Registering a company in in free industrial zones in Georgia

This article will be useful for entrepreneurs considering the possibility of registering a company in Georgia and opening a Georgian bank corporate account.

The reason why so many entrepreneurs are interested in conducting business is that jurisdiction enjoys strong trade relations with the European Union.

For more information and individual advice on legal address registration in Georgian FIZ or account opening, please contact YB Case. Also, we can provide you with assistance in obtaining a Forex license in Georgia, or banking trade and licenses.

Key Advantages

Those, who are interested in setting up a company in Georgia remotely, should pay attention to the following advantages of the jurisdiction:

If you want to open an account for a Georgian company, you should keep in mind that, Georgia is ranked 7th in the world for ease of doing business. Also, it is ranked 2nd in terms of ease of starting a business, 5th in terms of ease of registering property and 14th in terms of investor-friendly taxation. Flexible taxation and multiple benefits of doing business are the main reasons why a lot of businessmen seek to open a company in a FIZ in Georgia.

Important

An FIZ is a zone with business-friendly rules and flixible tax regimes. Free zones provide leasing companies with an environment that enables them to successfully compete in global markets.

Those, who decide to register a FIZ company in Georgia, can make payments in any currency.

Please note that:

If you have any further questions or looking for qualified advice on obtaining a license in Georgia, please do not hesitate to contact YB Case specialists.

Tax rates

Registering a company in a free industrial zone of Georgia and obtaining a trade license in Georgia provides one with the following benefits:

Taxes that foreign founders pay on the repatriation of interest, dividends and royalties also apply to those, of them that open a business in a FIZ in Georgia.

How to open a Georgian company remotely

Those planning to register a FIZ company in Georgia, should keep in mind that the country has four free industrial zones:

• A number of other FIZs are under planning or construction.
• For advice on business organization process in the FIZ of Georgia and obtaining a license in Georgia, please consider contacting YB Case experts. Also, we can provide you with legal assistance in opening a multi-currency account with a Bank of Georgia.