“The Account Works, but the Card Doesn’t” Many foreigners who open bank accounts in Georgia report that while account opening itself is relatively smooth, debit card usage can be unexpectedly restrictive. These issues are particularly common for non-resident account holders, who may face limitations not immediately explained at the time of account setup. Common Debit Card Issues for Non-Residents Non-residents frequently encounter problems such as declined online transactions, regional usage restrictions, sudden card suspensions, or repeated requests for additional verification. These are not system errors, but outcomes of banks’ compliance and risk-control policies. Why Non-Residents Face More Restrictions From a bank’s perspective, non-resident accounts involve higher uncertainty. Limited visibility into residency status, transaction purpose, and cross-border activity increases perceived risk.As a result, debit card usage is often tightly controlled from the outset. This creates a gap between expectations and actual usability. Practical Ways to Reduce Friction Non-residents can minimize inconvenience by checking usage settings in advance, avoiding unusually large or frequent transactions, preparing explanations for transaction purposes, and relying on more than one payment method. Treating the card as a secondary tool rather than a single all-purpose solution is especially important. Debit Cards Have Limits Georgian debit cards work well for everyday local spending.However, for international e-commerce, subscriptions, or frequent overseas use, limitations are more likely to appear. This is not unique to Georgia, but a common characteristic of non-resident banking worldwide. Conclusion: Usability Depends on Understanding the Rules Debit card issues in Georgia are rarely insurmountable — but they do require realistic expectations. For non-residents, understanding the constraints and planning usage accordingly is key.When treated as a situational tool rather than a universal solution, Georgian debit cards can still play a useful role in personal financial management.

The Myth of Georgia as a Low-Tax Jurisdiction Georgia is often described as a low-tax country due to its simple corporate and personal tax systems. While this reputation is not entirely unfounded, it can obscure the importance of Value Added Tax (VAT), which plays a significant role in business operations. How VAT Works in Georgia VAT in Georgia is an indirect tax applied to certain transactions once a business exceeds a specified turnover threshold. It is levied on sales rather than profits, meaning tax obligations can arise even when a business is not yet profitable. This distinction is critical for anyone planning to operate in the Georgian market. Why VAT Often Comes as a Surprise Many entrepreneurs enter Georgia expecting minimal tax exposure and underestimate the impact of VAT. As a result, they may encounter situations where VAT liabilities arise regardless of operating margins, creating unexpected financial pressure. This gap between expectation and reality is what makes VAT a common issue for new entrants. Operational Impact of VAT Registration Registering for VAT changes how a business operates. Accounting becomes more structured, pricing strategies must be adjusted, and cash flow management becomes more complex. These effects are particularly noticeable in sectors such as tourism, real estate, and cross-border or digital services. Is Georgia Really a Low-Tax Country? Whether Georgia is truly low-tax depends on the business model. Companies focused on exports or non-VATable activities may benefit significantly, while businesses serving the domestic market must carefully account for VAT in their planning. The tax burden is not universal — it is situational. Conclusion: VAT Awareness Is Essential Georgia’s tax system offers genuine advantages, but only when understood correctly. VAT is not a minor detail; it is a core component that can shape profitability and operational structure. Rather than relying on general impressions, businesses should evaluate how VAT interacts with their specific activities before committing to the Georgian market.

