Successful Case Study of Georgia Company Setup

Successful Case Study of Georgia Company Setup

A trading and investing company from the Middle East sought to expand its operations to Georgia by establishing an offshore company. Recognizing the complexities involved, they approached Tetra Consultants for expert assistance. Our team guided them through the entire process, ensuring a smooth incorporation in Georgia. Beyond helping to register company in Georgia, Tetra Consultants provided a range of essential business services. We also offered ongoing support with tax planning, accounting, and legal advisory services. With our comprehensive assistance, the Middle Eastern company successfully established its offshore entity, positioning itself for growth and new opportunities in the Georgian market. 

Initially, Tetra Consultants began by determining the appropriate business structure for the client’s expansion, deciding on an offshore company. To set up the company, we adhered to several key requirements. Our experts ensured that the company had a minimum of one director, regardless of residency or nationality. We also facilitated the inclusion of at least one shareholder, with no restrictions on residency or nationality.  

Additionally, Tetra Consultants secured a registered office in Georgia, a necessary step for legal compliance. Furthermore, we arranged for a physical office in Georgia to handle communication and official notices. Through meticulous attention to these requirements, we ensured a seamless process for the clients offshore company incorporation in Georgia. 

Further, Tetra Consultants began the process by assisting the client in filling out an application form with their company details, which included selecting a trade name and providing personal information for shareholders and directors. We then compiled and submitted all required documentation to ensure compliance with Georgian regulations. This documentation included certified passport copies of the shareholders, proof of address for shareholders issued within the last three months, and notarized bank reference letters. Additionally, we provided CVs of the shareholders and directors, proposed business trade names, a notarized power of attorney, and proof of paid-up capital. 

Our team meticulously prepared and reviewed these documents to meet the stringent requirements set by the National Agency of the Public Register in Georgia. By submitting the comprehensive application and necessary documents, Tetra Consultants successfully completed the incorporation process for the offshore company. Our thorough approach ensured that the client’s new entity was fully compliant with local laws, enabling them to focus on expanding their trading and investing operations in the Georgian market. 

After incorporating the offshore company, our experts at Tetra Consultants proceeded with corporate bank account opening. We authorized a local representative to act on behalf of the trading and investing company to open a bank account in South State Bank and Bluevine. We facilitated the entire process, ensuring that the company could open a bank account within 4 weeks of incorporation. Our team assisted with selecting a suitable bank, preparing the required documentation, and coordinating with bank representatives to streamline the process. 

Thus, Tetra Consultants successfully provided our client with the incorporation of an offshore company in Georgia within just 5 days. Following this, we facilitated the opening of a corporate bank account, completing the process within 4 weeks. Overall, Tetra Consultants efficiently delivered a fully operational offshore company in a total of 5 weeks. Our comprehensive services, from selecting the business structure and fulfilling legal requirements to securing a bank account, ensured a seamless and swift setup. This enabled the client to expand their trading and investing operations into the Georgian market with a solid legal and financial foundation. 

Contact us to know more about how you can register company in Georgia and our team will revert back in 24 hours.