Our expert team of business professionals, attorneys, finance managers and accountants will make sure your business has the right foundation and tools for a successful start.
General Georgian Business
Normally, people establish an LLC (otherwise called an LTD) in Georgia. It is the most common type of business registered because it generally has the most acceptable regulatory framework and risk mitigators. However, there are other forms of business such as Joint Stock Companies, Micro Entreprenuerships, etc. Our team is well versed and extremely capable of advising you when it comes to selecting your business framework, origination documentation, and other critical aspects. The manner in which you establish your business will dictate your tax liabilities, income potential, personal risk, and other major items as you operate your business. An early mistake can be an extemely costly one.
Why hire Batumi Paradise to set up your business in Georgia?
Batumi Paradise is an expert business consulting agency that has over 57 years combined executive business experience in Georgia. We can help you create your Georgian business, related bank accounts and provide any other professional, legal, and accounting services required. (view fees)
FIZ (Free Industrial Zone) or FTZ (Free Trade Zone) Business
One question every company owner asks is “How Can I Lower My Tax Bill?”
In our competitive and increasingly smaller business world, due to the Internet, you the international business owner need all the the advantages you can get.
Taxes are one of the largest expenditures for many businesses. So how do you greatly reduce your tax burden on your company profits? One way is to create a Free Trade Zone company in Georgia.
Georgia is quickly being recognized as a preferred location in the world to conduct an offshore business, whether it be a large-scale shipping and warehousing company, or a one-man consulting agency.
Creating a Free Trade Zone company in Georgia has more benefits than just lower taxes. Some of the other benefits are:
- Strategic location - Close to Asia, Europe, Middle East and Africa
- Large, reliable workforce
- Modern and maintained infrastructure - warehouses, offices, handling equipment
- Deep water ports for shipping
- International airports
- Strategic rail lines
- European Union applicant
How To Setup A Free Trade Zone Company In Georgia
Setting up a free trade zone company is as simple as contacting one of the Free Trade Zone operators in one of the three different free trade zones in Georgia with the information they require. Type and name of business, business classification, contact and personal information of directors. Once you have been approved and paid the required invoice you will then need to set up a bank account in Georgia. There are several reputable banks in Georgia including The Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and many other financial institutions.
Setting up the business normally takes one day if you have the right connections and know where to go. A bank account set up can take up to three days to get account and debit cards. Again without the proper direction this can take much longer than required.
What Free Trade Zone In Georgia Should I Set Up My Company In?
There are three different trade zones in Georgia and each has its own unique competitive advantages. Porti, Kutaisi and Tbilisi are the three different Free Zones and are located in different areas of Georgia and all have different costs.
Poti is located near a deep water port and is recommended for companies that will require sea shipping and container logistics.
Kutaisi is further inland and is located near Batumi which is a major tourist destination on the Black Sea and Georgia. Kutaisi offers more IT and consultancy friendly free zones.
Tbilisi is the capital of Georgia and largest city and is located near the center of Georgia. Tbilisi offers a larger workforce, large commercial warehousing, manufacturing equipment and is located on a major travel corridor between Europe and China.
Why Use Batumi Paradise To Setup Your Free Trade Zone Business In Georgia?
Batumi Paradise is an expert Free Trade Zone consulting agency that has over 57 years combined executive business experience in Georgia. We can help you create your Free Zone company, related bank accounts and provide any other professional, legal, and accounting services required. (view fees)
Business Setup Fee
Depending on the your situation, you may also require the following additional services:
- Negotiations $150 (per hour)
- Creation of Legal Documents $100 (per hour)
- Lease Agreement $200
- Employment Agreement $100
- Opening Bank Account $100 (per account)
- Legal Address $200
- Power of Attorney Business Creation $250
- Power of Attorney FIZ/FTZ Business Creation $250
- Power of Attorney (one task) $200
- Power of Attorney (additional tasks) $25 (per task)