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
₴ 12000
per

Your estimated
City
free-cash

Dresden , Germany
-₴6857
-₴4433
-₴4216
-₴4216
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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
12 000
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
253
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
2 935
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
14
total
-
-
-
3 202
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

16 433
-
12 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 935
-
2 935
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

25
-
14
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

459
-
253
-
total
3 419
-
3 202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
12 000
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
99
-
-
income
-
1 800
-
-
trade
-
1 890
-
-
chamber of commerce
-
82
-
-
total
-
3 871
-
-
Dividends
-
8 129
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
103
-
-
withholding
-
1 869
-
-
total
-
1 972
-
-
Income
12 000
12 000
12 000
12 000
Total tax
3 419
5 843
3 202
3 202
After tax
8 581
6 157
8 798
8 798
Living cost
13 014
13 014
13 014
13 014
Free-cash
-4 433
-6 857
-4 216
-4 216

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3067
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

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-₴14192
-₴24658
-₴13457
-₴13363
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
-
-
-
12 000
municipal
-
-
-
866
pensions
-
-
-
1 440
national
-
-
-
1 342
social contributions
-
-
-
129
total
-
-
-
3 777
Employee
33 608
-
10 374
-
municipal
4 151
-
912
-
pensions
1 344
-
415
-
national
6 433
-
1 414
-
total
11 928
-
2 741
-
Employer
33 608
-
10 374
-
social contributions
361
-
112
-
pensions
2 689
-
830
-
total
3 050
-
942
-
Corporate
-
12 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
2 400
-
-
total
-
2 400
-
-
Dividends
-
9 600
-
-
withholding
-
2 112
-
-
total
-
2 112
-
-
Income
12 000
12 000
12 000
12 000
Total tax
14 978
4 512
3 683
3 777
After tax
-2 978
7 488
8 317
8 223
Living cost
21 680
21 680
21 680
21 680
Free-cash
-24 658
-14 192
-13 363
-13 457

Estimated living cost  is ₴21680 per week

₴14736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
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.
₴4605
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

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴661
-₴3579
-₴92
-₴2053
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

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
12 000
microenterprise
-
-
-
1 800
income
-
-
-
-
surtax
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
1 353
total
-
-
-
3 153
Employee
12 555
-
9 671
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

1 381
-
1 064
-
surtax
-
-
-
-
income
2 235
-
1 721
-
total
3 616
-
2 785
-
Employer
12 555
-
9 671
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

3 024
-
2 329
-
surtax
-
-
-
-
total
3 024
-
2 329
-
Corporate
-
12 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

-
2 400
-
-
total
-
2 400
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

-
9 600
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
6 640
2 400
5 114
3 153
After tax
5 360
9 600
6 886
8 847
Living cost
8 939
8 939
8 939
8 939
Free-cash
-3 579
661
-2 053
-92

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
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.
₴2182
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

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴28254
-₴30666
-₴11081
-₴30666
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
-
-
-
12 000
income
-
-
-
1 080
pensions
-
-
-
2 160
health
-
-
-
1 842
total
-
-
-
5 082
Employee
36 691
36 691
36 691
-
health
5 632
4 790
5 632
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

6 006
6 006
6 006
-
pensions
6 604
5 034
6 604
-
total
18 242
15 830
18 242
-
Employer
36 691
36 691
36 691
-
unemployment
1 321
1 321
1 321
-
pensions
2 554
2 554
2 554
-
health
2 550
2 550
2 550
-
total
6 425
6 425
6 425
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
24 667
22 255
24 667
5 082
After tax
-12 667
-10 255
-12 667
6 918
Living cost
17 999
17 999
17 999
17 999
Free-cash
-30 666
-28 254
-30 666
-11 081

Estimated living cost  is ₴17999 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
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.
₴3335
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

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴10115
-₴19212
-₴10685
-₴10259
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
-
-
-
12 000
municipal
-
-
-
2 542
accident
-
-
-
24
pensions
-
-
-
1 297
other
-
-
-
1 394
unemployment
-
-
-
12
health
-
-
-
749
national
-
-
-
-
total
-
-
-
6 018
Employee
23 749
-
9 131
-
municipal
7 082
-
2 723
-
national
-
-
-
-
total
7 082
-
2 723
-
Employer
23 749
-
9 131
-
accident
48
-
18
-
other
2 760
-
1 061
-
unemployment
627
-
241
-
pensions
2 567
-
987
-
health
1 461
-
562
-
total
7 463
-
2 869
-
Corporate
-
12 000
-
-
income
-
2 640
-
-
total
-
2 640
-
-
Dividends
-
9 360
-
-
withholding
-
2 808
-
-
total
-
2 808
-
-
Income
12 000
12 000
12 000
12 000
Total tax
14 545
5 448
5 592
6 018
After tax
-2 545
6 552
6 408
5 982
Living cost
16 667
16 667
16 667
16 667
Free-cash
-19 212
-10 115
-10 259
-10 685

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3732
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

Source of data for Stockholm model

Close
Hamburg , Germany
-₴10784
-₴9789
-₴8081
-₴8081
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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
12 000
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
253
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
2 935
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
14
total
-
-
-
3 202
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

21 789
-
12 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 935
-
2 935
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

103
-
14
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

1 872
-
253
-
total
4 910
-
3 202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
12 000
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
99
-
-
income
-
1 800
-
-
trade
-
1 974
-
-
chamber of commerce
-
82
-
-
total
-
3 955
-
-
Dividends
-
8 045
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
102
-
-
withholding
-
1 848
-
-
total
-
1 950
-
-
Income
12 000
12 000
12 000
12 000
Total tax
4 910
5 905
3 202
3 202
After tax
7 090
6 095
8 798
8 798
Living cost
16 879
16 879
16 879
16 879
Free-cash
-9 789
-10 784
-8 081
-8 081

Estimated living cost  is ₴16879 per week

₴11288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
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.
₴3558
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

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
-₴11652
-₴9302
-₴4901
-₴7896
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
-
-
-
16 333
income
-
-
-
-
health
-
-
-
417
social contributions
-
-
-
2 548
total
-
-
-
2 965
Employee
33 038
33 038
33 038
-
social contributions
1 605
2 742
925
-
health
329
562
189
-
income
3 469
3 058
3 715
-
total
5 403
6 362
4 829
-
Employer
33 038
33 038
33 038
-
social contributions
1 605
2 742
925
-
health
358
612
206
-
total
1 963
3 354
1 131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
7 366
9 716
5 960
2 965
After tax
4 634
2 284
6 040
9 035
Living cost
13 936
13 936
13 936
13 936
Free-cash
-9 302
-11 652
-7 896
-4 901

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
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.
₴3087
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

Source of data for Limassol model

Close
Budapest , Hungary
-₴924
-₴1452
₴515
-₴842
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
-
-
-
12 000
income
-
-
-
1 467
pensions
-
-
-
1 200
unemployment
-
-
-
180
health
-
-
-
840
total
-
-
-
3 687
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

11 256
4 480
10 042
-
health
788
314
703
-
income
1 376
548
1 228
-
pensions
1 126
448
1 004
-
unemployment
169
67
151
-
total
3 459
1 377
3 086
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

11 256
4 480
10 042
-
pensions
2 195
874
1 958
-
total
2 195
874
1 958
-
Corporate
-
6 647
-
-
income
-
598
-
-
total
-
598
-
-
Dividends
-
6 048
-
-
social contributions
-
1 128
-
-
withholding
-
1 149
-
-
total
-
2 277
-
-
Income
12 000
12 000
12 000
12 000
Total tax
5 654
5 126
5 044
3 687
After tax
6 346
6 874
6 956
8 313
Living cost
7 798
7 798
7 798
7 798
Free-cash
-1 452
-924
-842
515

