Buying commercial real estate in Georgia: Foreign companies interested in expanding operations in Georgia can acquire industrial sites or commercial spaces for their activities.
They can also take over companies and the premises and other properties these own, which is why the procedure of buying commercial real estate is more complex, takes longer to complete, and must be subject to various formalities. The only restriction applies to both foreign citizens and companies is related to the acquisition of agricultural land. This type of property can be used under concession agreements for limited periods.
If you are in the process of buying commercial real estate from another company, you can rely on our Georgian lawyers for guidance through such complex procedures. Also, if the company is undergoing liquidation, you need to make additional verifications.