Guide: How to buy property in Georgia as a foreigner (step by step)
Posted by elsongroup@reddit | expats | View on Reddit | 3 comments
I've helped several friends and clients navigate buying property in Georgia, so I figured I'd share the process since it comes up a lot.
Can foreigners buy? Yes. No restrictions. No residency needed. No special permit. Full ownership rights identical to Georgian citizens.
The actual process: 1. Choose property (can view remotely via video) 2. Sign preliminary agreement (Power of Attorney works for remote buyers) 3. Transfer funds to escrow 4. Sign final contract 5. Register at Public Registry � same day
Total timeline: 1-3 days in person, 1-2 weeks remotely.
No lawyer required (but recommended). No notary required. No government approval.
Compare this to: - Turkey: 3-6 months - Portugal: 2-4 months - Greece: 2-3 months - Spain: 2-3 months
Tax situation: - 0% VAT on purchase - 0% capital gains after 2 years - 5% rental income tax - 0% inheritance tax
Banking: You can open a bank account with just a passport in about 1 hour. Major banks: TBC Bank, Bank of Georgia.
Residency: Property purchase of $100K+ qualifies for temporary residence permit.
Feel free to ask anything � I know this market well.
No_Peach_8768@reddit
Thank you for sharing. Is it possible to buy an property with cash?
WireApps@reddit
UAE visa options depend on your situation:
Investor/employment visa (2yr) - you get this automatically when setting up a company or getting hired. Renewable as long as the company/job is active.
Golden Visa (10yr) - for AED 2m+ property investors, or qualifying professionals (doctors, engineers, scientists, researchers), or startup founders who've had a successful exit. Much more stable.
Freelance visa - available through specific freezones (Fujairah Creative City, UAQ, SHAMS). Lets you work self-employed without needing a full company. Cheaper than a full freezone setup - typically AED 7-12k/year all in.
Full breakdown with costs and eligibility at uaeroadmap.com/residency-visa/uae-visa-types-explained/
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