The caucuses have always been a strategic area due to their position on the globe, being rich with resources and having access to multiple seas. One of the ancient countries in the region, Georgia, has emerged as an investment destination due to these factors, along with the commendable steps taken by the government to bring in foreign investment. One of these steps was the reform in the banking sector which has allowed opening corporate accounts in Georgia very easy.
This is not only helpful for companies but also great for individuals such as employees, or smaller entrepreneurs who might want to set up businesses in Georgia. On top of this, many companies are choosing the country to set up up their corporate offshore accounts as it is the new tax haven that everyone wants to be in. Business friendly policies along with very low corporate tax rates make it great for all types of companies to easily set up shop in the country. We at Kaukapital help you with the set up process from start to finish, to take advantage of this wonderful opportunity.
Kaukapital’s services for Bank Accounts:
We provide services for three primary banking services which are described in brief detail here:
▀ Corporate accounts- This would be an account a company needs to open in order to show that they have sufficient capital to run a business. These accounts are usually opened with banks which are a joint stock company. If you set up corporate accounts in Georgia, you can avail other services from them too, such as
➨ Treasury operations
➨ Cards for stockholders and employees
➨ Investment management
➨ Various credit products such as loans and overdrafts among others
Apart from these, the bank also provides other inclusive services such as SMS banking, Internet banking, online payments, mobile banking and more for their customers.
▀ Corporate offshore accounts- This is where Georgia has turned into a very lucrative destination for many companies. With one of the lowest tax rates, it allows companies to set up a bank account helping them from paying exorbitant tax rates in countries where their operations may be based. The formalities to follow when opening an offshore account is pretty much the same for any other corporate account. We at Kaukapital can help you open a corporate offshore bank account in Georgia easily.
▀ Personal banking- Banking for employees or even smaller entrepreneurs who need to move there are also easily done in Georgia and we at Kaukapital provide services in this regard as well. The same benefits as mentioned above for corporate banking apply as well. One major stipulation being – foreigners who want to set up a bank account in Georgia, need to show a capital of 3000 GEL (Georgian Lari) or around $1250 US.
Some specific benefits if you open a corporate bank account in Georgia:
➨ The funds can be moved around in multiple currencies such as the US dollar or the Euro.
➨ The bank fees are extremely low and thus you can carry put multiple transactions without having to worry too much about the deductions.
➨ Banks offer Mastercard, Visa and even Unipay, which enable you to make international transactions with ease, no matter wherever you are.
Kaukapital helps you open Corporate Accounts in Georgia easily and guides you not only through the entire process but also in choosing the right banks and financial institutions. We provide solid investment advice and even help you make the right financial decisions in the long run.