---
name: ge-company-formation
description: "Source-cited draft: company formation & entity choice for Georgia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/ge-company-formation"
  jurisdiction: "GE"
  tax_year: "2025"
  last_updated: "2026-07-13"
  reviewed_by: "Gvantsa Amiridze"
  review_status: "current"
---

# Georgia Company Formation & Entity Choice

## Entity types, incorporation and annual compliance

- **Governing law and general framework** — Companies in Georgia are governed by the Law of Georgia on Entrepreneurs and registered with the National Agency of Public Registry (NAPR) under the Ministry of Justice. The limited liability company (LLC / Shps) is by far the most common form and can be registered very quickly with no minimum capital.  _(Law of Georgia on Entrepreneurs)_
- **Most common entity type** — Limited Liability Company (LLC / Shps)  _(Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/)_
- **Other entity types** — Joint Stock Company (JSC), General Partnership, Limited Partnership, Cooperative, branch of a foreign company, and individual entrepreneur  _(Law of Georgia on Entrepreneurs)_
- **Minimum share capital — LLC** — No statutory minimum (can be GEL 1) GEL  _(Law of Georgia on Entrepreneurs — https://ge.andersen.com/georgia-company-formation-entrepreneurs-law/)_
- **Minimum share capital — JSC** — No fixed statutory minimum under the Entrepreneurs Law (approx — confirm)  _(Law of Georgia on Entrepreneurs)_
- **Registration authority** — National Agency of Public Registry (NAPR), Ministry of Justice of Georgia  _(Law of Georgia on the Public Registry — https://napr.gov.ge/en/)_
- **Incorporation timeline** — Typically 1 business day (same-day registration available at the Public Service Hall) (approx — confirm)  _(Law of Georgia on the Public Registry)_
- **Standard registration fee** — GEL 100 for standard (next-day) registration; GEL 200 for same-day expedited registration (approx — confirm current state fee) GEL  _(Law of Georgia on the Public Registry)_
- **Core incorporation steps** — Prepare and notarise charter/registration application, reserve company name, submit to NAPR (Public Service Hall), obtain extract from the Entrepreneurs Register, open a bank account, register as a taxpayer with the Revenue Service  _(Law of Georgia on Entrepreneurs)_
- **Tax registration / VAT registration threshold** — A taxpayer identification number is assigned on registration with NAPR; separate VAT registration is required once the GEL 100,000 threshold is met (or voluntarily) GEL  _(Tax Code of Georgia)_
- **Core annual compliance** — Monthly profit tax and VAT (if registered) returns, monthly payroll/pension reporting, and annual financial statement filing with SARAS for entities meeting size criteria  _(Law of Georgia on Accounting, Reporting and Auditing)_
- **Accounting/reporting standards** — IFRS or IFRS for SMEs depending on entity category; oversight by SARAS (Service for Accounting, Reporting and Auditing Supervision)  _(Law of Georgia on Accounting, Reporting and Auditing)_

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> **General reference only.** This document does not constitute tax, legal, or
> financial advice. Verify figures against the cited primary sources or with a
> licensed professional before relying on them.

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `ge-company-formation` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/ge-company-formation. If neither is available, confirm every figure against the official source pages cited above before relying on it.