Georgia Free Trade Zones

Tetra Consultants assists our international clients to register company in Georgia free trade zones. Our service package includes Georgia company registration, license applications, and opening local or international corporate bank accounts. Tetra Consultants is the one-stop solution for you to start legally conduct business using a Georgia company.

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Company Registration

3 Weeks

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Free Trade Zones in Georgia

Georgia Free Trade Zones are a quasi-governmental organisation with members from various local departments including the Chamber of Commerce, Ports Authority, Department of Economic Development, and more.

With the objective to maintain economic growth, increase industrial competitiveness, and promote foreign direct investment, the government has established these Zones in various areas. It is considered to be an optimal choice for business owners and foreign investors looking to set up their business in the jurisdiction.

Based on your business activity, needs, and long-term goals, Tetra Consultants will recommend the most suitable Free Trade Zone for you. We will then inform you about the incorporation process.

Some popular Free Trade Zones in Georgia

  • In Georgia, Free Trade Zones are called ‘Free Industrial Zones’. Presently, there are five Free Industrial Zones available:

Georgia-Free-Trade-Zones-Types

Poti free industrial zone (Poti FIZ)

  • Founded in 2008 and spread across 3 million square meters of territory, the Poti Free Industrial Zone was the first and the largest zone to be established in the nation.
  • The Poti FIZ is well connected to the global economy, owing to its strategic location near the Poti Port and the airports of Kutaisi and Batumi. Besides, it is found on the Black Sea shore, in the path of the Silk Road, which is the shortest route from the European Union to the East. Businesses can thus take advantage of this.
  • Besides, the Poti FIZ has a well-developed infrastructure, with telecommunication facilities, transportation systems, and more on site. Furthermore, there is an inexpensive skilled labour force available in the country.
  • Businesses from the following industry can be set up in this region:
    • Manufacturing
    • Trading
    • Logistics
    • Services
    • Data and technology

Kutaisi Free Industrial Zone (Kutaisi FIZ)

  • Established in 2009 and spread across 270,000 square meters, the Kutaisi Free Industrial Zone is established by Georgian International Holding.
  • Found in the second most important city in the nation, Kutaisi, this Industrial Zone is relatively close to the Kutaisi International Airport, Poti Port, and Tbilisi FIZ.
  • This Zone has a well-developed infrastructure including established transportation facilities, basic amenities, and more. Businesses can also take advantage of the inexpensive labour force available in this region.
  • Businesses from the following industries can be set up in this Zone:
    • Manufacturing
    • Trading
    • Logistics
    • Services
    • Technology

Hualing Kutaisi Free Industrial Zone (Hualing FIZ)

  • It is the second Industrial Zone to be established in the second most important city in nation, Kutaisi.
  • It connects the two FIZs of Poti and Tbilisi.
  • This Zone has a well-developed infrastructure including established transportation facilities, basic amenities, and more. Businesses can also take advantage of the inexpensive labour force available in this region.
  • Businesses from the following industries can be set up in this Industrial Zone:
    • Construction
    • Trading
    • Logistics
    • Services

Tbilisi Free Industrial Zone (Tbilisi FIZ)

  • Located in the capital city – Tbilisi, this Industrial Zone has a well-developed infrastructure with established office spaces, land, transportation systems, and more. Moreover, this region also has a large and skilled labour force that businesses can take advantage of.
  • With its proximity to the center of the city and the Tbilisi International airport, this Industrial Zone is well connected to the rest of the country and the world.
  • Businesses from the following industry can be established in this region:
    • Technology
    • Trading
    • Services
    • Production
    • Logistics

Kulevi Free Industrial Zone (Kulevi FIZ)

  • Founded in 2017 and spread across approximately 600,000 square meters of territory, the Kulevi Free Industrial Zone was set up by the local government.
  • Located in the Khobski region, this Kulevi FIZ is the youngest free zone to have been established in the nation.
  • The managing power of this Zone was given to SOCAR Georgia Investments board, a supplier of oil, natural gas, and other products.
  • The respective authority of this region has not only undertaken the establishment of a refinery, gas reservoir, and power station, but also developing the infrastructure in this region including the establishment of buildings, providing companies with basic amenities, and more.
  • Enterprises requiring the use of oil refineries should consider setting up their business here the most.
  • Companies from the following industries can be established in this region:
    • Manufacturing
    • Trading
    • Services

Why should you set up a Free Trade Zones Company in Georgia?

