General partnership (joint liability society)Georgia
What it takes to form, own and run a general partnership in Georgia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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are personally liable to creditors, without limitation, for the obligations of the company as joint and several debtors
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
- A notary
- Not required
- A resident director
- Not stated
The registry’s and the law’s own pages do not mention it.
- Paying up the capital
- The Law sets no amount to be paid in: contributions are made on the procedure and within the timeframe set by law and the statute (Art. 24(1)); a partner who undertook to contribute under the statute and fails to do so in time can be expelled by the other partners (Art. 96(1)).
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Contributions shall be made according to the procedure and within the timeframe established by law and the statute in question.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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A general partnership shall have at least two partners.
- A local company secretary
- Not required
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The bodies of a company are: a general meeting, a management body and a supervisory board, if the establishment of the latter is provided for by law or the statute.
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Small exempt
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except for statements of enterprises of the fourth category
- Audit for a small company
- Not required
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Enterprises of the third and the fourth categories and non-entrepreneurial (non-commercial) legal persons shall be released from the obligation of conducting audits of financial statements
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the General partnership (joint liability society) are in our records.
What is public
- Shareholders
- Public
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Only a partner/founder of a general partnership, a limited partnership and a limited liability company shall be registered with the Registry.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
On distribution · 0% retained+1 regime
A company is a legal person under Art. 2(4) of the Law on Entrepreneurs, so it is a resident enterprise taxed on distributed profit (Tax Code Art. 97(1)(a)) at the statutory 15% rate.
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A company is a legal person.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- Free Industrial Zone Enterprise free zone · 100% exempt
Companies established under the Law of Georgia on Free Industrial Zones, on profit from business permitted within the zone Tax Code of Georgia, Article 99(m)
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Georgia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Winding-up by unanimous decision of all partners, then registration of the winding-up with the registry
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in other cases, such decision shall be made unanimously by all partners.
- Statutory fee
- GEL 200
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including reorganization of a company, winding-up of a company, extension of functioning of a wound-up company
Every business in Georgia
VAT
- Standard rate
- 18%
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The VAT rate shall be 18%.
- Registration threshold
- GEL 100,000
VAT taxable transactions of supplying goods/providing services; any 12 consecutive calendar months
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from the day when he/she exceeds the total amount of GEL 100 000 for VAT taxable transactions of supplying goods/providing services carried out during any 12 consecutive calendar months
- Voluntary registration
- Yes
A person may register voluntarily as a VAT taxpayer, and is then treated as a VAT taxpayer from the day of applying, but not later than the period allowed for compulsory registration.
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A person may voluntarily get registered as a VAT taxpayer.
- A foreign company
- The same threshold applies
The GEL 100,000 threshold is set for a taxable person generally; a taxable person with a fixed establishment in Georgia instead registers from the first supply. A service supplied in Georgia by a person not established there is subject to reverse charge, so the Georgian recipient accounts for the VAT.
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Irrespective of the requirements of paragraphs 1 and 2 of this article, the obligation of a taxable person, who has a fixed establishment in Georgia, to calculate and pay the VAT shall arise from the moment of providing services/supplying goods
- Returns filed
- Monthly
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The VAT accounting period shall be a calendar month.
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
1 service names Georgia on its own list: Paysera. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- General partnership (joint liability society)
- Identifier
- GE-GENERAL-PARTNERSHIPA form ISO 20275 does not list.