Entrepreneurs planning to start a business in Georgia often target either Tbilisi or Batumi. Though there are number of other cities that investors often invest in, the two largest cities are often the default choice. As in any country across the globe, the are number of local laws and regulations that investors need to comply with. These regulations are often mild and are structured in a way to attract foreign investors, but they still need to be satisfied to avoid any penalties. Most of the local requirements are associated with the accounting, bookkeeping and taxation. Good news is that the local companies provide high quality accounting services in Tbilisi, Batumi, and other cities of Georgia.

How should you select and contact an accountant?

At the risk of stating the obvious, any investor planning to do business in Georgia should hire an accountant to file tax returns and comply with the local requirements. Luckily, local accounting companies are usually well qualified and provide not only good accounting service, but are also friendly to their clients to attract and retain more business. Local accounting companies like the “AccountAnts” (www.ants.ge) or “PB Services” (www.pbservices.ge), have number of years of experience in serving foreign clients and in providing high quality accounting services in Batumi, Tbilisi, and the rest of Georgia.

Accounting firms can be easily contacted via their social media or their phone number. They usually provide the first consultation for free, so you should get one if you need. Apart from getting free information, you may also get the general sense of the level of accounting firms’ experience through communication with their managers.

What is the price of accounting in Tbilisi and Batumi?

Accounting prices in Tbilisi and Batumi are approximately equal and usually start at 100-150 Euros per month, if your company has small number of operations. The prices increase based on the size your business. Size is usually determined based on the number of transactions, number of employees and annual revenues.

If you are new to Georgia, you should do your own research on local accounting companies and pick one based on your specific criteria.