Thursday , March 28 2024
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Business Register: By Ownership Type

The table below shows the business entity destribution in Georgia by ownership type.

Based on the data of September 1, 2017, there are 664,057 registered business entities in Georgia, out of which only 173,629 are active.

The economic unit is active if it meets one of the following criterias:

  • Turnover > 0 (VAT, income and other declarations)
  • Number of Employees > 0 (VAT, income and other declarations)
  • Salary or number of employees> 0 (Salary announcements)
  • Has a profit or loss (profit declaration)
  • Pays any tax except for property taxes
OWNER TYPE Number of entities Active %
TOTAL        664,057        173,629 100
PRIVATE PERSON*        653,770        169,468 98.4
private domestic person (fully)        621,245        160,650 93.6
private foreign person (fully)          26,284             6,559 3.9
private mixed**             6,241             2,259 0.9
STATE***             6,042             2,894 0.9
MUNICIPALITY             1,892                680 0.3
OTHER TYPE OF OWNERSHIP             2,353                587 0.4

*Private person – Economic entities in which more than 50 percent of the equity is in ownership of private person;

**Private mixed – Partly domestic private owners, partly foreign private owners;

***State – Economic entities in which more than 50 percent of the equity is in ownership of state.

***

The source of the article is geostat.ge (National Statistics Office of Georgia).

Copyright on the material is protected. In case of it’s full or partial publication, please indicate at it’s beginning – “Source: business.org.ge”

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