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.
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.