Batumi Weather

Currency

Meeting with Chief advisor to the Prime Minister for the protection of the private sector Mr. Giorgi Pertaia... PDF Print E-mail
Monday, 09 August 2010 18:59

At Georgian International Investors Association was held a meeting with Chief advisor to the Prime Minister for the protection of private sector Mr. Giorgi Pertaia. At the meeting Giorgi Pertaia got acquainted with the activity of the International Investors Association and main problems that investors face very often. Investors had particular issues which they would like to be solved by the government, including Revenue Service tariffs, problems concerning custom issues. Additionally, there was mentioned existing situation about relationship with financial police and were given practical examples, which humiliates investment environment of Georgia. Mr. Giorgi used to work in Chamber of Commerce of USA, USID and EU projects; he graduated business school in west Illinois and worked in Hamilton Company in Washington. He knows business sphere well and actively is trying to solve main problems in private sector. So investors hope that their particular problems will be discussed at the highest levels and timely will be solved. Giorgi Pertaia declared that every problem raised by investors will be presented to the Prime Minister same day and in shortest time will be discussed and solved. “I guarantee that a concrete issue or problem that are raised by investors will be passed to the Prime Minister same day. You can use mobile phone, E-mail, special form given on the web-site for the communication. I also guarantee Anonymous if it is needed” – declared Giorgi Pertaia. At the meeting they agreed that Georgian International Investors Association will inform Chief advisor about all concerning problematic issues of the investors in written form, which they want to be solved.

 
Meeting... PDF Print E-mail
Saturday, 31 July 2010 14:44

On July 31, 2010 meeting was held with chairman of International Consortium of High Technology Mr. Elia Tannoury at International Investors Association office. After meeting with Minister of Finance and Economy, Mr. Elia Tannoury offered his help and support to association members concerning high technology issues. The meeting was held in friendly atmosphere and promises new and interesting projects in future.

 
Meeting at International Investors Association... PDF Print E-mail
Friday, 30 July 2010 15:37

Meeting was held with Turkish businessmen at International Investors Association office. They are interested in construction business in Batumi. Investors got acquainted with tendencies of business development, taxation and investment environment. The head of delegation Mehmet Ardanuchi declared that investment environment existed in Adjara region is very impressionable. Businessmen already started to bargain and in nearest future will implement investment for the project.

 
Meeting with French Investor... PDF Print E-mail
Thursday, 29 July 2010 13:20

On July 29, 2010, the meeting was held with French investor Yann Ichbiah at International Investors Association office, who intends to build French restaurant and guest-house in Kobuleti and Kvariati. The meeting between French investor and General Secretary of the association was introductory. The construction is planned to begin in nearest future. As a result, the region will have guest-house and another food object in the form of French restaurant named Paris-Kobuleti.

 
Georgian International Investors Association members attended the faculty program devoted to USA requirements for importation of GSP-eligible agricultural products... PDF Print E-mail
Tuesday, 27 July 2010 11:32

In July 2010, CLDP was held workshops, sector-specific meetings, and site visits in Tbilisi, Kutaisi and Batumi for relevant government officials, trade association representatives, and private sector producers on how to expand Georgia’s exports under the GSP program and how to satisfy U.S. import standards and regulations.

The faculty for the program was held on July 26, 2010 by representatives from the Office of the United States Trade Representative (USTR), the U.S. Food and Drug Administration (FDA), the U.S. Department of Agriculture (USDA), the Alcohol and Tobacco Tax and Trade Bureau (TTB), U.S. Customs and Border Protection (CBP), and the U.S. Department of Commerce.

The faculty program objectives were as:

1. To provide practical assistance to Georgian agribusinesses and the Government of Georgia on how to recognize and take advantage of market opportunities in order to increase exports to the United States.

2. To improve the skill and knowledge level of the Government of Georgia and the private sector to recognize and follow U.S. government requirements for importation, especially for agricultural products.

3. To improve the ability of the Government of Georgia and private sector exporters to take advantage of the U.S. GSP program.

