Economic Overview & Business Opportunities
At the Crossroads Where Asia Meets Europa
A thorough understanding of the economic overview and business opportunities in Georgia is needed for any entrepreneur to survive.
Any business owner seeking a new venture abroad needs information. Starting a new business in unfamiliar territory is never easy, no matter which country you decide upon. Georgia is no different.
Located strategically at the intersection between Asia and Europe, Georgia was formerly part of the Soviet Republic. It is home to the Caucasus Mountain villages, famous for its Vardzia, and where you can find the Black Sea beaches. It’s capital, Tbilisi, is renowned for its cobblestone streets and diverse, beautiful, breath-taking architecture.
By 1991, Georgia emerged independent from the Soviet Union. Since then, the United States has had an influence on the politics and economy of the country.
Economic Overview and Business Opportunities in Georgia
The country’s main activities reside in agriculture. Primarily, cultivating products like hazelnuts, grapes, and citrus fruits. Mining of gold, manganese, and copper are also part of its robust economy. Thanks to its considerable hydropower capacity, the country can support itself for the electricity it needs.
The economic overview and business opportunities in Georgia looks optimistic, given how the country has sustained and steady GDP growth since 2006. As the government continues its efforts to reform the economy, opportunities are looking good for the investor who is keen on venturing into this region.
Why Invest in Georgia?
Besides the positive economic overview and business opportunities in Georgia, there are several other reasons why you should consider setting up a business in this region:
- It ranks 16th out of the 178 countries on the Heritage Foundation’s Index of Economic Freedom.
- It ranks 6th out of the 190 countries worldwide for ease of doing business, per the World Bank.
- It’s high employment rate, which stands at 12.6%.
- Tourism is a fast growing industry.
Setting Up a Business in Georgia? We Can Help
3E Accounting has built a solid, steady, global network over the years. Our experts hail from diverse backgrounds across various industries. As such, we’ve got the necessary experience needed to help you navigate the Georgian landscape. The services we offer include:
- Georgia company set up and incorporation
- Legal advisory
- Financial and investment advice
- Tax advisory services
- Corporate support and management
- Payroll and accounting services
For more information about our Georgia company incorporation services, contact us today.
- Georgia Company Setup
- Company Formation
- Resident Permits
- PR by Investment
- Accounting & Taxation
- IT Company Set Up in Virtual Zone
- Company Set Up in Free Trade Zone
- Company Setup in Tourism Zone