Opening a Bank Account in Georgia: There are many banks in Georgia that offer banking solutions for companies and individuals. Opening a bank account is mandatory when incorporating a new Georgian company. The account will be used for business transactions, will be available for public reference, and is necessary to deposit the share capital of the company.
A corporate bank account in Georgia
There are several types of companies in Georgia and the requirements banks have when trying to open a corporate bank account will largely depend on the particularities of the company. An account needs to be opened for a joint-stock company, a limited liability company, a general partnership, a limited partnership, or a branch in Georgia. Sole proprietors can also open a bank account for their business that is different from their personal one.
Our company registration agents in Georgia can give you detailed information about banking in the country and how to open a bank account for corporate purposes.