Four Free Industrial Zones (FIZs) operate in Georgia in the following cities: Poti (sea port), Kutaisi (third largest city) and Tbilisi (capital city). Businesses registered in Free Industrial Zones benefit from certain tax exemptions:
If a company produces goods for export in FIZ, it is exempt from all taxes except Personal Income Tax (20%), which is paid from employees’ salaries.
If a company imports products from FIZ to other territory of Georgia, in addition to Personal Income Tax, it has to pay VAT and 4% of revenue from national sales.
All Free Industrial Zones (FIZs) are operated by private companies and investor should rent a space from FIZ operator: