Useful Information

Why banks ask: AML, CRS and FATCA — not suspicion The first thing to understand is that none of this is personal. When a Georgian bank asks for statements, certificates and explanations, it is not assuming you have done anything wrong. It is meeting obligations imposed on every regulated bank in the country. Anti-Money-Laundering (AML) […]

This article is general information, not financial or legal advice — bank policies, eligibility and product features change over time and vary by applicant. Quick comparison Here is the high-level picture of TBC vs Bank of Georgia across the factors that matter most to a non-resident. The detail follows in the sections below. Factor TBC

Can you open an account fully online? This is the biggest myth worth clearing up first: no, you cannot open a Georgian bank account fully online as a foreigner. Despite what some marketing pages suggest, there is no end-to-end digital onboarding where you upload a passport scan and receive working account details the same day.

Can a US citizen open a Georgian bank account? Yes — at some banks. There is no law in Georgia barring US citizens from opening accounts, and many Americans bank here without any drama. What you will find is that not every institution treats US persons the same way. Some Georgian banks accept US citizens

If you are weighing up where you are tax resident, one acronym keeps coming up: CRS. The Common Reporting Standard is the global system that lets tax authorities automatically swap information about each other’s residents’ financial accounts. A common question we hear is simple and fair: “Will Georgia report my bank account?” This guide explains

For most people, becoming a tax resident of Georgia means physically spending a large part of the year in the country. But Georgia also operates a special high-net-worth route that lets wealthy individuals obtain tax residency without the usual 183-day stay. If you are exploring HNWI tax residency in Georgia, want Georgia tax residency without

One of the first decisions every foreigner faces when setting up in Georgia is the business structure: register as an Individual Entrepreneur (IE) or form a limited liability company (LLC). The choice shapes how much tax you pay, whether your personal assets are exposed, and how easily you can bring on partners or scale. This

Is it actually hard to open an account in Georgia? Compared with most countries, no — opening a Georgian account is still relatively straightforward, and for many applicants it goes smoothly. The difference today is that it is no longer automatic. The major Georgian banks now run detailed Know-Your-Customer (KYC) checks before they say yes.

Quick answer: the three at a glance In short: the D1 visa gets you in, the residence permit lets you stay, and the work permit lets you work. They are layers, not alternatives. Residence permit (TRP) = the right to STAY A temporary residence permit (TRP) is the document that gives a foreign national the

What changed on 1 March 2026 The new framework was introduced by Government Resolution No. 70, adopted on 20 February 2026 and in force from 1 March 2026. For the first time, foreign nationals carrying out paid work for the local Georgian market need a dedicated “right to work” permit, separate from their residence status.