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Tbilisi Free Industrial Zone
zone
Cities
Tbilisi
✸ Georgia
Cost
$95.4m
$95,400,000
Phases
operational, 2015
Objective
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.Finance
Operators
BitFury Group
Company