Important information about mandatory re-registration of enterprises
2025-02-07 Author: Nika Vekua
Based on the amendments made to the Georgian Law "On Entrepreneurs", all active enterprises (except for individual entrepreneurs) are obliged to update their registration data. We offer detailed information about this important legislative change.
Obligation to Update Registration
According to the law, enterprises must ensure that their registration data complies with the requirements of the new law by April 1, 2025. This requirement applies to both the enterprise and its branches. The obligation applies to enterprises registered in the Business Registry before January 1, 2022.
Legal Consequences
Failure to fulfill this obligation will result in the following legal consequences:
- Suspension of enterprise registration
- Restriction of representative authority
- Restriction of the right to dispose of enterprise property
- Restriction on participation in tax operations
- Restriction on managing bank accounts and opening new accounts
- Restriction on disposing of funds in bank accounts
- Restriction on the ability to obtain credit
Important Deadlines
- April 1, 2025 - Final deadline for registration update
- January 1, 2026 - The registering authority begins identifying deficient registrations
- After deficiency is established - 3-month period to correct it
- After the 3-month period expires - Possibility of registration cancellation
Registration Update Procedure
To update registration data, the following is required:
- Founders' decision made in accordance with the law
- Decision made with the number of votes established by the charter registered before January 1, 2022
- New founding agreement compliant with the law
- Submission of documentation to the registering authority
Our Legal Services
Our law firm offers qualified assistance in:
- Preparation of registration documentation
- Organization of founders' meetings and preparation of documentation
- Preparation of new founding agreements
- Handling relations with the registering authority
Special Cases
- Individual entrepreneurs are not subject to the obligation to update registration
- Non-entrepreneurial (non-commercial) legal entities are authorized to voluntarily update their registration
- After registration cancellation, if property is discovered, a court may appoint a liquidator
For additional consultation, contact us at 591811588.
Contact the author
Nika Vekua
General Specialization Lawyer
OfflineSpecialization
- Corporate Law and Company Registration
- Immigration Services
- Family Disputes
Working Language
- Georgian
- English
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