F.A.Q.

logo
slider left

F.A.Q.

Who can buy real estate in Georgia?

Any interested person - natural and legal - can buy real estate in Georgia without any restrictions.

Who registers the real property rights?

LEPL National Agency of Public Registry.

What documents are required to buy real estate?

  • Application (the electronic application is filled in by the operator receiving the documents in the public register);
  •  ID document;
  • A duly certified agreement on the origin of ownership of an apartment / unit; (prepared by the company for free);
  • A duly certified presentation document; (if you are a representative of an interested person).

What time does it take to register the right of ownership of the apartment and what are the amounts?

Registration of property is possible even within 1 day

See property registration dates and related fees in the table below:

Terms

Service fee

Within 4 business days

50 GEL

Within 1 business day

150 GEL

On the day of application

200 GEL

Does property tax apply in Georgia?

A natural person is exempt from property tax in Georgia until his / her annual income (meaning the income received / declared in the territory of Georgia) exceeds 40,000 GEL.


What does the project infrastructure include and what is the cost of using the infrastructure?

The service fee in our complex is no more than 1 USD per square meter per month. Residents are allowed to use the common area, which includes: outdoor swimming pools for both children and adults. Parking for 600 cars; the recreational zone, which is built up on 13,400 sq. m., as well as a children's entertainment and sports ground.

What kind of facilities will be placed in the complex?

The complex will house international brand hotels Ibis Styles Batumi and Novotel Living, restaurants, bars, casino, spa, children's entertainment and sports grounds, conference halls.

When will be the complex completed?

The construction and repair works of all 4 aparthotels have been completed, yard landscaping and planting works have started, and the hotels will be opened in 2023.

Is renting an apartment voluntary?

Renting an apartment is completely voluntary. You have the freedom of choice to hand over the management of the apartment to us or to rent it yourself.

What do black frame condition apartments include?

The cost of an apartment in the black frame condition includes the front door and windows, screed floor.

Apartments with completed renovations?

We are handing over apartments in aparthotels with completed reovation, the price includes: the bathroom is equipped with Vitra accessories, built-in kitchen, central heating-cooling system and also 4 functions of a smart house as a gift: motion, smoke, water leak detector, as well as water, sewerage and electricity points.

What are the payment terms in the Bianca Batumi complex?

You can use interest-free installments when buying an apartment:

  • Term - up to 24 months;
  • Initial contribution - up to 40%;
  • Simplified mortgage loans of the Bank of Georgia, TBC or VTB banks

Who and how can get a residence permit?

Residence Permit is one of main grounds for a foreigner for his/her entry into Georgia and legal stay.

  • Based upon the appropriate grounds, residence permit shall be issued to a foreigner with the right of temporary or permanent residence.
  • Different types of residence permits are issued in Georgia with the right to temporary residence, including short-term residence permits issued to foreigners and their family members if the foreigner on the territory of Georgia, in accordance with the rules established by the legislation of Georgia, owns the real estate worth more than 100 000 USD equivalent in GEL.
  • A short-term residence permit is issued for a period of 1 year, which can be extended according to the period of ownership of the real estate (apartment).