Question 1

Why move your startup to Georgia? What You Should Know to Run a Profitable Business in Georgia

Accepted Answer

Georgia, which is gaining momentum in growth and development, is increasingly attracting startups to start businesses and companies of all kinds. The country is hospitable not only to tourists, but also to young entrepreneurs. Read in this article why this is the case and what you need to know to run a successful business in Georgia.Advantages of Georgia for StartupsInnovative programs, special tax rates, incentives and other motivational projects attract entrepreneurs to do business in Georgia.Due to the entry of new investments, the country&#x27;s economy is developing and the standard of living of its citizens is rising. It is the government that is interested in increasing the number of startups. Therefore, amendments are regularly made to the legislation aimed at creating a comfortable business environment in Georgia.Free services for startups in GeorgiaThere are laboratories and special agencies where aspiring entrepreneurs can take advantage of a huge range of services. These include incubators, laboratories, training centers, co-working spaces, and more.Thanks to this kind of help, high tech is developing everywhere. Some concepts allow you to test a startup and determine ways to get it into a profitable and affordable project.Support of the world communityActive economic development has made it possible for Georgia to become a leader in the world rankings of accessibility of doing business. First place in Europe and 7th in the world by this indicator clearly indicate the advantages and growth prospects for any entrepreneur.Confidence in the future, reliable banking systems, and the absence of bureaucracy make life easier for startups in Georgia.Tax benefitsLow tax rates for IT and other entrepreneurs ensure a regular influx of new startups.With a competent approach to the choice of legal form and taxes, every businessman here can save on expenses and thus increase income.Georgia IT start-ups have a 5% rate on dividends, 20% on income tax on employees&#x27; salaries and 2% on contributions to the Pension Fund. There is no income tax and no VAT for foreign contractors.Who Funds Startups in GeorgiaThe Georgian government is interested in the development of the country, so it creates favorable conditions for startups. This approach of the government guarantees an inflow of foreign investments into the country.Today every startup can try to get a development grant here. Let&#x27;s talk about the largest sources of funding for startups in Georgia.Startup GeorgiaThe program, a major component of Georgia&#x27;s economic reform, aims to develop and support startups across the country. Since 2016, 3,000 applications have been processed.The areas for participation in the program are limited, but these are the areas that are rapidly developing and making the most tangible contributions to the economy.USAID ZrdaFor startups on the border with South Ossetia and Abkhazia, Georgia has created special grants that provide financing on special favorable terms.Innovative enterprises are offered a long-term loan of up to 90% of the amount, with the growth of the project implying the withdrawal of 100% of the amount later as a free grant.Produce in GeorgiaThe "Produce in Georgia" program was created to boost entrepreneurial activity inside the country. With its help, businessmen organize new jobs, expand production, and support operating companies.A number of special conditions for recipients of this grant allow them to start creating new products within 2 years after being approved and receiving the loan, and within 1 year to expand their existing business.Startuper TBCStartups regularly need help and support in a variety of ways. From creating an idea for a business card to non-credit products. This is what the program is all about, where businesspeople get more than just financial support.Bank of Georgia Female Start UpperFunding for women helps women from all over the world to develop new companies and expand existing businesses.The grant amount is up to one million GEL for a period of 5 years.Registering a startup in GeorgiaThe government&#x27;s actions aimed at increasing investment capital within the country have led to a transparent and simple system for registering new companies.Preferential conditions for start-ups in Georgia, especially for the IT sector, help to register in 4 stages:Opening a company in the House of Justice remotely or in person.Requesting access to the tax office, getting a login and password for a registered company.Application for a virtual status of the company to the Ministry of Finance.Transfer of the received certificate to the tax inspectorate.If you plan to move a startup to Georgia, you must either close the company and register it again in Georgia, or open a branch of the existing company.

Question 2

Which bank in Georgia to apply to and how do the services of one differ

Accepted Answer

People who have moved to Georgia from Russia for permanent residence simply need a bank account to receive a salary on it, keep money, take loans and so on. MADLOBA is in a hurry to introduce you to the banks where it is easiest to open a checking account:Bank Of Georgia (BoG) — there is a mobile application and an Internet bank, quick account opening and card issuance within 3 working days.TBC Bank — the same advantages as BoGLiberty Bank — open an account only if you have a residence permit. The main specialization of the bank is pension servicing.Basisbank — opens accounts for individuals and legal entities, requires a large number of documents. A small number of branches. A lot of actions require personal presence, and sometimes even only in the central office.VTB Bank Georgia — is a branch of the famous Russian bank in Georgia. You can open a checking account for both an individual and a legal entity.If you have information about banks that serve people who live in Georgia but do not have citizenship, tell us about them in the comments!In the MADLOBA online catalog, you can find expanded lists of commercial organizations serving tourists and emigrants.

Question 3

Are there banks in Georgia whose cards PayPal recognizes?

Accepted Answer

Millions of people use PayPal payment system all over the world, including residents of Georgia. However, not all bank cards of Georgia are supported by this system.We have collected all the necessary information on this issue for you and we are in a hurry to share it with you:First, the card must be VISA, the Georgian mastercard is not supported by PayPal.Secondly, a commission of $5 is charged for any transfers.Thirdly, we recommend you to get Bank of Georgia or TBC cards. They work smoothly with PayPal.Do you have information on this issue? Tell everyone about it in the comments!All the information about banks necessary for the Russian-speaking population of Georgia is available in our MADLOBA online catalog.

Question 4

How to transfer money from Russia to Georgia?

Accepted Answer

There are several ways to transfer money from Russia to Georgia:Through the Korona and Unistream transfer systems2. Through the PaySend payment system. It is worth noting that it only works from Russia to Georgia, in the opposite direction it does not work. A huge plus is that the money is transferred directly to lari, bypassing the conversion into dollars.If you know other methods of transferring money abroad, then share them with everyone in the comments!MADLOBA is a reliable assistant in all matters of interest to Russian-speaking residents of Georgia.

Question 5

Exchangers in Kutaisi, where to buy lari? Where to deposit dollars and rubles?

