Best New Business Formation Lawyers in Tbilisi

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NOMOS LLC

NOMOS LLC

Tbilisi, Georgia

Free Consultation: 15 mins


Founded in 2022
3 people in their team
Nomos represents a law firm with a local feel and a global impact. We offer expertise with the most efficient and unique approach. All our attention...
English
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Prime Legal Georgia

Prime Legal Georgia

Tbilisi, Georgia

Founded in 2018
20 people in their team
Prime Legal represents the team of highly qualified jurists and attorneys which ensures full legal support for you, your family members, your company...
Georgian
English
Russian
French
German
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Legal Actions

Legal Actions

Tbilisi, Georgia

Founded in 2021
7 people in their team
The law firm Legal Actions offers a full range of professional legal services. Use suitable, modern, and up-to-date approaches to resolving legal...
English
Georgian
Italian
Russian
BLC Law Office

BLC Law Office

Tbilisi, Georgia

Founded in 2000
35 people in their team
BLC Law Office, established in 2000, holds the distinction of being the largest law firm in Georgia. It is consistently ranked as the TOP TEAR...
Georgian
English
Russian
German
French
Law Firm Anastasiou

Law Firm Anastasiou

Tbilisi, Georgia

Founded in 2018
10 people in their team
We are committed to the highest levels of integrity and excellence. We aggressively pursue our clients’ claims, which results in a better outcome...
English
Russian
Georgian
Patronus Legal

Patronus Legal

Tbilisi, Georgia

Founded in 2014
8 people in their team
Established in 2014, Patronus Legal was created by a group of pioneering lawyers who realised that the Georgian legal market was ready for something...
English
Georgian
ILC - International Law Center

ILC - International Law Center

Tbilisi, Georgia

Founded in 2020
10 people in their team
ILC – International Law Center is a law firm founded in Georgia, which offers customers qualified services in any field of law. Our team combines...
English
Georgian
Abashidze & Partners

Abashidze & Partners

Tbilisi, Georgia

Founded in 2013
4 people in their team
Established in 2013, Abashidze & Partners is a full-scale business law firm practicing in Tbilisi, Georgia. Law firm specializes in business law...
Georgian
English
Russian
Tbilisi Law

Tbilisi Law

Tbilisi, Georgia

Founded in 2021
11 people in their team
The law firm "Tbilisi Law" is founded by experienced and professional lawyers who legally secure your business activities. We are a responsible,...
English
Italian
Russian
Georgian
eLaw

eLaw

Tbilisi, Georgia

Free Consultation: 30 mins


Founded in 2021
5 people in their team
eLaw GeorgiaeLaw is the best law firm with top lawyers with many years of practice in business law. The field of activity of attorneys includes the...
English
Russian
Georgian
Italian

About New Business Formation Law in Tbilisi, Georgia:

The process of forming a new business in Tbilisi, Georgia is regulated by Georgian Law, particularly by the Civil Code, the Law on Entrepreneurship and the Tax Code. Georgia offers a variety of business structures, such as Limited Liability Companies, Joint Stock Companies, and Sole Proprietorships. The government has initiated business-friendly practices, making the registration process simple and straightforward. However, it is important to understand the law to avoid potential legal and financial pitfalls.

Why You May Need a Lawyer:

Engaging a lawyer can be crucial in navigating the complexities of business formation, ensuring compliance with local laws, and mitigating potential legal issues. Situations where you might need a lawyer include understanding tax obligations, drafting and reviewing contracts, protecting intellectual property rights, and resolving disputes. Additionally, legal assistance can be vital if your business has international aspects, such as foreign partners or investors.

Local Laws Overview:

It's important to comprehend core aspects of local laws for business formation in Tbilisi. These laws stipulate that minimum capital is not required for establishing a Limited Liability Company. A Joint Stock Company, however, requires minimum capital of GEL 30,000 (~$10,000). Importantly, Georgian law offers full protection to investors, both local and foreign, ensuring they receive identical treatment. Moreover, there is no restriction on profit repatriation, whilst taxation is relatively low and straightforward.

Frequently Asked Questions:

What is the process of business registration in Tbilisi?

Businesses can be registered online, at Public Service Halls, or at Community Centres across the country. Online registration requires a digital signature.

Are there special considerations for foreign investors?

Foreign investors are given the same rights and protections as local investors, and there are no restrictions on foreign ownership or profit repatriation.

How long does the business registration process take?

The registration process is typically completed within one day, but the acquisition of permits may extend this period.

What are the tax obligations for businesses in Tbilisi?

Businesses are subject to several taxes, including Corporate Income Tax, Value Added Tax (VAT), and Property Tax. The tax code, however, is considered business-friendly with relatively low rates.

Can a business in Tbilisi be wholly foreign-owned?

Yes, foreign individuals and companies can own 100% of businesses in Georgia.

Additional Resources:

For additional information and guidance on business formation, the National Agency of Public Registry and Revenue Service under Ministry of Finance of Georgia are valuable resources. They offer comprehensive details on business law, registration process, and taxes. Additionally, the Entrepreneurship Development Agency provides support for startups and SMEs, while the Georgian Chamber of Commerce and Industry offers services to assist businesses in various sectors.

Next Steps:

If you require legal assistance with your business formation, it would be beneficial to consult with an experienced local attorney specializing in commercial law. They can provide guidance throughout the process, identify potential legal risks, and ensure compliance with Georgian law. Additionally, it can be wise to reach out to the agencies and organizations mentioned above for practical advice and support.

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.