What is your experience with Georgia?

Status
Not open for further replies.
Jonny Cage said:
Jonny Cage said:
I can confirm ambiguity about free zone law though.
Click to expand...
Click to expand...

Does that really mean that Free Zone and accountants can give us a greenlight on the services we offer to **non residents of Georgia**, we might pay for everything $5k (in case of Tbillisi Free Zone) and go thru hassle of setting up foreign bank accounts. Then Georgian government kicks in and makes us pay 15% for income we are generating from abroad? stupi#21

Our services are online education and HR recruitment of foreign individuals for foreign clients.
 
avalanche said:
avalanche said:
Does that really mean that Free Zone and accountants can give us a greenlight on the services we offer to **non residents of Georgia**, we might pay for everything $5k (in case of Tbillisi Free Zone) and go thru hassle of setting up foreign bank accounts. Then Georgian government kicks in and makes us pay 15% for income we are generating from abroad? stupi#21

Our services are online education and HR recruitment of foreign individuals for foreign clients.
Click to expand...
Click to expand...
And there is also no person in the world who can give us concrete answer whether our activity is allowed to be under TFZ non-taxable regime or not?
 
avalanche said:
avalanche said:
And there is also no person in the world who can give us concrete answer whether our activity is allowed to be under TFZ non-taxable regime or not?
Click to expand...
Click to expand...

Avoid that crypto company (BitFury) owned freezone i.e TFZ. Your just their side business ca#"!.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Does someone knows about a reliable lawyer that is able to help with answers to the TFZ ?

Toggle signature

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​
 
Admin said:
Admin said:
Does someone knows about a reliable lawyer that is able to help with answers to the TFZ ?
Click to expand...
Click to expand...
I just figured about free zone by the way:
Georgian law is very vague when it comes to Free Zone. I spoke with a person who was designing the law for free zones. Originally law was designed to be further extended in a positive (for the business) way but the outcome today is..

They have two different camps in the government:
A) Free Zone companies are only allowed to sell physical goods tax free.
B) Free Zone companies are allowed to sell anything including services tax free.

Basically you are not entirely protected by the law if you are selling services as a free zone company. Theoretically government could make you pay normal taxes although it would surely spook business (which is not in their interest). There was no precedent like that in the past but I would excercise caution when doing business in Free Zone. Just keep that in mind.

Last edited: Dec 6, 2019
 
Hello All!
Did anyone succeed with opening a bank account in Europe for Georgian LLC?
As for now only CIM banquet answers positively to this case. Could you please share your expertise regarding this?
thanks!
 
lrotter said:
lrotter said:
Hello All!
Did anyone succeed with opening a bank account in Europe for Georgian LLC?
As for now only CIM banquet answers positively to this case. Could you please share your expertise regarding this?
thanks!
Click to expand...
Click to expand...

TransferWise should work for a Georgian LLC. Indeed some lawyers I talked to from Tbilisi recommend it for a LLC owned by a foreign citizen.
 
dissidentcitizen said:
dissidentcitizen said:
TransferWise should work for a Georgian LLC. Indeed some lawyers I talked to from Tbilisi recommend it for a LLC owned by a foreign citizen.
Click to expand...
Click to expand...
I can confirm it works fine to open a TW account for a Georgia company.

Toggle signature

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​
 
Martin Everson said:
Martin Everson said:
It is not about Iranian people but the problems you will get for dealing with FTZ's which are nothing but sanction circumvention and laundering hubs ns2. Same logic as in avoiding banks that are Russian Laundromats - it never ends well.
Click to expand...
Click to expand...
I don't think there is anything wrong with money laundering.
 
avalanche said:
avalanche said:
That's a wonderful story of how you get in jail or serious trouble lol.
Click to expand...
Click to expand...
Okay, I'm still here, but go after what you read around and the books and you will never find anything useful.

Toggle signature
Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
Contact
 
ontherun said:
ontherun said:
And I think this forum is more for the free spirited type of people anyway. The ones who like to play in the shadows...
Click to expand...
Click to expand...
Well, we are all free to have our own opinions and do what we think is best for youself!

Toggle signature

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
  • Width
  • Queries
    11
  • Time
    0.6185s
  • Memory
    14.04MB
Top Bottom