Banking in Georgia

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ALFRED MAYER

New member
Hello everybody, i have been contacted by a company in Georgia, called "Happy Georgia" , offering companies incorporation and banking solutions , remotely with PoA,...does anybody know them?, any experience?
 

TheCryptoAnt

Entrepreneur
They are ok if you are actually in Georgia but if you start having too many wires / are crypto related then you have to maneuver around a lot

What do you want the account for?
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
With BoG I had issues, but they were solved by lawyers without the need to go to court.
Both banks were recommended by the local agent.
 

backpacker

Entrepreneur
Just to park some money out of EU
Georgia is more EU than many EU member states. Read the local news which is full of praise for the European Union and a government which fulfills every demand that Bruxelles comes up with.

If you really want to put your feet in any bank in the Caucasus, choose Armenia instead of Georgia.
However, monthly transfers in the amount you mentioned are a bad idea due to high wire costs. You should deposit a lump sum and then pray you will get it back in full.
 

JackAlabama

Entrepreneur
Georgia is more EU than many EU member states. Read the local news which is full of praise for the European Union and a government which fulfills every demand that Bruxelles comes up with.

If you really want to put your feet in any bank in the Caucasus, choose Armenia instead of Georgia.
However, monthly transfers in the amount you mentioned are a bad idea due to high wire costs. You should deposit a lump sum and then pray you will get it back in full.
well said.
 

fortunespeculator

BANNED MEMBER
Georgia is more EU than many EU member states. Read the local news which is full of praise for the European Union and a government which fulfills every demand that Bruxelles comes up with.

If you really want to put your feet in any bank in the Caucasus, choose Armenia instead of Georgia.
However, monthly transfers in the amount you mentioned are a bad idea due to high wire costs. You should deposit a lump sum and then pray you will get it back in full.
Which banks in Armenia do you suggest for banking.
 

avalanche

Entrepreneur
Georgia is more EU than many EU member states. Read the local news which is full of praise for the European Union and a government which fulfills every demand that Bruxelles comes up with.

If you really want to put your feet in any bank in the Caucasus, choose Armenia instead of Georgia.
However, monthly transfers in the amount you mentioned are a bad idea due to high wire costs. You should deposit a lump sum and then pray you will get it back in full.
I think it would be helpful to add that wire costs are max $30 per transfer as per my experience. Doesn't seem too high for 3-5k a month.
 

backpacker

Entrepreneur
Which banks in Armenia do you suggest for banking.
None of these banks is suitable for non-resident banking. Fees are high and interest rates on USD deposits lower than in Singapore. It is also difficult to do SWIFT transfers. So, from an economic standpoint it is nonsense to even consider Armenia or Georgia for banking.

However, since the OP picked the Caucasus with the intention to bank outside the EU, this purpose is better fulfilled in Armenia because Armenia has no ambitions to please Bruxelles.

ProCredit Bank offers EUR wires at 8€ fixed fee which is not a bad deal.
.... which is a bank headquartered in an EU-jurisdiction.
I doubt the OP Iikes that idea.
 
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