Georgia
Free trade with the EU and the region's simplest company formation
Georgia has had a Deep and Comprehensive Free Trade Area with the European Union since 2014 — tariffs are gone on most goods and the country is progressively adopting European technical regulation. A company takes a day to form, the tax system is simple, and the Estonian-style distributed-profit model means retained earnings are not taxed. For a European firm it is the most accessible entry point to the whole region.
Setting up a company
Setting up a company and tax are the part of the profile you cannot assemble elsewhere in an afternoon. The rest of the page is open.
- ·Legal forms
- ·Sole trader
- ·Foreign ownership
- ·Minimum capital
- ·How long registration takes
- ·Documents to incorporate
- ·Notary and legalisation
- ·Licences and permits
- ·What to watch for
- ·Special regimes and zones
Taxes
Setting up a company and tax are the part of the profile you cannot assemble elsewhere in an afternoon. The rest of the page is open.
- ·Corporate income tax
- ·VAT
- ·Withholding tax — dividends
- ·Withholding tax — interest
- ·Payroll contributions
- ·Double taxation treaty
Visas and residence
Setting up a company and tax are the part of the profile you cannot assemble elsewhere in an afternoon. The rest of the page is open.
- ·Short stay
- ·Residence
Investment opportunities
Setting up a company and tax are the part of the profile you cannot assemble elsewhere in an afternoon. The rest of the page is open.
- ·Zones and incentives
What it makes and needs
Copper and ores, re-exported motor vehicles, wine, mineral water, nuts and fertilisers.
Motor vehicles, oil products, machinery, pharmaceuticals and food.
Construction and materials, food technology, tourism and hospitality, logistics, energy and IT services.
Money and payments
A floating rate with no exchange controls. Foreign-currency accounts are normal and conversion is free.
Importing into their market
The customs regime is largely aligned with the EU under the DCFTA. Tariffs are low or zero even towards third countries.
Georgia is progressively adopting European technical regulation, and CE is recognised for many categories. The scope widens in stages, so the position differs by product.
Bringing their goods into the EU
The DCFTA removes tariffs on most goods in both directions. Entry prices and quotas apply to part of the agricultural range.
Origin is evidenced by an invoice declaration or an EUR.1 certificate under the PEM rules. Without proof of origin the preference does not apply, agreement or no agreement.
Outlook
Base case: Georgia stays the easiest way into the region — a company in days, a DCFTA with the Union, transit between the Black Sea and the Caspian. The political risk is higher than the economic one.
Practical matters
Georgian is the state and register language; English is widespread in business and the older generation understands Russian.
The ports of Poti and Batumi link the Black Sea to the Middle Corridor; road and rail links to Türkiye and Azerbaijan are regular.
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