Which banks are on the market of Georgia? TBC BANKBank of Georgia Basis Bank Lyberti Bank ProCredit Bank Credo Bank Terabank Cartu Bank Halyk Bank VTB Bank PASHA BANK Georgia Isbank Ziraat Bank Silk Road Bank How to open the bank account? The bank has the right to request documentation from you. Relatively speaking, however, […]
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The lean startup method was developed by American entrepreneur Eric Ries, founder, and CEO of the Long-Term Stock Exchange (LTSE) Lean Startup vs. Traditional Business. A lean startup is a method used to found a new company or introduce a new product on behalf of an existing company. The lean startup method advocates developing products
Why to do business sector analysis and market research? Company analysis enables you to spot potential risks early on, allowing you to take proactive measures to mitigate them. This includes financial risks, regulatory changes, or unforeseen market shifts. Investors who use sector analysis believe that certain sectors of the economy perform better at different stages
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How to start business in Georgia? Note: Every document for the state institutions must be prepared in Georgian Language. To start a business in Georgia, it is obligatory to translate the passport in Georgian language and notarized the translation. Choose the legal form of your entity (Individual Entrepreneur, LP, LTD JSC or Cooperation); Prepare the
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The labor Code of Georgia is the organic law of Georgia and regulates labor and related relations in the territory of Georgia. What should we know when we see that we will be fired wrongfully? First, we must determine whether the employment relationship was terminated on the basis provided by the law. And then whether
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Re-registration of companies in Georgia has become a highly relevant issue, driven by the need to align corporate documentation with the new “Entrepreneurs’ Law”. For joint-stock companies (JSCs), this process presents particular challenges, especially concerning extraordinary meetings and proper submission of founding documents to the registering authority. Here, we outline Recommendation #1, a step-by-step procedure
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A patent is a state-issued document that grants the patent holder exclusive rights to an invention. This right protects the technical solution of the invention, which may take the form of a product or its specific use, across various fields of application. However, not every idea qualifies for a patent. To be eligible, the invention
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Loan and mortgage agreements are essential legal tools, yet they are often misunderstood, leading to serious consequences. Before signing such an agreement, it’s important to understand the details, risks, and responsibilities involved. So, what should you know to avoid problems? Let’s break it down. Who Are the Parties Involved? The agreement is made between two
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