permanent residence in Georgia by Investment

Permanent residence in Georgia by investment

Permanent Georgia residency by investment is one of the best ways to obtain permanent Georgia residency.

According to the immigration law approved on May 30, 2019, foreigners can obtain permanent Georgia residency by investing US $300,000 in Georgian business. Due to the permanent kind of this residence and the possibility of using all the facilities of life and work like citizens, it is recommended for the holders of permanent residence in Georgia by investment , if you have the investment conditions of more than US $300,000 in business, choose this method of obtaining permanent Georgia residency.

Permanent Georgia residency by investing in business

If a foreigner spends US$300,000 to start a business in order to invest in Georgia, he will be granted a 5-year residence in Georgia, which is called an investment residence. Then, if the investment for the person is at least US $50,000 in the first year, at least US $100,000 in the second year, and at least US $120,000 in the third, fourth and fifth years, he can become a permanent Georgian resident by investment. Note: The turnover approved by the Tax Department includes income and taxes paid to the government.

If you are interested in this type of residence, read more about Company registration in Georgia

Steps for obtaining permanent residence in Georgia by investment

After completing the documents done by the lawyer, it is time to evaluate the investment by the official appraiser approved by the government. According to the Georgian laws, the amount of investment is evaluated by the appraiser. (Of course, it should be noted that the evaluation is also reviewed by the Immigration Department). In the permanent residence in Georgia by investment , there should be a very close interaction between the accountant of the company, the lawyer and the evaluator, because completing the documents is very important in the process of obtaining the permanent residence in Georgia by investment . After preparing the evaluation, which generally takes a few days with the cooperation of the lawyer and the official evaluator, it is time to go to the Public Utilities Office with complete documents along with the lawyer, and after delivering the documents and paying the government fees, which will be paid in 2 ways, 20 days by paying 500 GEL and or 30 days by paying 350 GEL, we have to wait for the answer of Georgia's residence. After receiving a positive answer for residence, we must again go to the Public Utilities Office with the lawyer and request the issuance of a residence card so that the residence card can be prepared within 10 working days.

Learn more about permanent residence in Georgia with property purchase

Documents required to obtain for permanent residence in Georgia by investment

1
The presence of the applicant along with the original passport
2
Completed residence application form (done by the lawyer)
3
The passport translation into Georgian (done in Georgia)
4
The photo (taken at the Public Utilities Office)
5
At least 40 days until the time of visa application
6
Documents of investment evaluation
7
Clean record certificate of no from the passport issuing country
8
Documents related to confirmation by 3 Georgian (will be prepared with the advice of the company's lawyers)

Documents required to obtain permanent residence in Georgia by investment for family members (spouse and children under 18 years old)

1
The presence of the applicant along with the original passport
2
Completed residence application form (done by the lawyer)
3
The passport translation into Georgian (done in Georgia)
4
The photo (taken at the Public Utilities Office)
5
A copy of the positive answer or residence card of the main person who has a residence in Georgia
6
Clean record certificate from the passport issuing country
7
The certificate of relationship between the applicant and the resident
8
At least 40 days until the time of visa application

Frequently asked questions about permanent residence in Georgia by investment

1 What are the criteria of the Immigration Office for evaluating the amount of investment and obtaining permanent residence in Georgia by investment?

The evaluation criteria performed by the official appraiser are approved by the government, but it should be noted that the immigration officer also carefully reviews the evaluation.

2 Is it possible to obtain permanent residence in Georgia by investment by buying shares in a company?

Yes, you can obtain residency by buying shares of a company operating in Georgia provided that the investment amount is not less than 300 thousand dollars

3 Will the permanent residence be issued from the beginning or does it have a period of several years in the beginning?

If you have the necessary conditions for obtaining permanent residence in Georgia by investment, you will first obtain a residence permit for five years, and if the conditions are met in these five years, the residence will become, permanent residence

4 Do they grant permanent residence to family members by investing in Georgia?

Yes, the applicant can also obtain permanent residence in Georgia for his/her spouse and children under the age of 18

5 How long after investing in Georgia, the application for permanent residence in Georgia by investment can be received?

Collecting documents usually requires coordination between the applicant's attorney, appraiser, and accountant, and takes about a month.