Georgia

Company registration in Georgia

Company registration in Georgia for Iranians: types, steps, tax and the key 2026 points on work permits and bank accounts.

2 min read Updated

Contents
  1. Business types
  2. Steps
  3. The company and residence
  4. Frequently asked questions

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

TypeTaxBest for
Limited liability company (LLC)15% on distributed profit; 5% on dividendsMost businesses
Individual entrepreneur with small business status1% 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 taxIT and maritime companies with real staff

Steps

  1. Choose a name, a legal address (with the owner's consent) and a director
  2. Register at the Public Service Hall; 1 working day (GEL 100) or same day (GEL 200)
  3. Register with the tax office and, if needed, for VAT (turnover over GEL 100,000)
  4. Open the company bank account
  5. 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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