Page 25 - FDI Alliance International Magazine. Spring 2021 Digital Interactive Issue

“We are committed to maximizing the value of PV
modules and to remain a trusted and reliable global
energy supplier for clients’ long-term benefits,”
says Alexander Maier, Founder and CEO, AE
Solar. The company aims to drive this further
by working closely with international partners
and using the most responsible and innovative
methods of operation. In 2020, for instance,
AE Solar introduced near-field communication
(NFC) chips into all of its panels in a bid to
protect against piracy in the solar industry. The
chips allow customers to check the authenticity of
their solar panels, via an app, and within a matter
of seconds. This innovation has proved useful,
particularly in preventing the sale and distribution
of fake branded AE Solar panels.

The company decided to invest in Georgia after
world according to World Bank Group. Paying taxes diligent and thorough research and comparison
is simple and transparent. Companies pay taxes YOU WILL LOVE (LIVING IN) GEORGIA with other locations. Open economy, ease of
online, through commercial banks, minimizing doing business, competitive cost of labor and
procedures and bureaucracy. There is more to life than just number crunching. utilities, strategic location, DCFTA and other trade
Distinct with its biodiversity, Georgia boasts rich agreements with countries in major markets,
Taxation is just one of many examples of ease of natural and cultural resources and is home to accessibility due to visa-free regime with many
doing business. In fact, one of the first thing that more than 12,000 historical and cultural countries, well-adjusted investment protection
you notice while getting started in Georgia is how monuments, four of which are included in the and private property legislation, business-friendly
simple and transparent everything is. Georgia list of UNESCO World Heritage Sites. Georgia tax regulations and welcoming environment for
ranks 7th in Ease of Doing Business ranking by has something for everyone, the mountains, the investor, were some of the reasons cited by the
World Bank 2020 and for a good reason. This is sea, ancient cities, protected areas, more than company for choosing Georgia.
not just a ranking, but rather something you can 500 varieties of unique wines and one of the best
feel. For example, starting a business or registering cuisines in the world. Anyone, either with family Company opened its 500 MW PV modules
a property takes only few hours and can be done or on their own can find their type of activity, be it production plant in Georgian in 2019. The plant
by visiting only one office. Same easiness and hiking, skiing, sun bathing on the beach or raving is located in one of two Free Industrial Zone in
simplicity can be experience while dealing with until early morning, Georgia will make leave you Kutaisi, an industrial city at the heart of Georgia.
any government organization. Getting permits wanting more and fortunately, you can find that
or licenses or dealing with customs, everything is more again in Georgia. “We highly recommend to all of our partners to
transparent, fair and most importantly, does not take into account Georgia as a great potential
take too long. location for their investment projects as ourselves.
HOW A GERMAN MANUFACTURER We highly appreciate what we have achieved in
The fact that Georgia ranks 1st in terms of least need FOUND NEW HOME two years after we established the Global sales office
to interact with government while doing business in Tbilisi and Manufacturing plant in Kutaisi. We
according to Trace International Matrix 2020, is one One International company already reaping the are committed to expand our current capacity in
more proof of the low bureaucracy and pro-business benefits by having operations in Georgia is German Kutaisi and have a pipeline of establishing other
environment that Georgia has created. AE Solar. Since 2003, AE Solar has established products manufacturing in the nearest future in
itself as one of the leading brands in the renewable Georgia,” – Says Alexander Maier, Founder of
energy industry for high-quality new energy products AE Solar
GOVERNMENT COMMITMENTS and services. Over the past 18 years, the company
has grown steadily, broadening its portfolio and Article was prepare under the auspices of Invest in
To make new Investors welcome in Georgia, the strengthening its presence in international markets. Georgia investment promotion agency of country of
country has different incentives on offer. International Today, it is operational in more than 90 countries Georgia, in collaboration with its global marketing
companies can apply for Invest in Georgia’s FDI and has been listed by Bloomberg NEF as a Tier 1 partner USAID Economic Security Program
Grant program and have costs inquired for manufacturer. The company employees 1200
employee training and infrastructure upgrades people globally.
reimbursed. Companies operating in production
of electrical and electronic engineering products,
AID
manufacturing of aircraft parts and components, THE US ECONOMIC
SECURITY PROGRAM
manufacture of vehicles and equipment, business
services, logistic centers and warehouses and
MRO are all eligible. Together with FDI grant, DAVID TAVLALASHVILI
manufacturing projects can acquire state owned DEPUTY HEAD OF INVESTMENT DEPARTMENT
property (land or building) free of charge. As for
IT and marine companies, looking to service
clients from Georgia, corporate profit and personal (995) 32 2 96 00 10 investingeorgia.org
tax will both be reduced to 5%. Last but not the
least, for manufacturing or hospitality projects, 18 Uznadze str. 0102 Tbilisi, Georgia
subsidizing loan interest payment or loan collateral
is available. dtavlalashvili@enterprise.gov.ge

25. FDI ALLIANCE INTERNATIONAL