Welcome to the next article in the series of profitable investments abroad. If you are thinking of investing in real estate, look no further than Batumi, Georgia. Located on the Black Sea coast, this charming port city offers a unique blend of natural beauty, rich history and a thriving tourism industry. Here are compelling reasons to invest in real estate in Georgia.
A jewel on the Black Sea
Batumi is not just a city; it is a destination that captures the heart and soul of every visitor. Batumi is with his own long sun-drenched beaches and a wide promenade leading summer resort of Georgia. But it doesn't end there; The magic of Batumi extends throughout the year thanks to the wonderful mix of sea, mountains, culture and hospitality.
Behind the beaches
While Batumi's coastline is the main attraction, the city has much more to offer. Immerse yourself in vibrant cafe culture, explore bustling markets and admire captivating street art. Nearby, you'll find Roman ruins, extensive botanical gardens and stunning hiking trails in lush national parks within easy reach of the city.
Stable environment for investments
Georgia can boast political stability, protection of property rights and a relatively low level of corruption. In 2018 UNWTO she acknowledged Georgia for the fourth fastest growing destination tourism in the world, thus emphasizing its enormous potential for investors and entrepreneurs.
Investor-friendly policies
The investment environment of Batumi is characterized by the simplicity of doing business, simplified real estate transactions, low property taxes (0,2% for individuals) to simple procedures for obtaining permanent residence or dual citizenship. These factors, along with the city's increasing popularity and recent reforms, are contributing to the growing demand for real estate.
Favorable taxation
Georgia's tax policy further sweetens the deal for investors. There is no purchase and sale tax for foreign citizens and no income tax on the sale of real estate applies only to tax residents. Inheritances within immediate family members are exempt from tax, as are inheritances of the third and fourth degrees of kinship, provided that the value does not exceed 150 Georgian lari.
Conclusion
Investing in the real estate market of Batumi offers a great opportunity for smart investors. The enticing mix of natural beauty, cultural richness and investor-friendly politics make this city an excellent choice. With a stable political environment and favorable tax regulations, Batumi is poised for continued growth, making it an ideal destination for real estate investment in Georgia. Don't miss the chance to be part of this thriving market!
Through us you can buy real estate in Georgia by the sea starting from €27! Contact us in the form for more information.