Accepted Answer

Svetlana.A trip to Kutaisi is planned. I am looking for information about the exchange of dollars, rubles. Are there exchangers in Kutaisi? Is it more profitable to exchange on arrival in Tbilisi or on arrival in Kutaisi? Exchange at the hotel, does it make sense?How are things in Kutaisi with currency exchange?Kirill.There are a lot of exchange offices in Tbilisi: banks, exchangers, money changers. The city is large-scale, and therefore there are more opportunities. Here you can search for a better course, and choose a suitable operation – how to convert and what? If it&#x27;s rubles, it&#x27;s better at an exchange office. If dollars, then the exchange rate can be high both in the bank and in the exchanger. Now at each metro station next to the ticket counter, a currency exchange point is installed.Kutaisi is a city with an international airport, the second largest and most important in Georgia. A local Liberty Bank point, TBC PAY ATMs and Card Bank are open 24 hours on site. However, buying local lari at the airport, you can lose a fairly large amount on commission and at a lower rate.In the city of Kutaisi there are many banks engaged in the exchange of rubles, dollars, euros and even hryvnia. Not so many, but there are a sufficient number of exchange offices. Exchange rates do not differ from Tbilisi – in order to sell more profitably, you need to run, search, however, as in any unfamiliar place. The main thing here is not to get cheap, and at the average exchange rate there is always an exchanger or a bank.In Kutaisi, payments are made by bank card, perhaps you will need cash in small quantities. Specify the information about your bank, are there any commissions, what percentage? Cashback? Today it is available to return from vacation, including from Georgia, with a full card of "kickbacks" for goods.Yes, the hotel will be happy to exchange money for you, although this is illegal. In Georgia, it is impossible to settle by any means other than the national currency – lari. The rate is underestimated terribly, even minus 25% may be. This is the most extreme case, you can use the exchange of the minimum amount for small expenses.With a private seller (both goods and services), you can pay in dollars, euros and even rubles, you can negotiate. Again... the course will be offered clearly below average.The exchanger on Chavchavadze Avenue 57/59 can advise, a good rate and without risk. Pay attention to the commission fees, ask how much they will give you on hand. The fact is that a sign with a very high exchange rate, as a rule, contains a commission for the exchange. I&#x27;ve even seen a three percent rate!Today you are already going savvy, the Internet will tell you the average cost of the dollar, ruble. And there, be guided by the situation.

Question 6

Currency exchange, Georgian stamps. How to make an exchange, for the benefit of yourself.

Accepted Answer

Where is it more profitable to exchange currency in Tbilisi?Michael.There are a dime a dozen currency exchangers in Tbilisi. Places of location, as in other cities where there are many visitors, are the central district, local markets, train station, airport, near metro stations. The most profitable currency here is the dollar, you can also change rubles and euros.The national currency is the only payment method at the hotel, in the restaurant, in the hotel. In these institutions, the rules prohibit working with foreign money. The usual way is through the bank, the statement that the bank has a bad exchange rate is incorrect.Make the exchange only after a detailed study of the information. A sign with a good exchange figure, and maybe the interest rate will lead to a smaller amount. It is not worth trying to return the money, they will not return it - the exchange account knows ...) Be careful, in your interests.Sunday is a day off at the bank, the rest of the days are from 9:00 to 18:00. , Saturday is usually half a day. Exchangers open earlier, at 8:00 and close later, at 20:00, there is also a later closing time.A street money changer, do you know about such? I don&#x27;t trust my money to them, they should be familiar to you and stand in one place for at least two years, in the sense that you see him constantly. Their course is often higher. In a strange city, this is a dangerous experiment.Ksyusha.Dollars and euros, rubles and hryvnia - any currency will be appreciated (at the exchange rate, that is) by the Bank of Georgia, almost every metro station in Tbilisi is “equipped" with an exchange office.In one window - tokens, in the other - currency exchange. A passport is required at this point. Interbank rates differ slightly, Cartu Bank, Liberty Bank and ProCredit Bank have been seen in the city. Example of the difference: Bank of Georgia - dollar at the rate of 1, 809;ProCredit Bank - 1.81. There are exchangers, not bank ones, it is more profitable to exchange currency with them, but there is a nuance - the presence of a commission, although not in everyone.Upon arrival, an exchange is possible right in the airport building, you can use the services of taxi drivers - they will take you to the nearest exchanger, with a good rate. Foreign currency settlement is prohibited in Georgia.Nyutka.I can&#x27;t figure out for myself why it&#x27;s impossible to immediately change the currency at a bargain price - to fight this issue once and ... let go for the whole vacation!Endless fuss, far-fetched problems - did you come to rest or solve world stories? My exchange takes place only in the bank, I do not trust the dotted lines and points and I do not advise you.The currency given by you must match even the quality of the one that will be handed to you.There are a lot of changing cashiers in the subway, but the flow of people is such that it is safer to contact the bank.Evgeniy.In Georgia - lari, the national money, only in this currency is the settlement.In the Georgian space, any monetary sign can be exchanged for lari, whether it is a ruble or a dollar, euro, hryvnia.The story goes better with a dollar. The approximate exchange rate of 1 lari is 25 Russian rubles, 1 dollar is 3.4 lari.I have deduced the truth for myself for a long time - it is not worth changing the currency on hand in any country, why spoil your rest and financial situation?I use the services of banks, exchangers. I found round-the-clock exchange services. For the exchange, they strive to include a commission, you change it likeit would be at the best rate, but you don&#x27;t even suspect about the percentage, so you need to be careful.When exchanging, communicate with the seller, the cashier - do not hesitate to specify the amount that you are owed.Anna.In the exchange offices of Georgia, dollars and euros are always gladly accepted, compared to the ruble, hence it came that it is better to travel from Russia with the currency purchased at home.And upon arrival, exchange it for lari and use the national currency. Each metro station has a foreign currency reception point.The course is decent, there is no cheating. It&#x27;s also good that they often work here 24 hours, generally flexible schedule – adapts to the clientele.The bank accepts at a slightly lower rate, the work schedule is from 9 am to six pm, on weekdays. Saturday is a short day, Sunday is a day off.ATMs are located at the post office, in the shopping center, and in other public places, I&#x27;m talking about Tbilisi specifically.The card will help out when paying for accommodation in a hotel, for service in a restaurant, for goods in large markets.Not all stores are ready to work with your card, so the availability of cash is your peace of mind. Do not change it with your hands – it is risky, you will be left with an empty pocket.Peter.Tbilisi is a city where currency transactions can be made quickly and anywhere.Exchangers and banks, ATMs are at your service.I managed to withdraw from a ruble bank card at an ATM, and with local money – lari.The country of Georgia is an inexpensive region, five hundred rubles and there is a place in the hostel, to see museum exhibits – 100 rubles, to have a hearty, tasty and satisfying lunch – two hundred rubles is enough.So the currency goes here, is exchanged and lives all year round.Street money changers are a thing of the past, now they are currency issuing points.Civilization has changed the face of Tbilisi. I paid special attention to the local MFC, surprised by the cable car.You can exchange currency at the bus station, railway station, and airport. Catch a good, high course, change – zero problems.There is an ATM at every corner in the center, use it – there is even a menu in Russian. Cheap prices, I compare with the regional centers of Russia, for example.Metro, passage 50 tetri, for ours – 12 rubles. A portion of khinkali costs a hundred rubles, almost for nothing.)

Question 7

Carry cash or use ATMs in Georgia?

