Business Registration in Tbilisi to Be Completed Within One Day by 2025
In Tbilisi, Georgia, business registration involves a swift procedure with a one-day application process for some cases. As of June 15th, businesses can register their projects on a web page. In this time, over 400 businesses have entered the market, with new ones popping up daily. A whopping 9 out of every 10 businesses are evaluated based on the quality and uniqueness of their projects, with specific consultants poised to judge each project.
A business' success attracts a lot of attention, and it's crucial to ensure that your venture stands out. There are 5 main categories you can register under:
- Unique Product
- Innovative Start-Up
- Positive Social Impact
- Regional Rollover
- Entrepreneurial Frontrunner
Prizes are awarded for the top 3 categories, with competition among potential winners fierce. Depending on your business' tripod stance (Fast, Good, Cheap), you might choose different strategies — be it creating a new website, top-notch branding, or exceptional customer communication.
Registration with Visa serves as the premier partner for businesses in 2025. In charge of the media partnership is a renowned group, Achar Group. Other media partners include Marketer.ge, BMG, On.ge, and Entrepreneur Georgia.
TBC
Enrichment Data:To register a business, you'll need a Company Registration Certificate, which verifies that your business is legitimately registered in Georgia, as well as a Taxpayer Identification Number (TIN) for tax purposes. A Company Charter or Operating Agreement, an application, and consent documents, a company name, legal address in Georgia, ID of shareholders, and a brief business activity description for opening a bank account are also required. You'll also need a legal address, which can be supported by virtual office services, passports of directors and shareholders, local Georgian phone numbers, a legalized power of attorney, and other relevant documents.
Registration is managed by the National Agency of Public Registry under the Ministry of Justice. They evaluate all submitted documents for accuracy and compliance. Registered data are public and must be maintained through timely filing of amendments, financial reports, and disclosures. Non-compliance can lead to suspension or revocation of registration.
Registration categories you can choose from are Individual Entrepreneur (simple registration process and tax regime), Limited Liability Company (separate legal entity, multiple shareholders possible), Branch or Subsidiary of a Foreign Company, and International Company (tailored for foreign businesses with ongoing compliance and legal address services). Each category offers varying levels of liability and suits different types of web projects.
- To optimally position your business in the competitive industry landscape, you might want to consider strategizing based on the tier system of Fast, Good, and Cheap, which could help you focus on creating a unique website, building a strong brand identity, or enhancing customer communication.
- As your venture progresses in the finance sector, it's important to be aware that registration is a crucial step, and to do this, you'll need to prepare and submit a range of documents, including a Company Registration Certificate, a Taxpayer Identification Number, an application, a Company Charter or Operating Agreement, consent documents, a company name, legal address in Georgia, ID of shareholders, and a brief business activity description for opening a bank account.
