BAKU, Azerbaijan, Jan.5
By Tamilla Mammadova – Trend:
Hualing FIZ is part of the Hualing Group - one of the largest investment holdings in Georgia, Soso Nibladze, Hualing Free Industrial Zone Executive Director, told Trend.
"Since 2007, the Group has carried out a number of the most significant projects in Georgia in commercial and residential real estate, banking and industrial fields. Total investment portfolio already amounts to $600 million," he said.
Hualing FIZ covers the 36-hectare territory. Companies enjoy the tax-free environment – there is a permanent exemption from corporate profit, property, dividend, import/export taxes, and VAT.
Customs zone available at the entrance of the Free Zone provides very timely and effective services during imports and exports of goods.
According to him, one of the key benefits is its location - situated virtually in the heart of Georgia, 220 km from Tbilisi, 95 km from the port city of Poti, and just 19 km away from strongly emerging Kutaisi International Airport, it grants Hualing FIZ strategic position to serve as an industrial, logistical and trade hub in the country that connects Europe with Asia.
"One of our key beneficial features is that we concentrate on providing infrastructural solutions for our incoming tenants - ready-made buildings of various sizes and shapes, with solutions like integrated offices, installed cranes, ramps, as well as land areas - all at very competitive rental rates. Our focus is to be flexible in meeting the demands of particular investors on various conditions, on time-frames, and offer flexible approaches on rental terms. We also express readiness to build turn-key facility solutions for our long-term partners if existing opportunities do not match their needs," he said.
"In a nutshell, our aim is to support start-ups, help industries and traders commence their businesses with very limited capital expenditures and within optimized time-frames. This way we enable a win-win formula in the long run for all the involved stakeholders, such as businesses, people, and our country," Nibladze said.
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