OpenAccountants/Georgia/Georgia Company Formation & Entity Choice

Georgia Company Formation & Entity Choice

Name: OpenAccountants MCP Server
Author: OpenAccountants

Source-cited draft: company formation & entity choice for Georgia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Applicable period 2025Source-cited draft· Last updated Jun 25, 2026

Authored by Gvantsa Amiridze

Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.

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Key figures — Georgia, 2025

Every figure is drawn from this Tax Guide and cited to its source.

Governing law and general framework

Companies in Georgia are governed by the Law of Georgia on Entrepreneurs and registered with the National Agency of Public Registry (NAPR) under the Ministry of Justice. The limited liability company (LLC / Shps) is by far the most common form and can be registered very quickly with no minimum capital.Law of Georgia on Entrepreneurs

Most common entity type

Limited Liability Company (LLC / Shps)Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/

Other entity types

Joint Stock Company (JSC), General Partnership, Limited Partnership, Cooperative, branch of a foreign company, and individual entrepreneurLaw of Georgia on Entrepreneurs

Minimum share capital — LLC

No statutory minimum (can be GEL 1)Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/

Minimum share capital — JSC

No fixed statutory minimum under the Entrepreneurs Law (approx — confirm)Law of Georgia on Entrepreneurs

Registration authority

National Agency of Public Registry (NAPR), Ministry of Justice of GeorgiaLaw of Georgia on the Public Registry — https://napr.gov.ge/en/

Incorporation timeline

Typically 1 business day (same-day registration available at the Public Service Hall) (approx — confirm)Law of Georgia on the Public Registry

Standard registration fee

GEL 100 for standard (next-day) registration; GEL 200 for same-day expedited registration (approx — confirm current state fee)Law of Georgia on the Public Registry

Core incorporation steps

Prepare and notarise charter/registration application, reserve company name, submit to NAPR (Public Service Hall), obtain extract from the Entrepreneurs Register, open a bank account, register as a taxpayer with the Revenue ServiceLaw of Georgia on Entrepreneurs

Tax registration / VAT registration threshold

A taxpayer identification number is assigned on registration with NAPR; separate VAT registration is required once the GEL 100,000 threshold is met (or voluntarily)Tax Code of Georgia

Core annual compliance

Monthly profit tax and VAT (if registered) returns, monthly payroll/pension reporting, and annual financial statement filing with SARAS for entities meeting size criteriaLaw of Georgia on Accounting, Reporting and Auditing

Accounting/reporting standards

IFRS or IFRS for SMEs depending on entity category; oversight by SARAS (Service for Accounting, Reporting and Auditing Supervision)Law of Georgia on Accounting, Reporting and Auditing

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The full Guide

Entity types, incorporation and annual compliance

Governing law and general framework — Companies in Georgia are governed by the Law of Georgia on Entrepreneurs and registered with the National Agency of Public Registry (NAPR) under the Ministry of Justice. The limited liability company (LLC / Shps) is by far the most common form and can be registered very quickly with no minimum capital. (Law of Georgia on Entrepreneurs)
Most common entity type — Limited Liability Company (LLC / Shps) (Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/)
Other entity types — Joint Stock Company (JSC), General Partnership, Limited Partnership, Cooperative, branch of a foreign company, and individual entrepreneur (Law of Georgia on Entrepreneurs)
Minimum share capital — LLC — No statutory minimum (can be GEL 1) GEL (Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/)
Minimum share capital — JSC — No fixed statutory minimum under the Entrepreneurs Law (approx — confirm) (Law of Georgia on Entrepreneurs)
Registration authority — National Agency of Public Registry (NAPR), Ministry of Justice of Georgia (Law of Georgia on the Public Registry — https://napr.gov.ge/en/)
Incorporation timeline — Typically 1 business day (same-day registration available at the Public Service Hall) (approx — confirm) (Law of Georgia on the Public Registry)
Standard registration fee — GEL 100 for standard (next-day) registration; GEL 200 for same-day expedited registration (approx — confirm current state fee) GEL (Law of Georgia on the Public Registry)
Core incorporation steps — Prepare and notarise charter/registration application, reserve company name, submit to NAPR (Public Service Hall), obtain extract from the Entrepreneurs Register, open a bank account, register as a taxpayer with the Revenue Service (Law of Georgia on Entrepreneurs)
Tax registration / VAT registration threshold — A taxpayer identification number is assigned on registration with NAPR; separate VAT registration is required once the GEL 100,000 threshold is met (or voluntarily) GEL (Tax Code of Georgia)
Core annual compliance — Monthly profit tax and VAT (if registered) returns, monthly payroll/pension reporting, and annual financial statement filing with SARAS for entities meeting size criteria (Law of Georgia on Accounting, Reporting and Auditing)
Accounting/reporting standards — IFRS or IFRS for SMEs depending on entity category; oversight by SARAS (Service for Accounting, Reporting and Auditing Supervision) (Law of Georgia on Accounting, Reporting and Auditing)

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Entity types, incorporation and annual compliance

Governing law and general framework — Companies in Georgia are governed by the Law of Georgia on Entrepreneurs and registered with the National Agency of Public Registry (NAPR) under the Ministry of Justice. The limited liability company (LLC / Shps) is by far the most common form and can be registered very quickly with no minimum capital. (Law of Georgia on Entrepreneurs)

Most common entity type — Limited Liability Company (LLC / Shps) (Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/)

Other entity types — Joint Stock Company (JSC), General Partnership, Limited Partnership, Cooperative, branch of a foreign company, and individual entrepreneur (Law of Georgia on Entrepreneurs)

Minimum share capital — LLC — No statutory minimum (can be GEL 1) GEL (Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/)

Minimum share capital — JSC — No fixed statutory minimum under the Entrepreneurs Law (approx — confirm) (Law of Georgia on Entrepreneurs)

Registration authority — National Agency of Public Registry (NAPR), Ministry of Justice of Georgia (Law of Georgia on the Public Registry — https://napr.gov.ge/en/)

Incorporation timeline — Typically 1 business day (same-day registration available at the Public Service Hall) (approx — confirm) (Law of Georgia on the Public Registry)

Standard registration fee — GEL 100 for standard (next-day) registration; GEL 200 for same-day expedited registration (approx — confirm current state fee) GEL (Law of Georgia on the Public Registry)

Core incorporation steps — Prepare and notarise charter/registration application, reserve company name, submit to NAPR (Public Service Hall), obtain extract from the Entrepreneurs Register, open a bank account, register as a taxpayer with the Revenue Service (Law of Georgia on Entrepreneurs)

Tax registration / VAT registration threshold — A taxpayer identification number is assigned on registration with NAPR; separate VAT registration is required once the GEL 100,000 threshold is met (or voluntarily) GEL (Tax Code of Georgia)

Core annual compliance — Monthly profit tax and VAT (if registered) returns, monthly payroll/pension reporting, and annual financial statement filing with SARAS for entities meeting size criteria (Law of Georgia on Accounting, Reporting and Auditing)

Accounting/reporting standards — IFRS or IFRS for SMEs depending on entity category; oversight by SARAS (Service for Accounting, Reporting and Auditing Supervision) (Law of Georgia on Accounting, Reporting and Auditing)