permanent residence in Georgia Through Investment

Obtaining permanent residence in Georgia by investment is one of the best ways to obtain a residence permit in Georgia.

According to the immigration law of May 30, 2019, foreigners by investing in Georgia in the amount of 300 thousand US dollars in business can obtain permanent residence in Georgia by investment. Due to the longevity of permanent residence and the possibility of using all the facilities of life and work as citizens by investing in Georgia, it is recommended that if you have investment terms of more than 300 thousand US dollars, choose this method of obtaining permanent residence in Georgia by investment.

Permanent residence in Georgia with business investment

If a foreign citizen invests $300,000 in business in Georgia, he will initially be granted a five-year residence permit in Georgia, then if the individual invests, at least $50,000 in the first year, at least $100,000 in the second year , and at least $120,000 in the third, fourth and fifth years, if the tax office approves the turnover, he can obtain permanent residency by investing in Georgia. Note: The business number approved by the tax office includes income and taxes paid to the government permanent residence in Georgia Through Investment

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Steps to obtaining permanent residence in Georgia through investment

After the documents are completed by the attorney, it is the turn of the investment appraisal by the official government approved appraiser. According to Georgian law, the criterion for evaluating the assessment is by the assessor (and it is worth noting, of course, that the assessment is also checked) in the permanent residence of Georgia by investment, there must be a very close interaction between the lawyer, the accountant and the assessor, because it is very important to complete the documents during this stay. After preparing the evaluation which usually lasts a few days in cooperation with the lawyer, accountant and official evaluator, it is time to go to the General Services Department with the complete documents with the lawyer, and after submitting the documents and paying the government fees, which is 20 days 300 lari or 30 days at 180 lari, we have to We are waiting for the answer. After receiving a positive answer, we return to the General Services Department with the lawyer and request the issuance of a residence card so that the residence card can be prepared within 10 working days

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Documents required to apply for permanent residence in Georgia by investing in a business

1-Attendance of the applicant with the original passport
2-Filling out the residence application form (by a lawyer)
3-Translation of the passport into Georgian (it will be done in Georgia)
4-Photo (will be taken at the Public Services Department)

5-Investment appraisal documents by an official appraiser approved by the government
6-Certificate of no criminal record from the country that issued the passport
7-Certificates of approval by three Georgian individuals (advised by the company's attorney)
8-Duration of at least 40 days from the time of the visa

Georgia Accommodation Guide for Children Over 18

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Documents required to apply for permanent residence for relatives and children under 18 years of age in Georgia by investment:

1-Attendance of the applicant with the original passport
2-Filling out the residence application form (by a lawyer)
3-Translation of the passport into Georgian (performed in Georgia)
4-Photo (taken at the Public Services Department)

5-A copy of the affirmative answer or residence card of the main person holding the residence
6-Certificate of no criminal record from the country that issued the passport (for persons 14 years and over)
7-Relative certificate of the applicant with the resident
8-Duration of at least 40 days from the time of the visa

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 investing 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.