Availability of a corporate account is a mandatory attributive of every legal entity. Without a corporate account it will be impossible to make effective business. Particularly selection of a bank for further cooperation is an important stage in making business in Georgia. Absolutely any non-resident who plans to register a company here needs high-quality bank […]
Georgia does not participate in the system of automatic exchange of information between tax bodies of different countries. Owing to this many non-residents, especially from neighbor countries, began to consider this jurisdiction as another option for their cash flows. Interest in Georgia has increased even more after toughening of the bank policy regarding non-residents among […]
Georgian Free Industrial Zones (FIZ) provide for a good opportunity to improve a business company performance by lessening the tax burden. Companies registered in such Zones do not pay the VAT, the profit as well as the dividend taxes. By creating beneficial conditions for doing business in FIZ, the Georgian government has made many foreign […]
Owing to a moderate level of taxation, simple registration and business leading, low cost of bank services, and all-round state support, popularity of Georgia among foreign investors had greatly increased. Many citizens of CIS and neighbor countries consider Georgia as one of the places for making business. The reason is not only the loyal system […]
Acting as a sole proprietor is the most popular form of business in Georgia. As of 1 February, 2019, the number of active sole proprietors in the country made 96 866, which is 53,63% of the total number of all active economic subjects. The interest in this form of business is explained by simplicity of registration. […]
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 […]