Georgian banking, set up via Power of Attorney.

What you get#

Three services that cover most foreign professionals' Georgian banking needs. Personal accounts at the two banks that serve foreign clients well. Corporate accounts paired with the right institution for your entity type. Brokerage accounts for portfolio holders building Georgian-located assets.

Multi-currency from the start — GEL, USD, EUR, GBP. Georgian banks also offer attractive GEL term deposits. Our October 2026 review of the National Bank of Georgia's comparison found annual effective rates around 9% at major banks and above 10% at some other banks. Standard digital banking with English-language interfaces. AmEx access via TBC Bank for personal cardholders.

What we do#

We deliver remote account opening through Power of Attorney across all three services — you don't fly to Tbilisi, our team handles the bank meetings on the ground in Georgia. We pair you with Bank of Georgia or TBC Bank based on profile fit (foreign-client treatment, currency mix, brokerage availability), and for brokerage we also work with Galt & Taggart. We file the application, attend the bank meetings, and deliver the activated account with digital banking access.

What's included#

• Bank pairing recommendation based on your profile
• Power of Attorney drafting, notarisation, and apostille coordination
• Application filing and follow-up with the bank
• Activated account with digital banking access and an onboarding briefing

The three services we deliver#

Personal Account — from €845#

Multi-currency Georgian personal account at Bank of Georgia or TBC Bank. Attractive GEL term-deposit opportunities, with rates depending on the bank and deposit term. International Visa or Mastercard debit, AmEx access at TBC Bank. Premium and Club packages are available from the bank, at the bank's own monthly fees. The cleanest entry point to Georgian banking for foreign individuals.

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Corporate Account — from €1,365#

Georgian corporate account for IE, LLC, Virtual Zone, International Company, or Free Industrial Zone entities, opened on your behalf via Power of Attorney once your Georgian company is registered. Foreign-owned LLCs face a substance gate: the bank requires a Georgian lease agreement plus at least one Georgian-paid local employee before account opening. We sequence the substance setup with the bank application.

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Brokerage Account — pricing on request#

Brokerage at Bank of Georgia, TBC Bank, or Galt & Taggart for multi-currency portfolio access. Holds securities at a Georgian licensed institution — can support an HNW Tax Residency Layer 2 plan (USD 500,000 of assets in Georgia), depending on the holdings. Final scope and pricing quoted after a free consultation, since portfolio profile varies substantially.

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Not sure which fits#

Most foreign professionals start with a Personal Account. Corporate Account follows once your Georgian entity is registered (typically Company Setup runs first). Brokerage Account fits portfolio holders with Georgian tax-residency considerations or HNW Layer 2 planning.

The Power of Attorney mechanism covers all three services — you sign once and we handle the bank work end-to-end. Detailed pricing including itemised line items and ongoing fees lives on /pricing/banking.

Why Happy Georgia#

Independent advisory. No tied bank, no referral fees, no kickback for steering you to one bank over another. We recommend Bank of Georgia, TBC Bank, or Galt & Taggart based on what fits your profile — currency mix, expected account activity, structure type, whether you want all services at one provider or split for specialist needs.

Foreign clients only. Our entire practice is foreigners setting up in Georgia. Every engagement starts from your own situation: where you live and pay tax, who your clients are, and what you plan to do in Georgia.

Fixed pricing, no tourist tax. The same rate for foreign and Georgian clients. We quote in EUR, we honor the quote, no surprises later.

Frequently asked questions#

One bank or multiple banks?#

Most foreign clients find one bank sufficient — Bank of Georgia or TBC Bank, paired to your profile. Some HNW clients hold accounts at both for redundancy or to access different brokerage offerings. We pair you to the better fit at engagement; multi-bank setups can be added later.

Does Georgian banking depend on having a Georgian company?#

Personal accounts don't — foreign individuals can open Georgian personal accounts independently of any company structure. Corporate accounts require a registered Georgian entity (IE, LLC, Virtual Zone, International Company, FIZ). Brokerage accounts can be personal or corporate.

Can the entire setup happen via Power of Attorney?#

Yes for personal and corporate accounts at both Bank of Georgia and TBC Bank. Brokerage account opening varies by institution and account type — most are PoA-eligible, some require initial physical presence for the brokerage onboarding. We confirm the specific path during engagement scoping.

Why Georgian banking specifically?#

Three reasons foreign clients choose Georgian banking over alternative emerging-market jurisdictions: a stable, NBG-regulated banking sector, two banks (Bank of Georgia and TBC) that handle the heavy lifting for foreign-client onboarding, and attractive GEL term-deposit rates. The combination of regulatory stability, foreign-client servicing, and yield is the value proposition.

Ready to set up#

A free consultation maps your situation to the right service combination, confirms pricing, and sequences the bank work end-to-end via Power of Attorney. If a different jurisdiction's banking fits better than Georgia for your specific case, we tell you.