BUSINESS CLIMATE IN GEORGIA

Stable political environment, liberal and free market economy, competitively priced workforce, only 6 flat taxes, preferential trade regimes and developed transport infrastructure makes Georgia an attractive destination for foreign investments. Georgia has signed Bilateral Investment Treaties (BIT’S) with 32 countries and is member of ICSID Convention since 1992.

Georgia received a ranking of 9th among 190 economies in Doing Business 2017: Equal Opportunity for All, released by World Bank.

In the region, Georgia ranks third, with Former Yugoslav Republic of Macedonia being the region’s highest ranked economy, followed by Latvia. Georgia is also among the top 10 global improvers for implementing reforms to their business regulations.

Georgia’s liberal trade regimes provide investors with a favorable opportunity to not only access the country’s 3.7 m residents, but the wider region’s markets, as a direct result of the absence of customs and import tariffs. To date, Georgia has signed FTAs with CIS countries that include Ukraine, Belarus, Moldova, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan, as well as its neighbors, Turkey, Azerbaijan and Armenia.