A practical guide to eligible entities, owners, administrators, head office, systems, staffing, AML controls, fees, timing and continuing supervision.
Why this workstream matters
A Georgian VASP application is assessed as an operating model. The applicant should be a Georgian LLC or JSC with transparent ownership, fit-and-proper administrators, a real head office, credible people, three-year plan, working system and AML/CFT controls matched to the product.
What this guide covers
- Covered services and regulatory perimeter
- Ownership, significant interests and UBOs
- Administrators, governance and presence
- Head office, staff and organisation
- System, providers and flow evidence
- AML/CFT, fee, timeline and post-registration duties
How it connects to the application
Outputs must be consistent with the ownership structure, product and information flows, providers, business plan, staffing assumptions, policies and system behaviour. Any inconsistency should be resolved before filing or implementation.
Client inputs and dependencies
We confirm required founders, group records, product documentation, vendor information, system access, markets, transaction assumptions and responsible client personnel during scoping. The proposal separates adviser work, client responsibilities and third-party costs.