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
-₴1086
-₴1086
-₴1465
-₴5372
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
trade
-
-
-
-
health

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

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

-
-
-
2 941
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.

-
-
-
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.

-
-
-
6
total
-
-
-
3 047
Employee

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

16 465
-
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.

25
-
6
-
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.

460
-
100
-
health

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

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

2 941
-
2 941
-
total
3 426
-
3 047
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
trade
-
2 362
-
-
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.

-
123
-
-
income
-
2 250
-
-
chamber of commerce
-
87
-
-
total
-
4 822
-
-
Dividends
-
10 178
-
-
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.

-
131
-
-
withholding
-
2 380
-
-
total
-
2 511
-
-
Income
15 000
15 000
15 000
15 000
Total tax
3 426
7 333
3 047
3 047
After tax
11 574
7 667
11 953
11 953
Living cost
13 039
13 039
13 039
13 039
Free-cash
-1 465
-5 372
-1 086
-1 086

Estimated living cost  is ₴13039 per week

₴8202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3073
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
-₴11776
-₴11658
-₴21720
-₴12357
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
municipal
-
-
-
1 215
national
-
-
-
1 883
pensions
-
-
-
1 800
total
-
-
-
5 059
Employee
33 665
-
12 967
-
pensions
1 347
-
519
-
national
6 443
-
1 973
-
municipal
4 158
-
1 273
-
total
11 948
-
3 765
-
Employer
33 665
-
12 967
-
pensions
2 693
-
1 037
-
social contributions
362
-
139
-
total
3 055
-
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
15 003
5 640
4 941
5 059
After tax
-3
9 360
10 059
9 941
Living cost
21 717
21 717
21 717
21 717
Free-cash
-21 720
-12 357
-11 658
-11 776

Estimated living cost  is ₴21717 per week

₴14761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
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.
₴4612
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
₴2439
-₴350
-₴609
₴3044
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.

-
-
-
1 355
income
-
-
-
-
microenterprise
-
-
-
2 250
surtax
-
-
-
-
total
-
-
-
3 605
Employee
12 579
-
12 088
-
income
2 239
-
2 152
-
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.

1 384
-
1 330
-
surtax
-
-
-
-
total
3 623
-
3 482
-
Employer
12 579
-
12 088
-
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.

3 030
-
2 912
-
surtax
-
-
-
-
total
3 030
-
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
6 653
3 000
6 394
3 605
After tax
8 347
12 000
8 606
11 395
Living cost
8 956
8 956
8 956
8 956
Free-cash
-609
3 044
-350
2 439

Estimated living cost  is ₴8956 per week

₴5713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2186
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
-₴9386
-₴27746
-₴27746
-₴25330
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
36 761
36 761
36 761
-
income

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

6 017
6 017
6 017
-
pensions
6 617
5 044
6 617
-
health
5 642
4 799
5 642
-
total
18 276
15 860
18 276
-
Employer
36 761
36 761
36 761
-
pensions
2 559
2 559
2 559
-
health
2 555
2 555
2 555
-
unemployment
1 323
1 323
1 323
-
total
6 437
6 437
6 437
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
24 713
22 297
24 713
6 353
After tax
-9 713
-7 297
-9 713
8 647
Living cost
18 033
18 033
18 033
18 033
Free-cash
-27 746
-25 330
-27 746
-9 386

Estimated living cost  is ₴18033 per week

₴12780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
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.
₴3341
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
-₴9032
-₴8499
-₴15916
-₴8319
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
unemployment
-
-
-
15
accident
-
-
-
30
municipal
-
-
-
3 177
health
-
-
-
936
national
-
-
-
-
pensions
-
-
-
1 622
total
-
-
-
7 523
Employee
23 524
-
11 414
-
national
-
-
-
-
municipal
7 015
-
3 404
-
total
7 015
-
3 404
-
Employer
23 524
-
11 414
-
pensions
2 543
-
1 234
-
other
2 734
-
1 326
-
accident
47
-
23
-
health
1 447
-
702
-
unemployment
621
-
301
-
total
7 392
-
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
14 407
6 810
6 990
7 523
After tax
593
8 190
8 010
7 477
Living cost
16 509
16 509
16 509
16 509
Free-cash
-15 916
-8 319
-8 499
-9 032

Estimated living cost  is ₴16509 per week

₴10942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Stockholm model

Close
Hamburg , Germany
-₴4958
-₴4958
-₴6831
-₴9323
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
trade
-
-
-
-
health

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

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

-
-
-
2 941
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.

-
-
-
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.

-
-
-
6
total
-
-
-
3 047
Employee

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

21 830
-
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.

103
-
6
-
income

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

1 876
-
100
-
health

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

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

2 941
-
2 941
-
total
4 920
-
3 047
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
trade
-
2 468
-
-
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.

-
123
-
-
income
-
2 250
-
-
chamber of commerce
-
87
-
-
total
-
4 928
-
-
Dividends
-
10 072
-
-
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.

-
130
-
-
withholding
-
2 354
-
-
total
-
2 484
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 920
7 412
3 047
3 047
After tax
10 080
7 588
11 953
11 953
Living cost
16 911
16 911
16 911
16 911
Free-cash
-6 831
-9 323
-4 958
-4 958

Estimated living cost  is ₴16911 per week

₴11310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1783
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.
₴3565
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
-₴1932
-₴5355
-₴6342
-₴8696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 365
social contributions
-
-
-
2 553
health
-
-
-
417
income
-
-
-
-
total
-
-
-
2 970
Employee
33 101
33 101
33 101
-
income
3 476
3 064
3 648
-
social contributions
1 608
2 747
1 131
-
health
329
563
231
-
total
5 413
6 374
5 010
-
Employer
33 101
33 101
33 101
-
health
359
613
252
-
social contributions
1 608
2 747
1 131
-
total
1 967
3 360
1 383
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
7 380
9 734
6 393
2 970
After tax
7 620
5 266
8 607
12 030
Living cost
13 962
13 962
13 962
13 962
Free-cash
-6 342
-8 696
-5 355
-1 932

Estimated living cost  is ₴13962 per week

₴9545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3093
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
₴2516
₴820
₴843
₴680
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
unemployment
-
-
-
225
health
-
-
-
1 050
income
-
-
-
1 834
pensions
-
-
-
1 500
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.

11 368
4 524
12 552
-
income
1 390
553
1 535
-
pensions
1 137
452
1 255
-
unemployment
171
68
188
-
health
796
317
879
-
total
3 494
1 390
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.

