Residence Permits in Georgia
Georgia offers different forms of residence permits. Based on real estate you can get different type of residence permits with different validation period.
Benefits of Georgian Residence Permit
- You can stay and live in Georgia for a long time without the requirement of crossing the border
- You can apply for other country visas from the territory of Georgia
- You can cross Georgian border with your car
- You have simplified Governmental and banking procedures
- You have possibility to get residence permits for your family members
- Tax Benefits
Foreigners residing in Georgia for at least half a year automatically become tax residents, because Georgia employs a territorial tax system. Namely this means the country taxes its residents on Georgian-sourced income only. So, the government will not tax you on your rental income, dividends, capital gains abroad, or any business that you possess abroad. Even then, you pay the lowest tax rates in the world for your locally generated income. - Ease Of Doing Business Environment
According to the World Bank, Georgia ranks 7th in the world for ease of doing business. A minimal number of required procedures for registering a company, low tax rates, and an amazing banking system are cornerstones of the country’s ability to make business easy
Types of Residence Permit
Temporary Residence Permit
Valid for: 1 Year (With the possibility of extension for another year within 10 years period. After that you are eligible of permanent residency)
Requires: More than 100 000 USD investment
Investment Residence Permit
Valid for: 5 years (With the possibility of getting permanent residency after 5 years)
Requires: More than 300 000 USD investment