Why “10% Interest” Catches Attention Georgia’s bank time deposits are often highlighted with interest rates around 10%, a striking figure in today’s low-interest global environment. However, focusing on the headline number alone can be misleading without understanding the conditions behind it. Is the Interest Rate Truly 10%? It is true that Georgian banks offer relatively high interest rates — but most of these rates apply to deposits denominated in Georgian Lari (GEL). Interest rates on USD- or EUR-denominated deposits are significantly lower.This means the advertised rate must always be considered together with the currency involved. The Overlooked Role of Currency Risk High interest rates come with currency exposure. Even if a GEL-denominated deposit earns 10% interest, depreciation of the local currency can offset or eliminate gains when measured in foreign currency or home currency terms. What appears attractive on paper can look very different after exchange rate movements are factored in. Why Are Lari Interest Rates So High? High interest rates are not unique to Georgia.In many emerging or smaller economies, rates are set higher to compensate for inflation, currency volatility, and economic risk. In this context, interest is best seen as risk compensation, not a free advantage. Practical Considerations for Investors Anyone considering Georgian time deposits should evaluate: Which currency the deposit is in The relative volatility of interest vs. exchange rates Investment time horizon How the deposit fits within overall asset allocation High interest does not automatically mean high returns — it usually signals higher uncertainty. Who This Type of Deposit May Suit Georgian high-interest deposits may suit investors who can tolerate currency fluctuations, use them as part of a diversified portfolio, and focus on medium- to long-term positioning. They are less suitable for those prioritizing capital stability above all else. Conclusion: Interpreting the 10% Figure Wisely Georgia’s time deposit rates are undeniably high by global standards.But the real question is not the size of the interest rate — it is how that rate interacts with currency movements and personal investment goals. Understanding the full picture behind the “10%” figure is essential for making informed and balanced financial decisions.

The Myth of “High Interest and No Tax” Georgian bank time deposits are often promoted with phrases like “high interest” and “tax-free.” While it is true that interest rates in Georgia can be relatively attractive, and local tax treatment appears simple, this perception can be misleading when viewed from a global tax perspective. Local Tax Treatment vs. Global Tax Reality Within Georgia, the taxation of bank interest is straightforward, which leads many to assume that interest income is effectively tax-free. However, this assessment only applies within Georgia itself and does not account for international reporting standards or foreign tax obligations. Why Tax Residency Matters Under CRS Under the Common Reporting Standard (CRS), the decisive factor is not where the bank account is held, but where the account holder is tax resident. Banks report account information to tax authorities based on declared tax residency, and this information is exchanged internationally. As a result, interest income may still be taxable in the account holder’s country of tax residence, regardless of local Georgian treatment. Why “Tax-Free” Is Often Misunderstood The misunderstanding surrounding Georgian deposits stems from several factors: Light or simple local taxation Outdated, pre-CRS information A focus on where tax is not collected rather than where it is owed In the CRS era, transparency has replaced secrecy, and proper reporting has become essential. Practical Considerations for Deposit Holders Anyone considering Georgian time deposits should ensure: Their tax residency status is clearly defined Interest income is assessed under applicable tax laws Account usage can be fully explained under CRS reporting With proper planning, Georgia’s attractive interest rates can be utilized without creating compliance issues. Conclusion: Beyond the “Tax-Free” Label Georgian bank deposits can be a useful tool for asset management, but only when approached with a correct understanding of tax obligations. In today’s global reporting environment, the key question is not whether income is taxed locally, but how it should be handled under the rules of one’s tax residency. Clarity and compliance, rather than assumptions, are what ultimately protect investors in the CRS era.

A Turning Point in Georgia’s Foreign Employment Policy Georgia has long been known for its open and flexible approach to foreign workers.Minimal bureaucracy and ease of entry made the country attractive to entrepreneurs, remote workers, and investors. From 2026, however, Georgia plans to introduce mandatory work permits for foreign nationals, marking a significant policy shift. Why Georgia Is Introducing Work Permits Several factors are driving this change: Rapid growth in the number of foreign workers Difficulty tracking actual employment conditions The need to balance domestic labor markets Gaps between legal frameworks and real-world practices Rather than a simple tightening of rules, the new system aims to formalize and clarify employment relationships. What Will Change Under the New System With work permits in place, foreign employment is likely to become more structured. Employment roles, duration, and employer responsibility will be more clearly defined.This reduces ambiguity, but also means that foreign workers must better understand their legal status. Flexibility will still exist, but within a clearer regulatory framework. What Foreigners and Businesses Should Prepare For Looking ahead to 2026, individuals and companies should assess: Whether their activities qualify as employment How they are formally engaged (employment vs. contract) Whether their work arrangements are legally sustainable This is especially relevant for freelancers, consultants, and remote workers operating across borders. Does This Reduce Georgia’s Attractiveness? At first glance, permit requirements may seem restrictive. However, clearer rules can also increase legal certainty and long-term stability for those committed to living and working in Georgia. The shift represents a move from informal flexibility toward structured openness. Conclusion: Entering the Next Phase Georgia’s planned work permit requirement signals a transition toward a more mature labor and immigration framework. For foreign workers, success will depend not on avoiding regulation, but on understanding it and planning accordingly. Those who adapt early will be best positioned to continue benefiting from Georgia’s evolving economic environment.

