You may contact us at:

Mgaloblishvili Kipiani Dzidziguri
(MKD) law firm
71 Vazha Pshavela Ave.,
floor 4th, office 24
Business Center on Vazha (BCV)
0186 Tbilisi, Georgia
T: (+995 32) 2553880, 2973880
F: (+995 32) 2973884

The law of Georgia “On Accounting, Reporting and Audit”

November 10, 2016
A new Georgian law, “On Accounting, Reporting and Audit,” has been adopted. It entered into force on 8 June 2016 to replace the old law, “On Accounting and Financial Reporting.” Representatives from governmental bodies, professional organizations and experts from The World Bank were involved in the law-making process. This was an important step since implementing new regulations is important for economic growth and development of the investment environment.

Ministry of Finance of Georgia Presentation of on-going work

2013, June

We hereby bring to your attention the presentation of the Ministry of Finance of Georgia regarding on-going work, which is intended to provide an overview of the current reforms and public policy activities of the Ministry of Finance. It has been developed in an effort to further improvement of the Ministry’s communication and transparency proceedings. Included is a summary analysis of the following:

Certain Aspects of Georgian Insolvency Law

2010, 30 June

Enactment of the bankruptcy law in Georgia is related to the collapse of the Soviet Union and transitionof the emerging independent states to market economy.

Free Industrial Zone: Georgian Law Novelty

2010, 28 May

Free Industrial Zone (FIZ) is viewed as an instrument to promote economic growth, enhance industrial competitiveness and attract foreign direct investment. Specifically, the establishment of a FIZ intends to further the development of foreign economic ties, increase the delivery of high quality goods and services, and create a modern industrial and market infrastructure.

Mergers and Acquisitions Georgia


1.1 Overview of investment climate in Georgia

 The legal basis for both foreign and local investments and the guarantees of their protection on the territory of Georgia, as well as the investment-friendly regime is regulated by the set of laws, comprising of the Constitution of Georgia,


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