Georgian Bank Account for your Business 

A Georgian business bank account enables you to:

• Receive payments from clients locally and internationally

• Pay taxes, salaries, contractors, and operational expenses

• Issue invoices and sign commercial contracts

• Maintain transparent financial records

• Comply with Georgian tax and corporate regulations
  
  

An Individual Entrepreneur (IE) is one of the most popular business forms in Georgia, especially among freelancers, consultants, and small business owners.

Key Features

• Account registered under the entrepreneur’s name

• Suitable for service-based and small-to-medium businesses

• Supports Small Business Status (1% tax on turnover up to 500,000 GEL, where applicable)

• Can receive international payments and issue invoices
  
  

Typical Requirements

• Valid passport

• IE registration certificate and Tax ID

• Proof of business activity (if requested)

• KYC compliance with the bank
  
  

IE business accounts are generally faster to open and easier to manage, making them ideal for solo founders and digital entrepreneurs.

Depending on the nationality of business owner and nature of business process might take from 3 to 7-10 business days.

An LLC is a separate legal entity and is suitable for scalable businesses, partnerships, and companies planning to hire staff or attract investment.

Key Features

• Account opened in the company’s legal name

• Supports multiple shareholders and directors

• Enables contract signing, payroll, and corporate expenses

• Suitable for higher turnover and structured operations
  
  

Typical Requirements

• Company registration certificate
  
  

• Charter and founding documents
  
  

• Taxpayer Identification Number (TIN)
  
  

• Director and shareholder identification documents
  
  

• Proof of registered legal address
  
  

• Bank KYC and compliance procedures

Business Activity & Local Connection Requirements

When opening an LLC bank account, banks may — and in most cases will — request supporting documents that confirm the company’s actual business activity, such as:

• Commercial contracts or agreements with clients or partners

• Invoices or projected billing documents

• Bank statements (if the company has prior activity)

• Description of business operations and revenue sources

Additionally, banks often assess the company’s connection to Georgia, which may be supported by documents such as:

• Contracts with Georgian companies or clients

• Office lease agreements or registered business premises

• Employment or service agreements with local contractors

• Evidence of ongoing or planned economic activity in Georgia

Additional Compliance Considerations

Banks reserve the right to request additional documents or clarifications in accordance with their internal compliance and risk assessment policies. Requirements may vary depending on:

• Business sector

• Ownership structure

• Transaction volumes

• Country of origin of shareholders or clients
  
  

LLC accounts provide greater operational flexibility and credibility when working with partners, suppliers, and international clients.

Depending on the nationality of business owner and nature of business process might take from 5 to 12-15 business days.