Real Estate Transactions in Georgia | Cosmos Legal Law Office

Georgia offers an attractive real estate market for foreign investors due to its investment-friendly laws, strategic location, and low cost of living. Tbilisi and Batumi, in particular, are popular for both residence and investment.

Cosmos Legal Law Office provides Turkish citizens with safe, transparent, and legally compliant consultancy services for real estate transactions in Georgia.

1. Basic Framework of Real Estate Law in Georgia
Real estate ownership in Georgia is regulated under the 1997 Property Law and the Land Registry Regulations.

• Property records are maintained by the Public Registry.

• Foreign investors can purchase residential and commercial properties.

• The legal status of the property, including mortgages, liens, or other restrictions, must be verified beforehand.

Cosmos Legal meticulously examines all legal aspects of the property before investment.

2. Rights of Foreigners to Acquire Real Estate
Under Georgian law:

• Foreigners can purchase real estate throughout the country without special permits.

• Ownership of agricultural land and certain strategic areas may be restricted.

• Foreign ownership grants full property rights.

Cosmos Legal ensures that foreign investors exercise all legal rights for a smooth property acquisition.

3. Real Estate Purchase Process
Real estate transactions in Georgia are carried out in the following steps:

1. Title and Legal Due Diligence: Verification of ownership history, mortgages, and restrictions.

2. Sale Agreement: Notarized contract prepared between buyer and seller.

3. Payment and Registration: Ownership is registered in the official land registry under the buyer’s name.

4. Taxes and Fees Payment: Registration fees and other statutory charges are settled.

Cosmos Legal manages contract preparation, registration, and payments to ensure the process is completed seamlessly.

4. Taxes and Expenses
Key taxes and costs in Georgian real estate transactions include:

• Registration Fee: Approximately 0.5–1% of the purchase price.

• Income Tax: Paid on any gains from the sale.

• Notary and Administrative Fees: Applicable to contracts and registration.

Cosmos Legal ensures accurate calculation of all costs and helps clients manage their financial obligations efficiently.

5. Services Provided by Cosmos Legal
For Turkish investors in Georgia, Cosmos Legal offers:

• Title research and ownership verification

• Preparation and notarization of sale agreements

• Land registry registration and correspondence with official authorities

• Tax and cost planning

• Investment consultancy and legal support

Our team of attorneys, experienced in Georgian law, provides clients with secure and professional services.

Conclusion
Real estate investment in Georgia can be a secure and profitable opportunity with the right legal guidance. Cosmos Legal Law Office guarantees legal security, transparency, and professionalism at every stage for clients conducting real estate transactions in Georgia.