INFORMATION FOR INVESTMENT IN GEORGIA
FOR INVESTMENT
Within investments, the risks of the investment and its annual returns are the main factors to
consider. To minimize the risks, you can diversify into several sectors or opt to obtain less return on the investment. The sectors we dominate completely and we advise for their profitability are of low to medium risk. On our part, we carry out and look for investments which give us peace of mind and stability in the medium and long term.
* Profitability is subjected to specific product and project.
Our goal is seek for the best option for you.
** Conservative - the security in your investment. Losses are unacceptable.
*** Moderately conservative - there could be little bit of fluctuation
in the investment returns without significant ups and downs.
**** Balanced - few fluctuations to achieve a consistent growth.
TAXES IN GEORGIA
There are only six taxes in Georgia, of which five (personal income tax, corporate income tax, value added tax, excise tax and import tax) are nationwide and one (property tax) is a local tax. There are no capital gains inheritance, wealth, property transfer, social, branch remittance or other taxes imposed in Georgia.
In addition, Georgia has the possibility of creating companies within a FREE ZONE with important fiscal advantages.
We have to consider the advantage of the Double Taxation Avoidance Treaty signed between the Governments of Spain and Georgia in 2014. Georgia has 56 active agreements in this sense.
OPENING COMPANY IN GEORGIA
The constitution of a company in Georgia is quite fast. We can register any type of company once we have all
the required documentation within a maximum period of 24 hours, after what you can start operating with it.
Legal Forms of Enterprises in Georgia.
The Law of Georgia on Entrepreneurs (hereinafter LOE) sets forth an exhaustive list of enterprises that can
be established in Georgia and they are here as follows:
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Joint Stock Company (JSC)
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Limited Liability Company (LLC)
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General Partnership (GP)
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Limited Partnership (LP)
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Cooperative (CO)
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Individual Enterprise (IE)
The regulations contained in the LOE equally apply to foreign and local companies. Therefore, foreign nationals
are eligible to incorporate legal entities enlisted herein, considering the absence of any applicable legal limitation.
A company registered under the laws of Georgia must have its Charter (otherwise referred as Articles of Association, Bylaws) containing the identification data of the company and rules governing the corporate structure. The Charter
must be presented to the Public Registry for the registration purposes and should be maintained at the company itself. Stipulated that the Charter of the company is publicly available, the founder(s) of the company may additionally conclude the Shareholders creditors is limited to its entire property LLC may be established by any individual or legal entity. The capital of the company is divided into shares and unlike the JSC, the partners thereof can not issue any additional shares.
WHY INVEST IN GEORGIA
Advantages of doing business in Georgia:
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A politically stable investment destination
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Efficient, pro-business and corruption-free government
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Enlargement of market size by Free Trade Agreements
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Competitive cost of labor and energy
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Entry gate in the region
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Solid sovereign balance sheet
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Stable banking sector
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Ranked 7th from 190 countries in Ease of Doing Business 2020 (World Bank Group)
EASE OF DOING BUSINESS 2020 (WBG)
