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Posts Tagged: Invest in Georgia
Indorama Corporation, one of the largest international companies entered Georgia

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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Elon Musk’s Starlink establisheda company in Georgia

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 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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National Bank of Georgia announcing Digital GEL project

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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Georgia Issues $500 Million Eurobonds on the London Stock Exchange

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[...]

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FDI Grant – The State Program

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[...]

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Free Industrial Zone Enterprise

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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Doing Business in Georgia

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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