Accepted Answer

The Madloba catalog team is happy to share useful and important information about the most diverse moments of life in Georgia. Today we are answering another question from our subscribers about the situation with non-cash payment for services and goods in the country.MarishaWe are going to visit Georgia with the whole family, visit different cities. What do you advise on finance - there will be no problems with taking cash with you or cashing out through an ATM in Georgia.Leonid.Georgia&#x27;s desire to become an equal member of the European Union is a separate topic, it can be discussed for a long time. There is a desire - please, there are no opponents. However, you will have to start with yourself, objectively assess the situation and make every effort to move towards the road that you will master… That&#x27;s it! - walking. Closer to the topic is the availability of ATMs in different localities of Georgia.I agree, there are even a large number of them, only this applies to large cities - Batumi, Tbilisi. Dig, or rather drive a little deeper into the amba country, you won&#x27;t find it with fire during the day. In Russian remote places, things are also not so good, there are even district centers without ATMs.And there is another problem waiting for you in the Georgian lands, you can withdraw with a Russian card, but not in everyone. The connection is very simple - relations between the countries have deteriorated, strained - the people of the forelock wallets are crackingHow not to get trapped? A personal visit to the bank and a biased inquiry about the situation on your own card - which you own.The Internet is to help, we read reviews on different sites, we are looking for informative pages - we make up our own picture.We find out who has recently been to Georgia, we contact and here is the source, we use the questioning and prying system.) If the doubts have not gone away and are going on the road with you, we take cash with us and rest easy.Liss964.The situation is twofold. What is the moral of this fable? ATMs can be used in Georgia and the Visa card is serviced without any problems.The fact is that each operation of a non-your bank will give a commission of one percent, for clarity, the bank will take 100 rubles from 10,000 rubles.There are many VTB ATMs in Tbilisi, it will be profitable to withdraw using the card of this bank.Sberbank cards can also be used, the rest are cards of smaller banks, which impose a high percentage of commission fees on each manipulation.Withdrawing money in Georgia is not a problem, again - in a large city where ATMs are full. It should be understood that you will have to pay for the service, and this is a considerable percentage. Withdraw cash from yourself and with a certain amount go boldly on vacation.Julia.There are ATMs in Georgian cities and they work properly. However, my opinion is to go with cash, of course depends on the point of Georgia - where you are going to go. In small settlements, an ATM is a scarce thing, by the way, take note - there are queues.There is an option - there is no ATM. And why overpay by giving a commission, too?You can do this: first buy dollars from your blood rubles, while “supporting” the Central Bank of Russia.The next step is to exchange the purchased dollars for lari, again we “support” the Central Bank, only Georgian. Cash appeared, money must be thought about how and where to hide it.And you can withdraw the amount in bulk from an ATM upon arrival (yes, with the “support” of the Central Bank, but once). The layout is as follows: if you spend most of your vacation “in a quiet, natural area” - you need to take a reserve from an ATM.If you plan to spend time in one of the major cities, you can pay with a card, cashback bonus for refueling, restaurants and the like. We live in the 21st century, and Georgia too.Peter.I want to say - there is a civilization in Georgia! The tourist movement is developed - millions visit this country during the season.In the cities of Batumi, Kutaisi (in the center), Tbilisi and Borjomi, ATMs are at every turn.Yes, in Bakuriani or maybe in Ozurgeti you will have to look.ATM with a Russian or English menu, I was withdrawing cash, Alfa-Bank did not block me.Georgian prices are low, and in general - a country of cheap services and goods.Some attractions are really free to visit.Tatyana.On a trip to Georgia, they took cash (in dollars) and a Sberbank card, a visa. We visited several cities: Batumi, Mtskheta, Tbilisi.I will eat from the card at the ATM not often, but periodically - yes. At home, they ordered a printout and, to their surprise, found out that eating at an ATM is more profitable than exchanging dollars.By the way, the menu is in three languages - English, Georgian, Russian.I can&#x27;t remember the name of the bank, sorry, the ATM is blue - it was most profitable to withdraw here. There is an opportunity to pay with a card in the catering, we ate for cash.Although friends, frequent tourists of Georgia, prefer cashless payments.The conclusion is that it is impossible to do without cash in the wilderness, and in a big city the card works flawlessly.Alexander.There are many tourists from the expanses of the USSR in Georgia, they communicate - Russian speech is heard everywhere, although there is no embassy here. Everything is fine with ATMs.I didn&#x27;t search specifically, purposefully. Walking around Tbilisi, I accidentally came across an ATM, chose a menu in Russian and withdrew moneyThus, everything goes into business, both the card and cash (rubles are also quoted in exchangers). I even saw hryvnia there.Traveling around Georgia and using our tips and recommendations, you will not experience difficulties. We try to anticipate all the options for the development of the event and tell you the best ones for a great vacation!

Question 8

And what do you know about the Georgian currency? About Lari?

Accepted Answer

Pasha.Does it make sense to go to Georgia with a ruble and how are things going with the exchange of rubles for lari in Tbilisi and Batumi?Irina.Lari, Georgian national currency, system designation GEL. It sounds beautiful - "lari", right? The translation is also like a song – treasure, wealth (the ancient language of the Georgians).You can&#x27;t throw the words out of the song)) and therefore, here&#x27;s another – "tetri", also a pleasant sound. This is a small coin, of a dimensional kind. Translation – silver, white metal, from the ancient language of Georgia. One lari is one hundred tetris. One lari is available in both paper and coin versions. The dignity of banknotes: 1 -2-5-10-20-50-100 and 200 GEL. The Georgian Mint produces 1 -2-5-10-20-50 tetri.In the Georgian foreign exchange market, all basic, marketable money is subject to exchange: rubles, dollars, euros and even hryvnia. It is best to take dollars on a trip. There are enough exchangers, almost at every metro station you can use exchange services.There are branches of Bank of Georgia in every city, and this bank has the best rate. Using the card is convenient, but not profitable. They withdraw 1% from each operation, with an additional minus when exchanging.As with every currency, you can&#x27;t guess with lari – the exchange rate changes daily. For today , 100 rubles is 4.62 lari , and 100 dollars is 342 lari .Alexander.Local money in Georgia is called lari.Today, 21 rubles are given for one Georgian monetary unit. One US dollar is 3.42 lari, the single European currency per unit is 4.14 lari.It is easy to exchange the Russian ruble in Georgia, there are exchange offices and branches of the national bank everywhere. Life hack: change the required amount of money, because back from lari to another currency – the rate is simply extortionate.Be sure to keep in mind that it is much more profitable to change the euro and the dollar, compared with the Russian ruble. I think that the benefit is clear: rubles need to be exchanged in Russia, before departure.Regarding the bank card, I can say that you can pay in large cities of Georgia for the services provided and for the goods sold. However, in a small settlement you should have cash, and local bottling and coloring)). There is simply nowhere to exchange your foreign money for lari here.Elena.Let&#x27;s compare. We have rubles, in Georgia - lari; we have kopecks, they have tetri. The most common bank, Bank of Georgia, will gladly accept rubles, dollars, euros from you and exchange them for lari.Practically, it turns out that you have to go with dollars.The scheme is simple: from the ruble to the dollar (and in Russia), from the dollar to the lari (already in Georgia, of course), it&#x27;s not much, but you can win on the courses. I always use a bank card, withdraw in local currency.So at least you won&#x27;t get to the divorce of exchangers, there is confidence.Evgeniy.The Georgian lari is the official, national money of the country, introduced from 1995 to today. The exchange rate for today is as follows: for 1,000 of our rubles, you will receive 46 lari.The conversion takes place without problems, many exchange and banking points are ready to offer their services. But take your time, the exchange rate is different. Each exchanger sets its own rate, somewhere it may be higher.I found 50 lari for 1,000 rubles and exchanged the amount more than what I was going to. Whoever is looking for will find something.)The local currency is a priority, and in the catering and in the hotel, in the hotel you will not take foreign money under any pretext – it is prohibited. Be prepared for this, exchange in advance)).

