Georgia is a sunny and warm country that is developing at a rapid pace. There is legislation on the territory of the state, the draft laws of which are most convenient for local and foreign entrepreneurs.
Offshore company is a company that is registered in the territory of a country where a minimum or zero level of income taxation is provided, provided that the income is received from conducting activities outside the borders of the selected state.
As practice shows, Georgia is now confidently rising in the ratings at the international level. This country demonstrates the ease of running the chosen commercial direction:
On the territory of Georgia there are free industrial zones. These are the so-called areas with favorable conditions for commercial activities. In such areas, it is allowed by law to produce goods for various purposes, as well as provide services.
Offshore registration is performed for various reasons: mutually beneficial cooperation with international partners, significant reduction of the tax burden, official access to foreign resources, legal management of foreign assets, successful business in the world market.
On the territory of the sunny state there is a single law for local and foreign businessmen, no distinctions are made. Opening up a business area related to construction, healthcare, energy and so on will require obtaining certain licenses.
In the process of consulting, our specialists will provide detailed advice and help with an effective solution to the tasks. The size of the authorized capital is not prescribed by law. Moreover, this information may not even be communicated to representatives of state authorities.
Register a company in Georgia, and successfully develop your business with the maximum benefit for the organization.
| Name of service | Service cost |
| Company registration, notary fees, legal fees and government fees. | €950 |
| Provision of legal address, agent and secretary, annual registration fees | €400 |
| Nominee director | from € 790 per year |
| Nominee shareholder | from € 490 per year |
| Preparation and filing of financial statements (starting from the second year) | from € 70 |
| Lead time | 3-5 business days. |
Authorized capital
The registration of a company in Estonia does not require the actual contribution of the authorized capital, but at the same time the shareholders are liable with their property for the company's debts and cannot distribute dividends. When the authorized capital is deposited, such liability is removed from the shareholders. It is also possible to contribute the authorized capital by property, for example, in the form of equipment (telephone, computer, other equipment). The transfer of property is secured by an act of acceptance and transfer and an appraisal act.
The set of company documents includes:
A member of the board and a shareholder can be one single person, both natural and legal, without references to residency. For remote registration of a company, shareholders prepare and certify a special power of attorney for the registration procedure; the director is required to agree to hold the position of a member of the company's board, certified by an apostille.
Public information
The name of the company, the identification number of the company, the legal address, information about the members of the board, the size of the authorized capital, the financial statements of the company are public data. There is no data on shareholders in the register, but they can be obtained from a notary.
Estonian companies must prepare and submit an annual financial statement to the tax authority within six months after the end of the tax period. The tax period (financial year) usually coincides with the calendar year, but you can determine it yourself by notifying the tax authority.
The cost of our services for the preparation of financial statements for a "dormant" company is EUR 300. The cost of reporting an active company is calculated individually, depending on the number of transactions performed on the bank account.
An audit is required if the following two conditions are met simultaneously:
or one of the conditions below:
Basic taxes
The main tax advantage of Estonia is the absence of tax on retained earnings (0%). Thus, only dividends paid to shareholders and shareholders are taxed. Tax on paid dividends - 20%. If the profit is received at the expense of dividends of a subsidiary or foreign representative office of the company, then the dividends paid to shareholders are exempt from taxes.
The standard VAT rate is 20%.
Tax residency
A legal entity is recognized as a tax resident of Estonia if it is registered in Estonia or if its activities are managed and controlled in Estonia. The place of residence of directors does not affect tax residency. Obtaining a tax residency certificate is straightforward, but you need a notarized power of attorney from the director of the company for the right to represent it at the Tax and Customs Board.
Lead time
Registration of a company in Estonia or re-registration of an existing company takes about 3 weeks from the moment the client provides all the necessary information and documents.
Estonia - a state located in Northern Europe, on the eastern coast of the Baltic Sea, washed by the waters of the Gulf of Finland and Riga. In the east, it borders with Russia (the length of the border is 294 km), in the south with Latvia (339 km). In the north, in the Gulf of Finland, there is a sea border with Finland. In the north and west it is washed by the waters of the Baltic Sea. It is a member of the European Union, Eurozone, NATO and a member of the Schengen Agreement.
Capital - Tallinn.
Population - The population of Estonia is approximately 1,3 million people.
Political structure - Parliamentary republic.
Legal system - Estonia is a country of the Romano-Germanic legal system with its own distinctive features. The main legislative act of the country is the Constitution, adopted in 1992. A legal entity in Estonia is registered in accordance with the Commercial Code of 1995.
Infrastructure and economy
The share of the service sector in Estonia's GDP is 69%, industry - 29%, agriculture - 3%
Tongue - Estonian.
Currency - Euro (EUR).
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