The Eastern-European country, home to more than 12,000 historical monuments and beautiful soaring mountains, is bounded to the West by the Black Sea, by Russia to the north, and by Turkey, Azerbaijan, and Armenia to the south.
The capital, Tbilisi, is increasingly becoming a key destination for tourists and business travellers. Over the last six years, hotel annual occupancy rates have been consistently over 70% - making it a highly desirable location for the hospitality and real estate sector. More importantly, Georgia is known for its “pro-business” reputation following a government overhaul in the tax system in 2004— corporate tax was at 20% and now reduced to 15%, Rental Income Tax is at 5%, and VAT was at 20%, now at 18%.
It’s no surprise that investors are increasingly flocking to Georgia given these investor-friendly tax rates. Also, there are no capital gains, wealth and property transfer taxes imposed in Georgia. Allow us to lead you to the centre of Tbilisi, towards the most prominent business and touristic areas— your next investment destination!