LEGAL SUPPORT

Support is provided exclusively for sale or co-investment transactions made through our company with verified developers or sellers.

Necessary documents

• Passport or binadroba (ID card)

Service includes

• Verification of the contract for compliance with the customer’s interests and its correctness

• Translation services

• Accompanying the client to the House of Justice or filing a power of attorney

• Receipt of documents

Paid additionally

• Notary services: 50-100₾

• Transaction registration fee: 4 days - 157₾ , 1 day - 277₾, day to day - 357₾

The market value of real estate objects is estimated by an accredited specialist for further provision to commercial entities and public authorities.

Necessary documents

• Real estate registry

Service includes

• Property valuation

• Electronic version of the property valuation

• Print version of the property valuation

Paid additionally

• Input to the valuation for investment LMP: 100

• Photographer fixation: 100

The tax number in Georgia can be obtained free of charge by any foreigner regardless of the existence of the VWP and the status of a tax resident by applying to the Revenue Service on the day of processing. The tax number is required for persons who have acquired ownership of movable and immovable property, such as a car or apartment, to file and pay taxes, as well as persons whose total family income exceeds 40,000₾  per year and is also subject to declaration. The tax number will also be required for receiving parcels in Georgia from abroad for payment of customs duty, receipt of temporary Georgian numbers on a foreign car and other cases.

Necessary documents

• Passport

You will also need a Georgian mobile phone number for further work with the taxpayer’s private office and e-mail address

Service includes

• Accompaniment in Revenue Service

The declaration of property shall be submitted annually by 31 October of the current year by persons whose family income exceeds 40000₾ per year. The declaration is for movable and immovable property, such as a car or an apartment that you owned during a period of time in the past year. The exception is land plots: in the current year, plots of land that have been created or not lost during the current year are subject to declaration. The tax is also payable until 15 November. The rate on real estate objects is not more than 1% of the market value or no more than 1₾ per square meter. m for sites, depending on the location and type of an object. The price is determined by the owner, without the participation of an audit company, however to avoid any questions from the tax authorities, you can order an adequate evaluation of our accredited specialist.

Necessary documents

• Document confirming ownership of property and its value

You will need a tax number and access to your personal account

Service includes

• Consultation

• Completion in and filing the declaration

Paid additionally

• Each additional asset: 20₾

• Valuation of one property: 300₾

• Assistance in obtaining taxpayer identification number: 30₾

The income declaration is submitted annually by 31 March of the current year by persons whose family income exceeds 40000₾ per year. Also until April 15, the tax is paid at a standard rate of 20%, including income from renting out or selling a commercial space, except for some types of income to which a special rate of 5% applies:

• Renting out of premises for residential purposes and provided that the lessor is registered in the lessor’s register (no reduction in costs)

• Vehicle sale

• Interest on loans

• Royalty (for non-residents)

Necessary documents

• Statement on the movement of funds in the bank accounts of the company or limited access to internet-banking

• Primary documentation (contracts, deeds, invoices, cheques) in electronic or printed form

Will also need access to the taxpayer’s private office

Service includes

• Consulta

• Filing tax returns

Paid additionally

• Assistance in obtaining the taxpayer identification number: 30₾

Registration is available for as to citizens of Georgia and foreigners registered at the place of residence. In order to rent the purchased accommodation, registration as an individual entrepreneur is not required. For other purposes, if at the stage of business start-up are not involved third parties such as co-investors for example, it is recommended to register as an individual entrepreneur. This will significantly reduce the costs of doing business and taxes, especially in the initial phase. For some types of business with an annual turnover not exceeding 30000₾, you are entitled to receive the status of microbusiness at a tax rate of 0%, and for transactions between 30000₾ and 500000₾ per year, to receive the status of small business at a tax rate of 1%.

Necessary documents

• Passport or binadroba (card with ID number)

• Statement from the state register of residential or commercial real estate for legal address assignment, for leased premises will require consent of owner (if necessary, legal address can be provided by us at an additional cost)

You will also need a Georgian mobile phone number for further work with the taxpayer’s private office and e-mail address

Service includes

• Registration with government agencies

• Registration of small business consequences (for tax rates of 1%) or with a fixed tax

• Obtaining documents

Paid additionally

• Providing legal address: 100₾

• Transaction registration fee: 1 day - 60₾, day by day - 110₾

Business registration is available for both citizens of Georgia and foreigners. The most popular form of doing business is LLC (Limited Liability Company). Depending on the type of business, corporate income tax varies from 0% to 20%. Enterprises are completely exempt from tax on certain activities in free zones, and there are special tax benefits for IT companies (5% tax), small businesses (1% tax) and maritime transport (5% tax).

