Crypto & financial services
Bank accounts for crypto businesses in Georgia
Banks treat crypto companies as higher risk. With a clear business model and complete documents an account is still possible – there is no advance approval.
What it is about
Banks in Georgia ask about activity, clients, payment flows and source of funds. If the company provides crypto services to others, they expect a valid VASP registration with the National Bank.
For companies that only develop software or manage their own holdings, the application is usually simpler when invoices, contracts and the origin of the start capital are documented.
Requirements
- Georgian company with registry extract
- Description of the business model and expected turnover
- Proof of the shareholders’ source of funds
- For client services: VASP registration
How it works
- Review model and documents
- Choose a bank with a suitable risk policy
- Submit the application with a cover letter
- Answer the bank’s questions
How StartKap helps
StartKap prepares the account application, coordinates documents and appointments with the bank and supports you until the decision. The bank decides independently.
Legal status checked on 9 Nov 2026. General information, not legal or tax advice for your individual case.
Questions about this service
Which bank is open to crypto?
That changes with the banks’ risk policies. We tell you in the consultation which routes are realistic at the moment.
Can the account be closed later?
Yes, banks can end relationships, for example if the model changes. Keep the bank informed about changes.
Does VASP registration help with opening an account?
For companies providing services to clients it is a prerequisite. It does not replace the bank’s own review.