In Batumi, as in Georgia overall, tourism industry has recorded another highest level in tourist inflow figures: thus, more than 2 million people visited the city in 2019 (+ 3.7% growth from the previous year). Moreover, according to estimates, the inflow of travelers in the region will only continue to grow in the coming periods. The development […]
In accordance with the Law of Georgia on Accounting, Reporting and Auditing, enterprises that belong to the 1st, 2nd and 3rd categories, as well as organizations representing public interests are required to publish their annual financial statements in a dedicated platform SARAS ( Service for Accounting , Reporting and Auditing Supervision). Starting from 2021, compliance […]
The good news is privatization auction in Georgia will be extending to 2020 as well. For the period of two months since its launch, several attractive real estate properties have already been acquired by investors. To complement the sold lots, the Georgian government put up several other attractive properties on the auction list; one of the […]
If you are looking to allocate your available funds so that they can generate stable passive income in USD in the amount of 5% per annum, then investing in Georgian real estate can be a lucrative option for you. Exactly for this reason, the demand for residential properties in Georgia is very high, especially among foreigners. Comfortable and cozy […]
Would you like to make a promising investment and purchase a potentially profitable asset on attractive terms? If you would, we invite you to consider the auction lot that came up a short while ago: former government dachas in Tskhneti, Georgia. This lot should be interesting for the investors who want to engage into hotel […]
The government presents at the investment auction in Georgia new objects of real estate in replacement of already sold ones. Attractiveness of this project is due to chances of purchasing property at fair prices along with the simplified procedure of privatization. Owing to this, investors who want to open a company in Georgia or expand […]
Opening business in Georgia is quite simple; you also may accelerate the process by purchasing real estate under very beneficial terms. Here we speak of the auction held by the Georgian government, where the state property of various designations (land areas for hotels, manufacture, medical or educational institutions) is “sold out” at fair prices. These […]
Business in Georgia offers wide opportunities for foreign investors. This country provided perfect conditions for making business on a worldwide level: possibility of optimizing taxation, free access of goods to global markets, low cost of company maintenance, and high level of confidentiality of business. At the end of 2019, the government of Georgia decided to […]
The privatization auction in Georgia within the governmental initiative “100 investment offers for business” is a real opportunity for investors to purchase property under very beneficial terms. Apart from available prices, a winner at the auction may also execute the ownership right under the simplified procedure. With the purpose of establishing advantageous terms and increasing […]
In the end of November 2019, the Georgian government announced the start of mass privatization of the state property. Initially it was planned that “sellout” of the property will begin in January 2020; therefore, many investors were not ready for such rampant development of situation. Privatization is a great opportunity for most businessmen to open […]