Does registration in the Economic Activity Registry replace sector-specific authorization for a business in Georgia?

No. Activity registration describes the scope of economic activity. Any required license or permit must also be obtained from the competent authority.

How does a business in Georgia choose the appropriate NACE code for its activities?

The actual business activity is what matters. If the business offers several products or services, its main activity and other significant activities should be reviewed separately.

Which records must a business in Georgia distinguish for activity registration and sector-specific authorization?

The company register extract, the Economic Activity Registry entry, and separate authorization decisions issued by specialist authorities must be distinguished. Each record serves a different purpose.

When must a business in Georgia review its registered activities again?

A new review is required when the business adds products, services, or business areas. Both activity codes and any possible additional authorizations should be checked.

Is a broadly worded company purpose enough for activity registration in Georgia?

No. The appropriate activity code depends on the economic activity actually carried out. General wording does not replace the proper selection of a code or any required sector-specific authorization.

Distinguishing Activity Registration from Sector Authorizations for Businesses in Georgia

Registration in Georgia’s Economic Activity Registry describes the economic activity a business carries out, but does not by itself grant sector-specific authorization. For regulated activities, it is therefore also necessary to determine whether a license, permit, or special registration with a competent authority is required.

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Economic activity is recorded using the appropriate activity description and classification. NACE is a systematic classification of economic activities and helps identify the appropriate code. What matters is the actual business activity, not merely the wording used in the company’s stated purpose. If a business carries out several activities, its main activity and other significant activities should be reviewed separately. Registration provides transparency about the scope of activity, but does not automatically confirm that professional, technical, or personal requirements have been met. Sector-specific authorization is granted by the competent authority under the rules applicable to the particular line of business. Where activity registration is required by law, it must be completed in good time in addition to obtaining any required license or permit. The company register extract, the Economic Activity Registry entry, and official authorization decisions are therefore separate records. If the business model is expanded or changed, activity codes and possible authorization requirements must be reviewed again. The documented review should include the activity, code, competent authority, required approvals, and permitted start of operations.

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