PROPERTY AND REAL ESTATE
Investing in Georgia
Individuals are considered tax residents in Georgia for the whole tax year if they are:
- physically present in Georgia for 183 or more successive days during the 12-month period that a tax return covers (the calendar tax year);
- part of the State Security Service of Georgia (SSSG) and live abroad during the calendar tax year;
- Georgian citizens and apply for residency, provided they are not tax residents in any other country; or
- high-net-worth individuals—an individual whose investible assets exceed GEL 200,000. These individuals can become Georgian tax residents if they:
- prove that their Georgian source income amounts to GEL 25,000 or more per tax year; or
- hold a residence permit or local personal ID cord.
Note: Income (including benefits) that is earned by a Georgian tax resident but is from a foreign source is nontaxable.