Estimated living cost  is ₴7798 per week

₴5321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
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.
₴1683
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

Source of data for Budapest model

Close
Tallinn , Estonia
-₴778
-₴4309
-₴2967
-₴2484
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
-
-
-
12 000
income
-
-
-
629
pensions
-
-
-
2 400
health
-
-
-
1 560
total
-
-
-
4 589
Employee
12 189
-
8 969
-
income
1 372
-
751
-
pensions
244
-
179
-
unemployment
195
-
144
-
total
1 811
-
1 074
-
Employer
12 189
-
8 969
-
unemployment
98
-
72
-
pensions
2 438
-
1 794
-
health
1 584
-
1 166
-
total
4 120
-
3 032
-
Corporate
-
12 000
-
-
income
-
2 400
-
-
total
-
2 400
-
-
Dividends
-
9 600
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
5 931
2 400
4 106
4 589
After tax
6 069
9 600
7 894
7 411
Living cost
10 378
10 378
10 378
10 378
Free-cash
-4 309
-778
-2 484
-2 967

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
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.
₴2433
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

Source of data for Tallinn model

Close
Gdansk , Poland
-₴8458
-₴5856
-₴2015
-₴3093
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
-
-
-
12 000
accident
-
-
-
108
income
-
-
-
1 600
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
4 585
Employee
14 834
-
9 969
-
health
1 698
-
1 141
-
income
2 035
-
1 368
-
pensions
1 670
-
1 123
-
total
5 403
-
3 632
-
Employer
14 834
-
9 969
-
accident
248
-
166
-
unemployment
363
-
244
-
pensions
2 412
-
1 621
-
total
3 023
-
2 031
-
Corporate
-
12 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
10 800
-
-
total
-
10 800
-
-
Dividends
-
1 200
-
-
withholding
-
228
-
-
total
-
228
-
-
Income
12 000
12 000
12 000
12 000
Total tax
8 426
11 028
5 663
4 585
After tax
3 574
972
6 337
7 415
Living cost
9 430
9 430
9 430
9 430
Free-cash
-5 856
-8 458
-3 093
-2 015

Estimated living cost  is ₴9430 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
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.
₴1800
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

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴7507
₴6777
₴7987
₴5707
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%.

-
-
-
12 000
microenterprise

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

-
-
-
120
total
-
-
-
120
Employee
4 866
-
12 000
-
income
973
-
2 400
-
total
973
-
2 400
-
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%.

7 134
12 000
-
-
total
-
-
-
-
Dividends
7 134
12 000
-
-
withholding
357
600
-
-
total
357
600
-
-
Income
12 000
12 000
12 000
12 000
Total tax
1 330
600
2 400
120
After tax
10 670
11 400
9 600
11 880
Living cost
3 893
3 893
3 893
3 893
Free-cash
6 777
7 507
5 707
7 987

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
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.
₴1050
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

Close
Bratislava , Slovakia
-₴2632
-₴7533
-₴4950
-₴4416
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
-
-
-
12 000
income
-
-
-
1 524
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
2 880
other
-
-
-
570
health
-
-
-
528
total
-
-
-
5 502
Employee
15 600
-
9 584
-
health
219
-
135
-
income
2 686
-
1 649
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

1 092
-
671
-
unemployment
156
-
96
-
total
4 153
-
2 551
-
Employer
15 600
-
9 584
-
accident
125
-
77
-
other
780
-
479
-
unemployment
156
-
96
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

2 652
-
1 630
-
health
219
-
135
-
total
3 932
-
2 417
-
Corporate
-
12 000
-
-
income
-
2 520
-
-
total
-
2 520
-
-
Dividends
-
9 480
-
-
withholding
-
664
-
-
total
-
664
-
-
Income
12 000
12 000
12 000
12 000
Total tax
8 085
3 184
4 968
5 502
After tax
3 915
8 816
7 032
6 498
Living cost
11 448
11 448
11 448
11 448
Free-cash
-7 533
-2 632
-4 416
-4 950

Estimated living cost  is ₴11448 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
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.
₴2402
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

Source of data for Bratislava model

Close
London , United Kingdom
-₴19712
-₴34177
-₴19393
-₴20195
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
-
-
-
12 000
income
-
-
-
2 327
pensions
-
-
-
363
total
-
-
-
2 690
Employee
40 611
-
11 071
-
health
669
-
63
-
income
7 321
-
2 127
-
pensions
3 918
-
373
-
total
11 908
-
2 563
-
Employer
40 611
-
11 071
-
pensions
4 795
-
718
-
health
771
-
211
-
total
5 566
-
929
-
Corporate
-
12 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
2 280
-
-
total
-
2 280
-
-
Dividends
-
9 720
-
-
withholding
-
729
-
-
total
-
729
-
-
Income
12 000
12 000
12 000
12 000
Total tax
17 474
3 009
3 492
2 690
After tax
-5 474
8 991
8 508
9 310
Living cost
28 703
28 703
28 703
28 703
Free-cash
-34 177
-19 712
-20 195
-19 393

Estimated living cost  is ₴28703 per week

₴21508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
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.
₴3590
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

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴4627
₴2631
₴1363
₴1945
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
-
-
-
12 000
income
-
-
-
1 800
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
1 776
unemployment
-
-
-
48
health
-
-
-
1 380
total
-
-
-
5 004
Employee
7 458
-
10 032
-
health
343
-
461
-
accident

We are using the highest rate at 1.1%.

82
-
110
-
income
746
-
1 003
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

655
-
881
-
total
1 826
-
2 455
-
Employer
7 458
-
10 032
-
accident

We are using the highest rate at 1.1%.

82
-
110
-
unemployment
45
-
60
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

822
-
1 105
-
health
515
-
692
-
total
1 464
-
1 967
-
Corporate
3 078
12 000
-
-
income
308
1 200
-
-
total
308
1 200
-
-
Dividends
2 771
10 800
-
-
withholding
138
540
-
-
total
138
540
-
-
Income
12 000
12 000
12 000
12 000
Total tax
3 736
1 740
4 422
5 004
After tax
8 264
10 260
7 578
6 996
Living cost
5 633
5 633
5 633
5 633
Free-cash
2 631
4 627
1 945
1 363

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
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.
₴1793
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

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴34080
-₴34809
-₴16907
-₴36492
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
-
-
-
12 000
income
-
-
-
1 080
pensions
-
-
-
2 160
health
-
-
-
1 842
total
-
-
-
5 082
Employee
39 834
36 691
36 691
-
health
4 970
4 790
5 632
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

6 006
6 006
6 006
-
pensions
5 034
5 034
6 604
-
total
16 010
15 830
18 242
-
Employer
39 834
36 691
36 691
-
unemployment
1 434
1 321
1 321
-
pensions
2 772
2 554
2 554
-
health
2 768
2 550
2 550
-
total
6 974
6 425
6 425
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
22 984
22 255
24 667
5 082
After tax
-10 984
-10 255
-12 667
6 918
Living cost
23 825
23 825
23 825
23 825
Free-cash
-34 809
-34 080
-36 492
-16 907

Estimated living cost  is ₴23825 per week

₴17575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
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.
₴3849
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

