RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/SPEC/GEO/3  
2 February 1998 
 (98-0367) 
Working Party on the  
Accession of Georgia Original:   English 
 
 
 
ACCESSION OF GEORGIA  
Initial Offer in Services  
 For the purposes of the accession of Georgia to the WTO, the Permanent Mission of Georgia 
has presented the following offer of initial commitmen ts on trade in services, with the request that it 
be circulated to members of the Working Party. 
_______________ 
GEORGIA  
Initial Offer in Services  
(This text is authentic in the English language only.) 
Note  
This initial Offer is conditional. The Government of Georgia retains the right to modify or withdraw 
all or part of the commitments listed in schedules.  WT/ACC/SPEC/GEO/3 
Page 2 GEORGIA  
Initial Offer  
 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
A. HORIZONTAL COMMITMENTS 
Commitments include all sectors Investment : 
3) Foreign investor is obliged to register at 
the Investment Agency under the 
Ministry of Trade and Foreign 
Economic Relations any investment worth US$100,000 (or its equivalent), 
within 60 days from the moment of 
making such an investment. Otherwise he would be prohibited to carry out 
investment activity. The aim of the 
registration is the creation of a statistical database on investment 
activity in Georgia.   
 - Foreign investor is obliged to present 
annually (till the end of the year) to 
Investment Agency information on the 
quantity of additional investments.   
 Without licence investor does not have 
the right to carry out the following 
activities: 
(i)  production or sale of weapons 
and explosives; 
(ii) production or sale of medicines 
and other substances subject to special control; 
(iii) exploitation of natural resources 
and forestry; 
(iv) establishment of casinos and 
gambling;     WT/ACC/SPEC/GEO/3
 Page 3 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
 (v)  banking activity; 
(vi) insurance activity; 
(vii) issuance of securities, which 
constitute a public distribution of securities; 
(viii) wireless communication service 
and establishment of television and radio channels.   
 Privatization * 
Foreign legal and natural persons can be 
buyer of State property only if the share of 
government or local administrative body in his authorized capital does not exceed 25%.   
 Real estate  
Foreign legal persons have the right to buy buildings and take in leasing the land. 
Joint-ventures have the right to buy 
agricultural land.   
 4) Unbound 
- The validity of the temporary entry visa 
in Georgia for tourist purposes is 3 
months from the date of its issuance.   
 - The validity of the temporary entry 
visa, issued to a foreigner after 
invitation made by Georgian citizen or 
person permanently residing in Georgia, is 6 months from the date of 
its issuance.   
 - The validity of the visa issued after 
invitation made by the medical 
institution operating in Georgia is 
determined by the period necessary for medical treatment.    WT/ACC/SPEC/GEO/3 
Page 4  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
 - The validity of the visa issued after 
notification made by the court, with the 
purpose of participating of a foreigner 
in trial process in Georgia, is determined by the period necessary for 
participating in this process.   
 - The validity of the temporary entry visa 
issued to business people after 
invitation made by the legal person is 6 months from the date of its issuance.   
 Contractual Business Trip  
(a) The validity of the temporary entry 
visa, issued on the basis of contract, is 
determined by the duration of the 
contract.   
 (b) Employment contract with a foreigner 
can be signed only if a Georgian citizen 
with relevant qualification is not able to perform the same job or no Georgian 
citizen has expressed the wish to 
perform it.  Decision about this issue is 
made by the Ministry of Social 
Security, Labour and Employment.   
 - Participation in scientific, cultural and 
sport activities: the basis for issuance of 
visa is the invitation made by the organizers of these activities, the 
validity of the visa is determined by the 
duration of the activities.   
 Education of foreigners in Georgia: the basis 
for issuance of visa is the invitation made by 
the educational institution. The validity of the visa is determined by the duration of 
educational process.     WT/ACC/SPEC/GEO/3
 Page 5 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
 The multiple entry or exit visa is granted to:  
(i) an investor; (ii) foreigners actively 
cooperating with legal persons registered in 
Georgia; (iii) foreign managers of legal persons registered in Georgia, members of 
administration and employees who, owing to 
the nature of the job, frequently travel to Georgia; (iv) other persons as stipulated by 
Georgian legislation.   
 The validity of the visa for temporary entry in 
Georgia should not exceed 5 years.   
 The legal status of foreigners  
Foreigners temporarily residing in Georgia 
may be assigned on any kinds of posts or 
perform any kinds of businesses  which are not prohibited by Georgian legislation, except 
those posts or businesses for which, in 
accordance with the existing legislation, Georgian citizenship is necessary.   
 Foreigners temporarily residing in Georgia 
may be assigned on any kinds of posts or 
perform any kinds of businesses if it’s so 
stipulated by Georgian legislation.    WT/ACC/SPEC/GEO/3 
Page 6  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
 The Ministry of Social Security, Labour and 
Employment issues licences for 
establishment of private employment 
companies and for employment of Georgian citizens abroad. The draft law “On 
Temporary Rule of Employment of Migrants 
in Georgia” is being prepared by the Ministry of Social Security, Labour and Employment 
of Georgia, according to which employment 
contract with a foreigner can be signed by the employer only if a Georgian citizen with 
relevant qualification is not able to perform 
the same job or no Georgian citizen has expressed the wish to perform it.   
 Permission is issued for the period of one 
year and it may be prolonged on the basis of 
a request made by the employer, but for not 
more than one subsequent year. This provision does not concern:  those migrants 
employment of which is stipulated by the 
inter-State and intergovernmental agreements 
signed between Georgia and foreign 
countries, highly qualified specialists in joint-ventures, persons employed in 
scientific, educational and cultural fields, 
foreigners performing religious and charity activities in Georgia, correspondents and 
journalists accredited in  Georgia, lecturers, 
experts and instructors.     WT/ACC/SPEC/GEO/3
 Page 7 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
B.  SPECIFIC SERVICE SECTOR OR SUB-SECTOR 
1. BUSINESS SERVICES 
A. Professional Services  
(a) Legal services* 
 (CPC 861) 1) None 
2) None 3) Unbound before the new Law “About 
Licensing” comes into force 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) Unbound before the new Law “About 
Licensing” comes into force   
4) Unbound except as indicated in the 
horizontal section*  
(b) Accounting, auditing and 
bookkeeping services 
(CPC 862) 1) None 
2) None 
3) None. Licences on auditing activities 
are issued by Auditing Council for each object, which is subject to auditing 
service. Validity of Licences is one 
year. 
4) Unbound except as indicated in the 
horizontal section  
 