The Evolution of a Major Mountain Resort Located in northern Georgia, Gudauri is one of the country’s most well-known mountain destinations.Within this area, New Gudauri has emerged as a purpose-built resort zone, designed as a modern extension of the traditional Gudauri area. Unlike organically grown resort towns, New Gudauri has been developed with a master plan, integrating accommodation, leisure, and commercial functions into a single resort environment. Why New Gudauri Is Considered One of the Largest New Gudauri’s scale sets it apart. The area features multiple large hotels and residential-style accommodations, ski-in/ski-out access, and a growing cluster of restaurants and retail spaces. Together, these elements create a destination designed for longer stays rather than day visits. This integrated approach has positioned New Gudauri as one of Georgia’s most ambitious resort developments. Appeal as a Tourism Hub While winter sports remain a core attraction, New Gudauri is increasingly promoted as a year-round destination. Summer activities, nature-based tourism, and longer seasonal stays have expanded its appeal beyond skiing.Its relative proximity to Tbilisi further enhances accessibility for both domestic and international visitors. Viewing New Gudauri Through an Investment Lens In addition to tourism, New Gudauri has attracted attention as a real estate and investment location. Early-stage development offered comparatively accessible entry points, drawing interest from overseas buyers.As the area has matured, however, investment success has become more dependent on asset selection, usage strategy, and management quality. The market has shifted from broad-based growth to selective performance. Challenges After Rapid Growth Following a period of fast expansion, New Gudauri now faces more nuanced challenges. Differences in property quality, operational management, and actual demand have become more apparent.As supply has increased, not all assets perform equally, highlighting the importance of fundamentals. Conclusion: Entering a More Mature Phase New Gudauri’s rise has been rapid, transforming it into one of Georgia’s flagship resort destinations. Today, the focus is no longer on scale alone, but on sustainability, usability, and long-term positioning.Understanding New Gudauri now requires looking beyond size and growth headlines to assess how the resort will function and endure in the years ahead.

Where New Gudauri Stands Today Gudauri is one of Georgia’s best-known mountain resorts, and New Gudauri has been at the center of its recent development boom. After a period of rapid growth, questions began to emerge about whether prices had peaked and whether demand had cooled. The key issue now is whether the market has found its bottom — or is still searching for it. Signs from Tourist Arrivals Tourist numbers provide an important first indicator. Recent trends show a gradual return of visitors, including winter sports tourists, short-term regional travelers, and longer-stay international guests. Notably, off-season usage has also started to expand, suggesting more stable and diversified demand. This points to more than a temporary rebound. Accommodation Demand Reveals Real Usage Beyond headline visitor numbers, accommodation demand offers deeper insight. In New Gudauri, demand is emerging across multiple segments: short stays, medium-term remote workers, and family-based longer stays. This indicates a shift from purely investment-driven ownership toward actual usage. Such real demand is a key factor in stabilizing resort markets. Why “Bottoming Out” Requires Careful Interpretation That said, declaring a clear bottom requires caution. Recovery is uneven. Location quality, property management, and pricing levels all influence performance. Rather than a uniform rebound, the market appears to be entering a phase where stronger assets recover first. Selective recovery, not broad-based acceleration, defines this stage. An Investor’s Perspective From an investment standpoint, New Gudauri is no longer a momentum-driven market. The focus has shifted to fundamentals: year-round usability, realistic management structures, and sustainable demand. After a period of adjustment, opportunities now depend on careful selection rather than general market growth. Conclusion: Early Recovery, Greater Selectivity New Gudauri is transitioning from rapid expansion to a more mature phase. Tourism and accommodation trends suggest the market is stabilizing rather than declining further. However, the next phase will reward discernment, not speculation. Understanding where genuine demand exists will be essential in navigating New Gudauri’s next chapter.

