Virtual Zone, International Company, or Free Industrial Zone: Which Status Fits Your Crypto Business in Georgia?
- Tinatin Tolordava
- Oct 2
- 3 min read
Table of contents
Georgia: The Crypto Business Hub
When it comes to crypto businesses looking to pay employees or expand operations, Georgia stands out.
The country offers tax-saving regimes that make it the ultimate destination for Web3 startups, iGaming platforms, and crypto mining companies: Virtual Zone, International Company, and Free Industrial Zones.
But which one is right for your business?
Let’s break down each status in this short and easy guide to find out which suits your needs.
1. Virtual Zone: Perfect for Crypto Service Providers
Key Benefits:
0% corporate tax on foreign-sourced IT and blockchain revenue.
No VAT on exported services.
Who Should Use It:
Blockchain developers
Web3 startups
IT service providers exporting crypto services globally.
Georgia’s Virtual Zone Status is the best fit for businesses offering crypto services to international clients, such as smart contract development, dApp creation, or blockchain infrastructure. It’s a tax-free haven for foreign-sourced income.
2. International Company: A Great Choice for Established Crypto Companies
Key Benefits:
5% corporate tax on profits.
0% dividend tax.
5% payroll tax for employees.
Who Should Use It:
Crypto exchanges
Web3 projects with physical presence in Georgia
iGaming platforms that need a local business structure.
If you’re running a crypto exchange or large Web3 company that needs a local presence but still wants to benefit from Georgia’s low taxes, International Company status is your ticket. With 5% corporate tax, it’s a far better option than traditional high-tax jurisdictions.
3. Free Industrial Zone (FIZ): Ideal for Crypto Miners
Key Benefits:
0% corporate tax on mining profits.
No VAT on goods/services outside Georgia.
No import duties on mining equipment.
Who Should Use It:
Crypto miners
Mining farms running large-scale operations
Hardware-intensive projects needing tax relief on equipment.
Free Industrial Zones are perfect for crypto miners. You get tax-free mining profits, no import duties on rigs, and competitive electricity prices. Plus, with no VAT on mining outputs, it’s the most cost-efficient setup for large-scale mining operations in Georgia.
Which Status Fits Your Crypto Business?
Virtual Zone: For businesses offering crypto services internationally, with no corporate tax on foreign earnings.
International Company: For crypto exchanges or established Web3 businesses that need a formal presence in Georgia and benefit from low taxes.
Free Industrial Zone: For crypto miners and hardware-focused projects, with 0% tax on mining profits and no import duties on equipment.
Why Georgia is the Ideal Base for Crypto Businesses
By setting up your crypto business in Georgia, you benefit from low corporate tax rates, no VAT on conversions, and special tax regimes that allow you to reinvest profits tax-free. Gegidze crypto services helps streamline your payroll and tax filings, ensuring you remain compliant with Georgia’s crypto regulations.
Set Up Your Crypto Business in Georgia Today!
Georgia’s crypto-friendly environment makes it the ideal place to pay employees in crypto, build your Web3 startup, or scale your crypto mining operations. Want to learn more about tax benefits or need help applying for one of Georgia’s special tax regimes?
Book a consultation with Gegidze today and get started with setting up your crypto business in Georgia.
Frequently asked questions (FAQ)
What is the Virtual Zone status in Georgia for crypto businesses?
Virtual Zone crypto Georgia offers 0% corporate tax on foreign-sourced IT and blockchain revenue. It’s ideal for businesses like Web3 startups and blockchain developers providing services to international clients. Gegidze crypto services can help you apply for this tax benefit and ensure compliant crypto payroll.
How does the International Company status benefit crypto businesses in Georgia?
The International Company Georgia status provides 5% corporate tax, 0% dividend tax, and 5% payroll tax for employees. This status is best for crypto exchanges, iGaming platforms, and Web3 companies with a local presence in Georgia, offering significant tax savings and global legitimacy.
What are the tax benefits for crypto miners in Georgia’s Free Industrial Zones?
Free Industrial Zones (FIZs) in Georgia offer 0% corporate tax on mining profits, no import duties on mining equipment, and 0% VAT on goods and services provided outside Georgia. This makes it the most cost-efficient location for large-scale crypto mining operations.
