Position of Georgia in the Doing Business 2020 ranking
When choosing a country for registering a business, you need to determine your priorities, do not forget about operating costs, and understand the peculiarities of the legislation and the country’s taxation system. In countries with the most favorable business environment, a balance of stability and costs is maintained. Key indicators of ease of doing business are taken into account in the annual Doing Business ranking, thanks to which entrepreneurs from all over the world can evaluate and choose the countries that are suitable for their companies. In this article, we will analyze what is the position of Georgia in the Doing Business 2020 rating and why.
Payment systems and their benefits for business in Georgia
E-commerce and payment systems have become practically the main way of doing business in 2020. Even those who were far from the Internet and technology were forced to master remote payment technologies. There are many methods of money transfer that are available on the Internet, but the safest and most reliable are payment systems. They offer a service similar to banking. The payment process is often faster, more convenient, and cheaper. Therefore, more and more companies prefer to work with payment systems. In this article, we will analyze the main payment systems and their benefits for business in Georgia, as well as explain how to use them without the risk of closing an account.
Legal services in Georgia
Business owners sooner or later need the help of a qualified lawyer. And the sooner you apply for it, the better because preliminary legal advice is much more pleasant than resolving a dispute in court. It will be quite difficult for you to understand the legal intricacies on your own without special education, and it is doubly difficult to understand the features of the legislation of another country, especially if you and your business are in different states. In this article, we will analyze in detail what legal advice in Georgia consists of and what problems you can avoid by contacting specialists on time.
Banking services for legal entities in Georgia
Business registration and operation are impossible without a bank account. In addition to a corporate account, banks offer a wide range of services for business owners that greatly facilitate and automate business processes. The list of services may differ depending on the bank you choose, but the main banking services for legal entities in Georgia are acquiring, a salary project for business, settlement and cash services, variations of remote banking, etc. In this article, we will take a closer look at the features of these services in Georgia.
Closing an LLC: how to properly liquidate a business in Georgia
There is no approved list of reasons why entrepreneurs come to a decision to voluntarily liquidate an LLC. But, more often this happens when the business does not generate income, the project period and financing have expired, critical errors in the accounting statements were discovered, or market changes dictate new rules. Regardless of the reasons, correctly liquidating a business in Georgia is a long and rather complicated legal process, all stages that can be passed remotely by power of attorney. We have compiled step-by-step instructions for you, where everything is in order.
The best jurisdictions to open an international IT company in 2021
IT business has always been an area with high profits, and 2020 has shown that those who are not in the online environment are not even in the market at all. In addition, if you create an application, service, or online courses, you will be able to work not only in your area, city, country but also in the international market, offering services to new potential clients.
Small Business Taxes in Georgia
Low taxes on small business in Georgia, a simple and quick registration process for any business make this country an ideal place to start or continue your business.
Open a multicurrency bank account online in Georgia
Georgia is of interest from foreign businessmen, first of all, by a high level of confidentiality of financial information (the country does not support the automatic exchange of financial data on CRS accounts). Many entrepreneurs, together with the registration of a business, open an account in Georgia, in addition, foreigners are also interested in opening personal accounts in local banks. In order not to waste time visiting the bank, given that now all borders are still closed, you can open an account remotely and without interrupting your current affairs.
In this article, we will look at how to open a multicurrency current account in Georgia without visiting a bank, both corporate and personal, and also consider the conditions that are offered by the two largest banks in the country.
Accounting in Georgia
The correctness of tax reporting and proper planning of further work depends on competent accounting. When you open your business in another country it is quite difficult to understand how to act correctly if you do not know all the nuances of the law. In this article, we will tell you about accounting in Georgia.