Source of data for Amsterdam model

Close
Brno , Czech Republic
-₴2012
-₴8246
-₴4429
-₴4185
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
-
-
-
12 000
income
-
-
-
1 031
health
-
-
-
1 620
solidarity contribution
-
-
-
-
social contributions
-
-
-
3 504
total
-
-
-
6 155
Employee
15 109
-
8 955
-
social contributions
982
-
582
-
health
2 040
-
1 209
-
solidarity contribution
-
-
-
-
income
1 813
-
1 075
-
total
4 835
-
2 866
-
Employer
15 109
-
8 955
-
social contributions
3 777
-
2 239
-
health
1 360
-
806
-
total
5 137
-
3 045
-
Corporate
-
12 000
-
-
income
-
2 280
-
-
total
-
2 280
-
-
Dividends
-
9 720
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
12 000
12 000
12 000
12 000
Total tax
9 972
3 738
5 911
6 155
After tax
2 028
8 262
6 089
5 845
Living cost
10 274
10 274
10 274
10 274
Free-cash
-8 246
-2 012
-4 185
-4 429

Estimated living cost  is ₴10274 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
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.
₴2205
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

Source of data for Brno model

Close
Milan , Italy
-₴11728
-₴26185
-₴11630
-₴12406
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
-
-
-
12 000
municipal
-
-
-
69
regional
-
-
-
107
national
-
-
-
1 994
social contributions
-
-
-
3 330
total
-
-
-
5 500
Employee
38 185
-
12 000
-
social contributions
12 876
-
4 365
-
regional
360
-
94
-
municipal
202
-
61
-
national
6 617
-
1 756
-
total
20 055
-
6 276
-
Employer
38 185
-
12 000
-
total
-
-
-
-
Corporate
-
12 000
-
-
nationa
-
2 880
-
-
municipal
-
468
-
-
total
-
3 348
-
-
Dividends
-
8 652
-
-
withholding
-
2 250
-
-
total
-
2 250
-
-
Income
12 000
12 000
12 000
12 000
Total tax
20 055
5 598
6 276
5 500
After tax
-8 055
6 402
5 724
6 500
Living cost
18 130
18 130
18 130
18 130
Free-cash
-26 185
-11 728
-12 406
-11 630

Estimated living cost  is ₴18130 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
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.
₴4025
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

Source of data for Milan model

Close
Thessaloniki , Greece
-₴1933
-₴5199
-₴2561
-₴2834
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
-
-
-
12 000
income
-
-
-
1 730
pensions
-
-
-
2 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
852
surtax
-
-
-
-
total
-
-
-
5 080
Employee
14 208
-
9 914
-
other
-
-
-
-
health
363
-
253
-
surtax
46
-
-
-
income
2 382
-
1 662
-
pensions
947
-
661
-
unemployment
989
-
690
-
total
4 727
-
3 266
-
Employer
14 208
-
9 914
-
other
-
-
-
-
unemployment
450
-
314
-
pensions
1 894
-
1 322
-
health
647
-
451
-
total
2 991
-
2 087
-
Corporate
-
12 000
-
-
income
-
3 120
-
-
total
-
3 120
-
-
Dividends
-
8 880
-
-
withholding
-
1 332
-
-
total
-
1 332
-
-
Income
12 000
12 000
12 000
12 000
Total tax
7 718
4 452
5 353
5 080
After tax
4 282
7 548
6 647
6 920
Living cost
9 481
9 481
9 481
9 481
Free-cash
-5 199
-1 933
-2 834
-2 561

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
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.
₴2590
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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴10618
-₴18679
-₴10299
-₴11101
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
-
-
-
12 000
income
-
-
-
2 327
pensions
-
-
-
363
total
-
-
-
2 690
Employee
27 216
-
11 071
-
health
395
-
63
-
income
4 902
-
2 127
-
pensions
2 310
-
373
-
total
7 607
-
2 563
-
Employer
27 216
-
11 071
-
pensions
2 946
-
718
-
health
517
-
211
-
total
3 463
-
929
-
Corporate
-
12 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
2 280
-
-
total
-
2 280
-
-
Dividends
-
9 720
-
-
withholding
-
729
-
-
total
-
729
-
-
Income
12 000
12 000
12 000
12 000
Total tax
11 070
3 009
3 492
2 690
After tax
930
8 991
8 508
9 310
Living cost
19 609
19 609
19 609
19 609
Free-cash
-18 679
-10 618
-11 101
-10 299

Estimated living cost  is ₴19609 per week

₴14691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
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.
₴3243
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

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴27189
-₴29882
-₴22361
-₴23576
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
-
-
-
12 000
city
-
-
-
126
pensions
-
-
-
1 104
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
240
regional
-
-
-
108
health
-
-
-
107
national
-
-
-
-
total
-
-
-
1 685
Employee
38 240
-
10 418
-
city
410
-
107
-
regional
1 252
-
69
-
health
86
-
23
-
pensions
3 213
-
1 235
-
unemployment
-
-
-
-
national
181
-
-
-
total
5 142
-
1 434
-
Employer
38 240
-
10 418
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

765
-
208
-
unemployment
-
-
-
-
pensions
3 213
-
1 235
-
health
86
-
23
-
total
4 064
-
1 466
-
Corporate
-
12 000
-
-
regional
-
2 538
-
-
national
-
1 020
-
-
total
-
3 558
-
-
Dividends
-
8 442
-
-
withholding
-
2 955
-
-
total
-
2 955
-
-
Income
12 000
12 000
12 000
12 000
Total tax
9 206
6 513
2 900
1 685
After tax
2 794
5 487
9 100
10 315
Living cost
32 676
32 676
32 676
32 676
Free-cash
-29 882
-27 189
-23 576
-22 361

Estimated living cost  is ₴32676 per week

₴21249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
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.
₴8094
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

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-₴13649
-₴13821
-₴10885
-₴10885
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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
12 000
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
253
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
2 935
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
14
total
-
-
-
3 202
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

25 821
-
12 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 935
-
2 935
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

167
-
14
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

3 036
-
253
-
total
6 138
-
3 202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
12 000
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
99
-
-
income
-
1 800
-
-
trade
-
2 058
-
-
chamber of commerce
-
82
-
-
total
-
4 039
-
-
Dividends
-
7 961
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
100
-
-
withholding
-
1 827
-
-
total
-
1 927
-
-
Income
12 000
12 000
12 000
12 000
Total tax
6 138
5 966
3 202
3 202
After tax
5 862
6 034
8 798
8 798
Living cost
19 683
19 683
19 683
19 683
Free-cash
-13 821
-13 649
-10 885
-10 885

Estimated living cost  is ₴19683 per week

₴14375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3477
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

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
-₴8652
-₴12129
-₴7329
-₴6850
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
-
-
-
12 000
income
-
-
-
-
pensions
-
-
-
3 800
other
-
-
-
372
health
-
-
-
115
surtax
-
-
-
-
social contributions
-
-
-
342
total
-
-
-
4 629
Employee
18 388
-
9 145
-
social contributions
524
-
260
-
surtax
-
-
-
-
income
1 085
-
-
-
pensions
2 079
-
1 034
-
total
3 688
-
1 294
-
Employer
18 388
-
9 145
-
other
634
-
316
-
social contributions
55
-
28
-
unemployment
744
-
370
-
pensions
3 021
-
1 502
-
health
1 287
-
640
-
total
5 741
-
2 856
-
Corporate
-
12 000
-
-
surtax
-
-
-
-
income
-
3 360
-
-
total
-
3 360
-
-
Dividends
-
8 640
-
-
surtax
-
-
-
-
social contributions
-
1 486
-
-
withholding
-
1 106
-
-
total
-
2 592
-
-
Income
12 000
12 000
12 000
12 000
Total tax
9 429
5 952
4 150
4 629
After tax
2 571
6 048
7 850
7 371
Living cost
14 700
14 700
14 700
14 700
Free-cash
-12 129
-8 652
-6 850
-7 329

