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
₴ 15000
per

Your estimated
City
free-cash

Dresden , Germany
-₴4372
-₴7736
-₴4372
-₴4477
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.

-
-
-
15 000
health

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

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

-
-
-
3 479
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.

-
-
-
445
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.

-
-
-
24
trade
-
-
-
-
total
-
-
-
3 948
Employee

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

19 477
-
15 000
-
surtax

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

30
-
24
-
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.

544
-
445
-
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.

3 479
-
3 479
-
total
4 053
-
3 948
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
chamber of commerce
-
99
-
-
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
-
-
trade
-
2 363
-
-
income
-
2 250
-
-
total
-
4 836
-
-
Dividends
-
10 165
-
-
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
-
2 347
-
-
total
-
2 476
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 053
7 312
3 948
3 948
After tax
10 947
7 688
11 052
11 052
Living cost
15 424
15 424
15 424
15 424
Free-cash
-4 477
-7 736
-4 372
-4 372

Estimated living cost  is ₴15424 per week

₴9702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
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.
₴3636
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
-₴16529
-₴17554
-₴16647
-₴30508
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
-
-
-
15 000
social contributions
-
-
-
161
pensions
-
-
-
1 800
national
-
-
-
1 685
municipal
-
-
-
1 087
total
-
-
-
4 733
Employee
41 721
-
12 967
-
municipal
5 153
-
1 145
-
national
7 985
-
1 775
-
pensions
1 669
-
519
-
total
14 807
-
3 439
-
Employer
41 721
-
12 967
-
pensions
3 338
-
1 037
-
social contributions
449
-
139
-
total
3 787
-
1 176
-
Corporate
-
15 000
-
-
income

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

-
3 000
-
-
total
-
3 000
-
-
Dividends
-
12 000
-
-
withholding
-
2 640
-
-
total
-
2 640
-
-
Income
15 000
15 000
15 000
15 000
Total tax
18 594
5 640
4 615
4 733
After tax
-3 594
9 360
10 385
10 267
Living cost
26 914
26 914
26 914
26 914
Free-cash
-30 508
-17 554
-16 529
-16 647

Estimated living cost  is ₴26914 per week

₴18293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
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.
₴5716
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
-₴1988
₴1406
₴553
-₴3464
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.

-
-
-
15 000
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.

-
-
-
1 603
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
2 250
total
-
-
-
3 853
Employee
14 880
-
12 088
-
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.

1 637
-
1 330
-
income
2 649
-
2 152
-
total
4 286
-
3 482
-
Employer
14 880
-
12 088
-
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.

3 584
-
2 912
-
total
3 584
-
2 912
-
Corporate
-
15 000
-
-
income

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

-
3 000
-
-
total
-
3 000
-
-
Dividends

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

-
12 000
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
7 870
3 000
6 394
3 853
After tax
7 130
12 000
8 606
11 147
Living cost
10 594
10 594
10 594
10 594
Free-cash
-3 464
1 406
-1 988
553

Estimated living cost  is ₴10594 per week

₴6759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
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.
₴2586
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
-₴35570
-₴32710
-₴12686
-₴35570
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
-
-
-
15 000
health
-
-
-
2 303
income
-
-
-
1 350
pensions
-
-
-
2 700
total
-
-
-
6 353
Employee
43 487
43 487
43 487
-
income

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

7 118
7 118
7 118
-
pensions
7 828
5 966
7 828
-
health
6 675
5 677
6 675
-
total
21 621
18 761
21 621
-
Employer
43 487
43 487
43 487
-
unemployment
1 566
1 566
1 566
-
health
3 023
3 023
3 023
-
pensions
3 027
3 027
3 027
-
total
7 616
7 616
7 616
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
29 237
26 377
29 237
6 353
After tax
-14 237
-11 377
-14 237
8 647
Living cost
21 333
21 333
21 333
21 333
Free-cash
-35 570
-32 710
-35 570
-12 686

Estimated living cost  is ₴21333 per week

₴15118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
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 Rotterdam model

Close
Stockholm , Sweden
-₴13040
-₴12860
-₴13573
-₴24418
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
-
-
-
15 000
other
-
-
-
1 743
health
-
-
-
936
accident
-
-
-
30
pensions
-
-
-
1 622
national
-
-
-
-
unemployment
-
-
-
15
municipal
-
-
-
3 177
total
-
-
-
7 523
Employee
29 994
-
11 414
-
municipal
8 944
-
3 404
-
national
-
-
-
-
total
8 944
-
3 404
-
Employer
29 994
-
11 414
-
other
3 485
-
1 326
-
unemployment
792
-
301
-
health
1 845
-
702
-
accident
60
-
23
-
pensions
3 242
-
1 234
-
total
9 424
-
3 586
-
Corporate
-
15 000
-
-
income
-
3 300
-
-
total
-
3 300
-
-
Dividends
-
11 700
-
-
withholding
-
3 510
-
-
total
-
3 510
-
-
Income
15 000
15 000
15 000
15 000
Total tax
18 368
6 810
6 990
7 523
After tax
-3 368
8 190
8 010
7 477
Living cost
21 050
21 050
21 050
21 050
Free-cash
-24 418
-12 860
-13 040
-13 573

Estimated living cost  is ₴21050 per week

₴13951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2066
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
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.
₴4714
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
-₴8953
-₴12394
-₴8953
-₴10825
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.

-
-
-
15 000
health

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

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

-
-
-
3 479
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.

-
-
-
445
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.

-
-
-
24
trade
-
-
-
-
total
-
-
-
3 948
Employee

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

25 825
-
15 000
-
surtax

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

122
-
24
-
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.

2 219
-
445
-
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.

3 479
-
3 479
-
total
5 820
-
3 948
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
chamber of commerce
-
99
-
-
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
-
-
trade
-
2 467
-
-
income
-
2 250
-
-
total
-
4 940
-
-
Dividends
-
10 061
-
-
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.

-
128
-
-
withholding
-
2 321
-
-
total
-
2 449
-
-
Income
15 000
15 000
15 000
15 000
Total tax
5 820
7 389
3 948
3 948
After tax
9 180
7 611
11 052
11 052
Living cost
20 005
20 005
20 005
20 005
Free-cash
-10 825
-12 394
-8 953
-8 953

Estimated living cost  is ₴20005 per week

₴13379
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.
₴299
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.
₴4217
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
-₴8653
-₴13033
-₴5031
-₴10248
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
-
-
-
19 359
social contributions
-
-
-
3 020
health
-
-
-
494
income
-
-
-
-
total
-
-
-
3 514
Employee
39 158
39 158
39 158
-
social contributions
1 903
3 250
1 131
-
income
4 112
3 625
4 390
-
health
389
666
232
-
total
6 404
7 541
5 753
-
Employer
39 158
39 158
39 158
-
health
424
725
252
-
social contributions
1 903
3 250
1 131
-
total
2 327
3 975
1 383
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
8 731
11 516
7 136
3 514
After tax
6 269
3 484
7 864
11 486
Living cost
16 517
16 517
16 517
16 517
Free-cash
-10 248
-13 033
-8 653
-5 031

Estimated living cost  is ₴16517 per week

₴11291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1290
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
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.
₴3659
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
-₴665
-₴776
₴1031
-₴1147
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
-
-
-
15 000
health
-
-
-
1 050
income
-
-
-
1 834
pensions
-
-
-
1 500
unemployment
-
-
-
225
total
-
-
-
4 609
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.

13 511
5 377
12 552
-
income
1 652
657
1 535
-
pensions
1 351
538
1 255
-
health
946
376
879
-
unemployment
203
81
188
-
total
4 152
1 652
3 857
-
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.

