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Investors Handbook-A Legal Guide to Business in Georgia
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Investors Handbook. A Legal Guide to Business in Georgia

registration fee has to be attached to the application. The fee for registration of ownership and other rights on immovable property is 50 GEL (registra- tion is accomplished in 4 working days). However, registration during one working day costs 150 GEL, while 200 GEL on same date of application Legislative Base Law on State property 12. 07. 2010. Article 2. Definition of terms used in this law a) The State property ­ movables and immovables, intangible property being in the ownership of State; c) Privatization ­ purchase of ownership right on the State property by physical or legal per- sons or their associations via electronic or/and public auction or in the form of direct selling and free of charge transfer in accordance with the rules set forth in this law; d) Transfer of State property to use ­ transfer of State property with the right on use in accor- dance with Georgian legislation; 100

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