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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