Investment climate in Georgia

Legal framework and opportunities for investors

The best country in the world for IT business. Why is Georgia better than Silicon valley?

06/08/2020
The best country in the world for IT business. Why is Georgia better than Silicon valley?

IT is one of the most promising business sectors with one of the best indicators of efficiency and profitability. Today it is much more profitable to engage in IT activities than in manufacturing and many other types of services. In this business, the audience of end users is almost limitless – having created a successful… Read full article →

Overview of Georgia's energy sector

01/07/2020
Overview of Georgia's energy sector

STRONG DEMAND GROWTH PROSPECTS

Domestic Demand growth, which is expected to grow in line with GDP, requires
an extension of Power generation by around 65% until 2025 Georgia is surrounded by countries with a projected structural power deficit
(e.g. Turkey, Southern Districts of Russia) or expensive power generation, opening up attractive export opportunities HUGE UNTAPPED POTENTIAL 
75% of… Read full article →

Investment opportunities in Georgia

01/07/2020
Investment opportunities in Georgia

CONSIDERING COUNTRY’S COMPETITIVE ADVANTAGES, KPMG IT&BPO SECTOR
RESEARCH HAS REVEALED 6 SUB-SECTORS WITH HIGHEST POTENTIAL:
FINANCE AND ACCOUNTING SERVICES (F&A)

Fresh talent in is expected to come from Economics and business faculty which is the top faculty in Georgia, showing 38% growth in the last 2 years Quality of fresh F&A talent with basic skills is assessed as
Read full article →

Developed infrastructure and favorable business environment in Georgia

01/07/2020
Developed infrastructure and favorable business environment in Georgia

FAVORABLE LABOR AND TAX LEGISLATION INFRASTRUCTURE & BUSINESS COSTS

No minimum wage regulations - compensation
for labor depends on the agreement between employee and employer No social security or insurance tax – The only
tax payable based on the salary is personal income tax, which is flat 20%. Georgia provides a profit tax exemption to
legal entities of… Read full article →

Business process outsorcing (BPO) in Georgia

01/07/2020
Business process outsorcing (BPO) in Georgia

YOUNG, ENERGETIC AND COMPETITIVELY PRICED LABOR FORCE

54% of the unemployed population are in 20-40 age category
Average monthly salary in 2016 for BPO sector was 340 USD
During last 5 years 127,950 students graduated from Higher education programs
According to BPO Sector Research prepared by KPMG, there is about 9 thousand
(0.5% of population) readily employable talent pool for… Read full article →

Overview of Georgia's manufactirung sector

30/06/2020
Overview of Georgia's manufactirung sector

Growing regional market - Companies operating in Georgia can benefit from the growing regional market and various regional import substitution opportunities 
Access to 2.3 billion markets without Customs Duty - Georgia has Free Trade Agreements (FTA) with Turkey, EFTA and CIS countries, Deep and Comprehensive Free Trade Area (DCFTA) with EU and FTA with the People’s… Read full article →

Why to invest in hospitality and real estate in Georgia

29/06/2020
Why to invest in hospitality and real estate in Georgia

Continuous Increase of International
Visitors Unique Nature and Culture
Various Type of Resorts and Investment
Opportunities Governmental Incentives AvailableNo Real Estate Ownership RestrictionsVisa Free Regime with 98 Countries
5th safest country in the world
(Source: Numbeo’s Crime Index 2018)Georgia has proved to be a highly desirable
location for the hospitality and real restate sector.
Average duration of stay - 5… Read full article →

Advantages of investment climate in Georgia

29/06/2020
Advantages of investment climate in Georgia

A politically stable investment destination

Efficient, pro-business and corruption-free government Free trade agreement with 2.3 billion markets Competitive cost of labor and energy 
Entry gate between Europe and Asia 
Stable Macroeconomic situation and solid sovereign balance sheet Simple, low and efficient taxation 
9th easiest country to do business in (World Bank’s Ease of Doing Business Report 2018) 
5th safest country… Read full article →

Georgia. Economic outlook

24/06/2020
Georgia. Economic outlook

Georgian economy performed well in 2017; GDP growth picked up to 4.8%.This boost was largely driven by double-digit export growth that worked to improve the trade balance. Based on preliminary data, it is estimated that the annual export rate grew by 29% year-over-year (y-o-y). According to the National Bank of Georgia’s preliminary data tourism revenues… Read full article →

Georgia. Country profile

24/06/2020
Georgia. Country profile

Georgia is the most active economic center in the region. With a liberal tax code, corruption free government, and significant opportunities for foreign investment, it provides a highly supportive business environment.

At the crossroads of Europe and Asia, Georgia borders Turkey, Armenia, Azerbaijan, and Russia. The country occupies an area of 69,700 square kilometers (sq km)… Read full article →