Investors Handbook. A Legal Guide to Business in Georgia
The procedures of issuing licenses and permits were
significantly simplified to the "one-stop shop" and "silence is consent" principles.
Customs Reform - From January 1, 2011 the new Tax Code of Georgia took effect which also
includes the provisions regulating customs. Tax Code established business friendly customs pro-
cedures. Customs Tariffs Reform significantly eased and sharply reduced the costs connected to
the foreign trade. Number of import tariffs were abolished on approximetaly 90% of products and
only 3 tariff rates (0%, 5%, 12%) exist instead of previous 16. Georgia sets import taxes on only
several kinds of agricultural goods and constructing materials. In addition, there are no quantita-
tive restrictions (quotas) on imports and exports.
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CYAN MAGENTA YELLOW BLACK 3
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