The convenient and favorable geographical position of Georgia makes it attractive from the point of view of establishing various types of industries, infrastructure facilities, research and business on its territory.
Attractive conditions are also created by internal and external activities: reducing the level of bureaucracy and corruption, calm in the internal political life of the country, participation in international projects, opening large free zones.
The ability to enjoy special benefits when registering a business, doing business, minimal taxation and the lack of tight financial control turns free zones into small offshore territories.
The opening of free economic zones attracts investments in Georgia, gives great opportunities to partner countries for the development of foreign business and promotes the integration of Georgia into the world community. Therefore, the topic of free zones for business development deserves special attention.
Here is a comparative analysis of open economic areas in some parameters.
The primary advantage of the Georgian free economic space is tax breaks. Their essence is a complete exemption from any payment for business activities, except for the tax on the salaries of the workers in the zone.
A company producing products for imports in the free industrial zone (PPE) pays a single tax – 4% – tax on the salaries of individuals. When bringing goods to the domestic market of Georgia, the manufacturer is obliged to contribute 4% of the cost of production.
Kutaisi (Kutaisi FIZ) – PPE in Georgia, appeared in 2009. Has a territory of more than 260 thousand square meters. m Specializes in trading all groups of goods. It hosts a large number of industrial facilities. The most popular PPE in Georgia.
Poti (PFIZ) – free economic space in Georgia, founded in 2010. The Ministry of Economy of Georgia controls the minimum share, CEFC holds a controlling stake, and the UAE owns part of it. This is a very important economic asset of the country.
A very extensive free industrial zone that specializes in heavy and light industry. The convenient location near the Black Sea port of large warehouses and the presence of the logistics headquarters allows you to organize any production, and deliver products worldwide.
Also developed trade relations, logistics companies, warehouses, services. The total area of PPE is about 170 thousand square meters. m
construction of facilities and commissioning takes place as investors are attracted;
advantageous location relative to the metropolitan government and aviation site;
location of customs in PPE.
Trouble-free licensing is one of the advantages of working in the SIZ of Tbilisi. Types of licenses:
The strategically convenient location of Georgian PPE allows you to adopt a foreign legitimate business on very favorable terms. Under the direction of activity, you can choose the optimal PPE.
The basic principle of the selection of a free economic space remains the combination of specialization of the zone and its features with the specific goals of business activities.
For assistance with the selection of free zones in Georgia, please contact Eternity Law International.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.