Since regaining its independence in the early 1990s, Georgia has become the regional leader in terms of reforms, economic development and progress regarding democratic institutions. Striving to succeed on its path of Euro-Atlantic integration, Georgia is positioning itself as a hub for doing business in the region and is developing an advanced international business environment and relations. Located at the crossroads of Europe and Asia, and being the shortest transportation route between the two continents, Georgia is uniquely positioned to capitalize on increasing trade flows between Europe, the Caspian region, Central Asia and East Asia.

It is important to mention about the transit functions of Georgia. Currently, through the Country pass the following pipelines: The Baku–Supsa Pipeline (also known as the Western Early Oil Pipeline) is an 833-kilometre long oil pipeline, which runs from the Sangachal Terminal near Baku to the Supsa terminal in Georgia. It transports oil from the Azeri-Chirag-Guneshli field. The pipeline is operated by British Petroleum (BP). The Baku–Tbilisi–Ceyhan pipeline is a 1,768 kilometres long crude oil pipeline from the Azeri-Chirag-Guneshli oil field in the Caspian Sea to the Mediterranean Sea. It connects Baku, the capital of Azerbaijan; Tbilisi, the capital of Georgia; and Ceyhan, a port on the south-eastern Mediterranean coast of Turkey. The pipeline is operated by BP. South Caucasus Pipeline (also: Baku-Tbilisi-Erzurum Pipeline, Shah-Deniz Pipeline) is a natural gas pipeline to transport natural gas from the Shah Deniz gas field in the Azerbaijan sector of the Caspian Sea to Turkey. It runs parallel to the Baku–Tbilisi–Ceyhan pipeline. The pipeline is operated by BP. Another large project - 1,195-kilometer Black Sea submarine electricity cable from Georgia to Romania is in development. European Union “strongly supports” this project and hopes that South Caucasus will become a “very important” source of energy supply for Europe.

Georgia has one of the lowest and most manageable tax regimes in the world. Only six flat taxes exist in the Country. In 2017, Government of Georgia implemented new tax policy and according to the new model of taxation system, companies pay the Profit Tax only on distributed earnings and reinvested profit is exempt from the Corporate Profit Tax.  Such facilitating factors as : improving and more stable political and business climate, relatively low operating costs and an increasingly supportive government, modernized system of Licenses and Permits, easy procedures of business (company) registration, low import tariffs, few export/import licenses and permits, no quantitative restrictions on import and export, no customs tariff on export and re-export, simplified export and import procedures, Free Trade Regime – with CIS countries (EXEPT RUSSIA), Preferential Regime (GSP) – with USA, Canada, Japan, Switzerland, Norway, Preferential Regime (GSP+) – with EU (7200 items) since 2005, Free Trade Agreement with China, Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU, have made Georgia an attractive investment destination. Stable economic development, liberal and free market oriented economic policies, advantageous geographic location, well developed and multimodal transport infrastructure, all represent a solid foundation for successful operations and overall growth in Georgia.

 

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