Estimated living cost  is ₴14700 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
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.
₴3986
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

Source of data for Nice model

Close
Marseille , France
-₴7195
-₴9541
-₴5872
-₴5393
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
-
-
-
12 000
income
-
-
-
-
pensions
-
-
-
3 800
other
-
-
-
372
health
-
-
-
115
surtax
-
-
-
-
social contributions
-
-
-
342
total
-
-
-
4 629
Employee
16 414
-
9 145
-
social contributions
468
-
260
-
surtax
-
-
-
-
income
846
-
-
-
pensions
1 857
-
1 034
-
total
3 171
-
1 294
-
Employer
16 414
-
9 145
-
other
567
-
316
-
social contributions
49
-
28
-
unemployment
665
-
370
-
pensions
2 697
-
1 502
-
health
1 149
-
640
-
total
5 127
-
2 856
-
Corporate
-
12 000
-
-
surtax
-
-
-
-
income
-
3 360
-
-
total
-
3 360
-
-
Dividends
-
8 640
-
-
surtax
-
-
-
-
social contributions
-
1 486
-
-
withholding
-
1 106
-
-
total
-
2 592
-
-
Income
12 000
12 000
12 000
12 000
Total tax
8 298
5 952
4 150
4 629
After tax
3 702
6 048
7 850
7 371
Living cost
13 243
13 243
13 243
13 243
Free-cash
-9 541
-7 195
-5 393
-5 872

Estimated living cost  is ₴13243 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
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.
₴3967
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

Source of data for Marseille model

Close
Vilnius , Lithuania
-₴1790
-₴3697
-₴1404
-₴1443
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
-
-
-
12 000
income
-
-
-
1 800
health
-
-
-
837
social contributions
-
-
-
1 656
total
-
-
-
4 293
Employee
14 568
-
12 000
-
social contributions
2 011
-
1 656
-
health
1 017
-
837
-
income
2 430
-
1 839
-
total
5 458
-
4 332
-
Employer
14 568
-
12 000
-
total
-
-
-
-
Corporate
-
12 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

-
600
-
-
total
-
600
-
-
Dividends
-
11 400
-
-
health
379
796
-
-
social contributions
749
1 573
-
-
withholding
-
1 710
-
-
total
1 128
4 079
-
-
Income
12 000
12 000
12 000
12 000
Total tax
6 586
4 679
4 332
4 293
After tax
5 414
7 321
7 668
7 707
Living cost
9 111
9 111
9 111
9 111
Free-cash
-3 697
-1 790
-1 443
-1 404

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
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.
₴2241
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

Source of data for Vilnius model

Close
Vienna , Austria
-₴12924
-₴16143
-₴9045
-₴11463
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
-
-
-
12 000
chamber of commerce
-
-
-
48
income
-
-
-
-
pensions
-
-
-
2 220
unemployment
-
-
-
2 635
health
-
-
-
918
surtax
-
-
-
85
total
-
-
-
5 906
Employee
21 472
17 122
17 122
-
other
214
171
88
-
health
831
663
340
-
income
2 444
1 263
1 726
-
pensions
2 199
1 753
899
-
unemployment
644
514
263
-
total
6 332
4 364
3 316
-
Employer
21 472
17 122
17 122
-
accident
279
223
114
-
other
1 020
813
743
-
chamber of commerce
86
68
68
-
unemployment
644
514
263
-
surtax
85
85
85
-
pensions
2 695
2 149
1 102
-
payroll
644
514
514
-
health
811
647
332
-
total
6 264
5 013
3 221
-
Corporate
1 631
1 631
7 149
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

408
408
1 787
-
total
408
408
1 787
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
13 004
9 785
8 324
5 906
After tax
-1 004
2 215
3 676
6 094
Living cost
15 139
15 139
15 139
15 139
Free-cash
-16 143
-12 924
-11 463
-9 045

Estimated living cost  is ₴15139 per week

₴10097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
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.
₴3502
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

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-₴8823
-₴27680
-₴7674
-₴10091
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
-
-
-
12 000
national
-
-
-
3 100
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
708
social contributions
-
-
-
200
total
-
-
-
4 008
Employee

The minimum management director salary is set at €45,000 per year.

30 733
-
9 295
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

1 603
-
485
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

1 444
-
437
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

2 305
-
697
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

267
-
81
-
national
9 449
-
2 020
-
total
15 068
-
3 720
-
Employer

The minimum management director salary is set at €45,000 per year.

30 733
-
9 295
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

400
-
121
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

448
-
135
-
surtax
3 485
-
1 053
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

2 723
-
824
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

1 890
-
572
-
total
8 946
-
2 705
-
Corporate
-
12 000
-
-
surtax
-
48
-
-
income
-
2 400
-
-
total
-
2 448
-
-
Dividends
-
9 552
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

-
2 709
-
-
total
-
2 709
-
-
Income
12 000
12 000
12 000
12 000
Total tax
24 014
5 157
6 425
4 008
After tax
-12 014
6 843
5 575
7 992
Living cost
15 666
15 666
15 666
15 666
Free-cash
-27 680
-8 823
-10 091
-7 674

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3960
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

Source of data for Brussels model

Close
Barcelona , Spain
-₴7361
-₴16205
-₴8713
-₴10241
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
-
-
-
12 000
accident
-
-
-
108
income
-
-
-
1 596
pensions
-
-
-
3 396
other
-
-
-
12
unemployment
-
-
-
84
total
-
-
-
5 196
Employee
21 387
-
7 426
-
other
21
-
15
-
income
4 513
-
1 238
-
pensions
1 005
-
674
-
unemployment
332
-
223
-
total
5 871
-
2 150
-
Employer
21 387
-
7 426
-
accident
423
-
284
-
other
170
-
115
-
unemployment
1 177
-
789
-
pensions
5 047
-
3 386
-
total
6 817
-
4 574
-
Corporate
-
12 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
1 800
-
-
total
-
1 800
-
-
Dividends
-
10 200
-
-
withholding
-
2 044
-
-
total
-
2 044
-
-
Income
12 000
12 000
12 000
12 000
Total tax
12 688
3 844
6 724
5 196
After tax
-688
8 156
5 276
6 804
Living cost
15 517
15 517
15 517
15 517
Free-cash
-16 205
-7 361
-10 241
-8 713

Estimated living cost  is ₴15517 per week

₴11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
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.
₴2766
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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴15138
-₴24425
-₴16828
-₴16830
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
-
-
-
12 000
accident
-
-
-
184
income
-
-
-
-
pensions
-
-
-
3 271
health
-
-
-
1 533
surtax
-
-
-
491
communal
-
-
-
-
total
-
-
-
5 479
Employee
32 537
-
9 556
-
health
1 448
-
910
-
surtax
1 994
-
491
-
income
3 143
-
-
-
pensions
2 603
-
1 636
-
total
9 188
-
3 037
-
Employer
32 537
-
9 556
-
accident
293
-
184
-
pensions
2 603
-
1 636
-
health
992
-
624
-
total
3 888
-
2 444
-
Corporate
-
12 000
-
-
surtax
-
126
-
-
communal
-
-
-
-
income
-
1 800
-
-
total
-
1 926
-
-
Dividends
-
10 073
-
-
income
-
352
-
-
withholding
-
1 511
-
-
total
-
1 863
-
-
Income
12 000
12 000
12 000
12 000
Total tax
13 076
3 789
5 481
5 479
After tax
-1 076
8 211
6 519
6 521
Living cost
23 349
23 349
23 349
23 349
Free-cash
-24 425
-15 138
-16 830
-16 828

