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
₴ 15500
per

Your estimated
City
free-cash

Dresden , Germany
-₴6958
-₴3422
-₴3422
-₴3304
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.

-
-
-
15 500
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.

-
-
-
637
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.

-
-
-
35
health

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

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

-
-
-
3 359
trade
-
-
-
-
total
-
-
-
4 031
Employee

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

18 804
-
15 500
-
surtax

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

29
-
35
-
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.

525
-
637
-
health

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

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

3 359
-
3 359
-
total
3 913
-
4 031
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
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
-
-
chamber of commerce
-
97
-
-
trade
-
2 442
-
-
total
-
4 992
-
-
Dividends
-
10 509
-
-
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
-
2 441
-
-
total
-
2 575
-
-
Income
15 500
15 500
15 500
15 500
Total tax
3 913
7 567
4 031
4 031
After tax
11 587
7 933
11 469
11 469
Living cost
14 892
14 892
14 892
14 892
Free-cash
-3 304
-6 958
-3 422
-3 422

Estimated living cost  is ₴14892 per week

₴9367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3510
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
-₴16659
-₴15693
-₴15815
-₴29023
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
-
-
-
15 500
social contributions
-
-
-
167
municipal
-
-
-
1 160
national
-
-
-
1 797
pensions
-
-
-
1 860
total
-
-
-
4 984
Employee
40 818
-
13 400
-
municipal
5 042
-
1 220
-
pensions
1 633
-
536
-
national
7 813
-
1 890
-
total
14 488
-
3 646
-
Employer
40 818
-
13 400
-
pensions
3 265
-
1 072
-
social contributions
439
-
144
-
total
3 704
-
1 216
-
Corporate
-
15 500
-
-
income

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

-
3 100
-
-
total
-
3 100
-
-
Dividends
-
12 400
-
-
withholding
-
2 728
-
-
total
-
2 728
-
-
Income
15 500
15 500
15 500
15 500
Total tax
18 192
5 828
4 862
4 984
After tax
-2 692
9 672
10 638
10 516
Living cost
26 331
26 331
26 331
26 331
Free-cash
-29 023
-16 659
-15 693
-15 815

Estimated living cost  is ₴26331 per week

₴17897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴394
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.
₴5592
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
₴2172
-₴1334
₴1399
-₴2325
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.

-
-
-
15 500
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 548
microenterprise
-
-
-
2 325
total
-
-
-
3 873
Employee
14 366
-
12 491
-
surtax
-
-
-
-
social contributions

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

1 580
-
1 374
-
income
2 557
-
2 223
-
total
4 137
-
3 597
-
Employer
14 366
-
12 491
-
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.

3 460
-
3 009
-
surtax
-
-
-
-
total
3 460
-
3 009
-
Corporate
-
15 500
-
-
income

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

-
3 100
-
-
total
-
3 100
-
-
Dividends

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

-
12 400
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 597
3 100
6 606
3 873
After tax
7 903
12 400
8 894
11 627
Living cost
10 228
10 228
10 228
10 228
Free-cash
-2 325
2 172
-1 334
1 399

Estimated living cost  is ₴10228 per week

₴6525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴30560
-₴33320
-₴11661
-₴33320
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
-
-
-
15 500
income
-
-
-
1 395
health
-
-
-
2 379
pensions
-
-
-
2 791
total
-
-
-
6 565
Employee
41 984
41 984
41 984
-
pensions
7 557
5 760
7 557
-
income

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

6 872
6 872
6 872
-
health
6 444
5 481
6 444
-
total
20 873
18 113
20 873
-
Employer
41 984
41 984
41 984
-
health
2 918
2 918
2 918
-
pensions
2 922
2 922
2 922
-
unemployment
1 511
1 511
1 511
-
total
7 351
7 351
7 351
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
28 224
25 464
28 224
6 565
After tax
-12 724
-9 964
-12 724
8 935
Living cost
20 596
20 596
20 596
20 596
Free-cash
-33 320
-30 560
-33 320
-11 661

Estimated living cost  is ₴20596 per week

₴14596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴11543
-₴11728
-₴12280
-₴21965
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
-
-
-
15 500
accident
-
-
-
31
other
-
-
-
1 801
unemployment
-
-
-
16
health
-
-
-
967
municipal
-
-
-
3 283
national
-
-
-
-
pensions
-
-
-
1 676
total
-
-
-
7 774
Employee
28 507
-
11 794
-
municipal
8 501
-
3 517
-
national
-
-
-
-
total
8 501
-
3 517
-
Employer
28 507
-
11 794
-
health
1 753
-
725
-
pensions
3 082
-
1 275
-
accident
57
-
24
-
unemployment
753
-
311
-
other
3 313
-
1 370
-
total
8 958
-
3 705
-
Corporate
-
15 500
-
-
income
-
3 410
-
-
total
-
3 410
-
-
Dividends
-
12 090
-
-
withholding
-
3 627
-
-
total
-
3 627
-
-
Income
15 500
15 500
15 500
15 500
Total tax
17 459
7 037
7 222
7 774
After tax
-1 959
8 463
8 278
7 726
Living cost
20 006
20 006
20 006
20 006
Free-cash
-21 965
-11 543
-11 728
-12 280

Estimated living cost  is ₴20006 per week

₴13259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
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.
₴4480
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
-₴11460
-₴7845
-₴7845
-₴9433
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.

-
-
-
15 500
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.

-
-
-
637
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.

-
-
-
35
health

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

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

-
-
-
3 359
trade
-
-
-
-
total
-
-
-
4 031
Employee

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

24 932
-
15 500
-
surtax

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

118
-
35
-
income

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

2 142
-
637
-
health

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

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

3 359
-
3 359
-
total
5 619
-
4 031
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
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
-
-
chamber of commerce
-
97
-
-
trade
-
2 550
-
-
total
-
5 100
-
-
Dividends
-
10 400
-
-
surtax

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

-
132
-
-
withholding
-
2 414
-
-
total
-
2 546
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 619
7 646
4 031
4 031
After tax
9 881
7 854
11 469
11 469
Living cost
19 314
19 314
19 314
19 314
Free-cash
-9 433
-11 460
-7 845
-7 845

Estimated living cost  is ₴19314 per week

₴12917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4072
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
-₴11565
-₴7493
-₴3839
-₴8876
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
-
-
-
18 690
income
-
-
-
-
social contributions
-
-
-
2 916
health
-
-
-
477
total
-
-
-
3 393
Employee
37 805
37 805
37 805
-
social contributions
1 837
3 138
1 168
-
income
3 970
3 500
4 212
-
health
376
643
239
-
total
6 183
7 281
5 619
-
Employer
37 805
37 805
37 805
-
health
410
700
260
-
social contributions
1 837
3 138
1 168
-
total
2 247
3 838
1 428
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 430
11 119
7 047
3 393
After tax
7 070
4 381
8 453
12 107
Living cost
15 946
15 946
15 946
15 946
Free-cash
-8 876
-11 565
-7 493
-3 839

Estimated living cost  is ₴15946 per week

₴10901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1246
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3532
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
-₴122
₴6
₴1759
₴8
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
-
-
-
15 500
income
-
-
-
1 895
unemployment
-
-
-
232
health
-
-
-
1 085
pensions
-
-
-
1 550
total
-
-
-
4 762
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.

