Business banking assistance for Georgian and foreign-owned companies. We prepare the company, shareholders, UBOs, activity and expected transactions for a serious bank review.
We review the company, shareholder, director, ultimate beneficial owner, business activity, counterparties, expected turnover and required currencies before approaching the bank.
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AIC and corporate KYC preparation
We prepare the bank’s company-information and compliance profile and organise registry documents, contracts, invoices, website evidence and source-of-funds materials.
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Joint bank visit in Tbilisi
The company representative attends in person. We go to the bank together, support communication and help present the business purpose and expected account activity clearly.
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Multi-day onboarding follow-up
Corporate opening typically takes several days rather than one appointment. If the bank sends additional questions by email, we help prepare clear, consistent answers and supporting evidence.
Included in our service
One team, from profile to access.
✓Company and UBO eligibility review
✓Corporate AIC/KYC questionnaire assistance
✓Business-model and transaction-flow presentation
✓Tailored supporting-document checklist
✓Appointment coordination in Tbilisi
✓Joint attendance at the bank meeting
✓Follow-up email and compliance-question support
✓Digital-banking and signatory guidance
Which companies may apply for Georgian business banking
A Georgian LLC with foreign shareholders may apply for a corporate account, as may certain foreign companies where the bank offers an appropriate route. Incorporation does not create an automatic right to banking. The bank assesses whether the legal entity has a credible business, transparent ownership and a reasonable need for the proposed Georgian relationship.
Suitable cases can include trading, consulting, technology, logistics, investment, property, holding and service businesses, but acceptance depends on the real facts. The bank considers where management takes place, who performs the work, where clients and suppliers are located, which currencies are used and why Georgia is operationally relevant.
A recently incorporated company can apply without years of statements, but it must explain how it will start, who funds it and what evidence supports projected activity. An established company should provide operating history. Empty descriptions such as “general business” or “international trade” are not enough for a professional KYC presentation.
Directors, shareholders and ultimate beneficial owners
The bank must identify the company, authorised representatives, shareholders and every ultimate beneficial owner. A simple structure with one individual owner is easier to explain than several holding companies, nominees, trusts or jurisdictions, but complexity is not automatically prohibited when it is lawful, transparent and commercially justified.
Prepare a clear ownership chart showing each entity and percentage through to natural persons. Explain who controls strategic decisions, who operates the account and where directors and owners live and pay tax. If a signatory is not a director, the authority should be properly documented.
Corporate certificates must be current and consistent. Foreign documents may require certification, apostille or legalisation and Georgian translation. Do not conceal an inactive shareholder, nominee arrangement or indirect controller. A bank can request personal KYC and source-of-wealth evidence from owners even when the company itself will receive ordinary operating revenue.
Present the business model in bank-ready language
The bank needs to understand what the company sells, who buys it, how delivery occurs and why payments will pass through Georgia. Describe products or services precisely. Identify target customers, principal suppliers, delivery channels, pricing model, staff or contractors, operating locations and any licences.
Evidence is more persuasive than a long promotional description. Useful material includes executed or draft contracts, invoices, purchase orders, a functioning website, professional profiles, licences, warehouse or office arrangements and records of prior activity by the owners. Projections should be connected to actual commercial steps.
If the Georgian company is part of a wider group, explain intercompany services, loans, dividends and cost allocation. If it is a holding company, identify the assets and investment strategy. If it trades goods, specify goods, origin, destination, shipping and customs route. The declared account activity must follow the described model.
Corporate and personal KYC documents
A corporate file normally includes a registry extract, charter or constitutional documents, founding agreement where applicable, registered address, director and shareholder records, ownership chart and proof of authority for the representative. The bank may also request tax registration, financial statements, contracts, invoices, website materials and licences.
Each director, signatory and beneficial owner should be ready with passport, residential address, tax residence, occupation, recent statements and source-of-wealth evidence. The company’s initial capital or shareholder funding should be traceable. A loan agreement alone may not explain how the lender obtained the money.
Documents should be complete, readable and recent. Confirm the required translation and apostille route before certification. For remote opening, originals and the Power of Attorney may need courier delivery. Our documents guide provides a starting framework, but the final checklist is company-specific.
Build a realistic corporate transaction profile
The KYC file should state expected monthly and annual turnover, number and average size of transactions, currencies, balances, cash use and incoming and outgoing countries. Identify main client and supplier categories and name important counterparties where already known.
Figures should match contracts, business maturity and owner experience. A newly incorporated consultant forecasting millions without staff, clients or prior history will attract questions. Conversely, understating activity can lead to transaction delays when actual payments arrive. Use a realistic first-year range and explain planned growth.
Payments should have an identifiable commercial purpose and supporting documents. Third-party receipts, unrelated pass-through flows, rapid movement of funds, payments from personal accounts and transactions involving countries outside the declared model may require explanation. We help create a transaction matrix so the bank can see how money, documents and business purpose connect.
