Georgia crypto license
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Launching a crypto business in Georgia offers clear advantages for innovative startups and established companies. Whether you plan to run a cryptocurrency exchange, manage blockchain assets, or offer custodial services, Georgia’s flexible crypto license options cover a broad range of activities. The process for obtaining a license is transparent and efficient, supported by modern infrastructure and a straightforward legal framework. With both mainland and Free Industrial Zone licensing models, you can choose the regulatory approach and tax benefits that best match your goals. Explore how to get your crypto license in Georgia and build your project with confidence.
Advantages of a Georgian crypto license
Financial Overview
Registration Timelines
The company registration process is finalized within 1-2 working days after the documents are filed. VASP-related registrations in Free Industrial Zones take approximately 5 to 10 business days to complete. Full setup, including all necessary permits, typically ranges between 4 to 8 weeks in total.
Annual Renewal Costs
Annual renewal fees are mandatory to maintain the active status of your business and specific licenses. Costs vary from $500 to $2,000 depending on the specific zone and type of activity conducted. We ensure transparent pricing with no hidden charges throughout the entire term of your business life.
Dividend & Corporate Tax
The standard corporate income tax rate for businesses incorporated in Georgia is set at 15%. Shareholders benefit from a low dividend tax rate of only 5% on distributed company profits. Special simplified reporting systems are available for small and medium-sized international enterprises.
Minimum Share Capital
There are officially no requirements for minimum share capital when registering a new business in Georgia. This lack of a financial barrier reduces the initial entry cost for startups and individual entrepreneurs. Founders can allocate their capital more effectively toward technology, marketing, and operational growth.
The process of opening a crypto company
Follow these basic steps to start your crypto business in Georgia:
Core Requirements
Corporate Documentation & Identity
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A complete company registration application and a charter defining the management structure are required.
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Valid passport copies for all founders and directors must be provided for the official registration.
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A legal registration address in Georgia is mandatory for every entity incorporated within the jurisdiction.
Management & Residency Standards
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Directors and shareholders can be of any nationality and are not required to be Georgian residents.
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All individuals appointed to managerial or ownership roles must be at least 18 years of age.
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Our team ensures complete confidentiality of all information provided during the entire legal process.
Compliance & Financial Readiness
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A local Georgian bank account must be opened to facilitate corporate transactions and financial operations.
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A Tax Identification Number (TIN) is assigned to ensure the business complies with local tax laws.
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Simplified accounting systems and expert support are available to help manage ongoing reporting duties.
Frequently Asked Questions About Georgia Crypto License
Still have questions?
What is a Georgia crypto license and why do I need one?
A Georgia crypto license is official permission for companies to legally provide cryptocurrency services in Georgia. There are two types: a Virtual Asset Service Provider (VASP) license for companies on the mainland, and a Free Industrial Zone (FIZ) crypto license for companies in designated free zones. If you want to operate a crypto exchange, custody service, or offer blockchain-related activities in or from Georgia, you must get the relevant license to comply with local regulations and anti-money laundering rules.
What types of crypto licenses exist in Georgia?
Georgia offers two main crypto licenses. The mainland VASP license, issued by the National Bank of Georgia, allows companies to work with crypto-to-fiat exchanges, wallets, asset management, and more, but requires strict compliance and local office presence. The FIZ crypto license is valid within Georgia’s Free Industrial Zones and is suitable for international crypto businesses, offering simplified procedures, lower taxes, and fewer local obligations.
Who regulates cryptocurrency businesses in Georgia?
Crypto businesses in Georgia are regulated mainly by the National Bank of Georgia (NBG), which issues and supervises VASP licenses. The Financial Monitoring Service (FMS) enforces anti-money laundering and counter-terrorism rules. For companies in Free Industrial Zones, the FIZ administration handles company registration and licensing, while NBG and FMS supervise compliance.
What is the process of obtaining a Georgia crypto license?
To get a VASP license on the mainland, you register a company, prepare corporate documents, open a bank account, and apply with the NBG, meeting requirements for AML/KYC and local presence. For an FIZ crypto license, you can set up an LLC or JSC in a free zone (often remotely), submit the required documents, and obtain your license in 5–10 working days. Both processes have no minimum capital requirement.
What are the main compliance and AML/KYC obligations?
Georgia requires all licensed crypto companies to develop a risk-based AML program, perform mandatory customer checks (including identity and beneficial owner verification), monitor transactions for suspicious activity, and report anomalies to the authorities. Anonymous accounts are not allowed. Regular audits and recordkeeping are mandatory, especially for mainland-licensed businesses.
What are the tax rules for crypto businesses in Georgia?
Companies with a mainland license pay 15% corporate tax only on distributed profits (no tax on retained earnings). FIZ crypto companies benefit from 0% corporate tax, 0% VAT, and 0% property tax—only paying a 5% tax on dividends to non-resident owners. Individuals are exempt from income tax on crypto trading and VAT on currency exchanges. There is no withholding tax on most cross-border payments from FIZ companies.
Can foreigners own and operate a crypto company in Georgia?
Yes, there are no restrictions on foreign ownership for crypto companies in Georgia. Both mainland and FIZ structures allow 100% foreign shareholders and directors. Registration can often be done remotely, especially in Free Industrial Zones.
VASP Registration Overview
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