Investment Residence Permit — USD 300,000 Investment

Investment residence permit is issued to an alien and his/her family members, who has made an investment in Georgia in accordance with the Law of Georgia on Promotion and Guarantees of Investment Activity, or who has the title to an immovable thing in the territory of Georgia in a manner prescribed by the legislation of Georgia.

d) Document evidencing at least USD 300 000 investment made in Georgia (audit report by a certified auditor) or a document of title to an immovable thing (except for agricultural land) in the territory of Georgia, with the market value exceeding USD 300 000 equivalent in GEL;

An alien holding an investment residence permit shall, in the case of making an investment, during the period of his/her holding the investment residence permit, submit to the Agency, annually until the expiry of each year of the investment residence permit validity, information from the Legal Entity under Public Law – the Revenue Service on the annual turnover of the entrepreneurial activities he/she has carried out in Georgia.

The validity of an investment residence permit shall be terminated if an alien has no proof of the annual turnover of at least USD 50 000 equivalent in GEL during the first year of the entrepreneurial activities he/she has carried out in Georgia; the annual turnover of at least USD 100 000 equivalent in GEL during the second year, and the turnover of at least USD 120 000 equivalent in GEL during the third, fourth and fifth years.

For the purposes of this subparagraph, family members of an alien shall be: his/her spouse, a minor child, and a fully dependent beneficiary of support or a disabled person, and a fully dependent person recognised as legally incompetent under the procedure established by the legislation of a country in question;

To obtain an investment residence permit, family member of an alien holding an investment residence permit shall submit the following documents to the Agency:

e) an investment residence permit provided for by Article 15(h) of this Law may be issued to an alien for a term of 5 years.

To obtain the Residence Permit  for indefinite stay an alien holding an investment residence permit granted on the basis of an investment made in the amount of USD 300 000 equivalent in GEL for 5 years shall submit the following documents to the Agency before expiry of a 5-year term of an investment residence permit:

d) Information on the turnover during the fifth year after issuance of an investment residence permit proving the turnover of at least USD 120 000 equivalent in GEL during the fifth year of an alien’s entrepreneurial activities in Georgia;

g) a permanent residence permit provided for by Article 15(g) of this Law and an unlimited residence permit provided for by Article 15(k) of this Law shall be issued with the right of permanent living;

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.