How to Register a New Business in Georgia 2025
- Tinatin Tolordava
- Sep 4
- 6 min read
Table of contents
Introduction
Are you looking to register a new business in Georgia?
Whether you’re an entrepreneur from the EU, US, or anywhere in the world, Georgia offers one of the easiest, fastest, and most cost-effective environments to set up your business. From low tax rates to a crypto-friendly regulatory environment, Georgia has everything you need to start and scale your business.
In this step-by-step guide, we’ll show you exactly how to register a business in Georgia, the benefits of doing so, and how to take advantage of Georgia’s unique tax advantages like 1% tax for small businesses and the Virtual Zone for tech startups.
Let’s dive in!
Why Choose Georgia to Register Your Business?
Before we get into the registration steps, it’s important to understand why Georgia is becoming the go-to place for entrepreneurs and investors.
Low Taxes: Georgia offers one of the lowest corporate tax rates in Europe. Businesses in the Virtual Zone (ideal for IT and crypto) pay 0% tax on foreign income.
Simple Setup: LLC formation in Georgia takes just 1–2 business days. Yes, you read that right — it’s fast!
Crypto-Friendly: If you’re looking to run a crypto business or accept crypto payroll, Georgia is one of the most crypto-friendly countries with no capital gains tax on crypto earnings.
100% Foreign Ownership: As a foreigner, you can own 100% of your business in Georgia without needing a local partner.
No Bureaucracy: Georgia’s business regulations are designed to be simple, transparent, and efficient, making it an attractive choice for entrepreneurs from all over the world.
Step 1: Choose Your Business Structure
When you’re ready to register a business in Georgia, the first thing to do is select the legal structure of your company. Georgia offers several options, but most businesses opt for the following:
Limited Liability Company (LLC)
An LLC is the most popular business structure in Georgia, and it’s ideal for entrepreneurs who want personal liability protection and flexibility in how the business is managed. This structure is perfect for small to medium-sized businesses.
No minimum capital requirement for registration.
Personal liability protection: Your personal assets are protected from business debts.
Flexible management structure: You can manage the company alone or with partners.
Individual Entrepreneur (IE)
If you’re a freelancer or a solopreneur, the Individual Entrepreneur (IE) structure is a great choice. It’s designed for smaller businesses and offers a 1% tax rate for companies earning less than 500,000 GEL annually.
Simple registration process.
Lower taxes: 1% tax on turnover if your business earns under 500,000 GEL.
Less paperwork than an LLC.
Joint Stock Company (JSC)
A JSC is more complex and is typically used by larger companies or those seeking to issue shares. It’s ideal for companies that want to raise capital but comes with higher regulatory requirements and governance rules.
Step 2: Register Your Business in Georgia
Now that you’ve chosen your business structure, the next step is to register your business with the National Agency of Public Registry (NAPR). The process is straightforward and typically completed within 1–2 business days.
Key Steps for LLC Registration:
Choose a Unique Business Name: Your business name must be distinct and should not be similar to any already registered company.
Appoint a Registered Agent: In Georgia, you are required to have a registered agent who acts as the official point of contact between your company and the Georgian government. If you’re a non-resident, you can appoint a professional service provider like Gegidze.
Submit Articles of Organization: This document includes key information about your business, including the company name, structure, and management.
Obtain a Taxpayer Identification Number (TIN): This number is essential for tax reporting and opening a business bank account.
Step 3: Set Up Your Business Bank Account
After registering your business, it’s time to open a business bank account. Georgia’s banking system is efficient, and most banks offer multi-currency accounts that make it easy for international businesses to operate.
Key Points:
Bank accounts can be opened remotely in 3–5 business days.
Low banking fees and no minimum deposit requirements.
Multi-currency accounts are ideal for global transactions.
Once your account is set up, you’ll be ready to start managing your business finances and making international transactions.
