Information about Georgia
Introduction
Business Environment
Economic and Political Outline
Selling and Buying
Operating a Business
Investing
Traveling
Change country :
Afghanistan
Albania
Algeria
Andorra
Angola
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia-Herzegovina
Botswana
Brazil
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Central Afr. Rep.
Chad
Chile
China
China
in Arabic
Colombia
Comoros
Congo
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
Dem. Rep. of Congo
Denmark
Djibouti
Dominican Rep.
East-Timor
Ecuador
Egypt
El Salvador
Eq. Guinea
Eritrea
Estonia
Ethiopia
Micronesia
Fiji Islands
Finland
France
France
in Arabic
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Italy
in Arabic
Ivory Coast
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Macedonia (FYROM)
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritanie
Mauritius
Mexico
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nepal
Netherlands
New-Zealand
Nicaragua
Niger
Nigeria
North Korea
Norway
Oman
Pakistan
Palau
Palestine
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
San Marino
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Uganda
Ukraine
UA Emirates
United Kingdom
United States
United States
in Arabic
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe
in Arabic
Colombia
Comoros
Congo
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
Dem. Rep. of Congo
Denmark
Djibouti
Dominican Rep.
East-Timor
Ecuador
Egypt
El Salvador
Eq. Guinea
Eritrea
Estonia
Ethiopia
Micronesia
Fiji Islands
Finland
France
France
in Arabic
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Italy
in Arabic
Ivory Coast
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Macedonia (FYROM)
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritanie
Mauritius
Mexico
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nepal
Netherlands
New-Zealand
Nicaragua
Niger
Nigeria
North Korea
Norway
Oman
Pakistan
Palau
Palestine
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
San Marino
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Uganda
Ukraine
UA Emirates
United Kingdom
United States
United States
in Arabic
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe
Home > Country profiles > Operating a Business
Georgia: Operating a Business
Setting Up a Company | Working Conditions | Cost of Labor | Social Partners
Setting Up a Company
Legal Business Entities
| Types of Companies and Capital (Max/Min) | Number of Partners/Shareholders and Liability |
|
Joint Stock
|
|
|
Limited Liability Company
|
1 to 50 persons Limited to the share held in the capital of the company |
|
General Partnership
|
Unlimited on all the partners' property towards the creditors |
|
Limited Partnership
|
Limited for some partners and unlimited for others |
|
Cooperative
|
|
|
Sole Proprietorship
|
1 |
- The Competent Organization
- The competent organization is the Corporations Division.
| Setting Up a Company | Georgia | Eastern Europe & Central Asia |
| Procedures (number) | 3.0 | 6.3 |
| Time (days) | 3.0 | 16.3 |
Source: Doing Business.
- Business Setup Procedures
-
Consult Doing Business Website, to know about procedures to start a Business in Georgia.
D&B Report Guide, Summary of legal forms and filing requirements.
Working Conditions
- Legal Weekly Duration
- 41 hours
- Retirement Age
- Men: 70, Women: 60.
- Working Contracts
- Further information on the website of the Ministry of Labor .
Cost of Labor
- Minimum Wage
- Between 20 laris (12 USD) and 120 laris (72 USD).
- Average Wage
- The average monthly gross earnings in Georgia is GEL 325 (USD 197).
- Social contributions
-
Social Security Contributions Paid By Employers: The social tax has been abolished and replaced by a doubling of income tax.
Social Security Contributions Paid By Employees: The social tax has been abolished and replaced by a doubling of income tax.
Social Partners
- Social Dialogue and Involvement of Social Partners
- Weak.
- Unions
-
Confederation of Georgian Unions
- Unionization Rate
- 97.5 %
- Labor Regulation Bodies
-
Ministry of Labour, Health and Social Affairs of Georgia
Any Comments About This Content? Report It to Us.
© Export Entreprises SA, All Rights Reserved.
Last Updates: February 2012
