If you’re a foreigner and you invest a minimum of 300,000 bucks in Georgia or own a property (not agricultural land) worth over 300,000 dollars, you can score yourself an investment residence permit. This permit is given according to the Law of Georgia on Investment Activity Promotion and Guarantees. Just make sure the property’s market value is evaluated by an authorized assessor from a body that’s accredited by the Georgian Unified National Accreditation Body.
Foreigners must invest a minimum of $300,000 to obtain an investment residence permit in Georgia country.
What Benefits Does Georgia Offer To Foreign Investors Seeking Residency?
This type of residence offers quick and easy access to the country’s vast opportunities, such as tax-free trading with European countries, a high-potential tourism industry, and affordable living costs compared to other EU nations. Additionally, you’ll enjoy world-class healthcare facilities, excellent education standards for yourself or your children, a stable political environment, and great security measures ensuring peace of mind wherever you go.
What Is Georgia Residence by Investment Options?
The investment program in Georgia offers two investment options for foreign investors seeking to obtain residency in the country:
The Real Estate Program
In the real estate program, investors can purchase property worth at least $300,000 to obtain residency permits for themselves and their families. Initially, a temporary residence permit for investment purposes will be granted for five years. If the applicant decides not to sell their real estate property within this period, they will be eligible to receive a permanent residence permit in Georgia.
The Business Program
To obtain investment residency through a Georgian company, applicants must establish a company in Georgia and invest a minimum of USD 300,000 in various ways, such as purchasing real estate, issuing loans, or depositing funds in the company’s term deposit account. It is important to note that a valuation report must be produced as proof that the investment amount surpasses USD 300,000.Once the applicant has incorporated a company and invested, they will be granted an Investment Residence Permit for five years. The company must achieve minimum annual turnovers of USD 50,000 in the first year, USD 100,000 in the second year, and USD 120,000 in the third, fourth, and fifth years. Meeting these requirements will make the applicant eligible for a Permanent Residence Permit after five years.
How Can GEO Legal Help You With Residence by Investment?
GEO Legal is a law firm based in Georgia that can provide valuable assistance to foreign investors seeking residency through investment in the country. We can help investors navigate the complex legal and regulatory requirements of the Georgia Residence by Investment program, including the application process, documentation, and investment options. If you believe getting residency in Georgia is suitable for you, then send us an email or contact us to be introduced to our trusted service team in Tbilisi.
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Resident Permits in Georgia FAQ
Foreign investors can enjoy a flourishing tourism industry, affordable living costs, world-class healthcare facilities, etc.
The real estate program and the business program.
Foreigners must invest at least $300,000 to obtain an investment residence permit.
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