Tbilisi Free ZoneUnique business environment
Being on the bridge between Europe and Asia, economy of Georgia is highly integrated with international markets. Owing to the DCFTA with EU, Georgia enjoys direct access to nearly one billion market. Ongoing reforms of the last decade have led to significant improvements in tax and customs administration, increased state revenues, reduced shadow economy and decreased corruption.
Offering literate workforce at very competitive wage rates, low tax tariffs, streamlined border clearance procedures and preferential trade regimes with major partners, Georgia is an attractive destination for foreign direct Investors in the region.
As foreign investors enter the banking sector and Georgian banks leverage international capital markets, the privately-owned banking industry enjoys rapid growth.
Consistent macroeconomic policies and effective anti-corruption measures increased confidence of both the business sector and the consumers. Simplified procedures of business registration, reforms in customs administration and the border police, more business-friendly tax and labor regulations – all contributed to improvement of the business environment. According to the World Bank Doing Business Report 2015 Georgia ranks number 15 by ease of doing business, whereas the Heritage Foundation rated Georgia number 22 of the freest economies in the world. Furthermore, Georgia came in 48th among 168 countries in the Corruption Perceptions Index (CPI) 2015 published by the Transparency International, making it the top country in the post-Soviet region (except for the Baltic States) in fighting the corruption.
Georgia is a steady BB by Standard&Poor’s and Fitch Ratings and Ba3 Positive by Moody’s Rating.