15 per cent, 60 working days: the half of CRD VI already in force
Article 27a CRD VI puts bank acquisitions, asset transfers and mergers under supervisory control — since January 2026, and in Germany since April.
Blog
Insights on company formation, banking and taxes in Georgia.
-
-
Transferring a share in a Georgian LLC: it takes effect on the register
Transfer needs no consent, and the statute knows no pre-emption right — but the transfer takes effect only on registration, and the seller stays liable.
-
Employment contracts in Georgia: thirty days’ notice — or three
Written form only above one month, ten mandatory terms, a six-month probation period and a notice period the employer may shorten by paying for it.
-
Data protection in Georgia: the State Audit Service took over in March 2026
Georgia’s data protection law has no market-place criterion and caps fines at 10,000 lari — and since 2 March 2026 the supervisory authority has changed.
-
Licences in Georgia: whoever fails to decide has granted
The catalogue of activities needing permission is exhaustive, and no other statute may extend it.
-
Georgian contracts: the arbitral award travels, the judgment does not
Choice of law in Georgia is freer than expected and bounded more sharply in one place. On forum, one clause is routinely set wrong.
-
Tax disputes in Georgia: two stages, and no suspensive effect
Thirty days from service, a two-stage procedure inside the Ministry of Finance — and an appeal that does not hold up the assessment it challenges.
-
Who may advise you in Georgia — and who may not
Georgia barely regulates advice but regulates representation sharply. Where the line runs — and why the common rule of thumb fails in criminal matters.
-
Getting an EIN without an SSN: the route for non-US persons
The Employer Identification Number is a precondition for every US filing — and the online application is closed to you.
-
Deposit insurance in Georgia: GEL 50,000 per bank
Since April 2026 Georgia covers GEL 50,000 per depositor and institution. What that means against the EU, and what the ceiling does not cover.
-
A business account for the Georgian structure: what banks require
A business account is not a continuation of the personal one. It attaches to the registered entity, to a visible activity and to named signatories.
-
Why Georgian banks say no — and what helps beforehand
No provider can guarantee an account opening. What banks actually examine, which profiles fail, and which preparation measurably improves the odds.
-
A Georgian TIN: what the tax number does — and what it does not
Everyone who registers in Georgia gets a tax number. It is not proof of residence. That difference decides bank references and treaty benefits.
-
US LLC, CRS and FATCA: what is reported and what is not
FATCA runs one way, the common reporting standard the other — and the US does not take part in the latter.
-
Form 5472: who has to file, and what 25,000 USD buys you
The US reporting duty that catches almost every foreign-owned LLC — with no US income and no tax due.
-
Financial statements in Georgia: who files, who gets published
Every Georgian company files its annual accounts with SARAS by 1 October — including the smallest. Publication starts at category III.
-
Binding rulings in Georgia: what they do — and what they cost from 2027
A binding ruling under Art. 47 of the Georgian Tax Code binds the authority for as long as you act on it.
-
11 January 2027: What Article 21c Actually Prohibits
From 2027, third-country banks need an authorised branch to take deposits or lend in the EU.
-
Annex 4: the seven items — and the list in circulation
Georgian Small Business Status excludes seven activities. The English list with "financial services" quoted everywhere is not in the Resolution itself.
-
Prop-trading payouts and Georgian Small Business Status
Payouts from futures proprietary-trading programmes can be turnover of a Georgian individual entrepreneur under Small Business Status — 1% instead of 20%.
-
Moving Within the EU: The Judgment Travels With You
Bulgaria taxes income at 10 percent — and throws in the EU Service Regulation, the European order for payment and enforcement without exequatur.
-
Georgian LLC, German Residence: the Active-Income Test
Anyone living in Germany who controls a Georgian LLC cannot avoid §§ 7–13 AStG. The substance defence is closed to third countries.
-
Wise account in Georgia: the FAQ for foreigners
Wise in Georgia 2026: which proof-of-address documents Wise accepts, why tax residence is only a self-certification, and where Stripe and PayPal say no.
-
Reversed Burden of Proof: When Doubt Counts Against You
The Bundesrat wants to flip the direction of proof for confiscating assets of unclear origin.
-
Priced in Dollars, Paid in Lari: Georgia's Currency Rule
Prices may be agreed in dollars in Georgia — settlement happens in lari at the official rate. What that means for property purchases, rent and contracts.
