USD 300,000, Then a Turnover Test Every Year for Five - and Property Buyers Are Tested Differently From Investors
Article 15(თ) issues an investment residence permit on either of two things: an investment of at least USD 300 000 equivalent in GEL made under the Law on Investment Activity Promotion and Guarantees, or ownership of immovable property other than agricultural land with a market value above USD 300 000 equivalent in GEL, valued by a certified assessor of a body accredited by the Georgian Accreditation Centre. Family members - spouse, minor child, and a fully dependent beneficiary of support, person with a disability or person recognised as legally incapable - come with it. The permit runs five years, and article 16(1)(ე) attaches a condition most summaries leave out: an investor must file turnover figures from the Revenue Service every year, and the permit terminates unless the business turned over at least USD 50 000 in year one, USD 100 000 in year two and USD 120 000 in each of years three, four and five. The property route is tested differently - it requires only that the ownership is kept. Article 15(ლ) then converts either into an unlimited residence permit with the right of permanent living: for the investor on proof of the fifth year's USD 120 000, for the owner on five years of unbroken ownership, applied for before the five years expire.
At a glance
- Investment threshold
- USD 300 000 equivalent in GEL
Article 15(თ) of the Law on the Legal Status of Aliens and Stateless Persons - subparagraph h in matsne's English. The same figure applies to the property alternative.
- Property threshold for the investment permit
- Market value above USD 300 000 equivalent in GEL, agricultural land excluded
Article 15(თ). A separate short-term permit exists at USD 150 000 under article 15(კ).
- Term of the investment permit
- 5 years
Article 16(1)(ე) of the same Law.
- Turnover the investor must show
- USD 50 000 in year one, USD 100 000 in year two, USD 120 000 in each of years three to five
Article 16(1)(ე), which terminates the permit if the turnover is not confirmed, and article 15(ლ), which repeats the same ladder as the condition for the unlimited permit.
- What the property owner must show instead
- Continuous ownership for the 5 years after the permit was issued
Articles 15(ლ) and 16(5). Article 21(13) allows a replacement property on conditions we have not read.
- Family members included
- Spouse, minor child, and a fully dependent beneficiary of support, person with a disability or person recognised as legally incapable
The definition is given twice, in article 15(თ) and again in article 15(ლ), in identical words.
Requirements
- Either an investment of at least USD 300 000 equivalent in GEL under the Law on Investment Activity Promotion and Guarantees
- or ownership of immovable property other than agricultural land worth more than USD 300 000 equivalent in GEL, valued by an accredited certified assessor
- For an investor: annual filing of Revenue Service turnover information before each year of the permit expires
- For the unlimited permit: an application to the Agency before the fifth year of the investment permit runs out
Exceptions by origin
No exceptions recorded
Nothing we have read treats any nationality differently for this topic. The rule above applies to everyone.
What the law says
«თ) საინვესტიციო ბინადრობის ნებართვა, რომელიც გაიცემა იმ უცხოელზე და მისი ოჯახის წევრებზე, რომელმაც „საინვესტიციო საქმიანობის ხელშეწყობისა და გარანტიების შესახებ“ საქართველოს კანონის შესაბამისად განახორციელა არანაკლებ 300 000 აშშ დოლარის ლარში ეკვივალენტის ოდენობის ინვესტიცია ან რომელსაც საქართველოს ტერიტორიაზე, საქართველოს კანონმდებლობით დადგენილი წესით აქვს საკუთრების უფლება უძრავ ნივთზე (გარდა სასოფლო-სამეურნეო დანიშნულების მიწისა), რომლის საბაზრო ღირებულება აღემატება 300 000 აშშ დოლარის ლარში ეკვივალენტს.»Our translation - not official
(თ) an investment residence permit, issued to an alien and their family members who, in accordance with the Law of Georgia on the Promotion and Guarantees of Investment Activity, has made an investment of not less than the GEL equivalent of USD 300 000, or who, in the territory of Georgia and under the procedure established by Georgian legislation, has ownership of immovable property (other than agricultural land) whose market value exceeds the GEL equivalent of USD 300 000.