A Joint Needs Assessment of Georgia by the United Nations and the World Bank noted that exports of Georgian goods and services were expected to decline by 22 percent in the beginning of 2009.  In addition, according to the National Statistics Office of Georgia, Georgia’s exports to U.S. in 2009 totaled only $37 million (3% of total exports) and included just 9 of the 3,400 eligible product types under the Generalized System of Preferences (GSP) program. The agribusiness sector, which accounts for 16 percent of Georgia’s economic output, has been the basis for significant exports to other nations.

Increased output and exportation of GSP-eligible agricultural products to the U.S. is possible by providing technical assistance to improve Georgian exporters’ ability to meet U.S. food and beverage import standards and regulations and to expand their use of GSP duty-free export opportunities.

 
Meeting... PDF Print E-mail
Friday, 23 July 2010 16:20

Commercial attache of France Mr. Daniel Patat was on a visit to International Investors Association of Georgia. Caucasus coordinator of French Businessmen council was engaged in the visit as well. The meeting was introductory. The chairman of Association Mr. Cemal Bilgingulluoglu informed the guest about the association structure, main goals, visions and priorities. Guests became interested in Association’s activities after the meeting with the government of Adjara. They were satisfied with the businessmen’ successful activities in Adjara region and with an advantage investment environment.

 
Georgian International Investors Association Trustee Board Meeting… PDF Print E-mail
Thursday, 22 July 2010 16:48

On July 22, 2010 was held next meeting of Georgian International Investors Association Trustee Board. On the meeting were discussed issues concerning financial situation of the association and was checked financial statements. Head of the Trustee Board Mr. Levan Shervashidze and member Ilker Dindar expressed their own views on how to carry out association financial position and implement jobs more successfully.

 
Investing Across Borders 2010... PDF Print E-mail
Friday, 16 July 2010 16:32

Based on a new report by the World Bank “Investing Across Borders 2010”, Georgia is one of the most opened countries for direct foreign investments among 87 countries in the world. Based on all indicators of mentioned research of World Bank, Georgia is fully opened for foreign capital and there are not any restrictions to foreign companies. Only 4 procedures and 4 days is enough to establish the business and LTDs in Georgia. Foreign company does not need any additional documents or permissions that it represents the subsidiary company of existed company in foreign country. Company is able to sign in the necessary documents for registration in “online” regime and receive the identification number. The companies are able to establish bank accounts in foreign currency. There is no any demand of existence of minimal foreign capital for local companies as well as for foreign companies. The establishment of business in Georgia can be done in less than a week. Based on mentioned research, it is necessary 33 days to establish the business in Poland, in Russia-31 days, in Greece-22 days, in Bulgaira-20 days, Armenia-18 days, Turkey 8 days. More than 6 months is necessary to begin the business in Angola (263 days) and Haiti (212 days). According to the law adopted in 2008, the registration issues concerning the possession of land has been significantly simplified and accelerated. Only 1 week is necessary to hold land under lease in Georgia while the mentioned procedure needs 5 months in Poland. The land of government’s property is possible to lease in 50 days while in Bulgaria it continues almost 1 year (352 days). Investing Across Borders 2010aims to help countries develop more competitive business environments by identifying good practices in investment policy design and implementation. It provides indicators examining sector-specific restrictions on foreign equity ownership, the process of starting a foreign business, access to industrial land, and commercial arbitration regimes in 87 countries.

See statistic...

 

 
Tariffs and Fees for Services provided by Revenue Service PDF Print E-mail
Friday, 16 July 2010 14:46

Tariffs and Fees for Services provided by Revenue Service
Georgian Government Resolution No96
March 30, 2010


No

Type of Service

Service Term

Tariff for Service  (Including VAT)

1

To issue license for gambling games

20 working days
10 working days
5 working days
1 working days

Free
150 Gel
300 Gel
1 000 Gel

2

Private Tax Agent service

 

6 Month

 

2 000 Gel

3

To issue hasten notification  on residency status insured by property

 

More than 2 working days

2 working days

 

Free

 

30 Gel

4

To issue note about Tax payer’s bank accounts

More than 3 working days
3 working days
1 working days

Free

10 Gel
20  Gel

5

For getting monthly declaration and its enclosures copies  for 3 month time period from archive

1 month
10 working days
2 working days

Free
50 Gel
150  Gel

6

For getting monthly declaration and its enclosures copies for 3 to 6 month period from archive

