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Business in Georgia (Tbilisi)

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Capital: Tbilisi
Population: 5 400 000
Currency: Lari (GEL)
President:Mr. Giorgi Margvelashvili

Company registration in Georgia (starting from August 2009 former CIS Republic):

Main company registration legal acts:

Company registration in Georgia is regulated by Civil Code of Georgia (June, 26 1997), the Law «On enterpeneurs» (October,28 1994), the Law «On assistance and guarantees for foreign investments» (November, 12 1996) and other legal acts of Georgia.

Main forms of business presence:

Limited liability company(LLC); Joint stock company (JCS); General partnership, Limited partnership; Representative/Branch office.

Minimum capital charter for company registration:

LLC — 200 GEL (115 US Dollars); JSC — 15 000 GEL (8600 US Dollars)

Services for company registration:

  • Preparation of consituent documents;
  • Company registration in tax and registration authorities;
  • Ordering and receipt of the seal;
  • Registration of company’s data in social funds;
  • Opening of bank accounts.

Preliminary information necessary for company registration*:

  • Company’s name;
  • Legal address of the company in Georgia (we may provide you with it upon request) and contact telephone;
  • Information about Participants (Shareholders) and Managing director (passport data, visas etc.) and their contact telephones;
  • The size of charter capital of the company and methods of its contribution;
  • Types of activity;
  • Choice of bank, where accumulative/current accounts will be opened.

*All documents is necessary to present in advance in order to translate them into Georgian language. Our company retains the right to ask for additional documents. All documents have to be notarized by appropriate local authorities and legalised by the Georgian Embassy in the country of Participants (Shareholders) or in accordance with Hague Convention (1961) must bear Apostille, issued by the approporiate state agency after the notarisation on each document.

Presence of participants during company registration:

Presence of participants is necessary for notarial authentication of constituent documents, submission of documents to the state registration authorities.

General term of company registration: 3-7 days from the date of presenting of all necessary documents and forming of charter capital.