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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
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Last Updates: May 2012