Question 9

What kind of money in Georgia is a priority for a tourist from the Russian Federation? What currency should I take with me?

Accepted Answer

Anatoly.How much does the money you came with cost in Georgia?Maria.For me, it&#x27;s better to use cash when paying with a card – you lose in commission fees. It is profitable to go with the euro and with the dollar, rubles can be exchanged, but you will have to look for a good offer at the exchange rate.Ksyusha.The amount of benefit is quite insignificant, when comparing the exchange of rubles and dollars. So it does not matter to come with dollars, Russian money also changes and you can find a good exchange rate.Specifically, in Tbilisi, at each metro station, exchange points are located next to the ticket counters, and these exchangers are basically Bank of Georgia branches, with a decent exchange rate.Today, one $ costs 3.42 lari, and the cost of one ruble is 0.046 lari. It is not difficult to make a calculation and after thinking about it, decide which money will go (whether?) with you to Georgia. Think for yourself, decide for yourself…Again, I do not advise changing the entire amount of planned expenses right away, perhaps lari will remain, and you can lose a decent amount by exchanging them into rubles. In addition, there are Bank of Georgia points in every city.Elena.There are places in Georgia where dollars are accepted better than lari. When renting a house from a private owner, it is preferable to pay in dollars, the owners like it.In some cases, it is acceptable to pay both euros and rubles – as you manage to negotiate. Just know that there are such options.The money account goes according to the local exchange rate, although of course not in your favor. There is something to think about.In advance, change the money you have for lari, the problem is solved and the head does not think where? How much?Alexander.The money of Georgia on a national, local scale is lari. On the territory of this state, it will not be possible to pay with other, foreign funds. Buy dollars or euros at home, and in Georgia you will exchange them for lari. The Central Bank today dictates the following rate:1 euro = 4.15 lari1 dollar = 3.42 lari.The money exchange office offers its own rate and it is more profitable to take dollars than euros here. And they take a dollar more cheerfully. Always pay attention to the commission. Personally, I have come across exchangers with a 3 percent commission fee.Then at home, after a rest, counting where the money was spent, there will be no disappointment for those who were attentive.) For example, Tbilisi Airport offers the lowest exchange rate. I&#x27;ve been changing a small amount here to move on.The remaining amount is already at the destination point. It is necessary to know that in small settlements it is a problem to make an exchange, and in some it is impossible.Clarify the details regarding money while still at home, using all possible sources. The same is the case with the card, there may not be ATMs in district centers, not to mention smaller villages.Ekaterina.Yes, the locals are ready to charge you dollars for products on the market, for example, when renting you a house or a car, and so on.However, the change will be given to you in local lari. So the money that you have in cash should be small, let it be fives, tens. Bank cards are serviced without commission, international. There is no benefit in withdrawing money from a card at an ATM or doing it through a bank.For small expenses, you can immediately purchase a local lari at the airport exchange office. The rest of the calculations are made by card. So you will not fly into the interest with the commission and you will stay with your money.Zinaida.I immediately purchase a small amount of local money from the airport&#x27;s exchanger. I got to the city and the bank card went to the expense.) And I spend the acquired lari for travel in a minibus, for shopping at the market, in souvenir shops.Evgeniy.Georgia&#x27;s money is lari. It is easy to exchange currencies for local money in the country. Banks and exchange offices are in abundance, tourists with euros, dollars, rubles and even hryvnia are waiting at every step. A very profitable course for street money changers, BUT fraught!There are enough scammers here, as in any other city, country. In pursuit of a good exchange rate, the dollar still wins, it is accepted more willingly and decent money is given for it.Choosing from a street money changer to banking services, I stopped in the middle – an exchanger, a good exchange rate, minimal risks.One catch – make sure not to fly into the commission fee. And the rest is the best of evils)).Anna.The lari currency is the only national currency of Georgia, it is in these units that everything in the country is calculated.Dollars will also come in handy, in private ownership it is possible to offer this money when calculating, the local population will be satisfied with this outcome of the case. It is important to decide before the trip with what money you will go and where you will exchange, in which places.Will it be a bank? An exchange office? Money changers? Fraud is developed, so the more thoughtful your actions are at home, the more confidence you have in the days of rest without bothering your head.A large number of banking points and exchangers, flexible working hours. In a large city, you can pay with a bank card: in large supermarkets, shopping malls, restaurants and cafes, etc. Money can be exchanged, any currency will find its course.The dollar is more popular than all the others, and is welcomed by local private traders, banks, and exchangers. The ruble and the euro are not so much liked by the locals.I want to focus on the denomination of the bills. A large lari is inconvenient for what? To give change is a problem, somewhere to change a similar topic. Ask, when exchanging, to the cashier or a bank employee to give out money not in large, but in smaller bills. I change money as needed, not all at once.Andrey.May 2021: one ruble is 0.046 lari, plus or minus. The border is transparent, no money, insurance, and so on. Today it is a vaccination and a PCR test. I paid with a Visa card even in a small store.

Question 10

Payment by bank card in Georgia, the pitfalls of interest, is there a sense of such a calculation?

Accepted Answer

Xenia.I am interested in information completely on bank cards in Georgia, where are they accepted? what is the commission? and including the question is it worth paying with a bank card in the Georgian state at all?Elizabeth.Georgia is a beautiful, modern country. Independence from the USSR, taking a new path, the history of this state is centuries-old and quite difficult. The development of the economy, including, is proceeding by leaps and bounds and at a rapid pace.No questions arise, for the most part, people, tourists make purchases and use services, respectively, they prefer to pay with a bank card. Difficulties only in areas far from major cities, where you can admire the magnificent nature of this country, but deny yourself some of the joys of civilization. For example, payment by bank card, high-speed Internet, currency exchange, etc.If the city where you are going accepts payment by bank card, then you need to clarify the details and nuances of interest in your bank. The fact is that today some banks are serviced in Georgia without interest from the client. If there is an interest rate, then as a rule no more than 2%.Local popular banks TBC and Bank of Georgia, Liberty Bank are often found in Georgia. If the deposit on the card is foreign currency, then the "golden conditions" will help.There should be change in your pocket for public transport expenses, for shopping at the market, and so on.Another nuance on bank settlements. It should be understood that there are two types of commissions. One option is when the interest is withdrawn by your bank that issued the card. Another option is when you are charged for servicing your card at someone else&#x27;s ATM.

