6 Key Provisions from the New Law on Personal Data Protection
The Parliament of Georgia has passed the Law of Georgia on Personal Data Protection that will be effective from March 1, 2024. Before the date, entities responsible for processing personal data should be aware of the following key amendments to ensure compliance with the new law: 1.Data Processing Processing of personal data for direct marketing […]
10 Major Amendments to the Law of Georgia on Entrepreneurs
The recent amendments to Law of Georgia on Entrepreneurs obliges Georgian entities to update their incorporation documents to be in compliance with the new regulations by January 1, 2024. What’s inside the incorporation documents The Charter: This part explains the core principles and rules governing the organization. It covers matters including decision making, purpose of […]
Georgia adopted a new law on E-commerce
On June 13, 2023, the Parliament of Georgia passed a new Law of Georgia on Electronic Commerce. This law lays down the legal and economic framework for activities carried out through electronic communication networks and associated facilities, the principles for creating and regulating a competitive environment in this field, determines the functions of the national […]
Digital Product Development Services: Legal Risks and How to Avoid Them
Digital product design and development is exciting and ever-evolving processes. When offering design and development services or creating digital products, there are legal risks that need to be addressed and mitigated. To mitigate these risks, this agreement should include a detailed description of the project scope, timelines, deliverables, and any specific requirements or expectations. Payment […]
Major Changes in Georgian Legislation in 2022 – A Year in Review
The Georgian Parliament made major changes to its legislation concerning business entities. Here is a comprehensive list of the most relevant amendments adopted in 2022. Law of Georgia on Licenses and Permits, effective from September 9, 2022 The National Bank of Georgia introduced a concept of the Conditional License that may be issued to a […]
Academy of Digital Industries Enters the UK Market
The Montpellier Sentinel served as lead counsel, advising the Academy of Digital Industries on its expansion into the UK market. The Academy of Digital Industries is an innovative educational platform that offers workshops and masterclasses to promote self-development, skill enhancement, and personal fulfillment. Established in 2019 in Tbilisi, Georgia, the Academy has since become the […]
Georgian Virtual Zone Company Tax Benefits
Virtual zone is a virtual space where businesses in IT sector can register, after which they can enjoy certain tax incentives.