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Real Estate in Tbilisi

Real Estate in Tbilisi, Georgia

 

A Comprehensive Guide for Investors and Buyers

Tbilisi, the vibrant capital of Georgia, is quickly emerging as a prime destination for real estate investment. With its rich history, diverse culture, and strategic location, the city attracts investors from around the world. Whether you’re interested in buying, renovating, or developing property, Tbilisi offers a wide range of opportunities for both residential and commercial investments.

In this guide, we’ll explore the real estate landscape in Tbilisi, highlighting property types, services, and key considerations for investors.

Why Invest in Tbilisi?

As the economic and cultural heart of Georgia, Tbilisi boasts a dynamic environment that appeals to investors, expatriates, and tourists alike. The city’s improving infrastructure, favorable tax policies, and growing international presence make it a strategic location for property investment. Additionally, Georgia offers investor-friendly residency and citizenship pathways, adding further incentive for foreign buyers.

Popular Real Estate Investment Opportunities

Investing in Tbilisi’s Real Estate Market

Tbilisi’s real estate market features everything from modern apartments and traditional homes to commercial spaces. The city’s rapid development and relatively low property prices – compared to other European capitals – present strong potential for returns on investment.

Buying a House or Apartment

Whether you’re looking for a luxury apartment in the city center, a townhouse on the outskirts, or a renovated family home, Tbilisi has something to suit every preference and budget. It’s an appealing market for both first-time buyers and seasoned investors.

Diverse Property Options

Tbilisi offers a broad spectrum of real estate:

  • Residential homes and apartments
  • Commercial properties and offices
  • Hotels and guesthouses, catering to the growing tourism sector
  • Non-agricultural land suitable for development

Online property portals provide convenient access to listings and connections with sellers, brokers, and developers.

Renovation and Development Opportunities

Renovation Projects

Tbilisi’s market includes numerous properties in need of refurbishment – ranging from “black frame” (unfinished) to “white frame” (semi-finished) homes. These projects provide opportunities for investors to add value through customization and design.

Fix-and-Flip Ventures

The fix-and-flip model is gaining popularity in Tbilisi. Investors can purchase undervalued properties, renovate them, and resell for a profit. Many local construction companies and renovation teams specialize in this approach.

Essential Real Estate Services in Tbilisi

Successful investment in Tbilisi requires more than just buying property – it involves proper planning, due diligence, and ongoing support. Key services include:

  1. Real Estate Portals & Listings
  • Property websites offer updated listings and connections to local experts.
  • Always visit properties in person before making a final decision.
  1. Property Management
  • For absentee landlords, management companies handle tenant relations, maintenance, and more.
  • A reliable management partner ensures your investment remains profitable and well-maintained.
  1. Valuation & Consulting
  • Professional valuation services provide accurate property appraisals.
  • Real estate consultants guide investors through the buying process, helping to minimize risks.
  1. Architects, Designers & Builders
  • Whether you’re building from scratch or renovating, Tbilisi has skilled professionals to support your project – from concept to completion.
  1. Legal Services 
  • Real estate lawyers ensure transactions comply with local regulations.
  • Legal professionals manage contracts, title transfers, and due diligence.
  1. Renovation & Handyman Services
  • From full-scale renovations to minor repairs, Tbilisi offers a variety of skilled professionals to meet your needs.

Property Types to Consider

Tbilisi’s property market is diverse, with investment options for every style and strategy:

  • Black Frame: Unfinished properties offering full customization.
  • White Frame: Semi-finished, requiring moderate renovations.
  • Green Frame: Nearly complete, with essential utilities installed.
  • Townhouses: Ideal for those wanting a balance of city living and suburban comfort.
  • Luxury Properties: High-end villas and apartments for premium buyers.
  • Renovated Homes: Move-in-ready properties that offer convenience and comfort.

Conclusion: Why Choose Tbilisi for Real Estate Investment?

Tbilisi’s fast-growing economy, modern infrastructure, and favorable legal framework make it one of the most attractive real estate markets in the region. Whether you’re interested in buying, renovating, or developing property, the city presents a wealth of opportunities for long-term growth and profitability.

