By now, you should already know who you are and what you represent as a company. Before going to the public hall and filling a registration form, you need to consider the following issues:
Who are you?
- Individual Entrepreneur
- General Partnership
- Limited Partnership
- Limited Liability Company
- Joint Stock Company
It is worthwhile to mention that Georgia is known for its uncomplicated registration procedure; however, the public service hall may request information and documents from you, so be ready.
The first step to register a company is to pay the registration fee of 100 GELs. Then, you obtain an identification number, a certificate of state, and the tax registration without any charge. Finally, you should open a Corporate Bank Account.
Despite the ease of starting a business, terminating is not so simple. Take into consideration what you will need and how long it will take to terminate a company.
Taxation is not just a percentage of your net profit you have to pay. The taxation system has its own deadlines and procedures you have to follow. The taxation system also differs by the type of legal entity. Knowing the tax code can help decrease unnecessary expenses.