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Georgia

3-6 weeks Turnkey Solution

Georgia is a favorable jurisdiction for cryptocurrency business. COINsiglieri provides professional support in obtaining a crypto license in Georgia.

Ask for price

LLC Company

It necessary to establish a corporation before applying for a cryptocurrency license in Georgia. It is recommended to do so in a Free Industrial Zone (FIZ), which offers advantageous taxation and other benefits. There is no required authorized capital. It should be highlighted, however, that the organization must show a reasonable business plan.


Georgia is one of the countries with a legislative framework that allows overseas dealers to work with cryptocurrencies. Because of excellent tax conditions, lax rules, and a liberal government, this country is welcoming to cryptocurrency.

Every company that seeks to conduct virtual currency activities in Georgia must obtain a crypto license. It will allow you to lawfully conduct operations for the purchase and sale of cryptocurrencies, as well as provide services for storing it in wallets and carrying out transactions.


Obtaining a license for a crypto exchange in Georgia is simple and can take up to few months if all essential documentation are completed correctly.

MiCA Directive

As an outcome, compared to most other European countries for crypto enterprises, Georgia will comply to MiCA Directive in 2024-2025.

I want to learn more about MiCA

List of VASP license capabilities in Georgia

Crypto to FIAT exchange

Crypto to crypto exchange

Crypto to crypto exchange

Exchange between virtual currencies and means of payment. VASP companies are authorized to provide exchange services between various forms of virtual assets with fiat currency.

Examples: Euro/BTC or ETH/USD. 

Crypto to crypto exchange

Crypto to crypto exchange

Crypto to crypto exchange

A crypto license in Georgia allows its holder to provide services for exchanging crypto to crypto, which means their customers can buy or sell available utility tokens in exchange for other tokens.

Assets under custody

Crypto to crypto exchange

Assets under custody

The VASP license also allows its operator to act as a custodian, and store crypto assets on behalf of its clients in custodian wallets, which means that the operator may open a wallet for a customer while keeping the private keys.

ICO

Other activities

Assets under custody

Virtual Assets Service Providers have the ability to organize Initial Coin Offerings (ICOs), where they issue an offer to purchase the VASP's cryptocurrency for the first time. It is vital to note that during an ICO, the VASP company may only issue utility tokens.

Other activities

Other activities

Other activities

  •  Portfolio management of convertible virtual assets (excluding collective portfolio management) 
  • Lending of convertible virtual asset

Mining

Other activities

Other activities

Cryptocurrency mining in Georgia can be profitable

  • Cheap electricity costs 
  • Availability of affordable computing equipment
  • NO taxation on crypto mining income

Legal Acts

Banks Act

Law On Business On The Capital Market

Law On Business On The Capital Market

This framework establishes grounds for bank activities and may aid in understanding the principle of providing custody services.

Banks Act

Law On Business On The Capital Market

Law On Business On The Capital Market

Law On Business On The Capital Market

Contains definitions of financial instruments as well as requirements for transactions with such instruments. 

Check the law

Act on Investment Companies and Investment Funds

Act on Investment Companies and Investment Funds

Act on Investment Companies and Investment Funds

Contains basic principles of asset management and requirements for fund managers. 

check the law

Payment Systems Act

Act on Investment Companies and Investment Funds

Act on Investment Companies and Investment Funds

 Regulates payment systems (incl. EMIs) and licensing of this type of business 

Check the law

Advantages of the Georgian Crypto License

  •  Favorable environment for the development of the crypto business 

Georgia is one of the world's most welcoming countries to cryptocurrencies. Mining is thriving, and cryptomats are operating successfully because of the low cost of electricity. Monthly transactions in the cryptocurrency exchanges in the country amount to up to 5 million lari (1.6 million USD). Taxes on digital asset operations are low, the rules are flexible, and acquiring a license for a crypto exchange in Georgia in 2023 is simple if all of the regulator's prerequisites are met

  •  Fast terms for obtaining a crypto license in Georgia 

Frequently Asked Questions

Please reach us at legal@coinsiglieri.com if you cannot find an answer to your question.

15% from Profit

Regarding crypto taxation, the following decisions were taken by the Ministry of Finance:

  • Income received by an individual from the supply of crypto assets is tax-free
  • Individual supply of a crypto asset (exchange of a crypto asset for national or foreign cash) is also VAT exempt
  • Simultaneously, crypto firms must pay corporation fees on revenues, including those generated abroad. Companies should pay a 15% tax on each transaction if they profit from it.

Georgia implemented the "Estonian model" of taxes on January 1, 2017, which is based on the premise of taxation solely from distributed profits. This means that businesses are free from paying income tax if they do not issue dividends and instead invest in corporate development.


Remember that if you want to gain tax benefits, you should consider forming a company in Georgia's FIZ. The following are the primary benefits:

  • Property tax exemption for registered companies in FIZ Georgia
  • There is no VAT or import duty on items brought into the FIZ
  • There is no VAT on transactions between FIZ-registered firms
  • If the conditions set out in Georgia's Tax Code are met, the company's profits may be excluded from corporate tax
  • There are, however, no restrictions on capital repatriation.

The Georgian government has promised to implement the Common Reporting Standard (CRS) by 2023. The government believes that implementing CRS will boost the country's budget since it will assist identify the income of taxpayers who have previously avoided the introduction and payment of taxes. Georgia will join the 113 other countries that have already adopted automatic exchange.


  • National Bank of Georgia


No requirements.


Realistic term for a new, from scratch company, is 2 - 4 month.

But, we sometimes have ready-made solutions that can take no more than 3-6 weeks. Just ask us about what we have available.


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COINsiglieri is a Registered Trademark brand name and logo—Reg. Nr.: 20220403-1135.

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