Useful information about Batumi and Georgia
Buy an apartment in Batumi. Benefits for Foreigners
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Investments in real estate in Batumi attract many people who aim at obtaining a stable profit. Apart hotels began to appear in the city, where foreigners could buy apartments. Accommodation is suitable for renting to tourists who come to Batumi to enjoy their vacation on the Black Sea.
Georgia attracts tourists from all over the world. Also, investors began to actively pull into the country. Among the advantages should be highlighted:
favorable investment climate;
easy start of any business;
active development of tourism infrastructure;
gambling business allowed;
beautiful nature;
ecologically clean area.
What you should know before buying?
There is no real estate tax in Georgia. The owner of the apartment, even if he is a foreigner, must pay only income tax in the amount of 5%. In this case, documents for the purchase of real estate can be issued within five minutes. For registration you only need a passport. In some cases, the seller may additionally require documentation showing the origin of the money.
It is worth buying an apartment in Batumi for the reason that the owner will receive a residence permit in Georgia. The cost of real estate should be from 35 thousand dollars and above.