
The
Georgian investment fund market is not as developed as the ones available in the European Union, but the latest efforts of the
Georgian authorities are changing many aspect of the business and financial market, as more and more programmes are available for foreign investors, providing attractive policies. The
investment fund legislation in Georgia has recently been modified to better accommodate the needs of the local and foreign businessmen, but also to align with international standards in this sense. Businessmen who are interested in
company registration in this country can address to
our team of company formation representatives in Georgia, who can provide an in-depth presentation on the available
investment vehicles.
Legal framework for investment funds in Georgia
In 2013, the
Georgian authorities established a new
Law of Investment Funds, which was enacted to provide a better mechanism for the
fund domiciliation industry. The current legislation provides a
broader understanding on the types of investment funds which can be registered here, as well on the
types of investors who are welcomed to
open a company. Our team of company formation agents in Georgia can offer more details on how to
register an investment vehicle in this country.
Georgian investment funds
Under the new legislation, the Georgian authorities prescribe the following types of investment funds:
• the pension investment fund;
•
the experienced
investors’ investment fund;
• the share investment fund;
• other types of investment funds, which are mentioned in the national legislation.
The Georgian investment funds are regulated by the National Bank of Georgia.
Legislation for collective investment undertakings in Georgia
Investors interested in
company formation in Georgia should know that they can register a
collective investment fund, which can be incorporated under several legal structures, as mentioned by the
Law of Georgia on Collective Investment Undertakings (Article 2).
This entity can be registered as follows:
• unit investment trust;
• open-ended unit investment trust;
• closed-ended unit investment trust;
• stock fund;
• venture capital fund;
• private equity fund.