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Registering a company in Poti (Georgia) in 2020
The main advantages of this jurisdiction are:
- One of the free industrial zones in Georgia;
- A favorable territorial location;
- No residency requirements;
- No minimum capital requirements;
- The ability to minimize taxation.
A business registration costs from €1800
A duration of company registration is from 7 daysDetailed information
Poti FIZ was launched by UAE and the government of Georgia. Those, who decide to open a company in Georgian Free Zone can take an advantage from tax relief, convenient location and other favorable conditions for doing business.
If you are interested in setting up a company in the Poti FIZ, then you can receive personal advice on business organization process in Georgia and ask for legal support services on obtaining a trade license in the Poti FIZ or opening an account for Georgian company.
Low tax rates or even zero tax rates is one of the main reasons why entrepreneurs decide to set up a company in the Poti FIZ.
Those, who are planning to register a company in Georgia and open Georgian company bank account, should pay attention to the following business advantages of the Poti FIZ:
- Closeness to the port of Poti;
- Skilled workforce;
- Strategic logistics corridor;
- Easy and fast way to obtain a business license or permit;
- Simple company registration process;
- No share capital;
- Full repatriation of profit.
If you have additional questions concerning the fact why it is profitable to open a company in Georgia, please request for individual advice on conducting business activity in the Poti FIZ.
Entrepreneurs who seek to register a Poti FIZ company need to obtain a license in Georgia in accordance with the type of business activities:
- Сonclusion of contracts;
- Consulting services;
Also, if you want to conduct business in free industrial zone, you can apply for obtaining a banking licence in Georgia, warehouse license or trade license.
Opening a company in the Poti Free Industrial Zone will allow you to rent offices, warehouses, industrial facilities and land at a reasonable prices.
Those, who are interested in registering a Poti FIZ company remotely, will be exempt from the following taxes:
- Income tax;
- Value added tax.
Also, entrepreneurs who are intended to set up a business in Georgian FIZ and open a Georgian bank account, should know that:
- There is no export and import tax;
- There is no tax on property;
- There is no tax on dividends;
- There is a sales tax (4%)
To learn more, please ask for personal advice on company registration procedure in the Poti FIZ. Also, IQD Consulting specialists can provide you with assistance in corporate account opening and obtaining a business licence in Georgia.
The information outlined in the article is actual at the time of its publication. Please refer to our specialists for checking possible solutions for your business.