Georgia Company Incorporation: Process

How to incorporate company in Georgia?

Before you choose to incorporate company in Georgia, Tetra Consultants advises you to read through this guide to fully understand the steps required for successful incorporation.

Simply put, we can break down each engagement into four different phases:

1. Planning & strategy
2. Incorporation
3. Bank account opening
4. Staying compliant

As a summary, you can expect to own a Georgia company and corporate bank account within 5 week.

If required, Tetra Consultants will assist with securing Georgia financial licenses.

Strategy & planning

• Tetra Consultants will recommend the most suitable business entity depending on your business goals and activities. Before the start of the engagement, Tetra Consultants will advise on the optimum paid up share capital, regulatory requirements, corporate tax rates and suitable banks to open a bank account with.
• Tetra Consultants reserves your preferred company name with the Georgia Corporations Division. Prior to company registration, you will be provided a local registered office address and company secretary to meet the mandatory requirements.
• Tetra Consultants will serve as the contact person between Georgian authorities and you. You will be appointed as the directors and shareholders of this newly-established company.

Incorporation

• After our legal team has drafted the incorporation documents, Tetra Consultants will submit the same to the Georgia Corporations Division. Some of these documents include articles of association, business plan  and shareholding structure.
• These documents will be drafted in both Georgian and English to ensure no miscommunication between you and the local authorities. You will not be required to travel throughout the whole incorporation process.
• On average, company incorporation will be approved within 5 business days. Once the company is incorporated, Tetra Consultants will send the Certificate of Incorporation, Memorandum & Articles of Association and other corporate documents to your preferred address.

Bank account opening

• Our banking team will secure a corporate bank account with either a local Georgia bank or a reputable international bank outside of Georgia. This ultimately depends on your long term business goals and purpose of transactions.
• Tetra Consultants will advise you on the different requirements and tax obligations of each bank and jurisdiction.
• Georgian banks may require your to travel to Georgia for a face-to-face interview. If required, Tetra Consultants will request for the interview to take place using video conference call instead. In the event this is a mandatory requirement, Tetra Consultants banking team will accompany you to the bank meeting in Georgia to facilitate communication.
• On average, the corporate bank account will be opened within 4 weeks.
• Tetra Consultants will courier the internet banking token and access codes to your preferred address. See this webpage to find out more about corporate bank account opening for Georgia companies.

Staying Compliant

• You can be confident you are in the best hands when Tetra Consultants undertakes your Georgia company’s accounting and tax services.
• Tetra Consultants will timely prepare your firm’s financial statements, corporate tax returns and bookkeeping on your behalf. 
• Tetra Consultants will complete all annual filings and tax returns for your company before the stipulated deadlines set out by the government. 
• If you are looking to secure financial licenses in Georgia, Tetra Consultants will project manage the license application from start to end. Our team of experts will assist you to meet all requirements before submitting a quality application to the National Bank of Georgia
• On average, Georgia Forex license application is approved within 2 months upon submission.

Contact us to find out more about how to incorporate company in Georgia. Our team of experts will revert within the next 24 hours.

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