{"id":253,"date":"2023-04-13T11:34:57","date_gmt":"2023-04-13T11:34:57","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=253"},"modified":"2023-04-13T11:34:59","modified_gmt":"2023-04-13T11:34:59","slug":"open-a-company-in-kutaisi-free-zone-in-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/","title":{"rendered":"Open a Company in Kutaisi Free Zone in Georgia"},"content":{"rendered":"\n<p>Investors who want to\u00a0<strong>open a company in the Kutaisi free zone in Georgia<\/strong>\u00a0can benefit of incentives and various tax advantages. This is just one of the<strong>\u00a0free industrial zones\u00a0<\/strong>in the country and our\u00a0<a href=\"https:\/\/www.companyformationgeorgia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company registration agents in Georgia<\/strong><\/a>\u00a0can help you open a company and benefit from all the advantages.\u00a0<\/p>\n\n\n\n<p>Our agents are at your service if you want to operate in a&nbsp;<strong>free zone in Georgia<\/strong>&nbsp;through a local company.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/#open-a-company-in-kutaisi\" title=\"Open a company in Kutaisi\">Open a company in Kutaisi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/#types-of-companies-investors-can-open-in-a-free-zone-in-georgia\" title=\"Types of companies investors can open in a free zone in Georgia\">Types of companies investors can open in a free zone in Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/#licenses-available-for-a-free-zone-company-in-kutaisi\" title=\"Licenses available for a free zone company in Kutaisi\">Licenses available for a free zone company in Kutaisi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/#how-to-register-a-free-zone-company-in-georgia\" title=\"How to register a free zone company in Georgia\">How to register a free zone company in Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/#kutaisis-main-zones\" title=\"Kutaisi\u2019s main zones\">Kutaisi\u2019s main zones<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/#facts-about-the-kutaisi-free-zone\" title=\"Facts about the Kutaisi free zone\">Facts about the Kutaisi free zone<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/companyformationgeorgia.com\/open-a-company-in-kutaisi-free-zone-in-georgia\/#the-free-industrial-zones-in-georgia\" title=\"The free industrial zones in Georgia\">The free industrial zones in Georgia<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"open-a-company-in-kutaisi\"><\/span><strong>Open a company in Kutaisi<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Kutaisi<\/strong>&nbsp;is the second largest city in Georgia and also its legislative capital. The&nbsp;<strong>Kutaisi free industrial zone (FIZ)&nbsp;<\/strong>is located within the city and investors who choose to base their companies there benefit from a special taxation regime.<\/p>\n\n\n\n<p>The area covers approximately 27 hectares and it is still under development. The&nbsp;<strong>Kutaisi FIZ<\/strong>&nbsp;is intended to be a multi-profile industrial center and various manufacturing business will base their operations there.<\/p>\n\n\n\n<p>Our&nbsp;<strong>company incorporation experts in Georgia<\/strong>&nbsp;can assist you throughout the company formation procedure and will help you&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-limited-liability-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Kutaisi<\/strong><\/a>.<\/p>\n\n\n\n<p>The advantages for investors who open companies in the free industrial zone of the city include:<\/p>\n\n\n\n<p>&#8211; tax exemption for profit gained by an international company that carry out activities in this zone;&nbsp;<\/p>\n\n\n\n<p>&#8211; property tax exemption for companies incorporated in the Kutaisi FIZ;<\/p>\n\n\n\n<p>&#8211; <a href=\"https:\/\/www.companyformationgeorgia.com\/vat-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>no<\/strong>&nbsp;<strong>VAT on goods<\/strong><\/a>&nbsp;imported into the FIZ or on transactions carried out between entities incorporated in the FIZ;<\/p>\n\n\n\n<p>&#8211; customs duty exempt-exports for goods produced within the zone;<\/p>\n\n\n\n<p>&#8211; no foreign exchange controls, trade barriers or restrictions on capital.