Closing a Business

The person shall apply the tax authority in writing for termination of entrepreneurial activities.

In case of terminating the activities:

• A natural person - entrepreneur shall submit the declaration of terminating the activities within 30 business days from the date of submitting the application of terminating the activities.
• If the taxpayer does not resume the activities after submitting an annual tax return of terminating the activities, no obligation is imposed on the taxpayer to submit annual tax returns.
• A legal person shall immediately notify the tax authority in writing about the decision to terminate the activities. Besides, the organization shall submit annual returns of income and property taxes for the current year.

Legal Entity of Public Law (LEPL) National Agency of Public Registry (www.napr.gov.ge , Address: #2 St. Nikoloz/N.Chkeidze, Tbilisi, 0102, Georgia) at the Ministry of Justice of Georgia shall carry out liquidation of legal person - entrepreneur.