Question 11

Which currency is popular and more profitable when exchanging in Tbilisi?

Accepted Answer

Tonya.The first trip to Georgia, we tuned in for a good rest and positive impressions. The city of Tbilisi. Tell me about currency exchange, which money is preferable to take with you? How is the exchange in the capital?Georgy.I went with the ruble currency. There were no problems, exchange operations are available to everyone in Tbilisi, given the flow of tourists, this moment has been worked out and is well developed. The exchange was done in several banks.I didn&#x27;t change everything at once, as needed. The exchange rate changes every day, it doesn&#x27;t jump much, but in one of the exchanges it was nice to get 50 lari for a thousand. Usually they give 46-48 lari for a thousand.That is, there is no special run–up, but as they say, a trifle is pleasant. Rubles are exchanged in banks, at money changers, at exchange offices in the same way as dollars, euros.I saw the first exchangers before the capital, in a large village after the Russian-Georgian border, in Stepantsminda. And the exchange rate for the ruble, there they give 45.70 lari for 1,000 rubles. By the way, small tetri coins are also needed in your pocket – travel, small purchases.Banks in Large cities of Georgia accept Turkish lira, Azerbaijani manats, Chinese yuan and even Ukrainian hryvnia for exchange. There is a currency, there is an exchanger.)Yuri.The answer is simple, as in any other state, Georgia has its own national currency – the Georgian lari. The dollar, ruble and euro are not officially used to pay for goods or services.Privately, of course, you can negotiate, but there is a loss in money, the rate is usually much lower than average in such cases. Without problems and labor, the city&#x27;s exchangers will accept currency of any rank and exchange it for the one you need.It is considered the most profitable in a trip to Georgia – the dollar, its exchange rate today for $ 100 is 340 lari, for 1000 rubles - 46 lari, for 100 euros – 414 lari. Georgians have a dollar quoted more, they treat it favorably and are ready to take it away)), cooperate: sell something or take payment, again privately. The course, as you understand, is falling, as I said above.Tbilisi is teeming with exchangers, banking services. You don&#x27;t have to look for much, only a reference point for course signs is a more favorable price. Unpleasant cases of fraud have become more frequent, avoid exchangers without identification marks and without a sign about the current exchange rate.Even the guides, local residents drew attention to the theft and illegality of actions in some exchange offices. Georgia, the people are sociable, people are friendly and hospitable, so do not hesitate to contact and ask where and what. As in any other city, the locals know more and will give advice on where to turn better.One of the nuances you need to know about is the commission, the percentage of exchange. Hidden from your eyes, how will it be protected? Always ask how much for such an amount you will be given on hand, specify – be scrupulous.The more attentive you are, the more whole your money is. In a couple of days, you will get used to it and understand that science is simple, it just requires care. I had an experience with a cashier who did not understand Russian. I showed the bill and asked to show the amount due to me on the calculator. So they did, they did not change it – the percentage of service at a high rate turned out to be 2.7 of the amount.I found a more profitable option, since there are enough of them in Tbilisi.Bank branches give a good rate, just a little bit below the exchangers, it&#x27;s safe here, the risk is minimal here. Their work schedule is only until 17:00, there are round-the-clock, but here the course is slightly below average.To change in the department - you need a passport. That is, if you need to change urgently, then you need to remember about the operating mode and carry the document with you.We will also discuss the option with street money changers, yes, this method still exists! The riskiest option in an unfamiliar city is almost blind. This is from Soviet times, the so–called deal - "with hands".The main trump card in this variant is a high rate, the rest is for luck. Turning to a money changer on the street, you solve your question outside the law. There may be problems with representatives of the law, and serious ones, what kind of rest? Spoiled! And of course - wherever, no matter how often there are scammers.It is here that fake money, deception with the course and the final amount, staged scenes – a whole theater of problems! Even in the most extreme case, it is not worth wasting time and money on this dangerous type of currency exchange. Just about this: better less yes better!Total: take whatever currency you have, because you can exchange any. Preferably, as it turned out, a dollar. Use proven methods of exchange – a bank branch, an exchanger.Yes, payment by bank card is also relevant, only you need to clarify how much your bank charges for operations in Georgia. There are options to get a good cashback, the main thing is the details and nuances on your card, on the bank. Fuel services, that is, refueling is one of the points that will bring the so-called "rollback".Good exchanges and vivid impressions!

Question 12

Will you need a Russian credit card in Georgia?

Accepted Answer

Valeria.With large, large cities, the situation is clear, but in the outback is it possible to pay with a bank card? Or is it better to have cash with you there?Yuri.The convenience of a credit bank card is difficult to overestimate, there are a lot of advantages. From a practical point of view, it is not always possible to use this convenience. Yes, indeed, in a large city, village there are enough ATMs and points equipped for payment by bank card.There will be no problems with cashless payment, in remote locations the situation is exactly the opposite. Cash is a priority here.The bank card also has a minus, the percentage of servicing in another territory and the percentage of another bank to which you apply while in Georgia. Cash payment is closer and more convenient for a local resident. This is the situation in the country in general, even in the capital, in Tbilisi, things are exactly like this.The attitude of the locals is clear, there are fewer worries with cash, especially in the outback. The Georgian authorities are making efforts to change the situation in favor of bank cards, but who is still there.The thinking of the population is being rebuilt, but the process is slower than the desired pace. The government&#x27;s main bet now is on the younger generation and the gradual transition to non-cash transactions.When going on vacation, of course, take credit cards on a trip, but you must also have cash with you. Even in a large supermarket, the terminal can be, and not work. The stock of cash in the outback is very relevant.As a rule, in remote places, these are private relationships, transactions. And you can negotiate with a private trader even for a currency settlement at an acceptable rate for both sides, with a bank card – a problem that is often unsolvable.Therefore, take both cash and cards with you, situations are different. Agree beforehand, so you will save yourself from disappointment, and rest from unnecessary fuss and problems. Prepare the sleigh at home)) and you will have a quiet leisure!Marina.There are no guarantees against problems with credit card payments, it can be in any country, in any state. Developed Germany, there is still no cashless payment in the outback, people prefer cash.And to buy milk and eggs from my grandmother in the village and offer to pay by card?A friend was vacationing in Batumi, of course the card is accepted everywhere there, so this is the Mecca of tourists.A reliable solution is to arrive with the currency (euro, dollar) in the exchanger to exchange for local lari. The population will accept payment in their native currency, it&#x27;s good for them, you too. Going to the village, only with cash you can be confident and satisfied with vacationers.The stock of cash should be calculated, because there is no all-helping ATM in the outback, and there may not be in nearby villages, even in medium-sized towns, not always.

