Get a Georgia Crypto License

License for a crypto exchange in Georgia: fast, simple, legal

Georgia is rapidly developing as a promising jurisdiction for licensing cryptocurrency exchanges and regulating digital assets. Its unique geographic location at the crossroads of Europe and Asia, favorable regulatory environment, and competitive tax regime make the country attractive for crypto market participants, fintech startups, and institutional investors.

The current legislation regarding cryptocurrencies and virtual asset service providers (VASPs) allows companies to quickly register, obtain a cryptocurrency license, and start operating legally. Minimal bureaucratic barriers, transparent requirements, and flexible legal mechanisms make Georgia a leader in digital innovation and cross-border operations.

The local regulator combines compliance with AML/CTF procedures, financial and legal transparency for citizens, and reliable financial management system operations.

Here, various areas of the cryptocurrency business can be developed:

• spot crypto exchanges;
• payment services;
• digital wallets;
• OTC platforms;
• fully regulated crypto asset companies.

A licensed crypto company in Georgia has the right to:

• conduct spot and derivative trading;
• provide wallet and custodial storage services;
• offer payment and remittance services;
• engage in tokenization and blockchain infrastructure development.

At the same time, the registration process in the country is simple and fast, the minimum capital requirements remain low, and the licensing procedure is free from unnecessary difficulties.

Thus, Georgia is gradually establishing itself as a regional hub for crypto exchanges and fintech companies, combining reliable regulation, digital innovation, and new opportunities for next-generation entrepreneurs.

Types of activities covered by the Georgian crypto license

The Georgian crypto license establishes a legal framework for a wide range of cryptocurrency operations, serving both individual and institutional clients.

Activities permitted under the Georgian crypto exchange license

1. Cryptocurrency exchanges and trading platforms
   A licensed company may operate a cryptocurrency exchange that offers trading in fiat-to-crypto, crypto-to-crypto, and fiat-to-fiat formats. The cryptocurrency licenses allow both spot and derivative trading, provided that the operator complies with AML, KYC, and compliance standards established by local legislation. The license also covers high-frequency trading, P2P trading, and over-the-counter (OTC) trading.
2. Digital wallets and custodial services
   Holding a crypto license enables companies to provide secure digital wallet services and multi-signature custodial solutions with cold/hot storage, as well as advanced digital asset management options. Custodial organizations are required to maintain strict IT security standards and properly protect clients in accordance with local policies.
3. Payment, transfer, and settlement services
   Licensed crypto companies may offer cross-border payment solutions, local remittance services, and blockchain-to-blockchain financial settlements. Organizations can integrate payment gateways and process transactions using stablecoins, as well as credit fiat currency to crypto wallets, reducing barriers for retail and corporate users.
4. Tokenization, STOs, and digital asset issuance
   Within the Georgian regulatory framework, asset tokenization and cryptocurrency operations comply with local laws, as do security token offerings (STOs) and the issuance of utility tokens. Licensed cryptocurrency companies also act as virtual asset service providers (VASPs).
5. Blockchain consulting, advisory, and other related services
   Licensed crypto service providers may offer consulting services, compliance guidance/regulatory support, blockchain solution development, and project management for digital asset clients, both domestically and internationally.

Activities permitted under the Georgian crypto license

Activity	Permitted?	Main regulatory requirements
Spot cryptocurrency trading	Yes	Capital; AML/KYC; IT security
Derivatives trading (futures/options)	Yes	Additional compliance conditions; audit
Wallet and custodial storage services	Yes	Security; compliance; reporting
Payment and remittance solutions	Yes	AML; KYC; transaction monitoring
Tokenization / Cryptocurrency issuance	Yes	Legal requirements; audit; disclosure of crypto information
Blockchain consulting and advisory services	Yes	Local registration; qualified personnel

Regulatory and legal scope

Each activity carried out under a Georgian cryptocurrency exchange license is required to:

• ensure strict KYC and AML procedures for every client and every transaction;
• maintain IT security and transaction monitoring;
• report to the regulator on compliance and financial operations;
• confirm that all new services are auxiliary to the licensed activities within the licensed jurisdiction and legal scope.

