{"id":8674,"date":"2021-09-22T14:48:37","date_gmt":"2021-09-22T14:48:37","guid":{"rendered":"https:\/\/devskey.com\/?p=8674"},"modified":"2024-10-20T19:07:51","modified_gmt":"2024-10-20T19:07:51","slug":"best-country-to-incorporate-automotive-or-auto-parts-production-business","status":"publish","type":"post","link":"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/","title":{"rendered":"The Best Country to Incorporate Automotive or Auto Parts production Business"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents of this Post<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/#Summary_of_Manufacturing_Sector_of_Georgia\" >Summary of Manufacturing Sector of Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/#Overview_of_Auto-Parts_Production_Market_of_Georgia\" >Overview of Auto-Parts Production Market of Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/#Major_benefits_of_Starting_Auto-parts_Manufacturing_in_Georgia\" >Major benefits of Starting  Auto-parts Manufacturing in Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/#_Benefit_5_%E2%80%93_Government_Supports_Manufacturing_Industry\" >\u00a0Benefit 5 &#8211; Government Supports Manufacturing Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/#Electric_Cars_Production_in_Georgia_Kutaisi\" >Electric Cars Production in Georgia, Kutaisi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/#Looking_for_incorporating_a_business_in_Georgia\" >Looking for incorporating a business in Georgia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/devskey.com\/de\/best-country-to-incorporate-automotive-or-auto-parts-production-business\/#Video_Summary_of_this_blog\" >Video Summary of this blog<\/a><\/li><\/ul><\/nav><\/div>\n\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8674\" class=\"elementor elementor-8674\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cbdffdb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cbdffdb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6e6650\" data-id=\"b6e6650\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3241649 elementor-widget elementor-widget-text-editor\" data-id=\"3241649\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you are an auto-parts producing company looking to expand your business and are looking to incorporate your Business in the best possible jurisdiction, this blog may help you to make strategic expansion decisions. Follow this blog to find out some of the Benefits of doing manufacturing business in General and the specifics of the automotive business in Georgia.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d06992f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d06992f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-efbc36d\" data-id=\"efbc36d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c6ee4e elementor-widget elementor-widget-heading\" data-id=\"4c6ee4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Summary_of_Manufacturing_Sector_of_Georgia\"><\/span>Summary of Manufacturing Sector of Georgia<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-db734da elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"db734da\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b70fef2\" data-id=\"b70fef2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9680da elementor-widget elementor-widget-text-editor\" data-id=\"b9680da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Not only\u00a0 Automotive production, in general production in Georgia provides numerous benefits. The production sector is highly supported by the government. There are numerous manufacturing sectors and opportunities to start a business at the moment. There is a separate blog\u00a0 written by us,\u00a0 overviewing the <a href=\"https:\/\/devskey.com\/de\/where-to-start-manufacturing-business\/\">manufacturing business sector in Georgia,<\/a> you can refer to that for a more comprehensive understanding of the market, here is only the shortcut:<\/p><ul><li>Easy startup procedure<\/li><li>Law Tax Regime<\/li><li>Easy to import and export\u00a0<\/li><li>Law labor and utility costs<\/li><li>Strategic location<\/li><li>Free trade agreements with numerous countries which open global export potential.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a21a614 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a21a614\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e373d91\" data-id=\"e373d91\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-05a5a28 elementor-widget elementor-widget-text-editor\" data-id=\"05a5a28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Overview_of_Auto-Parts_Production_Market_of_Georgia\"><\/span>Overview of Auto-Parts Production Market of Georgia<span class=\"ez-toc-section-end\"><\/span><\/h2><h3>History of Georgian Automotive Market<\/h3><p>In General Georgian manufacturing sector struggled a lot after the collapse of the Soviet Union. As we all know, in the Soviet Union there were only the government-owner production units. In 1991, the collapse of the Soviet Union caused Georgia to prompt a market economy. Which you might have guessed was not an easy transition. Though Georgia was reached with production units, including automotive and auto-parts production, we could not manage to maintain all these production factories. The country went into big chaos, people were confused, there was no system at a place, people did not know their function, hence there was nobody to take care of those production units.