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
₴ 14500
per

Your estimated
City
free-cash

Dresden , Germany
-₴5488
-₴1791
-₴1328
-₴1328
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.

-
-
-
14 500
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.

-
-
-
16
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.

-
-
-
2 910
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.

-
-
-
1
total
-
-
-
2 927
Employee

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

16 291
-
14 500
-
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.

2 910
-
2 910
-
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
-
1
-
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.

455
-
16
-
total
3 390
-
2 927
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
14 500
-
-
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.

-
120
-
-
income
-
2 175
-
-
trade
-
2 283
-
-
chamber of commerce
-
86
-
-
total
-
4 664
-
-
Dividends
-
9 836
-
-
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.

-
126
-
-
withholding
-
2 297
-
-
total
-
2 423
-
-
Income
14 500
14 500
14 500
14 500
Total tax
3 390
7 087
2 927
2 927
After tax
11 110
7 413
11 573
11 573
Living cost
12 901
12 901
12 901
12 901
Free-cash
-1 791
-5 488
-1 328
-1 328

Estimated living cost  is ₴12901 per week

₴8115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
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.
₴3041
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
-₴12416
-₴21794
-₴11825
-₴11711
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
-
-
-
14 500
municipal
-
-
-
1 163
pensions
-
-
-
1 740
national
-
-
-
1 802
social contributions
-
-
-
156
total
-
-
-
4 861
Employee
33 274
-
12 535
-
municipal
4 110
-
1 219
-
pensions
1 331
-
501
-
national
6 369
-
1 889
-
total
11 810
-
3 609
-
Employer
33 274
-
12 535
-
social contributions
358
-
135
-
pensions
2 662
-
1 003
-
total
3 020
-
1 138
-
Corporate
-
14 500
-
-
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%.

-
2 900
-
-
total
-
2 900
-
-
Dividends
-
11 600
-
-
withholding
-
2 552
-
-
total
-
2 552
-
-
Income
14 500
14 500
14 500
14 500
Total tax
14 830
5 452
4 747
4 861
After tax
-330
9 048
9 753
9 639
Living cost
21 464
21 464
21 464
21 464
Free-cash
-21 794
-12 416
-11 711
-11 825

Estimated living cost  is ₴21464 per week

₴14589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
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.
₴4559
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
₴2739
-₴943
₴2123
-₴541
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.

-
-
-
14 500
microenterprise
-
-
-
2 175
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.

-
-
-
1 341
total
-
-
-
3 516
Employee
12 446
-
11 685
-
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.

1 369
-
1 285
-
surtax
-
-
-
-
income
2 215
-
2 080
-
total
3 584
-
3 365
-
Employer
12 446
-
11 685
-
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.

2 998
-
2 815
-
surtax
-
-
-
-
total
2 998
-
2 815
-
Corporate
-
14 500
-
-
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%.

-
2 900
-
-
total
-
2 900
-
-
Dividends

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

-
11 600
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
6 582
2 900
6 180
3 516
After tax
7 918
11 600
8 320
10 984
Living cost
8 861
8 861
8 861
8 861
Free-cash
-943
2 739
-541
2 123

Estimated living cost  is ₴8861 per week

₴5653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
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.
₴2163
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
-₴25405
-₴27796
-₴9484
-₴27796
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
-
-
-
14 500
income
-
-
-
1 305
pensions
-
-
-
2 610
health
-
-
-
2 226
total
-
-
-
6 141
Employee
36 372
36 372
36 372
-
health
5 583
4 749
5 583
-
income

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

5 954
5 954
5 954
-
pensions
6 547
4 990
6 547
-
total
18 084
15 693
18 084
-
Employer
36 372
36 372
36 372
-
unemployment
1 309
1 309
1 309
-
pensions
2 532
2 532
2 532
-
health
2 528
2 528
2 528
-
total
6 369
6 369
6 369
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
24 453
22 062
24 453
6 141
After tax
-9 953
-7 562
-9 953
8 359
Living cost
17 843
17 843
17 843
17 843
Free-cash
-27 796
-25 405
-27 796
-9 484

Estimated living cost  is ₴17843 per week

₴12645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
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.
₴3306
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
-₴8507
-₴16256
-₴9195
-₴8681
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
-
-
-
14 500
municipal
-
-
-
3 071
accident
-
-
-
29
pensions
-
-
-
1 567
other
-
-
-
1 685
unemployment
-
-
-
14
health
-
-
-
905
national
-
-
-
-
total
-
-
-
7 271
Employee
23 403
-
11 033
-
municipal
6 979
-
3 290
-
national
-
-
-
-
total
6 979
-
3 290
-
Employer
23 403
-
11 033
-
accident
47
-
22
-
other
2 719
-
1 282
-
unemployment
618
-
291
-
pensions
2 530
-
1 193
-
health
1 439
-
679
-
total
7 353
-
3 467
-
Corporate
-
14 500
-
-
income
-
3 190
-
-
total
-
3 190
-
-
Dividends
-
11 310
-
-
withholding
-
3 393
-
-
total
-
3 393
-
-
Income
14 500
14 500
14 500
14 500
Total tax
14 332
6 583
6 757
7 271
After tax
168
7 917
7 743
7 229
Living cost
16 424
16 424
16 424
16 424
Free-cash
-16 256
-8 507
-8 681
-9 195

Estimated living cost  is ₴16424 per week

₴10885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
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.
₴3678
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
-₴9395
-₴7100
-₴5159
-₴5159
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.

-
-
-
14 500
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.

-
-
-
16
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.

-
-
-
2 910
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.

-
-
-
1
total
-
-
-
2 927
Employee

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

21 600
-
14 500
-
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.

2 910
-
2 910
-
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
-
1
-
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.

1 856
-
16
-
total
4 868
-
2 927
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
14 500
-
-
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.

-
120
-
-
income
-
2 175
-
-
trade
-
2 385
-
-
chamber of commerce
-
86
-
-
total
-
4 766
-
-
Dividends
-
9 734
-
-
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.

-
125
-
-
withholding
-
2 272
-
-
total
-
2 397
-
-
Income
14 500
14 500
14 500
14 500
Total tax
4 868
7 163
2 927
2 927
After tax
9 632
7 337
11 573
11 573
Living cost
16 732
16 732
16 732
16 732
Free-cash
-7 100
-9 395
-5 159
-5 159

Estimated living cost  is ₴16732 per week

₴11191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
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.
₴3527
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
-₴8946
-₴6617
-₴2254
-₴5587
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
-
-
-
16 192
income
-
-
-
-
health
-
-
-
413
social contributions
-
-
-
2 526
total
-
-
-
2 939
Employee
32 752
32 752
32 752
-
social contributions
1 591
2 718
1 093
-
health
326
557
224
-
income
3 439
3 032
3 619
-
total
5 356
6 307
4 936
-
Employer
32 752
32 752
32 752
-
social contributions
1 591
2 718
1 093
-
health
355
606
243
-
total
1 946
3 324
1 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
7 302
9 631
6 272
2 939
After tax
7 198
4 869
8 228
11 561
Living cost
13 815
13 815
13 815
13 815
Free-cash
-6 617
-8 946
-5 587
-2 254

Estimated living cost  is ₴13815 per week

₴9444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
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.
₴3060
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
₴516
₴680
₴2290
₴652
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
-
-
-
14 500
income
-
-
-
1 773
pensions
-
-
-
1 450
unemployment
-
-
-
217
health
-
-
-
1 015
total
-
-
-
4 455
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.

11 194
4 455
12 134
-
health
784
312
849
-
income
1 368
545
1 483
-
pensions
1 119
446
1 213
-
unemployment
168
67
182
-
total
3 439
1 370
3 727
-
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.

