As in any business, there are many pitfalls in the process of acquiring real estate, and the seemingly easy registration of property rights in Georgia may turn into a serious issue in the future. Background checks on property and seller before transferring the money, choosing an optimal transaction structure and further tax scheme, including all essential conditions in a contract taking into account the specifics of Georgian legislation, taking care of the post-sale procedures, such as reconstruction of an object, changing the category of land, conclusion of a lease agreement, etc. – these are the issues that every serious investor thinks about in advance.
Our JUST Advisors team is ready to protect your investment, and turning it into profitable deal with high ROI.
The services we provide include:
- Legal due diligence of the Seller and the property.
- Assessment of the tax consequences for client’s business in case the property is acquired and used, and suggest options for acquiring it.
- Structuring of the deal for real estate acquisition, including preliminary purchase agreement, mortgage, encumbrance of an object with obligations in favor of the Buyer, and in case when the property is not registered in the ownership of the Seller or is under encumbrance;
- Structuring of the lease/rent agreement of real estate, including assessment of the tax consequences of the transaction;
- Legal support and control of all real estate transactions in the Public Register;
- Tax registration (as a recipient of income on the territory of Georgia) in the Revenue Service of Georgia.
- Accurate accounting of income generated by your property in Georgia, preparation and submission of an annual tax return;
- Obtaining necessary certificates for the tax service in your country of residence at Revenue Service of Georgia;
- Consulting and supporting the procedure for obtaining a residence permit in Georgia through the ownership of real estate.
In case you have already bought real estate, and during its’ use and operation some unexpected issues have arisen – our litigation practice is at your service.
JUST Advisors has established long-term partnerships with certified auditors, appraisers, industrial safety specialists, designers, cadastral engineers, and real estate brokers.
In our practice we have a history of successful cases for the acquisition of sites at the different stages of construction, luxury apartments with debt obligations of the Seller, apartments in the resort projects of New Gudauri and Orbi Group, as well as the structuring of complex rental obligations.
Keep in mind that we can do everything remotely based on the power of attorney received from you, and you always can get an on-line consultation and an electronic progress report.
Message us, and get detailed answers to all of your legal questions! We are here to help you in Georgia!