3) 4) There should be done the legalisation of 
auditing right of foreign auditor on base 
of which will be received the Licence. 
The cost of the licence is US$500 
equivalent in Lari.    
 (d) Architectural services** 
 (CPC 8671) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(e) Engineering services 
 (CPC 8672) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* Licences for legal services are issued by  the Ministry of Justice. The issue of li cences is stopped, before the new Law “Abou t Licensing” comes into force.  
 ** The draft Law "On Architectural Activities” is prepared. In acco rdance with this draft Law th e foreign citizens, legal perso ns and the persons who are not citizens are 
permitted to carry out architectural activities only together with  natural or legal persons who have licence for such activity.  
  WT/ACC/SPEC/GEO/3 
Page 8  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(f) Integrated engineering 
services 
 (CPC 8673) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(h) Medical and dental 
services* 
 (CPC 9312) 1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(i) Veterinary services 
 (CPC 932) 1) Unbound 
2) Unbound 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) Unbound 
3) None 
4) Unbound except as indicated in the 
horizontal section  
B. Computer and Related 
Services     
(a) Consulting services related 
to the installation of 
computer hardware 
 (CPC 841) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(b) Software implementation 
services 
 (CPC 842) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(c) Data processing services 
 (CPC 843) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* The Ministry of Healthcare provides the licensing of medical services and trade in medical products in the whole country. 
   WT/ACC/SPEC/GEO/3
 Page 9 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(d) Database services 
 (CPC 844) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(e) Other 
(CPC 845 + 849) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
C. Research and Development 
Services     
(a) Research and development 
services on natural sciences 
Except such fields which 
are prohibited by existing legislation. 
(CPC 851) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(b) Research and development 
services on social sciences 
and humanities 
 (CPC 852) 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section  
(c) Interdisciplinary research 
and development services 
 (CPC 853) 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section  
D. Real Estate Services  
(a) Involving own or leased 
property 
(b) On a fee or control basis  
1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section   WT/ACC/SPEC/GEO/3 
Page 10  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
E. Rental/Leasing Services 
Without Operators     
(a) Relating to ships 
 (CPC 83103) 
 
