Georgia, located in eastern Europe, was named the World’s Greatest Economic Reformer by the World Bank in 2007. After 2003, Georgia witnessed a large flow of Foreign Direct Investments that led to its rapid economic growth. Tourism, agriculture, and mining are among the primary industries in Georgia.
Major economic hubs:
Tbilisi, Kutaisi, Batumi, Rustavi
Skills in demand:
Business Management, Electrical Engineering, Mechanical Engineering, Software Development, Exports, Sales
Some of the top jobs and their corresponding monthly salaries are as follows:
Job Title
Average Monthly Salary (GEL)
Average Monthly Salary (USD)
Accounting Manager
10,000
3,854
Chartered Accountant
5,670
2,185
Office Manager
5,820
2,243
Graphic Designer
3,970
1,530
Business Analyst
8,330
3,211
Employ in Georgia
Employing in Georgia
Below are the key points an employer must keep in mind while seeking employees in Georgia.
Employee Contract
An employment contract in Georgia must be drafted in a language that both parties can understand. If the agreement is drawn in two languages, one of those must be specified as the priority contract.
Probation Period
The probation period for Georgian employees is up to 6 months.
Public and Provincial Holidays
Date
Name
Type
January 1
New Year’s Day
National Holiday
January 2
New Year’s (Day 2)
National Holiday
January 7
Orthodox Christmas Day
National Holiday
January 19
Orthodox Epiphany
National Holiday
March 3
Mothers’ Day
National Holiday
March 8
International Women’s Day
National Holiday
April 9
Independence Restoration Day
National Holiday
April 18
Orthodox Good Friday
National Holiday
April 19
Orthodox Holy Saturday
National Holiday
April 20
Orthodox Easter Sunday
National Holiday
April 21
Orthodox Easter Monday
National Holiday
May 9
Victory Day
National Holiday
May 12
St Andrew’s Day
National Holiday
May 17
Day of Family Purity And Respect for Parents
National Holiday
May 26
Independence Day
National Holiday
August 28
Day of the Assumption of Mary
National Holiday
October 14
Svetitskhovloba
National Holiday
November 23
St George’s Day
National Holiday
Employee Leaves
Type of Leave
Time Period
Mandatory
Annual Leave
24 days
Yes
Sick Leave
30 days
Yes
Maternity Leave
18 weeks
Yes
Probation period
Leave compliance
Public and provincial holidays
Payroll in Georgia
Payroll cycle
The payroll cycle in Georgia is Monthly or Bi-weekly
Minimum wage
The minimum wage in Georgia is GEL 115 for public sector employees and GEL 20 for private sector employees.
Overtime pay
The standard working hours in Georgia are 8 hours per day and 40 hours per week for a five-day workweek. The overtime pay in Georgia is 150% over the employee’s base pay.
How taxes work
Employer Payroll Tax
Type of Contribution
Contribution
Pension
2%
Employee Payroll Tax
Type of Contribution
Contribution
Pension
2%
Employee Income Tax
All Georgian employees must pay the income tax at a flat rate of 20%.
VAT
The standard rate for VAT in Georgia is 18%.
Bonus
13th Month Pay
The 13th-month bonus is not mandatory for Georgian employers.
Employment in Georgia can be terminated both by the employee and the employer. The employer can terminate the employment on substantial grounds. If the employment is terminated without any grounds, the employer must pay a severance to the employee.
Severance pay in Georgia is set to at least one month’s salary.
Visa and immigration
Individuals seeking employment in Georgia can apply for a Type – D visa. The Type – D visa can also be clubbed with a work and residency permit, which is usually valid for one year. Individuals residing in Georgia can apply for permanent residency after six years.
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