An SPV company is beneficial for those looking for asset protection and financial risk minimization. The process of opening an SPV in Georgia is relatively straightforward and includes registering a company and complying with local regulations and tax laws. The SPV has a distinct legal personality and its obligation and…
Individuals or entities can appoint a fiscal representative in Georgia who can participate in tax matters on their behalf. This representative will handle various tax-related matters such as: filing VAT returns, communicating with tax authorities, and ensuring compliance with Georgian tax laws. Our company formation specialists in Georgia will explain…
Investors looking to start a company in Georgia can choose to set up a joint stock company if they intend to perform large business operations. Opening a joint stock company in Georgia offers several advantages, including the ability to raise funds from the public through stock exchanges, limited liability for…
If you own a particular type of IT company set up in Georgia and you have international clients you might profit from a special tax status. This particular status is regulated by Ordinance No4064-RS (15 December 2010) of the Government of Georgia, named "Law of Georgia on Information Technology Zones''.…
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…
Through positive government regulations addressed to the business market, Georgia is now one of the most preferred investment destinations in its region. Investors who want to open a company in Georgia can benefit from numerous incentives in a country which ranked on the 16th place for the ease of doing business in the latest edition of…
The EORI refers to the procedure for Economic Operators Registration and Identification, introduced under the regulations of the European Union (EU). The EORI system was introduced for safety measures related to the goods and products traded inside the EU. Investors who want to open a company in Georgia performing trading activities on the EU’s market will need an EORI number assigned by a customs authority…
A legal entity performing business activities on the Georgian territory will need to obtain a business license in Georgia issued by the relevant authorities, depending on the specific activities of the respective company. During the procedure of company formation in Georgia, investors have to verify what types of permits are necessary to conduct certain operations, as prescribed by the local…
The fast moving consumer goods (FMGC) sector in Georgia is a developed field of activity, mainly comprised of grocery and non-grocery companies. Investors who are interested in starting the procedure of company registration in Georgia in the FMCG field should take into consideration that the grocery sub-sector is the most developed one, as numerous companies expand their activities due to the local…
Prior to opening a shop in Georgia, the company’s representatives should take care of specific aspects related to the identity of the shop, the business licenses that might be required, the legal documents that must be concluded and other relevant matters. In order to open a company in Georgia which performs business activities as a shop, the investors will…
