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
€ 31250
per

Your estimated
City
free-cash

Tbilisi , Georgia
€22298
€20913
€23548
€17611
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%.

-
-
-
31 250
microenterprise

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

-
-
-
313
total
-
-
-
313
Employee
9 236
-
31 250
-
income
1 847
-
6 250
-
total
1 847
-
6 250
-
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%.

22 014
31 250
-
-
total
-
-
-
-
Dividends
22 014
31 250
-
-
withholding
1 101
1 563
-
-
total
1 101
1 563
-
-
Income
31 250
31 250
31 250
31 250
Total tax
2 948
1 563
6 250
313
After tax
28 302
29 687
25 000
30 937
Living cost
7 389
7 389
7 389
7 389
Free-cash
20 913
22 298
17 611
23 548

Estimated living cost  is €7389 per year

€5000
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.
€1831
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.
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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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