FChain Tbilisi Updated its Page on Registration of Companies and Entrepreneurs - FChain

Before starting to run business and establishing a company a person first of all has to register it and then launch it. One of the most important points is to choose the right business, the right country, the right business type and the right staff. Registration of companies in some countries takes too much time, too many procedures.  And all people are trying to establish a company in the country with favorable business climate. What is business climate? It is the attitude of the government towards business, as well as financial and economic stability, tax system and so on. Should there be financial and economic stability, favorable tax system and good business opportunities, a person will try to do business in such a country without wasting time and energy for unwanted and unneeded work and barriers.

Georgia is one of the most business friendly countries in the world. In accordance with the Doing Business Report of 2020 the country ranks the second in ease of registration, New Zealand being the first.  Registration of business in Georgia takes a day, as the number of required documents is very few, procedures are not complicated.

The tax system is very favorable ranging between 0 to 20%. Companies functioning in Free Zones are fully exempt from taxes. The following businesses are given advantages: IT-5% tax, small businesses -1% tax, sea shipping-5% tax.  And a regular limited liability company are exempt from taxes on corporate income unless distributing dividends.

The company ownership has no restriction. Enterprises can be owned by Georgian citizens or foreign nationals, as well as by both of them, i.e. simultaneously. The number of directors is not limited, a few people are entitled to be directors.

The requirements for company capital are very attractive, as an enterprise may be established with “0” capital.

Registration of a company a person needs a few easy procedures:

• choosing a name for your company,
• providing a legal address for the company,
• paying the registration fee (from GEL 10 to GEL 100) ,
• opening an account in any Georgian Bank ,
• registration of the company with the Entrepreneurial Register,
• obtaining an identification number and a certificate of state,
• tax registration.

 

As well as, companies need to present the Charter to the National Agency for registration. The foreign firms outside Georgia must have the documents translated, notarized, legalized and apostillized. According to the new Order No.419 on the Approval of Instruction on State and/or Tax Registration of Taxpayers and branches dated May 8, 2008, a company will be registered the day of filing the documents (before it was 3 days upon filing the documents).

The process of registration is easy, but companies do not need waste their time for preparation and filing the documents. It can be executed by professionals continuously doing this work without any difficulty and easily.

Financial Chain Corporation Tbilisi branch has long years of experience in rendering services to companies and entrepreneurs. The professional staff guarantee to undertake obligations in realizing the work of their clients timely, in a proper manner and with the best results.

FChain Tbilisi has updated the page of the branch adding the prices for registration of companies which lets everybody be aware of the prices depending of the type of the business registration.

The office has listed 4 options of company registration including  the prices:

• registration of Individual Entrepreneurs, shareholder (physical persons) who is in Georgia and attends the registration in Person – 350 USD;
• registration of LLC ,shareholders (physical persons) and directors (physical persons) who are in Georgia  and attend the registration in Person – 530 USD;
• registration of LLC, shareholders (physical persons) and directors (physical persons) who are not in Georgia and the process is based on POA – 900 USD;
• registration of LLC or Branch of a foreign company, shareholders (legal entities) and director who are not in Georgia and the process is based on POA – 1300 USD.

While starting business everything people need first is money, then some other factors, because it is impossible to run business without money.  These are prices for the registration services. Would you like to know which services are included to the above-mentioned prices, then do not hesitate and apply the following link for detailed information:  https://ge.f-chain.com/en/entrepreneurs-registration/

The professional staff of the Tbilisi branch will start and complete registration of your company preparing and filing all required documents, thus giving you a chance to start your business quicker, easier and without wasting time. The qualified lawyers will choose the most optimal taxation scheme, register the company’s activities with the relevant authorities, let you know about the results of each procedure, open a bank account and all other required steps.

“Ideas are easy. Implementation is hard”- Guy Kawasaki, ALLTOP Co-founder.

So, let FChain Tbilisi implement your idea of company registration and start your business quicker, easier and successfully.