According to a study by Forbes magazine, Georgia ranks 9th in the world among the countries with the lowest taxes. There is no real estate tax for non-residents. It is not even necessary to come to Georgia to buy real estate: a deal can be drawn up with the help of a trustee, not being in Batumi.
Tourism potential
In 2018, more than 9.5 million tourists visited Georgia - this is more than twice the population of the country! And the annual increase is 23% compared with the previous year. indicators will continue to grow, the number of tourists in the coming years will reach 11 million people per year and surpass it.
The safest country in Europe
Georgia is in the TOP 5 in the world and the first in Europe in terms of security according to the security index from NUMBEO. In a poll on trust in police officers, incidents of attacks and a sense of security, Georgia scored 87 out of 100 among 142 countries.
Japan is the leader in the world ranking, followed by Qatar, Singapore, the United Arab Emirates and Georgia in the top five. From neighboring countries: Armenia ranked 15th, and Azerbaijan 26th.
Residence permit in Georgia
You can get a residence permit in this country by investing $ 100,000 in Georgian real estate. You can apply for a residence permit not only for yourself, but also for members of your family, people who are fully dependent or in charge. Agree to have a residence permit in a country that has a visa-free regime with Europe - this is not a bad bonus for acquiring your own corner of happiness at sea.
Simplicity of real estate registration
By the simplicity of real estate registration, Georgia is in the top five and takes 4th place in the world. Only 15 minutes + your passport. It takes from 1 to 4 days to register a property in the public registry.
Free spheres in the market and weak competition
A large number of unoccupied niches and the lack of serious competition in many areas of business are another important advantage of Batumi as a developing city.
Simplicity of doing business
Georgia takes the 1st place in Europe and the 6th place from 190 countries in the ranking of Doing Business-2018 business simplicity, ahead of the USA, Germany, Great Britain, Russia, which is in 31st place.
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Law supremacy
According to the World Justice Project, Georgia ranks first among countries in Eastern Europe and Central Asia in the rule of law index.
Reliable investment in Georgia
A number of laws have been adopted in Georgia to ensure the security of real estate investments. In the conditions of instability with the banking system, real estate investment is becoming an increasingly attractive tool. High profitability along with high profitability is demonstrated by investments in the objects of residential complexes in Batumi.
Which well-known foreign companies are already doing business in Georgia?
Roman Lashkhia
Hotel Business Expert-Representative – Sales Manager
The presence of such companies on the local market indicates an excellent investment climate and simplicity of doing business, as well as the absence of corruption. Currently, there are 10 international hotel chains operating in Georgia, 52 hotels of various brands, of which 31 are operating and 22 are under construction.
Among them are brands such as: Ramada, Hilton, Radisson, Sheraton, Marriot, Crowne Plaza, Rooms Hotel and others.