Georgia is a country located in the Caucasus region of Eurasia and is known for its rich history, cultural heritage, and scenic landscapes. In recent years, Georgia has made significant progress in its immigration policy, making it a destination of choice for travelers, business people, and foreign workers.
One of the most notable features of Georgia’s immigration policy is its 1-year entry rule, which allows citizens of most countries to enter and stay in Georgia for up to a year without a visa. This has made it easier for people to travel, work, and study in the country, and has helped to spur economic growth and investment.
Not for everyone
However, there are a few countries whose citizens are not eligible for this 1-year entry rule, including North Korea, Afghanistan, Iraq, and Somalia. These countries are considered high-risk due to security concerns, and their citizens must apply for a visa to enter Georgia.
Taxation
In terms of taxation, Georgia has a relatively low corporate income tax (CIT) rate of 15%, making it an attractive destination for businesses. It also has a personal income tax (PIT) rate of 20%, which is relatively low compared to many other countries. This tax regime has helped to encourage entrepreneurship and investment in Georgia, and has contributed to its economic growth.
One of the ways that Georgia is promoting entrepreneurship and small business growth is through its small entrepreneur scheme. This scheme provides a range of tax benefits and other incentives to help small businesses grow and thrive. It is designed to support the development of new businesses and encourage investment in Georgia, which will help to drive economic growth and job creation.
In conclusion, Georgia’s immigration policy is designed to make it easier for people to travel, work, and study in the country, and has helped to spur economic growth and investment. With its low tax rates and small entrepreneur scheme, Georgia is an attractive destination for businesses and entrepreneurs, and is well-positioned to continue growing and thriving in the years to come.
