Georgia decided to increase exports
Georgian government has launched an initiative to stimulate exports of the country. According to "Business-Georgia", they've decided to introduce new benefits. According to the amendments to the tax legislation of Georgia, considered by Parliament at a future meeting, local businessmen are given the right to create a trading company. This will be a new type of enterprise, their activity will be associated only with re-exports.
It is suggested to simplify the rules and conditions for the creation of storage facilities. For example, permission for such activities will be issued for eternity instead of 3 years. In addition - the guarantee sum was reduced to 200 000 GEL instead of 2 000 000.
The storage management will be held accreditation, and a special trading company will be exempt from tax.