According to the doing business 2020 rating, Georgia takes 7th place in the world!
Ranking by topics:
STARTING A BUSINESS
Georgia takes 2nd place in the world!
The number of procedures entrepreneurs can expect to go through to start up and formally operate an industrial or commercial business, as well as the time and cost to complete these procedures and the paid-in minimum capital requirement as a percentage of gross national income (GNI) per capita.
REGISTERING PROPERTY
Georgia takes 5th place in the world!
The ease with which businesses can secure rights to the property. Included are the number of steps, time, and cost involved in registering property.
PROTECTING MINORITY INVESTORS
Georgia takes 7th place in the world!
Taken into account three dimensions of investor protections: transparency of transactions (Extent of Disclosure Index), liability for self-dealing (Extent of Director Liability Index), shareholders’ ability to sue officers and directors for misconduct (Ease of Shareholder Suits Index), and Strength of Investor Protection Index.
ENFORCING CONTRACTS
Georgia takes 12th place in the world!
Enforcing Contracts measures the time and cost for resolving a commercial dispute through a local first-instance court and the quality of judicial processes index, evaluating whether each economy has adopted a series of good practices that promote quality and efficiency in the court system.
PAYING TAXES
Georgia takes 14th place in the world!
This topic records the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures the administrative burden of paying taxes and contributions and complying with postfiling procedures.
GETTING CREDIT
Georgia takes 15th place in the world!
Take into account the Legal Rights Index which indicates that laws are better designed to expand access to credit and the Credit Information Index measures the scope, access, and quality of credit information available through public registries or private bureaus.
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