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…
What are the main procedures that involve costs for opening a Georgian company? Foreign investors who want to open a company in Georgia will need to pay specific incorporation costs and fees, imposed by the local authorities that will issue various certificates and licenses. The investors will also need to open a corporate bank…
Rustavi is one of the main cities in Georgia and the second largest industrial center after the capital city of the country, Tbilisi. Those who want to open a company in Georgia in Rustavi should know that the city is very close to the capital, the distance between the two being of only 25 km. Rustavi has more than 100,000…
With an economic growth estimated at 4.2% for 2018 (up from the previous year) and numerous policies addressed to the business sector, Georgia represents an attractive destination for setting up a company. Batumi, the second largest city of the country, is an appealing destination for starting the procedure of company formation in Georgia, especially in the tourism sector. The incorporation of…
Foreign businessmen can open a company in Georgia in the capital city of the country, Tbilisi. The city is the main driver for the country’s economy, as most of the business activities are carried out here. At the level of 2017, 72.6% of the country’s turnover derived from business operations developed in Tbilisi and it is important to know that in…
Investors who plan to start a business in Georgia will need the services of accountants in Georgia to conduct various financial procedures once they start operating the company in this country. The accounting requirements vary depending on the business form that was selected for incorporation. Still, it must be observed that in the case of simpler business structures,…
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 special permits and licenses issued by the relevant authorities, depending on the specific activities of the respective company. During the procedure of company formation in Georgia, the 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…
