Information for a foreign national (For Nonresidents)
A foreign national (nonresident) is free to purchase and own an estate in Georgia. This right is regulated by acting legislation.
According to the Constitution of Georgia a foreign national (nonresident) has the right to resell or transfer the ownership of an estate. It is unacceptable to cancel the common right of reselling, transferring ownership or inheritance.
Procedures for purchasing an apartment at Ltd "ROOM” –
-Once an apartment is selected by the buyer he/she presents his/her personal information (name, address, telephone, e-mail and copy of ID) to the sales division.
-The sales division prepares the preliminary agreement and delivers it to the buyer.
-The parties agree on the contract’s signing date. The agreement can be signed by the buyer himself/herself or anyone legally authorized by the buyer by legalized authorization document, copy of ID and contact details of the legalization (notary) office must be presented. Prior to registration the registry office representative has to have means of contacting the legalization authority/notary service for the purpose of double checking the authenticity of presented authorization document.
-Registration of the estate by the buyer or his/her trustee and the seller.
-Making payment by the buyer in accordance with installment plan outlined in contract.
-Signing The Primary Sale and Purchase Agreement between the seller and the buyer on completion of the construction.
-Registration of The Primary Sale and Purchase Agreement at the registry office.