11 194
4 455
12 134
-
pensions
2 183
869
2 366
-
total
2 183
869
2 366
-
Corporate
1 123
9 176
-
-
income
101
826
-
-
total
101
826
-
-
Dividends
1 022
8 350
-
-
social contributions
148
1 577
-
-
withholding
194
1 587
-
-
total
342
3 164
-
-
Income
14 500
14 500
14 500
14 500
Total tax
6 065
6 229
6 093
4 455
After tax
8 435
8 271
8 407
10 045
Living cost
7 755
7 755
7 755
7 755
Free-cash
680
516
652
2 290

Estimated living cost  is ₴7755 per week

₴5292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
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.
₴1673
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
₴1312
-₴1667
-₴1546
-₴960
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
-
-
-
14 500
income
-
-
-
973
pensions
-
-
-
2 900
health
-
-
-
1 885
total
-
-
-
5 758
Employee
12 083
-
10 838
-
income
1 360
-
1 119
-
pensions
242
-
217
-
unemployment
193
-
174
-
total
1 795
-
1 510
-
Employer
12 083
-
10 838
-
unemployment
97
-
86
-
pensions
2 417
-
2 167
-
health
1 570
-
1 409
-
total
4 084
-
3 662
-
Corporate
-
14 500
-
-
income
-
2 900
-
-
total
-
2 900
-
-
Dividends
-
11 600
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
5 879
2 900
5 172
5 758
After tax
8 621
11 600
9 328
8 742
Living cost
10 288
10 288
10 288
10 288
Free-cash
-1 667
1 312
-960
-1 546

Estimated living cost  is ₴10288 per week

₴7056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
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.
₴2412
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
-₴8107
-₴3076
₴229
-₴1624
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
-
-
-
14 500
accident
-
-
-
107
income
-
-
-
2 052
pensions
-
-
-
1 755
other
-
-
-
156
health
-
-
-
920
total
-
-
-
4 990
Employee
14 600
-
12 045
-
health
1 672
-
1 379
-
income
2 003
-
1 653
-
pensions
1 644
-
1 356
-
total
5 319
-
4 388
-
Employer
14 600
-
12 045
-
accident
244
-
201
-
unemployment
358
-
295
-
pensions
2 374
-
1 959
-
total
2 976
-
2 455
-
Corporate
-
14 500
-
-
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.

-
13 050
-
-
total
-
13 050
-
-
Dividends
-
1 450
-
-
withholding
-
276
-
-
total
-
276
-
-
Income
14 500
14 500
14 500
14 500
Total tax
8 295
13 326
6 843
4 990
After tax
6 205
1 174
7 657
9 510
Living cost
9 281
9 281
9 281
9 281
Free-cash
-3 076
-8 107
-1 624
229

Estimated living cost  is ₴9281 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
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.
₴1771
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
₴9889
₴9161
₴10469
₴7714
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%.

-
-
-
14 500
microenterprise

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

-
-
-
145
total
-
-
-
145
Employee
4 857
-
14 500
-
income
971
-
2 900
-
total
971
-
2 900
-
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%.

9 643
14 500
-
-
total
-
-
-
-
Dividends
9 643
14 500
-
-
withholding
482
725
-
-
total
482
725
-
-
Income
14 500
14 500
14 500
14 500
Total tax
1 453
725
2 900
145
After tax
13 047
13 775
11 600
14 355
Living cost
3 886
3 886
3 886
3 886
Free-cash
9 161
9 889
7 714
10 469

Estimated living cost  is ₴3886 per week

₴2408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
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.
₴1048
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
-₴696
-₴4862
-₴3498
-₴2851
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
-
-
-
14 500
income
-
-
-
1 842
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.

-
-
-
3 480
other
-
-
-
689
health
-
-
-
638
total
-
-
-
6 649
Employee
15 465
-
11 581
-
health
217
-
162
-
income
2 662
-
1 993
-
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.

1 082
-
811
-
unemployment
154
-
116
-
total
4 115
-
3 082
-
Employer
15 465
-
11 581
-
accident
124
-
93
-
other
774
-
580
-
unemployment
154
-
116
-
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.

2 629
-
1 969
-
health
217
-
162
-
total
3 898
-
2 920
-
Corporate
-
14 500
-
-
income
-
3 045
-
-
total
-
3 045
-
-
Dividends
-
11 455
-
-
withholding
-
802
-
-
total
-
802
-
-
Income
14 500
14 500
14 500
14 500
Total tax
8 013
3 847
6 002
6 649
After tax
6 487
10 653
8 498
7 851
Living cost
11 349
11 349
11 349
11 349
Free-cash
-4 862
-696
-2 851
-3 498

Estimated living cost  is ₴11349 per week

₴8019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
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.
₴2381
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
-₴17878
-₴31738
-₴17613
-₴18748
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
-
-
-
14 500
income
-
-
-
2 783
pensions
-
-
-
588
total
-
-
-
3 371
Employee
40 665
-
13 233
-
health
670
-
108
-
income
7 330
-
2 499
-
pensions
3 923
-
631
-
total
11 923
-
3 238
-
Employer
40 665
-
13 233
-
pensions
4 801
-
1 016
-
health
772
-
252
-
total
5 573
-
1 268
-
Corporate
-
14 500
-
-
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.

-
2 755
-
-
total
-
2 755
-
-
Dividends
-
11 745
-
-
withholding
-
881
-
-
total
-
881
-
-
Income
14 500
14 500
14 500
14 500
Total tax
17 496
3 636
4 506
3 371
After tax
-2 996
10 864
9 994
11 129
Living cost
28 742
28 742
28 742
28 742
Free-cash
-31 738
-17 878
-18 748
-17 613

Estimated living cost  is ₴28742 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
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
₴6811
₴4832
₴2866
₴3567
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
-
-
-
14 500
income
-
-
-
2 175
pensions

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

-
-
-
2 146
unemployment
-
-
-
58
health
-
-
-
1 668
total
-
-
-
6 047
Employee
7 398
-
12 121
-
health
340
-
557
-
accident

We are using the highest rate at 1.1%.

81
-
134
-
income
740
-
1 212
-
pensions

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

650
-
1 064
-
total
1 811
-
2 967
-
Employer
7 398
-
12 121
-
accident

We are using the highest rate at 1.1%.

81
-
134
-
unemployment
44
-
73
-
pensions

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

815
-
1 336
-
health
511
-
836
-
total
1 451
-
2 379
-
Corporate
5 651
14 500
-
-
income
565
1 450
-
-
total
565
1 450
-
-
Dividends
5 086
13 050
-
-
withholding
254
652
-
-
total
254
652
-
-
Income
14 500
14 500
14 500
14 500
Total tax
4 081
2 102
5 346
6 047
After tax
10 419
12 398
9 154
8 453
Living cost
5 587
5 587
5 587
5 587
Free-cash
4 832
6 811
3 567
2 866

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
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.
₴1778
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
-₴31180
-₴31902
-₴15259
-₴33571
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
-
-
-
14 500
income
-
-
-
1 305
pensions
-
-
-
2 610
health
-
-
-
2 226
total
-
-
-
6 141
Employee
39 489
36 372
36 372
-
health
4 926
4 749
5 583
-
income

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

5 954
5 954
5 954
-
pensions
4 990
4 990
6 547
-
total
15 870
15 693
18 084
-
Employer
39 489
36 372
36 372
-
unemployment
1 422
1 309
1 309
-
pensions
2 748
2 532
2 532
-
health
2 744
2 528
2 528
-
total
6 914
6 369
6 369
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
22 784
22 062
24 453
6 141
After tax
-8 284
-7 562
-9 953
8 359
Living cost
23 618
23 618
23 618
23 618
Free-cash
-31 902
-31 180
-33 571
-15 259

