Overview
Payroll Cycle
Employer Contributions
Employee Contributions
Minimum Wage
Hiring
Hiring Employees
Hiring Contractors
Hiring Expats
Background Checks
Employment Contracts
Onboarding
Employee Benefits
Social Security
Healthcare and Insurance
Leave Policy
Public Holidays
Work Permit and Work Visa
Probation Period
Notice Period
Termination and Severance
Personal Income Tax
Employer of Record in Egypt offers comprehensive solutions for companies seeking to navigate the complexities of payroll management, employer and employee contributions, minimum wage compliance, hiring procedures, background checks, employment contracts, onboarding processes, employee benefits, social security obligations, healthcare and insurance provisions, leave policies, public holidays, work permits and visas, probation periods, notice periods, as well as termination and severance requirements. Additionally, it addresses the intricacies of personal income tax regulations, ensuring compliance and smooth operations for businesses operating in Egypt.
| Continent | Asia |
| Country | Georgia |
| Capital | Tbilisi |
| Time zone | UTC+04:00 |
| Total Time zones | 1 |
| Personal Tax filing deadline | 31-Mar |
| Financial Year | 1st January to 31st December |
Mandatory Employee Benefits in Georgia
Pension Savings Scheme
This benefit applies to Georgian citizens who are employed or self-employed and receive income from employment or self-employment. The exception is for non-resident individuals. It also applies to foreign citizens and stateless persons permanently residing in Georgia, except for non-resident individuals.
Enrollment into the Pension Savings Scheme is voluntary for all employees who are 60 years old (in the case of women, 55 years).
An employee who has attained 40 years before the enactment of this Law and who does not want to be a participant, shall be entitled to leave the Pension Savings Scheme.
The pension contributions of participant employees shall be financed in the following manner:
- The Employer shall pay on behalf of each Employee participant through the electronic system into the Individual Pension Account of the Employee the contribution equal to two percent (2%) of the taxable Wage of such Employee.
- Self-Employed participant shall pay four percent (4%) of his or her annual income.
- For the benefit of each Participant, the State shall pay to the Individual Pension Account of each Participant two percent (2%) of his/her taxable Wage and/or Income of the Self- employed not to exceed twenty four thousand (24,000) Lari paid in the form of annual wages and/or received in the form of income by self-employed persons, or one percent (1%) of the Wage and/or Income of the Self-employed for the amount between twenty four thousand (24,000) Lari and sixty thousand (60,000) Lari. The State shall not contribute for the amount of Participant’s taxable annual Wage and/or the Income of the Self-employed which exceeds sixty thousand (60,000) Lari.
For this purpose, the law established an independent legal entity under public law – the Pension Agency, which is responsible for the implementation, management, and administration of the funded pension scheme and is organized in such a way as to ensure the safety of participants’ pension assets and long-term investment returns.
Employees’ Mandatory Personal Accident Insurance
Since 2019, by the decision of the Government of Georgia, insurance has become mandatory for employers to provide compulsory accident insurance for employees performing hazardous work.
Purchase of Compulsory Insurance has become mandatory for all legal entities, including self-employed persons who were granted the status of a high-risk work performer according to the Government Resolution of July 27, 2018.
Employees’ insurance is an additional benefit offered by an employer that provides an increased employee satisfaction.
Financing of Healthcare
In 2013 the Georgian government launched the ‘State Universal Health Care Program’, a minimum service package for all citizens with no state or private insurance. Yet out-of-pocket expenditure remains a barrier to accessing health services. The Georgian Healthcare System State Concept 2014-2020 serves as a national health plan, with heavy emphasis on health in all policies. The UHC Partnership will support the review and operationalization of the primary care strategy 2016-2023 as well as build capacity around strategic purchasing, with the goal of enhancing efficiency in the organization and delivery of publicly financed health services.
Citizens whose income exceeds 40,000 GEL per year and citizens with private insurance can’t be the participants of Universal Health Care Program.
Also, some large or international companies provide employees with private insurance.