Beautiful Georgia beckons foreign investors with some of the world’s most relaxed requirements when it comes to purchasing land/property or starting a business.
Georgia is a developing country that has made notable improvements to its business climate, demonstrated by impressive rankings in a number of international indices. According to the World Bank’s Ease of Doing Business index, Georgia is ranked sixth-best in the world with regard to starting a business and third-best with regard to registration of property.
Georgia has signed Bilateral Investment Treaties with 32 countries and signed a Deep and Comprehensive Free Trade Agreement with the European Union on 27 June 2014. The country also has free trade agreements with Turkey and a number of CIS countries and is a member of World Trade Organization. Citizens of 94 countries enjoy visa-free travel to Georgia and holders of valid multi-entry visas or residence permits from different 50 countries are able to stay in Georgia for up to 90 days during any one-year period.
REGISTRATION OF LAND BY FOREIGNERS
Georgia’s legal framework has made it easy and simple for entrepreneurs and investors to register and transfer property. Any foreigner is entitled to purchase agricultural and/or non-agricultural land without restriction. Government initiatives and decisions of the Georgian Constitutional Court have lifted any limitations with regard to the acquisition of land by non-citizens.