Estimated living cost  is ₴23618 per week

₴17422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2110
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
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.
₴3816
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
-₴228
-₴5621
-₴3148
-₴2852
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
-
-
-
14 500
income
-
-
-
1 246
health
-
-
-
1 957
solidarity contribution
-
-
-
-
social contributions
-
-
-
4 234
total
-
-
-
7 437
Employee
15 016
-
10 821
-
social contributions
976
-
703
-
health
2 027
-
1 461
-
solidarity contribution
-
-
-
-
income
1 802
-
1 298
-
total
4 805
-
3 462
-
Employer
15 016
-
10 821
-
social contributions
3 754
-
2 705
-
health
1 351
-
974
-
total
5 105
-
3 679
-
Corporate
-
14 500
-
-
income
-
2 755
-
-
total
-
2 755
-
-
Dividends
-
11 745
-
-
withholding
-
1 762
-
-
total
-
1 762
-
-
Income
14 500
14 500
14 500
14 500
Total tax
9 910
4 517
7 141
7 437
After tax
4 590
9 983
7 359
7 063
Living cost
10 211
10 211
10 211
10 211
Free-cash
-5 621
-228
-2 852
-3 148

Estimated living cost  is ₴10211 per week

₴7092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
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.
₴2191
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
-₴10237
-₴23353
-₴9898
-₴10768
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
-
-
-
14 500
municipal
-
-
-
86
regional
-
-
-
133
national
-
-
-
2 477
social contributions
-
-
-
3 729
total
-
-
-
6 425
Employee
37 854
-
14 500
-
social contributions
12 764
-
4 889
-
regional
357
-
118
-
municipal
200
-
77
-
national
6 559
-
2 211
-
total
19 880
-
7 295
-
Employer
37 854
-
14 500
-
total
-
-
-
-
Corporate
-
14 500
-
-
nationa
-
3 480
-
-
municipal
-
566
-
-
total
-
4 046
-
-
Dividends
-
10 455
-
-
withholding
-
2 718
-
-
total
-
2 718
-
-
Income
14 500
14 500
14 500
14 500
Total tax
19 880
6 764
7 295
6 425
After tax
-5 380
7 736
7 205
8 075
Living cost
17 973
17 973
17 973
17 973
Free-cash
-23 353
-10 237
-10 768
-9 898

Estimated living cost  is ₴17973 per week

₴12528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
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.
₴3990
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
-₴278
-₴2550
-₴1037
-₴1373
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
-
-
-
14 500
income
-
-
-
2 094
pensions
-
-
-
2 900
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
1 030
surtax
-
-
-
17
total
-
-
-
6 138
Employee
14 085
-
11 978
-
other
-
-
-
-
health
360
-
306
-
surtax
46
-
7
-
income
2 361
-
2 008
-
pensions
939
-
799
-
unemployment
980
-
833
-
total
4 686
-
3 953
-
Employer
14 085
-
11 978
-
other
-
-
-
-
unemployment
446
-
380
-
pensions
1 878
-
1 596
-
health
641
-
545
-
total
2 965
-
2 521
-
Corporate
-
14 500
-
-
income
-
3 770
-
-
total
-
3 770
-
-
Dividends
-
10 730
-
-
withholding
-
1 609
-
-
total
-
1 609
-
-
Income
14 500
14 500
14 500
14 500
Total tax
7 651
5 379
6 474
6 138
After tax
6 849
9 121
8 026
8 362
Living cost
9 399
9 399
9 399
9 399
Free-cash
-2 550
-278
-1 373
-1 037

Estimated living cost  is ₴9399 per week

₴5747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
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.
₴2568
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
-₴8772
-₴16221
-₴8507
-₴9642
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
-
-
-
14 500
income
-
-
-
2 783
pensions
-
-
-
588
total
-
-
-
3 371
Employee
27 253
-
13 233
-
health
396
-
108
-
income
4 908
-
2 499
-
pensions
2 313
-
631
-
total
7 617
-
3 238
-
Employer
27 253
-
13 233
-
pensions
2 950
-
1 016
-
health
518
-
252
-
total
3 468
-
1 268
-
Corporate
-
14 500
-
-
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.

-
2 755
-
-
total
-
2 755
-
-
Dividends
-
11 745
-
-
withholding
-
881
-
-
total
-
881
-
-
Income
14 500
14 500
14 500
14 500
Total tax
11 085
3 636
4 506
3 371
After tax
3 415
10 864
9 994
11 129
Living cost
19 636
19 636
19 636
19 636
Free-cash
-16 221
-8 772
-9 642
-8 507

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3247
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
-₴25827
-₴27102
-₴20022
-₴21218
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
-
-
-
14 500
city
-
-
-
152
pensions
-
-
-
1 335
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.

-
-
-
290
regional
-
-
-
177
health
-
-
-
106
national
-
-
-
5
total
-
-
-
2 065
Employee
37 983
-
12 732
-
city
408
-
133
-
regional
1 244
-
130
-
health
86
-
28
-
pensions
3 191
-
1 344
-
unemployment
-
-
-
-
national
180
-
-
-
total
5 109
-
1 635
-
Employer
37 983
-
12 732
-
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.

759
-
254
-
unemployment
-
-
-
-
pensions
3 191
-
1 344
-
health
86
-
28
-
total
4 036
-
1 626
-
Corporate
-
14 500
-
-
regional
-
3 067
-
-
national
-
1 233
-
-
total
-
4 300
-
-
Dividends
-
10 200
-
-
withholding
-
3 570
-
-
total
-
3 570
-
-
Income
14 500
14 500
14 500
14 500
Total tax
9 145
7 870
3 261
2 065
After tax
5 355
6 630
11 239
12 435
Living cost
32 457
32 457
32 457
32 457
Free-cash
-27 102
-25 827
-21 218
-20 022

Estimated living cost  is ₴32457 per week

₴21106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
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.
₴8039
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
-₴12249
-₴11098
-₴7939
-₴7939
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.

-
-
-
14 500
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.

-
-
-
16
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.

-
-
-
2 910
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.

-
-
-
1
total
-
-
-
2 927
Employee

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

25 597
-
14 500
-
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.

2 910
-
2 910
-
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.

166
-
1
-
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.

3 010
-
16
-
total
6 086
-
2 927
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
14 500
-
-
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.

-
120
-
-
income
-
2 175
-
-
trade
-
2 487
-
-
chamber of commerce
-
85
-
-
total
-
4 867
-
-
Dividends
-
9 633
-
-
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.

-
124
-
-
withholding
-
2 246
-
-
total
-
2 370
-
-
Income
14 500
14 500
14 500
14 500
Total tax
6 086
7 237
2 927
2 927
After tax
8 414
7 263
11 573
11 573
Living cost
19 512
19 512
19 512
19 512
Free-cash
-11 098
-12 249
-7 939
-7 939

Estimated living cost  is ₴19512 per week

₴14251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3447
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
-₴7264
-₴9422
-₴5658
-₴5296
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
-
-
-
14 500
income
-
-
-
152
pensions
-
-
-
4 446
other
-
-
-
449
health
-
-
-
126
surtax
-
-
-
-
social contributions
-
-
-
413
total
-
-
-
5 586
Employee
18 229
-
11 049
-
social contributions
520
-
314
-
surtax
-
-
-
-
income
1 076
-
208
-
pensions
2 061
-
1 250
-
total
3 657
-
1 772
-
Employer
18 229
-
11 049
-
other
629
-
382
-
social contributions
55
-
33
-
unemployment
738
-
448
-
pensions
2 995
-
1 815
-
health
1 276
-
774
-
total
5 693
-
3 452
-
Corporate
-
14 500
-
-
surtax
-
-
-
-
income
-
4 060
-
-
total
-
4 060
-
-
Dividends
-
10 440
-
-
surtax
-
-
-
-
social contributions
-
1 796
-
-
withholding
-
1 336
-
-
total
-
3 132
-
-
Income
14 500
14 500
14 500
14 500
Total tax
9 350
7 192
5 224
5 586
After tax
5 150
7 308
9 276
8 914
Living cost
14 572
14 572
14 572
14 572
Free-cash
-9 422
-7 264
-5 296
-5 658

