YOUR GATEWAY TO GEORGIAFinancial institution
Checks tax residence and collects reportable account information.
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STARTKAP · CRS & TAX INFORMATION
Operate internationally.
Stay transparent.
A Georgian account belongs in your overall tax planning. Understand the information exchange, the data reported and the role of your tax residence.
01 · COMMON REPORTING STANDARD
What does CRS mean?
The Common Reporting Standard is the OECD framework for automatically exchanging certain financial account information. Banks identify reportable accounts; tax authorities exchange the details with eligible partner jurisdictions. A Georgian account is therefore not automatically hidden from the country of tax residence.
Georgian authority
Receives the Georgian financial institution’s report.
Partner jurisdiction
Receives information where the legal exchange conditions are met.
02 · GEORGIA
Georgia’s timeline
- 2022
Legal framework
Georgia signs the multilateral CRS agreement.
- 2023
New account checks
Due diligence procedures for new accounts apply from 1 January 2023.
- 2024
First exchange
The first international exchange generally covers information from 2023.
Who is affected?
Individuals
A reportable account and tax residence in an exchange partner jurisdiction can trigger reporting.
Companies
Entity accounts may also be reportable, depending on their CRS classification.
Controlling persons
For certain entities, particularly passive entities, information about the individuals behind them may also be relevant.
04 · FINANCIAL INFORMATION
What data?
The precise scope depends on the account type, classification and applicable reporting rules.
Identity & residence
- Name and address
- Jurisdictions of tax residence
- Tax identification numbers (TINs)
- Date of birth for individuals
Account & institution
- Account or custody account number
- Reporting financial institution
- Year-end account balance or value
Income & relevant persons
- Certain interest and dividends
- Other investment income and, where applicable, disposal proceeds
- For certain entity accounts: controlling persons
Tax implications
Example: tax residence in Germany
Data on a reportable Georgian account may reach the German tax authorities. Incorporating a company or opening an account does not automatically move your personal tax residence. Foreign income and filing obligations still require an individual review.
Germany–Georgia double taxation treaty
The treaty allocates taxing rights and provides relief from double taxation. It does not mean that all income is taxable only in Georgia. Residence, income type, place of management and actual business activity are among the relevant factors.
Your next step towards Georgia.
StartKap supports company formation and bank applications. Discuss your plans and the documents for the next steps with us.
Sources
Based on StartKap CRS/Tax; key points checked against official sources. Reviewed: 30 October 2026. General information only; not individual legal or tax advice.