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Corporate & Labour Law in Georgia

Georgia is ranked by World Bank as 8th Country in the world for Ease of Doing Business. Georgia’s legal and financial system provides an excellent structure for establishing a company and holding company. Minimal or no exposure to taxation in Georgia creates an efficient exit route for repatriation of profits. The most commonly used business entity in Georgia is a limited liability company. LLC in Georgia might be used for any activities which are not restricted by law.
Our team of corporate lawyers can help a client create, organize or dissolve a business entity. To form a company (LLC or PLC), Georgian attorneys draft articles of incorporation, the document for the creation of the company and specify the management of internal affairs in accordance with Georgian Law and International standards. Our Corporate lawyers also deal with business entities in the forms of partnerships, limited liability companies, limited liability partnerships and business trusts; and each form has its own set of legal rights and responsibilities, organizational structure and tax burdens. Our English, Russian, Georgian, French, Czech, Italian Speaking Attorneys help clients decide which of these legal forms is best suited for the business they want to run and the relationships the principals want to build with each other. Our corporate lawyer helps a client form a company might later be called upon for other legal advice related to the start-up or management of the business, like drafting employment contracts, nondisclosure and other agreements, our team of attorneys will evaluate your case, consulate and advice you on the rights and responsibilities of corporate directors and officers.

More specifically, our corporate lawyers provide:

Reviewing, drafting, and negotiating legally-binding agreements on behalf of the corporation, which could involve everything from lease agreements to multi-billion dollar acquisitions in Georgia, Tbilisi. 
Mergers and acquisitions (M&A)
Conducting due diligence in Goergia, negotiating, drafting, and generally overseeing "deals" that involve a corporation "merging" with another company or "acquiring" (purchasing) another company in Goergia, Tbilisi. 
Corporate governance
Helping clients create the framework for how a firm is directed and controlled, such as by drafting articles of incorporation, creating bylaws, advising corporate directors and officers on their rights and responsibilities, and other policies used to manage the company
Advising clients on securities law compliance, which involves the complex regulations aimed at preventing fraud, insider training, and market manipulation, as well as promoting transparency, within publicly-traded companies
Consulting clients when forming a business, when closing a business, and when problems arise, at the very least.
Representation And Assistance
Public Authorities (LEPL Public Service Hall, Public Registry, Revenue Service, Business Ombudsmen) Administrative courts, Commercial Banks

Employment Law in Georgia

In Georgia, the Labour Code regulates labour issues and related matters. Foreign employees are not required to have work permits and/or residency permits in order to be employed in Georgia. Since 2015, local employers of foreign workers are now under an obligation to notify the Social Services Agency of such employment within 30 days. The relevant labour agreement must also be delivered to the respective authority. There are special requirements applicable to a labour agreement with a foreign national. In particular, it needs to contain:
  • Extensive identification data of the employee and the employer.
  • Definite terms of the employment (and a Georgian legal translation  (if concluded in another language)
A labour agreement must be in writing, if the employment will last for more than three months. The essential terms of a labour agreement must include the following:
  • Date of work commencement and the duration of employment.
  • Hours of work.
  • Details of the workplace.
  • Position and type of work to be performed.
  • Amount of remuneration and the payment procedure.
  • Procedure of compensating for overtime.
  • Duration of paid and unpaid leaves of absence and the procedure for granting leaves of absence.
Mass layoffs are allowed when economic, technological, or organisational changes require the downsizing of the company.  The labour agreement cannot be terminated without an objective reason justifying such termination.  Our team of lawyers can assist you in the process of the communication with Social Service Agency and other governmental bodies. We will evaluate your labour contract and give you legal advices, also provide legal translation. At a very least stage, represent you in Courts.

If you wish to speak to one of our Georgian lawyers then contact us to get help with your case.

For more information or to start your company formation process, please contact us at info@lawyers.ge or contact us through following Contac Form: