EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
On June 30, 2025, amendments to the Law on Accumulated Pension were published.
The amendments stipulate that the correction or clarification of the income tax declaration by the employer shall not be regarded as a violation, provided that the pension contribution amount is paid correctly. A penalty will only be imposed if the employer fails to transfer the pension contribution to the employee's pension account within the established timeframe.
On May 7 and 8, 2025, the Pension Fund adopted a legislative package concerning pension contributions, which established new rules and procedures for the selection of an investment portfolio by participants/pension recipients and for exiting the accumulated pension scheme.
Participants/pension recipients may choose their preferred investment portfolio and combinations thereof. In the absence of such a choice, until January 1, 2028, pension assets in individual pension accounts will be invested in a conservative (low-risk) investment portfolio. From January 1, 2028, pension assets for participants under 40 will be invested in a dynamic (high-risk) investment portfolio; for those aged 40 to 50, in a balanced (medium-risk) investment portfolio; and for those aged 50 and above, in a conservative (low-risk) investment portfolio.
On June 26, 2025, the Parliament of Georgia adopted amendments to the Law on Labour Migration.
From the date of entry into force of the amendments, labour immigrants and self-employed foreigners will be obliged to obtain the authorization to work in Georgia.
The authorization to work is granted by the Ministry of Internally Displaced Persons from the Occupied Territories, Labour, Health, and Social Affairs of Georgia.
The duration of the authorization to work will be further defined by a resolution of the Government of Georgia.
Any labour immigrant and local employer engaged in labour activities without the authorization will be fined in the amount of GEL 2,000 individually.
The amendments will enter into legal force from March 1, 2026.
On June 13, 2025, amendments to the Law on the Legal Status of Aliens and Stateless Persons were published.
The amendments introduce a new type of temporary residence permit tailored for individuals working in the field of information technology (IT) and their family members.
To obtain the residence permit, it is necessary for the applicant's annual income derived from activities in the IT sector to exceed USD 25,000.
The residence permit will be issued for 3 years. However, this period may be extended each time for an additional 3 years, with a total duration not exceeding 12 years.
The amendments will enter into legal force from September 1, 2025.
In June 2025, the Parliament of Georgia adopted amendments to the Organic Law on General Courts.
Among other amendments, photography, filming, and video recording, as well as broadcasting and audio recording within the courthouse, in the courtroom, and in the courthouse yard, has been prohibited. Photography, filming, video recording, broadcasting, and audio recording are only permitted with the consent of the High Council of Justice in relation to a specific court session.
Among other amendments, any expression of disrespect towards a judge by any person, in any form, under any circumstances concerning the judge's status has become punishable.
The amendments will be implemented gradually and will enter into full legal force from September 1, 2025.
On June 9, 2025, the Parliament of Georgia published draft amendments to the Law on Design.
Among other amendments, the following will be added to the grounds for refusing registration of a design: contradiction to recognized principles of public order or morality, similarity to symbols protected by the Paris Convention, and similarity to the coat of arms, flag, emblem, or insignia of an international organization, or to the coat of arms, flag, or emblem of the state of Georgia or a local self-government body, not protected by the Paris Convention but has public interest in Georgia.
On April 16, 2025, the Parliament of Georgia adopted amendments to the Law on Grants. The amendments are part of a legislative package that also revised the Law on Combating Corruption, the Administrative Procedure Code of Georgia, and other related acts.
The rules for the use and issuance of grants have been newly regulated. If a grant is used for purposes other than those specified in the grant agreement, the consent of the Government of Georgia or an authorized person/body designated by the Government of Georgia is required, along with the donor's consent. In case of a foreign grant, the consent of the Government of Georgia or the designated authorized body is necessary for the issuance of the grant.
The Anti-Corruption Bureau is authorized to conduct monitoring and, if necessary, request a financial report, as well as to interview or interrogate individuals/natural persons before a magistrate judge.
A grant recipient who acts without consent will be fined twice the amount of the grant.
An individual will be fined in the amount of GEL 2,000 if they provide false information during an interview or interrogation by the Anti-Corruption Bureau. For repeated offense, the individual will be fined double the specified penalty.
On April 15, 2025, the Government of Georgia adopted the Rule on Licensing Tobacco Production.
The Ministry of Environmental Protection and Agriculture of Georgia is designated as the issuing authority for tobacco production license.
The rule establishes the requirements for the material and technical base and laboratory that are held by the license seeker.
The Ministry of Environmental Protection and Agriculture of Georgia is authorized to conduct on-site inspections of the licensing conditions and to make decisions regarding the issuance of the license based on the results of the inspection.
The relevant authority of the Ministry of Finance of Georgia will carry out the compliance control regarding the licensing conditions.
The regulation came into legal force on June 1, 2025.
On April 1, 2025, the Parliament of Georgia adopted Foreign Agents Registration Act. The adoption of this act was preceded by the enactment of the Law on Transparency of Foreign Influence, which established the obligation for an entity to register as an organization carrying out the interests of foreign force. Currently, both legal acts operate in parallel.
The act defines the concepts of foreign principal and agent of a foreign principal.
A person who becomes an agent of a foreign principal is required to apply to the Anti-Corruption Bureau for registration as an agent of a foreign principal within 10 days. This person shall submit documents/information related to their activities along with the registration application to the Anti-Corruption Bureau.
An agent of a foreign principal is required to maintain financial records and other documentation related to their activities during the period of acting as an agent. Such documentation shall be available to the Anti-Corruption Bureau at any time.
A person registered as an agent of a foreign principal shall prominently indicate in all informational materials that they are an agent of a foreign principal.
If a person intentionally provides false information in the registration application or in other documentation submitted to the Anti-Corruption Bureau, they shall be fined no more than GEL 10,000 and/or face imprisonment for up to 5 years.
If a person fails to prominently indicate in informational materials that they are an agent of a foreign principal, a person shall be fined no more than GEL 5,000 and/or face imprisonment for up to six months.