{"id":231,"date":"2023-04-13T10:08:23","date_gmt":"2023-04-13T10:08:23","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=231"},"modified":"2023-04-13T10:08:26","modified_gmt":"2023-04-13T10:08:26","slug":"imports-and-exports-in-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/","title":{"rendered":"Imports and Exports in Georgia"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Due to its geographical position,&nbsp;<strong>Georgia&nbsp;<\/strong>has a long tradition in&nbsp;<strong>developing import and export operations<\/strong>. The country is located between the Western and the Eastern worlds, and has important terrestrial roads and well as maritime routes.&nbsp;<strong>Georgia<\/strong>&nbsp;has had over the year numerous types of&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/invest-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>investment policies<\/strong><\/a>&nbsp;that aimed at attracting foreign investors, but in the last decade the country has become a central point of interest for foreign businessmen due to very attractive tax policies and relaxed investment requirements.&nbsp;<\/p>\n\n\n\n<p>At the moment, the country enjoys from a liberal market and has a stable financial development, these being factors that have helped the&nbsp;<strong>development of import-export activities<\/strong>&nbsp;as well.<strong>&nbsp;Our specialists in<\/strong><strong>company formation in Georgia<\/strong>&nbsp;can give you complete information about the special approvals, permits and licenses that you will need in order to engage in&nbsp;<strong>trade activities in Georgia<\/strong>.&nbsp;<strong>Our team<\/strong>&nbsp;can also help you<strong>&nbsp;open a company in Georgia<\/strong>.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/#exports-from-georgia\" title=\"Exports from Georgia\">Exports from Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/#opportunities-for-development-in-georgia\" title=\"Opportunities for development in Georgia\">Opportunities for development in Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/#imports-to-georgia\" title=\"Imports to Georgia\">Imports to Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/#what-are-the-main-trading-relations-of-georgia-in-2021\" title=\"What are the main trading relations of Georgia in 2021?\">What are the main trading relations of Georgia in 2021?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/#china-%e2%80%93-georgia-trading-relationships\" title=\"China \u2013 Georgia trading relationships&nbsp;\">China \u2013 Georgia trading relationships&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/#what-is-the-law-on-imports-and-exports-in-georgia\" title=\"What is the law on imports and exports in Georgia?&nbsp;\">What is the law on imports and exports in Georgia?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/companyformationgeorgia.com\/imports-and-exports-in-georgia\/#investment-projects-between-china-and-georgia\" title=\"Investment projects between China and Georgia&nbsp;\">Investment projects between China and Georgia&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"exports-from-georgia\"><\/span><strong>Exports from Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Georgia<\/strong>&nbsp;is a country that bases a large portion of its internal production on the cultivation of&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-company-in-agriculture-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>agricultural products<\/strong><\/a>&nbsp;like various fruits (grapes, citrus fruits, hazelnuts), the production of alcoholic and non-alcoholic beverages and in mining activities.&nbsp;Some of the main&nbsp;<strong>goods exported from Georgia<\/strong>&nbsp;are nuts, vehicles, wine, fruits, scrap metal and copper.<\/p>\n\n\n\n<p><strong>Georgia<\/strong>&nbsp;is an important and&nbsp;<strong>successful exporter<\/strong>. The country<strong>&nbsp;exports&nbsp;<\/strong>a wide category of agricultural products and foodstuffs.&nbsp;The&nbsp;<strong>National Statistics Office of Georgia&nbsp;<\/strong>recently published the data available for the last five years of trade. According to the data gathered by the institution, the&nbsp;<strong>value of the trade<\/strong>&nbsp;<strong>in and from Georgia<\/strong>&nbsp;increased over the years. For example, in 2011, the export stood at $2.186 billion and in 2014, it increased to $ 2.860 billion. With regards to&nbsp;<strong>exports from Georgia<\/strong>, in the period of January- July 2015, the total value was of $1.268 billion.<\/p>\n\n\n\n<p>Some of the country\u2019s&nbsp;<strong>main trading partners<\/strong>&nbsp;(in 2015 and in the previous years as well) were Russia and Ukraine, Turkey, Azerbaijan and Armenia. One of the products that is&nbsp;<strong>exported from Georgia<\/strong>&nbsp;that has a high demand on foreign markets, including in the United States of America, is ferroalloy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"opportunities-for-development-in-georgia\"><\/span><strong>Opportunities for development in Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Wine, hazelnuts, mineral water and, more recently, honey, are types of&nbsp;<strong>exported products<\/strong>&nbsp;for which&nbsp;<strong>Georgia&nbsp;<\/strong>has a&nbsp;<strong>small export share&nbsp;<\/strong>but which have a very high demand on the foreign market. Investments in agriculture&nbsp;for these products and many others are a good option for foreign investments in the country.