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HNWI Tax Residency: The High-Net-Worth Individual Route, Asset Requirements, and Tax Benefits in Georgia
Table of contents TL;DR. HNWI Tax Residency in Georgia Explained Why High-Net-Worth Individuals Are Looking at Georgia What Is HNWI Tax Residency in Georgia? Asset and Income Requirements for HNWI Tax Residency in Georgia How the HNWI Route Differs From the 183-Day Rule The Core Tax Benefits for High-Net-Worth Individuals Georgia Crypto Tax for HNWIs VAT and Business Exposure for HNWIs Banking, Compliance, and Substance TIN Registration and Formal Requirements Should a High-N
Feb 1613 min read


Crypto Payroll Compliance: How to Legally Pay Employees and Contractors in Virtual Assets in Georgia
Table of contents Introduction: The Rise of Crypto Payroll in Georgia What is Crypto Payroll and Why Is It Gaining Popularity in Georgia? Legal Framework for Paying Employees and Contractors in Crypto in Georgia How to Pay Employees in Crypto: Step-by-Step Guide Tax Implications of Paying Employees and Contractors in Crypto When Is Crypto Payroll Not Suitable? Best Practices for Maintaining Crypto Payroll Compliance How Gegidze Can Help with Crypto Payroll Compliance in Georg
Feb 27 min read


Remote Crypto Business Setup: How to Establish a Compliant Web3 Company in Georgia via POA
Table of contents TL; DR Remote Crypto Business Setup Why Georgia Is Becoming a Global Banking Hub for Web3 Why Open a Crypto or Web3 Company in Georgia Understanding Georgia’s Banking Landscape for Crypto Companies What You Need Before Opening a Web3 Company via POA Can You Open a Crypto Company in Georgia Fully Remotely? Yes. Step-by-Step: How to Establish a Web3 Company in Georgia via POA Banking Considerations for Crypto and Web3 Companies Tax Options for Web3 Companies i
Feb 212 min read


Tax Residency in Georgia: How to Legally Become a Resident and Unlock 0% Foreign Income Tax
Table of contents TL;DR. Tax Residency in Georgia in a Nutshell Introduction. Why Everyone Is Suddenly Talking About Tax Residency in Georgia Tax Residency vs Legal Residency in Georgia. The Difference That Saves or Costs You Thousands The 183-Day Rule in Georgia. How Tax Residency Is Triggered What Happens When You Become a Tax Resident of Georgia Georgia’s Territorial Tax System. The Foundation of the 0% Foreign Income Rule 0% Foreign Income Tax in Georgia. What Qualifies a
Feb 114 min read


Can You Open a Bank Account as a Crypto Company in Georgia?
Table of contents Banking and Crypto: A Global Struggle Is It Legal for Crypto Companies to Open Bank Accounts in Georgia? How the Process Works What About Crypto-to-Fiat Conversions? Compliance: The Details That Matter Why Use Gegidze for Banking Setup? Conclusion: Yes, You Can Take Action Today Frequently asked questions (FAQ) Banking and Crypto: A Global Struggle Ask any founder in the crypto space what their biggest headache is, and banking usually makes the list. Traditi
Jan 164 min read


No VAT Globally: Understanding the VAT Exemption on Crypto Services in Georgia for Foreign Clients
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
Jan 86 min read


Tax Optimization for Crypto Mining: LLC, FIZ, and IE Structures for 0% and 15% Tax Rates
A complete guide to tax optimization for crypto mining in Georgia. Learn when mining is taxed at 0 percent in Free Industrial Zones, when LLC mining is taxed at 15 percent, and when small scale IE mining may qualify for 1 percent turnover tax. Includes VAT rules, SOCF, licensing, and banking compliance.
Jan 66 min read


The Role of the Virtual Address in I.E. Registration: Ensuring Substance for Banking and Tax Compliance
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
Jan 612 min read


Comparing Fees: SWIFT/SEPA Transfer Costs, Maintenance Fees, and Hidden Charges for Non-Residents
Table of contents TL;DR. Banking Fees in Georgia for Non-Residents (What Actually Matters) Introduction. Why Non-Residents Misjudge Banking Costs in Georgia What “Banking Fees” Actually Mean for Foreigners in Georgia Account Maintenance Fees. Personal vs Business Reality International Transfers. Where Most Fees Actually Appear SWIFT Transfers. Flexible, Global, and Costly SEPA Transfers. The Quiet Advantage for Europe-Based Clients Fee Comparison Table. SWIFT vs SEPA in Pract
Jan 612 min read


Source of Crypto Funds (SOCF): Documenting Crypto History for Exchange and Banking Compliance
Table of contents Why SOCF Matters More Today Than Ever What SOCF Actually Means Why Georgian Banks Ask for SOCF What SOCF Documents Do Banks and Exchanges Want SOCF Requirements for IEs with 1 Percent Status SOCF for LLCs and Crypto Businesses When SOCF Issues Become a Real Problem How to Prepare Perfect SOCF Documentation How Gegidze Helps You Pass SOCF Requirements Smoothly Frequently asked questions (FAQ) Why SOCF Matters More Today Than Ever If you are active in crypto a
Jan 66 min read


Crypto vs. Fiat Payroll in Georgia: Cost Comparison, Speed, and Compliance Risks for Startups
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
Dec 15, 20256 min read


Checklist: Documents and Steps for Granting a Power of Attorney (POA) for Remote IE Setup
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
Dec 11, 20254 min read


Tax Reporting Requirements for Georgian IEs and LLCs Receiving Crypto Payments (Declaration Guide)
Table of contents Why Crypto Reporting Matters for Georgian Businesses How Georgia Classifies Crypto Income for IEs and LLCs How IEs Must Report Crypto Payments How LLCs Must Report Crypto Payments How to Submit Declarations in the Revenue Service System SOCF Requirements When Cashing Out Crypto to Georgian Banks Common Mistakes IEs and LLCs Make With Crypto Reporting How Gegidze Helps You Report Crypto Income Correctly Frequently Asked Questions (FAQs) Why Crypto Reporting M
Dec 3, 20256 min read


The Full Legal Requirements for Granting a Power of Attorney (POA) for Remote Bank Account Setup in Georgia
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
Dec 3, 202513 min read


How to Open a Multi-Currency Bank Account (GEL, USD, EUR) in Georgia Remotely: Step-by-Step
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
Dec 2, 202513 min read


How to Legally Accept Crypto Payments as a Georgian Individual Entrepreneur (IE) with 1% Tax Status
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
Nov 26, 20256 min read


Crypto Tax in Georgia Explained — and How Gegidze Optimizes It for You
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
Nov 24, 20259 min read


The VASP Law Explained: When Your Crypto Business Needs a License from the National Bank of Georgia (NBG)
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
Nov 20, 20257 min read


Micro Business Status (0% Tax): Eligibility, Restrictions, and When it's Better than Small Business Status
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
Nov 18, 202510 min read


Closing or Liquidating an Individual Entrepreneur (IE) Status in Georgia: A Step-by-Step Guide
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
Nov 17, 20258 min read
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