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1. Please tell us about your arrival in Georgia and the establishment of the development company "Iconia Capitals"?
I first visited Georgia in 2013, and immediately fell in love with the country, people, and culture. I was also encouraged to invest in the country via presentations and information provided by the Georgian National Investment Agency, which promised a free investment climate, open business environment, and a fair court system. I therefore started my first investment in Georgia, Iconia Capital LLC, in April 2014. After months of searching, we identified a fantastic territory in the heart of Tbilisi for real estate development. We purchased the property in December 2014 and were very excited to start the construction of a premium, American-style office and apartment complex. However, several months later, after applying for our construction permit with the Tbilisi City Hall, our lawyers notified us that the application had been stopped due to an appeal by several individuals living near our territory. This appeal transformed into several lawsuits and a multi-year conflict with several powerful individuals in Georgia, who have successfully stopped our business for the past five years, even though we have broken no laws and have construction permission to build on our own land. We have been fighting to defend our business and our rights until the current day. |
AuthorMedia team at Iconia Capital LLC, Working for justice since 2014. Archives
July 2020
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ICONIA Capital LLC
79 Sulkhan Tsintsadze Street
Tbilisi, Georgia
79 Sulkhan Tsintsadze Street
Tbilisi, Georgia