Guide to Taxation and Investment in Georgia

Georgia is the aspiring economic center of the Caucasus. It boasts years of robust economic growth, liberal tax and labor legislation, business friendly policies, low corruption, high security and openness to foreign investment.

Georgia signed an association agreement with the EU in 2014 and its aspiration to join the EU will guide future policy decisions. On 2 February 2017, the European Parliament voted in favor of visa-free travel for Georgian citizens to the Schengen Area at a plenary session, and the visa-free regime between Georgia and the EU entered into force in April 2017.

On March 3rd, 2022, Georgia signed a formal application to join the EU, and on December 2023 the country was granted EU candidate status. Georgia has state and private investment funds that encourage foreign investments to implement large scale projects in agriculture, logistics and transport, tourism, and energy sectors.  

The Heritage Foundation ranked Georgia 32nd (among 180 countries) for economic freedom in 2024. Georgia has a Fitch ranking of (BB) for the 2024 fiscal year. 

Find out more in our Guide to Taxation and Investment in Georgia.