types of companies in georgia
TRANSCRIPT
Types of Companies in Georgia
A presentation brought to you by our Specialists in Company Formation in Georgia
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Why is Georgia an attractive destination for investors?
• Georgia offers many advantages for the investors interested in doing business in this country, such as:
a strategic geographical position (between Western Asia and Eastern Europe);
a stable economic environment;
a liberal trade regime.
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What are the main types of companies available in Georgia?
• Foreign investors and entrepreneurs interested in opening a company in Georgia can choose between several legal structures.
• The main company types in Georgia are the following:
limited liability company;
joint stock company;
partnership (general or limited).
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Limited liability company in Georgia >>
• A limited liability company in Georgia is formed by at least one shareholder and maximum 50.
• The capital is divided into shares and each shareholder has the rights limited by the value of his shares.
• The members are not personally liable for the company’s debts.
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>> Limited liability company in Georgia
• No minimum share capital is required at the incorporation of a limited liability company in Georgia.
• However an authorized capital is necessary before starting the business, the amount of which can be freely chosen by the members.
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Joint stock company in Georgia >>
• A joint stock company in Georgia is usually a company that has its shares registered at the Georgian Stock Exchange.
• This legal entity can be registered by one founder.
• A major characteristic of this company type is that the shareholders are not personally liable for the company’s debts.
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>> Joint stock company in Georgia
• A joint stock company in Georgia must have an authorized capital, decided by the shareholders.
• It is not necessary to pay the contribution at the time of registration.
• For more information about the particularities of joint stock companies in Georgia, you may contact our local experts in company formation.
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Partnerships in Georgia
• There are two types of partnerships in Georgia:
general partnership;
limited partnership.
• Our team of company formation specialists in Georgia can help you establish any desired type of partnership here.
• All you have to do is to contact us.
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General partnership in Georgia
• A general partnership is based on an agreement between two or more partners, performing business under the same name, personally liable for the debts and incomes of the partnership.
• All the partners of a general partnership in Georgia may take management decisions.
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Limited partnership in Georgia
• A limited partnership in Georgia is formed by two or more persons with different roles in a company:
a general partner (who’s liability is unlimited);
a silent partner (who’s liability is limited to the extend of his contribution).
• Only the general partners are entitled to take any management decisions.
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• Before opening a company in Georgia, it is very important to choose the most suited legal entity for your business objectives.
• If you need assistance for selecting the best type of company for your business needs, you may contact our specialists in company formation in Georgia.
Company formation services in Georgia
Thank you for your attention!
• For more information, please contact us at:
(+44)203-287 0408
http://www.companyformationgeorgia.com/
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