Why and how to open a bank account in Georgia
Why and how to open a bank account in Georgia: Georgia, a former republic of the Soviet Union often forgotten between Turkey, Russia, and Iran, after two difficult decades, has become a brilliant example of strength and resilience, as witnessed by its flourishing artistic and cultural scene, its multitude of new tourists and culinary destinations, the massive arrival of visitors attracted by skiing, hiking, potholing, the exploration of a thousand-year-old historical heritage and a truly exceptional and various nature, and all this, concentrated in such a small country. The pearl of the Caucasus has become a secret less and less well kept, today many business leaders, consultants, expatriates choose this Eurasian country as a place for business creation, work, and family education. One of the first things to do is opening a bank account.
Can I open a bank account as a Non-Resident?
Yes, opening a bank account in Georgia is a simple process and you will have many options. No matter where you live, you can open a bank account in Georgia. How do I open a bank account? In which bank? What are the procedures? Here are some answers about opening a bank account in Georgia.
Which documents are necessary for opening an account?
All you need to do is go to one of Georgia’s many banks, show your identity documents, fill out a form, your signature and that’s it. Some banks can open your account with only your passport.
How long does it usually take?
The process of opening a bank account takes about 2-3 hours.
Can I open a bank account from aboard?
Although it is not possible for an individual to open a bank account from abroad (even Online), you can always do so by taking the services of a lawyer in Georgia, or a company specialized in this field, by granting him a Power of Attorney. This is a common practice, so you will have no difficulty finding a company willing to work with you to open your account.
In order for us to begin the process of opening your international business or personal account please contact our lawyers in Georgia