Georgia Wants to Lure Application Development Firms

Georgia Wants to Lure Application Development Firms

Georgia—the country, not the state—is offering tax-free status to IT companies who locate within its borders. Georgian Prime Minister Nikoloz Gilauri told a Russian news agency that his country is trying to entice foreign software developers to re-locate.

[login]Analysts note that although the absence of taxes may be attractive to some companies, Georgia’s recent instability makes it fairly unattractive to foreign organizations—especially when they can purchase the skills of Georgian software developers without relocating their companies.

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