ome entities and required by certain authorities due to uncertainty, lack of information, and corruption.
In practice, the entire registration process reportedly takes 2 to 3 weeks. However, it is possible to register a company within few days by means of unofficial payments.
Registration with the Local Court . In accordance with the procedures set forth in the Law on Entrepreneurs, all legal businesses are required to register at the local court that has jurisdiction over the legal address of the enterprise. Further, all registered companies are required to officially record any changes in their registration data.
In order to register an LLC, the following documents must be submitted to a local court:
(1) Application form signed by the founders. Application form must include:
Firm name (firm);
Organizational and legal form;
Location (Legal address);
Subject of the activity;
Information on the start and end of the fiscal year;
For each founder - the family name, first name, date and place of birth, occupation and place of residence of the entrepreneur;
Representative authorities.
(2) Charter (five copies)
(3) Minutes of the foundation meeting
(4) Founder's decision to set up the company
(5) Director's sample of signature
(6) Document confirming the legal address of the company (this may be a lease agreement, a certificate issued by manager of the company that subleases the office space, or notarised consent of the owner of a flat)
(7) Copy of the company founder's passport, if the founder is an individual person; or a registration certificate (eg, extract from the register of enterprises), if the founder is a legal entity. If the founder is a Georgian company, the certificate of the local court should be less than 1 week old.
(8) The amount of the authorized equity capital and the documents confirming payment of at least 50 percent of the equity capital (a certificate from the bank or, for in-kind contributions, an auditor's assessment of its value)
(9) A document confirming payment of the registration fee.
To register a JSC, the decision of the supervisory board to appoint directors is required in addition to the above-listed documents.
The following supporting documents are required to register a branch or a representative office:
(1) Charter of the foreign company
(2) Decision of the foreign company to set up the representative office
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