Georgia
Ministry of Finance confirms individuals are exempt from all income tax on crypto profits. Crypto not considered 'Georgian sourced' income. Mining equipment imports are duty-free.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Activity Taxes
Staking
0% for individuals
Mining
0% for individuals; VAT exempt; duty-free equipment imports
DeFi
0% for individuals
NFTs
0% for individuals
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
All individual gains tax-free regardless of holding period
Regulation & Residency
Regulatory Body
National Bank of Georgia (general oversight)
Residency Requirement
Easy residency; 1-year temporary residence with minimal requirements
Reporting Requirements
Minimal for individuals
Citizenship & Residency Path
Easy 1-year residency permit; citizenship after 5 years continuous residency
Notable Conditions
- →Crypto classified as 'not Georgian sourced' = exempt from capital gains
- →Entities (LLCs) pay 15% corporate tax on crypto profits
- →Mining equipment imports are customs duty-free and VAT-free
- →Simple residency options for digital nomads
- →Very low cost of living
Living & Lifestyle
Cost of Living
Very Low
Banking Access
Moderate
Quality of Life
Moderate
Lifestyle Scores