5% personal income tax on qualifying activities.
Register Employees and Pension Contributions
Register each employee with the Revenue Service for payroll. Mandatory pension contributions of 2% employer + 2% employee + 2% government top-up via the Pension Agency.
Beneficial Ownership Disclosure
Disclose beneficial owners to the National Agency of Public Registry and update within 14 days of any change. Required under AML legislation aligned with FATF recommendations.
Monthly Payroll Withholding (Form RS)
File monthly payroll declaration and pay 20% personal income tax withheld plus pension contributions by the 15th of the following month.
Monthly VAT Return
File monthly VAT return and pay net VAT by the 15th of the following month via the Revenue Service e-portal. 0% rate for exports including IT services to non-residents.
Distributed Profit Tax (when paying dividends)
Georgia uses Estonian-style distributed profit tax: 15% only when profits are distributed as dividends or for non-business spending. Withhold 5% dividend tax for resident individuals (0% for legal entities).
Annual Financial Statement Filing
Companies above threshold file financial statements with the Service for Accounting, Reporting and Auditing Supervision (SARAS) by 1 October each year. Audit required for medium and large enterprises.