01
Setup
Registration at the Public Service Hall for 100 GEL, with passport and a local address. No minimum capital. A foreign director may be appointed without residency.
Georgian LLC
Georgian company: setting up an LLC to hold your assets
The Georgian LLC is the equivalent of a limited liability company. It can be set up in 24 hours, allows 100% foreign capital and eases holding multiple assets under one vehicle.
02
Taxation
Estonian model: no corporate tax while profits are reinvested. At distribution, 15% CIT and 5% dividend withholding. Ideal to cascade capital across several projects.
03
VAT recovery
A VAT-registered LLC recovers the 18% VAT on new-build purchases, provided the property is operated as declared short-term rental. Savings easily cover yearly accounting fees.
04
Bank financing
Georgian banks lend more readily to a local LLC than to a foreign individual. 30 to 40% down, 10 to 12% in GEL, 8 to 10% in USD.
05
Home-country impact
A Georgian LLC held by a foreign resident may fall under CFC rules in France, Germany or the UK. See your country guide.
Related topics
Informational content based on the Georgian tax code in force in 2026. Does not replace advice from a qualified tax advisor in your country of residence.