About this source
The official gazette and consolidated statute book of Georgia, a legal entity under public law under the Ministry of Justice. Every instrument lives at matsne.gov.ge/ka/document/view/<id>: laws, organic laws, Government resolutions, presidential decrees and ministerial orders, each page opening with a metadata block that gives the document number, the issuing body, the date of issue, the source and date of publication, the date of entry into force and the registration code, then listing every consolidated publication by date with its own publication index. Above the body of each page the site states which edition is being shown: კონსოლიდირებული ვერსია (საბოლოო) means the final consolidation, and a different line means it is not. Amending instruments are published separately and in full, each citing the registration code of the act it amends, so a schedule whose consolidation is paywalled can still be reconstructed from the original plus the amendments. Renders through Firecrawl without difficulty, including million-character statutes: the Georgian Tax Code comes back at 1,190,393 characters.
Standing: Maintains the text in force
Cannot be cited for: Three things it must not be cited for. First, it is not free for everything: for some Government resolutions - resolution No 255 of 5 June 2015 on visa-free entry, and resolution No 36 of 21 February 2013 on universal health care - the site serves only the text as originally published and prints დოკუმენტის კონსოლიდირებული ვარიანტის ნახვა ფასიანია, that viewing the consolidated version is a paid service requiring registration and the purchase of a viewing right. A reading of such a page is a reading of the original, however many consolidations have followed, and must be labelled as one. Second, it publishes the consolidated law and not the reasoning: no explanatory memorandum, no case law, no ministerial guidance, and a great deal of Georgian immigration and tax practice sits in orders of the Minister of Finance and the Minister of Internal Affairs which it holds but which are not linked from the parent act. Third, the Georgian pages are the law and the English pages at the matching address are not the same document - see ge-matsne-en. Pages render statutes inside HTML tables, so stored text carries table pipes and <br> markers around the publisher's own words.
We re-read it every 90 days. More about this source
«an investment residence permit to be issued to an alien and his/her family members, who has made an investment in Georgia in the amount of at least USD 300 000 equivalent in GEL in accordance with the Law of Georgia on Investment Activity Promotion and Guarantees, or who has, on the territory of Georgia, under the procedure established by the legislation of Georgia, the right to an immovable thing (except for agricultural land) the market value of which exceeds USD 300 000 equivalent in GEL.»The English says the investment is made 'in Georgia'; the Georgian says only that it is made in accordance with the Law on the Promotion and Guarantees of Investment Activity. The figure is identical in both.
Read it at the sourceAbout this source
The same publisher's English rendering of Georgian instruments, served at matsne.gov.ge/en/document/view/<id> - the same document id as the Georgian, so the two texts are one address apart. Where an English consolidation exists it is a full translation of that consolidation, with the same article numbering, the same amending-law footers and the same metadata block. For the Law on the Legal Status of Aliens and Stateless Persons the English kept pace with the Georgian through the amendments of 15 April and 25 June 2026, so the 2026 spouse permit and the interagency marriage commission can be read in both languages.
Standing:
Cannot be cited for: It may never be cited as the law, for four reasons found in the text itself. (1) It lags, silently to a reader who does not look up: on 11 October 2026 the Tax Code in English was the consolidation of 25 June 2026 while the Georgian was that of 30 September 2026, and the Organic Law on Georgian Citizenship in English was the edition of 7 March to 26 June 2025 while the Georgian was 25 June 2026. (2) The newest consolidation of a lagging instrument does not exist in English at all: the English page for Tax Code publication 246 and citizenship publication 12 carries no law, only 'Attention! The consolidation of the document is underway. You are not reading the latest version of the document.' (3) The default English address serves the last complete English edition under the line 'Attention! You are not reading the final edition', which is one line of body text above a million characters of statute. (4) Subparagraph letters are relabelled by alphabetical position rather than transliterated, so Georgian ფ becomes u, ჟ becomes p and თ becomes h - and the trap is live, because the Latin letter that a reader would reach for by sound lands on a different and sometimes repealed subparagraph: English article 99(1)(p) is Georgian 99(1)(ჟ), while Georgian 99(1)(პ) was deleted on 30 May 2018. It also mis-states one amending law's number, printing the law of 30 May 2018 as No 3591 in twelve places and as No 2391 in twelve others where the Georgian prints №2391 throughout, and it loses superscripts: article 21¹ appears as '211' and paragraph 6¹ as '61'. Cite it beside the Georgian, as a translation, never instead of it.
