Doing business in Georgia
Georgia is a burgeoning economic hub in the Caucasus. It is located at the crossroads of the continents of Eastern Europe and Western Asia, and it has had years of strong economic growth, earning it a reputation as one of Europe’s and Central Asia’s most reliable economies.
Georgia has traditionally appealed to foreign traders, investors, and entrepreneurs due to its geographically advantageous location and abundance of natural resources. With a GDP growth rate of 4.8 percent, it is placed 6th in the World Bank’s ease of doing business rankings. It is regarded as one of the world’s most stable economies, making it an ideal location for you to start a business.
Tax rates are quite low, and some foreign investments are subject to specific tax restrictions.
All Georgian enterprises that produce goods for export are eligible to apply for a special Internal Processing Customs Regime license, which allows them to import raw materials without paying customs taxes or VAT.
Our comprehensive business solutions will assist you in establishing and running your desired business in Georgia
Setup Business
We assist you in setting up your company through counseling and incubation, from incorporation, registration, and licensing through tax consultation.
Form a business
Our services adhere to the most up-to-date professional standards necessary to keep an investor’s business on track. We believe in delivering not only exceptional business outcomes but also long-term success.
Transfer business
We provide a satisfactory business transfer process in Georgia and everything in-between.
Business overview in Georgia
Georgia is one of the most competitive markets in the area, with a plethora of incentives for the growth of the business climate. Georgia has three industrial zones in Poti, Kutaisi, and Tbilisi, each designed to meet the demands of a unique economic sector.
One of the main benefits of commencing the business formation process in Georgia in one of the country’s free economic zones is the tax benefits available to investors since these locations offer unique tax exemptions based on the company’s operations. For example, in the instance of a firm exporting goods, the single tax that will be applied to the company will be personal income tax.