For the attraction of foreign investment, excellent conditions have been created.
It is recommended to buy a casino in the country for several reasons:
Well-developed tourism sector. The country has a favourable environment and a great infrastructure. About 4 million people visit the region annually, which is more than the entire population of the country.
Good geolocation. The closest neighbours of Georgia support the policy of a complete ban on gambling. As a result, the country regularly attracts users from Russia, Turkey, Iran, and Azerbaijan.
The depth of the economic market. In the Forbes list, the country takes fourth place in the ranking of countries with a minimum tax burden. A casino can be launched literally in one day.
Benefits for the sector. The region actively attracts foreign investments and offers operators optimal working conditions. Gambling clubs located in hotels are exempt from the income tax.
A number of amendments to the Gambling Act have been introduced, including:
Mandatory local registration. To obtain a Georgian licence, entrepreneurs must register a legal address on the country’s territory. It applies to all industry participants: casino owners, software distributors and vendors, as well as the owners of network projects.
Unified digital control system. The program for monitoring the activities of businessmen has been introduced in January 2021. The project has several goals: control of tax deductions, assessment of the legality of the work of entrepreneurs, an inspection of the operators’ compliance with the provisions of the local permit.
Mandatory commission fees. The size of the fixed rate can be found in the amendment to the Gambling Act No. Н455.
Among the benefits of launching a casino in this country, we can name a very simple document submission procedure. It is possible to file an electronic application and choose the time of its consideration:
20 days — for free;
10 days — about 200 dollars;
5 days — up to 300 dollars;
1 working day — about 600 dollars.
Documents are collected depending on the type of future activities. The validity period of a permit is 5 years.
An important point is that you can apply for the launch of a network project only after the opening of a land-based location in Georgia.
The key benefits and peculiarities of the local gaming business:
Minimum tax burden. Thus, casinos in resort areas are exempt from income taxes, operators do not pay commission fees on prize funds, and bookmakers do not need to pay a mandatory quarterly fee.
Market legalisation. The country allows entrepreneurs to establish locations with card games and hardware equipment, betting shops, etc.
Simple certification procedure. Georgia is included in the Forbes list as the country with the lowest tax burden. A gambling project can be launched within 24 hours: applications are filed in the electronic format totally free of charge.
We are ready to provide legal support, including assistance in collecting documents and legal support during the registration of a company in the offshore zones. Moreover, we offer turnkey projects with sublicences issued by the most respected jurisdictions.
Our managers are always aware of the latest market trends and offer their clients the following types of casino software: