While various industries sustain losses due to the global pandemic, the casino sector strengthens its position. Georgia has long appreciated the prospects of this industry and recognised the iGaming sector as a reliable economic instrument at the domestic level.
Gambling projects play an important role in the economic development of the country, and therefore, the Georgian authorities are interested in the provision of maximum support for the legal market.
In 2021, a number of enterprises will be founded, and they will be aimed at strengthening control over the industry.
Responsibilities of these new organisations:
At the beginning of the year, amendments were made to the Organisation of Lotteries, Gambling, and Profitable Games Act. They will affect both local and foreign entrepreneurs but such changes will be introduced gradually so that the industry adapts to them with minimal losses.
The main legal developments of 2021
Since January 2021, all enterprises related to the gambling business (network projects, software distributors, software vendors) must receive a legal address in the country
Digital control program
Tasks of the program:
Operation under the special permit
It is mandatory for all operators, developers, and distributors to have a gambling certificate. It is impossible to legally launch a gaming site or an offline location without purchasing a local licence
Applicants must provide a copy of the agreement with the licensor to the supervisor. Changes to the contract must be reported to the controlling agency within 2 days
Representatives of the industry should timely pay the commission for the services of the controlling body.
The amount of payments is determined by the H455 legislative provision
The gambling field in Georgia simultaneously performs 2 tasks:
Georgia is favourably disposed towards gambling projects. All types of casino entertainment are allowed in this country:
There is also a quarterly fee for working with digital traffic — from 30 to 60 thousand Georgian lari.
Entrepreneurs pay 2 types of taxes:
The annual tax is paid by instalments during the reporting period. The amount of deductions depends on the geolocation of the land-based casino. The only exception is the resort areas of the country.
Entrepreneurs from Sighnaghi, Gudauri, and Kazbegi are exempt from any taxes, regardless of the type of gambling project they have implemented.
The annual tax rate in accordance with the type of business:
A separate package of documents is prepared for each type of gambling project.
The application is considered within 20 days. The procedure can be accelerated by paying:
The local regulator issues a single licence for all types of gambling services for 5 years.
To avoid mistakes during the collection of documents and registration of an offshore company, please contact the managers of 2WinPower.
We offer legal support, including:
We constantly monitor industry trends and offer excellent tools for optimising a startup. Our catalogue of offers contains various types of software:
The decision to buy a local casino licence is a convenient and safe way to legalise your project and attract international traffic.
The country promises investors the following prospects and benefits:
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