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Set Up An Asset Management Company in Georgia & Gain Benefits

The role of an asset management company is significant in channelizing the resources. The booming Georgian economy is the right platform to set up one.

Kaukapital
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Set Up An Asset Management Company in Georgia & Gain Benefits

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  1. Set Up An Asset Management Company in Georgia & Gain Benefits The financial markets help in channelling the funds in an economy. They do so by taking funds from the lenders and provide the same to the borrowers. The process can either be done directly or through the financial intermediaries. There are broadly three types of financial intermediaries who act as a conduit between the fund givers and fund receivers. These are banks, insurance and asset management companies. The latter provides professional investment services to individuals, groups or companies and even governments. In addition, these companies manage the funds or act as a financial intermediary for pension funds and insurance companies as well.

  2. An asset management company or AMC pools in the resources or assets of savers, the categories of which are mentioned above, and diversifies the same by parking them in various financial portfolios such as securities, certificates, stocks, bills, bonds etc. In doing so, the company helps in risk mitigation and achieves a financial objective for its clients. By dealing with a large number of financial instruments, the company helps to bring down the transaction costs for the investors. Not only such a company helps the investors in managing their funds and providing them with liquidity when needed, it also fulfils the short and long term capital requirements of banks, governments and financial institutions. It goes without saying that a booming economy helps the asset management companies in securing a large pool of resources from their business savvy clients. In the same vein, the diversified financial portfolios to which they channelize the funds of their clients, offer better returns. This means such companies are always on the lookout for greener pastures where the rising economy provides the proverbial springboard to make profits. If you happen to be one such asset manager, you must shift your glare towards the Caucasian Republic of Georgia. Why is Georgia a goldmine for asset managers? The answer lies in the booming economy of Georgia and the favourable economic forecasts it has received from credible institutions like the World Bank, IMF and EBRD. The strong economic fundamentals of Georgia are duly complemented by low taxes, a stable (read booming) capital market, favourable trade laws and so on. The low tax rates (tax holidays in the special economic zones) are an attraction for companies who are facing the spectre of high tax rates in their home countries cutting through their hard earned revenues. And yes, as an asset manager in Georgia, you can deal in forex provided you get the requisite license from the National Bank of Georgia. How to go about establishing an AMC in Georgia? The rules and procedures are fairly simple, which for an asset manager, can turn out to be a breeze. However, taking the help of an established consulting company such as Kaukapital can be of help. The process to get an AMC license is as follows.

  3. Passport of the directors and shareholders, name of the company, residential addresses of the directors and shareholders, and email of the company • Produce CV and a certificate of no criminal record • Certificates of Educational Qualification and Experience • Experience should be over 2 years in dealing with the National Bank for brokerage, PSP and emoney • No taxes apply if you reinvest the money • If you get special status, you are exempted from paying corporate tax on incomes originating out of Georgia • If you withdraw the money you only pay 5% • • Submit the auditing accounting report quarterly to the National Bank and the monthly accounting report to the tax service Conclusion For an asset management company investing in Georgia would make a sound business decision given the many benefits and favourable policies. Resourse: http://www.kaukapital.com/2018/04/11/set-up-an-asset- management-co-in-georgia-gain-benefits/ Kaukapital Kaukapital Address: Address: Lisi veranda, Tiripebi street 2, 0159 Tbilisi, Georgia Mobile: Mobile: +995593760930 Email: Email: info@kaukapital.com Website: Website: www.kaukapital.com Stay Connected Via: Stay Connected Via:

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