Estimated living cost  is ₴14572 per week

₴9188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
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.
₴3952
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
-₴5821
-₴6854
-₴4215
-₴3853
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
-
-
-
14 500
income
-
-
-
152
pensions
-
-
-
4 446
other
-
-
-
449
health
-
-
-
126
surtax
-
-
-
-
social contributions
-
-
-
413
total
-
-
-
5 586
Employee
16 272
-
11 049
-
social contributions
464
-
314
-
surtax
-
-
-
-
income
839
-
208
-
pensions
1 840
-
1 250
-
total
3 143
-
1 772
-
Employer
16 272
-
11 049
-
other
562
-
382
-
social contributions
48
-
33
-
unemployment
659
-
448
-
pensions
2 674
-
1 815
-
health
1 139
-
774
-
total
5 082
-
3 452
-
Corporate
-
14 500
-
-
surtax
-
-
-
-
income
-
4 060
-
-
total
-
4 060
-
-
Dividends
-
10 440
-
-
surtax
-
-
-
-
social contributions
-
1 796
-
-
withholding
-
1 336
-
-
total
-
3 132
-
-
Income
14 500
14 500
14 500
14 500
Total tax
8 225
7 192
5 224
5 586
After tax
6 275
7 308
9 276
8 914
Living cost
13 129
13 129
13 129
13 129
Free-cash
-6 854
-5 821
-3 853
-4 215

Estimated living cost  is ₴13129 per week

₴7614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1334
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.
₴3932
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
-₴186
-₴1072
₴280
₴33
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
-
-
-
14 500
income
-
-
-
2 175
health
-
-
-
1 012
social contributions
-
-
-
2 001
total
-
-
-
5 188
Employee
14 441
-
14 500
-
social contributions
1 993
-
2 001
-
health
1 008
-
1 012
-
income
2 409
-
2 422
-
total
5 410
-
5 435
-
Employer
14 441
-
14 500
-
total
-
-
-
-
Corporate
59
14 500
-
-
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%.

3
725
-
-
total
3
725
-
-
Dividends
55
13 775
-
-
health
376
962
-
-
social contributions
743
1 901
-
-
withholding
8
2 066
-
-
total
1 127
4 929
-
-
Income
14 500
14 500
14 500
14 500
Total tax
6 540
5 654
5 435
5 188
After tax
7 960
8 846
9 065
9 312
Living cost
9 032
9 032
9 032
9 032
Free-cash
-1 072
-186
33
280

Estimated living cost  is ₴9032 per week

₴6044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
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.
₴2222
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
-₴10208
-₴13400
-₴7054
-₴10009
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
-
-
-
14 500
chamber of commerce
-
-
-
58
income
-
-
-
-
pensions
-
-
-
2 683
unemployment
-
-
-
2 612
health
-
-
-
1 109
surtax
-
-
-
84
total
-
-
-
6 546
Employee
21 286
16 974
16 974
-
other
213
170
108
-
health
824
657
419
-
income
2 423
1 252
1 576
-
pensions
2 180
1 738
1 111
-
unemployment
639
509
326
-
total
6 279
4 326
3 540
-
Employer
21 286
16 974
16 974
-
accident
276
221
141
-
other
1 011
806
754
-
chamber of commerce
85
68
68
-
unemployment
639
509
326
-
surtax
84
84
84
-
pensions
2 671
2 131
1 361
-
payroll
639
509
509
-
health
804
642
410
-
total
6 209
4 970
3 653
-
Corporate
1 617
1 617
9 231
-
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.

404
404
2 308
-
total
404
404
2 308
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
12 892
9 700
9 501
6 546
After tax
1 608
4 800
4 999
7 954
Living cost
15 008
15 008
15 008
15 008
Free-cash
-13 400
-10 208
-10 009
-7 054

Estimated living cost  is ₴15008 per week

₴10010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
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.
₴3472
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
-₴7295
-₴24837
-₴6495
-₴8793
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
-
-
-
14 500
national
-
-
-
3 895
communal

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

-
-
-
825
social contributions
-
-
-
745
total
-
-
-
5 465
Employee

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

30 467
-
11 230
-
communal

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

1 589
-
586
-
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.

1 431
-
528
-
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.

2 285
-
842
-
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.

265
-
98
-
national
9 367
-
2 440
-
total
14 937
-
4 494
-
Employer

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

30 467
-
11 230
-
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.

396
-
146
-
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.

445
-
164
-
surtax
3 455
-
1 274
-
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.

2 700
-
995
-
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.

1 874
-
690
-
total
8 870
-
3 269
-
Corporate
-
14 500
-
-
surtax
-
58
-
-
income
-
2 900
-
-
total
-
2 958
-
-
Dividends
-
11 542
-
-
withholding

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

-
3 307
-
-
total
-
3 307
-
-
Income
14 500
14 500
14 500
14 500
Total tax
23 807
6 265
7 763
5 465
After tax
-9 307
8 235
6 737
9 035
Living cost
15 530
15 530
15 530
15 530
Free-cash
-24 837
-7 295
-8 793
-6 495

Estimated living cost  is ₴15530 per week

₴10003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
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.
₴3926
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
-₴5548
-₴13459
-₴7166
-₴8042
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
-
-
-
14 500
accident
-
-
-
130
income
-
-
-
1 933
pensions
-
-
-
4 104
other
-
-
-
15
unemployment
-
-
-
102
total
-
-
-
6 284
Employee
21 202
-
9 966
-
other
21
-
15
-
income
4 473
-
1 722
-
pensions
997
-
668
-
unemployment
329
-
221
-
total
5 820
-
2 626
-
Employer
21 202
-
9 966
-
accident
419
-
281
-
other
169
-
114
-
unemployment
1 166
-
782
-
pensions
5 003
-
3 357
-
total
6 757
-
4 534
-
Corporate
-
14 500
-
-
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.

-
2 175
-
-
total
-
2 175
-
-
Dividends
-
12 325
-
-
withholding
-
2 491
-
-
total
-
2 491
-
-
Income
14 500
14 500
14 500
14 500
Total tax
12 577
4 666
7 160
6 284
After tax
1 923
9 834
7 340
8 216
Living cost
15 382
15 382
15 382
15 382
Free-cash
-13 459
-5 548
-8 042
-7 166

Estimated living cost  is ₴15382 per week

₴11327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
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.
₴2742
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
-₴14024
-₴21609
-₴14298
-₴14296
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
-
-
-
14 500
accident
-
-
-
183
income
-
-
-
36
pensions
-
-
-
3 243
health
-
-
-
1 520
surtax
-
-
-
669
communal
-
-
-
-
total
-
-
-
5 651
Employee
32 255
-
12 078
-
health
1 435
-
902
-
surtax
1 977
-
668
-
income
3 116
-
36
-
pensions
2 580
-
1 621
-
total
9 108
-
3 227
-
Employer
32 255
-
12 078
-
accident
290
-
183
-
pensions
2 580
-
1 621
-
health
984
-
618
-
total
3 854
-
2 422
-
Corporate
-
14 500
-
-
surtax
-
152
-
-
communal
-
979
-
-
income
-
2 175
-
-
total
-
3 306
-
-
Dividends
-
11 194
-
-
income
-
392
-
-
withholding
-
1 679
-
-
total
-
2 071
-
-
Income
14 500
14 500
14 500
14 500
Total tax
12 962
5 377
5 649
5 651
After tax
1 538
9 123
8 851
8 849
Living cost
23 147
23 147
23 147
23 147
Free-cash
-21 609
-14 024
-14 296
-14 298

