Getting a residence permit in Georgia by buying a property in Georgia is one of the easiest ways to get a residence permit in Georgia.
By buying a property in Georgia and investing in real estate in Georgia you can obtain a residency for all family members.
Types of residence permits in Georgia
There are several types of permits that allow foreign nationals to lawfully live in the country long-term. These are issued according to the purpose of the stay and individuals who wish to obtain residency in Georgia indefinitely can apply for this type of residence after they have stayed in the country for the past six years. It is important to note that Georgia permanent residence is awarded only after this time, a period during which the applicant must have stayed in the country based on a temporary residence permit that was renewed as indicated.
In order to get right for submission documents for Residence Permit of Georgia there are several ways:
1. You should register Company in Georgia and have a turnover of a minimum of 50,000 GEL (appr. 16,000 USD);
Or
2. You should find a job yourself in any Georgian Company and have an employment agreement for minimum of 6 months with a monthly net salary minimum of 1000 GEL;
Or
3. You should buy real estate in Georgia which costs more than 100,000 USD;
Or
4. You should register Company in Georgia and invest more than 300,000 USD through Georgian Company or buy real estate which costs more than 300,000 USD (in such case you can get Investment (Permanent) Resident permit).
Temporary Residence Permit of Georgia for foreigners who own real estate (non-agriculture property) on the territory of Georgia which costs more than 100,000 USD.
– Client is buying non-agricultural real estate (land, apartment, commercial area, etc.) in Georgia which costs more than 100,000 USD;
– We are preparing appropriate auditing decisions with the help of our partner auditing company.
– We’ll do all necessary paperwork;
– We are submitting residency application together with the client;
– Whole process (submitting application, getting approval on residency, and collection of TR Card) takes 45 calendar days. In case of need, the client can leave Georgia after submitting an application and return back after getting approval on residency.
After the client gets a Georgian Residence Card, his/her spouse and children are also eligible for TRP.
Persons interested to register a property with the Registry are invited to contact our team of Attorneys in Georgia for more details.
