Why consider Georgia?
The National Bank of Georgia publishes separate registration information for non-bank payment providers and virtual asset businesses.
Crypto services
Check whether the activity falls within the NBG virtual asset service provider framework and review management and AML requirements.
PSP, fiat and payment services
Confirm whether payment service provider registration or an arrangement with an appropriately authorised provider is needed for the proposed flows.
Company formation and operations
Set out where the business will be managed, who will operate the service and what functions would be outsourced.
Tax, incentives and the full cost
Review owner residence, local operations and the treatment of regulated income before relying on any headline tax figure.
Compare three figures: setup cost, the cost to operate for a year, and the tax outcome for both company and owner. Any incentive should state its eligibility conditions and be confirmed for your facts before it is included in a proposal.
Banking and provider fit
Confirm settlement currencies, account access, payment rails and bank appetite for the proposed clients and business.
What to check before choosing this route
If you are considering Georgia as an operating base, set out which work will be carried out there and which activities or customer relationships would remain overseas. Include the people who make decisions, the location of operational records, the currencies the business needs and who supplies banking or settlement. Ask advisers to review the intended model rather than treating registration of an entity as the answer to those separate questions.
For a digital-asset project, compare the proposed activities with the operations you can support day to day. Include how customer instructions are received, who controls assets and how exceptions are resolved. For an ordinary service business, compare staffing, contracting and accounting separately. For either route, confirm what potential providers will actually support and what evidence they expect before including them in your plan.