shelf company in georgia
TRANSCRIPT
Shelf company in Georgia
A presentation brought to you by CompanyFormationGeorgia.com
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Accessing the Georgian market
Foreign investors interested to invest in Georgia have two possibilities of starting a company.
They can register a company in Georgia. The second option refers to the purchase of a ready-made company in Georgia, also referred to as shelf company.
Shelf companies can start their activity immediately after the purchase.
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Reasons to purchase a shelf company
A shelf company in Georgia represents a great options for the investors who want to start their business operations as soon as possible.
Georgian shelf companies can start their activity very fast, as the company has already been incorporated.
Such companies are already registered with the local authorities for tax purposes, VAT and other requirements.
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Features of a shelf companies in Georgia The main features of a shelf company in Georgia are the following:
it has the incorporation documents prepared and notarized;
it has a registered business address in Georgia;
it is already registered with the Companies Register;
it has a fiscal identity number;
it has a bank account.
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Shelf company in Georgia – legal forms
Shelf companies in Georgia can take any legal form available under the local law.
Most of the companies in Georgia are registered as limited liability companies. Each legal form in Georgia is incorporated by following specific regulations related to various aspects, such as the minimum share capital.
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Purchase a shelf company in Georgia >>
The shelf company in Georgia can be purchased in a simple manner, on which our team of company formation representatives can offer legal advice.
The investors are not required to be present in the country, in the situation in which they provide a power of attorney to a local specialist.
The company will need to be represented by new directors and a new company secretary.
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Taxpayers in Georgia
Once the procedure is completed, the investors will become taxpayers in Georgia.
In this case, they will need a tax identification number, which is compulsory for all foreigners performing taxable activities on the Georgian territory.
Our team of company formation agents in Georgia can assist investors in obtaining a tax number.
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Register as a taxpayer in Georgia Foreigners operating on the Georgian market will receive a tax identification number issued by the relevant authorities.
Investors must register with the National Agency of the Public Registry.
A company registered in Georgia is also required, in certain situations, to pay for valued added tax.
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Double taxation agreements in Georgia
The shareholders of a shelf company in Georgia can also benefit from the stipulations of the double taxation agreements signed by the local authorities with other states.
This is applicable regardless of the company’s type or business activities, for holding companies or for businesses registered as pharmaceutical companies or publishing houses.
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Consultancy services in Georgia
Investors can address to our specialists in company formation in Georgia for the incorporation of a company in the Kutaisi Free Zone or for legal advice on how to invest on the Georgian market.
Our agents can help with other related matters. For example, foreign investors will need a residence permit in most of the cases.
Thank you for your attention!
For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.companyformationgeorgia.com
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