Resolution No. 619 of 2020 of Georgian Government on Determining the Status of an International Company, and Approving the List of Permitted Activities and Certain Expenses

This Resolution provides for the status of an international company, and approving the list of permitted activities and certain expenses. The procedure (the Procedure) for granting and revoking the status (the status) of international company to a Georgian enterprise determines the conditions for granting the status, the procedures for reviewing an application related to the grating of the status and for decision making, and the terms and conditions for revoking the status. The status of international company may be granted in any of the following cases to a Georgian enterprise: (a) which has at least two years experience in carrying out the permitted activities referred to in Annex 2 of this Ordinance, on the basis of which it applies to obtain the status; (b) which is a representative of a non-resident enterprise in Georgia, if the non-resident enterprise has at least two years experience in the permitted activities provided for by Annex 2 to this Ordinance, which are carried out by a Georgian enterprise and on the basis of which it applies to obtain the status; and (c) of which more than 50% of shares are owned by partner enterprises independently (each partner separately), and which has at least two years of experience in the permitted activities provided for by Annex 2 to this Resolution, which are carried out by a Georgian enterprise and on the basis of which it applies to obtain the status.