In the regulated world of virtual assets, a license is not a suggestion—it is the absolute prerequisite for legal operation. For any entity planning to operate a cryptocurrency exchange, offer custodial wallet services, or function as a brokerage in Georgia, securing registration as a Virtual Asset Service Provider (VASP) with the National Bank of Georgia (NBG) is a mandatory and high-stakes process. Attempting to navigate this complex procedure without expert legal guidance is a direct path to rejection, costly delays, and significant regulatory penalties. Our firm specializes in managing the entire VASP registration lifecycle, transforming a daunting regulatory hurdle into a structured and predictable path to market entry.
Our service is essential for any entrepreneur or established business aiming to enter Georgia’s regulated crypto market. We act as your dedicated project managers and legal architects throughout the entire NBG licensing process. Our comprehensive approach begins with a pre-application strategic assessment. Before any documents are filed, we conduct a thorough review of your business model, corporate structure, and the backgrounds of your ultimate beneficial owners (UBOs) and directors. This crucial step allows us to identify and proactively address any potential red flags, ensuring your application is robust and compliant from the very outset.
The core of our work is the meticulous preparation of the complete application dossier required by the NBG. We assist in drafting and assembling all necessary documentation, including a detailed and persuasive business plan, comprehensive corporate governance documents, and a robust Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) policy framework. This AML/CFT policy is not just a formality; it is a critical component of any successful application and is scrutinized heavily by the regulator. We ensure your policies are not only compliant with Georgian law but also reflect international best practices.
Beyond documentation, we serve as your official liaison with the regulator. We manage all communication with the National Bank of Georgia, handling formal submissions, responding efficiently to any regulatory requests for information (RFI), and skillfully advocating on your behalf throughout the review period. A successful application yields more than just a license; it is a stamp of credibility that opens doors to stable banking relationships, institutional partnerships, and a broader, more trusting customer base. We provide the expert guidance and hands-on support required to pass this rigorous test and secure your legal authority to operate and grow in the Georgian market.
