The banks' info

The banking infrastructure and its information systems are modern in Georgia. Branches, communication, marketing, everything is there to give a good image of the bank. Technical services and online tools are also part of it to flavour a taste of youth and efficiency! Interbank and international transfers are efficient. Online tools give access to your accounts in a fast and ergonomic way. But a bank is a bank! Make no mistake. You will find the same banking problems in Georgia that you may have encountered in your country.

Since 2018, BGG has been developing articles on the banking environment in Georgia in order to allow the reader to form an opinion on the banking system in Georgia.

As you can read in the different posts of this Blog, it is simple for an individual, even a foreigner, to open a bank account in Georgia.

In November 2022, a new fully digital bank got its license. Let's hope that it will provide a service to all companies, and individuals, who see the bank as a tool for the public and not as a controlling body for the money in circulation.

You can find the list of commercial banks in Georgia at the following link: https://nbg.gov.ge/en/page/licensed-commercial-banks-1

Enjoy your reading!

Diversify and secure your money  
Why and how opening a bank account in GeorgiaThe pearl of the Caucasus has become a less and less well kept secret. Today many business leaders, consultants, expatriates choose this Eurasian country as a place for business creation, work and family education.  One of the first things to do is opening a bank account.
Why invest in a multi-currency bank account?
Why opening a multi-currencies bank accountHaving an offshore persoanl bank account is totally legal. Even if you are a foreign resident, opening an account abroad, especially in Georgia of the Caucasus, is quite possible!
Georgia, a super jurisdiction for offshore bank accounts
Why open an offshore bank account?Offshore banking services allow for greater financial confidentiality. Having a personal offshore bank account in Georgia allows you to enjoy many financial benefits and perform banking transactions abroad in exactly the same way as your personal bank account would allow you to do in your country. 
to have or have not a personal bank account in georgia
Georgia, one of the few countries where it is easy to open an offshore personal bank accountWhile offshore banking operations around the world - from the Caribbean to Asia - have become increasingly difficult to open (especially for Americans), Georgia remains one of the easiest places in the world to open an offshore personal bank account.
Thirteen advantages of opening a personal bank account in Georgia
Advantages of a personal bank account in GeorgiaOpening a personal bank account in Georgia is simple, fast and easy. You get your personal offshore bank account in a day while applying onsite.
High confidentiality of bank accounts in Georgia
AEOI, TIEA, FACTA, international measures to track banking informationOffshore bank accounts are legal. It is perfectly legal to conduct banking transactions on personal bank accounts or offshore bank accounts. But they must meet the requirements of the tax authorities of your country of residence, which in many countries require this type of account to be declared.
Open a bank account in Georgia? It's easy!
Can a foreigner open a bank account in Georgia?Yes  Opening a bank account in Georgia is easy, fast and very cheap. The Georgian banking system is renowned for its transparency and stability.
 
Running a business without a bank accountIt is not an empty phrase to say there is a discrepancy between political will and financial policy in Georgia. Indeed, almost everyone can register a company in Georgia, even remotely, but not every registered company can have a bank account in Georgia.
An excellent opportunity to diversify your finances
Opening a private bank accountGeorgia in the Caucasus has a modern and reliable banking system. Banks offer a multitude of products, like all major European banks, that will suit your needs, whether for your personal bank account.
Open a business bank accountOpening a business bank account has become a tricky business in Georgia for foreign entrepreneurs. Banks have gone from no open policy to a draconian policy where every piece of information about the company and its leader is analyzed in detail beyond the information needs of the bank.