Type of the temporary residency permit: temporary (5 years) - then indefinite
Procedure, timeline/cost:
1. Purchase of real estate for an amount of at least 300,000 US dollars or investment in a Georgian company (including the purchase of shares/shares in the statutory capital of a Georgian company) for an amount of 300,000 US dollars.
2. Registration of real estate ownership/ownership of shares/shares or a new company at the House of Justice: 1 day/300 GEL.
3. Evaluation of the property/shares/shares (certified appraiser): 2 days/500 GEL.
Residency Acquisition:
30 days/300 GEL;
20 days/450 GEL;
10 days/600 GEL.
4. Obtaining a Binadrobis (registration and ID card):
10 business days / 60 GEL;
5 business days / 80 GEL;
3 business days / 100 GEL;
2 business days / 120 GEL;
same day / 150 GEL.
Annually for 5 years, the Investor must demonstrate their business activity and confirm the turnover of the company in which they have invested:
In the first year, the turnover of their investment must be at least 50,000 US dollars,
In the second year - not less than 100,000 US dollars,
In the 3rd-5th year - not less than 120,000 US dollars.
If the investment was made in real estate, it is necessary to annually confirm ownership of real estate valued at 300,000 US dollars (with changes in the real estate composition allowed).
After 5 years, obtaining indefinite temporary residency permit is possible.