This guide is aimed at Armenian nationals. It covers fund transfers, local and Georgian taxation, treaties, contract language, mortgage financing, permanent residency and crypto payment.
SWIFT via Ameriabank, ACBA, Ardshinbank, Inecobank (USD 15-40). No strict exchange controls. Idram and Wise available. Direct AMD/USD or AMD/GEL conversion possible. Bagratashen land border open, direct Yerevan-Tbilisi flights.
Crypto payments (USDT, USDC, BTC, ETH) are accepted by most of our partner developers. Conversion to GEL or USD is processed by a regulated Georgian on-ramp provider, with a legally compliant invoice. This avoids SWIFT fees and international wire delays.
In Georgia, non-resident rental income is taxed at a 5% flat withholding rate. No wealth tax, no inheritance tax on Georgian assets. Capital gains on real estate are fully exempt after 2 years of holding. The 18% VAT is already included in developer prices.
The Armenia-Georgia treaty of 8 January 1998 applies. Rents taxed in Georgia (5%) and declared in Armenia with tax credit. Armenian flat PIT at 20%. No inheritance tax on Georgian assets.
Purchase contracts are drafted in Georgian (official cadastre language) with a certified English translation systematically provided. On request, a French, Russian or Arabic version can be annexed. All signatures happen before a Georgian notary, in person or via a power of attorney legalised in your home country.
Georgian banks (TBC Bank, Bank of Georgia, Credo Bank) grant mortgages to foreigners with a 30-40% minimum down payment, over 10 to 15 years, at rates of 11-14% in GEL or 8-10% in USD. A local bank account and 3 months of proof of income are required.
Any real estate investment of $150,000 or more entitles the investor, their spouse and minor children to Georgian permanent residency. Applications are processed in 30-45 days, with no effective residency requirement. After 6 years, naturalisation becomes possible.