Hualing Free Zone
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HUALING FREE ZONE Excellent Hub for Manufacturing and Trade UNIQUE GEORGIA Tbilisi 1,159 K Russia Poti 50 K Mestia Kutaisi 150 K 3 UNESCO Oldest Wine 4th in World Heritage Producing Nation Safety Index Sites >8,000 years KUTAISI POTI Black Sea BATUMI TBILISI 12 Unique Georgia’s Cuisine Duty Free E6 Climate Zones - 4th in Europe Access To 0 2.3 Bln Customers Baku Kars Azerbaijan Turkey Armenia Single Carriageway Dual Carriageway 4th Fastest Growing TOP Country By Ushguli – Highest One Way Dual Carriageway Tourist Destination Continuously Inhabited Ethic And Cultural In The World Settlement in Europe Diversity 01HFIZ GEORGIA IN INDEXES 6th Ease of doing 2nd Starting a business 2019 Business BB2 Credit Rating 2nd Protecting 4th Registering Minority Interest Property 8th Trade 16th Economic BA2Ease of doingStable Freedom freedom business 2019 Index Index 1th Global Corruption Perception Index 2019 , Eastern Europe & BB Stable Central Asia 02HFIZ HUALING GROUP Investing in Georgia Launched Total Investment Volume IN GEORGIA Since 2007 8 Large Projects 600 Million USD HUALINGFREEZONE, HUALING · TBILISI SEA PLAZA COMMERCIAL BANK KUTAISI COMMERCIAL AREA – BASISBANK TBILISI SEA NEW CITY HOTELS & PREFERENCE MYWAY AIRLINES – DEVELOPMENT PROJECT HUALING TBILISI 03HFIZ 94 km To Poti Port 4 km to the Main Road 19 km to Kutaisi HUALING FIZ International Airport OPERATIONAL SINCE entrance OCTOBER 2015 entrance Status: Multi-profile Trade & Industrial Trough its close proximity to railway and Free zone area: 36ha highway, International Airport of Kutaisi Total Non-FZ Area: 35ha “ and the ports, Hualing FIZ ser ves“ as Location: Kutaisi an excellent industrial, logistic and trading 2 nd largest population in Georgia hub between Asia and Europe Main Industrial City of Georgia 04HFIZ HUALING FIZ - OFFERINGS BUILDINGS FOR STORAGE AND PROCESSING ACTIVITIES: ASSEMBLY, PACKAGING, WORKSHOP FACILITIES. Various sizes and shapes Installed from 200 sqm Cranes up to 15 000 sqm. Flexible Integrated rental office durations spaces Available Utility Buildings 2 floor connections Buildings 05HFIZ HUALING FIZ - OFFERINGS LAND PLOTS OFFICES SMART OFFICES Hualing FIZ provides land Hualing FIZ provides well- Hualing FIZ provides plots ideal for companies equipped integrated Smart Office/Legal wishing to construct their offices address solution for own facility / desks in the comfortable companies not in need environment inside of any physical No land filling or the Free Zone premises/facilities any value added land in Hualing FZ preparing activities required for starting construction 06HFIZ OPERATING IN HUALING FREE ZONE LICENSE TYPES GENERAL CONSULTING LOGISTICS TRADING INDUSTRIAL SPECIAL SERVICES & PROCESSING TRADING REGISTRATION PROCESS - FINALIZED IN 2-3 DAYS STEP 1 APPLICATION STEP 2 LOCAL & STATE STEP 3 SIGNATURE FORM REGISTRATION OF AGREEMENT 07HFIZ KEY ADVANTAGES TAX FREE ENVIRONMENT TYPES OF TAXES GEORGIA MAINLAND COMPANY FREE ZONE REGISTERED COMPANY VAT 18% 0% CORPORATE PROFIT TAX* 15% 0% TAX ON GOVERNMENT WITHDRAWAL* 5% 0% PROPERTY UP TO 1% 0% IMPORT 12% / 15% / 0% 0% SALE TO GEORGIA 0% 4% PERSONAL INCOME TAX 20% 20% (PAYABLE BY EMPLOYEES) *For trading and manufacturing companies 08HFIZ FREE ZONE VS GEORGIA TAXATION TAX – 4% CORPORATE PROFIT TAX – 0% DIVIDEND TAX – 0% SALES TO GEORGIA HUALING FIZ PROPERTY TAX – 0% VAT – 0 % IMPORT TAX – 0 % PERSONAL INCOME - 0 % (NO OBLIGATION FOR THE EMPLOYER) IMPORT VAT - 0 % EXPORT TAX - 0% IMPORT HUALING FIZ EXPORT TAX – 0% GEORGIA TAXATION CORPORATE PROFIT TAX – 15%,0% DIVIDEND TAX – 5%/0% SALES TO GEORGIA PROPERTY TAX – 1% IMPORT TAX – 0 %, 5%,12% VAT – 18 % IMPORT VAT - 18 % PERSONAL INCOME - – 20% +2% EXPORT TAX - 0% IMPORT GEORGIA EXPORT 09HFIZ TRADE BENEFITS FREE TRADE AGREEMENTS WITH 2.3 BLN CONSUMER MARKET 01 DCFTA WITH THE EUROPEAN UNION 02 FTA W I T H CISCOUNTRIES FTA WITH THE PEOPLE’S REPUBLIC O F C H I N A 03 (INCLUDING