Intelligent Solution Group > Services > Crypto license in Georgia

Crypto license in Georgia

Georgia is firmly establishing itself as a favourable destination for the cryptocurrency business. Simple taxation, swift company registration and the government’s supportive stance towards digital assets make the country an attractive jurisdiction for start-ups, mining farms and international crypto platforms.

Price: 20 000 USD

The process of obtaining a crypto license can take as little as six months.

Georgia’s legal framework permits the lawful conduct of activities relating to digital assets, provided that certain conditions and registration requirements are met.

A crypto license in Georgia provides a solid legal framework and access to European and Asian markets for projects of all sizes, from start-ups to large companies:

crypto start-ups and exchanges;
payment service providers (PSPs/VASPs);
digital asset custody providers;
fintech projects and aggregators;
organisers of initial token offerings.

What services can be provided under a Georgian license?

1

Lending and borrowing secured by crypto assets.
2

Token issuance and management (ICO / IEO / STO).
3

Crypto exchange between different tokens and coins.
4

Consultancy and audit services for blockchain projects.
5

Organisation and management of mining pools and related services.

6

Exchanging cryptocurrency for fiat currency (and vice versa).
7

Custody of digital assets on third-party platforms and in custodial solutions.
8

Payment services for virtual assets: transfers, settlements and acceptance of crypto payments.
9

Digital asset portfolio management (asset management).
10

Integration with international payment gateways and cryptocurrency exchanges.

Advantages

the lawful operation of a crypto business

the ability to work with banks

direct access to payment gateways

trust from investors, banks and customers

business scalability and flexibility

Among the additional benefits is the absence of VAT on cryptocurrency transactions. This makes the country an attractive location for launching and developing crypto projects with international ambitions.

Requirements

1

Company registration in accordance with Georgian law as a public limited company (PLC) or a private limited company (LLC).
2

Compliance by the director and beneficial owners with a number of criteria (relating to reputation and qualifications).
3

The company has its head office in Georgia, from where it manages its operations.

4

The acquisition of a license and the use of specialist software in business operations.
5

The company’s development of an internal AML policy.

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Steps involved in obtaining a Georgian crypto license

Obtaining input from the client regarding the desired outcome

Compiling a list of recommendations and checkpoints for the project

We are identifying the services that the VASP will provide

We process the paperwork

We assist with company registration

We can help you open a bank account

We develop AML policies and internal guidelines

We prepare the necessary documents for obtaining a VASP license

We are applying for a crypto license in Georgia

We are sending you the completed documents

Additional services

charged separately

we provide support with setting up non-resident companies and branches;
we assist with opening personal and corporate bank accounts;
we advise on matters relating to the verification of the source of funds;
we prepare financial and accounting reports;
we assist with the process of undergoing compliance audits.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.