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We are glad to welcome you in Georgia - most attractive business destination in the world. Located at the crossroads of Europe and Central Asia, Georgia is a bridge connecting several important economic regions with a total of 827 million people. It is a key link in the shortest transit route between Western Europe and Central Asia.
Georgia is the world’s leading reformer. Its meteoric progress in improving business climate has created fertile ground for business development and foreign investments.
Georgia has low tariffs, streamlined border clearance procedures, and preferential trade regimes with major partners including the European Union, the CIS countries, Turkey, USA, Japan and Canada. Georgia has dramatically simplified licensing and permitting requirements to ease constraints on business.
The taxation framework in Georgia is as follows:
20% flat personal income tax decreasing to 15% by 2012
18%VAT
15% corporate income tax
5% interest income and dividend tax rates decreasing to 0% by 2012
1%(max) property tax on the self-assessed value of property
0% dividend income tax on dividends from publicly-traded equities from 1 January 2009
0% tax on interest income from bank deposits and publicly-traded debt securities (from 1 January 2009)
0% capital gains tax
0% social insurance or similar taxes
0% inheritance tax
0% wealth tax
0% stamp duty or other transaction-based taxes or levies
Free Industrial Zone:
0% VAT
0% customstax
0% property tax
In addition, Georgia is the world’s leader in labor freedom and offers a qualified labor force.
If you are interesting in doing business in Georgia, we will be glad to discuss your proposal in order to prepare specially tailored offer for you.
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