<\/p><p>Though Georgi has a rich history of auto manufacturing, we had to start everything from scratch. This means the Georgian automotive production sector takes its baby steps. What does this mean? This means demand in the local market. However, we are not only talking about satisfying local demand here. The most important factor here is the possibility to export products with the least headache. Easiness of doing business, easiness of importing and exporting.<\/p><h3>Current Auto Production Market<\/h3><p>Just like I have mentioned, the market is still in its beginning stage. Not saturated. Not huge competition. Well, even if there is competition, we are striving here for the global market, global export, which invalidated our thoughts on the competition. Still, let&#8217;s take a look at current manufacturers.\u00a0<\/p><h4>List of Automotive Producers in Georgia:<\/h4><ul><li><a href=\"http:\/\/www.delta.gov.ge\/en\/\">DELTA international<\/a> is producing civilian hardware.\u00a0 It is a government-owned company.<\/li><li>Kutaisi Mechanical Plant Manufacturers produce spare parts for the main railway.<\/li><li>Then we have <a href=\"https:\/\/www.tam.ge\/en\">TAM &#8211; Tbilisi Aircraft Manufacturing<\/a> which is also busy with military aircraft, producing military products.<\/li><li>&#8220;<a href=\"http:\/\/www.glmf.ge\/?lang=eng\">Elvamavmshenebeli<\/a>&#8221; is another company producing locomotive parts. Georgian Locomotives Manufacturing.\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f30c54a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f30c54a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-38e9a94\" data-id=\"38e9a94\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-144e5fb elementor-widget elementor-widget-heading\" data-id=\"144e5fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Major_benefits_of_Starting_Auto-parts_Manufacturing_in_Georgia\"><\/span>Major benefits of Starting  Auto-parts Manufacturing in Georgia<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d079c74 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d079c74\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d96c0f\" data-id=\"9d96c0f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-317ad6f elementor-widget elementor-widget-text-editor\" data-id=\"317ad6f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Benefit 1 &#8211; Strategic Potential<\/h3><p>Kutaisi which historically has been centre of Automotive production and industrial development aims to regain the status? Well, check this breaking <a href=\"https:\/\/www.euronews.com\/next\/2019\/07\/04\/georgia-goes-green-city-launches-factory-plant-for-electric-cars\">euronews story.<\/a><\/p><p>It is believe that georgia is an emerging industrial, cultural and education centre.\u00a0 Kutaisi, located in Georgia, is the first country in the South Caucasus region to launch a factory plant for electric vehicles. Chinese investors are interested in the project execution. Project is highly supported by the government, the latter is big supported of manufacturing companies, that is the complete, separate advantage of incorporating auto-parts production unit in Georgia.<\/p><h3>Benefit 2- Exporting Potential<\/h3><p>Georgia does not produce cars at the moment. Yet, somehow it Managed to be the exported without even producing its own cars. you may wonder how.\u00a0 Georgia imports card from various different countries and re-exports them in neighbouring markets. It is possible due to simplicity of doing business, importing and exporting and favourable taxation system.<\/p><h3>Benefit 3 &#8211; Local Demand<\/h3><p>This is continuation of the previous point, which was about how Georgia became automotive exporter without producing their own cars. Due to the fact that Georgia somehow became local hub for importing, repairing and re-exporting card, also due to local demand on the cars there is increasing potential demand for auto-parts. Re-exporters have to import auto-parts from various countries too. Local production unit could easily and quickly satisfy this demand.<\/p><h3>Benefit 4 &#8211; Cost Reduction &#8211; Utility and Labour Cost<\/h3><p>Another benefit of incorporating a business in Georgia is cost reduction possibility for manufacturing units.