13 511
5 377
12 552
-
pensions
2 635
1 049
2 448
-
total
2 635
1 049
2 448
-
Corporate
-
8 574
-
-
income
-
772
-
-
total
-
772
-
-
Dividends
-
7 803
-
-
social contributions
-
1 460
-
-
withholding
-
1 483
-
-
total
-
2 943
-
-
Income
15 000
15 000
15 000
15 000
Total tax
6 787
6 416
6 305
4 609
After tax
8 213
8 584
8 695
10 391
Living cost
9 360
9 360
9 360
9 360
Free-cash
-1 147
-776
-665
1 031

Estimated living cost  is ₴9360 per week

₴6387
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.
₴187
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.
₴2020
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
-₴2495
-₴300
-₴3101
-₴4329
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
-
-
-
15 000
health
-
-
-
1 950
income
-
-
-
850
pensions
-
-
-
3 001
total
-
-
-
5 801
Employee
14 446
-
11 211
-
income
1 626
-
1 002
-
pensions
289
-
224
-
unemployment
231
-
180
-
total
2 146
-
1 406
-
Employer
14 446
-
11 211
-
unemployment
116
-
90
-
health
1 878
-
1 457
-
pensions
2 889
-
2 242
-
total
4 883
-
3 789
-
Corporate
-
15 000
-
-
income
-
3 000
-
-
total
-
3 000
-
-
Dividends
-
12 000
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
7 029
3 000
5 195
5 801
After tax
7 971
12 000
9 805
9 199
Living cost
12 300
12 300
12 300
12 300
Free-cash
-4 329
-300
-2 495
-3 101

Estimated living cost  is ₴12300 per week

₴8436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
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.
₴2884
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
-₴3341
-₴10048
-₴1859
-₴6329
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
-
-
-
15 000
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
2 030
pensions
-
-
-
2 130
total
-
-
-
5 596
Employee
17 718
-
12 461
-
income
2 431
-
1 709
-
pensions
1 995
-
1 403
-
health
2 029
-
1 427
-
total
6 455
-
4 539
-
Employer
17 718
-
12 461
-
unemployment
434
-
305
-
accident
296
-
208
-
pensions
2 881
-
2 026
-
total
3 611
-
2 539
-
Corporate
-
15 000
-
-
income

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

-
13 500
-
-
total
-
13 500
-
-
Dividends
-
1 500
-
-
withholding
-
285
-
-
total
-
285
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 066
13 785
7 078
5 596
After tax
4 934
1 215
7 922
9 404
Living cost
11 263
11 263
11 263
11 263
Free-cash
-6 329
-10 048
-3 341
-1 859

Estimated living cost  is ₴11263 per week

₴8255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
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
₴7734
₴9984
₴10584
₴9185
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%.

-
-
-
15 000
microenterprise

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

-
-
-
150
total
-
-
-
150
Employee
5 332
-
15 000
-
income
1 066
-
3 000
-
total
1 066
-
3 000
-
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%.

9 668
15 000
-
-
total
-
-
-
-
Dividends
9 668
15 000
-
-
withholding
483
750
-
-
total
483
750
-
-
Income
15 000
15 000
15 000
15 000
Total tax
1 549
750
3 000
150
After tax
13 451
14 250
12 000
14 850
Living cost
4 266
4 266
4 266
4 266
Free-cash
9 185
9 984
7 734
10 584

Estimated living cost  is ₴4266 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
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.
₴1150
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
-₴4778
-₴2548
-₴5447
-₴8151
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
-
-
-
15 000
other
-
-
-
712
health
-
-
-
660
income
-
-
-
1 906
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.

-
-
-
3 600
total
-
-
-
6 878
Employee
18 490
-
11 980
-
income
3 183
-
2 062
-
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.

1 294
-
839
-
health
259
-
168
-
unemployment
185
-
120
-
total
4 921
-
3 189
-
Employer
18 490
-
11 980
-
other
925
-
599
-
unemployment
185
-
120
-
health
259
-
168
-
accident
148
-
96
-
pensions

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

3 144
-
2 037
-
total
4 661
-
3 020
-
Corporate
-
15 000
-
-
income
-
3 150
-
-
total
-
3 150
-
-
Dividends
-
11 850
-
-
withholding
-
829
-
-
total
-
829
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 582
3 979
6 209
6 878
After tax
5 418
11 021
8 791
8 122
Living cost
13 569
13 569
13 569
13 569
Free-cash
-8 151
-2 548
-4 778
-5 447

Estimated living cost  is ₴13569 per week

₴9587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
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.
₴2847
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
-₴23295
-₴22593
-₴22237
-₴39429
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
-
-
-
15 000
income
-
-
-
2 899
pensions
-
-
-
506
total
-
-
-
3 405
Employee
47 867
-
13 789
-
income
8 629
-
2 634
-
health
789
-
90
-
pensions
4 618
-
528
-
total
14 036
-
3 252
-
Employer
47 867
-
13 789
-
health
909
-
262
-
pensions
5 652
-
949
-
total
6 561
-
1 211
-
Corporate
-
15 000
-
-
income

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

-
2 850
-
-
total
-
2 850
-
-
Dividends
-
12 150
-
-
withholding
-
911
-
-
total
-
911
-
-
Income
15 000
15 000
15 000
15 000
Total tax
20 597
3 761
4 463
3 405
After tax
-5 597
11 239
10 537
11 595
Living cost
33 832
33 832
33 832
33 832
Free-cash
-39 429
-22 593
-23 295
-22 237

Estimated living cost  is ₴33832 per week

₴25351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
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.
₴4231
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
₴2827
₴6183
₴2103
₴3829
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
-
-
-
15 000
health
-
-
-
1 725
income
-
-
-
2 250
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
total
-
-
-
6 255
Employee
8 795
-
12 539
-
income
879
-
1 254
-
accident

We are using the highest rate at 1.1%.

97
-
138
-
pensions

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

772
-
1 101
-
health
405
-
577
-
total
2 153
-
3 070
-
Employer
8 795
-
12 539
-
unemployment
53
-
75
-
health
607
-
866
-
accident

We are using the highest rate at 1.1%.

97
-
138
-
pensions

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

969
-
1 382
-
total
1 726
-
2 461
-
Corporate
4 479
15 000
-
-
income
448
1 500
-
-
total
448
1 500
-
-
Dividends
4 032
13 500
-
-
withholding
202
675
-
-
total
202
675
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 529
2 175
5 531
6 255
After tax
10 471
12 825
9 469
8 745
Living cost
6 642
6 642
6 642
6 642
Free-cash
3 829
6 183
2 827
2 103

Estimated living cost  is ₴6642 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
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
-₴42475
-₴39615
-₴19591
-₴40479
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
-
-
-
15 000
health
-
-
-
2 303
income
-
-
-
1 350
pensions
-
-
-
2 700
total
-
-
-
6 353
Employee
47 213
43 487
43 487
-
income

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

7 118
7 118
7 118
-
pensions
5 966
5 966
7 828
-
health
5 890
5 677
6 675
-
total
18 974
18 761
21 621
-
Employer
47 213
43 487
43 487
-
unemployment
1 700
1 566
1 566
-
health
3 281
3 023
3 023
-
pensions
3 286
3 027
3 027
-
total
8 267
7 616
7 616
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
27 241
26 377
29 237
6 353
After tax
-12 241
-11 377
-14 237
8 647
Living cost
28 238
28 238
28 238
28 238
Free-cash
-40 479
-39 615
-42 475
-19 591