Estimated living cost  is ₴23349 per week

₴17515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
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.
₴4171
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

Source of data for Luxembourg model

Close
Athens , Greece
-₴2102
-₴5514
-₴2730
-₴3003
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
-
-
-
12 000
income
-
-
-
1 730
pensions
-
-
-
2 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
852
surtax
-
-
-
-
total
-
-
-
5 080
Employee
14 469
-
9 914
-
other
-
-
-
-
health
369
-
253
-
surtax
51
-
-
-
income
2 426
-
1 662
-
pensions
965
-
661
-
unemployment
1 007
-
690
-
total
4 818
-
3 266
-
Employer
14 469
-
9 914
-
other
-
-
-
-
unemployment
459
-
314
-
pensions
1 929
-
1 322
-
health
658
-
451
-
total
3 046
-
2 087
-
Corporate
-
12 000
-
-
income
-
3 120
-
-
total
-
3 120
-
-
Dividends
-
8 880
-
-
withholding
-
1 332
-
-
total
-
1 332
-
-
Income
12 000
12 000
12 000
12 000
Total tax
7 864
4 452
5 353
5 080
After tax
4 136
7 548
6 647
6 920
Living cost
9 650
9 650
9 650
9 650
Free-cash
-5 514
-2 102
-3 003
-2 730

Estimated living cost  is ₴9650 per week

₴5826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
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.
₴2762
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 of data for Athens model

Close
Naples , Italy
-₴5266
-₴11834
-₴5143
-₴5911
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
-
-
-
12 000
municipal
-
-
-
69
regional
-
-
-
176
national
-
-
-
1 994
social contributions
-
-
-
3 330
total
-
-
-
5 569
Employee
23 833
-
12 000
-
social contributions
8 037
-
4 365
-
regional
321
-
155
-
municipal
126
-
61
-
national
3 776
-
1 756
-
total
12 260
-
6 337
-
Employer
23 833
-
12 000
-
total
-
-
-
-
Corporate
-
12 000
-
-
nationa
-
2 880
-
-
municipal
-
596
-
-
total
-
3 476
-
-
Dividends
-
8 524
-
-
withholding
-
2 216
-
-
total
-
2 216
-
-
Income
12 000
12 000
12 000
12 000
Total tax
12 260
5 692
6 337
5 569
After tax
-260
6 308
5 663
6 431
Living cost
11 574
11 574
11 574
11 574
Free-cash
-11 834
-5 266
-5 911
-5 143

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
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.
₴3005
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

Source of data for Naples model

Close
Prague , Czech Republic
-₴4399
-₴12950
-₴6816
-₴6572
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
-
-
-
12 000
income
-
-
-
1 031
health
-
-
-
1 620
solidarity contribution
-
-
-
-
social contributions
-
-
-
3 504
total
-
-
-
6 155
Employee
18 619
-
8 955
-
social contributions
1 210
-
582
-
health
2 514
-
1 209
-
solidarity contribution
-
-
-
-
income
2 234
-
1 075
-
total
5 958
-
2 866
-
Employer
18 619
-
8 955
-
social contributions
4 655
-
2 239
-
health
1 676
-
806
-
total
6 331
-
3 045
-
Corporate
-
12 000
-
-
income
-
2 280
-
-
total
-
2 280
-
-
Dividends
-
9 720
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
12 000
12 000
12 000
12 000
Total tax
12 289
3 738
5 911
6 155
After tax
-289
8 262
6 089
5 845
Living cost
12 661
12 661
12 661
12 661
Free-cash
-12 950
-4 399
-6 572
-6 816

Estimated living cost  is ₴12661 per week

₴9415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
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.
₴2325
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

Source of data for Prague model

Close
Graz , Austria
-₴11407
-₴12592
-₴7528
-₴9987
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
-
-
-
12 000
chamber of commerce
-
-
-
48
income
-
-
-
-
pensions
-
-
-
2 220
unemployment
-
-
-
2 635
health
-
-
-
918
surtax
-
-
-
-
total
-
-
-
5 821
Employee
18 781
17 122
17 122
-
other
188
171
89
-
health
726
663
342
-
income
1 673
1 263
1 722
-
pensions
1 923
1 753
906
-
unemployment
563
514
266
-
total
5 073
4 364
3 325
-
Employer
18 781
17 122
17 122
-
accident
244
223
115
-
other
892
813
743
-
chamber of commerce
75
68
68
-
unemployment
563
514
266
-
surtax
-
-
-
-
pensions
2 357
2 149
1 111
-
payroll
563
514
514
-
health
710
647
334
-
total
5 404
4 928
3 151
-
Corporate
1 631
1 631
7 219
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

408
408
1 804
-
total
408
408
1 804
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
10 885
9 700
8 280
5 821
After tax
1 115
2 300
3 720
6 179
Living cost
13 707
13 707
13 707
13 707
Free-cash
-12 592
-11 407
-9 987
-7 528

Estimated living cost  is ₴13707 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3840
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

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴5334
₴4196
₴5814
₴3534
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%.

-
-
-
12 000
microenterprise

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

-
-
-
120
total
-
-
-
120
Employee
7 582
-
12 000
-
income
1 517
-
2 400
-
total
1 517
-
2 400
-
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%.

4 418
12 000
-
-
total
-
-
-
-
Dividends
4 418
12 000
-
-
withholding
221
600
-
-
total
221
600
-
-
Income
12 000
12 000
12 000
12 000
Total tax
1 738
600
2 400
120
After tax
10 262
11 400
9 600
11 880
Living cost
6 066
6 066
6 066
6 066
Free-cash
4 196
5 334
3 534
5 814

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
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.
₴1503
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

Close
Ljubljana , Slovenia
-₴3262
-₴9956
-₴4520
-₴4901
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

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
12 000
income
-
-
-
1 605
pensions
-
-
-
2 192
unemployment
-
-
-
18
health
-
-
-
1 181
total
-
-
-
4 996
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

18 999
-
10 383
-
health
1 227
-
671
-
income
3 276
-
1 465
-
pensions
2 945
-
1 609
-
unemployment
27
-
15
-
total
7 475
-
3 760
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

18 999
-
10 383
-
unemployment
11
-
7
-
pensions
1 681
-
919
-
health
1 265
-
691
-
total
2 957
-
1 617
-
Corporate
-
12 000
-
-
income
-
2 280
-
-
total
-
2 280
-
-
Dividends
-
9 720
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
12 000
12 000
12 000
12 000
Total tax
10 432
3 738
5 377
4 996
After tax
1 568
8 262
6 623
7 004
Living cost
11 524
11 524
11 524
11 524
Free-cash
-9 956
-3 262
-4 901
-4 520

Estimated living cost  is ₴11524 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
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.
₴2654
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