Necessary documents

• Passport or binadroba (card with ID number) of each participant and director

• Charter signed by each member

• State Commercial Real Estate Registry Statement for legal address assignment, owner’s consent will be required for leased premises (if necessary, legal address can be provided by us for an additional fee)

You will also need a Georgian mobile phone number for further work with the taxpayer’s private office and e-mail address

Service includes

• Charter

• Translation services

• Registration with state authorities

• Setting up the taxpayer’s office (activities)

• Receipt of documents

Paid additionally

• Providing legal address: 300₾

• Transaction registration fee: 2 days - 110₾, day by day - 210₾

Formation and submission of tax reports, as well as keeping the accounts of SBS (Small Businesses Status).

Necessary documents

• Statement on the movement of funds in the bank accounts of the company or limited access to internet-banking

• Primary documentation (contracts, deeds, invoices, cheques) in electronic or printed form

Will also need access to the taxpayer’s private office

Service includes

• Кonsubite

• Filing of tax returns (reports)

• Information on tax obligations and deadlines

• Processing of messages and requests by tax authorities

Paid additionally

• Report for staff: 100₾

• VAT generation: 350₾

• Accounting (processing of incoming documents, creation of primary documents, execution of bank transfers): from 500₾/months.

Preparation and filing of tax reports, as well as keeping of accounts of LLC (Limited Liability Companies).

Necessary documents

• Statement on the movement of funds in the bank accounts of the company or limited access to internet-banking

• Primary documentation (contracts, deeds, invoices, cheques) in electronic or printed form

Will also need access to the taxpayer’s private office

Service includes

• Кonsubite

• Filing of tax returns (reports)

• Information on tax obligations and deadlines

• Processing of messages and requests by tax authorities

Paid additionally

• Report for staff: 100₾

• VAT generation: 350₾

• Accounting (processing of incoming documents, creation of primary documents, execution of bank transfers): from 500₾/months.

Investment residence permit is issued for 5 years, with the possibility of renewal, to a foreigner who has invested in the economy of Georgia not less than 300000$ or has acquired real estate whose total market value is not less than 300000$. 

Necessary documents

• Documents supporting investments, such as an extract from the state real estate registry

• An audit report from a certified auditor or a market valuation of the property issued by an accredited centre of accreditation by an appraiser

• Written recommendation from a member of the Government of Georgia or three citizens of the country who have representative powers of business entities operating in Georgia, for example from the developer from whom the real estate was acquired

• Passport

• Notarized copy of passport with translation

• Applicant’s questionnaire

• 3x4 color photo (additionally can be provided in electronic form on compact disk in JPG format with resolution of 300 dots per inch)

Service includes

• Verification of documents submitted

• Passport translation

• Audit opinion or valuation of real estate (one property)

• Questionnaire completion

• Client support at the House of Justice

• Monitoring the application

• Submission of additional documents as required

• Monitoring the timeliness of the application review stages

• Obtaining a binadroba (ID card)

Paid additionally

• Valuation of the second and subsequent real estate objects: 350₾

• Notary services: 50–100₾

• Application review fee: 30 days – 300₾, 20 days – 450₾, 10 days – 600₾

• Binadroba production fee (ID card): 10 days – 60₾, 5 days – 80₾, 3 days – 100₾, 2 days – 120₾, 1 day – 150₾⁣

A short-term residence permit is issued for a period of one year, with the possibility of extension, based on ownership of real estate in Georgia with a total value of at least 100000$.

Necessary documents

• Documents supporting investments, such as an extract from the state real estate registry

• An audit report from a certified auditor or a market valuation of the property issued by an accredited centre of accreditation by an appraiser

• Written recommendation from a member of the Government of Georgia or three citizens of the country who have representative powers of business entities operating in Georgia, for example from the developer from whom the real estate was acquired

• Passport

• Notarized copy of passport with translation

• Applicant’s questionnaire

• 3x4 color photo (additionally can be provided in electronic form on compact disk in JPG format with resolution of 300 dots per inch)

Service includes

• Verification of documents submitted

• Passport translation

• Audit opinion or valuation of real estate (one property)

• Questionnaire completion

• Client support at the House of Justice

• Monitoring the application

• Submission of additional documents as required

• Monitoring the timeliness of the application review stages

• Obtaining a binadroba (ID card)

Paid additionally

• Valuation of the second and subsequent real estate objects: 350₾

• Notary services: 50–100₾

• Application review fee: 30 days – 300₾, 20 days – 450₾, 10 days – 600₾

• Binadroba production fee (ID card): 10 days – 60₾, 5 days – 80₾, 3 days – 100₾, 2 days – 120₾, 1 day – 150₾

A work residence permit is issued for a period of 6 to 12 months, with the possibility of extension, to those working in a company whose turnover is at least 50000₾ per year for each registered foreigner, or to persons conducting commercial activities in Georgia, for example, as an individual entrepreneur, whose annual turnover is at least 50000₾. There are exceptions for educational and medical institutions, the annual turnover of which must be at least 35000₾ for each registered foreigner.

