GEORGIA
In recent years, the Georgian authorities have implemented a number of successful reforms in the financial sector, which have contributed to a radical change in the tax system. As a result, the country’s position in various international rankings has improved dramatically and continues to grow. All these processes make the opening of an account in the country by non-residents a very topical issue, especially for the citizens of Russia and the CIS countries.
The banking sector in Georgia is relatively small. There are currently fifteen licensed banks operating in the country. The largest of them is TBC Bank. It has numerous branches, provides a full range of premium services and is considered to be a leader in the banking sector. Other large banks are Bank of Georgia, Silk Road Bank, VTB Bank, TeraBank and BasisBank.
