Does buying property in Georgia grant residency?

How does the property-based residence permit work?

Georgian law provides a residence permit linked to owning property with a market value of at least $100,000. It’s the typical route for buyers of family-size units or multiple apartments.

Mandatory caveat: legal thresholds change. Always verify the current value at application time — that verification is part of proper advisory work, not a footnote.

Do you even need residency to stay in Batumi?

For EU citizens, often not: the visa-free regime allows 365 days a year in Georgia without a visa (MFA Georgia). The residence permit matters for those settling in a structured way.

Are residency and tax residency the same thing?

No, and the distinction matters: a residence permit is about the right to stay; tax residency follows its own rules and must be assessed case by case with an advisor, including your position at home. No tax decision should ever rest on a web page.

Why are more foreigners choosing Georgia?

Beyond the sea and the prices, Georgia is a country where getting things done is simple: top 3 of 50 economies in the World Bank’s B-READY 2024, 21st of 165 for economic freedom (Fraser Institute 2024 — Italy ranks 46th).