0186, Tbilisi, Georgia
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1. Introduction to Cryptocurrency Taxation in Georgia Due to the growing interest in cryptocurrencies, the Georgian tax agency has issued a public decision regarding cryptocurrency taxation and delivery of computing speed (capacity) operations in Georgia. The public decision explains: A) VAT taxation of the supply of crypto assets[...]
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1. Introduction In order to further improve the business environment in the country, to strengthen Georgia's potential as a regional hub, and to increase the interest of multinational international IT companies, the Government of Georgia allows companies to obtain "International IT Company" status and benefit from tax breaks.[...]
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1. Introduction One of Georgia’s goals is to become an information technology center in the region, and since 2011 the country has been attracting international investment and stimulating the IT business. Even from January 1, 2011 law on information technology zones came into force, changes were made to[...]
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1. Introduction One of the most privileged and popular statuses among other statuses provided by Georgian tax legislation is the Free Industrial Zone Enterprise (hereinafter “FIZ Enterprise” or ”FIZ Company”). Entities with this status are exempt from almost any taxes and enjoy favorable customs framework. That’s why the temptation[...]
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1. Introduction The documents issued or caused to be issued by the authorities of foreign countries for use in the territory of Georgia needs to be certified, either by having an apostille affixed to it, or legalized. 2. Apostille An Apostille is a French word meaning certification. It[...]
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Business Environment Georgia is a great destination for investors and companies from all around the world with stable economic development, liberal and free market oriented economic policy, low tax rates, significantly simplified administrative procedures, low level of corruption and bureaucracy, significantly decreased number of licenses and permissions, competitively[...]
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