Taxation in Georgia: Georgia, a country in the Caucasus region, is located on a crossroad…
What is Georgia 1% tax rate?
What is Georgia 1% tax rate? – Georgia, a country in the Caucasus region, is located on a crossroad between European and Asian markets. Due to Georgia’s business advantages, such as a low-cost workforce, a stable political environment, an attractive tax regime, and a well-developed infrastructure, an increasing number of foreign investors choose to outsource their business activities in Georgia. Moreover, in order to boost the country’s economy, the government of Georgia has concluded bilateral investment treaties with 32 countries.
At present, foreign direct investments comprise almost 10% of the country’s GDP. According to the Georgian National Investment Agency, foreign entrepreneurs mostly choose to develop businesses within the sectors of transport, communication, finance, and construction. One of the main advantages of establishing a company in Georgia is its favorable tax regime. Get In Touch