Doing business in Georgia is a fairly simple procedure. You only need to register with the National Agency of Public Registry. There are also free industrial zones in the country that offer tax breaks to businesses.
The term – manufacturing – may refer to a range of human activities, from handicraft to high tech, but it is most commonly applied to industrial design, in which raw materials from primary industries are transformed into finished goods on a large scale.
Georgia’s free industrial zones are characterized by the following advantages: tax breaks, simplified procedures, making payments in any currency, exemption from the obligation to obtain a majority of licenses/permits, independence of local self-government agency.
As to the turnover of Georgia’s largest companies, three of them are state-owned companies: Telasi, ESCO, and Georgian Railway.
There are not many large enterprises in Georgia that produce and export products.
The following is a list of the largest companies operating in Georgia in terms of turnover, profit, and export potential:
- Georgian Manganese
- Rustavi Azot
- Heidelberg Cement Georgia
- Rustavi Metallurgical Plant
The list of the largest companies is dominated by oil companies – 6 out of the top 20. Besides, the rating includes two enterprises dealing with gaming. The energy sector is also among the leaders.
Three of the largest companies are also on the list of the largest employer companies in Georgia: Georgian Manganese, Energo PRO Georgia, Georgian Railway.
In Georgia, the biggest share in the business sector turnover structure is of trade, processing, and construction fields.