BAKU, Azerbaijan, Dec. 25
By Tamilla Mammadova – Trend:
Georgia is recognized as one of the top reformer and performer country, Head of Finance & Analytics at Georgian Hualing Free Industrial Zone (FIZ) Vakhtang Chkareuli told Trend.
"Logistically, it is conveniently located between Europe & Asia, which means that our country has an excellent opportunity to serve as a connection point for some largest economies of the world," he said.
According to him, Deep and Comprehensive Free Trade Areas (DCFTA) with EU, FTA with China, Turkey, Ukraine and CIS countries create key additional perks for positioning Georgia.
"What matters as well, is that Georgia is 12th freest economy of the world with 3rd least tax burden, 7th easiest country to do business, 4th safest country of the world with one of the lowest bureaucracy levels," Chkareuli noted.
Available workforce, flexible labor code and low average salary are other things to underline that could help business to reduce their expenses, he said.
Hualing Free Industrial Zone (Hualing Kutaisi FIZ) is the manufacturing and trading zone in Kutaisi, Georgia offering companies 100 percent tax-free operations.
Free Zone covers the territory of 36 hectares and it is located in Kutaisi – the second-largest populated city of Georgia, on the territory, owned by the company. Considering its low proximity to Kutaisi International Airport (19 km), Port of Poti (95 km), and the highway connecting to capital Tbilisi (210 km), Hualing Kutaisi Free Industrial Zone represents an important trading and industrial hub within the country and the region.
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