The ISO code of Georgia is GE according to the ISO 3166 standard. The local name of the country is Sak'art'velo. Georgia capital city is Tbilisi (official); Kutaisi (legislative). People in Georgia speak the Georgian language. On 8 April 1991, Georgia emerged as a sovereign political entity. In the year 04/08/1991, Georgia emerged as a sovereign political entity. The largest city in Georgia is Tbilisi.
Georgia is located in the UTC +04:00 time zone, which is also called Georgia Time or GET. The internet country code top-level domain (ccTLD) for Georgia is .ge. The International dialing code for Georgia is 995. People in Georgia drive on the right side of the road. Total land area of Georgia is 69,700 km² (approx. 26,911 mi²). Georgia is not a landlocked country. It means that is is bordered by at least one major body of water.
Georgia is located in Asia. Georgia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Georgia faces various issues, including air pollution, particularly in Rust'avi, heavy pollution of Mtkvari River and the Black Sea, inadequate supplies of potable water, soil pollution from toxic chemicals.
Doing business in Georgia
We offer various corporate services in Georgia jurisdiction. These services can serve both, people coming from Georgia and foreigners. If you plan on doing business in Georgia you might be interested in contacting us.
To find out about starting your business in Georgia click on company formation in Georgia.
To find out how to open a bank account in Georgia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Georgia.
Choose preferred service below or continue reading to find out more about Georgia.
Demographics of Georgia
The total population of Georgia is 3,907,131 people. In Georgia, the population density is 64 people per square kilometer (166 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is diverse according to a fractionalization scale which for Georgia is 0.4923. Georgia has approximately 189893 foreign immigrants. The median age is approximately 37.7 years. In Georgia, 45.5 in every 100 people use internet. Georgia has a Human Development Index (HDI) of 0.744.
The majority religion of Georgia is Christianity, Georgia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Georgia.
Culture of Georgia
People in Georgia speak the Georgian language. According to data on inbound tourists in Georgia, 5,392,000 tourists arrive in the country each year. The first McDonalds in Georgia was opened on 5 February 1999, and it was located in Rustaveli Avenue, Tbilisi. One of the most popular national dishes of Georgia is khachapuri. To read more click on culture of Georgia.
Geography of Georgia
Georgia is considered to be a large nation because of its total area. Its total land area is 69,700 km² (approx. 26,911 mi²). Georgia is located in Asia. Its capital city is Tbilisi (official); Kutaisi (legislative). Georgia has 4 neighbouring countries. Its neighbours include Armenia, Azerbaijan, Russia, and Turkey. Total length of land borders of Georgia is 1814 kilometers (~700 miles).
The highest point of Georgia is Shkhara, with its official height being 5193 m (17,038 ft). Including land mass and EEZ, the total area of Georgia is approximately 91,646 km² (~35,385 mi²). The most notable natural resources found in Georgia are timber, hydropower, manganese, iron ore, copper, coal, oil, pleasant climate, arable land.To read more click on geography of Georgia.
Economy of Georgia
The currency of the country is Georgian lari. The symbol used for this currency is ლ, and it is abbreviated as GEL. 11.5% of population in the country are unemployed. The total number of unemployed people in Georgia is 449,320. Each year, Georgia exports around $2.62 billion and imports roughly $7.06 billion. The Gini Index of the country is 46. Georgia has a Human Development Index (HDI) of 0.744.The Global Peace Index (GPI) for Georgia is 1.973. Georgia has a government debt of 48.1% of the country's Gross Domestic Product (GDP), as assessed in 2012. Georgia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are steel, machine tools, electrical appliances, mining (manganese, copper, gold), chemicals, wood products, wine.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Georgia is $34,345 billion. Each year, consumers spend around $8,887 million. The ratio of consumer spending to GDP in Georgia is 0%, and the ratio of consumer spending to the world consumer market is 0.0256. The corporate tax in Georgia is set at 15%. VAT in Georgia is 18%. In 2013, Georgia received 662.2 million USD in foreign aid.In 2014, the foreign aid amounted to 585.7 USD.To read more click on economy of Georgia.
Infrastructure of Georgia
Infrastructure quality in Georgia is rated to be at 2.42. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Georgia, 100% of the population has access to electricity. There are 357,864 internet hosts in Georgia. Georgia has 22 airports nationwide.
The logistics performance index of Georgia is 2.51. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.59. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Georgia is 14. To read more click on infrastructure of Georgia.
Politics of Georgia
Georgia, is a unitary semi-presidential republic. With regard to political and civil freedoms, Georgia is 2. Citizens in Georgia experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Georgia, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Giorgi Margvelashvili.
According to the World Bank Group, the government effectiveness index of Georgia is 0.48. This indicates that the government of Georgia is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Georgia before considering any business maneuvers.In Georgia, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Georgia is 1.973. The strength of legal rights index for Georgia is 9. Overall, it is considered to be rather strong - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible. In 2013, Georgia received 662.2 million USD in foreign aid. In 2014, the foreign aid amounted to 585.7 USD. Georgia is a member of the United Nations (UN). On 31 July 1992, it joined the UN as a full member state. Georgia is a member of the World Bank. To read more click on politics of Georgia.
Environment of Georgia
Georgia emits 1.8 metric tons per capita of CO2. 28577 km² of Georgia's territory is covered in forests. and forest land comprises 41% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Georgia is 14. To read more click on environment of Georgia.
Company formation in Georgia
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Georgia.
When establishing a company in Georgia, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Georgia that will affect the establishment and growth of one's business. Contact us or click on company formation in Georgia to read additional information when setting up a business.
Bank account opening in Georgia
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Georgia. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Georgia, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Georgia or contact us.