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Opening an account in Bank Georgia
- Georgia is striving for EU membership, therefore it will comply with all European and international standards;
- tariffs for opening, servicing and transactions are more loyal than in European banks;
- the probability of default of a Georgian bank is extremely low due to a reliable system of credit collateral;
- the entire banking sector speaks Russian;
- some Georgian banks allow non-residents to open an account without a personal visit;
- there are no requirements for minimum balance and down payment;
- all accounts have an international IBAN number;
- in Georgia, it is possible to open an offshore account for a company registered in a tax-free jurisdiction.
A key feature of opening an account in a Georgian bank is the requirement that the client has a business connection with the country. First of all, this applies to non-resident clients who need to confirm one of the following facts: the presence of a local office, employees, contractors, partners or other business activities in the country. In addition to this requirement, some banks may request a personal visit to the main branch in order to physically identify the client and sign the necessary documents.
The banking sector of Georgia is not very diverse, there are only 17 banks, but it is distinguished by its stability and innovative development. After all, almost all of these banks have many years of experience and reputation, and also keep up with the times. Therefore, for both individuals and legal entities that are associated with Georgia, opening a bank account here will be a symbiosis of European standards and local affordable rates.
For assistance in preparing documents or other organizational issues, please contact our specialists. Thanks to our long-term partnership with local banks, we will ensure the opening of an account for a non-resident and save you from bureaucratic worries.
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