Business in Georgia

Georgia’s strategic location at the crossroads of Europe and Asia, along with its historical ties to the Silk Road, provides businesses with a unique advantage for international trade. The country’s pro-business environment is characterized by low corporate tax rates and incentives, fostering sustainable growth.

Significant economic reforms and effective governance have positioned Georgia as a “star reformer,” earning accolades for its favorable business climate. To bolster the private sector, Georgia has introduced rules and regulations that make it easier to do business, and the country’s international ratings on governance and the investment climate have soared. The Deep and Comprehensive Free Trade Area agreement with the EU and the Free Trade Agreement with China are set to enhance trade integration, particularly in energy, tourism, and agribusiness sectors.

For centuries, Georgia’s location along the Silk Road, and other heavily traveled trading routes between Europe and Asia, has provided an undeniable economic advantage. Today, this strategic location continues to provide opportunity, giving Georgia ready access to foreign markets and a large number of international trading partners. It has one of the lowest and most manageable tax regimes in the world, an improving and more stable political and business climate, relatively low operating costs and an increasingly supportive government.

Georgia’s thriving economic landscape is evident in significant advancements. The Heritage Foundation’s Index of Economic Freedom positions Georgia at an impressive 16th out of 178 countries, showcasing an outstanding leap of 83 spots within a decade. Furthermore, the World Bank’s assessment of ease of doing business places Georgia at a commendable 7th position among 190 countries.

PREFERENTIAL TRADE REGIMES

Deep and Comprehensive Free Trade Area (DCFTA) with EU;
Free Trade Agreement with the People’s Republic of China (Including Hong Kong);
Free Trade Agreements (FTA) with EFTA Countries (Iceland, Norway, Switzerland, and Liechtenstein), Ukraine, Turkey and CIS countries;
GSP agreement with USA, Canada and Japan;
Member of WTO;
Very simple and service oriented customs policy and administration – customs clearance in 15 minutes;
80% of goods are free from import tariffs;
No quantitative restrictions.

These factors collectively contribute to Georgia’s status as an advantageous hub for international business.

Transforming Georgian Ventures into Global Success Stories.