Georgia: The fastest way to open a Offshore Bank Account.
There are many countries around the world where you can open an offshore bank account if you are looking to do so. If you want to open a bank account for free, then you should go to Tiflis, Georgia
Today, it is believed that one can open an offshore bank account in Georgia in something like 20 minutes. In today's article we are going to give you all the information to find out why the Republic of Georgia is such a great country to open your offshore bank account.
Why open an offshore bank account?
The primary reason why some countries are better choices for the opening of an offshore account is the local tax law. Countries which have no capital gains tax for locals or foreign nationals who hold an offshore account in that country make such jurisdictions attractive. After all, offshore bank accounts are opened not just to protect wealth, but to also be tax efficient.
How to open a bank account in Georgia?
You may not find the international brand name banks that you may be used to seeing in your home country. What you will find is a bank by the name of TBC. In our experience, TBC is the best bank in the Republic of Georgia for foreigners. TBC also happens to post the highest revenue among all the Georgian banks. Its financials are also in good shape. So, it is a pretty sizable and well-established bank, even if you have never heard its name until now.
The most attractive part about TBC bank is its account opening procedure. And we are not talking about locals opening accounts, but foreign nationals opening an offshore account. Apparently, all one needs to do to open a bank account with TBC is show up with a valid passport.Simply a valid current passport is good enough to get the process rolling.
At TBC bank, all one needs to do to open an account is deposit $ 5 US. That money is equal to the annual maintenance fee of the account. What’s more, you can get a debit card quite quickly as well.
What benefits are there for me?
No capital controls – you can send money anywhere, as long as it is not on a sanctions list.
Great app-based and online banking. You can make large, international transfers on your phone. You just need to send the appropriate documents to compliance when requested. Typically your private banker would send you an email or even just a WhatsApp message.
Generally lower fees compared to Western Banks.
Possibility of getting debit cards, Visa & Mastercard Gold credit cards, and even American Express credit cards.
No need for proof of address to open an account. In most banks nowadays compliance will ask for one or two proofs of address such as utility bills, which can sometimes be hard to procure for people in some countries.
So, if you are interested in finding out more about more offshore banking programs and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.