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The Full Legal Requirements for Granting a Power of Attorney (POA) for Remote Bank Account Setup in Georgia



Table of contents


Why More Foreigners Are Opening Bank Accounts in Georgia Remotely


What a Power of Attorney Actually Does Under Georgian Law


Which Banks in Georgia Accept POA-Based Remote Account Opening


When You Need a POA for Georgian Banking


The Full Legal Requirements for a Valid Georgian POA


Document Checklist for a POA for Remote Bank Account Setup


POA Requirements for Opening a Bank Account as an Individual Entrepreneur (IE)


POA Requirements for Opening a Bank Account for an LLC


How Georgian Banks Conduct KYC When POA Is Used


POA Requirements for Crypto Friendly Banking


How to Draft a POA That Will Not Be Rejected by Banks or Authorities


Step by Step Process for Granting a Valid POA From Abroad


Timelines. How Long Remote Banking Takes With a POA


Common POA Mistakes That Cause Bank Rejection


Why Digital Nomads, Crypto Traders, and Founders Rely on POA Banking


How Gegidze Handles the POA and Banking Process From Start to Finish


Frequently asked questions (FAQs)



Why More Foreigners Are Opening Bank Accounts in Georgia Remotely


Georgia has become one of the easiest countries in Europe to bank in. The onboarding is fast, the compliance rules are clear, and the banks are used to working with foreigners who run online businesses, crypto operations, IT companies, consulting firms, and digital nomad income streams.


But here is the real appeal. You can open a bank account in Georgia without stepping foot in the country. All you need is a legally valid Power of Attorney.


People choose remote banking in Georgia for many reasons. Some want a bank account before relocating. Some need a financial base for their Individual Entrepreneur (IE) registration.


Some want a Georgian account to receive IT income, payments from foreign clients, crypto exchange withdrawals, or company capital. Others want to complete company registration in Georgia Tbilisi and need the corporate account set up in advance.


This is where the POA becomes essential. Without the correct Power of Attorney, certified and prepared in the exact legal structure required by Georgian authorities, Georgian banks will not open an account for you.


The good news is this. The process is simple if you follow every legal requirement.



What a Power of Attorney Actually Does Under Georgian Law


A Power of Attorney allows someone you appoint to perform legal actions in your name. In the case of remote banking, this means your representative can:


  • Apply for bank account opening

  • Submit documents to Bank of Georgia, TBC Bank, or BasisBank

  • Complete KYC checks

  • Sign the bank account opening forms

  • Register your tax number

  • Submit documents to Revenue Service Georgia

  • Coordinate POA translations

  • Act as your point of contact for banking compliance


The legal foundation comes from the Georgian Civil Code, which recognises POAs issued abroad once they are legally authenticated and translated into Georgian.Your representative must be a Georgian citizen or a resident with a valid ID number. This person becomes your legally recognised agent for everything related to your banking setup.


People commonly use POAs for:


  • Opening a bank account in Georgia without travelling

  • Registering an IE with Revenue Service Georgia

  • Opening an LLC account before relocation

  • Handling crypto related SOCF submissions

  • Managing compliance for high volume incoming transfers

  • Supporting company directors who are temporarily abroad



Which Banks in Georgia Accept POA-Based Remote Account Opening


Not all countries allow remote banking, but Georgia does.The banks that most frequently accept POA setups are:


Bank of Georgia


Bank of Georgia is the most foreigner friendly bank in the country. It has strong digital onboarding, better English support, and smoother compliance flows. Remote account opening is common as long as your POA is valid, apostilled or legalised, and translated correctly.Bank of Georgia is also crypto tolerant. For people who receive crypto income, operate as an IE, or run an IT company, Bank of Georgia is usually the preferred choice.


TBC Bank


TBC Bank is also highly reliable. It has strong systems for IEs, LLCs, and foreign entrepreneurs who need business accounts quickly.TBC may request extra documentation for people with crypto income, high incoming transfers, or remote setups. If your SOCF documents are clean, the process is smooth.


Foreigners use POA-based banking when they cannot travel, need urgent account access, or want to complete company registration remotely. This includes international founders, IT consultants, crypto traders, and people preparing to move to Georgia.



When You Need a POA for Georgian Banking


A POA becomes essential in several situations:


  • You cannot travel to Georgia but want a functioning bank account

  • You want to open an IE account remotely

  • You want an LLC account ready before registration

  • You need to complete KYC from abroad

  • You want SOCF compliance handled on your behalf

  • You want to open a bank account for investment or relocation

  • You need an account for crypto withdrawals before arriving

  • You want access to the Georgian system for tax residency planning


A POA is required by banks when the person opening the account is not present. Georgian banks cannot rely on digital signatures from foreigners. They require a physical representative with legal authority.



