If you own a particular type of IT company set up in Georgia and you have international clients you might profit from a special tax status. This particular status is regulated by Ordinance No4064-RS (15 December 2010) of the Government of Georgia, named "Law of Georgia on Information Technology Zones''.…
Kutaisi is the second largest city in Georgia, which accommodates approximately 27% of the country’s entire population. Those who want to open a company in Georgia in the city of Kutaisi may start their operations in one of the top economic activities developed here, which are mainly comprised of the services and trade sectors. Other industries which…
Through positive government regulations addressed to the business market, Georgia is now one of the most preferred investment destinations in its region. Investors who want to open a company in Georgia can benefit from numerous incentives in a country which ranked on the 16th place for the ease of doing business in the latest edition of…
The EORI refers to the procedure for Economic Operators Registration and Identification, introduced under the regulations of the European Union (EU). The EORI system was introduced for safety measures related to the goods and products traded inside the EU. Investors who want to open a company in Georgia performing trading activities on the EU’s market will need an EORI number assigned by a customs authority…
The fast moving consumer goods (FMGC) sector in Georgia is a developed field of activity, mainly comprised of grocery and non-grocery companies. Investors who are interested in starting the procedure of company registration in Georgia in the FMCG field should take into consideration that the grocery sub-sector is the most developed one, as numerous companies expand their activities due to the local…
Prior to opening a shop in Georgia, the company’s representatives should take care of specific aspects related to the identity of the shop, the business licenses that might be required, the legal documents that must be concluded and other relevant matters. In order to open a company in Georgia which performs business activities as a shop, the investors will…
A trust in Georgia is established as a fiduciary relation between three parties, in which a party grants a trustee the right to manage various assets. In order to open a company in Georgia set up as a trust, the parties will need to conclude a trust document, generally referred to as a trust deed. Our team of company formation representatives in Georgia can…
Georgia can represent the ideal location for starting an information technology (IT) company, as the field has been developing at a fast pace in the last years. Investors interested in opening a company in Georgia in the IT sector should know that at the level of 2009, only 20% of the population had internet access and only few…
Georgia is an attractive business destination, as it serves as a connection market between Europe and Asia. Numerous business fields have increased their activities and investors who want to open a company in Georgia may start a business here by buying a company that is available for purchase. As a general rule, this type of company is known as…
The Georgian investment fund market is not as developed as the ones available in the European Union, but the latest efforts of the Georgian authorities are changing many aspect of the business and financial market, as more and more programmes are available for foreign investors, providing attractive policies. The investment fund legislation in Georgia has recently…
