In 2019, Georgian banks opened accounts without any hindrances for companies with non-residents among the founders. However, at the moment, the situation has changed dramatically, and now it has become very difficult to independently create a full-fledged company in the country. Georgian banks are no longer accepting documents from newly `established legal entities with foreign participation. However, based […]
Thanks to successful outcome of conducted reforms, Georgia was able to set up excellent conditions for doing business, including foreign businesses. Large number of companies here are registered by citizens of Russia, Ukraine, Turkey, Armenia, Iran, since the conditions for export activities in Georgia are considered the best in the Black Sea region. In addition, the country’s successes were marked […]
The onset of heavy economic downturn is not far off, and many businesspeople have already been thinking about new ways to optimize their business so as to avoid drastic declines in their profits. Georgia is one of the few countries nowadays, which offers a realistic opportunity to reduce tax and fiscal expenses, while maintaining high confidentiality […]
It is possible to open a company remotely in the Free Industrial Zone of Georgia with a corporate account. You will not be required to visit Georgia personally to get involved in the preparation of documents and communication with managers. We will take care of all the documentation exchange and negotiation procedures, and you will receive a […]
A company in Georgia can bring many benefits to non-residents. Having registered such a company, you may optimize taxation as well as obtain other advantages. Moreover, the Georgian jurisdiction is very attractive die to its confidentiality. Let us remind that Georgia does not participate in the automatic exchange of fiscal data with other countries (CRS). […]
Non-residents may easily register LLC in Georgia. This country offers nice conditions for starting business. Efforts of the Georgian governments aimed at organization of a favorable investing climate could not have gone unnoticed by the global community. In 2019, The World Bank in its rating Doing Business placed this small Caucasian country on the 6 […]
Having heard the word “Georgia”, most of us immediately imagine mountains, the Black Sea, wine, hachapuri, and hospitable people in their minds. This all, together with historic monuments and beautiful nature, attracts tourists from around the world. Thus, during July of 2019 Georgia was visited by 1,099 million of foreigners, which is 5,8% more than […]
Establishing a company in Georgia in 2019 from the point of increasing productivity of business is attractive for many non-residents. A small Caucasian country draws non-residents in with the possibility of optimizing taxation and with a free exit of products marked “Made in Georgia” to markets of Europe and China. The latter is especially relevant […]
We recommend non-residents to consider an option of establishing a company in Georgia in 2019 by many reasons. The country provides favorable conditions for making business: simplicity of registration of legal entities and sole proprietors, absence of red tape, beneficial and clear terms of taxation, high quality of service, and what is most important for […]
Georgia has been paying much attention to creating an image of the country where it is possible and reasonable to spend a vacation and to make business successfully. As result of reformations take by the government, registration of new companies in the country became much easier; the tax system has become one of the most […]
Georgia has been attracting investors from all over the world for several decades already. The state administration actively works on simplification on procedures of registration of legal entities and proprietors, lower taxes, and creates zones with beneficial taxation. The favorable investment climate of the country was marked by the World Bank, which in 2018 placed […]
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 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 […]