There are several reasons why a person or a business may choose to register a company in the country of Georgia:

1. Low taxes: Georgia offers much lower tax rates, which can help firms raise earnings. Most firms pay five forms of taxes (VAT 18%, income 20%, profit + dividend 20% when profits are distributed, and property 1%). Additional tax regimes can reduce these rates even further, to as low as 1% on turnover (for small businesses status entrepreneurs) or 0% (For Free Zone companies, or IT Companies). Find our more on taxes here.
2. Favorable business environment: Georgia has a stable political environment and is working to improve its business climate by simplifying regulations and increasing transparency.
3. Well-developed banking industry: representing one of leading sectors of Georgian economy, and among the frontrunners of digitalization in this conservative field.
4. Strategic location: Georgia is located at the crossroads of Europe and Asia and has good transportation links to other countries, which can make it an attractive location for companies looking to expand into the region.
5. Access to markets: Georgia has free trade agreements with many countries (57 to be precise), which can make it easier for companies to export their products or services.
6. Skilled workforce: Georgia has a growing population of educated and skilled workers, which can provide a good source of labor for companies.
7. Developing Tourism: The tourism industry is rapidly growing in Georgia, making it an attractive location for companies in the hospitality, travel, and tourism sectors.
8. Agribusiness: Georgia has a long history of wine-making and agriculture, making it an attractive location for companies in these sectors.
9. Safety: Georgia is considered to be a safe country for tourists and visitors (#4^th worldwide, according to Numbeo)
10. Corruption: Georgia is considered to have a relatively low level of corruption compared to other countries in the region. Transparency International, an organization that monitors corruption worldwide, publishes an annual Corruption Perception Index (CPI) that ranks countries based on perceived levels of public sector corruption. In the 2021 report, Georgia ranked 57th out of 180 countries, which is considered to be a good rank. It is the best rank in the region and better than the majority of European countries.
11. Simple registration procedure: In Georgia, forming a business is a straightforward and rapid procedure that can be accomplished in a short amount of time. The needed documentation is simple, and the registration procedure requires only a brief visit to the Public Service Hall. Remote registration (through Power of Attorney) is also an option.
12. Low costs: including low wages, low price of utilities etc.
13. No red tape bureaucracy: Fewer bureaucratic regulations, no limitations on foreign ownership or director numbers, no minimum capital requirement (could be set to ZERO), option for remote company formation and management, and less oversight compared to those in the EU.

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