Quick Facts
| Parameter | Value |
|---|---|
| License name | Georgia VASP Registration |
| Country | Georgia |
| Regulator | NBG / FIZ |
| What it covers | VASP under the FIZ tax-incentive regime |
| Minimum capital | None significant |
| Timeline | 4–6 weeks |
What is the Georgia VASP Registration?
The Georgia VASP Registration is a regulator authorisation issued by NBG / FIZ that allows a regulated entity in Georgia to provide the services covered by the regime. 0% on reinvested income inside the FIZ.
Who needs a Georgia VASP Registration?
Operators offering services that fall within the activity definition supervised by NBG / FIZ. The activity scope captures vasp under the fiz tax-incentive regime — and you should treat anything within or adjacent to that scope as caught until the structure has been opined on.
How the Georgia VASP Registration application works
The application is run as a structured five-stage workstream: scoping and gap analysis, incorporation and substance, AML/KYC programme drafting, regulator submission and RFI cycles, and post-licence onboarding. Total time from kickoff to authorisation is 4–6 weeks.
Cost of the Georgia VASP Registration
The total first-year cost combines: regulator fee, statutory capital tied up at None significant, legal fees confirmed at engagement, substance (resident director, office, AML officer where required), and the first year of ongoing supervision. We provide a fixed-scope quote at engagement so the number is not a moving target.
Pitfalls to avoid
- Mismatched substance. Paper directors and serviced offices are detected at first examination. Substance must be substantive;
- Generic AML programmes. NBG / FIZ reads policies as a competency signal — generic templates are visible;
- Banking afterthoughts. A licence without a bank account is a paperweight. Banking is part of the engagement, not bolted on after authorisation;
- Ignoring the year-one supervision burden. Authorisation is the start. Annual audit, AML refresh and material-change notifications are calendared from day one.
Frequently asked questions
What does the Georgia VASP Registration cover?
The Georgia VASP Registration authorises vasp under the fiz tax-incentive regime. It is supervised by NBG / FIZ. 0% on reinvested income inside the FIZ.
What is the timeline for the Georgia VASP Registration?
Typical timeline is 4–6 weeks from kickoff to authorisation. Variance comes from RFI cycles and the quality of the application file at submission, not from the published schedule.
What is the minimum capital for the Georgia VASP Registration?
Statutory capital is None significant. Capital is one input — substance, governance and the AML programme usually drive the application outcome more than the capital line on its own.
How does the Georgia VASP Registration fit alongside other Georgia licences?
Most operating models in Georgia combine Georgia VASP Registration with one of the other available regimes — see the full list on the Georgia page.
Who supervises Georgia VASP Registration authorisation in Georgia?
NBG / FIZ is the supervising authority. The same regulator handles ongoing supervision after authorisation, including annual returns and material-change notifications.