0186, Tbilisi, Georgia
Monday to Saturday
Introduction Recently, crypto technologies have become very popular in Georgia. Until now, crypto regulation was unregulated in Georgia, which raises the risks of money laundering and terrorist financing, but from January 1, 2023, the National Bank of Georgia began regualtion of the crypto industry. Regulation includes the registration[...]
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Introduction According to the order of the head of the Revenue Service N33544 of December 29, 2022, the methodical instruction was approved on the taxation of virtual zone IT company in Georgia. The methodological reference explains the rules related to granting and canceling the status of virtual zone[...]
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Introduction According to the order of the head of the Revenue Service N33543 of December 29, 2022, the methodical instruction on taxation of Free Industrial Zone Enterprise was approved. The methodical reference explains the rules of activity of the Free Industrial Zone Enterprise, including the permitted and prohibited[...]
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According to the information of the Ministry of Economy, one of the largest international chemical production companies - Indorama Corporation - entered Georgia. As mentioned in the information released by the Ministry, the Singaporean company has been studying the investment climate and opportunities of Georgia for years, in[...]
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Starlink belonging to the richest man on the planet, Elon Musk, is preparing for operations in Georgia. On June 29, Starlink Holdings Netherlands established a subsidiary "Starlink Georgia" in Georgia and applied to the Communications Commission for authorization. The regulator plans to review the documentation submitted by the[...]
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The British company is leaving Russia - part of the team is already in Tbilisi The British electric car manufacturing company Arrival, which was founded by the Russian billionaire, the former head of Yota and the former deputy minister of communications of Russia, Denis Sverdlov, will stop operating[...]
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1. INTRODUCTION The profit tax rate in Georgia is - 15%. The following shall be subject to profit taxation: 1. Distributed profit; 2. Costs incurred or other payments not related to economic activity; 3. Free delivery of goods/services and/or transfer of funds; 4. Representation expenses paid in excess[...]
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1. INTRODUCTION 1. The legal capacity of natural persons to enter into an employment agreement shall commence from the age of 16. 2. The legal capacity of minors under the age of 16 to enter into an employment agreement shall derive from the consent of their legal representative[...]
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1. Visa Requirements There are new latest COVID19 Regulations in Georgia which will come into force from 01 June 2021. Foreigners who seek to enter Georgia generally must first obtain a Georgian visa, which is placed in the traveler’s passport (a visa blank) or is issued electronically (electronic[...]
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The National Bank of Georgia (NBG) is considering launching a publicly available Central Bank Digital Currency (CBDC) to leverage new technologies to enhance efficiencies of the domestic payment system and financial inclusion. The CBDC is a direct liability of the central bank that can be used to settle[...]
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