Law No. 473-Ic on promoting and ensuring investment activity. | Land Portal

Resource information

Resource Language: 
ISBN / Resource ID: 
LEX-FAOC042238
Pages: 
1
License of the resource: 
Copyright details: 
© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

This Law establishes legal basis for carrying out either foreign or local investments end ensuring their protection. The purpose of the Law is to establish legal basis for promotion of investments. Investments are all types of property and intellectual values and rights invested and used in entrepreneurial activity on the territory of Georgia for the purpose of making profit. Such values can be land, land tenancy, the right to use natural resources (including concession) and licences. Prohibition and restrictions in the sphere of carrying out investments regards manufacturing and trade of firearms, use of forest resources and subsoil without permit issued by the respective authority or without licensing and other types of activity established by the legislation currently in force. The Law consists of 4 Sections that contain 17 articles. Section 1 (arts. 1-2) lays down general provisions. Section 2 (arts. 3-4) establishes legal status of the subjects of entrepreneurial activity. Section 3 (arts. 5-6) regards promotion and registration of investments. Section 4 (arts. 7-17) regards ensuring protection of investments.

Authors and Publishers

Author(s), editor(s), contributor(s): 

Gnetii, Vsevolod

Data provider

Share this page