Kutaisi is the second largest city in Georgia, which accommodates approximately 27% of the country’s entire population. Those who want to open a company in Georgia in the city of Kutaisi may start their operations in one of the top economic activities developed here, which are mainly comprised of the services and trade sectors.
Other industries which are very well represented in Kutaisi are heavy and light industry, as well as the food processing industry. Our team of specialists in company formation in Georgia can advise on the procedures that are to be performed when registering a legal entity in Kutaisi, and can assist investors in obtaining the business permits required for a specific activity.
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Procedures for opening a business in Kutaisi, Georgia
As a foreign businessman, it is advisable to receive assistance on the procedure of company registration in Georgia from a team of professionals, who can ease the steps related to the incorporation of a new business. Some of the main aspects that should first be decided prior to opening a business in Kutaisi are the type of legal entity for the future business and the company’s trading name.
The trading name has to respect certain criteria in order to be valid on the Georgian territory and our team of consultants can assist with in-depth advice on this matter.
Our agents may also advise on the most suitable business forms the investors can register here. The Georgian legislation prescribes the following types of companies:
• individual entrepreneur;
• cooperative;
• limited partnership;
• general partnership;
• joint stock company.
Registering a corporate bank account in Kutaisi, Georgia
Further on, the investors will need to open a corporate bank account at a local bank in Georgia. It will be necessary to deposit the minimum share capital, depending on the business form chosen for registration.
The bank will require specific company documents, and they can vary depending on the place in which the company was incorporated. Local companies will need to provide the following:
• application form;
• a signature sample of the company’s representatives;
• identification documents of the company’s founders;
• an extract issued by the Business Register.
The procedures mentioned above represent just a part of the incorporation steps that have to be followed here and investors may contact our team of representatives in company formation in Georgia for more details.
Please contact us for more details on how to start a company in Georgia. Our consultants can offer legal representation in the basic incorporation formalities, but you can also rely on us for tax registration and employment registration.
Of course, our consultants are ready to help you in obtaining special permits and licenses, and in any particular matter that can appear along the way.
Our services are available not only during the registration procedure, we can provide various legal services throughout the entire financial year, and you can rely on us for accounting services as well.
These are available through our professional accountants in Georgia, who can offer tailored accounting services in accordance with the type of business you carry out here.