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Are you a retiree looking forward to enjoying some of the things you love? Grandchildren? hobbies? traveling?

But you are concerned that your retirement nest egg is quickly disappearing due to high government taxes?

Some of The Taxes You Will See In Europe

Government taxes in Europe’s favorite retirement zones are at all time highs and are showing no sign of going down anytime soon.

Here is a list of some of the taxes cutting into your retirement nest egg,

• VAT tax
• Fuel tax
• Capital gains tax
• Alcohol tax
• Profit tax
• All government taxes disguised as license fees
• Etc, etc

Add it all up and government taxes and fees can take over 50% of your after-tax retirement income. You worked long and hard for this and have already paid the taxes from your employment income. 

Reducing the money you need to:

• Travel to visit friends and family.
• Fund your favorite charities
• Travel to new countries to explore culture and cuisine
• Buy your dream retirement home near the beach in a comfortable climate
• Drive the vehicle you always wanted
• Attend events and galas that make your mood soar

Does A Retirement  Haven Exist Where The Climate Is Nice And The Taxes Are Lower?

Factors considered when retiring are more than low taxes and good climate. Good health care facilities and doctors are important. 

Personal safety and safe neighborhoods are also important for visiting  family,  grandchildren and friends..

Standard of living is important as well with shopping and infrastructure in place to meet and exceed you current standard of living.

But Where Can You Find This Retirement Haven With Low Taxes and Good Standard Of Living?

Georgia has quietly become a stable and growing country since becoming an independent state. Being an European Union applicant has solidified Georgia’s place as a safe, prosperous country with good healthcare, climate and low taxes.

Moving your tax residency to Georgia can reduce your  tax liabilities up to 37% depending on where your tax residency is now. Read more below to learn more about the Georgian retirement advantage.

Why Georgia Has A Competitive Retirement Advantage In Europe

• Georgia has few and low taxes.
• Georgia accepts most foreigners without a need for visa.
• Georgia is ranked 5th safest country in the World.
• Georgia’s healthcare meets or exceed many European standards.
• Georgia climate is considered moderate to sub-tropical.
• Georgia has properties on the beach of the Black Sea
• Registering property in Georgia is 4th easiest place in the world.
• Georgia is located in a strategic location next to Asia, Africa and Europe.
• Georgian banks are safe and stable.
• Georgian banks accept four currencies as standard USD, Euro, Pounds and Lari
• בנקים גאורגים משלמים ריבית גבוהה

The image above displays all the taxes that are currently payable in Georgia. As a foreign retiree it is possible to pay no taxes other than VAT on day to day purchases such as utilities and food and vehicle related expenses if you own a vehicle.

Georgia accepts most foreigners without a visa from Europe, the Americas and Australia. They even have an easy online application in case you do not live in one of the above countries. https://www.evisa.gov.ge/GeoVisa/en/VisaApp

  Georgia is ranked 5th safest country in the world.  Safe neighborhoods are an important consideration when choosing your retirement haven. https://www.numbeo.com/crime/rankings_by_country.jsp

The climate in Georgia is considered moderate to sub-tropical according to its relation to the Black and Caspian Sea. https://www.advantour.com/georgia/climate.htm. Winters average 7C with rainfall with summers averaging 23C.

Batumi is a newly developing tourist destination on the Black Sea that offers beachfront properties that cost much lower than an equivalent beachfront property in the rest of the world.  As of this writing in 2021 beachfront property can still be purchased for $1300 m2. Property can be owned by a foreigner in Georgia and is considered the 4th easiest country in the world to register a property.

 If you are a world explorer Georgia opens up a lot of opportunities to see Europe, Asia and Africa. Strategically located in the center of all three of these continents traveling has never been easier.

Retirement living would not be complete without a stable banking and financial  institutions. Two of the more established Georgian banks (TBC Bank and Bank of Georgia) are both traded on the London stock exchange and their clearing house is in Barclays in London. 

Not only is your money safe but you can collect high interest rates on debit card accounts and term deposits. High interest rates can be earned on term USD, Euro and Pounds balance as well. The Georgian currency the Lari is also a stable  as currencies around Georgia have become devalued over time. (Russian Ruble, Turkish Lira, Armenian Dollar)

סיכום

Georgia has quickly become a preferred destination of  retirees around the world. Ease of buying property, low taxes, stable banking, moderate climate, good healthcare gives you the advantage in today’s ever increasing taxes in the developing world.