Georgia: Georgia: Investment Residence Permit
The Investment Residence Permit allows investors and their family to move to Georgia.
Benefits
- Bring family
- Relatively low investment required
- Long-term validity
- Low local tax (1% up to $155,000 per year in income)
- Low cost of living
- Easy to start a business
Introduction
The Republic of Georgia is an emerging travel hot spot, and travelers flock there for historic architecture and churches, unique food, and plentiful outdoor activities like hiking and skiing in the Caucus mountains. Georgians are renowned for their hospitality and friendliness, and lingering over meals with friends and drinking the local wine is one of the joys of living there. In fact, Georgian’s winemaking traditions are recognized by UNESCO as among the world’s oldest.
The simplicity of registering a business and the low tax rate make the Republic of Georgia an attractive choice for investors.
Internet Speed
Fixed broadband: 26.80 Mbps download/28.09 Mbps upload
Mobile: 38.29 Mbps download/13.22 Mbps upload
Cost of living
No. 132 globally
Requirements
$91,000 invested in real estate
Or
$91,000 invested in a business that has $50,000 turnover in the first year, $100,000 in second year, and $120,000 in third, fourth, and fifth years
Fees
- Fees and other costs start at $55
Application Process
Contact your local Georgian embassy or consulate for instructions. You may also apply from within the Republic of Georgia at the governmental agency at 2 Sanapiro Street, 0114, Tbilisi, Georgia.
Documents Required
- Completed application form
- Copy of passport
- Copy of document establishing that the applicant is staying in Georgia legally
- Document from auditor certifying the investment
- Recommendations from a government member or 3 qualified citizens
- Passport photo
- Receipt of payment of visa fee
Other documents may be requested.
