Close an IE in Georgia

Tax Obligations Before Closing

Before filing your closure application, make sure all tax obligations are fulfilled: declarations submitted, debts settled. If you had Small Business Status, it is cancelled automatically upon closing the IE. If there are outstanding debts to creditors, it is recommended to settle them before starting the procedure.

The tax authority performs a clearance check using your identification number — if there are any unfiled non-zero declarations, the procedure may be paused until they are submitted. If you decide to resume business activity later, re-registering as an IE is available without restrictions — a previously closed status is not an obstacle.

Cost and Timeline

The state fee for the standard procedure is minimal. For remote closure via power of attorney, additional notarization costs may apply. We can handle the entire closure process for you — contact us for details.

Procedure for Closing an IE in Georgia

The procedure for closing an individual entrepreneurship in Georgia is quite simple and does not take much time, provided there are no outstanding liabilities or obligations.

Step 1. Filing an Application with the National Agency of Public Registry

The first step is to file an application with the National Agency of Public Registry (House of Justice) to terminate activities as an individual entrepreneur. This can be done in person by visiting one of the agency’s branches or remotely by providing a notarized power of attorney to your representative in Georgia. You will need an identification document (passport or ID card) and a taxpayer identification number.

Step 2. Consideration of the Application and Decision

After receiving all the necessary documents, the agency staff will review your application. In the absence of any obstacles, your IE will be closed within one working day.

Conclusion

After closing, it is advisable to retain all documents related to your business activities, including filed declarations and payment records. The tax authority may request information for previous periods as part of standard reviews. Your personal account on the tax service website (rs.ge) remains active after closing — you can use it to view your declaration and payment history. If you are considering switching to a different business structure — such as registering an LLC — we can assist with that process as well.

Please note: if the IE was registered as a VAT payer, a separate application to cancel VAT registration is required. It is also advisable to verify that all active licenses and permits related to the business have been cancelled or transferred.

See also: IE taxes in Georgia, frequently asked questions regarding IE.