The Kutaisi Free Zone

Recently, in October, with the support of the Georgian Embassy in Ukraine, in particular Georgian Ambassador Gela Dumbadze and in partnership with Produce in Georgia (Ministry of Economy of Georgia), a presentation of the renewed Kutaisi Free Zone Holding (GIH) was held in Kiev.

Mikheil Didebulidze, the deputy CEO of GIH, presented the new administrative structure of the holding and spoke about new opportunities, advantages, conditions and packages of services that the Kutaisi Free Zone can provide companies. He explained that the holding is focused on attracting international tenant companies that operate in different areas of business to carry out their export-oriented business activities in the tax-free zone. Tornike Sulaberidze, the Deputy CEO of Produce in Georgia then talked about the economic situation and the favorable investment climate in Georgia, his speech emphasizing why it is profitable to invest in Georgia.

In addition, both speakers discussed the unique opportunity for investors to use not only Kutaisi Free Zone’s benefits (such as competitive infrastructure and rental conditions) but also the support of the state project Produce in Georgia (in particular, covering up to 10% of the bank loan for the first two years and providing a bank guarantee of up to 50 %).

The presentation was attended by ambassadors from different countries, representatives of the Ukrainian Chamber of Commerce and Industry, banking, investment and IT sectors, and law firms.

As a result, contact was established with the Ukrainian target group and a return visit for representatives of various companies to the Kutaisi Free Zone (GIH) was planned.