Doing Business in Georgia: Essential Information
Georgia offers a unique blend of traditional culture and modern economy, making it an attractive destination for UK businesses and investors. However, like any country, there are certain considerations to keep in mind when doing business in Georgia.
Understanding the Risks
Before investing or operating in Georgia, it’s essential to be aware of the following risks:
Bribery and Corruption
- The risk of bribery and corruption is present in Georgia, although progress has been made in reducing petty corruption.
- Be cautious when dealing with officialdom and ensure that all transactions are transparent and above board.
Terrorism Threat
- Although there have been no recent incidents of terrorism, attacks cannot be ruled out.
- Stay informed about local security conditions and follow the advice of local authorities.
Protective Security Advice
- The FCDO advises against all travel to the breakaway regions of South Ossetia and Abkhazia.
- Avoid areas immediately adjacent to these regions unless absolutely necessary.
Doing Business in Georgia: Key Considerations
When doing business in Georgia, consider the following key factors:
Intellectual Property
- Georgia is a member of international conventions on intellectual property protection.
- The National Intellectual Property Centre (Sakpatenti) handles IP matters.
Organised Crime
- Georgia has a low incidence of organised criminality, but vulnerabilities exist in human trafficking and drug trafficking.
- Exercise caution when dealing with third-party suppliers or partners.
Getting Help
For guidance on doing business in Georgia, contact the Department for Business and Trade (DBT) team in Tbilisi:
[Insert contact information]
Additionally, refer to these resources for more information on doing business in Georgia:
[Insert links to additional resources]