Updating Registered Business Activities in Georgia

A company should review its entries in the activity register whenever it starts a new economic activity, discontinues an existing activity, or substantially changes its business model. The NACE code assigns the actual business activity to an economic classification. If the existing code no longer matches the services offered, an appropriate code should be selected and the activity updated accordingly. If the company carries out several activities, it may need to register other activities it actually performs in addition to its principal activity. If only the company's focus changes, it should check whether its principal activity needs to be reassigned. Changes to operating details can also require an update, for example if an activity moves to another location or a business site closes. Updating an activity does not replace any additional licence or permit required for a regulated business. Contracts, invoices, service descriptions, and business operations help establish the current activity in a verifiable way. After the change, the registered details should be checked and the supporting documents retained.