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The Myth of “High Interest and No Tax” Georgian bank time deposits are often promoted with phrases like “high interest” and “tax-free.” While it is true that interest rates in Georgia can be relatively attractive, and local tax treatment appears simple, this perception can be misleading when viewed from a global tax perspective. Local Tax Treatment vs. Global Tax Reality Within Georgia, the taxation of bank interest is straightforward, which leads many to assume that interest income is effectively tax-free. However, this assessment only applies within Georgia itself and does not account for international reporting standards or foreign tax obligations. Why Tax Residency Matters Under CRS Under the Common Reporting Standard (CRS), the decisive factor is not where the bank account is held, but where the account holder is tax resident. Banks report account information to tax authorities based on declared tax residency, and this information is exchanged internationally. As a result, interest income may still be taxable in the account holder’s country of tax residence, regardless of local Georgian treatment. Why “Tax-Free” Is Often Misunderstood The misunderstanding surrounding Georgian deposits stems from several factors: Light or simple local taxation Outdated, pre-CRS information A focus on where tax is not collected rather than where it is owed In the CRS era, transparency has replaced secrecy, and proper reporting has become essential. Practical Considerations for Deposit Holders Anyone considering Georgian time deposits should ensure: Their tax residency status is clearly defined Interest income is assessed under applicable tax laws Account usage can be fully explained under CRS reporting With proper planning, Georgia’s attractive interest rates can be utilized without creating compliance issues. Conclusion: Beyond the “Tax-Free” Label Georgian bank deposits can be a useful tool for asset management, but only when approached with a correct understanding of tax obligations. In today’s global reporting environment, the key question is not whether income is taxed locally, but how it should be handled under the rules of one’s tax residency. Clarity and compliance, rather than assumptions, are what ultimately protect investors in the CRS era.

A Turning Point in Georgia’s Foreign Employment Policy Georgia has long been known for its open and flexible approach to foreign workers.Minimal bureaucracy and ease of entry made the country attractive to entrepreneurs, remote workers, and investors. From 2026, however, Georgia plans to introduce mandatory work permits for foreign nationals, marking a significant policy shift. Why Georgia Is Introducing Work Permits Several factors are driving this change: Rapid growth in the number of foreign workers Difficulty tracking actual employment conditions The need to balance domestic labor markets Gaps between legal frameworks and real-world practices Rather than a simple tightening of rules, the new system aims to formalize and clarify employment relationships. What Will Change Under the New System With work permits in place, foreign employment is likely to become more structured. Employment roles, duration, and employer responsibility will be more clearly defined.This reduces ambiguity, but also means that foreign workers must better understand their legal status. Flexibility will still exist, but within a clearer regulatory framework. What Foreigners and Businesses Should Prepare For Looking ahead to 2026, individuals and companies should assess: Whether their activities qualify as employment How they are formally engaged (employment vs. contract) Whether their work arrangements are legally sustainable This is especially relevant for freelancers, consultants, and remote workers operating across borders. Does This Reduce Georgia’s Attractiveness? At first glance, permit requirements may seem restrictive. However, clearer rules can also increase legal certainty and long-term stability for those committed to living and working in Georgia. The shift represents a move from informal flexibility toward structured openness. Conclusion: Entering the Next Phase Georgia’s planned work permit requirement signals a transition toward a more mature labor and immigration framework. For foreign workers, success will depend not on avoiding regulation, but on understanding it and planning accordingly. Those who adapt early will be best positioned to continue benefiting from Georgia’s evolving economic environment.

The Evolution of a Major Mountain Resort Located in northern Georgia, Gudauri is one of the country’s most well-known mountain destinations.Within this area, New Gudauri has emerged as a purpose-built resort zone, designed as a modern extension of the traditional Gudauri area. Unlike organically grown resort towns, New Gudauri has been developed with a master plan, integrating accommodation, leisure, and commercial functions into a single resort environment. Why New Gudauri Is Considered One of the Largest New Gudauri’s scale sets it apart. The area features multiple large hotels and residential-style accommodations, ski-in/ski-out access, and a growing cluster of restaurants and retail spaces. Together, these elements create a destination designed for longer stays rather than day visits. This integrated approach has positioned New Gudauri as one of Georgia’s most ambitious resort developments. Appeal as a Tourism Hub While winter sports remain a core attraction, New Gudauri is increasingly promoted as a year-round destination. Summer activities, nature-based tourism, and longer seasonal stays have expanded its appeal beyond skiing.Its relative proximity to Tbilisi further enhances accessibility for both domestic and international visitors. Viewing New Gudauri Through an Investment Lens In addition to tourism, New Gudauri has attracted attention as a real estate and investment location. Early-stage development offered comparatively accessible entry points, drawing interest from overseas buyers.As the area has matured, however, investment success has become more dependent on asset selection, usage strategy, and management quality. The market has shifted from broad-based growth to selective performance. Challenges After Rapid Growth Following a period of fast expansion, New Gudauri now faces more nuanced challenges. Differences in property quality, operational management, and actual demand have become more apparent.As supply has increased, not all assets perform equally, highlighting the importance of fundamentals. Conclusion: Entering a More Mature Phase New Gudauri’s rise has been rapid, transforming it into one of Georgia’s flagship resort destinations. Today, the focus is no longer on scale alone, but on sustainability, usability, and long-term positioning.Understanding New Gudauri now requires looking beyond size and growth headlines to assess how the resort will function and endure in the years ahead.

