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Invest in Georgia

Georgia’s progress in improving the business climate has been well documented in a number of international indices, including the World Bank’s Doing Business in 2007 survey, which hailed Georgia as the world’s number one reformer.
Irakli Gagua Research Fellow

Law of Georgia On the Investment Activity Promotion and Guarantees

The present law defines the legal bases for realizing both foreign and local investments and their protection guarantees on the territory of Georgia. The purpose of the law is to establish the investment-promotional regime.

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Economic Reforms

After the smooth, “velvet” transition of power in November, 2003, Georgia’s current government has pursued a course of radical and irreversible reforms. The creation of more favorable business environment is at the core of these polices. Economic reforms were observed in various directions:

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Investment Overview

TEN REASONS TO INVEST IN GEORGIA

1.      Political and Liberal Economic Reforms

2.      Attractive Macroeconomic Environment

3.      Competitive Trade Regulations

4.      Liberal Tax Code

5.      Privatization of State Property

6.      Modernized  Business Licensing System

7.      Reformed Technical Regulation System

8.      Strategic Geographic Location

9.      Competitive Banking Sector

10.  Georgia – A Country of Ancient Culture and Traditions

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Trade Overview

Since 2003, there has been a high growth rate in the foreign commodity turnover of Georgia. For the last few years, there has also been an upward trend in the number of Georgia’s trading partners, now standing at 125 countries. 

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Macroeconomic Overview

Systemic institutional reforms, creation of liberal legislative basis and structural reforms of recent years has led to economic growth in Georgia. The GDP growth rate in 2006 was 9.4 per cent.

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