Registering a company in a Free Industrial Zone in Georgia
The advantages of opening a company in one of Georgia's Free Industrial Zones are strategic, operational and above all fiscal. 0% VAT 0% Income Tax 0% Dividend Tax 0% Property Tax.
The advantages of opening a company in one of Georgia's Free Industrial Zones are strategic, operational and above all fiscal. 0% VAT 0% Income Tax 0% Dividend Tax 0% Property Tax.
While Georgia already has a very attractive tax system, the Free Industrial Zone will offer additional advantages to investors. Regulated by the Georgian law on industrial free zones, these FIZ aim to promote economic growth, strengthen industrial competitiveness and attract foreign direct investment. They are designed to create a tax, legal and administrative environment that highly promotes the competitiveness of tenant companies.
And it's also:
If a company domiciled in an FIZ produces goods for export, it is therefore exempt from all taxes, except for the 20% income tax which is deducted from employees' salaries.
They operate in the following cities: Poti (a large Black Sea seaport and an important industrial centre), 2 in Kutaisi (Georgia's third largest city) and Tbilisi (the capital, located near the international airport). All FIZs are operated by private companies.
Investors wishing to set up a business in a Free Industrial Zone will have to apply for a licence depending on the type of activity carried out by the company.
A license has a specific cost for each type of activity. It is renewable annually.
FIZs allow the incorporation of all types of companies in Georgia: Limited Liability Company (LLC), SA, Branch, Limited Partnership and other types of legal entities.
You don't have to travel to Georgia to set up your company in a Free Industrial Zone. A Power of Attorney issued to the legal representative of your choice is enough to remotly carry out all the procedure.