How property-based residency works
The logic is simple: when you purchase property worth from USD 100,000, you gain a basis for a residence permit. A short-term permit is issued for up to a year and renewed while you retain ownership. The investment permit carries broader rights and is chosen by those viewing Georgia for long-term investment.
Why this route is popular
Transparency — property is a tangible, understandable asset. Dual benefit — money doesn't disappear on fees but becomes property you can rent or sell. Growing market — resort and capital locations are attractive for rentals. Family — status can often be extended to close relatives.
Residence permit for pensioners
A separate category exists for pensioners. The key difference from the investor route: the basis is not the investment amount but proof of stable income or savings sufficient to live without employment. In practice, pensioners often combine both approaches: buying a home and confirming income. This gives both a roof overhead and secure status.
What to consider before buying
Verify the property valuation — the $100,000 threshold is based on official appraisal. Check legal title — confirm ownership and absence of encumbrances. Calculate total ownership costs — taxes, utilities, rental management. Don't forget liquidity — choose a location with demand. Remember the link between status and ownership — selling the property removes the basis for your permit.
Step-by-step procedure
1. Define your budget and goal. 2. Select a property from $100,000 with verified valuation. 3. Perform legal due diligence and close the deal. 4. Register ownership in the public registry. 5. Apply for a residence permit through the Public Service Development Agency (House of Justice).
FAQ
What is the minimum amount for a property-based permit?
The baseline threshold is property valued from USD 100,000 by official appraisal.
Will the permit remain if I sell the property?
The short-term property-based permit is tied to ownership, so selling removes the basis for the status.
Does this route work for pensioners?
Yes, pensioners often combine property purchase with income confirmation — a convenient combined scenario.
Can I rent out the purchased property?
Yes, many investors earn rental income, especially in tourist locations.