Georgia has a liberal immigration policy: it is easy to obtain Residence. The incorporation of a business or the accreditation of a professional activity is enough to obtain a temporary permit. By making an investment of 300 000 GEL, you can be eligible for an unlimited period and become a Permanent Resident.
Tax residence in Georgia is interesting because of its tax system, one of the most painless in the world. It is possible to have a tax-free residence, provided that no georgian source income is earned.
Although local source income is taxed at 20%, dividends and interest are only taxed at 5% and are not included in personal income tax. Taxes on rental income are also reduced (5%).
Georgia is a business-friendly country. Incorporating a business is easy, its registration process fast. Your reinvested profits are tax exempt and those distributed are taxed at 15%. Dividends received from foreign sources are not taxable.
Georgia has a reliable banking system that guarantees confidentiality. Georgia does not participate in OECD commitments in terms of disclosure of banking information. Opening an account is very easy and banks are currently paying good returns on deposits.
Georgia has many assets, the progress of its reforms, its very competitive tax regime, its easy access, its strategic location, its low labor costs and its easy-to-get residence permit make this country an attractive place to invest, develop a business, and diversify its finances.
Residence in Georgia
Nationals of the countries listed below are exempt from visa requirements. It should be noted that citizens of the European Union or Turkey do not need a passport to enter the country, their national identity card is enough.
You can stay on Georgian territory for a period of one year. You are allowed to work and start an economic activity, and apply for a residence permit.
EU States *, Albania, Andorra, Antigua and Barbuda, Argentina, Armenia, Australia *, Azerbaijan, Bahamas, Bahrain *, Barbados, Belarus, Belize, Bosnia and Herzegovina, Botswana, Brazil, British Dependent Territories *, British Overseas Territories *, Brunei, Canada *, Colombia, Costa Rica, Dominican Republic, Denmark Territories *, Ecuador, El Salvador, French Republic, Territories *, Holy See, Honduras, Iceland *, Israel *, Japan *, Kazakhstan, Kuwait *, Kyrgyzstan, Lebanon, Liechtenstein *, Malaysia, Mauritius, Mexico, Moldova, Monaco, Montenegro, Netherlands *, New Zealand *, Norway *, Oman *, Panama, Qatar *, Russia, Saint Vincent and the Grenadines, San Marino, Saudi Arabia*, Serbia, Seychelles, Singapore, South Africa, South Korea, Switzerland*, Tajikistan, Thailand, Turkey, Turkmenistan, Ukraine, United Arab Emirates*, United States of America* and Uzbekistan.
Getting a residence in Georgia is relatively easy. Once a job is obtained, an investment made, start an economic activity, you can apply for the Residence permit. The application and the required documents must be submitted in Georgian, English or Russian.
There are several types of residence permits. The three main ones being those related to work, investment and Permanent Residence permits.
The Georgian passport has become very attractive. Following the agreement that entered into force in 2017 between the European Union and Georgia, Georgian citizens can access the Schengen Space without having a visa.
In addition, citizens of Georgia do not need a visa to travel to a large area of Latin America, Malaysia and Indonesia, among others. (More information on passport.io/georgia.). Being Georgian has become an interesting passport option.
In addition to blood ties, it is technically possible (under certain conditions) to obtain citizenship after having been a resident of the country for at least one year under a new decree also dated 2017. We will advise you on this point.
According to more standard procedures, a foreigner may apply for citizenship in Georgia if he/she meets the following requirements:
We advise you on how to obtain Resident Status and residence permit.
We assist you in all the procedures for obtaining Resident Status for you and your family, Registration of your application, renewals, etc. of your residence permit.