Backsliding occurs when there is no progress. Stability does not equal the absence of change, it is only the result…
Category: Opinions
21 Notable Changes of Georgian Corporate Law from 1 Jan 2022
Changes of Georgian Corporate Law Georgian corporate law undergoes substantial changes from 1 Jan 2022. Georgian Law on Entrepreneurs in…
Georgia in the Face of Death
„The vaccination process has failed.“ „The death rate is high.“ „The number of cases is rising so fast that the…
The Angela Merkel Pipeline
On 10th September 2021, at 08:45 a.m. Moscow time, Gazprom CEO Alexey Miller announced the completion of the Nord Stream…
Problematic Corporate Governance Issues Regulated by a New Law of Georgia on „Entrepreneurs“ and Opinions to Solve Them
The following article describes several problematic corporate governance issues regulated by a new law of Georgia on „entrepreneurs“, which will…
New Law of “Entrepreneurship” of Georgia in Several Points Defines Barred Proprietary Rights of the Shareholders
Introduction Georgian new law on “entrepreneurship,” adopted on 2 August of 2021, will enter into force from 01.01.2022. The presented…
Green Public Procurement and Circular Economy
Introduction With the support from the Government of Sweden, Georgia is currently implementing a programme aiming to promote and accelerate…
Distinct Approach to Raise the Quality of Corporate Governance in the State-owned Companies
Along with many factors, the specificity of the state-owned enterprises consists of the fact that they are controlled and managed…
Risky Mergers and Acquisitions of Corporations in Unregulated Sectors of the Economy
Introduction Mergers and acquisitions (M&A) are the forms of the company restructuration and it measurably reveals on the antimonopoly atmosphere…
The Criteria of „Independence“ of the Independent Member of the Supervisory Board
Legislative amendments concerning to the independent member of the supervisory board and also an independent member of an audit committee…
Specificity of Corporate Governance in Several Georgian Financial Institutions
Presented publication compares the specificity of corporate governance in insurance, banking and micro financial organizations, which is performed based on…
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,…
Republic of Georgia - “Tax paradise” for Natural Person Entrepreneurs
ECONOMICS GELA BARSHOVI – CURRENT EVENTS.
A Few Among Many Reasons of Why to Invest in Georgia
You need only one day and no capital to found a company in Georgia.