A limited liability company (LLC) can be registered in Georgia in 1 working day for GEL 100 at the Public Service Hall, with 100% foreign ownership allowed. Corporate tax is 15% only on distributed profit (the Estonian model). But since 1 March 2026 you also need a work permit to work in your own company, and opening a bank account has become strict for Iranians.
Business types
| Type | Tax | Best for |
|---|---|---|
| Limited liability company (LLC) | 15% on distributed profit; 5% on dividends | Most businesses |
| Individual entrepreneur with small business status | 1% of turnover up to GEL 500,000 (3% above) | Small services and trade (some professions excluded) |
| International Company Status (ICS) | 5% profit, 0% dividends, 5% payroll tax | IT and maritime companies with real staff |
Steps
- Choose a name, a legal address (with the owner's consent) and a director
- Register at the Public Service Hall; 1 working day (GEL 100) or same day (GEL 200)
- Register with the tax office and, if needed, for VAT (turnover over GEL 100,000)
- Open the company bank account
- Get work permits for the foreign director or employees
The company and residence
Registering a company does not give residence by itself. For work residence through your own company, the company needs turnover of at least GEL 50,000 a year per foreigner (or, for a new business, a business plan), and you need a work permit. Work permits
Frequently asked questions
How long does company registration in Georgia take?
1 working day for GEL 100 or the same day for GEL 200, once documents and a legal address are ready.
What is the corporate tax rate in Georgia?
15% only on distributed profit; profit kept in the company is not taxed. Dividends carry a 5% withholding tax.
Does registering a company in Georgia give me residence?
Not directly; you need a work permit and work residence, which have turnover conditions.
Position as of October 2026. Imperial handles company registration, accounting and banking services in Tbilisi.
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