Having discussed this with several Georgian tax auditors, the way that public decision 201 is worded looks likely to apply regardless of trading frequency.
New rulings can clarify old rulings even with no change of law so it is possible that some kind of badges of trade approach or time of assets held threshold could shift some crypto trading from exempt foreign income to locally taxed "other economic activity". Of course we are seeing ambiguity and changes in these tax treatments in other countries too.
Personally I wouldn't invest︀ in property in Georgia or develop roots such as a staffed office here if I︁ was relying on Public Decision 201 and wanted to be ready to "just leave" if︂ things change, as
@04372 suggests.
People who like good weather for much of the︄ year, friendly people, nice food, excellent wines, low cost of living, good
personal banking, low︅ bureaucracy for some things, decent Internet, good tax options for some people, amazing visa free︆ regime for many nationalities, no need for work permit, inexpensive routes to visas if needed.︇ Of course there are downsides such as banks being unfriendly to being used for offshore︈ business activity, lack of investment advisory options and tax neutral fund regime, frequent but fairly︉ short water and electricity outages, potholes, etc.
With regards to Dubai, the DMCC freezone has︊ a specific business activity for "proprietary trading in crypto-commodities" which looks ideal for a crypto︋ trader, yet members here seem against it and are suggesting to use other freezones. What︌ legal activities or licences are being used for crypto trading in these free zones? I︍ understand that some people just want to "cash out" of crypto and hide the gains︎ from their home country, but is it really safe to have fake substance in some️ pretend company and use it to run a crypto trading fund? Or if you run a crypto trading business outside of the company, are we sure that this is not mainland business activity? Nobody seems to be clarifying these issues.
