Copyright © 2013 - 2018. Tai Pan Management Services Ltd., Company Service Provider Licence No. TC004077
Registered in Hong Kong. No 1942748
Tai Pan Management Services
Company formation generally takes 2 or 3 days from receipt in Georgia of all required information.
Georgia is NOT a signatory to AEOI (CRS). This means that there is no automatic exchange of information with any other country.
A free zone LLC needs a minimum of one director and one shareholder. It is acceptable to form a single member company i.e. one shareholder. Shareholders can be natural persons or corporate entities.
There are no minimum paid up share capital requirements and therefore no “deposit” of share capital needs to be “shown” to the registrar prior to incorporation.
There are no taxes levied on companies based in one of the Free Zones, provided that all business is conducted outside Georgia.
As in all jurisdictions, accounts do need to be prepared and presented to shareholders. They do NOT need to be filed with any Government Authority.
No audit is required for Free Zone companies.
The VAT rate in Georgia is 18% but only applies to companies trading within Georgia. Exports (whether goods or services) are exempt from VAT.
Any Free Zone company operating on an export only basis is not required to register for VAT.
Georgia has a number of double tax treaties in force with major trading partners and therefore Georgia companies can be used as part of a tax efficient international structure.
We offer a Free Zone company with a local Georgia Bank account (subject to meeting the bank’s criteria), and our costs for this are included in our fees. As Georgia is not part of the CRS scheme, we would recommend that clients maintain accounts in Georgia.
We also have links with a number of banks internationally, and can assist you with the opening and maintaining of bank accounts in a choice of locations. Please note that banks outside Georgia will generally require a complete set of Apostilled company documents for which there is a cost of US$ 500.
Incorporation costs including a bank account in Georgia US$ 5,250
Plus a Licence* fee from US$ 4,000 to US$ 8,000
*The licence fee will depend on the company’s activities.
Total cost from US$ 9,250
Georgia is an independent country in the Caucasus south of Russia on the Eastern Black Sea coast. It has a population of some 3.7 million.
It is a signatory to the EU DCFTA (Free trade agreement) and is an EU associate member
Georgia does NOT exchange information via the AEOI (CRS) with other countries and has not committed to do so.
Corporation tax 0% (Free-zone)
DCFTA signatory with the EU and therefore suitable for open trading with other EU states.
NOT a signatory to AEOI* (CRS)**
* The Automatic Exchange of (Tax) Information
** Common Reporting Standard