Estimated living cost  is ₴23147 per week

₴17363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
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.
₴4135
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
-₴446
-₴2863
-₴1205
-₴1541
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
-
-
-
14 500
income
-
-
-
2 094
pensions
-
-
-
2 900
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
1 030
surtax
-
-
-
17
total
-
-
-
6 138
Employee
14 344
-
11 978
-
other
-
-
-
-
health
366
-
306
-
surtax
51
-
7
-
income
2 405
-
2 008
-
pensions
957
-
799
-
unemployment
998
-
833
-
total
4 777
-
3 953
-
Employer
14 344
-
11 978
-
other
-
-
-
-
unemployment
455
-
380
-
pensions
1 912
-
1 596
-
health
652
-
545
-
total
3 019
-
2 521
-
Corporate
-
14 500
-
-
income
-
3 770
-
-
total
-
3 770
-
-
Dividends
-
10 730
-
-
withholding
-
1 609
-
-
total
-
1 609
-
-
Income
14 500
14 500
14 500
14 500
Total tax
7 796
5 379
6 474
6 138
After tax
6 704
9 121
8 026
8 362
Living cost
9 567
9 567
9 567
9 567
Free-cash
-2 863
-446
-1 541
-1 205

Estimated living cost  is ₴9567 per week

₴5776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
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.
₴2738
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
-₴3853
-₴9127
-₴3485
-₴4346
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
-
-
-
14 500
municipal
-
-
-
86
regional
-
-
-
219
national
-
-
-
2 477
social contributions
-
-
-
3 729
total
-
-
-
6 511
Employee
23 627
-
14 500
-
social contributions
7 967
-
4 889
-
regional
318
-
195
-
municipal
125
-
77
-
national
3 743
-
2 211
-
total
12 153
-
7 372
-
Employer
23 627
-
14 500
-
total
-
-
-
-
Corporate
-
14 500
-
-
nationa
-
3 480
-
-
municipal
-
721
-
-
total
-
4 201
-
-
Dividends
-
10 299
-
-
withholding
-
2 678
-
-
total
-
2 678
-
-
Income
14 500
14 500
14 500
14 500
Total tax
12 153
6 879
7 372
6 511
After tax
2 347
7 621
7 128
7 989
Living cost
11 474
11 474
11 474
11 474
Free-cash
-9 127
-3 853
-4 346
-3 485

Estimated living cost  is ₴11474 per week

₴7135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
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.
₴2979
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
-₴2599
-₴10294
-₴5519
-₴5223
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
-
-
-
14 500
income
-
-
-
1 246
health
-
-
-
1 957
solidarity contribution
-
-
-
-
social contributions
-
-
-
4 234
total
-
-
-
7 437
Employee
18 503
-
10 821
-
social contributions
1 203
-
703
-
health
2 498
-
1 461
-
solidarity contribution
-
-
-
-
income
2 220
-
1 298
-
total
5 921
-
3 462
-
Employer
18 503
-
10 821
-
social contributions
4 626
-
2 705
-
health
1 665
-
974
-
total
6 291
-
3 679
-
Corporate
-
14 500
-
-
income
-
2 755
-
-
total
-
2 755
-
-
Dividends
-
11 745
-
-
withholding
-
1 762
-
-
total
-
1 762
-
-
Income
14 500
14 500
14 500
14 500
Total tax
12 212
4 517
7 141
7 437
After tax
2 288
9 983
7 359
7 063
Living cost
12 582
12 582
12 582
12 582
Free-cash
-10 294
-2 599
-5 223
-5 519

Estimated living cost  is ₴12582 per week

₴9357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
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.
₴2311
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
-₴8705
-₴9883
-₴5551
-₴8545
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
-
-
-
14 500
chamber of commerce
-
-
-
58
income
-
-
-
-
pensions
-
-
-
2 683
unemployment
-
-
-
2 612
health
-
-
-
1 109
surtax
-
-
-
-
total
-
-
-
6 462
Employee
18 618
16 974
16 974
-
other
186
170
109
-
health
720
657
423
-
income
1 659
1 252
1 571
-
pensions
1 907
1 738
1 118
-
unemployment
559
509
327
-
total
5 031
4 326
3 548
-
Employer
18 618
16 974
16 974
-
accident
242
221
142
-
other
884
806
755
-
chamber of commerce
74
68
68
-
unemployment
559
509
327
-
surtax
-
-
-
-
pensions
2 337
2 131
1 370
-
payroll
559
509
509
-
health
704
642
412
-
total
5 359
4 886
3 583
-
Corporate
1 617
1 617
9 300
-
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.

404
404
2 325
-
total
404
404
2 325
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
10 794
9 616
9 456
6 462
After tax
3 706
4 884
5 044
8 038
Living cost
13 589
13 589
13 589
13 589
Free-cash
-9 883
-8 705
-8 545
-5 551

Estimated living cost  is ₴13589 per week

₴8151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1388
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
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.
₴3807
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
₴7719
₴6584
₴8299
₴5544
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%.

-
-
-
14 500
microenterprise

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

-
-
-
145
total
-
-
-
145
Employee
7 570
-
14 500
-
income
1 514
-
2 900
-
total
1 514
-
2 900
-
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%.

6 930
14 500
-
-
total
-
-
-
-
Dividends
6 930
14 500
-
-
withholding
346
725
-
-
total
346
725
-
-
Income
14 500
14 500
14 500
14 500
Total tax
1 860
725
2 900
145
After tax
12 640
13 775
11 600
14 355
Living cost
6 056
6 056
6 056
6 056
Free-cash
6 584
7 719
5 544
8 299

Estimated living cost  is ₴6056 per week

₴4098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
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.
₴1500
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
-₴1441
-₴7266
-₴3117
-₴3578
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.

-
-
-
14 500
income
-
-
-
2 096
pensions
-
-
-
2 648
unemployment
-
-
-
22
health
-
-
-
1 427
total
-
-
-
6 193
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.

18 835
-
12 546
-
health
1 216
-
811
-
income
3 248
-
1 926
-
pensions
2 919
-
1 945
-
unemployment
27
-
18
-
total
7 410
-
4 700
-
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.

18 835
-
12 546
-
unemployment
11
-
7
-
pensions
1 667
-
1 111
-
health
1 254
-
836
-
total
2 932
-
1 954
-
Corporate
-
14 500
-
-
income
-
2 755
-
-
total
-
2 755
-
-
Dividends
-
11 745
-
-
withholding
-
1 762
-
-
total
-
1 762
-
-
Income
14 500
14 500
14 500
14 500
Total tax
10 342
4 517
6 654
6 193
After tax
4 158
9 983
7 846
8 307
Living cost
11 424
11 424
11 424
11 424
Free-cash
-7 266
-1 441
-3 578
-3 117

Estimated living cost  is ₴11424 per week

₴7840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
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.
₴2631
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
-₴9648
-₴49325
-₴8449
-₴9876
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
-
-
-
14 500
income
-
-
-
2 826
social contributions
-
-
-
1 653
total
-
-
-
4 479
Employee
26 483
-
1 559
-
social contributions
2 172
-
309
-
income
5 842
-
275
-
total
8 014
-
584
-
Employer
26 483
-
1 559
-
social contributions
37 341
-
5 322
-
total
37 341
-
5 322
-
Corporate
-
14 500
-
-
income
-
3 190
-
-
total
-
3 190
-
-
Dividends
-
11 310
-
-
income
-
2 488
-
-
total
-
2 488
-
-
Income
14 500
14 500
14 500
14 500
Total tax
45 355
5 678
5 906
4 479
After tax
-30 855
8 822
8 594
10 021
Living cost
18 470
18 470
18 470
18 470
Free-cash
-49 325
-9 648
-9 876
-8 449

Estimated living cost  is ₴18470 per week

₴11984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
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.
₴4513
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
-₴5112
-₴9742
-₴4754
-₴4941
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.