(b) Relating to aircraft  (CPC 83104) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(c) Relating to other transport 
equipment (CPC 83101 + 83102 + 
83105) 
(d) Relating to other machinery 
and equipment 
 (CPC 83106 + 83109)    
F. Other Business Services     
(a) Advertising services* 
(CPC 871) 1) None 
2) None 3) None (The advertisement of strong 
alcoholic drinks , pharmaceutical 
products, tobacco and tobacco products 
is prohibited by draft Law.) 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None (The advertisement of strong 
alcoholic drinks , pharmaceutical 
products, tobacco and tobacco products 
is prohibited by draft Law.) 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* Advertising activities in Georgia are regulated by the Anti-monopoly Service under the Ministry of Economy. The Law “On Adver tisement” is being discussed in the 
Parliament.   WT/ACC/SPEC/GEO/3
 Page 11 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(b) Market research services 
(CPC 864) 
 
(c) Management consulting 
services 
 (CPC 865) 
 (d) Services related to 
management services 
 (CPC 866) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(e) Technical testing and 
analysis services 
 (CPC 8676) 1) None 
2) None 3) None  
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
(f) Services incidental to 
agriculture, hunting and forestry* 
 (part of CPC 881) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
(g) Services incidental to 
fishing 
 (part of CPC 882) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* Licences for mining, construction and exploitation of units and public exploitation of oil, natural gas, coal  and energy res ources are issued by the Ministry of 
Agriculture (with relevant ministries and institutions). 
  WT/ACC/SPEC/GEO/3 
Page 12  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
21(h)  Services incidental to 
mining  
 (part of CPC 883) 1) None 
2) None 
3) Services incidental to mining are 
subject to licensing. Licences are issued by the Licensing Service of Utilisation 
of Natural Resources under the 
Ministry of Protection of Environment and Natural Resources 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
  
 
  
4) Unbound except as indicated in the 
horizontal section  
(i) Services incidental to 
manufacturing* 
(part of CPC 884+885) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(j) Services incidental to 
energy distribution  except 
electric energy* 
(part of CPC 887*) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
(k) Placement and supply  
services of personnel  
 (CPC 872) 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section  
(q) Packaging services 
 (CPC 876) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* Licences for mining, construction and exploitation of units and public exploitation of oil, natural gas, coal and energy reso urces are issued by the Ministry of Fuel and 
Energy (with relevant ministries and institutions). 
   WT/ACC/SPEC/GEO/3
 Page 13 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(p) Photographic services   
 (part of CPC 876) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
2. COMMUNICATION SERVICES 
The postal services on the territory of Geor gia are implemented by “Post of Georgia” Ltd. 
Licensing in the field of comm unication and telecommunication services is implemented by Licensing Committee approved by the Mi nistry of Post and Communications of 
Georgia, and which has the monopoly right in distribution of frequency spectrum.  
B. Courier Services  
 (CPC 7512) 1) Unbound 
2) None 3) The permission for such services has 
only the person who is registered in 
Georgia and has the necessary licence 
4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 3) None 
 
