Georgia became one of the most popular jurisdiction to open the bank account for non-residents. Banking sphere is digitalised and provides high-level service quality to its customers.

TBC bank and Bank of Georgia are two biggest banks in Georgia, taking 80% of the Georgian financial sector. They provide lots of banking services, such as deposits, loans and other investment instruments just remotely.

What is needed to open the bank account remotely ?

1. Notarised copy of passport;
2. Power of attorney

What information shall be provided to the Bank during the Compliance procedure ?

1. Source of Income (salary, dividends, interests)
2. Proof of Income earned (employment agreement or resolution on share profits)
3. Countries from which transactions is expected to be received;
4. Tax return (bank is asking for tax return in exceptional cases)
5. Bank account statement for the last 12 months.

We had more than 100 cases of remote bank account opening for non-resident individuals. One of the most positive option is that once you prove your identification it does not need to use the Georgian SIM-card.

Main currencies of operation are:

Opening bank account in Georgia, usually takes around 5 working days depending on the workload of the bank. Once the application is approved, there is one month time period is given to prove your identity through the representative.

Georgian banking system allows you not only make transfers with the European Union, but also make transactions to the CIS region fast and smoothly.