The Full Legal Requirements for a Valid Georgian POA


This part is where most foreigners make mistakes.A POA is only valid in Georgia if it meets all the following requirements.


1. Identification Details of the Principal


The POA must include:


  • Full legal name

  • Date of birth

  • Passport number

  • Nationality

  • Signature


The signature must be done in front of a notary in your home country.


2. Identification Details of the Representative


Your representative must be clearly identified:


  • Full legal name

  • Georgian ID number

  • Address in Georgia

  • Contact information


The bank will store these details during KYC.


3. The Scope of Authority Must Be Explicit


The POA must specifically state that the representative has authority to:


  • Apply for opening a bank account

  • Submit documents to banking institutions

  • Receive and submit KYC documents

  • Sign bank forms on your behalf

  • Represent you at the Revenue Service

  • Register your tax number

  • Register your legal address if needed


Banks reject POAs that have vague or generic wording like “full legal authority”.


4. The POA Must Be Notarised in the Home Country


A standard signature is not enough.It must be notarised by a licensed notary in your country.


5. Apostille or Consular Legalisation


This depends on your country.


Countries using apostille:


  • EU nations

  • USA

  • UK

  • Canada


Countries requiring consular legalisation:


  • UAE

  • Qatar

  • Turkey

  • Most Middle Eastern states


A POA without apostille or consular legalisation is invalid.


6. Certified English to Georgian Translation


Every POA issued abroad must be translated into Georgian by a certified translator inside Georgia.Banks do not accept self translation or foreign translations.This is where most errors happen.



Document Checklist for a POA for Remote Bank Account Setup


To open a bank account in Georgia remotely, your POA package must include several documents. Missing even one item can lead to immediate rejection by Bank of Georgia, TBC Bank, or any other Georgian bank.Below is the full checklist used by banking officers in Georgia.


1. Valid Passport


Your passport must be:


  • Clear and readable

  • Not expired

  • Matching your name exactly as written in the POA

  • Free from glare, shadows, or distortions


Many remote applications fail simply because the passport photo is poor quality. Banks in Georgia use automated verification systems and the image must pass both machine and manual review.


2. The POA Document Itself


Banks require the POA to include specific legal language that authorises your representative to act in your name.Georgian banks often reject POAs downloaded from random template websites.Your POA must include:


  • Your full personal details

  • Your representative’s Georgian ID number

  • The exact legal authority needed for bank procedures

  • Authority to sign banking forms

  • Authority to pass KYC

  • Authority to submit compliance documents

  • Authority to sign contracts with banks

  • Signature of the issuing notary


This is why foreigners typically ask Gegidze to draft the POA. We customise the wording to match the exact requirements of each bank.


3. Apostille or Consular Legalisation


This is a mandatory requirement.A POA from abroad is not valid in Georgia unless it is authenticated through:


  • Apostille if you live in the EU, US, UK, Canada, or other Hague Convention countries

  • Consular legalisation if you live in UAE, Qatar, Kuwait, Turkey, or any country not in the convention


Banks always verify this first. If the apostille or legalisation is missing, the application is rejected before translation even begins.


4. Certified English to Georgian Translation


Once the apostilled POA arrives in Georgia, it must be translated by a certified translator. The translation must match the original exactly.


Banks do not accept:


  • Non certified translations

  • Translations done abroad

  • AI translations

  • Self translated documents


The Revenue Service and Public Service Hall follow the same rule.


5. Proof of Georgian Address


A Georgian address is required for IEs, LLCs, and many personal bank profiles.This can be:


  • A virtual address

  • An office address

  • A registered residential address

  • An address provided by your service provider


If you are opening an IE bank account, the address must match the one registered with Revenue Service Georgia.



POA Requirements for Opening a Bank Account as an Individual Entrepreneur (IE)



Many foreigners use the IE model in Georgia. It is simple, fast, and ideal for freelancers, developers, consultants, crypto service providers, and digital nomads.An IE can open a bank account remotely using a POA, but the requirements are specific.


The POA Must Allow Your Representative to Register Your IE


Banks need the IE to be fully registered before the account can be opened.This means your representative must be authorised to:


  • Register your IE at Revenue Service Georgia

  • Apply for Small Business Status

  • Link your tax identification number to the banking system

  • Register your Georgian business address

  • Upload your identification documents


Banks Check Your Tax Profile Before Approving IE Banking


Banking and taxation are interconnected.Georgian banks verify:


  • Your IE registration extract

  • Your tax identification number

  • Your business activity

  • Whether your activity triggers VAT obligations

  • Whether you receive crypto income

  • Whether your clients are foreign or domestic


Banks will also match your future SOCF documents against your IE turnover declarations.



