Home Company Formation What are the main regulations related to company formation in Georgia?

What are the main regulations related to company formation in Georgia?

by ads.georgialegalservice
Tbilisi, Georgia What are the main regulations related to company formation?

Main regulations related to company formation in Georgia: The registration of a company in Georgia is performed following the rules and regulations imposed by the Georgian law, and the Law on Assistance and Guarantees for foreign investments. These rules of law prescribe the manner in which new businesses are set up here. For example, the documents which are necessary for the registration procedure have to be translated into the local language.

Moreover, foreign investors interested in setting up a company in Georgia have to notarize the company’s documents at a public notary. Furthermore, the documents have to be legalized in the country in which the foreign shareholders are residents, in accordance with the provisions set up by the Hague Convention.

Those who want to register a limited liability company must know that they have to be present in the country during the incorporation procedure, for legal matters concerning the notarial aspects or to submit the requested documents to relevant authorities. Another important aspect refers to the duration of the incorporation process. Businessmen should know that the procedure can be performed in a maximum of one week.

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