Georgia has a population of almost 4 million people, with crucial industries including mining, agriculture, and tourism. There are many types of company formations that can be established, and the corporate tax rate is 15% paid only when profits are distributed.

Labor and Payroll Considerations:

  • Employment contracts must be written for 3 months or longer
  • Minimum wage is 20 Lari per month for workers in the private sector
  • Minimum wage for public sector workers is 115 Lari per month
  • Income tax is withheld from employee pay
  • A defined contribution scheme was developed in 2019 for social security, with employers and employees both contributing 2% of the employee gross salary
  • Foreign workers need a D1 visa and work residence permit

To get started or simplify operations in Georgia, Blue Marble has created cloud-based payroll technology with customized reporting so you can view costs in real time across all countries and currencies. To learn more about simplifying your payroll, click here