With the right combination of expert guidance, legal support, and property management, your investment in Tbilisi can be both rewarding and secure. Now is the perfect time to explore this dynamic and welcoming market in the heart of Georgia.

For further information or advice, please contact Archil Mchedlidze

Resident Permits in Georgia

How to Obtain Residency in Georgia via Business or Property Investment


Georgia is rapidly gaining popularity among foreign investors, entrepreneurs, and digital nomads seeking a safe, affordable, and opportunity-rich environment. The country offers several pathways to residency through business activity and real estate investment. Although approval is not guaranteed, the following residency types are commonly accepted and attainable for eligible applicants.

Pathways to Residency in Georgia

Foreign nationals can apply for the following types of residence permits in Georgia:

  • Temporary/Work Residence Permit through business activity
  • Temporary Residence Permit through real estate investment
  • Permanent (Investment) Residence Permit through high-value property investment

Here’s a breakdown of the options available to foreign applicants:

Option I: Residency Through Business Formation

This option is ideal for entrepreneurs and self-employed individuals.

Steps – We assist in:

  • Registering your company
  • Opening personal and business bank accounts
  • Preparing all required documentation

You can choose between two methods for company formation:

In-person: You travel to Georgia and complete the setup yourself.

Remote: You provide us with Power of Attorney (POA), and we complete the process on your behalf.

Residency Requirements:

  • Your company must achieve a minimum 50,000 GEL annual turnover;
  • You must deposit 15,000 GEL in your personal Georgian bank account.

Once these conditions are met, we submit your residency application.

Validity:

  • The initial permit is granted for 6 months to 1 year.
  • After renewal, it may be extended for 1 to 3 years, depending on business performance.
  • Long-term extensions (up to 12 years) are possible with consistent compliance.

Option II: Temporary Residency Through Real Estate Investment

Investment Threshold:

Purchase real estate in Georgia valued at more than 100,000 USD.

Process:

  • We handle all documentation and submit your residency application.
  • You must be the legal owner of the property as an individual (not through a company).

Residency Validity:

Permit is issued for 1 year and can be renewed annually as long as the property remains in your ownership.

Option III: Permanent Residency Through Real Estate Investment

Investment Threshold:

Purchase property worth more than 300,000 USD.

Benefits:

  • The first residence permit is valid for 5 years.
  • After 5 years, you become eligible for permanent residency.

Note: While your investment remains, no renewal is necessary – just update your residency card every 5 years.

Application Logistics and Timeline

You do not need to be in Georgia to begin the process. Through Power of Attorney, we can:

  • Establish your company
  • Open your bank accounts
  • Purchase property on your behalf

However, you must be physically present in Georgia for the final steps of the residency process:

  • Initial visit: Minimum 4-5 working days to submit the application and handle biometric data
  • Total processing time: Approximately 45 calendar days
  • You may leave the country after submission and return later to collect your residency card
  • Final visit (after approval): At least 11 working days to receive your residence card

We will also represent you during any required government interviews through POA.

Georgia’s residency options provide flexible and strategic pathways for foreigners to live and invest in the country. Whether you choose to set up a business or invest in real estate, our team is here to assist with every step – from legal setup to application submission and beyond.

A Final Note: One Strategy Does Not Fit All

While Georgia’s legal residency pathways are well defined, approval is never automatic. Government agencies may request additional documentation or clarification, and even small mistakes can result in significant delays.

That’s why individual planning is essential.

No two cases are alike. Whether you’re an entrepreneur, investor, retiree, or digital nomad, your story is unique – and your residency strategy should be too. Don’t rely on generic guides or cookie-cutter services.

Let’s build your Georgian future together, with a clear, personalized, and proven approach – backed by more than 20 years of experience.

For further information or advice, please contact Archil Mchedlidze

Do You Really Need an Intermediary to Connect with Expert Immigration, Business, or Tax Advisors?

Do You Really Need an Intermediary to Connect with Expert Immigration, Business, or Tax Advisors? 

