The Concept of Investment and the Subjects of Investment Activity
The Georgian law on the promotion and guarantees of investment activity treats as an investment every kind of property and intellectual value or right that is invested and used for the purpose of deriving profit in entrepreneurial activity carried out on the territory of Georgia. Such values may be monetary funds, shares, stocks and other securities; immovable and movable property — land, buildings and structures, equipment; the right to use land or other natural resources, including a concession; a patent, a licence, know-how, experience and other intellectual values.
An investor is a natural or legal person, as well as an international organisation, that makes investments in Georgia. A foreign investor, under the law, is a citizen of a foreign state, a stateless person who does not permanently reside in Georgia, a citizen of Georgia permanently residing abroad, and a legal entity registered beyond the borders of Georgia. On the territory of Georgia an investment may be made in an object of any form of ownership unless it is prohibited by law; for the objects listed by the law, investment is possible only on the basis of an appropriate special permit or licence.