Georgia Business Account BoG

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Georgiabus

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Aug 15, 2019
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The goods things change so fast .
Last months I opened business account in Bank of Georgia in Tbilisi , as easy as 24 hours ready
Not questions , and not residence proof address or consumer bill

One months late is nearly impossible to open a corporation account in BOG, after a full week of questions ,
the bank request Office rent contract, to prove your business will get directly involved with Georgia , also is need to provide rent payment statement from landlord , and after they get all information, will mail you than kindly by informed than your request is rejected.

The only option now is the TBC , or get a ready made company with bank accounts .
 
TBC is easier compare to BOG...

but the stock price of TBC is quite bad those days~due to the money laundering scandal of TBC's owner
 
Thats one of the reasons I still have my apartment in Georgia. I saw all this coming. I opened all accounts in Georgia back in the day when no proof of address was needed at all conf/(%.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
TBC asked also confirmation that business involved with Georgia and no rent agreement is ok for them, they asked to show a business contracts with the local companies and other commercial activity inside.

last option may be - Terrabank.
but I used SIlk Road - very bad bank
 
There are only two banks with references which worth something there and those are bog and tbc, my experiences with tbc were great since last december, suddenly they sent me email about 48 hours to take cash out and close the account since bussines was not related to GE. In the sane monent I ran to ATM to withdraw 4k but it was too late. Cards were blocked, they told me I could witdraw it only personaly in Tbilisi. Well, some days before I had one more zero on the amount so I am not relaxed with BOG also. I think we need to find another bank outside soon.
 
What is the current state of international banking in Georgia in 2025? It appeals as a base, but I would need to be able to get paid from abroad (mostly boring countries) and occasionally pay people.
 
PassinBy said:
What is the current state of international banking in Georgia in 2025? It appeals as a base, but I would need to be able to get paid from abroad (mostly boring countries) and occasionally pay people.
Click to expand...
It is still working well. Why would you consider it? Fees are high for SWIFT.

And check this
[IMG alt="permabear"]http://localhost/data/avatars/s/19/19555.jpg?1727588547[/IMG]

Thread 'Terabank Georgia'

Oct 12, 2021
I have accounts with the usual suspects in Georgia (TBC, BoG, VTB) and whilst they don't hold a king's ransom, I'd still like to diversify deposits further.

What are people's experience with Terabank? They're quite heavy on advertising in Tbilisi yet after a deeper dive into them, I was surprised to see they're absolutely tiny and scrape a B+ rating from Fitch. The constant name changes over a short period of time are also noted...

Some of their correspondent banks (even for USD) are also somewhat suspect, I count 4 Russian outfits. Does this mean Terabank are smart in not relying on one...
 
> It is still working well. Why would you consider it? Fees are high for SWIFT.
Wine, beautiful women, the food. All the usual heart attack risk factors 🙂

> And check this
Interesting. I wonder where @permabear found their correspondent banks.
 
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