Why invest in Georgia: Georgia has one of the most competitive markets in its region, which offers numerous incentives for the development of the business environment. Georgia offers three industrial zones, created to cater to the needs of specific business sectors and they are to be found in Poti, Kutaisi, and Tbilisi.
One of the main advantages for starting the procedure of company formation in Georgia in one of its free economic zones refers to the tax advantages the investors can receive, as such areas provide specific tax exemptions, depending on the company’s activities. For example, in the case of a company exporting goods, the personal income tax will be the single tax that will be applied to the company.
Investors who want to open a company in Georgia can also benefit from the provisions of the double taxation treaties signed in this country, as long as they are tax residents of one of the countries with which the Georgian authorities have concluded an agreement in this sense. At the moment, Georgia has 54 treaties for the avoidance of double taxation.
Investors who want to expand their business activities in a foreign country should take into consideration that Georgia became one of the most attractive business locations in the European and Central Asian region. World Bank Group (WBG) has recently presented the “Measuring Regulatory Quality and Efficiency” report, in which Georgia ranked as the 4th economy in the European and Central Asian region in terms of ease of doing business. If you are interested in the business environment in Georgia, our Georgian company formation specialists can provide you with an in-depth presentation on this matter.