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

Admission of pharmaceutical products into the Georgian market

Issue I, 2010

Admission of pharmaceutical products into the Georgian market may be granted by way of state registration through:
(a)   recognition regime; and
(b)  national regime.
Pharmaceutical products are deemed admitted into the market if they are registered with the Departmental Registry kept by the Agency of State Regulation of Medical Activities at the Ministry of Labor, Health and Social Protection of Georgia (the Agency).

Obligor's Registry Procedures Introduced

Issue I, January, 2010

The procedure of keeping Obligors' Registry was approved by the Order No. 234 of the Minister of Justice of Georgia, dated 28 December 2009. Above Order determined the Obligors' Registry as a set of systematized electronic data regarding those natural and legal persons, as well as other organizational entities (except for state authority and local self-governing bodies) against which enforcement commenced from 1 January 2010 and which failed to voluntarily discharge monetary obligations subject to enforcement, other than secured ones.

Tax Code of Georgia Introduces Rules on thin Capitalization

Issues III, 2009

As of January 1, 2011 the rules on thin capitalization will enter into force. The purpose of the said rules is to contravene the excessive debt financing within the companies, inter alia, debt financing by the shareholders of the company.

Banking and Securities

Issue II, 2009

Order No. 81/01 of the President of the National Bank of Georgia

On 30 March, 2009 the President of National Bank of Georgia adopted the Order N 81/01 declaring the following normative acts as null and void:

Banking / Securities / Insurance

Issue I, 2009

Ruling N.1 of Georgian Financial Supervision Agency

On January 13, 2009, Georgian Financial Supervision Agency (hereinafter the FSA) has adopted the Ruling N.1, establishing the by-laws, regulating the status, functions and management of FSA-the legal entity of public law at the Bank of Georgia, overseeing the financial sector.


Issue 1, 6 March 2006

Regulation on transfer of state-owned property for usage (management) rights under the forms provided by Civil Code of Georgia, as approved by Resolution No 218 of the Government of Georgia,dated 3 December 2005, provides for the following:


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