Entrepreneurs operating in the regions of Georgia can benefit from the Hotel Industry Incentive. According to the Government decision and based on the market demand the scheme was introduced to promote hospitality business across country, attract increasing number of tourists, create jobs and develop each region of Georgia.
The scheme promotes entrance of international hotel brands via franchise or management contracts by co-financing royalty fees
INTEREST RATE CO-FINANCING
*Hotel Development/Expansion
INTEREST RATE AND ROYALTY FEES CO-FINANCING
*Development of International Brand Hotels
TECHNICAL ASSISTANCE
The state program “Produce in Georgia”, sponsored by Enterprise Georgia, provides entrepreneurs, business owners, and related beneficiaries with valuable technical assistance associated with business development and operational optimization. Companies may take advantage of these services, up to 10,000 GEL in value, by providing 10% co-financing. In addition, beneficiaries interested in this program must provide:
The application document will be evaluated by a special commission created by LEPL Enterprise Georgia. The commission will take 10 working days to review submissions, confirming compliance with all of the criteria outlined above.
