Limited Partnership in Georgia — E-commerce Formation Guide
Choose a jurisdiction with strong payment gateway support (like Stripe or PayPal) and clear VAT/Sales Tax thresholds. Consider a US LLC for global reach or a UK/Estonian company for European market access.
Last verified: June 13, 2026
Corporate Tax
15.0%
State Tax
0.0%
Formation Cost
$38
Annual Fee
$0
Forming a Limited Partnership in Georgia as a E-commerce means a total tax burden of 15.0% and an official formation cost of $38. There is no minimum capital requirement. Standard formation takes 1-2 business days, or Same day expedited. No local director is required; the process can be managed remotely. This guide covers the steps, tax breakdown, banking options, and compliance requirements — all from verified data.
First-year total cost
≈ $2,088
Ongoing (per year)
≈ $1,400
Why Limited Partnership for E-commerce?
Selling physical or digital goods online directly to consumers or businesses. E-commerce businesses require robust payment gateways, favorable VAT/Sales Tax regimes, and efficient customs handling.
Ideal for
- Dropshippers
- Amazon FBA Sellers
- Direct-to-Consumer (DTC) Brands
- Print-on-Demand Creators
Challenges to watch
- Managing cross-border VAT and sales tax compliance
- High shipping and fulfillment costs
- Payment gateway restrictions in certain countries
- Inventory management and customs duties
Key decision criteria
- Access to global payment processors (Stripe, PayPal, Shopify Payments)
- Import/export regulations and customs duties
- Corporate tax rates and dividend withholding taxes
- Distance selling regulations and consumer protection laws
Limited Partnership formation requirements
Minimum capital
None
Standard timeline
1-2 business days
Expedited timeline
Same day
Local director
Not required
Registered office
Virtual office allowed
Notarization
Required
Foreign citizens can act as general partners and manage the LP without needing a local resident director.
Estimated breakdown (based on avg. $150,000 revenue)
Simulate with your own revenue →
VAT / Sales Tax
Standard rate 18%. Registration threshold: 100,000 GEL. Non-resident providers of digital services to Georgian consumers (B2C) must register and charge 18% VAT. B2B services are generally subject to the reverse charge mechanism.
Banking & payments for E-commerce
Opening a business bank account in Georgia is relatively straightforward for non-residents, though compliance (KYC/AML) has tightened in recent years. Major banks like Bank of Georgia and TBC Bank generally require an in-person visit by the founder, but remote opening via Power of Attorney is possible with some institutions.
Supported payment gateways
Remote-friendly accounts
Paysera
A European fintech with a licensed branch in Georgia, offering remote-friendly multi-currency accounts and SEPA transfers.
Georgia incentives & advantages
Virtual Zone Person (VZP)
0% Corporate Income Tax and 0% VAT on export revenues.
International Company Status (ICS)
Reduced Corporate Tax (5%), Personal Income Tax (5%), and 0% dividend tax.
Free Industrial Zone (FIZ)
0% Corporate Tax, 0% VAT, 0% Property Tax, and 0% Import/Export duties.
Limited Partnership formation steps
Draft and notarize a Power of Attorney (PoA) in your home country if registering remotely.
Apostille or legalize the PoA and passport copies of all partners.
Draft the Partnership Agreement (Charter) defining general and limited partners, capital contributions, and profit distribution.
Secure a legal registered address in Georgia (often provided by a local agency or virtual office).
Submit the application and translated documents to the National Agency of Public Registry (NAPR) in Georgia.
Pay the state registration fee (standard or expedited processing).
Receive the electronic Certificate of Registration and extract from the registry.
Register the partnership with the Revenue Service of Georgia to obtain a tax identification number and access the tax portal.
Apply for a corporate bank account at a Georgian bank (e.g., Bank of Georgia, TBC) or a digital fintech platform.
E-commerce FAQ
Which country is best for incorporating an e-commerce company?
The US (Wyoming or Delaware LLC) is popular for global payment gateway access and low maintenance. For the EU market, Estonia (OÜ) or the UK (LTD) are excellent choices due to ease of remote management and straightforward VAT registration.
Do I need to pay VAT or Sales Tax if I sell internationally?
Yes, depending on your customers' location and your sales volume. The EU has the OSS (One Stop Shop) scheme for cross-border sales, while the US has economic nexus laws that require sales tax collection once specific state thresholds are met.
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