-
-
-
14 500
income
-
-
-
855
surtax
-
-
-
-
social contributions

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

-
-
-
5 039
total
-
-
-
5 894
Employee
19 589
-
11 717
-
social contributions
2 155
-
1 289
-
surtax
-
-
-
-
income
4 075
-
2 009
-
total
6 230
-
3 298
-
Employer
19 589
-
11 717
-
social contributions
4 652
-
2 783
-
total
4 652
-
2 783
-
Corporate
-
14 500
-
-
surtax
-
-
-
-
income
-
3 045
-
-
total
-
3 045
-
-
Dividends
-
11 455
-
-
withholding
-
3 207
-
-
total
-
3 207
-
-
Income
14 500
14 500
14 500
14 500
Total tax
10 882
6 252
6 081
5 894
After tax
3 618
8 248
8 419
8 606
Living cost
13 360
13 360
13 360
13 360
Free-cash
-9 742
-5 112
-4 941
-4 754

Estimated living cost  is ₴13360 per week

₴9996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
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.
₴2353
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
-₴13264
-₴20509
-₴11658
-₴11296
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
-
-
-
14 500
income
-
-
-
152
pensions
-
-
-
4 446
other
-
-
-
449
health
-
-
-
126
surtax
-
-
-
-
social contributions
-
-
-
413
total
-
-
-
5 586
Employee
26 677
-
11 049
-
social contributions
760
-
314
-
surtax
-
-
-
-
income
2 328
-
208
-
pensions
3 017
-
1 250
-
total
6 105
-
1 772
-
Employer
26 677
-
11 049
-
other
921
-
382
-
social contributions
80
-
33
-
unemployment
1 081
-
448
-
pensions
4 383
-
1 815
-
health
1 867
-
774
-
total
8 332
-
3 452
-
Corporate
-
14 500
-
-
surtax
-
-
-
-
income
-
4 060
-
-
total
-
4 060
-
-
Dividends
-
10 440
-
-
surtax
-
-
-
-
social contributions
-
1 796
-
-
withholding
-
1 336
-
-
total
-
3 132
-
-
Income
14 500
14 500
14 500
14 500
Total tax
14 437
7 192
5 224
5 586
After tax
63
7 308
9 276
8 914
Living cost
20 572
20 572
20 572
20 572
Free-cash
-20 509
-13 264
-11 296
-11 658

Estimated living cost  is ₴20572 per week

₴13923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
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.
₴4684
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
₴247
-₴1316
-₴1493
-₴1065
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
-
-
-
14 500
income
-
-
-
-
social contributions
-
-
-
3 190
total
-
-
-
3 190
Employee
13 693
-
12 554
-
income
-
-
-
-
social contributions
890
-
816
-
total
890
-
816
-
Employer
13 693
-
12 554
-
social contributions
2 123
-
1 946
-
total
2 123
-
1 946
-
Corporate
-
14 500
-
-
income
-
1 450
-
-
total
-
1 450
-
-
Dividends
-
13 050
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
3 013
1 450
2 762
3 190
After tax
11 487
13 050
11 738
11 310
Living cost
12 803
12 803
12 803
12 803
Free-cash
-1 316
247
-1 065
-1 493

Estimated living cost  is ₴12803 per week

₴8278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
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.
₴3319
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
-₴78301
-₴78301
-₴10459
-₴78301
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
-
-
-
14 500
municipal
-
-
-
1 837
pensions
-
-
-
369
national
-
-
-
1 110
labour market
-
-
-
1 130
total
-
-
-
4 446
Employee
86 581
86 581
86 581
-
labour market
6 917
6 917
6 917
-
national
10 577
10 577
10 577
-
municipal
18 437
18 437
18 437
-
pensions
123
123
123
-
total
36 054
36 054
36 054
-
Employer
86 581
86 581
86 581
-
labour market
6 926
6 926
6 926
-
municipal
18 466
18 466
18 466
-
pensions
246
246
246
-
national
10 596
10 596
10 596
-
total
36 234
36 234
36 234
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
72 288
72 288
72 288
4 446
After tax
-57 788
-57 788
-57 788
10 054
Living cost
20 513
20 513
20 513
20 513
Free-cash
-78 301
-78 301
-78 301
-10 459

Estimated living cost  is ₴20513 per week

₴14039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1815
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
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.
₴4344
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
-₴7970
-₴2815
₴366
-₴1487
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
-
-
-
14 500
accident
-
-
-
107
income
-
-
-
2 052
pensions
-
-
-
1 755
other
-
-
-
156
health
-
-
-
920
total
-
-
-
4 990
Employee
14 385
-
12 045
-
health
1 647
-
1 379
-
income
1 973
-
1 653
-
pensions
1 620
-
1 356
-
total
5 240
-
4 388
-
Employer
14 385
-
12 045
-
accident
240
-
201
-
unemployment
352
-
295
-
pensions
2 339
-
1 959
-
total
2 931
-
2 455
-
Corporate
-
14 500
-
-
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.

-
13 050
-
-
total
-
13 050
-
-
Dividends
-
1 450
-
-
withholding
-
276
-
-
total
-
276
-
-
Income
14 500
14 500
14 500
14 500
Total tax
8 171
13 326
6 843
4 990
After tax
6 329
1 174
7 657
9 510
Living cost
9 144
9 144
9 144
9 144
Free-cash
-2 815
-7 970
-1 487
366

Estimated living cost  is ₴9144 per week

₴6656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
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.
₴1795
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
-₴6318
-₴12135
-₴4513
-₴7183
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

-
-
-
14 500
municipal
-
-
-
2 602
health
-
-
-
45
national
-
-
-
14
total
-
-
-
2 661
Employee
22 409
-
12 198
-
health
167
-
10
-
municipal
3 670
-
2 013
-
pensions
1 512
-
824
-
unemployment
336
-
183
-
national
370
-
-
-
total
6 055
-
3 030
-
Employer
22 409
-
12 198
-
accident
23
-
12
-
unemployment
145
-
79
-
pensions
3 888
-
2 116
-
health
172
-
94
-
total
4 228
-
2 301
-
Corporate
-
14 500
-
-
income
-
2 900
-
-
total
-
2 900
-
-
Dividends

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

-
8 700
-
-
national
-
-
-
-
municipal
-
1 566
-
-
total
-
1 566
-
-
Income
14 500
14 500
14 500
14 500
Total tax
10 283
4 466
5 331
2 661
After tax
4 217
10 034
9 169
11 839
Living cost
16 352
16 352
16 352
16 352
Free-cash
-12 135
-6 318
-7 183
-4 513

Estimated living cost  is ₴16352 per week

₴10681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3838
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
-₴4992
-₴1933
₴1700
-₴1633
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
-
-
-
16 192
income
-
-
-
-
health
-
-
-
413
social contributions
-
-
-
2 526
total
-
-
-
2 939
Employee
32 752
32 752
32 752
-
social contributions
1 238
2 718
1 093
-
health
254
557
224
-
income
3 566
3 032
3 619
-
total
5 058
6 307
4 936
-
Employer
32 752
32 752
32 752
-
social contributions
1 238
2 718
1 093
-
health
276
606
243
-
total
1 514
3 324
1 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
14 500
14 500
14 500
14 500
Total tax
6 572
9 631
6 272
2 939
After tax
7 928
4 869
8 228
11 561
Living cost
9 861
9 861
9 861
9 861
Free-cash
-1 933
-4 992
-1 633
1 700

