According to new regulations which came into affect In July 2019, there are 2 different options for obtaining an Investment Residence Permit (Permanent Residence permit) of Georgia:

 

1. By making a personal investment in real estate; buying non-agricultural real estate (land, apartment, commercial area etc.) in Georgia which costs more than USD 300,000. The Investment Residence Permit will initially be issued for 5 years. If after 5 years, the applicant does not sell the real estate property, they will be granted with a Permanent Residence Permit of Georgia.

 

2. Obtaining Investment residency by making investment through Georgian Company. Applicants will need to incorporate a company in Georgia and make an investment of USD 300,000 in his/her company (buy real estate, issue loans, money in the company’s term deposit account, etc.)

Following the incorporation and investment, the Investment Residence Permit will be issued for 5 years. After the applicant has been granted with the investment residence permit, it is obligatory that company’s annual turnover must exceed certain minimum limits:

• USD 50,000 for the first year

• USD 100,000 for the second year

• USD 120,000 for the third, fourth and fifth years.

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If the applicant is able to meet this criteria, they will receive a Permanent Residence Permit after 5 years.

 

Applicant Requirements:

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• Provide documents certifying USD 300,000 investment in real estate or investment in a newly formed Georgian company.

• No Criminal record.

 

Key Advantages:

 

• Visa-free travel to 116 countries and territories, including EU (Schengen) countries, most of CIS countries, Iran and Turkey.

• Right to unrestricted stay in the country.

• Include a spouse, underage dependent and/or fully dependent incapacitated person.

• The cost of living in Georgia is very low compared to other European countries.

• EU membership is a possibility ahead for Georgia and permanent residence here, with the option of citizenship, opens up prospective EU citizenship for investors.

• Minimum investment requirement is significantly lower than golden visa programs of EU member nations.

• The country has a liberal tax regime for residents with non-residents being totally exempt from tax on foreign income.

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Naturalization:

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Georgian citizenship shall be granted to the applicant if they meet the following requirements:

• Lawfully resided in Georgia for the last 10 consecutive years up to the day of applying for Georgian citizenship

• Knows the official language of Georgia within the established limits

• Knows the history of Georgia and basic principles of law within the established limits

• Have a job and/or real estate in Georgia, or carry on business in the territory of Georgia or hold an interest or shares in a Georgian enterprise or married a Georgian citizen.

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The decision on granting Georgian citizenship by naturalization is made within 3 months.

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No minimum stay requirement.

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