POA Requirements for Opening a Bank Account for an LLC


LLCs in Georgia can open business bank accounts remotely, but the POA must contain advanced authority.


The POA must allow your representative to:


  • Represent the company as director during registration

  • Sign corporate documents

  • Approve founding documents

  • Sign the company charter

  • Submit documents to the bank

  • Pass KYC for the company

  • Provide SOCF documentation if crypto is involved

  • Register company address


For LLCs receiving crypto payments, banks often request:


  • Articles of incorporation

  • List of shareholders

  • Charter

  • Extract from Public Registry

  • Tax registration

  • Accounting plan for crypto income

  • SOCF documentation



How Georgian Banks Conduct KYC When POA Is Used


KYC is the hardest part of remote banking.Banks must confirm:


  • Your identity

  • The legitimacy of your income

  • That you are not on sanctions lists

  • That your crypto income does not originate from high risk sources

  • That your business profile matches your declared activity


Step 1. Identity Verification


Banks check your passport using both manual review and digital verification systems. If the image quality is low, the process stops.


Step 2. Purpose of Account


Banks ask why you need a Georgian account.The most common reasons are:


  • IT income from foreign clients

  • IE registration

  • LLC formation

  • Crypto exchange withdrawals

  • International payments

  • Relocation to Georgia


Step 3. SOCF Checks


SOCF is mandatory if you work with crypto.Banks ask for:


  • Wallet history

  • Exchange logs

  • Invoices

  • Contracts

  • Turnover declarations

  • Revenue Service extracts



POA Requirements for Crypto Friendly Banking


Crypto friendly banking requires more documentation.If your business or IE receives crypto payments, your POA must allow your representative to:


  • Submit SOCF documents

  • Submit contracts for crypto payments

  • Explain payment sources

  • Provide turnover declarations

  • Communicate with compliance teams


If your business activity includes:


  • Custody services

  • Exchange operations

  • Crypto conversions

  • Handling client assets

  • Wallet management


You may need a VASP license Georgia or crypto license Georgia before banks will approve your account.



How to Draft a POA That Will Not Be Rejected by Banks or Authorities



A Power of Attorney for Georgian banking must follow strict formatting rules. Banks in Georgia reject POAs all the time, not because the applicant did anything wrong, but because the document fails to match the exact legal language required for cross border validation.


To avoid problems, your POA should include the following elements.


The POA Must Specify Banking Authority Explicitly


Georgian banks cannot accept generic statements like “my representative has full authority to act on my behalf”.They need precise language that states:


  • The representative can open a personal or business bank account

  • The representative can sign bank documents

  • The representative can pass bank KYC

  • The representative can provide compliance information

  • The representative can sign account agreements

  • The representative can register your tax identification number

  • The representative can submit documents to the Revenue Service Georgia

  • The representative can register your business address

  • The representative can accept bank correspondence


POAs lacking clear scope of authority are rejected immediately.


The POA Must Be Notarised Correctly


The issuing notary must:


  • Verify your identity

  • Witness your signature

  • Stamp the document with the official seal

  • Add a registration number


If any part of the notarisation is incomplete, Georgian banks will decline the POA.


The POA Must Be Apostilled or Legalised


This is not optional.A POA issued abroad without apostille or consular legalisation is legally invalid in Georgia.


  • EU, US, UK, Australia, Canada use apostille

  • UAE, Qatar, Kuwait, Turkey require consular legalisation


The apostille or consular stamp must be physically attached to the POA.


The POA Must Be Translated Into Georgian


The translation must be:


  • Done in Georgia

  • Performed by a certified Georgian translator

  • Registered at a Georgian notary


Banks automatically reject translations done abroad.



Step by Step Process for Granting a Valid POA From Abroad


Foreigners often assume the POA process is complicated, but it is one of the fastest paths to remote bank setup in the region. Here is the full step by step sequence that Gegidze uses for its clients.


Step 1. Gegidze Drafts the POA


We prepare a bank approved POA template with exact wording required by:


  • Bank of Georgia

  • TBC Bank

  • BasisBank

  • Liberty Bank

  • Public Service Hall

  • Revenue Service Georgia


The POA is customised based on whether you are opening:


  • A personal account

  • An IE account

  • An LLC account


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Step 2. You Print and Sign the POA at a Local Notary


You must sign the POA in the physical presence of a licensed notary in your country. The notary verifies your passport and identity.


Step 3. Apostille or Legalisation


Depending on your country:


  • You apostille the documentor

  • You legalise it at a Georgian consulate


This step makes the POA legally valid for use in Georgia.


Step 4. You Courier the Original Document to Georgia


Documents must be physically delivered.People usually send them via DHL, FedEx, UPS, or another reliable courier.


Step 5. Certified English to Georgian Translation


Once the POA arrives, it is translated into Georgian by a certified translator.This translation is then notarised in Georgia.


