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The promissory note is an obligation (document) under which its issuer is entrusted with unconditional obligation to pay the amount mentioned in the bill along with accrued interest.
Which currency is exactable promissory note?
Promissory note can be received in Gel and in USD Dollars
Terms of Promissory note
Promissory note can be opened for 12, 18, 24 and 60 months
Receiving interests
Effective Interests can be received monthly, quarterly or in the end of promissory note
What is criteria to become promissory note owner?
Owner of promissory note must be at least 18 years old and the minimum contribution mist be 100 000 Gel or it’s equivalent in USD Dollars
Can foreigner acquire promissory note?
Promissory note can be given as to a citizen of Georgia as well as to foreign citizen subject to fulfilling KYC and AML requirement as prescribed by NBG
For acquiring promissory note you must have only::
- Identification Document
- Savings in Gel or U.S. Dollars
(The currency exchange rate may significantly decrease the GEL-expressed benefits)