Why Georgia ? 
 

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1- The geographic place of Georgia

The country is located on the famous historical Silk Road. The road acts like a bridge joining Western Asia and Eastern Europe. The strategic location of Georgia is what makes the country a crossroad between the two continents, generating priceless opportunities for import and export activities, international business, foreign business investments, etc.

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2- Georgia’s economy is almost free of corruption

 

As you know, corruption can easily cripple any kind of prosperous career. You should make sure about a country’s corruption status before starting your business there. Transparency International has been annually publishing an index called the Corruption Perceptions Index (CPI) since 1995. The index ranks the countries all over the world by the perceived level of corruption in their various sectors, with the help of expert assessments and opinion surveys. With this in mind, Georgia is already holding the 41st position among 180 countries. Besides, the record has been improving in recent years. The current rank and the growing trend can ensure you of the low risk existing in the business environment ruling on Georgia’s economy.

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3- Ease of doing business is incredible

 

The World Bank Group annually publishes a report announcing the ease if doing business in many countries of the world. Georgia’s position is eye-popping; the country is sticking to the 6th place in the global ranking by May 2018. This is the highest position among Europe and Central Asia regions.

 

4-Taxes are low in Georgia

 

According to the 2016-2017 World Economic Forum report, Georgia has one of the lowest taxes worldwide standing in the 9th position with a 16.4% total tax rate.

There are low tax rates and a transparent tax system in Georgia. 

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• ØIncome tax – 20% (flat-rate)

• ØCorporate tax – 15%

• ØVAT – 18%

• ØExcise tax – on few selected goods

• ØImport tax – 0%, 5% or 12%

• ØProperty tax – up to 1%

 

5- Georgia’s economy is growing so fast

 

The GDP of all countries in the world is announced often annually. The GDP of Georgia has been permanently increasing in recent years.

Georgia’s GDP expanded 4.9% year over year in March 2019, following a growth of 4.5% in the previous quarter. This can simply shed light on how fertile your business can ever be in Georgia if you invest in one of the prosperous realms we are going to discuss below.

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6- Georgia owns a skilled and competitively priced labor force

 

Georgia’s population is overflowing with qualified and talented workforces. Many of them are multilingual and have received a higher education degree in the West. Russian and English are widely spoken by the new generation. They are mostly able to speak German.

The average monthly salary is roughly 420 dollars in Georgia. This is a relatively low salary in comparison with the average in many European countries. Therefore, the expenditures of hiring skilled and talented staff are not

 high.

 

 7- Georgia grants you numerous tourism attractions

 

You are not mad if you compare some parts of Georgia with heaven. The country offers a huge number of absolutely stunning tourism attractions you cannot close your eyes on.

Georgia’s tourism attractions are annually making millions of tourists all over the world. Tourism can make the economy of a country thrive. That is because of the versatility of needs soars in the presence of tourists. Tourism is, by itself, one of the main divisions in Georgia you can invest your money in. Furthermore, there are many other fields you can invest in, all of which grow and grow every day due solely to the presence of millions of tourists in Georgia.