01
Transferring funds to Georgia
The won is regulated by the Bank of Korea: mandatory notification for any foreign real estate investment via a prior declaration form. SWIFT via KB Kookmin, Shinhan, Woori.
🇰🇷 Invest in Georgia from South Korea
Invest in Georgian real estate from South Korea
This guide is aimed at South Korean nationals. It covers fund transfers, local and Georgian taxation, treaties, contract language, mortgage financing, permanent residency and crypto payment.
Active bilateral tax treatyVisa-free stay up to 1 year in GeorgiaKRW
02
Paying in cryptocurrency
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.
03
Georgian taxation for non-residents
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.
04
Home taxation from South Korea on the Georgian property
The Korea-Georgia treaty of 31 March 2008 applies. Rents taxed on the Korean scale (up to 45%) with credit.
05
Contract language and signing
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.
06
Mortgage financing in Georgia
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.
07
Georgian permanent residency
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.