HONG KONG) 04 FTA WITH UKRAINE & TURKEY 05 FTA W I T H EFTACOUNTRIES 10HFIZ KEY ADVANTAGES COST-EFFECTIVE OPERATIONS BUSINESS START-UP EASIER & CHEAPER SERVICES SIMPLE AND FAST OPERATIONS Company registration Lowest utility tariffs General consulting services in 1 day Quick customs clearance Cargo handling related services at lowest tariffs 100% foreign ownership operations allowed Certificate of origin Building permits provided obtaining support services No initial capital or by fiz, free of charge, minimum investment within 30 days Assistance in acquisition required of environmental permits International trading permitted without Customs brokerage services Quick bank account physical import of goods set-up Accommodation at the entrance of HUALING FIZ No price control on Smart office for getting a import/export Labor recruitment support legal address (for services companies not needing any No additional/hidden facility in HUALING FIZ) costs Visa & residency support services 11HFIZ INDUSTRIAL COMPONENT “ Offering support mechanisms tailored to the specific stages of development and financial needs of a business . “ IN TERMS OF THE COMMERIAL BANKS PROGRAM CONDITIONS The 11.5% co-financing of bank The end product should be on the program loan interest rate for the first priority list approved by the Georgian 36 months Government Minimum loan volume – GEL New enterprise should be put into operation 50 000 within 36 months from the loan issuance date Maximum loan volume – GEL Existing enterprise should start production 10 000 000 within 24 months from the loan issuance date 12HFIZ INDUSTRIAL COMPONENT “ Offering support mechanisms tailored to the specific stages of development and financial needs of a business . “ LEASING PROGRAM CONDITIONS The end product should be on the program The 13.5% co-financing of the priority sectors list approved by the Georgian annual interest rate for the first Government 36 months New enterprise should be put into operation The initial value of the project within 36 months from obtaining the lease should be at least GEL 50 000 while the maximum should not Existing enterprise should be put into exceed GEL 10 000 000 operation within 24 months from obtaining the lease 13HFIZ CREDIT GUARANTEE MECHANISM “The program aims to improve access to finance for small and medium size businesses, facilitate lending and ensure inclusive economic growth .” IN TERMS OF THE COMMERIAL BANKS PROGRAM BUDGET Credit Guarantee Scheme will be based on Portfolio Guarantees and the loan will be evaluated by the Commercial Bank/Microfinance A security provided by the Agency for up to 90% of the principal amount for each loan disbursed by commercial bank within the framework of the program. Guarantee shall be issued for each bank 300 participating in the program for up to 35% of the disbursed loan portfolio within this program, at any moment MLN In the case of a commercial bank minimum loan volume – GEL 50 000, while maximum loan volume – GEL 5 000 000 GEL In the case of a microfinance organization minimum loan volume – GEL 20 000, while maximum loan volume – GEL5 000 000 The maximum loan warranty period is 10 years 14HFIZ HUALING FIZ ACHIEVEMENTS Hualing FIZ is becoming the special place for investors from different countries and industries. “The best place to start production and strategic location” - AE SOLAR INVESTMENT IN HUALING FREE INDUSTRIAL ZONE 150 USD More than 60 MLN 1000 Businesses Investment Jobs 15HFIZ Building Wood Furniture Stone INDUSTRIES IN Materials HUALING FREE ZONE Pharmaceuticals Solar Panel modules End-User Textile/ manufacturing Product trading garments plant 16HFIZ PROJECTS UNDER DEVELOPMENT Plastic Ferro alloys Household Doors processing plant & furniture 17HFIZ FUTURE IN GLANCE EXISTING FREE ZONE AREA: 36 ha 1st Stage Expansion Area +23 ha 2nd Stage Expansion Area +100 ha 18HFIZ HUALING FREE ZONE Excellent Hub for Manufacturing and Trade [email protected] www.hualingfiz.ge +995 595 117 151.