Mortgage cannot be granted for foreign citizens, but they can avail themselves of payment by installment, provided by construction companies-developers. Almost all construction companies-developers offer installments for a period of 5-36 months and an initial contribution of 20-50% in new buildings.

There are no real estate taxes in Georgia, but there is an income tax payment on sales and renting: Income tax on the rent of non-commercial (residential) real estate is 5%. Income tax on the rent of commercial real estate is 20%. If the resale of non-commercial (residential) real estate is done during two years,…

Electricity: $0,08-0,10/kWh Water: $1,10-1,12/person Gas: $0,25-0,30/m3 Waste service: $1,05-1,10/person Payments to Public Housing and Utilities Unit for house services make $10-15 in a month. Repair and finishing work cost: $130-250/m2. The cost of capital construction: $80-240/m2.

The purchase of constructible land parcel on the coast, acquisition of residential and commercial property and their construction are the most preferable options from investment point view. By the end of a construction, residential and commercial places are realized on 85-90%, practically, on the moment of construct completion almost all spaces are already sold. Named…

Residence permit shall be issued to a foreigner in Public Service Hall (Ministry of Justice of Georgia) and might be issued to 6 years. The cost of registration depends on the time frame: within 10 calendar days: $180. within 20 calendar days: $140. within month: $95. More information can be found on the official website…

Information about doing and registration business: http://investinbatumi.ge/guide.php?id=2 http://psh.gov.ge/main/menus/2 The extract from the Registry of state register of legal entities may review all interested persons and obtain information online on official website Georgian Public Registry: https://public.reestri.gov.ge/