The National Agency of Public Registry (NAPR) in Georgia has launched an innovative online service called “გონიერი კონტრაქტი” / “Smart Contract.” This system allows Georgian citizens to remotely purchase real estate and simultaneously transfer funds via a secure escrow account at the Bank of Georgia.

What is a Smart Contract in the Georgian Context?

The Smart Contract is an interactive video-based platform developed by NAPR, enabling Georgian citizens to finalize legally binding real estate transactions online — all under the supervision of a registry specialist. It is not a blockchain-based contract in the technical sense, but rather a “smart” e-government service designed to simplify and speed up real estate transactions.

Supported Transaction Types:

• Real estate purchase and sale
• Mortgage registration

Currently, this service is available only for Georgian citizens acting as private individuals.

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How the Service Works — Step by Step:

1. Booking a session
Via napr.gov.ge, the user selects a date and time for the online session.

2. Confirmation
A confirmation is sent to the provided phone number and email, followed by a link to the video session.

3. Video Call Connection
At the scheduled time, both parties join the video call. Identity is verified through an AI-based recognition system that authenticates official documents.

4. Assistance and Review
A NAPR operator assists with filling in the application, monitors the session, and guides both parties through the entire process.

5. Digital Signature
The agreement is signed electronically — no qualified digital signature or physical stamp is required.

6. Submission
The operator submits the signed documents for official registration in the public registry.

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Key Advantages:

• Remote Access: Participants can complete the transaction from anywhere in the world.
• No Notary or Power of Attorney Required: Only the direct parties involved in the transaction are needed.
• Speed: The entire process takes approximately 30 minutes.
• Legal Validity: The contract is legally binding and holds the same power as a physical signature.
• Security: Funds are held in an escrow account with the Bank of Georgia and only released after the transaction is complete.

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Financial Terms:

• Same-day registration: 350 GEL
• Next business day: 270 GEL
• Within 4 business days: 150 GEL
• Currency: Only Georgian Lari (GEL) is accepted
• Bank requirement: A GEL account with the Bank of Georgia is mandatory

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Technical Requirements:

• A smartphone, laptop, or PC with camera and microphone
• Stable internet connection
• Georgian citizen’s ID card or passport
• Valid email address and phone number

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Who Cannot Use the Service:

• Foreign citizens
• Persons acting via power of attorney
• Minors
• Legal entities (for now)

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Additional Information:

• The full session is audio-video recorded and archived by NAPR as legal proof of the transaction.
• All personal data is protected according to Georgian legislation.
• Official website of the Public Registry (NAPR): https://www.napr.gov.ge/ka/page/frequently-asked-questions/faq-smart-contract