We re-read it every 120 days. More about this source
«ლ) უვადო ბინადრობის ნებართვა, რომელიც გაიცემა 300 000 აშშ დოლარის ლარში ეკვივალენტის ოდენობის ინვესტიციის განხორციელების საფუძველზე გაცემული საინვესტიციო ბინადრობის ნებართვის მქონე იმ უცხოელზე და მისი ოჯახის წევრებზე, რომელსაც უდასტურდება საქართველოში განხორციელებული სამეწარმეო საქმიანობიდან პირველი წლის განმავლობაში არანაკლებ 50 000 აშშ დოლარის ლარში ეკვივალენტის წლიური ბრუნვა, მეორე წლის განმავლობაში − არანაკლებ 100 000 აშშ დოლარის ლარში ეკვივალენტის წლიური ბრუნვა, ხოლო მესამე, მეოთხე და მეხუთე წლების განმავლობაში − არანაკლებ 120 000 აშშ დოლარის ლარში ეკვივალენტის წლიური ბრუნვა, ან 300 000 აშშ დოლარის ლარში ეკვივალენტზე მეტი ღირებულების უძრავი ნივთის საკუთრებაში ქონის საფუძველზე გაცემული საინვესტიციო ბინადრობის ნებართვის მქონე იმ უცხოელზე და მისი ოჯახის წევრებზე, რომელსაც საინვესტიციო ბინადრობის ნებართვის მიღებიდან 5 წლის განმავლობაში აქვს ამ უძრავ ნივთზე საკუთრების უფლება.»Our translation - not official
(ლ) an unlimited residence permit, issued to an alien and their family members who hold an investment residence permit granted on the basis of an investment of the GEL equivalent of USD 300 000 and who are confirmed to have an annual turnover from entrepreneurial activity carried out in Georgia of not less than the GEL equivalent of USD 50 000 in the first year, not less than USD 100 000 in the second year, and not less than USD 120 000 in each of the third, fourth and fifth years; or to an alien and their family members who hold an investment residence permit granted on the basis of ownership of immovable property worth more than the GEL equivalent of USD 300 000 and who have held ownership of that property for the 5 years since receiving the investment residence permit.
About this source
The official gazette and consolidated statute book of Georgia, a legal entity under public law under the Ministry of Justice. Every instrument lives at matsne.gov.ge/ka/document/view/<id>: laws, organic laws, Government resolutions, presidential decrees and ministerial orders, each page opening with a metadata block that gives the document number, the issuing body, the date of issue, the source and date of publication, the date of entry into force and the registration code, then listing every consolidated publication by date with its own publication index. Above the body of each page the site states which edition is being shown: კონსოლიდირებული ვერსია (საბოლოო) means the final consolidation, and a different line means it is not. Amending instruments are published separately and in full, each citing the registration code of the act it amends, so a schedule whose consolidation is paywalled can still be reconstructed from the original plus the amendments. Renders through Firecrawl without difficulty, including million-character statutes: the Georgian Tax Code comes back at 1,190,393 characters.
Standing: Maintains the text in force
Cannot be cited for: Three things it must not be cited for. First, it is not free for everything: for some Government resolutions - resolution No 255 of 5 June 2015 on visa-free entry, and resolution No 36 of 21 February 2013 on universal health care - the site serves only the text as originally published and prints დოკუმენტის კონსოლიდირებული ვარიანტის ნახვა ფასიანია, that viewing the consolidated version is a paid service requiring registration and the purchase of a viewing right. A reading of such a page is a reading of the original, however many consolidations have followed, and must be labelled as one. Second, it publishes the consolidated law and not the reasoning: no explanatory memorandum, no case law, no ministerial guidance, and a great deal of Georgian immigration and tax practice sits in orders of the Minister of Finance and the Minister of Internal Affairs which it holds but which are not linked from the parent act. Third, the Georgian pages are the law and the English pages at the matching address are not the same document - see ge-matsne-en. Pages render statutes inside HTML tables, so stored text carries table pipes and <br> markers around the publisher's own words.
We re-read it every 90 days. More about this source
«ე) „თ“ ქვეპუნქტით გათვალისწინებული საინვესტიციო ბინადრობის ნებართვა უცხოელზე შეიძლება გაიცეს 5 წლის ვადით.»Our translation - not official
(ე) the investment residence permit provided for in subparagraph (თ) may be issued to an alien for a term of 5 years.
