Crypto license in Georgia
Georgia Assistant offers assistance in obtaining a license in the field of cryptocurrencies and digital assets in Georgia
from 15000$
from 14 days
Obtaining a Crypto License in Georgia with Georgia Assistant
If you are planning to obtain a crypto license in Georgia, our company provides full support for the process. We will help with the preparation of documents, the choice of legal form and interaction with regulatory authorities so that you can focus on developing your crypto business.
The price includes:
preparation of documents, preparation and registration of a company in the Georgian Free Industrial Zone, obtaining the status of a Virtual Asset Service Provider (VASP), assistance in obtaining a license
Required documents:
company incorporation documents, physical office in Georgia
A crypto license is an official permit issued by a government agency that grants a company the right to carry out legal activities in the field of cryptocurrencies and digital assets. Having such a license allows you to engage in specialized operations, including exchange, storage, asset management, ICO, and organization of cryptocurrency exchanges. Obtaining a crypto license ensures the legal functioning of a business, increases trust from customers and partners. The Georgian government has created quite attractive conditions in the image of the European regulatory body, MiCA (Regulation of Markets in Crypto-assets), to attract investments, foreign entrepreneurs, and to develop the national market for digital currency transactions.
Types of crypto-licenses
There are different types of permits that allow companies to engage in certain areas related to digital currencies.
- Cryptocurrency exchange permit: allows the exchange of electronic money for fiat (unsecured) and vice versa.
- Crypto asset storage license: grants the right to store and protect clients’ digital assets.
- Investment fund management: allows the management of specialized organizations investing in electronic money.
- Organization of a cryptocurrency exchange: allows the creation of a platform for trading cryptocurrencies between users.
- Conducting an ICO: permits the implementation of initial coin offerings to attract investment in projects.
Georgia' requirements for cryptocurrency transactions
Georgia is becoming an increasingly attractive jurisdiction for crypto companies due to its favorable legislation and loyal tax regime. However, since 2024, the state has adopted laws regulating the relevant activities. Georgia’s requirements for cryptocurrency activities include:
- Company registration in the country.
- Obtaining the status of a Virtual Asset Service Provider (VASP).
- Compliance with AML/KYC rules to prevent money laundering and terrorist financing.
- Ensuring data protection, customer privacy.
- Compliance with reporting and accounting requirements.
- A physical office, technical equipment for secure transactions.
Virtual Asset Service Provider (VASP) Activities
A virtual asset service provider (VASP) is a company that has the right to carry out the following activities:
- Exchange between cryptocurrencies and fiat currencies.
- Storage, management of clients’ digital assets.
- Conducting initial coin offerings (ICO), other investment events.
- Management of investment funds investing in cryptocurrencies.
- Provision of payment services using cryptocurrencies.
Benefits of Obtaining a Cryptocurrency License (VASP Status) in Georgia
- Favorable tax situation: low taxes on income from cryptocurrency activities.
- Transparent, clear regulation based on European standards.
- Fast and efficient licensing process.
- Possibility to open bank accounts in Georgian banks.
- No strict requirements for the size of the authorized capital.
- Possibility to work with foreign investors, access to the international market.
- Government support, development of the IT sector.
- More favorable conditions compared to other jurisdictions, such as the UAE, Poland, Lithuania, Singapore or Hong Kong.
Requirements for a Virtual Asset Service Provider in Georgia
- Registration of a company in Georgia in accordance with local legislation.
- Availability of a qualified director, employees without criminal records, violations of the law.
- Opening a physical office in the country that meets all requirements.
- Development of internal policies, procedures for AML/KYC, risk management, data protection.
- Ensuring compliance of the technical system with security requirements, capabilities for processing transactions.
- Compliance with reporting requirements, provision of information to the regulator.
- No financial obligations, no criminal records of beneficial owners.
- Compliance with the privacy policy, protection of the interests of clients.
VASP operations, reporting
- Compliance with AML/KYC rules, conducting customer checks.
- Regular reporting to the regulator (National Bank) on transactions performed.
- Ensuring the security of funds, customer data.
- Conducting internal audit, risk monitoring.
- Mandatory notification of the regulator of any significant changes in activities.
- Compliance with all accounting requirements, tax legislation.
- Ensuring a high degree of transparency, readiness for inspections by the regulator.
How to get a crypto license in Georgia: steps
- Preparation of a business plan, determination of the type of crypto license depending on the planned activity.
- Company registration: Selection of a corporate form, usually LLC.
- Preparation of constituent documents.
- Registration with the National Agency of State Registry.
- Development of internal policies, AML/KYC procedures.
- Opening a bank account in a Georgian bank.
- Preparation and submission of an application for a license to the relevant authority.
- Installation of the necessary IT infrastructure, acquisition of software.
- Hiring, training personnel, including finance, compliance and IT specialists.
- Passing the check, obtaining a permit for activity.
- Carrying out activities in accordance with the law, regular compliance with all requirements.
Benefits of obtaining a crypto license from Georgia Assistant
Georgia Assistant offers comprehensive services for obtaining a crypto license in Georgia on a turnkey basis:
- Legal support at all stages of licensing.
- Consultation on legislation, taxes, financial requirements.
- Preparation of all necessary documents, their submission to regulatory authorities.
- Translation, legalization, apostille, notarization.
- Assistance in registering a company, opening bank accounts.
- Development of internal policies.
- Support in the process of interaction with the regulator.
- Accounting, tax support, preparation, submission of reports.
- Fast, effective solution of all arising issues.
- Compliance with privacy policy, protection of interests.
- Experience working with companies from different countries, including foreign clients.
Our advantages:
- A team of professional lawyers and financiers.
- Individual approach to each client.
- Deep understanding of the specifics of the market, Georgian legislation.
- Connections with local banks, which helps in quickly opening accounts.
- Complete transparency, informing the client at every stage.
- Assistance in tax planning, optimization.
If you want to open your crypto business in Georgia and get a crypto license, the Georgia Assistant team is ready to provide all the necessary services. We will provide full support: from concept development to the start of operations. Our experience and professionalism will allow you to avoid possible mistakes and save time. You can clarify information, order services, ask specialized questions by email or phone (messengers available: WhatsApp, Telegram).
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FAQ
In Georgia, it is possible to register activities related to the exchange of cryptocurrencies, storage of digital assets and other crypto services.
You will need the company’s constituent documents, copies of the founders’ passports, a business plan and information on the area of activity.
The process can take from 2 to 4 weeks, depending on the complexity of the documents and regulatory requirements.
No, a local director is not required, but it is recommended to have a local representative for ease of doing business.
The main requirements include compliance of the statutory documents with the law, transparency of the company structure and the availability of sufficient capital.
Yes, our company provides full support for the process, including preparation and verification of all necessary documents.
In Georgia, cryptocurrency companies can benefit from preferential taxation, depending on their structure and activities.
Benefits include favorable tax treatment, no strict capital requirements, and a simplified registration process.
We provide a full range of services: document preparation, company registration, interaction with regulators and tax consultations.
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