ATRIUM LEGAL LAB LTD

The Experts for your Regulated
Financial Entity


  • Cryptocurrency
    Exchange
  • Estonia
    Cryptocurrency
    Exchange
  • Estonia, a new European Crypto Market -
    Starting a Crypto Currency Company in Estonia with Exchange and Wallet Service Provider License

    Key points for Cryptocurrency Company structure

    Expected Timeframe

  • Isle of Man
    Cryptocurrency
    Exchange & Trade
  • Regulatory Oversight as a means of Attracting Business

    Designated Business Registration Policy IOMFSA Changes – 5th October 2018

    How long will an Application take?

  • Ireland
    Cryptocurrency
    Company
  • Open a Cryptocurrency Company in Ireland

    Why Register a Bitcoin Company in Ireland?

    Cryptocurrency Regulation 2019 Taxation

    Anti-Money Laundering Requirements

    Ownership and Licensing Requirements

    Passporting Rights

  • New Zealand
    Cryptocurrency Trade and
    Initial Coin Offering (ICO)
  • New Guidance on Cryptocurrencies and Initial Coin Offering (ICO)

    Exchanges, Wallets, Broking
    Registration and other Obligations

    Initial Coin Offering (ICO)

    ICO Regulation
    Types of Financial Product
    Tokens that are not Financial Products

    Other Obligations
    Fair Dealing and Initial Coin Offers

    FMA Services

  • Foreign Exchange(FX)
    Securities Dealer
    License
  • Seychelles
    Securities Dealers License,
    Forex
  • Seychelles Advantages

    Applying for a Securities Dealers License

    Capital Requirement

    Financial Dealers Licensing Amendments

    Transitional Provisions

  • Vanuatu
    Securities Dealers
    Forex
  • Vanuatu FX Regulation

    List of Securities Covered by
    The Dealer in Securities License

    Key Requirements
    Vanuatu Securities Brokerage Dealer License

    Why Vanuatu Forex License

    How Atrium Legal Lab Can Help You

  • Cyprus Brokerage Services
    Forex Trading License
  • Cyprus Investment Firm (CIF)
    Why Cyprus?

    Cyprus Strategic Advantages

    Cyprus Investment Firm (CIF) License
    Initial Capital Requirements

    Conditions for the Granting of a License

  • E-Money
    Payment Services
    Institutions (EMI - PSP)
  • Mauritius Investment Dealer &
    Broker License
  • Mauritius Investment Dealer & Broker License

    Investment Dealer Categories
    Under the Security Act

    Application and Requirements

    Mauritius Investment Dealer & Broker License
    Advantages

  • New Zealand
    Financial Services Providers
    FSP
  • Advantages to be Licensed in New Zealand
    As a Financial Services Provider (FSP)

    NZ FSP Registration
    Who needs to be licensed?

    New FMA Role

    New Zealand FSP Registration
    What you need to Obtain FSP Registration

    NZ FSP Registration
    Timeframe to Complete this process

  • Georgia
    International Financial Company
  • Benefits of Republic of Georgia -

    Setting up an International Finance
    Company in Georgia

    License Application
    Documents, Requirements and
    Expected Timeframe

  • Financial Holding &
    Private Asset
    Management
  • BVI Hedge Funds
  • Funds in the British Virgin Islands
    Fund Structuring

    British Virgin Islands
    Registration of an Investment Fund

    BVI Incubator and Approved Fund

    BVI Hedge (Incubator) Funds
    Limited Functionary Requirements

  • Luxembourg
    Private Asset Management
    Company (SPF)
  • Luxembourg Private Asset Management Company (SPF) - The Concept

    Permitted and Prohibited Activities of a Luxembourg SPF

    Luxembourg SPF
    Capital Requirement and Supervision

    Luxembourg Private Asset Management (SPF)
    Advantages

  • Luxembourg
    Holding & Finance Company
    SOPARFI
  • Luxembourg SOPARFI (Société de Participations Financières) - The Concept

    Why Luxembourg?

    Luxembourg Holding (SOPARFI)
    Advantages

Georgia International Finance Company
If you do not serve Georgian customers
But wish to offer International Financial Services
An International Financial Company in Georgia
Is the right option!
Setup within 4 weeks
Including License from the Ministry of Finance
Benefits of Republic of Georgia

- Applicants can benefit of some of the most liberal banking and e-money processing laws worldwide, attracting foreign customers and payment flows;

- Georgia is not a Member of the European Union, but has adapted certain parts of European regulations and legislation; but kept its own local laws in order to protect the domestic financial industry and avoid over-regulation;

- Georgian Banks are very flexible in customer support, service, fees and compliance;

- Georgian Banks are connected to the IBAN Network and are also full SWIFT/BIC Members (no intermediary banks are needed for your customers for sending funds to your firm);

- Licenses are being granted by the National Bank of Georgia (NBG), the official State Authority which is the supervisor of Financial Markets;

- Due to location Georgia is perfectly suited to set-up a business and do business both with West and East;

- Georgia is very attractive for its legal framework, law infrastructure etc.;

- You may conduct all FX-related activities (Binary Options, CFDs, Commodities, Shares, Equities, Bonds, etc.);

- Georgia benefits from an excellent reputation as a modern financial market place, that allows even offshore clients;

- Minimum requirements for offices, directors and staff (which also are very low cost-priced);

- Clients of your firm will be enjoying maximum of privacy - no regulated or automatic exchange of info of account holder's data;

- Georgia is a full member of MONEYVAL which is one of the FATF-styled Regional Bodies (FSRBs) and has to fulfill the same task force actions for money laundering and terrorism financing prevention.