About this source
The official gazette and consolidated statute book of Georgia, a legal entity under public law under the Ministry of Justice. Every instrument lives at matsne.gov.ge/ka/document/view/<id>: laws, organic laws, Government resolutions, presidential decrees and ministerial orders, each page opening with a metadata block that gives the document number, the issuing body, the date of issue, the source and date of publication, the date of entry into force and the registration code, then listing every consolidated publication by date with its own publication index. Above the body of each page the site states which edition is being shown: კონსოლიდირებული ვერსია (საბოლოო) means the final consolidation, and a different line means it is not. Amending instruments are published separately and in full, each citing the registration code of the act it amends, so a schedule whose consolidation is paywalled can still be reconstructed from the original plus the amendments. Renders through Firecrawl without difficulty, including million-character statutes: the Georgian Tax Code comes back at 1,190,393 characters.
Standing: Maintains the text in force
Cannot be cited for: Three things it must not be cited for. First, it is not free for everything: for some Government resolutions - resolution No 255 of 5 June 2015 on visa-free entry, and resolution No 36 of 21 February 2013 on universal health care - the site serves only the text as originally published and prints დოკუმენტის კონსოლიდირებული ვარიანტის ნახვა ფასიანია, that viewing the consolidated version is a paid service requiring registration and the purchase of a viewing right. A reading of such a page is a reading of the original, however many consolidations have followed, and must be labelled as one. Second, it publishes the consolidated law and not the reasoning: no explanatory memorandum, no case law, no ministerial guidance, and a great deal of Georgian immigration and tax practice sits in orders of the Minister of Finance and the Minister of Internal Affairs which it holds but which are not linked from the parent act. Third, the Georgian pages are the law and the English pages at the matching address are not the same document - see ge-matsne-en. Pages render statutes inside HTML tables, so stored text carries table pipes and <br> markers around the publisher's own words.
We re-read it every 90 days. More about this source
«An alien holding an investment residence permit shall, in the case of making an investment, during the period of his/her holding the investment residence permit, submit to the Agency, annually until the expiry of each year of the investment residence permit validity, information from the Legal Entity under Public Law – the Revenue Service on the annual turnover of the entrepreneurial activities he/she has carried out in Georgia. The validity of an investment residence permit shall be terminated if an alien has no proof of the annual turnover of at least USD 50 000 equivalent in GEL during the first year of the entrepreneurial activities he/she has carried out in Georgia; the annual turnover of at least USD 100 000 equivalent in GEL during the second year, and the turnover of at least USD 120 000 equivalent in GEL during the third, fourth and fifth years.»The annual filing and the turnover ladder are a condition of keeping the permit, not of getting it. They sit in the duration article, which is why they are easy to miss.
Read it at the sourceAbout this source
The same publisher's English rendering of Georgian instruments, served at matsne.gov.ge/en/document/view/<id> - the same document id as the Georgian, so the two texts are one address apart. Where an English consolidation exists it is a full translation of that consolidation, with the same article numbering, the same amending-law footers and the same metadata block. For the Law on the Legal Status of Aliens and Stateless Persons the English kept pace with the Georgian through the amendments of 15 April and 25 June 2026, so the 2026 spouse permit and the interagency marriage commission can be read in both languages.
Standing:
Cannot be cited for: It may never be cited as the law, for four reasons found in the text itself. (1) It lags, silently to a reader who does not look up: on 11 October 2026 the Tax Code in English was the consolidation of 25 June 2026 while the Georgian was that of 30 September 2026, and the Organic Law on Georgian Citizenship in English was the edition of 7 March to 26 June 2025 while the Georgian was 25 June 2026. (2) The newest consolidation of a lagging instrument does not exist in English at all: the English page for Tax Code publication 246 and citizenship publication 12 carries no law, only 'Attention! The consolidation of the document is underway. You are not reading the latest version of the document.' (3) The default English address serves the last complete English edition under the line 'Attention! You are not reading the final edition', which is one line of body text above a million characters of statute. (4) Subparagraph letters are relabelled by alphabetical position rather than transliterated, so Georgian ფ becomes u, ჟ becomes p and თ becomes h - and the trap is live, because the Latin letter that a reader would reach for by sound lands on a different and sometimes repealed subparagraph: English article 99(1)(p) is Georgian 99(1)(ჟ), while Georgian 99(1)(პ) was deleted on 30 May 2018. It also mis-states one amending law's number, printing the law of 30 May 2018 as No 3591 in twelve places and as No 2391 in twelve others where the Georgian prints №2391 throughout, and it loses superscripts: article 21¹ appears as '211' and paragraph 6¹ as '61'. Cite it beside the Georgian, as a translation, never instead of it.
We re-read it every 120 days. More about this source
Practical notes
The Law of Georgia on the Promotion and Guarantees of Investment Activity, which decides what counts as an investment, has not been read here, so this record says what the threshold is and not what satisfies it.
