Ease of Doing Business in


Georgia Download Profile (1878.8KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 3,679,000
GNI Per Capita (US$) 4,160
City covered Tbilisi



DB 2017 Rank



DB 2017 DTF (% points)

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Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 16 23 up
80.20 77.72 down
Starting a Business 8 10 up
96.13 96.04 up
Dealing with Construction Permits 8 9 up
82.84 82.77 up
Getting Electricity 39 65 up
82.73 76.15 up
Registering Property 3 3
92.85 91.16 up
Getting Credit 7 7
85.00 85.00
Protecting Minority Investors 7 22 up
76.67 68.33 up
Paying Taxes 22 35 up
87.43 83.75 up
Trading across Borders 54 62 up
85.15 80.59 up
Enforcing Contracts 16 17 up
73.21 73.21
Resolving Insolvency 106 101 down
40.02 40.24 down

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 8

DB 2016 Rank: 10

Change in Rank: up2

DB 2017 DTF (% points): 96.13

DB 2016 DTF (% points): 96.04

Change in DTF (% points): up0.09

Indicator Georgia Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 3.0 4.9 4.8
Time – Men (days) info_outline 3.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 2.4 4.7 3.1
Procedure – Women (number) info_outline 3.0 4.9 4.8
Time – Women (days) info_outline 3.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 2.4 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 4.0 9.2
No. Procedure Time to Complete Associated Costs

Register the company with the Entrepreneurial Register and obtain an identification number and certificate of state and tax registration

Agency: NAPR

Statutorily, the registration process of the LLC shall commence once the applicant submits the following documents:
(a) Application for Registration and
(b) Document evidencing payment of a registration fee. The application must be signed by all founding partners of the company. The information contained in the application may be included in the charter of the company or partners' agreement (in this case no separate application shall be required). The application (or charter/partners agreement) need to be executed before a public notary. In addition, though not specifically required by law, in accordance with the registration instruction, the applicant must submit a document confirming lawful occupation of the premises to be used as a legal address of the company (lease agreement) and the written consent of the appointed director (manager) to serve on this position. A signature sample may also be accepted instead of the said consent.

Submission of application for registration may be carried out by one of the founding partners of the Company (in which case the documents must be certified by notary preliminarily), the appointed director or by a person appointed by the partner (or partners) by virtue of a duly issued and certified power of attorney. In such cases as well, all documents to be submitted to the registration agency must be certified by notary preliminarily (i.e. execution of the documents in the registration agency itself is not an option).

According to the amendment on registration of a company NAPR requires companies to provide e-mail and alternative address, which differs from company's legal address, in order to simplify formal contact with the company (e.g.: for Revenue Service, administrative agencies, Courts, creditors, etc.). This regulation is mandatory upon initial registration of a company, as well as for registration of changes in constituent documents.

Georgian legislation provides for a possibility to open a bank account while registering the company at NAPR.
1 day GEL 100 (regular registration) or GEL 200 (expedited registration) + GEL 1 (bank charges)

Open a bank account and pay registration fees

Agency: Commercial Bank

Since January 2011, NAPR offers the option to open a bank account with a selected group of banks. It currently locates 3 major bank branches in the same building offering the customers the convenience to open a bank account at the time of company registration.
1 day no charge

Registration for VAT

Agency: Revenue Service under Ministry of Finance of Georgia

According to Article 157 of the Tax Code of Georgia, “A person/entity, which carries out an economic activity and the total amount of VAT taxable transactions carried out in any continuous period up to 12 calendar months exceeds GEL 100 000”, shall apply for a VAT registration to Revenue Service under Ministry of Finance of Georgia. A company can also perform voluntary registration.
In both cases, the company representative makes an application with the request to register the company as a VAT taxpayer. The application is made at the Revenue Service territorial service center. The applicant is considered as a VAT taxpayer from the moment of a such request. VAT taxpayer number in Georgia is the same as the Identification Number of the company, which is obtained while registering the company with the NAPR.
1 day no charge