Living in Georgia can be a rewarding experience for expats. There are various types of resident permits available to suit different needs. Each permit offers its own set of benefits, from access to public healthcare and education to the ability to work and travel freely within the country. It is important for expats to familiarize themselves with the different types of resident permits available in order to make an informed decision about which one would best suit their needs.
Types of Residence Permits
Work Permit
Working internationally can be a great way to experience different cultures, make valuable connections, and expand one’s career. Companies must meet certain requirements in order to qualify for a work permit for their international employees. In Georgia, companies must have a minimum annual turnover of 50,000 GEL in order to be eligible for getting a work permit for the employee. These permits are issued based on employment contracts, ownership of an LLC, or individual entrepreneurs.
Temporary Residence Permit
Georgia offers an attractive investment opportunity for those seeking to stay in the country for more than 90 days but less than one year. Individuals can obtain a Temporary Residence Permit by investing a minimum of $100,000 USD in real estate. This type of permit grants foreign investors access to various benefits, including the ability to live and work in Georgia without having to obtain additional visas or permits, financial incentives, tax breaks, government grants, and other advantages.
Permanent Residence Permit
A Permanent Residence Permit (PRP) is granted to individuals with an investment of $300,000 USD or equivalent in gel and who have the intention of residing in Georgia for a long duration. The validity of the permit is contingent upon the continual upkeep of a 300,000 USD investment. Initially, this investment-related residence permit is valid for a period of five years. Compared to the 100k investment option, this residency option offers an expedited process of acquiring a long-term residence permit, reducing the waiting time from 10 years to just 5. The principal applicant and related family members (spouse & minor children) can benefit from temporary residency lasting up to five years straight away.
Benefits
What is included in the package :
Acquiring a resident permit in Georgia is often a daunting and time-consuming process, as it involves several documents & processes. Our team of experienced lawyers can help make this process simpler and more efficient for you.