Invest in Georgia real estate
Real Estate and Hospitality are one of the fastest growing sectors of Georgian Economy.
Over the recent years Georgia has seen a dynamic growth of international visitors, in 2015 the number of international visitors reached 5.9 million while the population of Georgia is 3.7 million people.
Number of international tourists’ arrivals is expected to grow by 8-10% during the next five years (Source: Colliers International Georgia, Hospitality & Real Estate Sector Research 2015).
Why invest in Georgia?
Georgia is known for the filming location of Gone With The Wind, Stone Mountain, peaches, the beautiful Atlanta skyline, and single family rental opportunities.
A wide variety of industries are powering the Georgia economy including manufacturing, textiles, transportation, agriculture, and tourism. With one of the fastest growing economies in the nation, it is no wonder that over twenty Fortune 500 companies call the “Peach State” home such as Home Depot, UPS, Coca-Cola, Delta, Aflac, HD Supply, and SunTrust Banks.
Benefits of Investing in Georgia:
Affordability, Constantly Increasing Tourism Numbers, High Occupancy Rates, Lack of Competition, Incredible Rental Yields, Capital Gains Potential, No Barriers to Foreign Buyers, No Property Taxes, Liberal Visa Regime, Permanent Residence Possibility
While the diversity of industries is a positive sign of a growing economy, this is further verified by the major employers in Georgia and the state’s massive $435 billion GDP. These employers include the state of Georgia, Fort Benning, Wellstar Health System, Emory University, Lockheed Martin, and the Georgia Power Company.
Investors are looking toward Georgia for real estate opportunities because of the healthy economic conditions, which in turn bring skilled workers to the state.
Do you plan to invest in Georgia real estate?
Foreigners have exactly the same rights as Georgian citizens when they want purchase residential property. There are no special requirements for foreigners and there are no additional taxes either. The only documents required to become the owner of a property is a copy of your passport and the property certificate purchase.
The registration is done very quickly. The registration of your property is done almost immediately and costs nothing in 4 working days. Otherwise, the express procedure that definitively registers your property the same day will cost you more.
Investing in Georgia real estate will allow you to obtain Georgia residency.
All real estate sales in Georgia are made in full ownership and you can buy in your own name. However, it is also possible for a foreigner to set up a company under Georgia law to own property in the country, which may be very practical from a tax point of view.
As with residential real estate, the same applies to the purchase of commercial real estate such as hotels, shops, restaurants, offices, etc. There are no restrictions in Georgia.
Georgian permanent resident permit by investing in georgia real estate
Georgia is an ideal choice for second home! The cost of living here is the lowest in Europe and the climate and local hospitality are two more reasons why you should consider moving to Georgia.
Anyone investing $35,000 or more in real estate has the opportunity of receiving Permanent Residence in Georgia – receiving all of the same benefits as native Georgians.