0186, Tbilisi, Georgia
Monday to Saturday
After a 10-year pause, Georgia has successfully returned to the international securities market and was able to place a Eurobond at an unprecedentedly low price for the country. The demand of investors was four times more than the amount of the bond, which once again underscores their confidence[...]
Read More
1. Introduction In order to attract foreign investment and boost the economy chapter XII of the Tax Code of Georgia offers a special taxation regime for small business entrepreneurs, which imposes significant tax benefits. In general, according to Georgian lax legislation, the income of a natural person is[...]
Read More
1. Introduction In order to further improve the business environment in the country, strengthen Georgia's potential as a regional hub, and increase the interest of multinational international companies, the Government of Georgia allows companies to obtain "Special Trading Company" status and benefit from corporate profit tax. This status[...]
Read More
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[...]
Read More
1. Introduction Georgian Government has ruled new COVID-19 restrictions coming into force on November 28, 2020 and apply until January 31, 2021. The movement of persons throughout the country from 21:00 to 05:00 is prohibited, both on foot and by transport, as well as being in public space.[...]
Read More
1. Introduction The new state program "Mechanism for Promoting Foreign Investment Projects" (FDI grant in Georgia) was approved by the government on November 19, 2020. The program will be implemented by the agency Enterprise Georgia, who had been working on developing the program for past several months. The[...]
Read More
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.[...]
Read More
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[...]
Read More
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[...]
Read More
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[...]
Read More