The Government of Georgia is introducing a new initiative that aims to turn Georgia into a regional financial centre and attract more investors to the country.
The initiative will introduce the concept of electronic residency, which will allow citizens of 34 countries to electronically register their companies and open bank accounts in Georgia, Prime Minister Mamuka Bakhtadze announced today.
We are introducing the practice of electronic residency that will enable the citizens of 34 countries to electronically register their companies and open bank accounts in our country. All these 34 countries are economically developed… All agencies will be given tasks, while a draft law of the amendments will be sent to the Parliament of Georgia”, said Bakhtadze.
Bakhtadze stated that the goal of the government is to have this service launched from 1 January 2019.
“Today we will have a meeting with representatives of businesses, where we will discuss the details of this historic initiative”, Bakhtadze said.