Foreigners can purchase a property in Georgia following the same regulations available for the local citizens. There is no distinction between local and foreign persons wishing to acquire a property here. Foreign businessmen can also purchase a property for commercial purposes, and it is important to know that the procedure is carried through the Ministry of Finance and Economy. Investors who want to open a company in Georgia are advised to start the due diligence procedure and our team of company formation representatives can offer advice and assistance in this sense.
Types of properties in Georgia
Foreigners can purchase a property for residential or commercial purposes. The Ministry of Finance and Economy allows foreigners to acquire lands or lands with buildings.
Businessmen interested in company formation in Georgia can purchase a property where they can develop businesses in the following sectors:
• logistic services.
Those who want to purchase a property in Georgia will need to file an application at the Ministry of Finance and Economy in which they will provide identification details (this is required for both natural persons and legal entities).
Legal entities purchasing properties in Georgia will need to provide information on the company, the company’s directors and the identification code of the business form; our team of company formation agents in Georgia can provide more information on this matter.
Apply at the Ministry of Finance and Economy in Georgia
Foreigners who want are interested in the procedure of company registration in Georgia will need to provide detailed information on their investments carried out on the respective purchased land.
They will need to give information on the business activity, the overall value of investments, but also on the number of persons who will be employed in the company.
Businessmen interested in further information on other legal aspects related to the purchase of a property are invited to address to our consultants in company formation in Georgia.