Our website uses  cookies for statistical purposes.

  • N86 Davit Aghmashenebeli avenue, Tbilisi, Georgia
  • clients(at)lawfirmgeorgia.com
  • +995 595 11 88 22
Our Articles

Open a Financial Company in Georgia

Open a Financial Company in Georgia

The 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 proceduresOur 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. 

We invite you to address to our team of consultants for in-depth advice on how to set up a company in Georgia in the financial sector. You can also rely on our team for legal representation regarding the incorporation of a legal entity operating in any other industry. 

Our team will offer tailored assistance based on the industry of choice, the company type, the size of the business, etc.