Managing financial activities

To conduct full-fledged financial activities in Georgia, individuals and companies need a bank account. A local bank account allows foreign nationals to conveniently make purchases and transfers. Companies gain access to internet banking, acquiring services, and business cards, enhancing their financial operations.

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Choosing a bank

TBC Bank

The leader in the Georgian banking system with assets of $9.7 billion and a market share of 39.5%. Accounts can be opened within an hour. They offer mobile, internet, and SMS banking services, as well as Visa and MasterCard payment cards.

Bank of Georgia

The second-largest bank in Georgia with assets of $9.6 billion and a revenue of 343 million lari. It has over 300 branches and 2.6 million users.

Credo Bank

A prompt bank with assets of $758 million. It offers a simplified account opening procedure for foreign nationals and has specialized branches in Tbilisi.

Preparation of documents

To open a personal account for non-residents, the following are required:

Passport;
Georgian SIM card;
Bank statements for six months (at least three months to show turnover);
Documents confirming the source of funds.

To open a corporate account, the following additional documents are needed:

Extract from the Georgian registry of legal entities;
Information on the ultimate beneficiaries of the company;
Other documents as requested by the bank (e.g., office lease agreement).

Capabilities of Georgian banks

Modern online banking system

Issuance of corporate bank cards

Payment signing via the Digipass app

Instant international money transfers

Deposits with favorable interest rates

Remote Financial Management

Even if you are in another country, you will be able to manage the finances of your Georgian company and withdraw cash. Jara Accounting will help you choose a bank and open an account for personal and business use.

Testimonials from our customers

Leo

Novenber 15, 2022

Worked for several years.

Great service. Special thnx to Tamara Selashvili for her great support on even minor issues.

Tatiana Tiurikova

June 20, 2024

I asked for help from a residence permit.

The documents seem to have been prepared quickly, but the communication is simply terrible. I tried to communicate with Tamara, well, how to communicate, write and call several times a day in the hope of an answer. Almost all questions were simply ignored, it was necessary to obtain a bank statement, but no one answered which one specifically, it took several days to agree on the date of submission, because when I proposed a date, Tamara disappeared before this date, and an hour before the proposed time she wrote that she could come . And so 3 times In WhatsApp with a business account and in the mail the situation is no better. The average response time is about a week. There are no questions for the lawyers; it was the communication with the managers that apparently spoiled the impression. I'm surprised that for such serious money you have to run after it so much

Temuraz Akhvlediani

August 23, 2023

I have been working with Jara Accounting for more than a year now

I have been working with Jara Accounting for more than a year now and all I say is that they are super professional and responsible for work that they do. Also wanted to mention that their client service is beyond helpful. Recommend 10/10

Vsevolod Konyukhov

November 21, 2023

Very professional, quick and client-oriented!

Great office, nice coffee and the best manager Tamar! Highly recommend! I've used their services on several occasions and always with a satisfactory result. Business registration, tax services, residence permit (I got it), everything was superb. დიდი მადლობა!

Tamaz Makharadze

October 28, 2023

I have worked closely with Jara accounting within the last 2 years.

Have the best experience with those people, especially with accountant Nata and one of the best manager - Tamar. I give huge recommendation to Jara team, and you can trust them in every field.

Viacheslav Yaremenko

November 19, 2023

We have been working with Jara for almost two years now.

As in any relationship, there may be communication crises over the long term, but all tasks are completed and goals are achieved. I'm happy. The company has expertise in its field, operates with a sufficient flow of clients to have its own statistics and knows the nuances that will make life easier.

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