\u00a0 Up to 80% of power is generated via hydro and wind power plants, leading to greener and cheaper energy. 1 kWh of high voltage electricity costs about 6.6 USD cents, which is one of the lowest among the competitor countries.\u00a0<\/p><div id=\"highcharts-59656d19-b161-4ca2-b01e-b46c6fd5d346\" role=\"region\" aria-label=\"Chart. Highcharts interactive chart.\" aria-hidden=\"false\" data-highcharts-chart=\"5\"><div id=\"highcharts-screen-reader-region-before-5\" role=\"region\" aria-label=\"Chart screen reader information, Chart.\" aria-hidden=\"false\"><div aria-hidden=\"false\">\u00a0<\/div><\/div><\/div><div class=\"c-article__container\"><footer class=\"c-article-footer\"><section class=\"c-article-footer__section c-article-footer__section--tags u-margin-top-4 u-margin-bottom-3 u-margin-bottom-medium-3 u-margin-top-large-5 u-padding-top-xlarge-5\"><div class=\"enw-widget\"><div class=\"row column\">\u00a0<\/div><\/div><\/section><\/footer><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-787accf elementor-widget elementor-widget-image\" data-id=\"787accf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"738\" src=\"https:\/\/devskey.com\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-22-at-17.29.43-1024x738.png\" class=\"attachment-large size-large wp-image-8699\" alt=\"Cheapest country to start manufacturing business\" srcset=\"https:\/\/devskey.com\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-22-at-17.29.43-1024x738.png 1024w, https:\/\/devskey.com\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-22-at-17.29.43-600x433.png 600w, https:\/\/devskey.com\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-22-at-17.29.43-300x216.png 300w, https:\/\/devskey.com\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-22-at-17.29.43-768x554.png 768w, https:\/\/devskey.com\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-22-at-17.29.43.png 1104w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7635588 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7635588\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-be1f200\" data-id=\"be1f200\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d73bb6 elementor-widget elementor-widget-text-editor\" data-id=\"7d73bb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"_Benefit_5_%E2%80%93_Government_Supports_Manufacturing_Industry\"><\/span>\u00a0Benefit 5 &#8211; Government Supports Manufacturing Industry<span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0Georgia offers a number of incentives and co-investment opportunities to companies interested in developing manufacturing facilities in Georgia.<\/p><p>In terms of government support, you can consider two major projects going on: <strong>FDI grand program and the Produce in Georgia project.\u00a0<\/strong><\/p><h3>FDI Grant Program<\/h3><div>\u00a0<\/div><p><a href=\"https:\/\/acci.gr\/wp-content\/uploads\/2022\/02\/FDIGrantprogram_F641084599.pdf\"><strong>FDI Grant program<\/strong><\/a> offers cashback for costs incurred for staff training and infrastructure upgrade. \u201cProduce in Georgia\u201d program is devised to support Industrial manufacturing through a variety of financial and technical support mechanisms, including co-financing of the interest rates on the commercial loans, Collateral Guarantee co-financing, and transfer of state property (both land and building) into the private ownership for a symbolic price of GEL 1.\u00a0<\/p><h4>Eligibility Criteria for the FDI grant program<\/h4><p>\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Invest at least 10 million GEL (~3 mln USD) and create minimum of 150 jobs.<\/p><p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 For companies operating in the field of business process outsourcing (BPO), the minimum amount of investment equals 5 million GEL (~1.5 mln USD), with the creation of at least 200 new jobs.<\/p><h4>what are the benefits of the FDI grant program?<\/h4><p>\u00a0Companies will get cashback of up to 1 million GEL (~300 thsd. USD). The maximum term of which is 39 months.<\/p><p>\u00a0<\/p><h3>Produce in Georgia Project<\/h3><p>There are different ways to access finances within this <a href=\"https:\/\/investingeorgia.org\/explore-your-sector\/advanced-manufacturing\/\">program:<\/a><\/p><p>\u2022 Interest Rate Co-financing on the loan.<br \/>\u2022 Co-financing of bank loan interest rate for the first 36 months: Refinancing rate + 3% (Currently 11%)<\/p><h5><strong>ELIGIBILITY:<\/strong><\/h5><p>\u2022 Loan amount should be in the range of GEL 50,000 \u2013 10,000,000<br \/>\u2022 Leasing project value should be in the range of GEL 50,000 \u2013 10,000,000<\/p><h3>\u00a0<\/h3><h3>Benefit 6 &#8211; Numerous Tax Benefits for Georgian LLC<\/h3><p>Automotive and Aerospace companies can benefit from Georgia\u2019s growth-friendly Tax Environment.