Hualing Free Industrial Zone Due to the attractive investment and business environment, strategic geographical position, easy accessibility to the regional and European markets and other various competitive advantages of the country of Georgia, Hualing Group made a decision to establish Hualing Free Industrial Zone in the second highest populated city of Kutaisi, Georgia on the territory, owned by the company. The project met big support of Georgian Government and in 2009, the Memorandum on the establishment of Free Industrial Zone in Kutaisi was signed between Hualing Group and the Ministry of Economy and Sustainable Development of Georgia. In accordance with the resolution of Georgian Government, in 2015 ‘Hualing Kutaisi Free Indusrial Zone” has obtained an official status of Free Industrial Zone and has commenced its fully functional operations. Hualing Kutaisi FIZ covers the territory of 36 hectares and it represents an important connecting hub between Tbilisi (capital of Georgia) and Black Sea Ports of Poti and Batumi. With its convenient transportation infrastructure, such as rail, road, ports and air transport, Hualing Kutaisi FIZ can serve as an industrial, logistics and trading hub within the Black & Caspian Sea region. Currently, there are five enterprises operating in Hualing free industrial zone: wood processing, furniture production, stone processing, metal constructions and mattresses production. Kutaisi FIZ is ready to welcome all potential investors’ projects. The Key Benefits Offered by Hualing FIZ: Strategic location for business – logistical advantages Excellent logistical hub for expansion to Caucasus, EU and Central Asian markets – in the heart of New Silk road Distributional and Manufacturing hub reaching 900 million Market size Close distance to Poti Sea Port Railway and roads connecting to Caucasus, CIS, EUROPE International forwarding services/shipping lines and multimodal transportation. Business Start-up – Simple & Fast Company Registration in 1 day 100% foreign ownership allowed No initial capital required No minimum investment required No foreign exchange controls No state auditing required Fast and easy bank account opening (within 1 hour after company registration) Business Operation -Tax Free Infinitely • 100% permanent exemption from Corporate Profit, Dividend, Property taxes and VAT • 100% permanent exemption from import/export of all cargo, including raw materials, equipment & machinery, prefabricated goods • 100% capital and profit repatriation • Double taxation with many countries • Free Trade regime with the CIS countries and Turkey • DCFTA (Deep and Comprehensive Free Trade Agreement) with EU – unique potential for manufacturing & processing industries for quota-free and tax-free imports to European countries • Free Trade regime with EFTA (Switzerland, Liechtenstein, Iceland, Norway) • Preferential Trade (GSP with USA, Canada, Japan) Business Operation – Easy and Cost Effective Main offerings: Products: ready-made buildings of various sizes, land plots, office spaces, desks, legal addresses. Services: cargo handling, customs brokerage, other administrative – obtaining Certificate of Origin Cheapest tariffs on buildings, licenses and services Lowest electricity cost in the region. Electricity is provided to the plot Simple and fast customs procedures. Import/Export from as low as 1 hour International Trading permitted Licenses issued by KFIZ – no additional industrial licenses needed No price control or mark-up No limitations or quotas on import/export Fast procedures for getting Certificate of Origin for all industries Human Capital and Labor Advantages Cheap Labor – No minimum wage regulations Liberal Labor Code – Flexibility of “Employee to Employer” relationships Qualified young labor aged 20-34 No external monitoring For more information please visit Hualing Kutaisi FIZ webpage: www.hualingfiz.ge or contact us at info@hualingfiz.ge T: +995 595 117151
