Retiring in Georgia can be an advantageous choice for seniors seeking a cost-effective lifestyle and an easy process to obtain Georgian residency. This country is increasingly becoming a favored retirement destination for individuals from around the globe. Below, our immigration lawyers in Georgia have created a comprehensive guide that covers: the necessary requirements, visa process, required documentation, healthcare options and tax implications for those considering retiring in Georgia.
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Georgia is popular for maintaining a flexible visa policy that is particularly accommodating for many foreign individuals, making retirement in Georgia an easy process. The specific needed visas or residence permits in Georgia depend on nationality and the intended length of stay:
While Georgia does not have a specific retirement visa, retirees can apply for a residence permit based on proof of financial stability, such as a pension or savings.
To apply for a residence permit in Georgia as a retiree, you need to prepare the following documentation:
Our immigration attorneys in Georgia can assist you with every step of the documentation and ensure your application meets all current legal standards to successfully retire to Georgia.
Georgia offers both public and private healthcare services. While the public system is available to those who own Georgian citizenship and permanent resident permits, most foreigners, including retirees, prefer private healthcare due to its higher quality and reduced waiting times. Private medical services in Georgia are reasonably priced in comparison to many Western countries. If a retiree becomes a permanent resident or obtains long-term status, he/she may become eligible for Georgia’s public health programs in the future.
Understanding the tax implications is essential before initiating the process of retiring to Georgia. The key points to consider are related to pension taxation, as Georgia does not impose taxes on foreign pensions for non-residents. Even in the case of immigrating to Georgia for more than 183 days in a year, typically there are no taxes imposed on foreign income sources, pensions being included in this category. Moreover, Georgia has signed numerous double taxation treaties with many countries around the world in order to avoid double taxation.
For personalized guidance on how taxes may apply to specific situations of retiring to Georgia, our experts in Georgian immigration can offer relevant support.
According to the National Statistics Office of Georgia, immigration to Georgia is presenting variations in the recent years:
For more information and professional legal assitance regarding Georgian immigration and retiring to Georgia especially, do not hesitate to contact us.
