0186, Tbilisi, Georgia
Monday to Saturday
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[...]
Read More
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[...]
Read More
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[...]
Read More
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. Visa Requirements There are certain restrictions for those wishing to visit Georgia during COVID-19 pandemic . 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 visa). Certain international[...]
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