CSR

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Corporate Social Responsibility

1- Environmental responsibility : Proceeding from our sense of responsibility in Swefland towards the environment therefore, we are very careful about the following points & working continuously to developing our procedures to matching our vision regards to this subject Reducing:

  • The use of non-environmentally friendly materials and reducing the use of fuel, plastic materials, pollutants and emissions harmful to the environment
  • Increasing reliance on renewable energy, sustainable resources, and recycled or partially recycled materials.
  • Offsetting negative environmental impact; for example, by planting trees, funding research, and donating to related causes we focus on offer a huge green lands as we can in our projects

2- Ethical responsibility is concerned with ensuring an organization is operating in a fair and ethical manner. Organizations that embrace ethical responsibility aim to achieve fair treatment of all stakeholders, including leadership, investors, employees, suppliers, and customers.

We also respect and apply all the rules related to human rights and the rights of women and children and are always keen to improve the living conditions of our employees and their families.

Charity responsibility refers to a business’s aim to actively make the world and society a better place & it’s a major target for our board of directors & shareholders which reflecting on all our social works.

3- Economic responsibility is the practice of Swefland for its role in variant societies where we work to developing the countries & our industry which reflecting directly on the whole market. The main goal is not to simply maximize profits, but positively effect on the environment, people, and society.

Some of our organization participation on social events :

1– Participation with Gardabani Club to: improve and develop sports based on our sense of responsibility towards
children, youth and sports in general,including a good impact on society and
health.

2– Participation with the Egyptian community in Georgia on some charity works at Adha Eid 2021.

What You Need To Know

FAQs

Yes, foreigners can get loans from Georgian Banks for their real estate investments even if they do not have Georgian source of Income. To get a loan in Georgia as a non-resident, you need to prove your income from foreign source.

Immovable property includes a “plot of land with its subsoil minerals, the plants growing on the land, and buildings and other structures firmly attached to the land.”

Foreign citizens are allowed to acquire immovable property with the exception of agricultural land as outlined below. Furthermore, foreign citizens can acquire state property as well – with the exception of state-owned agricultural land plots.

To complete a purchase, the following is necessary:

Identification document (passport or Georgian ID card; if using a foreign passport, a translated and notarized copy may be required).

The real estate purchase agreement which is to be signed in the presence of the relevant authority or a notary.

Payment of relevant administrative and notary fees.

The relevant authorities are entitled to request additional information and/or documents.

No special permit is required to make the purchase, as a non-citizen.

It is very important to have all the necessary information around the property you are going to invest into. And Georgia provides the source where you can check the property information to make sure you make right investments and the property does not have any hidden problems.

The transparency of the Georgian real estate system gives you all the rights to have access to the cadastral code and the excerpt paper from the Public Register. The paper issued by the Public Register of Georgia, giving out the official information about the property, including the property owner. All you need is to get property’s cadastral code from the seller.

After getting the code you can visit The Justice Hall of Tbilisi or do it online visiting the public registry website of real estate in Georgia.

Yes, if you as a principal grant someone else the necessary powers under a Power of Attorney.

If you are a foreign citizen who does not have a Georgian residence card, a Power of Attorney should be executed by a notary in Georgia. Alternatively, you as the principal are entitled to issue a Power of Attorney in a foreign country, legalize/apostille it in that country, and then send it to your trustee in Georgia, who will translate and notarize it in Georgia.

If you are a Georgian citizen or a foreign citizen who has a Georgian residence card, a Power of Attorney can be executed by a notary in Georgia while you are physically present, or remotely from abroad. This can be done through a video call with the Georgian notary. Also, two witnesses (who will identify you) and a third person (who will sign on your behalf) will need to be present during the call. None of the three persons should have an interest in the execution of the Power of Attorney. The trustee, as well as the three persons present during the call, do not need to be Georgian citizens or have a Georgian residency card.

At the moment of purchase of residential property, you, as a buyer, will not be subject to any taxes.

Generally, capital gains from the sale of residential property are subject to 20% personal income tax. However, if you have owned the property in question for more than 2 years prior to the sale, your income will be tax exempt.

Normally, rental income is subject to a 20% personal income tax. However, if you rent out your property strictly for residential purposes, you can register at the landlord registry and start paying 5% personal income tax on your rental income. Deductions, in this case, won’t be allowed.

Ownership of property with a market value more than the equivalent of $100,000 USD in GEL is grounds for granting a “short-term residence permit”. The short-term residence permit is granted to the owner of the property and his/her family members (i.e., spouse/children. As of May 12th, parents of the owner no longer qualify as family members. Adult children may qualify in some circumstances. Contact us for the latest information on this topic). The duration of the short-term residence permit is for no more than 1 year, but it can be renewed annually so long as the value of the property owned in Georgia continues to meet the required amount. If those requirements cease to be met, the SDA can revoke your residency.

Ownership of property that’s valued at more than the equivalent of 300,000 USD in GEL is grounds for granting an “investment residence permit” (Article 15.h). The investment residence permit is granted to the owner of the property and his/her family members (i.e., spouse/under-aged child). The duration of the investment residence permit can be up to 5 years.

Holding an investment residence permit for 5 years can become grounds for granting a permanent investment residence permit (article 15.k). When the ownership of property becomes grounds for granting a residence permit, it is imperative that the foreign citizen retains ownership of the property, or of a portfolio of properties, with a total value exceeding 300,000 USD.

Yes! Unlike many countries around the world, foreigners buying property in Georgia receive the same benefits as native Georgian buyers. All real estate sales in Georgia are made on a Freehold basis and you can buy in your own name. There’s no need to set up a Georgian company or some other complicated method of owning property in the country.

Yes, and the process is very simple. The two largest banks in Georgia are Bank of Georgia and TBC Bank. Both banks are listed on the London Stock Exchange, are totally secure and have the largest network of branches and ATMs throughout Tbilisi and Georgia. To open a bank account, you just need a copy of your passport and a small fee to purchase a Visa or MasterCard debit card. There are no minimum balance requirements and monthly fees are low. Within 24 hours, you can return to the branch to collect your card, which can be used internationally. Both banks also offer mobile and internet banking services so that you can manage your money from anywhere in the world. Funds can be kept in GEL, USD and EUR

Foreigners are allowed to buy and own all kind of real estates except agriculture lands.

In the country of Georgia, there is no requirement for compulsory insurance of real estate, this issue is left to the discretion of the buyer.

gET iN tOUCH

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Phone Number

+995 577 124 108

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