Estimated living cost  is ₴28238 per week

₴20830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4562
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
-₴4941
-₴2225
-₴5247
-₴9736
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
-
-
-
15 000
social contributions
-
-
-
4 380
health
-
-
-
2 025
income
-
-
-
1 289
solidarity contribution
-
-
-
-
total
-
-
-
7 694
Employee
18 460
-
11 194
-
social contributions
1 200
-
728
-
solidarity contribution
-
-
-
-
income
2 215
-
1 343
-
health
2 492
-
1 511
-
total
5 907
-
3 582
-
Employer
18 460
-
11 194
-
health
1 661
-
1 007
-
social contributions
4 615
-
2 799
-
total
6 276
-
3 806
-
Corporate
-
15 000
-
-
income
-
2 850
-
-
total
-
2 850
-
-
Dividends
-
12 150
-
-
withholding
-
1 822
-
-
total
-
1 822
-
-
Income
15 000
15 000
15 000
15 000
Total tax
12 183
4 672
7 388
7 694
After tax
2 817
10 328
7 612
7 306
Living cost
12 553
12 553
12 553
12 553
Free-cash
-9 736
-2 225
-4 941
-5 247

Estimated living cost  is ₴12553 per week

₴8719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
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.
₴2694
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
-₴14121
-₴13485
-₴13203
-₴30258
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
-
-
-
15 000
social contributions
-
-
-
3 947
national
-
-
-
2 543
regional
-
-
-
136
municipal
-
-
-
89
total
-
-
-
6 715
Employee
45 258
-
15 000
-
social contributions
15 261
-
5 174
-
municipal
240
-
78
-
national
7 842
-
2 260
-
regional
427
-
121
-
total
23 770
-
7 633
-
Employer
45 258
-
15 000
-
total
-
-
-
-
Corporate
-
15 000
-
-
nationa
-
3 600
-
-
municipal
-
585
-
-
total
-
4 185
-
-
Dividends
-
10 816
-
-
withholding
-
2 812
-
-
total
-
2 812
-
-
Income
15 000
15 000
15 000
15 000
Total tax
23 770
6 997
7 633
6 715
After tax
-8 770
8 003
7 367
8 285
Living cost
21 488
21 488
21 488
21 488
Free-cash
-30 258
-13 485
-14 121
-13 203

Estimated living cost  is ₴21488 per week

₴14979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
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.
₴4770
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
-₴2926
-₴1802
-₴2582
-₴5384
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
-
-
-
15 000
other
-
-
-
-
health
-
-
-
1 065
income
-
-
-
2 164
pensions
-
-
-
3 000
surtax
-
-
-
-
unemployment
-
-
-
116
total
-
-
-
6 345
Employee
16 840
-
12 392
-
surtax
55
-
-
-
income
2 823
-
2 078
-
other
-
-
-
-
pensions
1 123
-
826
-
health
430
-
316
-
unemployment
1 172
-
862
-
total
5 603
-
4 082
-
Employer
16 840
-
12 392
-
other
-
-
-
-
unemployment
533
-
392
-
health
766
-
563
-
pensions
2 245
-
1 652
-
total
3 544
-
2 607
-
Corporate
-
15 000
-
-
income
-
3 900
-
-
total
-
3 900
-
-
Dividends
-
11 100
-
-
withholding
-
1 665
-
-
total
-
1 665
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 147
5 565
6 689
6 345
After tax
5 853
9 435
8 311
8 655
Living cost
11 237
11 237
11 237
11 237
Free-cash
-5 384
-1 802
-2 926
-2 582

Estimated living cost  is ₴11237 per week

₴6871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3070
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
-₴12576
-₴11874
-₴11518
-₴21162
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
-
-
-
15 000
income
-
-
-
2 899
pensions
-
-
-
506
total
-
-
-
3 405
Employee
32 079
-
13 789
-
income
5 778
-
2 634
-
health
466
-
90
-
pensions
2 723
-
528
-
total
8 967
-
3 252
-
Employer
32 079
-
13 789
-
health
609
-
262
-
pensions
3 473
-
949
-
total
4 082
-
1 211
-
Corporate
-
15 000
-
-
income

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

-
2 850
-
-
total
-
2 850
-
-
Dividends
-
12 150
-
-
withholding
-
911
-
-
total
-
911
-
-
Income
15 000
15 000
15 000
15 000
Total tax
13 049
3 761
4 463
3 405
After tax
1 951
11 239
10 537
11 595
Living cost
23 113
23 113
23 113
23 113
Free-cash
-21 162
-11 874
-12 576
-11 518

Estimated living cost  is ₴23113 per week

₴17316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1732
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.
₴3822
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
-₴29585
-₴34093
-₴28058
-₴37488
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
-
-
-
15 000
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.

-
-
-
300
health
-
-
-
134
pensions
-
-
-
1 380
city
-
-
-
157
national
-
-
-
-
regional
-
-
-
135
total
-
-
-
2 106
Employee
47 925
-
13 019
-
national
227
-
-
-
city
514
-
135
-
pensions
4 026
-
1 547
-
health
108
-
29
-
regional
1 569
-
85
-
unemployment
-
-
-
-
total
6 444
-
1 796
-
Employer
47 925
-
13 019
-
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.

958
-
261
-
unemployment
-
-
-
-
health
108
-
29
-
pensions
4 026
-
1 547
-
total
5 092
-
1 837
-
Corporate
-
15 000
-
-
regional
-
3 172
-
-
national
-
1 275
-
-
total
-
4 447
-
-
Dividends
-
10 553
-
-
withholding
-
3 694
-
-
total
-
3 694
-
-
Income
15 000
15 000
15 000
15 000
Total tax
11 536
8 141
3 633
2 106
After tax
3 464
6 859
11 367
12 894
Living cost
40 952
40 952
40 952
40 952
Free-cash
-37 488
-34 093
-29 585
-28 058

Estimated living cost  is ₴40952 per week

₴26631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴503
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.
₴10144
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
-₴12276
-₴15796
-₴12276
-₴15604
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.

-
-
-
15 000
health

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

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

-
-
-
3 479
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.

-
-
-
445
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.

-
-
-
24
trade
-
-
-
-
total
-
-
-
3 948
Employee

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

30 604
-
15 000
-
surtax

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

198
-
24
-
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.

3 599
-
445
-
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.

3 479
-
3 479
-
total
7 276
-
3 948
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
chamber of commerce
-
99
-
-
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
-
-
trade
-
2 572
-
-
income
-
2 250
-
-
total
-
5 045
-
-
Dividends
-
9 956
-
-
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.