12 961
5 158
12 971
-
unemployment
194
77
195
-
pensions
1 296
516
1 297
-
income
1 585
631
1 586
-
health
907
361
908
-
total
3 982
1 585
3 986
-
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.

12 961
5 158
12 971
-
pensions
2 527
1 006
2 529
-
total
2 527
1 006
2 529
-
Corporate
11
9 336
-
-
income
1
840
-
-
total
1
840
-
-
Dividends
10
8 496
-
-
social contributions
1
1 598
-
-
withholding
2
1 614
-
-
total
3
3 212
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 513
6 643
6 515
4 762
After tax
8 987
8 857
8 985
10 738
Living cost
8 979
8 979
8 979
8 979
Free-cash
8
-122
6
1 759

Estimated living cost  is ₴8979 per week

₴6127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1938
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
₴525
-₴1822
-₴2447
-₴3162
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
-
-
-
15 500
income
-
-
-
957
health
-
-
-
2 015
pensions
-
-
-
3 100
total
-
-
-
6 072
Employee
13 947
-
11 584
-
unemployment
223
-
186
-
pensions
279
-
231
-
income
1 570
-
1 114
-
total
2 072
-
1 531
-
Employer
13 947
-
11 584
-
health
1 813
-
1 506
-
pensions
2 790
-
2 318
-
unemployment
112
-
92
-
total
4 715
-
3 916
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
total
-
3 100
-
-
Dividends
-
12 400
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 787
3 100
5 447
6 072
After tax
8 713
12 400
10 053
9 428
Living cost
11 875
11 875
11 875
11 875
Free-cash
-3 162
525
-1 822
-2 447

Estimated living cost  is ₴11875 per week

₴8145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴707
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.
₴2784
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
-₴9672
-₴2741
-₴1024
-₴5193
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
-
-
-
15 500
accident
-
-
-
125
income
-
-
-
2 137
other
-
-
-
184
health
-
-
-
1 083
pensions
-
-
-
2 067
total
-
-
-
5 596
Employee
17 190
-
12 876
-
pensions
1 936
-
1 450
-
income
2 358
-
1 766
-
health
1 968
-
1 474
-
total
6 262
-
4 690
-
Employer
17 190
-
12 876
-
pensions
2 795
-
2 093
-
accident
287
-
215
-
unemployment
421
-
315
-
total
3 503
-
2 623
-
Corporate
-
15 500
-
-
income

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

-
13 950
-
-
total
-
13 950
-
-
Dividends
-
1 550
-
-
withholding
-
294
-
-
total
-
294
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 765
14 244
7 313
5 596
After tax
5 735
1 256
8 187
9 904
Living cost
10 928
10 928
10 928
10 928
Free-cash
-5 193
-9 672
-2 741
-1 024

Estimated living cost  is ₴10928 per week

₴8009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
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.
₴2085
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
₴10704
₴8379
₴11324
₴9950
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%.

-
-
-
15 500
microenterprise

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

-
-
-
155
total
-
-
-
155
Employee
5 026
-
15 500
-
income
1 005
-
3 100
-
total
1 005
-
3 100
-
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%.

10 474
15 500
-
-
total
-
-
-
-
Dividends
10 474
15 500
-
-
withholding
524
775
-
-
total
524
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
1 529
775
3 100
155
After tax
13 971
14 725
12 400
15 345
Living cost
4 021
4 021
4 021
4 021
Free-cash
9 950
10 704
8 379
11 324

Estimated living cost  is ₴4021 per week

₴2492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
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.
₴1084
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
-₴1712
-₴4017
-₴4707
-₴6849
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
-
-
-
15 500
income
-
-
-
1 969
other
-
-
-
736
health
-
-
-
682
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.

-
-
-
3 720
total
-
-
-
7 107
Employee
17 851
-
12 380
-
unemployment
178
-
124
-
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.

1 249
-
867
-
income
3 073
-
2 131
-
health
250
-
174
-
total
4 750
-
3 296
-
Employer
17 851
-
12 380
-
health
250
-
174
-
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.

3 035
-
2 105
-
accident
143
-
99
-
unemployment
178
-
124
-
other
893
-
619
-
total
4 499
-
3 121
-
Corporate
-
15 500
-
-
income
-
3 255
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
857
-
-
total
-
857
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 249
4 112
6 417
7 107
After tax
6 251
11 388
9 083
8 393
Living cost
13 100
13 100
13 100
13 100
Free-cash
-6 849
-1 712
-4 017
-4 707

Estimated living cost  is ₴13100 per week

₴9256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
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
-₴20905
-₴21749
-₴20586
-₴36816
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
-
-
-
15 500
income
-
-
-
2 983
pensions
-
-
-
584
total
-
-
-
3 567
Employee
46 010
-
14 189
-
pensions
4 439
-
620
-
income
8 294
-
2 693
-
health
758
-
106
-
total
13 491
-
3 419
-
Employer
46 010
-
14 189
-
health
874
-
270
-
pensions
5 432
-
1 041
-
total
6 306
-
1 311
-
Corporate
-
15 500
-
-
income

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

-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
941
-
-
total
-
941
-
-
Income
15 500
15 500
15 500
15 500
Total tax
19 797
3 886
4 730
3 567
After tax
-4 297
11 614
10 770
11 933
Living cost
32 519
32 519
32 519
32 519
Free-cash
-36 816
-20 905
-21 749
-20 586

Estimated living cost  is ₴32519 per week

₴24367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3821
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
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.
₴4067
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
₴6803
₴3335
₴2588
₴4518
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
-
-
-
15 500
income
-
-
-
2 325
unemployment
-
-
-
62
health
-
-
-
1 782
pensions

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

-
-
-
2 294
total
-
-
-
6 463
Employee
8 539
-
12 958
-
accident

We are using the highest rate at 1.1%.

94
-
143
-
pensions

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

750
-
1 138
-
income
854
-
1 296
-
health
393
-
596
-
total
2 091
-
3 173
-
Employer
8 539
-
12 958
-
health
589
-
894
-
pensions

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

941
-
1 428
-
accident

We are using the highest rate at 1.1%.

