
Following 1991, after
Georgia gained its independence, the
healthcare sector went through several reforms and new policies were enforced to develop this field of activity. Investors who want to
open a company in Georgia in the
healthcare sector should know that, at the moment, the country has
259 hospitals, clinics and medical centers, accounting for
12,000 hospital beds for a population of 3.7 million citizens.
Companies operating in this sector are regulated by the
Law of Georgia on Healthcare and
our team of specialists can provide an in-depth presentation on its stipulations. At the same time, it is important to know that
Georgia is an attractive destination for
clinical trials activities.
Reasons to start a clinical trial business in Georgia
Companies which are involved in
healthcare activities related to
clinical trials can choose
Georgia as their business destination. One of the main reasons for starting
company formation process in Georgia in this field of activity refers to the
short timeframe in which such businesses can start their activities, which is generally estimated at
less than two months.
In order to start a healthcare business in Georgia, the company’s representatives will need an approval issued by the local Ethics Committee, which must be provided prior to obtaining an approval from the State Regulation Agency for Medical Activities.
Such
companies are exempt from obtaining an
import-export license for specific products (
study of drugs or biological samples). However, the registration of this
type of company requires to complete an
insurance contract for medical trials, which can be obtained from one of the
local insurance companies.
Our team of consultants in company registration in Georgia can offer more details on the above mentioned aspects.
Law on healthcare in Georgia
Healthcare companies in Georgia have to obtain an authorization for their operations on the local market, regardless of their specific business activities. As per
Article 23 of the Law of Georgia on Healthcare,
medical personnel has to receive a
certificate which stipulates that the respective party can engage in
independent medical practice in a specific field of
healthcare, this being a compulsory requirement when applying for
employment in a healthcare institution.
Comments
Franceska 2017-12-19
Hello, interesting article! I would like to find out more details on the laws related to medical trials, the sector is heavily regulated as a general rule in most of the countries and I want to know more on the registration requirements. Good day!