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With the rapid growth of the virtual asset industry, Virtual Asset Service Providers (VASPs) face increasing regulatory scrutiny worldwide. Georgia is no exception. Since September 2022, VASPs have been classified as accountable persons under the Law of Georgia on Facilitating the Prevention of Money Laundering and the Financing of Terrorism, thereby becoming subject to mandatory […]

In the realm of financial services, particularly in Georgia, the operation of payment services is under regulatory oversight. This framework aims to ensure transparency, security, and stability in the payment sector. At the center of this regulatory system are Payment System Providers (PSPs). They play a crucial role in facilitating various payment transactions. PSPs include

Under the current legal framework, European patents can be validated in Georgia based on the International Agreement on the Validation of European Patents (the “Validation Agreement”) between the Government of Georgia and the European Patent Office (EPO). This framework allows applicants to obtain patent protection in Georgia by requesting validation of their European patent applications.

As Georgia continues to develop a well-regulated environment for systemic electronic gambling, licensed operators are increasingly targeting international markets. They are offering services to foreign players. In parallel, the question of how such players can legally fund their accounts and withdraw winnings has become a key operational and compliance issue. While the Georgian legal framework

Last year, the Parliament of Georgia made changes to the Law of Georgia on Personal Data Protection (the PDP Law) to align personal data protection legislation more closely with the European Union standards. These significant changes to the PDP Law entered into force on 1 March 2024 and marked an important regulatory update. Grounds of

As Georgia continues to position itself as a business-friendly jurisdiction and a regional hub for investment and innovation, hiring foreign employees by local companies is becoming increasingly common. Georgian labor and immigration laws establish a clear, albeit straightforward, framework for employing foreign citizens. This article outlines the key legal requirements for hiring foreign employees in

Georgia has established a legal framework governing securitization, a process that enables the transformation of future receivables into liquid financial instruments. The Law on Securitization outlines how entities can package income-generating assets and offer them to investors through structured instruments. The framework sets clear rules for key participants, including originators (Initiators), securitization vehicles (Securitization Entities),