To invest in real estate in Georgia, you need to be fully aware of the economic, political and social conditions in this country. As we have described in previous articles about Georgia, the country has a population of 5 million and is known as a unique, liberal, low-tax, liberal capitalist and business system. Georgia, with its growing economic system, has a strategic position in the Caucasus region and is a key investment destination with access to European and Asian markets.
Investing in Georgian real estate
One of the best, easiest and fastest investment opportunities in Georgia is investing in real estate. Georgia has experienced significant economic growth in recent years, That’s why many citizens from other countries, have sought to obtain Georgian residency by purchasing real estate. To purchase real estate in Georgia, applicants must own a property in Georgia for at least $100,000. During the property purchase process in Georgia, applicants are granted one-year residency, which can be extended every year for up to 5 years, and after 6 years, they will be able to obtain permanent residency in Georgia. It should be noted that during these 6 years, if the applicants for investment in Georgia sell their property, they can extend their residence by buying another property of the same value, or by working residence, they can extend their type of residence after sale.
Advantages of investing in Georgian real estate
As you know, the probability of Georgia joining the European Union is very high, and if this is done, the value of your property will increase many times, in addition travelling to Europe will be much more easier when you have Georgian residency. So it is better to act as soon as possible if you have the conditions to buy a property in Georgia. Even if you do not intend to live in Georgia, you can easily rent your property and have a monthly income.
Another important point to keep in mind when investing in foreign countries is the tax in that country, buying property in Georgia does not include paying taxes and the cost of living in this country is very cheap and justifiable.
In addition to receiving your residency in the shortest time you will be able to apply for your family members (father, mother, spouse and children under 18)
After extending your stay every year for 6 years, you can apply for permanent residence with your family.
After buying a property and obtaining a residence permit, you can easily start your desired business and register your company with the lowest possible cost.
If you want to buy property or invest in various industrial sectors, you can contact our experienced experts and consultants in Ava Georgia to get free advice.
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