The practice of the legal profession is reserved to Georgian citizens lawyers. However, other persons, including foreigners, can be equity partners in law firms. No shareholding limitation is provided for in the legislation. For the purposes of the OECD FDI Regulatory Restrictiveness Index, it is assumed that foreign persons can hold majority stakes.
"Chapter III.  Lawyer
Article 10. Requirements for a lawyer
1. A lawyer may be a citizen of Georgia who :
A ) has higher legal education ;
B) has passed the Bar Examination in accordance with the procedure established by this Law or has passed the Judicial / Prosecutor's Office qualification examination;
[...]
Chapter V. Organizing Lawyer Activities
Article 18 - Organizational-legal form of law practice
1. An advocate may, individually, together with other advocates or other persons, establish a law firm as a partnership or an entrepreneurial legal person provided for by the Law of Georgia on Entrepreneurs.
2. Information on the establishment of a law firm shall be submitted to the Executive Board of the Georgian Bar Association within 10 days of its establishment. The information should include the address of the law firm, the contact telephone and email address, the name of the lawyer / lawyers united in the law office, and the area of ​​law in which the lawyer / attorneys are / are engaged in law practice.
3. The rules and structure of the organization and work of the Law Bureau shall be determined by the Law Bureau. In dealing with the client on behalf of the Law Bureau, only the attorney exercises the representative powers. [...] (Law on Lawyers, June 20, 2001, amended [google translation])
Law on Lawyers, June 20, 2001, amended [google translation]
[<a href="https://matsne.gov.ge/en/document/view/15472?impose=original&publication=20">Act</a>]