Setting up an International Finance Company in Georgia

If you will not provide services to local resident Georgian customers but wish to offer international financial services -- then an International Financial Company in Georgia is the right option. Registration will take approximately 4 weeks’ time only, including License from the Ministry of Finance to conduct your business as IFC.

Description

An international finance company is a financial institution that is granted the status of an international financial company.

The revenues generated by an international financial company from a source in Georgia as a result of performing financial transactions and/or rendering of financial services must not be higher than 10 percent of its gross income

The company is designed to do and offer business outside Georgia. An international financial company is established outside a free industrial zone.

Profits exempted from corporate income tax:

- Profits of an international financial company from financial transactions and/or financial services and/or the sale
of securities derived by a non-
Georgian resident;
- Profits from the sale of securities derived by an international financial company.
- Profit derived by an investment fund from provision of financial instruments and/or from financial transactions and/or
financial services, provided an investment fund is an international financial company
- Providing financial services to Non-Georgian citizens

Georgian International Finance Company (GIFC)
License Application
Documents and Requirements

- Notarized passport copy with Apostille (valid for at least 6 more months) - Original
- Police Clearance Certificate / Certificate of Non-Criminal Conviction with Apostille (not older than 2 months) - Original
- Power of Attorney undersigned with signature's verification by your Notary Public - Original
- Diploma copies, reference letters from current or previous employers displaying that you have the necessary skills and
knowledge to be acting as a broker, or securities dealer, or an FX expert (the more references you bring the easiest the
approval procedure)
- CV undersigned
- Two name proposal for the company (to see if they are available for incorporation there)

If you reside in a country that is not signatory of the Hague Apostille Convention, an over-legalization of the Supreme Court or Ministry of Foreign Affairs (or other courts of justice) are usually required.

Procedures for License Application

Step 1

Submit a simple high-resolution passport scan and the Due Diligence Questionnaire to info@tba-associates.com. Our Georgian lawyer will prepare the POA. With this document and your passport, you visit your local Notary Public and let them certify as True Copies of the Originals. Courier then all originals to the address of your legal partner in Georgia that we will provide you.

Step 2

The company formation takes usually one week (European standard) until all filed documents are available and the company is entered in the register. The legal partner in Georgia that operates via POA is responsible for the bank account openings and corporate setup. The same way, the preparations of the business description in Georgian language, the setup of application forms and all relevant information in order to become an International Financial Company IFC will simultaneously take place.

Step 3

Your application will be submitted to the Ministry of Finance / Revenue Services. Usually within 3-4 weeks you should receive the license certificate with your unique identifier number that permits to get all activities started.

Step 4

Lawyers will pick up the issued license certificates for you. The bank account opening has been successfully terminated and banking documents like debit cards, digipass, etc. will be sent in sealed envelopes via courier service (FedEx or UPS) to you. The corporate documents are also to be shipped in original to you incl. the translations into English.

Capital Requirements

Authorized capital - included in our fees
Securities Deposit / Capital Requirements - not applicable
Tax liability – nil

Bank Accounts

You can open bank accounts for your licensed Georgian IFC anywhere in Georgia. A SWIFT connected IBAN account in the name of the company as account holders are already included - also Debit Cards for the owners of the company.

If you wish to execute SEPA payments within the European Union, we can introduce you to a partner Payment Service Provider in the Czech Republic to do these transfers via their platform from €3,00 per transfer.

Expected Timing to Complete the Whole Process

Usually you can get the licensed within 4 weeks!

Atrium Practice

Our lawyers and financial services specialists at ATRIUM LEGAL LAB provide solutions to clients by combining the traditional legal fabric with new technologies.

A Georgian International Finance Company can be launched very quickly and allows you to carry out a wide range of financial services such as:

- Cryptocurrency Crowdfunding
- Investment Advice to Foreigners
- Portfolio Structuring services to Foreigners
- Issuing Debit Cards via MasterCard / Visa Principal Members
- Crowdfunding in general
- Offshore Binary Options
- Offshore Asset Management (fiat/crypto)
- Offshore FX
- Offshore Cryptocurrency Exchange & Offshore cryptocurrency trading

Atrium Legal Lab has a team of trained professionals to advise clients who are interested setting up a Georgian IFC. In particular, we welcome questions about Georgian IFC and are pleased to assist you.

Should you have an enquiry
You would like to discuss with us
You can either call or email us.

One of our Customer Representatives will be most pleased to help and assist you

Send us your message Now!
Legal disclaimer

The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by Atrium Legal Lab Ltd and shall be applied with prior consultation.

Atrium Legal Lab Ltd does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.

The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.

While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations Atrium Legal Lab (BVI) Ltd accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.

Atrium Legal Lab Ltd accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.