-
127
-
-
withholding
-
2 295
-
-
total
-
2 422
-
-
Income
15 000
15 000
15 000
15 000
Total tax
7 276
7 467
3 948
3 948
After tax
7 724
7 533
11 052
11 052
Living cost
23 328
23 328
23 328
23 328
Free-cash
-15 604
-15 796
-12 276
-12 276

Estimated living cost  is ₴23328 per week

₴17038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
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.
₴4122
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
-₴7645
-₴9863
-₴8158
-₴13600
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
-
-
-
15 000
other
-
-
-
465
social contributions
-
-
-
427
health
-
-
-
136
income
-
-
-
-
pensions
-
-
-
4 707
surtax
-
-
-
-
total
-
-
-
5 735
Employee
21 795
-
11 431
-
surtax
-
-
-
-
social contributions
621
-
326
-
income
1 286
-
34
-
pensions
2 464
-
1 293
-
total
4 371
-
1 653
-
Employer
21 795
-
11 431
-
other
752
-
394
-
unemployment
882
-
463
-
health
1 526
-
800
-
pensions
3 580
-
1 878
-
social contributions
66
-
34
-
total
6 806
-
3 569
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
10 800
-
-
social contributions
-
1 857
-
-
surtax
-
-
-
-
withholding
-
1 383
-
-
total
-
3 240
-
-
Income
15 000
15 000
15 000
15 000
Total tax
11 177
7 440
5 222
5 735
After tax
3 823
7 560
9 778
9 265
Living cost
17 423
17 423
17 423
17 423
Free-cash
-13 600
-9 863
-7 645
-8 158

Estimated living cost  is ₴17423 per week

₴10986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-₴5919
-₴8137
-₴6432
-₴10532
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
-
-
-
15 000
other
-
-
-
465
social contributions
-
-
-
427
health
-
-
-
136
income
-
-
-
-
pensions
-
-
-
4 707
surtax
-
-
-
-
total
-
-
-
5 735
Employee
19 455
-
11 431
-
surtax
-
-
-
-
social contributions
555
-
326
-
income
1 003
-
34
-
pensions
2 200
-
1 293
-
total
3 758
-
1 653
-
Employer
19 455
-
11 431
-
other
672
-
394
-
unemployment
788
-
463
-
health
1 362
-
800
-
pensions
3 197
-
1 878
-
social contributions
58
-
34
-
total
6 077
-
3 569
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
10 800
-
-
social contributions
-
1 857
-
-
surtax
-
-
-
-
withholding
-
1 383
-
-
total
-
3 240
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 835
7 440
5 222
5 735
After tax
5 165
7 560
9 778
9 265
Living cost
15 697
15 697
15 697
15 697
Free-cash
-10 532
-8 137
-5 919
-6 432

Estimated living cost  is ₴15697 per week

₴9103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
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.
₴4701
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
-₴1274
-₴1647
-₴1165
-₴3603
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
-
-
-
15 000
social contributions
-
-
-
2 070
health
-
-
-
1 047
income
-
-
-
2 250
total
-
-
-
5 367
Employee
17 266
-
15 000
-
social contributions
2 383
-
2 070
-
income
2 880
-
2 359
-
health
1 205
-
1 047
-
total
6 468
-
5 476
-
Employer
17 266
-
15 000
-
total
-
-
-
-
Corporate
-
15 000
-
-
income

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

-
750
-
-
total
-
750
-
-
Dividends
-
14 250
-
-
social contributions
888
1 967
-
-
withholding
-
2 138
-
-
health
449
994
-
-
total
1 337
5 099
-
-
Income
15 000
15 000
15 000
15 000
Total tax
7 805
5 849
5 476
5 367
After tax
7 195
9 151
9 524
9 633
Living cost
10 798
10 798
10 798
10 798
Free-cash
-3 603
-1 647
-1 274
-1 165

Estimated living cost  is ₴10798 per week

₴7227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴666
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.
₴2657
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
-₴13181
-₴14541
-₴10150
-₴18356
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
-
-
-
15 000
health
-
-
-
1 147
income
-
-
-
-
chamber of commerce
-
-
-
60
pensions
-
-
-
2 775
surtax
-
-
-
101
unemployment
-
-
-
3 123
total
-
-
-
7 206
Employee
25 449
20 294
20 294
-
income
2 897
1 497
2 006
-
other
254
203
110
-
pensions
2 606
2 078
1 131
-
health
985
786
427
-
unemployment
763
609
331
-
total
7 505
5 173
4 005
-
Employer
25 449
20 294
20 294
-
other
1 209
963
885
-
unemployment
763
609
331
-
health
962
767
417
-
surtax
101
101
101
-
accident
331
264
144
-
pensions
3 194
2 547
1 386
-
payroll
763
609
609
-
chamber of commerce
101
81
81
-
total
7 424
5 941
3 954
-
Corporate
1 933
1 933
9 113
-
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.

483
483
2 278
-
total
483
483
2 278
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
15 412
11 597
10 237
7 206
After tax
-412
3 403
4 763
7 794
Living cost
17 944
17 944
17 944
17 944
Free-cash
-18 356
-14 541
-13 181
-10 150

Estimated living cost  is ₴17944 per week

₴11968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
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.
₴4151
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
-₴11599
-₴10025
-₴8763
-₴32031
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
-
-
-
15 000
social contributions
-
-
-
400
communal

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

-
-
-
876
national
-
-
-
3 919
total
-
-
-
5 195
Employee

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

36 426
-
11 617
-
national
11 199
-
2 524
-
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.

2 732
-
872
-
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.

1 711
-
546
-
communal

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

1 900
-
606
-
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.

317
-
101
-
total
17 859
-
4 649
-
Employer

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

36 426
-
11 617
-
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.

532
-
170
-
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.

2 240
-
714
-
surtax
4 130
-
1 318
-
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.

474
-
151
-
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.

3 228
-
1 029
-
total
10 604
-
3 382
-
Corporate
-
15 000
-
-
surtax
-
60
-
-
income
-
3 000
-
-
total
-
3 060
-
-
Dividends
-
11 940
-
-
withholding

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

-
3 397
-
-
total
-
3 397
-
-
Income
15 000
15 000
15 000
15 000
Total tax
28 463
6 457
8 031
5 195
After tax
-13 463
8 543
6 969
9 805
Living cost
18 568
18 568
18 568
18 568
Free-cash
-32 031
-10 025
-11 599
-8 763

Estimated living cost  is ₴18568 per week

₴11960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
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.
₴4694
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
-₴11506
-₴8203
-₴9886
-₴18429
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
-
-
-
15 000
other
-
-
-
15
accident
-
-
-
135
income
-
-
-
1 995
pensions
-
-
-
4 245
unemployment
-
-
-
105
total
-
-
-
6 495
Employee
25 349
-
9 579
-
income
5 348
-
1 615
-
other
25
-
17
-
pensions
1 192
-
799
-
unemployment
393
-
264
-
total
6 958
-
2 695
-
Employer
25 349
-
9 579
-
other
202
-
136
-
unemployment
1 394
-
935
-
accident
502
-
336
-
pensions
5 982
-
4 013
-
total
8 080
-
5 420
-
Corporate
-
15 000
-
-
income

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

-
2 250
-
-
total
-
2 250
-
-
Dividends
-
12 750
-
-
withholding
-
2 562
-
-
total
-
2 562
-
-
Income
15 000
15 000
15 000
15 000
Total tax
15 038
4 812
8 115
6 495
After tax
-38
10 188
6 885
8 505
Living cost
18 391
18 391
18 391
18 391
Free-cash
-18 429
-8 203
-11 506
-9 886

Estimated living cost  is ₴18391 per week

₴13543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
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.
₴3278
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
-₴19223
-₴17412
-₴19222
-₴28172
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
-
-
-
15 000
health
-
-
-
1 817
accident
-
-
-
218
income
-
-
-
-
pensions
-
-
-
3 877
communal
-
-
-
-
surtax
-
-
-
636
total
-
-
-
6 548
Employee
38 564
-
12 104
-
surtax
2 364
-
636
-
income
3 725
-
-
-
pensions
3 085
-
1 939
-
health
1 716
-
1 078
-
total
10 890
-
3 653
-
Employer
38 564
-
12 104
-
health
1 176
-
739
-
accident
347
-
218
-
pensions
3 085
-
1 939
-
total
4 608
-
2 896
-
Corporate
-
15 000
-
-
surtax
-
158
-
-
income
-
2 250
-
-
communal
-
-
-
-
total
-
2 408
-
-
Dividends
-
12 593
-
-
income
-
441
-
-
withholding
-
1 889
-
-
total
-
2 330
-
-
Income
15 000
15 000
15 000
15 000
Total tax
15 498
4 738
6 549
6 548
After tax
-498
10 262
8 451
8 452
Living cost
27 674
27 674
27 674
27 674
Free-cash
-28 172
-17 412
-19 223
-19 222

