2015

Georgia

Brief country overview

Prepared by Start Global

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

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

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

GET YOUR INTERNATIONAL ADVISER BY:

e-mail: info@start-global.biz

tel: +38 (044) 225 04 40

www.start-global.biz