Step 4: Register for Taxes
The Georgian tax system is simple, and businesses enjoy a flat 15% corporate tax rate. However, if you qualify for the Virtual Zone status (particularly for IT and digital service companies), you can benefit from 0% tax on foreign income.
Tax Registration Steps:
Obtain a TIN from the Revenue Service.
Register for VAT if your business has an annual turnover of more than 100,000 GEL or if you plan to import goods into Georgia.
File monthly payroll taxes and annual tax reports to ensure compliance.
Step 5: Leverage Georgia’s Crypto-Friendly Environment
If you’re involved in crypto or blockchain technology, Georgia offers an ideal environment for crypto payroll and crypto business setup. The country has become a hotspot for cryptocurrency businesses due to its favorable tax laws and regulatory clarity.
Crypto payroll in Georgia is taxed at just 1% or 5%, depending on your business structure.
There is no capital gains tax on crypto earnings if you’re trading abroad.
Georgia’s Virtual Zone status can make your IT business tax-free for foreign-sourced income.
Step 6: Real Estate and Expanding Your Business
Many businesses choose to set up in Tbilisi or Batumi, two of Georgia’s most thriving cities. Whether you want to buy property for your business or simply rent office space, the real estate market in Georgia is affordable compared to other European destinations.
Batumi is ideal for real estate investments, offering a growing market for properties near the Black Sea.
Tbilisi, the capital, is a tech hub, attracting entrepreneurs, freelancers, and digital nomads.
Step 7: Apply for Business Visas and Residency
If you plan to stay in Georgia long-term, you’ll need to apply for a business visa or residency. Entrepreneurs can benefit from tax residency if they spend more than 183 days per year in Georgia.
Business visas are available for entrepreneurs wanting to establish a long-term presence.
Residency by investment is also an option for those who want to live and operate their business in Georgia.
Conclusion: Why Georgia Is the Right Place to Start Your Business
In 2025, registering a business in Georgia is not only straightforward, but it’s also cost-effective and tax-friendly. Whether you're setting up an LLC, taking advantage of Virtual Zone benefits for crypto payroll, or expanding into real estate, Georgia offers a competitive environment for entrepreneurs and investors.
With a fast registration process, low taxes, and a crypto-friendly environment, Georgia stands out as an ideal place to start your business and scale globally. Ready to get started?
Book a free consultation with Gegidze today, and let us help you set up your business in Georgia with ease and compliance.
And, if you want to get your business up and running even faster, don’t miss our 7-Day Business Registration Guide.
Frequently Asked Questions (FAQ)
How do I register an LLC in Georgia?
To register an LLC in Georgia, you must choose a business name, appoint a registered agent, submit Articles of Organization, and obtain a Taxpayer Identification Number (TIN). The registration process typically takes 1–2 business days and can be done online through the National Agency of Public Registry (NAPR).
What are the tax benefits of registering a business in Georgia?
Georgia offers low taxes for businesses, including a 15% corporate tax rate and 1% payroll tax for small businesses. Companies in the Virtual Zone can benefit from 0% tax on foreign-sourced income, making Georgia a tax-friendly option for startups, crypto companies, and international businesses.
Can foreign entrepreneurs register a business in Georgia?
Yes! Foreign entrepreneurs can 100% own their businesses in Georgia, without needing a local partner. The registration process is simple, with businesses set up in 1–2 business days, and foreigners are eligible for Georgian business visas and residency programs.
How long does it take to open a business bank account in Georgia?
Opening a business bank account in Georgia is quick and can be completed remotely in 3–5 business days. Most Georgian banks offer multi-currency accounts and low fees, making it convenient for international transactions.
Is Georgia a good place for crypto businesses?
Absolutely! Georgia is one of the most crypto-friendly countries globally, with no capital gains tax for crypto trading. Additionally, businesses in the Virtual Zone can benefit from tax exemptions, and crypto payroll can be structured at 1% or 5%.
