In an increasingly complex business environment with stringent tax and fiscal regimes, businesses are in the lookout for more favorable ways of organizing and conducting business. Read the article to learn about Free Economic Zones in Georgia, as one of the best ways to do business under most optimal terms, and to have access to key markets in the world.
In several years, Georgia had greatly strengthened its positions among investors on a global market. Businessmen from other countries are especially interested in tourist sphere, real estate, and possibility of optimized taxation. The latter is realized in Georgia at a quite high level. We speak here of special territories called Free industrial zones (FIZ). When […]
Georgian Free Industrial Zones (FIZ) provide for a good opportunity to improve a business company performance by lessening the tax burden. Companies registered in such Zones do not pay the VAT, the profit as well as the dividend taxes. By creating beneficial conditions for doing business in FIZ, the Georgian government has made many foreign […]
A Free industrial Zone (FIZ) is a special business territory with reduced taxes. There are several such Zones in Georgia and their main task is to attract investment capital to the country. Each Zone has its own particular advantages and each of them may turn out especially attractive for a company working in a certain […]
Many foreign investors find Georgian Free Industrial Zones (FIZ) very attractive. These are special territories with a lower tax burden often referred to as tax havens. Both legal entities and private entrepreneurs registered in a FIZ pay almost nothing in taxes on the condition that they export their produce to other countries. Another valuable merit […]
Doing business in Georgian Free Industrial Zones (FIZ) is considerably more efficient due to the lower tax burden in such zones. Thus, it is no surprise that FIZ attract investors. It is enticing indeed to have a business in a country with a stable economy, adequate legislation, and loyal government support. So, what exactly attracts […]