The Georgian cryptocurrency license generally covers several types of business models, provided that the company meets all requirements, properly registers its activities, and submits a complete application.

Advantages of Georgia as a jurisdiction for a crypto license

Georgia has established itself as a strong jurisdiction for obtaining cryptocurrency exchange licenses. It offers numerous regulatory, financial, and operational advantages. The system is business-oriented and features transparent conditions.

Below are the key advantages of the Georgian crypto license.

1. Accelerated licensing process
   The Georgian jurisdiction is distinguished by an expedited application review procedure. Founders can often register a company, submit documents, and, after approval by the regulator, obtain a cryptocurrency license within just a few weeks. Documents are submitted electronically, and overall, the legal system tends to minimize bureaucratic procedures.
2. Low entry barriers and flexibility
   In many jurisdictions around the world, higher minimum capital requirements and significant licensing fees apply. In Georgia, the minimum capital requirements and cryptocurrency license fees are attainable, making the operational threshold accessible for both new and existing cryptocurrency companies. Georgian regulators seek a certain level of business activity, require AML/CTF compliance assurances, and aim to help their clients operate transparently.
3. Favorable tax regime and profit repatriation
   The country has developed a competitive tax framework in the region. Crypto companies benefit from a low corporate tax burden. They are not subject to capital gains tax on crypto transactions, and profit repatriation for foreign investors and shareholders has become less problematic. Ultimately, this fiscal approach allows digital cryptocurrency companies to retain a larger share of their net profits.
4. Flexible, open, and innovation-oriented regulatory framework
   Local authorities and regulators are actively developing legislation and regulatory frameworks for blockchain, fintech, and crypto companies to conduct business in the country. The Georgian legal ecosystem enables new VASPs, fintech consultants, and blockchain projects to innovate and operate in the region. Regulatory sandboxes may continue to develop, while DeFi models, pilot projects, and growth programs can exist beyond traditional frameworks.
5. International reputation and market access
   The country has a well-earned reputation as an open, business-friendly jurisdiction with access to financial and legal infrastructure, as well as regional and international markets. A licensed Georgian VASP gains the ability to attract international clients and business partners while adhering to the relevant controls and regulatory requirements.

Key advantages of obtaining a Georgian crypto license

Advantage	Details
Accelerated licensing	Weeks, not months; digital application submission and approval
Low capital requirements	Low entry cost, moderate licensing fees
Favorable tax regime	Low corporate tax, no capital gains tax on crypto operations including currency exchange, simple fund withdrawal
Openness to innovation	The regulator supports blockchain and fintech development
Market access	Access to Europe, Asia, CIS; strong banking connections
International reputation	Legal transparency, public registry, growing investor confidence

Which entities benefit the most from a Georgian crypto license?

• Promising startups developing innovative cryptocurrency exchanges, wallet applications, or digital asset platforms.
• Existing international cryptocurrency companies seeking a cost-efficient jurisdiction for expansion and new projects.
• Blockchain consultants, advisors, and technology providers that rely on a clear regulatory environment.
• Investors from various sectors looking for fiscal transparency and quick market access.

Comparative analysis: Georgia versus other jurisdictions

As global cryptocurrency regulation takes shape, especially with the introduction of MiCA in the European Union, it is important for companies to consider how the Georgian jurisdiction compares with others, including Estonia, Lithuania, the UAE, and Singapore

Parameter	Georgia	Estonia (MiCA)	Lithuania (MiCA)	UAE (ADGM/DIFC)	Singapore
Type of license	Crypto exchange / VASP	VASP license (MiCA)	VASP license (MiCA)	VASP / Crypto exchange	DPT license
Regulator / authority	National Bank of Georgia	FIU (aligned with MiCA)	Bank of Lithuania (MiCA)	FSRA / DFSA	MAS
Capital requirements	Low / moderate	€50k–€150k (MiCA)	€50k–€150k (MiCA)	High (> $500k)	High
Application review time	2–4 weeks	2–3 months	1–2 months	3–6 months	6–12 months
Corporate tax	15% (incentives for zones)	0% on retained earnings, 20% on dividends	15%	0% in free zone	17%
Profit repatriation	No	No	No	No	No
Virtual office allowed	Yes	Yes	Yes	Yes	Yes
AML / Compliance	Moderate / mandatory	Strict (MiCA, EU)	Strict (MiCA, EU)	Strict	Very strict
Licensing cost	Low / moderate	Moderate	Moderate	High	High
Market access	Regional / global	EU passporting (MiCA)	EU passporting (MiCA)	Global / MENA	Asia-Pacific
Audit requirement	Annual	Annual / MiCA standard	Annual / MiCA standard	Annual	Annual

