Legal Company

Legal Company

OPENING A BANK ACCOUNTIn Georgian banks

Assistance in choosing a bank considering the needs and business profile
Document preparation (including formally optional ones)
Support at the bank branch

Service Description

Opening a bank account for a new business has become increasingly complicated worldwide over the last decade due to AML legislation requirements.

Georgia has been extremely lenient in this regard, but the requirements are constantly becoming stricter. We help avoid typical mistakes and reduce the risk of rejections when opening accounts.

Service cost: from 1000 €

ADDITIONAL SERVICES

Accounting support

Opening a bank account

Legal address

WHY GEORGIA?

Georgian companies have
unique advantages.

  • Loyal tax rates

  • 6th place in the Doing Business ranking

    No problems with European and American counterparties.

    Open access to the state register of legal and non-legal entities.

    Low tax rates, as well as the possibility of reinvesting profits in case of absence of dividend distribution among founders.

    Exemption from VAT.

    Convenient work with the Tax Service: the possibility of postponing tax payments
    for a certain period, conducting electronic work.

    Loyal attitude of foreign banks towards Georgian companies.

  • Low maintenance costs

  • Open registers

    All statutory documentation is stored electronically.

    In Georgia, as in EU countries, an electronic apostille is in force.

    Georgian corporate law underwent the reception of Austrian and German civil law. The best practices of these countries were adopted.

    In Georgia, international accounting standards apply
    for both small and large enterprises (IFRS for SMEs).

    Business support by international audit companies such as BDO, Nexia International, Grand Thornton, KPMG.

    In Georgia, the European Business Association operates, which is actively involved in the development of corporate, tax, and economic bases for foreign business.

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WHY ROKHVADZE & PARTNERS?

  • 8 years of professional support for foreign businesses in Georgia

  • Registration and full support for company launches (including account opening)

  • Legal and accounting support

  • Experience in legally structuring complex corporate structures

Legal Company

Atoneli Street 12,
Tbilisi, Georgia

    Georgia: +995 551 317 330
    Ukraine: +38 044 300 25 81