: New regulations for 2026 require stricter vetting for virtual asset transactions. Clients using crypto-related services must now provide more comprehensive documentation regarding the source of their funds.
The updated form heavily emphasizes tax residency. You must provide your Tax Identification Number (TIN) for every country where you hold tax residency. Leaving this section blank will trigger an automatic rejection. 3. Detailed Transaction Volume Estimates
An estimate of monthly incoming and outgoing funds. D. Beneficial Ownership (For Entities)
You must explain exactly how you earned your money. Generic descriptions like "self-employed" or "savings" are no longer sufficient. You must provide specific details, such as company names, employment industries, or asset sale documentation. 2. Mandatory Tax Residency Details bank of georgia kyc form updated
. This shift moves away from static "check-the-box" compliance toward a more dynamic, "perpetual KYC" model.
: Bank of Georgia's digital platform, recognized globally for its quality, allows for some of these updates to be managed through their mobile banking tools If you'd like, I can: Detail the specific checklist for corporate versus personal accounts Explain the tax residency implications of holding these accounts in 2026. Provide a list of local branches in Tbilisi that specialize in foreign onboarding. Let me know how you'd like to prepare your application Bank of Georgia
To ensure a smooth onboarding process, prepare the following package: : Valid passport (notarized copy if applying remotely). : New regulations for 2026 require stricter vetting
Customers moving substantial amounts, especially across borders.
: Utility bill or bank statement issued within the last three months.
: Deeper reviews are triggered for income derived from cryptocurrency; be prepared to provide exchange statements and transaction histories. Local Context You must provide your Tax Identification Number (TIN)
. If more than two weeks have passed without any communication, contact Bank of Georgia customer service to inquire about the status of your application.
All customers may be required to update their information, but the updated KYC is mandatory for: