Georgia is located in southwestern Asia, bordering the Black Sea, between Turkey and Russia. Georgia views itself as part of Europe, geopolitically.
An attractive and liberal investment environment and an equal approach to local and foreign investors make the country an attractive destination for foreign direct investment (FDI). Large inflows of FDI have been a driving factor behind rapid economic growth in Georgia since 2003.
Georgia has the most liberal tax jurisdiction in Europe. The number of taxes has decreased from 21 to only 6, with tax rates also lowered. In addition, significant procedural and institutional reforms have been implemented.
The modernisation of the system of licences and permits has resulted in a decrease in the number of licences and permits required and the simplification of related administrative procedures. Procedures are simple and efficient, and based on a transparent system that promotes the establishment of new enterprises.
As industries in Georgia develop, firms and investors are looking for opportunities to invest. The combination of dynamic growth, pro-business legislation, a liberal tax code, a strong legal framework to protect investors and an educated and skilled workforce present a solid platform for successful business opportunities in Georgia.