Tbilisi Free Industrial Zone

Description

The Tbilisi Free Zone (TFZ) represents the type of tax-free zone envisaged by various Laws of Georgia where the business-friendly regulations and favorable tax/custom & regulatory system apply.

History

The Zone was originally organized by the Dutch BitFury Group, owner of the largest data center for cryptocurrency mining (the reason the Tbilisi zone is often associated with crypto). In 2023, however, Zoti Holding LLC, whose key investors are from Georgia with Hungarian and German beneficiaries, took over.