Georgia, due to its geographical location along the Asian and European transit routes, has provided a favorable investment environment and has been attracted by investors from all over the world. Many Iranians have been persuaded to invest in Georgia and have moved their capital to Georgia.
Georgia has become one of the right countries to invest in, with very low tax rates as well as good investment opportunities. It is interesting to note that unlike many countries, Georgia is not a good country for large investments due to its small population.
That’s why it should be noted that in this country you must start with small businesses.Since Georgia is a poor country with a low per capita income and 20% of its population lives below the poverty line, so should consider the people’s purchasing power.
Of course, the actions of the Georgian government, as well as European support, are improving its economy day by day. For these reasons, it can be concluded that large investments are not appropriate for Georgia and that consultants and experts should be consulted in order to enter into such an important issue.
It should be borne in mind that investing is not just about the financial aspect, and paying attention to all aspects helps to avoid major losses such as capital loss. There is an Investment Agency within the Ministry of Economy of Georgia and you can consult with its experts for free and use their experiences.
Here are some of Georgia’s most important investment opportunities.
1. Agriculture and Animal Husbandry
Agriculture has a long history in Georgia, and many people are now engaged in it. Since Georgia has a favorable climate for agriculture and easy access to water resources and fertile land, agriculture is one of the most important jobs in this country.
Livestock farming also has a large share in the list of important jobs in Georgia. Breeding sheep, dairy cattle, poultry, pigs, turkeys and all kinds of livestock and poultry are among the most popular occupations.
Georgia exports some of its livestock. For example, mutton is exported to many countries, including Muslim countries, because it has few buyers in Georgia. If you want to get into this business field for investing, it’s better to focus on exporting livestock products to gain greater profits and capital by targeting larger markets.
One of the problems facing investors in agriculture is the law that has been in place for the past few years. A law that does not allow foreigners to sell agricultural land; however, various acts such as renting land for 99 years from a landowner can be passed.
2. Construction in Georgia
Georgia has a better investment platform for construction than other countries around it. Construction of residential, commercial and office buildings is one of those that can be very profitable for investment, but the purchase of residential buildings is more popular than other uses.
Investment in the construction sector is said to have the potential to generate at least half the capital. Since it has long been enacted and enforced a law on residence through the purchase of property in Georgia, many investors have been encouraged to buy property in this country.
This law has made the industry, which was ignored a few years ago, nowadays has many customers to get residence. Also attracting huge funds during this period of time and growing the demands for residence in the country are some of the reasons Georgia can have a bright future.
3. Investment in packaging industry
Another important industry in Georgia that has been taken into consideration and is supported by the government is the packaging industry. Georgia is in great need of the packaging industry.
The use of this industry is not limited to its borders only and its main and profitable use is in the export sector. For this reason, there is a good platform for investing in this sector.
It should be noted, however, that we need large funds to invest in some of the packaging industries in Georgia. Given the growth rate of investment in this sector, it can be said that getting more capital is guaranteed.
4. Investing in the energy sector
Georgia is in dire need of electricity increasingly, that’s why investing in renewable energy has attracted the attention of investors for some time. In this sector, the energy required is generated by renewable sources and then sold to private or public companies or planned for export, thus requiring a great deal of initial capital to make a profit.
However, you should note that investing in Georgia’s energy sector is a risk-free investment.It should be noted that one of the largest arch dams in the world belongs to Georgia. The government has made a lot of profit by exporting electricity generated from the dam and importing electricity at a lower price.
5. Investment in Tourism Industry
Given the growth rate of the tourism industry, investing in this industry can be considered one of the most lucrative types of investment. In 2018 the tourism industry has grown at a rate of one million, which can attract many investors.
That is why it can be concluded that if we invest accurately and wisely, we can achieve great profit. The most popular investment in tourism today is restaurant and hotel construction.
In the meantime, building a hotel is one of the best investments in this sector; as despite the high tourist attraction the country still faces a shortage of hotels. Especially the city of Tbilisi, which as a capital faces many problems in the field of tourist accommodation.
Georgia’s investment policy is controlled so that its service sector is run by the natives and foreigners become more involved in manufacturing. So if you are planning to invest in this country, it is best to target the manufacturing sectors to get more government support.
