Crypto & financial services
Crypto company formation in Georgia
For many crypto projects a Georgian LLC is enough – services for clients additionally require registration with the National Bank.
What it is about
An LLC suits software and blockchain development, consulting or managing the company’s own holdings. If you offer clients exchange, transfer, custody or a trading platform, VASP registration is required as well.
The company pays 0% profit tax while profits stay in the business; on distribution, 15% profit tax applies plus 5% withholding tax on dividends to individuals.
Requirements
- Clear description of the business model and source of funds
- Shareholders and directors with identity documents
- Georgian business address
- For client services: VASP registration before launch
How it works
- Classify the business model
- Form the LLC by power of attorney
- Set up bookkeeping and tax registration
- Apply for a business account
- If needed: VASP application
How StartKap helps
We form the LLC without travel, set up address and bookkeeping and prepare the account application. For the regulatory assessment we work with our partner law firm.
Legal status checked on 9 Nov 2026. General information, not legal or tax advice for your individual case.
Questions about this service
Will every bank open an account for a crypto company?
No. Banks decide based on their own risk assessment. Clean documentation of the model and source of funds improves the chances but guarantees nothing.
Can the company be located in a Free Industrial Zone?
Yes, but the zone does not replace VASP registration. Crypto services need it there too.
How much tax does the crypto company pay on profits?
0% while profits stay in the company; on distribution 15% profit tax plus 5% withholding tax for individuals.