Estimated living cost  is ₴27674 per week

₴20760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
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.
₴4944
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
-₴3127
-₴2003
-₴2783
-₴5759
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
-
-
-
15 000
other
-
-
-
-
health
-
-
-
1 065
income
-
-
-
2 164
pensions
-
-
-
3 000
surtax
-
-
-
-
unemployment
-
-
-
116
total
-
-
-
6 345
Employee
17 149
-
12 392
-
surtax
61
-
-
-
income
2 875
-
2 078
-
other
-
-
-
-
pensions
1 144
-
826
-
health
438
-
316
-
unemployment
1 193
-
862
-
total
5 711
-
4 082
-
Employer
17 149
-
12 392
-
other
-
-
-
-
unemployment
544
-
392
-
health
780
-
563
-
pensions
2 286
-
1 652
-
total
3 610
-
2 607
-
Corporate
-
15 000
-
-
income
-
3 900
-
-
total
-
3 900
-
-
Dividends
-
11 100
-
-
withholding
-
1 665
-
-
total
-
1 665
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 321
5 565
6 689
6 345
After tax
5 679
9 435
8 311
8 655
Living cost
11 438
11 438
11 438
11 438
Free-cash
-5 759
-2 003
-3 127
-2 783

Estimated living cost  is ₴11438 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
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.
₴3273
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
-₴6429
-₴5834
-₴5521
-₴13249
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
-
-
-
15 000
social contributions
-
-
-
3 947
national
-
-
-
2 543
regional
-
-
-
224
municipal
-
-
-
89
total
-
-
-
6 803
Employee
28 248
-
15 000
-
social contributions
9 526
-
5 174
-
municipal
150
-
78
-
national
4 475
-
2 260
-
regional
380
-
199
-
total
14 531
-
7 711
-
Employer
28 248
-
15 000
-
total
-
-
-
-
Corporate
-
15 000
-
-
nationa
-
3 600
-
-
municipal
-
745
-
-
total
-
4 345
-
-
Dividends
-
10 655
-
-
withholding
-
2 771
-
-
total
-
2 771
-
-
Income
15 000
15 000
15 000
15 000
Total tax
14 531
7 116
7 711
6 803
After tax
469
7 884
7 289
8 197
Living cost
13 718
13 718
13 718
13 718
Free-cash
-13 249
-5 834
-6 429
-5 521

Estimated living cost  is ₴13718 per week

₴8531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1390
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.
₴3562
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
-₴7856
-₴5140
-₴8162
-₴15482
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
-
-
-
15 000
social contributions
-
-
-
4 380
health
-
-
-
2 025
income
-
-
-
1 289
solidarity contribution
-
-
-
-
total
-
-
-
7 694
Employee
22 747
-
11 194
-
social contributions
1 479
-
728
-
solidarity contribution
-
-
-
-
income
2 730
-
1 343
-
health
3 071
-
1 511
-
total
7 280
-
3 582
-
Employer
22 747
-
11 194
-
health
2 047
-
1 007
-
social contributions
5 687
-
2 799
-
total
7 734
-
3 806
-
Corporate
-
15 000
-
-
income
-
2 850
-
-
total
-
2 850
-
-
Dividends
-
12 150
-
-
withholding
-
1 822
-
-
total
-
1 822
-
-
Income
15 000
15 000
15 000
15 000
Total tax
15 014
4 672
7 388
7 694
After tax
-14
10 328
7 612
7 306
Living cost
15 468
15 468
15 468
15 468
Free-cash
-15 482
-5 140
-7 856
-8 162

Estimated living cost  is ₴15468 per week

₴11503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
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.
₴2841
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
-₴11430
-₴12743
-₴8352
-₴14151
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
-
-
-
15 000
health
-
-
-
1 147
income
-
-
-
-
chamber of commerce
-
-
-
60
pensions
-
-
-
2 775
surtax
-
-
-
-
unemployment
-
-
-
3 123
total
-
-
-
7 105
Employee
22 260
20 294
20 294
-
income
1 983
1 497
2 000
-
other
222
203
111
-
pensions
2 280
2 078
1 139
-
health
861
786
431
-
unemployment
668
609
333
-
total
6 014
5 173
4 014
-
Employer
22 260
20 294
20 294
-
other
1 057
963
886
-
unemployment
668
609
333
-
health
842
767
420
-
surtax
-
-
-
-
accident
289
264
145
-
pensions
2 794
2 547
1 396
-
payroll
668
609
609
-
chamber of commerce
89
81
81
-
total
6 407
5 840
3 870
-
Corporate
1 933
1 933
9 196
-
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.

483
483
2 299
-
total
483
483
2 299
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
12 904
11 496
10 183
7 105
After tax
2 096
3 504
4 817
7 895
Living cost
16 247
16 247
16 247
16 247
Free-cash
-14 151
-12 743
-11 430
-8 352

Estimated living cost  is ₴16247 per week

₴9746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
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.
₴4552
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
₴5353
₴7603
₴8203
₴6356
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%.

-
-
-
15 000
microenterprise

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

-
-
-
150
total
-
-
-
150
Employee
8 309
-
15 000
-
income
1 662
-
3 000
-
total
1 662
-
3 000
-
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%.

6 691
15 000
-
-
total
-
-
-
-
Dividends
6 691
15 000
-
-
withholding
335
750
-
-
total
335
750
-
-
Income
15 000
15 000
15 000
15 000
Total tax
1 997
750
3 000
150
After tax
13 003
14 250
12 000
14 850
Living cost
6 647
6 647
6 647
6 647
Free-cash
6 356
7 603
5 353
8 203

Estimated living cost  is ₴6647 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
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.
₴1647
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
-₴5425
-₴3332
-₴4950
-₴11026
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.

-
-
-
15 000
health
-
-
-
1 476
income
-
-
-
2 053
pensions
-
-
-
2 740
unemployment
-
-
-
22
total
-
-
-
6 291
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.

22 519
-
12 979
-
income
3 883
-
1 877
-
pensions
3 491
-
2 012
-
health
1 454
-
838
-
unemployment
32
-
18
-
total
8 860
-
4 745
-
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.

22 519
-
12 979
-
unemployment
14
-
8
-
health
1 500
-
864
-
pensions
1 993
-
1 149
-
total
3 507
-
2 021
-
Corporate
-
15 000
-
-
income
-
2 850
-
-
total
-
2 850
-
-
Dividends
-
12 150
-
-
withholding
-
1 823
-
-
total
-
1 823
-
-
Income
15 000
15 000
15 000
15 000
Total tax
12 367
4 673
6 766
6 291
After tax
2 633
10 327
8 234
8 709
Living cost
13 659
13 659
13 659
13 659
Free-cash
-11 026
-3 332
-5 425
-4 950

Estimated living cost  is ₴13659 per week

₴9374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
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.
₴3146
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
-₴15709
-₴13931
-₴12691
-₴64675
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
-
-
-
15 000
social contributions
-
-
-
1 710
income
-
-
-
2 924
total
-
-
-
4 634
Employee
33 060
-
3 217
-
social contributions
2 711
-
386
-
income
7 292
-
623
-
total
10 003
-
1 009
-
Employer
33 060
-
3 217
-
social contributions
46 615
-
6 643
-
total
46 615
-
6 643
-
Corporate
-
15 000
-
-
income
-
3 300
-
-
total
-
3 300
-
-
Dividends
-
11 700
-
-
income
-
2 574
-
-
total
-
2 574
-
-
Income
15 000
15 000
15 000
15 000
Total tax
56 618
5 874
7 652
4 634
After tax
-41 618
9 126
7 348
10 366
Living cost
23 057
23 057
23 057
23 057
Free-cash
-64 675
-13 931
-15 709
-12 691

Estimated living cost  is ₴23057 per week

₴14960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
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.
₴5634
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
-₴7109
-₴7441
-₴7062
-₴13983
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.