&nbsp;If you want to&nbsp;<strong>open a company in Georgia&nbsp;<\/strong>in the agricultural sector, we invite you to&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-formation-services-in-tbilisi\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>address to our team for legal advice<\/strong><\/a>on the particularities of the company type.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The demand for these foodstuffs is high because neighboring countries have a deficit. Mineral water is a very good example: production for mineral water could be increased with investments in key areas in the industry, especially in the technology used for manufacturing this product. The&nbsp;<strong>top 8 products exported by Georgia<\/strong>&nbsp;are: ores and copper concentrate, ferroalloy, cars,&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-pharmaceutical-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>pharmaceuticals<\/strong><\/a>, hazelnuts and other nuts, mineral fertilizer, mineral water and wine.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"imports-to-georgia\"><\/span><strong>Imports to Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With regards to<strong>&nbsp;imports<\/strong>, it is necessary to know that the country&nbsp;<strong>imports&nbsp;<\/strong>most of its supply of oil products and gas. Grains, pharmaceuticals, machinery and parts, metal construction materials, mobile and wireless devices,&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/selling-tobacco-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>cigarettes<\/strong><\/a>&nbsp;and computers are also among the&nbsp;<strong>products imported by Georgia<\/strong>. Its main&nbsp;<strong>trading partners for the import&nbsp;<\/strong>of various goods are&nbsp;Turkey, Azerbaijan, China, Ukraine or Germany. In 2014,&nbsp;<strong>Georgia\u2019s foreign trade<\/strong>&nbsp;increased by 5% compared to the previous year and the country and the&nbsp;<strong>trade volume&nbsp;<\/strong>with the European Union increased by 2% compared to 2013.<\/p>\n\n\n\n<p>If you want to&nbsp;<strong>invest in the trade sector in Georgia<\/strong>,&nbsp;<strong>our&nbsp;<\/strong><a href=\"https:\/\/www.companyformationgeorgia.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Georgian company formation agents<\/strong><\/a>&nbsp;can help you open a company and obtain all the necessary business permits and licenses for engaging in&nbsp;<strong>import and export activities<\/strong>. The<strong>&nbsp;liberal foreign trade policy<\/strong>&nbsp;in the country allows investors to enjoy<strong>&nbsp;facilitated trade regimes and customs procedures<\/strong>, low import tariffs and minimal non-tariff regulations.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-main-trading-relations-of-georgia-in-2021\"><\/span><strong>What are the main trading relations of Georgia in 2021?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The data concerning the&nbsp;<strong>volume of imports and exports in and from Georgia<\/strong>&nbsp;is constantly updated by the&nbsp;<a href=\"https:\/\/www.geostat.ge\/en\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>National Statistics Office of Georgia<\/strong><\/a>. The institution gathers information regarding the country\u2019s&nbsp;<strong>top trading partners<\/strong>, the countries where&nbsp;<strong>Georgia exports&nbsp;<\/strong>the highest volume of products, the products that are in demand and other data that should be of concern for those who want to<strong>&nbsp;open a company in Georgia<\/strong>&nbsp;in this industry. Below, you can find the latest data on this matter:<\/p>\n\n\n\n<ul>\n<li>\u2022 the&nbsp;<strong>top trading partners<\/strong>&nbsp;in the period of January \u2013 July 2021 were China (15.4%), Russia (14%), Azerbaijan (13%) and Turkey (8.7%) when we refer to<strong>&nbsp;exports<\/strong>;<\/li>\n\n\n\n<li>\u2022 for the same period, the&nbsp;<strong>largest Georgian exports&nbsp;<\/strong>were measured for copper ores ($391 million) and motor cars ($205.4 million);<\/li>\n\n\n\n<li>\u2022 the<strong>&nbsp;top import partners<\/strong>&nbsp;in the period of January \u2013 July 2021 were Turkey (18%), Russia (10.8%), China (8.4%) and the United States of America (6.25%);<\/li>\n\n\n\n<li>\u2022 the&nbsp;<strong>imports<\/strong>&nbsp;for the same period arriving from the EU member states accounted for 23.1%;<\/li>\n\n\n\n<li>\u2022 copper ores were also the<strong>&nbsp;leading export good of Georgia<\/strong>&nbsp;in January \u2013 July 2020, when it accounted for 22.3% of all the&nbsp;<strong>exports<\/strong>.