Temporary Residence in georgia with property purchase
Temporary Residence in georgia with property purchase
Obtaining Georgia residency by buying property is one of the best ways to stay in this country.
According to the latest Georgia immigration law, foreigners can obtain temporary residence in georgia with property purchase (other than agricultural land) worth at least US $100,000. The point is that the total value of the purchased properties must be $100,000 US, which means, for example, you can buy a property worth at least $100,000 or buy 3 properties worth about $35,000 to reach the quorum. You should also note that the criteria of the Immigration Department for obtaining temporary residence in georgia with property purchase is an official evaluation by an appraiser approved by the government of this country.
We suggest you read more about value property in Georgia
Georgia residency by purchasing property is temporary and its duration is 1 year, which can be extended at the end of each period. They just should make sure you still own the property worth at least $100,000. Note that your residency in this case is temporary and you must submit all your documents again every year as a new application to receive it.
Read more about permanent residence in Georgia with property purchase
Steps for obtaining Georgia residency by buying property
After visiting the areas of the city and its properties and choosing a property that suits your budget and taste, meet with one of the lawyers of SisnoGroup Company and the seller who is a construction company or a natural person at the "Public Utilities Office" where all real estate transactions are registered and held in Georgia. After transferring the money in cash or by deposit to the seller's account, it is time to sign the documents and request the issuance of the property document. You can request the issuance of the document of your purchased property for that working day or 24 working hours later or 4 working days later, and the fee you pay to receive the document in these conditions will be 300 GEL, 220 GEL and 75 GEL respectively. After the property document is prepared, it is time to evaluate the purchased property by an official appraiser approved by the Georgian government and for this purpose, some pictures of the property, the document and the translation of the passport into Georgian are needed. Your assessment is generally ready within 24 working hours. After evaluating the property, we can submit your request to receive Temporary Residence in georgia with property purchase to the Georgian Immigration Department. We can also choose the time of receiving the accommodation answer, which is one of 3 cases: 10 days with a payment of 600 GEL, 20 days with a payment of 450 GEL, and 30 days with a payment of 300 GEL.
to buy or rent home you can use Georgia Real Estate Search Engine
Documents required to obtain temporary Residence in georgia with property purchase
- 1
The presence of the applicant (buyer)
- 2
Carrying the original passport
- 3
The form completed by the lawyer
- 4
Official translation of the passport into Georgian (done in Georgia)
- 5
Clean record certificate
- 6
Photo (taken at the Public Utilities Office of Georgia)
- 7
Property document
- 8
Property evaluation documents
- 9
The payment of government fees (the same amounts as explained above)
Once you have received a positive response to your residence in Georgia through the purchase of the property, you will be required to issue a residence card, which requires that your presence be completed within 10 business days of your residence card being issued. Once you have received a Georgian residence permit, you can obtain a temporary residence permit with property purchase for your spouse, children under 18, and your parents. .
Documents required to obtain temporary Residence in georgia with property purchase for family members
- 1
The form completed by the lawyer
- 2
The payment of government fees (explained above)
- 3
A copy of the positive answer for residence or a copy of the residence card of the person holding the residence
- 4
The original passport and the official translation of the passport in Georgian (done in Georgia)
- 5
The certificate of relationship between the applicant and the resident
- 6
Clean record certificate for people over 14 years old
- 7
The presence of the applicant
- 8
Property document
Learn more about Georgia residence guide for children over 18
Important: You do not need to re-evaluate your property to get residence for relatives.
Frequently Asked Questions About Georgia residence with property purchase
1Is it possible to get a Georgian residence with the purchase of land?
Yes, you can get Georgian residency by purchasing non-agricultural land worth at least $ 100000, but you cannot obtain Georgian residency by purchasing agricultural land.
2 Is it possible to get two-person accommodation by buying a property worth more than $ 200000?
Yes, by buying property at such a price you can get two separate documents (two three-tangled documents) and two people can receive the residence, which they can do for their family members as well. As described above, they apply for a residence permit.
3 Is it possible to obtain a Georgian residence by purchasing an apartment or shop that does not have a segregated document (separate property code)?
)? No, you can only stay on a property purchase that has a separate document. Please note that residential or commercial units that have not yet been separated from the original document of its parent document cannot be accommodated, so be sure to note that, with the presence of experienced Sisno Group lawyers, we check all the documents at the time of purchase.
4 What is the criterion for calculating property prices when granting a residence purchase?
The Immigration Criterion is an evaluation by an official assessor and your purchase amount is not an Immigration Criterion to determine the amount.
5 Can a property purchase be obtained by buying a property in the name of the company?
No, you can apply for a residence permit not a legal entity.
