Located in the Caucasus region, on the coast of the Black Sea, Georgia is geographically well positioned as a gateway between Europe and Asia. The country is perfectly situated for easy access to most major European, Central Asian and Middle Eastern markets and has free trade agreements (FTAs) with most of them. In this way, Georgia already boasts majority of the preconditions required to become a regional financial and business center.
Today, Georgia has a strong investment offer - it has liberal and free market oriented economic policy, access to 2.3 billion consumer market through its solid FTA network including both EU and China, educated, skilled and competitively priced workforce, 6 types of low and flat taxes, significantly decreased number of licenses and permissions, well developed, integrated and multimodal transport infrastructure.
Georgia is making huge amounts of investments in infrastructure and education to support tomorrow’s demands of large-scale impact investments. When combined with the country’s strategic location, its attractions are clear to international investors. Since regaining independence from the Soviet Union in 1991, effective reforms in economic policies and governance have earned Georgia a reputation of top regional and global reformer.
The country's ambitious objectives to be one of the best investment locations on the world map are reflected in number of different well-recognized international rankings, where Georgia maintains strong positions. For example, Georgia holds 7th position in World Bank’s 2020 “Ease of Doing Business Index”. Foreign-owned businesses make significant contribution to the Georgian economy and its great position for deepening links between Europe and Asia will further raise country’s productivity - via the transfer of technology, by increased export-oriented investments and stronger regional competition positions.
Georgia is a great destination for companies from all around the world, whether it’s to enter the regional market itself, the European market, or the broader Asian markets. It is a country full of young, dynamic and skilled people and an ‘Open Door Policy’ to help foreign and local companies grow in and via Georgia. The aim of this publication is to present current investment portfolio. The projects outlined demonstrate Georgia’s strengths and highlight what makes this beautiful, diverse country, such an attractive destination for investment and business.
Top Reasons to do business in Georgia
• A politically stable investment destination
• Efficient, pro-business and corruption-free government
• Free trade agreement with 2.3 billion markets
• Competitive cost of labor and energy
• Entry gate between Europe and Asia
• Stable Macroeconomic situation and solid sovereign balance sheet
• Simple, low and efficient taxation
• 7th easiest country to do business in (World Bank’s Ease of Doing Business Report 2020)
• 12th by Heritage Foundation’s Economic Freedom Index 2020 (among 180 countries)
• 6th safest country in the world (Numbeo’s Crime Index, 2019)
• Fast Growing Economy – GDP of Georgia has permanently been increasing throughout last 4 years with around 4.4% average annual rate
• Corruption – free destination – According to the Transparency International’s Global Corruption Barometer, Georgia is perceived as a corruption free destination.
• Growth – friendly tax policy – According to the 2018-2019 World Bank Report, Georgia has one of the lowest taxes worldwide standing at 3rd position with 9.9% total tax rate.
• Young, Skilled and Competitively priced labor force – Georgia is inhabited by young, dynamic, multi-talented and relatively well-educated labor, ready to take new challenges.