Opening of a startup in Georgia. Advantages of doing business in Georgia, what you need for a startup in Georgia

Innovative programs, special tax rates, benefits and other motivational projects attract entrepreneurs to do business in Georgia.

Due to the entry of new investments, the country's economy is developing, the standard of living of citizens is growing. It is the government that is interested in increasing the number of startups. Therefore, changes are regularly made to legislation aimed at creating a comfortable business environment in Georgia.

Support of the world community

The active development of the economy has allowed Georgia to take a leading position in the world rankings of the availability of doing business. The first place in Europe and the 7th in the world in this indicator clearly indicate the advantages and prospects for the growth of any entrepreneur.

Confidence in the future, the reliability of banking systems, and the absence of bureaucracy significantly make life easier for startups in Georgia.

Tax benefits

Low tax rates for the IT sector and other entrepreneurs, they provide a regular influx of new startups.

With a competent approach to the choice of organizational and legal form and taxes, every businessman here can save on expenses and thereby increase income.

For Georgian startups in the field of information technology, there is a rate of 5% on dividends, 20% on income tax on employees' salaries and 2% deductions to the Pension Fund. At the same time, there is no income tax and VAT for foreign counterparties.

The Georgian government is interested in the development of the country, so favorable conditions are being created for startups. This approach of the state guarantees the inflow of foreign investment to the country.

Today, every startup can try to get a development grant here. Let's talk about the largest sources of financing for startups in Georgia.

Startup Georgia

The program, which is the main component of Georgia's economic reform, is aimed at developing and supporting startups throughout the country. Since 2016, 3,000 applications have been processed.

The fields of activity for participation in the program are limited, but these are precisely the areas that are rapidly developing and making the most tangible contribution to the economy.

USAID Zrda

Special grants have been created for startups on the border with South Ossetia and Abkhazia in Georgia, which provide financing on special preferential terms.

Innovative enterprises are offered a long-term loan of up to 90% of the amount, while the growth of the project implies the withdrawal of 100% of the amount in the future as a free grant.

Produce in Georgia

For the growth of entrepreneurial activity in the country, the program "Produces in Georgia" has been created. With its help, businessmen organize new jobs, expand production and support operating companies.

A number of special conditions for grant recipients allows you to start creating new products within 2 years after approval and receipt of a loan, and within 1 year to expand your existing business.

Startuper TBC

Startups regularly need help and support in a variety of issues. From creating an idea for a business card to non-credit products. This is what the program is aimed at, where businessmen receive not only financial support.

Bank of Georgia Female Start Upper

Financing for the female half of society helps women from all over the world to develop new companies and expand existing businesses.

The grant amount is up to one million lari for a period of 5 years.