Key takeaways: Georgia vs. MiCA countries and global hubs

1. MiCA in Estonia and Lithuania:
   Since 2024, Estonia and Lithuania have fully implemented the European Union’s MiCA (Markets in Crypto-Assets) framework. This means that as of 2024, every VASP (Virtual Asset Service Provider) or cryptocurrency exchange must comply with EU requirements for capital, AML, compliance, and licensing. Their licenses now include “EU passporting” rights, allowing cryptocurrency companies to operate throughout the EU market.
2. Unique advantages of Georgia:
   Georgia is not an EU member state and therefore is not subject to MiCA. This makes it a more flexible alternative to MiCA-based licensing in Estonia or Lithuania in terms of regulation, application procedures, and capital requirements. Obtaining a Georgian crypto license is faster and cheaper, as the country is actively interested in attracting global crypto, fintech, and digital asset businesses. Many startups and international teams choose Georgia due to the availability of virtual offices, a simple registration process, and a favorable tax regime.
3. UAE and Singapore:
   #1 in reputation – UAE (ADGM/DIFC): offers complete tax exemption and high global standing but has the highest capital requirements and the most time-consuming compliance procedures. Singapore remains one of the world’s leading financial centers but also features a high entry threshold and relatively burdensome licensing conditions.

Jurisdiction	Main advantages	Main disadvantages
Georgia	Fast, affordable, flexible, open to innovation	Not EU/EFTA; no MiCA passporting
Estonia (MiCA)	EU passporting, unified MiCA framework, 0% tax	Higher costs, strict compliance
Lithuania (MiCA)	MiCA, EU access, efficient process, reputable banking sector	More reporting, annual audit
UAE	No taxes, global reputation, strong banking system	High capital requirements, lengthy procedures
Singapore	Access to Asia, global reputation, advanced fintech sector	Expensive, very strict, long waiting times

Who should consider a Georgian crypto license?

• Companies that prioritize speed, cost efficiency, and regulatory flexibility outside the EU.
• Crypto businesses that do not require immediate access to the EU Single Market.
• Founders and entrepreneurs seeking straightforward KYC, AML, ongoing compliance, and fast profit repatriation.
• Investors focused on cost-effectiveness, transparent registration, and an open banking system.

Georgia remains a leading location for agile fintech startups, cryptocurrency exchanges, and cross-border VASPs seeking fast access and operational freedom, including asset exchange activities.
At the same time, Estonia and Lithuania under MiCA have become the most advanced and integrated EU jurisdictions for those aiming for European markets, international compliance standards, and unified regulation within the single EU market.

Requirements for obtaining a crypto license in Georgia

Obtaining a Georgian cryptocurrency exchange license is a simple and fast process that allows both local and foreign cryptocurrency companies to legally start cryptocurrency-related activities within a short period of time.

However, every applicant wishing to be a licensed and officially registered digital asset service provider must comply with important rules and standards.

Main legal and regulatory requirements:

1. Company registration

• A legal entity must be registered in Georgia in the form of an LLC or JSC.
• A local or virtual office must be established for official correspondence, inspections, and audits.
• The full ownership structure must be disclosed during registration, including directors, shareholders, and beneficiaries.

2. Minimum capital and financial requirements

• Minimum capital requirements are moderate, starting from 10,000 GEL (approximately $3,500), depending on the type of crypto activity.
• The capital must be deposited in a Georgian bank account before submitting the license application.
• Financial oversight is ensured through regular reporting and annual audits.

3. Management, directors, and key personnel

• At least one local or foreign director must be appointed, preferably with a background in finance, law, or compliance.
• Key personnel must have an impeccable reputation, as background checks may be conducted.
• A compliance officer (who may also be the director) is required to manage AML/CTF, KYC processes, and organizational risk control.

