Business relocation to Georgia
Benefits of relocation of business to Georgia:
- Strategic geographical location (i.e. a door to Russia and the Eurasian Economic Union, a single market of 183 million people, as well as to China and to Central Asia) and ease of travel to Europe and East Asia with direct flights to major destinations;
- The EU and Georgia signed an Association Agreement on 27 June 2014, which entered into force since 1 July 2016. The agreement introduces a preferential trade regime – the Deep and Comprehensive Free Trade Area (DCFTA). This regime increases market access between the EU and Georgia based on having better matched regulations;
- Georgian Language is the official language in Georgia. Residents of Georgia, approximately above 40 years, have good command of Russian. English language is quite commonplace across all ages;
- Flexible legal forms of doing business;
- A developed and stable banking system, advanced digital banking infrastructure, liberal approach towards foreign capital and foreign currency, internationally-oriented banking regulations;
- The visa policy of Georgia allows citizens of 98 countries to enter, reside, work and study in Georgia for 1 full year without the necessity to obtain either visa or residence permit;
- Low tax rates and preferences, especially as regards CIT, which aims to bolster corporate growth;
- Low cost of labor and utilities.
