Georgia is a sunny and warm country that is developing at a rapid pace. There is legislation on the territory of the state, the bills of which are as convenient as possible for local and foreign entrepreneurs.
Offshore company is a company that is registered in 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 rankings at the international level. This country demonstrates the ease of conducting the chosen business area:
On the territory of Georgia there are free industrial zones. These are the so-called areas characterized by favorable conditions for commercial activity. In such areas, it is permitted by law to produce goods for various purposes, as well as provide services.
Offshore registration carried out for various reasons: mutually beneficial cooperation with international partners, significant reduction of tax burden, official access to foreign resources, legal management of foreign assets, successful conduct of activities 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 a business area related to construction, healthcare, energy, and so on will require obtaining certain licenses.
During the consultation process, our specialists will provide detailed advice and help with the effective solution of assigned tasks. The size of the authorized capital is not prescribed by law. Moreover, this information may not even be disclosed to government officials.
Register a company in Georgia, and successfully develop your business with maximum benefit for the organization.
| Name of service | Service cost |
| Company registration, notary fees, legal services and government fees. | € 950 |
| Providing legal address, agent and secretary, annual registration fees | € 400 |
| Nominee Director | from €790 per year |
| Nominee shareholder | from € 490 per year |
| Preparation and submission of financial statements (from the second year) | from € 70 |
| Order fulfillment time | 3-5 working days. |
Authorized capital
Registration of a company in Estonia does not require the actual contribution of the authorized capital, but the shareholders are responsible with their property for the debts of the company and cannot distribute dividends. When contributing the authorized capital, such responsibility is removed from the shareholders. It is also possible to contribute the authorized capital with property, for example, in the form of equipment (telephone, computer, other equipment). The transfer of property is confirmed by an acceptance certificate and an appraisal report.
The set of company documents includes:
A member of the board and a shareholder can be one single person, either an individual or a legal entity, without reference to residency. For remote registration of a company, shareholders prepare and certify a special power of attorney to carry out 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, company identification number, legal address, information about members of the board, the size of the authorized capital, and financial statements of the company are publicly available data. The register does not contain information about shareholders, but it can be obtained from a notary.
Estonian companies must prepare and submit an annual financial report to the tax authority within six months after the end of the tax period. The tax period (fiscal year), as a rule, coincides with the calendar year, but you can determine it yourself by notifying the tax authority.
The cost of our services for preparing financial statements for a dormant company is EUR 300. The cost of reporting for an active company is calculated individually depending on the number of transactions performed on the bank account.
An audit is required when 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 subject to taxes. Tax on dividends paid is 20%. If the profit is derived from dividends of a subsidiary or foreign representative office of the company, then 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 residence of directors does not affect tax residence. Obtaining a tax residence certificate is not difficult, 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 Department.
Order fulfillment 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 (border length 294 km), in the south with Latvia (339 km). In the north, in the Gulf of Finland, there is a maritime 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 participant in 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 economics
The share of the service sector in Estonia's GDP is 69%, industry - 29%, agriculture - 3%
Language - Estonian.
Currency - Euro (EUR).
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