Bank Of Georgia Kyc Form Updated
This is perhaps the most critical update for foreign account holders. The Bank of Georgia KYC form updated version separates tax residency by country. For each jurisdiction where you are tax resident, you must provide:
Bank of Georgia will report the account balance, interest, and gross proceeds to the tax authority of your country of residence if it is a CRS-participating jurisdiction (including all EU countries, UK, China, India, UAE, etc.). bank of georgia kyc form updated
| Old Field | Updated Field (2026) | Why It Changed | | :--- | :--- | :--- | | One director listed | All directors + all ultimate beneficial owners (UBOs) with 0.1%+ stake | NBG ownership rule | | Simple company seal | Digital signature or wet-ink stamp + apostilled board resolution | Prevent forged authorizations | | Business activity description (free text) | Specific NACE code (Georgian version) + proof of operational license | Industry-specific risk scoring | | No requirement for related party disclosure | Affiliated entity schedule (must list all subsidiaries, parent companies, and sister concerns) | Global group risk consolidation | This is perhaps the most critical update for
"This is not unique to Georgia," says Nino Khelashvili, a Tbilisi-based financial compliance consultant. "Western banks are forcing local lenders to adopt 'beneficial ownership registers' that are much deeper than before. The new form essentially asks: 'Who ultimately controls the money, and where did it really come from?' If you cannot answer those two questions with documents, your account will be closed." Bank of Georgia will report the account balance,
The updated KYC form includes a mandatory PEP declaration for immediate family members and close associates. Even if you are not a PEP, you must confirm whether any relative holds a public office. Additionally, a new sanctions clause requires clients to affirm they are not listed on any of the following:
Do not attempt to use an old scanned template. The updated form is available exclusively via two official channels: