First, you will meet a lot of restrictions from your georgian bank. Transfers in/out outside Georgia will go through heavy scrutiny and easily refused if the monkey does not understand or simply is in a bad mood.
I'm a client for over a year and have no complaints. I understand well that this is not exactly Switzerland or Singapore but for low 5 figures deposits as checking account they serve the purpose.
id be very careful as the restrictions often happens to be retroactively applied as well today. So Id restrict it to foreign accounts ready to be lost.
A guy working as a C-level of an EMI told me that Banking Circle suspended their client's USD payments to/from Georgia about four months ago.
It seems that Georgia already in the black-list of Banking Circle and its Correspondent Bank : (
Not that I have noticed. Georgian banks can be very picky when it comes to business transfers, often wanting a lot of supporting documentation. Most expats seem to use Wise and/or crypto for personal transfers.
The EU will continue to try to meddle in Georgian politics but we are yet to see if the next US administration will stop the shenanigans from their end.
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