  
4) Unbound except as indicated in the 
horizontal section  
C. Telecommunication 
Services  
(CPC 7521 + 7522 + 
7523** + 7529** 843**) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
D. Audio-Visual Services     
(a) Motion picture and video 
tape production and distribution services 
 (CPC 9611) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
(b) Motion picture projection 
services 
 (CPC 9612) 1) Unbound  
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section   WT/ACC/SPEC/GEO/3 
Page 14  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
3. CONSTRUCTION AND RELATED ENGINEERING SERVICES 
A. General Construction Work 
for Building*  
 (CPC 512) 1) Unbound* 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
B. General Construction Work 
for Civil Engineering  
 (CPC 513)  1) Unbound* 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
C. Installation and Assembling 
Work  
 (CPC 514+516) 1) Unbound* 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
D. Building Completion and 
Finishing Work  
 (CPC 517) 1)  Unbound* 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 3) None 
4) Unbound except as indicated in the   
horizontal section  
E. Other  
 (CPC 511, 515, 518) 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
4. DISTRIBUTION SERVICES 
A. Commission Agents' 
Services  
 (CPC 621) 1)  None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* Licences for architectural and constructional activities are i ssued by the Ministry of Urbanisation and Construction.   
   WT/ACC/SPEC/GEO/3
 Page 15 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
B. Wholesale Trade Services  
 (CPC 622) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
C. Retailing Services  
(CPC 631+ 632 + 6111 + 
6113 + 6121) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
D. Franchising  
(CPC 8929) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
5. EDUCATIONAL SERVICES* 
All kinds of services are subject to li censing. The private practice of Georgian  citizens does not require any licences. 
Teaching the Georgian language, Georgian history and ge ography in all educational instituti ons operating in Georgia which imple ment common educational programmes is 
obligatory; teaching of Georgian language is obligatory in those institutions which implement the programmes of professional ed ucation. 
A. Primary Education Services
 (CPC 921) 1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
B. Secondary Education 
Services  
 
Privately funded only 
 (CPC 922**) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* Educational services should be implemented by a person who has a certificate granted by the relevant State authorities, a per son whose certificate received abroad is 
registered in Georgia, or a person who is granted by the rele vant State educational census. The above-mentioned obligations wil l come into force on 1 January 2000. 
  WT/ACC/SPEC/GEO/3 
Page 16  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
C. Higher Education Services  
 
 Privately funded only 
 (CPC 923**) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
D. Adult Education  
 (CPC 924**) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
6. ENVIRONMENTAL SERVICES 
All kinds of services require licensing. 
A. Sewage Services  
 (CPC 9401) 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
B. Refuse Disposal Services  
 (CPC 9402) 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
C. Sanitation and Similar 
Services  
 (CPC 9403) 1) Unbound* 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section  
D. Other Nature and 
Landscape Protection  
Services  
 (CPC 9406) 1) Unbound* 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section    WT/ACC/SPEC/GEO/3
 Page 17 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
7. FINANCIAL SERVICES 
Foreign insurance organisations as insurance service suppliers  are prohibited to implement insurance activities on the territor y of Georgia.  
A. All Insurance and 
Insurance-Related Services  
 (CPC 812**)    
(a) Life, accident and health 
insurance services 
 (CPC 8121) 1) Unbound, except for services supplied 
by foreign suppliers to foreign persons 
in the territory of the republic of Georgia 1) Unbound  
The State mandatory medical 
insurance is performed by the State Commission of Georgia for 
Medical Insurance. 
Every licensed insurance company has the right to 
voluntary medical insurance. 2) Georgian natural and juridical persons, 
as well as foreign persons who conduct business activity on the territory of 
Georgia, conclude insurance contracts 
only with local suppliers with respect to their activity in Georgia. Insurance 
compensation resulting from these 
contracts shall be paid in Georgia. 2) None  
(b) Non-life insurance services 
 (CPC 8129) 
 
