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Archive for 2021
Georgia announcing digital GEL currency project

The National Bank of Georgia (NBG) is considering launching a publicly available Central Bank Digital Currency (CBDC) to leverage new technologies to enhance efficiencies of the domestic payment system and financial inclusion. The CBDC is a direct liability of the central bank that can be used to settle[...]

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April 17, 2021
Georgia Issues $500 Million Eurobonds on the London Stock Exchange

After a 10-year pause, Georgia has successfully returned to the international securities market and was able to place a Eurobond at an unprecedentedly low price for the country. The demand of investors was four times more than the amount of the bond, which once again underscores their confidence[...]

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March 23, 2021
Visiting Georgia During COVID19 (Last Updated 23.03.2020)

1. Visa Requirements There are certain restrictions for those wishing for visiting Georgia during COVID19 pandemic . Foreigners who seek to enter Georgia generally must first obtain a Georgian visa, which is placed in the traveler’s passport (a visa blank) or is issued electronically (electronic visa). Certain international[...]

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Special Trading Company

1. Introduction In order to further improve the business environment in the country, to strengthen Georgia's potential as a regional hub, and to increase the interest of multinational international companies, the Government of Georgia allows companies to obtain Special Trading Company status and benefit from corporate profit tax. [...]

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Taxation of Crypto Assets

1. Introduction Due to the growing interest in crypto assets and cryptocurrencies, the Georgian tax agency has issued a public decision regarding the taxation of crypto assets and delivery of computing speed (capacity) operations in Georgia. The public decision explains: A)  VAT taxation of crypto assets and its[...]

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