Estimated living cost  is ₴9861 per week

₴5910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
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 Larnaca model

Close
Podgorica , Montenegro
₴5246
₴3079
₴2500
₴2283
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
-
-
-
14 500
income
-
-
-
976
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
5 238
Employee

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

9 776
-
13 146
-
health
831
-
1 117
-
income
668
-
948
-
pensions
1 466
-
1 972
-
unemployment
48
-
65
-
total
3 013
-
4 102
-
Employer

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

9 776
-
13 146
-
unemployment
48
-
65
-
pensions
538
-
723
-
health
420
-
565
-
total
1 006
-
1 353
-
Corporate
3 717
14 500
-
-
income
335
1 305
-
-
total
335
1 305
-
-
Dividends
3 383
13 195
-
-
withholding
305
1 187
-
-
total
305
1 187
-
-
Income
14 500
14 500
14 500
14 500
Total tax
4 659
2 492
5 455
5 238
After tax
9 841
12 008
9 045
9 262
Living cost
6 762
6 762
6 762
6 762
Free-cash
3 079
5 246
2 283
2 500

Estimated living cost  is ₴6762 per week

₴4315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
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.
₴1759
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
-₴1878
-₴6267
-₴3496
-₴4372
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
-
-
-
14 500
accident
-
-
-
130
income
-
-
-
1 933
pensions
-
-
-
4 104
other
-
-
-
15
unemployment
-
-
-
102
total
-
-
-
6 284
Employee
15 749
-
9 966
-
other
15
-
15
-
income
3 036
-
1 722
-
pensions
740
-
668
-
unemployment
244
-
221
-
total
4 035
-
2 626
-
Employer
15 749
-
9 966
-
accident
312
-
281
-
other
126
-
114
-
unemployment
866
-
782
-
pensions
3 716
-
3 357
-
total
5 020
-
4 534
-
Corporate
-
14 500
-
-
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.

-
2 175
-
-
total
-
2 175
-
-
Dividends
-
12 325
-
-
withholding
-
2 491
-
-
total
-
2 491
-
-
Income
14 500
14 500
14 500
14 500
Total tax
9 055
4 666
7 160
6 284
After tax
5 445
9 834
7 340
8 216
Living cost
11 712
11 712
11 712
11 712
Free-cash
-6 267
-1 878
-4 372
-3 496

Estimated living cost  is ₴11712 per week

₴7906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
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.
₴2476
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
₴7878
₴7685
₴7568
₴7486
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
-
-
-
14 500
income
-
-
-
4 290
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
5 762
Employee
1 782
-
13 540
-
health
89
-
213
-
income
345
-
4 245
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
4 885
-
Employer
1 782
-
13 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
12 318
14 500
-
-
income
2 710
3 190
-
-
total
2 710
3 190
-
-
Dividends
9 608
11 310
-
-
withholding
1 922
2 262
-
-
total
1 922
2 262
-
-
Income
14 500
14 500
14 500
14 500
Total tax
5 645
5 452
5 844
5 762
After tax
8 855
9 048
8 656
8 738
Living cost
1 170
1 170
1 170
1 170
Free-cash
7 685
7 878
7 486
7 568

Estimated living cost  is ₴1170 per week

₴695
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.
₴353
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
₴3107
₴1012
₴88
₴714
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.

-
-
-
14 500
income
-
-
-
1 561
pensions
-
-
-
3 770
unemployment
-
-
-
218
health
-
-
-
1 494
total
-
-
-
7 043
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.

11 112
-
12 299
-
health
572
-
633
-
income
1 532
-
1 769
-
pensions
1 556
-
1 722
-
unemployment
83
-
92
-
total
3 743
-
4 216
-
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.

11 112
-
12 299
-
unemployment
83
-
92
-
pensions
1 333
-
1 476
-
health
572
-
633
-
total
1 988
-
2 201
-
Corporate
1 399
14 500
-
-
income
210
2 175
-
-
total
210
2 175
-
-
Dividends
1 189
12 325
-
-
withholding
178
1 849
-
-
total
178
1 849
-
-
Income
14 500
14 500
14 500
14 500
Total tax
6 119
4 024
6 417
7 043
After tax
8 381
10 476
8 083
7 457
Living cost
7 369
7 369
7 369
7 369
Free-cash
1 012
3 107
714
88

Estimated living cost  is ₴7369 per week

₴4962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
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.
₴1624
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
-₴3235
-₴5958
-₴2877
-₴3064
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.

-
-
-
14 500
income
-
-
-
855
surtax
-
-
-
-
social contributions

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

-
-
-
5 039
total
-
-
-
5 894
Employee
16 531
-
11 717
-
social contributions
1 819
-
1 289
-
surtax
-
-
-
-
income
3 230
-
2 009
-
total
5 049
-
3 298
-
Employer
16 531
-
11 717
-
social contributions
3 926
-
2 783
-
total
3 926
-
2 783
-
Corporate
-
14 500
-
-
surtax
-
-
-
-
income
-
3 045
-
-
total
-
3 045
-
-
Dividends
-
11 455
-
-
withholding
-
3 207
-
-
total
-
3 207
-
-
Income
14 500
14 500
14 500
14 500
Total tax
8 975
6 252
6 081
5 894
After tax
5 525
8 248
8 419
8 606
Living cost
11 483
11 483
11 483
11 483
Free-cash
-5 958
-3 235
-3 064
-2 877

Estimated living cost  is ₴11483 per week

₴8133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
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.
₴2349
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
-₴5135
-₴12628
-₴6753
-₴7629
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
-
-
-
14 500
accident
-
-
-
130
income
-
-
-
1 933
pensions
-
-
-
4 104
other
-
-
-
15
unemployment
-
-
-
102
total
-
-
-
6 284
Employee
20 570
-
9 966
-
other
20
-
15
-
income
4 296
-
1 722
-
pensions
967
-
668
-
unemployment
318
-
221
-
total
5 601
-
2 626
-
Employer
20 570
-
9 966
-
accident
407
-
281
-
other
165
-
114
-
unemployment
1 132
-
782
-
pensions
4 854
-
3 357
-
total
6 558
-
4 534
-
Corporate
-
14 500
-
-
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.

-
2 175
-
-
total
-
2 175
-
-
Dividends
-
12 325
-
-
withholding
-
2 491
-
-
total
-
2 491
-
-
Income
14 500
14 500
14 500
14 500
Total tax
12 159
4 666
7 160
6 284
After tax
2 341
9 834
7 340
8 216
Living cost
14 969
14 969
14 969
14 969
Free-cash
-12 628
-5 135
-7 629
-6 753

Estimated living cost  is ₴14969 per week

₴10750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
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.
₴2844
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
₴5068
₴2469
₴1123
₴1824
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
-
-
-
14 500
income
-
-
-
2 175
pensions

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

-
-
-
2 146
unemployment
-
-
-
58
health
-
-
-
1 668
total
-
-
-
6 047
Employee
9 706
-
12 121
-
health
447
-
557
-
accident

We are using the highest rate at 1.1%.

107
-
134
-
income
971
-
1 212
-
pensions

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

852
-
1 064
-
total
2 377
-
2 967
-
Employer
9 706
-
12 121
-
accident

We are using the highest rate at 1.1%.

