Cryptocurrency: Tax Haven (0% Tax) – Georgia

Buying and selling cryptocurrency by individuals completely tax-exempt. No matter the profit size. Cryptocurrency not considered Georgian income.

Bought Bitcoin for $10,000, sold for $50,000 — $40,000 profit not taxed for resident individuals. One of few such regimes worldwide.

Exchanging one cryptocurrency for another (BTC to ETH) also not taxed. No tax on each transaction like in US or Germany.

Income from staking, airdrops, forks for individuals not taxed. All crypto activity of individuals in gray zone but effectively exempt.

Legal entities pay 15% corporate tax on crypto profits only upon dividend distribution. Until distributed — 0% tax. Estonian model.

Mining must be formalized as business (IE or LLC). For IE with small business — 1% on turnover. For companies — 15% upon distribution. Cheap electricity.

Crypto exchange to fiat or other crypto not subject to VAT. Official Ministry of Finance decision. Simplifies work of exchanges and exchangers.

Since 2023 introduced regulation of crypto service providers (VASP) by National Bank. Can legally operate exchange or platform. Strict AML/KYC requirements.

Residing 183+ days per year makes you tax resident. Then crypto income exempt from tax. Simple residency for crypto traders.

High net worth individuals (assets $500,000+ in Georgia or income $72,000+/year for 3 years) can obtain residency without 183 days presence. Specially for crypto investors.

No restrictions on withdrawing cryptocurrency or fiat from Georgia. Can freely transfer funds. No currency controls.