Why Choose Georgia for Cryptocurrency Business?

Progressive Regulation

Georgia has established a clear and favorable legal framework for cryptocurrency businesses, making it a major destination for cryptocurrency businesses.

tax preference

Georgia offers substantial tax benefits, including a zero tax rate on reinvested profits and a favorable corporate income tax rate.

No minimum capital requirements

Unlike many jurisdictions, Georgia does not set minimum capital requirements, which allows start-ups and small businesses to take advantage of Georgia as well.

Strategic location

Georgia is located at the crossroads of Europe and Asia, with excellent access to global markets and a favourable business environment.

Encryption License Types in Georgia

Cryptocurrency Exchange License

The license is ideal for businesses that operate cryptocurrency exchanges and facilitate the buying and selling of digital assets.

Crypto Wallet License

Aimed at companies that offer wallet services that enable users to securely store and manage their cryptocurrencies.

Detailed licensing procedures

Document preparation

Collect and prepare all necessary documents including identification of shareholders and directors, utility bills, resume and detailed business plan.

Company Registration

Register a company in Georgia, including the preparation of all company documents.

Permit Application

Submit the application to the National Bank of Georgia with all necessary documents and state fees.

Opening a company account

Assist in selecting a suitable bank or electronic money institution (EMI) to open a corporate account, taking into account the institution's risk appetite and collecting the necessary documentation.

Compliance Implementation

Ensure that your business implements robust anti-money laundering (AML) and counter-financing of terrorism (CFT) measures and complies with the relevant Georgian regulations.

Local office setup

Establishment of a physical office in Georgia and appointment of a local supervisor by law.

The cost of obtaining a cryptocurrency license in Georgia:

• Legal advice
• Company Registration
• Get a Cryptocurrency License

• Includes all standard package services
• Implementation of Anti-Money Laundering Policy
• Assist in establishing payment accounts

• All Services in the Premium Package
• Accounting Support and Reporting
• Organizational Efficiency Consulting

Requirements to get an encryption license in Georgia

Business Plan

A detailed business plan outlining your company's goals, strategy, and financial projections.

Anti-Money Laundering/KYC Policy

Implement robust Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to ensure compliance with Georgian regulations.

Local presence

Must have a physical office and local supervisor in Georgia.

financial solvency

Demonstrate the financial capabilities of the company's operations.

Legal documents

Directors and beneficiaries have no criminal record, proof of source of funds, and comply with all legal requirements.

Steps in the licensing process

Initial consultation

Discuss your business goals and specific licensing needs with our experts.

Preparing documents

Assist in the preparation of all necessary documents, including your business plan, co-founder's identification documents, and compliance policies.

Establishment of a company

Guide you to legally register a company in the state of Georgia.

Submit Application

Prepare and submit license applications to the National Bank of Georgia.

Account Settings

Assist in opening a corporate bank account at the appropriate bank or EMIs to facilitate your business.

Compliance Implementation

Ensure that your business meets all AML/CFT compliance requirements and secure transaction protocols.

Ongoing support

Provide ongoing support to maintain compliance and operational efficiency.