  • Both locals and foreigners can have complete ownership of the business and therefore, can incorporate their business in the nation.
  • A free trade zone company is not subjected to any corporate income tax, Value Added Tax (VAT), Property Tax, Import and Export Duties, Personal Income Tax, and more.
  • Georgia is strategically positioned in Europe for the following reasons:
    • The country is connected to the East through its Poti Port which is on the path of the Silk Road.
    • The ‘Belt and Road Initiative’ undertaken by China involves the establishment of a link between China and Europe, which passes through Georgia.
    • The availability of various transportation facilities including the ports, airports, highways, and more connects the country to the rest of Europe and the world.
  • There are no foreign exchange controls or import and export quotas levied on the companies.
  • There is a well-developed local infrastructure including transportation facilities, land, basic amenities, and more. Moreover, there is an inexpensive labour force available which can be advantageous for the business.
  • The state has established an extensive network of tax treaties, allowing companies to avoid being taxed twice.
  • The registration process is simple and hassle-free and can be conducted remotely, such that you will not be required to travel.
  • The government also offers business owners and foreign investors investment resident visas to make entering the nation easy.

How to set up a company in Georgia Free Trade Zones?

  • The registration process depends upon your chosen Free Industrial Zone and your business entity.

Georgia-Free-Trade-Zones-set-up

Step 1: Planning and Strategising

  • Before you can begin the registration process, you need to decide on a suitable Free Industrial Zone for you along with a suitable legal entity you wish to incorporate.
  • The following are some of the legal entities that you can choose from:
    • Sole Proprietorship (SP)
    • General Partnership (GP)
    • Limited Partnership (LP)
    • Limited Liability Company (LLC)
    • Joint Stock Company (JSC)
  • Our team of experts at Tetra Consultants will need to understand your business activities, requirements, and long-term objectives before recommending a suitable FIZ and legal entity for your business.

Step 2: Meet pre-registration requirements

  • Once you have chosen the Free Industrial Zone you wish to register your business in, you need to ensure that you meet certain requirements.
  • For foreign companies looking to incorporate their business in the FIZ, the following documents must be prepared:
    • Notarised copy of Articles of Association of the business
    • Notarised Power of Attorney issued by the business
    • Documents containing the personal information of the board of directors and shareholders
    • Proof of registered legal local address
  • For a foreign individual looking to incorporate his or her business in the FIZ, the following documents must be prepared:
    • Personal identification document of the individual and their partner (if applicable)
    • Proof of registered legal local address
  • You may be required to meet additional requirements, depending on your chosen Industrial Zone and business entity.
  • Before incorporating, Tetra Consultants will assist you to search the availability of your preferred business name and reserve it with the local Secretary of State.

Step 3: Incorporation process

  • Tetra Consultants will first submit an application plan to the relevant authorities (depending on your chosen Industrial Zone) on your behalf.
  • Once the application is approved, we will proceed to make the relevant fee payment.
  • Following this, we will submit the required notarised document along with the application approval and letter of consent, to the relevant authorities.
  • The process to apply for a business license will happen alongside this registration process.

Step 4: Opening a corporate bank account

  • Tetra Consultants will assist you in opening a corporate bank account by leveraging our extensive banking network.

Step 5: Staying compliant

  • Even after the registration process is complete and the new business is operational, Tetra Consultants will ensure that the new business remains compliant with the government regulations.

How to proceed to register company in Georgia Free Trade Zones?

  • The setting up process of your company in the Free Industrial Zone is smooth and hassle-free with Tetra Consultants on your side. We provide our clients with a comprehensive service package including the following content:
    • Planning and Strategising (to select a suitable industrial zone and business entity)
    • Incorporation process (registering your business with the relevant authority and obtaining the required business licenses)
    • Opening a corporate bank account
    • Ensuring compliance with local laws
  • Contact us to learn more about how to register your business in Georgia Free Industrial Zones. Our dedicated and experienced team will revert within the next 24 hours and answer all your search queries.

