How would you rate a setup with darks and Georgia company?

clemens

Corporate Services
Business Angel
Mentor Group
I consider to setup a Georgia company with darks. After all the hype around this forum about Georgia it sounds somehow interesting, even though it is Russian theretory I'm willing to try it.

As I put the puzzle together it looks to me that a Georgia company based on darks is the final solution for TOTAL privacy. Only issue will be the bank account opening which one user here say can be done with a PoA (Power of Attorney).

What do you think about it?
What banking is available for a Georgia company?

I don't speak about the risk to be catched using darks, this has no relevance to the thread. I only want to know about the privacy and tax avoidance protection such setup would give me.
 

bastard

Building Trust
Entrepreneur
That would be a good company, a shithole of a country with shitty documents.. it must work.

You can find some info I posted for some time ago in the MG ;)
 

OffCap

Building Trust
Entrepreneur
I consider to setup a Georgia company with darks. After all the hype around this forum about Georgia it sounds somehow interesting, even though it is Russian theretory I'm willing to try it.

As I put the puzzle together it looks to me that a Georgia company based on darks is the final solution for TOTAL privacy. Only issue will be the bank account opening which one user here say can be done with a PoA (Power of Attorney).

What do you think about it?
What banking is available for a Georgia company?

I don't speak about the risk to be catched using darks, this has no relevance to the thread. I only want to know about the privacy and tax avoidance protection such setup would give me.
If you're going to use someone else then why Georgia for privacy? Georgia is good for privacy because it isn't part of AEOI/CRS beyond that it's not especially great (though you can get a corporate type that doesn't report shareholders). It's appealing from an operational perspective because banking is fairly good and fairly easy to set up but that assumes you visit in person, which is the key (you can avoid this if you do a large enough deposit through private banking).

Part of the problem in Georgia is the tax situation isn't amazing. You can have a free zone company, which yes gives you zero tax but also creates more banking hassles and is pretty expensive. A VTZ company gives you 5% on withdrawals but isn't great for write-offs so it's not as good as it sounds, you can't just spend freely on travel etc. the same way you can in say HK. It's good for straight up operations.
 

darkster

Trusted Member
Business Angel
Mentor Group
Commercial Service
So in other and shorter terms Georgia sucks pretty much unless you are into a business with a low budget to setup a company and suffer to get a bank account.
 

AMD

Offshore Agent
Entrepreneur

darkster

Trusted Member
Business Angel
Mentor Group
Commercial Service
I will reply in the Mentor Group.
 

bastard

Building Trust
Entrepreneur
After some weeks testing it works, I posted an update in the Mentor Group on how to go about it.
 

blueweb

Corporate Services
Business Angel
Mentor Group
After some weeks testing it works, I posted an update in the Mentor Group on how to go about it.
Thanks for your feedback. I assume it is still working for you?
 
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