Guide to Taxation and Investment in Georgia 2022
Georgia is the aspiring economic center of the Caucasus. It boasts years of robust economic growth, liberal tax and labor legislation, business friendly practices, 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. Georgia has state and private investment funds that encourage foreign investments to implement large scale projects in agriculture, tourism and generationof hydropower.
The World Bank ranked Georgia the seventh easiest place in the world to do business in 2020 (among 190 countries). The Heritage Foundation ranked Georgia 26th (among 180 countries) for economic freedom in 2022.
Find out more in our Guide to Taxation and Investment in Georgia 2022.