Source of data for Ljubljana model

Close
Oslo , Norway
-₴11333
-₴52392
-₴10341
-₴12829
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
-
-
-
12 000
income
-
-
-
2 339
social contributions
-
-
-
1 368
total
-
-
-
3 707
Employee
26 719
-
2 650
-
social contributions
2 191
-
312
-
income
5 894
-
514
-
total
8 085
-
826
-
Employer
26 719
-
2 650
-
social contributions
37 673
-
5 369
-
total
37 673
-
5 369
-
Corporate
-
12 000
-
-
income
-
2 640
-
-
total
-
2 640
-
-
Dividends
-
9 360
-
-
income
-
2 059
-
-
total
-
2 059
-
-
Income
12 000
12 000
12 000
12 000
Total tax
45 758
4 699
6 195
3 707
After tax
-33 758
7 301
5 805
8 293
Living cost
18 634
18 634
18 634
18 634
Free-cash
-52 392
-11 333
-12 829
-10 341

Estimated living cost  is ₴18634 per week

₴12090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
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.
₴4553
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

Source of data for Oslo model

Close
Lisbon , Portugal
-₴6651
-₴12454
-₴6347
-₴6340
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

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
12 000
income
-
-
-
700
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
4 170
total
-
-
-
4 870
Employee
19 761
-
9 697
-
social contributions
2 174
-
1 066
-
surtax
-
-
-
-
income
4 110
-
1 494
-
total
6 284
-
2 560
-
Employer
19 761
-
9 697
-
social contributions
4 693
-
2 303
-
total
4 693
-
2 303
-
Corporate
-
12 000
-
-
surtax
-
-
-
-
income
-
2 520
-
-
total
-
2 520
-
-
Dividends
-
9 480
-
-
withholding
-
2 654
-
-
total
-
2 654
-
-
Income
12 000
12 000
12 000
12 000
Total tax
10 977
5 174
4 863
4 870
After tax
1 023
6 826
7 137
7 130
Living cost
13 477
13 477
13 477
13 477
Free-cash
-12 454
-6 651
-6 340
-6 347

Estimated living cost  is ₴13477 per week

₴10083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
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.
₴2373
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

Source of data for Lisbon model

Close
Paris , France
-₴14704
-₴23315
-₴13381
-₴12902
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
-
-
-
12 000
income
-
-
-
-
pensions
-
-
-
3 800
other
-
-
-
372
health
-
-
-
115
surtax
-
-
-
-
social contributions
-
-
-
342
total
-
-
-
4 629
Employee
26 910
-
9 145
-
social contributions
766
-
260
-
surtax
-
-
-
-
income
2 348
-
-
-
pensions
3 044
-
1 034
-
total
6 158
-
1 294
-
Employer
26 910
-
9 145
-
other
929
-
316
-
social contributions
81
-
28
-
unemployment
1 090
-
370
-
pensions
4 422
-
1 502
-
health
1 883
-
640
-
total
8 405
-
2 856
-
Corporate
-
12 000
-
-
surtax
-
-
-
-
income
-
3 360
-
-
total
-
3 360
-
-
Dividends
-
8 640
-
-
surtax
-
-
-
-
social contributions
-
1 486
-
-
withholding
-
1 106
-
-
total
-
2 592
-
-
Income
12 000
12 000
12 000
12 000
Total tax
14 563
5 952
4 150
4 629
After tax
-2 563
6 048
7 850
7 371
Living cost
20 752
20 752
20 752
20 752
Free-cash
-23 315
-14 704
-12 902
-13 381

Estimated living cost  is ₴20752 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
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.
₴4725
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

Source of data for Paris model

Close
Andorra , Andorra
-₴2115
-₴3954
-₴3555
-₴3200
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
-
-
-
12 000
income
-
-
-
-
social contributions
-
-
-
2 640
total
-
-
-
2 640
Employee
13 813
-
10 390
-
income
-
-
-
-
social contributions
898
-
675
-
total
898
-
675
-
Employer
13 813
-
10 390
-
social contributions
2 141
-
1 610
-
total
2 141
-
1 610
-
Corporate
-
12 000
-
-
income
-
1 200
-
-
total
-
1 200
-
-
Dividends
-
10 800
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
3 039
1 200
2 285
2 640
After tax
8 961
10 800
9 715
9 360
Living cost
12 915
12 915
12 915
12 915
Free-cash
-3 954
-2 115
-3 200
-3 555

Estimated living cost  is ₴12915 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3348
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

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴81611
-₴81611
-₴12086
-₴81611
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
-
-
-
12 000
municipal
-
-
-
1 291
pensions
-
-
-
372
national
-
-
-
801
labour market
-
-
-
930
total
-
-
-
3 394
Employee
87 336
87 336
87 336
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 336
87 336
87 336
-
labour market
6 987
6 987
6 987
-
municipal
18 627
18 627
18 627
-
pensions
248
248
248
-
national
10 688
10 688
10 688
-
total
36 550
36 550
36 550
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
72 919
72 919
72 919
3 394
After tax
-60 919
-60 919
-60 919
8 606
Living cost
20 692
20 692
20 692
20 692
Free-cash
-81 611
-81 611
-81 611
-12 086

Estimated living cost  is ₴20692 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
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.
₴4381
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

Source of data for Copenhagen model

Close
Krakow , Poland
-₴8319
-₴5594
-₴1876
-₴2954
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
-
-
-
12 000
accident
-
-
-
108
income
-
-
-
1 600
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
4 585
Employee
14 615
-
9 969
-
health
1 674
-
1 141
-
income
2 005
-
1 368
-
pensions
1 646
-
1 123
-
total
5 325
-
3 632
-
Employer
14 615
-
9 969
-
accident
244
-
166
-
unemployment
358
-
244
-
pensions
2 376
-
1 621
-
total
2 978
-
2 031
-
Corporate
-
12 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
10 800
-
-
total
-
10 800
-
-
Dividends
-
1 200
-
-
withholding
-
228
-
-
total
-
228
-
-
Income
12 000
12 000
12 000
12 000
Total tax
8 303
11 028
5 663
4 585
After tax
3 697
972
6 337
7 415
Living cost
9 291
9 291
9 291
9 291
Free-cash
-5 594
-8 319
-2 954
-1 876

Estimated living cost  is ₴9291 per week

₴6763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
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.
₴1824
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

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
-₴8192
-₴14871
-₴6661
-₴8900
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

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
12 000
municipal
-
-
-
2 159
health
-
-
-
6
national
-
-
-
-
total
-
-
-
2 165
Employee
22 605
-
10 096
-
health
169
-
-
-
municipal
3 702
-
1 667
-
pensions
1 526
-
682
-
unemployment
339
-
152
-
national
373
-
-
-
total
6 109
-
2 501
-
Employer
22 605
-
10 096
-
accident
23
-
10
-
unemployment
147
-
65
-
pensions
3 922
-
1 751
-
health
174
-
77
-
total
4 266
-
1 903
-
Corporate
-
12 000
-
-
income
-
2 400
-
-
total
-
2 400
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

-
7 200
-
-
national
-
-
-
-
municipal
-
1 296
-
-
total
-
1 296
-
-
Income
12 000
12 000
12 000
12 000
Total tax
10 375
3 696
4 404
2 165
After tax
1 625
8 304
7 596
9 835
Living cost
16 496
16 496
16 496
16 496
Free-cash
-14 871
-8 192
-8 900
-6 661

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
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.
₴3872
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

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
-₴7664
-₴4577
-₴913
-₴3908
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
-
-
-
16 333
income
-
-
-
-
health
-
-
-
417
social contributions
-
-
-
2 548
total
-
-
-
2 965
Employee
33 038
33 038
33 038
-
social contributions
1 249
2 742
925
-
health
256
562
189
-
income
3 597
3 058
3 715
-
total
5 102
6 362
4 829
-
Employer
33 038
33 038
33 038
-
social contributions
1 249
2 742
925
-
health
278
612
206
-
total
1 527
3 354
1 131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
12 000
12 000
12 000
12 000
Total tax
6 629
9 716
5 960
2 965
After tax
5 371
2 284
6 040
9 035
Living cost
9 948
9 948
9 948
9 948
Free-cash
-4 577
-7 664
-3 908
-913

