Frequently Asked QuestionsQuestions About Company Formation and Bank Account Opening in Georgia
Here you will find answers about eligibility requirements, necessary documents, processing times, taxes and bank accounts. Can’t find your question? We would be happy to advise you personally.
How long does company formation in Georgia take?
Once all complete and correctly prepared original documents have been received, registration usually takes between three and five working days. Delays caused by public authorities, translations or incomplete documents may occur.
Do I Need to Travel to Georgia to Establish a Company?
Company formation can generally be completed remotely using an appropriate power of attorney. However, your physical presence may be required for certain banking services or additional verification procedures.
Which Documents Do I Need?
We generally require certified passport copies and powers of attorney bearing an apostille. The exact documents required depend on the chosen legal structure, your country of residence and the services requested.
Am I Personally Liable as a Sole Trader?
Yes. A Georgian sole proprietorship is not a separate legal entity with limited liability. The entrepreneur is generally personally liable. If liability protection is important, an LLC may be the more suitable legal structure.
Can People from Any Country Establish a Company?
Foreign nationals can generally establish a company in Georgia. However, restrictions may arise from sanctions, anti-money laundering regulations, banking policies or individual compliance checks.
Can I Choose Any Name for My Company?
You may provide your preferred company name. Before registration, we check its availability and any potential conflicts with existing registered names. The final decision rests with the competent registration authority.
When Can I Start Using My Company?
Following successful registration, you will receive your official company documents and identification number. From that point onwards, the company may generally commence business activities. Depending on the nature of the business, additional registrations or permits may be required.
Are Notary, Apostille and Shipping Costs Included?
This depends on the selected service package. External costs for notaries, apostilles, translations, shipping, public authorities or banks will be clearly stated in the quotation unless they are expressly included in the package.
Can I Open a Business or Personal Bank Account?
StartKap assists you with preparing and submitting an application for a Georgian business or personal bank account. However, the account will only be opened following the respective bank’s review and approval.
Any Further Questions?
Beschreiben Sie uns kurz Ihr Vorhaben. Wir prüfen Ihre Anfrage und erläutern Ihnen die nächsten Schritte.Register quickly and easilyIt’s that easy:
You must prepare and provide these documents.
Please prepare these documents:
- Certified copy of passport
- Power of attorney completed (You will receive the power of attorney from us by email after successful registration)
- Send all documents to us in advance by email for preliminary review
- After the preliminary review, we require your original documents by mail. (DHL or UPS delivery preferred)
This means that all necessary steps have been taken.
