Joint-stock company JSCGeorgia
What it takes to form, own and run a public limited company in Georgia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
A shareholder shall not be liable for the obligations of a joint-stock company.
Quote
A limited liability company or a joint-stock company may be established by one person.
Quote
The same rule applies to a one-tier management system, unless the management powers have been granted to one manager.
Quote
The minimum amount of the subscribed capital of a joint-stock company at the moment of registration of the joint-stock company shall be GEL 100 000.
Quote
legal entities established under the legislation of Georgia;
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- At registration each shareholder must pay in money at least 25% of the nominal value of the shares issued (Art. 152(4)); the rest is due within five years of registration unless the statute sets a shorter period (Art. 152(3)).
Quote
At the moment of registration of a joint-stock company or an increase in its capital, a shareholder shall make monetary contributions in the amount of at least 25 % of the nominal value of the respective issued shares
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · a company may be one
Quote
The same rule applies to a one-tier management system, unless the management powers have been granted to one manager.
- Shareholders
- At least 1
Quote
A limited liability company or a joint-stock company may be established by one person.
- Members
- At least 1 · one person may form it alone
Quote
A limited liability company or a joint-stock company may be established by one person.
- A local company secretary
- Not required
Quote
1. The bodies of a joint-stock company are: the general meeting and the management body (in the case of a one-tier management system), or the general meeting, the supervisory board and the management body (in the case of a two-tier management system).
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Small exempt
Quote
except for statements of enterprises of the fourth category
- Audit for a small company
- Not required
Quote
Enterprises of the third and the fourth categories and non-entrepreneurial (non-commercial) legal persons shall be released from the obligation of conducting audits of financial statements
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the JSC are in our records.
What is public
- Shareholders
- Not recorded
Quote
Only a partner/founder of a general partnership, a limited partnership and a limited liability company shall be registered with the Registry.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
On distribution · 0% retained+4 regimes
Profit tax on distributed profit (Tax Code Art. 97(1)(a)); the statute's 15% rate applies to a resident enterprise's distributed profit.
Quote
legal entities established under the legislation of Georgia;
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- International company other · 5%
Georgian enterprises granted international company status, and individuals working for hire at such a company Tax Code of Georgia, Article 23 - Free Industrial Zone Enterprise free zone · 100% exempt
Companies established under the Law of Georgia on Free Industrial Zones, on profit from business permitted within the zone Tax Code of Georgia, Article 99(m) - Virtual zone person other · 100% exempt
Legal entities holding virtual zone status, on profit from supplying information technologies they developed to recipients outside Georgia Tax Code of Georgia, Article 99(p) - Special trading company other · 100% exempt
Companies holding special trading company status, on profit from conducting permitted activities Tax Code of Georgia, Article 99(s)
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Georgia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Decision of the shareholders to wind up, taken by three-quarters of the votes, then registration of the winding-up with the registry
Quote
In the case of a limited liability company, a joint-stock company and a cooperative, a decision on the winding-up of a company shall be made by a majority of three quarters of the votes of the participants in the voting
- Statutory fee
- GEL 200
Quote
including reorganization of a company, winding-up of a company, extension of functioning of a wound-up company
Every business in Georgia
VAT
- Standard rate
- 18%
Quote
The VAT rate shall be 18%.
- Registration threshold
- GEL 100,000
VAT taxable transactions of supplying goods/providing services; any 12 consecutive calendar months
Quote
from the day when he/she exceeds the total amount of GEL 100 000 for VAT taxable transactions of supplying goods/providing services carried out during any 12 consecutive calendar months
- Voluntary registration
- Yes
A person may register voluntarily as a VAT taxpayer, and is then treated as a VAT taxpayer from the day of applying, but not later than the period allowed for compulsory registration.
Quote
A person may voluntarily get registered as a VAT taxpayer.
- A foreign company
- The same threshold applies
The GEL 100,000 threshold is set for a taxable person generally; a taxable person with a fixed establishment in Georgia instead registers from the first supply. A service supplied in Georgia by a person not established there is subject to reverse charge, so the Georgian recipient accounts for the VAT.
Quote
Irrespective of the requirements of paragraphs 1 and 2 of this article, the obligation of a taxable person, who has a fixed establishment in Georgia, to calculate and pay the VAT shall arise from the moment of providing services/supplying goods
- Returns filed
- Monthly
Quote
The VAT accounting period shall be a calendar month.
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
1 service names Georgia on its own list: Paysera. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Public limited companyDerived our grouping, the same words in every country
- Name in law
- Joint-stock company (JSC)
- Identifier
- GE-JSCA form ISO 20275 does not list.