11 368
4 524
12 552
-
pensions
2 217
882
2 448
-
total
2 217
882
2 448
-
Corporate
1 415
9 593
-
-
income
127
863
-
-
total
127
863
-
-
Dividends
1 288
8 730
-
-
social contributions
199
1 651
-
-
withholding
245
1 659
-
-
total
444
3 310
-
-
Income
15 000
15 000
15 000
15 000
Total tax
6 282
6 445
6 305
4 609
After tax
8 718
8 555
8 695
10 391
Living cost
7 875
7 875
7 875
7 875
Free-cash
843
680
820
2 516

Estimated living cost  is ₴7875 per week

₴5374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴157
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.
₴1699
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
-₴1378
-₴772
-₴1340
₴1602
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
-
-
-
1 030
pensions
-
-
-
3 000
total
-
-
-
5 980
Employee
12 212
-
11 210
-
income
1 375
-
1 181
-
pensions
244
-
224
-
unemployment
195
-
180
-
total
1 814
-
1 585
-
Employer
12 212
-
11 210
-
pensions
2 443
-
2 242
-
health
1 587
-
1 457
-
unemployment
98
-
90
-
total
4 128
-
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
5 942
3 000
5 374
5 980
After tax
9 058
12 000
9 626
9 020
Living cost
10 398
10 398
10 398
10 398
Free-cash
-1 340
1 602
-772
-1 378

Estimated living cost  is ₴10398 per week

₴7132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2438
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
₴433
-₴1524
-₴2886
-₴8231
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
-
-
-
159
accident
-
-
-
108
health
-
-
-
936
income
-
-
-
2 132
pensions
-
-
-
1 786
total
-
-
-
5 121
Employee
14 858
-
12 460
-
income
2 038
-
1 709
-
pensions
1 673
-
1 403
-
health
1 701
-
1 427
-
total
5 412
-
4 539
-
Employer
14 858
-
12 460
-
pensions
2 416
-
2 026
-
accident
248
-
208
-
unemployment
364
-
305
-
total
3 028
-
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
8 440
13 785
7 078
5 121
After tax
6 560
1 215
7 922
9 879
Living cost
9 446
9 446
9 446
9 446
Free-cash
-2 886
-8 231
-1 524
433

Estimated living cost  is ₴9446 per week

₴6923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1803
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
₴10984
₴8134
₴9660
₴10384
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
4 833
-
15 000
-
income
966
-
3 000
-
total
966
-
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%.

10 167
15 000
-
-
total
-
-
-
-
Dividends
10 167
15 000
-
-
withholding
508
750
-
-
total
508
750
-
-
Income
15 000
15 000
15 000
15 000
Total tax
1 474
750
3 000
150
After tax
13 526
14 250
12 000
14 850
Living cost
3 866
3 866
3 866
3 866
Free-cash
9 660
10 384
8 134
10 984

Estimated living cost  is ₴3866 per week

₴2396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
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.
₴1043
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
-₴3347
-₴2679
-₴4569
-₴449
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
-
-
-
1 905
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
-
-
-
6 877
Employee
15 630
-
11 981
-
income
2 691
-
2 063
-
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.

1 094
-
839
-
unemployment
156
-
120
-
health
219
-
167
-
total
4 160
-
3 189
-
Employer
15 630
-
11 981
-
pensions

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

2 657
-
2 037
-
other
782
-
600
-
accident
125
-
96
-
health
219
-
167
-
unemployment
156
-
120
-
total
3 939
-
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
8 099
3 979
6 209
6 877
After tax
6 901
11 021
8 791
8 123
Living cost
11 470
11 470
11 470
11 470
Free-cash
-4 569
-449
-2 679
-3 347

Estimated living cost  is ₴11470 per week

₴8105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴185
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.
₴2407
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
-₴17536
-₴18730
-₴31712
-₴17797
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
-
-
-
2 875
pensions
-
-
-
625
total
-
-
-
3 500
Employee
41 082
-
13 672
-
income
7 405
-
2 577
-
pensions
3 963
-
674
-
health
677
-
115
-
total
12 045
-
3 366
-
Employer
41 082
-
13 672
-
pensions
4 851
-
1 068
-
health
780
-
260
-
total
5 631
-
1 328
-
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
17 676
3 761
4 694
3 500
After tax
-2 676
11 239
10 306
11 500
Living cost
29 036
29 036
29 036
29 036
Free-cash
-31 712
-17 797
-18 730
-17 536

Estimated living cost  is ₴29036 per week

₴21757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
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.
₴3631
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
₴3104
₴3829
₴5184
₴7184
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
unemployment
-
-
-
60
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
total
-
-
-
6 255
Employee
7 469
-
12 540
-
income
747
-
1 254
-
pensions

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

656
-
1 101
-
health
344
-
577
-
accident

We are using the highest rate at 1.1%.

82
-
138
-
total
1 829
-
3 070
-
Employer
7 469
-
12 540
-
pensions

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

823
-
1 382
-
accident

We are using the highest rate at 1.1%.

82
-
138
-
health
516
-
865
-
unemployment
45
-
75
-
total
1 466
-
2 460
-
Corporate
6 065
15 000
-
-
income
607
1 500
-
-
total
607
1 500
-
-
Dividends
5 458
13 500
-
-
withholding
273
675
-
-
total
273
675
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 175
2 175
5 530
6 255
After tax
10 825
12 825
9 470
8 745
Living cost
5 641
5 641
5 641
5 641
Free-cash
5 184
7 184
3 829
3 104

Estimated living cost  is ₴5641 per week

₴3293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴15223
-₴33583
-₴31897
-₴31167
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
39 910
36 761
36 761
-
income

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

6 017
6 017
6 017
-
pensions
5 044
5 044
6 617
-
health
4 979
4 799
5 642
-
total
16 040
15 860
18 276
-
Employer
39 910
36 761
36 761
-
pensions
2 777
2 559
2 559
-
health
2 773
2 555
2 555
-
unemployment
1 437
1 323
1 323
-
total
6 987
6 437
6 437
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
23 027
22 297
24 713
6 353
After tax
-8 027
-7 297
-9 713
8 647
Living cost
23 870
23 870
23 870
23 870
Free-cash
-31 897
-31 167
-33 583
-15 223

