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Get an eMoney provider license in Georgia without any hassle. Know all about the legal and financial requirements before you set up your own business. http://www.kaukapital.com/services/financial-companies/how-to-set-up-a-psp-or-pso/
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Activities allowed: services that ensure the debiting of funds from the payer’s account and related transactions; services related to the crediting of funds to the payee’s account and related transactions; making payments through direct debits (including one-off orders), payment cards, or any other electronic means, or credit transfers (including standing orders) within the funds or credit resources of a payment service user; issuing and/or acquiring payment instruments, including electronic money instruments; remittances; issuing electronic money, executing payment transactions by means of electronic money through a mobile phone, internet, or any other electronic device; executing payment transactions based on the consent of the payer given by means of telecommunication, digital, or IT devices, to or in favour of the telecommunication, IT system, or network operator that acts as an intermediary between the payer and the payee, as well as between the user and the supplier of goods or services.
Requirements No minimum capital requiered A director than has to be minimum 14 days per month in Georgia Be registered under a JSC or LLC Management of the company should present certificate of non-conviction Information on the significant shareholder (10% and more)
Documents needed Certificate of incorporation, memorandum and articles of the JSC or LLC Criminal record on the last 10 years for every members of the board Information about the applicant's and other members’ identity , who directly or indirectly own a significant share (10% or more), documents must be notarized and apostilled. identity for the directors and all shareholders owning more than 10% (address proof can be an asset) criminal record of any member of the board (less than 60 days) the explanation including security system of the software used for the PSP/emoney, and also hosting and storage of data. The documents explaining all internal structure, policies and rules, also compliance. a busines plan (including management structure and internal policies) proof of office space in Georgia (documents (memorandum and paiement proove of the registration company)
