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Table of contents TL;DR Georgian Banks Are Easy But Follow Strict Rules Why Georgian Banks Reject Some Applications Red Flag Category 1: High-Risk Crypto Businesses Red Flag Category 2: Gambling, Betting, and iGaming Red Flag Category 3: Ambiguous Agency, Arbitrage, or Commission Models Red Flag Category 4: Informal, Cash-Heavy, or Unverifiable Revenue Models International Business Models With No Clear Economic Logic How to Strengthen Any High-Risk Application Why Georgian Ba

Table of contents TL;DR Bank Account in Georgia Why Georgia Is Becoming a Global Banking Hub Why Open a Multi-Currency Account in Georgia Understanding Georgia’s Banking Landscape What You Need Before Opening a Multi-Currency Account Can You Open a Bank Account Remotely? Step-by-Step: How to Open a Multi-Currency Account in Georgia Remotely Banking Costs and What You Can Expect Taxes Once Your Account Is Active Why People Choose Georgia Beyond Banking How to Avoid Issues When

Table of contents Why More Foreigners Are Opening Bank Accounts in Georgia Remotely What a Power of Attorney Actually Does Under Georgian Law Which Banks in Georgia Accept POA-Based Remote Account Opening When You Need a POA for Georgian Banking The Full Legal Requirements for a Valid Georgian POA Document Checklist for a POA for Remote Bank Account Setup POA Requirements for Opening a Bank Account as an Individual Entrepreneur (IE) POA Requirements for Opening a Bank Account

Table of contents Can a Georgian IE Legally Accept Crypto Payments The Legal Position. Crypto Is Allowed, but It Must Be Taxed Correctly When Crypto Payments Qualify for the 1 Percent Turnover Tax How to Declare Crypto Income Correctly as a Georgian IE Tools and Methods for Accepting Crypto Legally Banking Compliance. Cashing Out Crypto as an IE When You Need a VASP License Instead Example. A Freelancer Accepting Crypto Correctly How Gegidze Helps You Accept Crypto Legally Fr

Why Georgia’s VAT Rules Matter for Crypto and Web3 Businesses Most crypto businesses spend far too much time worrying about cross border VAT complications. The rules are confusing in Europe, strict in North America, and rigid in many Asian markets. Yet Georgia offers something very different. If your crypto business works with foreign clients, Georgia applies no VAT globally on your services. This exemption is one of the main reasons Web3 founders, blockchain developers, cryp

Table of contents Introduction Understanding Crypto Tax in Georgia Key Tax Benefits for Crypto Companies in Georgia How Gegidze Optimizes Crypto Payroll for You Global Payroll Comparison: Why Georgia Is the Best Choice for Crypto Companies Industry-Specific Advantages of Georgia's Crypto Tax System Why Gegidze Is the Key to Optimizing Crypto Payroll and Tax Frequently asked questions (FAQ) Introduction Georgia has quickly become one of the most attractive locations for foreig

Table of contents Introduction: The Rise of VASPs and the Need for Regulation What is a VASP? The Role of the National Bank of Georgia (NBG) When Does Your Crypto Business Need a VASP License? Why Do You Need a VASP License from the National Bank of Georgia? How to Apply for a VASP License in Georgia Risks of Operating Without a VASP License How Gegidze Helps with VASP Licensing in Georgia Conclusion: Why Georgia is the Ideal Location for Your Crypto Business Frequently Asked

Table of contents Why Startups in Georgia Are Comparing Crypto and Fiat Payroll The Basics. What Counts as Crypto Payroll in Georgia The Basics. How Fiat Payroll Works for Georgian Startups Cost Comparison. Crypto Payroll vs Fiat Payroll Crypto Payroll Speed Fiat Payroll Speed Compliance Risks. Where Crypto Payroll Can Go Wrong in Georgia Compliance Risks With Fiat Payroll Crypto Payroll and Tax Rules in Georgia Banking Considerations. Cashing Out Crypto in Georgia When Crypt

Table of contents Why Micro Business Status Matters More Than People Think What Micro Business Status Actually Is Eligibility Rules for Micro Business Status How to Apply for Micro Business Status in Georgia Tax Obligations Under Micro Business Status Micro vs Small Business Status: Which One Fits Better? Comparison: Micro Business Status vs Small Business Status When Micro Business Status Is Actually Better When Small Business Status Is the Better Choice Common Misunderstand