Estimated living cost  is ₴23870 per week

₴17608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
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.
₴3857
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
-₴3035
-₴2729
-₴5378
-₴13
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
15 207
-
11 194
-
income
1 825
-
1 343
-
solidarity contribution
-
-
-
-
social contributions
988
-
728
-
health
2 053
-
1 511
-
total
4 866
-
3 582
-
Employer
15 207
-
11 194
-
health
1 369
-
1 007
-
social contributions
3 802
-
2 799
-
total
5 171
-
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
10 037
4 672
7 388
7 694
After tax
4 963
10 328
7 612
7 306
Living cost
10 341
10 341
10 341
10 341
Free-cash
-5 378
-13
-2 729
-3 035

Estimated living cost  is ₴10341 per week

₴7183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2219
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
-₴9811
-₴10711
-₴23258
-₴10161
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
-
-
-
3 858
municipal
-
-
-
89
national
-
-
-
2 563
regional
-
-
-
137
total
-
-
-
6 647
Employee
38 258
-
15 000
-
national
6 629
-
2 287
-
social contributions
12 901
-
5 058
-
municipal
203
-
79
-
regional
361
-
123
-
total
20 094
-
7 547
-
Employer
38 258
-
15 000
-
total
-
-
-
-
Corporate
-
15 000
-
-
nationa
-
3 600
-
-
municipal
-
585
-
-
total
-
4 185
-
-
Dividends
-
10 815
-
-
withholding
-
2 812
-
-
total
-
2 812
-
-
Income
15 000
15 000
15 000
15 000
Total tax
20 094
6 997
7 547
6 647
After tax
-5 094
8 003
7 453
8 353
Living cost
18 164
18 164
18 164
18 164
Free-cash
-23 258
-10 161
-10 711
-9 811

Estimated living cost  is ₴18164 per week

₴12662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
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.
₴4032
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
-₴851
-₴1204
-₴2233
-₴64
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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 064
income
-
-
-
2 167
surtax
-
-
-
23
pensions
-
-
-
3 000
total
-
-
-
6 352
Employee
14 236
-
12 392
-
income
2 386
-
2 077
-
pensions
949
-
827
-
unemployment
991
-
863
-
health
364
-
316
-
other
-
-
-
-
surtax
47
-
13
-
total
4 737
-
4 096
-
Employer
14 236
-
12 392
-
pensions
1 898
-
1 652
-
other
-
-
-
-
health
648
-
564
-
unemployment
451
-
393
-
total
2 997
-
2 609
-
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
7 734
5 565
6 705
6 352
After tax
7 266
9 435
8 295
8 648
Living cost
9 499
9 499
9 499
9 499
Free-cash
-2 233
-64
-1 204
-851

Estimated living cost  is ₴9499 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2595
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
-₴8337
-₴9531
-₴16036
-₴8598
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
-
-
-
2 875
pensions
-
-
-
625
total
-
-
-
3 500
Employee
27 532
-
13 672
-
income
4 959
-
2 577
-
pensions
2 337
-
674
-
health
400
-
115
-
total
7 696
-
3 366
-
Employer
27 532
-
13 672
-
pensions
2 980
-
1 068
-
health
523
-
260
-
total
3 503
-
1 328
-
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
11 199
3 761
4 694
3 500
After tax
3 801
11 239
10 306
11 500
Living cost
19 837
19 837
19 837
19 837
Free-cash
-16 036
-8 598
-9 531
-8 337

Estimated living cost  is ₴19837 per week

₴14862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3281
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
-₴19683
-₴20884
-₴26712
-₴25684
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
-
-
-
106
city
-
-
-
157
national
-
-
-
8
regional
-
-
-
189
pensions
-
-
-
1 380
total
-
-
-
2 140
Employee
38 083
-
13 192
-
pensions
3 200
-
1 368
-
national
180
-
-
-
unemployment
-
-
-
-
city
409
-
139
-
health
86
-
30
-
regional
1 247
-
142
-
total
5 122
-
1 679
-
Employer
38 083
-
13 192
-
pensions
3 200
-
1 368
-
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.

761
-
264
-
health
86
-
30
-
unemployment
-
-
-
-
total
4 047
-
1 662
-
Corporate
-
15 000
-
-
regional
-
3 173
-
-
national
-
1 275
-
-
total
-
4 448
-
-
Dividends
-
10 553
-
-
withholding
-
3 693
-
-
total
-
3 693
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 169
8 141
3 341
2 140
After tax
5 831
6 859
11 659
12 860
Living cost
32 543
32 543
32 543
32 543
Free-cash
-26 712
-25 684
-20 884
-19 683

Estimated living cost  is ₴32543 per week

₴21162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴400
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.
₴8061
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
-₴7767
-₴7767
-₴10870
-₴12208
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
trade
-
-
-
-
health

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

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

-
-
-
2 941
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.

-
-
-
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.

-
-
-
6
total
-
-
-
3 047
Employee

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

25 871
-
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.

167
-
6
-
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.

3 042
-
100
-
health

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

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

2 941
-
2 941
-
total
6 150
-
3 047
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
trade
-
2 572
-
-
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.

-
123
-
-
income
-
2 250
-
-
chamber of commerce
-
87
-
-
total
-
5 032
-
-
Dividends
-
9 968
-
-
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
-
2 328
-
-
total
-
2 456
-
-
Income
15 000
15 000
15 000
15 000
Total tax
6 150
7 488
3 047
3 047
After tax
8 850
7 512
11 953
11 953
Living cost
19 720
19 720
19 720
19 720
Free-cash
-10 870
-12 208
-7 767
-7 767

Estimated living cost  is ₴19720 per week

₴14403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3484
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
-₴5520
-₴5157
-₴9178
-₴7168
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
-
-
-
131
income
-
-
-
186
surtax
-
-
-
-
pensions
-
-
-
4 583
total
-
-
-
5 792
Employee
18 424
-
11 430
-
income
1 087
-
242
-
pensions
2 083
-
1 292
-
social contributions
525
-
326
-
surtax
-
-
-
-
total
3 695
-
1 860
-
Employer
18 424
-
11 430
-
pensions
3 027
-
1 877
-
other
636
-
395
-
health
1 290
-
800
-
unemployment
746
-
463
-
social contributions
56
-
34
-
total
5 755
-
3 569
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
10 800
-
-
surtax
-
-
-
-
social contributions
-
1 858
-
-
withholding
-
1 382
-
-
total
-
3 240
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 450
7 440
5 429
5 792
After tax
5 550
7 560
9 571
9 208
Living cost
14 728
14 728
14 728
14 728
Free-cash
-9 178
-7 168
-5 157
-5 520

