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Georgia: Nominee director has theoretically full access to bank account

#21
<<snippet>> said:
What about the PoA they reuqest if I don't want to go to Georgia in person!
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Then you need to become a wealth management client and you get more flexibility ;).
 
#22
Martin Everson said:
Then you need to become a wealth management client and you get more flexibility ;).
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how would that be possible? I assume you will still have to take a flight to Georgia if you want to avoid the PoA regardless if you plan to deposit 1M euro in an account there or if you only put 1000 euro there?
 
#23
Yeah China is good in replica and unlicensed software. But I would expect more from a service provider of companies and banking than a unlicensed windows version! I have only seen low lives setting up companies and banking in Georgia with offices at Mc Donalds.

One is even a Youtube star, making new Youtube videos each week about how her live is in Georgia and so on, I don't know....
scares-me.jpg
 
#24
<<snippet>> said:
how would that be possible? I assume you will still have to take a flight to Georgia if you want to avoid the PoA regardless if you plan to deposit 1M euro in an account there or if you only put 1000 euro there?
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No flight to Georgia needed.

For example if you open a wealth management account with BoG bank then you can do the face to face identification at their office in either London, Budapest or Tel-Aviv. If you don't want to do that you can provide apostilled docs, reference letter and first payment from a bank in your name as long as bank is from certain short list of countries.
 
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#25
lavel said:
Yeah China is good in replica and unlicensed software. But I would expect more from a service provider of companies and banking than a unlicensed windows version! I have only seen low lives setting up companies and banking in Georgia with offices at Mc Donalds.

One is even a Youtube star, making new Youtube videos each week about how her live is in Georgia and so on, I don't know....
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Why would you post crap like this man? Did anyone ask you to like me? I am trying to contribute to this forum, not disclosing my company name. This is what this forum is made for I suppose. I am tring and will continue so, to shed some light to Georgia, as a jurisdiction. I am the only one from Georgia here (as far as I know).
So nobody cares what you expect from typical Georgian service provider. Just stick to the topic of the thread or go spend your energy elsewhere.
 
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#28
Martin Everson said:
No flight to Georgia needed.

For example if you open a wealth management account with BoG bank then you can do the face to face identification at their office in either London, Budapest or Tel-Aviv. If you don't want to do that you can provide apostilled docs, reference letter and first payment from a bank in your name as long as bank is from certain short list of countries.
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Do you speak about SOLO of BOG ? If yes, I confirm you don't need reference letter to open an account there, as I have one. Just funding your time deposit with your personal account.
 
#29
Remy said:
Do you speak about SOLO of BOG ? If yes, I confirm you don't need reference letter to open an account there, as I have one. Just funding your time deposit with your personal account.
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No not SOLO that is retail banking I think. I'm referring to private banking packages.
 
#30
@lavel just keep in mind that Georgia is still developing (actually a lot and fast and I think on a good track). This will be for sometime still the case, don't expect it to be a second Dubai. There are many other countries world wide which will make you feel real uncomfortable. But I agree you should check your partners there or be on site before you put your millions in Georgia.

Just on a personal note: when I was in TBC main bank in Batumi I witnessed 3 power outages with all computers failing for 1 hour and I was in the process of creating a bank account. Not a good feeling too but I'm aware I should not place my too high standards on judging.

I think @Jonny Cage is one of the better Georgian service providers (he has better inside knowledge of Georgia than many of his competitors) and if he does not recommend himself I will do it: PB Services | Open Company in Georgia | как начать бизнес в грузии
 
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#32
therealmarv said:
@lavel just keep in mind that Georgia is still developing (actually a lot and fast and I think on a good track). This will be for sometime still the case, don't expect it to be a second Dubai. There are many other countries world wide which will make you feel real uncomfortable. But I agree you should check your partners there or be on site before you put your millions in Georgia.

Just on a personal note: when I was in TBC main bank in Batumi I witnessed 3 power outages with all computers failing for 1 hour and I was in the process of creating a bank account. Not a good feeling too but I'm aware I should not place my too high standards on judging.

I think @Jonny Cage is one of the better Georgian service providers (he has better inside knowledge of Georgia than many of his competitors) and if he does not recommend himself I will do it: PB Services | Open Company in Georgia | как начать бизнес в грузии
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I can talk about why Georgia has so many to offer and why you are right, saying that Georgia will not be next Dubai, but its a separate long talk.

For now thanks for positive words. I am still new here and not sure if admin Is ok with this kind of reference.
 
#33
Jonny Cage said:
I can talk about why Georgia has so many to offer and why you are right, saying that Georgia will not be next Dubai, but its a separate long talk.

For now thanks for positive words. I am still new here and not sure if admin Is ok with this kind of reference.
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How does the Georgia legal system react if a Georgian company gets a court order from a foreign country, that states they have jurisdiction regarding some "crime" that doesn't exist in Georgia?
i.e. a big US social media company is not happy that a Georgian company sells software that breaks their TOS and the US has a history of threatening to use CFAA (computer hacking for unauthorised access) laws. In the EU there has been a case where TOS have been deemed NOT legally enforcable, but usually the threat of a long / expensive court case means the accused rolls over.
 
#37
Macr2 said:
Does the wealth management package allow transfers out. Or is it just them managing your money like an ISA.
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It is meant purely for an investment relationship. So they are not expecting wires in and out like a current account relationship. It won't be for anyone expecting to use it as a current account.
 
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