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Georgia is an attractive jurisdiction for investments and wealth management. Legislation is investor-friendly and provides a number of benefits and advantages for investing in Georgia. The government approved a Financial Competitiveness Act to further support financial sector and boost investments in finances.
- 0% income tax on dividends from publicly-traded equities (January 1, 2009)
- 0% tax on interest income from bank deposits and publicly-traded debt securities (January 1, 2009)
- No currency or capital controls or repatriation limitations since the mid -1990s
- Freely convertible stable currency, rapidly evolving FX market
- No stamp duty or other transaction-based taxes or levies
- VAT does not apply to financial services
- Capital gains tax eliminated - Individuals are exempt from taxes on capital gains from disposal of assets held for two years or longer
- No wealth tax
- Double Taxation Treaties signed with 25 countries.
Private Bankers and Tax Specialists at Bank of Georgia Wealth Management will advise you on strategies to invest and manage taxes. |