Georgia

A small country to the east of Turkey, Georgia is a special place linking the cultures of Europe and Asia. While not yet a member of the EU, residents of Georgia can still travel to the EU for 90 days and access unique geographical markets. 

Home to stunning natural landscapes, such as the Caucasus Mountain villages as well as the Black Sea beaches, residents not only enjoy the distinct flair of the country but also an economy that is rapidly progressing. How do you get Georgian citizenship? The country offers a Citizenship by Investment program that makes it an ideal location for relocation and business.

Why Choose Georgia?

As a free trade regime, Georgia has access to a large, growing market that is not subject to CIS and EU customs tax. Taxes on individual and business residents are low and the country is politically stable. Low corruption and new interests in major economic investments in the country make this small country a desirable place for investors to benefit from a Georgian passport.

The price of the Georgia Citizenship by Investment program is one of the cheapest out there and is comparable in advantages to other similarly-priced programs often found in the Caribbean. Business and travel routes are well connected to Europe, Asia, and Russia, providing a welcoming gateway to sought-after markets.

Beautiful Natural Landmarks

Generous, Understandable People

Territorial Tax System

Very Low Cost of Living

Great Value on Real Estate

Country Profile

Short History: Located on the eastern banks of the Black Sea, Georgia is a country known for its ancient civilization. There have been populations living in the region since nearly 2 million years ago, some of the oldest civilizations found within Eurasia. Georgia is often cited as the “First Europe.” 

With it comes a long, rich culture with a distinct alphabet and the oldest wine region worldwide. Those familiar with the Silk Road will enjoy exploring the heart of the trade route that ran right through Georgia. Since being an independent republic, to a part of the Soviet Union, to once again returning as a sovereign nation in 1991, Georgia has steadily developed into a modern country with many benefits for foreign nationals interested in residing close to Europe, Asia, and Russia.

Taxes: There are only six main taxes imposed in Georgia. Corporate tax is 15%. Personal income tax is 20%. Residents pay on worldwide income and non-residents pay on income sourced within the country. VAT is 18%. The import tax ranges from 0-12%. There is no property tax except on rental income, which is less than 1%. Excise duties are only imposed on certain goods, such as gas, alcohol, and automobiles. There are also several tax incentives for businesses to reduce tax rates on certain business activities.

Advantages & Disadvantages: The lifestyle and monetary advantages of Georgia really make Georgian residency and citizenship a standout in Europe. The cost of goods and services is quite cheap, even with luxury goods. The process to open bank accounts, buy a car, or start a business is stress-free. 

Low taxation helps to stretch money out further and opportunities to invest in business or real estate ensure that foreign nationals can make more income. While the country is not as developed as other parts of Europe and the language is difficult to master, Georgia is quickly improving its industries and infrastructure. It is also more difficult to reach tourist destinations within the country, but this is made up by the close and cheap proximity to other global travel hotspots.

Languages: The official language is Georgian. However, a foreign national can get by knowing Russian in Batumi and English in Tbilisi. If a foreign national is interested in becoming a citizen, they will need to pass a language test as well as a basic law and history test.

Healthcare: Expats are not covered under Georgia’s healthcare system, thus receive no subsidized or free services. While Georgia is expanding many areas of its economy and development, healthcare services are still being improved and are not yet at the same level as the rest of Europe. There are plenty of affordable healthcare insurance companies to choose from and purchasing a comprehensive policy is a necessary part of life in the country as a foreign national.

Retirement: There are no specific retirement programs in Georgia, but the affordable cost of real estate investment as an option for residency makes it an ideal location for retirement. Further, the cost of living is low, banks offer a high interest rate of 9.5%, and the tax system makes retirement money go a long way compared to other retirement destinations.

Come to Georgia

With stunning natural landscapes and fascinating cultural heritage, Georgia is not to be missed. Our professionals can assist you in discovering this hidden gem!

Highlights

Eurasian Destination

Business opportunities are plentiful through the Georgia Citizenship by Investment program as the location of the country is well connected to Europe, Asia, and Russia. Business investors and entrepreneurs can make the most of this strategic hub while saving on taxes and the cost of living.

