Cost of Incorporating a Company in Georgia

Published on April 26, 2026 and written by Cyril Jarnias

Georgia has established itself as a top destination for international entrepreneurs looking to establish a presence in Eastern Europe. With its business-friendly environment, attractive tax system, and streamlined procedures, the country offers numerous advantages for company formation. However, before getting started, it is crucial to fully understand the costs associated with this process. This article provides a detailed overview of the expenses to anticipate for setting up your company in Georgia in 2025.

Upfront Costs: Essential Registration Fees

Registering a company in Georgia involves several administrative steps, each with specific fees. The total registration cost typically ranges from 600 to 1,000 GEL (approximately 180 to 300 euros), depending on the type of structure chosen and the speed of the procedure.

The main fees to anticipate are:

• Company name reservation: 20 GEL (approximately 6 euros)
• Registration with the National Registry of Enterprises: 100 GEL (approximately 30 euros) for a standard procedure, 200 GEL (approximately 60 euros) for an expedited procedure
• Opening a bank account: usually free, but some banks may charge minimal fees
• Notary fees for document certification: between 30 and 50 GEL (9 to 15 euros) per document
• Translation and legalization of foreign documents: approximately 50 GEL (15 euros) per page

It is important to note that these fees can be reduced if you opt for online registration, an increasingly preferred option by Georgian authorities. Additionally, Georgia offers the possibility of registering a company in just one business day, making it one of the fastest procedures in the world.

Staying Compliant: Anticipating Compliance Costs

Once your company is registered, several expenses related to regulatory compliance should be expected. These costs vary depending on the size and activity of your business, but it is essential to budget for them from the start.

Accounting and auditing represent a significant portion of compliance costs. In Georgia, companies are required to maintain accounting records in accordance with international standards (IFRS). Monthly fees for a qualified accountant typically start around 300 GEL (approximately 90 euros) for a small business and can reach several thousand GEL for larger structures.

The annual audit, mandatory for certain categories of companies, can cost between 2,000 and 10,000 GEL (600 to 3,000 euros) depending on the size and complexity of the business.

Legal fees are another expense item not to be overlooked. It is recommended to hire a local lawyer to ensure your contracts and practices comply with Georgian legislation. Lawyer fees can range from 100 to 300 GEL (30 to 90 euros) per hour.

Finally, don’t forget the costs related to licenses and permits specific to your industry. For example, a license to operate in the financial sector can cost up to 50,000 GEL (approximately 15,000 euros).

Investing for Success: Required Initial Capital

Unlike many countries, Georgia does not impose a minimum share capital for setting up a limited liability company (LLC), the most common legal form for foreign investors. However, it is crucial to have sufficient capital to cover startup costs and ensure the smooth operation of your business during the first few months.

The amount of initial investment largely depends on your industry and ambitions. As an indication:

• For a small service business (consulting, digital marketing, etc.): 5,000 to 10,000 GEL (1,500 to 3,000 euros)
• For a trading company with initial stock: 20,000 to 50,000 GEL (6,000 to 15,000 euros)
• For a tech startup: 50,000 to 200,000 GEL (15,000 to 60,000 euros)

It is recommended to set aside working capital covering at least 6 months of activity, including salaries, rent, marketing costs, and other operational expenses.

Additionally, some sectors require more substantial investments. For example, opening a hotel or restaurant may require an initial investment of several hundred thousand euros.

Managing Day-to-Day: Anticipating Operational Expenses

Operational costs in Georgia are generally lower than in many European countries, which is a competitive advantage for businesses. Nevertheless, it is essential to budget for them accurately.

Commercial rents vary significantly depending on the location and quality of the premises. In Tbilisi, the main business hub:

• Class A offices: 15 to 25 USD per sqm per month
• Class B offices: 8 to 15 USD per sqm per month
• Coworking spaces: from 150 GEL (approximately 45 euros) per month for a workstation

Salary costs, although increasing in recent years, remain competitive:

• Average salary for a skilled employee: 1,500 to 3,000 GEL (450 to 900 euros) per month
• Salary for an experienced software developer: 3,000 to 6,000 GEL (900 to 1,800 euros) per month
• Salary for an executive manager: from 5,000 GEL (1,500 euros) per month

Social contributions are relatively low in Georgia. The employer must pay a 2% contribution on gross salary for the pension, while the employee also contributes 2%.

Energy costs should also be considered:

• Electricity: approximately 0.25 GEL (0.075 euros) per kWh for businesses
• Natural gas: approximately 1 GEL (0.30 euros) per m³
• Water: approximately 3.5 GEL (1.05 euros) per m³

Telecommunication and internet fees are relatively affordable, with high-speed business internet packages starting from 100 GEL (30 euros) per month.

Optimizing Your Budget: Strategies to Reduce Costs

Although the costs of setting up and managing a business in Georgia are already competitive, there are several strategies to optimize them further.

1. Take advantage of government incentives

The Georgian government offers various incentive programs to attract foreign investors. For example, the “Produce in Georgia” program provides grants, preferential loans, and technical assistance to businesses in certain priority sectors like manufacturing or information technology.

2. Choose your location strategically

If your business does not require a presence in central Tbilisi, consider setting up in less expensive areas. Cities like Kutaisi or Batumi offer more affordable rents while benefiting from modern infrastructure.

3. Optimize the tax structure

Georgia offers several advantageous tax regimes. For instance, the “small business” status allows for a reduced tax rate of 1% on turnover (up to 500,000 GEL). Additionally, companies based in certain free zones can benefit from significant tax exemptions.

4. Invest in local training

Rather than hiring expensive expatriates, invest in training local talent. Georgian universities produce many qualified graduates each year, particularly in technical and IT fields.

5. Use shared services

To reduce fixed costs, consider using coworking spaces or shared services for accounting, secretarial work, or IT. Many companies in Tbilisi offer these services at competitive rates.

6. Digitalize processes

Georgia is at the forefront of digitalizing public services. Take advantage of this to reduce your administrative costs by using online platforms for registration, tax filing, and other administrative procedures.

In conclusion, setting up and managing a business in Georgia offers many advantages in terms of cost and operational ease. With careful planning and a good understanding of the local environment, it is possible to start your activity with a relatively modest investment while benefiting from a framework conducive to growth.