Bank Of Georgia Kyc Form Updated [ UPDATED | 2027 ]

Depending on your risk profile and citizenship, you may need to upload supporting files alongside the form. These often include employment contracts, corporate registration documents, audited financial statements, or utility bills for proof of address. Step-by-Step Guide to Completing the New Form

Bank of Georgia is required to identify the tax residence of all clients.

: New forms (Order No. 52) introduced in early 2026 require businesses to report "controlled transactions" over GEL 500,000, impacting corporate KYC data requirements. Procedure for Updating Customer Data bank of georgia kyc form updated

Documents proving your income, such as employment contracts, tax returns, or audited corporate financial statements. 2. Strict Transactional Volume Forecasting

The Bank of Georgia (BOG) has recently updated its Know Your Customer (KYC) requirements. This update impacts both retail and corporate account holders, particularly international clients and foreign expatriates living in Georgia. Staying compliant with these changes is essential to avoid account restrictions, frozen funds, or unexpected closures. Depending on your risk profile and citizenship, you

According to customer reports, the updated form asks for information including:

Errors on the updated KYC form can lead to account freezes or application denials. Review this checklist before submitting. : New forms (Order No

: Bank statements for the last 6 months (preferably in English) or documents confirming source of funds (e.g., employment contracts, invoices).

. You will need your valid foreign passport, proof of Georgian address (rental agreement, utility bill, or hotel confirmation), recent bank statements (last six months), employment contract or other income verification, and proof of payment of any applicable fees.

Vague descriptions of account activity are no longer accepted. The updated form asks for the expected volume of monthly transactions, the geographic locations of your primary trading partners or transfer recipients, and the specific purpose of large upcoming transfers. 3. Comprehensive Tax Residency Reporting