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Georgia Forex License

Brief Overview:

If you’re looking to operate your brokerage business in Europe , you may consider Georgia as it’s a suitable jurisdiction in Europe. It is the ideal place to get a Georgia Forex License because of its friendly regulatory regime and minimal operational costs.

Brokerage License is issued by National Bank of Georgia , which is a Central Bank of the country.

Obtaining a Georgia Forex License will ease your banking for business as Georgian banks are very flexible and Georgia has very attractive legal framework & law infrastructure.

In order to obtain license you must have a paid up capital of 500,000 GEL ( Approx 220,00 USD )

Application Process:

Below are the list of documents in order to apply for license :

  • Notarised Copies of Passport
  • Notarised Copies of Utility Bill & Bank Statement
  • Notarised Bank & Professional Letters
  • Notarised Police Clearance Certificate
  • Notarised Power of Attorney

Procedure :

  • Gathering all required documents such passport copies , address proof , criminal records & POA.
  • Once KYC is reviewed , we will initiate for company formation – company formation will take upto 2 weeks.
  • Once company is formed , we will initiate steps to open bank account and once bank account is opened , paid up capital of 500,000 GEL has to be transferred in order to show the regulatory for applying license.
  • Once the Paid Up Capital is showed on the bank account , we will apply for license and it takes about 6-8 weeks.

Time Frame:

Obtaining Brokerage License in Georgia will take upto 2-3 months.

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