4. AML, compliance, and security

• All VASPs must have robust AML/CTF policies, KYC procedures, and regularly review their risk profile.
• Internal controls for transactions, client onboarding, and ICT security must be in place.
• Ongoing compliance with Georgian law is mandatory, including timely reporting of suspicious transactions and exchanges.

5. Application and documentation

The applicant must provide:

• Extract from the cryptocurrency company registry and constitutional documents;
• Proof of capital contribution (bank statement);
• Office or virtual office lease agreement;
• Identification documents of directors and shareholders;
• AML/CTF, ICT security, and compliance policies;
• Business plan describing services, target markets, and risk management;
• Standard client agreements, tariffs, and accounting practices.

All documentation must be prepared in Georgian or translated by a certified translator.

6. Regulatory fees and obligations

• Pay all licensing and regulatory fees to the National Bank of Georgia or another authorized body (annually).
• Prepare and submit annual financial statements on asset exchanges and undergo mandatory external audits, if required by law.
• Timely submit compliance, AML, and risk management reports to the regulator.

Requirement	Details
Company registration	LLC/JSC, local or virtual office, disclosure of ownership structure
Minimum capital	From $3,500 (10,000 GEL) depending on license type
Management	At least one director, compliance/AML officer
Compliance	AML/CTF, KYC, internal control, IT security, risk monitoring
Documentation	Certified, covering all legal, financial, and compliance areas
Regulatory fees	Licensing and annual fees payable to the authority
Audit	Mandatory annual external audit
Ongoing reporting	Regular AML, compliance, and risk management reports

Common compliance mistakes and recommendations:

• Submitting uncertified or incomplete documentation;
• Failing to deposit the required capital before applying;
• Poorly developed AML/CTF policies or absence of a compliance officer;
• Outdated exchange reporting or failure to pay annual regulatory fees;
• Insufficient security controls and inadequate monitoring of digital asset movements.

Once a Georgian crypto company fulfills all licensing process requirements, it is officially recognized as a fully licensed VASP and gains the right to provide its services.

Prifinance supports clients at every stage of obtaining a cryptocurrency license, ensuring full regulatory compliance, document preparation, company structuring, and AML/KYC oversight. With our assistance, the licensing process becomes transparent, secure, and predictable.

Stages and timeline for applying for a Georgian crypto license

Step 1. Strategy and consultation

• Consult with local fintech advisors or lawyers experienced in Georgian crypto licensing.
• Based on your business model, license type (crypto exchange, wallet, VASP, etc.), corporate structure, management, and capital, develop an initial business plan, including risk assessment, AML/CTF approach, and market focus.

Step 2. Company registration and bank account

• Register a cryptocurrency company (LLC or JSC) with the National Agency of Public Registry.
• Open a local bank account and deposit the minimum required capital before applying for a crypto license.
• Obtain an address for a physical or virtual office.

Step 3. Preparation of documents and policies

You must collect and notarize the following documents:

• Incorporation documents and articles of association;
• Proof of capital contribution;
• Office or virtual office lease agreement;
• Identification documents of directors and shareholders, information on beneficial owners;
• AML/CTF policies, KYC procedures, IT security guidelines;
• Sample client agreements, fee schedules, and accounting policies.

If necessary, translate all documents into Georgian by a certified translator.

Step 4. Application submission to the regulator

• Submit the complete application package with all required documents to the National Bank of Georgia or another authorized body.
• Pay the non-refundable licensing and registration fee.
• Respond promptly to any regulator requests for additional information or documentation.

Step 5. Review, audit, and regulatory approval

• The regulator will review the submitted materials, verify the capital, examine AML/CTF and IT security policies, and may conduct an initial audit.
• Upon confirming compliance, official approval is granted, and the cryptocurrency license is issued. The cryptocurrency company is entered into the public register of licensed VASPs in Georgia and receives the crypto license electronically.

