Create an applicant whose ownership, administrators, office, decision-making and organisation can operate and be evidenced.
Incorporation is only the first step. The ownership chain and UBOs must be clear, administrators prepared for fit-and-proper review, governance documents must assign real authority, and the head office must support records, systems and supervision.
Service overview
The company should be able to show who decides, who is present in Georgia, who has system access and how regulatory responsibilities are actually discharged.
- Georgian LLC or JSC incorporation
- Ownership and UBO evidence pack
- Source-of-funds/wealth coordination
- Governance and authority matrix
Put decision-making inside the Georgian company
The Georgian applicant needs more than constitutional documents. Authority, reporting lines, conflicts, local presence and access to records must show who can explain and control the business on an ordinary working day.
What good looks like
Board and management responsibilities that match real access, competence, time commitment and escalation power.
From chart to authority
We convert the group structure into reserved matters, delegation, local approvals, board reporting and system permissions. The office, people, contracts and budget are then tested against the three-year operating plan.
Significant ownership and capital structure
A direct or indirect holding of 10% or more of capital or voting rights is a significant share. Significant influence can also bring an interest within the ownership-control framework regardless of percentage. The ownership file, source evidence and governance rights should therefore be analysed together, alongside the capital instruments used to meet the applicable supervisory threshold.
A common failure
A Georgian director appears on paper while every material decision and system credential remains abroad. That undermines the substance story and makes supervisory response slow.
What you can expect from us
We begin with the live model and current evidence, agree the decisions and dependencies, then issue a written scope. You may engage us for advice and review only, for a defined implementation module, or for the complete build and regulatory coordination. The quotation separates the GEL 5,000 official registration fee, applicable supervisory capital, professional fees and third-party implementation costs.
Founder decision
Agree the product perimeter, markets, counterparties and risk appetite before costly build work.
Operating evidence
Connect each claim to an accountable person, configured control, record and test result.
Launch consequence
Carry approved assumptions into filing, banking, provider onboarding and supervised operations.
Questions we address in this workstream
A mailing address alone does not show an operating head office. The Georgian company must be able to provide supervisory access to responsible people, records and its functioning electronic system, with premises and arrangements that fit the actual scale and risk of the business.
The applicant should control customer acceptance, material products and markets, AML escalation, providers, access, incidents, financial resources and regulatory responses. Group support is possible, but local administrators must understand the work and retain documented authority over the entity they manage.
The registration rule requires at least two directors where the sole shareholder is also a director. Both appointments should be operationally credible, with defined authority, competence, time commitment, system access and absence cover.
Every material group service should have a clear contract, scope, service level, data and access right, incident route, oversight owner and exit or continuity plan. Outsourcing can support the Georgian VASP, but it does not move its regulatory accountability to the parent.
Depending on the model, evidence may include the right to use the premises, security and connectivity arrangements, staff and presence records, local decision records, system access, document retrieval, provider oversight and tested supervisory or incident-response procedures.