94
-
143
-
unemployment
51
-
78
-
total
1 675
-
2 543
-
Corporate
5 286
15 500
-
-
income
529
1 550
-
-
total
529
1 550
-
-
Dividends
4 757
13 950
-
-
withholding
238
698
-
-
total
238
698
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 533
2 248
5 716
6 463
After tax
10 967
13 252
9 784
9 037
Living cost
6 449
6 449
6 449
6 449
Free-cash
4 518
6 803
3 335
2 588

Estimated living cost  is ₴6449 per week

₴3765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴461
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
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.
₴2053
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
-₴37226
-₴39986
-₴18327
-₴38061
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
-
-
-
15 500
income
-
-
-
1 395
health
-
-
-
2 379
pensions
-
-
-
2 791
total
-
-
-
6 565
Employee
45 582
41 984
41 984
-
pensions
5 760
5 760
7 557
-
income

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

6 872
6 872
6 872
-
health
5 687
5 481
6 444
-
total
18 319
18 113
20 873
-
Employer
45 582
41 984
41 984
-
health
3 167
2 918
2 918
-
pensions
3 172
2 922
2 922
-
unemployment
1 641
1 511
1 511
-
total
7 980
7 351
7 351
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
26 299
25 464
28 224
6 565
After tax
-10 799
-9 964
-12 724
8 935
Living cost
27 262
27 262
27 262
27 262
Free-cash
-38 061
-37 226
-39 986
-18 327

Estimated living cost  is ₴27262 per week

₴20111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
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.
₴4405
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
-₴1547
-₴4354
-₴4670
-₴8578
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
-
-
-
15 500
income
-
-
-
1 332
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
health
-
-
-
2 093
total
-
-
-
7 951
Employee
17 969
-
11 567
-
solidarity contribution
-
-
-
-
social contributions
1 168
-
752
-
income
2 156
-
1 388
-
health
2 426
-
1 562
-
total
5 750
-
3 702
-
Employer
17 969
-
11 567
-
health
1 617
-
1 041
-
social contributions
4 492
-
2 892
-
total
6 109
-
3 933
-
Corporate
-
15 500
-
-
income
-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
1 883
-
-
total
-
1 883
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 859
4 828
7 635
7 951
After tax
3 641
10 672
7 865
7 549
Living cost
12 219
12 219
12 219
12 219
Free-cash
-8 578
-1 547
-4 354
-4 670

Estimated living cost  is ₴12219 per week

₴8487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
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.
₴2622
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
-₴12476
-₴13044
-₴12115
-₴28194
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
-
-
-
15 500
social contributions
-
-
-
3 987
regional
-
-
-
142
municipal
-
-
-
92
national
-
-
-
2 648
total
-
-
-
6 869
Employee
43 694
-
15 500
-
municipal
231
-
82
-
national
7 571
-
2 363
-
regional
412
-
126
-
social contributions
14 734
-
5 227
-
total
22 948
-
7 798
-
Employer
43 694
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
605
-
-
nationa
-
3 720
-
-
total
-
4 325
-
-
Dividends
-
11 176
-
-
withholding
-
2 905
-
-
total
-
2 905
-
-
Income
15 500
15 500
15 500
15 500
Total tax
22 948
7 230
7 798
6 869
After tax
-7 448
8 270
7 702
8 631
Living cost
20 746
20 746
20 746
20 746
Free-cash
-28 194
-12 476
-13 044
-12 115

Estimated living cost  is ₴20746 per week

₴14461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
-₴1099
-₴2262
-₴1899
-₴4180
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
-
-
-
15 500
income
-
-
-
2 237
other
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
112
health
-
-
-
1 101
pensions
-
-
-
3 100
total
-
-
-
6 550
Employee
16 258
-
12 805
-
other
-
-
-
-
unemployment
1 132
-
891
-
pensions
1 084
-
854
-
surtax
53
-
-
-
income
2 725
-
2 147
-
health
415
-
327
-
total
5 409
-
4 219
-
Employer
16 258
-
12 805
-
health
740
-
582
-
pensions
2 167
-
1 706
-
unemployment
515
-
406
-
other
-
-
-
-
total
3 422
-
2 694
-
Corporate
-
15 500
-
-
income
-
4 030
-
-
total
-
4 030
-
-
Dividends
-
11 470
-
-
withholding
-
1 720
-
-
total
-
1 720
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 831
5 750
6 913
6 550
After tax
6 669
9 750
8 587
8 950
Living cost
10 849
10 849
10 849
10 849
Free-cash
-4 180
-1 099
-2 262
-1 899

Estimated living cost  is ₴10849 per week

₴6634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2964
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
-₴10602
-₴11446
-₴10283
-₴19258
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
-
-
-
15 500
income
-
-
-
2 983
pensions
-
-
-
584
total
-
-
-
3 567
Employee
30 834
-
14 189
-
pensions
2 617
-
620
-
income
5 553
-
2 693
-
health
448
-
106
-
total
8 618
-
3 419
-
Employer
30 834
-
14 189
-
health
586
-
270
-
pensions
3 338
-
1 041
-
total
3 924
-
1 311
-
Corporate
-
15 500
-
-
income

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

-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
941
-
-
total
-
941
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 542
3 886
4 730
3 567
After tax
2 958
11 614
10 770
11 933
Living cost
22 216
22 216
22 216
22 216
Free-cash
-19 258
-10 602
-11 446
-10 283

Estimated living cost  is ₴22216 per week

₴16644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3674
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
-₴31977
-₴27199
-₴25752
-₴34571
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
-
-
-
15 500
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.

-
-
-
310
regional
-
-
-
161
health
-
-
-
127
city
-
-
-
163
national
-
-
-
-
pensions
-
-
-
1 426
total
-
-
-
2 187
Employee
45 716
-
13 521
-
unemployment
-
-
-
-
pensions
3 841
-
1 529
-
national
216
-
-
-
regional
1 497
-
105
-
city
491
-
140
-
health
103
-
30
-
total
6 148
-
1 804
-
Employer
45 716
-
13 521
-
health
103
-
30
-
pensions
3 841
-
1 529
-
unemployment
-
-
-
-
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.

914
-
271
-
total
4 858
-
1 830
-
Corporate
-
15 500
-
-
regional
-
3 278
-
-
national
-
1 317
-
-
total
-
4 595
-
-
Dividends
-
10 905
-
-
withholding
-
3 817
-
-
total
-
3 817
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 006
8 412
3 634
2 187
After tax
4 494
7 088
11 866
13 313
Living cost
39 065
39 065
39 065
39 065
Free-cash
-34 571
-31 977
-27 199
-25 752

Estimated living cost  is ₴39065 per week

₴25403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴480
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.
₴9676
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
-₴14748
-₴11053
-₴11053
-₴14046
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.

-
-
-
15 500
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.

-
-
-
637
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.

-
-
-
35
health

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

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

-
-
-
3 359
trade
-
-
-
-
total
-
-
-
4 031
Employee

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

29 547
-
15 500
-
surtax

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

191
-
35
-
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.

