Georgia

Last Update by Cecilia, 28 Nov 2024

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Exchange Rate

01 Dec 2024

 

Cost of Living

Indicative value for a working adult in a city: Tbilisi

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (GEL)
McDonalds Set Meal 22
Monthly Train and Bus Tickets 40
3 Bedrooms Rental (City Center) 3,840
3 Bedrooms Rental (Outskirt) 2,295

Current Inflation Rate

0.5%

Wage

Minimum Wages

  • There is no statutory minimum wage

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (GEL)
Entry-Level
Fresh Graduate
 1,500
Mid-Level
5 Years
 2,500
Experienced & Managerial Level
10 Years
 4,000
Specialized & Senior-Level
15 Years
 5,000

Annual Salary Growth

2%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Pension 2% 2% Georgia residents up to 60 years old

Other Benefit

Other common employment benefits in Georgia include:

  • 13th salary, not mandatory, usually paid in December
  • Private healt insurance: Around GEL 100 per month

Income Tax

Residents

  • Tax period: 1st January - 31st December
    Filing Due Date: 1st April the following year
  • Flat income tax - 20%

Non-residents

  • Depends on the double taxation agreement between countries. Typically, only income originating in Georgia is taxed, the rate is same as residents
  • A tax resident is an individual who meets one of following criteria:
    - Residence in Georgia for at least 183 days in a 12 months period
    - Have their centre of life interests in Georgia

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 hours
Monday - Friday

Overtime

Maximum 8 overtime hours per week

  • All overtime: Paid at 150% of the regular hourly rate

Employment Contract

Permanent

Contract Format

Can be oral or written in Georgian or bilingual. Contracts over 1 month must be in writing and sent to staff within 14 business days

Payroll Currency

GEL

Probation

Up to 6 months

Termination

The contract may be terminated by the employer, the employee or by mutual agreement

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation - No notice - No notice - No notice
Notice Period - Regular - 30 days notice - 30 days notice - 30 days notice
Severance Pay - - 1 month salary - 1 month salary

Public Holiday

15 days

Country Level

Date Name
01 Jan - 02 Jan New Year's Day
07 Jan Orthodox Christmas Day
19 Jan Orthodox Epiphany
03 Mar Mother's Day
08 Mar International Women's Day
09 Apr Independence Restoration Day
03 May - 06 May Orthodox Easter
09 May Victory Day
12 May St Andrew's Day
26 May Independence Day
28 Aug Day of Assumption of Mary
14 Oct Svetitskholvloba
23 Nov St George's Day

Leave

Leave Type Entitlement Notes
Annual leave 24 working days All staff with 11 months service
Sick leave 60 calendar days per 6 month period All staff
Maternity leave 126 calendar days- single birth
143 calendar days- complicated births or twins 		All expectant mothers
Parental Leave 57 calendar days All mothers and fathers

Reference

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