The clarification of the tax regime for cryptocurrency transactions and the possible introduction of favourable tax rates for startups and technology companies contribute to the creation of a competitive economic environment.
Legal protection: A legal address ensures correct and timely receipt of all legal and official documents, which is essential to protect the rights and interests of the company.
Minimum authorized capital: BGN 50,000 for closed joint-stock companies (CJSC) and BGN 100,000 for open joint-stock companies (JSC) (approximately EUR 25,000 and EUR 50,000, respectively).
The most favorable tax regime among Forex-friendly jurisdictions
The process of obtaining a forex licence in Georgia involves several steps:
Time frame
Efficient Ownership Transfer: Handle the transfer of ownership remotely via power of attorney, negating the need for an in-country visit.
Credit card terminals (devices allowing customers to make a payment by swiping, inserting or tapping their credit or debit cards)
A person who is a key individual with no Key Individual Certificate can be liable to a fine of up to 25,000 GBP
Initiatives to licence cryptocurrency exchanges in Bermuda make a significant contribution to international regulatory standards. Such measures may encourage the creation of harmonised rules and regulations in other jurisdictions, contributing to a more stable and predictable global regulatory environment for digital assets.