Open a Business Bank Account in Georgia
Georgian banks are genuinely open to foreign entrepreneurs, but the application still goes better with someone in the room who knows what the bank wants to hear.
- Fee
- ₾800
- Approval
- Same day
- Currencies
- GEL/USD/EUR
What a Georgian business account gives you
Georgian banking infrastructure is modern and the approach to foreign entrepreneurs is straightforward by regional standards. Most institutions charge no monthly fee on a business account and set no minimum balance, and the online banking and mobile apps genuinely work in English.
- Multi-currency accounts — GEL, USD, EUR held side by side
- Online banking and mobile apps in English
- SWIFT and SEPA transfers
- Business debit cards
- No minimum balance at most banks
- The account you pay your monthly tax bill from
Which Georgian bank should you use?
Which one suits you depends on your business, not on which is biggest, and we pick with you rather than defaulting to whoever is fastest that week.
- Bank of Georgia — the largest, with the widest ATM and branch network
- TBC Bank — the strongest digital platform, popular with tech businesses
- Basis Bank — more personal service and generally faster to open
- Credo Bank — business-focused with competitive SME rates
Why applications get refused, and how to avoid it
Refusals almost always come down to the bank not being able to follow your business. Unclear activity, a mismatch between your registered activity codes and what you actually describe, a nationality on a sanctions-adjacent list, or a source of funds nobody can trace will all stall an application. Preparing the file properly — a coherent business description, matching documents, translations done in advance — is most of what prevents it, and it is most of what you are paying us for.
What to bring
- Individual Entrepreneurs — valid passport with 6+ months left, IE certificate, proof of address, tax ID
- LLCs — valid passports for all directors, company extract, company charter, director resolution, proof of address
Pricing
Bank selection consultation, document preparation, Georgian translations, accompaniment to the branch, application assistance, and online banking setup.
Excludes 18% VAT. ₾800 ≈ $300. International transfer fees are the bank’s and typically run $15–40 depending on the destination.
How it runs
- 01
Registration confirmed
Your business has to exist first — the bank opens an account for a registered entity, not a plan.
- 02
Documents prepared
1 business dayWe assemble the file, translate what needs translating, and write the business description the bank will actually read.
- 03
Branch visit
1–2 hoursWe come with you and handle the conversation in Georgian.
- 04
Account active
Same dayApproval usually lands the same day, with online banking set up before you leave.
Common questions
Yes, and it is routine. You need a registered Georgian business and a valid passport. There is no residency requirement and no local director requirement.
₾800 plus VAT for the full service — bank selection, document preparation, translations, accompaniment to the branch and online banking setup. The banks themselves generally charge nothing to open a business account.
One business day to prepare the file, then one to two hours at the branch. Approval usually lands the same day.
Rarely. Banks generally want the signatory present in the branch, and remote opening is decided case by case. We will tell you honestly how your profile looks before you pay rather than after.
Most charge nothing monthly on a business account and set no minimum balance. Transaction, transfer and currency-conversion fees still apply.
Usually unclear business activity, a mismatch between registered activity codes and how the business is described, a sanctioned nationality, or a source of funds the bank cannot trace. Preparing the file properly prevents most of it.
Yes — GEL, USD and EUR side by side is standard, and most banks offer more. That is one of the genuine advantages of banking here.
Practically, yes. You pay your monthly tax bill to the treasury from a Georgian account, and having local banking makes the rest of your compliance considerably simpler.
They are useful alongside a Georgian account, not instead of one. You still need a local account to pay tax, and Georgian counterparties will generally expect one.
Not sure this is the right one?
Thirty free minutes with a tax specialist. We will tell you which structure actually fits — including when the answer is that you do not need us.