• [En]
  • [Fr]
  • [Es]
  • [It]
  • [De]
  • [Pl]
  • [Tr]
  • [Ru]

  +995 595 11 88 22

  office(at)companyformationgeorgia.com

+995 595 11 88 22
office(at)companyformationgeorgia.com
Company Formation Georgia

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

Open a Financial Company in Georgia

Updated on Thursday 14th December 2017

Rate this article
5 5 1
based on 1 reviews


Open-a-Financial-Company-in-Georgia.jpgThe financial sector in Georgia is largely represented by banking institutions. Those who want to open a company in Georgia in the financial sector can have numerous opportunities on a developing market. For example, at the level of 2016, the assets of the banking companies in Georgia increased by 4,81% (reaching GEL 25,99 billion) compared to the value recorded in 2015. There are also other types of financial companies that can be set up here, such as the foreign exchange bureau, which should meet a set of criteria during the incorporation procedures. Our team of representatives in company registration in Georgia can provide further information on the incorporation of a financial legal entity
 

Setting up a foreing exchange bureau in Georgia 

 
One of the manners through which foreign investors can start the procedure of company formation in Georgia as a financial business is by opening a foreign exchange bureau
 
The registration is performed following the regulations provided by the Organic Law of Georgia, which falls under the authority of the National Bank of the country. In this case, it is necessary to file an application form with the National Bank of Georgia with seven days prior to starting the business activities, in which the investors confirm that the company meets the minimum requirements, such as:
 
the space in which the activities will be carried out should have a minimum surface of four square meters;
providing a device which can identify fake currency;
owning a computer which operates the required software
 
Our team of company formation agents in Georgia can offer further assistance on this subject, including on the business permits that can be requested for this type of activity. 
 

Registering an international financial company in Georgia  

 
Businessmen are also allowed to set up an international financial company, provided that certain requirements are met. The procedure on company registration in Georgia for an international financial business requires the legal entity to be set up in any Georgian region, with the exception of the free industrial zones of the country. 
 
It is important to know that international financial companies can benefit from an exemption on the corporate income tax for specific types of profits, which can be detailed by our representatives. 
 
Businessmen are invited to address to our team of consultants in company formation in Georgia for more information on the types of financial companies that can be registered in this jurisdiction. 
 

Comments

  • Ally 2017-09-26

    I like your website a lot. It presents in a straightforward manner relevant information on the business environment in this country.

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Tbilisi

Valeri - Georgia.jpg

Call us now at +995 595 11 88 22 to set up an appointment with Valeri Bendianishvili, one of our specialists in company formation in Tbilisi, Georgia. Alternatively you can incorporate your company without traveling to Georgia.

As a Business Setup Georgia LLC  client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Georgia.

Contact us

Online Incorporation

Tax Calculator

Testimonials

Francesco-Dagnino.jpg

BridgeWest takes great care of selecting its affiliates worldwide and Georgia is no exception.

Francesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu

Read more testimonials