
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 legislation, which imposes such documents for approximately
30 business activities.
Our team of specialists in company formation in Georgia can offer in-depth assistance on legislation regulating this corporate matter.
Legislation on permits and licenses in Georgia
The
legislation referring to
special permits and licenses in Georgia was modified in 2005, when the local authorities created a
new legal framework for the
types of permits and the manner in which they can be obtained by businessmen,
simplifying the former procedure.
The 2005 Law of Georgia on Licenses and Permits reduced the number of required permits by 84% and, at the moment, there are only 86 licenses and 50 permits available for businesses registered here.
Businessmen who want to
open a company in Georgia should know that most of the
Georgian permits and licenses are generally prescribed for the following situations:
• safety and health protection;
• security of living conditions;
• protection of state and public interest.
Procedure for obtaining Georgian permits and licenses
In order to further improve the
business environment in Georgia, the local government established new rules for the
issuance of permits, under the
one-stop-shop principle. Through this, the
institution that should provide a
business license can
collect information on the company from other relevant agencies. The
issuing institution has to provide an
administrative act on granting the respective document in a
period of 30 days after the
requesting company sent the
application form.
Businessmen can receive in-depth assistance on other procedures involved in this case from
our agents. Please
contact our team of consultants in company formation in Georgia for tailored advice on a specific
business permit a legal entity may need.