3 474
-
637
-
health

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

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

3 359
-
3 359
-
total
7 024
-
4 031
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
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
-
-
chamber of commerce
-
96
-
-
trade
-
2 658
-
-
total
-
5 207
-
-
Dividends
-
10 293
-
-
surtax

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

-
132
-
-
withholding
-
2 387
-
-
total
-
2 519
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 024
7 726
4 031
4 031
After tax
8 476
7 774
11 469
11 469
Living cost
22 522
22 522
22 522
22 522
Free-cash
-14 046
-14 748
-11 053
-11 053

Estimated living cost  is ₴22522 per week

₴16450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3979
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
-₴9008
-₴6807
-₴7245
-₴12113
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
-
-
-
15 500
income
-
-
-
58
other
-
-
-
480
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
134
pensions
-
-
-
4 810
total
-
-
-
5 924
Employee
21 042
-
11 809
-
pensions
2 379
-
1 336
-
surtax
-
-
-
-
social contributions
600
-
336
-
income
1 242
-
126
-
total
4 221
-
1 798
-
Employer
21 042
-
11 809
-
health
1 473
-
827
-
pensions
3 457
-
1 939
-
unemployment
852
-
479
-
social contributions
63
-
35
-
other
726
-
408
-
total
6 571
-
3 688
-
Corporate
-
15 500
-
-
income
-
4 340
-
-
surtax
-
-
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
surtax
-
-
-
-
social contributions
-
1 919
-
-
withholding
-
1 428
-
-
total
-
3 347
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 792
7 687
5 486
5 924
After tax
4 708
7 813
10 014
9 576
Living cost
16 821
16 821
16 821
16 821
Free-cash
-12 113
-9 008
-6 807
-7 245

Estimated living cost  is ₴16821 per week

₴10606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4561
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
-₴7341
-₴5140
-₴5578
-₴9147
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
-
-
-
15 500
income
-
-
-
58
other
-
-
-
480
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
134
pensions
-
-
-
4 810
total
-
-
-
5 924
Employee
18 783
-
11 809
-
pensions
2 124
-
1 336
-
surtax
-
-
-
-
social contributions
536
-
336
-
income
968
-
126
-
total
3 628
-
1 798
-
Employer
18 783
-
11 809
-
health
1 315
-
827
-
pensions
3 086
-
1 939
-
unemployment
760
-
479
-
social contributions
56
-
35
-
other
648
-
408
-
total
5 865
-
3 688
-
Corporate
-
15 500
-
-
income
-
4 340
-
-
surtax
-
-
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
surtax
-
-
-
-
social contributions
-
1 919
-
-
withholding
-
1 428
-
-
total
-
3 347
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 493
7 687
5 486
5 924
After tax
6 007
7 813
10 014
9 576
Living cost
15 154
15 154
15 154
15 154
Free-cash
-9 147
-7 341
-5 140
-5 578

Estimated living cost  is ₴15154 per week

₴8789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
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.
₴4539
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
-₴968
-₴658
-₴471
-₴2460
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
-
-
-
15 500
income
-
-
-
2 325
social contributions
-
-
-
2 139
health
-
-
-
1 082
total
-
-
-
5 546
Employee
16 670
-
15 500
-
social contributions
2 301
-
2 139
-
income
2 780
-
2 512
-
health
1 163
-
1 082
-
total
6 244
-
5 733
-
Employer
16 670
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
income

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

-
775
-
-
total
-
775
-
-
Dividends
-
14 725
-
-
social contributions
857
2 032
-
-
withholding
-
2 208
-
-
health
434
1 028
-
-
total
1 291
5 268
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 535
6 043
5 733
5 546
After tax
7 965
9 457
9 767
9 954
Living cost
10 425
10 425
10 425
10 425
Free-cash
-2 460
-968
-658
-471

Estimated living cost  is ₴10425 per week

₴6977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
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.
₴2565
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
-₴13020
-₴12196
-₴9051
-₴16703
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
-
-
-
15 500
income
-
-
-
-
surtax
-
-
-
97
unemployment
-
-
-
3 015
chamber of commerce
-
-
-
62
health
-
-
-
1 186
pensions
-
-
-
2 867
total
-
-
-
7 227
Employee
24 570
19 593
19 593
-
other
245
196
115
-
unemployment
737
588
345
-
pensions
2 516
2 006
1 177
-
income
2 797
1 445
1 884
-
health
951
759
445
-
total
7 246
4 994
3 966
-
Employer
24 570
19 593
19 593
-
chamber of commerce
98
78
78
-
health
928
741
435
-
pensions
3 084
2 459
1 443
-
accident
319
255
149
-
unemployment
737
588
345
-
surtax
97
97
97
-
payroll
737
588
588
-
other
1 167
930
862
-
total
7 167
5 736
3 997
-
Corporate
1 866
1 866
9 636
-
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.

466
466
2 409
-
total
466
466
2 409
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 879
11 196
10 372
7 227
After tax
621
4 304
5 128
8 273
Living cost
17 324
17 324
17 324
17 324
Free-cash
-16 703
-13 020
-12 196
-9 051

Estimated living cost  is ₴17324 per week

₴11554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
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.
₴4007
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
-₴9110
-₴10725
-₴8026
-₴29905
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
-
-
-
15 500
communal

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

-
-
-
894
social contributions
-
-
-
600
national
-
-
-
4 106
total
-
-
-
5 600
Employee

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

35 168
-
12 004
-
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.

306
-
104
-
communal

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

1 834
-
626
-
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.

2 638
-
900
-
national
10 812
-
2 609
-
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.

1 652
-
564
-
total
17 242
-
4 803
-
Employer

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

35 168
-
12 004
-
health

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

2 163
-
738
-
pensions

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

3 116
-
1 064
-
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.

457
-
157
-
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.

513
-
175
-
surtax
3 988
-
1 362
-
total
10 237
-
3 496
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
surtax
-
62
-
-
total
-
3 162
-
-
Dividends
-
12 338
-
-
withholding

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

-
3 522
-
-
total
-
3 522
-
-
Income
15 500
15 500
15 500
15 500
Total tax
27 479
6 684
8 299
5 600
After tax
-11 979
8 816
7 201
9 900
Living cost
17 926
17 926
17 926
17 926
Free-cash
-29 905
-9 110
-10 725
-8 026

Estimated living cost  is ₴17926 per week

₴11547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
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.
₴4532
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
-₴7234
-₴10286
-₴8967
-₴16773
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
-
-
-
15 500
accident
-
-
-
140
income
-
-
-
2 061
other
-
-
-
16
unemployment
-
-
-
108
pensions
-
-
-
4 387
total
-
-
-
6 712
Employee
24 473
-
10 266
-
other
24
-
17
-
unemployment
380
-
255
-
pensions
1 150
-
772
-
income
5 164
-
1 752
-
total
6 718
-
2 796
-
Employer
24 473
-
10 266
-
pensions
5 775
-
3 875
-
accident
484
-
325
-
unemployment
1 346
-
903
-
other
195
-
132
-
total
7 800
-
5 235
-
Corporate
-
15 500
-
-
income