Estimated living cost  is ₴14728 per week

₴9287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1198
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3994
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
-₴4061
-₴3698
-₴6582
-₴5709
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
-
-
-
131
income
-
-
-
186
surtax
-
-
-
-
pensions
-
-
-
4 583
total
-
-
-
5 792
Employee
16 446
-
11 430
-
income
848
-
242
-
pensions
1 860
-
1 292
-
social contributions
469
-
326
-
surtax
-
-
-
-
total
3 177
-
1 860
-
Employer
16 446
-
11 430
-
pensions
2 702
-
1 877
-
other
568
-
395
-
health
1 151
-
800
-
unemployment
666
-
463
-
social contributions
49
-
34
-
total
5 136
-
3 569
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
10 800
-
-
surtax
-
-
-
-
social contributions
-
1 858
-
-
withholding
-
1 382
-
-
total
-
3 240
-
-
Income
15 000
15 000
15 000
15 000
Total tax
8 313
7 440
5 429
5 792
After tax
6 687
7 560
9 571
9 208
Living cost
13 269
13 269
13 269
13 269
Free-cash
-6 582
-5 709
-3 698
-4 061

Estimated living cost  is ₴13269 per week

₴7695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1348
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.
₴3974
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
₴505
₴227
-₴803
₴23
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
14 596
-
15 000
-
income
2 434
-
2 528
-
social contributions
2 014
-
2 070
-
health
1 019
-
1 047
-
total
5 467
-
5 645
-
Employer
14 596
-
15 000
-
total
-
-
-
-
Corporate
404
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%.

20
750
-
-
total
20
750
-
-
Dividends
384
14 250
-
-
social contributions
751
1 966
-
-
health
380
995
-
-
withholding
57
2 138
-
-
total
1 188
5 099
-
-
Income
15 000
15 000
15 000
15 000
Total tax
6 675
5 849
5 645
5 367
After tax
8 325
9 151
9 355
9 633
Living cost
9 128
9 128
9 128
9 128
Free-cash
-803
23
227
505

Estimated living cost  is ₴9128 per week

₴6109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
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
-₴6876
-₴9936
-₴13195
-₴9971
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
chamber of commerce
-
-
-
60
unemployment
-
-
-
2 640
health
-
-
-
1 148
income
-
-
-
-
surtax
-
-
-
85
pensions
-
-
-
2 775
total
-
-
-
6 708
Employee
21 513
17 155
17 155
-
income
2 449
1 265
1 574
-
pensions
2 203
1 756
1 152
-
unemployment
645
515
337
-
health
832
664
435
-
other
215
172
113
-
total
6 344
4 372
3 611
-
Employer
21 513
17 155
17 155
-
pensions
2 700
2 153
1 412
-
other
1 022
814
765
-
accident
279
223
146
-
health
813
649
425
-
payroll
645
515
515
-
chamber of commerce
86
69
69
-
unemployment
645
515
337
-
surtax
85
85
85
-
total
6 275
5 023
3 754
-
Corporate
1 634
1 634
9 613
-
income

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

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

408
408
2 403
-
total
408
408
2 403
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
13 027
9 803
9 768
6 708
After tax
1 973
5 197
5 232
8 292
Living cost
15 168
15 168
15 168
15 168
Free-cash
-13 195
-9 971
-9 936
-6 876

Estimated living cost  is ₴15168 per week

₴10117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3509
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
-₴6418
-₴8728
-₴24755
-₴7181
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
-
-
-
825
communal

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

-
-
-
850
national
-
-
-
4 047
total
-
-
-
5 722
Employee

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

30 792
-
11 619
-
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.

2 309
-
872
-
national
9 467
-
2 525
-
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.

268
-
101
-
communal

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

1 606
-
606
-
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.

1 447
-
547
-
total
15 097
-
4 651
-
Employer

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

30 792
-
11 619
-
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.

2 728
-
1 029
-
accident

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

400
-
151
-
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.

1 894
-
714
-
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.

449
-
170
-
surtax
3 491
-
1 317
-
total
8 962
-
3 381
-
Corporate
-
15 000
-
-
surtax
-
60
-
-
income
-
3 000
-
-
total
-
3 060
-
-
Dividends
-
11 941
-
-
withholding

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

-
3 425
-
-
total
-
3 425
-
-
Income
15 000
15 000
15 000
15 000
Total tax
24 059
6 485
8 032
5 722
After tax
-9 059
8 515
6 968
9 278
Living cost
15 696
15 696
15 696
15 696
Free-cash
-24 755
-7 181
-8 728
-6 418

Estimated living cost  is ₴15696 per week

₴10110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
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.
₴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

Source of data for Brussels model

Close
Barcelona , Spain
-₴7058
-₴7848
-₴13258
-₴5376
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
unemployment
-
-
-
105
accident
-
-
-
135
income
-
-
-
2 012
pensions
-
-
-
4 245
total
-
-
-
6 512
Employee
21 428
-
10 417
-
income
4 521
-
1 805
-
pensions
1 007
-
676
-
unemployment
332
-
223
-
other
21
-
15
-
total
5 881
-
2 719
-
Employer
21 428
-
10 417
-
pensions
5 057
-
3 393
-
other
171
-
115
-
accident
424
-
284
-
unemployment
1 179
-
791
-
total
6 831
-
4 583
-
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
-
2 580
-
-
total
-
2 580
-
-
Income
15 000
15 000
15 000
15 000
Total tax
12 712
4 830
7 302
6 512
After tax
2 288
10 170
7 698
8 488
Living cost
15 546
15 546
15 546
15 546
Free-cash
-13 258
-5 376
-7 848
-7 058

Estimated living cost  is ₴15546 per week

₴11448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2771
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
-₴14156
-₴14158
-₴21495
-₴13956
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
accident
-
-
-
185
health
-
-
-
1 536
income
-
-
-
64
communal
-
-
-
-
surtax
-
-
-
700
pensions
-
-
-
3 277
total
-
-
-
5 762
Employee
32 599
-
12 552
-
income
3 149
-
64
-
pensions
2 608
-
1 639
-
health
1 451
-
912
-
surtax
1 998
-
700
-
total
9 206
-
3 315
-
Employer
32 599
-
12 552
-
pensions
2 608
-
1 639
-
accident
293
-
185
-
health
994
-
625
-
total
3 895
-
2 449
-
Corporate
-
15 000
-
-
communal
-
1 012
-
-
surtax
-
158
-
-
income
-
2 250
-
-
total
-
3 420
-
-
Dividends
-
11 580
-
-
withholding
-
1 737
-
-
income
-
405
-
-
total
-
2 142
-
-
Income
15 000
15 000
15 000
15 000
Total tax
13 101
5 562
5 764
5 762
After tax
1 899
9 438
9 236
9 238
Living cost
23 394
23 394
23 394
23 394
Free-cash
-21 495
-13 956
-14 158
-14 156

