Georgia

COUNTRY AND PROGRAM OVERVIEW GEORGIA

Nestled at the crossroads of Eastern Europe and Western Asia, Georgia offers a distinctive blend of rich history, stunning landscapes, and vibrant culture. With its capital, Tbilisi, serving as a dynamic hub, Georgia is quickly becoming a popular destination for individuals and families seeking new opportunities.

Whether drawn by its economic potential, favorable business climate, or simply the allure of its picturesque scenery, Georgia provides an attractive environment for living and investing. Known for its liberal visa policies and welcoming nature, Georgia offers flexible residence permit options that make it easier than ever to explore and settle in this beautiful country. Applicants and their families can live, work, and study in Georgia, with renewable residency permits ranging from one to five years. Additionally, there is the option of citizenship after ten years, with minimal residency requirements, enable you to travel to 77 countries without visa.

Capital : Tbilisi

Language :Georgian

Population :3.7 million

Currency :Georgian Lari (GEL)

GEORGIA RESIDENCY BY INVESTMENT OVERVIEW

PROCESSING TIME

• 30 to 45 days

DEPENDENTS FAMILY

• Spouse, children under 18
• Adult children over 18 - unmarried, studying and economically dependent

INVESTMENT TYPE

• Real Estate Purchase
• Business Investment

INVESTMENT AMOUNT

• Real Estate: Minimum $100,000.
• Business Investment: Minimum $300,000

KEY BENEFITS

• Right to live, work, and study in Georgia
• 1-5 years residency permit
• No requirement to live in Georgia permanently to maintain your residency status

GEORGIAN RESIDENCE PERMIT HOLDERS’ ADVANTAGES

KEY FACTS

Allows for long-term 5-year residence permit with $300,000 investment.
Allows for 1 year residency permit with $100,000 investment.
Potential pathway to Georgian citizenship after 10 years.
Provides eligibility for healthcare services in Georgia.
Simplifies administrative procedures, such as opening and managing bank accounts.

GLOBAL MOBILITY

If an applicant obtains a residency permit in Georgia, they are entitled to live, study, and work in the country without requiring any additional permissions.
Georgia Residency facilitates easier travel and business operations within the South Caucasus region.
Georgia’s growing international recognition improves the credibility of residence permit holders.

ASSET PROTECTION

Benefits from a competitive tax regime, with no property tax, which can aid in protecting financial assets.
Lower costs for public services and medical care compared to the neighbors’ countries.
Secure environment for investing in real estate and businesses, with potential for property value appreciation.
Provides legal residency status that can protect against sudden deportation or visa issues.

INVESTMENT TYPE AND AMOUNT

Real Estate Purchase

● Property Ownership
● Minimum of $100000 – 1 year residency permit
● Minimum of $300000 – 5 years residency permit

Business Investment

● Business or Commercial venture
● Minimum of $300000 – 5 years residency permit

TIMELINE

Week 1

After retaining MICS and paying its initial professional fee, the first step is to choose the investment type and sign the property reservation agreement and pay the 30% deposit of the property in real estate acquisition type. The applicant can choose the property in person or via a video call.

MICS will then provide a detailed list of required civil and financial documents. Once all documents are collected and ready for submission, the government processing fees, due diligence fees, and MICS’s second professional fee will be due.

Week 2

The completed application will be evaluated for conformity with the Georgia residence permit. The applicant will be invited to complete the real estate purchase.

Week 3 - 6

The residency permit will be issued for all family members in the file, and the passport applications will be finalized.

After approval of the residence permit, Georgia ID card will be issued.

They can be collected in one of the MICS offices or delivered to the applicants. This is when the final payment of the MICS professional fee balance will be due.

GEORGIA