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Personal Bank Account in Georgia

We assist you in opening your personal bank account in Georgia.

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Tbilisi River

Open a bank account in Georgia

A bank account in Georgia can be opened online remotely.

No need to travel to Georgia to visit the bank in person. All you need is a Power of Attorney from a local notary office sent to us by mail together with a copy of your passport, also notarized. The bank doesn’t even require a minimum initial deposit to the account. Residents of all countries (except those under sanction) may open a personal bank account in Georgia.

highlights

What you need to open a bank account in Georgia

Copy of your passport

Completed KYC application form

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

Bank accounts

Type of personal bank accounts

Universal Bank Account in Bank of Georgia or TBC Bank

Non-residents are eligible to open a premium banking account offered by two major banks in Tbilisi, Georgia (Bank of Georgia and TBC Bank).

As a SOLO customer, you will enjoy special banking benefits:
– Full scale internet banking services
– Exclusive service from a dedicated manager
– No fee for remote banking services (Internet bank/Mobile bank/Email bank/SMS bank/Automatic payments/Standing orders)
– No commission fee for cash withdrawal from any ATM across the world
– (SOLO Club) or 2% minimum 3 USD commission fee for cash withdrawal (Regular SOLO account)
– Get a SOLO Premium Card free of charge without a service commission fee
– Get a loan and open a deposit under the best conditions
– Be offered new financial products, bonds, or other types of securities
– Get a Visa/MasterCard Gold card as a gift
– Get an American Express Gold credit card for a special price
– Get a PRIORITY PASS card and visit VIP lounges at more than 600 airports worldwide for USD 35, etc.

Also, you can become a SOLO CLUB member and share all your benefits with your family members.

TBC Building
Bank of Georgia Headquarters
SOLO Bank Account

“SOLO” Bank Account in BOG or “CONCEPT” in TBC

Non-residents are eligible to open a premium banking account offered by two major banks in Tbilisi, Georgia (Bank of Georgia and TBC Bank).

As a SOLO customer, you will enjoy special banking benefits:
– Full scale internet banking services
– Exclusive service from a dedicated manager
– No fee for remote banking services (Internet bank/Mobile bank/Email bank/SMS bank/Automatic payments/Standing orders)
– No commission fee for cash withdrawal from any ATM across the world – (SOLO Club) or 2% minimum 3 USD commission fee for cash withdrawal (Regular SOLO account)
– Get a SOLO Premium Card free of charge without a service commission fee
– Get a loan and open a deposit under the best conditions
– Be offered new financial products, bonds, or other types of securities
– Get a Visa/MasterCard Gold card as a gift
– Get an American Express Gold credit card for a special price
– Get a PRIORITY PASS card and visit VIP lounges at more than 600 airports worldwide for USD 35, etc.

Also, you can become a SOLO CLUB member and share all your benefits with your family members.

Wealth Management in BOG

Bank of Georgia Wealth Management serves High Net Worth individuals and their families and offers the best terms on deposits, flexible investment possibilities, and high annual interest rates.

The following types of deposits are offered by a personal banker:
– Term Deposit
– Certificate of Deposit
– Savings Account

Wealth Management benefits from synergies with the country’s largest corporate banking unit, the number one brokerage in the region, trading and asset management, top investment banking, and the leading insurance business.

Wealth Management in Georgia

Benefits

Benefits of a Georgian bank account

Stable banks

The Central Bank of Georgia has one of the most conservative regulations for commercial banks in the country. High minimum standards force banks to have a relatively low risk appetite.

Almost all of the bank’s financials look great. They have much higher than minimum required tier 1 leverage ratio (single most important indicator of the bank’s financial health) and capital adequacy ratios (around 16%).

Remote service

Very few banks today allow for a personal bank account to be opened remotely by a non-resident, with direct identification required almost everywhere.

The regulator has allowed Georgian banks, however, to open bank accounts remotely with the use of a POA; in some rare cases, even a POA is not required.

Higher interest

After opening a bank account in Georgia, in local currency, interest rates on deposits can be as high as 11%. In USD, however, they are 4.5% and 1% in EUR.

One very important thing to bear in mind is that Georgia does not offer guaranteed insurance of deposits (Actually, it does, though for only to a maximum of GEL 15,000. But having an account in Georgia is safe as banks here are sound and the probability of default remains close to 0.

Investment

A bank account in Georgia can be used to trade on local and international exchanges. The local bond market is impressive and offers almost 10% annual yield in USD.

The BB credit rating is good enough for this region and should be considered along with all the other positives Georgia has to offer. We can help you open a personal bank account in Georgia for investment purposes.