Travel Access

Another advantage of the Georgia Citizenship by Investment program is that there are many wonderful sights to see in Georgia, but the country is also convenient for those wanting to be close to many other top tourist destinations.

Lowest Cost Citizenship Program

Applying for Georgian citizenship is incredibly affordable and comes with many long-term financial benefits such as low taxes and cheap real estate options. The cost of living in Georgia is relatively affordable compared with other European cities and there are options to make money on real estate investment in Georgia.

Dual Citizenship Allowed

Another benefit of this Citizenship by Investment program is that foreign investors can maintain their other citizenship. The law of Georgia allows for dual citizenship, which means foreign nationals are able to have more freedom and security with a second passport.

Developing Economy

The territory of Georgia remains politically stable and has continued to develop the economy rapidly. Investments through the citizenship program have also contributed to a flourishing market and improvements across all sectors of Georgian life.

Easy Company Formation

Business investors and entrepreneurs will also find that it is fast and easy to set up a business in Georgia. Many bureaucratic procedures can be done in a day and in some places in Georgia, the process is similar to a café-style system in which civil servants come to you over coffee to sign important documents.

Variety of New Accommodations

As Georgian society continues to improve with new investments, the real estate market is also experiencing a boom. There are lots of new properties being developed and prices are still much cheaper than real estate in other parts of Europe.

Schengen Zone Access

The acquisition of Georgian citizenship comes with the additional advantage of being able to travel visa-free to the Schengen area. Currently, 111 countries have visa-free perks for Georgian citizens.

No Additional Family Member Costs

One unique aspect of applying for Georgian citizenship is that, unlike other programs, there are no further costs for additional family members on the application. This makes the program one of the most cost-friendly programs in Europe.

What Are the Requirements?

Included in the application, an applicant must have:

What Are the Requirements?

Included in the application, an applicant must have:

Golden Visa Georgia Citizenship Program

So how do you get Georgian citizenship? The process is quite straightforward and hassle-free! Best of all, there are several options for investors to choose from. The fastest option is to make an exceptional donation to the state of Georgia. However, other options include investment for residency permits, that over time can lead to the granting of Georgian citizenship. Family members are allowed on the application, which includes spouse and children under the age of 26. In cases of residency, parents are also allowed.

The entire process takes less than 6 months to complete, depending on the investment route.

Citizenship by Exception

With a one-time sizable donation to the state of Georgia that demonstrates a willingness to contribute to the development of the state, a foreign national is granted a Georgian passport by the President of Georgia as well as any additional family members without the cost of added on fees. Family members allowed on the application are spouse and children under the age of 26. Most often, the sum of the investment donation is around 300,000 USD.

Real Estate Residency

A one-year residency permit will be granted to foreign nationals who purchase a property of at least 100,000 USD. This can be a combination of investment properties as long as the total meets the minimum of the program. After 5 years, a foreign national can apply for permanent residency and after 10 years apply for citizenship.

Investor Residency

Through the investor option, a foreign national must make an investment of at least 300,000 USD in Georgia or own 300,000 USD in real estate property to receive a temporary 5-year residency card. Business activity must be released to the appropriate government bodies and show an annual turnover of at least 50,000 USD in the first year, 100,000 USD in the second year, and 120,000 USD for the remaining years. If property ownership is part of the initial application, the property must be maintained for the entire five years.

While this is a temporary residence permit, there is a high likelihood of it leading to permanent residency after the 5-year period. After 10 years, citizenship application is possible.

Consultation

3-4 days

Property Selection and Purchase

3-4 days

Document Preparation, Application Submission, Pay Investment Funds

3-4 days

Approval of Application

up to 6 months

Costs at a Glance (Real Estate Option)

Georgia Investment Residency and Citizenship Program

Real Estate Investment Property: 100,000 USD
VAT: 18%
Property Tax: 0%
Rental Revenue Tax: <1%
Registration and Immigration Fees: approx. 15,000 Euros
ROI Estimated (rented out): 8.1-10.2%

Total: 100,000 USD + Fees (Legal and application) + VAT

Find out more about the Georgian citizenship!

Whether you are looking for Georgian citizenship or residency, the programs provide excellent access to diverse markets in key international regions and a range of benefits for investors and their families. 

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