Setting up a business in Georgia is quite a simple, and opening a business bank account is a key step to ensure smooth financial operations. Whether you’re starting a small business or expanding your existing company, we offer a complete service to guide you through the process.
Company Registration & POA Drafting
Before you can open a business bank account, your company must be officially registered in Georgia. We offer a full-service solution, handling all legal paperwork and company registration. Once your company is set up, we draft the necessary Power of Attorney (POA) for a representative to open the account on your behalf.
Notarized POA & Apostille
The POA document must be notarized, apostilled, and translated into Georgian to comply with local regulations. We streamline this process by providing an easy-to-follow POA template and covering the translation fees, ensuring there are no delays.
Choosing the Right Bank for Your Business
We help you select the ideal bank for your business, whether you need a local financial institution or an international one. We take into account your specific business needs, ensuring that the bank aligns with your financial goals.
Submitting the Application & Handling Compliance
Once the bank is selected, we prepare and submit a strong application on your behalf, ensuring that all required documentation is in place. We handle all communications with the bank to ensure compliance with Georgian financial regulations and international Anti-Money Laundering (AML) laws.
Ongoing Support After Account Opening
After your business bank account is opened, we assist with setting up online banking, issuing business debit/credit cards, and ensuring you have access to all relevant banking services.
Key Considerations for Opening a Business Bank Account in Georgia
- Approval Process: The final approval depends on the bank’s internal policies. While most applications are successful, we prepare a strong application to increase your chances of approval.
- Reapplication at No Extra Cost: If your application is rejected, we’ll assist with reapplying to another bank at no additional cost to you.
- Compliance with AML Regulations: Your business must comply with Georgian banking regulations and international AML standards for successful approval.
Starting a business in Georgia is easy, and we ensure that opening a business bank account is just as simple. Let us take care of all the legalities and paperwork, so you can focus on growing your business. Contact us today for a seamless, professional experience!
