The Central Asian Republic which gained independence from the Soviet Union in 1991, Georgia has grown quickly to be a prominent economy in the region. The country which borders the Black Sea on the west has a largely moderate climate which is quite different from the cold Russian winters. The country suffered a setback due to the short war with Russia in the recent past, but the Government efforts have helped in minimizing the impact on the economy.
Georgia has laws promoting strict banking secrecy and it also has tried to promote banking by Foreign High Net worth individuals by building a highly regulated Banking framework controlled by the National Bank of Georgia, the Central Bank of the Country. The Central Bank has continuously tried to bring in technological advancements such as the start of the RTGS (Real Time Gross Settlement) System for promoting consumer-friendly banking in the country.
There are around 19 Banks (Including Foreign Banks) in Georgia that provide Consumer Banking operations. The banks are well versed in dealing with foreign customers and aim to provide every possible support in their banking operations. The country also boasts of a low corporate tax regime.
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.