Author: Ivan Mostovoy23 may 2022
Georgia was one of the first countries in Europe to legalise the entertainment business and provide transparent working conditions for enterprisers. The legitimation was streamlined in the early 2000s. This attracted huge investment in land-based casino complexes and iGaming sites.
Today, the gaming industry in Georgia is a promising and highly profitable niche.
Our company uses an integrated approach to organising a gambling project. The turnkey solution includes a licence, a catalogue of video games, and other necessary components.
The start of a casino business in Georgia is beneficial for several reasons:
Transparent and stable legislation
The gambling industry is regulated by two laws:
The government ensures equal working conditions for all market participants.
The moratorium on changes in the legislative framework is valid until 2028. It has a positive effect on long-term investment in the industry
Dozens of casino complexes operate in the country. They attract thousands of tourists annually.
As for online projects, reliable data centres and IT hubs are located in Georgia. Widescreen 4G coverage provides quick access to casino sites from anywhere in the world
Huge selection of gambling areas
The government has provided benefits for gambling operators with registration in the resort areas of Adjara, Gudauri, Kazbegi, and Sighnaghi.
Tax rates in other Georgian regions depend on the type of activity, annual turnover, and localisation of an enterprise
You can create a company literally in a day, including:
To launch a gambling project in Georgia, operators have to obtain permission. Documents are issued by the Revenue Service. This is a structural subdivision of the country's Ministry of Finance.
The licences are issued for different activities separately. The validity period of the permit is 5 years. Then it can be reissued for a new term following a simplified procedure.
The package of documents required by the Revenue Service includes:
The average time needed for receiving a licence is 20 calendar days. Enterprisers can speed up the process by paying $365–850 extra for fast application processing.
The cost of a permit depends on the chosen region. The highest prices are set in major cities and resort areas. For example, the cost of a licence allowing to operate a land-based casino is about $2 million in Tbilisi. In Batumi, the price is less — $103.6 thousand.
According to Forbes, Georgia ranks fourth among countries with a reduced tax burden on businesses. Therefore, the purchase of a casino or a bookmaker project in Georgia is not only prestigious but also economically beneficial.
The government has developed a transparent system with convenient administration. Entrepreneurs can apply to the tax authorities, receive an extract, and pay the required fees directly on the website of the Revenue Service.
All taxes from the gambling business are conditionally divided into three large groups:
Tax credits are provided for:
To create a gambling project on the Web, an operator must obtain permission to work in a land-based casino complex. This requirement applies to all entrepreneurs, including companies registered in the tourist areas of the country (Adzharia, Kazbegi, Tskaltubo, and others).
The permit to work in the online sector is valid for 5 years. In addition to the standard list of documents, an applicant should additionally provide:
Only companies registered in Georgia as a LLC have the right to manage gambling sites. Business owners can be both foreigners and citizens of the country.
The casino software used by the operator must be certified by an independent iGaming laboratory.
The following program components are subject to verification:
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