For centuries, Georgia’s location along the Silk Road, and other heavily traveled trading routes between Europe and Asia, has provided an undeniable economic advantage.
For starting a business Georgia leads alongside with New Zealand in having the lowest number of procedures required (1). The same applies for the number of procedures necessary for registering property, wherein Georgia shares the 1st place with Norway and Portugal, while also being number 1, alongside Qatar, for the least time required for said procedure.
Georgia’s economic freedom score is 75.9, making its economy the 16th freest in the 2019 Index and is ranked 8th among 44 countries in the Europe region, and its overall score is above the regional and world averages. The government hopes that further reductions in regulation, taxes, and corruption will attract foreign investment and stimulate growth.
Whether your industry of interest is tourism, agriculture, manufacturing, real estate, outsourcing or some other field, there are many ways to make smart and easy business in Georgia. This country provides lots of opportunities for everyone, and has many advantages for starting or outsourcing successful business.
Banks in Georgia are very reliable and operate on international level. Georgian banks are among the pioneers worldwide in implementing newest elements of digital banking, such as internet and mobile banking, both are very easy to use. It takes only 20 minutes to open bank account in any of Georgia’s banks and it takes as little as $10.