Who We Help
- Companies with a foreign element (non-resident founder or director).
- Georgian LLCs and JSCs.
- Companies with complex corporate structures.
- Business owners who cannot travel to Georgia in person.
What Is Included
- Analysis of the company structure and selection of a suitable bank.
- Preparation and review of the document package.
- Communication with the bank on behalf of the client.
- Assistance through the compliance procedure.
- Remote account opening by power of attorney where the bank permits.
What the bank checks about the company
The Law of Georgia on Facilitating the Prevention of Money Laundering and the Financing of Terrorism (2019) requires the bank, before opening an account, to:
- identify and verify the company itself using a reliable and independent source
- identify and verify its beneficial owner
- establish the purpose and intended nature of the business relationship
- monitor the business relationship over time
Beneficial owner: a natural person who directly or indirectly holds 25% or more of the shares or voting rights in the company, or exercises ultimate control over it.
If the bank cannot apply these measures, the law prohibits it from establishing the business relationship. So with a complex structure the bank needs to see the full ownership chain up to natural persons, including through foreign corporate founders. If the company does not exist yet, the procedure is covered on our LLC incorporation in Georgia page.
Is the company's money in the account insured?
The Deposit Insurance Agency insures deposits of legal entities as well as individuals, both residents and non-residents, in all licensed commercial banks and microbanks in Georgia.
| Item | Rule |
|---|---|
| Current limit | GEL 50,000 per depositor per bank |
| Limit from 1 January 2027 | GEL 100,000 |
| Several company accounts in one bank | added together within one limit |
| Accounts in different banks | insured separately in each bank |
| Account currency | does not affect the limit |
Deposits not insured include those of financial institutions and administrative bodies, and of bank shareholders holding 5% or more. Sources: Deposit Insurance Agency, who is insured and the announcement of the GEL 100,000 limit of 28 September 2026. The same rules for personal accounts are described on our personal bank account in Georgia page.
FAQ
Why do Georgian banks reject corporate account applications?
Georgian banks apply strict compliance checks to legal entities. Common reasons for rejection include an unclear beneficial ownership structure, high-risk business sectors, an incomplete document package, or insufficient connection between the company and Georgia.
Who does the bank treat as the company's beneficial owner?
A natural person who directly or indirectly holds 25% or more of the shares or voting rights in the company, or exercises ultimate control over it. This is how the Georgian anti-money laundering law defines a beneficial owner. The bank must identify and verify this person before opening the account.
Is money in a corporate account insured?
Yes. The Deposit Insurance Agency insures deposits of legal entities, residents and non-residents alike. The limit is GEL 50,000 per depositor per bank and rises to GEL 100,000 from 1 January 2027. All of the company's accounts in one bank are added together.