Sakstat Questionnaire. What it is and how to fill out the questionnaire for foreign entrepreneurs in Georgia

Foreign entrepreneurs who have registered their companies in Georgia may receive a notification about the need to fill out the Sakstat questionnaire. What it is, why it is important to provide data on time, indicated in the questionnaire, and to whom to send the report, is explained in this article.

Who is required to fill out the Sakstat questionnaire in Georgia

Georgian statistical legislation allows Geostat of Georgia to demand statistical information from all organizations in the country. Thus, non-residents of Georgia may receive a notification-request to fill out the Sakstat questionnaire via email.

Statistics are collected quarterly and annually. This does not mean that you will have to fill out the report every time. The questionnaire is filled out only in case of receiving a notification via email.

Refusal or failure to provide reporting may result in a fine of up to five hundred lari for the business owner in Georgia.

What is indicated in the Sakstat questionnaire in Georgia

When receiving a notification, foreign entrepreneurs in Georgia must provide information about the main type of activity and services provided, whether the export or import of goods or services is carried out in the organization, whether cooperation with other non-residents is taking place.

Also indicated are information about the authorized capital and turnover of the company, profits and dividends, loans, and other data necessary for statistics collection.

Confidentiality of data when filling out the Sakstat questionnaire

As with other issues of security and confidentiality, Georgia guarantees that data transmitted in the Sakstat questionnaire will not be disclosed to other sources and will only be used for statistical purposes.

Usually, non-residents of Georgia do not have problems filling out the statistics report. In any case, each business owner who receives a link to fill out the Sakstat questionnaire is accompanied by a Geostat employee. In case of any questions, he will be happy to resolve any issues.