107
-
134
-
unemployment
58
-
73
-
pensions

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

1 070
-
1 336
-
health
670
-
836
-
total
1 905
-
2 379
-
Corporate
2 890
14 500
-
-
income
289
1 450
-
-
total
289
1 450
-
-
Dividends
2 601
13 050
-
-
withholding
130
652
-
-
total
130
652
-
-
Income
14 500
14 500
14 500
14 500
Total tax
4 701
2 102
5 346
6 047
After tax
9 799
12 398
9 154
8 453
Living cost
7 330
7 330
7 330
7 330
Free-cash
2 469
5 068
1 824
1 123

Estimated living cost  is ₴7330 per week

₴4848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
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.
₴1888
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
-₴8882
-₴6693
-₴4871
-₴4871
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.

-
-
-
14 500
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.

-
-
-
16
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.

-
-
-
2 910
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.

-
-
-
1
total
-
-
-
2 927
Employee

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

21 192
-
14 500
-
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.

2 910
-
2 910
-
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.

96
-
1
-
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.

1 743
-
16
-
total
4 749
-
2 927
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
14 500
-
-
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.

-
120
-
-
income
-
2 175
-
-
trade
-
2 080
-
-
chamber of commerce
-
86
-
-
total
-
4 461
-
-
Dividends
-
10 039
-
-
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.

-
129
-
-
withholding
-
2 348
-
-
total
-
2 477
-
-
Income
14 500
14 500
14 500
14 500
Total tax
4 749
6 938
2 927
2 927
After tax
9 751
7 562
11 573
11 573
Living cost
16 444
16 444
16 444
16 444
Free-cash
-6 693
-8 882
-4 871
-4 871

Estimated living cost  is ₴16444 per week

₴11343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
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.
₴3092
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
-₴14112
-₴18818
-₴11848
-₴11848
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
-
-
-
14 500
income
-
-
-
1 566
social contributions
-
-
-
519
total
-
-
-
2 085
Employee
33 317
-
14 500
-
income
6 287
-
1 566
-
social contributions
2 768
-
519
-
total
9 055
-
2 085
-
Employer
33 317
-
14 500
-
total
-
-
-
-
Corporate
-
14 500
-
-
income
-
1 812
-
-
total
-
1 812
-
-
Dividends
-
12 688
-
-
withholding
-
2 537
-
-
total
-
2 537
-
-
Income
14 500
14 500
14 500
14 500
Total tax
9 055
4 349
2 085
2 085
After tax
5 445
10 151
12 415
12 415
Living cost
24 263
24 263
24 263
24 263
Free-cash
-18 818
-14 112
-11 848
-11 848

Estimated living cost  is ₴24263 per week

₴18459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
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.
₴3595
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
-₴7450
-₴8268
-₴15943
-₴4292
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.

-
-
-
14 500
income
-
-
-
12 124
health

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

-
-
-
2 858
total
-
-
-
14 982
Employee
19 539
-
13 179
-
income
2 120
-
689
-
social contributions
1 958
-
1 321
-
total
4 078
-
2 010
-
Employer
19 539
-
13 179
-
social contributions
1 958
-
1 321
-
total
1 958
-
1 321
-
Corporate
-
14 500
-
-
income
-
5 075
-
-
total
-
5 075
-
-
Dividends
-
9 425
-
-
social contributions
1 271
1 414
-
-
total
1 271
1 414
-
-
Income
14 500
14 500
14 500
14 500
Total tax
7 307
6 489
3 331
14 982
After tax
7 193
8 011
11 169
-482
Living cost
15 461
15 461
15 461
15 461
Free-cash
-8 268
-7 450
-4 292
-15 943

Estimated living cost  is ₴15461 per week

₴10184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
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.
₴3821
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
-₴5099
-₴10041
-₴4834
-₴5969
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
-
-
-
14 500
income
-
-
-
2 783
pensions
-
-
-
588
total
-
-
-
3 371
Employee
21 912
-
13 233
-
health
286
-
108
-
income
3 990
-
2 499
-
pensions
1 672
-
631
-
total
5 948
-
3 238
-
Employer
21 912
-
13 233
-
pensions
2 214
-
1 016
-
health
416
-
252
-
total
2 630
-
1 268
-
Corporate
-
14 500
-
-
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.

-
2 755
-
-
total
-
2 755
-
-
Dividends
-
11 745
-
-
withholding
-
881
-
-
total
-
881
-
-
Income
14 500
14 500
14 500
14 500
Total tax
8 578
3 636
4 506
3 371
After tax
5 922
10 864
9 994
11 129
Living cost
15 963
15 963
15 963
15 963
Free-cash
-10 041
-5 099
-5 969
-4 834

Estimated living cost  is ₴15963 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
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.
₴3344
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
-₴8876
-₴4530
-₴540
-₴2393
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
-
-
-
14 500
accident
-
-
-
107
income
-
-
-
2 052
pensions
-
-
-
1 755
other
-
-
-
156
health
-
-
-
920
total
-
-
-
4 990
Employee
15 809
-
12 045
-
health
1 810
-
1 379
-
income
2 169
-
1 653
-
pensions
1 780
-
1 356
-
total
5 759
-
4 388
-
Employer
15 809
-
12 045
-
accident
264
-
201
-
unemployment
387
-
295
-
pensions
2 570
-
1 959
-
total
3 221
-
2 455
-
Corporate
-
14 500
-
-
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.

-
13 050
-
-
total
-
13 050
-
-
Dividends
-
1 450
-
-
withholding
-
276
-
-
total
-
276
-
-
Income
14 500
14 500
14 500
14 500
Total tax
8 980
13 326
6 843
4 990
After tax
5 520
1 174
7 657
9 510
Living cost
10 050
10 050
10 050
10 050
Free-cash
-4 530
-8 876
-2 393
-540

Estimated living cost  is ₴10050 per week

₴7375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
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.
₴1886
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
₴6574
₴4504
₴3286
₴3286
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.

-
-
-
14 500
work injury
-
-
-
72
health insurance
-
-
-
1 073
income
-
-
-
1 476
pensions
-
-
-
2 668
unemployment
-
-
-
174
total
-
-
-
5 463
Employee

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

9 202
-
14 500
-
work injury
46
-
72
-
income
920
-
1 476
-
pensions
1 693
-
2 668
-
health insurance
681
-
1 073
-
unemployment
110
-
174
-
total
3 450
-
5 463
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 298
14 500
-
-
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
5 298
14 500
-
-
withholding
795
2 175
-
-
total
795
2 175
-
-
Income
14 500
14 500
14 500
14 500
Total tax
4 245
2 175
5 463
5 463
After tax
10 255
12 325
9 037
9 037
Living cost
5 751
5 751
5 751
5 751
Free-cash
4 504
6 574
3 286
3 286

Estimated living cost  is ₴5751 per week

₴3563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
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.
₴1591
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

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Rome , Italy
-₴9330
-₴21391
-₴8958
-₴9821
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
-
-
-
14 500
municipal
-
-
-
97
regional
-
-
-
187
national
-
-
-
2 477
social contributions
-
-
-
3 729
total
-
-
-
6 490
Employee
35 891
-
14 500
-
social contributions
12 102
-
4 889
-
regional
542
-
167
-
municipal
214
-
86
-
national
6 065
-
2 211
-
total
18 923
-
7 353
-
Employer
35 891
-
14 500
-
total
-
-
-
-
Corporate
-
14 500
-
-
nationa
-
3 480
-
-
municipal
-
699
-
-
total
-
4 179
-
-
Dividends
-
10 321
-
-
withholding
-
2 683
-
-
total
-
2 683
-
-
Income
14 500
14 500
14 500
14 500
Total tax
18 923
6 862
7 353
6 490
After tax
-4 423
7 638
7 147
8 010
Living cost
16 968
16 968
16 968
16 968
Free-cash
-21 391
-9 330
-9 821
-8 958

Estimated living cost  is ₴16968 per week

₴11919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
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.
₴3625
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

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