How to buy land in Georgia for a foreigner, land lease rules in Georgia, business in Georgia
To become the owner of a successful business in Georgia, or just successfully invest, purchase land in Georgia. Find out all the possibilities of acquiring land and real estate for a foreigner in Georgia from this article! Follow the link right now, we will tell you all the secrets of a successful business in Georgia!
Find out how to buy land in Georgia⬇️
Acquisition real estate in Georgia it gives foreigners a chance to obtain a residence permit and citizenship of the country in the future. Add to this the growing cost per square meter, prospects for investors in the tourism sector, and get the ideal country for investments.
Buy a property in Georgia for a foreigner much easier than earth. With a successful combination of circumstances, which we will discuss below, you will receive a plot that does not require payment of utilities or related expenses. The land will remain untouched until you decide to invest in the construction of your enterprise.
Agricultural land in Georgia. Who has the right to purchase?
It is strictly forbidden to sell agricultural land to foreigners in Georgia, but it is not prohibited to rent out. Even if your legal spouse is a citizen of Georgia, this ban continues to apply.
The only way for a foreigner to get full ownership of agricultural land is inheritance. But even in this case, you will have to start working on it within three years. Otherwise, it must be sold or given to the state.
It is easier for foreign owners of companies to buy land, but at the same time, more than half of the shares or shares of such a company should belong to citizens of Georgia. Particularly large projects receive approval directly through the government.
Приглашаем для общения про Грузию
Land Lease Rules in Georgia
In order for a foreigner to become a full owner of land in Georgia, it is enough to acquire ownership of it or obtain the right to use it.
The opportunity to acquire ownership of land in Georgia for a foreigner is through:
- auction or tender;
- heritage;
- purchase directly from the previous owner;
- permission from the state.
Do not forget to take your passport with you, pay the state fee and register it at the House of Justice. The registration time can take up to six months or even more, it depends on the time of passing each of the stages:
- preparation of a package of documents for the formation of the request;
- obtaining a cadastral number;
- obtaining approval from the owner of the property or land plot;
- drawing up a contract with the owner;
- conducting an auction, tender or other procedures;
- signing the contract;
- registration of documents and entering data into the Public Register.
When choosing land in Georgia, pay attention to the fact that some lands cannot be transferred to ownership under any circumstances. These include highways and roads, water and marine objects, underground fossils, cultural and historical buildings, pastures and pantheons.
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