About Business Registration Law in Tbilisi, Georgia
Business Registration Law in Tbilisi, Georgia is straightforward and systematic. The process involves registration with Georgia's Public Registry Agency, obtaining a tax code from the Revenue Service, and ensuring compliance with local regulations. Non-residents are treated on par with residents for business registration purposes, enjoying a pro-business, low tax, and corruption-free environment. The process is digitized, making it quick and efficient.
Why You May Need a Lawyer
While the process is straightforward, legal guidance can prevent potential roadblocks and legal issues. A lawyer can assist with clarifying the registration procedures, compliance with financial regulations, and creation of proper documentation. Should you have specific business models or face operational complexities, a lawyer's expertise in local and international business laws can be invaluable.
Local Laws Overview
Local laws in Tbilisi mandate businesses to register with the Public Registry and the Revenue Service. Companies are required to maintain accurate accounting records and report taxes timely. There are regulatory stipulations around types of business forms, capital requirements, and directorship. A lawyer can provide guidance on understanding and complying with these regulations to avoid legal complications.
Frequently Asked Questions
1. How long does the registration process take?
The business registration process in Tbilisi typically takes 1-2 business days.
2. Can foreigners own businesses in Tbilisi?
Yes, foreign ownership is allowed in Georgia, and they are permitted to own 100% of business shares.
3. Are there annual reporting requirements?
Yes, companies are required to submit annual financial statements to the Revenue Service.
4. Is there a minimum capital requirement for company registration?
No, there is no minimum capital requirement for company registration in Tbilisi.
5. Can a single individual register a company?
Yes, a single individual can register a limited liability company in Tbilisi.
Additional Resources
The Public Registry Agency's website and the Revenue Service's website are valuable resources for understanding the step-by-step registration process and tax obligations. The Tbilisi City Hall website also offers specific local regulations and information relevant to incorporating and governing a business.
Next Steps
If you need legal assistance in Business Registration, consider reaching out to a local lawyer specializing in Business Law. They can provide personalized advice and ensure that your legal obligations are met, allowing you to focus solely on the operational aspects of your business.
Disclaimer:
The information provided on this page is intended for informational purposes only and should not be
construed as legal advice. While we strive to present accurate and up-to-date information, we cannot
guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change
frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal
professionals for specific advice tailored to your situation.
We disclaim all liability for actions you take or fail to take based on any content on this page. If you
find any information to be incorrect or outdated, please
contact us, and we will make efforts to rectify it.
