(3)
Document certifying the solvency of the foreign investor (eg, a letter from a foreign bank or a foreign tax service) (4) Bylaws of the representative office.
All registration documents must be submitted in the Georgian language and must be notarized. Foreign documents must be certified by an apostille [21] or undergo a procedure of legalization and be translated by a certified translator.
According to the law, the courts are required to process registration applications within 7 days. Registration of amendments to a charter or any other changes to entries are to be processed within 7 days. No official expedited service is available, but reportedly registration can be performed in 1 day if the court registrar has the time and if an additional unofficial payment is made (roughly 100-400 GEL). Box II.2 provides a summary of the official registration fees.
A company receives a court resolution when the company is registered. The law on entrepreneurs provides automatic registration by default if the court fails to respond within 7 days.
If a company changes its legal address to an address that falls within the jurisdiction of another local court, the company is not required to change its court registration and its registration file stays at the initial court of registration. However, the company must re-register with the local tax office that has jurisdiction over the new legal address.
Registration Fees . Registration fees are determined by the company's legal form. The court stamp duty is currently $ 180 to register a JSC, $ 80 to register a LLC, $ 90 to register a branch of a JSC, and $ 40 to register a branch of a LLC. Fees for registering changes to entries are half of the fee for registering the respective type of company (ie $ 40 to register changes for an LLC and $ 90 for a JSC).
All the payments charged for notarization of an enterprise's charter are different in each case and depend on the amount of the authorized capital. The percentage of the amount to be paid is reduced with the increase of the authorized capital and ranges from 3 to 0.05 per cent of the authorized capital. The charge must not be less than GEL 25 and must not be more than GEL 50. It should be noted that a 20% VAT is added to the sum charged for the notarization.
Peripheral services can be provided by private lawyers and related professionals at additional cost. Lawyer charge in the range of $ 300-600 to draft a company's charter and to provide advice. A notary public typically charges about $ 30 to certify the documents and about $ 2 per page to certify copies of the documents.
Taxation Department Registration . In accordance with the Cabinet of Ministe...
