Once the resolution is registered, a notice is published in the official gazette Matsne. From the date of publication, creditors have three months to submit claims. During this period, the liquidator takes stock of assets and liabilities, settles outstanding debts, and closes bank accounts. At the same time, the Revenue Service of Georgia conducts a mandatory tax audit — the company cannot be deregistered until this audit is complete and all tax matters are resolved. Once those conditions are met, the liquidator submits the final document package to the House of Justice and the company is removed from the registry.
When there are no disputes, outstanding debts, or tax issues, voluntary liquidation typically takes 4-6 months. Unresolved liabilities or disagreements with the tax authority will extend that timeline. Compulsory liquidation by court order is also possible in cases defined by the Civil Code of Georgia.
What the client needs to provide:
- a liquidation resolution drawn up in accordance with the company's charter;
- identity documents for participants and the liquidator;
- information on open bank accounts and company assets;
- confirmation of no tax arrears, or settlement of any outstanding liabilities.
What Legalese handles:
- preparation and submission of documents at each stage;
- communication with the House of Justice and the Revenue Service;
- monitoring the Matsne publication;
- notification upon completion and delivery of deregistration documents.
Can a company be liquidated without travelling to Georgia?
Yes. With a notarised power of attorney, most steps can be completed remotely. Closing a bank account is one exception — some banks require the account holder to appear in person.
How much does liquidating an LLC in Georgia cost?
State registration fees are low. The main cost is legal support, which depends on the complexity of the case. Request a free consultation for an exact quote.
What happens to the company's debts during liquidation?
The liquidator is required to settle all verified creditor claims from the company's assets. If assets are insufficient, the procedure shifts to insolvency proceedings.
Is the tax audit mandatory?
Yes. The Revenue Service of Georgia conducts the audit as a matter of course. The House of Justice will not deregister the company until it is complete.
What if the company has had no activity for several years?
Even with no activity, the company was still required to file reports. If filings were missed, zero-return declarations for the outstanding periods may need to be submitted before liquidation can proceed. Discuss your specific situation during a free consultation.