For crypto holders
One of the world's most crypto-friendly jurisdictions — with a tax code to match.
Georgia is not crypto-tolerant. It is crypto-designed. Zero personal CGT. Zero VAT on crypto sales. A VASP licensing framework that welcomes major exchanges. Government-held Bitcoin. One of the top five Bitcoin mining jurisdictions globally by hashrate. And a Ministry of Finance ruling from 2019 that set it all in stone.
The legal foundation
Ministry of Finance Decision N201 — June 2019
The Georgian Ministry of Finance formally classified income from the sale of crypto assets by individuals as non-Georgian-source income. The consequence: 0% personal income tax and 0% VAT on personal crypto disposals. This is not a grey area or a regulatory gap — it is a codified ministerial decision with full legal force. For an HNWI with significant crypto holdings, this is one of the most valuable tax positions available anywhere in the world.
Decision N201 · MoF June 2019 · non-Georgian-source income · 0% income tax · 0% VAT
VASP framework — NBG 2023
The institutional layer that makes it credible.
The National Bank of Georgia introduced the Virtual Asset Service Provider registration framework in 2023 — creating a licensing regime that allows major exchanges to operate legally and compliantly. ByBit and Bitget are both NBG-licensed. 40+ applications are under review. The VASP license costs GEL 5,000 (~USD 1,850) — one of the lowest institutional licensing thresholds in the world. The framework integrates with FATF AML/CFT standards, confirmed by MONEYVAL in February 2024.
NBG VASP law 2023 · ByBit + Bitget NBG-licensed · MONEYVAL FATF confirmed Feb 2024
Mining infrastructure
Among the top five globally by hashrate. Low-cost hydroelectric power.
Georgia's combination of abundant hydroelectric power, low electricity costs, and a welcoming regulatory environment has made it one of the largest Bitcoin mining jurisdictions globally by hashrate (Cambridge Bitcoin Electricity Consumption Index, 2024). Over 200,000 miners are registered (National Agency of Mines). 96 Bitcoin ATMs are installed across the country (CoinATMRadar, 2025). The government holds over 66 BTC on its balance sheet — ranking among the top 10 globally among government Bitcoin holders (BitcoinTreasuries.net, 2025).
Top 5 globally by hashrate (CBECI 2024) · 200K+ miners · 96 BTC ATMs · government holds 66+ BTC
What this means for you
Exit your crypto position. Legally. In full.
An HNWI with USD 10M in Bitcoin unrealised gains faces up to 24% CGT in the UK (higher-rate taxpayers — USD 2.4M), 30% in France (USD 3M), or 20% in the US (USD 2M+). In Georgia, the same exit produces zero tax. The same USD 10M — intact. Reinvested at 7–12% commercial real estate yields inside Aurum vaults, with no wealth tax, no inheritance tax, and no capital controls on withdrawal.
USD 2–3M saved on USD 10M crypto exit vs UK/France · reinvestable at 7–12% APY · FATF-compliant
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