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Temporary Residence by Buying Property
Get Georgia Temparory Residence by Buying Property
One of the best ways to obtain a Georgian residence is to buy a property.
According to the latest Georgia Immigration Act of May 30, 2019, you can obtain temporary residence in Georgia by purchasing any property (other than agricultural land) for a total value of at least US $ 100000. The golden point of investing in the purchase of property in Georgia is to emphasize the sum total. That is, $ 100,000 can be made by buying one or more properties. For example, by buying three properties for about $ 30,000 you can raise your property portfolio to at least $ 100,000 or by buying a property worth at least $ 100,000. Receive a quota for a stay.
One of the reasons why the government does not grant permanent residence in Georgia is the sale of purchased property after receiving a residence permit. By buying a property in Georgia you will receive temporary residence (one year to five years) and at the end of each period to extend your stay in Georgia, you will only need to show that you still own the property.
Steps to Get Georgia Temporary Residence by Buying Property
After visiting the city areas and finding real estate that fits your budget and preferences, meet with a SisnoGroup lawyer for a meeting with a seller who is a construction company or a natural person at the "Public Utilities Office" which All property transactions in Georgia are registered. After transferring the funds either in cash or deposit into the account, it is time to sign the documents and request for the document to be issued. You can request to issue your document for the same business day or 2 business hours or 2 business days after your payment for the document will be 210 GEL, 150 GEL and 55 GEL respectively.Once the document has been prepared, it is time to evaluate the property purchased by an official appraiser approved by the Georgian government, which requires several images of the property, document and passport translation into Georgian. Your evaluation is usually ready after 2 hours. After evaluating the property, we can submit your application for a Georgian residency to the Public Utilities Office. We can choose when to receive a stay reply, which is one of 10 days (410 GEL), 20 days (330 GEL) and 20 days (210 GEL).
Once you have received a positive response to your residence in Georgia through the purchase of the property, you will be required to issue a residence card, which requires that your presence be completed within 10 business days of your residence card being issued. Important Note: Once you have received a Georgian residence permit, you can obtain a temporary residence permit for your spouse, children under 18, and your parents.
Requirements for obtaining a residence purchase in Georgia
- 1
Presence of the requesting person (buyer)
- 2
Have at least 7 days of visa
- 3
Form completed by a lawyer
- 4
Original passport and official passport translation into Georgian (done in Georgia)
- 5
Certificate of police clearance of passport issuing country
- 6
Photo (taken at Georgian Public Service Bureau)
- 7
Property document
- 8
Evaluation documents
- 9
Paying for government expenses (same as described above)
Documents required for residence of relatives
- 1
Form completed by a lawyer
- 2
Paying for government expenses (explained above)
- 3
Copy of the affirmative residence permit or copy of the residence card of the resident
- 4
Original passport and official passport translation into Georgian (done in Georgia)
- 5
Certificate of relevance of the applicant with residence permit issued by the Embassy
- 6
Certificate of police clearance of passport issuing country (for persons 14 years and over)
- 7
Presence of applicant
- 8
Property document
- 9
Have at least 7 days of visa
Important: You do not need to re-evaluate your property to get residence for relatives.
Frequently Asked Questions About Buying a Property in Georgia
1Is it possible to get a Georgian residence with the purchase of land?
Yes, you can get Georgian residency by purchasing non-agricultural land worth at least $ 100000, but you cannot obtain Georgian residency by purchasing agricultural land.
2Is it possible to get two-person accommodation by buying a property worth more than $ 200000?
Yes, by buying property at such a price you can get two separate documents (two three-tangled documents) and two people can receive the residence, which they can do for their family members as well. As described above, they apply for a residence permit
3 Is it possible to obtain a Georgian residence by purchasing an apartment or shop that does not have a segregated document (separate property code)?
No, you can only stay on a property purchase that has a separate document. Please note that residential or commercial units that have not yet been separated from the original document of its parent document cannot be accommodated, so be sure to note that, with the presence of experienced Sisno Group lawyers, we check all the documents at the time of purchase
4 What is the criterion for calculating property prices when granting a residence purchase?
The Immigration Criterion is an evaluation by an official assessor and your purchase amount is not an Immigration Criterion to determine the amount
5 Can a property purchase be obtained by buying a property in the name of the company?
No, you can apply for a residence permit not a legal entity.
