Home Business Development HOTEL INDUSTRY

HOTEL INDUSTRY

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
  • 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 2 000 000
  • 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

 

 

Online Chat
×