In the recent years, Georgia is rising up to be the most competitive market in the region. With numerous incentives to the startups for the development of the business environment, the country is striving hard to reach the top position and widen its outreach in the market. Local and foreign investors wanting to set up a company in Georgia must also know about the provision of double-taxation treaties signed in the country. Currently, Georgia has 54 treaties for the avoidance of double-taxation which can be an added advantage while incorporating a company.
When it comes to an already established foreign business, an investor can always choose to enter Georgia by forming a branch office in the country. It can be helpful in expanding an already established business. The Georgian branch office business activities are limited to the scope of operations defined by the parent company. Such entity must also appoint a branch representative residing in Georgia in order to oversee the branch operations in Georgia.
Branch office in Georgia is a sub-unit and is not separate from the Georgian legal entity. It also means that the parent company is liable for the debts and obligations of the Georgian branch. And since the branch office is not a separate legal entity, the incorporation procedure will generally be short and less expensive than any other business entities. The steps for branch office registration are as follows:
The registration fees for different types of entities are as follows:
|TYPE OF ENTITY||FEE|
|Branch office of a Joint Stock Company||180 GEL|
|Branch office of an LLC||80 GEL|
|Branch office of a JLC||30 GEL|
|Branch office of a Limited Partnership||40 GEL|
|Branch office of a Corporation||60 GEL|
Please note that documents issued, samples of the signatures needed, should be notarized and legalized/ or apostilled in the founder’s country, translated and notarized in Georgia.
If you are interested in opening a branch office in Georgia, feel free to reach out to us help you in registering your company in a hassle-free way. We at Business Setup Worldwide will guide you through the process smoothly and in a cost-effective manner. Contact us today.