-
-
-
15 000
social contributions

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

-
-
-
5 213
income
-
-
-
876
surtax
-
-
-
-
total
-
-
-
6 089
Employee
23 421
-
12 121
-
surtax
-
-
-
-
social contributions
2 576
-
1 334
-
income
4 872
-
1 923
-
total
7 448
-
3 257
-
Employer
23 421
-
12 121
-
social contributions
5 562
-
2 879
-
total
5 562
-
2 879
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
3 150
-
-
total
-
3 150
-
-
Dividends
-
11 850
-
-
withholding
-
3 318
-
-
total
-
3 318
-
-
Income
15 000
15 000
15 000
15 000
Total tax
13 010
6 468
6 136
6 089
After tax
1 990
8 532
8 864
8 911
Living cost
15 973
15 973
15 973
15 973
Free-cash
-13 983
-7 441
-7 109
-7 062

Estimated living cost  is ₴15973 per week

₴11951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
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.
₴2813
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
-₴14818
-₴17036
-₴15331
-₴26856
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
-
-
-
15 000
other
-
-
-
465
social contributions
-
-
-
427
health
-
-
-
136
income
-
-
-
-
pensions
-
-
-
4 707
surtax
-
-
-
-
total
-
-
-
5 735
Employee
31 895
-
11 431
-
surtax
-
-
-
-
social contributions
908
-
326
-
income
2 783
-
34
-
pensions
3 607
-
1 293
-
total
7 298
-
1 653
-
Employer
31 895
-
11 431
-
other
1 101
-
394
-
unemployment
1 292
-
463
-
health
2 232
-
800
-
pensions
5 241
-
1 878
-
social contributions
96
-
34
-
total
9 962
-
3 569
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
10 800
-
-
social contributions
-
1 857
-
-
surtax
-
-
-
-
withholding
-
1 383
-
-
total
-
3 240
-
-
Income
15 000
15 000
15 000
15 000
Total tax
17 260
7 440
5 222
5 735
After tax
-2 260
7 560
9 778
9 265
Living cost
24 596
24 596
24 596
24 596
Free-cash
-26 856
-17 036
-14 818
-15 331

Estimated living cost  is ₴24596 per week

₴16646
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
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.
₴5600
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
-₴3165
-₴1808
-₴3608
-₴3910
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
-
-
-
15 000
income
-
-
-
-
social contributions
-
-
-
3 300
total
-
-
-
3 300
Employee
16 372
-
12 987
-
income
-
-
-
-
social contributions
1 064
-
844
-
total
1 064
-
844
-
Employer
16 372
-
12 987
-
social contributions
2 538
-
2 013
-
total
2 538
-
2 013
-
Corporate
-
15 000
-
-
income
-
1 500
-
-
total
-
1 500
-
-
Dividends
-
13 500
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
3 602
1 500
2 857
3 300
After tax
11 398
13 500
12 143
11 700
Living cost
15 308
15 308
15 308
15 308
Free-cash
-3 910
-1 808
-3 165
-3 608

Estimated living cost  is ₴15308 per week

₴9898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
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.
₴3968
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
-₴95786
-₴95786
-₴13837
-₴95786
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
-
-
-
15 000
labour market
-
-
-
1 165
pensions
-
-
-
441
national
-
-
-
1 044
municipal
-
-
-
1 699
total
-
-
-
4 349
Employee
103 359
103 359
103 359
-
labour market
8 257
8 257
8 257
-
municipal
22 010
22 010
22 010
-
national
12 627
12 627
12 627
-
pensions
147
147
147
-
total
43 041
43 041
43 041
-
Employer
103 359
103 359
103 359
-
national
12 649
12 649
12 649
-
labour market
8 269
8 269
8 269
-
pensions
294
294
294
-
municipal
22 045
22 045
22 045
-
total
43 257
43 257
43 257
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
86 298
86 298
86 298
4 349
After tax
-71 298
-71 298
-71 298
10 651
Living cost
24 488
24 488
24 488
24 488
Free-cash
-95 786
-95 786
-95 786
-13 837

Estimated living cost  is ₴24488 per week

₴16760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
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.
₴5185
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
-₴3175
-₴9882
-₴1693
-₴6014
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
-
-
-
15 000
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
2 030
pensions
-
-
-
2 130
total
-
-
-
5 596
Employee
17 457
-
12 461
-
income
2 395
-
1 709
-
pensions
1 966
-
1 403
-
health
1 999
-
1 427
-
total
6 360
-
4 539
-
Employer
17 457
-
12 461
-
unemployment
428
-
305
-
accident
291
-
208
-
pensions
2 838
-
2 026
-
total
3 557
-
2 539
-
Corporate
-
15 000
-
-
income

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

-
13 500
-
-
total
-
13 500
-
-
Dividends
-
1 500
-
-
withholding
-
285
-
-
total
-
285
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 917
13 785
7 078
5 596
After tax
5 083
1 215
7 922
9 404
Living cost
11 097
11 097
11 097
11 097
Free-cash
-6 014
-9 882
-3 175
-1 693

Estimated living cost  is ₴11097 per week

₴8078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
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.
₴2179
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
-₴10057
-₴9171
-₴7266
-₴16847
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

-
-
-
15 000
health
-
-
-
18
national
-
-
-
-
municipal
-
-
-
2 697
total
-
-
-
2 715
Employee
26 792
-
12 618
-
municipal
4 388
-
2 084
-
national
443
-
-
-
pensions
1 808
-
851
-
health
200
-
-
-
unemployment
402
-
189
-
total
7 241
-
3 124
-
Employer
26 792
-
12 618
-
unemployment
174
-
82
-
health
206
-
98
-
accident
27
-
13
-
pensions
4 648
-
2 189
-
total
5 055
-
2 382
-
Corporate
-
15 000
-
-
income
-
3 000
-
-
total
-
3 000
-
-
Dividends

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

-
9 000
-
-
national
-
-
-
-
municipal
-
1 620
-
-
total
-
1 620
-
-
Income
15 000
15 000
15 000
15 000
Total tax
12 296
4 620
5 506
2 715
After tax
2 704
10 380
9 494
12 285
Living cost
19 551
19 551
19 551
19 551
Free-cash
-16 847
-9 171
-10 057
-7 266

Estimated living cost  is ₴19551 per week

₴12771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
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.
₴4589
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
-₴3926
-₴8306
-₴304
-₴4647
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
-
-
-
19 359
social contributions
-
-
-
3 020
health
-
-
-
494
income
-
-
-
-
total
-
-
-
3 514
Employee
39 158
39 158
39 158
-
social contributions
1 480
3 250
1 131
-
income
4 264
3 625
4 390
-
health
303
666
232
-
total
6 047
7 541
5 753
-
Employer
39 158
39 158
39 158
-
health
330
725
252
-
social contributions
1 480
3 250
1 131
-
total
1 810
3 975
1 383
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
7 857
11 516
7 136
3 514
After tax
7 143
3 484
7 864
11 486
Living cost
11 790
11 790
11 790
11 790
Free-cash
-4 647
-8 306
-3 926
-304

