The Role of Tax and Legal Incentives in Attracting Foreign Capital: A Comparative Analysis

This article analyses the effects of amendments to Georgia’s Tax Code on its economy and foreign investment. The measures streamlined compliance, diminished administrative expenses, enhanced transparency and curtailed tax evasion, thus augmenting investor trust. This catalysed enhanced foreign investment, generated employment, expanded GDP, encouraged the formation of small and medium-sized enterprises, diversified the economy and increased social stability, providing a reproducible framework for other transition economies.