{"id":284,"date":"2023-04-13T14:22:13","date_gmt":"2023-04-13T14:22:13","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=284"},"modified":"2023-04-13T14:22:16","modified_gmt":"2023-04-13T14:22:16","slug":"open-a-financial-company-in-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/open-a-financial-company-in-georgia\/","title":{"rendered":"Open a Financial Company in Georgia"},"content":{"rendered":"\n<p>The\u00a0<strong>financial sector in Georgia<\/strong>\u00a0is largely represented by\u00a0<strong>banking institutions<\/strong>. Those who want to\u00a0<a href=\"https:\/\/www.companyformationgeorgia.com\/company-act-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Georgia<\/strong><\/a>\u00a0in the\u00a0<strong>financial sector\u00a0<\/strong>can have numerous opportunities on a developing market. For example, at the level of 2016, the\u00a0<strong>assets of the banking companies in Georgia<\/strong>\u00a0increased by 4,81% (reaching GEL 25,99 billion) compared to the value recorded in 2015. There are also other\u00a0<strong>types of financial companies<\/strong>\u00a0that can be set up here, such as the<strong>\u00a0foreign exchange bureau<\/strong>, which should meet a set of criteria during the\u00a0<strong>incorporation procedures<\/strong>.\u00a0<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Our team of representatives in company registration in Georgia<\/a>\u00a0<\/strong>can provide further information on the<strong>\u00a0incorporation of a financial legal entity<\/strong>.\u00a0<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationgeorgia.com\/open-a-financial-company-in-georgia\/#setting-up-a-foreing-exchange-bureau-in-georgia\" title=\"Setting up a foreing exchange bureau in Georgia&nbsp;\">Setting up a foreing exchange bureau in Georgia&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationgeorgia.com\/open-a-financial-company-in-georgia\/#registering-an-international-financial-company-in-georgia\" title=\"Registering an international financial company in Georgia &nbsp;\">Registering an international financial company in Georgia &nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"setting-up-a-foreing-exchange-bureau-in-georgia\"><\/span><strong>Setting up a foreing exchange bureau in Georgia&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the manners through which foreign investors can start the procedure of&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/company-register-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">company formation in Georgia<\/a>&nbsp;<\/strong>as a&nbsp;<strong>financial business<\/strong>&nbsp;is by&nbsp;<strong>opening a foreign exchange bureau<\/strong>.&nbsp;<\/p>\n\n\n\n<p>The&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/public-registry-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">registration<\/a>&nbsp;<\/strong>is performed following the regulations provided by the<strong>&nbsp;Organic Law of Georgia<\/strong>, which falls under the authority of the&nbsp;<strong>National Bank&nbsp;<\/strong>of the country. In this case, it is necessary to file an application form with the&nbsp;<strong>National Bank of Georgia<\/strong>&nbsp;with seven days prior to starting the business activities, in which the investors confirm that the<strong>&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/companies-types-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">company<\/a>&nbsp;<\/strong>meets the minimum requirements, such as:<\/p>\n\n\n\n<p>\u2022 the&nbsp;<strong>space<\/strong>&nbsp;in which the activities will be carried out should have a<strong>&nbsp;minimum surface of four square meters<\/strong>;<\/p>\n\n\n\n<p>\u2022 providing a&nbsp;<strong>device<\/strong>&nbsp;which can<strong>&nbsp;identify fake currency<\/strong>;<\/p>\n\n\n\n<p>\u2022 <strong>owning a computer<\/strong>&nbsp;which operates the&nbsp;<strong>required software<\/strong>.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.companyformationgeorgia.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Our team of company formation agents in Georgia<\/strong><\/a>&nbsp;can offer further assistance on this subject, including on the&nbsp;<strong>business permits<\/strong>&nbsp;that can be requested for this type of activity.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"registering-an-international-financial-company-in-georgia\"><\/span><strong>Registering an international financial company in Georgia &nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Businessmen are also allowed to set up an<strong>&nbsp;international financial company<\/strong>, provided that certain requirements are met. The procedure on&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-limited-liability-company-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company registration in Georgia<\/strong><\/a>&nbsp;for&nbsp;<strong>an international financial business<\/strong>&nbsp;requires the legal entity to be set up in&nbsp;<strong>any Georgian region<\/strong>, with the exception of the&nbsp;<strong>free industrial zones<\/strong>&nbsp;of the country.&nbsp;<\/p>\n\n\n\n<p>It is important to know that<strong>&nbsp;international financial companies&nbsp;<\/strong>can benefit from an exemption on the&nbsp;<strong>corporate income&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/taxation-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">tax<\/a><\/strong>&nbsp;for specific types of profits, which can be detailed by our representatives.&nbsp;<\/p>\n\n\n\n<p>Businessmen are invited to<strong>&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">address to our team of consultants in company formation in Georgia<\/a><\/strong>&nbsp;for more information on the<strong>&nbsp;types of financial companies<\/strong>&nbsp;that can be registered in this jurisdiction.&nbsp;<\/p>\n\n\n\n<p>We invite you to&nbsp;<strong>address to our team of consultants<\/strong>&nbsp;for in-depth advice on how to<strong>&nbsp;set up a company in Georgia<\/strong>&nbsp;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.&nbsp;<\/p>\n\n\n\n<p>Our team will offer tailored assistance based on the industry of choice, the company type, the size of the business, etc.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0financial sector in Georgia\u00a0is largely represented by\u00a0banking institutions. Those who want to\u00a0open a company in Georgia\u00a0in the\u00a0financial sector\u00a0can have numerous opportunities on a developing market. For example, at the level of 2016, the\u00a0assets of the banking companies in Georgia\u00a0increased by 4,81% (reaching GEL 25,99 billion) compared to the value recorded in 2015. There are also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":128,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10,119,118],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open a Financial Company in Georgia<\/title>\n<meta name=\"description\" content=\"Our team of company formation representatives in Georgia may assist foreign investors with in-depth information on the requirements for setting up a financial company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/companyformationgeorgia.com\/open-a-financial-company-in-georgia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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