Short-Term Residence Permit — Property over USD 150,000

Short-term residence permit is issued to an alien who, in a manner prescribed by the legislation of Georgia, has the title to an immovable property in the territory of Georgia (except for agricultural land) with its market value exceeding USD 150 000 equivalent in GEL, and to his/her spouse and a child/children.

d) Document of title to an immovable property (except for agricultural land) in the territory of Georgia with the market value exceeding USD 150 000 equivalent in GEL;

e) Document proving the market value of an immovable property given in sub-paragraph “d” of this paragraph (market value determined by a certified assessor of a body accredited by the LEPL Unified National Body of Accreditation – Accreditation Center);

The validity of the aforementioned short-term residence permit shall be terminated if the alien’s right of ownership of an appropriate real thing is terminated;

. The validity of a D5 category immigration visa, and a short-term residence permit shall be terminated when the right of ownership of an appropriate real property is terminated.

Short-term residence permit is issued to an alien who, in a manner prescribed by the legislation of Georgia, has the title to an immovable property in the territory of Georgia (except for agricultural land) with its market value exceeding USD 150 000 equivalent in GEL, and to his/her spouse and a child/children.

f) a short-term residence permit provided for by Article 15(j) of this Law may be issued to an alien and its validity may be each time extended for one year.

3. The validity period of temporary residence permits provided for by paragraph 1 (except for paragraphs 1(d 1 ), (e) and (h)) and paragraph 2 of this article may be extended for up to not more than 12 years, for a presumed term of stay of an alien in Georgia, under the same conditions as applied for issuing the permit, the extension of the validity of which is requested by the alien. If an alien maintains the ownership right of a real thing on the basis of which a short-term residence permit provided for by Article 15(j) of this Law was issued, he/she shall be exempt from the obligation to submit a re-evaluation of the market value of the real thing.

The validity of the aforementioned short-term residence permit shall be terminated if the alien’s right of ownership of an appropriate real thing is terminated;

. The validity of a D5 category immigration visa, and a short-term residence permit shall be terminated when the right of ownership of an appropriate real property is terminated.