Question 13

Traveling to Georgia, what currency should I take with me? Where is the exchange possible? Tips and reviews of tourists.

Accepted Answer

Are you going to Georgia? Welcome!And the first tip is to study information about people, about the national currency. The monetary sign of this state is lari. We translate, the meaning is: heritage, property. There are a hundred tetris in one lari.The calculation for a tourist is very simple, about one hundred lari per day per person. The country is inexpensive, services and goods will be cheaper than at home in Russia.It is not recommended to pay in rubles, dollars, euros. Officially, this cannot be done. Privately, you can negotiate, but not in the interests of the tourist. Everything is paid for by local lari. However, the population welcomes the dollar as the most significant of the currencies.Currency exchange in Georgia, where is it better? More profitable?There are practically no problems in this matter. A tourist who often visits this country changes money at home, from rubles to lari. There are a lot of exchange offices and bank branches specializing in currency transactions in Georgia. Therefore, you have not changed houses, you will do it here.You can leave some amount in the currency on the credit card. Large cities work with cashless payments, the main thing is to know how much it will cost you. It is better to find out what percentage your bank takes and how much the Georgian bank will take from you while at home, so that there are no unpleasant surprises. Cash is definitely needed in the village, it is in your interest to pay with the help of the local currency – lari.The population will willingly accept a dollar and a euro from you, even a ruble, but it is expensive and very unprofitable for you. The course will be below average, be prepared for this.Money exchange is possible in different places, namely:В банке.In the shop.At the exchange office.At the airport, at the train station.Street money changers with a good rate and a deal "with hands" are not an appropriate option. They will be deceived here, and it will be impossible for you to complain. Fraud thrives precisely among the outlaw exchanges.Some terminals have set a limit – the maximum amount for one meal is 300 lari, today it is about 6.500 rubles.It is better to divide the money: part on the card, cash – lari and tetri, the other part. Plus the foreign exchange reserve, in dollars, in euros.Life hack in Georgian:It is easy to calculate a favorable rate, knowing the average.Small lari and tetri do not burden your wallet, but give you more opportunities and even save your money.A deal with street money changers is a road to good luck, and a rare one.The Taxi Free program, you need to know the stores that participate in the program. The money is refunded when buying more than 200 GEL.Entry with dollars, euros or lari is a more profitable option.Is it possible to save money for a tourist in Georgia? Some tips on how to do it!- pre-ordered tickets, participation in airline discounts, special offer;- luggage without a preponderance, you will not have to pay twice;- by hiring a taxi, you can find fellow travelers and bargain, it is possible to bring down the price;- new trends - the bike is good in a big city; it&#x27;s easy to move around and you can pump your health and explore the surroundings, and parking is the biggest plus;- the hostel is several times cheaper than hotels and inns;- couchsurfing gives an opportunity to better study national traditions;- a tent in this sunny region is most welcome;- take care of the connection, do not overpay for roaming and for the Internet.

Question 14

About income tax in Georgia in detail

Accepted Answer

Who is a payer of income taxA resident individual, that is, an individual who has actually been in Georgia for 183 days or more during any continuous 12 calendar month period;A non-resident individual receiving income from a payment source existing in Georgia.What is the taxable income of a resident individual?Taxable income is the difference between income and expenses received during the calendar year.What is taxable income for a non-resident individual?Taxable income is the difference between gross income and expenses received in Georgia in connection with a permanent establishment during a calendar year.The joint income of a non-resident individual that is not related to his or her permanent establishment is taxable at source without a deduction (expense deduction).A non-resident individual who receives income from the sale of property shall pay income tax on the gross income received in Georgia during a calendar year, less the expenses incurred in earning such income during that period.Income tax ratesTaxable income received by resident individuals who are not subject to taxation with an existing source of payment in Georgia is taxed at 20 percent.Withholding income tax is taxable at source:Salary - 20%Dividends - 5%Interest - 5%Royalty - 20%A non-resident individual is taxed on Georgian source income without deduction of source of payment at the following rates:Dividends - 5%; - Interest - 5%; - Amounts paid by an enterprise, organization and/or business entity for international telephone communication services and international delivery services - 10%;Income from non-resident subcontractors - 4% from non-resident subcontractors engaged in oil and gas operations under the Georgia Oil and Gas Law;Amount of rent paid to an individual - 5%; - Other amounts considered income earned in Georgia - 10%. - wages and salaries - 20%Individual entrepreneurs engaged in business activities, at what rate should they pay current (prepaid) income taxes?Entrepreneurs engaged in business activities are required to include the amounts of current payments to the budget for the annual tax for the last tax year in the following amount:No later than May 15 - 25%No later than July 15 - 25%No later than September 15 - 25%No later than December 15 - 25%.When should I file and pay my tax return?The annual tax return is due by April 1 of the following year and must be paid within the same period;The deadline for filing the annual tax return is no later than 30 business days from the date of termination and is due and payable within the same period;The deadline for filing the income tax return is at the end of each reporting period, no later than the 15th day of the following month, and the payment is due upon payment.What should we do when taxable income decreases from the previous year?If the taxpayer&#x27;s current tax is reduced from the expected taxable income (profits), including tax on a reduction of at least 50 percent, the reduction of the previous tax year income (profits), and to inform him of the current tax payments due before notification to the relevant tax authority, the taxpayer has the right to reduce or not pay current taxesWhat type of income is exempt from income tax?Grant, state pensions, state compensation, bonuses, cumulative and refundable non-state pension plan pension payments made; stipend, allowance and lump sum payments are budgeted and/or money is taken from the reserve funds budget;Surplus received from a residential home (house), land assigned to it, for sale over 2 years;Surplus received from the sale of a car owned for more than 6 months after registration;Surplus received from the delivery of assets owned for more than 2 years if the asset was not used for business activities prior to disposal; In addition, the use of assets in business activities should not be considered after 2 years of delivery and/or ownership of securities/shares solely for the purpose of receiving dividends and interest;The value of property received as a gift or inheritance by heirs of the first and second line during the tax year;The value of property received as a gift, up to GEL 1000 during the tax year, excluding the value of property received by the employer from the employer.What are the benefits of income tax?Income tax is not levied on the following taxable income received by individuals during the calendar year, up to 3000 GEL:Persons with disabilities from childhood, as well as persons with severe and significant disabilities;Citizens of Georgia who participated in World War II and wars for the territorial integrity of Georgia;A person who holds the honorary title of "Mother of Cartwheel";A single mother;A person who gave birth to a child (within 1 year of adoption);The person who raised the child. In addition, income tax on taxable income up to GEL 3,000 during the calendar year is reduced by 50%;Taxable income earned by a major resident of a mountain region (depending on three or more children under the age of 18) in said region;One or two children residing in the highland region (dependents of one or two children under the age of 18) are taxable in the region.How do I apply for the tax credit?To apply for an exemption from tax, the employed person submits to the employer a certificate issued by the tax authority and a document confirming the exemption.If there is more than one job, the source of the payment where the allowance will be distributed is determined by the employed person.

