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DECISION ON GEORGIA’S NEUTRALITY

Key points in 30 seconds

  • As of March 3, 2022, the official dollar exchange rate was 108 rubles.
  • In March 2022 Georgia had not joined the global sanctions against Russia; Russians could come, rent or buy property, work and study.
  • On March 3, 2022, Prime Minister Irakli Garibashvili signed Georgia's application for membership in the European Union.
  • For $40,000 to $100,000 you could buy a two- or three-bedroom apartment in a new building; by the sea in Batumi for $50,000.
  • A house can be registered in your name in one day, and registration costs $ 40.

Summary of the article of 09.03.2023

Thinking about how to use the savings in the best way, we often wait for a good moment, ponder, guess. But sometimes there are critical moments when there is no time to delay, a decision must be made urgently. As of March 3, 2022, the official dollar exchange rate is 108 rubles. The devaluation of the ruble may continue. If the savings are not saved, then the savings earned over many years will become worthless and disappear. According to most experts, a universal way to save money is to buy real estate abroad. Sea Inside has a large database of apartments, villas and townhouses in Tbilisi and Batumi. Why is Georgia one of the most suitable countries for this?

1. Georgia’s neutrality. The country has not joined the global sanctions against Russia. Russians can come here, rent or buy real estate, work, study, run a business. Although the Georgian opposition is trying to protest Georgia’s decision on neutrality, the government insists on its position. Moreover, Prime Minister Irakli Garibashvili signed Georgia’s application for membership in the European Union on March 3. The EU, in turn, is ready to start considering the application. This means that Georgia can become a kind of “window to Europe”. Russian citizens will be able to establish or maintain existing economic ties with Europe.

2. Open borders. Georgia is one of the few destinations where Russians can leave for now. The demand for buying and renting apartments in Tbilisi, Batumi and other cities has grown sharply in recent days. It is more convenient to go to Georgia by plane (via Yerevan, Minsk or Istanbul). The land borders are closed by the decision of the Government of the Russian Federation. In this article we have collected all the most convenient ways to enter Georgia.

3. Confidentiality. Georgia does not provide information about bank accounts, transactions, transactions and property owners. This is confidential data that is protected by law. Thanks to this, the country has attracted many investors and entrepreneurs from all over the world. It is especially convenient for IT specialists, freelancers and anyone who works remotely to live in Georgia.

4. Reasonable prices for real estate. For $40,000 to $100,000, you can buy a two- or three-bedroom apartment in a new building. And, for example, apartments in Batumi by the sea can be bought for $ 50,000. Another plus is the ease of design. In Georgia, there are no additional payments when buying an apartment. The registration procedure is fast: you can register a house in your name in one day, registration costs $ 40 (we wrote about this in detail here).

If you are looking for where to invest, please contact us! We will select the property according to your requests. We work without commission.

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