Question 1

In which currency are property prices set?

Accepted Answer

Most developers display their price lists in USD, some in EUR or GEL. Payment is made at the exchange rate of the day at the time of each installment.

Question 2

Is the Lari a volatile currency?

Accepted Answer

The GEL has fluctuated between 2.20 and 3.30 per USD over 5 years, with an annual volatility of 8 to 12%. Investors keep their liquid assets in USD to neutralize the risk.

Question 3

How can I convert my Euros to Lari?

Accepted Answer

Banks offer the best exchange rate (0.5 to 1% spread). Exchange offices in Tbilisi and Batumi are competitive for small amounts.

Question 4

Is there exchange control?

Accepted Answer

There has been no exchange control in Georgia since 1996. Capital enters and exits freely, without prior authorization or withholding.

Question 5

Can I pay a developer in Euros?

Accepted Answer

Yes, most accept EUR, USD, GEL. Some add a 1 to 2% surcharge on payments in non-native currency, which can be negotiated.

Question 6

Should I fear a devaluation of the Lari?

Accepted Answer

The National Bank of Georgia maintains a floating exchange rate regime with reserves equivalent to 5 months of imports. A major devaluation remains unlikely in the medium term.

Question 7

What is the inflation rate in Georgia?

Accepted Answer

2 to 4% in 2025-2026, compared to a peak of 12% in 2022. The Central Bank targets 3% and manages this through key interest rates (8.5% in 2026).

Question 8

Are rents indexed to inflation?

Accepted Answer

Long-term leases often include an annual indexation clause to the Georgian CPI. Short-term rents naturally adjust based on the market.

Question 9

Can I take out a loan in Euros?

Accepted Answer

Some banks (TBC, BoG) offer EUR loans for European non-residents, with rates of 6 to 8% compared to 9 to 11% in USD.

Question 10

How can I hedge against exchange rate risk?

Accepted Answer

Options and forwards exist at TBC Capital and Galt & Taggart but remain expensive for individuals. Natural hedging through income in strong currency remains the best strategy.

Question 11

How to transfer 30,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 30,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts.

Question 12

How to transfer 50,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 50,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts.

Question 13

How to transfer 80,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 80,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts.

Question 14

How to transfer 100,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 100,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts.

Question 15

How to transfer 150,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 150,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts. An investment of 150,000 USD in real estate qualifies you for a residency visa.

Question 16

How to transfer 200,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 200,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts.

Question 17

How to transfer 300,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 300,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts.

Question 18

How to transfer 500,000 USD to Georgia?

Accepted Answer

A SWIFT transfer of 500,000 USD arrives in 24 to 48 hours in a Georgian account. Wise, Revolut, and Zen remain limited by their caps for high amounts.

Question 19

Can a French investor freely transfer their funds?

Accepted Answer

A French investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the amounts.

Question 20

Can a Belgian investor freely transfer their funds?

Accepted Answer

A Belgian investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the amounts.

Question 21

Can a Swiss investor freely transfer their funds?

Accepted Answer

A Swiss investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the amounts.

Question 22

Can a Canadian investor freely transfer their funds?

Accepted Answer

A Canadian investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 23

Can a Moroccan investor freely transfer their funds?

Accepted Answer

A Moroccan investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 24

Can a Tunisian investor freely transfer their funds?

Accepted Answer

A Tunisian investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 25

Can an Algerian investor freely transfer their funds?

Accepted Answer

An Algerian investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 26

Can a Senegalese investor freely transfer their funds?

Accepted Answer

A Senegalese investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 27

Can an Ivorian investor freely transfer their funds?

Accepted Answer

An Ivorian investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 28

Can a Lebanese investor freely transfer their funds?

Accepted Answer

A Lebanese investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 29

Can an Emirati investor freely transfer their funds?

Accepted Answer

An Emirati investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Question 30

Can a Saudi investor freely transfer their funds?

Accepted Answer

A Saudi investor can freely transfer their funds to Georgia without authorization. Bank control focuses on the traceability and legal origin of the funds.

Currency & FX