Question 15

VAT in Georgia - detailed information

Accepted Answer

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Question 16

All about Georgia taxes in 2023

Accepted Answer

For every businessman, the level of taxes imposed by the state is important. Georgia has one of the most loyal tax systems for entrepreneurs, including foreign citizens.Let&#x27;s find out together what taxes exist in Georgia, and why businessmen are happy to transfer their companies to this country.The main types of taxes in Georgia in 2022In order to understand Georgia&#x27;s tax system and its charges, you must carefully study the laws, codes, and other legal acts. Profitable businesses are formed thanks to a system that is controlled by the state. At the same time, legal statuses of virtual and free industrial zones are formed. They have special conditions for paying taxes.Value added taxThis type of tax has not changed much since 2008. It is 18%, and a number of goods and services are not taxed.On the profit of the organizationIf the profit of the company is specified, the tax will be 15%, in the case of reinvestment of profits to further develop the business, no tax is payable.If the profits are sent to the business owner&#x27;s account, then he pays extra tax on dividends from this amount.For dividendsThis type of tax always goes along with the withdrawal of company profits to the account of the founder. Thus, the owner of the company pays both profit tax and dividend tax at the rate of 5% of the amount withdrawn.Income taxThe standard tax imposed on all employees is 20%. In this case, the amount is accrued under the Estonian system, in which the actual value after payment is 25%...There are no social payments, and pension payments are accrued only for residents of Georgia.Import taxDepending on the category of goods and the country for import, the amount ranges from 0 to 12%.Tax at sourceVarious transactions of non-residents of Georgia with sources that do not have a permanent establishment are subject to this tax without deductions. The rate depends on the type of services rendered, the maximum amount being 15%.It is important to understand that there is an agreement with a number of countries, according to which if you pay tax in one country you are exempt from them in another.On PropertyReal estate is also taxed, but the rate depends on the region and several other aspects. The amount varies from 0 to 1%.ExciseThe excise tax is actually paid by the consumer because it is built into the price of the goods. The rate is quite different and is not fixed by the state.Filling out your returns correctly, understanding the structure of the country&#x27;s tax system, and knowing about the taxes that apply in Georgia in 2023 allows entrepreneurs to run a successful business in Georgia.Familiarize yourself with the laws, use the services of lawyers, and develop your own profitable business!

Question 17

Changes in the taxation of Georgia in 2021

Accepted Answer

Business conditions in Georgia are getting easier and better every year. Regular legislative updates allow not only citizens of the country, but also non-residents of Georgia to keep their companies.What changes have been made to Georgia&#x27;s tax system in 2021 to address the problems caused by the coronavirus pandemic, we will look at in this article.Automatic VAT refundThe Georgian government has introduced a decree, according to which excess VAT will be returned to the current account of the one who works with the right to offset VAT.This approach makes life easier for taxpayers, because the tax will be refunded automatically, without additional inquiries or excessive bureaucracy.Bureaucracy is not common in a country like Georgia. That is why small and medium-sized businesses feel comfortable, even in conditions of COVID-19 restrictions.New requirements for the payment of VAT in GeorgiaNew rules for VAT calculation came into force in Georgia at the beginning of 2021. The amount of VAT has not changed and amounts to 18%, while it is obligatory for a taxpayer to register when the level of income exceeds GEL 100,000.Return value-added tax arises when a resident of Georgia uses the services of a non-resident. It is also 18%.The territorial system of taxation is still in force. That is, if the services are rendered outside Georgia, they are not subject to VAT.The innovations concern the determination of the location of the taxation object and this is a direct determinant for whether the services will be taxed with VAT or not.According to the current legislation:services related to real estate are determined by the location where the real estate is located,services related to movable property, in the field of culture, education, art or sport, or additional transportation services are determined by the place where they were actually rendered,transportation services are determined by the place where transportation begins, except for passenger transportationservices rendered to those who work under the management of an organization registered abroad, the place of service rendering is determined outside of the country.Thus, the latter point applies to a whole list of services provided and they are not subject to value added tax. However, those taxpayers, who provide services that are not included in this list, must pay VAT. At the same time, they do not have an opportunity to return it, because they are taxpayers in other states.The changes in taxation in Georgia in 2021 are beneficial to freelancers, foreign owners of companies that are on the list of current laws.Learn the laws of Georgia, start your own business in the country that is considered the most affordable place to do business! The Madloba Directory is happy to help you do just that!

Question 18

How often does the exchange rate of the Georgian lari change?

Accepted Answer

The exchange rate of the Georgian lari, like that of any other currency, can change due to various factors, such as the economic situation in the country, political stability, global economic trends, and market ...

Question 19

It is impossible to withdraw lari from Sberbank's bank card in Georgia

Accepted Answer

Almost all cities of Georgia DO NOT ACCEPT Sberbank, VTB, Tinkoff and other bank cards, the only exception is not and payment cards of the MIR system.But there are no complaints about banks outside Russia and B ...

Question 20

Transferring funds to Georgia from Russia and other countries

Accepted Answer

In January 2022, the National Bank of Georgia published official statistics on money transfers, which stated that in 2021, a historic maximum of transfers was reached, with a total of more than $1.7 billion tra ...

Question 21

Differences in the exchange rate of lari at banks and exchange offices on the street

Accepted Answer

By exchanging $100 at the bank for lari, you can expect to receive 300 lari, while exchanging on the street will get you 304-305 lari. The difference is not very big, but it&#x27;s still nice to get a little ex ...

Question 22

Nuances of currency exchange in Georgia

Accepted Answer

There are practically no pitfalls or unpleasantness when exchanging currency in Georgia, and no locals are trying to cheat you. Perhaps you will not be pleased to receive old and worn cash during the exchange,  ...

Question 23

Is a passport required for currency exchange in Georgia?

Accepted Answer

Documents are required in the bank during currency exchange, while street money changers do not require a passport or other documents from you. In addition, a passport or other identity document is also require ...

Question 24

Is it easy to exchange rubles for lari?

Accepted Answer

It is very easy! There are only a few options to exchange rubles for lari in Georgia. The first option is at a bank branch cash desk, for which you need an identity document. The second option is with street mo ...