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Step by step

Steps to open a personal bank account in Georgia

1

Contact us

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

Select a suitable bank for your needs

We listen to you and based on your needs will recommend a bank that will satisfy your needs the most.

Submitting documents to the bank to open your personal bank account

Wait for the bank to complete its routine review of the submitted documents. If the bank raises any questions or requests additional information during the application process, we’ll assist in resolving them.

Service with a remote notarization and apostille

We can help you to prepare documents for opening a bank account without leaving your house. With the help of our partner 100% online notary service, your bank account can be opened without your need to leave your work desk.

Support after you’ve opened your account

We don’t leave you by yourself after your opened your account. Should you have any issue or want to make any changes to your bank account we stay connected and will be available for any help.

Recommend on preparation on documents and be your proxy with the bank

We can assist you with completing the application form, preparing a power of attorney on our name, and translating your documents.

Hand over all the access and tokens of the newly opened bank account

Once we finish bank account opening, we will make sure to give you complete control over the newly opened bank account. We will guarantee that you will be the only one who will have a managment and disposal rights of the newly opened bank account.

Meet your service partners

We are ready to answer all your questions and assist you during your journey in Georgia.
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  • Lana Zhuk

    Lana Zhuk

    Client Support Spercialist

    Education: Ilia State University

    Professional specialization: Journalism

    Professional Skills: Effective communication, Ability to identify and resolve issues

    Languages: Georgian, Russian and English.

  • Lika Jaiania

    Lika Jaiani

    Client Manager

    Lika Jaiani, a graduate of Ilia State University in Tbilisi with a major in Anglistics, is passionate about client interaction and communication. Fluent in both English and Russian, she is recognized for her responsible and communicative approach in professional settings.

    Languages: Georgian, English and Russian

  • Eka Lekishvili Photo

    Eka Lekishvili

    Client Manager

    Bringing nearly two years of experience as a corporate lawyer in the financial sector, Eka specializes in tax law, focusing on exceptional tax regimes in Georgia. Her expertise extends to assisting clients in banking related cases for both personal and business purposes, offering insightful consultation on business registration in Georgia, and providing support in residency and visa cases, as well as consular legalization ensuring that documents meet the necessary legal standards for cross-border use. In her role, she ensures clients receive comprehensive legal guidance and solutions tailored to their unique needs, contributing to the success of PB Services.

    Languages:

    • English
    • Russian
    • Georgian

    Specialties:

    • Banking services;
    • Registration, maintenance, liquidation, and restoration of companies;
    • Regular, special, and exceptional taxation regimes and statuses;
    • Visa, residence permit, tax residency;
    • Legalization of the document for cross-border use.
  • Omar Ali

    Omar Ali

    Senior Client Manager

    Education: Sadat Academy for Management Sciences (Bachelor’s), Cairo University (Master’s).

    Professional specialization: Tax and Business Consultation, Data Mining, Data Analysis, Client management, Web Administrator, Business articles Translation, Case Study and Planning, Business Negotiation, Crisis management.

    Professional Skills: Preparation of Registration Documents, Online Business Marketing, conducting feasibility study, WordPress Editing, Designing Business presentations, After Service and online Support, Client follow up, Social Media editing and inquiries, WordPress Content Translation, improvising alternative plans to finish the deal.

    Languages: English, Arabic, French and Georgian.

    Cases:

    • Running tax Consultation;
    • Preparation of Company registration Documents (charter and founding agreement);
    • Throwing online meetings for Business services Consulting;
    • Replying Social Media Business Inquiries;
    • Supervising Arabic company website;
    • Adding Articles and creating content using WordPress;
    • Business Advisor for Free Zone Companies;
    • Sending Follow-Up Emails to Previous and current Client;
    • Providing consultation for special permits and licenses such as Forex Company and Financial Services Company;
    • Participating in summer camp workshop and team building with colleagues;
    • Setting up a presentation about the connection between marketing and Consultancy during Team Building Camp;
    • Running real time visits to Revenue Service and House of Justice;
    • Help obtaining Residence Permits in Georgia;
    • Offering new services to current clients;
    • Find Best Business plan for the client and offer case study;
    • Provide Basic accounting consultation for Individual Entrepreneurs;
    • Discussing the terms of a business and finishing the deal;
    • Running Online and offline Notary requests;
    • Opening Business bank accounts for LLC and Individual Entrepreneurs in person and remotely;
    • Sending marketing proposals for current clients about Real estate Services;
    • Assisting clients to file a case with the help of our lawyers to claim clients’ rights in real Estate purchase;
    • Giving Visa recommendations for foreign clients;
    • Offering Current Clients with better bargain to help win the deal.

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