Estimated living cost  is ₴23394 per week

₴17549
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.
₴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.
₴4179
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
-₴1021
-₴1374
-₴2548
-₴234
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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 064
income
-
-
-
2 167
surtax
-
-
-
23
pensions
-
-
-
3 000
total
-
-
-
6 352
Employee
14 497
-
12 392
-
income
2 430
-
2 077
-
pensions
967
-
827
-
unemployment
1 009
-
863
-
health
370
-
316
-
other
-
-
-
-
surtax
51
-
13
-
total
4 827
-
4 096
-
Employer
14 497
-
12 392
-
pensions
1 933
-
1 652
-
other
-
-
-
-
health
659
-
564
-
unemployment
460
-
393
-
total
3 052
-
2 609
-
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
7 879
5 565
6 705
6 352
After tax
7 121
9 435
8 295
8 648
Living cost
9 669
9 669
9 669
9 669
Free-cash
-2 548
-234
-1 374
-1 021

Estimated living cost  is ₴9669 per week

₴5838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2767
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
-₴3332
-₴4222
-₴8879
-₴3712
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
-
-
-
3 858
municipal
-
-
-
89
national
-
-
-
2 563
regional
-
-
-
226
total
-
-
-
6 736
Employee
23 879
-
15 000
-
national
3 783
-
2 287
-
social contributions
8 052
-
5 058
-
municipal
127
-
79
-
regional
321
-
202
-
total
12 283
-
7 626
-
Employer
23 879
-
15 000
-
total
-
-
-
-
Corporate
-
15 000
-
-
nationa
-
3 600
-
-
municipal
-
746
-
-
total
-
4 346
-
-
Dividends
-
10 654
-
-
withholding
-
2 770
-
-
total
-
2 770
-
-
Income
15 000
15 000
15 000
15 000
Total tax
12 283
7 116
7 626
6 736
After tax
2 717
7 884
7 374
8 264
Living cost
11 596
11 596
11 596
11 596
Free-cash
-8 879
-3 712
-4 222
-3 332

Estimated living cost  is ₴11596 per week

₴7212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3011
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
-₴5437
-₴5131
-₴10112
-₴2415
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
18 740
-
11 194
-
income
2 249
-
1 343
-
solidarity contribution
-
-
-
-
social contributions
1 218
-
728
-
health
2 530
-
1 511
-
total
5 997
-
3 582
-
Employer
18 740
-
11 194
-
health
1 687
-
1 007
-
social contributions
4 685
-
2 799
-
total
6 372
-
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
12 369
4 672
7 388
7 694
After tax
2 631
10 328
7 612
7 306
Living cost
12 743
12 743
12 743
12 743
Free-cash
-10 112
-2 415
-5 131
-5 437

Estimated living cost  is ₴12743 per week

₴9476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2340
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
-₴5357
-₴8458
-₴9640
-₴8452
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
chamber of commerce
-
-
-
60
unemployment
-
-
-
2 640
health
-
-
-
1 148
income
-
-
-
-
surtax
-
-
-
-
pensions
-
-
-
2 775
total
-
-
-
6 623
Employee
18 817
17 155
17 155
-
income
1 676
1 265
1 570
-
pensions
1 927
1 756
1 158
-
unemployment
564
515
340
-
health
728
664
438
-
other
188
172
114
-
total
5 083
4 372
3 620
-
Employer
18 817
17 155
17 155
-
pensions
2 362
2 153
1 420
-
other
894
814
765
-
accident
244
223
147
-
health
712
649
428
-
payroll
564
515
515
-
chamber of commerce
75
69
69
-
unemployment
564
515
340
-
surtax
-
-
-
-
total
5 415
4 938
3 684
-
Corporate
1 634
1 634
9 683
-
income

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

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

408
408
2 420
-
total
408
408
2 420
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 906
9 718
9 724
6 623
After tax
4 094
5 282
5 276
8 377
Living cost
13 734
13 734
13 734
13 734
Free-cash
-9 640
-8 452
-8 458
-5 357

Estimated living cost  is ₴13734 per week

₴8239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴3848
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
₴8825
₴5975
₴7096
₴8225
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
7 532
-
15 000
-
income
1 506
-
3 000
-
total
1 506
-
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%.

7 468
15 000
-
-
total
-
-
-
-
Dividends
7 468
15 000
-
-
withholding
373
750
-
-
total
373
750
-
-
Income
15 000
15 000
15 000
15 000
Total tax
1 879
750
3 000
150
After tax
13 121
14 250
12 000
14 850
Living cost
6 025
6 025
6 025
6 025
Free-cash
7 096
8 225
5 975
8 825

Estimated living cost  is ₴6025 per week

₴4077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1493
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
-₴2969
-₴3444
-₴6999
-₴1219
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
unemployment
-
-
-
23
health
-
-
-
1 476
income
-
-
-
2 185
pensions
-
-
-
2 739
total
-
-
-
6 423
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.

19 036
-
12 979
-
income
3 283
-
2 009
-
pensions
2 951
-
2 012
-
unemployment
27
-
18
-
health
1 229
-
838
-
total
7 490
-
4 877
-
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.

