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Georgia Permanent Residence Through Investment

Georgia Permanent Residence Through Investment

Georgia Permanent Residence Through Investment

To get a residence permit in Georgia one of the best way is investment

According to the Immigration Law passed on May 30, 2019, by investing $ 300,000 in real estate or entrepreneurship in business, you can receive permanent residence in Georgia. Due to the lifelong permanent residence and the possibility of using all the facilities of life and work as citizens of Georgia, it is recommended that if you have investment conditions over 300 thousand US dollars, choose this method to obtain permanent residence in Georgia.

Obtaining permanent residence in Georgia through investment
Get permanent residence in Georgia through the purchase of property

If a foreign national buy property in Georgia (other than agricultural land) worth $ 300,000, he or she will first be granted a five-year residence permit, and doesn't matter if he or she does not sell his or her property during those five years, or if he or she sells the property immediately. To replace it with the same value of property or more, after five years his residence will become permanent residence. Under Georgian law, the total value of the property purchased must be at least $ 300,000, so it doesn't matter if you bought one or more properties to reach that amount. For example, to reach this amount, you can buy a property worth $ 300,000 or three properties worth $ 100,000.

purchase property

Click here to find out more about buying a property in Georgia

Steps to obtain permanent residence in Georgia by investing in the purchase of property:

After selecting the right property or properties to buy, the document transfer work must be done in the public service office. After the registration of the document, it is the turn of the government to approve the property by the official appraiser. The important point here is that the criterion of the Immigration Office for the value of real estate is done by the official appraiser approved by the government.It usually takes 24 hours to prepare the assessment, after which it is time to go to the public services office with full documents and a lawyer. After submitting the documents and paying the government fees, which are in two forms of 20 days by paying 300GEL or 30 days by paying 180 GEL, we have to wait for the response of the residence. After receiving a positive answer, you must return to the Public Services Department with your lawyer and apply for a residence card. The residence card must be prepared within 10 working days.

Steps to obtain permanent residence in Georgia

Find out more about property valuation in Georgia

Documents required to apply for permanent residence in Georgia through investment in the purchase of property:

  • 1

    Presence of the applicant along with the original passport

  • 2

    Completed application form for residency (done by a lawyer)

  • 3

    Passport translation into Georgian (done in Georgia)

  • 4

    Photo (taken in the public service office)

  • 5

    Photo (taken in the public service office)

  • 6

    Copy of real estate documents

  • 7

    Property evaluation documents

  • 8

    Certificate of no criminal record from the country issuing the passport

  • 9

    Documents related to approval by three Georgian individuals (provided with the advice of the company's lawyers)

After receiving a residence permit, you can also apply for a residence permit in Georgia for your spouse, parents and children under 18 years of age. Click here to view the Georgia Residence Guide for Children over 18

Required documents for applying for permanent residence in Georgia by investing in the purchase of property for relatives:

  • 1

    Presence of the applicant along with the original passport

  • 2

    Completed application form for residency (done by a lawyer)

  • 3

    Passport translation into Georgian (done in Georgia)

  • 4

    Photo (taken in the public service office)

  • 1

    Copy of the positive answer or the residence card of the main person holding the residence

  • 2

    Certificate of no criminal record from the country issuing the passport

  • 3

    Applicant's certificate of relativity with the person holding the residence

  • 4

    Paying government expenses

Required documents for applying for permanent residence in Georgia by investing in the purchase of property for relatives

There is no need to re-evaluate real estate to apply for residency in Georgia by investing in georgia real estate.

requirement document for investment residence
Permanent residence in Georgia through business investment

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

Steps to receive permanent residence in Georgia through business investment:

After completing the documents performed by the lawyer, it is the turn of the investment appraisal by the official appraiser approved by the government. According to Georgian law, the criterion for calculating evaluation is by the evaluator. (It should be noted, of course, that the evaluation is also checked) In Georgia's permanent residence through business investment, there must be a very close interaction between the lawyer, the accountant and the evaluator, as it is very important to complete the documents during this stay. After preparing the evaluation, which usually takes a few days with the cooperation of the lawyer, accountant and official evaluator, it is time to go to the Public Services Department with full documents with the lawyer, and after submitting the documents and paying government fees, which is 20 days for 300GEL or 30 days for 180 GEL, we have to wait for the answer. After receiving a positive residency answer, we return to the Public Services Department with the lawyer and request the issuance of a residency card so that the residency card can be prepared within 10 working days.

Permanent residence in Georgia through business investment

Documents required to apply for permanent residence in Georgia from investing in business:

  • 1

    Presence of the applicant along with the original passport

  • 2

    Completed residency application form (done by a lawyer)

  • 3

    Passport translation into Georgian (done in Georgia)

  • 4

    Photo (taken at the Public Services Department)

  • 1

    Investment evaluation documents by the official appraiser approved by the government

  • 2

    Certificate of no criminal record from the country issuing the passport

  • 3

    Certificates of approval by three Georgian individuals (provided with the advice of the company's lawyers)

  • 4

    Pay government fees

After receiving the residence permit, you can also apply for a residence permit for your spouse, parents and children under 18 years of age.

Required documents for applying for permanent residence in Georgia through business investment for relatives:

  • 1

    Presence of the applicant along with the original passport

  • 2

    Completed residency application form (done by a lawyer)

  • 3

    Passport translation into Georgian (done in Georgia)

  • 4

    Photo (taken at the Public Services Department)

  • 1

    Copy of the positive answer or the residence card of the main person holding the residence

  • 2

    Certificate of no criminal record from the country issuing the passport (for people 14 years and older)

  • 3

    Applicant's certificate of relativity with the person holding the residence

  • 4

    Pay government fees

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Note: Requests for real estate do not need to be reassessed to apply for residency.
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