TAX & LEGAL ADVISORY
Experience exceptional tax planning, legal consulting, and compliance solutions - from streamlined office setups to comprehensive audit support - crafted exclusively for international businesses in Tbilisi, Georgia.
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Virtual Asset Service Provider (VASP) Crypto License Registration in Georgia
TaxAdvisory.ge assists international clients with complete company formation and VASP registration in Georgia. Whether you’re launching a crypto exchange, wallet, or token-based platform, Georgia offers a business-friendly regulatory environment with low barriers and full legal support for virtual asset operations.
Timeline
- Company Incorporation: 1–3 business days
- VASP Registration: 4–6 weeks depending on the corporate setup incl. office and employees, document readiness and compliance provided by the client
- Turn-kez VASP Registration: 2-3 months depending on the corporate setup incl. office and employees, document readiness and compliance provided by the client
Requirements
- No minimum share capital required
- Physical office and one local responsible director are required
- No formal experience requirements, but AML/KYC policy compliance is essential
- Georgia registers entities as VASPs (no separate crypto license)
- Official registration confirmation is issued by the National Bank of Georgia (NBG)
Two Levels of Crypto Company Setup Services in Georgia
At TaxAdvisory.ge, we understand that every founder has different needs when launching a crypto business. That’s why we offer two flexible service levels to help you register and operate a Virtual Asset Service Provider (VASP) company in Georgia:
1. Crypto Company Setup by Client – With Our Legal Supervision & Registration Assistance
This option is ideal for experienced entrepreneurs who wish to be directly involved in their company's formation and docummets darfting but require legal expertise and regulatory guidance to ensure full compliance.
Company Incorporation – EUR 1,280
- Company registration
- 12-month legal address in Tbilisi
- Tax registration (RS.ge) and company portal setup
VASP Registration Assistance – EUR 5,500 + GEL 5,000 (NBG fee)
What’s Included:
- Step-by-step guidance through company registration and VASP application
- Review and adjustment of client-provided documents (founding acts, AML/KYC policies, etc.) - note all documents must be submited in Georgian langauge
- Legal supervision of all filings with the National Bank of Georgia
- Communication with the regulator on your behalf
- Templates and structure for internal policies and risk assessments
Who It’s For: This service is best suited for clients who want to retain control over document drafting, hire their own team, and manage the registration timeline while benefiting from our regulatory know-how and experience
2. Turnkey Crypto Company Setup – Fully Managed by Our Team
We offer fully managed VASP setup, including legal documents, regulatory filings, and compliance support. You can appoint a Georgian nominee director and lease an approved office address for full compliance and operational readiness.
Company Incorporation – EUR 1,280
- Company registration
- 12-month legal address in Tbilisi
- Tax registration (RS.ge) and company portal setup
VASP Registration Assistance – EUR 25,000 + GEL 5,000 (NBG fee)
What’s Included:
- Complete company registration and VASP filing
- Provision of all regulatory documents including AML/KYC, internal policies, risk procedures and IT system description
- Office address lease and setup of operational infrastructure
- Nominee Georgian director with the university degree
- Full communication and submission to the National Bank of Georgia
- Apostilled corporate documents and full compliance setup
Who It’s For: Ideal for busy founders, remote investors, or first-time crypto entrepreneurs who need a fast, secure, and regulatory-ready entry into the Georgian market. This solution is also suited for those acquiring a readymade crypto company with VASP eligibility.
Both services include access to our ongoing accounting, tax reporting, and compliance support team—ensuring your company remains operational and compliant after registration.
Additional Services
- Apostilled & notarized corporate documents with legal translation
- Nominee Georgian director for compliance with local presence requirement
- Drafting of AML/KYC policies, risk assessments, and internal procedures
- Assistance in obtaining apostilled criminal record (Georgia and client’s home country)
- Proof of operational office setup and local contact point for regulators
Remote Setup Available
Clients can complete the entire process remotely. No need to visit Georgia in person. The following documents will be required:
- Apostilled power of attorney
- Apostilled copy of passport
- Apostilled criminal record from your country
Ongoing Accounting and Compliance
Our firm provides full support beyond incorporation:
- Monthly bookkeeping and tax declarations from 500 GEL/month
- Payroll processing and VAT registration
- Optional audit assistance and financial compliance
VASP Confirmation & Public Register
After successful registration, your company will receive an official confirmation document from the National Bank of Georgia.
While there is no public online registry, NBG publishes an updated Excel list of VASP-registered companies.
Georgia vs Canada: Regulatory Comparison
Unlike Canada’s strict MSB licensing regime, Georgia offers a more flexible and efficient path for crypto business setup:
- No dedicated crypto regulator – NBG oversees registration
- No routine audits or reporting required unless specifically requested
- Lower setup and compliance costs
- Faster approval time – usually completed in a few weeks
- Simple business registration model with crypto activities declared
Contact Us to Start
If you're ready to register your crypto company in Georgia or need a VASP-ready company for fast transfer, reach out to us today. We’ll guide you through every step from incorporation to full compliance.