Which IT and software companies may apply?
A Georgian LLC or an eligible foreign company may request a corporate account for software development, SaaS, IT consulting, cybersecurity, data services, product development or related technology activity. Registration alone is not enough. The bank must understand what the company actually builds or delivers, who pays it, where the work is performed and why a Georgian banking relationship is commercially useful.
A credible case identifies the product or service in ordinary language. Explain whether the company licenses software, charges subscriptions, invoices development milestones, provides managed services or earns platform fees. The presentation should distinguish current operations from planned features and should not rely only on labels such as “technology,” “digital solutions” or “innovation.”
Pre-revenue companies can still be assessed, but the founders should show relevant experience, committed capital, a development plan and objective evidence such as an MVP, repository history, domain, product materials, letters of intent or signed development agreements. The selected bank remains free to decline or request enhanced review.
Show where the technology business is genuinely operated
Banks assess the people behind the software. State where founders, directors, employees and contractors are located; who writes code; who manages customers; and where strategic decisions are made. A Georgian company with no Georgian personnel can still have a lawful international model, but it should explain why Georgia is the chosen incorporation and banking location.
Useful substance evidence can include employment or contractor agreements, professional profiles, office or coworking arrangements, Georgian tax registration, local management activity and records of development work. If the company is part of a group, explain which entity owns the product, employs the team, signs customer contracts and bears operating costs.
Avoid presenting virtual infrastructure as physical substance. Cloud hosting, a registered address and a website support the business but do not prove where management and performance occur. A transparent explanation is stronger than attempting to manufacture a local presence that does not exist.
Connect contracts, invoices and product evidence
The KYC file should connect the commercial description to evidence. SaaS companies can provide subscription terms, customer agreements, invoices, platform screenshots and a schedule of recurring revenue. Development businesses should show statements of work, milestones, deliverables, hourly or fixed pricing and acceptance procedures.
If customers are not yet signed, provide a realistic pipeline rather than invented turnover. Identify the industries and countries being targeted, expected contract size and route to market. When founders previously operated the same activity elsewhere, their professional history and prior company records can help explain capability, but the new company’s projected revenue must still be presented separately.
Open-source code, app-store listings, technical documentation and product demonstrations can support legitimacy, but banks do not perform a technical investment review. The objective is to make the source and purpose of payments understandable and verifiable.
Build a realistic technology transaction profile
Specify expected monthly turnover, transaction count, currencies, customer countries, contractor locations and principal expense categories. Common incoming flows include subscription revenue, software licences, implementation fees and development invoices. Outgoing payments may include payroll, contractors, cloud services, advertising, legal costs and group-company charges.
The forecast should match the company’s maturity. A two-person startup should not present enterprise-scale turnover without contracts or financing. Conversely, an established software company should not understate activity merely to make the application appear simple. Unexpected volumes can later trigger payment reviews.
Explain payments through processors, marketplaces or merchant platforms separately from direct bank transfers. Identify the platform, settlement entity, payer descriptor, refund model and countries. The bank should be able to reconcile the declared business with the names that will actually appear on account statements.
Clarify ownership, intellectual property and group relationships
Provide an ownership chart through to every natural-person ultimate beneficial owner. If shares are held by another company, include current registry and constitutional records for each layer. Describe voting rights, options, convertible instruments and any nominee or trustee arrangement.
Technology groups often separate intellectual property, development and sales. Identify who owns the code, trademarks and domains; whether licences are exclusive; and how intercompany charges are calculated. If IP was transferred by a founder or related company, document the assignment and valuation logic where relevant.
Intercompany service fees, royalties, loans and dividends must have a legal and commercial basis. The account should not operate as an unexplained collection point for group revenue. Consistent agreements and accounting treatment help the bank understand why funds move between connected entities.
Explain founder capital, investment and source of wealth
A new IT company is often funded by founder capital, shareholder loans or an external investment round. Identify the contributor, amount, instrument and intended use. The bank may request the contributor’s statements and evidence showing how the money was earned or accumulated.
For venture or angel funding, provide the subscription agreement, cap table, investor identity and payment route. A SAFE, convertible note or token-related instrument should be disclosed accurately. The legal form of the funding should match corporate records and accounting.
Crypto-derived wealth or revenue requires early disclosure. Acceptance varies according to the exact activity, exchanges, wallets, transaction history, licensing exposure and countries. Do not describe a crypto-funded technology business as ordinary consulting if the bank will see digital-asset proceeds.
Technology-company KYC documents
A typical corporate file includes registry extract, charter, director and shareholder records, UBO chart, representative authority, tax details, business description, contracts, invoices, website materials and statements. Personal KYC is normally required for directors, signatories and beneficial owners.
Add sector-specific evidence: product deck, subscription or licence terms, development agreements, app or platform links, IP assignments, contractor records, processor statements and funding documents. Foreign records may require certification, apostille or legalisation and Georgian translation depending on the bank and route.
Documents should be recent, readable and mutually consistent. Names, domains, product descriptions and contracting entities should match. Our documents and source-of-funds guides provide a starting point, but the final checklist should follow the actual technology model.
Open locally in Tbilisi or assess a remote route
An authorised representative can attend in Tbilisi for a corporate application. Our published fee for an eligible, straightforward in-person corporate structure starts from €300 and includes company and UBO preparation, appointment coordination and onboarding follow-up. Complex structures or activities may require a separate scope.
Remote opening may be assessed when the profile, bank and signatory route are suitable. It can require a bank-specific Power of Attorney, certified corporate documents, video identification, originals and courier delivery. Remote eligibility must be confirmed before documents are notarised.
Batumi coordination may be possible by prior arrangement, but Tbilisi generally offers broader corporate-specialist access. No route guarantees approval or a fixed timeline. The bank may ask technical, commercial or source-of-funds questions after submission.