Initial funding and the owners’ source of wealth
A new company often begins with shareholder capital or a shareholder loan. The bank may ask where those funds came from and whether the owner can support the amount. Prepare personal statements and evidence of salary, business income, dividends, investments, sale proceeds or other lawful wealth.
An operating company should explain retained earnings and revenue history through statements, accounts, tax records, invoices and contracts. If another group company provides funding, document the group relationship, source of the lender’s money, agreement terms and commercial purpose.
Do not circulate funds through multiple accounts merely to create a banking history. The clearest route is usually a direct, documented payment from the real source. Significant crypto-derived funding, cash accumulation or money from unrelated third parties should be disclosed during feasibility review because evidence and bank appetite vary.
Corporate opening in person or remotely
For a representative present in Tbilisi, our standard corporate assistance fee is €300 for a clear company structure. The scope includes company and UBO KYC preparation, appointment coordination, a joint banking visit and multi-day onboarding follow-up. Complex structures or activities can require a separate quotation.
Batumi may be possible by prior arrangement, but corporate-specialist availability should be confirmed. Tbilisi generally provides the broadest route for international business banking. The representative should have proper authority and be able to answer operational questions.
Remote corporate onboarding is assessed individually. It may require a bank-specific Power of Attorney, certified corporate documents, owner and signatory KYC, originals and a remote interview. Remote authority does not remove the bank’s right to request personal presence. Read our remote route and PoA guide.
Selecting the corporate bank
Bank choice should follow the activity rather than brand preference alone. Consider currencies, transaction countries, online banking, authorised-user controls, payroll, card needs, trade operations, premium relationship support and the bank’s appetite for the industry and ownership.
Bank of Georgia and TBC Bank have broad business services. Credo Bank, Basisbank and other licensed institutions can be relevant for some profiles. Our primary premium relationship is with Bank of Georgia and SOLO, but no relationship guarantees corporate acceptance.
Ask for current tariffs and understand transfer, conversion, account-package and card costs. A lower monthly package does not necessarily produce the best operational fit. Banks can revise products and acceptance rules, so recommendations are made against the facts and policy available during onboarding.
Corporate pricing, third-party costs and timing
The published €300 in-person fee applies to an eligible, straightforward corporate case with a representative in Tbilisi. It covers the agreed preparation and onboarding work, not bank approval. Remote, multi-owner, foreign-company, regulated or otherwise complex files are quoted after review.
Additional expenses may include bank tariffs, notary, apostille or legalisation, certified translation, courier and travel. Confirm the document route before ordering services. A foreign corporate chain can require certificates from more than one jurisdiction.
Timing depends on document readiness, company complexity, appointment availability and internal bank review. A new single-owner Georgian LLC may be simpler than a foreign holding structure, but no completion date is guaranteed. Plan operating invoices and capital transfers only after the bank confirms account availability.
Industries and structures requiring deeper review
Regulated financial services, payments, gambling, adult services, weapons, sanctions-sensitive trade, unlicensed investment activity and opaque crypto businesses can face restrictions or refusal. Import-export businesses may need detailed goods, shipping, origin, destination and counterparty evidence. Holding companies must explain assets and economic purpose.
Complexity also arises from nominee shareholders, bearer-like arrangements, trusts, frequent ownership changes, directors without operational knowledge, virtual-only presence and counterparties unrelated to the stated business. These facts should be disclosed, not disguised.
We do not advise applicants to rename or mischaracterise an activity to fit a bank. A truthful feasibility review is safer than an application that later contradicts transactions. Where professional licensing, tax or legal advice is needed, obtain it separately before banking submission.
Ongoing corporate KYC and account governance
Corporate KYC continues after account opening. The bank may request renewed registry documents, financial statements, contracts, invoices, tax records and explanations of particular transfers. Keep the bank informed about ownership, directors, signatories, address, website, activity and transaction-country changes.
Establish internal controls for payment approval, device access, cards and authorised users. Do not share credentials with accountants or consultants; use formal user permissions where the bank provides them. Reconcile account activity with contracts and invoices so evidence is available when requested.
If turnover or geography materially exceeds the original profile, update the bank before unusual payments arrive. The company remains responsible for taxes, accounting, sanctions compliance and lawful operation. BankAccount.ge provides onboarding assistance and agreed communication support, not outsourced management of the client’s bank account.
Corporate eligibility information to send first
Provide the company name, jurisdiction, registration number and date, activity, website, ownership chart, directors, signatories, nationalities, residences and tax residences. Add expected annual turnover, currencies, incoming and outgoing countries, main clients and suppliers, source of initial funding, preferred bank and whether the representative can visit Tbilisi or Batumi.
For an unincorporated project, explain the planned Georgian structure and owner background. For an existing business, state its operating history and provide a short summary of current contracts and statements. Do not send credentials or card information.
We will identify the likely route, documents, professional scope and evident limitations. A strong first summary saves time and reduces unnecessary certification. Use the enquiry form or contact our banking team by WhatsApp.
Corporate banking by activity
Prepare the business the bank will actually review.
Different companies require different evidence. Choose the guide closest to the real source of revenue, counterparties and transaction flow.