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Why is Georgia becoming increasingly attractive to foreign tourists and investors?

Why is Georgia becoming increasingly attractive to foreign tourists and investors?

Why is Georgia becoming increasingly attractive to foreign tourists and investors?
  • Why does Georgia attract foreign tourists and investors?
  • What opportunities and challenges await foreigners in Georgia?

The appeal of Georgia for foreign tourists and investors

Georgia is becoming an increasingly attractive destination for tourists and investors from all over the world. This country attracts foreigners with its favorable climatic conditions, unique cultural heritage and a variety of comfortable accommodation suitable for all categories of travelers.

Moving to Georgia: visa requirements

If you are considering moving to Georgia, you will be pleased to know that obtaining a visa in advance is not required. Upon arrival, you will simply receive a stamp in your passport, allowing citizens of Russia, Ukraine, Belarus, and other countries to legally stay in Georgia for a year. However, it is important to note that entry requires either a PCR test or a vaccination certificate.The "Sputnik V" vaccineIt is also accepted, as some COVID-19 related restrictions are still in effect in this region of the Caucasus.

Difficulties with air travel

As of today, direct flights between Russia and Georgia have been suspended since 2019. Therefore, the only way to reach Georgia is through flights via countries such as Azerbaijan, Armenia, or Turkey. This has generated increased interest, which in turn has led to a rise in ticket prices. For example:

  • A plane ticket from Moscow with a flight duration of about 48 hours for March 10 will cost 44,000 rubles.
  • The ticket price for a flight lasting up to one day starts at 68,000 rubles.

Considering the existing measures to combat the coronavirus, it is impossible to reach Georgia by land transport from Russia. Entry through Abkhazia is also closed.

Education in Georgia for foreign students

Georgia offers excellent conditions for foreigners wishing to pursue education, thanks to the large number of educational institutions, most of which are located in Tbilisi. The admission process to these institutions is often paid. Tuition fees range from $2,500 to $10,000 per year. Foreign students who choose paid education are exempt from examination tests. To enroll, it is sufficient to provide a certificate or diploma obtained abroad. However, for those who wish to study on a free basis (either fully or partially), it will be necessary to pass national exams.

Residence permit through studying

In addition, enrollment in accredited educational institutions in Georgia will grant foreigners the right to obtain a residence permit (RP). This document can be issued not only to the student but also to their parents. The following is required:

  • Provide proof of enrollment in an educational institution.
  • Prove the availability of sufficient funding: there must be at least $1260 per year for each family member.

This amount is considered the minimum necessary for a comfortable existence in Georgia.

Employment as a means of legal residence

There is also the possibility of legal residence in the country through employment with a local company. Foreigners working in Georgia can obtain a residence permit by meeting three main conditions:

  • Existence of a formal employment contract.
  • The organization where the foreigner works must earn at least $15,750 for each foreigner.
  • Compliance with specific requirements for regulatory documents.

All these aspects show that working in Georgia can be not only a way to earn money but also a legal means of residing in this wonderful country. Georgia is truly becoming an interesting country for living, studying, and working.

Restrictions and minimum wages

Smaller limits of 11 thousand dollars concern, first of all, educational and medical institutions. At the level of salaries, it is worth considering that they should not be lower than five times the minimum subsistence level, which is fixed by the statistical authority.

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Searching for work in Georgia

Before starting the job search in Georgia, it is important to consider several aspects that may pose certain challenges, especially due to the language barrier and the specifics of the local job market. One should also not overlook the high unemployment rate and, as a consequence, relatively low salaries—averaging around 350 dollars a month. The most sensible solution would be remote work, given the current economic conditions.

However, there is an important point: if you plan to stay in Georgia for more than six months and engage in remote work, according to the laws, you will become a tax resident.

The program "Remotely from Georgia"

In this regard, it is worth noting the opportunity to participate in the "Remotely from Georgia" program, designed for digital nomads. To become a part of it, you will need to provide:

  • medical insurance;
  • A document proving your income, which must be at least two thousand dollars per month.

Opening a business in Georgia

As for starting a business, the process of registering as an individual entrepreneur in Georgia is quite simple. Foreigners need to go through several steps:

  • to contact the justice house for registering a sole proprietorship;
  • to register with the tax authorities;
  • open a bank account.

The entire procedure usually takes no more than two days and requires financial costs ranging from 16 to 32 dollars. However, there may be difficulties in opening a bank account, as several major Georgian banks (such as Liberty and Bank of Georgia) have temporarily stopped providing this service to foreigners without a residence permit.

Nevertheless, foreign citizens have the opportunity to open an account at TBC Bank, which offers such services.

Residence permit through business

Those who intend to obtain a residence permit by starting a business should remember that the profit from business activities must be at least 14,970 dollars. This amount must be declared and submitted to the relevant authority for confirmation.

Real estate in Georgia

Georgia is known for its affordable real estate prices, making it possible to buy a good apartment at a reasonable price in both Tbilisi and Batumi. It's worth mentioning that foreigners who purchase property worth at least $100,000 automatically receive a residence permit. Furthermore, the owners of these properties can extend their status later on.

Life and culture in Georgia

Life in Georgia offers a unique experience thanks to its rich traditions and culture. This country attracts tourists with its charm: travelers note the welcoming attitude of the locals, beautiful mountain landscapes, a cozy climate, and the famous Georgian cuisine. Despite its relatively small size, Georgia offers a multitude of unique attractions and interesting places for tourists.

Why is Georgia becoming increasingly attractive to foreign tourists and investors?

Conclusion

In concluding our journey through the diverse opportunities that Georgia offers, I want to emphasize that this country is a true treasure trove for foreign tourists, students, workers, and entrepreneurs. The appeal of Georgia lies not only in its amazing culture and natural beauty but also in the ease with which foreigners can realize their dreams of relocating, studying, working, or doing business.

Upon arriving in Georgia, foreigners can immediately feel the warm attitude of the locals, who create an atmosphere of comfort and friendliness. This is important for anyone who wishes not just to visit the country temporarily, but to learn more about its traditions, culture, and way of life. The possibility of obtaining a residence permit through studying, employment, or purchasing real estate are additional advantages that make Georgia an attractive place to live.

Advantages of living in Georgia

  • Friendly population:Georgians are known for their hospitality.
  • A variety of options for life:Opportunities for study, work, and business.
  • Affordable real estate:The opportunity to buy housing at reasonable prices.

Moreover, despite some challenges such as the language barrier and difficulties in the job market, many choose to work remotely, which allows them to live in a picturesque country while still keeping their job."Remotely from Georgia"opens up prospects for digital nomads and creates conditions for comfortable living and working.

We should not forget about the affordable real estate prices that allow many investors to consider Georgia as a place for permanent residence or investment. Tourist reviews confirm that here you can not only find a "home away from home," but also enjoy culinary delights, stunning natural landscapes, and a friendly atmosphere.

Conclusion

In summary, when talking about Georgia, I see this country as a unique place where everyone can find something for themselves: from education to business, from gastronomic delights to breathtaking landscapes. Georgia is not just a point on the map; it is a territory for new opportunities and experiences. And I may not be alone in my desire to return and rediscover the warm-hearted spirit of the Caucasus.

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