FAQ

Are there free trade zones found in Georgia?

  • Presently, there are five Free Industrial Zones operational throughout the country.
  • The primary motive of setting up these zones is to attract foreign direct investment and stimulate the economy.

Where are the free trade zones located?

  • The five Foreign Industrial Zones are located all around Georgia as follows:
    • Poti Free Industrial Zone – Near the Poti Port, on the Black Sea shore
    • Kutaisi Free Industrial Zone – in the city of Kutaisi
    • Hualing Free Industrial Zone – in the city of Kutaisi
    • Tbilisi Free Industrial Zone – in the capital city, Tbilisi
    • Kulevi Free Industrial Zone – in the Khobski region
  • Contact us to find out more information about FIZs in Georgia and our team of experts will revert within the next 24 hours.

Can foreigners own a company in Georgia?

  • Yes, foreigners can incorporate their business there and have complete ownership of their business.

Why should I set up my company in Georgia?

  • You should consider setting up your company in the jurisdiction for the following reasons:
    • Businesses are exempt from paying all taxes including the Corporate Income Tax, Personal Income Tax, and more.
    • You will not need to pay any duties on the import and export of products.
    • There are no foreign exchange controls that your company must follow.
    • Georgia is strategically located, allowing businesses to remain connected with not only Europe but also the world.
    • There is an availability of good quality infrastructure along with a large, skilled, and cheap labour force.

Who is in charge of the Free Industrial Zone in Georgia?

  • Different Free industrial zones are governed by different authorities. The following is the list of FIZs available in Georgia and their managing authority:
    • Poti Free Industrial Zone which is governed under the Ras Al Khaimah Investment Authority (RAKIA)
    • Kutaisi Free Industrial Zone which is governed under the Georgian International Holding
    • Hualing Free Industrial Zone, which is governed under the Hualing Group
    • Tbilisi Free Industrial Zone, which is governed under the BitFury Group
    • Kulevi Free Industrial Zone, which is governed under SOCAR Georgia Investments board

Will I need to appoint a local resident director when incorporating my business in a free industrial zone?

  • No, you do not need to appoint a resident director when incorporating.
  • However, it would be beneficial to appoint an individual to complete the registration process on your behalf. Tetra Consultants will serve as a link between the local FIZ Authority and your business.

What are the activities that my business can perform in the Free Industrial Zones of Georgia?

  • Your business can perform activities in the following industries:
    • Manufacturing
    • Logistics
    • Trading
    • Services
    • Technology
    • Others

Is there a way for a business to set up a Free Industrial Zone in Georgia?

  • Yes, businesses can set up their own FIZ. In order to do so, the procedures shown below should be followed:
  • Step 1: Prepare the following documents:
    • Personal information of the applicant
    • Location and description of the FIZ to be set up
    • Proof of consent of the owner of the land where the FIZ is to be set up
    • Plan of action for the FIZ
    • Terms of establishment
  • Step 2: Apply to the Ministry of Economic Development with the above-mentioned documents.
  • Step 3: Ministry of Economic Development will draft an Agreement on the Counter Obligations that needs to be undertaken by the Georgian state and the applicant and submit the same to the relevant authorities.
  • Conversely, FIZs can be set up by the government who then nominates the Managing Authority of the FIZ through a Tender.

What does the Georgia Foreign Trade Zone (FTZ) do?

  • A Georgia Foreign Trade Zone (FTZ) refers to zones set up in Georgia as part of a program allowing foreign trade with the US Companies operating in the foreign trade zones will be able to access special incentives and advantages that will speed up the transportation of goods between the two countries.
  • To participate in the program, companies will need to submit an application to the Georgia Foreign Trade Zones Board, which will then be referred to and reviewed by the US Foreign Trade Zones Board for approval, after which the US Customs and Border Protection agency will officially enable the company to begin business activities in the FTZ.

Who benefits from free trade zones?

  • These zones are established by the government of the country to increase foreign investments, improve business operations, and lead to the social and economic development of the country. In order to meet their objectives, businesses are offered various exemptions and compensations. Therefore, free trade zones benefit multiple parties – the government of the jurisdiction where the zone is established, the businesses who set up firms in those zones, and the locals who may receive employment.






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