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  • Writer's pictureAI Law

Company Registration

Updated: Oct 28, 2023

📌 INTRODUCTION


To thrive in the dynamic business landscape of Georgia, it is not just a preference but an absolute necessity to register a commercial entity. Unless you intend to operate as an Individual Entrepreneur, embracing the company structure emerges as the most viable and advantageous option. Georgia offers a diverse range of five officially recognized company types, namely:

  1. General Partnership [GP]

  2. Limited Partnership [LP]

  3. Limited Liability Company [LLC]

  4. Joint-Stock Company [JSC]

  5. Cooperative.

Each of these forms exhibits distinctive attributes, intricacies, and legal frameworks that demand careful consideration to ensure the perfect fit for your specific enterprise. Given the pivotal role that the chosen company form plays, making an informed decision becomes paramount. Your selection should align with your business objectives, risk tolerance, managerial preferences, and long-term vision. At our esteemed consultancy, we boast an extensive track record of assisting countless clients in navigating the intricate process of setting up their businesses in Georgia. At AI Law we possess deep industry knowledge and a keen understanding of the local regulations, enabling us to offer tailored advice and meticulous guidance throughout your entrepreneurial journey.


Rest assured, we are dedicated to empowering you with the insights and expertise necessary to establish a solid foundation and achieve sustained success in the vibrant business ecosystem of Georgia.


📌 What’s Included?


Our distinguished range of comprehensive legal services has been meticulously crafted to align with your objectives and guide you adeptly through the intricacies of the multifaceted legal landscape. We possess a deep understanding of our clients' aspirations and strive unwaveringly to assist them in realizing their desired outcomes. Our distinguished suite of services encompasses the following:

  • Expert counsel in determining the most appropriate company form tailored to your specific needs.

  • Preparation of a carefully drafted company charter, ensuring adherence to legal requirements and establishing a robust foundation for your enterprise.

  • Thorough preparation of shareholder's agreements, addressing the rights, responsibilities, and obligations of all involved parties.

  • Preparation and compilation of all requisite documentation, guaranteeing compliance with statutory obligations and facilitating a seamless registration process.

  • Diligent submission of the application to the Registry, ensuring adherence to procedural requirements and expediting the establishment of your business.

  • Assisting in the setup of a www.my.gov.ge account, providing you with streamlined access to essential government services and resources.

  • Furnishing the esteemed client with an English registration certificate, serving as tangible evidence of your business's legal establishment, and facilitating interactions on an international scale.

At AI Law, we are committed to providing an elevated level of professionalism and proficiency, as we assist you in realizing your objectives and navigating the intricacies of the legal framework. With a steadfast dedication to excellence, we stand ready to provide you with unparalleled support and guidance throughout your entrepreneurial journey.


📌 Price & Timeline


The process of registering a company in Georgia is distinguished by its exceptional efficiency and cost-effectiveness. In essence, there are three categories of expenses involved in this undertaking: (1) legal fees, encompassing our professional services, (2) the state commission levied by the Registry, and (3) incidental expenses such as translation & notarization costs.


Our legal fees for conducting in-person registrations stand at a competitive rate of 300 GEL. Alternatively, for remote registrations facilitated via Power of Attorney, our legal fees amount to 749 USD.


The state commission imposed by the Registry varies based on the specific services selected, with standard or accelerated options available, ranging from 200 to 400 GEL. It is important to note that these fees are subject to periodic revisions. For comprehensive and up-to-date information regarding these charges, we encourage you to visit the official website of the Registry at: https://psh.gov.ge/main/page/2/86.


Related costs refer to the expenditures incurred by the client in preparation for the company registration process. Primarily, these expenses encompass document preparation, translation, and notarization costs. Typically, the price of translation services per page falls within the range of 15-25 GEL. The fees for notarization, contingent upon the type and quantity of documents, generally do not exceed 200 GEL.


Company registration happens in 1 or 2 days.


With utmost commitment to transparency and meticulous attention to detail, we ensure that our clients are equipped with a comprehensive understanding of the costs associated with company registration in Georgia. By providing a streamlined and cost-effective approach, we endeavour to facilitate your entrepreneurial ambitions in the most efficient manner possible.

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