Tbilisi Free ZoneUnique business environment
Explore Georgia’s Potential
PROMO VIDEO
Apart from the benefits that Georgia gives to the investors, Tbilisi Free Zone (TFZ) enjoys a long list of incentives.
TAX ADVANTAGES:
- Income of a Free Industrial Zone Enterprise is exempt from the Corporate Income Tax
- Interest and Dividend paid by a Free Industrial Zone Enterprise is not taxed and is not included in the taxable income base of the receiver
- Trade between the Free Industrial Zone Enterprises are exempted from the VAT
- Free Industrial Zone Enterprises have no obligation to administer personal income tax of the employees
- Free Industrial Zone Enterprises are not liable to asses and pay Reverse Charge VAT (RCVAT)
- Export is exempted from VAT with the entitlement to tax credit
- Property, including land, located in a Free Industrial Zone is exempted from property tax
- Trade between a Free Industrial Zone Enterprise and a Georgian company is taxed at 4% of the invoice value
OPERATIONAL ADVANTAGES:
- Reliable Infrastructure
- Low rental prices
- Eligibility to national certificate of origin
- Easy company set-up
- Turn-key solutions
- Low tariffs on electricity
- Proximity to the largest labor pool of Georgia
- Low licensing costs and simplified regulatory procedures
- Low costs of utilities and communications
- Facility management service
As a result, companies make significant tax savings on:
- Corporate tax - 15% of the taxable profit base
- Property tax - 1% of the average book value of property
- Import tax - up to 18% of import value
- Value Added Tax (VAT) - 18%
- Dividend tax - 5%