Georgia has a reliable banking system that guarantees confidentiality. If after 5 years, the applicant does not sell the real estate, they will be granted with a Permanent Residence Permit of Georgia.Investment in a Georgian Company:- The applicant registers a Company in Georgia through the help of our service partner in Georgia.- The applicant makes an investment of USD 300,000 in his/her Company (for example through buying real estate, issuing loans, putting money on the Company’s term deposit, etc. Flag Theory is an internationalization and offshore solutions provider, and the creator of residencies.io, Your privacy is important for us and we will keep your information secure. Residence in Georgia for study or medical treatment and employment at diplomatic and equivalent representative offices in Georgia is not included in this period. Receive regular, specialized articles from FlagTheory.com on internationalization and business-driven structuring intelligence directly to your inbox. Permanent residence permit goes to an alien who has been residing for the past 6 years based on temporary residence permit in Georgia. Foreign national employees must meet the qualifications for one of the following categories: Taxes on rental income are also reduced (5%). This applies to both temporary and permanent residence permits in Georgia. If required, we may introduce you to our network of financial advisors and real estate developers in Georgia to find the most suitable investment option. Its capital, Tbilisi, is home to one third of the country's total population. Georgia permanent residence. Over the last ten years or so, Georgia the pearl of the Caucasus, surrounded by mountains, has initiated a series of deep reforms of its economy. Georgia doesn’t have a minimum residency requirement, which poses a legal loophole for both parties. 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. You can obtain a work Residence if you work in one of the Georgian or international companies operating in Georgia, officially and legally.. Anyone who has stayed a period of 6 years in Georgia with a temporary residence permit may apply for a permanent residence permit. Foreigners and members of their families can become permanent residents of Georgia after they invest no less than approximately US$172,000 in the … That will need to be arranged separately, either independently by the applicant or through another service provider that we can suggest. You get it between 10 days and a month. How to open a corporate bank account remotely in Georgia, Why and how opening a bank account in Georgia, Why opening a multi-currencies bank account, Why Setting up a company in a free zone of Georgia. Residence permit for investment purposes considered as a legal opinion or tax advice and should not be relied upon as such. Far Horizon Capital Inc., and any Georgia Permanent Residence A permanent residence permit is issued to a spouse, parents and children of a citizen of Georgia; also to a foreign citizen who, based on a temporary residence permit, has lived in Georgia during the preceding 6 years. Getting a residence in Georgia is relatively easy. The period of residency work is between 6 months and may extend to 5 years, according to the decision of the Georgian Immigration Administration. You should manage yourself to obtain any type of Georgian visa and come to Georgia. Investment residence permit, permanent residence permit, and residence permit of stateless person are issued for an indefinite term. (More information on passport.io/georgia.). Georgian residents are … Register a Company in Georgia; Obtain a Georgian Residence; Legal services in Georgia; Invest in Georgia; Banking and financial services; Corporate Legal Services; The cost of our service in Georgia; Costs; News. Apply for Georgian citizenship according to the extraordinary procedure: an foreigner may apply for georgian citizenship in an extraordinary procedure which is granted by the President of Georgia under Article 12 of the Constitution, if the applicant has a special merit or represents a special interest for the State. Permanent residence permit is also issued to an alien who has been residing for the past 6 years based on temporary residence permit in Georgia. 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. Anyway, after living in Georgia for 6 years you can acquire permanent residence in the country. … You can stay on Georgian territory for a period of one year. Temporary and Permanent Residence allows the holder to stay in Georgia throughout the duration of the residence period granted. this website. 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