Obtaining residency in Georgia through property investment is a relatively simple process. Georgia offers two programs for residency via property investment, which are detailed in this article.
In addition to the potential for high returns, investing in property in Georgia provides investors with the added benefit of securing residency. Georgia is rapidly emerging as one of Europe’s most attractive property markets, yet it still offers some of the lowest prices among European capital cities.
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Short-term Residence Permit (Based on property ownership >100k USD)
The short-term residence permit is available to individuals and their family members (dependents/spouse only) who own immovable property in Georgia (excluding agricultural land) valued at over 100,000 USD or its equivalent in GEL (increased from $35k to $100k in 2019). This can be a single property or a portfolio of properties that collectively meet the threshold. Note: If the value of your property portfolio drops below the $100k threshold after obtaining residency, your residency will not be renewed.
To issue a short-term residence permit, the property’s appraised value must be established by a certified assessor accredited by the Legal Entity under the Public Law Unified National Accreditation Body – Accreditation Center.
300k USD Investment Residence Permit
Investment can be made in various ways, not just through real estate, though the requirements are complex. The advantage is that the principal investor and qualifying family members (spouse and minor children) can receive a 5-year temporary residency immediately. This status depends on maintaining the 300k investment continuously and meeting other specific requirements, which vary based on the type of investment.
Initially, the investment residence permit is valid for 5 years. After this period, and if the requirements are still met, permanent residency will be granted upon approval. Under the 100k investment (short-term residence permit), you must wait 10 years before applying for permanent residency, so the 300k option shortens the process by 5 years.
Due to the complexity of the investment requirements, please schedule a free consultation with us to discuss further details.
Next Steps
Approximately half of our Real Estate Purchase Assistance clients choose to obtain residency through property investment. Our Property Buyers Guide offers a comprehensive overview of the key topics affecting your investment decisions in Georgia. Contact us to explore your property investment options when considering Georgia’s Residency by Property Investment programs.
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