Opening a recruitment company in Georgia is a straightforward process. It involves complying with the legal requirements, preparing the statutory documents, and registering with relevant authorities. We can assist in the entire company formation procedure and we also offer support in conforming with the local labor laws.
The employment market in Georgia is dynamic and the country is constantly developing. Thus, opening a recruitment company in Georgia is a good business option for foreign investors who want to open a business in this Caucasian country.
A recruitment company in Georgia provides valuable tools and solutions for other companies in search of personnel. This type of company finds the best candidates for their clients and takes the time to use special tools and strategies to find the best employees, an otherwise lengthy and demanding process for any company in Georgia.
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How to set up a recruitment company in Georgia
In order to open a recruitment company in Georgia, an investor must first pick the suitable business form. There are different types of companies available in Georgia, based on the share capital requirements and other incorporation rules. The investor can choose the type of company most suitable for his business. Our company formation agents in Georgia can offer you a detailed description of each type of Georgian company.
The general steps for setting up a company in Georgia include:
- Select the appropriate legal structure for your recruitment company;
- Choose an available name for your business, which must be unique;
- Register a local address for your business. This is mandatory for opening a recruitment company in Georgia as it will serve as the business’ official location for legal correspondence;
- Deposit the minimum shared capital, if required, into a local bank account. Our specialists in company formation in Georgia recommend all businesses open a local bank account to facilitate financial transactions;
- Prepare the required documents (Articles of Association, shareholder agreements if applicable, ID documents of shareholders/directors, etc.);
- Submit all documents to The National Agency of Public Registry (NAPR);
- Register with the Georgian Revenue Service for tax matters.
Setting up a recruitment company in Georgia is a relatively straightforward process. However, entrepreneurs are advised to seek legal guidance to comply with local regulations.
Alternatively, international recruitment companies can open a branch or a subsidiary in Georgia. The difference between the two business forms lies in the parent company’s responsibility and one of our company formation agents in Georgia can help you make the best choice.
Recruiting personnel in Georgia
A recruitment company in Georgia acts as an intermediate between a company that wants to hire employees and the individuals looking for a job. The workforce in Georgia has various educational backgrounds and is highly educated and talented. Finding the perfect candidate can be a demanding task and companies usually request the services of a professional recruiter who can make sure to pick the right candidate for the job.
A recruitment company in Georgia that is working for a client company will evaluate the candidates suitable for the open position and will place them accordingly. The payment method varies, but recruitment agencies are either paid on a fixed basis or based on the employee’s starting salary.
We can help you set up a business in Georgia to meet your professional needs.
Working hours and overtime in Georgia
Opening a recruitment company in Georgia involves being informed about labor laws, including regulations on working hours and overtime.
According to Article 24 of the Labour Code, employees cannot exceed working the maximum legal hours, no matter the type of employment contract (individual or collective). The standard working hours are 40 hours/week. However, for certain industries requiring uninterrupted work, the limit can be extended to 48 hours/week. Our specialists in company incorporation in Georgia can provide details about these industries.
Please note that minors aged 16-18 can only work 36 hours/week and 6 hours/day. Minors aged 14-16 can only work 24 hours/week and 4 hours/day. Although the legal employment age is 16, minors under 16 can work if they have the consent of their legal representative or a guardianship authority. If you want to set up a recruitment company in Georgia that also places minors for employment, these conditions and very important.
Regarding overtime, the Labour Code does not set a maximum limit on the total amount of overtime work. However, employees who work beyond their standard workweek schedule must be compensated at an increased hourly rate. The exact rate is determined by the employment contract. There is also the option to offer compensatory rest time instead of monetary compensation.
Our team can help you open a company in Georgia and we can also offer more details about the applicable labor laws.
Statistics about employment in Georgia
If you want to set up a recruitment company in Georgia, you must be familiar with the labor market in the country. Our team has selected some relevant statistics on this subject from the second quarter of 2024:
- The labor force in Georgia accounted for 1.6 million persons;
- Approximately 1.3 million individuals were actively employed;
- 219,700 individuals were unemployed.
If you need more of our services, we can also recommend our partners accountants in Georgia.
If you want to know more about company registration in Georgia, please contact one of our Georgian company incorporation agents. We will help you open a company there.