highlights
What you need for a brokerage account in Georgia
Anyone can open a brokerage account in Georgia regardless of citizenship, in person at the broker’s office or remotely.
You will need the following documents:
Copy of your passport
Completed KYC application form
Documentation of the origin of funds
Notarized power of attorney (if you are opening a brokerage account remotely)
Benefits
Benefits of a Georgian brokerage account
Minimal restrictions
You don’t need to be a Georgian citizen, obtain a residence permit, or even visit the country to open an account.
Invest internationally
Georgian brokers provide access to stock markets in 60+ countries, including the USA, Japan, the EU, Australia, and Hong Kong, to name a few. The possibilities for portfolio diversification are endless.
Unique access to high-yield Georgian bonds
The local debt market is growing at double-digit rates and is currently valued at GEL 1.9 billion. Two-thirds of Georgian bonds are denominated in global currencies, and the average annual dollar yield on coupon payments ranges from 9 to 12%.
Some of the lowest taxes in the world
If you are a tax resident of Georgia, you are exempt from income tax on any transactions when investing in foreign securities. Coupons on the bonds of Georgian companies are also tax-free.
Convenient mobile applications
Georgian brokers have online terminals for active trading from European suppliers that can be accessed with your phone or browser or use e-mail to place orders for long-term investments through your personal manager.
Step by step
Steps to open a brokerage account in Georgia remotely
2
Draw up power of attorney
We will provide you with an easy-to-understand template and explain how to notarize the power of attorney to make the account opening process as fast as possible.
3
Prepare documents
You’ll need a passport, proof of origin of funds, and a KYC form. That’s all that needs to be done on your end – a PB Services specialist will take care of the rest.
Support
Here’s how we help you
Preparing and filling in documents
We can help you fill in the application form, execute a power of attorney, and translate documents. We also have our own compliance service, so you’ll know in advance whether your documents satisfy the requirements for fund transparency.
Submitting documents to the broker to open an investment account
Sit back and wait for the broker to carry out their routine check of the documents. Should the broker come back with any questions during the application process, we’re there to help resolve them.
Support after you’ve opened your account
On the off chance you have difficulties communicating with the broker in the future, you can always contact us for support – we don’t charge for this (within reason).
Obtaining tax residency
Georgian residents do not pay income tax on profits from foreign securities and Georgian bonds. We can help you obtain tax residency, and it can be done without your having to visit Georgia in person.
Comprehensive tax assistance
If your business interests extend beyond investments or you need to declare income outside Georgia, we are ready to take control of your tax obligations.
Opening a personal bank account in Georgia – remotely
This isn’t strictly necessary, but having a Georgian bank account does make it a wee bit easier to deposit and withdraw funds. Accounts are available in GEL, dollars, euros, and pounds.