Table of contents Why Closing an IE Properly Actually Matters What Happens If You Do Not Close Your IE Properly What You Must Do Before Closing Your IE How to Close Your IE Step by Step How Long the IE Closure Takes What To Do After Your IE Is Officially Closed Should You Close Your IE or Switch to an LLC Instead Common Mistakes When Closing an IE How Gegidze Helps You Close Your IE Smoothly and Safely Frequently Asked Questions Why Closing an IE Properly Actually Matters Reg

Table of contents Power of Attorney (POA) for Remote IE Setup Why You Need a POA for Remote IE Registration Checklist: Documents You Must Prepare Steps for Issuing a POA for IE Registration How Gegidze Makes the Process Smooth Frequently asked questions (FAQs) Power of Attorney (POA) for Remote IE Setup Setting up an Individual Entrepreneur (IE) in Georgia is fast, but many foreigners prefer to complete the process remotely. The easiest way to do that is by granting a Power o

Table of contents Why Double Taxation Treaties Matter More Than You Think What a Double Taxation Treaty Really Does How Georgian IEs Qualify for Treaty Protection How Foreign Authorities Try to Tax Georgian IEs Country-by-Country Guide: How DTTs Affect Georgian IEs European Union Countries Eastern Europe and the Baltics United Kingdom United Arab Emirates Turkey Israel How to Use a Double Taxation Treaty Step by Step Common Mistakes Georgian IEs Make With DTTs How Double Tax

Table of contents The Hidden Perks of Georgia’s Tax System Understanding How Georgia Taxes Income The Main Categories of Tax-Free Income in Georgia How Tax-Free Income Interacts with Small Business Status Common Misunderstandings About Tax-Free Income How Gegidze Helps You Stay Compliant While Maximising Exemptions The Bigger Picture: Georgia’s Fair, Transparent Tax Philosophy Frequently Asked Questions (FAQs) The Hidden Perks of Georgia’s Tax System Georgia is known worldwid

Table of contents Why a Business Address Matters More Than You Think What “Substance” Really Means in Georgia Why You Need a Registered Address to Open a Bank Account Legal Address vs. Virtual Address: What’s the Difference? How a Virtual Address Strengthens Substance What Happens If You Don’t Have a Valid Address Compliance Requirements from the Revenue Service Georgia International Implications of “No Substance” What Makes a Good Virtual Address Provider How a Virtual Addre

Table of contents The Confusion Around “Business Expenses” in Georgia How Georgia’s 1% Small Business System Actually Works Why the 1% Turnover Tax Has No Expense Deductions Why Tracking Expenses Still Matters When Expense Deductions Become Available Common Myths About Deducting Expenses in Georgia Transition Planning: From 1% IE to LLC Mistakes IEs Make When Handling Expenses The Transition Threshold: When to Upgrade to LLC Preparing for Audits and Record Requests How Gegidz

Table of contents The Hidden Tax Risk of Working Abroad What Is Permanent Establishment (PE)? How Georgian Tax Residency Works When Working from a Third Country Creates PE Risk Double Tax Treaties: Georgia’s Global Tax Shield Practical Steps to Avoid Permanent Establishment Risk Example Case Study: The Freelancer in Trouble What Happens If You Accidentally Create a Permanent Establishment How to Claim Tax Relief Through Double Tax Treaties Comparing Popular Regions: Where Geo

Table of contents Why the 500,000 GEL Limit Matters Understanding the 500,000 GEL Rule Why Transitioning to an LLC Is the Smart Move Step-by-Step: How to Transition from IE to LLC in Georgia Tax Considerations During the Transition Common Mistakes When Switching from IE to LLC Cost Breakdown of Transitioning from IE to LLC Why LLCs Are the Growth Engine of Georgia’s Business Ecosystem Timing Your Transition to Avoid Tax Problems Example Scenario: The Smart Transition How Gegi

Table of contents Living Abroad Isn’t Always Financial Freedom 1. Not Understanding Tax Residency 2. Keeping All Your Money Abroad 3. Missing Out on Local Tax Incentives 4. Mixing Personal and Business Finances 5. Neglecting Financial Documentation Smart Money Habits for Expats in Georgia How Gegidze Helps You Stay Financially Secure Your Money, Your Move Living Abroad Isn’t Always Financial Freedom You’ve finally done it. Left your home country, packed your bags, and landed

Table of contents: Why Web3 and DAOs Need a Legal Base Are DAO and Web3 Payouts Legal in Georgia? Tax Options for DAO Contributors in...

Table of contents: Why Georgia Catches the Eye of Global Founders Can You Really Open a Company Without Living in Georgia? Why Founders...