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
₴ 13500
per

Your estimated
City
free-cash

Reykjavik , Iceland
-₴8195
-₴7750
-₴7856
-₴14600
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
-
-
-
13 500
social contributions
-
-
-
145
municipal
-
-
-
1 166
pensions
-
-
-
1 620
national
-
-
-
1 806
total
-
-
-
4 737
Employee
25 762
-
11 671
-
municipal
3 182
-
1 218
-
pensions
1 030
-
467
-
national
4 931
-
1 887
-
total
9 143
-
3 572
-
Employer
25 762
-
11 671
-
social contributions
277
-
125
-
pensions
2 061
-
934
-
total
2 338
-
1 059
-
Corporate
-
13 500
-
-
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%.

-
2 700
-
-
total
-
2 700
-
-
Dividends
-
10 800
-
-
withholding
-
2 376
-
-
total
-
2 376
-
-
Income
13 500
13 500
13 500
13 500
Total tax
11 481
5 076
4 631
4 737
After tax
2 019
8 424
8 869
8 763
Living cost
16 619
16 619
16 619
16 619
Free-cash
-14 600
-8 195
-7 750
-7 856

Estimated living cost  is ₴16619 per week

₴11295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1545
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.
₴3530
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.

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