History of Georgia

Georgia is a country on the east coast of the Black Sea in the Caucasus, located in both Eastern Europe and Asia. It is considered cultural, historical and politically speaking part of Europe. The capital of Georgia is Tbilisi.

Georgia is not part of the European Union and has its own Lari currency.

Georgia is not a signatory of the AEOI and, therefore, does not participate in the automatic exchange of banking information for the tax authorities of the participating states.

• It can buy vehicles (aircraft, boats, cars, etc.).
• It can hold shares in companies.
• It can have a specific purpose: humanitarian, sport activities, scientific, etc.
• Unlike a trust it is an incorporated entity with its own legal identity.

Foundations may be more acceptable to civil law countries than trusts.

Limited liability company

According to the law of the Republic of Georgia, the limited liability company is a company whose liability to creditors is limited by all its assets, and the liability of the partners is limited to the amount of their shares. There is no minimum social capital required. A company can be composed of only one partner.

Public limited company

Limited company: the limited company is a company whose share capital is divided into shares. The minimum required capital stock is US $ 10,000, so the value of one share is set to US $