The Ministry of Justice in Georgia is ruling the activities of the National Agency of the Public Registry, established on the basis of the Law of Georgia on State Registry adopted on June 1, 2004. The Public Registry is responsible for the registration functions of addressing and tax service (front office), official property restrictions, tax lien on property, movable and immovable property, entrepreneurs and non-entrepreneurs (non-commercial) legal persons, geodesy and cartography. The main ideas that sit on the foundation of a centralized registration system are the coordinated activity with customers and partners and the coordination of the registry and databases.
Every legal entity must be registered at the National Agency of the Public Registry. The registration is made based on the company’s charter or the shareholders’ agreement (where are stipulated the company’s way of management and organization). The charter must only be presented at the Public Registry. After recording it, the Agency is returning it to the company.
The foreign companies must also be registered, based on legalized, translated and notarized documents.
Along with the company’s charter or shareholders’ agreement, the company must also present the proof of payment of the registration fee.
The legal entities that must register at the National Agency of the Public Registry are the following:
- joint stock companies,
- limited liability companies,
- general partnerships,
- limited partnerships,
- individual entrepreneurs.
The information registered in the National Agency of the Public Registry of Georgia may be checked online, through the Public Service Hall.
The information may be requested on the basis of a standard application (filled in front of the officer) and an ID copy. Also a fee payment is requested. This fee depends on the number of days allowed to release the information. Usually the longest term is four days.
The information regarding the registration of the companies is public, but in certain cases, there are some information considered confidential, such as the state secrets or personal information considered confidential by the Georgian legislation.
The foreign investors who want more information about the Public Registry may contact our company formation agents in Georgia.