Officially, the amendments to the Law on Labor Migration will come into force on March 1, 2026, with a transition period until January 1, 2027, for some workers. So some aspects of the legislation may need until then to be fully resolved.
When the authorities provide clarification and subordinate legislation appears, the media doesn’t always pick up on it. So, discussing your case with a professional lawyer is a good idea just to be safe. Our initial consultation lasts thirty minutes and, most importantly, is completely free of charge.
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Yes. There is no citizenship or residency requirement for the applicant or the beneficial owner. Foreign nationals and foreign-registered companies can apply. The key requirement is that Georgia must be the genuine center of your business operations, demonstrated through your business plan.
Yes. The National Bank requires at least one authorized representative of the company to be physically present in Georgia for a minimum of 14 days per calendar month. A virtual address alone is not sufficient — you need a real operational presence.
No. AML and CFT policies written for other countries — even well-regulated ones like the UAE or EU member states — will not meet Georgian standards. Your internal policy document must be built from scratch based on Georgian legislation. Submitting a translated foreign policy is one of the most common reasons applications are rejected
The NBG has 60 days to respond to your initial submission, then up to a further 60 days after your resubmission. Combined with preparation time (4–6 weeks) and your response window (1 month), the realistic total timeline is 6–8 months. Plan accordingly.
The National Bank is required by law to state a specific reason for any refusal. There is no mandatory waiting period — once you address the stated reason, you can reapply immediately. Each submission incurs the GEL 5,000 state fee. This is why thorough preparation from the start is the most cost-effective approach.
Since July 2023, operating as a virtual asset service provider in Georgia without registration is illegal. Penalties include fines of up to GEL 20,000. Unlicensed operation also makes it effectively impossible to open and maintain corporate bank accounts.
It takes one week to open a brokerage account in Georgia in person on average. That can extend into two weeks if you’re doing it with a power of attorney. And that’s taking into account the time needed to prepare the documents and have the broker verify them.
There are several brokerage companies in Georgia with a license from the National Bank, but most foreigners work with the two largest: Galt & Taggart or TBC Capital. These are subsidiary branches of the largest banks in the country, Bank of Georgia and TBC. Some of their services overlap, and commissions are similar. We can steer you towards the one most suited to your investment strategy during a consultation, or you can read the article about it on our blog.
The National Bank requires brokers to keep client funds (money and securities) separate from their own capital. So even were a broker to go bankrupt, creditors would have no claim to your money, and investor funds have no part in a broker’s commercial activities, such as to hedge third-party transactions. The integrity of client accounts is checked daily, and brokers are constantly being subjected to financial audits.
Since these countries are under U.S. and European sanctions, citizens of the Russian Federation and the Republic of Belarus cannot invest in American and European securities through Georgia brokers. They can still open a brokerage account, though, to access the high-yield corporate bonds of Georgian companies.
Not yet. But investments in other instruments that correlate with the dynamics of cryptocurrencies are available to you. For example, in shares of American mining companies, video card manufacturers, or spot ETFs on bitcoin.
