Doing Business with Georgia

A comprehensive guide to doing business, exporting, investing, and manufacturing in Georgia.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Invest In Georgia

Tel: +995 322 960 010
Email: info@enterprise.gov.ge
Web: www.investingeorgia.org

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Georgian Revenue Service

Tel: +995 322 299 299
Email: info@rs.ge
Web: www.rs.ge

National Chamber of Commerce

Georgian Chamber of Commerce and Industry

Tel: +995 555 005 535
Email: info@gcci.ge
Web: www.gcci.ge

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Economy and Sustainable Development of Georgia

Phone: +995 322 991 111
Email:
ministry@moesd.gov.ge
Web: www.economy.ge

  • Type of Government: Unitary parliamentary republic
  • Population: Approximately 3.7 million
  • GDP: Around $20 billion USD
  • Corporate Tax Rate: 15%
  • Personal Income Tax Rate: 20%
  • Major Exports: Vehicles, ferroalloys, fertilizers
  • Major Imports: Vehicles, petroleum, machinery

 

Exporting to Georgia involves several steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand Georgia’s import regulations and standards for your product.
    • Check for any product-specific certifications needed.
  2. Find Local Partners

    • Establish relationships with local distributors or agents in Georgia.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
    • Ensure compliance with Georgian labeling and packaging requirements.
  4. Arrange Logistics and Shipping

    • Choose a reliable shipping company experienced with exports to Georgia.
    • Ensure accurate completion of shipping documents, such as bills of lading.
  5. Customs Declaration

    • Work with a customs broker to facilitate the clearance process.
    • Pay any necessary duties and taxes.
  6. Understand Duties and Taxes

    • Familiarize yourself with Georgia’s duties and taxes applicable to your goods.
  7. Distribution and Sales

    • Establish distribution channels within Georgia.
    • Consider partnerships with local businesses for effective market penetration.

Key Contacts

Importing goods into Georgia involves several key steps. Here’s a detailed guide:

  1. Verify Import Regulations

    • Ensure your goods comply with Georgia’s import regulations.
    • Check if your products require special permits or certifications.
  2. Classify Your Goods

    • Determine the correct tariff classification for your products.
  3. Obtain Necessary Licenses

    • Apply for any required import licenses or permits.
  4. Prepare Import Documentation

    • Necessary documents include commercial invoices, packing lists, and certificates of origin.
  5. Arrange Shipping and Logistics

    • Choose a reliable logistics provider experienced with imports to Georgia.
    • Ensure proper packaging and labeling of goods.
  6. Customs Declaration

    • Submit a customs declaration to the Georgian customs authorities.
    • Pay any applicable duties and taxes.
  7. Customs Clearance

    • Work with a customs broker to facilitate clearance if needed.
    • Ensure compliance with all import requirements.
  8. Receive Goods

    • Coordinate with your logistics provider to receive and inspect goods upon arrival.

Key Contacts

Incorporating a company in Georgia involves several steps. Here’s a comprehensive guide:

  1. Choose a Company Structure

    • Decide on the type of company (e.g., Limited Liability Company, Joint Stock Company).
  2. Reserve a Company Name

    • Ensure the name is unique and compliant with Georgian naming regulations.
    • Verify availability with the National Agency of Public Registry.
  3. Prepare Incorporation Documents

    • Draft the company’s charter and other necessary documents.
    • Include details of shareholders and directors.
  4. Register the Company

    • Submit the registration application to the National Agency of Public Registry.
    • Include necessary documents and fees.
  5. Obtain a Tax Identification Number

    • Register for taxes with the Revenue Service of Georgia.
  6. Open a Bank Account

    • Open a corporate bank account in Georgia.
  7. Obtain Necessary Permits and Licenses

    • Apply for any industry-specific licenses or permits as required.

Costs

  • Registration Fees: Vary based on company type and capital.
  • Additional Fees: May include notary and publication fees.

Key Contacts

Setting up a manufacturing plant in Georgia involves several key steps. Here’s a detailed guide:

  1. Conduct Market Research

    • Analyze local demand and industry trends.
    • Evaluate competitors and supply chain logistics.
  2. Choose a Suitable Location

    • Identify industrial zones with necessary infrastructure.
    • Contact local municipalities for available sites.
  3. Understand Legal Requirements

    • Familiarize yourself with Georgian regulations, including environmental and safety standards.
  4. Develop a Business Plan

    • Prepare a detailed proposal outlining your investment, objectives, and operations.
    • Include financial projections and environmental impact assessments.
  5. Register the Business

    • Register your company with the National Agency of Public Registry.
    • Obtain necessary licenses and permits for manufacturing.
  6. Secure Financing

    • Explore funding options through banks or investment agencies.
    • Consider government incentives for manufacturing.
  7. Design and Construct the Facility

    • Hire architects and contractors familiar with local regulations.
    • Ensure compliance with building codes and safety standards.
  8. Install Equipment and Machinery

    • Import necessary machinery, ensuring compliance with local regulations.
    • Coordinate with customs for smooth importation.
  9. Obtain Necessary Permits and Licenses

    • Apply for industry-specific licenses and permits.
    • Ensure compliance with health and safety regulations.
  10. Recruit and Train Staff

    • Hire local talent and provide necessary training.
    • Work with employment agencies for assistance.
  11. Begin Operations

    • Ensure all systems are in place and test the production line.
    • Implement quality control measures.

Key Contacts

Registering a trademark in Georgia involves several steps. Here’s a comprehensive guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique and not already registered.
    • Use the Sakpatenti database for a preliminary search.
  2. Prepare Your Application

    • Include details such as the trademark design, classification of goods/services, and applicant information.
  3. Submit Your Application

    • File the application with the National Intellectual Property Center of Georgia (Sakpatenti).
    • You can apply online or in person.
  4. Pay the Application Fee

    • Fees vary based on the number of classes and services; confirm with Sakpatenti.
  5. Examination Process

    • The office reviews the application for compliance and potential conflicts.
    • Respond promptly to any objections or additional information requests.
  6. Publication and Opposition

    • If approved, the trademark is published for opposition. There is a period for third parties to challenge the registration.
  7. Registration and Certification

    • If no oppositions arise, the trademark is registered. You will receive a certificate of registration.
  8. Maintain and Renew the Trademark

    • Trademarks are valid for a specific period and can be renewed. Submit renewal applications before expiry to maintain protection.

Costs

  • Application Fees: Vary based on the number of classes and specifics of the application. Check with Sakpatenti for detailed pricing.

Key Contacts

  • National Intellectual Property Center of Georgia (Sakpatenti)

Resolving commercial disputes in Georgia involves several key steps. Here’s a guide on the process:

  1. Attempt Negotiation

    • Begin by negotiating directly with the other party to find an amicable solution.
  2. Mediation

    • Engage a mediator to facilitate discussions.
    • Mediation is often quicker and less formal than court proceedings.
  3. Arbitration

    • Consider arbitration for a private and binding resolution.
    • Provides a structured approach with enforceable decisions.
  4. Seek Legal Advice

    • Consult with a lawyer specializing in commercial law for guidance on your case.
  5. File a Lawsuit

    • If other methods fail, file a lawsuit in the appropriate commercial court.
    • Prepare necessary documentation and evidence.
  6. Court Proceedings

    • Attend hearings and present your case.
    • Follow the legal procedures as guided by your attorney.
  7. Judgment and Enforcement

    • If a judgment is made, ensure its enforcement through legal channels.

Costs

  • Mediation and Arbitration Fees: Vary depending on the service provider.
  • Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
  • Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

When considering doing business in Georgia, it’s important to understand various influential factors. Here’s an overview:

Social and Cultural Factors

  • Language and Communication
    • Georgian is the official language; English and Russian are also widely spoken in business contexts.
    • Building relationships and understanding cultural norms are crucial.
  • Business Etiquette
    • Formal greetings and respect for hierarchy are valued.
    • Establishing trust and personal connections is important.

Political Environment

  • Government Structure
    • Georgia is a unitary parliamentary republic.
    • The political environment is generally stable, with ongoing reforms to support business development.
  • Regulatory Environment
    • Transparent regulations aimed at attracting foreign investment.
    • Business-friendly policies are in place.

Economic and Foreign Exchange Factors

  • Currency
    • The official currency is the Georgian Lari (GEL).
    • Exchange rates can fluctuate, so monitoring is important.
  • Investment Climate
    • Opportunities in tourism, agriculture, and technology sectors.
    • Government incentives for foreign investors, particularly in free industrial zones.

Rule of Law

  • Legal System
    • Based on civil law; improvements in judicial independence and transparency.
    • Protection of property rights and contracts is generally reliable.
  • Intellectual Property
    • Robust IP laws; enforcement continues to improve.

Infrastructure

  • Transportation and Logistics
    • Developing infrastructure with investments in roads, railways, and ports.
    • Internet and telecommunications are improving rapidly.

Relevant URLs

Our Members Include Leading Organizations in Georgia

Ask our Experts on Doing Business in/with Georgia

If you’re looking to do business or invest in Georgia, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.