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New Delhi: Georgia has been rated as the world's one of the most attractive countries for doing business on the basis of its business friendly environment- the corporate profit tax is 15%, simple tax administration, simplified licensing and permitting requirements, competitive cost of labor and energy, pro-business and corruption-free government, stable banking sector and very low crime-rate. This has been authenticated by The World Bank, whose report of 2013 ranks Georgia 9thout of 183 countries in ease of doing business index.
This was stated by Mr. Mikheil Janelidze, Deputy Minister of Economy and Sustainable Development of Georgia, while addressing the India-Georgia Business Forum organized by the Federation of Indian Chambers of Commerce​ and Industry (FICCI) and Georgian Chamber of Commerce and Industry (GCCI) here today.
Inviting Indian businesses to trade and invest in Georgia or travel within the country as tourists, Mr. Janelidze said that a bilateral investment treaty was being negotiated with India to give protection to investment by the two sides. He said that the proposed EU-Georgia FTA would give Indian investors full access to the EU market, adding that energy, agriculture, machinery production and tourism were some of the sectors that hold out the potential for Indian industry to invest.
Mr. Capoor said that Georgia’s geographical location made it the entry point to markets of the CIS countries and the investment-friendly policies pursued by the government should act as a magnet for Indian businesses. The Government of India, he said, will lead a business delegation to Georgia around June 20th and invited Indian industry to be a part of the delegation.
On the occasion, an MoU was signed between FICCI and GCCI for closer cooperation between the businesses of the two countries.
Detailing the investment climate and opportunities in Georgia, Mr. GiorgiPertaia – Director of Georgian National Investment Agency, stated that Georgia offered an efficient, pro-business and corruption-free government, enlargement of market size by Free Trade Agreements, competitive cost of labour and energy, entry gate in the region, robust sovereign balance sheet a stable and conservatively managed banking sector and a very low crime rate.
With an accelerated depreciation on capital assets, provision for carrying forward losses for corporate profit tax purposes (10 years), no restrictions on currency convertibility or repatriation of capital and profit and double taxation avoidance treaties with 40 countries, Georgia is a haven for investors, he added.
In the hydro power sector, Georgia offers investment opportunities several large scale projects of over 100 MW capacity and about 70 small and medium projects of less than 100 MW.

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