February Sees 4,231 New Businesses Registered in Georgia

According to official data of the National Agency of Public Registry, 4,231 businesses were registered in February, 2016, of which 95.7 per cent are business entities and 4.3 per cent non-profit entities.

In February, the index of business registration (December 2010 = 100) was 0.967 which increased by 50.5 per cent compared to the previous month and also by 2.4 per cent compared to the same period last year.

The number of business entities (sole proprietor, general partnership, limited liability company, joint-stock company, limited partnership, cooperative, foreign legal entity branch) increased by 48.1 per cent and the number of non-profit entities (non-profit legal entity, foreign branch of a non-profit legal entity, public legal entity) by 134.6 per cent in February compared to the previous month.

A similar trend was observed in comparison with the same period last year where the number of business entities has increased by 1.2 per cent and the number of non-profit entities by 37.6 per cent.

The monthly index of business registration in February was 0.953 for business entities and 1.441 for non-profit entities. The majority, 2,055- or 48.6 per cent of total registered business entities -were sole proprietors and limited liability companies (1,865 or 44.1 per cent of total registered entities).

It appears that 92.6 per cent of business entities have a preference for the two above statuses. In February were registered: 181 non-profit legal entities, 90 cooperatives, 26 branches of foreign legal entities, 12 joint stock companies and 2 public legal entities.

Ana Akhalaia