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Table of contents TL;DR. Source of Funds for Georgian Bank Approval Why Source of Funds Is the Single Most Important Factor in Georgian Bank Approval What “Source of Funds” Actually Means in Georgia How Georgian Banks Evaluate Source of Funds Internally Source of Funds for Freelancers and Individual Entrepreneurs in Georgia Common Freelancer SOF Mistakes That Delay Approval Source of Funds for LLCs Registered in Georgia Source of Funds and Crypto VAT and Source of Funds Crypt

Table of contents TL;DR. Can You Register an LLC in Georgia Remotely? Can You Really Register an LLC in Georgia Without Being There? What a Power of Attorney Means in Georgia What Can Be Done Remotely. And What Usually Can’t Documents You Actually Need to Register an LLC in Georgia Drafting the Power of Attorney Step-by-Step. How Remote LLC Registration Actually Happens LLC vs Individual Entrepreneur in Georgia Banking in Georgia as a Non-Resident Crypto in Georgia. Where Myt

Table of contents Quick Summary: Winter in Georgia for Expats What Winter Feels Like in Tbilisi Getting Out of Tbilisi: Snowy Days Without Overplanning Ski Resorts in Georgia: What Actually Matters for Expats New Year in Georgia: How Expats Actually Celebrate Winter in Georgia: When Staying Longer Starts to Make Sense Quick Summary: Winter in Georgia for Expats Winter in Georgia offers easy snow escapes from Tbilisi, without extreme cold or complicated travel. Popular ski res

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 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 TL;DR. How Long Bank Account Opening Really Takes in Georgia Why Bank Account Opening in Georgia Feels “Fast” for Some and Slow for Others What “Opening a Bank Account” Actually Includes for Remote Clients Why Simple Tax Structures Speed Up Banking Where Timelines Stretch the Most Realistic Timelines. What Actually Happens Step by Step Typical Timelines by Client Type Which Banks Are Usually the Fastest Common Reasons Timelines Blow Up How to Shorten the Tim

Table of contents Georgia’s Tax System Is Simpler Than You Think 1. 0% Corporate Tax on Reinvested Profits 2. Small Business Tax Can Be as Low as 1% 3. Not Every Business Need to Pay VAT 4. Tech Companies Can Qualify for Special Tax Regimes 5. Georgia Has Over 57 Double Taxation Treaties That Protect Your Global Income Georgia Is Modernizing Faster Than People Realize Georgia’s Tax System Is Simpler Than You Think Most people hear about Georgia because of its scenery, wine, o

Table of contents Why Foreign Companies Look to Georgia Is Crypto Payroll Legal in Georgia? Why Georgia Works for Crypto Payroll Two Payroll Models: Employees vs Contractors How Crypto Payroll Works with Gegidze Beyond Payroll: Special Tax Regimes for Crypto Companies in Georgia Industry Examples Georgia vs EU vs US: Payroll Reality Check Industry-Specific Tax Planning Common Mistakes Foreign Companies Make in Georgia Why Georgia Beats Other Crypto Payroll Jurisdictions Why G

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

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 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

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

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 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 What “Georgian Source Income” Really Means Why This Matters for the 1% Small Business Tax Examples of Georgian-Source Income What Doesn’t Count as Georgian-Source Income How to Prove Georgian Source Why Gegidze Helps You Stay Eligible The Bottom Line What “Georgian Source Income” Really Means When you register as an Individual Entrepreneur (IE) in Georgia, the main reason is clear, the 1% Small Business Status. It’s simple, legal, and incredibly efficient. Y

Table of contents Why FATF Compliance Matters for Georgia’s Crypto Sector Understanding FATF and Its Role in Crypto Regulation How Georgia Adopts FATF Standards Georgia’s Legal Status of Crypto Who Needs to Register as a VASP in Georgia Core FATF Compliance Obligations for Georgian Crypto Businesses FATF’s Travel Rule: The Next Step for Global Compliance Georgia’s Advantage: Compliance Without Complexity Common Compliance Pitfalls and How to Avoid Them FATF Compliance in Acti

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

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

Why Crypto Freelancers Are Looking at Georgia For freelancers and digital workers, getting paid in crypto is fast, borderless, and cost-effective. But here’s the catch: in many countries, declaring those payments creates tax uncertainty or even double taxation. Banks often block transfers, and clients hesitate to pay in crypto if they’re unsure it’s legal. Georgia is different. The country has become a crypto-friendly hub with a tax system designed for freelancers and contrac

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

The global crypto community is always on the lookout for the most favourable tax jurisdictions, and Georgia has emerged as one of the best-kept secrets. For crypto inves...