(c) Reinsurance and 
retrocession 
 (CPC 81299*) 
 3) The insurance service suppliers cannot 
be set up for the supply of both life 
insurance and non-life insurance 
services, except the insurance of civil 
responsibility of automobile, that is implemented outside the territory of 
Georgia. Foreign persons can supply 
insurance services only through participation in Georgian insurance 
companies. 3) The implementation of an insurance 
broker’s functions by a foreign legal 
person on the territory of Georgia shall 
be allowed only to an insurance 
company of Georgia in the sphere of re-insurance of its risk assumed abroad.    WT/ACC/SPEC/GEO/3 
Page 18  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(d) Services auxiliary to 
insurance (including 
brokering and agency 
services) 
 (CPC 8140) Foreign legal and natural persons have 
the right to become participants of 
Georgian insurance and re-insurance, 
however, their share should not exceed 49%. 
An insurance company of Georgia in 
connection with the re-insurance of its risk abroad may make direct use of a 
foreign broker company’s services. A foreign legal person may carry out 
functions of an insurance broker in 
Georgia through a subsidiary or 
representation, which has been registered under established procedure, or directly 
on the basis of a contract signed with 
legal persons of Georgia.  
 The implementation of an insurance 
broker’s functions by a foreign legal 
person on the territory of Georgia shall be allowed only to an insurance 
company of Georgia in the sphere of 
reinsurance of its risk assumed abroad. A foreign legal person may carry out 
functions of an insurance broker in 
Georgia through a subsidiary or representation, which has been 
registered under established procedure, 
or directly on the basis of a contract 
signed with legal persons of Georgia. 
Permission on insurance activities is granted by State Insurance  Supervision 
Service.   
 4) Unbound except as indicated in the 
horizontal section 4) Unbound except as indicated in the 
horizontal section    WT/ACC/SPEC/GEO/3
 Page 19 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
B. Banking and Other 
Financial Services  
(excl. insurance) 1) None 
2) None 
 1) None 
2) None 
  
(CPC 81115-81119, 8113, 
8112, 81339**, 81199**) 3) Banking licences concerning a 
subsidiary or a branch office of a 
foreign bank shall be granted only if the foreign bank is authorised to engage in 
the business of receiving money 
deposits or other repayable funds in the foreign country where its head office is 
located. Banking licences shall be 
granted only following consultations* on the granting of a banking licence 
between the National Bank of Georgia 
and the competent authorities of a foreign country which supervise the 
banking activities of the foreign bank 
concerned. Georgian and foreign natural and legal persons are not 
allowed to possess more than 25% of 
the fixed capital. The National Bank is 
authorised to make exception in this 
rule only for such shareholders, which have a licence for banking activities or 
represent the bank itself. 3) None  
 4) Unbound except as indicated in the    
horizontal section 4) Unbound except as indicated in the 
horizontal section  
                                                      
* The purpose for these consultations is to obtain information on a non-resident, in order to determine the credibility of the latter in his own country and to avoid the 
unlawful flow of capital in Georgia.  WT/ACC/SPEC/GEO/3 
Page 20  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(f) Trading for own account or 
for account of customers, 
whether on an exchange, in 
an over-the-counter market or otherwise.* 
(CPC 81339**, 81333, 
81321*, 8132, 8119** + 81323*, 81319**, 8131, 
8133) 1) None 
2) None 
3) None** 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
8. HEALTH RELATED AND SOCIAL SERVICES*** 
The Ministry of Healthcare provides licen sing of all kinds of medical services and trade in medical products.  
A. Hospital Services  
 (CPC 9311) 1) Unbound 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section  
B. Other Human Health 
Services  
(CPC 9319, other than 
93191) 1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
C. Social Services  
 (CPC 933) 1) Unbound 
2) None 3) None 
3) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* In the field of functioning of the stock market, State control, regulation, registration and licensing is implemented by the Ministry of Finance.  
 
