Opening a bank account in Georgia for non-residents

We help non-residents open personal or corporate accounts with Georgian banks. We analyze each client’s situation, compare Bank of Georgia, TBC Bank, and Credo Bank, prepare documents, and provide support throughout the bank’s due diligence process.

Depending on the bank, citizenship, and type of account, the procedure may require an in-person visit or include remote stages. We determine the available procedure after a preliminary assessment of the client’s profile.

Can a Non-Resident Open a Bank Account in Georgia?

Georgian banks consider applications from foreign citizens, but each decision is made individually. The bank takes into account the client’s citizenship and residency, source of income, professional or business activities, purpose of opening the account, and anticipated transactions.

Opening an account based solely on a passport is not always possible. The bank may request income documents, contracts with clients, bank statements, proof of address, and explanations of future payments.

Applications from citizens of Russia, Belarus, and other countries may also be considered. However, the requirements depend on the bank’s current policies and the circumstances of the individual client. Therefore, before submitting an application, it is important to determine which bank and banking product best match the intended use of the account.

Which Georgian Banks Work with Non-Residents?

We assist with opening accounts at Bank of Georgia, TBC Bank, and Credo Bank. These banks differ in their service models, target audiences, and approaches to banking products for foreign clients.

No single bank can universally be described as the easiest option for non-residents. The outcome depends on the client’s profile, documents, and intended use of the account.

Bank of Georgia and SOLO

Bank of Georgia offers banking products for individuals and businesses. SOLO provides a separate service model for premium banking clients.

This option may be considered if the client receives documented income, conducts international transactions, or is interested in premium banking services. However, meeting the financial criteria does not guarantee account opening: the bank assesses the applicant’s entire profile.

Before applying, it is important to ensure that information about the source of funds, professional or business activities, and purpose of future transactions is consistent. If anticipated incoming payments do not match the declared profile, the bank may request additional explanations.

Learn more: Bank of Georgia SOLO for Non-Residents

TBC Bank and TBC Concept

TBC Bank serves individuals, entrepreneurs, and companies. The bank offers personal and business banking products, digital services, and foreign currency transactions. TBC Concept provides premium banking services.

TBC may be considered for receiving income from foreign clients, making payments to counterparties, and managing an account through online banking. The specific product should be selected based on the client’s status and the nature of future transactions.

When reviewing an application, the bank may request employment or business documents, contracts with clients, bank statements, and an explanation of why the account is being opened specifically in Georgia.

Learn more: TBC Concept for Non-Residents

Credo Bank

Credo Bank offers certain banking products to foreign citizens. It may be considered for opening a personal account, obtaining a bank card, or establishing an additional banking channel in Georgia.

Product availability depends on citizenship, country of residence, source of income, and intended use of the account. Credo Bank also conducts customer due diligence and may request documents confirming the origin of funds and the nature of transactions.

Before contacting the bank, we clarify whether the applicant’s profile meets its current requirements and which application procedure is available.

Learn more: Credo Bank for Non-Residents

How to Choose a Georgian Bank

The bank should be selected based on how the client plans to use the account. Important factors include the type and frequency of incoming payments, the countries of senders and recipients, required currencies, anticipated turnover, and the need for personal, corporate, or premium banking services.

For a professional receiving payments under an employment or service contract, the key requirement will be proof of employment and regular income. An entrepreneur will need to explain the nature of their services, provide contracts with clients, and confirm business registration.

When opening a corporate account, the bank analyzes the company, ownership structure, beneficial owners, website, contracts, and countries of its counterparties. A foreign company may also need to explain why banking services are required specifically in Georgia.

We compare these circumstances with the banks’ requirements and recommend an option that matches the client’s actual transaction model.

Personal Bank Account in Georgia for a Professional or Entrepreneur

A personal bank account in Georgia can be used for personal expenses, savings, transfers between one’s own accounts, and receiving personal income.

If the client is employed, the main supporting documents may include an employment contract, an employer’s certificate, tax documents, and bank statements. A freelancer or consultant may need contracts with clients, invoices, and a description of the services provided.

Regular commercial payments do not always correspond to the intended purpose of a personal account. If the client is actually conducting business activities, the bank may request proof of business registration or offer a business banking product.

Bank Account for a Company or Individual Entrepreneur in Georgia

To open a business account, it is necessary to confirm the registration of the company or individual entrepreneur, the director’s authority, the ownership structure, and the nature of the business activities.

The bank may request corporate documents, information about beneficial owners, contracts, invoices, website information, and anticipated financial turnover. If the business is just being launched, a clear description of the project and planned transactions will be required.

If the company has not yet been registered, we can combine banking assistance with company registration in Georgia.

Can You Open a Bank Account in Georgia Remotely?

The procedure depends on the bank, citizenship, country of residence, and type of account. In some situations, it is possible to complete preliminary checks, prepare the application form, and submit documents remotely.

Certain procedures may allow video verification or the involvement of a representative acting under a power of attorney. However, these options are not available to all applicants and require prior approval from the specific bank.

If an in-person visit is mandatory, we prepare the documents and banking application form in advance. The client receives information about the application procedure and questions that may arise during submission. This helps reduce the time spent in Georgia and avoid a second visit due to incomplete documentation.

It would be incorrect to promise a fully remote account opening before assessing the client’s profile. We confirm the availability of this option individually.

Is Proof of Address Required?

The bank may request proof of the client’s actual or contact address. Requirements depend on the selected institution, type of account, and the applicant’s circumstances.

If a local address is required for the application, we can help prepare a rental agreement in the client’s name and an extract from the real estate register. A utility bill may also be available for certain properties.

Before preparing the documents, we clarify the requirements of the specific bank. Having a Georgian address does not guarantee account opening and does not replace proof of income, the origin of funds, or the purpose of transactions.

Learn more: Proof of Address in Georgia

How to Prepare Your Profile for a Georgian Bank

A banking profile should consistently answer three questions: what the client does, where their funds come from, and how the account will be used.

To verify identity and status, the documents typically prepared include a passport and information about the client’s place of residence and tax residency. The financial documentation may include bank statements, tax returns, income certificates, an employment contract, or documents confirming the sale of assets.

The transaction-related documentation depends on the purpose of opening the account. A professional may need contracts with clients and invoices. A company may need registration documents, an ownership structure, contracts with counterparties, and a description of anticipated turnover.

We determine the exact set of documents after selecting the bank. This makes it possible to avoid collecting unnecessary documents while ensuring that the application is supported by sufficient evidence.

What to Check Before Submitting an Application

Before applying to Bank of Georgia, TBC Bank, or Credo Bank, it is important to ensure that the purpose of opening the account is consistent with the client’s documents and financial profile.

If the account is needed to receive international payments, contracts with clients and a clear description of the services should be prepared in advance. When opening a corporate account, information about the company, beneficial owners, countries of counterparties, and anticipated turnover will be required.

If the bank requests evidence of a connection to Georgia, a local address, registered business, or another justification for choosing the country may be required.

It is also necessary to check whether the information in the application form matches bank statements, tax documents, and the description of business activities. Discrepancies in amounts, sources of income, or the purpose of transactions may lead to additional questions and extend the review period.

We conduct this review before submitting the application and help create a consistent client profile that is clear to the bank.

How We Work at Wolja

First, we clarify who the account is being opened for, what transactions it will be used for, and where the funds will come from. We then assess the documents and potential compliance risks.

The subsequent process includes:

If the procedure requires a Georgian address, business registration, or additional documents, we inform the client before submitting the application.

The final decision regarding account opening, available products, and limits is made by the bank.