Payment Agent Services in Georgia
A payment agent is a Georgian company that receives or makes payments for a client under a written agency mandate and hands over the documents the client's accountant and bank need. Businesses use the arrangement for ordinary commercial reasons: a counterparty that will only invoice or be paid by a locally registered company, a currency or corridor their own bank does not serve, or a one-off transaction that does not justify setting up a company. We structure and document that arrangement — the mandate, the compliance file and the accounting paperwork — with a registered Georgian agent company from our partner network, or with your own Georgian entity, which we can set up for you. We do not accept instructions that are aimed at getting around sanctions or restrictions of any jurisdiction, and you remain responsible for the rules that apply to you in your own country. Where an activity qualifies as a regulated payment service, registration with the National Bank of Georgia is required and we say so rather than working around it.
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What we do
- Agency mandate under Georgian law — a written agreement that sets out what is paid, to whom, in which currency, on whose instruction, and what the agent's fee is.
- Compliance file before anything moves — identification of both counterparties and their beneficial owners, source-of-funds questions, sanctions and restricted-goods screening, and a clear yes or no instead of a silent delay.
- Incoming payments — the agent receives funds from your customer to a Georgian account, confirms receipt and passes them on as agreed in the mandate.
- Outgoing payments — supplier and contractor invoices settled in GEL, USD or EUR, with the payment purpose and the underlying contract documented for the bank's own compliance review.
- Accounting documents — agency report, service invoice and acceptance act for each cycle, plus the bank confirmation per transfer, so the operation and the commission book cleanly in your records.
- Reconciliation and a named contact — a statement of every payment handled, and one person who answers when your bank or your auditor asks about a transfer.
How it works
Intake and screening: you describe the payment, the counterparties and the underlying contract; we check whether the arrangement can be served at all and answer within a few working days.
Legal check: where the pattern of payments could qualify as a regulated payment service, we get that assessed before anything is signed instead of assuming an agency mandate covers it.
Agreement: the mandate is signed and the corporate and identification documents for both sides are collected.
Execution: funds are transferred or invoiced, the payment is made once funds have cleared, and you receive the confirmation and the payment purpose documentation.
Reporting: you get the agency report, invoice and act for your accounting, plus a periodic reconciliation of all movements.
Facts worth knowing before you decide
Screening happens before acceptance
Both counterparties are identified, the goods and the purpose are checked, and sanctions lists are screened. You get a clear yes or no early, not a frozen transfer later.
Regular flows belong in your own company
If you settle payments every month, a Georgian company with its own account is cheaper, more transparent and more robust than an agency arrangement.
Where it is a regulated service, it needs registration
Providing payment services as a business requires registration with the National Bank of Georgia. Which side of that line your case falls on is assessed before anything is signed.
This page describes our service and gives general information — it is not tax or legal advice. Tax rates, thresholds, eligibility conditions and competent authorities can change, and the rules of your country of residence apply alongside the Georgian ones. We confirm the current position for your case, in writing, before you order. · Last reviewed 07/2026
Frequently Asked Questions
Who is this service for?
Companies with ordinary cross-border trade that is awkward to settle through their own banking channel — a counterparty that insists on a locally registered company, a currency or corridor their bank does not serve, or a single transaction that does not justify a Georgian company of their own. If you settle payments regularly, your own Georgian company and bank account is usually cheaper, more transparent and more robust, and we will point you there instead.
Which requests do you decline?
Anything involving sanctioned individuals, entities or jurisdictions, restricted or dual-use goods, payments where the real beneficiary is concealed, and any arrangement whose purpose is to get around a sanction or restriction — in Georgia or anywhere else. We also decline when the underlying contract does not match the payment, or when the counterparty documentation does not stand up. Screening happens before an instruction is accepted, so you get a clear answer early instead of a frozen transfer later.
Does this need a licence from the National Bank of Georgia?
It depends on what is actually being done, and it is a question for legal assessment rather than a blanket answer. Under the Law of Georgia on Payment Systems and Payment Services, providing payment services — money remittance among them — as a business is regulated and requires registration with the National Bank of Georgia; acting as agent for a defined principal under a commercial mandate is a different construction. Where your case falls on that line is assessed before anything is signed, and where registration is the correct route we say so and help you apply.
What documents do I get for my accounting?
For each cycle: the agency agreement, an agency report listing the payments made or received on your behalf, the service invoice with the commission, an acceptance act, and the bank confirmation for each transfer. That is the set your accountant and auditor need to record both the operation and the fee. If we also keep your books, our accounting team posts the transactions on your Georgian entity.