Bank account opening in Georgia for a citizen of the State of Israel born in the Republic of Belarus for the purpose of managing his international assets

REVERA lawyers organized the bank account opening process in Bank of Georgia Wealth Management, ensuring compliance with all regulatory requirements and minimizing the processing time.

At the first stage we conducted a consultation to understand the client's goals. As a result, we drew up an action plan and prepared the necessary documents to apply for Know Your Customer (KYC) procedure.

The next stage was the Due Diligence procedure, where we accompanied the client at every step. We organized the procedure of video and sms-identification, as well as additional requests for information. REVERA lawyers structured information for the bank and provided explanations. 

As a result, the bank confirmed the account opening for the client.

The entire process, from the time the KYC application was submitted to receiving confirmation of the account opening, took three weeks. The whole procedure was completed without the client visiting territory of Georgia. During this time, the client received full access to banking services in Georgia, including international transfers, investment and credit products.