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"china-%e2%80%93-georgia-trading-relationships\"><\/span><strong>China \u2013 Georgia trading relationships&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Chinese investors who want to&nbsp;<a href=\"https:\/\/companyformationgeorgia.com\/company-register-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>establish a company in Georgia<\/strong><\/a>&nbsp;are welcomed on this market, as the relations between the two states are becoming more and more important. Chinese businessmen are interested in&nbsp;<strong>investing on the Georgian market<\/strong>, which has improved its investment incentives. Because the&nbsp;<strong>trading level&nbsp;<\/strong>between the two states is gradually increasing, the Chinese and&nbsp;<strong>Georgian representatives&nbsp;<\/strong>met in China to establish the&nbsp;<strong>Trading and Investment Council<\/strong>.&nbsp;<\/p>\n\n\n\n<p>The meeting between the representatives of the states started at the<strong>&nbsp;China &#8211; Georgian Investment Forum<\/strong>, where the&nbsp;<strong>Georgian Minister of Economy<\/strong>&nbsp;provided a$7 billion investment portfolio containing variousinvestment projects, available for Chinese investors. It is important to know that, according to the data provided by the&nbsp;<strong>Minister of Economy<\/strong>, Chinese companies have already&nbsp;<strong>invested in Georgia&nbsp;<\/strong>in sectors such as:&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-company-in-construction-sector-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>construction<\/strong><\/a>, roads, infrastructure, energy sector and the banking sector.&nbsp;<\/p>\n\n\n\n<p>China is one of the country\u2019s&nbsp;<strong>main trading partner<\/strong>. At the same time, China is the second largest partner when referring to&nbsp;<strong>exports<\/strong>, as the Chinese market purchases&nbsp;<strong>9% of the Georgian exports<\/strong>;&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-formation-services-in-batumi\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>our team of Georgian company formation agents<\/strong><\/a>&nbsp;can offer more details on the<strong>&nbsp;trading activities<\/strong>&nbsp;available here.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-is-the-law-on-imports-and-exports-in-georgia\"><\/span><strong>What is the law on imports and exports in Georgia?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The legislation regulating<strong>&nbsp;trading across border in Georgia<\/strong>&nbsp;is given by numerous legal acts, that can vary depending on the goods that are<strong>&nbsp;imported or exported<\/strong>. Investors who will want to&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-limited-liability-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Georgia<\/strong><\/a>&nbsp;dealing with the&nbsp;<strong>import or export of goods&nbsp;<\/strong>will have to follow the&nbsp;<strong>Law of Georgia on the Export and Import of Cultural Valuables From and To Georgia<\/strong>, in the case in which their business activity deals with cultural valuables and other cultural goods.&nbsp;<\/p>\n\n\n\n<p>This law is based on the&nbsp;<strong>Georgian Constitution<\/strong>, as well as international treaties to which&nbsp;<strong>Georgia&nbsp;<\/strong>adhered to. Cultural valuables can refer to a wide range of patrimony products, such as archeological products, literature, art, and any other products that are part of the national heritage of the country. In this particular situation, very stringent rules will apply.&nbsp;<\/p>\n\n\n\n<p>Another law regarding<strong>&nbsp;import or export<\/strong>&nbsp;is given by the<strong>&nbsp;Law of Georgia on Import, Export and Transit of Waste<\/strong>. The law is founded based on the&nbsp;<strong>Basel Convention<\/strong>. The legislation stipulates what type of waste can be&nbsp;<strong>exported or imported&nbsp;<\/strong>and, more importantly, the procedures that should be respected by all parties involved.&nbsp;<\/p>\n\n\n\n<p>Besides this, the law clearly mentions the type of waste that is forbidden to be deposited on the&nbsp;<strong>Georgian territory<\/strong>. Amongst other laws investors should take into consideration we mention the ones referring to the rights and obligations of the&nbsp;<strong>Customs Duty<\/strong>&nbsp;and the law regarding&nbsp;<strong>customs tariffs<\/strong>.&nbsp;<\/p>\n\n\n\n<p>These two should be thoroughly studied by foreign investors and local investors alike, as they prescribe the legal framework that is applied by the&nbsp;<strong>Customs Duty<\/strong>, its responsibilities and the procedures it will follow, but also the&nbsp;<strong>obligations of importers and exporters<\/strong>. Depending on the case, the&nbsp;<strong>Customs Duty&nbsp;<\/strong>will apply various&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/taxation-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>taxes<\/strong><\/a>&nbsp;\u2013 for instance, the<strong>&nbsp;customs duty&nbsp;<\/strong>can be charged at a rate of minimum 5% to a maximum 12%.