Personal Data Protection: Your Rights and Obligations
The Law of Georgia on Personal Data Protection establishes standards that must be observed by both private companies and state agencies when processing personal information.
Offices
Georgia 
Business and Corporate Law
For businesses operating in Georgia, a solid understanding of business law and corporate law is critical for ensuring legal compliance, operational efficiency, and long-term growth. These legal frameworks provide the foundation for starting, managing, and expanding businesses while protecting the interests of owners, investors, and employees.
Whether you’re launching a startup or managing an established enterprise, aligning your business operations with Georgian legal standards can make the difference between success and legal complications. In this guide, we’ll explore the key aspects of business and corporate law in Georgia, the legal entities available, governance principles, and how expert legal support can help streamline your operations.
What Is Business Law in Georgia?
Business law encompasses a set of legal principles and regulations that govern commercial activities and transactions. In Georgia, business law is shaped by local legislation and international legal standards, creating a business-friendly environment that promotes transparency and growth.
Key areas covered by Georgian business law include:
Contract Law
Governs how business agreements are created, executed, and terminated.
Corporate Law
Defines the formation, management, and regulation of legal entities.
Tax Law
Establishes the tax obligations and rights of business entities.
Labor Law
Regulates employment relationships and labor standards.
Intellectual Property Law
Protects trademarks, patents, copyrights, and other intangible business assets.
Over the years, Georgia has modernized its business legislation, aligning more closely with European and international legal practices. This legal evolution supports fair competition, encourages foreign investment, and safeguards entrepreneurial rights.
MB Legal is featured on
Schedule a Corporate Law Consultation!
Corporate Law in Georgia
Corporate law is a specialized area within business law that focuses on the legal structure and governance of corporations and business entities. It outlines the rules for establishing companies, managing shareholder relations, and executing major corporate actions such as mergers or reorganizations.
Core components of Georgian corporate law include:
Company Formation and Registration
Corporate Governance and Management Structures
Rights and Responsibilities of Shareholders
Mergers, Acquisitions, and Divestitures
Liquidation and Reorganization Procedures
In Georgia, corporate law is primarily regulated by the Law on Entrepreneurs, which defines various types of legal entities and the rules for their operation.
Types of Legal Entities in Georgia
According to Georgian law, entrepreneurs can choose from several legal forms when establishing a business. Each form has distinct characteristics regarding liability, ownership, and management structure:
1
Individual Entrepreneur (IE)
2
Limited Liability Company (LLC)
3
Joint Stock Company (JSC)
4
General Partnership (GP)
5
Limited Partnership (LP)
6
Cooperative
The Limited Liability Company (LLC) is the most common business structure due to its flexibility, limited liability protection, and minimal capital requirements.
The Law on Entrepreneurs outlines essential legal requirements such as:
Drafting the company charter and partnership agreements
Assigning governance responsibilities to managing bodies
Rules on share transfers and inheritance
Capital formation and modifications
Key Legislative Acts in Georgia’s Business Environment
Besides the Law on Entrepreneurs, several other legislative acts form the backbone of Georgia’s commercial legal system:
- 1
Tax Code of Georgia – Governs corporate and personal taxation
- 2
Labor Code of Georgia – Regulates employment relationships and workers’ rights
- 3
Law on Competition – Promotes fair market practices
- 4
Law on Insolvency Proceedings – Provides procedures for company bankruptcy and restructuring
- 5
Law on Securities Market – Oversees securities trading and investor protections
These laws together ensure that businesses operate within a well-structured, legally compliant environment.
Corporate Governance in Georgia: Principles and Practices
Effective corporate governance is essential for ensuring transparency, accountability, and investor confidence. Georgian corporate law sets clear expectations for how companies should be managed and how decisions are made.
The typical governance structure includes:
General Meeting of Shareholders or Partners – The supreme decision-making body
Supervisory Board – Primarily in JSCs, oversees directors and major corporate decisions
Executive Directors – Responsible for daily operations and legal representation of the company
Key governance principles include:
Fiduciary Duties of Directors – Legal obligation to act in the company’s best interest
Minority Shareholder Protection – Legal safeguards to ensure fair treatment
Transparent Financial Reporting – Ensures stakeholders have access to accurate information
Corporate Decision-Making Procedures – Defined processes for voting and strategic decisions
Georgia’s adoption of European corporate governance standards has significantly improved the country’s attractiveness for international investors.
MB Legal: Your Trusted Partner in Georgian Business Law
Navigating Georgia’s business and corporate law landscape can be complex without the right legal partner. That’s where MB Legal comes in. With extensive experience in Georgian commercial law, our legal experts provide tailored support to help your business stay compliant and grow confidently.
Our services include:
Company Formation and Registration
From choosing the right entity type to completing legal documentation
Drafting Corporate Documents
Including charters, shareholder agreements, and internal policies
Corporate Restructuring
Support for mergers, splits, and reorganizations
Investment Advisory
Legal support for capital raising and investor negotiations
Corporate Dispute Resolution
Handling internal conflicts and legal proceedings
Ongoing Legal Counsel
For your day-to-day business operations
Whether you are a local entrepreneur or a foreign investor, MB Legal is committed to protecting your interests and enabling long-term success in Georgia’s dynamic market.
MB Legal offers professional legal services that help businesses navigate these challenges and thrive. Let us help you establish a legally secure foundation for your business today.
Please get in touch for all inquiries!
Free Legal Consultation
At MB Legal, we believe everyone should have access to quality legal advice. That's why we offer potential clients free consultation with a lawyer. Free legal assistance allows you to discuss your legal issues with an experienced lawyer before we commit to full representation.
Our Services
Virtual Asset Law in Georgia
Georgia is emerging as a key jurisdiction for virtual asset regulation. MB Legal advises clients on compliance with the country’s evolving legal framework for cryptocurrencies, digital tokens, and related services.
Learn More
Banking Law
Banking law governs the legal aspects of financial institutions and their operations, including lending, deposits, and regulatory compliance. It ensures that banks and businesses operate within the legal framework set by Georgian authorities.
Learn More 
IT Law
Explore our services on Virtual Zone status and IT law in Georgia, designed to help your business navigate the legal landscape and maximize opportunities in this growing sector.
Learn More 
Tax Law
Have a question or need expert advice on tax law in Georgia? Fill out the form below to get in touch with our team of experienced tax law professionals at MB Legal. We’re here to help your business stay compliant and thrive.
Learn More 
Labor Law in Georgia
Labor law is an important part of Georgia's legal system, providing a fair balance between the interests of employers and employees. Legislative changes in recent years have significantly improved mechanisms for protecting labor rights and brought Georgian legislation closer to international standards.
Learn More 
Business and Corporate Law
A clear understanding of business and corporate law in Georgia is crucial for launching, managing, and growing a successful company. From choosing the right legal entity to ensuring strong corporate governance, aligning your operations with local legal requirements is essential.
Learn More 
Intellectual Property
Trademark registration is the essential first step in protecting your corporate identity. Consulting a trademark attorney to ensure your registration is filed correctly and diligently monitored will help avoid costly mistakes and provide you with the strongest protection.
Learn More 
Privacy and Data Protection Law
The Georgian Law on Personal Data Protection is an important legal framework that protects the personal information of individuals and establishes rules for processors and organizations. Compliance with the law is not only a legal obligation but also good business practice that increases the reliability and reputation of the business. The MB Legal team is ready to help you ensure that your business and activities comply with the Law on Personal Data Protection.
Learn More Expert Articles and Publications
How to Register a Company in Georgia: LLC or JSC
MB Legal will be happy to provide legal advice on the right choice of the legal form of your company.