Temporary Residency Permit In Georgia Country:
renewable one year

Following different paths, as an Individual, you can obtain a temporary residency permit in Georgia Country for your family, spouse, and dependents in Georgia. Suppose you are planning to move to Georgia or are already here and are hoping to switch from a visa to a residency permit; several types of temporary residency permits in Georgia country are available :

• Based on your work. You will need to provide an employment contract.
• Based on entrepreneurial activity in Georgia. You will need to register as an Individual Entrepreneur or be an LLC owner.
• Through a Real Estate Investment & property purchase or
• Through Business Investment in your Company registered in Georgia.

Temporary Residency Permit In Georgia Country, Through Real Estate Investment

Buying real estate in Georgia opens the doors to becoming a legal resident in Georgia. According to the rule established by law, a short-term (1 year) residency permit in Georgia Country is issued to an individual (and his family members, meaning dependants/spouse/husband) who is the owner of immovable real estate property (except for agricultural land), which market price is above USD 100 000 equivalent in GEL. It can be a single property or a portfolio with a total value exceeding the threshold.

To Apply For A One-Year Investment Residency Permit In Georgia Country That You Can Renew Yearly

Buy A Non-Agricultural Real Estate Property

A building land, an apartment, a commercial area, etc., in Georgia with a market price of more than USD 100,000. If necessary, we can introduce you to our network of real estate agents in Georgia to help you find the most appropriate investment option.

Open Your Personal Bank Account In Georgia

You have to deposit a minimum of GEL 15 000 (approx $5000) in your bank account and get a bank account statement (this amount covers the annual minimum cost of living in Georgia, which is GEL 1200 / month ). You can release and use this money after submitting the residency permit application.

The Property Audit Document

Get the appropriate audit document of your property through the help of an auditing company. This document certifies USD 100,000 investment in real estate.

A Few Things To Know About A Temporary Residency Permit In Georgia Country

Duration Of Validity Of The Residence Permit

Temporary Residence Permits Are Issued For 6 To 12 Months. You may then extend it for an additional period of 1 to 11 years. We will assist you with the renewals.

The Process Timeline

Applying, getting residency approval, and collecting Resident Card takes 20 to 45 calendar days. You can leave Georgia after applying and return after getting approval for residency.

Get Residency Permit In Georgia Country For Your Family

After you get the Georgian Residence Card, your spouse, husband, and children are eligible for this Residence Permit.

Get A PERMANENT Residency Permit In Georgia Country

A temporary residency permit may be extended for 1 to 11 years. Still, the total validity period of a temporary residence permit in Georgia cannot exceed 12 years. After ten years, you would be able to apply for permanent residency.

Temporary Resident Permit In Georgia Country (1 Year), Through Business & Work

Work Residency Permit In Georgia Country

A work residency permit in Georgia is granted to individuals coming to Georgia due to their entrepreneurial or labor activities.: A Temporary residence permit is issued to people (employee, entrepreneur, and freelancer) who will carry out business or work, both for their accounts and others.

• The applicant must have an employment contract with at least six months remaining. This rule applies even if you are the owner of the LLC (Limited Liability Company) that employs you or an Individual Entrepreneur (IE). With a minimum GEL 1200 / month salary

• OR, the applicant must have sufficient personal funds for the duration of the residence permit (the duration will be 6 to 12 months for the first permit and up to 11 years for future permits). These funds cover the minimum cost of living in Georgia, which is currently 1200 GEL/month.

• The Georgian Company’s turnover (within the last 12-month period) of the sponsoring LLC or IE should exceed 50,000 GEL for each foreigner (director or employee) employed in the business.

Business Residency Permit In Georgia Country

Or you shall incorporate your own business/company, which generates an annual turnover of at least GEL 50,000. To apply for a Business Investment Residency Permit, which can be renewed yearly:

Register Your Business

You shall register your business / Company in Georgia and become a shareholder or director of this Legal entity. Thanks to a Power of Attorney, you can do this incorporation remotely before visiting Georgia. (Please read our Company Formation Overview).

Invest In Your Georgian Company

You will need to invest GEL 60 000 (USD 20,000) in this Company (buy materials, rent office agreement, issue loans, money in the Company’s term deposit account, etc.). You shall prepare the appropriate audit report with the help of an auditing company. You shall provide this Audit with evidence that the investment amount exceeds USD 20 000.

Turnover

Before the residency application, you must deposit GEL 15,000 in the Company’s bank account. You can release and use this money after submitting the residency permit application. Afterward, for the renewal, the Government of Georgia will ask for an annual turnover of at least GEL 50 000 within the last 12 months.

Open Your Personal Bank Account

You shall open a personal bank account in Georgia and deposit a minimum of GEL 15000 in your bank account (this amount covers the annual minimum cost of living in Georgia). You can release and use this money after submitting the residency permit application.

A Few Things To Know About A Temporary Residency Permit In Georgia Country Through Business & work Activity

Duration Of Validity Of The Residence Permit

Temporary Residence Permit In Georgia Country trough business activity & work is issued For 6 To 12 Months. It may then be extended for more than 1 to 11 years. Still, the total validity period of a temporary residence permit in Georgia cannot exceed 12 years. After ten years, you would be able to apply for permanent residency.

The Process Timeline

Applying, getting residency approval, and collecting Resident Card takes 20 to 45 calendar days. You can leave Georgia after applying and return after getting approval for residency.

Get Residency Permit In Georgia Country For Your Family

After you get the Georgian Residence Card, your spouse, husband, and children are eligible for this Residence Permit.

Get A Permanent Residency Permit In Georgia Country

A temporary residence permit may be extended for 1 to 11 years. Still, the total validity period of a temporary residence permit in Georgia cannot exceed 12 years. After ten years, you would be able to apply for permanent residency.

Do You have to be in Georgia to apply for a temporary residency permit in Georgia Country?

For first-time residency applications, you must be in Georgia, and your current permit/visa must have at least 40 days of validity before applying. It can be done online from outside Georgia if you are making a permit renewal.

Can you organize family reunification residency permits?

Yes. If you are interested in this service, please book a free consultation, and we can provide a price based on your exact needs. Typically the price is the same as for the work residence permit for the principal applicant and is discounted for each additional applicant.

How can I prove the turnover of my LLC or my Individual Enterprise?

Copy of your VAT turnover statement issued by the Revenue Service. If you’re not registered as a VAT payer, the Revenue Service can give a similar document. The Bank statements of your LLC Corporate Bank Account. For IE’s, you can provide your bank account statement showing your turnover. Happy Georgia in-house team will handle your residency permit in Georgia Country. Work Permit based on employment, entrepreneurial activity, or business investment, our team will be pleased to help you get a residency permit in Georgia Country for you, your family & dependents. Please get in touch with one of our advisers.