The Republic of Georgia is a dynamically developing country and has close ties with the European Union and the United States. The Government of Georgia supports innovative developments in the field of economics. Therefore, opening an account with a Georgian bank will be a profitable solution.
For more information, contact IQD Consulting lawyers. Our specialized experts will provide legal support in opening a bank account in Georgia.
Georgia is not a member of the automatic exchange of tax information
To date, 15 banks provide their services in Georgia. Opening a personal account with a Georgian bank is a good idea, as banks in this jurisdiction are reliable and stable.
Georgian banks are very responsible in verifying the identity of each client. Therefore, they may require a personal meeting, when opening an account in Georgia. The Georgian government is also highlighting the implementation of the AML/CTF policy.
IQD Consulting specialists have an extensive experience in opening bank accounts in Georgia. For more detailed information and choosing the best option among Georgian banks, request for advice at the contacts below.
Please note: In case of opening an account with a bank of Georgia remotely, a Power of attorney for our specialist will be required.
A translation of documents into English or Georgian is MANDATORY.
IQD Consulting recommend non-residents opening a personal account with Bank of Georgia or TBC Bank. These banks are leaders in the Georgian banking system.
The term for opening an account with Bank of Georgia is from 7 days. A cost of our support in opening an account is €400. If you decide to open an account with Bank of Georgia remotely, a cost of our support in opening an account is €780.
This bank is the only Georgian bank, listed on the London Stock Exchange
It is possible to open an account with TBC Bank in Georgia remotely. A cost of the account opening remotely with the help of our lawyers is €900
Good options for opening a personal account for a non-resident in Georgia are TeraBank and Silk road Bank.
A cost of opening a personal account with TeraBank with our help is €1,450
Opening period is from 21 days
To open an account with Bank of America. A term for opening a personal account with Bank of America is from 16 days. A cost of opening an account with Bank of America, accompanied by IQD Consulting lawyers is €3,500. It is possible to open an account with Bank of America remotely.
If you decide to open a personal account in a Georgian bank, qualified IQD Consulting staff will help you in solving this question.
Please note, that this material is provided for informational purposes and is not the full advice.