Georgia flag Georgia: Operating a Business in Georgia

Starting a business in Georgia

Legal Forms of Companies

Joint Stock Company (JSC)
Number of partners: One or more partners.
Capital (max/min): GEL 100,000, 25% of which shall be contributed by the respective shareholders immediately upon incorporation.
Shareholders and liability: Limited to its all assets. Shareholders are not liable for obligations of the JSC.
Limited Liability Company
Number of partners: 1 to 50 partners / shareholders.
Capital (max/min): No specific requirements.
Shareholders and liability: Limited to the share held in the capital of the company
General Partnership
Number of partners: One or more partners.
Capital (max/min): No specific requirements.
Shareholders and liability: the obligations of one or several partners towards the creditors of the partnership is limited to their investments into the company (limited partners - Comandits), while the other partners (Complementars) are personally liable for the company debt.
Limited Partnership
Number of partners: One or more partners.
Capital (max/min): No specific requirements.
Shareholders and liability: Limited for some partners and unlimited for others
Cooperative
Number of partners: One or more persons.
Capital (max/min): GEL 100
Sole Proprietorship
Number of partners: One personne
Capital (max/min): No specific requirements.
Shareholders and liability: Unlimited
The Competent Organisation
Registration of companies in Georgia is done through the Entrepreneurial Register.
 
Setting Up a Company Georgia Eastern Europe & Central Asia
Procedures (number) 1.0 5.3
Time (days) 1.0 11.8

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Georgia.
Doing Business in Georgia, Summary of legal forms and filing requirements.

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Latest Update: July 2022

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