Person is a High Net Worth Individual if: 1) the value of his/her confirmed property is more than GEL 3 000 000 (approx.$900 000), or 2) his/her annual income exceeds GEL 200 000 (approx. $60 200) in all of the three years before the year he/she submits the application. High Net Worth Individual must have either a Georgian legal residency or Georgian nationality or, the applicant must verify that he/she receives at least GEL 25000 (approx. 7500 USD) annual income from Georgian source.