Can Livo open a bank account for me?

No. We do not mediate accounts and do not promise an opening. We explain procedures and refer to the banks and the National Bank of Georgia.

Do I need a Georgian account to buy property?

Not strictly for the purchase itself, but for ongoing payments (utilities, taxes, transfers) usually yes. Choosing a bank is your own decision.

Can foreigners generally open accounts?

In principle yes, but each bank checks individually under KYC/AML. The decision lies with the bank and is not guaranteed.

Bank account in Georgia: preparation, not promises

Last reviewed: 2026-09-25

Opening a bank account in Georgia requires identity verification (KYC) by the respective bank; each bank decides for itself whether to enter a business relationship.

Orientation, not individual legal, tax, residence, banking or investment advice. We do not promise account opening and do not mediate banking relationships. Check your specific case with the respective bank and qualified advisers.

Georgian banks offer accounts in several currencies (GEL, USD, EUR, GBP), and interest rates may differ from your home country. That does not mean an account opening is guaranteed.

The National Bank of Georgia regulates the banking sector; each bank's KYC and AML guidelines determine which documents are required and under what circumstances a relationship can be declined.

Subtopics

KYC and AML

What „Know Your Customer“ and Anti-Money-Laundering mean in practice and which proofs are required.

Preparing documents

Passport, proof of source of funds, proof of address and further documents – what banks typically request.

Currencies and cards

GEL, USD, EUR, GBP; Visa and Mastercard options at Georgian banks.

Questions for the bank

What to clarify before opening: fees, minimum deposits, online banking, international transfers.

Bank's decision

The bank decides whether to accept a business relationship – no entitlement, no guarantee.

Articles

Start a business in Georgia from abroad

Formation from abroad can be prepared and submitted through an authorised representative. Whether you can complete the process without travelling depends on the legal form, identity checks and accepted documents. Tell us about your plans so the possible scope can be clarified before you engage any services.

In preparation

› Opening a bank account in Georgia: process and KYC
› National Bank of Georgia: understanding its role
› Georgian bank fees and conditions compared

Glossary terms

KYC (Know Your Customer)AML (Anti-Money-Laundering)National Bank of Georgia (NBG)GEL (Georgian Lari)

Frequently asked questions

Can Livo open a bank account for me?: No. We do not mediate accounts and do not promise an opening. We explain procedures and refer to the banks and the National Bank of Georgia.
Do I need a Georgian account to buy property?: Not strictly for the purchase itself, but for ongoing payments (utilities, taxes, transfers) usually yes. Choosing a bank is your own decision.
Can foreigners generally open accounts?: In principle yes, but each bank checks individually under KYC/AML. The decision lies with the bank and is not guaranteed.

Sources

National Bank of Georgia (central bank and supervisor)https://nbg.gov.ge/en
Law of Georgia on Financial Institutions (Matsne)https://matsne.gov.ge/en/document/view/352746
National Bank of Georgia – Anti-Money-Laundering guidelineshttps://nbg.gov.ge/en

Editorial & updates

Responsibility: Vladi Morai, Livo Property. External expert review planned, not yet completed.
Review status: Sources checked; review by a lawyer or tax adviser not yet completed.
First published: 2026-09-25
Last reviewed: 2026-09-25

Update log

2026-09-25Hub created, sources linked, FAQ edited.

A specific question about property in Georgia?

We advise on property purchases and project checks in Tbilisi and Batumi. Banking questions should be clarified directly with the respective bank.

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