In the regulated world of virtual assets, a license is not a suggestion—it is the absolute prerequisite to legal operation. For any entity aspiring to operate a cryptocurrency exchange, offer 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, high-stakes process. Attempting this without expert legal guidance is a direct path to rejection, costly delays, and penalties. Legal Sandbox Georgia transforms this daunting hurdle into a structured and predictable path to market entry.
Our work begins not with paperwork, but with a strategic assessment. We conduct a thorough review of your business model, corporate structure, and the backgrounds of your ultimate beneficial owners (UBOs) and directors. At this stage, we identify potential "red flags" and work with you to address them proactively, ensuring your application is strong from the outset. Following this, we prepare the complete application package required by the NBG. This includes drafting and assembling a detailed business plan, corporate governance documents, and, critically, a robust Anti-Money Laundering (AML/CFT) policy.
In parallel with application preparation, we act as your official representatives, managing all communication with the National Bank of Georgia. We handle formal submissions, respond to regulatory queries, and skillfully advocate on your behalf throughout the review period. A successful application is more than a license; it is a stamp of credibility that opens doors to banking relationships, institutional partners, and a broader customer base. We provide the expert guidance required to pass this test and secure your legal authority to operate in the Georgian market.