Georgia (Republic of) LLC
Benefits
- Corporate tax on reinvested profits deferred – similar to Estonia’s tax system
- 15% corporate tax upon distribution of dividends to Georgia resident individuals
- 5% withholding tax on dividends paid to non-residents (may be reduced by treaty)
- Temporary Residence Permit for companies with > 50,000 GEL in annual turnover
- Bank of Georgia or TBC (GEL, USD) banking with personal visit
- Can own a US LLC payment processing subsidiary for access to Stripe and PayPal Business
Compliance Obligations
- Must submit a tax return and financial statements annually
Formation Requirements
- Minimum of 1 shareholder
- Minimum of 1 director, who may be a natural or legal person
- No minimum share capital required
- Must provide registered office (legal address) in Georgia
Georgia (Republic of) LLC – Virtual Zone Company
Benefits
- 0% corporate tax on IT services exported from Georgia
- 5% dividend tax on dividends paid to Georgia resident individuals
- 5% withholding tax on dividends paid to non-residents (may be reduced by treaty)
- Temporary Residence Permit for companies with > 50,000 GEL in annual turnover
- Bank of Georgia or TBC (GEL, USD) banking with personal visit
- Can own a US LLC payment processing subsidiary for access to Stripe and PayPal Business
Compliance Obligations
- Must submit a tax return and financial statements annually
Formation Requirements
- Minimum of 1 shareholder
- Minimum of 1 director, who may be a natural or legal person
- No minimum share capital required
- Must provide registered office (legal address) in Georgia