Opening a brokerage account in Georgia

Invest in high-yield bonds and shares of international companies

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What you need to know about brokerage services in Georgia

Anyone can open a brokerage account in Georgia regardless of citizenship. Get service in person at the broker's office or remotely. You will need the following documents:

A copy of your passport

A completed KYC application form

Documentation of the origin of funds

A notarized power of attorney (if you are opening a brokerage account remotely)

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.

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Step-by-step instructions for opening a brokerage account in Georgia remotely

Contact us

In a free consultation we will help you choose the broker best suited to your needs

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

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.

We provide support every step of the way

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.

FAQ

How long does it take to open an account?

It takes one week to open a brokerage account in Georgia in person on average. That can extend into two weeks if you’re doing it with a power of attorney. And that’s taking into account the time needed to prepare the documents and have the broker verify them.

What brokers work with foreigners?

There are several brokerage companies in Georgia with a license from the National Bank, but most foreigners work with the two largest: Galt & Taggart or TBC Capital. These are subsidiary branches of the largest banks in the country, Bank of Georgia and TBC. Some of their services overlap, and commissions are similar. We can steer you towards the one most suited to your investment strategy during a consultation, or you can read the article about it on our blog.

How safe are Georgian brokers?

The National Bank requires brokers to keep client funds (money and securities) separate from their own capital. So even were a broker to go bankrupt, creditors would have no claim to your money, and investor funds have no part in a broker’s commercial activities, such as to hedge third-party transactions. The integrity of client accounts is checked daily, and brokers are constantly being subjected to financial audits.

Are there any restrictions for citizens of Russia and Belarus?

Since these countries are under U.S. and European sanctions, citizens of the Russian Federation and the Republic of Belarus cannot invest in American and European securities through Georgia brokers. They can still open a brokerage account, though, to access the high-yield corporate bonds of Georgian companies.

Can I open a brokerage account for my child?

Some brokers do have accounts for minors. A joint account is also an option, though additional documents may be required.

Can I buy cryptocurrency through a Georgian broker?

Not yet. But investments in other instruments that correlate with the dynamics of cryptocurrencies are available to you. For example, in shares of American mining companies, video card manufacturers, or spot ETFs on bitcoin.