The aim of the project is to produce high quality, world level Georgian cigars in high mountainous region of Adjara.
The project covers all steps of cigar production including: planting and harvesting selected Cuban tobacco species, processing and exporting the final product into the international Marketplace.
The cultivation and wrapping of tobacco will be provided by invited Cuban specialists.
The Georgian Cigar company is operating from 2008 and during 9 years of successful experience it has conducted following activities:
Invited Cuban specialists from the Havana Tobacco University to examine possibilities of producing Tobacco in Georgia. According to a year and a half comprehensive study the Adjara region was identified as the best place for Tobacco production;
The founder of this cigar company has spent a year in Cuba (Pinar del Rio, land of Alejandro Robaina) for the purposes of learning the whole process of cigar production;
Introduced to Adjara elite black tobacco varieties: Corojo, Criolo, Habano, Connecticute, which were imported from the Tobacco Laboratory of Havana;
Planted, cultivated and harvested the highest quality of all four kinds of tobacco. According to Cuban specialist conclusion, Corojo harvested in Adjara region was identified as a one of the best tobacco sorts in the world;
Produced tobacco has been exported to Honduras and Dominican Republic and after 12 months of fermentation, first Georgian cigar has been hand rolled;
Produced cigars have been used for the marketing purposes, as a result of which this cigar company received excellent feedbacks.
Why in Georgia?
Besides the rich natural resources and diverse micro climate, Georgia has following competitive advantages for cigar production:
Liberal and free market economy;
Efficient, pro-business and corruption-free government;
Free trade regime with all EU countries, USA, Chine and former Soviet Union countries;
Low labor cost;
Exemption from Income (20%) and Profit Tax (15%) for companies operating in the high mountainous regions of Georgia.
Total investment necessary for the implementation of Cigar Project is USD 1 507 000.
There should be 4 transactions in 2,5 years period of time.
Company offering 50% of company’s shares to potential partner(s) willing to invest according to the financial statement USD 1 507 000.