Friday, June 24, 2011

WHY TO INVEST IN GEORGIA

Georgian industry is very entrepreneurial and highly motivated to develop rapidly. As industries in Georgia develop, firms and investors are looking for opportunities to invest. The combination of dynamic economic growth, pro-business legislation, a liberal tax code, a strong legal framework to protect investors and an educated and skilled workforce presents a solid platform for successful business in Georgia.

More than 4,600 companies in Georgia were established by foreign investors. These firms have capitalized upon the skills and talents of Georgias multi-lingual and highly educated workforce.
1:Georgia offers competitive cost factors (labor, utilities, real estate, taxes).
2:Georgias workforce of 1.9 million people is highly educated – 30.8% have university degrees.
3:Average Gross Monthly Salaries are lower than European equivalents – USD 346 in 2010.
4:50.4% of the unemployed population (169 100 people) is aged between 20-34.
5:Georgia boasts low tariffs, streamlined border clearance procedures and preferential trade regimes with major partners, including the EU, the U.S. and free trade with Turkey and CiS countries.Georgia has been a member of the WTO since 2000 and has no quantitative restrictions on trade.
6:Georgia hosts an excellent infrastructure. Extensive public and private investment has developed a dynamic nationwide network of roads, railroads, waterways, harbors and airports.
7:Georgias foreign trade has been growing rapidly since 2003 as a result of aggressive policy re­forms to make it easier and less expensive to trade across borders.
8:Georgia offers a high quality of living to visitors. Its environment is clean, with a focus on Green Energy and organic food production.


Doing Business in Georgia

Setting up a business in Georgia is a straightforward process. Procedures are simple and efficient, based on a transparent system that promotes the establishment of new enterprises. In fact, the registration process takes only 1 day to complete.

Georgian economy and industry is very entrepreneurial and highly motivated to develop rapidly. As industries in Georgia develop, firms and investors are looking for opportunities to invest. The combination of dynamic economic growth, pro-business legislation, a liberal tax code, a strong legal framework to protect investors and an educated and skilled workforce presents a solid platform for successful business in Georgia.

Currently, there are approximately 260,000 businesses operating in Georgia, with more than 4,600 businesses established by foreign capital or with its participation.


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