One of the most attractive aspects of starting a business in Georgia is the low cost. Unlike many countries where company formation can cost thousands, Georgia offers an incredibly affordable path to entrepreneurship.
Government Registration Fees
The official fees for LLC registration are surprisingly low:
| Service | Cost (GEL) | Cost (USD) |
|---|---|---|
| Standard registration (4 days) | 100 | ~$37 |
| Express registration (1 day) | 200 | ~$74 |
| Urgent registration (same day) | 400 | ~$148 |
These fees are paid directly to the Public Service Hall or House of Justice.
Additional Required Costs
Legal Address
Every Georgian LLC needs a registered address:
- Virtual office: 50-150 GEL/month ($20-55)
- Physical office: 300+ GEL/month ($110+)
- Home address: Free (if permitted by landlord)
Notary Services
If founders cannot be present in person:
- Power of Attorney: 50-100 GEL ($20-37)
- Apostille (for foreign documents): Varies by country
Translation Services
For non-Georgian documents:
- Certified translation: 20-40 GEL per page ($7-15)
Optional But Recommended Costs
Professional Registration Service
Using a company like TaxWizzards for full-service registration:
- Basic package: 200-400 GEL ($74-148)
- Premium package (includes legal address, banking assistance): 500-1,000 GEL ($185-370)
This saves time and ensures everything is done correctly from the start.
Bank Account Opening
Most banks don't charge for account opening, but may require:
- Minimum deposit: 0-500 GEL (varies by bank)
- Monthly maintenance: 0-20 GEL
Total Startup Costs
DIY Approach (Minimum)
| Item | Cost |
|---|---|
| Standard registration | 100 GEL |
| Virtual address (first month) | 50 GEL |
| Total | ~150 GEL ($55) |
Professional Setup (Recommended)
| Item | Cost |
|---|---|
| Express registration | 200 GEL |
| Virtual address (3 months) | 150 GEL |
| Professional service | 400 GEL |
| Bank account setup | 0 GEL |
| Total | ~750 GEL ($275) |
Ongoing Annual Costs
After registration, budget for these recurring expenses:
| Expense | Annual Cost |
|---|---|
| Legal address | 600-1,800 GEL |
| Accounting services | 1,200-3,600 GEL |
| Bank fees | 0-240 GEL |
| Annual compliance | Included in accounting |
Comparison with Other Countries
Georgia is one of the cheapest places to register an LLC:
| Country | Registration Cost |
|---|---|
| Georgia | $55-275 |
| Estonia | $400-500 |
| UK | $50-200 |
| USA (Delaware) | $500-1,500 |
| Germany | $2,000-5,000 |
| Switzerland | $3,000-10,000 |
Hidden Costs to Avoid
Be aware of potential unexpected expenses:
- Rush translations - Plan ahead to avoid premium rates
- Bank rejections - Poor documentation can lead to multiple attempts
- Incorrect registration - Errors require paid amendments
- Tax penalties - Missing deadlines after registration
Money-Saving Tips
- Use standard registration unless you're in a hurry
- Prepare documents properly the first time
- Bundle services with a single provider
- Choose the right tax regime from day one
- Consider virtual office instead of physical space
What's Included in Our Service
At TaxWizzards, our LLC registration package includes:
- Company name reservation
- Document preparation
- Registration submission
- Tax registration
- Bank introduction
- First consultation on tax optimization
Get a free quote for your LLC registration in Georgia.
Frequently Asked Questions
Is there a minimum capital requirement?
No. Georgian LLCs have no minimum capital requirement.
Do I need to be in Georgia to register?
No. Registration can be done remotely with a Power of Attorney.
Can foreigners own 100% of a Georgian LLC?
Yes. There are no foreign ownership restrictions.
How long is the registration valid?
Indefinitely. There's no renewal requirement for the company registration itself.
Ready to start your Georgian LLC? Contact us for a personalized cost estimate based on your specific needs.