Georgia International Financial Company (IFC) Licence

The Republic of Georgia offers an International Financial Company Licence for individuals looking to offer financial services. The issuing authority for the financial licence comes from the Republic of Georgian government, the Ministry of Finance.

Companies benefit from the strong banking and financial sector which supports the industry with liberal policies and a lax regulatory framework.

Top Uses

A Georgia Financial License allows you to offer many services such as:

Offshore Asset Management
Brokerage and FX trading
Cryptocurrency crowdfunding possibilities
E-money and Credit Card processing
Portfolio management services
Cryptocurrency Exchange and trading
Initial Coin Offerings (ICO)
International Investment advice

Though Georgia is not apart of the European Union it has enacted many European pieces of legislation while keeping its own local laws to boost its financial sectors and prevent onerous bureaucracy and red-tape. This has given the banking and financial industries the credibility needed to be accepted in places like Europe while still maintaining its desired degree of financial regulatory freedom.

Georgia has enacted strict banking privacy laws which boasts a record of never having been breeched. Thankfully there is still access to confidential banking in respected jurisdictions and luckily, Georgia is one of them.

Important things to know before you get started:

No share capital requirements
No tax on foreign income
15% tax on income generated locally (however only 10% of total revenue can come from local sources, 90% must come from non-resident idividuals)
No audit requirements
Must submit annual tax return

Advantages

A Georgia International Financial Licences gives you many advantages including:

Strategically positioned between East and West
Great worldwide reputation
Not apart of the OECD or the EU and therefore is free from restricting financial regulations
Modern financial and banking sector
Minimum local office and director requirements
No exchange of account holder information
Strict privacy controls
Georgian banks allow third party funding
Zero corporate taxes
There are no share capital requirements
No local Director required

Documents required for the registration process:

Passport copy notarized
Power of Attorney notarized
Due Diligence Questionnaire & Brief Business Description

A Financial Licence takes usually between 1-2 months to process. In the meantime if you have any questions, feel free to contact us.

Republic of Georgia Offshore Financial Company Licence from Offshore-Protection

For more information or if you are ready to find out how Offshore-Protection can help you set up a Georgia Financial Company, click on the button below.