 

Most of them don’t have any professional licenses, yet they give you tax and legal advice – and you pay for it. If traveling alone were enough, why would legal and tax experts spend hundreds of thousands of dollars on master’s degrees and qualifications to become professionals?

Would you trust your health to a traveler who doesn’t have a medical degree, even if they’ve visited many hospitals around the world? It’s the same in business – and even more importantly, when it comes to your family’s future.

Many of these people buy a few apartments, shoot some nice videos, and suddenly start talking about real estate investment opportunities – all without any professional certification.

Don’t fall victim to marketing and smooth talk.

That’s entirely your choice. However, we’ve seen many so-called “advisors” or bloggers claim things like: “Don’t go to lawyers or accountants, I had a bad experience – come to me instead.” The reality? You often end up paying 10 times more for substandard advice.

Think of it this way: just as bakers bake bread, legal and tax matters should be handled by licensed professionals. And Georgian wine? It can’t be called that if it’s made in Armenia. Authenticity and expertise matter.

Why Do We Focus on Clients from the US, UK, Canada, EU, and Australia?

Our services are results-driven. We’ve achieved a 99% success rate in assisting clients from these countries with immigration, business formation, and opening personal or corporate bank accounts. That said, we’re always open to helping clients from other regions if the legal and business environment allows for it.

How Can We Help You Legally Reduce Your Taxes?

Tax strategies are highly personalized. One approach is registering your business under Georgia’s 1% taxpayer status. Another is obtaining Georgian tax residency – which can significantly reduce your global tax burden.

Here’s how it works:

  • If you’re a high-net-worth individual, you may qualify for Georgian tax residency without

needing to stay in Georgia for 185 days.

  • To qualify, your worldwide assets must exceed 3,000,000 GEL (about 1.2 million USD), or your

annual income must have exceeded 200,000 GEL over the past three years.

  • You’ll also need to own real estate in Georgia valued at no less than 500,000 USD.

In addition, you must meet one of the following criteria:

  • Hold a temporary or permanent Georgian residence permit, or
  • Earn over 25,000 GEL in Georgian-sourced income in a single year.

Since a residence permit is a key requirement, we focus on clients from countries where we’ve had consistent success in obtaining them.

Citizenship Services

We also assist with Georgian citizenship applications. While our most successful results have been with clients from the US and UK, we work closely with each individual to prepare the right foundations -making strategic real estate investments and securing residency permits – so when the time is right, citizenship becomes a realistic goal.

For further information or advice, please contact Archil Mchedlidze

Individual Entrepreneur (IE)

Registering as an Individual Entrepreneur (IE) in Georgia

 

Introduction:

Becoming an Individual Entrepreneur (IE) offers a flexible and straightforward option for starting a business in Georgia. In this article, we will explore the key aspects of registering as an Individual Entrepreneur, including liability considerations, registration procedures, and the possibility of obtaining the status of a Small Business. We will also outline prohibited activities for Small Business status.

Understanding individual entrepreneurship in georgia:

An Individual Entrepreneur is a legal form of business activity where a single individual operates a business. It is important to note that as an Individual Entrepreneur, the person is personally liable to creditors with all of their assets for any obligations arising from their entrepreneurial activities. This means that personal assets can be used to satisfy business debts.

Registration procedures for individual entrepreneurship:

Registering as an Individual Entrepreneur in Georgia involves the following procedures:

Personal visit to georgia:

    • If the client is personally visiting Georgia, the registration process can be completed in two business days;
    • We will assist in drafting the necessary documents and accompany the client to submit them for registration;
    • Once the registration is completed, we will help to prepare and submit documents for opening bank accounts for the Individual Entrepreneur, including internet banking services.

Registration based on power of attorney:

If the client cannot personally visit Georgia, the registration process can be done through a Power of Attorney (POA);

    • The client must provide a notarized and apostilled (or legalized) Power of Attorney;
    • We will handle the necessary procedures for registration based on the provided POA;
    • The registration process typically takes 10-15 business days;
    • After the registration is completed, we will assist in opening bank accounts for the Individual Entrepreneur, including internet banking services.

