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Joint Stock Company, Tbilisi, Georgia

 

JOINT STOCK COMPANY INCORPORATION MADE EASY

 

A limited liability company "LTD" or a Joint Stock Company "JSC":

  • both may be established by one person in Georgia
  • there is no minimum capital needed (but it must have an authorized capital, decided by the shareholders in case of JSC)
  • shareholders are not liable for obligations of the JSC and LTD.

 

THE DIFFERENCE BETWEEN LIMITED COMPANY "LTD" AND JOINT STOCK COMPANY "JSC ESTABLISHED IN TBILISI, GEORGIA

Main difference between JSC and LLC is the registration and managing process, that is much easier in case of LLC. The right to manage a limited liability company and a joint stock company has directors, unless otherwise provided by the charter (with the agreement of partners).  

 

JOINT STOCK COMPANY IN GEORGIA AND SHARES

Joint Stock Company is a company where the capital is divided into class and number of shares defined by the charter. A share is intangible security, that certifies the obligations of a joint stock company to a partner (shareholder) and the rights of a shareholder in a joint stock company. The charter of a joint stock company may specify nominal value of shares. The liability of the joint stock company to its creditors is limited to all its assets. A shareholder of a joint stock company is not liable for the obligations of a joint stock company (the same is in case of limited liability company). When establishing a joint stock company, capital can be determined in any amount. There is no minimum share capital required, but it must have an authorized capital, decided by the shareholders. Hereby, it should be notified that it is not needed to pay the contribution at the time of registration. Also, it should be taken into account, if the number of shareholders exceeds 50 members, they have to be registered by an independent register, in other case the evidence could be performed by the company itself. General meeting of shareholders is taking main decisions, everyday decisions could be taken by director or board of directors. A supervisory board is needed if:

1) the number of shareholders exceeds 100 members

2) if the shares are registered at the stock market

3) if it is licensed by the Financial Monitoring Agency.

Unless otherwise is provided by the charter of the enterprise, the shares in the joint stock company may be ordinary and privileged.

 

One ordinary share provides one vote at the general meeting of shareholders, while a privileged share does not give the right to vote. A privileged share provides a dividend at a fixed rate.

 

 

WHAT IS NEEDED DURING THE REGISTRATION PROCESS OF JOINT STOCK COMPANY "JSC" IN TBILISI, GEORGIA

 

  • e-mail of the new company
  • legal address for the company
  • passport / ID card of shareholder(s) and director(s)
  • translation (in case of nonresident director/shareholder)

 

Total price: 2.700 GEL / 890 EUR (+18% VAT)

 

JOINT STIOCK COMPANY WITH THE PRESENCE OF THE CLIENT IN GEORGIA - OUR FEES

Joint Stock Company "JSC" incorporation - EURO 890 + 18%VAT
 

 

JOINT STIOCK COMPANY WITHOUT THE PRESENCE OF THE CLIENT IN GEORGIA - OUR FEES

Joint Stock Company "JSC" incorporation - EURO 890 + 18%VAT

 

EXTRA OPTIONAL SERVICES RELATED TO JSC COMPANY INCOROPRATION IN TBILISI, GEORGIA


Assistance to open corporate bank account for JSC - EURO 490 euro + 18%VAT
Registration of the JSC at Tax Office - EURO 290 euro + 18%VAT
Registration of the JSC as a VAT payer - EURO 190 euro + 18%VAT

PREMIUM SITE FOR COMPANIES
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Besiki 4
Tbilisi, Georgia

  (+995) 558 800 007

PREMIUM SITE FOR COMPANIES
YOU CAN VISIT
7 DAYS IN THE WEEK

Besiki Business Center, Besiki 4
Tbilisi, Georgia

  (+995) 558 800 007
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