Opening a business account for individual entrepreneurs in Georgia
Georgia Assistant offers assistance with opening a business account for individual entrepreneurs in Georgian banks
500 GEL
within 5 days
Opening a business account for individual entrepreneurs in Georgia with Georgia Assistant
If you want to open a bank account for an individual entrepreneur in Georgia, we are ready to help you at every stage of this process. Our company specializes in providing comprehensive support in opening accounts for individual entrepreneurs, which allows you to easily take advantage of the Georgian banking system and work with counterparties around the world.
The price includes:
assistance with opening an account for individual entrepreneurs at Bank of Georgia or TBC, employment contract, filling out questionnaires, support at the bank.
Required documents:
passport, Georgian phone number, email, statement from the current bank, power of attorney or personal presence
Why is it worth opening a business account for an individual entrepreneur in Georgia?
- Low tax rates: Georgia is known for its favorable tax conditions. This allows entrepreneurs to keep more profits and reinvest them in business development.
- Minimal bureaucracy: The procedure for opening an account and registering a business in Georgia is as simple as possible. This allows you to reduce the time and effort spent on administrative tasks.
- Convenient international transactions: Georgian banks offer convenient conditions for conducting international transactions, which is especially important for entrepreneurs working with foreign clients and partners.
- Currency control: There is no strict currency control in Georgia, which allows you to freely manage funds in various currencies.
Our services for opening a business account for individual entrepreneurs
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- Consultations and planning: Our experts will help you choose the bank and account currencies that best suit your needs.
- Document preparation: We will take care of all paperwork, including preparing the necessary documents and submitting them to the bank.
- Account opening support: Our specialists will accompany you at every stage of the process of opening a business account, ensuring its successful completion.
- After-sales support: We offer further support services, including assistance in account management and financial advice.
Step by step process of opening a bank account in Georgia
Choosing a bank
Assistance in choosing the most suitable bank and account currencies.
Preparation of documents
Collection and preparation of the necessary documents for opening an account.
Submitting an application
Submitting an application to open an account at the selected bank.
Gaining access
Opening an account is completed by receiving all necessary accesses and instructions.
Using the account
You can start using your new account and work with counterparties all over the world.
Why us?
5000+
clients per year
10+
years of experience
5+
all reviews
FAQ
You do not necessarily need an account in a Georgian bank to conduct business.
You can use any international payment system, such as Wise, Payoneer, PayPal, etc.
However, for convenience and business purposes, you can use an individual entrepreneur business account in one of the best banks in Georgia.
A passport, Georgian phone number, IP registration documents, and proof of address are required. Additional documents such as contracts with counterparties and statements from the current bank may be requested depending on the bank.
Opening a business account for an individual entrepreneur in Georgia usually takes from 1 to 5 business days, depending on the bank and the completeness of the documents provided. Also, the period can be extended by 3-5 days with an extended KYC check.
Recently, when opening a business account by proxy, there are many restrictions associated with the lack of identity verification.
At the moment, by proxy, banks open accounts in one currency, do not provide access to the personal account without personal presence or simply refuse.
In this regard, we recommend opening accounts with personal presence in Georgia.
Most Georgian banks offer accounts in different currencies, including GEL, USD and EUR. This allows for convenient international payments.
Another great advantage is the fact that there are no currency controls in Georgia and, in 99% of cases, you will not need to report on incoming payments from abroad.
Yes, Georgian banks allow opening multiple accounts in different currencies for one individual entrepreneur, which is convenient for conducting international transactions.
From a business account of an individual entrepreneur you can:
- make money transfers to your personal card in a Georgian or foreign bank,
- pay salaries to employees by transferring money to the cards of other individuals,
- make transfers to foreign counterparties and to international payment systems,
- withdraw money from an ATM with a business card (if available),
- make any other payments via Internet banking.
Feedback from our clients