Where New Gudauri Stands Today Gudauri is one of Georgia’s best-known mountain resorts, and New Gudauri has been at the center of its recent development boom. After a period of rapid growth, questions began to emerge about whether prices had peaked and whether demand had cooled. The key issue now is whether the market has found its bottom — or is still searching for it. Signs from Tourist Arrivals Tourist numbers provide an important first indicator. Recent trends show a gradual return of visitors, including winter sports tourists, short-term regional travelers, and longer-stay international guests. Notably, off-season usage has also started to expand, suggesting more stable and diversified demand. This points to more than a temporary rebound. Accommodation Demand Reveals Real Usage Beyond headline visitor numbers, accommodation demand offers deeper insight. In New Gudauri, demand is emerging across multiple segments: short stays, medium-term remote workers, and family-based longer stays. This indicates a shift from purely investment-driven ownership toward actual usage. Such real demand is a key factor in stabilizing resort markets. Why “Bottoming Out” Requires Careful Interpretation That said, declaring a clear bottom requires caution. Recovery is uneven. Location quality, property management, and pricing levels all influence performance. Rather than a uniform rebound, the market appears to be entering a phase where stronger assets recover first. Selective recovery, not broad-based acceleration, defines this stage. An Investor’s Perspective From an investment standpoint, New Gudauri is no longer a momentum-driven market. The focus has shifted to fundamentals: year-round usability, realistic management structures, and sustainable demand. After a period of adjustment, opportunities now depend on careful selection rather than general market growth. Conclusion: Early Recovery, Greater Selectivity New Gudauri is transitioning from rapid expansion to a more mature phase. Tourism and accommodation trends suggest the market is stabilizing rather than declining further. However, the next phase will reward discernment, not speculation. Understanding where genuine demand exists will be essential in navigating New Gudauri’s next chapter.

Healthcare as a Core Element of the New Capital Egypt’s New Administrative Capital is more than a relocation of government functions.Healthcare has been positioned as one of the city’s strategic pillars, alongside administration, finance, and education. At the heart of this vision lies Medical City, a comprehensive healthcare district designed to integrate treatment, research, education, and industry. The Strategic Purpose of Medical City Medical City is not intended solely to improve domestic healthcare services. Its broader objectives include strengthening advanced medical capabilities, training healthcare professionals, supporting research, and positioning Egypt as a regional medical hub serving neighboring countries. Healthcare is being treated not just as social infrastructure, but as a long-term driver of national competitiveness. Why a Medical City Now? Several factors make this initiative particularly timely. Rapid population growth, uneven distribution of medical facilities, reliance on overseas treatment for advanced care, and unmet regional demand have all highlighted the need for a centralized healthcare hub. Medical City is designed as a response to these overlapping challenges. The Significance of the New Capital Location Placing Medical City within the New Capital provides clear advantages. Modern infrastructure, proximity to government institutions, and strong connectivity to airports and transport networks create an ideal environment for high-level medical services and international collaboration. These factors enhance efficiency, safety, and global accessibility. Investment and Business Implications While Medical City is a public initiative, it opens opportunities for private-sector participation. Hospital operations, medical devices, pharmaceuticals, research, education, and surrounding real estate all represent potential areas of long-term engagement. Given the nature of healthcare, the project aligns well with investors seeking stability and sustainable growth rather than short-term returns. Conclusion: Healthcare as a Foundation for Urban Evolution Medical City represents Egypt’s ambition to elevate urban quality through healthcare-led development. By building an ecosystem that connects people, technology, and industry, the project aims to redefine the role of healthcare in national development. As part of the New Capital vision, Medical City stands as a key indicator of Egypt’s future direction and long-term strategy.

Rising Tension in the USD/JPY Market The USD/JPY exchange rate has experienced unusually sharp fluctuations in recent years.While interest rate differentials and global economic conditions remain key drivers, domestic political developments have become increasingly influential. As general elections approach, currency movements are no longer viewed as purely market-driven events, but as issues closely tied to political decision-making. Why Elections Affect Currency Markets Ahead of elections, rapid currency movements can directly impact daily life through inflation, import costs, and energy prices. As a result, excessive yen depreciation or appreciation quickly becomes a political issue, shaping public sentiment and government responses. Currency intervention, therefore, serves not only as an economic tool but also as a political signal. The Battle Over Currency Intervention Markets constantly attempt to anticipate government and central bank actions by analyzing official statements and policy signals. Authorities, on the other hand, balance verbal warnings, policy guidance, and the option of direct intervention to manage volatility. As elections draw nearer, this interaction between policymakers and markets becomes increasingly delicate. What Sharp USD/JPY Movements Reflect Sudden shifts in the exchange rate reflect more than short-term speculation. They embody concerns about interest rate differentials, economic outlooks, and uncertainty surrounding policy responses. Political events such as elections can amplify these factors, acting as catalysts rather than root causes. What Investors Should Keep in Mind During periods of heightened political attention, short-term market moves can appear dramatic. Investors should step back and consider whether political events are temporary triggers or signals of deeper structural change. Elections and interventions may influence timing, but they do not always alter the long-term direction of currency trends. Conclusion: Understanding the Distance Between Politics and Markets The interaction between elections and currency intervention highlights the close — yet limited — relationship between politics and financial markets. Ultimately, markets return to fundamentals such as interest rates, growth prospects, and policy sustainability. By looking beyond headlines and examining this balance, investors can gain a clearer perspective on what currency volatility truly represents.