How safe it is for Russians to open a company in Georgia?

[avalanche]

Due to the recent events, how safe it is for an English speaking russian to move to and do business in Georgia?

What is the probability of having your bank account closed because of nationality? Do you think the risk is serious or there is nothing to be worried about?

 

[Martin Everson]

avalanche said:
Due to the recent events, how safe it is for an English speaking russian to move to and do business in Georgia?
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Very safe unless things get worse between Georgia and Russia which seems unikely now as Georgia took a hit financially from events.

avalanche said:
What is the probability of having your bank account closed because of nationality?
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No issues as long as you don't do business in the breakaway regions of Georgia as they will close accounts of Russians like the central bank did back in 2007.

avalanche said:
Do you think the risk is serious or there is nothing to be worried about?
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There is nothing to be worried about. Being Russian in Georgia carries about the same risk as being Polish in West Midlands in UK ns2

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.