Opening a Bank Account in Georgia
Opening a Bank Account in Georgia: Georgia has an ultra-modern, transparent, and very reliable banking system. Banks offer a multitude of products like all the major European banks that will meet your current account needs, whether for your personal account or your business account.
Foreigners are welcome in all banks in Georgia. The process of opening a business (or personal) account is quick and simple. No minimum deposit is required, only a valid passport is required.
That’s all. No money laundering form, no need to know your KYC, no need for proof of address…
Georgian banks automatically offer the possibility to open a multi-currency account, in USD, EUR, GBP, NOK, GEL, etc…
It is quite possible to open a bank account in Georgia remotely, with the assistance of a power of attorney or a legal representative. However, once the account is opened, most Georgian banks offer a highly developed online banking service so that you can make your banking transactions remotely without any problems.
*Important Note about “Opening a Bank Account in Georgia”
we are not a decision-making body so we cannot give you 100% assurance that banks will open bank accounts even if we comply with the formal side. Banks have their decision-making department who assess each client individually and make a decision. In most cases, we are able to open bank account whilst we cannot access online banking or request bank cards. Additionally, we can assign you a private banker who will inform you about your accounts and make transactions on your behalf.
In order for us to begin the process of open a business or personal bank account please contact our lawyers in Georgia.