Are cryptocurrencies taxed in Georgia?
Under the Virtual Zone Person (VZP) status or as a non-tax resident for foreign income, foreign-sourced crypto capital gains are not taxed.
🇬🇪
Tax Exile Guide for Crypto: Georgia
Complete step-by-step procedure to transfer your tax residence to Georgia. Crypto tax rate: 0%.
Overview
Crypto tax rate
0%
Crypto-friendly score
★★★★☆
Cost of living
Low
Banking ease
Moderate
Regulation
Favourable
Preparation time
1-3 months
Step 1: Preparation for Departure
A tax relocation to Georgia requires 1-3 months of preparation. Here are the essential steps before leaving.
1
Check your passport validity (minimum 6 months)
2
Gather all financial documents (bank statements, crypto history)
3
Notify your tax authority of your planned departure
4
Find accommodation in the destination country
5
Take out international health insurance
6
Prepare to open a local bank account
Step 2: Exit Tax
Some countries apply an exit tax on unrealised capital gains. Check whether your country of origin is affected.
✅ Good news: Georgia does not apply an exit tax upon entry.
Georgia does not apply an exit tax. The country offers a very advantageous territorial tax regime for crypto expatriates.
⚠️ Warning: your country of origin may apply an exit tax. Consult a tax adviser.
Step 3: Visa & Residence
Choosing the right visa is essential for your tax relocation to Georgia. Here are the main visa options available.
Visa options for Georgia
- 🛂Freelance / Self-employed permit
- 🛂Investor Residency
View the Georgia visa guide on eVisa-Card.com →
Read the detailed guide on eVisa-Card.com: visa types, fees, processing times and procedures for Georgia.
Step 4: Banking & Finance
Opening a bank account in Georgia is a crucial step. Here are the recommended banks and the procedure.
Recommended banks
- 🏦 Bank of Georgia
- 🏦 TBC Bank
- 🏦 Liberty Bank
Required documents
- 📄 Valid passport
- 📄 Proof of local address
- 📄 Proof of regular income
Account opening time : 1-2 weeks
TBC Bank and Bank of Georgia are the main banks. Account opening is quick and simple (1-2 days). Georgian banks are accustomed to international clients and accept funds from crypto.
Step 5: Transferring Your Cryptocurrencies
Transferring your crypto assets to Georgia requires compliance with local regulations. Here is the procedure.
Exchanges available in Georgia
BinanceBybitCryptoX (local)
Regulator : National Bank of Georgia
Transfer steps
1.
Verify that your exchange is authorised in the destination country
2.
Transfer your crypto to a locally regulated exchange
3.
Keep a complete record of all transfers (dates, amounts, wallets)
Georgia has no specific cryptocurrency regulations. The country applies a territorial system: foreign-sourced income is not taxed. International exchanges are accessible without restriction.
Step 6: Settlement & Daily Life
Settling in Georgia: what you need to know for your daily life.
Tbilisi offers a very low cost of living with rising quality of life. The digital nomad community is very active. Georgian cuisine is renowned. English is increasingly spoken in major cities.
Step 7: Tax Compliance in Georgia
Your tax obligations in Georgia after settling.
Filing deadline
1er avril
Forms to complete
Annual Income Tax Return
Obligations
✓
Full exemption on cryptocurrency capital gains
✓
File an annual tax return
✓
Small business status available (reduced rate)
Georgia applies a territorial tax system under the Virtual Zone Person (VZP) status. Foreign-sourced income is exempt from tax. The small business regime offers a 1% rate on local turnover.
Estimated monthly cost of living
| Studio/1-bedroom rent | 300-600 EUR/month |
| Family rent (3 bedrooms) | 500-1 000 EUR/month |
| Utilities (water, electricity, internet) | 50-100 EUR/month |
| Food | 200-350 EUR/month |
| Transport | 30-60 EUR/month |
| Health insurance | 50-150 EUR/month |
| Estimated monthly budget | 650 - 2 300 EUR/month |
Pros & Cons
Pros
- ✓No capital gains tax
- ✓Very low cost of living
- ✓Easy to obtain residency
- ✓Low bureaucracy
Cons
- ✗Developing economy
- ✗Limited banking services
- ✗Language barrier
Frequently Asked Questions
What is VZP status?
The Virtual Zone Person is a Georgian tax status offering 0% tax on IT and crypto income from foreign sources. It is granted to technology companies registered in Georgia.
Is a visa required to live in Georgia?
Most nationalities benefit from a one-year visa-free stay. For longer stays, a residence permit is easy to obtain through company formation.
What is the cost of living in Tbilisi?
Tbilisi is very affordable: 600-1,500 EUR/month all-inclusive. A furnished apartment costs 300-700 EUR/month. Food and transport are very cheap.
Is the Georgian banking system reliable?
Yes, TBC Bank and Bank of Georgia are solid banks listed on the London Stock Exchange. Online banking is modern. Visa/Mastercard cards are available.
⚠️ Disclaimer
This guide is provided for informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations change regularly. Consult a qualified professional before making any decision regarding tax relocation.
Calculate your tax savings
Use our simulator to compare tax regimes across 55+ countries in real time.
Launch the simulator