Starting a business

To open an Individual Entrepreneur (IP) in Georgia, the process involves first registering the IP and then opening a business bank account. This can take time, with bank account opening potentially ranging from a few days to a week depending on the bank (e.g., TBC or BOG). For financial transactions, consider UnionPay cards (check bank compatibility), Swift transfers, or cryptocurrency. Alternatives for transferring Russian funds include services like multitransfer.ru. Ensure your registered legal address does not overlap with your residential address.

Establishing a mobile business, such as children's master classes, in Georgia involves several considerations. Permits for operating in public spaces like parks, waterfronts, and squares may be required from the local municipality (Meria). Employment regulations for staff, including social security contributions, need to be investigated. Payment processing, including the use of mobile card terminals (power banks), and the costs associated with cash register maintenance are also factors to consider for non-stationary businesses.

For Italian citizens, opening an Individual Entrepreneur (IP) in Georgia is straightforward and does not present additional complications. Services for on-site assistance are available, with payment due upon successful registration of the IP with the Ministry of Justice.

To open an Individual Entrepreneur (IE) account in Georgia, first register your IE, potentially through the House of Justice. Subsequently, open a business account at a bank like BoG or TBS, which requires a more thorough KYC process than for personal accounts. While some users report that information about foreign IE accounts is not shared with Russian authorities, it is advisable to confirm current regulations and potential reporting obligations.