Georgia offers a business-friendly and investor-oriented tax regime, consistently recognized by the World Bank and other institutions for its simplicity and ease of compliance. Whether you are an international entrepreneur, a multinational group, or a domestic company, understanding Georgia’s core tax structure is vital for compliance and strategic planning. Digital Tax Administration in Georgia Every […]
Last year, the Parliament of Georgia made changes to the Law of Georgia on Personal Data Protection (the PDP Law) to align personal data protection legislation more closely with the European Union standards. These significant changes to the PDP Law entered into force on 1 March 2024 and marked an important regulatory update. Grounds of
Framework of Personal Data Protection in Georgia Read More »
As Georgia continues to position itself as a business-friendly jurisdiction and a regional hub for investment and innovation, hiring foreign employees by local companies is becoming increasingly common. Georgian labor and immigration laws establish a clear, albeit straightforward, framework for employing foreign citizens. This article outlines the key legal requirements for hiring foreign employees in
Hiring Foreign Employees in Georgia: Legal Requirements for Employers Read More »
Andersen in Georgia is proud to share that Archil Giorgadze and Tamar Jikia have been contributors to the Chambers and Partners Corporate Governance 2025 Global Practice Guide, offering authoritative commentary on Georgia’s dynamic corporate governance landscape. As part of this publication, Archil and Tamar authored the chapter on Georgia, delivering a comprehensive overview of the
Value-added tax (VAT) is one of the most essential taxes in Georgia. In 2024, VAT corresponded to 37% of the tax revenues of the Georgian budget. VAT plays a major role in Georgia’s fiscal policy and has strong potential to influence economic activity. This could be the reason why the VAT rate has remained unchanged
Georgia has established a legal framework governing securitization, a process that enables the transformation of future receivables into liquid financial instruments. The Law on Securitization outlines how entities can package income-generating assets and offer them to investors through structured instruments. The framework sets clear rules for key participants, including originators (Initiators), securitization vehicles (Securitization Entities),
The Law on Securitization comes into effect in Georgia Read More »
October 30, 2024 In July 2019, the Georgian government amended the Tax Code to provide specific tax benefits in Georgia for international companies. On 8 October 2020, the Government of Georgia introduced Ordinance N 619 (the Ordinance) that sets out the procedure to obtain the status of an international company, determines permitted activities that the
The legislation of Georgia provides safeguards for intellectual property both on an individual and collective basis. Individual protection means getting permission to use a work. This happens by signing a contract with the rights holder. In contrast, collective protection implies concluding a contract with an organization that manages property rights on a collective basis. Framework
Consumer arbitration is gaining popularity globally as a practical and efficient method for resolving disputes between businesses and consumers. It allows both parties to submit conflicts to an impartial third party, typically an arbitral institution, without going through lengthy court proceedings. However, consumer arbitration legislation differs significantly between the European Union and Georgia. Consumer Arbitration
Consumer Arbitration Proceedings in EU and Georgia Read More »
We are excited to welcome Nini Kartozia and Natalia Chkhaidze as legal interns at Andersen in Georgia. For over a decade, our team has taken pride in mentoring aspiring lawyers through meaningful, hands-on internships. Our firm culture is built around mentorship and collaboration. Meet Nini Kartozia Nini Kartozia is currently pursuing her LL.B at the
Welcoming Our New Legal Interns: Nini Kartozia & Natalia Chkhaidze Read More »
