Georgia (or as natives call it “Sakartvelo”) is located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the south by Turkey and Armenia, and to the southeast by Azerbaijan. Georgia declared independence in 1991 at the disintegration of the Soviet Union. The country is geographically well-positioned as a gateway between Europe and Asia, it is easily accessible to the most major European, Central Asian, and Middle Eastern markets. Due to its geographical location, Georgia already has the most preconditions to become a regional financial and business center, this is matched with the ambitious objective of the country itself, which is to become one of the most reliable investment destinations globally.
|Facts and Figures||Currently, Georgia is a member of the United Nations, the Council of Europe, the World Trade Organization, the Organization of the Black Sea Economic Cooperation, the Organization for Security and Cooperation in Europe, the Community of Democratic Choice, the GUAM Organization for Democracy and Economic Development, and the Asian Development Bank.
Reasons to Invest in Georgia
Apart from the geographical benefits that Georgia offers to foreign companies and investors, there are other important differentiating factors that were enabled by economic and political reforms which took place in the country during the last years and made Georgia stand out in the region. The world bank group ranked Georgia among the top ten in the world during 2018-2020 in its Doing Business reports. At the same time, numerous free trade agreements allow access to many consumer market without customs duty. Other advantages include: