- Strategic Geographic Location Located at the crossroads of Europe and Central Asia, Georgia’s three major oil and gas pipelines, Black Sea ports, well-developed railway systems, together with its airports are playing an increasingly important role in linking East and West.
- Low Taxes Fewer taxes, lower rates. The employer’s obligation to pay social tax was eliminated starting from Jan. 1, 2008, and a reduced rate was shifted to employees, entailing increase of personal income tax from 12% to 20%. Corporate income tax decreased from 20% to 15%. These changes make Georgia one of the most attractive tax regimes in the region.
- Business Friendly Environment Georgia has been rated as the world's one of the best countries for doing business on the basis of its business infrastructure, financial, legal and professional services, and its low and simple tax system. The WB’s report on Doing Business 2009 can easily prove Georgia as one of the best destination for investors.
This page shows summary Doing Business 2009 data for the selected economy.
Doing Business 2010: Reforming through Difficult Times
That is more than 70 percent of the 183 economies covered by the report— the largest share in any year since the annual report was first published in 2004. And this progress came against the backdrop of a global economic crisis.
Doing Business 2010: Reforming through Difficult Times recorded 287 reforms between June 2008 and May 2009, up 20 percent from the previous year. Reformers around the world focused on making it easier to start and operate businesses, strengthening property rights, and improving commercial dispute resolution and bankruptcy procedures.
The taxation framework in Georgia is as follows:
- 20% flat personal income tax decreasing to 15% by 2012
- 18%VAT
- 15% corporate income tax
- 5% interest income and dividend tax rates decreasing to 0% by 2012
- 1%(max) property tax on the self-assessed value of property
- 0% dividend income tax on dividends from publicly-traded equities from 1 January 2009
- 0% tax on interest income from bank deposits and publicly-traded debt securities (from 1 January 2009)
- 0% capital gains tax
- 0% social insurance or similar taxes
- 0% inheritance tax
- 0% wealth tax
- 0% stamp duty or other transaction-based taxes or levies
- 0% VAT
- 0% customs tax
- 0% property tax
An adjacent area to the port (at least 400ha), along the Black Sea, is proposed for a Free Economic Zone development.
The two projects are available for development jointly or separately.
