Preparing the Business Structure and Registration in Georgia

The legal form should suit the actual business venture. Key considerations include personal liability, the number and roles of the participants, decision-making rights, raising capital, administrative burden and the company’s planned development. Working alone does not require a particular legal form, and not every growing business needs to incorporate from the outset. For an Individual Entrepreneur (IE), the focus is on the individual’s registration and the entrepreneur’s direct responsibility. A company, by contrast, has its own ownership, management and representation rules. In addition to a Limited Liability Company (LLC), other company forms may be considered when the investor group, personal involvement or shared purpose calls for a different structure. Before filing, determine the company name, business address, business purpose, contact details and authorized representatives. For a company, details of its members, ownership interests, management and internal decision-making rules are also required. All registry information must match the formation documents, identity documents and signatures. Depending on the structure, foreign founders may need additional identity, representation or company documents from abroad. In the case of a branch, the foreign company remains the relevant legal entity; its existence and representation, as well as the authority of the Georgian branch representative, must therefore be documented. Before filing, clarify whether foreign documents can be used, what language they must be in and whether they require certification. The NAPR application should be filed only once the applicant, registry information, formation documents required for the chosen legal form and selected method of certification are consistent. Decide in advance how to file, which processing option to request and what fees apply. After registration, check the registry extract for the name, address, legal form, ownership and representation details. Registration alone does not resolve tax, licensing or accounting matters. These must be prepared separately to suit the chosen legal form and planned activity.