year 9 YEAR

Poti Free Industrial Zone, the first Industrial Free Zone in the Caucasus Region, is owned and managed by RAKIA Georgia Free Industrial Zone LLC, founded by the RAK Investment Authority (RAKIA) – a governmental agency of the Emirate of Ras Al Khaimah, U.A.E. Strategically and conveniently located at the Black Sea port city of Poti (one of the shortest and main links connecting Europe with Asia), Poti FIZ covers the territory of 300 hectares. Close proximity to the Poti port gives the companies the advantage of lowest cost for import and export and effective supply chain. There are number of cost-effective and operational benefits available for Poti FIZ registered companies right from the startup of their functioning in Poti FIZ: There are no sectorial and number limitations on products/raw materials import/export in Poti FIZ. After submission of very simple application form, all formalities for company registration are finalized within 1-1,5 days (in case of physical entity ownership, only passport copy is required). Companies can be registered without the physical presence of their founders. Herewith, notable is that no local company ownership is required, neither is a legal requirement for the minimum initial capital and companies are not obliged to lease physical facility (only smart office with no desk) in Poti FIZ Companies in Poti FIZ enjoy the tax-free environment – there is full exemption from taxes on corporate profit, property, dividend, import/export and VAT. Customs zone available at the entrance of Poti FIZ provides very timely and effective services during imports and exports of goods.

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