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
€ 24000
per

Your estimated
City
free-cash

Batumi , Georgia
€17291
€14561
€19121
€18161
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%.

-
-
-
24 000
microenterprise

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

-
-
-
240
total
-
-
-
240
Employee
5 799
-
24 000
-
income
1 160
-
4 800
-
total
1 160
-
4 800
-
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%.

18 201
24 000
-
-
total
-
-
-
-
Dividends
18 201
24 000
-
-
withholding
910
1 200
-
-
total
910
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 070
1 200
4 800
240
After tax
21 930
22 800
19 200
23 760
Living cost
4 639
4 639
4 639
4 639
Free-cash
17 291
18 161
14 561
19 121

Estimated living cost  is €4639 per year

€2875
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€386
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€128
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.
€1251
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.

Source of data for Batumi model

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Tbilisi , Georgia
€14216
€11971
€16531
€15571
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%.

-
-
-
24 000
microenterprise

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

-
-
-
240
total
-
-
-
240
Employee
9 036
-
24 000
-
income
1 807
-
4 800
-
total
1 807
-
4 800
-
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%.

14 964
24 000
-
-
total
-
-
-
-
Dividends
14 964
24 000
-
-
withholding
748
1 200
-
-
total
748
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 555
1 200
4 800
240
After tax
21 445
22 800
19 200
23 760
Living cost
7 229
7 229
7 229
7 229
Free-cash
14 216
15 571
11 971
16 531

Estimated living cost  is €7229 per year

€4892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€303
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€242
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.
€1791
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.

Source of data for Tbilisi model

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