Article 21(13), which allows a replacement property to carry the permit, has not been read.
- consolidatesუცხოელთა და მოქალაქეობის არმქონე პირთა სამართლებრივი მდგომარეობის შესახებ
საქართველოს საკანონმდებლო მაცნე (Legislative Herald of Georgia) · consolidated to 2026-06-25
About this source
The official gazette and consolidated statute book of Georgia, a legal entity under public law under the Ministry of Justice. Every instrument lives at matsne.gov.ge/ka/document/view/<id>: laws, organic laws, Government resolutions, presidential decrees and ministerial orders, each page opening with a metadata block that gives the document number, the issuing body, the date of issue, the source and date of publication, the date of entry into force and the registration code, then listing every consolidated publication by date with its own publication index. Above the body of each page the site states which edition is being shown: კონსოლიდირებული ვერსია (საბოლოო) means the final consolidation, and a different line means it is not. Amending instruments are published separately and in full, each citing the registration code of the act it amends, so a schedule whose consolidation is paywalled can still be reconstructed from the original plus the amendments. Renders through Firecrawl without difficulty, including million-character statutes: the Georgian Tax Code comes back at 1,190,393 characters.
Standing: Maintains the text in force
Cannot be cited for: Three things it must not be cited for. First, it is not free for everything: for some Government resolutions - resolution No 255 of 5 June 2015 on visa-free entry, and resolution No 36 of 21 February 2013 on universal health care - the site serves only the text as originally published and prints დოკუმენტის კონსოლიდირებული ვარიანტის ნახვა ფასიანია, that viewing the consolidated version is a paid service requiring registration and the purchase of a viewing right. A reading of such a page is a reading of the original, however many consolidations have followed, and must be labelled as one. Second, it publishes the consolidated law and not the reasoning: no explanatory memorandum, no case law, no ministerial guidance, and a great deal of Georgian immigration and tax practice sits in orders of the Minister of Finance and the Minister of Internal Affairs which it holds but which are not linked from the parent act. Third, the Georgian pages are the law and the English pages at the matching address are not the same document - see ge-matsne-en. Pages render statutes inside HTML tables, so stored text carries table pipes and <br> markers around the publisher's own words.
We re-read it every 90 days. More about this source
- publishesLaw of Georgia on the Legal Status of Aliens and Stateless Persons (matsne English translation)
Legislative Herald of Georgia, English translation service · consolidated to 2026-06-25
About this source
The same publisher's English rendering of Georgian instruments, served at matsne.gov.ge/en/document/view/<id> - the same document id as the Georgian, so the two texts are one address apart. Where an English consolidation exists it is a full translation of that consolidation, with the same article numbering, the same amending-law footers and the same metadata block. For the Law on the Legal Status of Aliens and Stateless Persons the English kept pace with the Georgian through the amendments of 15 April and 25 June 2026, so the 2026 spouse permit and the interagency marriage commission can be read in both languages.
Standing:
Cannot be cited for: It may never be cited as the law, for four reasons found in the text itself. (1) It lags, silently to a reader who does not look up: on 11 October 2026 the Tax Code in English was the consolidation of 25 June 2026 while the Georgian was that of 30 September 2026, and the Organic Law on Georgian Citizenship in English was the edition of 7 March to 26 June 2025 while the Georgian was 25 June 2026. (2) The newest consolidation of a lagging instrument does not exist in English at all: the English page for Tax Code publication 246 and citizenship publication 12 carries no law, only 'Attention! The consolidation of the document is underway. You are not reading the latest version of the document.' (3) The default English address serves the last complete English edition under the line 'Attention! You are not reading the final edition', which is one line of body text above a million characters of statute. (4) Subparagraph letters are relabelled by alphabetical position rather than transliterated, so Georgian ფ becomes u, ჟ becomes p and თ becomes h - and the trap is live, because the Latin letter that a reader would reach for by sound lands on a different and sometimes repealed subparagraph: English article 99(1)(p) is Georgian 99(1)(ჟ), while Georgian 99(1)(პ) was deleted on 30 May 2018. It also mis-states one amending law's number, printing the law of 30 May 2018 as No 3591 in twelve places and as No 2391 in twelve others where the Georgian prints №2391 throughout, and it loses superscripts: article 21¹ appears as '211' and paragraph 6¹ as '61'. Cite it beside the Georgian, as a translation, never instead of it.
We re-read it every 120 days. More about this source