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

-
2 325
-
-
total
-
2 325
-
-
Dividends
-
13 175
-
-
withholding
-
2 654
-
-
total
-
2 654
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 518
4 979
8 031
6 712
After tax
982
10 521
7 469
8 788
Living cost
17 755
17 755
17 755
17 755
Free-cash
-16 773
-7 234
-10 286
-8 967

Estimated living cost  is ₴17755 per week

₴13075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1260
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3165
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
-₴16112
-₴17614
-₴17612
-₴26179
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
-
-
-
15 500
communal
-
-
-
-
accident
-
-
-
211
income
-
-
-
-
surtax
-
-
-
686
health
-
-
-
1 754
pensions
-
-
-
3 743
total
-
-
-
6 394
Employee
37 232
-
12 704
-
pensions
2 978
-
1 872
-
surtax
2 282
-
686
-
income
3 596
-
-
-
health
1 657
-
1 041
-
total
10 513
-
3 599
-
Employer
37 232
-
12 704
-
health
1 135
-
714
-
pensions
2 978
-
1 872
-
accident
335
-
211
-
total
4 448
-
2 797
-
Corporate
-
15 500
-
-
communal
-
-
-
-
income
-
2 325
-
-
surtax
-
162
-
-
total
-
2 487
-
-
Dividends
-
13 013
-
-
income
-
455
-
-
withholding
-
1 952
-
-
total
-
2 407
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 961
4 894
6 396
6 394
After tax
539
10 606
9 104
9 106
Living cost
26 718
26 718
26 718
26 718
Free-cash
-26 179
-16 112
-17 614
-17 612

Estimated living cost  is ₴26718 per week

₴20042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4773
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
-₴1293
-₴2456
-₴2093
-₴4543
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
-
-
-
15 500
income
-
-
-
2 237
other
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
112
health
-
-
-
1 101
pensions
-
-
-
3 100
total
-
-
-
6 550
Employee
16 557
-
12 805
-
other
-
-
-
-
unemployment
1 152
-
891
-
pensions
1 105
-
854
-
surtax
59
-
-
-
income
2 776
-
2 147
-
health
423
-
327
-
total
5 515
-
4 219
-
Employer
16 557
-
12 805
-
health
753
-
582
-
pensions
2 207
-
1 706
-
unemployment
525
-
406
-
other
-
-
-
-
total
3 485
-
2 694
-
Corporate
-
15 500
-
-
income
-
4 030
-
-
total
-
4 030
-
-
Dividends
-
11 470
-
-
withholding
-
1 720
-
-
total
-
1 720
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 000
5 750
6 913
6 550
After tax
6 500
9 750
8 587
8 950
Living cost
11 043
11 043
11 043
11 043
Free-cash
-4 543
-1 293
-2 456
-2 093

Estimated living cost  is ₴11043 per week

₴6667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
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.
₴3160
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
-₴5097
-₴5625
-₴4705
-₴11773
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
-
-
-
15 500
social contributions
-
-
-
3 987
regional
-
-
-
234
municipal
-
-
-
92
national
-
-
-
2 648
total
-
-
-
6 961
Employee
27 272
-
15 500
-
municipal
145
-
82
-
national
4 321
-
2 363
-
regional
367
-
209
-
social contributions
9 196
-
5 227
-
total
14 029
-
7 881
-
Employer
27 272
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
771
-
-
nationa
-
3 720
-
-
total
-
4 491
-
-
Dividends
-
11 010
-
-
withholding
-
2 862
-
-
total
-
2 862
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 029
7 353
7 881
6 961
After tax
1 471
8 147
7 619
8 539
Living cost
13 244
13 244
13 244
13 244
Free-cash
-11 773
-5 097
-5 625
-4 705

Estimated living cost  is ₴13244 per week

₴8236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
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.
₴3439
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
-₴4385
-₴7192
-₴7508
-₴14171
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
-
-
-
15 500
income
-
-
-
1 332
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
health
-
-
-
2 093
total
-
-
-
7 951
Employee
22 142
-
11 567
-
solidarity contribution
-
-
-
-
social contributions
1 439
-
752
-
income
2 657
-
1 388
-
health
2 989
-
1 562
-
total
7 085
-
3 702
-
Employer
22 142
-
11 567
-
health
1 993
-
1 041
-
social contributions
5 536
-
2 892
-
total
7 529
-
3 933
-
Corporate
-
15 500
-
-
income
-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
1 883
-
-
total
-
1 883
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 614
4 828
7 635
7 951
After tax
886
10 672
7 865
7 549
Living cost
15 057
15 057
15 057
15 057
Free-cash
-14 171
-4 385
-7 192
-7 508

Estimated living cost  is ₴15057 per week

₴11197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
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
-₴11284
-₴10508
-₴7315
-₴12643
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
-
-
-
15 500
income
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
3 015
chamber of commerce
-
-
-
62
health
-
-
-
1 186
pensions
-
-
-
2 867
total
-
-
-
7 130
Employee
21 491
19 593
19 593
-
other
215
196
116
-
unemployment
645
588
347
-
pensions
2 201
2 006
1 186
-
income
1 914
1 445
1 879
-
health
831
759
448
-
total
5 806
4 994
3 976
-
Employer
21 491
19 593
19 593
-
chamber of commerce
86
78
78
-
health
813
741
438
-
pensions
2 697
2 459
1 454
-
accident
279
255
150
-
unemployment
645
588
347
-
surtax
-
-
-
-
payroll
645
588
588
-
other
1 021
930
863
-
total
6 186
5 639
3 918
-
Corporate
1 866
1 866
9 716
-
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.

466
466
2 429
-
total
466
466
2 429
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 458
11 099
10 323
7 130
After tax
3 042
4 401
5 177
8 370
Living cost
15 685
15 685
15 685
15 685
Free-cash
-12 643
-11 284
-10 508
-7 315

Estimated living cost  is ₴15685 per week

₴9409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
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.
₴4394
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
₴8459
₴6134
₴9079
₴7284
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%.

-
-
-
15 500
microenterprise

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

-
-
-
155
total
-
-
-
155
Employee
7 832
-
15 500
-
income
1 567
-
3 100
-
total
1 567
-
3 100
-
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%.

7 668
15 500
-
-
total
-
-
-
-
Dividends
7 668
15 500
-
-
withholding
383
775
-
-
total
383
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
1 950
775
3 100
155
After tax
13 550
14 725
12 400
15 345
Living cost
6 266
6 266
6 266
6 266
Free-cash
7 284
8 459
6 134
9 079

Estimated living cost  is ₴6266 per week

₴4240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1552
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
-₴2515
-₴4737
-₴4245
-₴9626
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.

-
-
-
15 500
income
-
-
-
2 179
unemployment
-
-
-
23
health
-
-
-
1 525
pensions
-
-
-
2 831
total
-
-
-
6 558
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.

21 741
-
13 412
-
unemployment
31
-
19
-
pensions
3 370
-
2 079
-
income
3 749
-
1 998
-
health
1 404
-
866
-
total
8 554
-
4 962
-
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.

