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Georgia is one of the fastest growing economies in Eastern Europe with vibrant financial markets, which in the past few year attracted the attention of foreign investors.
Forex and CFD brokers, Asset Managers and of course all banks in Georgia have to be licensed by the local authorities. The principal regulator in the country is the central bank – the Bank of Georgia, which apart from looking after the Georgian Lari, the local currency, the monetary policy and the price stability, also grants Georgia Foreign Exchange (FX)and Asset Management Licenses to brokerage companies.
In order to get the license a company should be either be locally incorporated or should have a subsidiary, incorporated in the country. And it should also have a minimum paid – in capital of at least 500 000 Georgian Lari or roughly 161 000 EUR. That money, however can be used for operational purposes under the sole condition that they are replenished in the end of the quarter.
Apart from major credit and debit cards like VISA and MasterCard, you can fund your trading account at a Georgian broker with a number of local e-wallets like ZixiPay, Geopay, AdjaraPay, IFSPAY and UniPAY.