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Georgian Residence Permit via Business
In my personal experience, you really can't. Not only that, but even online bills don't look like what you'd expect to see in most places in the world. The only bill I've ever seen with an actual name and address on it is the electricity bill, but even that's just a tiny slip, which I very...- Traveler
- Post #41
- Forum: Tax, Accounting, Licensing & Legal
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How to get a business bank account in Georgia A-Z (my experience)
I'd consider the fact that companies without any economic substance in Georgia aren't getting accounts any longer quite well-known, and also something that the banks themselves make no secret of. What I'm talking about is the rumours that as long as your business is owned by non-Georgians, the...- Traveler
- Post #3
- Forum: Mentor Group Gold
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How to get a business bank account in Georgia A-Z (my experience)
There's a lot of misinformation being spread regarding business accounts with Georgian banks, with some people saying it's "no longer possible for a business with 80% or more of foreign income to get a bank account in Georgia" and others claiming that for a Georgian high street bank to consider...- Traveler
- Thread
- Replies: 3
- Forum: Mentor Group Gold
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Is transferwise secure
The general "rule" is to use EMIs for transactional banking & actual banks (or other vehicles if you're unable to get an account) for anything more than short-term. While Transferwise may very well be the safest of the EMIs currently around, I wouldn't ever consider, for a second, holding more...- Traveler
- Post #10
- Forum: Offshore Bank & EMI Accounts
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Can you recommend International Tax Lawyer/Specialist in Georgia?
I'll be following this thread with interest, and I'm hoping @khinkali can perhaps jump in as well, as it's INCREDIBLY tough to find good professional help over here. My own experiences and those of many of my acquaintances tend to show that if you ask the same question from 5 different tax...- Traveler
- Post #3
- Forum: General Business Discussions
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Georgian Residence Permit via Business
There's also the issue that foreigners are not allowed to buy what's considered agricultural land, and as far as I know, this applies to virtually all land that private houses are built on outside of the 3 major cities (Tbilisi, Batumi & Kutaisi). There are supposedly some ways around this...- Traveler
- Post #31
- Forum: Tax, Accounting, Licensing & Legal
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Republic of Georgia company and EMI's - this is how it works.
Has anyone managed to open a corporate account at any of the local banks recently, or is it pretty much the case of "Not a citizen? The door is over there!" these days? I'm starting a perfectly legitimate business and would've thought that the fact that I have an office, employees, a website...- Traveler
- Post #7
- Forum: Mentor Group Gold