Georgia is striving to become a regional financial centre, inviting large transnational companies to open regional representations in Georgia and receive unique tax benefits.
The Prime Minister of Georgia Mamuka Bakhtadze announced the initiative today.
International companies, large transnational organisations, including representatives of the world’s 500 largest companies, if they open offices in Georgia and serve the region from here will benefit from unique tax benefits”, said Bakhtadze.
Earlier in October 2018 Bakhtadze announced a new initiative that introduces the concept of electronic residency, which will allow citizens of 34 countries to electronically register their companies and open bank accounts in Georgia.
We are introducing the practice of electronic residency that will enable the citizens of 34 countries to electronically register their companies and open bank accounts in our country. All these 34 countries are economically developed… All agencies will be given tasks, while a draft law of the amendments will be sent to the Parliament of Georgia”, said Bakhtadze a month ago.
Bakhtadze stated that the goal of the government is to have the service launched on 1 January 2019.