1 month
10 working days
2 working days

Free
100 Gel
250  Gel

7

For getting monthly declaration and its enclosures copies for 6 month to 1 year time period from archive

1 month
10 working days
2 working days

Free
150 Gel
350  Gel

8

For getting monthly declarations copies from archive for more than 1 year time period

1 month
10 working days
2 working days

Free
250 Gel
500 Gel

9

For getting yearly declaration copy for 1 reporting year form the archive

1 month
10 working days
2 working days

Free
50 Gel
150  Gel

10

Non planned tax examination initiated by tax payer

 

For persons less than 1 000 000 yearly turnover _ 10 000 Gel; In case of more than
1 000 000- yearly turnover­ _ 30 000 Gel

11

To issue hasten permission on custom warehouse activity, free warehouse activity, non custom trade point activity

20 Working Days

10 Working Days

Free

On every 1 square meter 0.1 Gel, but not less than 100 Gel; reservoir 1 cubic meter 0.05 Gel,  but not less than 100 Gel;

12

To issue certificate of Origin

In more than 2 working days
2 Working Days
4–8 Hours
1–3 Hours

Free

40 Gel
100 Gel
150 Gel

13

In case of postal order, to do all custom clearance and deliver to the point named by receiver

 

 

1 kg-1Gel, but not less than 30 Gel

14

 

In case of automobile, to do all custom clearance and deliver to the point named by receiver

 

 

500 Gel

15

To issue certificate for the ship setting free from sanitary control/Conducting ship sanitary control

1 Working Day

More than 1 working day

400 Gel

200 GEL

16

To issue certificate for means of transport  For transporting goods With `TIR~ note

4 Hours
1 day
More than 1 day

400  GEL
300 GEL
200  GEL

17

In order to make custom clearance for Excisable alcoholic beverages relocated  as postal order (including beer) and deliver to the point named by receiver

 

Ten times more amount than excise rate but not less than 10 GEL

18

For National Commodity Nomenclature of Foreign Economic Activity 8701, 8702, 8703, 8704, 8705 and 8711 codes of motor vehicles(Engine volume more than 50 sm3) to continue submission date for custom declaration In order to make custom clearance (Not more than 45 calendar days, without placing temporarily in custom warehouse)

 

Not more than 5 calendar days _ for each calendar day 20 GEL;
More than 5 calendar days _ 100GEL + for each calendar day 10 GEL

19

Preliminary conclusion of Tax organ concerning using Tax code

More than 10 working Days

 

 

10 Working Days

 

 

 

Equity more than 1 000 000 GEL and/or more than 10 000 000 GEL yearly Turnover;
For the others _ 5000 GEL.
Equity more than 1 000 000 GEL and/or more than 10 000 000 GEL yearly Turnover _ 30 000 GEL;
For the others_
15 000 GEL

20

If Revenue Service Representative takes part in making act on cutting off inventory holdings

 

5% of balance value, not less than 300 and not more than 1 000 GEL.~.

 
The Georgian Chamber of Commerce and Industry resumed issuance of the certificate of origin... PDF Print E-mail
Friday, 09 July 2010 16:16

According to a joint order of the Minister of Finance of Georgia and the Minister of Economic Development of Georgia №890-№1-1/2978 as of December 30, 2009, the Georgian Chamber of Commerce and Industry was granted the right to resume issuance of the certificate of origin of goods.

If, prior to August 1, 2008 the Chamber only issued CT-1 certificate of origin of goods, the mentioned order entitled it to additionally issue three more certificates:

  1. Non-preferential certificate of origin;
  2. Preferential certificate of origin – form A;
  3. Preferential certificate of origin – EUR 1.

The Chamber has a many years' experience in issuance of certificates, which is a guarantee that our service will be prompt, high-quality and significantly preferential.

The period of issuance of the certificate by the Chamber, as well as the service charge (including VAT), will be determined in the following way:

-          if issuance of the certificate will take more than 2 working days – free of charge;

-          2 days – 20 GEL;

-          4-8 hours – 50 GEL;

-          1-3 hours – 75 GEL.

 
<< Start < Prev 61 62 63 64 65 66 67 68 69 70 Next > End >>

Page 70 of 75