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 […]
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 […]
The free industrial zone Poti allows significantly reducing costs of business due to less tax burden. Moreover, the zone provides all the conditions for effective operation, with the entire necessary infrastructure: warehouses, offices, land areas, and communications. And of course, the greatest benefit of FIZ Poti is the presence of a big sea port, which […]