Step 6. Launch of operations and reporting

• Deploy the full operational infrastructure, transaction monitoring, and risk management systems.
• Provide regulated services such as cryptocurrency trading, wallet services, or payment solutions.
• Fulfill ongoing reporting, compliance, and audit obligations, including submission of annual financial statements.
• Maintain continuous AML/CTF reporting.

Stage	Approximate duration
Strategic planning	1–2 weeks
Company registration	1 week
Bank account and capital deposit	1 week
Document preparation	1–2 weeks
Application submission	Immediately after preparation
Regulator review and audit	2–4 weeks
License approval	1 week
Total duration	3–6 weeks

Recommendations for successful license acquisition:

• Engage experienced local consultants to ensure documents meet regulatory requirements;
• Prepare robust AML, compliance, and IT security policies in advance;
• Double-check the translation and notarization of key documents;
• Maintain open communication with the regulator throughout the application process;
• Plan for annual audits, timely renewals, and prompt reporting.

Step	Key actions	Responsible parties
Planning and consulting	Business model, risk assessment, compliance preparation	Founders / consultants
Company registration	Company formation, bank account opening, capital contribution	Directors, bank
Document preparation	Collection, notarization, and translation of documents	Legal / compliance team
Application submission	Filing the application, payment of fees	Directors, consultants
Regulator review and audit	Responding to requests, adjusting policies, undergoing audit	Directors, compliance
License approval	Entry into the register, obtaining the crypto license, public record	Regulator
Launch of operations	Service rollout, reporting, annual audit	Company, compliance

Taxation of companies with a crypto license in Georgia

Taxation is an important aspect of the licensing process. Georgia offers one of the most competitive and transparent tax systems in the region, making it attractive for both local and international businesses.

Corporate taxation

1. Corporate tax. The standard corporate income tax rate is 15%. However, Georgia follows the Estonian model – corporate tax is paid only on distributed profits (dividends), not on retained earnings. This is especially advantageous for businesses aiming to reinvest profits and expand operations.
2. Capital gains and transaction tax. There is no separate capital gains tax for legal entities on cryptocurrency and digital asset operations. Profits from active trading, wallet services, or crypto exchange activities are taxed only when distributed as dividends to shareholders.
3. Special zones and tax incentives. Certain Free Industrial Zones (FIZ) and Virtual Zone statuses allow some IT and blockchain companies to reduce or completely eliminate tax liabilities. This is particularly beneficial for online-based businesses serving clients worldwide.

VAT and other taxes

1. Value Added Tax (VAT). Core cryptocurrency exchange services, wallet operations, trading, and exchange activities are generally exempt from VAT. However, consulting, advisory, and other related services are subject to the standard 18% VAT rate.
2. Withholding Tax. A withholding tax on dividends paid to non-residents applies, but Georgia’s extensive network of double taxation treaties significantly reduces this rate.
3. Personal Income Tax. Foreign directors or employees of Georgian crypto companies are not subject to personal income tax if their income is earned outside the country.

Financial reporting and audit requirements

1. Audited financial statements. All licensed Virtual Asset Service Providers (VASPs) must submit an independently audited annual financial report on operations to the tax authorities and the regulator.
2. Accounting and reporting. Companies are required to maintain detailed records of all operations and exchanges, document the sources and amounts of incoming funds and capital, and maintain proper accounting for client accounts. Any suspicious transactions must be reported in compliance with AML/CTF regulations.
3. AML and compliance. Companies must continuously demonstrate compliance with Georgian law, including KYC procedures, transaction monitoring, and anti–money laundering measures.

Example: tax flow for a Georgian crypto exchange

1. The company earns profits from crypto exchange operations or wallet/digital service fees.
2. The profit is recorded but not taxed until it is distributed as dividends.
3. Tax is paid only when the profit is distributed among shareholders.
4. The cryptocurrency company provides annual audited reports to shareholders confirming regulatory compliance.
5. Profits or retained earnings may be distributed to shareholders directly (sometimes with restrictions depending on the shareholders’ tax residency).

