Residency by Investment Programs To qualify for a permanent (investor) residence permit you will need to invest at least 300,000 laris (around USD 122,000) in the Georgian economy in the form of loans, term deposits, purchase of real estate or other assets. The value of the investment has to be verified by an independent auditor. Moreover, the application for a permanent residence permit has to be supported by a member of the Georgian government or by three business managers who must be Georgian citizens. As its name suggests, the permanent residence permit is issued for an indefinite period of time. However, the residence card has to be replaced every five years.  Georgia’s police and security service conduct thorough background checks for each candidate. Accordingly, there may be no guarantees that your application will be approved. In practice, applicants from Western countries are treated more favorably, whereas applicants from countries such as Iran, Iraq, Syria or Pakistan