Doing Business in Georgia

Georgian law (Law on Entrepreneurship) defines 6 types of entrepreneurial entities:

- Joint Stock Company (JSC)
- Limited Liability Company (LLC)
- Special (Commandite) Partnership (CP)
- Joint Liability Partnership (JLP)
- Cooperative (CO)
- Sole Proprietor (SP)

The first five are legal entities. The Sole Proprietor in business dealings acts as a physical (natural) entity.

Any enterprise, except Cooperative, having more than 50 partners (owners) has to be formed as Joint Stock Company.

Enterprises are registered by local tax administrations, in the district where the business is located. Registration takes the form of entry in the Entrepreneurial Register, whose records are public – anyone may access the data held in the Register and obtain the abstracts from there. The unified Entrepreneurial Register is maintained by the Tax Department of the Ministry of Finance of Georgia.