Tax element	Details
Corporate tax	15% on distributed profits; 0% on retained earnings
VAT	Exemption for core crypto services; 18% for consulting services
Capital gains tax	No separate tax for cryptocurrency exchange operations
Audit	Annual, mandatory for all VASPs, conducted by a certified auditor
Withholding tax	May apply to non-residents; reduced under double taxation treaties
Reporting	Annual reports, ongoing AML/compliance monitoring
Zone benefits	Virtual/Free Zones provide tax relief incentives

Recommendations related to tax compliance and optimization:

• Engage qualified accountants and compliance consultants for tax planning and cash flow management;
• Use reliable accounting and blockchain monitoring systems to ensure transparency;
• Submit all annual reports and audit statements on time;
• Stay updated on changes in Georgian tax legislation, virtual zone benefits, and international reporting standards.

Georgia’s jurisdiction, with its friendly tax regime, transparent regulation, and favorable virtual zone policies, remains one of the best options for affordable and legally compliant operations in the international cryptocurrency asset market.

Brief facts about the crypto license in Georgia

Below is a table with the key features of the Georgian cryptocurrency license.

Parameter	Fact
Type of license	License for Virtual Asset Service Providers (VASP)
Regulatory authority	National Bank of Georgia and other financial regulators
Minimum share capital	Low, flexible requirements
Local office required	No strict rule, flexible approach allowed
License issuance timeframe	Fast processing, minimal bureaucracy
Corporate income tax	Competitive tax system, fintech incentives
AML officer required	Yes, mandatory AML/CTF compliance
Remote application possible	Yes, remote registration and document submission allowed
Audit requirement	Not mandatory for all business formats
International recognition	Growing reputation as a regional business hub
Access to banking services	Simplified access, supported by the financial sector
Non-resident support	Yes, open to foreign investors and startups

Our specialists

The Prifinance team consists of experts with many years of experience in supporting crypto projects and obtaining cryptocurrency licenses in various jurisdictions. We have deep expertise in the nuances of the crypto business, regulatory requirements, compliance, and financial reporting.

With Prifinance, your crypto project is in the hands of professionals who know how to combine legal precision, regulatory reliability, and strategic business growth.

Start your crypto business with Prifinance

Request a consultation, and our team will handle all licensing and compliance complexities so you can focus on growing your project.

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FAQ

1. Who can apply for a Georgian crypto exchange license?
   Any cryptocurrency company, local or foreign, provided it is legally registered. The requirements apply to crypto exchange operations within Georgia.
2. What types of activities are permitted under the cryptocurrency license?
   Regulated crypto exchange services, wallet and custodial services, cross-border payments, tokenization, and blockchain consulting (subject to compliance and reporting).
3. What is the minimum required capital?
   From $3,500 (10,000 GEL), depending on the business model (crypto exchange, wallet, VASP, consulting). The funds must be deposited in a Georgian bank before submitting the application.
4. How long does the licensing process take?
   Usually 3–6 weeks, including company registration, AML verification, and final regulatory approval.
5. Is an office in Georgia required?
   Yes, a physical or virtual office is mandatory for every licensed cryptocurrency company (for audit and regulatory correspondence purposes).
6. What are the ongoing compliance and audit requirements?
   • Full AML/KYC procedures
   • Continuous risk and transaction monitoring
   • Annual external audit
   • Reporting of suspicious transactions and annual financial statements
   • Regular updates to compliance documentation and record keeping
7. Are Georgian crypto services subject to VAT and other taxes?
   Core services (exchange, wallets, trading) are exempt from VAT. Profits are subject to 15% corporate tax upon distribution. There is no capital gains tax on crypto transactions.
8. Does a Georgian cryptocurrency license allow operations in other markets?
   Yes, it enables global operations and the provision of international crypto services. However, the cryptocurrency license does not grant EU passporting rights and is not linked to MiCA.
9. What documents are required for the application?
   • Certificate of incorporation and company charter
   • Proof of capital deposit
   • IDs of directors, shareholders, and beneficial owners
   • AML/CTF and IT manuals
   • Business plan, sample client agreements, accounting and payment processes
   • Lease agreement for physical or virtual office
10. What is a VASP and why is registration important?
    A VASP (Virtual Asset Service Provider) license confirms official registration and the legal right to provide crypto services. Being listed in the government register increases client trust, strengthens partnerships, and facilitates bank account opening and settlements.