A very important thing about Georgia is the stability of its banking system. This factor plays a key role in attracting foreign investors and making them deposit their money in Georgian banks. TBC Bank is the leading bank in Georgia. It was established in December 1992 in the capital city of Tbilisi. TBC Bank is […]
A premium service package will give access to a larger spectrum of bank services that the client can use with improved efficiency. Both local citizens and non-residents can open a personal account in the Bank of Georgia with the SOLO service package. Non-residents will be especially interested in receiving high quality bank services as those […]
Georgia attracts investors from all over the world because doing business here is easy. The country has adequate legislation, the government make every effort to attract foreign capital, and the banking system is both stable and reliable. Georgian banks offer a full range of financial services, and their commission fees are lower in comparison to […]
Bank of Georgia is the second largest bank in Georgia. It was established in Tbilisi as far back as 1903. Today this financial institution holds 34.4% of the total assets the Georgian banking system has. Besides, it holds 32.4% of the overall loan portfolio and 33.9% of all deposits. The Bank of Georgia is a […]
Understanding all the importance of the IT sphere, authorities of Georgia in 2010 implemented a special tax regime provided for legal entities that deal with information technologies. Since 2011, companies performing activity related to research, support, development, design and production of computer information systems can obtain a status of a person of a virtual zone. […]
Free industrial zones (FIZ) in Georgia are territories where legal entities may lead business and significantly reduce tax expenses. Companies registered in FIZ are exempted from payment of taxes: on income, on dividends, VAT, and on property. The Free industrial zone Kutaisi is located within the territory of the former automobile factory and is equipped […]
The residence permit of Georgia is of interest to many people, especially those who live in CIS countries and countries bordering with Georgia. In particular, the idea to relocate to Georgia is popular among residents of Russia, Kazakhstan, Azerbaijan, Armenia, Belarus and Ukraine. Recently quite a few residents of Europe and even USA find Georgia […]
The free industrial zone Poti allows significantly reducing costs of business due to less tax burden. Moreover, the zone provides all the conditions for effective operation, with the entire necessary infrastructure: warehouses, offices, land areas, and communications. And of course, the greatest benefit of FIZ Poti is the presence of a big sea port, which […]
Registration of a company in the Free Industrial Zone of Tbilisi is a catching opportunity for investors to start their businesses in the capital of Georgia on beneficial terms. Due to the absence of taxation, legal entities and sole proprietors registered in the territory of a free zone may significantly diminish their costs and therefore […]