Multi-currency corporate accounts with same-day approval. No minimum balance, no monthly fees at most banks, and English-speaking support throughout the process.
Same-Day Approval
USD, EUR, GEL Accounts
English Support Throughout
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About
Why Open a Business Bank Account in Georgia?
Georgian banks offer surprisingly modern banking infrastructure with a straightforward approach to foreign entrepreneurs. You get multi-currency accounts (GEL, USD, EUR) under one roof, functional online banking, and none of the bureaucratic nightmares common in Western Europe.
For business owners, a local corporate account adds legitimacy with Georgian clients and partners, simplifies tax reporting, and makes receiving payments in local currency seamless. Most banks offer business accounts with no monthly maintenance fees and no minimum balance requirements.
Whether you're running an Individual Entrepreneur setup or a full LLC, a dedicated business account keeps your finances clean and your accountant happy.
Banks We Work With
Georgia's Leading Banks
We'll help you choose the right bank for your business needs.
Learn more
Bank of Georgia
Georgia's largest bank
Best mobile app and online banking
Extensive ATM network
Premium business services available
English support available
Learn more
TBC Bank
Strong digital banking platform
Popular with tech companies
Competitive FX rates
Good international transfer options
English support available
Learn more
Basis Bank
Smaller, more personalized service
Often faster account opening
Flexible with documentation
Good for startups
English support available
Learn more
Credo Bank
Business-focused institution
Competitive rates for SMEs
Growing branch network
Straightforward requirements
English support available
Bank availability and requirements change periodically. We'll recommend the best current option based on your specific situation during consultation.
Account Features
What You Get with a Georgian Business Account
Process
How to Open Your Business Bank Account
Simple process. We handle the complexity.
1
Confirm Your Business Registration
You'll need an active Individual Entrepreneur or LLC registration first. Don't have one yet? We can register your business and open your bank account in the same week.
Prerequisite
2
Prepare Documentation
We'll tell you exactly what to bring based on your business type and chosen bank. Typically just your passport, business certificate, and proof of address. We prepare any Georgian-language documents needed.
1 business day
3
Bank Visit With Our Team
We accompany you to the bank, handle all communication in Georgian, and ensure the application is submitted correctly. No miscommunication, no missing documents.
1-2 hours
4
Account Activation
Most accounts are approved same-day. You'll receive your account numbers, online banking credentials, and can order a debit card. Start receiving payments immediately.
Same day
Requiremens
For Individual Entrepreneurs
Valid Passport
Must have at least 6 months validity
IE Registration Certificate
From Public Service Hall
Proof of Address
Utility bill, bank statement, or rental agreement from home country (some banks accept Georgian address)
Tax ID (TIN)
Your Georgian tax identification number
For LLCs
Valid Passport(s)
For all directors and signatories
Company Extract
Recent extract from Business Registry
Company Charter
Founding document showing ownership
Director Resolution
Authorizing account opening (we prepare this)
Proof of Address
For directors/signatories
Some banks may request additional documentation such as a brief business description, expected transaction volumes, or source of funds explanation. We'll advise you on specific requirements during consultation.
Account Comparison
Personal vs Business Account: Which Do You Need?
Even if you're a solo freelancer with an IE, we recommend a dedicated business account. It makes tax reporting simpler, looks more professional to clients, and keeps your personal finances separate. Opening one costs nothing extra.
Pricing
Bank Account Opening
₾800 GEL
≈ $300 USD + VAT where applicable
What's Included
Bank selection consultation
Document checklist and preparation guidance
Georgian-language document preparation
Full accompaniment to bank branch
Translation and communication support
Application submission assistance
Online banking setup guidance
Bank fees (if any) are paid directly to the bank and are not included in our service fee. Most Georgian banks charge zero or minimal fees for business account opening.
About Us
Why Open Your Account with Us?
Banking in Georgia is straightforward - until it isn't.
Global Transfers
Sending and Receiving International Payments
What to expect with Georgian bank accounts
Incoming Transfers
Georgian banks accept SWIFT transfers from virtually anywhere. Typical arrival time is 1-3 business days depending on the sending bank. SEPA transfers from European banks usually arrive same-day or next-day for EUR.
Outgoing Transfers
You can send SWIFT transfers to any country not under sanctions. Fees typically range from $15-40 depending on the bank and destination. Online banking makes international transfers straightforward.
Currency Conversion
Convert between GEL, USD, and EUR directly in your online banking. Rates are competitive - usually within 1-2% of mid-market. Large transfers may qualify for better rates if you call the bank.
Georgian banks comply with international banking regulations. For larger transfers (typically over $10,000), the bank may ask for supporting documentation such as invoices or contracts. This is standard practice, not a red flag.
Alternatives
What About Wise, Payoneer, or Other Fintech?
They work too, here's how they compare:
Georgian Bank
Wise Business
Payoneer
GEL Account
Yes
No
No
Local Bank Transfers
Yes
No
No
USD/EUR Accounts
Yes
Yes
Yes
Debit Card
Yes
Yes
Yes
Works for Tax Reporting
Yes
Yes
Yes
Georgian Business Registration Required
Yes
No
No
Best For
Full local operations
International payments
Marketplace sellers
Most entrepreneurs in Georgia use both: a Georgian bank account for local operations and tax compliance, plus Wise or similar for low-cost international transfers. They complement each other well.
FAQ
Your Questions Answered
Services
