COMPANY REPORT

Georgia

Georgia: company formation for location-independent founders. Georgia is outside the EU with a 15% corporate tax rate, rated high as an incorporation base for nomads and online businesses.

Limited Liability Company (LLC (Sh.P.S.)). Limited liability. Minimum capital €1 / none. Bookkeeping required. No audit. Beneficial owner is public. No local substance required.

Substance & taxation. A company on paper here does not move your tax home: if you run it from another country, controlled-foreign-company and place-of-effective-management rules can tax the profits where the business is really managed. Georgia works best when its structure matches where you actually live and work.

What applicants report. Members have shared 1 first-hand report. reported timelines include LLC registered in Tbilisi PSH in 1 day. Bank account setup took 2 weeks due to extensive KYC on corporate shareholders.. common friction points: Traditional banks (TBC & BOG) require high-level physical substance or active local staff for LLCs owned by foreigners. Pure letterbox LLCs struggle to maintain active accounts unless they use EMI alternatives (like Wise or Payoneer) or prove a high volume of transactions.. practical tips: Establish a physical office or hire at least one local representative/employee to satisfy local banking KYC requirements; Prepare apostilled or legalized physical documents well in advance if corporate shareholders are involved. Treat this as community orientation, not a guarantee.

Bottom line. For most location-independent founders the Limited Liability Company (LLC (Sh.P.S.)) is the natural starting point. Georgia works best when the structure matches where you actually live and manage the business — get substance and place-of-effective-management right before you incorporate, not after.

One card per case and applicant type. Colour shows the reported outcome.

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