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Residency and Citizenship in Georgia Through Real Estate

Why Georgia Is a Rising Destination for Investors and Residents

Georgia offers a strategic location between Europe and Asia, a simplified tax system, liberal visa policies, and a fast-growing real estate market. Foreigners are drawn to cities like Tbilisi, Batumi, and Kutaisi for their affordability, lifestyle, and investment potential. Georgia is one of the few countries where real estate ownership directly qualifies investors for temporary or permanent residency without bureaucratic complexity.

Residency Options Based on Property Investment

Foreign nationals who purchase property worth at least 100,000 US dollars in Georgia are eligible for temporary residence permits. The permit is typically issued for one year and can be renewed annually as long as the investor retains ownership. For investments above 300,000 US dollars, a permanent residence permit may be granted after further evaluation. Ownership must be registered officially, and the property must be free of debt or legal encumbrances.

From Temporary Stay to Permanent Residency and Citizenship

After six years of legal residence under a temporary or permanent permit, a foreigner can apply for Georgian citizenship by naturalization. The process requires basic knowledge of Georgian language, history, and legal systems, as well as proof of integration. Dual citizenship is possible in limited cases but must be approved by presidential decree. For investors, consistent property ownership and residence strengthen their case for long-term legal status.

Application Process and Documentation

Applicants must provide proof of property ownership, a valid passport, health insurance, and a clean criminal record. Applications are submitted through the Public Service Hall or online portal. Review times are short — often less than 30 days — and legal residence can begin almost immediately after approval. Family members may be included in the same application, and dependents qualify for residence under the same conditions.

Tax Benefits, Lifestyle, and Expat Conditions

Georgia has one of the most favorable tax regimes in the region. There is no property tax for personal use real estate below certain thresholds, and capital gains tax may be exempt if property is held for more than two years. The country offers high-speed internet, low costs, growing healthcare services, and visa-free access for citizens of over 90 countries. Tbilisi combines European-style living with regional charm, while Batumi offers coastal appeal and tourism-driven rental income.

Real Estate Market and Investment Scenarios

Property in Tbilisi starts from around $50,000, while new developments in Batumi or resort areas may range between $60,000 and $200,000. Rental yields average 5 to 8 percent, with strong demand for both short-term and long-term rentals. Many investors use real estate not only for income but also to secure residency, resell at capital gain, or hold assets in a politically neutral and investment-friendly environment. Foreigners can buy, sell, and repatriate profits freely.

Course on tourism

The most important factor in the growth of the construction sector and, as a consequence, the Georgian real estate market today is the diversification of the country’s economy across target sectors. Georgia has great potential for the development of tourism of all types all year round, regardless of seasonality, the country has great development potential in this direction.

“The key direction for the development of Georgia’s economy in 2024 is tourism. Tourism income for 2023 amounted to about $3 billion. Statistics of the tourist flow to Georgia show that the first three places are occupied by Russia, Turkey and EU countries, respectively. Many of the world's leading hotel chains and apartment complexes with all the necessary infrastructure are represented in the country. A tourist should feel comfortable in Georgia!” - clarifies the head of analytics and investment unit VelesClub Int. Ksenia Shamitko.

The Government of Adjara plans to open about 30 gambling centers in a short period of time and make Batumi a global gambling hub, which will naturally attract an additional flow of tourists from all over the world. In its advertising campaign, the Autonomous Government focuses not only on attracting tourists, but also investors for the opening of large hotels, shopping centers and casinos. Today, a distinctive feature of Batumi casinos is that the establishments’ staff speak Russian, Georgian, English and Turkish.

High potential for starting a business

“The Georgian government is making a lot of efforts to compete with popular offshore jurisdictions. The country has good laws, relatively low tax rates and pleasant benefits for IT business. These are the factors that make Georgia an attractive place for business relocation” - General Managing Partner of VelesClub Int. Sergey Tumanov.

Entrepreneur registration includes state and tax registration. Entrepreneurial activity is considered a legal and non-recurring activity that is carried out for the purpose of making a profit. A legal entity is registered with the Ministry of Justice of Georgia - the National Public Registry Agency.

Labor relations with a foreigner who does not have a permanent residence permit in Georgia and the implementation of paid labor activities are subject to regulation by law. A foreigner legally residing on the territory of Georgia has the right to carry out paid labor activities with a local employer.

The best areas of Georgia for investment

According to statistics, in Georgia the most real estate is sold in Batumi and Tbilisi. Other locations in Georgia are also in demand, especially the mountain resort villages of Gudauri and Bakuriani.

Particular attention should be paid to the Batumi real estate market. The city is growing, investments and prospects are growing. Be sure to invest in projects from well-known developers and management companies, branded properties with guaranteed returns under the personal management of the brand.

According to VelesClub Int. analysts, profitability in branded complexes can reach up to 23-24% per annum in USD, and the occupancy rate can be about 67% per year.

Apartments in Batumi have a developed infrastructure, their own management system, world-class services, quick payback, relatively low prices, a good business climate, a variety of branded properties, and a stable tourist flow.

“Enlist the support of leading companies in the global real estate and investment market and Batumi will become an ideal place for you to diversify your portfolio and build up your investment potential.” – Sergey Tumanov summarizes.

Any real estate investment requires evaluation and balance, and complete trust in market experts. A team of experienced managers at VelesClub Int. I am always ready to answer all your questions and accompany you at all stages of the transaction and subsequent reinvestment and diversification of your investment portfolio.