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Today I’m gonna tell you about the Country Where you can Start Manufacturing easily Business. I will not go longer and say it’s Georgia, a country that has a great potential to produce goods and export as it’s located on a strategic place in the crossroads of Asia and Europe. We tried to gather the most useful information, just take a look at it and share your thoughts with us.
An Overview | Benefits of Starting a Manufacturing Business in Georgia
Initially, as mentioned before, Georgia has a strategic location. It’s located at the intersection of Europe and Asia. For many years up until now, it has a function to contribute transportation of some important export goods.
One more benefit is the increasing rate of GDP. The country shows promising macroeconomic performance. Gross Domestic Product Per Capita consists of 4 696.2 US Dollars and the Real Growth Rate is 5.0 %. for further you can find the chart below:
Notably, the government welcomes foreign investments revealed in many ways if even tax incentives and other programs e.g. such as “Enterprise Georgia“, which sets the growth of small business and manufacturing as the main aim.
Moreover, Company formation Procedure in Georgia is quite simplified and you can also register a company online with the POA. Our team is ready to assist you no matter what kind of difficult requirement is. We are also able to help open your business bank account, Obtain your residence permit, suggest some additional services such as Tax Consultancy and bookkeeping Services according to the EU standard.
Steps to Start Manufacturing Business in Georgia, Caucasus
Below I will list the main factors, facilitating investors to make decisions to start their manufacturing businesses in Georgia. These are the main advantages of starting a production company in this tiny little but promising country.
- Firstly, Research a niche market for to sell your differentiated product
- Secondly, Learn the insights of the manufacturing business (Ins and Outs)
- Once you have an understanding of the manufacturing business environment in Georgia, make sure you incorporate your business.
- This is an optional step. If you think your Idea can be approved by the government, pitch your business plan to the funding organization Such as Enterprise Georgia. Of funding requires extra commitment, which some people do not want. They have accumulated necessary funding on their own and it is absolutely fine to skip this step and start your manufacturing business on your own.
- Choose the best location where you are going to implement your manufacturing operations. Perhaps, surrounding of main cities such as Tbilisi or Batumi suits your goal the most.
- register your company in Free Industrial Zones in Georgia
Registering your company in free industrial zones in Georgia will bring you several benefits such as tax incentives, incentives of importing and exporting goods and so on. In other words you are completely tax-free if we do not count some obligatory little taxes in. We also do provide company registration offer in free industrial zones in Georgia as we have partnerships with them…
Top Ideas for Manufacturing Business
TOP 10 Ideas that may help you to decide in which field to start your manufacturing business in Georgia:
This kind of sphere is highly on demand in Georgia, because Everyone needs to sew and purchase. Here are some enterprises in Georgia which are well known enough and most of them are foreign companies. E.g. Adjara Textile and so on. In Rustavi, one of the cities in Georgia is planned to operate another huge clothing company, still owned by foreigners.
Besides, the government will help you in this case great deal as it promotes manufacturing development and exporting goods (also creating working places).
Gradually, the number of buildings are increasing in Georgia, so the demand on the facilitating materials are quit a big. Lot’s of ceramic tiles are imported from foreign countries such as Turkey, for example.
As the statistics has shown there is a high demand on furniture in Georgia. More and more buildings are being constructed nowadays In Tbilisi and Batumi. As a result, you will be able to make your production on demand and get immense profit.
Despite prices on the materials are growing there is still noticeable high prices on furniture.
Georgia is famous for its varied assort of cheese but few big institutions operates in this field. The postures and the mountains contribute the cattle breeding field development. It is a good opportunity to manufacture and then export abroad, because Georgian Cheese and other productions of milk is famous in EU.
During the soviet union there existed so many tea factories and has been exported in Russian cities. After soviet union went down all the factories stopped working, people abandoned their main income source work and country started to export mainly from Turkey. The west part of Georgia is very rich with tea.
Also within soviet union period entrepreneurs were actively taking to producing natural drinks. Because of the existence of diverse fruit and other materials. Now it’s good idea to release some drinks as because there isn’t very competitors on the market
Georgia is famous with it’s vine internationally, so this is one of the most potential-increasing industry in Georgia to create your own factory and then export glamorous vine over the world.
Above all, we can say that diversity of business opportunities in Georgia creates a good business climates. Your business will be live instead of imposed so many taxes and duties. In a nutshell, contact us, we are ready to make your way paved in Georgia… 🙂
Get Help to start Manufacturing Business in Georgia
Once you decided that you want to benefit either from government incentives and support of manufacturing or from the local tax benefits, such as tax free zones for production companies and you are ready to move forward we can assist you with:
- Helping to establish your company
- Helping to register with Tax-free trade zones
- Helping to maintain your company – accounting and legal support
We are ready for a long-term partnership with you. Contact us.