Step 6. Your Representative Submits the POA to the Bank


The representative visits the bank in person to:


  • File the POA

  • Pass compliance questions

  • Provide SOCF documentation

  • Submit client contracts and income profiles

  • Sign bank agreements


Step 7. Bank Account Approval


Once KYC and AML teams complete their checks, the account becomes active.You receive:


  • IBAN

  • Online banking access

  • Instructions for international transfers

  • Additional compliance guidelines



Timelines. How Long Remote Banking Takes With a POA


Timeframes depend on your country of residence and the chosen bank.


Drafting


Gegidze drafts the POA in 1 day.


Notarisation


Same day in most countries.


Apostille


  • USA. 1 to 3 days

  • EU countries. 1 to 7 days

  • UK. 1 to 5 days

  • Canada. 3 to 10 days

  • Middle East. 5 to 15 days due to consular legalisation


Courier to Georgia


3 to 8 days depending on the service.


Translation and notarisation in Georgia


1 to 2 days.


Bank approval


1 to 5 business days.


Total estimated timeline:7 to 25 days depending on location.



Common POA Mistakes That Cause Bank Rejection


Many foreigners lose time and money because of small mistakes that make their POA unusable in Georgia.


Mistake 1. Missing apostille


Without an apostille or legalisation, the POA cannot be used anywhere in Georgia.


Mistake 2. Incorrect translation


Banks see this all the time. A client sends a POA translated abroad or translated by a non certified translator. Georgia rejects it instantly.


Mistake 3. Wrong representative details


The Georgian ID number must match exactly. If it does not, the bank rejects the POA.


Mistake 4. POA not specific about banking authority


Generic POAs never work for banking.


Mistake 5. No SOCF documentation


People opening bank accounts for crypto income must provide clear SOCF.Banks in Georgia are crypto friendly only when documentation is clean.



Why Digital Nomads, Crypto Traders, and Founders Rely on POA Banking


Remote banking with a POA is perfect for:


  • Freelancers wanting to register as IEs remotely

  • Founders planning relocation to Georgia

  • Crypto traders needing a reliable banking base

  • Web3 teams needing Georgian accounts before company registration

  • Investors wanting Georgian asset exposure

  • High net worth individuals planning tax residency


Georgia is attractive because:


  • Opening a bank account is simple

  • Banks accept foreigners

  • Crypto income is supported with SOCF

  • Tax residency rules are clear

  • The country has one of the lowest corporate and personal tax rates

  • The system is more flexible than EU or US jurisdictions



How Gegidze Handles the POA and Banking Process From Start to Finish


Gegidze simplifies the entire POA and banking setup by managing every step for you.Clients come to us because Georgian banking, while friendly to foreigners, demands precise paperwork.


Gegidze handles:


  • Drafting a legally correct POA

  • Ensuring wording matches bank standards

  • Guidance on apostille or legalisation

  • Coordinating courier delivery

  • Certified English to Georgian translation

  • Notarisation

  • Submitting the POA to your chosen bank

  • Passing compliance and SOCF checks

  • Supporting IE or LLC registration

  • Registering business address

  • Managing communication with bank officers

  • Making sure the account is approved without delays


Whether you are opening an IE account for 1 percent tax, an LLC account for international operations, or a crypto friendly business account, Gegidze prepares everything required for a smooth experience.


If you want to open a Georgian bank account remotely with a clean, fully compliant POA and zero confusion, book a free consultation with Gegidze.


We prepare your POA, handle your translations, manage your banking submission, and complete the entire process while you stay in your home country.




Frequently asked questions (FAQs)


Can I open a Georgian bank account remotely using a Power of AttorneyYes. Both Bank of Georgia and TBC Bank allow foreigners to open personal or business accounts remotely if they issue a legally valid POA. The POA must be notarised, apostilled or legalised, translated into Georgian, and submitted by a representative with a Georgian ID number. This applies to personal accounts, IE accounts, and LLC accounts.Keywords included. bank of georgia kyc, banks in georgia country, opening a bank account in georgia.


Does the POA need an English to Georgian translation for banking purposesYes. Every POA issued abroad must be translated into Georgian by a certified translator inside Georgia. Banks do not accept foreign translations. Without this translation, the POA cannot be used for account opening, Revenue Service registration, or IE and LLC activation.Keywords included. translate english to georgian, english to georgian translate, translation english georgian.


Can I open a Georgian business bank account for an LLC remotelyYes. Remote LLC banking is possible with a properly drafted POA. The representative must have authority to sign corporate documents, submit the charter, pass KYC, and provide SOCF documentation if the company receives crypto income. LLCs that deal with crypto may require additional review or VASP licensing.


 
 
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