Registering of a commercial enterprise in the FIZ of Kutaisi provides for a transition to a special regime. Kutaisi attracts more and more investors from all over the world, and contributes to the growing attractiveness of jurisdictions for doing business in Georgia. It has a favorable tax and customs regulatory framework, and it is also relatively easy to obtain a license in Georgia.
It is allowed to obtain a financial/banking license for financial services in the FIZ in Georgia, and to carry out commercial activities on its basis, using tax and regulatory incentives. We recommend registering a company in the free economic zone of Georgia for further obtaining a business license. A company can provide Forex (FX) services to customers outside Georgia, including access to bank accounts and merchant accounts (a credit card processing, SEPA, SWIFT, etc.). Since obtaining a Forex license in Georgia and further providing brokerage services (if they are not provided to Georgian citizens) is only a controlled, but not regulated activity, a FZ firm may carry out activities without the permission of the National Bank of Georgia.
In free zones, it is possible to obtain a Georgian financial license, that describes FX, crypto or any other financial services as permitted business objectives. A special license number, a special disclaimer can be published on the websites of providers, which allows you to gain the trust of customers and increase your reputation as a professional financial institution.
In order to apply for a financial license in Kutaisi, contact our lawyers.
The information outlined in the article is actual at the time of its publication.
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