In a highly dynamic world, one term is especially fitting: competitiveness. With the rapid development of technology, flexibility has become…
Category: Business
Foreign Source Income in Georgia
What really is the “foreigner source (tax-exempted) income” for Georgian tax purposes? The common misunderstanding of the term Foreign source income…
Start of the New Multimodal Terminal in Batumi
The opening of a brand new multimodal terminal in the Batumi Port in April has garnered a lot of attention.…
Mondo’s American Miracle | Interview with Giorgi Beridze
In Italian, the word mondo means the world. It is also the name of a Georgian brand that has been…
Think Like a Startup | 500 Georgia
₾16.5 million in investments; 627,000 registered users; 89 international partners; 354 new jobs; 4,400 B2B users – this is what…
New Liberty | Interview with Vasil Khodeli
Vasil Khodeli and his team have set themselves an ambitious goal that has a name: New Liberty. This is my…
Accounting and Financial Tax Consulting Firm in Georgia Dedicated to International Clients
The accounting firm in Georgia is equally specialized in both international and Georgian Taxation. TPsolution (Transfer Pricing Solution) is based in…
Eurocredit Is Transforming Into a Fintech Company
Eurocredit plans to transform into a fintech company. The digitalization process of credit products has been in progress for a…
Credo Bank Has Successfully Completed the Integration Process of Finca Bank Georgia
CREDO Bank became FINCA BANK GEORGIA’s 100% shareholder on 7 July 2021; 3 months later, in an unprecedentedly short period…
Top 5 Things to Watch in Markets in the Week Ahead
Despite high-profile earnings report misses, a central bank surprise decision, and uninspiring economic data, markets pushed higher to close out…
Vira Platonova Receives the Future of Emerging Europe Award in „Female Business Leader of the Year“ Category
Vira Platonova, Senior Vice President and Group Country Manager, CISSEE, Visa, has been recognized as the “Female Business Leader of…
Visa Digitally Enables 16 Million SMBs on Path to Reaching 50 Million Goal Worldwide
Visa (NYSE: V) today announced it has helped to digitally-enable an estimated 16 million small and micro businesses (SMBs) worldwide,…
A New Stage Begins at „Credo Bank“
The last large-scale transaction in the Georgian financial market took place about a month ago. Credo Bank acquired a 100%…
New Approach of Georgian Tax Authorities Regarding „Virtual Zone Persons“
Introduction Companies providing certain type of IT services from Georgia to foreign customers can obtain a certificate of “Virtual Zone…
„Small Business“ Status (1% Taxation) in Georgia Does Not Apply to Employment Contracts. What to Know?
Introduction If an individual qualifies under a “small business” status, he/she can enjoy 1% taxation in Georgia. Although, there are…
Tax Incentives in Georgia for It Companies Holding the Status of a “Virtual Zone Person” or an “International Company”, Which One Is Better and Why?
The Republic of Georgia offers multiple tax benefits to IT firms registered in Georgia who provide services abroad. In particular,…