Obtaining a financial license in Georgia

For active financial activities with the provision of payment services, a company registered in Georgia will need to obtain the appropriate permit.

Depending on the nature of the actions that the company intends to undertake, the type of license may differ.

If you want to obtaining a financial license in Georgia, contact the E-COMMERCE BROKER Company for qualified assistance. Company employees will help determine whether licensing is needed and what exactly needs to be done.

When is a financial license needed in Georgia?

Not every company needs to obtain a license, for example, a license is not required to trade securities and other assets, but when providing depository and brokerage services, a special license is required.

A brokerage license provides legal authority to deal in securities by advising and transacting on behalf of its clients. Licensing is also necessary if the company intends to operate electronic money, providing services for:

  • writing off, crediting, executing payment orders of the client;
  • conducting transactions within the limits of debit or granted credit;
  • issuing electronic money, as well as acquiring payment instruments;
  • money transfers;
  • non-cash transactions carried out using a mobile device, via the Internet, and other options for remote interaction.

Financial license obtained in Georgia valid only within the country. When entering the international market, enterprises undergo additional verification by regulatory authorities of other states.

How to get licensed in Georgia?

The basis for issuing a permit will be the submission of an application with the main package of documentation:

  1. Extract from the state register.
  2. Payment document for payment of duty.
  3. Certificate of good conduct.
  4. Information about the beneficiary and his supporting documents.
  5. Financial statements (last six months of activity).
  6. Document confirming capital.

The application must indicate the type of license, the name of the body where the company is applying, and its address.

Business requirements

Get a financial license in Georgia may be a joint stock company or a limited liability company. To establish a company, resident status is not required. The National Bank of Georgia is responsible for issuing licenses, putting forward the following requirements:

  1. Authorized capital – from 250 thousand lari. The money must be paid in full before applying for a license, and the amount must not fall below the minimum threshold.
  2. When selecting personnel, including directors, Georgia sets minimum requirements, for example, no criminal record.
  3. The presence of an actual office is not required; in Georgia there can only be a legal address.

each company, registered on the territory of Georgia, must report to the tax authority and keep accounts. In case of reorganization, liquidation or bankruptcy, the company must notify the National Bank.

If you plan to conduct brokerage activities, an appropriate broker license is required, subject to the presence of an authorized capital of 500 thousand lari. According to a separate statement from a company representative, upon registration or later, it is possible to obtain a status that opens up a number of privileges for the financial company as an international company.

Licensing terms

It takes about a month to prepare to submit an application for a license. After receiving the package of documentation for consideration, the National Bank has 30 days to review and make a final decision.

Possibility obtain a financial license in record time attracts many foreign entrepreneurs looking for areas with increased investment attractiveness.

Employees of the E-COMMERCE BROKER Company will tell you in detail about the advantages and nuances of licensing in Georgia, and will help with the quick approval of a permit. It should be taken into account that errors made when submitting documents may lead to the need for correction, which increases the waiting period for a license by another 30 days.


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