Frequently Asked Questions
Yes, offshore banking is completely legal, as long as you comply with your home country’s tax laws and reporting requirements. Offshore accounts are often used to diversify assets, protect wealth, and take advantage of banking systems in stable jurisdictions. However, you are required to declare your offshore accounts to relevant tax authorities, and failure to do so may lead to legal consequences.
Yes! A Power of Attorney (POA) allows you to appoint someone to act on your behalf for specific tasks, such as opening a bank account. With a POA, we can facilitate the entire bank account opening process on your behalf without you needing to travel. All required steps, including document submission and verification, are handled by us with your authorization.
We will help you obtain a notarized and apostilled Power of Attorney document, and a copy of your passport. Our team can guide you through the specifics based on your location and the bank’s requirements.
The process is highly secure. The POA is a legally binding document that outlines the exact scope of the authority you are granting. It is limited to specific actions, such as opening the account, ensuring your assets and personal information remain protected.
Yes, once the account is opened, full control is transferred to you. You will have access to online banking, multi-currency accounts, and all other features provided by the Georgian bank.
Using a POA saves time, eliminates the need for travel, and allows you to benefit from Georgia’s secure and stable banking system remotely. It’s an efficient way to diversify your financial portfolio while ensuring compliance with legal requirements.
The process usually takes 1 to 2 weeks, depending on the bank and how quickly all necessary documents are prepared and verified.
We will complete each step as your designated attorney, from preparing the POA to liaising with the bank and ensuring that your account is set up correctly. Our team is available to answer any questions and provide ongoing support throughout the process.
We will complete each step as your designated attorney, from preparing the POA to liaising with the bank and ensuring that your account is set up correctly. Our team is available to answer any questions and provide ongoing support throughout the process.
Simply book a free consultation with us! We’ll assess your needs, explain the process in detail, and assist with the preparation of all necessary documents to make your remote account opening as smooth as possible.