Question 1

Is it necessary to create a company to invest?

Accepted Answer

No, individual ownership is the standard path for a private investor. A company may be justified for more than 3 or 4 properties or for structured family assets.

Question 2

How much does it cost to set up a Georgian LLC?

Accepted Answer

200 to 400 USD all-inclusive (registration, bylaws, initial deposit). Formation takes 24 to 48 hours via the Public Service Hall.

Question 3

What are the advantages of a French SCI (Société Civile Immobilière) for holding a Georgian property?

Accepted Answer

A French SCI holding shares in a Georgian property simplifies inheritance but complicates taxation (double reporting). It is rarely relevant for a single property.

Question 4

Is the Georgian LLC fiscally transparent?

Accepted Answer

No, it is subject to Georgian corporate income tax (15% on distributed profits). Reinvested profits are not taxed (Estonian model).

Question 5

Can I set up a Georgian Virtual Company?

Accepted Answer

The Virtual Zone Company status provides 0% corporate tax on international IT income, with no impact on real estate activity.

Question 6

Is an International Company status suitable?

Accepted Answer

The IC status (5% corporate tax, 5% dividends) is reserved for IT or maritime companies. It does not cover local real estate activity.

Question 7

Is a resident Georgian director required?

Accepted Answer

No. A Georgian LLC can be managed by a non-resident foreigner, with a registered address in Georgia (domiciliation service at 100 USD/month).

Question 8

Can a foreign company directly own property?

Accepted Answer

Yes, without limitation. A French company can acquire a Georgian property without creating a local entity, with a simple apostilled and translated business registration certificate (K-bis).

Question 9

How are dividends taxed?

Accepted Answer

5% withholding tax in Georgia on distributed dividends, which can be reduced or eliminated by tax treaties with 55 countries.

Question 10

Can an SCI borrow in Georgia?

Accepted Answer

Georgian banks rarely lend to non-resident foreign entities. An arrangement with a personal guarantee or a sister local LLC is generally required.

Question 11

Can a French company buy in Georgia?

Accepted Answer

A French company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 12

Can a Belgian company buy in Georgia?

Accepted Answer

A Belgian company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 13

Can a Swiss company buy in Georgia?

Accepted Answer

A Swiss company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 14

Can a Canadian company buy in Georgia?

Accepted Answer

A Canadian company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 15

Can a Moroccan company buy in Georgia?

Accepted Answer

A Moroccan company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 16

Can a Tunisian company buy in Georgia?

Accepted Answer

A Tunisian company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 17

Can an Algerian company buy in Georgia?

Accepted Answer

An Algerian company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 18

Can a Senegalese company buy in Georgia?

Accepted Answer

A Senegalese company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 19

Can an Ivorian company buy in Georgia?

Accepted Answer

An Ivorian company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 20

Can a Lebanese company buy in Georgia?

Accepted Answer

A Lebanese company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 21

Can an Emirati company buy in Georgia?

Accepted Answer

An Emirati company can acquire a Georgian property without creating a local entity. The apostilled and translated K-bis is sufficient for registration in the Public Registry.

Question 22

Can a Saudi company buy property in Georgia?

Accepted Answer

A Saudi company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 23

Can a Qatari company buy property in Georgia?

Accepted Answer

A Qatari company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 24

Can a Turkish company buy property in Georgia?

Accepted Answer

A Turkish company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 25

Can a German company buy property in Georgia?

Accepted Answer

A German company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 26

Can an Italian company buy property in Georgia?

Accepted Answer

An Italian company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 27

Can a Spanish company buy property in Georgia?

Accepted Answer

A Spanish company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 28

Can a Portuguese company buy property in Georgia?

Accepted Answer

A Portuguese company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 29

Can a British company buy property in Georgia?

Accepted Answer

A British company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Question 30

Can an American company buy property in Georgia?

Accepted Answer

An American company can acquire Georgian property without creating a local entity. An apostilled and translated business registration certificate (K-bis) is sufficient for registration with the Public Registry.

Company & holding