Status of small business for individual entrepreneurs:

If the expected annual income of the Individual Entrepreneur does not exceed 500,000 GEL, it is possible to obtain the status of a Small Business. This status offers certain tax benefits, including a reduced corporate tax rate of 1% on Georgian sourced income. However, income earned from abroad will be taxed at the regular rate of 20% income tax.

It is important to note that an Individual Entrepreneur cannot be granted the status of a Small Business if they engage in activities that are prohibited for small businesses. Prohibited activities include:

  • Activities requiring licensing or permits (except for activities related to Permits for M1 category of private taxis in the capital of Georgia);
  • Activities that require significant investment, such as the production of excisable goods;
  • Foreign exchange transactions;
  • Medical, architectural, legal, notarial or auditing consulting (including tax consultations);
  • Gambling business;
  • Recruitment services;
  • Production of excisable goods.

Conclusion:

Registering as an Individual Entrepreneur in Georgia provides a straightforward and accessible pathway to start a business. While personal liability is a key consideration, the ease of registration and the possibility of obtaining the status of a Small Business offer valuable advantages. By understanding the registration procedures and adhering to the regulations governing Small Business status, individuals can establish and operate their businesses successfully in Georgia.

Branch Office (BO)

Establishing a Branch Office

in Georgia

 

introduction:

Expanding business operations into new territories is an exciting opportunity for growth. In Georgia, establishing a Branch Office (BO) offers a viable option for companies seeking to establish a presence in the country. This article will delve into the concept of a Branch Office, its characteristics, the process of incorporation, and the required documents for registration. Additionally, we will discuss the liability implications for the founder and the possibility of conducting the incorporation procedure remotely through a Power of Attorney.

understanding branch office in georgia:

A Branch Office is a sub-unit of a business entity that operates as an extension of the head office. It is not a separate legal entity, meaning that the liability of the founder is not limited to the assets of the branch itself. The founder is financially liable for the obligations and debts incurred by the branch. While a Branch Office does not possess separate legal status, it allows companies to establish a physical presence and conduct business activities in Georgia.

incorporation process for a branch office

establishing a branch office in georgia involves the following steps:

preparation of documents:

  • Obtain a decision from the head office of the company regarding the establishment of a Branch Office in Georgia. The decision should be signed by the director or authorized representative of the head office;
  • Obtain a decision from the shareholder(s) of the company regarding the establishment of a Branch Office in Georgia;
  • Secure the consent of the appointed director of the Branch Office;
  • Prepare a Power of Attorney in favor of a trusted representative or service provider for signing and submitting the necessary documents for Branch registration. The Power of Attorney should be signed by the director of the head office.

document submission:

  • Submit the required documents to the registering authorities in Georgia. This can be done through a trusted representative or service provider;
  • The incorporation process typically takes around two business days after the original documents have been received.

required documents for branch office registration:

To establish a Branch Office in Georgia, the following documents must be submitted to the registering authorities:

  1. Decision of the head office regarding the establishment of the Branch Office, signed by the director or authorized representative.
  2. Decision of the shareholder(s) regarding the establishment of the Branch Office.
  3. Consent of the appointed director of the Branch Office.
  4. Power of Attorney in favor of the representative or service provider responsible for signing and submitting the necessary documents.
  5. Passport copy of the director of the Branch Office.
  6. Complete set of corporate documents of the head office, including information such as company name, address, date of registration, registration number, details of the director, shareholder(s), and Ultimate Beneficial Owner(s) (UBO(s)).

All documents mentioned above should be properly apostilled or legalized, depending on the country of issuance.

Conclusion: Establishing a Branch Office in Georgia provides companies with the opportunity to expand their operations and establish a physical presence in the country. While a Branch Office is not a separate legal entity, it allows companies to conduct business activities under the financial liability of the founder. By following the incorporation process and submitting the required documents, companies can successfully establish a Branch Office in Georgia and tap into the country’s dynamic business environment.

