Comprehensive Guide to Work Residence Permits in Georgia
Eligibility criteria
Work residence permits in Georgia are issued to two main groups:
- Labor migrants: people who are registered in the Ministry of Internal Displaced Persons, Labor, Health and Social Protection from the occupied territories of Georgia.
- Foreign entrepreneurs: Foreign nationals who have entrepreneurial activities in Georgia.
Financial requirements
To be eligible, applicants must meet the following financial requirements:
Monthly income/salary: at least 5 times the average subsistence minimum in Georgia. This amount changes regularly, so be sure to check back for the latest information.
Annual turnover of the company:
- For most businesses: at least 50,000 GEL
- For educational or medical institutions: at least 35,000 GEL
Required documents
Applicants must submit the following documents:
- Application form: completed with all necessary information, including the unique registration code (for migrant workers).
- Copy of travel document: usually a valid passport.
- Proof of legal residence: a document that shows that the applicant legally resides in Georgia.
- Employment certificate: employment contract or other documents that confirm work or entrepreneurial activity.
- Income certificate: a document that shows that the monthly income is higher than the minimum set.
- Turnover document: issued by the Revenue Department, which confirms the company’s annual turnover.
- Notification of the number of foreign applicants: a report of the number of foreign nationals who have applied for a work residence permit in the company.
Additional notes
- Authority of the agency: The immigration agency may request additional documents if needed.
- Exceptional conditions: In cases where it is impossible to provide some documents, the agency may accept alternative documents, provided that they prove the legal conditions.
The importance of an experienced accountant in the process of obtaining a work residence permit
In the process of applying for and maintaining a work residence permit in Georgia, the role of an experienced, experienced and committed accountant is crucial. The reasons for this importance are:
- Accuracy in financial reports: A professional accountant can ensure that all financial reports required for an application are accurate and compliant with Georgia standards.
- Turnover Management: Considering the turnover requirements for companies, a skilled accountant can provide strategies to optimize and manage the turnover.
- Tax Compliance: A professional accountant is aware of the latest Georgia tax laws and regulations and can ensure that your company complies with all legal requirements.
- Detailed documentation: preparation and maintenance of detailed financial documents that are necessary for the renewal of the work residence permit.
- Strategic advice: An experienced accountant can advise on the best financial structure to meet work residence permit requirements.
- Communication with the authorities: If needed, the accountant can help in communication with the tax and immigration authorities and provide the necessary technical explanations.
- Forecasting and planning: help with financial forecasting and planning to ensure that the requirements for a work residence permit are maintained over time.
- Risk reduction: By being careful in financial and tax matters, the risk of application rejection or cancellation of work residence permit due to financial issues is reduced.
Therefore, it is recommended that applicants for a work residence permit in Georgia use the services of an accredited accountant familiar with the immigration and financial laws of Georgia. This investment can significantly increase the chances of success in obtaining and maintaining a work residence permit.