19 036
-
12 979
-
pensions
1 684
-
1 149
-
health
1 268
-
864
-
unemployment
11
-
8
-
total
2 963
-
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
10 453
4 673
6 898
6 423
After tax
4 547
10 327
8 102
8 577
Living cost
11 546
11 546
11 546
11 546
Free-cash
-6 999
-1 219
-3 444
-2 969

Estimated living cost  is ₴11546 per week

₴7924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2659
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
-₴8141
-₴9382
-₴48953
-₴9381
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
26 537
-
1 369
-
income
5 853
-
233
-
social contributions
2 176
-
310
-
total
8 029
-
543
-
Employer
26 537
-
1 369
-
social contributions
37 417
-
5 332
-
total
37 417
-
5 332
-
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
45 446
5 874
5 875
4 634
After tax
-30 446
9 126
9 125
10 366
Living cost
18 507
18 507
18 507
18 507
Free-cash
-48 953
-9 381
-9 382
-8 141

Estimated living cost  is ₴18507 per week

₴12008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
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.
₴4522
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
-₴4612
-₴4816
-₴9501
-₴4971
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
-
-
-
896
surtax
-
-
-
-
total
-
-
-
6 109
Employee
19 798
-
12 121
-
income
4 118
-
2 101
-
social contributions
2 178
-
1 333
-
surtax
-
-
-
-
total
6 296
-
3 434
-
Employer
19 798
-
12 121
-
social contributions
4 702
-
2 879
-
total
4 702
-
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
10 998
6 468
6 313
6 109
After tax
4 002
8 532
8 687
8 891
Living cost
13 503
13 503
13 503
13 503
Free-cash
-9 501
-4 971
-4 816
-4 612

Estimated living cost  is ₴13503 per week

₴10103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴796
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2378
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
-₴11583
-₴11220
-₴20381
-₴13231
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
-
-
-
131
income
-
-
-
186
surtax
-
-
-
-
pensions
-
-
-
4 583
total
-
-
-
5 792
Employee
26 961
-
11 430
-
income
2 352
-
242
-
pensions
3 050
-
1 292
-
social contributions
768
-
326
-
surtax
-
-
-
-
total
6 170
-
1 860
-
Employer
26 961
-
11 430
-
pensions
4 430
-
1 877
-
other
930
-
395
-
health
1 887
-
800
-
unemployment
1 092
-
463
-
social contributions
81
-
34
-
total
8 420
-
3 569
-
Corporate
-
15 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
10 800
-
-
surtax
-
-
-
-
social contributions
-
1 858
-
-
withholding
-
1 382
-
-
total
-
3 240
-
-
Income
15 000
15 000
15 000
15 000
Total tax
14 590
7 440
5 429
5 792
After tax
410
7 560
9 571
9 208
Living cost
20 791
20 791
20 791
20 791
Free-cash
-20 381
-13 231
-11 220
-11 583

Estimated living cost  is ₴20791 per week

₴14071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
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.
₴4734
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
-₴1239
-₴797
-₴984
₴560
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
-
-
-
3 299
income
-
-
-
-
total
-
-
-
3 299
Employee
13 839
-
12 987
-
social contributions
899
-
844
-
income
-
-
-
-
total
899
-
844
-
Employer
13 839
-
12 987
-
social contributions
2 145
-
2 013
-
total
2 145
-
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
3 044
1 500
2 857
3 299
After tax
11 956
13 500
12 143
11 701
Living cost
12 940
12 940
12 940
12 940
Free-cash
-984
560
-797
-1 239

Estimated living cost  is ₴12940 per week

₴8367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3354
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
-₴10373
-₴78810
-₴78810
-₴78810
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
municipal
-
-
-
1 931
national
-
-
-
1 163
labour market
-
-
-
1 170
pensions
-
-
-
373
total
-
-
-
4 637
Employee
87 522
87 522
87 522
-
labour market
6 992
6 992
6 992
-
pensions
124
124
124
-
national
10 692
10 692
10 692
-
municipal
18 637
18 637
18 637
-
total
36 445
36 445
36 445
-
Employer
87 522
87 522
87 522
-
pensions
249
249
249
-
municipal
18 667
18 667
18 667
-
national
10 711
10 711
10 711
-
labour market
7 002
7 002
7 002
-
total
36 629
36 629
36 629
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
73 074
73 074
73 074
4 637
After tax
-58 074
-58 074
-58 074
10 363
Living cost
20 736
20 736
20 736
20 736
Free-cash
-78 810
-78 810
-78 810
-10 373

Estimated living cost  is ₴20736 per week

₴14192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
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.
₴4391
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
₴573
-₴1384
-₴2621
-₴8091
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
-
-
-
159
accident
-
-
-
108
health
-
-
-
936
income
-
-
-
2 132
pensions
-
-
-
1 786
total
-
-
-
5 121
Employee
14 639
-
12 460
-
income
2 008
-
1 709
-
pensions
1 648
-
1 403
-
health
1 676
-
1 427
-
total
5 332
-
4 539
-
Employer
14 639
-
12 460
-
pensions
2 380
-
2 026
-
accident
244
-
208
-
unemployment
359
-
305
-
total
2 983
-
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
8 315
13 785
7 078
5 121
After tax
6 685
1 215
7 922
9 879
Living cost
9 306
9 306
9 306
9 306
Free-cash
-2 621
-8 091
-1 384
573

Estimated living cost  is ₴9306 per week

₴6774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1827
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
-₴4303
-₴7045
-₴11921
-₴6147
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
municipal
-
-
-
2 691
health
-
-
-
51
national
-
-
-
34
total
-
-
-
2 776
Employee
22 648
-
12 620
-
pensions
1 528
-
852
-
national
374
-
-
-
municipal
3 710
-
2 081
-
unemployment
340
-
190
-
health
169
-
15
-
total
6 121
-
3 138
-
Employer
22 648
-
12 620
-
pensions
3 929
-
2 189
-
accident
23
-
12
-
health
174
-
97
-
unemployment
147
-
82
-
total
4 273
-
2 380
-
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
-
-
municipal
-
1 620
-
-
national
-
-
-
-
total
-
1 620
-
-
Income
15 000
15 000
15 000
15 000
Total tax
10 394
4 620
5 518
2 776
After tax
4 606
10 380
9 482
12 224
Living cost
16 527
16 527
16 527
16 527
Free-cash
-11 921
-6 147
-7 045
-4 303

Estimated living cost  is ₴16527 per week

₴10795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1590
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3879
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
₴2063
-₴1360
-₴1611
-₴4701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 365
social contributions
-
-
-
2 553
health
-
-
-
417
income
-
-
-
-
total
-
-
-
2 970
Employee
33 101
33 101
33 101
-
income
3 604
3 064
3 648
-
social contributions
1 252
2 747
1 131
-
health
257
563
231
-
total
5 113
6 374
5 010
-
Employer
33 101
33 101
33 101
-
health
279
613
252
-
social contributions
1 252
2 747
1 131
-
total
1 531
3 360
1 383
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 000
15 000
15 000
15 000
Total tax
6 644
9 734
6 393
2 970
After tax
8 356
5 266
8 607
12 030
Living cost
9 967
9 967
9 967
9 967
Free-cash
-1 611
-4 701
-1 360
2 063

