0179, Tbilisi, Georgia
Monday to Saturday
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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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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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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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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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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1. Introduction In order to attract foreign investment and boost economy chapter XII of the Tax Code of Georgia offers a special taxation regime for small business entrepreneurs, which imposes significant tax benefits. In general, according to Georgian lax legislation the income of a natural person is taxed[...]
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1. Introduction Georgian Government has ruled new COVID-19 restrictions coming into force on November 28, 2020 and apply until January 31, 2021. The movement of persons throughout the country from 21:00 to 05:00 is prohibited, both on foot and by transport, as well as being in public space.[...]
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1. Introduction The new state program "Mechanism for Promoting Foreign Investment Projects" (FDI grant in Georgia) was approved by the government on November 19, 2020. The program will be implemented by the agency Enterprise Georgia, who had been working on developing the program for past several months. The[...]
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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 International Company status and benefit from tax breaks. The benefit[...]
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1. Introduction As part of the strategy to gradually open the country and to boost the tourism industry the Georgian Government has decided to allow foreign citizens to enter Georgia under a special regime. A new platform " Remotely from Georgia" has been launched for foreign citizens wishing[...]
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