All the parties interested in establishing a Microfinance Institution (MFI) or a Non-Bank Financial Institution (NBFI) must initially apply for registration/license to exercise the financial activities as stated in the Law on Banks, MFs, and NBFIs. Those interested must initially read MFI/NBFI Registration Manual and the Frequently Asked Questions for MFI/NBFI Registration, then directly contact the Department for Licensing and Standardization at the CBK to set up an informational meeting, which is mandatory prior to the application process.

The Department for Licensing and Standardization provides all the the necessary instructions for the application process for registering/licensing a MFI or NBFI. The department can be reached via the official email Licencimi@bqk-kos.org or via telephone number +381 (0) 38 222 055.