Can an SCI borrow in Georgia?
Georgian banks rarely lend to non-resident foreign entities. An arrangement with a personal guarantee or a sister local LLC is generally required.
Related questions
- → Is it necessary to create a company to invest?
- → How much does it cost to set up a Georgian LLC?
- → What are the advantages of a French SCI (Société Civile Immobilière) for holding a Georgian property?
- → Is the Georgian LLC fiscally transparent?
- → Can I set up a Georgian Virtual Company?
- → Is an International Company status suitable?