<\/p>\n\n\n\n<p>More than 20,000 employees work in the&nbsp;<strong>Kutaisi FIZ&nbsp;<\/strong>and investments and employments in the area are expected to grow in the near future. We can provide assistance in setting up a&nbsp;<strong>free zone company in Georgia<\/strong>&nbsp;in the shortest time possible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"types-of-companies-investors-can-open-in-a-free-zone-in-georgia\"><\/span><strong>Types of companies investors can open in a free zone in Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign investors who want to launch their own&nbsp;<strong>businesses in Kutaisi<\/strong>, can choose between the following types of entities:<\/p>\n\n\n\n<ol>\n<li>the individual enterprise which is a simple entity that can be set up and run by a single investor;<\/li>\n\n\n\n<li>the limited and general partnership which can be good solutions for at least two persons who want to associate and run a business in Georgia;<\/li>\n\n\n\n<li>the limited liability company which is the most popular type of onshore and&nbsp;<strong>free zone company in Georgia<\/strong>;<\/li>\n\n\n\n<li>the joint stock company, however, this is not often employed in Georgian free zones;<\/li>\n\n\n\n<li>branch offices are also available for foreign companies seeking to expand their operations.<\/li>\n<\/ol>\n\n\n\n<p>If you are interested in operating in a&nbsp;<strong>free zone in Georgia<\/strong>&nbsp;and decide for&nbsp;<strong>Kutaisi<\/strong>, you can rely on our&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/about-us\"><strong>local consultants<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"licenses-available-for-a-free-zone-company-in-kutaisi\"><\/span><strong>Licenses available for a free zone company in Kutaisi<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Companies operating in&nbsp;<strong>free zones in Georgia<\/strong>&nbsp;are subject to various licensing requirements, depending on the activities they can complete. Considering that such special economic areas are created for the development of specific activities, here are the main licenses that can be obtained for running a&nbsp;<strong>Kutaisi free zone company:<\/strong><\/p>\n\n\n\n<ul>\n<li>&#8211; the manufacturing license that can be used for producing various goods;<\/li>\n\n\n\n<li>&#8211; the trading license that can be obtained for buying, selling, importing, distributing or storing various goods;<\/li>\n\n\n\n<li>&#8211; the IT or service license that is associated with information technology services;<\/li>\n\n\n\n<li>&#8211; the consulting license which can be obtained by those offering such services.<\/li>\n<\/ul>\n\n\n\n<p>It should ne noted that starting with 2018, the Kutaisi Free Zone Authority no longer issues licenses for financial activities.<\/p>\n\n\n\n<p>If you want to&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/establish-a-branch-in-georgia\"><strong>open a company in Georgia<\/strong><\/a>&nbsp;or any of its free zones, you can rely on our specialists who are at your service with the latest developments in matters of licenses, requirements, and legislation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-to-register-a-free-zone-company-in-georgia\"><\/span><strong>How to register a free zone company in Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The creation of a company in a&nbsp;<strong>free zone in Georgia<\/strong>&nbsp;is not difficult and does not imply a special procedure. Once the type of entity is selected it must be incorporated with the Trade Register followed by the licensing phase with the free zone authority.<\/p>\n\n\n\n<p>One of the main advantages of&nbsp;<strong>opening<\/strong>&nbsp;<strong>companies in free zones in Georgia<\/strong>&nbsp;is that these do not need any minimum share capital requirements to comply with. However, they need to set up local bank accounts where the minimum amount established by the shareholders is deposited.<\/p>\n\n\n\n<p>The following documents need to be filed in order to&nbsp;<strong>set up a free zone company in Kutaisi<\/strong>:<\/p>\n\n\n\n<ul>\n<li>&#8211; the passport of the shareholder(s) alongside a copy of the ID;<\/li>\n\n\n\n<li>&#8211; the written decision for the opening of the company;<\/li>\n\n\n\n<li>&#8211; details about the director of the company (passport or ID copy);<\/li>\n\n\n\n<li>&#8211; the appointed director\u2019s written consent for accepting the position;<\/li>\n\n\n\n<li>&#8211; proof of the legal address of the free zone company;<\/li>\n\n\n\n<li>&#8211; the company\u2019s Articles of Association (in the case of limited liability companies).