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Make your home an investment
10.01.2024

Make your home an investment

House - when you hear this word, you feel calm and filled with positive emotions. But before you find a place to call home, there are many steps ahead of you, because when investing in real estate, you need to be sure that you will get the maximum benefit, be able to rent it out at a good price if necessary and get a full return on your investment when you sell it.

Why should you invest in real estate in Georgia anyway? - You will find the answer to the questions in the reasons listed below.

Excellent infrastructure - comfortable living conditions, developed transport and urban infrastructure;

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Ability to obtain residence in the state - a foreign investor who decides to invest $100,000 (equivalent in GEL) to purchase an apartment can obtain a residence permit;

Good business climate - stable business environment, an association agreement with the European Union, low taxes, and liberal economic legislation;

Remote transaction - the law of the country allows people to enter into a contract for the purchase and sale of real estate remotely. The investor can carry out the procedure directly with the help of a realtor, or apply to the construction company - "Solum Development" without an intermediary;

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Low taxes - Real estate taxes are not imposed in Georgia for individuals who are not registered as taxpayers in the country. A natural person pays property tax in Georgia if his/her annual income (means received/declared income in the territory of Georgia) exceeds 40,000 GEL;

Visa-free travel - visa-free travel to 98 countries (EU Schengen countries: Austria, Belgium, Germany, Denmark, Spain, Estonia, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Greece, France, Slovenia, Slovakia, Hungary, Finland, Sweden, Czech Republic. Non-EU Schengen countries: Iceland, Liechtenstein, Norway, and Switzerland; EU Schengen candidate countries: Bulgaria, Cyprus, Romania, Croatia).