Among countries being quite democratic and welcoming to crypto-currencies, Georgia occupies an honorable place. Country’s authorities – state apparatus in general and the local regulatory body – are making tremendous efforts to make the procedure for creating business-structure for crypto-currencies exchanging as loyal and understandable as possible, however, along with this, properly legalized and regulatory strict.
Our company works with establishing crypto-companies and obtaining a crypto license in Georgia and in hundreds of countries globally. In particular, we are ready to become your reliable allies in licensing a crypto project in Georgia. We will take care of all the most challenging aspects of this process: opening bank accounts, collecting and preparing relevant documentation, and communicating with the regulator.
In view of its loyal and progressive attitude towards crypto-assets and the mass circulation of crypto-currency funds, Georgia sets quite simple and understandable rules for creating business-projects connected with blockchain and obtaining crypto license in Georgia.
Relying on it and taking into account that Georgian crypto-license provides real opportunities to sufficiently scale up the commercial activities of a crypto-exchanger or small exchange, it should be noted that this is perfect option for startups and novice entrepreneurs. Additionally, such permission may be attractive to financial institutions seeking to expand their services list.
Georgia is quite attractive for activities connected with blockchain. This is facilitated by several arguments in favor of this country, in particular next-mentioned.
In addition to the specific excellences for setting up firms, it’s also worth highlighting general privileges that country itself provides.
First businessmen need to establish organization locally. By the way, this can be done remotely by issuing power of attorney for our specialist. To establish a company, our experts:
Then, it’s necessary to fill out special form, which is then transferred to PPE-administrator. After that, a permit is provided. Additionally, for complete business-structure, you need to open an account with a foreign banking institution. You can choose, for example, Singapore, Latvia, Kazakhstan, Macedonia, Cyprus, etc.
Our firm gives professional assistance in getting cryptocurrency license in Georgia. In addition, we provide support in obtaining permits for other commercial areas and jurisdictions, in particular, Forex broker licenses in Singapore, Malta, the UK and other countries. We’ll help you to open account on most appropriate and stable conditions.
As noted earlier, local regulation is quite loyal in terms of taxes.
Cost of procedure to open a cryptocurrency company in Georgia and of licensing crypto-business is calculated purely individually in each individual case. This is due to the fact that the total cost may differ, since it depends on many related factors.
Our professionals have many years of expertise and extensive professional knowledge to help you get your business up and running as soon as possible. We will calculate the correct cost for you, and also help to significantly optimize costs.
Cryptocurrency exchanges are platforms where entrepreneurs and individual users can officially exchange cryptocurrencies among themselves and for fiat funds. Such sites are regulated by local regulatory authorities in each jurisdiction. Crypto exchanges can carry out legal and unrestricted activities only if they become the holders of the appropriate cryptocurrency license in Georgia.
Any interaction with cryptocurrencies is not subject to regulation at the legislative level. Accordingly, all crypto operations are carried out without the intervention of a supervisory authority. The only and main legal basis for the cryptosphere is the decision of the Minister of Finance of Georgia – a legal act through which interaction with crypto-assets is determined. Crypto investors also need to bring their business into compliance with European directives and get cryptocurrency exchange license Georgia.
Georgian banks do not provide services for placing cryptocurrency in accounts or making transfers involving crypto assets. However, the Central Bank of the jurisdiction does not prohibit the use of cryptocurrencies as such. Firms that plan to conduct activities related to crypto-services must obtain appropriate crypto license in Georgia.
Georgia does not officially regulate cryptocurrencies and does not consider them as means of payment. However, crypto transactions are not prohibited in this jurisdiction. Cryptocurrencies can be exchanged among themselves and for fiat money. Activities involving cryptocurrencies are not permitted without obtaining a crypto license in Georgia.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.