307,000 private owners register land since 2016
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More than 307,000 Georgian citizens have registered land since 2016 when Georgia simplified its land registration procedures and removed barriers facing private owners who want to officially register land.
Amendments to the legislation included:
- Development of a unified standard for surveying drawings;
- The state will help private owners to proccure ownership documents;
- The state will help owners to resolve land disputes.
The new rules were introduced by the Minister of Justice of Georgia following consultations with industry insiders.
Introducing the updates to the registration process today, Georgian Minister of Justice Thea Tsulukiani said a great number of employees of the public registry are working to make sure that citizens have their lands properly registered in time.
Georgia has become one of the first countries in the world to use the Bitcoin currency and platform to complete property-related government transactions.
Georgia is simplifying its land land registration procedures and removing the barriers facing private owners who want to officially register their land.
Georgia is removing the barriers facing private owners who want to officially register their land.
The Government believed the new rules were balanced where on one hand protected Georgia’s national interests and at the same time defended the rights of foreign investors.