Launching a Crypto Business in Georgia: securing a VASP license without regulatory pitfalls
A client came to us — the founder of an international crypto project operating where fintech meets digital assets. The core business was based in the EU, but as the user base grew and the product range widened, it became clear that staying within one geography was no longer enough. The task was to expand internationally without losing control over processes, without overloading the main team, and without stepping into regulatory chaos.
What the client needed was a separate, fully legal and regulated structure for virtual asset operations — one that could live alongside the existing corporate setup, not disrupt it. After comparing several options, Georgia turned out to be the right fit. Clear VASP rules, a pragmatic attitude toward crypto businesses, reasonable operating costs, and the ability to manage everything remotely made the choice almost self-evident.
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Client’s request
At the core of the request was obtaining a VASP registration in Georgia that would allow the company to run operations outside the EU smoothly, without delays or unpleasant regulatory surprises.
Specifically, the client wanted to:
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build a company structure that genuinely meets Georgian regulator expectations;
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prepare a full set of internal policies (AML/KYC, risk management, compliance);
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avoid common mistakes that usually slow down or derail VASP applications;
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launch within realistic timelines, without pulling key people away from product development.
One more important point: post-licensing support mattered. The client didn’t see the VASP status as a checkbox — it was meant to be a working tool for scaling the business.
Our solution
We started by breaking down the client’s business model and mapping it against the current Georgian requirements for VASP providers. This early step helped define which activities made sense to declare from day one, and which could be added later as the project expanded.
Next, our team:
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designed a tailored legal and corporate structure for the client’s crypto business;
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prepared and customized all internal policies so they reflected real operations, not generic templates;
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handled communication with the regulator and guided the registration process end-to-end;
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helped shape a basic operational setup in Georgia, including local presence and ongoing compliance support.
Results, in numbers
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35% lower operating costs compared to a similar EU structure
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Over 40% faster launch time, thanks to a streamlined registration process
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100% alignment with AML/KYC standards and regulatory expectations
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Zero requests for document revisions from the regulator
Today, the Georgian VASP license has become a genuine growth platform for the client — a solid base for scaling crypto operations internationally, without friction and without guesswork.