New Investment Incentive Programme in Georgia

In the letter referenced above, with reference to information received from the Commercial Counsellor's Office in Tbilisi, it is stated that the incentive programme announced to enable international foreign investors who will invest a minimum of 10 million GEL (approximately 3 million US Dollars) in Georgia and create new employment for 150 people to receive state support of up to 1 million GEL (approximately 300 thousand US Dollars) has entered into force with Decision No. 717 published in the Georgian Official Gazette dated 30/11/2020. The letter further states that for investments in business process outsourcing, the investment requirement is 5 million GEL with the condition of creating a minimum of 200 jobs, and that the areas covered by the incentive are electrical-electronic engineering products; production of aircraft parts and modules; production of vehicles, equipment and parts; business service/process outsourcing; warehouse and logistics centres; and aircraft maintenance and repair. Details of the programme can be accessed on the Georgian Investment Agency's page at https://www.enterprisegeorgia.gov.ge/en/News/the-state-program-fdi-grant and in the Decision published at https://www.matsne.gov.ge/ka/document/view/5041643?publication=0. Georgia is a country that has free trade agreements with our country, the EU, the CIS countries and China, and also has the opportunity to export to the USA, Canada and Japan with tariff advantages under the GSP. In this context, various international investments focused on exports to third countries are being made in Georgia. It is considered that there are advantages and opportunities for our companies that may wish to benefit from the said incentive in exporting, with tariff advantages via Georgia, to markets that can be accessed in this way.

 

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Date Added :2020-12-09 10:13:00