There are a few banks in Georgia – only 15, of which 14 with foreign capital and 1 with Georgian capital. This number of financial institutions is quite enough for servicing of all companies and natural persons in the country. Positive sides of the Georgian bank system are its stability and profitability. For several years […]
This service available only with a person visit! Georgia is the jurisdiction that may be reasonably used to make business on a global level. This country has all the necessary components for organization of effective operation: low tax rates, tax-free territories, high level of bank security, state guarantees for protection of investors’ rights, and free […]
An important parameter that greatly influences the attractiveness of the country for investors is the banking system. The stability of the banking system defines whether non-residents will direct their cash flow to Georgian banks or not. Availability of financial services necessary for full-scale making of business is not less important for non-resident. Because of this, […]
High positions of Georgia in various global ratings arouse a reasonable interest in foreign investors. More and more companies and natural persons from other countries and states consider Georgia as a country beneficial for business or rational transfer of some of their divisions. It is explained by simple and clear taxation system and the fact […]
Today, by simplicity of leading business Georgia takes the 6th place internationally (according to the information from the World Bank). A significant contribution to development of its economy was made by the financial sector in particular. The Georgian bank system is working steadily and reliably and, which is most important, it brings great profit. In […]
Popularity of Georgia as a country for keeping money had greatly increased for the last 2 years because banks of Baltic countries had tightened the policy on non-residents. Georgian banks had arouse particular interest in citizens of neighbor countries and CIS who earlier had personal accounts in banks of Latvia, Lithuania and Estonia. Due to […]
Bank of Georgia is the second largest bank in Georgia. It was established in Tbilisi as far back as 1903. Today this financial institution holds 34.4% of the total assets the Georgian banking system has. Besides, it holds 32.4% of the overall loan portfolio and 33.9% of all deposits. The Bank of Georgia is a […]