Estimated living cost  is ₴9967 per week

₴5973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
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
₴2833
₴2516
₴3396
₴5586
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
unemployment
-
-
-
12
health
-
-
-
1 558
income
-
-
-
1 024
pensions
-
-
-
2 738
total
-
-
-
5 332
Employee

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

9 881
-
13 599
-
income
676
-
984
-
pensions
1 482
-
2 040
-
unemployment
49
-
68
-
health
840
-
1 156
-
total
3 047
-
4 248
-
Employer

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

9 881
-
13 599
-
pensions
543
-
748
-
health
425
-
585
-
unemployment
49
-
68
-
total
1 017
-
1 401
-
Corporate
4 102
15 000
-
-
income
369
1 350
-
-
total
369
1 350
-
-
Dividends
3 733
13 650
-
-
withholding
336
1 229
-
-
total
336
1 229
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 769
2 579
5 649
5 332
After tax
10 231
12 421
9 351
9 668
Living cost
6 835
6 835
6 835
6 835
Free-cash
3 396
5 586
2 516
2 833

Estimated living cost  is ₴6835 per week

₴4361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-₴3350
-₴4140
-₴5992
-₴1668
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
unemployment
-
-
-
105
accident
-
-
-
135
income
-
-
-
2 012
pensions
-
-
-
4 245
total
-
-
-
6 512
Employee
15 917
-
10 417
-
income
3 069
-
1 805
-
pensions
748
-
676
-
unemployment
247
-
223
-
other
16
-
15
-
total
4 080
-
2 719
-
Employer
15 917
-
10 417
-
pensions
3 756
-
3 393
-
other
127
-
115
-
accident
315
-
284
-
unemployment
876
-
791
-
total
5 074
-
4 583
-
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
-
2 580
-
-
total
-
2 580
-
-
Income
15 000
15 000
15 000
15 000
Total tax
9 154
4 830
7 302
6 512
After tax
5 846
10 170
7 698
8 488
Living cost
11 838
11 838
11 838
11 838
Free-cash
-5 992
-1 668
-4 140
-3 350

Estimated living cost  is ₴11838 per week

₴7990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2502
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
₴7877
₴7793
₴7986
₴8180
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
-
-
-
624
income
-
-
-
4 458
pensions
-
-
-
861
total
-
-
-
5 943
Employee
1 798
-
14 031
-
income
348
-
4 413
-
pensions
162
-
387
-
unemployment
18
-
43
-
health
90
-
215
-
total
618
-
5 058
-
Employer
1 798
-
14 031
-
pensions
198
-
474
-
health
171
-
409
-
unemployment
36
-
86
-
total
405
-
969
-
Corporate
12 798
15 000
-
-
income
2 815
3 300
-
-
total
2 815
3 300
-
-
Dividends
9 982
11 700
-
-
withholding
1 996
2 340
-
-
total
1 996
2 340
-
-
Income
15 000
15 000
15 000
15 000
Total tax
5 834
5 640
6 027
5 943
After tax
9 166
9 360
8 973
9 057
Living cost
1 180
1 180
1 180
1 180
Free-cash
7 986
8 180
7 793
7 877

Estimated living cost  is ₴1180 per week

₴701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴96
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴356
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
₴251
₴898
₴1273
₴3391
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
unemployment
-
-
-
225
health
-
-
-
1 545
income
-
-
-
1 632
pensions
-
-
-
3 900
total
-
-
-
7 302
Employee

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

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

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

11 230
-
12 723
-
income
1 548
-
1 847
-
pensions
1 572
-
1 781
-
unemployment
84
-
95
-
health
578
-
655
-
total
3 782
-
4 378
-
Employer

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

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

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

11 230
-
12 723
-
pensions
1 348
-
1 527
-
health
578
-
655
-
unemployment
84
-
95
-
total
2 010
-
2 277
-
Corporate
1 760
15 000
-
-
income
264
2 250
-
-
total
264
2 250
-
-
Dividends
1 496
12 750
-
-
withholding
224
1 912
-
-
total
224
1 912
-
-
Income
15 000
15 000
15 000
15 000
Total tax
6 280
4 162
6 655
7 302
After tax
8 720
10 838
8 345
7 698
Living cost
7 447
7 447
7 447
7 447
Free-cash
1 273
3 391
898
251

Estimated living cost  is ₴7447 per week

₴5014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴576
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.
₴1641
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
-₴2714
-₴2918
-₴5676
-₴3073
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
-
-
-
896
surtax
-
-
-
-
total
-
-
-
6 109
Employee
16 708
-
12 121
-
income
3 265
-
2 101
-
social contributions
1 838
-
1 333
-
surtax
-
-
-
-
total
5 103
-
3 434
-
Employer
16 708
-
12 121
-
social contributions
3 968
-
2 879
-
total
3 968
-
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
9 071
6 468
6 313
6 109
After tax
5 929
8 532
8 687
8 891
Living cost
11 605
11 605
11 605
11 605
Free-cash
-5 676
-3 073
-2 918
-2 714

Estimated living cost  is ₴11605 per week

₴8220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
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
-₴6641
-₴7431
-₴12419
-₴4959
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
unemployment
-
-
-
105
accident
-
-
-
135
income
-
-
-
2 012
pensions
-
-
-
4 245
total
-
-
-
6 512
Employee
20 790
-
10 417
-
income
4 342
-
1 805
-
pensions
977
-
676
-
unemployment
322
-
223
-
other
20
-
15
-
total
5 661
-
2 719
-
Employer
20 790
-
10 417
-
pensions
4 906
-
3 393
-
other
167
-
115
-
accident
412
-
284
-
unemployment
1 144
-
791
-
total
6 629
-
4 583
-
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
-
2 580
-
-
total
-
2 580
-
-
Income
15 000
15 000
15 000
15 000
Total tax
12 290
4 830
7 302
6 512
After tax
2 710
10 170
7 698
8 488
Living cost
15 129
15 129
15 129
15 129
Free-cash
-12 419
-4 959
-7 431
-6 641

Estimated living cost  is ₴15129 per week

₴10865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
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
₴1344
₴2069
₴2802
₴5424
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
unemployment
-
-
-
60
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
total
-
-
-
6 255
Employee
9 800
-
12 540
-
income
980
-
1 254
-
pensions

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

860
-
1 101
-
health
451
-
577
-
accident

We are using the highest rate at 1.1%.

108
-
138
-
total
2 399
-
3 070
-
Employer
9 800
-
12 540
-
pensions

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

1 080
-
1 382
-
accident

We are using the highest rate at 1.1%.

