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Obtain banking license in Georgia to set up your own bank in the country. We will help you resolve all the financial issues you may face in the process. Know details- http://www.kaukapital.com/services/financial-companies/how-to-set-up-a-bank-in-georgia/
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Activities allowed: Receiving interest-bearing and interest-freedeposits (of fixed period, upon demand and other) and other returnable means of payment; Issuing consumer loans, mortgage loans, unsecured and other loans, engaging in factoring operations with and without the right of recourse, trade finance including the granting of guaranties, letters of credit, acceptancefinance, and forfeiting. Upon its own or clients’ funds, buying and selling of monetary instruments, such as promissory notes, checks, certificates of deposit, as well as securities, futures, options and swaps upon debt instruments or interest rates, currencies or documents, foreign currencies, precious metals and precious stones. interest instruments, debt Cash and non-cash settlement operations and the provision of collection services. Issuing money orders and managing money circulation (including tax cards, checks and bills of exchange). Securities brokerage services; Trust operations on behalf of clients and funds management; Safekeepingand registration of valuables including securities; Credit-information services; Depositary central activities; Activities related to each of the above types of services.
Requirements Minimum capital12 MillionsGel, fully paid in Cash Be registeredunder a JSC Supervisory board of minimum3 and maximum21 members. Member of the Supervisory Board, Board of Directors, Audit Committee,head of the branch or other similar subdivision and its deputies should hold advanced degree in one of the followingmajors: economics, finances, banking, business administration, audit, accounting or law; The chief accountant of the bank and its deputy should hold advanced degree in one of the followingmajors: economics, finances, banking, business administration,audit or accounting; The member of the Board of Directors of the bank must have appropriate professional qualificationand experience for which they should have at least 4 years work experience in financial field, including 2 years’ experience of occupying the manag erial (head or deputy or the structural unit); The chief accountant of the bank should have at least3 years work experience in financialfield
Documents needed The originals documents of the JSC registration Information regarding the Compatibility Criteria of member of governing bodies of the JSC (contracts, CV, diploma, etc…) Bank statement confirming the amount of Declared Charter Capital and its paid up part, as well as the information regarding the ownership of Declared Charter Capital and the origins thereof Documents certifying the renting contract or ownership certificate where the commercial bank; Receipt of Paying registration fee