<\/li>\n<\/ul>\n\n\n\n<p>Our&nbsp;<strong>company formation representatives in Georgia<\/strong>&nbsp;can assist with the drafting and filing of the documents requested by the&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-register-in-georgia\"><strong>Trade Register<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"kutaisis-main-zones\"><\/span><strong>Kutaisi\u2019s main zones<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Kutaisi Free Zone<\/strong>&nbsp;is divided into two industrial zones, representing one of the most developed&nbsp;<strong>free zones in Georgia<\/strong>. These are:<\/p>\n\n\n\n<ul>\n<li>&#8211; the Kutaisi free industrial zone which was the first one and was created in 2009;<\/li>\n\n\n\n<li>&#8211; the Hualing free industrial zone which was created by Chinese investors in 2015.<\/li>\n<\/ul>\n\n\n\n<p>Hualing free zone is specialized in processing various raw materials, among which metal, wood, and stone. Companies here also engage in construction and furniture production.<\/p>\n\n\n\n<p>If you want to&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/set-up-poti-free-zone-company-in-georgia\"><strong>open a free zone company in Georgia<\/strong><\/a>, our agents can assist you with its incorporation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"facts-about-the-kutaisi-free-zone\"><\/span><strong>Facts about the Kutaisi free zone<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As one of the most important&nbsp;<strong>free zones in Georgia<\/strong>,&nbsp;<strong>Kutaisi<\/strong>&nbsp;offers many advantages to foreign investors. Among these, we mention the following:<\/p>\n\n\n\n<ul>\n<li>&#8211; it is located in the 2<sup>nd<\/sup>&nbsp;largest city in Georgia;<\/li>\n\n\n\n<li>&#8211; the recently enabled Hualing free industrial zone spans over an area of 36 hectares;<\/li>\n\n\n\n<li>&#8211; from a taxation point of view, there is no corporate tax, while employment is taxed at the standard rate of 20%.<\/li>\n<\/ul>\n\n\n\n<p>It should be noted that even if companies here do not pay corporate taxes or the VAT, these still need to register with the&nbsp;<a href=\"https:\/\/www.rs.ge\/home-en\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Revenue Service in Georgia<\/strong><\/a>.<\/p>\n\n\n\n<p>If you are interested in operating in a&nbsp;<strong>free zone in Georgia<\/strong>, we are at your disposal with a wide range of services, including bank account opening and even EORI registration for activities in the European Union.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-free-industrial-zones-in-georgia\"><\/span><strong>The free industrial zones in Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Georgia has three free industrial zones, two which are already operational and one which is still in a project phase.<\/p>\n\n\n\n<p>Our&nbsp;<strong>company registration experts in Georgia<\/strong>&nbsp;can tell you more about investing in another FIZ, the&nbsp;<strong>Poti free industrial zone<\/strong>. Investors can also benefit from a series of advantages for investing in this Georgian city and special investment area. Companies benefit from the advantages of a FIZ if they operate within it and if they are incorporated there. All&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/companies-types-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>types of companies<\/strong><\/a>&nbsp;are allowed to exist within a FIZ and the company formation procedure is identical to that for any other Georgian company.<\/p>\n\n\n\n<p>If you would like to know more about foreign investments in the country, you can&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>contact our company registration agents in Georgia<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors who want to\u00a0open a company in the Kutaisi free zone in Georgia\u00a0can benefit of incentives and various tax advantages. This is just one of the\u00a0free industrial zones\u00a0in the country and our\u00a0company registration agents in Georgia\u00a0can help you open a company and benefit from all the advantages.\u00a0 Our agents are at your service if you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":127,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[79,78,81,80,82],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open a Company in Kutaisi Free Zone in Georgia - Tailored Business Registration<\/title>\n<meta name=\"description\" content=\"The Kutaisi Free Zone is a special area in Georgia&#039;s second-largest city. 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