Tbilisi Free Zone Crypto License
Today, Georgia is considered one of the most attractive centers for developing the cryptocurrency business. It was facilitated by a favorable tax policy and reform of the country’s legislative framework. To freely perform various operations with crypto assets, it is mandatory to obtain a cryptocurrency license. Without it, engaging in regular professional activities with crypto is impossible. Somani Global Consulting LTD experts told us about Tbilisi’s most important licensing aspects.
Why Tbilisi? This city has a free industrial zone with a favorable taxation system. It was created specifically to attract investors. In addition to Tbilisi, the Free Industrial Zone operates in Kutaisi, Poti, and Hualing, but for crypto license registration Tbilisi FIZ is the most suitable.
Benefits of Tbilisi Free Zone Crypto License
There are several reasons to get a Tbilisi free zone crypto license rather than any other jurisdiction:
- The strategic location of the country on the border of East and West;
- High rating of the state among international partners;
- The country’s non-aligned status allows it to impose more flexible requirements on crypto issuers than in the EU and OECD;
- A reformed banking system;
- Well-developed technical base;
- Favorable tax tariffs;
- Favorable regulatory regime.
The main benefits of crypto license Tbilisi FIZ are that its holders can provide a whole range of services:
- Crypto exchange;
- P2P operations;
- Cryptocurrency wallet services;
- Provide blockchain solutions;
- Token trading.
With Tbilisi FIZ crypto license legal services, the holder can exchange cryptocurrency for fiat or other crypto, store cryptocurrency, and transfer it.