What investment, capital, income, revenue, funding or viability evidence is central to this pathway?
The alien must demonstrate monthly income/remuneration from entrepreneurial or labour activities in Georgia of at least five times the minimum subsistence level for the average consumer in Georgia, or have equivalent funds in a personal bank account. Additionally, the employer/enterprise must have an annual turnover of at least GEL 50,000 per alien (or GEL 35,000 for educational institutions or medical facilities).
See recorded sources
- Work Residence Permit
e) Document confirming that an alien’s monthly income/remuneration earned from entrepreneurial or labour activities in Georgia is not less than the fivefold amount of the minimum subsistence level for the average consumer in Georgia. If the legal income of an alien cannot be proven with the documents of entrepreneurial or labour activities in Georgia (labour contract or any other proof of employment document), money deposited to an alien’s personal bank account may also be considered as an income (including a reference issued by a bank); taking into account the validity term of the work residence permit, the monthly amount of the money in an alien’s personal bank account should not be less than the fivefold amount of the minimum subsistence level for the average consumer in Georgia;
- Work Residence Permit
f) Document issued by the LEPL Revenue Service proving that annual turnover of an alien’s employer/an enterprise founded by an alien (except for educational institutions or medical facilities) is not less than GEL 50 000 per alien seeking a work residence permit, and annual turnover of an educational institution or a medical facility is at least GEL 35 000 per each alien seeking a work residence permit;