Georgia VASP registration & operations See our delivery model
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EIGHT-STAGE DELIVERY MODEL

From Model Assessment to Supervised Operations

CONNECTED VASP IMPLEMENTATION

From first model decisions to supervised operations.

A strong Georgian VASP application is built in dependency order. Each stage prepares usable evidence for the next and keeps the eventual operating company in view.

Clients may enter at any stage. The sequence is a delivery map: the written scope selects the workstreams, owners and acceptance criteria that match the actual model.

Eight-stage VASP delivery timeline

Stage 0
01.

Confidential model assessment

Services, customers, countries, assets, ownership, sanctions exposure and the operational starting point are mapped before major build costs are committed.

Confidential model assessment
STAGE GATEScope decision and readiness brief
Stage 1
02.

Regulatory architecture

The confirmed perimeter is converted into flow maps, governance, an evidence matrix, a risk register, milestones and controlled assumptions.

Regulatory architecture
STAGE GATEApproved regulatory blueprint
Stage 2
03.

Company, ownership and tax

The Georgian entity, corporate records, UBO and source file, governance, translations and model-specific tax questions are coordinated as one workstream.

Company, ownership and tax
STAGE GATECorporate and ownership evidence pack
Stage 3
04.

Governance, substance and staffing

Administrators, presence, office, roles, recruitment, contracts, training, authority and management information are built around the real workload.

Governance, substance and staffing
STAGE GATEAccountable local operating structure
Stage 4
05.

AML/CFT and sanctions

Risk assessment becomes customer acceptance, CDD and EDD, sanctions screening, KYT, investigations, escalation, reporting, quality assurance and training.

AML/CFT and sanctions
STAGE GATETested financial-crime control framework
Stage 5
06.

Product, IT, data and cyber

Architecture, vendors, integrations, logs, reporting, security, business continuity and demonstration scripts are reconciled with the filed operating story.

Product, IT, data and cyber
STAGE GATERegulator-ready system demonstration
Stage 6
07.

Application and NBG engagement

The Georgian-language dossier is consistency-checked, submitted and supported through questions, meetings and rehearsals of the office and electronic system.

Application and NBG engagement
STAGE GATEControlled filing and response record
Stage 7
08.

Launch and continuing supervision

Mock inspection, customer-file tests, disclosures, provider and banking readiness, first-90-day controls, reporting and change management prepare the company to operate.

Launch and continuing supervision
STAGE GATESupervision-ready launch plan
PROGRAMME CONTROL

One controlled programme, not disconnected advisers

Each workstream has a named owner, inputs, dependencies, acceptance criteria and controlled outputs. A change in customer geography can affect sanctions risk, provider contracts, monitoring rules, forecasts and staffing. The project register makes those consequences visible before a document is translated or a system is demonstrated.

Stage gates protect the filing

A stage closes when the agreed evidence is usable. Typical gates include an approved perimeter, a verified ownership chain, prepared administrators, contracted critical providers, tested controls, a reconciled business plan, controlled Georgian translations and a successful mock demonstration.

What the client can expect from us

We can advise and review a client-led project, deliver a defined module or coordinate the complete launch. Following the preliminary assessment, we issue a written scope and capped-fee quotation. Official fees, translations, people, premises, systems and independent assurance are separated, with assumptions and change triggers stated.

What we need from the client

Founders and administrators remain available for decisions; ownership and source records are provided through a controlled channel; product and technology teams disclose the real system; and responsible people approve assumptions on time. Client, adviser and third-party responsibilities are recorded so progress is measurable.

LEGAL BASIS

Applicable legislation and regulatory materials

CryptoLicense.ge Legal & Regulatory Team Legal review: 23 August 2026 Model-specific legal review required
START AT THE RIGHT STAGE

Tell us what is already built—and what is still missing.

We will review the proposed service, owners, markets, current people and systems, then recommend the appropriate first workstream and prepare a capped-fee proposal.

Tell us where the project stands