A corporate account for a company at a Georgian bank
Bank of Georgia / TBC — a multi-currency company account with internet banking and cards.
Georgian banks increasingly require proof that the company genuinely operates in the country — an office, local staff or counterparties. Without it the account may be refused, or closed by the bank later.
A representative under a notarised power of attorney gets full control of the account. Control can only be returned to the director by visiting the bank in person.
A corporate account with a nominee director
A nominee director is a Georgian citizen listed as director in the register and on the company's documents. One is appointed when the bank expects a local director.
A nominee doesn't change the bank's checks: the bank identifies the real owner in any case — the law requires it. The nominee director covers representation.
- We find the nominee and formalise their appointment in the company
- We separate the powers by contract: signing rights on the account stay with the owner
- We open the account the usual way — the document pack is the same
The nominee service is its own service in the catalogue and is paid annually. An account with a nominee came to about $440 as a bundle.
What the expert guarantees
Resubmits to a second bank at no extra charge
If the first bank refuses, resubmitting to another bank is covered by the expert's fee.
Bank account opening in Georgia: comparing the options
The difference is not the price — it is who each option suits. The “Best for” column is the business profile the option is built around.
| Option | Best for | Timeline | Price |
|---|---|---|---|
| A personal multi-currency bank account in Georgia | Expats, freelancers, travellers | 1–7 days | from $130 |
| The Solo card in Georgia (Bank of Georgia) | Paying for foreign subscriptions and services that Russian cards can't reach, a multi-currency card (USD/EUR/GEL/GBP/RUB) without opening a full account | ~9 weeks | from $250 |
| A corporate account for a company at a Georgian bankyou are here | Companies genuinely operating in Georgia (an office, staff or clients), businesses that need to take B2B payments in several currencies, owners willing to come to Tbilisi in person to open the account | 1–2 weeks | from $320 |
| Opening a brokerage account in Georgia | Investors who need access to international stock markets, clients opening an account remotely under a power of attorney, without a visit to Georgia, portfolio holders considering Georgian bonds as part of diversification | 1–2 weeks | Upon consultation |
What the service includes
| Preparing and translating the company's document pack | |
| Accompanying you to the meeting with the banker, or arranging a power of attorney for the remote option | |
| Opening a multi-currency account (GEL, USD, EUR, GBP, CHF) | |
| Issuing corporate cards | |
| Setting up internet banking | |
| The company's bookkeeping and tax filings— billed separately | |
| Office rent, hiring staff and other costs of evidencing economic substance— billed separately | |
| The bank's service and SWIFT transfer fees— billed separately |
Documents and programme requirements
- 1The company already registered in Georgia
- 2The company's constitutional documents (translated into Georgian or English)
- 3The passport of the director or beneficial owner
- 4The director present at the bank in person, or a notarised power of attorney for a representative when opening remotely
How the process runs
1–2 weeks- Company registrationRegistering an entrepreneur covers both state and tax registration at once. The National Agency of Public Registry, under the Ministry of Justice, enters the company into the register.
- IdentificationThe bank verifies the company and its beneficial owner against reliable sources. A representative's powers are confirmed by a duly certified document.
- Activity questionnaireThe bank establishes the purpose and nature of the business relationship: what the company does, the expected volume of transactions and how often they will run.
- Account openingAn account is opened only against documents confirming the taxpayer identification number. Anonymous and fictitious accounts are prohibited by law.
- Tax authority noticeThe bank reports the first account to the tax authority within three working days. For another two working days nothing may be debited from the account except taxes.
Frequently asked questions
How long does opening take if the documents are ready?
Which currencies can the account be opened in?
What happens if the bank suspects the company isn't really trading?
Related breakdowns
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Small business status gives a sole trader 1% on turnover up to GEL 500,000. Who is refused, which income falls outside it and when the rate rises to 3%.
Tax filing in Georgia: rs.ge deadlines and nil returns
A sole trader in Georgia files monthly by the 15th through the rs.ge portal. What to do with no turnover, how to pay the tax and when to hire an accountant.
We'll check your case before you pay
Send an enquiry — we will check your case and help you arrange “A corporate account for a company at a Georgian bank” in Georgia. No markup on top.
We'll cover: whether you qualify, the full cost with fees, realistic timelines, the document list. If it's not for you, we'll say so.