Bank of Georgia is the pacesetting Georgian bank with a head office in Tbilisi. An investment company BG Capital is owned by the bank.
The bank provides services in the areas of investment, retail services, monetary assets management, etc. Shares of the Bank of Georgia are listed on the stock exchanges of Georgia and London.
OPEN AN ACCOUNT IN BANK OF GEORGIA
For natural persons and legal entities – 10 GEL.
The bank opens accounts for any companies, incl. those that are registered in classic offshore jurisdictions.
The bank has no representative offices.
With the means of Internet-banking.
Account maintenance for natural persons and legal entities – 10 GEL per year.
The process of opening an account begin with the preliminary stage, which includes gathering and providing us with the documents needed for account opening. The term of preparatory stage depend on you.
The stage of review of the documents by bank and making a decision regarding opening an account takes from 5 to 10 business days since the documents have been delivered to the bank. The opening of the account itself takes place within 1-2 business days from the moment of signing the forms and submitting all the necessary original documents to the bank's main office.
Bank of Georgia follows KYC policy and reserves the right to request additional information or documents what may lead to account opening term exceeding, as well as refusing of account opening without reasons explanation.
Russian/English speaking.
American Express, Visa, MasterCard, Maestro.
Deposits, trade financing, safe deposit box.
Forms for signing are provided at the head office of the bank during the personal meeting.
Company’s documents:
- Certificate of Incorporation under apostille*;
- Memorandum and Article of Association under apostille*;
- Minutes of the first director designation under apostille*;
- Certificate of Good Standing under apostille, if the company is older than 6 months at the time of account opening;
- Certificate of Incumbency under apostille, if the company is older than 6 months at the time of account opening.
*These documents may be apostilled in one set. For English companies a certification by a solicitor is accepted.
Documents for the account holder:
- original of national passport;
- original of foreign passport;
- notarized translation of the national passport into English;
- notarized of foreign passport.
Documents for the beneficiary:
- original of national passport;
- original of foreign passport;
- notarized translation of the national passport into English;
- notarized of foreign passport;
- CV;
- original of bank reference;
- documents verifying the source of income (wealth) of the beneficial owner. These could be the following:
letter of employment verification;
tax declarations;
documents confirming the receipt of the inheritance;
documents confirming the receipt of the funds as a gift, as well as its availability on the accounts;
documents confirming the sale of the real/movable property;
if the beneficial owner is a founder of the company – documents on that company, statements from the corporate accounts, tax returns, documents verifying the dividend distribution;
if the beneficiary owner is a private entrepreneur – extract from the registry, tax declarations on entrepreneur, statements from the bank accounts;
bank reference letter confirming the deposit in the bank, as well as the documents confirming the source of these funds;
other documents, reflecting the sources of income.
Documents on nominees – individuals:
- copy of passport (the bank may request to make a notarial certification or apostille on this copy).
Documents on nominees – legal entities:
- copies of all statutory documents under apostille;
- Certificate of Good Standing affixed with apostille no older than 6 months;
- Certificate of Incumbency affixed with apostille no older than 6 months.
You should visit our office in order to fill in the questionnaire, to make the preliminary check of the documents as of company, attorney (account holder) and beneficiary. If the bank's decision to open an account is positive, a personal visit of the account holder and beneficiary to the bank’s main office in Tbilisi is required.
For further consultation concerning the terms of account opening in Bank of Georgia please contact our office. We will respond to any questions you may have and will help you open an account in Bank of Georgia or any other bank out of 70 foreign banks you may choose from.
