About Gambling Business Regulation in Georgia: Report of Teona Shiukashvili from Georgia Revenue Service
Georgia Revenue Service had issued more than 240 gambling licenses by April 2019. It takes one day to get a permit for launching the business.
Upon opening a business in Georgia, entrepreneurs should know the subtleties of regulation and taxation in order to minimize expenditures and use benefits.
In Tbilisi, an annual license costs 5 million lari, in Batumi – 200 thousand. If you open a casino at the hotel with over 100 rooms in Batumi, you are exempt from the licensing fee for the period of 10 years.
Georgia iGaming Affiliate Conference will feature Teona Shiukashvili, the head of the Gambling Business Regulation Division at Georgia Revenue Service.
She will speak about “Amendments in laws and regulation of Georgian gambling business”. Her report contains many examples and nuances useful for entrepreneurs, lawyers, and investors.
- how to run a gambling business adhering to all the laws;
- how to avoid fines;
- how to increase the profitability of your company.
Teona has 14 years of experience in the Georgian state sector. For more than 10 of them, the speaker has been focusing on the issuance of gambling permits and the control of the issuance terms and conditions.
The authority of the Gambling Business Regulation Division includes the issuance and withdrawal of gambling permits, the introduction of changes in permits, and the registration of documents in the official registry. Besides, the division supervises how organizers of gambling entertainment fulfill the terms and conditions specified in the permits and set fines.
The conference about gambling business and affiliate marketing
Georgia iGaming Affiliate Conference will take place on October 18.