What other major conditions apply, how is the status obtained, and what renewal, document-validity, retention or loss rules matter?
Before the 5th year of the investment permit ends, applicants apply to the Agency with a Public Registry certificate showing 5 years of ownership; the investment permit stays valid until the decision. The official source does not state card validity or loss rules for the unlimited permit once granted.
See recorded sources
Limits of the record- No rule found on card validity or loss of the unlimited permit once granted.
- https://www.matsne.gov.ge/en/document/view/2278806?fullscreen=1&impose=parallelEn
and an alien to whom an investment residence permit has been issued on the basis of his/her having ownership of an immovable thing worth of USD 300 000 equivalent in GEL, shall, before the fifth year of the investment residence permit validity expires, apply to the Agency and submit a certificate from the Legal Entity under Public Law – the National Agency of Public Registry (‘the Public Registry’) concerning the immovable thing he/she has had ownership of during the 5 years cumulatively
- https://www.matsne.gov.ge/en/document/view/2278806?fullscreen=1&impose=parallelEn
6. If an alien holding an investment residence permit applies to the Agency for an unlimited residence permit, he/she shall retain the investment residence permit until the Agency makes an appropriate decision.