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. 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 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 One of Georgia's goals is to become an information technology center in the region, and since 2011 the country has been attracting international investment and stimulating the IT business. Even from January 1, 2011 law on information technology zones came into force, changes were made to[...]
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1. Introduction One of the most privileged and popular status among other statuses provided by Georgian tax legislation is the Free Industrial Zone Company (hereinafter “FIZ Company” or ”FIZ Enterprise”). Entities with this status are exempt from almost any taxes and enjoy favorable customs framework. That’s why the temptation[...]
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Georgia is a great destination for investors and companies from all around the world with stable economic development, liberal and free market oriented economic policy, low tax rates, significantly simplified administrative procedures, low level of corruption and bureaucracy, significantly decreased number of licenses and permissions, competitively priced workforce,[...]
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