Frequently Asked Questions

Officially, the amendments to the Law on Labor Migration will come into force on March 1, 2026, with a transition period until January 1, 2027, for some workers. So some aspects of the legislation may need until then to be fully resolved.

When the authorities provide clarification and subordinate legislation appears, the media doesn’t always pick up on it. So, discussing your case with a professional lawyer is a good idea just to be safe. Our initial consultation lasts thirty minutes and, most importantly, is completely free of charge.

Leave your email address in the form below and write “Waiting for updates” in the comments. We will add you to the waiting list and contact you as soon as more details are available.

Both Georgian citizens and foreign nationals may open bank accounts in Georgia. However, individuals from countries subject to international sanctions (such as Syria, Iran, and North Korea) may face certain restrictions.

The processing time varies depending on the circumstances, but once all required documents are submitted, the bank may need several business days to process the application.

Georgian banks are stable and reputable financial institutions. The two largest banks—TBC Bank and Bank of Georgia—are both listed on the London Stock Exchange and adhere to stringent international financial regulations. Their financial reports demonstrate strong solvency, making the likelihood of issues arising extremely low.

In most cases, you can contact your personal bank manager to close your account remotely without needing to visit the bank in person.

The funds will be transferred to your legal heirs upon presentation of valid proof of inheritance.

No residence permit is not required. However, possessing a residence permit can streamline the process and enhance the bank’s confidence in the applicant.

Certainly. You only need to authorize a representative in Georgia to handle the account opening procedures.

Certainly. Banks in Georgia offer advanced internet banking platforms, allowing you to perform all operations through convenient applications. Additionally, personal banking managers can assist you with any transactions via phone or email.

The deposit coverage amount is relatively low, approximately $6,000 per bank. However, Georgian banks maintain high solvency, and no major bank failures have occurred since the early 1990s.

Annual account maintenance fees range from $50 to $100. Common charges include a $15 fee for SWIFT transfers, while ATM withdrawals incur no fees. Please contact us for detailed fee structures specific to individual banks.

Most Georgian banks offer multi-currency accounts, typically supporting the Georgian lari, US dollar, euro, and sometimes the British pound. Other traditional currencies and foreign currencies may also be available depending on your needs.

Receiving any type of residence permits automatically means your legal residence in Tbilisi. Please see steps and procedures above.

Permanent residence is for a foreigner with a temporary residence permit who has resided in Georgia for six years or a foreigner with an investment residence permit residing in Georgia for 5 years and seeking its extension.

It is almost equal to Georgian citizenship. As a resident of Georgia you possess all the rights and advantages that a citizen of Georgia does. The only difference is you do not have a Georgian Passport or enjoy a visa free regime with those countries granting as much to Georgian citizens.

Almost mission impossible. You are eligible for Georgian citizenship after 10 years of short-term residence in Tbilisi, Georgia. In addition to the residence requirement, you will have to show basic knowledge of the Georgian language, history, and law. You must own real estate, a job, or your own business in Georgia. A Georgian passport allows visa-free travel to 114 countries, including EU/Schengen countries, most of CIS countries, Ukraine, Iran and Turkey.

Yes, in some cases it is possible.

Yes. You can invest in various businesses. The main thing here is to consider the bottom line of the investment amount in order to receive the permit. The investment residence permit is granted for an investment of a minimum of USD 300,000, as stated above.

In some cases, yes, it has. If you are going to work in or from Georgia, to study here, or to stay in Georgia for at least 183 days, then you do not need any investment for your residence permit. In other cases, you need to invest a different amount of money in order to receive a permit.

Residence permits and cards in Georgia has time limit of 6 months to 1 year and are extendable for 5 more years with a maximum total of 6 years. After this, residents can request a permanent residence permit.

If you would like to get short-term residence, you have to own real estate. The minimum value of the property should be USD 100,000.

Yes, you can, but take into account that you must have at least 40 days left on your visa.

How fast you will prepare the needed documentation depends on you and on our helping you. However, after the application has been made, a residence permit is granted in 10 to 30 days.

You are required to be physically present in Tbilisi, in the Public Service Hall. However, you don’t need to be in Georgia in order to prolong your existing residency.

No, It does not. It certainly helps, but it does not guarantee it automatically.

The account opening process itself takes around 2-3 days. If we have everything prepared in advance, you won’t need more than 3 days.

You can look to other jurisdictions for banking. First, choose the right country for you. Then get approval to open an account, prepare the necessary documents, and submit them to the bank to get access to your bank account.

The list of countries changes from time to time. There are banks in western and eastern Europe, in the Caucasus, in Asia. The bank accounts that we offer are opened remotely. All of them come with internet banking and debit cards.

This list is also subject to change. Some of the usual suspects include Wise, Paysera, Payoneer, and similar FinTechs. The complete list is quite large, and we can help you pick the one best suited to your needs.

Any type, including:
LLC – Limited Liability Company,
JSC – Joint Stock Company,
BO – Branch Office of international company among others.

We provide accounting services for Individual Entrepreneurs as well.

Of course. We provide free consultations.

Yes. There is no citizenship or residency requirement for the applicant or the beneficial owner. Foreign nationals and foreign-registered companies can apply. The key requirement is that Georgia must be the genuine center of your business operations, demonstrated through your business plan.

Yes. The National Bank requires at least one authorized representative of the company to be physically present in Georgia for a minimum of 14 days per calendar month. A virtual address alone is not sufficient — you need a real operational presence.

No. AML and CFT policies written for other countries — even well-regulated ones like the UAE or EU member states — will not meet Georgian standards. Your internal policy document must be built from scratch based on Georgian legislation. Submitting a translated foreign policy is one of the most common reasons applications are rejected

The NBG has 60 days to respond to your initial submission, then up to a further 60 days after your resubmission. Combined with preparation time (4–6 weeks) and your response window (1 month), the realistic total timeline is 6–8 months. Plan accordingly.

The National Bank is required by law to state a specific reason for any refusal. There is no mandatory waiting period — once you address the stated reason, you can reapply immediately. Each submission incurs the GEL 5,000 state fee. This is why thorough preparation from the start is the most cost-effective approach.

Since July 2023, operating as a virtual asset service provider in Georgia without registration is illegal. Penalties include fines of up to GEL 20,000. Unlicensed operation also makes it effectively impossible to open and maintain corporate bank accounts.