WhatsApp quoteJust as important, georgia company formation takes 1 to 2 working days, and GoldenKey coordinates the local agents, documents and bank introductions from Ajman. Crucially, the tax position in Georgia is clear: corporate tax is charged only when profits are distributed (Estonian model) at 15%, with Virtual Zone IT companies exempt on foreign income. Icelanders are a very small community, mostly in aviation, seafood and technology, so the Georgia authority, the banks and the immigration officers see Icelandic applications every day and process them without hesitation. As a rule, the most common businesses Icelanders open through GoldenKey are in seafood exports, aviation, geothermal technology and software, although Georgia supports almost any activity.
Why Georgia
GoldenKey works with licensed corporate service providers in Georgia and remains your single point of contact throughout. Requirements for a Georgia company are one director and one shareholder of any nationality, a registered address in Georgia and no minimum capital. GoldenKey has prepared Georgia files for Icelandic customers in seafood exports, aviation, geothermal technology and software, which means we know which Iceland documents need attestation and which can be submitted as plain copies.
How Georgia works with GoldenKey
Step 1Structure and name check
We confirm the activity, shareholders and name availability with the National Agency of Public Registry.
Step 2KYC and documents
You provide passports, proof of address and the information required by the Georgia registrar; GoldenKey prepares the forms. For a Georgia company for Icelanders this step rarely needs your presence; scans and e-signatures are enough.
Step 3Incorporation
Our Georgia partner files the incorporation and the registrar issues the certificate, as a rule within 1 to 2 working days.
Step 4Banking and compliance
We introduce banks that accept Georgia companies and set up the annual filing calendar. This is also the point at which we answer any question specific to a Georgia company for Icelanders.
Documents required
Gather these documents and GoldenKey will take care of the rest of a Georgia company for Icelanders.
- A bank statement from your Iceland bank for the last three months, which banks use to understand your profile
- Proof of address
- A passport issued by Iceland with at least six months' validity
- Bank reference
- Educational certificates attested by the Iceland authorities and the UAE embassy, for professional activities
- Passport copies
Pricing
Pricing for a Georgia company for Icelanders depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. All prices for a Georgia company for Icelanders are indicative, shown in AED and confirmed in writing before you pay.
| GoldenKey service fee | AED 5,000 |
|---|---|
| Official fees (approx.) | AED 500 |
| Approximate total | AED 5,500 |
Fees in AED; official Georgia fees in GEL
Request this servicePrices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-07.
Why the UAE
As we tell every client, there are no restrictions on repatriating profits or capital, so earnings from a Georgia company for Icelanders can be moved to your home country or reinvested freely. Banking, logistics, telecoms and digital government services in the UAE are among the most advanced in the region, which keeps the running costs of a Georgia company for Icelanders predictable.
Why GoldenKey
Most of our Georgia customers come to us through referrals from other founders, and that is why we take pride in keeping every promise we put in writing. GoldenKey builds its own CRM and client portal, so you can see the status of your Georgia submission, download your supporting documents and pay invoices from your phone. Our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for a Georgia company for Icelanders happen the same day they are ready.
Tell us about your plans for a Georgia company for Icelanders and GoldenKey will come back to you shortly with a clear price, a document checklist and a realistic timeline.
Frequently asked questions
Can my UAE company own the Georgia company?
Yes. A UAE free zone or mainland company can be the shareholder, which is a common structure for groups operating in both markets.
Do I need to travel to Georgia to incorporate?
In most cases no. Incorporation is handled by our local partner under a power of attorney. Some banks in Georgia require a video or in-person meeting.
What are the annual obligations for a Georgia company?
Annual returns, accounts and tax filings vary by jurisdiction; GoldenKey provides a compliance calendar and local accounting support.
Is there a double taxation agreement between Iceland and the UAE?
Day to day, the UAE has double taxation agreements with more than 130 countries. Whether Iceland is covered and how it applies to you depends on the current treaty position, which GoldenKey checks with a tax adviser before you rely on it.
Can a Icelandic citizen own 100% of a company in Georgia?
Yes. Icelanders can own the full share capital of a Georgia company with no local partner, exactly like any other nationality.
