The 60-second version
Georgian brokerage exit needs sell GSE holdings, Revenue Service tax summary, depot termination letter, and USD SWIFT to NRE before India tax residency.
Sell GSE holdings before GEL wire — Revenue Service summary first
Georgia taxes capital gains on securities disposals — obtain broker annual summary from Revenue Service portal before closing depot.
TBC Bank, Bank of Georgia, and Liberty Bank serve retail custody — GSE has growing liquidity.
Caucasus neighbour: Armenian brokerage guide if parallel Yerevan depot.
Georgian brokerage wind-down
| Broker | Tax doc | Step |
|---|---|---|
| TBC Bank | CG stmt | Sell + close |
| Bank of Georgia | Annual cert | Zero holdings |
| GSE | Local stocks | Plan liquidity |
| Linked bank | GEL/USD | Close after depot |
Closure
Sell
Liquidate GSE holdings.
Tax
CG if required.
Convert GEL
USD before SWIFT.
Close depot
Termination letter.
Schedule FA
Last FY foreign asset.
Flow
Georgia brokerage kit
- Trade confirms.
- Tax summary.
- Closure letter.
- SWIFT.
- Passport copy.
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USD accounts
Georgian banks offer USD accounts — wire USD to NRE without GEL conversion if broker settles in USD.
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Schedule FA?
Declare account in last FY you held foreign brokerage.
DTAA?
India-Georgia DTAA may reduce double tax — Form 67.
Armenia parallel?
Armenian brokerage guide for Yerevan depot.
Crypto?
Georgia had crypto-friendly rules — separate VDA disclosure if held.
US person?
FBAR + Form 8938 if thresholds met.
Linked bank?
Close GEL account only after depot zero and SWIFT confirmed.
Your NRE account redesignation has a deadline.
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