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
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.
₴2790
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

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴3116
₴930
₴183
₴687
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

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
12 000
income
-
-
-
695
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
4 995
Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

9 862
-
10 879
-
health
838
-
925
-
income
674
-
758
-
pensions
1 479
-
1 632
-
unemployment
49
-
55
-
total
3 040
-
3 370
-
Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

9 862
-
10 879
-
unemployment
49
-
55
-
pensions
542
-
598
-
health
424
-
468
-
total
1 015
-
1 121
-
Corporate
1 123
12 000
-
-
income
101
1 080
-
-
total
101
1 080
-
-
Dividends
1 022
10 920
-
-
withholding
92
982
-
-
total
92
982
-
-
Income
12 000
12 000
12 000
12 000
Total tax
4 248
2 062
4 491
4 995
After tax
7 752
9 938
7 509
7 005
Living cost
6 822
6 822
6 822
6 822
Free-cash
930
3 116
687
183

Estimated living cost  is ₴6822 per week

₴4352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
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.
₴1774
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

Source of data for Podgorica model

Close
Valencia , Spain
-₴3659
-₴8951
-₴5011
-₴6539
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
-
-
-
12 000
accident
-
-
-
108
income
-
-
-
1 596
pensions
-
-
-
3 396
other
-
-
-
12
unemployment
-
-
-
84
total
-
-
-
5 196
Employee
15 887
-
7 426
-
other
15
-
15
-
income
3 063
-
1 238
-
pensions
747
-
674
-
unemployment
246
-
223
-
total
4 071
-
2 150
-
Employer
15 887
-
7 426
-
accident
315
-
284
-
other
127
-
115
-
unemployment
874
-
789
-
pensions
3 749
-
3 386
-
total
5 065
-
4 574
-
Corporate
-
12 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
1 800
-
-
total
-
1 800
-
-
Dividends
-
10 200
-
-
withholding
-
2 044
-
-
total
-
2 044
-
-
Income
12 000
12 000
12 000
12 000
Total tax
9 136
3 844
6 724
5 196
After tax
2 864
8 156
5 276
6 804
Living cost
11 815
11 815
11 815
11 815
Free-cash
-8 951
-3 659
-6 539
-5 011

Estimated living cost  is ₴11815 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
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.
₴2497
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

Source of data for Valencia model

Close
Istanbul , Turkey
₴6311
₴6118
₴5933
₴5848
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
-
-
-
12 000
income
-
-
-
3 410
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
4 890
Employee
1 792
-
11 034
-
health
90
-
215
-
income
347
-
3 365
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
4 009
-
Employer
1 792
-
11 034
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
9 804
12 000
-
-
income
2 157
2 640
-
-
total
2 157
2 640
-
-
Dividends
7 647
9 360
-
-
withholding
1 529
1 872
-
-
total
1 529
1 872
-
-
Income
12 000
12 000
12 000
12 000
Total tax
4 705
4 512
4 975
4 890
After tax
7 295
7 488
7 025
7 110
Living cost
1 177
1 177
1 177
1 177
Free-cash
6 118
6 311
5 848
5 933

Estimated living cost  is ₴1177 per week

₴699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
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.
₴355
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 of data for Istanbul model

Close
Belgrade , Serbia
₴1240
-₴1209
-₴1133
-₴615
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

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
12 000
income
-
-
-
1 167
pensions
-
-
-
3 120
unemployment
-
-
-
180
health
-
-
-
1 236
total
-
-
-
5 703
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

11 204
-
10 178
-
health
577
-
524
-
income
1 544
-
1 339
-
pensions
1 569
-
1 425
-
unemployment
84
-
76
-
total
3 774
-
3 364
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

11 204
-
10 178
-
unemployment
84
-
76
-
pensions
1 344
-
1 221
-
health
577
-
524
-
total
2 005
-
1 821
-
Corporate
-
12 000
-
-
income
-
1 800
-
-
total
-
1 800
-
-
Dividends
-
10 200
-
-
withholding
-
1 530
-
-
total
-
1 530
-
-
Income
12 000
12 000
12 000
12 000
Total tax
5 779
3 330
5 185
5 703
After tax
6 221
8 670
6 815
6 297
Living cost
7 430
7 430
7 430
7 430
Free-cash
-1 209
1 240
-615
-1 133

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
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.
₴1638
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

Source of data for Belgrade model

Close
Porto , Portugal
-₴4757
-₴8636
-₴4453
-₴4446
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

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
12 000
income
-
-
-
700
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
4 170
total
-
-
-
4 870
Employee
16 676
-
9 697
-
social contributions
1 835
-
1 066
-
surtax
-
-
-
-
income
3 258
-
1 494
-
total
5 093
-
2 560
-
Employer
16 676
-
9 697
-
social contributions
3 960
-
2 303
-
total
3 960
-
2 303
-
Corporate
-
12 000
-
-
surtax
-
-
-
-
income
-
2 520
-
-
total
-
2 520
-
-
Dividends
-
9 480
-
-
withholding
-
2 654
-
-
total
-
2 654
-
-
Income
12 000
12 000
12 000
12 000
Total tax
9 053
5 174
4 863
4 870
After tax
2 947
6 826
7 137
7 130
Living cost
11 583
11 583
11 583
11 583
Free-cash
-8 636
-4 757
-4 446
-4 453

Estimated living cost  is ₴11583 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
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.
₴2369
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

Source of data for Porto model

Close
Madrid , Spain
-₴6944
-₴15365
-₴8296
-₴9824
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
-
-
-
12 000
accident
-
-
-
108
income
-
-
-
1 596
pensions
-
-
-
3 396
other
-
-
-
12
unemployment
-
-
-
84
total
-
-
-
5 196
Employee
20 750
-
7 426
-
other
20
-
15
-
income
4 334
-
1 238
-
pensions
975
-
674
-
unemployment
321
-
223
-
total
5 650
-
2 150
-
Employer
20 750
-
7 426
-
accident
411
-
284
-
other
166
-
115
-
unemployment
1 141
-
789
-
pensions
4 897
-
3 386
-
total
6 615
-
4 574
-
Corporate
-
12 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
1 800
-
-
total
-
1 800
-
-
Dividends
-
10 200
-
-
withholding
-
2 044
-
-
total
-
2 044
-
-
Income
12 000
12 000
12 000
12 000
Total tax
12 265
3 844
6 724
5 196
After tax
-265
8 156
5 276
6 804
Living cost
15 100
15 100
15 100
15 100
Free-cash
-15 365
-6 944
-9 824
-8 296

Estimated living cost  is ₴15100 per week

₴10844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
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.
₴2869
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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴2870
₴251
-₴394
₴188
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
-
-
-
12 000
income
-
-
-
1 800
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
1 776
unemployment
-
-
-
48
health
-
-
-
1 380
total
-
-
-
5 004
Employee
9 786
-
10 032
-
health
450
-
461
-
accident

We are using the highest rate at 1.1%.

108
-
110
-
income
979
-
1 003
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

859
-
881
-
total
2 396
-
2 455
-
Employer
9 786
-
10 032
-
accident

We are using the highest rate at 1.1%.