** Financial services are free from Value-Added Tax.  
*** Knowledge of the Georgian language (the State language) is obligatory for pharmacists, who work in Georgia.  
   WT/ACC/SPEC/GEO/3
 Page 21 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
D. Other  1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
9. TOURISM AND TRAVEL RELATED SERVICES* 
A. Hotels and Restaurants  
(incl. catering) 
 (CPC 641-643) 1) Unbound 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
B. Travel Agencies and Tour 
Operators Services  
 (CPC 7471) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
C. Tourist Guides Services  
 (CPC 7472) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
D. Other  1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
                                                      
* The Regulation “On Licensing of Tourism and Resort Activities in  Georgia” is presented to the Parliament, on the basis of whi ch licences for tourism services will be 
issued by the State Department on Tourism.  WT/ACC/SPEC/GEO/3 
Page 22  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
10. RECREATIONAL, CULTURAL AND SPORTING SERVICES 
A. Entertainment Services  
(including theatre, live bands and circus services) 
 (CPC 9619) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
B. News Agency Services  
 (CPC 962) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
C. Libraries, Archives, 
Museums and Other 
Cultural Services  
 (CPC 963) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
D. Sporting and Other 
Recreational Services  
 (CPC 964) 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
11. TRANSPORT SERVICES 
Licences for transport services in Georgia ar e issued by the Ministry of Transport. 
A. Maritime Transport 
Services     
(d) Maintenance and repair of 
vessels 
 (CPC 8868)** 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  
Sales and marketing, including 
computer reservation systems 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section    WT/ACC/SPEC/GEO/3
 Page 23 
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
C. Air Transport Services     
(a) Passenger transportation  
(CPC 7121+7122) 1) None 
2) None 3) Unbound except regular flights, which 
are regulated by intergovernmental 
agreements. 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) Unbound except regular flights, which 
are regulated by intergovernmental 
agreements. 
4) Unbound except as indicated in the 
horizontal section  
(c) Rental of aircraft with crew
 (CPC 734) 1) None 
2) None 
3) None. The period of work of a foreign 
crew on a rented aeroplane is determined by the Air Transport 
Department of Georgia on the basis of 
agreement. This period depends on the period which is necessary for the 
preparation of a Georgian crew to 
replace the foreign crew. 1) None 
2) None 
3) None   
 4) Unbound except as indicated in the 
horizontal section 4) Unbound except as indicated in the 
horizontal section  
(d) Maintenance and repair of 
vessels 
 (CPC 8868)**  1) Unbound* 
2) None 3) Unbound* 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 3) Unbound* 
4) Unbound except as indicated in the 
horizontal section  
E. Rail Transport Services  
 Railroad is State property and 
State has the monopoly right on 
it. (CPC 7111, 7112, 7113) 1) Unbound 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
(d) Maintenance and repair of 
rail transport equipment 
 (CPC 8868)** 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section   WT/ACC/SPEC/GEO/3 
Page 24  
Mode(s) of Supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons 
Sector or Sub-sector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
F. Road Transport Services     
(c) Passenger transportation 
(CPC 7121+7122) 1) None 
2) None 3) Unbound except passenger 
transportation by regular trips, which is 
regulated by intergovernmental agreements 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) Unbound except passenger 
transportation by regular trips, which is 
regulated by intergovernmental agreements 
4) Unbound except as indicated in the 
horizontal section  
(d) Maintenance and repair of 
road transport equipment 
 (CPC 8868**) 1) Unbound* 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) Unbound* 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section  
G. Pipeline Transport  
 
Pipeline is State property and State has the monopoly right on 
it. 
(CPC 7131, 7139) 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section  
12. OTHER SERVICES NOT INCLUDED ELSEWHERE 
 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section 1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section  
__________