Georgia
9 company types available — choose the structure that fits your business.
Last verified: June 13, 2026
Why Incorporate in Georgia?
Georgia has rapidly emerged as a premier destination for digital nomads, IT professionals, and international entrepreneurs. Situated at the strategic crossroads of Europe and Asia, it offers a highly favorable tax regime, minimal bureaucracy, and a low cost of living. The country's pro-business environment is designed to attract foreign investment, making company formation straightforward and accessible to non-residents.
The Legal and Tax Landscape
The Georgian tax system is famously modeled after Estonia's, meaning there is a 0% corporate tax on retained earnings. Businesses only pay a 15% tax when profits are distributed as dividends. Furthermore, the country offers highly attractive special tax statuses:
- Virtual Zone Company: Designed for IT companies exporting software, offering a 0% corporate tax rate and VAT exemptions on foreign B2B sales.
- Small Business Status: Ideal for Individual Entrepreneurs, allowing freelancers to pay a flat 1% tax on annual revenues up to 500,000 GEL.
- International Company Status: Offers a flat 5% corporate tax and 5% personal income tax for qualifying IT and shipping companies with local substance.
Banking and Remote Formation
Company formation in Georgia is incredibly fast, often taking just a few business days. It can be completed entirely remotely via a notarized and apostilled Power of Attorney (PoA). While registering the legal entity is simple, opening a corporate bank account remotely has become stricter due to global compliance standards. Local banks like TBC and Bank of Georgia offer excellent multi-currency accounts and modern banking apps, but they increasingly require proof of local substance, active contracts, and sometimes a physical visit to approve corporate accounts.
Who is it for?
Georgia is an exceptional jurisdiction for a variety of modern business models. It is particularly well-suited for:
- Freelancers and solopreneurs seeking the 1% Small Business tax rate to maximize their take-home pay.
- IT companies, software development agencies, and tech startups looking to leverage the Virtual Zone or International Company statuses.
- E-commerce and service-based businesses wanting to reinvest their profits tax-free to fuel rapid growth.
Why incorporate in Georgia?
- 0% corporate tax on retained and reinvested earnings (Estonian model).
- 1% flat tax rate for Individual Entrepreneurs with Small Business Status (up to 500,000 GEL revenue).
- Virtual Zone and International Company statuses offer massive tax exemptions for IT and shipping businesses.
- Fast and fully remote company formation process using a Power of Attorney.
- Low cost of living and affordable operational costs for startups.
- Strategic location with access to European and Asian markets, plus a liberal visa policy allowing 1-year visa-free stays for many nationalities.
Key facts
- Capital
- Tbilisi
- Population
- 3.8 million
- Currency
- Georgian Lari (GEL)
- GDP per capita
- $11,574
- Corporate tax
- 15% standard rate, but 0% on retained earnings. Special 0%-5% rates for IT zones.
- EU member
- No
- OECD member
- No
- FATF member
- No
Economy & ecosystem
- Startup ecosystem rank
- #66
- Global innovation rank
- #65
- Internet speed
- 56 Mbps
- Cost of living index
- 23
- English proficiency
- Moderate
Notable industries
Choose your entity type
Different structures have different tax, liability, and compliance rules. Compare them below.
Limited Liability Company (LLC)
- Tax
- 15.0%
- From
- $37
Individual Entrepreneur
- Tax
- 1.0%
- From
- $10
Virtual Zone Company
- Tax
- 0.0%
- From
- $40
LLC (International Company)
- Tax
- 5.0%
- From
- $74
Joint Stock Company (JSC)
- Tax
- 15.0%
- From
- $135
Branch Office
- Tax
- 15.0%
- From
- $75
Joint Liability Company
- Tax
- 15.0%
- From
- $40
Limited Partnership
- Tax
- 15.0%
- From
- $38
Cooperative
- Tax
- 15.0%
- From
- $37
Frequently asked questions
Can I form a company in Georgia remotely?
Yes, you can register a Georgian LLC or Individual Entrepreneurship entirely remotely using a notarized and apostilled Power of Attorney (PoA).
How does the 0% corporate tax work?
Georgia uses the Estonian tax model. Corporate income tax is 0% as long as profits are kept within the company or reinvested. A 15% tax is only applied when profits are distributed as dividends.
What is the Small Business Status for Individual Entrepreneurs?
It is a special tax regime where freelancers and solopreneurs pay a flat 1% tax on their gross annual turnover up to 500,000 GEL (approx. $185,000 USD).
What is a Virtual Zone Company?
It is a special status for IT companies that produce software and export it outside of Georgia. These companies are exempt from corporate income tax and VAT on their foreign B2B sales.
Is it easy to open a corporate bank account in Georgia?
While company formation is easy, opening a corporate bank account has become stricter for non-residents. Banks require proof of substance, contracts, and a clear business model. It often requires a physical visit.
Do I need to live in Georgia to keep my company active?
No, there are no residency requirements to own or operate a Georgian company. However, having local substance can help with banking and international tax compliance.
What are the accounting requirements?
All Georgian companies must maintain proper accounting records and submit monthly tax declarations (such as VAT, income tax, and pension contributions if applicable) to the Revenue Service.
Does Georgia have a digital nomad visa?
Georgia allows citizens of over 90 countries to enter and stay visa-free for up to 365 days, making a specific digital nomad visa unnecessary for most nationalities.