The share of offshore countries in FDI

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8%). In total, in the first 9 months of the year, these three countries accounted for 46.4% of the total FDI. It is worth noting that this year, investments from the Netherlands (115 million USD) are 3.3 times lower than last year. Among the Dutch investor companies, there is the company "Borjomi", which is on the list of the largest companies in terms of investment, although the ultimate owner of the company is registered in the Netherlands Antilles, which is considered an offshore zone under Georgian legislation.


According to IDFI, the United Kingdom has been among the leading FDI investors in Georgia for years, driven by investments in the financial and insurance sectors. This is partly due to the fact that official statistics include switzerland fax data large Georgian holdings that are also listed on the London Stock Exchange, such as Georgian Capital, the former BGEO Group, whose main investor is the Bank of Georgia Group.


"Over the years, has been high, which indicates that foreign investment reflected in official statistics may still represent Georgian capital. The activities of a legal entity registered in an offshore zone are permitted in Georgia, as in countries around the world, and do not contradict the legislation." In this way, businesses reduce taxes. However, it is possible that often Georgian citizens were behind FDI, who first took the investment out of the country and then brought it back.