One of the most privileged and popular status among other statuses provided by Georgian tax legislation is the Free Industrial Zone Enterprise (hereinafter “FIZ Enterprise” or ”FIZ Company”). Entities with this status are exempt from almost any taxes and enjoy favorable customs framework. That’s why the temptation and demand for this status is very high, but along with the benefits, it has strict restrictions and conditions to follow as well. The main purpose of this post is to get to know to the FIZ Enterprise status more closely and write down the benefits it has. First of all, let’s define the the Free Industrial Zone Enterprise.