We model the economics of a property before purchase, check the developer in state registers and complete the transaction with a secure payment structure. After completion we let the property, provide regular reports and help you exit the investment at a profit; for families and businesses we also handle documents, company set-up and bank accounts.
Services↓Groundz has worked in Georgia since 2019. We take clients from choosing a strategy through to letting or selling the property. Most new clients come to us by referral, and existing clients return for further transactions.
We know the developers personally and check each one in official registers: owners, tax debts, litigation and delivered phases. Before signing, we bring in lawyers and a licensed valuer formerly with the Ministry of Justice. Escrow is not used in Georgia, so we agree the payment structure with the bank in advance, and we never accept or hold client funds. We negotiate price, floor and instalment terms on the buyer’s behalf.
A Expertise and analysis
Every engagement starts here — before choosing a property and before signing anything.
We define the goal: capital growth, rental income, a family home or a basis for residence. We then match the property type, district and construction stage to it.
We calculate what the property will cost the client at every stage and what it can return.
We check the developer, seller or management company in official Georgian registers using their identification code.
Lawyers review the property and documents before signing and propose amendments to the contract.
We show in advance what tax the client will pay on rental income, resale and dividends, and when a tax adviser should be brought in.
| Tax | Rate | When it applies |
|---|---|---|
| Corporate profit tax | 15% | when profit is distributed; no tax is charged while profit stays in the company |
| Dividend tax | 5% | withheld when dividends are paid to the owner |
| Personal income tax | 20% | salary and other income of individuals |
| Residential rental | 5% | an individual’s income from letting residential property |
| Sale of a home | 5% | on an individual’s gain; 0% if owned for more than 2 years |
| Small business | 1% | on turnover of an individual entrepreneur with small-business status |
| VAT | 18% | for companies and entrepreneurs registered for VAT |
B Property transactions
A 10–20% down payment and instalments until completion. We negotiate price, floor and layout, and monitor the payment schedule and construction.
Completed units let by a management company under an international brand. We review the management agreement and income split, and compare actual income with the plan after 6 and 12 months.
We look for units priced below the developer’s current list price. In one case the client saved about $10,000 against the developer’s price.
Plots for a house or a development project through a partner land syndicate. On request: feasibility, design and permits.
Selection by district, schools, parking and layout. In one case a family of five obtained a developer discount, a higher floor, the layout they needed and two parking spaces.
Arranging a mortgage and handling transactions involving the buyer’s or seller’s bank: release of the charge, with part of the price paid to the bank and the balance to the seller.
Groundz does not accept or hold client funds. We design the payment structure for each deal and agree it with the bank before signing. Transactions can be completed under power of attorney, without the client travelling.
C Residence, business and banking
We choose the right basis and prepare the file in advance so that it is submitted on time. The card is issued for one year and is renewable; after 5 years you can apply for permanent residence.
Thresholds and requirements change — we confirm them in writing on the filing date.
LLC registration with the National Agency of Public Registry in 1–2 working days; advice on legal form and activities.
Bank of Georgia, TBC Bank, Liberty Bank. Personal and corporate accounts in GEL, USD and EUR. We prepare the client for compliance questions on source of funds.
The decision to open an account rests with the bank.
A licensed valuer prepares a valuation report for the transaction, the bank or a residence application.
D Property management and exit
Most of our clients live abroad. After the purchase we remain their representative on the ground.
We inspect the workmanship before the handover certificate is signed, record any defects and monitor their correction. Once the building is commissioned, we register title.
We prepare the unit for the chosen rental model or the management company’s standards.
We choose the model: long-term rental, short-term rental or a management company. We monitor income and expenses.
Regular updates on the property and the market so the owner can make data-driven decisions.
We advise on the best time to sell — by assignment before completion or as a finished unit. We prepare the property, find a buyer and complete the transaction.
For those who want to see the market before a purchase or the next deal: districts, construction sites, completed buildings, meetings with developers and lawyers.
Groundz
How we work with every client and family — in any country and at every stage.
One person leads the client and the family across countries and stages, with no hand-offs between managers.
Client documents and data are shared only with the specialists involved in the matter.
Decisions, documents and deadlines are kept in one place and carried into every next project.
The client sees the status, costs and next step at every stage.
Family residence and tax expertise, wealth structuring, property transactions, companies and banking.
Open page →Indonesia, Latin America and other markets we cover with local partners.
See all countries →Leave your details in the form — your adviser will contact you to arrange the first meeting.
Get a consultation →