\u00a0 Did you know that Georgia is the 3rd least tax-burden country in the world according to the World Bank? Some of the major benefits are as follows:<\/p><ul><li>Reinvested and retained profit is free from profit tax &#8211; companies pay Profit Tax only on distributed earnings.<\/li><li>Personal Income Tax is one of the lowest in the world, at 20% and the pension contribution is just 2% for the Employer (2% paid by Employee, 2% paid by Government).\u00a0 8<\/li><li>0% of goods are free from import tariffs in Georgia.<\/li><li>Georgia has 4 Free Industrial Zones (FIZ). Businesses registered in Free Industrial Zones benefit from additional tax exemptions: Companies producing goods for export in FIZ, are exempt from all taxes except Personal Income Tax (20%), which is paid from employees\u2019 salaries.<\/li><li>No export tax at all.\u00a0<\/li><\/ul><p>For a brief guide to the <a href=\"https:\/\/devskey.com\/de\/taxation-in-georgia-made-simple\/\">taxation system in Georgia, check this out.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39ebb61 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"39ebb61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1526f5 elementor-widget elementor-widget-text-editor\" data-id=\"e1526f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Electric_Cars_Production_in_Georgia_Kutaisi\"><\/span>Electric Cars Production in Georgia, Kutaisi<span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><p>It has been announced that Chinese investors plan to start electric cars production units in Georgia, more precisely Kutaisi. It has been already agreed with the Ministry of Economy of Georgia. These cars are targeting Local and the EU Market. <span style=\"text-decoration: underline;\">Georgian government gave in possession the land, worth\u00a0 of 68 million Georgian Lari to the Investors for free.<\/span><\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48c7524 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48c7524\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b72d22\" data-id=\"3b72d22\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8ce9a5b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"8ce9a5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39a75a9 elementor-widget elementor-widget-text-editor\" data-id=\"39a75a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Looking_for_incorporating_a_business_in_Georgia\"><\/span>Looking for incorporating a business in Georgia?<span class=\"ez-toc-section-end\"><\/span><\/h2><p>Make sure you contact us for the comprehensive, most convenient, faster, and most importantly reasonable services. Make your best choice when it comes to incorporating a business in Georgia. We offer you the simple company registration procedure in Georgia. Our incorporation or company formation agents will not only help you to incorporate your Georgian LLC, also will advise and guide you through the whole business operation journey.\u00a0 Doing business is easier with us, local professionals.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcdd0c6 elementor-widget elementor-widget-heading\" data-id=\"bcdd0c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Video_Summary_of_this_blog\"><\/span>Video Summary of this blog<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-09977d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"09977d1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0ac925f\" data-id=\"0ac925f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a4a3e7 elementor-widget elementor-widget-video\" data-id=\"3a4a3e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=5FRjPqxskss&amp;t=358s&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f5b77d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f5b77d7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fff7109\" data-id=\"fff7109\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c04da8 elementor-widget elementor-widget-text-editor\" data-id=\"4c04da8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Need to start your own business? <a href=\"https:\/\/devskey.com\/de\/contact-us\/\">Contact us!<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>If you are an auto-parts producing company looking to expand your business and are looking to incorporate your Business in the best possible jurisdiction, this blog may help you to make strategic expansion decisions. Follow this blog to find out some of the Benefits of doing manufacturing business in General and the specifics of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ocean_front_end_style_editor":"no","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doing-business-in-georgia","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Best Country to Incorporate Automotive or Auto Parts production Business<\/title>\n<meta name=\"description\" content=\"Thinking where to incorporate auto-parts production, manufacturing plant? 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