Estimated living cost  is ₴11790 per week

₴7066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
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.
₴3307
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
₴1293
₴4337
₴910
₴1746
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
-
-
-
15 000
health
-
-
-
1 843
income
-
-
-
909
pensions
-
-
-
3 239
unemployment
-
-
-
14
total
-
-
-
6 005
Employee

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

11 689
-
13 600
-
income
799
-
957
-
pensions
1 753
-
2 040
-
health
993
-
1 156
-
unemployment
58
-
68
-
total
3 603
-
4 221
-
Employer

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

11 689
-
13 600
-
unemployment
58
-
68
-
health
503
-
585
-
pensions
643
-
748
-
total
1 204
-
1 401
-
Corporate
2 108
15 000
-
-
income
189
1 350
-
-
total
189
1 350
-
-
Dividends
1 919
13 650
-
-
withholding
173
1 228
-
-
total
173
1 228
-
-
Income
15 000
15 000
15 000
15 000
Total tax
5 169
2 578
5 622
6 005
After tax
9 831
12 422
9 378
8 995
Living cost
8 085
8 085
8 085
8 085
Free-cash
1 746
4 337
1 293
910

Estimated living cost  is ₴8085 per week

₴5159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴583
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.
₴2103
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
-₴7118
-₴3815
-₴5498
-₴9831
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
-
-
-
15 000
other
-
-
-
15
accident
-
-
-
135
income
-
-
-
1 995
pensions
-
-
-
4 245
unemployment
-
-
-
105
total
-
-
-
6 495
Employee
18 830
-
9 579
-
income
3 630
-
1 615
-
other
18
-
17
-
pensions
885
-
799
-
unemployment
292
-
264
-
total
4 825
-
2 695
-
Employer
18 830
-
9 579
-
other
151
-
136
-
unemployment
1 036
-
935
-
accident
373
-
336
-
pensions
4 443
-
4 013
-
total
6 003
-
5 420
-
Corporate
-
15 000
-
-
income

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

-
2 250
-
-
total
-
2 250
-
-
Dividends
-
12 750
-
-
withholding
-
2 562
-
-
total
-
2 562
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 828
4 812
8 115
6 495
After tax
4 172
10 188
6 885
8 505
Living cost
14 003
14 003
14 003
14 003
Free-cash
-9 831
-3 815
-7 118
-5 498

Estimated living cost  is ₴14003 per week

₴9452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1346
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.
₴2960
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
₴8179
₴8413
₴8246
₴8258
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
-
-
-
15 000
health
-
-
-
501
income
-
-
-
4 615
pensions
-
-
-
691
total
-
-
-
5 807
Employee
1 442
-
14 223
-
income
279
-
4 578
-
pensions
130
-
311
-
health
72
-
173
-
unemployment
14
-
35
-
total
495
-
5 097
-
Employer
1 442
-
14 223
-
unemployment
29
-
69
-
health
137
-
328
-
pensions
159
-
380
-
total
325
-
777
-
Corporate
13 234
15 000
-
-
income
2 911
3 300
-
-
total
2 911
3 300
-
-
Dividends
10 322
11 700
-
-
withholding
2 064
2 340
-
-
total
2 064
2 340
-
-
Income
15 000
15 000
15 000
15 000
Total tax
5 795
5 640
5 874
5 807
After tax
9 205
9 360
9 126
9 193
Living cost
947
947
947
947
Free-cash
8 258
8 413
8 179
8 246

Estimated living cost  is ₴947 per week

₴563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
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.
₴286
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
-₴348
₴2014
-₴995
-₴687
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

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.

-
-
-
15 000
health
-
-
-
1 545
income
-
-
-
1 502
pensions
-
-
-
3 900
unemployment
-
-
-
225
total
-
-
-
7 172
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.

13 305
-
12 723
-
income
1 834
-
1 717
-
pensions
1 863
-
1 781
-
health
685
-
655
-
unemployment
100
-
95
-
total
4 482
-
4 248
-
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.

13 305
-
12 723
-
unemployment
100
-
95
-
health
685
-
655
-
pensions
1 597
-
1 527
-
total
2 382
-
2 277
-
Corporate
-
15 000
-
-
income
-
2 250
-
-
total
-
2 250
-
-
Dividends
-
12 750
-
-
withholding
-
1 913
-
-
total
-
1 913
-
-
Income
15 000
15 000
15 000
15 000
Total tax
6 864
4 163
6 525
7 172
After tax
8 136
10 837
8 475
7 828
Living cost
8 823
8 823
8 823
8 823
Free-cash
-687
2 014
-348
-995

Estimated living cost  is ₴8823 per week

₴5941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴1945
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
-₴4865
-₴5197
-₴4818
-₴9459
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.

-
-
-
15 000
social contributions

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

-
-
-
5 213
income
-
-
-
876
surtax
-
-
-
-
total
-
-
-
6 089
Employee
19 765
-
12 121
-
surtax
-
-
-
-
social contributions
2 174
-
1 334
-
income
3 862
-
1 923
-
total
6 036
-
3 257
-
Employer
19 765
-
12 121
-
social contributions
4 694
-
2 879
-
total
4 694
-
2 879
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
3 150
-
-
total
-
3 150
-
-
Dividends
-
11 850
-
-
withholding
-
3 318
-
-
total
-
3 318
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 730
6 468
6 136
6 089
After tax
4 270
8 532
8 864
8 911
Living cost
13 729
13 729
13 729
13 729
Free-cash
-9 459
-5 197
-4 865
-4 818

Estimated living cost  is ₴13729 per week

₴9724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴2808
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
-₴11012
-₴7709
-₴9392
-₴17436
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
-
-
-
15 000
other
-
-
-
15
accident
-
-
-
135
income
-
-
-
1 995
pensions
-
-
-
4 245
unemployment
-
-
-
105
total
-
-
-
6 495
Employee
24 594
-
9 579
-
income
5 137
-
1 615
-
other
24
-
17
-
pensions
1 156
-
799
-
unemployment
381
-
264
-
total
6 698
-
2 695
-
Employer
24 594
-
9 579
-
other
197
-
136
-
unemployment
1 353
-
935
-
accident
487
-
336
-
pensions
5 804
-
4 013
-
total
7 841
-
5 420
-
Corporate
-
15 000
-
-
income

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

-
2 250
-
-
total
-
2 250
-
-
Dividends
-
12 750
-
-
withholding
-
2 562
-
-
total
-
2 562
-
-
Income
15 000
15 000
15 000
15 000
Total tax
14 539
4 812
8 115
6 495
After tax
461
10 188
6 885
8 505
Living cost
17 897
17 897
17 897
17 897
Free-cash
-17 436
-7 709
-11 012
-9 392

Estimated living cost  is ₴17897 per week

₴12853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3401
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
₴754
₴4110
₴30
₴1023
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
-
-
-
15 000
health
-
-
-
1 725
income
-
-
-
2 250
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
total
-
-
-
6 255
Employee
11 539
-
12 539
-
income
1 154
-
1 254
-
accident

We are using the highest rate at 1.1%.

127
-
138
-
pensions

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

1 013
-
1 101
-
health
531
-
577
-
total
2 825
-
3 070
-
Employer
11 539
-
12 539
-
unemployment
69
-
75
-
health
796
-
866
-
accident

We are using the highest rate at 1.1%.

