Investment Methods in Georgia
In recent years, Georgia has been the focus of immigrants from all over the world, especially Iranians, due to good tax laws and high investment opportunities. Georgia because of its proximity to Europe, Asia and the Middle East and being in a purely strategic area, is a bridge between these regions. One of the ways to obtain Georgian residency is to invest in Georgia. Here are some tips to help you become more familiar with the different ways to invest in this country.
Types of investments in Georgia include:
1Investment in agriculture and food industry
2. Investing in real estate
3. Company registration in Georgia
4. Invest in Georgia by buying government bonds
5. Various Industries in Georgia
1- Investment in Georgia’s agricultural industry:
According to the Georgian Chamber of Commerce, affiliated with the Georgian Ministry of Economy, investing in Georgia’s agriculture is very beneficial and profitable given its proper climate.
Important factors such as: low agricultural land prices, uniform rainfall throughout the year, abundance of water resources and high quality of soil in Georgia, as well as low prices make all types of energy such as water and electricity and gas, investment in Georgian agriculture highly desirable.
Due to the shortage of water and agricultural problems in Iran and the availability of export conditions from Georgia to Iran as well as the short distance between the two countries, by injecting capital into Georgia’s agricultural sector, Iranian investors can export their produce to Iran. Investors can also use the market to export $ 900 million worth of free trade to Free Trade Zone countries including Turkey, Ukraine and the CIS and the European Union.
Georgia’s hazelnut and walnut have a worldwide reputation. Cucumbers, tomatoes and potatoes are among the most important crops produced in Georgia. On the other hand, setting up a greenhouse for fruit production can also be a good idea to invest in Georgia’s agricultural sector.
It should be noted that in recent years, one of the major obstacles for Georgia to invest in agriculture and animal husbandry has been the passage of the Law on Non-Sale of Agricultural Land to Foreigners. As a result, the only way for foreign investors to enter the agricultural sector is to rent agricultural lands. In this case, the investor must lease the land for a long time, such as 99 years from the landowner, as stated in the contract, which is set forth in Georgian official documents that the land will be rented to the rental investor for 99 years to pay the specified rent.
2. Investment in real estate
Investing in Georgia by buying real estate has become one of the fastest paths to economic growth in Georgia. In recent years, Georgia has seen a dynamic growth of international visitors with annual growth rates of 8 to 10 percent. Applicants can pay $ 35,000 to buy property in the country. After this stage, the buyer will be granted a one-year residency which is renewable annually and after 6 years he will be granted permanent residence. In the following there are some important things to keep in mind.
• The buyer can extend his residence or even sell his property for 6 years. The point is that in order to extend the annual residency, another property worth at least $ 35,000 has to be replaced or should extend the residency through other ways such as working residence.
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• If the property is purchased in installments or the property deed is not prepared, even if more than $ 35,000 is paid, the person will not be granted residence.