-
Taxing Georgian Interest: Georgia Takes Nothing, Your Tax Office Does
Bank interest is untaxed in Georgia — the bill arrives at home. German flat tax, Austrian KESt and the currency-gain trap on foreign-currency accounts.
-
Withholding Tax in Georgia: 5, 10 or 15 Percent — and When Zero
Georgian withholding tax 2026: 5% on dividends, interest and royalties, 10% on services, 15% for blacklisted jurisdictions — and the exemptions that matter.
-
Ad Disclosure: a EUR 37,803.50 Fine — Then Insolvency
A EUR 36,000 fine from the LFK, EUR 37,803.50 in total, then insolvency: what the case teaches about ad disclosure under § 22 MStV and § 5a(4) UWG.
-
Georgian Company, German Authorities: What Actually Counts
Place of management, market-effects principle, Art. 3 GDPR: four regimes tested — where a Georgian company holds up and where only a genuine relocation helps.
-
Chat Control: Rejected Twice, Then Adopted
On 9 July 2026 the European Parliament voted to reinstate the lapsed derogation until 2028 — enabled by a procedural vote of 331 to 304.
-
Austrian Bureaucracy: EUR 20 Billion, 75 Trades
Bureaucracy costs of 2.6 to 3.8% of GDP, 75 regulated trades, 722,875 compulsory chamber memberships — and almost 7% of staff capacity tied up in regulation.
-
Bureaucracy: 96,876 Rules, 25% of a Founder’s Week
EUR 64 billion in bureaucracy costs, 96,876 provisions in federal law, founders losing a quarter of their week — and EUR 150 million in net relief.
-
EUR 10,000 from July 2027: What Actually Applies
The EU cash ceiling takes effect on 10 July 2027 — for commercial payments only. From EUR 3,000 an identification duty applies on top.
-
Three Months That Become Thirteen
On 22 April 2026 the German cabinet adopted three-month retention of IP addresses and port numbers.
-
10 Questions Every Serious Asset Protection Provider Must Answer
Vetting asset protection providers: 10 questions every serious firm must answer — from source of funds to CRS to clawback periods. With benchmarks.
-
"Stateless" Is Not a Solution — It Is a Banking Problem
The perpetual traveller fails not on tax but on onboarding. Every bank wants an address, every report a tax number, every treaty a residence.
-
US LLC Compliance Checklist: All Annual Obligations
US LLC compliance checklist 2026: Form 5472 + 1120, deadlines, Wyoming Annual Report, W-8BEN-E, and BOI status — every obligation in one calendar.
-
Liquidating a Company in Georgia: An Orderly Exit
Liquidate a company in Georgia (country): LLC liquidation, I/E deregistration, share sale or US LLC dissolution — steps, checklist and typical risks.
-
What You Have Read Wrong About the Georgian Work Permit
The permit requirement has applied since 1 March 2026 — but founders and shareholders without an operational position fall outside it.
-
Asset Protection in Georgia: Legal Wealth Structuring
Legal asset protection with Georgian structures: LLC holding, non-EU second account, fully CRS-transparent. Rules, limits and pricing — May 2026.
-
Remote Formation: A Video Call Instead of a Notary — Day by Day
Power of attorney, online notary by video, apostille, filing at the Public Service Hall. Seven business days to an operational company, without travelling.
-
Georgia Work Permit 2026: New Rules & Exemptions
Georgia work permit 2026: Special Labour Activity Permit since March 1, exemptions under Law N1509, deadlines, fees and fines — a factual guide.
-
Apostille & Remote Notary: Documents for Global Setups
Apostille for Georgia, remote online notarization for US documents and express courier logistics: how paperwork for company and bank setups runs smoothly.
-
Accounting & Compliance in Georgia: The Annual Calendar
Accounting in Georgia (country): all filing deadlines for I/E and LLC — monthly returns, annual reporting, US LLC compliance and typical mistakes.
-
Open a Bank Account in Georgia: Remote & Honest
Open a bank account in Georgia 2026: remote via power of attorney, multi-currency at BoG/TBC/Liberty, CRS reporting since 2024 — explained honestly.
-
Georgia 1% Tax 2026: Small Business Status Guide
Georgia 1% tax explained: how freelancers use Small Business Status, the new rules from early March 2026, pitfalls, and how registration works.
-
CRS and Georgia — what your home tax authority sees (and what it does not)
Georgia implemented the Common Reporting Standard in 2023; the first automatic exchange ran in 2024. What that means for your filing in Germany or Austria.