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Georgia

Investment residence permit

Georgia grants permanent residency to foreigner who invest at least GEL 300,000 in Georgian economy, in accordance with the Georgia Law on Promotion and Guarantees of Investment Activity.

Investment may be made in monetary funds, interest, shares and other securities, movable and immovable property such as land, buildings and structures, equipment and other material values, rights of using land or other natural resources (including concessions), patents, licenses, know-how, experience and other intellectual values and other property or intellectual values or rights recognized by law.

Spouse, minor children and incapable dependents may apply for permanent residency, children over 18 y.o. and parents may apply for a temporary residency permit.

It will be required a document certifying investment and a written recommendation of a member of the Government of Georgia or of three Georgian citizens of empowered to represent a business subject operating in the country.

After 5 years of legal and uninterrupted residence, you may apply for naturalization, provided that you know the local language, Georgian history fundamentals, and the general principles of law.

You can also apply for foreign citizenship as an exception, granted by the President of Georgia under Article 12 (2) of the Constitution. At least two reference letters from natural or legal persons registered in Georgia will be required. Contact us for further information.

Georgia does not recognize dual citizenship, unless it has been granted as an exception by the President of Georgia.

Requirements


- Documents certifying investment.
- Written recommendation letter of a member of the Government of Georgia; or
- Written recommendation letter of three citizens of Georgia, empowered to represent a business subject operating in the country.

Restricted Nationalities


No nationality is officially restricted

dual citizenship


Dual citizenship is not recognized in Georgia. To become a citizen of Georgia, you must renounce your previous nationality.


Documents Required


  • Certificate of legal stay in the country
  • Documents certifying Business Investment
  • Receipt of payment of fees
  • Three personal references
  • Certified copy of passport
  • One passport-size photo
  • dual citizenship No
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required Yes
  • Language skills required No
  • Interview required No
  • Investment Single $125,000
  • Investment Family 4 $125,000
  • Minimum annual income -
  • Time to citizenship 60
  • Time to permanent residency 1
  • Visa-free countries 69
  • Financing available No

Fees

processing fees main applicant ₾210 (30d), ₾330 (20d), ₾410 (10d)
total fees main applicant ₾210 (30d), ₾330 (20d), ₾410 (10d)
processing fees spouse ₾210 (30d), ₾330 (20d), ₾410 (10d)
total fees spouse ₾210 (30d), ₾330 (20d), ₾410 (10d)
processing fees dependents -18 ₾210 (30d), ₾330 (20d), ₾410 (10d)
total fees dependent -18 ₾210 (30d), ₾330 (20d), ₾410 (10d)

Country details

Georgia
GEL
995
Tbilisi
Asia
Georgian
4630000
Georgia is a former Soviet Republic, located on the border between Europe and Asia, on the east cost of the Black Sea. It shares border with Russia to the north, with Turkey and Armenia to the south, and Azerbaijan to the southeast. It has a population of just over 3.7 million inhabitants, which half live in Tbilisi, its capital. Its official language is the Georgian and its legal tender currency is the Georgian Lari (GEL).

Visa Free Travel

With your new passport from Georgia you'll be able to access 69 countries visa free
>

Taxes

Tax residents in Georgia are those who reside for at least 183 days in Georgian territory.

Tax residents are only taxed on their Georgian-source income. This means that income earned abroad is not subject to Georgian taxation.

The flat tax rate is 20%, although dividend, interest income is taxed at a 5% final withholding tax on source and not included in personal tax base.

Rental income from residential properties are also subject to a reduced 5% tax rate, provided that no deductions are taken from this income.

Capital Gains are usually subject to income standard tax rate, but an exemption may apply from gains on the sale of real property, if it has been held at least two years. Gains on the sale of a residential property with an attached land plot is subject to a reduced tax rate of 5%.

Individuals owning real estate are subject to a real property tax ranging from 0.8% to 1% on the property market value. However, households with annual income below GEL 40,000 are exempted and those with annual income between GEL 40,000 and GEL 100,000 are subject to a reduced tax rate ranging from 0.05% and 0.2% on the property market value.

In Georgia, there are no net wealth, inheritance or transfer taxes. Gifts of certain value may be subject to taxation.

V.A.T. standard rate is 18%. Certain goods and services transactions are tax exempt.

Regarding corporate taxation, resident entities are subject to a 15% on their profits, whether derived from local or foreign-source. Undistributed profits are not subject to taxation. If you want to learn more about Georgia’s corporate taxation, legal framework and tax treaties, you can check out incorporations.io/georgia.

This should not be construed as tax advice. Flag Theory | Passports.IO has access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax No
  • Inheritance tax No
  • Net worth tax No
  • CFC law No
  • Tax residency days 183
  • Personal income tax rate 20%
  • Capital Gains tax rate 20%
  • Investment income tax rate 5%
  • Territorial taxation Yes

Procedures

Flag Theory | Passports.IO and our qualified attorney in Georgia, will handle all paperwork, and guide you through each step of the process to ensure that it is as fast, efficient and pain free as possible.

First, our lawyers will conduct a due diligence check on you to ensure that you are eligible and meet the criteria to apply for the program and your application will be approved.

If required, we may introduce you to our network of financial advisors and real estate developers in Georgia to find the most suitable investment option.

Once investment is made, we will send you the application forms and provide assistance to complete the questionnaires, translate and authenticate documents.

Application must be submitted in the country, to the LEPL Public Service Development Agency within the Ministry for Justice of Georgia.

Once your application is approved, you may apply for your residency card, that will be issued within a maximum period of 10 days. The whole process takes within 30-40 days.

For further information on Georgian investment residence permit and detailed procedures, contact us for a free private consultation.

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