Can you buy property in Georgia as a non-resident investor

In recent years, Georgia has become one of the most attractive destinations for real estate investors from around the world. A common question is: can you buy property in Georgia as a non-resident investor? The answer is yes, but with some legal and regulatory details that every foreign investor needs to know before taking the step of purchasing.

Georgia is distinguished by its strategic location between Europe and Asia, and a growing economy that relies on tourism, services, and real estate development. Also, Georgian laws are flexible and allow foreigners to own property in Georgia easily, making it an ideal investment environment.

If you are looking for an opportunity to buy property in Georgia for foreign investors, the market offers you diverse options and unique investment opportunities.

If you would like to learn about the conditions for buying property in Georgia for non-residents, there are clear regulations and simplified procedures that facilitate the ownership process.

This article will provide you with a comprehensive guide covering everything you need to know: from the laws, to the steps of buying property in Georgia for non-residents, passing through investment opportunities in Tbilisi and Batumi, and even the economic advantages offered by the Georgian market.

Can you buy property in Georgia as a non-resident investor?

Yes, foreigners can invest in Georgian real estate even if they are not residents. Non-resident property ownership in Georgia does not require permanent residency or citizenship. Any investor with a valid passport can own property in Georgia with complete ease.

This advantage has made Georgia a preferred destination compared to other countries that impose strict restrictions on foreign property ownership. In countries like France or Germany, you may need residency or company registration, while in Georgia, the procedures are easier and faster.

Foreigners owning property in Georgia

According to Georgian law, foreign ownership of property in Georgia is available for all types of residential and commercial real estate, except for agricultural land.

A foreigner can buy an apartment, villa, office, or store, but cannot own agricultural land directly. However, this restriction can be overcome by registering a local company in the name of the foreign investor to own agricultural land indirectly.

Buying property in Georgia for foreign investors

Buying property in Georgia for foreign investors has become very easy thanks to legal reforms and digitalization in the real estate system. The foreign investor can:

• Choose a property in the capital Tbilisi or in Batumi overlooking the Black Sea.
• Take advantage of lower property prices compared to Eastern European countries.
• Obtain good investment returns through long-term or short-term rentals.

Buying property in Georgia without residency

The most important advantage is that buying property in Georgia without residency is possible and easy. You do not need prior residency or special permission from the government, which makes it an open market.

The investor can buy the property and then apply for residency later if desired, especially if the property value exceeds $100,000 USD, as the government grants residency to real estate investors.

Conditions for buying property in Georgia for non-residents

The procedures are very simple and do not require many legal complexities. The conditions for buying property in Georgia for non-residents are:

1. Valid passport.
2. Sales contract between the buyer and the seller.
3. Registration of the contract in the Georgian National Public Registry Agency.
4. Payment of simple registration fees (approximately $50 to $200 USD depending on the speed of registration).

Conditions for real estate investment for non-residents in Georgia

If the goal is investment, then the conditions for real estate investment for non-residents in Georgia focus on:

• Buying a property of suitable value for investment.
• Ensuring that it is officially registered in the owner's name.
• In the event of purchasing a property with a value exceeding $100,000 USD, the investor is entitled to apply for an annual residency permit that is renewable.
• In the event of investing more than $300,000 USD, the investor can apply for permanent residency.

Law on buying property in Georgia for foreigners

Georgian law is considered one of the most flexible real estate laws in the region. The law on buying property in Georgia for foreigners allows the following:

• Individual ownership for foreigners just like Georgian citizens.
• The right to sell, rent, or inherit the property.
• Registration of ownership within one day in the National Public Registry Agency.
• The only exception: agricultural land. Foreigners cannot own it directly, but they can invest in it through local companies.

Steps to buy property in Georgia for non-residents

The process of buying property for a non-resident investor in Georgia goes through three main steps:

Identify the right property 

Start by looking for an apartment, villa, or office in Tbilisi or Batumi. The most popular options include:

• Buying an apartment in Georgia without residency to invest in tourist rentals.
• Buying property in Tbilisi for non-residents to benefit from economic growth.

Check the official documents 

The Public Registry extract should be reviewed to ensure that the property is free of any disputes or debts.

Sign the contract and register the ownership 

After signing the contract with a notary public, the ownership is officially registered in the National Public Registry Agency. This process can be completed in just one day.

Real estate investment in Georgia for non-residents

The Georgian market offers huge investment opportunities. Real estate investment in Georgia for foreigners generates good returns due to the increasing tourist demand.

Investment advantages

1. Competitive prices: Apartments start from only $40,000.
2. Low taxes: Income tax on rent does not exceed 5%.
3. Thriving tourism market: More than 9 million tourists annually.
4. Flexible legal procedures: No prior residency required.

How to buy property in Georgia for a foreign investor

If you are wondering how to buy property in Georgia for a foreign investor, the best solution is to cooperate with a trusted real estate agency such as Mbany Real Estate, which provides comprehensive services:

• Searching for the right property.
• Negotiating with sellers.
• Reviewing documents.
• Registering ownership in the investor's name.

Buying property in Tbilisi for non-residents

The capital, Tbilisi, is the economic and political center of Georgia and is considered the most attractive for investments.

Buying property in Tbilisi for non-residents gives the investor advantages such as:

• Annual increase in property value.
• Increasing demand for apartments for rent.
• Modern infrastructure and developed services.

Can foreigners buy property in Georgia?

Yes, the law allows it directly. Can foreigners buy property in Georgia? Absolutely, with the exception of agricultural land only. This means that a foreign investor enjoys almost the same rights as a Georgian citizen when buying an apartment, villa, or commercial property.

Frequently Asked Questions: Can you buy property in Georgia as a non-resident investor?

Conclusion: Can you buy property in Georgia as a non-resident investor?

In conclusion, it is clear that the question "Can you buy property in Georgia as a non-resident investor?" holds many positive answers. Yes, you can do so easily. The laws in Georgia are flexible and allow buying property in Georgia for foreign investors without complicated restrictions.

Whether you are looking to buy property in Georgia without residency or want to know about the conditions for real estate investment for non-residents in Georgia, Georgia offers you a golden investment opportunity.

With professional support from companies like Mbany Real Estate, any foreign investor can enter the market with confidence and achieve rewarding returns.