21 741
-
13 412
-
health
1 448
-
893
-
pensions
1 924
-
1 187
-
unemployment
13
-
8
-
total
3 385
-
2 088
-
Corporate
-
15 500
-
-
income
-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
1 883
-
-
total
-
1 883
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 939
4 828
7 050
6 558
After tax
3 561
10 672
8 450
8 942
Living cost
13 187
13 187
13 187
13 187
Free-cash
-9 626
-2 515
-4 737
-4 245

Estimated living cost  is ₴13187 per week

₴9050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3037
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
-₴11734
-₴12533
-₴10452
-₴57635
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
-
-
-
15 500
income
-
-
-
3 021
social contributions
-
-
-
1 767
total
-
-
-
4 788
Employee
30 347
-
2 243
-
social contributions
2 488
-
355
-
income
6 694
-
416
-
total
9 182
-
771
-
Employer
30 347
-
2 243
-
social contributions
42 789
-
6 098
-
total
42 789
-
6 098
-
Corporate
-
15 500
-
-
income
-
3 410
-
-
total
-
3 410
-
-
Dividends
-
12 090
-
-
income
-
2 660
-
-
total
-
2 660
-
-
Income
15 500
15 500
15 500
15 500
Total tax
51 971
6 070
6 869
4 788
After tax
-36 471
9 430
8 631
10 712
Living cost
21 164
21 164
21 164
21 164
Free-cash
-57 635
-11 734
-12 533
-10 452

Estimated living cost  is ₴21164 per week

₴13732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
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.
₴5172
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
-₴6605
-₴6338
-₴6212
-₴12481
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.

-
-
-
15 500
income
-
-
-
905
surtax
-
-
-
-
social contributions

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

-
-
-
5 386
total
-
-
-
6 291
Employee
22 612
-
12 525
-
surtax
-
-
-
-
social contributions
2 487
-
1 378
-
income
4 703
-
2 065
-
total
7 190
-
3 443
-
Employer
22 612
-
12 525
-
social contributions
5 370
-
2 974
-
total
5 370
-
2 974
-
Corporate
-
15 500
-
-
income
-
3 255
-
-
surtax
-
-
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 429
-
-
total
-
3 429
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 560
6 684
6 417
6 291
After tax
2 940
8 816
9 083
9 209
Living cost
15 421
15 421
15 421
15 421
Free-cash
-12 481
-6 605
-6 338
-6 212

Estimated living cost  is ₴15421 per week

₴11538
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2716
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
-₴15933
-₴13732
-₴14170
-₴24910
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
-
-
-
15 500
income
-
-
-
58
other
-
-
-
480
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
134
pensions
-
-
-
4 810
total
-
-
-
5 924
Employee
30 793
-
11 809
-
pensions
3 483
-
1 336
-
surtax
-
-
-
-
social contributions
877
-
336
-
income
2 687
-
126
-
total
7 047
-
1 798
-
Employer
30 793
-
11 809
-
health
2 155
-
827
-
pensions
5 060
-
1 939
-
unemployment
1 247
-
479
-
social contributions
92
-
35
-
other
1 063
-
408
-
total
9 617
-
3 688
-
Corporate
-
15 500
-
-
income
-
4 340
-
-
surtax
-
-
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
surtax
-
-
-
-
social contributions
-
1 919
-
-
withholding
-
1 428
-
-
total
-
3 347
-
-
Income
15 500
15 500
15 500
15 500
Total tax
16 664
7 687
5 486
5 924
After tax
-1 164
7 813
10 014
9 576
Living cost
23 746
23 746
23 746
23 746
Free-cash
-24 910
-15 933
-13 732
-14 170

Estimated living cost  is ₴23746 per week

₴16071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
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.
₴5407
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
-₴829
-₴2231
-₴2689
-₴2756
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
-
-
-
15 500
income
-
-
-
-
social contributions
-
-
-
3 410
total
-
-
-
3 410
Employee
15 806
-
13 419
-
income
-
-
-
-
social contributions
1 027
-
871
-
total
1 027
-
871
-
Employer
15 806
-
13 419
-
social contributions
2 450
-
2 081
-
total
2 450
-
2 081
-
Corporate
-
15 500
-
-
income
-
1 550
-
-
total
-
1 550
-
-
Dividends
-
13 950
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
3 477
1 550
2 952
3 410
After tax
12 023
13 950
12 548
12 090
Living cost
14 779
14 779
14 779
14 779
Free-cash
-2 756
-829
-2 231
-2 689

Estimated living cost  is ₴14779 per week

₴9556
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
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
-₴91512
-₴91512
-₴12775
-₴91512
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
-
-
-
15 500
labour market
-
-
-
1 206
municipal
-
-
-
1 858
national
-
-
-
1 131
pensions
-
-
-
426
total
-
-
-
4 621
Employee
99 839
99 839
99 839
-
municipal
21 260
21 260
21 260
-
labour market
7 976
7 976
7 976
-
pensions
142
142
142
-
national
12 197
12 197
12 197
-
total
41 575
41 575
41 575
-
Employer
99 839
99 839
99 839
-
national
12 218
12 218
12 218
-
labour market
7 987
7 987
7 987
-
pensions
284
284
284
-
municipal
21 294
21 294
21 294
-
total
41 783
41 783
41 783
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
83 358
83 358
83 358
4 621
After tax
-67 858
-67 858
-67 858
10 879
Living cost
23 654
23 654
23 654
23 654
Free-cash
-91 512
-91 512
-91 512
-12 775

Estimated living cost  is ₴23654 per week

₴16189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2092
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴364
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.
₴5009
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
-₴9511
-₴2580
-₴863
-₴4889
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
-
-
-
15 500
accident
-
-
-
125
income
-
-
-
2 137
other
-
-
-
184
health
-
-
-
1 083
pensions
-
-
-
2 067
total
-
-
-
5 596
Employee
16 937
-
12 876
-
pensions
1 907
-
1 450
-
income
2 324
-
1 766
-
health
1 939
-
1 474
-
total
6 170
-
4 690
-
Employer
16 937
-
12 876
-
pensions
2 754
-
2 093
-
accident
283
-
215
-
unemployment
415
-
315
-
total
3 452
-
2 623
-
Corporate
-
15 500
-
-
income

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

-
13 950
-
-
total
-
13 950
-
-
Dividends
-
1 550
-
-
withholding
-
294
-
-
total
-
294
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 622
14 244
7 313
5 596
After tax
5 878
1 256
8 187
9 904
Living cost
10 767
10 767
10 767
10 767
Free-cash
-4 889
-9 511
-2 580
-863

Estimated living cost  is ₴10767 per week

₴7837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴614
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.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴8150
-₴9066
-₴6194
-₴15248
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

