Most foreign founders register a limited liability company (LLC). It is a separate legal entity, its shareholders are not personally liable for its debts, it needs no minimum capital, and it may be wholly owned and managed by foreign individuals or companies.
An individual entrepreneur (IE) is not a separate entity: a natural person registers to carry on business in their own name and answers for its obligations with personal assets. Its advantage is tax: with small business status, turnover up to 500,000 GEL a year is taxed at 1%, provided the activity is eligible. The status is available to individual entrepreneurs only, never to companies.
A foreign company that wants to operate in Georgia without a new entity can register a branch. The parent remains liable, and the branch's profit is taxed in Georgia. A joint stock company suits investment vehicles and businesses that plan to raise capital.