Open a personal bank account in Georgia
Open a personal bank account in Georgia: Georgia has all the necessary components for the organization of effective operation: low tax rates, tax-free territories, high level of bank security, state guarantees for the protection of investors’ rights, and free departure of goods with the certificate “Made in Georgia” to markets of EU, CIS, and China. Besides bank services for legal entities, non-resident should also care about qualitative bank servicing of personal assets. The possibility of opening a bank account online without visiting a bank in Georgia is very easy with helping our company formations lawyers for non-residents. A personal account for natural persons in the Georgian banks is reasonable to use for receiving a salary or other periodical payments, receiving dividends, and making operations with cryptocurrency and etc.
The Company formation in Georgia LLC provides an opportunity to open a personal account in the most popular and reputable Georgian bank. Georgian banks are the leaders of the Georgian financial system providing absolutely all retail services that non-residents can use. Well-groomed and high-quality Internet banking in English, a means of constant correspondence with the banker, fast and high-quality service. Opening a personal account in Georgia remotely without wasting time is possible with the help of Company Formation in Georgia Group.
Getting to know the financial institution
One of the big and popular banks in Georgia is TBC bank. TBC Bank is known to absolutely everybody in Georgia. It is the all-around leader of the local bank system by virtually all financial parameters. Reliability and stability of operation of TBC Bank attract most natural persons, including non-residents.
The offices and the ATMs of TBC Bank are located in all major residential places in Georgia. Due to this, customers have no problems with the availability of bank services. Moreover, the bank invests big money in the development o remote channels of communication.
TBC Bank has a top-class application for mobile Internet banking, as well as a system of voice biometric recognition in a call center. Also, TBC Bank is the only bank that owns a completely digital bank in Georgia. We think that there is no such internet banking in the Caucasus now. You must try and you must see it!
A branched network, high quality of service, available programs of remote access to accounts, the stability of the bank, low cost of premium service – this all attracts non-residents to TBC Bank. Another valuable factor beneficial for non-residents is the possibility to open a bank account for natural persons online without visiting the bank. Using this option, they may obtain an effective instrument in the form of a personal account without wasting time on a trip to another country.
Services for remote access to accounts in TBC Bank
Non-residents who wish to open an operating account online without visiting the bank also seek to obtain continuous and reliable remote access to their assets. While abroad, they want to manage a personal account in a Georgian bank. TBC Bank has realized all basic varieties of banking that provide customer access to its assets:
- Internet banking;
- mobile banking;
- SMS
As well as automatic payments according to a preliminary request of a customer. The latter saves much time for a customer, as he does not have to enter the same details periodically to make a payment. Besides, customers of the bank may perform currency exchange operations remotely at the most lucrative rate for natural persons.
Personal accounts for non-residents and package service in TBC Bank
Non-residents may open an operating account online without visiting the bank with the help of Offshore Pro Group, which is simple and takes a little time. Nevertheless, before addressing a service we would like to emphasize that in TBC Bank you may use tariff packages except for a standard personal account. Meanwhile, the last variant will cost you much cheaper.
Let us review the main differences between using only a personal account and obtaining services under a tariff package.
In TBC Bank, a personal account is opened in five currencies: USD/EUR/GBP/CHF/GEL. Such account can be rationally used for:
- transfers as within Georgia, so as internationally;
- currency exchange;
- payment for goods and services.
A personal account has no limitations on terms, and the bank does not require keeping a minimum balance.
What’s the process? How long does it usually take remotely?
We Company Formation lawyers in Georgia for the process of opening an account need 1-2 working days, but the overall process takes around 15-20 business days (depends on how soon the client provides notarized and Apostilled POAs).
What documents are necessary for a foreigner to open a bank account when the account is opened via Power of attorney?
Need the following documents:
- Colored Passport copies, verified via notary and apostilled/legalized
- Power of Attorney, verified via notary and apostilled/legalized
- Next information via Email: Address, Mobile number.
Fees for international transfers
Most banks charge high fees for international transfers and tend to inflate the exchange rate without disclosing it. If you’re making international transfers often, it’s a good idea to use Transferwise to ensure you’re always getting the mid-market rate, and to cut back on charges.
How can non-resident open a bank account in the Georgian TBC Bank remotely?
This is the brief process of online opening a bank account by a non-resident without visiting a bank in Georgia:
How can non-resident open a bank account in the Georgian TBC Bank remotely?
This is the brief process of online opening a bank account by a non-resident without visiting a bank in Georgia:
Customer contacts us at: contact@companyformationgeorgia.ge / legalservicegeorgia@gmail.com
Our Company formation lawyer gets in touch with a customer for a detailed discussion of further cooperation.
Customer pays for our services by any convenient means
Our lawyer agrees with a customer a text of a power of attorney for opening a personal account in the Bank.
The customer notarizes a power of attorney and a copy of an international passport and sends documents to us in Georgia.
Our representative opens a personal account in Bank according to the requirements of a customer, and sends him all documents for a personal account, together with a payment card and a device for password generation on Internet/mobile banking (if available).
Feel free to contact us and in just a few days we will open you a personal account in the best bank in Georgia.
