Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
€ 23000
per

Your estimated
City
free-cash

Batumi , Georgia
€17109
€16220
€18029
€13659
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
23 000
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
230
total
-
-
-
230
Employee
5 926
-
23 000
-
income
1 185
-
4 600
-
total
1 185
-
4 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

17 074
23 000
-
-
total
-
-
-
-
Dividends
17 074
23 000
-
-
withholding
854
1 150
-
-
total
854
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
2 039
1 150
4 600
230
After tax
20 961
21 850
18 400
22 770
Living cost
4 741
4 741
4 741
4 741
Free-cash
16 220
17 109
13 659
18 029

Estimated living cost  is €4741 per year

€2938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€130
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€1278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Tbilisi , Georgia
€14462
€13077
€15382
€11012
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
23 000
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
230
total
-
-
-
230
Employee
9 235
-
23 000
-
income
1 847
-
4 600
-
total
1 847
-
4 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

13 765
23 000
-
-
total
-
-
-
-
Dividends
13 765
23 000
-
-
withholding
688
1 150
-
-
total
688
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
2 535
1 150
4 600
230
After tax
20 465
21 850
18 400
22 770
Living cost
7 388
7 388
7 388
7 388
Free-cash
13 077
14 462
11 012
15 382

Estimated living cost  is €7388 per year

€4999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€1830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

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Additional information

Source

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