Non-Profit Organization (NGO)

Opening non-profit organization

(NGO) in Georgia

 

If you’re considering establishing a charitable organization in Georgia, the first step is to register it as a Non-Profit Organization (NGO) or Charitable Organization. This legal entity is recognized as the most suitable choice in Georgia for ventures focused on humanitarian, educational, healthcare, human rights, environmental, and related areas.

The non-profit advantage:

An NGO in Georgia operates as a non-commercial legal entity, offering limited liability to its creditors, which is confined to its entire property. While an NGO can generate income, founders are prohibited from distributing the company’s profit. Instead, these funds must be reinvested into the activities of the organization, aligning with its charitable mission. Remarkably, an NGO can be established by a single person.

simple incorporation process

One of the attractive aspects of establishing a Non-Profit Organization in Georgia is that no start-up capital is required. The entire incorporation process typically takes only two business days after submitting the original documents.

Company formation options:

client’s visit to georgia:

    • Drafting necessary documents and submitting them for registration in collaboration with the client;
    • Company registration occurs on the next business day after submission;
    • Immediate opening of bank accounts for the company, including internet banking.

power of attorney (POA) handling:

    • Client sends Notarized and Apostilled (or Legalized) Power of Attorney along with a copy of their passport;
    • Drafting necessary documents and submitting them for registration based on the provided POA;
    • Company registration is completed the next business day after submission.
    • The director of the Georgian company issues a new Notarized and Apostilled/Legalized POA for opening bank accounts;
    • Once the original POA is received, business bank accounts are opened for the company, including internet banking.

important considerations

While the process is streamlined, it’s essential to note that banks may request additional information or documents from the client. In such cases, clients are required to provide the requested information promptly to facilitate the smooth establishment of the Non-Profit Organization.

In conclusion, the process of opening a charitable organization in Georgia through the registration of a Non-Profit Organization offers simplicity, efficiency, and flexibility. Whether you choose to personally visit Georgia or opt for a remote approach with the assistance of a Power of Attorney, the goal remains the same — to establish a legal entity dedicated to making a positive impact in various humanitarian and social causes.

Joint Stock Company (JSC)

EXPLORING JOINT STOCK COMPANIES

(JSCs) IN GEORGIA

 

Introduction:

When it comes to establishing a business entity, Joint Stock Companies (JSCs) provide a flexible and advantageous option in Georgia. In a Joint Stock Company, the charter capital is divided into shares, which represent the ownership interests of the shareholders. This article will delve into the concept of a JSC in Georgia, highlighting its characteristics, formation process, and the benefits it offers to entrepreneurs. We will also discuss the requirements, including the number of shareholders and the involvement of Georgian nationals in the company.

Understanding Joint stock companies (JSCs):

A Joint Stock Company (JSC) is a legal entity where the charter capital is divided into shares of equal nominal value. These shares serve as securities, certifying the ownership rights of shareholders over the assets of the company. The liability of a JSC is limited to its total assets, thereby providing a separation between the company’s obligations and the shareholders’ personal assets. Shareholders, as a result, are not personally liable for the debts and obligations of the JSC.

 Advantages of joint stock companies in Georgia?

  • No minimum start-up capital requirement: In most cases, incorporating a JSC in Georgia does not mandate a specific amount of initial capital. This facilitates the establishment of businesses, making it accessible to a wide range of entrepreneurs.
  • Non-resident ownership and management: A notable advantage of JSCs in Georgia is that they can be fully owned and managed by non-residents. There are no requirements for Georgian shareholders or directors, providing flexibility and ease of operation for international entrepreneurs.

process of establishing a joint stock company in georgia:

There are two proposed methods for establishing a JSC in Georgia: personal visitation or utilizing a Power of Attorney (POA) for remote formation. Let’s explore both approaches:

personal visit to georgia:

  • Collaborate with a professional service provider who will assist in drafting the necessary documents;
  • Accompany the service provider to submit the documents for registration of the JSC;
  • The company will typically be registered on the next business day after submission;
  • After registration, the service provider will assist in opening bank accounts for the company, including internet banking facilities.

formation through a power of attorney (POA):

  • Provide a notarized and apostilled (or legalized) Power of Attorney (POA) to a trusted service provider;
  • The service provider will prepare the required documents and submit them for registration on behalf of the client;
  • The JSC will generally be registered on the next business day after submission.
  • Once the company is registered, the director of the Georgian company will issue a new notarized and apostilled/legalized Power of Attorney for opening bank accounts;
  • Upon receiving the original POA, the service provider will proceed with the process of opening bank accounts, including internet banking facilities, for the JSC.

