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Country vs country

Georgia vs Bulgaria

Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.

GeorgiaBulgaria
Personal income0% abroad10%
Company tax1% / 15%10%
Minimum days183183
Cost of residencyCheapCheap
Tax on €150,000 a year€0€7,500
Monthly cost for one person, rent included€1,262€1,300
In the EUNoYes
Spanish blacklistNoNo
Crypto gainsRevenue Service treats individuals' crypto sale gains as foreign-source income, which is exempt for individuals.Flat 10% on net annual crypto gains after a 10% deemed expense, about 9% effective. No holding period exemption.
PensionForeign-source income of individuals is exempt, so a foreign pension is not taxed in Georgia.Private and occupational foreign pensions taxed at flat 10%; pensions from mandatory social security systems may be exempt under domestic law. Check treaty.

Who wins

  • Less tax: Georgia
  • Cheaper to live in: Georgia
  • Fewer days required: Tie
  • Easier to settle in: Tie

It depends on your case: your nationality, the country you leave and how you earn your money change the answer.

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