To attain a residency in any country, one may need to follow tons of rules and regulations with wholesome documentation for a smooth and flawless process. All the countries existing have made their own specific rules and regulations that suit their needs and among all of these countries, there is a name of Georgia that is a well-known state for its friendly behavior and convenient rules. When a person wants to attain a Georgian residency, there are convenient rules to follow, and very easy to obtain documentation.
When it comes to having a residence permit in Georgia, it makes the person able to stay in this country’s territory as long as the permit is valid. When needing this permit, there is a need to approach the state office of this country to submit the application and to possess the relevant information. When having the status of a resident, the government then issues a residence card to the person for authentication. When having this status, you must renew it annually whether it’s permanent or non-permanent. In addition to it, this kind of permit can be allowed to the family member of a residency holder.
There are types of residence permits that are discussed below.
1. Work Residence Permit:
At this age, people usually go abroad to earn some income instead of getting their fortunes from their own countries. The same happens in Georgia has tons of foreigners in this territory and they are living by having a work residence permit. This kind of permit can be taken by a person involved in entrepreneurial or labor activities. It is also for freelancers with a business in Georgia. This type of application has two main criteria: 1. The company’s turnover must exceed GEL 50,000 per employed foreigner. 2. Applicant’s monthly income must exceed Georgian minimum wage at least five times. After having these credentials, the residency is issued with a temporary residence for a maximum of 6 years.
2. Permit for Short Term:
This type of residency is allowed to the person that is legalized by the country’s offices and obeying the rules and legislation, possessing the property with the market value exceeding USD 100,000 or the equivalent sum in GEL. People who want to have this status must follow the discussed statement and then it will be easy to go with the short-term residence permit.
3. Investment Residence Permit:
Investment is the most powerful factor that makes the person able to own a residence permit in Georgia. When someone has the money to invest, this is the best chance to avail the opportunity to become a resident of Georgia. This residence permit is allowed to the foreigner who invests at least USD 300,000 or owns real estate with the same value in Georgia. In this case, the permit is also allowed to the family members in which spouse, underage dependent, or a fully dependent. The permit holders are allowed to show their annual turnovers to the government bodies showing that the investment is not dormant.
4. Educational Permit:
Getting an education from anywhere is the most powerful thing that makes the person able to find new ways and opportunities possible to him/her. When need to get an education in Georgia, a person can be a part of any educational center authorized in Georgia. This type of residency is valid temporarily with a tenure of 6 years.
