Georgia, situated at the crossroads of Eastern Europe and Western Asia, boasts a rich cultural heritage, breathtaking landscapes, and a strategic location for trade and investment.
In recent years, Georgia has introduced its Citizenship by Investment (CBI) Program, providing an avenue for global investors to obtain citizenship and capitalize on the country’s growing economic opportunities.
Capital: Tbilisi
Language: Georgian
Population: Approximately 3.7 million
Currency: Georgian Lari (GEL)
Georgia Citizenship by Investment Overview
| Aspect | Details |
| Processing Time | 6-9 months from application submission to approval. |
| Visa-Free Countries | Visa-free access to multiple countries, including the European Union, Turkey, and Singapore. |
| Investment Types | Real Estate Investment
Business Investment |
| Investment Amount | Variable, depending on the chosen investment type. |
| Dependent Family | Includes spouse, unmarried children, and parents. |
Georgian Passport Holders’ Advantages
Key Facts:
- The application process is streamlined to ensure efficiency and ease of access.
- Holders of Georgian passports enjoy permanent residency rights, allowing them to live and work in Georgia without any time limit.
- After 10 years of continuous, legal residency in Georgia, individuals may be eligible to apply for Georgian citizenship, subject to certain conditions such as language proficiency and economic contribution.
- The program allows for the inclusion of dependent family members, fostering family unity.
- The CBI Program is open to applicants of all nationalities, promoting diversity and inclusivity.
Global Mobility:
- Georgian passport holders have visa-free or visa-on-arrival access to 122 countries worldwide, including destinations in the Schengen Area, Brazil, and the UAE.
- Access to visa-free travel facilitates international business opportunities, tourism, education, and family visits, fostering global connectivity and cultural exchange.
- The acceptance of Georgian passports in diverse regions enhances opportunities for professional networking, trade, and investment across borders.
Asset Protection:
- Georgia offers a stable legal framework and regulatory environment, providing security and stability for asset management and wealth preservation.
- Georgian passport holders may enjoy diplomatic protection and consular assistance while abroad, further bolstering the protection of their rights and interests.
- Citizenship and permanent residency in Georgia provide robust asset protection benefits, safeguarding investments, properties, and financial assets against potential risks and uncertainties.
Investment Type and Amount
The two methods to gain citizenship by investment in Georgia are:
- Real Estate Investment:
- For a real estate investment of $100,000, investors can obtain a one-year residency permit, enabling them to reside in Georgia.
- Alternatively, by increasing the real estate investment to $300,000, participants can secure a one-year residency permit, which can be converted into a five-year residency permit, providing an indefinite stay in the country.
- Business Investment:
- A $300,000 investment in business ventures grants investors a five-year residency permit, with the possibility of indefinite stay.
Timeline
| Month 1 | The first step is to get the pre-approval on the applicant’s passport history administered by the MICS professional legal team and the Georgia government after having the MICS initial professional fee payment.
The MICS processing team will provide the applicant with a precise list of civil and financial documents required by the government. Once all documents are collected and the file is prepared to be submitted, the government processing fees, due diligence fees, and MICS’s second professional fee will be due. |
| Month 2 – 3 | The completed application will be evaluated for conformity with the Georgia CBI program, and the due diligence procedure will be reported.
If the result is positive, the applicant will be invited to invest by donating to the government or purchasing any government-approved real estate project. |
| Month 3 – 4 | The Certificates of Naturalization will be issued for all family members in the file, and the passport applications will be finalized.
Once the passports are issued, they can be collected in one of the MICS offices or delivered to the applicants. This is when the payment of the MICS professional fee balance will be due. |
Feel free to contact MICS Global and arrange an initial private consultation. During this session, we’ll explore your needs in-depth and offer personalized insights to guide your journey. We look forward to connecting with you.
