DOING BUSINESS IN GEORGIA

business opportunites

  • Located at the crossroads of Europe, Asia, Middle East and Africa
  • Part of One Belt One Road (OBOR) /Silk Road initiatives
  • Georgia, Azerbaijan and Kazakhstan founded consortium which offers single railway tariff across the Middle Corridor TITR Trans-caspian international trasport route (OBOR)
  • Georgia is strategically located to serve as regional transportation and logistics center
  • Access to over 1 billion people markets

GROWING ECONOMY

GEORGIA – SNAPSHOT 2017

Population: ~ 3.7 mln

GDP: USD 15.2 bln* (2017)

GDP/Capita (PPP 2017*): ~ USD 10,650

GDP growth: 4.8% (2017*)

FDI: USD 1.57 bln (2016)

Export: USD 2.73 bln (2017)

Import: USD 7.98 bln (2017)

Unemployment rate: 11.8% (2016)

GROWING ECONOMY

SIMPLE AND BUSINESS FRIENDLY TAX SYSTEM

ONE OF THE WORLD’S FRIENDLIEST TAX REGIMES

2004

2008

2009

2017

NUMBER OF TAXES
21
6
6
6
VAT
20.00%
18.00%
18.00%
18.00%
INCOME TAX
12-20%
SOCIAL TAX + INCOME TAX 32%>25%
SOCIAL TAX + INCOME TAX 32%>25%
20.00%
INCOME TAX
12-20%
SOCIAL TAX + INCOME TAX 32%>25%
SOCIAL TAX + INCOME TAX 32%>25%
20.00%
SOCIAL TAX
33.00%
CORPORATE PROFIT TAX
20.00%
15.00%
15.00%
15.00%
DIVIDED & INTEREST INCOME TAX
10.00%
10.00%
5.00%
5.00%
PROPERTY TAX
UP TO 1%
UP TO 1%
UP TO 1%
UP TO 1%
No wealth tax, inheritance tax or stamp duty
All taxes are flat
No payroll tax or social insurance tax
Foreign-source income of individuals fully exempted
Agreement on the Avoidance of Double Taxation with 47 countries
No capital gains tax

Regional Hub for Doing Business

Regional Hub for Doing Business
0% customs tax on over 80% of imports
0% customs tax on all exports
0% VAT on all exports
Maximum customs tax on imports- 5-12%
 Most Favored Nation (MFN) since 2000
  Ongoing feasibility study

INFRASTRUCTURE DEVELOPMENT: TRANSPORTATION & LOGISTICS

USD 3.5 Billion committed by the Government for road infrastructure improvement
New deep sea port project
Capacity to receive Panamax and Post-Panamax vessels
High capacity – up to 100 mln. tons turnover annually
Opportunities for advanced logistical services
Possibilities for creating industrial clusters
Estimated development cost of Phase I – USD 500 mln.

Geo map with major transportation routes and objects:

PORTS ROADS RAIL ETC
Ongoing road infrastructure upgrades to cut the transportation time by over 2 hours ( > 30%) on main highway transportation route