Benefits of investing in real estate in Georgia
If to consider the most popular tourist places - Batumi and Tbilisi - it should be mentioned that the owner of the real estate can earn from several thousands to several tens of thousands dollars every year. In order to make money, you must decide which option suits you best.
At a mature age, people are increasingly thinking about investing in a profitable business. There are several reasons for this: first, the business can be passed on to children. Secondly, the investment will begin to pay off, you will receive an income, and therefore the work can be put on the back burner. Thirdly, by investing in real estate in Georgia, your children can spend time at the seaside. And another reason is that Georgia is a safe country. It is easy to do business here, so the prospects for investing in the country are more than rosy. Let's take a closer look.
How to make money?
Not only companies can invest in real estate, but also individuals. If to consider the most popular tourist places - Batumi and Tbilisi - it should be mentioned that the owner of the real estate can earn from several thousands to several tens of thousands dollars every year.
In order to make money, you must decide which option suits you best.
The first option - the purchase of apartments with subsequent surrender. Popularly villas and apartments in the capital of Georgia, as well as apartments in new buildings in Batumi. In this case, you can invest in real estate, and the management company will be engaged in finding tenants and renting it out.
The second option is to buy a property at the stage of construction and its subsequent sale. Accordingly, the ready-made housing will cost more.
If the first option is a priority, we should note that it's best to choose among the residential complexes with modern infrastructure. To rent out the apartment is easier and more profitable if the complex has restaurants, swimming pools and gyms.
The third option is to invest in commercial real estate. As an option, you can choose warehouse space. There is virtually no competition in this segment.
Not only companies can invest in real estate, but also individuals. If to consider the most popular tourist places - Batumi and Tbilisi - it should be mentioned that the owner of the real estate can earn from several thousands to several tens of thousands dollars every year.
In order to make money, you must decide which option suits you best.
The first option - the purchase of apartments with subsequent surrender. Popularly villas and apartments in the capital of Georgia, as well as apartments in new buildings in Batumi. In this case, you can invest in real estate, and the management company will be engaged in finding tenants and renting it out.
The second option is to buy a property at the stage of construction and its subsequent sale. Accordingly, the ready-made housing will cost more.
If the first option is a priority, we should note that it's best to choose among the residential complexes with modern infrastructure. To rent out the apartment is easier and more profitable if the complex has restaurants, swimming pools and gyms.
The third option is to invest in commercial real estate. As an option, you can choose warehouse space. There is virtually no competition in this segment.
Property registration in Georgia
World Bank Doing Business says that Georgia is a leader in the number of real estate transactions. The formalities procedure does not take much time and the investor only needs to have a passport in order to close the deal. Once the contract with the developer is signed, the name of the new owner is entered into the state real estate registry.
The investor will also need to pay a fee for the registration of ownership. You can invest in real estate remotely, make a transfer via an online banking application, and receive documents electronically.
World Bank Doing Business says that Georgia is a leader in the number of real estate transactions. The formalities procedure does not take much time and the investor only needs to have a passport in order to close the deal. Once the contract with the developer is signed, the name of the new owner is entered into the state real estate registry.
The investor will also need to pay a fee for the registration of ownership. You can invest in real estate remotely, make a transfer via an online banking application, and receive documents electronically.
Additional advantages
If the purchase amount is 100 thousand dollars or more, the owner gets the right to a residence permit. To confirm the value is usually asked not only the sales contract, but also the conclusion of the appraisal service. This will also ask for confirmation that you work and live in the country for at least six months.
If the purchase amount is 300 thousand dollars and above, then the permanent residence permit is issued for 5 years. After that, the investor can get permanent resident status. During this period, the property should remain in his possession.
If the purchase amount is 100 thousand dollars or more, the owner gets the right to a residence permit. To confirm the value is usually asked not only the sales contract, but also the conclusion of the appraisal service. This will also ask for confirmation that you work and live in the country for at least six months.
If the purchase amount is 300 thousand dollars and above, then the permanent residence permit is issued for 5 years. After that, the investor can get permanent resident status. During this period, the property should remain in his possession.
Taxes
The success of a business depends on the tax laws, and Georgia has created the most attractive conditions for investment. The legal framework provides for minimal taxes on the purchase of real estate.
Our company employs professional and experienced lawyers. If you are interested in buying real estate in Georgia for a living, contact us and we will take care of all legal matters.
More about taxes
Invest in your future and enjoy life!
The success of a business depends on the tax laws, and Georgia has created the most attractive conditions for investment. The legal framework provides for minimal taxes on the purchase of real estate.
Our company employs professional and experienced lawyers. If you are interested in buying real estate in Georgia for a living, contact us and we will take care of all legal matters.
More about taxes
Invest in your future and enjoy life!
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