-
-
-
15 500
health
-
-
-
34
municipal
-
-
-
2 784
national
-
-
-
-
total
-
-
-
2 818
Employee
25 866
-
13 039
-
municipal
4 237
-
2 153
-
unemployment
388
-
196
-
pensions
1 746
-
880
-
national
427
-
-
-
health
193
-
-
-
total
6 991
-
3 229
-
Employer
25 866
-
13 039
-
health
199
-
101
-
pensions
4 488
-
2 262
-
accident
26
-
13
-
unemployment
168
-
85
-
total
4 881
-
2 461
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
total
-
3 100
-
-
Dividends

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

-
9 300
-
-
municipal
-
1 674
-
-
national
-
-
-
-
total
-
1 674
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 872
4 774
5 690
2 818
After tax
3 628
10 726
9 810
12 682
Living cost
18 876
18 876
18 876
18 876
Free-cash
-15 248
-8 150
-9 066
-6 194

Estimated living cost  is ₴18876 per week

₴12329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
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.
₴4431
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
-₴7002
-₴2930
₴724
-₴3468
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
-
-
-
18 690
income
-
-
-
-
social contributions
-
-
-
2 916
health
-
-
-
477
total
-
-
-
3 393
Employee
37 805
37 805
37 805
-
social contributions
1 429
3 138
1 168
-
income
4 116
3 500
4 212
-
health
293
643
239
-
total
5 838
7 281
5 619
-
Employer
37 805
37 805
37 805
-
health
318
700
260
-
social contributions
1 429
3 138
1 168
-
total
1 747
3 838
1 428
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 585
11 119
7 047
3 393
After tax
7 915
4 381
8 453
12 107
Living cost
11 383
11 383
11 383
11 383
Free-cash
-3 468
-7 002
-2 930
724

Estimated living cost  is ₴11383 per week

₴6822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
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.
₴3193
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
₴5029
₴1873
₴1784
₴2529
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
-
-
-
15 500
income
-
-
-
990
unemployment
-
-
-
14
health
-
-
-
1 779
pensions
-
-
-
3 127
total
-
-
-
5 910
Employee

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

11 285
-
14 053
-
unemployment
56
-
70
-
pensions
1 692
-
2 108
-
income
772
-
1 001
-
health
959
-
1 194
-
total
3 479
-
4 373
-
Employer

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

11 285
-
14 053
-
health
485
-
605
-
pensions
620
-
773
-
unemployment
56
-
70
-
total
1 161
-
1 448
-
Corporate
3 054
15 500
-
-
income
275
1 395
-
-
total
275
1 395
-
-
Dividends
2 778
14 105
-
-
withholding
250
1 270
-
-
total
250
1 270
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 165
2 665
5 821
5 910
After tax
10 335
12 835
9 679
9 590
Living cost
7 806
7 806
7 806
7 806
Free-cash
2 529
5 029
1 873
1 784

Estimated living cost  is ₴7806 per week

₴4980
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.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2030
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
-₴2999
-₴6051
-₴4732
-₴8476
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
-
-
-
15 500
accident
-
-
-
140
income
-
-
-
2 061
other
-
-
-
16
unemployment
-
-
-
108
pensions
-
-
-
4 387
total
-
-
-
6 712
Employee
18 179
-
10 266
-
other
18
-
17
-
unemployment
282
-
255
-
pensions
855
-
772
-
income
3 505
-
1 752
-
total
4 660
-
2 796
-
Employer
18 179
-
10 266
-
pensions
4 290
-
3 875
-
accident
360
-
325
-
unemployment
1 000
-
903
-
other
146
-
132
-
total
5 796
-
5 235
-
Corporate
-
15 500
-
-
income

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

-
2 325
-
-
total
-
2 325
-
-
Dividends
-
13 175
-
-
withholding
-
2 654
-
-
total
-
2 654
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 456
4 979
8 031
6 712
After tax
5 044
10 521
7 469
8 788
Living cost
13 520
13 520
13 520
13 520
Free-cash
-8 476
-2 999
-6 051
-4 732

Estimated living cost  is ₴13520 per week

₴9126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2858
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
₴8710
₴8480
₴8548
₴8552
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
-
-
-
15 500
income
-
-
-
4 779
health
-
-
-
509
pensions
-
-
-
702
total
-
-
-
5 990
Employee
1 466
-
14 710
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
284
-
4 742
-
health
73
-
176
-
total
504
-
5 269
-
Employer
1 466
-
14 710
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
13 704
15 500
-
-
income
3 015
3 410
-
-
total
3 015
3 410
-
-
Dividends
10 689
12 090
-
-
withholding
2 138
2 418
-
-
total
2 138
2 418
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 986
5 828
6 058
5 990
After tax
9 514
9 672
9 442
9 510
Living cost
962
962
962
962
Free-cash
8 552
8 710
8 480
8 548

Estimated living cost  is ₴962 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
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
₴2693
₴191
-₴475
₴272
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.

-
-
-
15 500
income
-
-
-
1 610
unemployment
-
-
-
233
health
-
-
-
1 596
pensions
-
-
-
4 030
total
-
-
-
7 469
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.

12 827
-
13 147
-
unemployment
96
-
99
-
pensions
1 796
-
1 841
-
income
1 768
-
1 832
-
health
661
-
677
-
total
4 321
-
4 449
-
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.

12 827
-
13 147
-
health
661
-
677
-
pensions
1 539
-
1 578
-
unemployment
96
-
99
-
total
2 296
-
2 354
-
Corporate
377
15 500
-
-
income
57
2 325
-
-
total
57
2 325
-
-
Dividends
321
13 175
-
-
withholding
48
1 976
-
-
total
48
1 976
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 722
4 301
6 803
7 469
After tax
8 778
11 199
8 697
8 031
Living cost
8 506
8 506
8 506
8 506
Free-cash
272
2 693
191
-475

Estimated living cost  is ₴8506 per week

₴5727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
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.
₴1875
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
-₴4438
-₴4171
-₴4045
-₴8113
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.

-
-
-
15 500
income
-
-
-
905
surtax
-
-
-
-
social contributions

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

-
-
-
5 386
total
-
-
-
6 291
Employee
19 082
-
12 525
-
surtax
-
-
-
-
social contributions
2 099
-
1 378
-
income
3 728
-
2 065
-
total
5 827
-
3 443
-
Employer
19 082
-
12 525
-
social contributions
4 532
-
2 974
-
total
4 532
-
2 974
-
Corporate
-
15 500
-
-
income
-
3 255
-
-
surtax
-
-
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 429
-
-
total
-
3 429
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 359
6 684
6 417
6 291
After tax
5 141
8 816
9 083
9 209
Living cost
13 254
13 254
13 254
13 254
Free-cash
-8 113
-4 438
-4 171
-4 045

