What's the costs to setup a company in Georgia?

Remy

Building Trust
Entrepreneur
No I was talking about a Virtual Zone Company(Virtual Zone companies dont have any taxes to pay if income is obtained from outside Georgia) . Freezone Companies have a lot of costs associated with it as per what I found in the net(for different licenses etc in Kutaisi,Tbilisi and one more area I forgot).Does this Tbilisi Virtual Office package include accounting, because I need a cheap accountant .
My yearly cost for my 2 normal Georgian companies don't include accounting, nor VAT registration as I don't need. I know Tbilisivirtualoffice can provide this service, but I haven't ask the price.
 

micand

New Member
950 EUR for company formation incl. Registered Office and 700 EUR for remote bank account opening. If formed in a free zone, 5,000 USD in the first year and 4,000 USD in the consecutive years as a license fee, directly payable to the freezone.
 

happyjohn

Corporate Services
Business Angel
Entrepreneur
Mentor Group
Yeah it looks to be cheap but I'm excited how long this will work for all of us :D
 

avalanche

Trusted Member
Business Angel
Between $3 and $4k through some service providers.
lol what? Should be no more than $500. Did it once, worked fine. (I still feel like I've been ripped off a little bit even. It should be much cheaper)

I been physically present everywhere.
 

traveller79

Building Trust
Entrepreneur
I did little research in Kutaisi, Georgia in person.

Registration of the company can be done in one day by going to Public Service hall (consider it something like combined service point for all government services). Cost of registration, 100 GEL (about 32 euro) or double if you want the registration to happen immediately.

Paperwork will be in both English and Georgian, but you still need a translator to translate the forms you sign (which are in Georgian), however the translator doesn't have to be certified (=any friend will do).

However, the biggest problem seems to be that you need permission from the owner of the real estate for the address you are going to use in registration. I was not able to find any reasonable service providers for this. I heard flat owners can do this if you sign long term lease. I also found couple of companies in Tbilisi, but their prices were rather high.

Even if you hire translator, registration process is really cheap and quick.
 

avalanche

Trusted Member
Business Angel
I did little research in Kutaisi, Georgia in person.

Registration of the company can be done in one day by going to Public Service hall (consider it something like combined service point for all government services). Cost of registration, 100 GEL (about 32 euro) or double if you want the registration to happen immediately.

Paperwork will be in both English and Georgian, but you still need a translator to translate the forms you sign (which are in Georgian), however the translator doesn't have to be certified (=any friend will do).

However, the biggest problem seems to be that you need permission from the owner of the real estate for the address you are going to use in registration. I was not able to find any reasonable service providers for this. I heard flat owners can do this if you sign long term lease. I also found couple of companies in Tbilisi, but their prices were rather high.

Even if you hire translator, registration process is really cheap and quick.
Just pay somebody $200 lol, they'll provide everything to you.
 

traveller79

Building Trust
Entrepreneur
Registration, Charter + address. Well thats what I heard at least.
Yes, there should be providers for this, but they are not easy to find.

Same applies to accountants, it's pretty difficult to find public offers. In most other cities/countries you find hundreds of small acconting offices with public pricelists, but not here..
 

avalanche

Trusted Member
Business Angel
Yes, there should be providers for this, but they are not easy to find.

Same applies to accountants, it's pretty difficult to find public offers. In most other cities/countries you find hundreds of small acconting offices with public pricelists, but not here..
Pretty easy to find on Google Maps :D

Also once you open a company you start receiving tons of spam from many other service providers. They find your email in public registry and start violently spamming you lol
 

lavel

Offshore Agent
Business Angel
Find a reliable provider of Georgia agency service and they can provide it all for you. I found mine on this list Oops! We ran into some problems. they set it all up for me including virtual address! Costs 900 euro + 100 for the virtual office service + costs for sending parcels.
 

lavel

Offshore Agent
Business Angel
okay you guys discuss fees below 900 I see from where you come from. Someone else already mentioned it before, if you have to consider if service in our industry has to cost 900 or 600 then you don't need it.
 

traveller79

Building Trust
Entrepreneur
okay you guys discuss fees below 900 I see from where you come from. Someone else already mentioned it before, if you have to consider if service in our industry has to cost 900 or 600 then you don't need it.
I don't know where you get this 900 or 600, but both are totally crazy. Check the first page, agency Martin linked to. They ask 190 euros (+vat%). Company registration process is so easy that this 600 or 900 just crazy.

5. INCORPORATION OF GEORGIAN BASED COMPANY WITH LIMITED LIABILITY LTD WITH OUR ASSITANCE - VARIANT OUR CLIENT IS PRESENT IN TBILISI, GEORGIA
The service includes our full assitance and all fees for incorporation. We will be with you all the process of incorporation and advice you the best solution.

Total price: 590 GEL / 190 EUR (+18% VAT)
 

avalanche

Trusted Member
Business Angel
okay you guys discuss fees below 900 I see from where you come from. Someone else already mentioned it before, if you have to consider if service in our industry has to cost 900 or 600 then you don't need it.
If the service requires personal connections somewhere then its worth $900 and above. If its the standard conveyor procedure with templates and everything, why in the world it would cost above $900?

Service provider needs to spend only 3-4 hours of their time on registration in Georgia.
 

lavel

Offshore Agent
Business Angel
I don't know where you get this 900 or 600, but both are totally crazy. Check the first page, agency Martin linked to. They ask 190 euros (+vat%). Company registration process is so easy that this 600 or 900 just crazy.
WoW now while we are at with the pricing and I pointed people to the mentor group you are both able to post something that may be of interest to the majority of the thread readers. I'm suprised how people play games on this forum thu&¤#
 

avalanche

Trusted Member
Business Angel
WoW now while we are at with the pricing and I pointed people to the mentor group you are both able to post something that may be of interest to the majority of the thread readers. I'm suprised how people play games on this forum thu&¤#
to make it clear, I have nothing to do with traveller79
 

JohnSeed

Corporate Services
Business Angel
Mentor Group
Commercial Service
Guys the fees you are mentioning here are just for the company registration and if you can do the work yourself. That would require that you live in Georgia and Speak their language.

I have paid 600 euro to get a company setup there and I give a flying fuck if I could do it my self with all the trouble for just 190 euro.
 
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