Before opening an account abroad, you want to know what it costs. The Georgia account fees can be clearly divided into three blocks: one-off support, ongoing bank costs and the incidental costs for notary and apostille. This article makes the calculation transparent – with no hidden items.
The three cost blocks at a glance
Anyone wanting to understand the Georgia account fees should separate them cleanly. There is, first, the one-off service of the opening; second, the ongoing bank costs; and third, the incidental costs that arise in your home country for the power of attorney. This three-way split ensures clarity and prevents nasty surprises.
| Item | Amount | Type |
|---|---|---|
| Support of the remote opening | EUR 750 plus VAT | one-off |
| Worldwide courier shipping of the cards | EUR 120 | one-off |
| Ongoing account maintenance | per Bank of Georgia tariff | ongoing |
| Notary & apostille (home country) | country-dependent | one-off |
Block 1: One-off support
The first and most plannable part of the Georgia account fees is the flat fee for our service: EUR 750 plus VAT for the full support of the remote opening and EUR 120 for the worldwide courier shipping of the cards and documents. These amounts are clearly shown in the offer. There are no ongoing costs on our part afterwards.
Set the one-off Georgia account fees in relation to a trip to Tbilisi. Flight, accommodation and several days of time usually cost more than the courier flat fee – so the remote route is mostly the cheaper one too.
Block 2: Ongoing bank fees
The second part of the Georgia account fees concerns the bank itself. Account maintenance, cards and certain transactions – such as currency exchange or foreign use of the card – follow the prevailing tariff of Bank of Georgia. These costs are charged directly by the bank and are not part of our flat fee. A foreign account is in this respect not a German free account but a fully fledged international account with appropriate conditions.
Block 3: Notary and apostille
The third block of the Georgia account fees arises in your home country: the notarisation of your signature on the power of attorney and the subsequent apostille. These fees vary depending on the country and the competent body and are not part of our flat fee. Translations as well as notary and bank fees on site in Georgia, by contrast, are included in our package.
The Georgia account fees for notary and apostille arise regardless of the provider – they are a legally prescribed step of every remote opening and not an additional margin.
Is the account worth it despite the fees?
Whether the Georgia account fees are worth it depends on the benefit. Anyone who holds foreign currencies and thereby avoids expensive forced conversion can, through that alone, save more over the years than the one-off flat fee costs. Added to this is the value of diversification and a crisis-proof second access – services a mere free account does not offer. For many clients the account is therefore less an expense than an investment in room to act.
No hidden items
A legitimate wish regarding the Georgia account fees is transparency. That is precisely why we show the one-off amounts – EUR 750 plus VAT for the support and EUR 120 for the courier shipping – clearly in the offer. What does not come from us but is charged by third parties (ongoing bank fees, notary and apostille costs) we likewise name openly, instead of hiding it in a flat fee. This way you know from the start which amount flows to whom.
This clean separation of the Georgia account fees is also a mark of seriousness. Providers who advertise a single "all-inclusive" price while concealing bank or authority costs create false expectations. We draw the clear line between our service and the costs of third parties.
Costs in relation to benefit
Whether the Georgia account fees pay off can be shown with a simple example. Anyone who regularly receives foreign currencies and previously had to convert them into euros on every credit loses spread and fees continuously in the process. A multi-currency account that avoids forced conversion can reduce these losses considerably over the years – not infrequently by more than the one-off support flat fee amounts to.
Weigh the Georgia account fees against your concrete benefit: avoided conversion costs, the value of diversification and a crisis-proof second access. For currency-active people this calculation usually comes out clearly in favour of the account.
Added to this is the unquantifiable value of independence. A second pillar outside the EU costs little attention in everyday life but unfolds its value in an emergency. Anyone who regards the Georgia account fees solely as an expense overlooks this insurance character.
What the package already includes
So that the Georgia account fees remain comprehensible, it is worth looking at what the one-off support covers. Included are the profile review, the provision of the power-of-attorney template, the full opening of the SOLO account on site by our team, the set-up of online banking and card, as well as translations and the notary and bank fees on site in Georgia. Not included are only the notarisation arising in your home country and the apostille, as well as the ongoing bank costs.
This clear breakdown of the Georgia account fees allows an honest overall calculation. You see exactly which part is a one-off investment and which part continues as an ongoing item – and can thereby decide whether the ratio of effort to benefit is right for your situation.
A final thought on the Georgia account fees: compare not only prices but services. A seemingly cheaper offer that does not include the profile review, on-site opening, translations and set-up is in the end often more expensive and involves more effort of your own. Transparency and a clearly defined scope of services are, with the fees, at least as important as the mere amount – because they decide whether at the end there really is a usable, cleanly set-up account.
Which costs actually arise – and which do not
The cost structure of a remote opening divides cleanly into three blocks. First, our service fee: EUR 750 plus VAT for full support, plus EUR 120 for the worldwide courier shipping of cards and documents. These amounts are clearly stated in the offer, and no ongoing costs arise on our side afterwards.
Second, optional add-ons: opening a Galt & Taggart securities depot is charged separately at EUR 490; ongoing depot conditions follow the Galt & Taggart tariff. Third, the costs that naturally lie with you: notarisation and apostille in your home country, whose fees vary from country to country.
Separate from these are the bank's own fees for account maintenance and cards. They follow the prevailing tariff of Bank of Georgia, are charged directly by the bank and are not part of our offer. Anyone wanting to know the current conditions for the SOLO segment is best advised to clarify them directly with the assigned banker.
Frequently asked questions about Georgia account fees
What does opening an account in Georgia cost?
The one-off support of the remote opening costs EUR 750 plus VAT, the worldwide courier shipping of the cards EUR 120. Added to this are ongoing bank fees per tariff as well as notary and apostille costs in your home country.
Are there ongoing costs?
Not on the part of CMC. The ongoing account maintenance follows the Bank of Georgia tariff model and is charged directly by the bank.
Are notary and apostille costs included?
No, these arise in your home country and are country-dependent. Translations as well as notary and bank fees on site in Georgia, by contrast, are included in our package.
Is the account worth it despite the fees?
For anyone who holds foreign currencies or seeks diversification, often yes: the avoided forced conversion alone can recoup the one-off flat fee several times over the years.