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.companyformationgeorgia.com\/company-formation-services-in-kutaisi\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Our team of consultants in company registration in Georgia<\/strong><\/a>&nbsp;can offer more details on the&nbsp;<strong>customs duty<\/strong>&nbsp;that you will have to pay as a&nbsp;<strong>foreign company trading goods<\/strong>&nbsp;in this country. For more details on the documents that are required for<strong>&nbsp;import-export operations<\/strong>, we highly recommend you to&nbsp;<strong>address to our specialists<\/strong>.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"investment-projects-between-china-and-georgia\"><\/span><strong>Investment projects between China and Georgia&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the most important projects between the two states,&nbsp;<strong>Free Trade<\/strong>, began in 2015. The&nbsp;<strong>Trading and Investment Council<\/strong>&nbsp;aims at exchanging information on the Chinese and<strong>&nbsp;Georgian investors and businesses<\/strong>. Another important project for the two states is the \u201c<strong>One Belt, One Road<\/strong>\u201d, which refers at the development project that will rebuilt the&nbsp;<strong>historic Silk Road<\/strong>.<\/p>\n\n\n\n<p>If you want to start the process of&nbsp;<strong>company formation in Georgia<\/strong>&nbsp;in this industry, we highly advise you to receive legal representation, due to the fact that the&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/obtaining-construction-permits-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>permits<\/strong><\/a>&nbsp;needed can vary based on the type of products you will&nbsp;<strong>import\/export<\/strong>, but the&nbsp;<strong>trading procedures<\/strong>&nbsp;can also vary, in the sense that you may need to pay certain taxes and to provide an extensive file of attesting documents.&nbsp;<\/p>\n\n\n\n<p>For more details,&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>our team of consultants in company registration in Georgia<\/strong><\/a>&nbsp;remains at your disposal and it is ready to assist you with any type of information that you may be interested in.&nbsp;<strong>Our team<\/strong>&nbsp;will help you&nbsp;<strong>open a company in Georgia<\/strong>&nbsp;and will also provide legal assistance in the process of registering for tax purposes. We can also help you if you want to&nbsp;<a href=\"https:\/\/www.companyformationaustria.com\/\">open a company in other countries, such as Austria.&nbsp;<\/a><\/p>\n\n\n\n<p>If you want to&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>set up a company in Georgia<\/strong><\/a>&nbsp;in the<strong>&nbsp;import-export industry<\/strong>,&nbsp;<strong>our consultants<\/strong>&nbsp;can help you throughout the entire procedure. You can also learn from our team the main rules of law which are applied to this industry.&nbsp;<\/p>\n\n\n\n<p>Many investors choose<strong>&nbsp;Georgia<\/strong>&nbsp;for business purposes in the&nbsp;<strong>import-export field<\/strong>&nbsp;as the country provides certain advantages in this sense, one of them being the<strong>&nbsp;export policy<\/strong>.&nbsp;<\/p>\n\n\n\n<p>For example, if you will&nbsp;<strong>set up a business in Georgia&nbsp;<\/strong>that will import certain raw materials, you can be exempt from the payment of the value added tax or the customs duty.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Although&nbsp;<strong>Georgia<\/strong>&nbsp;has very low taxes compared to other jurisdictions, the VAT is currently charged at a rate of 18% and a full exemption on this tax can have an important positive effect on a business.&nbsp;<\/p>\n\n\n\n<p>All the<strong>&nbsp;import-export documentation&nbsp;<\/strong>will be maintained as a part of the bookkeeping system a company is required to use for every day of business activity.&nbsp;<\/p>\n\n\n\n<p>This will be done by&nbsp;<strong>accountants in Georgia<\/strong>, who will also handle all other documents that present the financial situation of the company and the transactions that were conducted by the persons representing the company.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to its geographical position,&nbsp;Georgia&nbsp;has a long tradition in&nbsp;developing import and export operations. The country is located between the Western and the Eastern worlds, and has important terrestrial roads and well as maritime routes.&nbsp;Georgia&nbsp;has had over the year numerous types of&nbsp;investment policies&nbsp;that aimed at attracting foreign investors, but in the last decade the country has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":92,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[45,46,47,11],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Imports and Exports in Georgia - Company Setup and Immigration<\/title>\n<meta name=\"description\" content=\"If you want to invest in the trade sector in Georgia, this article talks about the main products imported and exported by Georgia. 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