Home Business Development BALNEOLOGICAL RESORTS INDUSTRY

BALNEOLOGICAL RESORTS INDUSTRY

To showcase the potential of the regions, create tourism businesses and sustainable economic benefits, the Balneological Resorts industry component enables entrepreneurs to develop hotel businesses in the regions, create new jobs, attract more tourists, and contribute to the region's economic development

 

 

 

 

  • INTEREST RATE CO-FINANCING
  • INTEREST RATE AND ROYALTY FEES CO-FINANCING
  • TECHNICAL ASSISTANCE

 

*Hotel Development/Expansion

  • 7% Interest Rate Co-financing for the first 2 years – loans in GEL
  • Minimum loan volume – GEL 200 000 
  • Maximum loan volume – GEL 3 000 000
  • 100% of the loan amount should be used for basic and capital expenditure

* Restrict participation in the program

  • Total VAT turnover of the Entity or its Affiliated Legal Entity for the preceding 12 calendar months exceeds 2 million GEL (annual turnover of the aforementioned companies equals approximately 10 million GEL) or the aforementioned partner company is new for 1 year
  • Previous 12 calendar months income of an entrepreneur or his / her partner natural person exceeds GEL 300,000

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