127
-
138
-
pensions

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

1 272
-
1 382
-
total
2 264
-
2 461
-
Corporate
1 197
15 000
-
-
income
119
1 500
-
-
total
119
1 500
-
-
Dividends
1 077
13 500
-
-
withholding
54
675
-
-
total
54
675
-
-
Income
15 000
15 000
15 000
15 000
Total tax
5 262
2 175
5 531
6 255
After tax
9 738
12 825
9 469
8 745
Living cost
8 715
8 715
8 715
8 715
Free-cash
1 023
4 110
754
30

Estimated living cost  is ₴8715 per week

₴5764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
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.
₴2244
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
-₴8608
-₴11818
-₴8608
-₴10338
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.

-
-
-
15 000
health

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

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

-
-
-
3 479
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.

-
-
-
445
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.

-
-
-
24
trade
-
-
-
-
total
-
-
-
3 948
Employee

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

25 338
-
15 000
-
surtax

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

115
-
24
-
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.

2 084
-
445
-
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.

3 479
-
3 479
-
total
5 678
-
3 948
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
chamber of commerce
-
100
-
-
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
-
-
trade
-
2 152
-
-
income
-
2 250
-
-
total
-
4 626
-
-
Dividends
-
10 375
-
-
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.

-
132
-
-
withholding
-
2 400
-
-
total
-
2 532
-
-
Income
15 000
15 000
15 000
15 000
Total tax
5 678
7 158
3 948
3 948
After tax
9 322
7 842
11 052
11 052
Living cost
19 660
19 660
19 660
19 660
Free-cash
-10 338
-11 818
-8 608
-8 608

Estimated living cost  is ₴19660 per week

₴13562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3697
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
-₴15880
-₴18508
-₴15880
-₴24833
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
-
-
-
15 000
income
-
-
-
1 405
social contributions
-
-
-
467
total
-
-
-
1 872
Employee
39 834
-
15 000
-
income
7 516
-
1 405
-
social contributions
3 309
-
467
-
total
10 825
-
1 872
-
Employer
39 834
-
15 000
-
total
-
-
-
-
Corporate
-
15 000
-
-
income
-
1 875
-
-
total
-
1 875
-
-
Dividends
-
13 125
-
-
withholding
-
2 625
-
-
total
-
2 625
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 825
4 500
1 872
1 872
After tax
4 175
10 500
13 128
13 128
Living cost
29 008
29 008
29 008
29 008
Free-cash
-24 833
-18 508
-15 880
-15 880

Estimated living cost  is ₴29008 per week

₴22069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
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.
₴4298
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
-₴6739
-₴10256
-₴21142
-₴12223
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.

-
-
-
15 000
income
-
-
-
14 496
health

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

-
-
-
3 161
total
-
-
-
17 657
Employee
23 361
-
13 634
-
income
2 535
-
521
-
social contributions
2 341
-
1 366
-
total
4 876
-
1 887
-
Employer
23 361
-
13 634
-
social contributions
2 341
-
1 366
-
total
2 341
-
1 366
-
Corporate
-
15 000
-
-
income
-
5 250
-
-
total
-
5 250
-
-
Dividends
-
9 750
-
-
social contributions
1 520
1 520
-
-
total
1 520
1 520
-
-
Income
15 000
15 000
15 000
15 000
Total tax
8 737
6 770
3 253
17 657
After tax
6 263
8 230
11 747
-2 657
Living cost
18 486
18 486
18 486
18 486
Free-cash
-12 223
-10 256
-6 739
-21 142

Estimated living cost  is ₴18486 per week

₴12176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
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.
₴4568
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
-₴8253
-₴7551
-₴7195
-₴13888
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
-
-
-
15 000
income
-
-
-
2 899
pensions
-
-
-
506
total
-
-
-
3 405
Employee
25 792
-
13 789
-
income
4 697
-
2 634
-
health
336
-
90
-
pensions
1 969
-
528
-
total
7 002
-
3 252
-
Employer
25 792
-
13 789
-
health
490
-
262
-
pensions
2 606
-
949
-
total
3 096
-
1 211
-
Corporate
-
15 000
-
-
income

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

-
2 850
-
-
total
-
2 850
-
-
Dividends
-
12 150
-
-
withholding
-
911
-
-
total
-
911
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 098
3 761
4 463
3 405
After tax
4 902
11 239
10 537
11 595
Living cost
18 790
18 790
18 790
18 790
Free-cash
-13 888
-7 551
-8 253
-7 195

Estimated living cost  is ₴18790 per week

₴12890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1728
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.
₴3936
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
-₴4274
-₴10981
-₴2792
-₴8094
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
-
-
-
15 000
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
2 030
pensions
-
-
-
2 130
total
-
-
-
5 596
Employee
19 185
-
12 461
-
income
2 632
-
1 709
-
pensions
2 160
-
1 403
-
health
2 197
-
1 427
-
total
6 989
-
4 539
-
Employer
19 185
-
12 461
-
unemployment
470
-
305
-
accident
320
-
208
-
pensions
3 119
-
2 026
-
total
3 909
-
2 539
-
Corporate
-
15 000
-
-
income

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

-
13 500
-
-
total
-
13 500
-
-
Dividends
-
1 500
-
-
withholding
-
285
-
-
total
-
285
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 898
13 785
7 078
5 596
After tax
4 102
1 215
7 922
9 404
Living cost
12 196
12 196
12 196
12 196
Free-cash
-8 094
-10 981
-4 274
-2 792

Estimated living cost  is ₴12196 per week

₴8950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
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.
₴2289
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
₴2481
₴5856
₴2481
₴3375
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.

-
-
-
15 000
income
-
-
-
1 500
health insurance
-
-
-
1 110
work injury
-
-
-
75
pensions
-
-
-
2 760
unemployment
-
-
-
180
total
-
-
-
5 625
Employee

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

11 030
-
15 000
-
income
1 103
-
1 500
-
work injury
55
-
75
-
health insurance
816
-
1 110
-
pensions
2 030
-
2 760
-
unemployment
132
-
180
-
total
4 136
-
5 625
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 970
15 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
3 970
15 000
-
-
withholding
595
2 250
-
-
total
595
2 250
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 731
2 250
5 625
5 625
After tax
10 269
12 750
9 375
9 375
Living cost
6 894
6 894
6 894
6 894
Free-cash
3 375
5 856
2 481
2 481

Estimated living cost  is ₴6894 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1907
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
-₴12980
-₴12386
-₴12068
-₴27913
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
-
-
-
15 000
social contributions
-
-
-
3 947
national
-
-
-
2 543
regional
-
-
-
191
municipal
-
-
-
100
total
-
-
-
6 781
Employee
42 912
-
15 000
-
social contributions
14 470
-
5 174
-
municipal
256
-
89
-
national
7 252
-
2 260
-
regional
648
-
170
-
total
22 626
-
7 693
-
Employer
42 912
-
15 000
-
total
-
-
-
-
Corporate
-
15 000
-
-
nationa
-
3 600
-
-
municipal
-
723
-
-
total
-
4 323
-
-
Dividends
-
10 677
-
-
withholding
-
2 776
-
-
total
-
2 776
-
-
Income
15 000
15 000
15 000
15 000
Total tax
22 626
7 099
7 693
6 781
After tax
-7 626
7 901
7 307
8 219
Living cost
20 287
20 287
20 287
20 287
Free-cash
-27 913
-12 386
-12 980
-12 068

Estimated living cost  is ₴20287 per week

₴14250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
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.
₴4334
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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