International companies opening regional offices in Georgia to enjoy tax benefits

International companies opening regional offices in Georgia to enjoy tax benefits

Georgia is striving to become a regional financial centre, inviting large transnational companies to open regional representations in Georgia and receive unique tax benefits, Georgian Prime Minister Mamuka Bakhtadze said.

"International companies, large transnational organisations, including representatives of the world’s 500 largest companies, if they open offices in Georgia and serve the region from here will benefit from unique tax benefits," Agenda.ge cited the PM as saying.

Earlier, Bakhtadze announced a new initiative that introduces the concept of electronic residency, which will allow citizens of 34 countries to electronically register their companies and open bank accounts in Georgia.

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