What do I need to be granted Status and License of IFC ( International Financial Company) ?
RULE 1: Be a Financial Institution
Or/And another organization providing financial services.
Video Blog About IFO licensing in Georgia
TAX HEAVEN for International Financial Companies
Profit received from Financial operations are TAX EXEMPT. You do not need to pay any taxes for selling securities as well.
Steps to Obtain status of International Financial Company
First of all, you need to make sure, which of the above mentioned companies are you representing. Brokerage Company? Investment Fund? a Credit Union? or what else? As it’s clarified, you need to follow two steps for status granting.
Application for Brokerage Company in Georgia
STEP1: Company Registration
To get Registered as a Brokerage Company in Georgia first of all you need to Register Company in Public Registry of Georgia. This is ordinary Company Formation Procedure. You can Find Details By Clicking Here. When you are seeking for this license you can have both LLC and JSC. You will probably go for Joint Stock Company Instead of Limited Liability one when you are planning to have international financial company, right? Procedure for Having JSC or LLC is quite similar, which you can find in our separate Blog HERE. However, if you still suffer from lack on information than here we are to Help you! This is our Mission. Book Your Free Consultation right now.
STEP2: Obtaining License from The National Bank of Georgia
STEP 3: Obraining the Status of International Financial Company from the Revenue House of Georgia
Application Package CheckList: