Before the restructuring, the company should prepare a complete inventory of all licences, permits, registrations and official recognitions. For each permit, record the holder, authorised activity, location, validity period, conditions and competent authority. In a change of legal form, the same company generally remains in existence, but the new legal form or changed company details may need to be reported. In a merger or division, separately assess whether the operating permit can pass to the legal successor. Permits tied to a person, location or activity may require prior approval, an amendment or a new application. Changes to management, responsible technical staff or technical equipment may also affect whether a permit remains valid. Before the effective date, the competent authority should confirm what steps and supporting evidence are required for the specific permit. If a new permit is needed, its timing must be planned to prevent the activity from continuing without authorisation. After the reorganisation, check that the permits, register details, business addresses and responsible persons are consistent. Keep notices to the authorities, approvals and amended permits on file together with the existing authorisation.
Continuation of Business Permits After a Company Reorganisation in Georgia
Whether business permits remain valid after a company reorganisation in Georgia depends on the type of reorganisation and the rules governing each permit. A change of legal form, merger or division must therefore not be treated as automatically transferring all licences.
VivAVia can make mistakes. Check important information.