Freedom Score

Emigrating from Bosnia & Herzegovina to Georgia: tax and cost of living

How does Georgia score against Bosnia & Herzegovina? The Freedom Score weighs six dimensions, built on primary government sources.

Net per month€2,970
Per year vs. Bosnia & Herzegovina+€13,100

Small Business 1% revenue · Digital nomad visa

Tax

100/100

Residency

87/100

Cost of living

86/100

Living environment

65/100

Mobility

62/100

Ownership

85/100

Compared by dimension

On an average Bosnia & Herzegovina income of €36,000 gross per year, you keep €35,640 net in Georgia: a difference of €13,100 per year compared with Bosnia & Herzegovina.

  • Tax: on this income Georgia lands at an effective rate of about 1%, against 37% in Bosnia & Herzegovina.
  • Passport and mobility: from Georgia you travel visa-free to 57 countries.
  • Residency: on our accessibility scale Georgia scores 87 out of 100 for obtaining residency.
  • Living environment: banking, internet, safety and healthcare together give Georgia a living-environment score of 65 out of 100.

The tax regime in Georgia

Georgia applies a flat 20% personal income tax. Small business owners below GEL 500,000 turnover may elect the 1% Small Business regime. IT companies in the Virtual Zone pay 0% on foreign-source income.

Residency and visas in Georgia

EU/US/NL nationals may stay up to 365 days per year visa-free. A temporary residence permit is obtainable via the Revenue Service (RS). Permanent residency is available after 6 years of legal stay.

  • Temporary Residence Permit - Property Ownership · €92,000 · 6 years to permanent residency
  • Temporary Residence Permit - Employment · 6 years to permanent residency
  • Small Business / Individual Entrepreneur Registration · 6 years to permanent residency
  • Virtual Zone Company Residence · 6 years to permanent residency
Read the full guide to GeorgiaTax, residency routes, property rules and quality of life, with sources.

Frequently asked questions

What is the financial difference between Bosnia & Herzegovina and Georgia?
On an average Bosnia & Herzegovina income it differs by roughly €13,100 net per year. Your own figure depends on your income and situation; calculate it with the free freedom check.
Is this tax advice?
No. Libaros compares on the basis of primary government sources and provides information. For personal decisions, consult a qualified adviser.
What sources is this based on?
The Freedom Score uses the OECD Tax Database, IATA Timatic, the Henley Visa Index and Eurostat, with direct links to primary government sources.
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Figures from primary government sources. Information, not advice.

Sources