Work Residence Permit in Georgia | Changes Requirements -

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From July the 1st, aliens seeking to Obtain Work Residence Permit in Georgia based on their Business Activities will face do meet bit changed requirements. In order to apply for this kind of TR you will additionally need to meet below requirements:

How investor can get work permit in Georgia

Initially, If foreign citizens are interested in setting up for a company in Georgia. Hereby, It will be advantegeus to apply for work residence permit in Georgia. I can remind you this kind of residence permit can be under employment by the both category of people. the first who want to launch a business in Georgia and. the second, who comes for starting freelance work purposes here.

Hereby, the demands regarding to this thing are easily attainable. because of the applicant has to prove that possess the required certain amount of money on account of $1,700 USD. This kind of RP can be under issuance for a period of six months or once a year. but the owners of the permit can also apply for an extension of the terms. which is maximally permitted to grow up to 5 years and what’s important. Hence, our team specialists will assist in this thing , of course.
According, individuals who have started their business activities here in Georgia . after six years can apply for residence permit, even permanent residence permit here.

Documents which are required for obtaining your work permit

In order to carry out entrepreneurial or labor activities in Georgia. here, a foreigner must submit to the Agency in order to obtain a work residence permit:

first, an application in the prescribed form;
second, a copy of the foreign travel document;
third, a copy of a document certifying legal stay in Georgia (immigrant visa D1 / D2);
next, a document certifying employment and entrepreneurial activity (employment contract or other document certifying employment). If the above-mentioned documents do not prove the legal income of a foreigner. then, the amount on the foreigner’s personal bank account may be under consideration as income. the amount of which, taking into account the duration of the work permit, shall not be less than twice the monthly subsistence level of the average consumer in Georgia.
also, photograph, size 3/4;
and, Receipt confirming the payment of the service fee.

2.In order to obtain a residence permit in Georgia, a person of free profession must submit to the Agency:

first, an application in the prescribed form;
second, a copy of the foreign travel document;
third, a copy of the document certifying legal stay in Georgia (immigration visa D1 / D2);
next, Certificate of professional activity
after that, a certificate from the bank, which reflects the amount on their personal account. hence, which should not be less than twice the subsistence level of the average consumer defined in Georgia;
next, Recommendation of a citizen of Georgia or a foreigner with the right of residence in Georgia on the issuance of a work residence permit. Surely, by a foreigner for the purpose of carrying out activities in Georgia in favor of individuals or public interests.
also, Photograph, size 3/4;
and, Receipt confirming the payment of the service fee.

Changes in Minimum Revenue Requirement for Work Residence Permit in Georgia

Prove that your company monthly Revenue is at least 5 times more than Georgian Subsistence Minimum for working age Okay now, do not feel overwhelmed. Let’s take a look at that very minimum. As per national statistics office of Georgia, Subsistence Minimum for May 2019 was 190 GEL. Accordingly, your monthly revenue shall be at least 950 GEL. Well, this make thing little bit more complicated, but still, there is no need to freak out. 950 GEL, in my opinion, is not an unbearable requirement.

Changes in Minimum Turnover Requirement for Work Residence Permit Applicants

According to recent amendments, annual turnover of a company should exceed 50 000 GEL in order to be eligible for Temporary Residence Permit in Georgia for work purposes. In accounting world, turnover is defined as the annual net sales volume. Turnover differs from profit. Turnover and profit are beginning and ending points of income statement. Profit is turnover reduced by all kind of operational expenses.

Changes in Temporary Residence Permit on a basis of Real Estate

Alien owning Real Estate Property with Market Value not less than 100 000 USD equivalent to GEL can claim Temporary Residence in Georgia.

SUMMERY on work permit

the minimum amount of money requesting for work permit in Georgia – $1, 700 usd
RP owners can apply for RP term extension
after 6 years work RP owners can apply for permanent RP
The amendments remove possibility for freelance professional to get Georgian residence permit and establish additional requirements for Georgian work residence permit seeker who shall present the following documents: (1) document confirming labor or entrepreneurial activities in Georgia; (2) document confirming that monthly salary/income of an alien amounts to at least quintuple amount of minimum wage established in Georgia; (3) document confirming that annual turnover of a company employing foreigner or established by foreigner amounts to at least GEL 50,000 per each permit seeker. Lower annual turnover in the amount of GEL 35,000 is established for educational and medical entities.
According to recent amendments, annual turnover of a company should exceed 50 000 GEL

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Be aware that resent changes also apply on other two types of residence permits: Investment Residence and Permanent Residence Permits. Check out Changes in Investment Residence Permit here. Complete Extract of the law.

FAQs:

What are the most common residence permits in Georgia?

The most widely used and most common TR for foreigners are work permits and investment residence permits. Work Permit is based on your entrepreneurial activities or employment. Either you have to be employed in Georgia and based on employment apply for a temporary residence permit or conduct business activity. Registering a business does not automatically grant you the right to claim residency. You have to meet some requirements. Such as a minimum turnover of 50 000 Gel for example. Work residence permits are given for a period of 1 or 2 years, depending on your scenario.

The investment residence permit is given to those who purchase properties in Georgia at least 100 000 USD value. It’s a simple procedure to claim 5 years of residency straight away with real estate investment. After 5 years you are eligible to claim your citizenship in both scenarios.