Applications for Batch 2 of 500Georgia are now open! Apply before October 20th.

Why Apply?

Georgia aims to position itself as a regional startup hub on the global innovations map. 500Georgia welcomes international startups from the surrounding region who are interested in establishing an entity in Georgia. There are a few reasons why an international company might be interested in the Georgian market; ease of doing business, access to global markets through well-established worldwide free trade regimes, good climate and amazing cuisine.

Ease of Business

In 2020, Georgia ranked 7th place amongst 190 countries in the Ease of Doing Business Index* powered by the World Bank Group. The country is featured on the list of 10 top improvers for three consecutive Doing Business cycles. Some notable rankings that Georgia has achieved include:

  • Starting a Business – 2rd position
  • Registering Property – 5th and
  • Protecting Minority Investors – 7th position.

Georgia also takes the 1st position in East Europe & Central Asia region (amongst 23 countries) in all of the above areas.

In addition to this, Georgia has favorable tax system. According to the World Economic Forum’s Global Competitiveness Index 2018, Georgia ranks #8 in the world with Total Tax Rate (16.4%)*.

Access to Global Markets

Free trade regimes and cheap, corruption-free logistic costs make Georgia a great place to build a company with a regional focus. Located between Europe and Asia, the economy of Georgia is highly integrated with international markets. Georgia’s liberal trade regimes provide a unique opportunity to not only access the local residents, but the wider region’s markets. To date, Georgia has signed a free trade agreement with the European Union (EU), the European Free Trade Association (EFTA), Commonwealth of Independent States (CIS) countries, Turkey, China and Hong Kong.*

Culture

Georgia is a small country with ancient history, culture, and forward-thinking people who have kept their natural warmth and hospitality while moving towards the future. Recognized as the Cradle of Wine and the UNESCO World Heritage, visitors of Georgia have the opportunity to discover great Georgian wine and the unique method of Qvevri wine-making. Great food, wine and lots of young, hipster places are making it a tourism hotspot in the region. Tbilisi is a preferable place for startups and digital nomads due to its warm climate, visa-free entry, number of tech-talents and co-working spaces; all of these come together and set a great atmosphere for building a company while enjoying a life.