Navigating the tax landscape is a critical step for any
Read MoreAt IBCCS TAX we are experienced international tax planning advisers offering
legal & tax advisory assistance both on an international and local scale.
Alongside a broad range of permits and authorisations, we provide focused support for high-demand pathways such as VASP License in Georgia and PSP License in Georgia, where documentation quality and compliance readiness are critical.
Operating in certain regulated industries in Georgia requires obtaining specific licenses and permits. This process can be complex, demanding a thorough understanding of legal requirements and meticulous preparation of documentation. At IBCCS TAX Georgia, we provide expert licensing services, guiding you through the entire application process to ensure your business can operate legally and without delay.
This includes licensing strategies for payment and fintech models, including VASP licensing (virtual asset services) and PSP licensing (payment services), while also supporting other regulated industries listed below.
Navigating the licensing landscape is a critical step for any business in a regulated sector. Our team acts as your dedicated partner, managing the intricacies of the application process from start to finish. We provide strategic advice to ensure you meet all criteria, prepare and submit all necessary paperwork, and liaise with the relevant government authorities on your behalf. Our goal is to make the licensing process as smooth and efficient as possible.
Where your business model falls under VASP License in Georgia or PSP License in Georgia, we align the application narrative with your operational flow and compliance controls to reduce avoidable delays.
While we support a wide range of regulated industries in Georgia, two licensing areas consistently drive the most complex compliance requirements and the strongest market demand: VASP License in Georgia and PSP License in Georgia. Our services cover both high-regulation industries and other specific fields.
We help clients confirm the correct regulatory scope, prepare application documentation, and structure internal controls to match authority expectations – without losing sight of other licensing pathways that may apply to your sector.
At IBCCS TAX Georgia, we understand that a proper license is the foundation of a compliant and successful business. True to our principle, “We turn challenges into opportunities,” we handle the regulatory hurdles so you can focus on launching and growing your operations with complete peace of mind. If you are unsure which licence applies, we can assess your business flow and confirm whether your activity falls under VASP, PSP, or another regulated licensing category in Georgia.
We support businesses across a range of regulated industries in Georgia—from high-regulation authorisations to sector-specific permits. Our licensing services typically include regulatory scoping, documentation preparation, compliance alignment, application management, and liaison with the relevant authorities. This includes VASP License in Georgia, PSP License in Georgia, gambling licensing, International Company (IC) Status, financial services licensing, and industry permits (medical/pharma, tobacco & alcohol, mining and natural resources).
The correct license depends on your operational flow, the type of service you provide, how you handle client funds/assets, and whether you operate B2C or B2B. We start with a short scoping review to map your activity to the applicable category – such as VASP, PSP, gambling, financial services, or sector permits – then outline the documentation and compliance roadmap.
A VASP (Virtual Asset Service Provider) license generally applies to businesses providing client-facing virtual asset services, such as exchange/brokerage models, custody/wallet solutions, and other virtual-asset operations. If your product involves handling or transferring virtual assets for customers, VASP licensing may be relevant. We support scoping, compliance documentation, and the end-to-end licensing workflow.
A PSP (Payment Service Provider) license generally applies to businesses providing regulated payment services, including certain payment processing and payment operations, depending on the model. If your business handles fiat payment flows for customers, PSP licensing may be relevant. We support regulatory mapping, documentation, compliance alignment, and structured application management.
VASP is typically linked to virtual asset (crypto) services for clients. PSP is typically linked to fiat payment services and payment operations. Some business models overlap (for example, certain on-ramp/off-ramp structures), so we confirm the licensing scope before building the documentation package.
In some cases, yes – especially when a product includes both regulated payment flows and virtual asset services. We assess your end-to-end customer journey and advise whether one pathway is sufficient, whether both are required, or whether a compliant change in structure is the most efficient route.
Gambling licensing can apply to land-based and online gambling activities, depending on the specific format and operational setup. We support the licensing roadmap, documentation preparation and the practical steps required to align the business model with local rules before submission.
International Company (IC) Status is a specific framework designed for eligible sectors (commonly referenced for IT and maritime). If your business fits the qualifying criteria, IC Status can offer a favourable operational/tax position. We help assess eligibility, prepare the application package, and support the process through to approval.
Yes. Where a business model falls under a regulated financial services category, we provide licensing support including scoping, documentation, compliance alignment and liaison with the relevant authorities. Financial services licensing scope is highly model-specific, so an initial review is essential.
Yes. We support licensing/permits for businesses operating in the medical and pharmaceutical sector (e.g., clinics, pharmacies and related services). Our work typically focuses on mapping the activity to the correct permit requirements and building a clear documentation package for submission.
Yes. For businesses importing and/or distributing tobacco or alcohol, we assist with the relevant licensing and permit pathway, documentation preparation, and guidance on aligning operational processes to the applicable requirements.
Yes. We support businesses seeking permits related to exploration and extraction activities, including guidance on the permitting pathway and the documentation needed to move forward compliantly.
We typically manage: regulatory scoping, documentation lists and drafting support, compliance policy alignment (where applicable), application packaging, submission support, and communication with authorities. Where the license depends on operational readiness, we also advise on practical setup to ensure the application narrative matches the real business flow.
Usually: a short description of your business model, jurisdictions served, customer type (B2C/B2B), how funds/assets are handled, corporate structure, key stakeholders, and planned operational flow. From this, we confirm the likely licensing category and prepare a clear step-by-step plan.
Yes. We support both local and foreign founders, including selecting an appropriate setup approach, preparing documentation, and coordinating the licensing process as part of a broader operational launch plan.
Yes. For many regulated models, ongoing compliance matters after approval. We can support with practical compliance alignment, reporting readiness, and operational procedures to help you stay consistent with licensing obligations.
Reach out to our experts in Georgia, Tbilisi & Batumi.
Cyprus, Georgia, UAE, and Uzbekistan each have their strengths for different situations. Through our extensive partner network, we also provide services across 50+ additional jurisdictions worldwide. The trick is understanding which combination fits your business model and personal circumstances. Smart international structuring means finding real opportunities in stable jurisdictions rather than chasing clever schemes that might backfire later.
We are able to register your company in a timely manner at competitive fees in the following (and not only) jurisdictions:
Taxation:
Main benefits of the jurisdiction:
Types of entities: Private Limited Company, Public Limited Company, General Partnership, Limited Partnership, Partnership Limited by Shares, Trusts, Charitable Foundation, Associations, Clubs
Disclosure rules:
Time to incorporate: from 2 days. Remote registration possible. Shelf companies available.
Taxation:
Main benefits of the jurisdiction:
Types of entities: Private limited company, Public limited company, Limited partnership, General partnership, Commercial association, Nonprofit organization, Sole proprietorship
Disclosure rules:
Time to incorporate: Starting form 24 hours
Taxation:
Main benefits of the jurisdiction:
Main tax incentives that Georgia offers are:
Time to incorporate: 24 hours
Taxation:
Main benefits of the jurisdiction:
Types of entities: Offshore company, Free Zone company, Designated Zone Company, mainland Limited Liability Company, Private Foundations.
Disclosure rules:
Time to incorporate: Starting from 3 days
We provide services also in the following jurisdictions:
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