Today, one of the main directions of Georgia’s economic policy is the creation of a favorable investment climate in the country and attraction of foreign capital. And foreign entrepreneurs are really starting to open deposits in Georgian banks, having appreciated the low income tax and the more than loyal attitude of the authorities towards non-resident businessmen.
Today it is very easy to open an account in one of the Georgian banks. However, you cannot open an account remotely, and this is a significant disadvantage. The personal presence of the owner is also a prerequisite, but you can come after the documents have been reviewed and a positive decision has been made on your application.
The peculiarity of the Georgian banking services market is that it is full of profitable offers designed to help foreign entrepreneurs achieve their business goals. In Georgia, the exchange of data on bank accounts is prohibited by law, so private information relating to any financial transactions is absolutely confidential.
TBC Bank is a financial institution that is rightfully considered one of the best. The bank offers a huge range of services for both citizens of the country and foreigners. At the same time, it should be taken into account that the list of services available to non-residents differs from that which Georgian citizens may use. For more detailed information, it is recommended to clarify it directly with the bank’s employees.
MAIN SERVICES OF TBC BANK
TBC Bank works with both private and corporate clients offering a wide range of banking products and services:
- Possibility to open multi-currency accounts;
- Opening of deposit accounts;
- Lending;
- Money transfers;
- Work in the Internet banking system;
- Currency exchange including online;
- Insurance.
WHAT DO YOU NEED TO OPEN AN ACCOUNT WITH TBC BANK?
To open a multi-currency account in a Georgian bank, you need to go through several stages:
- If you decide to open an account with a foreign bank, it would be wise to take legal advice to avoid possible risks, as well as save time and insure against incorrect filling of forms.
Opening an account with TBC Bank is quite simple compared to other banks. To do this, you shall provide
- Application for opening an account in the prescribed form;
- Notarized copy of the international passport.
All documents shall be translated into Georgian and apostilled. In case of submitting a package of documents for preliminary consideration, they can also be submitted in English.
In rare cases, it is not possible to notarize a passport. You may also translate all the completed pages of a passport into Georgian, attach them to a copy of your passport, and then submit them to a notary for certification.
Another advantage of opening an account in a Georgian bank is the relatively short time it takes to open an account. From the moment of submission of all correctly completed documents to the final decision, it usually takes up to four working days. Once again, please note that the personal presence of the account holder is required to open an account.
Our company employs specialists with extensive experience who thoroughly know all the intricacies of the procedure for opening an account in a foreign bank for a non-resident. We will help you save your time and nerves and become a client of the selected bank in the shortest possible time.
Oleg Venediktov
General counsel of VIP Departament
Also, our company provides licensing services for various types of activities
You can get additional information by phone:
+35725263434 or email: assist@legalawyers.com
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