About This Service
Georgia has a modern banking system widely used by both residents and international clients. For foreign clients, however, opening an account is not always simply a matter of visiting a branch with a passport.
We assist our clients in preparing their application and communicating the purpose of the account clearly to the bank. Our service is primarily intended for Israeli and European clients who have a genuine connection with Georgia, including clients purchasing or owning real estate in the country.
Depending on the client's circumstances and needs, we assist with applications to leading Georgian banks. The appropriate bank is selected individually according to the client's citizenship, residency, source of funds, expected account activity and purpose of opening the account.
What We Do for Our Clients
C100P Limited provides comprehensive assistance with the Georgian banking process, including:
- Selecting an appropriate Georgian bank
- Preliminary review of the client's circumstances
- Preparing the application for account opening
- Assistance with KYC (Know Your Customer) procedures
- Assistance with compliance and source-of-funds documentation
- Communication and individual negotiations with the bank
- Opening accounts in Georgian Lari (GEL) and, where available, additional currencies
- Assistance with obtaining Visa or Mastercard bank cards
- Assistance with obtaining a Georgian mobile number where required
- Setting up internet and mobile banking
- Assistance with additional requests received from the bank
- Banking support related to a planned property purchase in Georgia
The services are provided based on a Power of Attorney, advised by our specialists.
Documents & Compliance
Bank requirements vary depending on the applicant and the intended transactions. In addition to a valid passport, the bank may request documents confirming:
- Residential address
- Tax residency
- Employment or business activity
- Income
- Source of funds
- Existing bank accounts
- Origin of funds intended to be transferred to Georgia
We carefully review the available documents in advance and help present the client's circumstances to the bank in a clear and organised manner.
How the Process Works
- Initial assessment. You tell us your citizenship, country of residence and the purpose for which you require the Georgian account.
- Bank selection. We review your circumstances and determine which Georgian banking option is most appropriate.
- Document preparation. We prepare the application and identify the documents likely to be required for KYC and compliance.
- Bank application. The application is submitted and the required identification and compliance procedures are completed.
- Additional compliance. If the bank requests further information concerning income, source of funds or the planned property transaction, we assist with preparing the response.
- Account activation. Following bank approval, we assist with the practical setup of the account, banking application, cards and other required services.