Why invest in Georgia?
The Country’s advantages include high political, fiscal and social stability, which warrant strong economic foundations as well as its central location in Eurasia. Also, Georgia demonstrates most dynamic economic growth in Europe, true multiculturalism, but also the undeniable quality of life.
World’s leading performer – Georgia is consistently ranked as a prominent performer by international institutions:
7th by World Bank’s Ease of Doing Business (among 190 countries);
12th by Heritage Foundation’s Economic Freedom Index 2020 (among 180 countries).
Strategic Geographic Location – Located at the crossroads of Europe and Asia, Georgia is serving as a bridge and shortest route for transportation of goods.
Free Trade Agreements with 2.3 bln consumer market - Georgia has Deep and Comprehensive Free Trade Area (DCFTA) with EU, Free Trade Agreements (FTA) with Turkey, Ukraine, China (including Hong Kong), EFTA and CIS countries (including Russia, Kazakhstan etc.). Additionally, Georgia is the beneficiary of GSP regime of the following countries: USA, Japan and Canada
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 on the 3rd position with 9,9% total tax rate. In 2017, Government of Georgia implemented new tax policy. In new model of taxation system, retained earnings are free of tax – meaning profit tax is deductible only in case of profit distribution.
Young, skilled and competitively priced labor force – Georgia is inhabited by young, dynamic, multi-lingual and relatively well-educated labor, ready to take on new challenges.
Granting Access to the Opportunities of Europe & Asia | |
| 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 the majority of the preconditions required to become a regional financial and business center. Today, Georgia has a strong investment offer - It has a stable and growing economy, thriving cities, and competitive costs for operating business. The country 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, it’s attractions are clear to international investors. Since emerging from the collapsing Soviet Union and regaining independence in 1991, effective reforms in economic policies and governance have earned Georgia a reputation as the top regional and global reformer. Today, stable economic development, liberal and free market-oriented economic policy, only 6 types of low, flat taxes, significantly decreased number of licenses and permissions, significantly simplified administrative procedures, access to 2.3 billion consumer market through its solid FTA network including both EU and China, advantageous geographic location, well developed, integrated and multimodal transport infrastructure, educated, skilled and competitively priced workforce presents a solid ground for successful business in Georgia. | The Georgian economy remains on the path of sustained economic growth. Economic output expanded by 5.1 percent in 2019, driven largely by growth in trade, hospitality & real estate, transport and financial sectors. Combined with thriving tourism and rising exports of goods, direct foreign investments into Georgia are projected to remain robust. The country's ambitious objectives to be one of the best investment locations on the world map are reflected in the 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 contributions to the Georgian economy and its great position for deepening links between Europe and Asia will further raise country 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 the 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. Below, you can use our tool to Benchmark Georgia against other countries by various indicators. |