108
-
138
-
health
676
-
865
-
unemployment
59
-
75
-
total
1 923
-
2 460
-
Corporate
3 277
15 000
-
-
income
328
1 500
-
-
total
328
1 500
-
-
Dividends
2 949
13 500
-
-
withholding
147
675
-
-
total
147
675
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 797
2 175
5 530
6 255
After tax
10 203
12 825
9 470
8 745
Living cost
7 401
7 401
7 401
7 401
Free-cash
2 802
5 424
2 069
1 344

Estimated living cost  is ₴7401 per week

₴4895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
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.
₴1906
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
-₴4666
-₴4666
-₴6418
-₴8799
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
trade
-
-
-
-
health

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

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

-
-
-
2 941
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.

-
-
-
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.

-
-
-
6
total
-
-
-
3 047
Employee

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

21 419
-
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.

97
-
6
-
income

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

1 761
-
100
-
health

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

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

2 941
-
2 941
-
total
4 799
-
3 047
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 000
-
-
trade
-
2 153
-
-
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.

-
123
-
-
income
-
2 250
-
-
chamber of commerce
-
87
-
-
total
-
4 613
-
-
Dividends
-
10 387
-
-
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.

-
134
-
-
withholding
-
2 433
-
-
total
-
2 567
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 799
7 180
3 047
3 047
After tax
10 201
7 820
11 953
11 953
Living cost
16 619
16 619
16 619
16 619
Free-cash
-6 418
-8 799
-4 666
-4 666

Estimated living cost  is ₴16619 per week

₴11464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1788
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.
₴3125
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
-₴11720
-₴11720
-₴18673
-₴14022
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
-
-
-
546
income
-
-
-
1 652
total
-
-
-
2 198
Employee
33 673
-
15 000
-
social contributions
2 797
-
546
-
income
6 354
-
1 652
-
total
9 151
-
2 198
-
Employer
33 673
-
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
9 151
4 500
2 198
2 198
After tax
5 849
10 500
12 802
12 802
Living cost
24 522
24 522
24 522
24 522
Free-cash
-18 673
-14 022
-11 720
-11 720

Estimated living cost  is ₴24522 per week

₴18656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
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
-₴15751
-₴4125
-₴8012
-₴7338
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
health

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

-
-
-
2 871
income
-
-
-
12 254
total
-
-
-
15 125
Employee
19 748
-
13 634
-
social contributions
1 979
-
1 366
-
income
2 143
-
767
-
total
4 122
-
2 133
-
Employer
19 748
-
13 634
-
social contributions
1 979
-
1 366
-
total
1 979
-
1 366
-
Corporate
-
15 000
-
-
income
-
5 250
-
-
total
-
5 250
-
-
Dividends
-
9 750
-
-
social contributions
1 285
1 462
-
-
total
1 285
1 462
-
-
Income
15 000
15 000
15 000
15 000
Total tax
7 386
6 712
3 499
15 125
After tax
7 614
8 288
11 501
-125
Living cost
15 626
15 626
15 626
15 626
Free-cash
-8 012
-7 338
-4 125
-15 751

Estimated living cost  is ₴15626 per week

₴10293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1232
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3862
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
-₴4627
-₴5821
-₴9794
-₴4888
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
-
-
-
2 875
pensions
-
-
-
625
total
-
-
-
3 500
Employee
22 136
-
13 672
-
income
4 031
-
2 577
-
pensions
1 690
-
674
-
health
289
-
115
-
total
6 010
-
3 366
-
Employer
22 136
-
13 672
-
pensions
2 236
-
1 068
-
health
421
-
260
-
total
2 657
-
1 328
-
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
8 667
3 761
4 694
3 500
After tax
6 333
11 239
10 306
11 500
Living cost
16 127
16 127
16 127
16 127
Free-cash
-9 794
-4 888
-5 821
-4 627

Estimated living cost  is ₴16127 per week

₴11063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3378
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
-₴349
-₴2306
-₴4368
-₴9013
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
-
-
-
159
accident
-
-
-
108
health
-
-
-
936
income
-
-
-
2 132
pensions
-
-
-
1 786
total
-
-
-
5 121
Employee
16 088
-
12 460
-
income
2 207
-
1 709
-
pensions
1 812
-
1 403
-
health
1 842
-
1 427
-
total
5 861
-
4 539
-
Employer
16 088
-
12 460
-
pensions
2 616
-
2 026
-
accident
269
-
208
-
unemployment
394
-
305
-
total
3 279
-
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
9 140
13 785
7 078
5 121
After tax
5 860
1 215
7 922
9 879
Living cost
10 228
10 228
10 228
10 228
Free-cash
-4 368
-9 013
-2 306
-349

Estimated living cost  is ₴10228 per week

₴7506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
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
₴3509
₴3509
₴4845
₴6937
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
work injury
-
-
-
75
unemployment
-
-
-
180
income
-
-
-
1 553
health insurance
-
-
-
1 110
pensions
-
-
-
2 760
total
-
-
-
5 678
Employee

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

9 301
-
15 000
-
income
930
-
1 553
-
work injury
46
-
75
-
pensions
1 711
-
2 760
-
unemployment
112
-
180
-
health insurance
688
-
1 110
-
total
3 487
-
5 678
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 699
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
5 699
15 000
-
-
withholding
855
2 250
-
-
total
855
2 250
-
-
Income
15 000
15 000
15 000
15 000
Total tax
4 342
2 250
5 678
5 678
After tax
10 658
12 750
9 322
9 322
Living cost
5 813
5 813
5 813
5 813
Free-cash
4 845
6 937
3 509
3 509

Estimated living cost  is ₴5813 per week

₴3601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1608
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
-₴8863
-₴9756
-₴21275
-₴9248
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
-
-
-
3 858
municipal
-
-
-
100
national
-
-
-
2 563
regional
-
-
-
193
total
-
-
-
6 714
Employee
36 275
-
15 000
-
national
6 130
-
2 287
-
social contributions
12 232
-
5 058
-
municipal
216
-
90
-
regional
548
-
172
-
total
19 126
-
7 607
-
Employer
36 275
-
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
19 126
7 099
7 607
6 714
After tax
-4 126
7 901
7 393
8 286
Living cost
17 149
17 149
17 149
17 149
Free-cash
-21 275
-9 248
-9 756
-8 863

Estimated living cost  is ₴17149 per week

₴12046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1180
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.
₴3664
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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