What licenses and state rules apply to offering short-term online loans in Georgia?

Dear Customer,
Thank you for your inquiry and for considering Georgia as a jurisdiction for your online lending project.
In Georgia, short-term consumer lending (including online microloans) is a regulated activity and may require registration/licensing with the competent authority, including, depending on the exact model, supervision by the National Bank of Georgia.
To provide full information, it is important to note that the exact licensing route, interest-rate and fee limitations, and compliance framework depend heavily on several factors. In particular, the type of loans (B2C or B2B, secured or unsecured, short-term payday-style vs. longer-term instalment loans), your corporate structure, risk profile, and other specific details play a key role. Therefore, a tailored review of your intended business model is essential before moving forward.
We at Prime Legal Georgia would be happy to assist you with:
- Assessing whether your planned activity triggers licensing/registration;
- Structuring the company and drafting internal policies (AML/KYC, risk, complaints, etc.);
- Preparing loan agreements, terms & conditions and website/online platform documentation
Best regards,
Prime Legal Georgia

Dear Customer,
Thank you for your inquiry and for considering Georgia as a jurisdiction for your online lending project.
In Georgia, short-term consumer lending (including online microloans) is a regulated activity and may require registration/licensing with the competent authority, including, depending on the exact model, supervision by the National Bank of Georgia.

To provide full information, it is important to note that the exact licensing route, interest-rate and fee limitations, and compliance framework depend heavily on several factors. In particular, the type of loans (B2C or B2B, secured or unsecured, short-term payday-style vs. longer-term instalment loans), your corporate structure, risk profile, and other specific details play a key role. Therefore, a tailored review of your intended business model is essential before moving forward.

We at Prime Legal Georgia would be happy to assist you with:
- Assessing whether your planned activity triggers licensing/registration;
- Structuring the company and drafting internal policies (AML/KYC, risk, complaints, etc.);
- Preparing loan agreements, terms & conditions and website/online platform documentation

Best regards,
Prime Legal Georgia

Dear Customer, 
Thank you for your inquiry and for considering Georgia as a jurisdiction for your online lending project.
In Georgia, short-term consumer lending (including online microloans) is a regulated activity and may require registration/licensing with the competent authority, including, depending on the exact model, supervision by the National Bank of Georgia. 

To provide full information, it is important to note that the exact licensing route, interest-rate and fee limitations, and compliance framework depend heavily on several factors. In particular, the type of loans (B2C or B2B, secured or unsecured, short-term payday-style vs. longer-term instalment loans), your corporate structure, risk profile, and other specific details play a key role. Therefore, a tailored review of your intended business model is essential before moving forward.

We at Prime Legal Georgia would be happy to assist you with:

• Assessing whether your planned activity triggers licensing/registration;
• Structuring the company and drafting internal policies (AML/KYC, risk, complaints, etc.);
• Preparing loan agreements, terms & conditions and website/online platform documentation

Best regards, 
Prime Legal Georgia

En vertu du droit géorgien, la fourniture de services de prêt en ligne à court terme (y compris les microcrédits et les prêts à la consommation) est considérée comme une activité réglementée et est évaluée en fonction de la structure spécifique du modèle économique.

Dans un premier temps, il est essentiel de déterminer si l’activité de prêt est destinée aux consommateurs (B2C) ou orientée vers les entreprises (B2B), si les prêts sont garantis ou non garantis, ainsi que les conditions et modalités financières applicables. Ces éléments sont déterminants pour savoir si l’activité relève de la supervision de la Banque nationale de Géorgie.

Selon la structure, les exigences suivantes peuvent s’appliquer :

• Enregistrement ou obtention d’une licence auprès de l’autorité de régulation compétente ;


• Conformité aux réglementations de protection des consommateurs, aux obligations de transparence et de divulgation ;


• Respect des réglementations sur la protection des données personnelles et la lutte contre le blanchiment de capitaux et le financement du terrorisme.

En outre, une attention particulière doit être accordée à la rédaction des contrats de prêt, à la définition claire des conditions de prêt et aux mécanismes efficaces de résolution des litiges lors de l’exploitation d’une plateforme en ligne.

En pratique, chaque projet de prêt en ligne nécessite une évaluation juridique sur mesure afin de déterminer le cadre réglementaire applicable, les obligations en matière de licences et les étapes de conformité avant de lancer les opérations en Géorgie.