e-Money Electronic Payment Provider Financial License Georgia
E-MONEY LICENSE REPUBLIC OF GEORGIA
ONE OF THE MOST TRUSTED LICENSES FOR PSP
The outstanding e-money payment provider permissions issued by the National Bank of Georgia. This license is ideal for any kind of electronic payment processes and electronic money issuing.
While many offshore destinations tighten their rules before issuing an e-money payment provider license, Georgia did the opposit and attracts nowadays more e-money provider than any other country in the world.
A top-infrastructure with excellent banks and a direct access to the IBAN / SWIFT payment network allows a maximum in flexibility by receiving and sending electronic money.
Additionally Georgia's biggest plus is a maximum in privacy and data protection. Not just to the owner of a payment providing company - also to their clients.
A Georgia e-money license is able to take deposits of clients funds (electronically) and to wire, forward or send them to other customers. Online Payment Processing is one of the main permitted activities the country is offering. Included: sending direct payments on behalf of third parties.
While many offshore destinations tighten their rules before issuing an e-money payment provider license, Georgia did the opposit and attracts nowadays more e-money provider than any other country in the world.
A top-infrastructure with excellent banks and a direct access to the IBAN / SWIFT payment network allows a maximum in flexibility by receiving and sending electronic money.
Additionally Georgia's biggest plus is a maximum in privacy and data protection. Not just to the owner of a payment providing company - also to their clients.
Requirements and Duration of Application:
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Duration: round about 3-4 months until approval
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Original Passport Copy notarized with apostille
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Original Police Clearance Certificate with Apostille
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Original Power of Attorney (delivered by us) notarial certified and with apostille
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CV undersigned (electronically)
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Standard single proof of address (electronically)
PERMITTED ACTIVITIES
A GEORGIAN E-MONEY PAYMENT PROVIDER LICENSE ENABLES YOU TO:
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take clients deposits
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install and open client accounts
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issue own prepaid cards (co-branding)
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transfer clients money from client to client
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electronic payment processing and all with it related activities
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escrow services (please ask us for this special activity)
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issue electronic money
INCORPORATION SERVICES
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company formation and incorporation in Georgia
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Set-up local office, installation of an official company representor in Georgia
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preparation of all documents (AML Rules, etc.)
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License Support
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On-going license status updates
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bank account openings in Georgia (2x)
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Certifications / Translations: Georgian - Englisch (optional) included
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submission of all documents to the National Bank of Georgia
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English and German speaking support through our expert team
TAXATION
This license is an onshore license but with offshore character in terms of flexibility and opportunities. You will be taxed under Georgian law but there are many ways to reduce the tax commitments. Speak with us.
SOFTWARE (opt.)
If you should need an own software to manage all payments for your clients, their accounts, transactions, personal documentation etc, we highly recommend the solution of the current market leaders of the banking industry. The multilingual software is an all-in-one component allowing to manage customers data as well as all payments with one click.
BL can arrange a free demo upfront via skype to see live how the software is working.
BANK ACCOUNTS
We establish a full IBAN bank account in the name of your Georgian company with one of the 2 major institutes. Other banks in addition possible without travelling to Georgia. Our lawyers will dispatch DigiPass, credentials, debit / credit cards in sealed courier envelopes to your address and you can start immediately.