For investors looking for an accessible entry point into the Georgian market, the Short-Term Residence Permit is an ideal solution. By investing in the country’s thriving real estate sector, global citizens can secure legal residency for themselves and their immediate families.
Financial Requirements and Criteria
The primary requirement for this residency track is the ownership of real estate within Georgia:
• Minimum Value: The property must have an officially appraised market value of at least $150,000 USD.
• Property Type: Any non-agricultural land, residential apartment, commercial space, or villa qualifies.
• Family Inclusion: The main applicant can include their spouse and dependent children under the same investment.
Renewal and Longevity
The short-term residence permit is initially issued for a period of 1 year. To maintain and renew the status, the investor must fulfill these simple conditions:
• Maintain Ownership: Retain ownership of the property or replace it with another property of equal or greater value.
• Annual Renewal: Submit a renewal application 45 days before the current permit expires.
• Transition to Permanent Status: After 10 years of continuous legal residence, investors may apply for permanent residency or citizenship.
Why Expert Legal Guidance Matters
While the process is designed to be efficient, ensuring the property is properly appraised by a certified expert and navigating the Public Service Hall filings requires precision. A minor documentation error can lead to unnecessary delays or rejections.
Secure your asset and your residency simultaneously. Contact our certified property and legal team to view pre-vetted, residency-qualified real estate options.