Contact

Location
Tbilisi, Georgia · meetings by appointment
Independent professional support.
Registration, banking and provider approval cannot be guaranteed.
Georgia VASP launch & operations See our delivery model
Tbilisi, Georgia · meetings by appointment
GEORGIA VASP KNOWLEDGE CENTRE

Tax Questions for Georgian VASP Models

Avoid the misleading “tax-free crypto company” claim and analyse corporate, service, payroll, source and cross-border issues by model.

Why this workstream matters

Individual crypto-disposal and VAT principles do not determine the tax position of a VASP company. Corporate profit and distributions, service income, payroll, mining, source rules, transfer pricing and customer location require separate analysis.

What this guide covers

  • Company profit and distributions
  • Service and fee income
  • VAT and place-of-supply questions
  • Payroll and local substance
  • Intercompany and cross-border arrangements
  • Separate treatment of clients, founders and mining

How it connects to the application

Outputs must be consistent with the ownership structure, product and information flows, providers, business plan, staffing assumptions, policies and system behaviour. Any inconsistency should be resolved before filing or implementation.

Client inputs and dependencies

We confirm required founders, group records, product documentation, vendor information, system access, markets, transaction assumptions and responsible client personnel during scoping. The proposal separates adviser work, client responsibilities and third-party costs.

The scope is tailored to the actual business model. Assistance does not transfer regulatory accountability away from the VASP or guarantee an external approval.
Legal review required before production publication Regulatory baseline: 22 August 2026 Requirements depend on the exact model