It’s going to get harder for foreigners to get residence permit in Georgia
14 August, 2018
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia. Lawmakers plan to change the law and a draft of the new law has already been prepared.

According to the current law, a person can be granted the right of residence if they make an investment of not less than 300 GEL or they buy real estate that is worth a minimum of $35,000. The draft law increases the amount of an initial investment to $300 000.
The price for purchase of real estate would rise to $100,000. Moreover, if a foreigner invests in Georgia, they will not receive permanent rights of residence – it will expire after 5 years and will only continue after that if they continue to invest in Georgia At that point they could be granted permanent right of residence.
Chinese tourists taking selfies in Tbilisi. Photo courtesy:

Citizens of 95 countries can arrive and stay in Georgia for up to a year without a visa. A person is perceived as an immigrant if they stay in Georgia for 183 days in the last 12 months and have spent 183 days in other countries in previous 12 months.

Based on this definition, in 2016 there were 90 228 immigrants in Georgia. Between 2012 and 2016 34 024 real estate properties were registered to foreign citizens.

From those nationalities who buy real estate in Georgia, 53% of them are Russians and they occupy the first place. Then come citizens from the Ukraine, Armenia, Azerbaijan, and Israel. Between 2012 and 2016 70,508 foreigners were granted a right of residence. In 2017 their number reduced because of simplifying the right to stay in Georgia Visa-free. Citizens of Azerbaijan occupy the first place among them who received the right of residence. Then come Russia, Turkey, Armenia, Ukraine, India, China and Iran.
Muslim tourists in Georgia in national dresses. Photo courtesy: Vano Shlamov

The majority of labour residence permits are mostly granted to the citizens of Turkey, India, China, Ukraine and Iran. Permanent residence rights are granted mostly to the citizens of Azerbaijan, Russia, Armenia, Ukraine and Turkey. Educational residence permits are mostly granted to the citizens of India, Iraq, Nigeria, Azerbaijan and Turkey. Due to family reunification residence rights are mostly granted to the citizens of Azerbaijan, Russia, Armenia, Ukraine and Turkey.

Between 2012 and 2016 only 9,408 applications were rejected. This equated to 12% of the total number of applications.
Indian tourists in Sighnaghi. Photo courtesy:

One of the initiators of the draft law and a lawmaker Ilia Tsulaia says that it was conceived following an incident when it was discovered that one flat was being used by 10 or 15 foreign families to try and get permanent residence rights- by cheating of course. A foreigner would by a flat and receive residence rights, then they would re-register it to the other family and they would receive the right of residence as well and for as long. So the idea of a draft law is to avoid such accidents and deter foreigners from cheating the State. He says that if one buys real estate and they re-register it to someone else, they will lose their right of residence automatically.

Soso Archvadze, another initiator of the draft law emphasizes that a state should protect the rights of its citizens and entrepreneurs and this should not be perceived as a xenophobic act, but as an action to protect interests the State’s market.

First photo courtesy:

Related stories:

Other Stories
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
Toyota Safety Sense and Hybrid Technology
Toyota Caucasus, has presented two new models the 5th generation RAV4 and the 12th generation Corolla at Rustavi International Motorpark, several days ago.
Bidzina Ivanishvili “became number one oppressor of businesses in Georgia” - ICC Georgia chairman Fady Asly
Mr. Ivanishvili promised the business community to protect them from harassment and pressure, unfortunately his words died with the sunset of that day
The best brands of Belarus will be exhibited on a large-scale exposition in Tbilisi
"The Belarusians like to come to Georgia to relax near the sea in Batumi as well as to stay in sunny Kakhetia."
Don’t treat business like a hooker! - Georgian businessman Vasil Soprpmadze addresses politicians
Businessman Vasil Sopromadze, founder of the company "Fresco", addresses politicians
RAV4 No Compromise and Corolla Set to Impress – Two New Cars Presented by Toyota
Toyota Caucasus, the company constantly aspiring to greatness, has presented two new models the 5th generation RAV4 and the 12th generation Corolla.
Mamuka Khazaradze quits TBC bank, does not sell the TBC Bank share
I made a decision to leave TBC bank where I spent 27 years of my life
10 Reasons to buy an apartment in the suburbs
There is a tendency for Tbilisi dwellers to move from central parts of the capital to the suburbs.
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
The New York Times: Bitcoin declines but Georgia still bet on it
The New York Times has recently published an article about reasons, challenges and causes of generating Bitcoin in the former Soviet country Georgia.
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
GEL Exchange Rate
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
April 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30