Necessary documents

• A document confirming employment in Georgia or an extract from the register of individual entrepreneurs of Georgia

• A certificate of income of at least five times the subsistence minimum of the average consumer in Georgia or an extract from a bank account, the amount of which must be at least five times the subsistence minimum of the average consumer in Georgia every month

• A document on the annual turnover of the enterprise that the applicant founded or where he is employed, in the amount of at least 35,000₾⁠ or ⁠50,000₾⁠ for each foreigner, depending on the type of company

• Passport

• A notarized copy of the passport with a translation

• Applicant's application form

• A 3x4 color photograph (it can also be provided electronically on a compact disc in JPG format with a resolution of 300 dpi)

Service includes

• Checking the submitted documents for compliance with the requirements

• Translation of the passport

• Filling out the questionnaire

• Accompanying the client to the House of Justice or submitting documents by proxy

• Monitoring the consideration of the application

• Submission of additional documents if necessary

• Control over the timeliness of passing the stages of consideration of the application

• Obtaining a binadroba (ID card)

Paid additionally

• Notary services: 50–100₾

• Application review fee: 30 days – 300₾, 20 days – 450₾, 10 days – 600₾

• Binadroba production fee (ID card): 10 days – 60₾, 5 days – 80₾, 3 days – 100₾, 2 days – 120₾, 1 day – 150₾

A study residence permit is issued for a period of 6 to 12 months, with the possibility of extension, to students of authorized educational institutions, such as schoolchildren and students.

Necessary documents

• Certificate of study issued by an educational institution indicating the expected period of study

• Confirmation of income in Georgia of the student or his/her relative or a bank statement, the amount of which must be no less than twice the subsistence minimum of the average consumer for the entire period of the requested residence permit, for example 6000₾

• Passport or birth certificate for minors

• A notarized copy with a translation of the passport or birth certificate for minors

• Applicant's application form

• A 3x4 color photograph (can also be provided electronically on a compact disc in JPG format with a resolution of 300 dpi)

Service includes

• Checking the submitted documents for compliance with the requirements

• Translation of a passport or birth certificate for minors

• Filling out a questionnaire

• Accompanying the client to the House of Justice or submitting documents by proxy

• Monitoring the consideration of the application

• Submission of additional documents if necessary

• Control over the timeliness of completing the stages of consideration of the application

• Obtaining a binadroba (ID card)

Paid additionally

• Notary services: 50–100₾

• Application review fee: 30 days – 300₾, 20 days – 450₾, 10 days – 600₾

• Binadroba production fee (ID card): 10 days – 60₾, 5 days – 80₾, 3 days – 100₾, 2 days – 120₾, 1 day – 150₾

A residence permit for family reunification is issued for a period of 6 to 12 months, with the possibility of extension, to family members of a foreigner who has already received a residence permit. It can be applied for by spouses, parents, children, disabled and incapacitated persons under the care of foreigners with a residence permit.

Necessary documents

• Documents confirming the fact of kinship, such as a birth certificate, marriage certificate

• Proof of income in Georgia of the applicant or his relative with a valid residence permit or a bank statement, the amount of which must be no less than twice the subsistence minimum of the average consumer for the entire period of the requested residence permit, for example 6000₾

• Passport or birth certificate for minors

• A notarized copy with a translation of the passport or birth certificate for minors

• Applicant's questionnaire

• A 3x4 color photograph (can also be provided electronically on a compact disc in JPG format with a resolution of 300 dpi)

Service includes

• Checking the submitted documents for compliance with the requirements

• Translation of a passport or birth certificate for minors

• Filling out a questionnaire

• Accompanying the client to the House of Justice or submitting documents by proxy

• Monitoring the consideration of the application

• Submission of additional documents if necessary

• Control over the timeliness of completing the stages of consideration of the application

• Obtaining a binadoba (card with an ID number)

Paid additionally

• Notary services: 50–100₾

• Application review fee: 30 days – 300₾, 20 days – 450₾, 10 days – 600₾

• Binadroba production fee (ID card): 10 days – 60₾, 5 days – 80₾, 3 days – 100₾, 2 days – 120₾, 1 day – 150₾