Opening an Account Is Easy — Maintaining It Is Not When people discuss overseas bank accounts, the focus is often on whether an account can be opened.In reality, the far greater challenge lies in maintaining the account over time without issues. As global compliance and anti–money laundering standards have tightened, bank accounts are no longer “set and forget.” Ongoing management is now essential. Why Georgian Banks Have Attracted Foreign Clients Georgia has gained attention for offering a relatively accessible banking environment for foreigners. Key factors include English-language support, user-friendly online banking, international transfer capabilities, and openness toward non-resident clients. These features have made Georgian banks appealing to investors, entrepreneurs, and internationally mobile individuals. What Long-Term Use Really Requires Experience supporting accounts for over eight years shows that challenges rarely appear at the opening stage. Instead, issues tend to arise later, such as: Periodic document updates Requests to clarify transaction purposes Verification of fund sources Consistency between account usage and declared objectives Failure to respond properly can result in restrictions or even account suspension. What “Full Support” Truly Means Effective long-term support goes far beyond paperwork assistance. It involves understanding the bank’s perspective, maintaining a consistent narrative about account usage, aligning transaction history with actual business activity, and adapting to evolving regulatory expectations. This comprehensive approach is what allows accounts to remain functional over many years. Key Considerations for Overseas Account Holders An overseas bank account is a powerful tool — but only if managed carefully. Account holders should regularly reassess why the account exists, how it is used, and whether all transactions can be clearly explained in the future. Without this awareness, even well-established accounts can suddenly become unusable. Conclusion: Longevity Defines Real Value The true value of a Georgian bank account is not how easily it can be opened, but how reliably it can be used over the long term. In an increasingly strict global financial environment, sustainable account management has become a critical element of effective international asset management.

The Idea Behind a “Second Emaar” Emaar is globally known for its large-scale, integrated real estate developments that combine residential, commercial, and lifestyle elements into entire urban ecosystems. Because of this success, investors often search for a “second Emaar” — a company or market that could replicate a similar growth trajectory elsewhere in the world. Egypt’s Real Estate Growth Potential Egypt’s real estate market is driven by rapid population growth and ongoing urbanization. Government-led infrastructure projects and policies supporting foreign investment have created an environment favorable to large-scale development. While the country offers strong long-term demand, investors must also consider currency, political, and regulatory risks. Egypt presents opportunity, but one that requires careful evaluation rather than blind comparison to Dubai’s past. Georgia’s Distinct Development Path Georgia has emerged as an attractive destination thanks to its natural landscapes, tourism appeal, and relatively open investment climate. Resort developments, mountain destinations, and hospitality projects are gaining momentum, supported by growing international interest. Although Georgia does not yet host a developer on Emaar’s scale, it represents an early-stage market with unique upside potential. So, Does a “Second Emaar” Exist? At present, neither Egypt nor Georgia has a developer equivalent to Emaar in size or global influence. However, both countries are forming their own growth narratives. Egypt’s strength lies in demographic demand and urban expansion, while Georgia’s appeal is rooted in tourism-driven development. Rather than seeking a direct replica of Emaar, investors may find greater value in understanding these distinct growth models. Key Takeaways for Investors Avoid searching for exact copies of past success stories Evaluate each market based on its own economic drivers Focus on long-term structural growth rather than short-term hype Recognize that opportunities may emerge differently across regions In the end, the next major opportunity may not look like Emaar — but it may still offer meaningful growth for those who understand the market deeply.