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 establishment and licensing of crypto-companies 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 license.
Crypto-currencies in jurisdiction do not act as legally-recognized means for making payments along with conventional fiat money, however, the state apparatus is actively committed to promoting a loyal attitude towards digital assets, in every way contributing to their mass distribution. Jurisdiction has a single general license allowing companies to conduct crypto-activities. This permission is issued by regulative body to those organizations being registered as LLCs or JSCs. Founders of such firms may have residence in any country. The presence of such a permit grants companies formal rights to the following:
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 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 of 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 licensing crypto-companies. 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 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.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.