Limited Partnership in Georgia — Travel & Tourism Agency Formation Guide
Choose a jurisdiction with favorable VAT rules for tour operators (like the EU's TOMS) and easy access to multi-currency merchant accounts to handle international bookings.
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 Travel & Tourism Agency 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 Travel & Tourism Agency?
A business model focused on organizing, booking, and selling travel, accommodation, and tour packages to individuals or groups. Requires robust payment processing and often specific local licensing.
Ideal for
- Tour operators
- Boutique travel planners
- Corporate travel managers
- Online travel agencies (OTAs)
Challenges to watch
- Strict local licensing and bonding requirements
- High chargeback risks in payment processing
- Complex cross-border VAT and tax compliance
- Seasonal revenue fluctuations
Key decision criteria
- Does the jurisdiction require a specific travel agency license?
- Can you easily open a merchant account that accepts high-volume, high-ticket international payments?
- What are the consumer protection and liability laws?
- How does the jurisdiction tax international travel packages?
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. $250,000 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 Travel & Tourism Agency
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.
Travel & Tourism Agency FAQ
Do I need a special license to start an online travel agency?
In most jurisdictions, yes. Countries often require travel agencies to hold specific licenses, post financial bonds, or join consumer protection schemes to legally sell travel packages.
Which country is best for incorporating a travel agency?
It depends on your target market. If targeting EU customers, incorporating in an EU country like Estonia or Cyprus is beneficial for regulatory alignment. For global, low-regulation setups, some founders choose US LLCs, though payment gateways may still require proof of local compliance.
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