Georgia is a developing country located in the Caucasus region. It has a population of around 3.7 million people and a GDP of $17 billion in 2014. Georgia has a relatively business-friendly environment with no minimum capital requirements for LLC incorporation and the ability to incorporate an LLC within 14 business days. The culture is less formal than other countries, with people's feelings taking precedence over facts. The most developed industries are food manufacturing, basic and fabricated metal production, and the chemical industry. Start Global is an international advisory firm that can help clients enter new markets and arrange long-term sales partnerships in over 20 countries.

1. 2015
Georgia
Brief country overview
Prepared by Start Global

2. Start Global — opportunities abound
№8
Ease of doing
business
(1-189) 2014*
Inflation 2014
3.1%
Paid in minimum
capital requirement
no minimum capital
requirement
Required share of
capital
no minimum capital
requirement
Time to 14 business days
LLC Incorporation
service
from USD 600**
LLC incorporation
Georgia is a developing industrial and agrarian country
*An index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Data in Doing Business 2014 are current as of June 1, 2013
**Includes reserving the company name at the Trade Register; drafting the by-laws and Articles of Association; drafting the affidavits; appearance before the Trade Register judge for the incorporation; drafting the POA for the
opening of the bank account
Sources: IMF, CIA, trademap.org, oanda.com, World Bank Group, www2.deloitte.com, www.ey.com, www.ccifg.ge, www.pwc.com, www.ef.edu
Average growth
rate of real GDP
until 2020
4.1%
GDP 2014, USD
17bln
Georgian business culture is noticeably less
formal than in other countries
People's feelings take precedence over facts
Georgians are not afraid to express their
emotions
Languages spoken in Georgia: Georgian
71% (official), Russian 9%, Armenian 7%,
Azerbaijani 6%
Level of English proficiency: low
Business culture
features
Georgia
2

3. Start Global — opportunities abound
*Includes manufacture of structural metal products, tanks, reservoirs and steam generators: manufacture of weapons and ammunition: manufacture of other fabricated metal products and metalworking service activities except
machinery and equipment
**Includes glass and glass products; ceramic products, tiles and baked clay products, and cement and plaster, from raw materials to finished articles
.Source: Geostat
Food manufacturing is the most developed industry in Georgia
1.8 bln USD
19.6%
0.6 bln USD
Electric-power
industry
0.4 bln USD
23.9%
0.3 bln USD
9.7%
Food
industry
0.7 bln USD
8.3%
Manufacture of
other non-metallic
mineral products**
6.0%
Production value in the most developed industries in bln USD 2014 and CAGR (2010-2014), %
Georgia
Basic and fabricated
metal product
manufacturing*
3
Chemical
industry

4. COUNTRIES
20+
CLIENTS
40+
INDUSTRIES
20+
COMULATIVE
YEARS OF
EXPERIENCE
25+
Coverage of Start Global
Start Global will help you to enter new markets and
to arrange long-term sales partnerships
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