Methods of accepting payments in Georgia from foreign customers. How to run a successful business in Georgia
To run a successful business in Georgia, you need to choose the right way to accept payments, especially if you work with foreign customers. Find out which methods are suitable for you from this article! Acquiring or a bank account, advantages of payment systems - read about all this right now!
Learn how to accept payments from foreign customers⬇️
Opening a business in Georgia, there is a difficulty in choosing a payment method for future customers. The development of the business and its success depend on the approach to solving this problem.
How best to work with customers from other countries for Georgian companies, and what payment acceptance methods are available in Georgia, we will analyze in this article.
Payment acceptance methods in Georgia from foreign customers
- Corporate multi-currency account
Every company opened in Georgia needs a bank account. It is necessary to pay taxes. At the same time, if the customers from other countries are legal entities, then a multi-currency account will be the most suitable way to accept payments in Georgia.
To open a multi-currency corporate account, you will have to choose a bank, provide the necessary documents, and only after opening the account, conclude contracts with customers.
2. Acquiring
For Georgian companies providing services to foreign physical clients, the best way to accept payments will be Internet acquiring.
The technology of accepting non-cash payments from bank cards is not supported by all banks in Georgia, therefore, when opening an account, it is necessary to clarify this point.
3. Payment systems for a corporate account
Modern methods of accepting payments in Georgia, which are aimed at the development of online projects, imply the use of payment systems.
A simple registration procedure, various currencies, fast payments and remote control guarantee the successful development of your business in Georgia. Nevertheless, in case of sudden large transactions or changes in the company, it is possible to freeze accounts. To prevent this from happening, warn the bank's security service in advance about upcoming operations, changes, and also respond to support service requests in time.
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Tax reportingс
Doing business in Georgia it is accompanied by the provision of regular reporting to the tax inspectorate of the country. All payments, account statements and declarations must be submitted on time.
In order to avoid mistakes, deadlines and other misunderstandings, use the services of qualified accountants.
Madloba Directory wishes you successful business development in Georgia!
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