Question 25

Today's exchange rate of the lari to the ruble, dollar, and euro

Accepted Answer

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Question 26

The exchange rate of the Georgian lari in Moscow

Accepted Answer

Buying or selling Georgian lari in Moscow or other cities in Russia is not very profitable, so it&#x27;s best to exchange money in exchange offices in Georgia. Currently, exchanging money in a bank in the capit ...

Question 27

Currency converter in Georgia

Accepted Answer

Currency exchange rates are updated every minute, so it&#x27;s important to know the accurate figures before exchanging. A currency converter will help you navigate prices and carry out calculations, for exampl ...

Question 28

Which currency should a tourist take to Georgia?

Accepted Answer

A very frequent question is which currency to take to Georgia. Firstly, you don&#x27;t have to worry as all currencies are accepted here - dollars, euros, rubles, etc., and it&#x27;s not difficult to exchange t ...

Question 29

What money should a tourist bring to Georgia?

Accepted Answer

It is best to bring a bank card and a couple of hundred dollars when traveling to Georgia. US dollars are not accepted in Georgia, but they can be exchanged at the airports in Tbilisi, Batumi, or in any other c ...

Question 30

Why does a tourist need Georgian coins?

Accepted Answer

In Georgia, there are two denominations of coins for lari, which are 1 lari and 2 lari. There are also tetri - (cents) - which come in 50, 20, 10, and 5 denominations. It is said that there used to be 1 tetri,  ...

Question 31

Where can you buy lari at a favorable exchange rate?

Accepted Answer

I recommend buying lari from money changers on the street, especially if it&#x27;s small amounts, for example, $100. Why is that? When you think of exchange offices in Russia, Belarus or Ukraine, you immediatel ...

Question 32

Are there ATMs and payment terminals everywhere in Georgia?

Accepted Answer

There are a huge number of ATMs in Georgia, especially in large cities, some of which have menus in Russian and English. Moreover, almost all ATMs operate 24/7, as they are located inside bank buildings in secu ...

Question 33

Currency exchange in Georgia - where to check the exchange rate of lari?

Accepted Answer

Before traveling to Georgia, it is important to pay attention to the topic of money: how they are handled, exchange rates and currency stability, denominations of banknotes, and other equally important details. ...

Question 34

Money transfers from Russia and Ukraine: alternative to Paypal money transfer

Accepted Answer

Modern financial services allow you to perform almost all the required operations. Independently online in any place convenient for you, you can transfer money, pay for a loan, top up a bank card and get a loan. There are many alternatives to the Paypal application in Georgia.1. Golden Crown is a system of payment services that helps to solve tasks as quickly and simply as possible, such as sending or receiving money transfers; repayment of loans; replenishment of bank cards.The main task of the system is to provide people with convenient and reliable payment services based on innovative technologies and modern ways of servicing.You can use the services via the Internet: make an online transfer directly on the system&#x27;s website or in a mobile application.And you can come to any of the service points closest to you – Zolotaya Korona cooperates with many banks and retail chains. The official website of the Golden Crown will help you quickly and simply choose a partner point that is convenient for you.The geography of the payment services system is constantly updated with new states: money transfer services are represented in the vast majority of CIS countries, in Europe and Asia.2. Advcash is part of the ADV ecosystem. ADV wallet helps you receive, send, spend and exchange funds wherever you are. Make local and international transfers.3. Intelexpress is a system of international money transfers without opening a bank account. IntelExpress partners are international money transfer systems and leading banks in Georgia. The success of this system is based on high-quality customer service.

Question 35

Cash withdrawal from the Tinkoff card is impossible!!!

Accepted Answer

While in Tbilisi, there are several options for withdrawing cash with a minimum commission, including from the Tinkoff card.For example, there is no commission in TBS and VTB banks if you withdraw at least 100 lari, but the amount should not exceed 5000 lari in the reporting month. In Cartu bank - 1000 lari is withdrawn without commission from the laurel account. In Liberty, you can also withdraw lari without commissions.If you withdraw in dollars, then Basis, there is up to $ 5000 in the reporting period without commission. Sakartvelos Bank — up to $ 500 with a commission of $ 1, and in TBS $ 10 for a similar amount.Even more additional information about currency exchange operations can be found in the Madloba online catalog.Tell us in the comments how you withdraw cash from the Tinkoff card.

Question 36

Transferring a large amount to your account from a Russian bank to a Georgian one: which reliable bank to contact to transfer money from the sale of an apartment, pitfalls when transferring large amounts.

Accepted Answer

Raiffeisenbank: You open an account in Russia, provide a contract of sale. Opening an account in Tbilisi (any bank you are comfortable with). You receive confirmation that the bank in Tbilisi is ready to accept the money. You are making a translation.VTB Bank:1% is charged for transferring money from a Russian bank. If the amount is large, it is better to split it into several payments. There is a limit for transfers to Georgia, 30,000 dollars in one payment. You send a Swift transfer and immediately a letter to the bank indicating your UIN, name and contract, for which you transfer. For currency control, to this email: doc_ovk@vtb.ru (only if VTB). You need to find out from each bank where to send the contract, otherwise they will block it and the money will be returned to you.3. Tinkoff:You can transfer quite large amounts, moreover, no one needs to be notified if from card to card. Who needs it - and so they will see you. And you can withdraw from Tinkoff at least every day via basis atm, without interest. On the Russian card, you set the main currency - dollars / euros. You can also withdraw lari, so as not to run around the exchangers, but then Tinkoff himself converts at his own rate.Swift transfer Tinkoff came to TBC in a couple of hours and a $15 commission.4.In general, you can use Swift transfer (in any bank that uses this system), the maximum commission is limited ($ 200). The money is received within 3 working days. Currency at your discretion: dollars or euros. The Financial Monitoring Service may request documents on the source of funds, in which case there will be an apartment purchase and sale agreement.

Question 37

Money withdrawal from paypal: terms of money withdrawal, amount of commission for money withdrawal

Accepted Answer

Our specialists often receive questions related to the possibilities of cashing bank cards, options for withdrawing funds from online.The Madloba catalog team has prepared important information for you about paypal&#x27;s work in Georgia and tried to answer the most frequent questions from readers.The PayPal payment system is widely distributed around the world.If you have PayPal issued in Georgia, then you will receive the money in Lari, there is no other option here. And their exchange rate is not the best. But if PayPal is issued abroad, you will receive it in dollars.The transfer fee is $5 for any amount.You can withdraw money immediately, but they only land on the account within 3 days.If the amount exceeds $ 5,000, then TBC starts going crazy and demanding documents, and sometimes blocking accounts. Therefore, it is better to split large transfers into smaller ones.Do you have additional information on the issue of withdrawing money from PayPal? Share it with us in the comments.You can find more detailed and diverse information on banking and finance issues in the Madloba online catalog.

Differences in the exchange rate of lari at banks and exchange offices on the street

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