Conclusion: Joint Stock Companies (JSCs) provide entrepreneurs with a flexible and advantageous legal structure for conducting business in Georgia. The ability to divide the charter capital into shares, limited liability protection, and the absence of strict requirements for Georgian shareholders or directors make JSCs an appealing choice. By understanding the formation process and the options available, entrepreneurs can confidently establish their JSCs in Georgia and enjoy the benefits of this business structure.

Limited Liability Company (LLC/LTD)

A GUIDE TO LIMITED LIABILITY COMPANIES (LLCs) IN GEORGIA

 

Introduction:

Establishing a business and choosing the right legal structure are crucial steps for entrepreneurs. In Georgia, a Limited Liability Company (LLC) offers an attractive option due to its convenience and benefits. This article will explore the concept of an LLC in Georgia, its advantages, and the process of forming one. Additionally, we will touch upon the virtual IT zone status and the main taxes applicable to businesses in the country.

Understanding the Limited Liability Company (LLC):

A Limited Liability Company (LLC) is a legal entity that provides limited liability protection to its owners, known as members. In Georgia, an LLC’s liability to its creditors is limited to its assets, offering personal asset protection to its members. Notably, an LLC can be established by a single person, who can simultaneously act as the sole shareholder and director.

Benefits of a Limited Liability Company in Georgia:

Limited liability protection: The primary advantage of forming an LLC is the separation of personal and business assets. Members’ personal assets are generally shielded from business liabilities, reducing personal financial risk.

No minimum capital requirements: In most cases, incorporating an LLC in Georgia does not necessitate a significant amount of start-up capital, making it accessible to a wide range of entrepreneurs.

Process of Establishing an LLC in Georgia:

There are two proposed methods for establishing an LLC in Georgia: personal visitation or utilizing a Power of Attorney (POA) for remote formation. Let’s examine both approaches:

Personal Visit to Georgia:

    • Collaborate with a professional service provider who will assist in drafting necessary documents.
    • Accompany the service provider to submit the documents for registration.
    • The company will typically be registered on the next business day after submission.
    • Following registration, the service provider will assist in opening business bank accounts, including internet banking, for the company.

Formation through a Power of Attorney (POA):

    • Provide a notarized and apostilled (or legalized) Power of Attorney, along with a copy of the passport, to a trusted service provider.
    • The service provider will prepare the required documents and submit them for registration on behalf of the client.
    • The company will generally be registered on the next business day after submission.
    • Once the company is registered, the director of the Georgian company will issue a new notarized and apostilled/legalized Power of Attorney for opening bank accounts.
    • Upon receiving the original POA, the service provider will proceed with the process of opening business bank accounts, including internet banking, for the company.

Virtual IT Zone Company:

For businesses engaged in 100% IT services, such as software development, web design, and SEO, Georgia offers the option of obtaining the status of a Virtual Zone Company. This status entails specific tax benefits:

  • Dividend tax: 5% on income received from outside Georgia.
  • Salary tax: 20% if employees are hired.
  • No company tax: 15%.
  • No VAT (Value Added Tax): 18%.

Main Taxes in Georgia:

It is important to familiarize oneself with the main taxes applicable in Georgia:

  • Company tax: 15%.
  • Dividend tax: 5%.
  • Salary tax: 20%.
  • VAT (Value Added Tax): 18% if the company’s annual turnover exceeds 100,000 Georgian Lari (GEL). VAT applies to the supply of products or services within Georgia.

Conclusion: A Limited Liability Company (LLCs) is an appealing legal structure for entrepreneurs in Georgia. Its advantages, including limited liability protection and flexibility in formation, make it a popular choice. Additionally, the virtual IT zone status provides specific tax benefits for businesses engaged in.