108
-
110
-
unemployment
59
-
60
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

1 078
-
1 105
-
health
675
-
692
-
total
1 920
-
1 967
-
Corporate
294
12 000
-
-
income
30
1 200
-
-
total
30
1 200
-
-
Dividends
265
10 800
-
-
withholding
13
540
-
-
total
13
540
-
-
Income
12 000
12 000
12 000
12 000
Total tax
4 359
1 740
4 422
5 004
After tax
7 641
10 260
7 578
6 996
Living cost
7 390
7 390
7 390
7 390
Free-cash
251
2 870
188
-394

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
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.
₴1903
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

Source of data for Sofia model

Close
Berlin , Germany
-₴10307
-₴9378
-₴7790
-₴7790
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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
12 000
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
253
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
2 935
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
14
total
-
-
-
3 202
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

21 378
-
12 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 935
-
2 935
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

97
-
14
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

1 758
-
253
-
total
4 790
-
3 202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
12 000
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
99
-
-
income
-
1 800
-
-
trade
-
1 722
-
-
chamber of commerce
-
83
-
-
total
-
3 704
-
-
Dividends
-
8 296
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
105
-
-
withholding
-
1 910
-
-
total
-
2 015
-
-
Income
12 000
12 000
12 000
12 000
Total tax
4 790
5 719
3 202
3 202
After tax
7 210
6 281
8 798
8 798
Living cost
16 588
16 588
16 588
16 588
Free-cash
-9 378
-10 307
-7 790
-7 790

Estimated living cost  is ₴16588 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
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.
₴3120
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

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
-₴16075
-₴21609
-₴13882
-₴13882
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
-
-
-
12 000
income
-
-
-
1 055
social contributions
-
-
-
352
total
-
-
-
1 407
Employee
33 608
-
12 000
-
income
6 342
-
1 055
-
social contributions
2 792
-
352
-
total
9 134
-
1 407
-
Employer
33 608
-
12 000
-
total
-
-
-
-
Corporate
-
12 000
-
-
income
-
1 500
-
-
total
-
1 500
-
-
Dividends
-
10 500
-
-
withholding
-
2 100
-
-
total
-
2 100
-
-
Income
12 000
12 000
12 000
12 000
Total tax
9 134
3 600
1 407
1 407
After tax
2 866
8 400
10 593
10 593
Living cost
24 475
24 475
24 475
24 475
Free-cash
-21 609
-16 075
-13 882
-13 882

Estimated living cost  is ₴24475 per week

₴18620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
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.
₴3627
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

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-₴9080
-₴10968
-₴18706
-₴6142
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 use The Residence Programme or The Global Residence Programme.

-
-
-
12 000
income
-
-
-
12 230
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
2 879
total
-
-
-
15 109
Employee
19 710
-
10 907
-
income
2 139
-
359
-
social contributions
1 975
-
1 093
-
total
4 114
-
1 452
-
Employer
19 710
-
10 907
-
social contributions
1 975
-
1 093
-
total
1 975
-
1 093
-
Corporate
-
12 000
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
7 800
-
-
social contributions
1 283
1 283
-
-
total
1 283
1 283
-
-
Income
12 000
12 000
12 000
12 000
Total tax
7 372
5 483
2 545
15 109
After tax
4 628
6 517
9 455
-3 109
Living cost
15 596
15 596
15 596
15 596
Free-cash
-10 968
-9 080
-6 142
-18 706

Estimated living cost  is ₴15596 per week

₴10273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
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.
₴3854
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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-₴6951
-₴12509
-₴6632
-₴7434
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
-
-
-
12 000
income
-
-
-
2 327
pensions
-
-
-
363
total
-
-
-
2 690
Employee
21 882
-
11 071
-
health
285
-
63
-
income
3 985
-
2 127
-
pensions
1 670
-
373
-
total
5 940
-
2 563
-
Employer
21 882
-
11 071
-
pensions
2 211
-
718
-
health
416
-
211
-
total
2 627
-
929
-
Corporate
-
12 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
2 280
-
-
total
-
2 280
-
-
Dividends
-
9 720
-
-
withholding
-
729
-
-
total
-
729
-
-
Income
12 000
12 000
12 000
12 000
Total tax
8 567
3 009
3 492
2 690
After tax
3 433
8 991
8 508
9 310
Living cost
15 942
15 942
15 942
15 942
Free-cash
-12 509
-6 951
-7 434
-6 632

Estimated living cost  is ₴15942 per week

₴10936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
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.
₴3339
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

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴9239
-₴7336
-₴2796
-₴3874
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
-
-
-
12 000
accident
-
-
-
108
income
-
-
-
1 600
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
4 585
Employee
16 062
-
9 969
-
health
1 839
-
1 141
-
income
2 204
-
1 368
-
pensions
1 809
-
1 123
-
total
5 852
-
3 632
-
Employer
16 062
-
9 969
-
accident
268
-
166
-
unemployment
393
-
244
-
pensions
2 612
-
1 621
-
total
3 273
-
2 031
-
Corporate
-
12 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
10 800
-
-
total
-
10 800
-
-
Dividends
-
1 200
-
-
withholding
-
228
-
-
total
-
228
-
-
Income
12 000
12 000
12 000
12 000
Total tax
9 125
11 028
5 663
4 585
After tax
2 875
972
6 337
7 415
Living cost
10 211
10 211
10 211
10 211
Free-cash
-7 336
-9 239
-3 874
-2 796

Estimated living cost  is ₴10211 per week

₴7494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
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.
₴1916
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

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
₴4397
₴2310
₴1697
₴1697
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

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
12 000
work injury
-
-
-
60
health insurance
-
-
-
888
income
-
-
-
1 200
pensions
-
-
-
2 208
unemployment
-
-
-
144
total
-
-
-
4 500
Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

9 285
-
12 000
-
work injury
46
-
60
-
income
928
-
1 200
-
pensions
1 708
-
2 208
-
health insurance
687
-
888
-
unemployment
111
-
144
-
total
3 480
-
4 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 715
12 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
2 715
12 000
-
-
withholding
407
1 800
-
-
total
407
1 800
-
-
Income
12 000
12 000
12 000
12 000
Total tax
3 887
1 800
4 500
4 500
After tax
8 113
10 200
7 500
7 500
Living cost
5 803
5 803
5 803
5 803
Free-cash
2 310
4 397
1 697
1 697

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
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.
₴1605
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

Source of data for Skopje model

Close
Rome , Italy
-₴10795
-₴24205
-₴10668
-₴11437
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
-
-
-
12 000
municipal
-
-
-
78
regional
-
-
-
150
national
-
-
-
1 994
social contributions
-
-
-
3 330
total
-
-
-
5 552
Employee
36 205
-
12 000
-
social contributions
12 208
-
4 365
-
regional
547
-
132
-
municipal
216
-
68
-
national
6 118
-
1 756
-
total
19 089
-
6 321
-
Employer
36 205
-
12 000
-
total
-
-
-
-
Corporate
-
12 000
-
-
nationa
-
2 880
-
-
municipal
-
578
-
-
total
-
3 458
-
-
Dividends
-
8 542
-
-
withholding
-
2 221
-
-
total
-
2 221
-
-
Income
12 000
12 000
12 000
12 000
Total tax
19 089
5 679
6 321
5 552
After tax
-7 089
6 321
5 679
6 448
Living cost
17 116
17 116
17 116
17 116
Free-cash
-24 205
-10 795
-11 437
-10 668

Estimated living cost  is ₴17116 per week

₴12023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3657
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

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close