Estimated living cost  is ₴13254 per week

₴9388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2711
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
-₴6758
-₴9810
-₴8491
-₴15815
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
-
-
-
15 500
accident
-
-
-
140
income
-
-
-
2 061
other
-
-
-
16
unemployment
-
-
-
108
pensions
-
-
-
4 387
total
-
-
-
6 712
Employee
23 744
-
10 266
-
other
23
-
17
-
unemployment
368
-
255
-
pensions
1 116
-
772
-
income
4 959
-
1 752
-
total
6 466
-
2 796
-
Employer
23 744
-
10 266
-
pensions
5 604
-
3 875
-
accident
470
-
325
-
unemployment
1 306
-
903
-
other
190
-
132
-
total
7 570
-
5 235
-
Corporate
-
15 500
-
-
income

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

-
2 325
-
-
total
-
2 325
-
-
Dividends
-
13 175
-
-
withholding
-
2 654
-
-
total
-
2 654
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 036
4 979
8 031
6 712
After tax
1 464
10 521
7 469
8 788
Living cost
17 279
17 279
17 279
17 279
Free-cash
-15 815
-6 758
-9 810
-8 491

Estimated living cost  is ₴17279 per week

₴12409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3283
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
₴4791
₴1323
₴576
₴1794
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
-
-
-
15 500
income
-
-
-
2 325
unemployment
-
-
-
62
health
-
-
-
1 782
pensions

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

-
-
-
2 294
total
-
-
-
6 463
Employee
11 203
-
12 958
-
accident

We are using the highest rate at 1.1%.

123
-
143
-
pensions

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

984
-
1 138
-
income
1 121
-
1 296
-
health
515
-
596
-
total
2 743
-
3 173
-
Employer
11 203
-
12 958
-
health
773
-
894
-
pensions

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

1 235
-
1 428
-
accident

We are using the highest rate at 1.1%.

123
-
143
-
unemployment
67
-
78
-
total
2 198
-
2 543
-
Corporate
2 098
15 500
-
-
income
210
1 550
-
-
total
210
1 550
-
-
Dividends
1 888
13 950
-
-
withholding
94
698
-
-
total
94
698
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 245
2 248
5 716
6 463
After tax
10 255
13 252
9 784
9 037
Living cost
8 461
8 461
8 461
8 461
Free-cash
1 794
4 791
1 323
576

Estimated living cost  is ₴8461 per week

₴5596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
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.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴10887
-₴7512
-₴7512
-₴8963
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.

-
-
-
15 500
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.

-
-
-
637
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.

-
-
-
35
health

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

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

-
-
-
3 359
trade
-
-
-
-
total
-
-
-
4 031
Employee

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

24 462
-
15 500
-
surtax

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

111
-
35
-
income

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

2 012
-
637
-
health

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

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

3 359
-
3 359
-
total
5 482
-
4 031
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
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
-
-
chamber of commerce
-
97
-
-
trade
-
2 224
-
-
total
-
4 774
-
-
Dividends
-
10 726
-
-
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.

-
137
-
-
withholding
-
2 495
-
-
total
-
2 632
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 482
7 406
4 031
4 031
After tax
10 018
8 094
11 469
11 469
Living cost
18 981
18 981
18 981
18 981
Free-cash
-8 963
-10 887
-7 512
-7 512

Estimated living cost  is ₴18981 per week

₴13094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3570
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
-₴17156
-₴14585
-₴14585
-₴22958
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
-
-
-
15 500
income
-
-
-
1 561
social contributions
-
-
-
518
total
-
-
-
2 079
Employee
38 458
-
15 500
-
income
7 257
-
1 561
-
social contributions
3 195
-
518
-
total
10 452
-
2 079
-
Employer
38 458
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
1 938
-
-
total
-
1 938
-
-
Dividends
-
13 562
-
-
withholding
-
2 712
-
-
total
-
2 712
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 452
4 650
2 079
2 079
After tax
5 048
10 850
13 421
13 421
Living cost
28 006
28 006
28 006
28 006
Free-cash
-22 958
-17 156
-14 585
-14 585

Estimated living cost  is ₴28006 per week

₴21307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4150
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
-₴9283
-₴5799
-₴19366
-₴10782
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.

-
-
-
15 500
income
-
-
-
13 995
health

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

-
-
-
3 024
total
-
-
-
17 019
Employee
22 554
-
14 088
-
income
2 447
-
628
-
social contributions
2 260
-
1 412
-
total
4 707
-
2 040
-
Employer
22 554
-
14 088
-
social contributions
2 260
-
1 412
-
total
2 260
-
1 412
-
Corporate
-
15 500
-
-
income
-
5 425
-
-
total
-
5 425
-
-
Dividends
-
10 075
-
-
social contributions
1 468
1 511
-
-
total
1 468
1 511
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 435
6 936
3 452
17 019
After tax
7 065
8 564
12 048
-1 519
Living cost
17 847
17 847
17 847
17 847
Free-cash
-10 782
-9 283
-5 799
-19 366

Estimated living cost  is ₴17847 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4410
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
-₴6447
-₴7291
-₴6128
-₴12267
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
-
-
-
15 500
income
-
-
-
2 983
pensions
-
-
-
584
total
-
-
-
3 567
Employee
24 791
-
14 189
-
pensions
1 892
-
620
-
income
4 515
-
2 693
-
health
323
-
106
-
total
6 730
-
3 419
-
Employer
24 791
-
14 189
-
health
471
-
270
-
pensions
2 505
-
1 041
-
total
2 976
-
1 311
-
Corporate
-
15 500
-
-
income

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

-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
941
-
-
total
-
941
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 706
3 886
4 730
3 567
After tax
5 794
11 614
10 770
11 933
Living cost
18 061
18 061
18 061
18 061
Free-cash
-12 267
-6 447
-7 291
-6 128

Estimated living cost  is ₴18061 per week

₴12390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
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.
₴3783
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
-₴10577
-₴3646
-₴1929
-₴6907
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
-
-
-
15 500
accident
-
-
-
125
income
-
-
-
2 137
other
-
-
-
184
health
-
-
-
1 083
pensions
-
-
-
2 067
total
-
-
-
5 596
Employee
18 613
-
12 876
-
pensions
2 096
-
1 450
-
income
2 554
-
1 766
-
health
2 131
-
1 474
-
total
6 781
-
4 690
-
Employer
18 613
-
12 876
-
pensions
3 026
-
2 093
-
accident
311
-
215
-
unemployment
456
-
315
-
total
3 793
-
2 623
-
Corporate
-
15 500
-
-
income

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

-
13 950
-
-
total
-
13 950
-
-
Dividends
-
1 550
-
-
withholding
-
294
-
-
total
-
294
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 574
14 244
7 313
5 596
After tax
4 926
1 256
8 187
9 904
Living cost
11 833
11 833
11 833
11 833
Free-cash
-6 907
-10 577
-3 646
-1 929

Estimated living cost  is ₴11833 per week

₴8684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2221
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
₴6542
₴3055
₴3055
₴4155
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.

-
-
-
15 500
income
-
-
-
1 550
unemployment
-
-
-
186
work injury
-
-
-
77
health insurance
-
-
-
1 147
pensions
-
-
-
2 852
total
-
-
-
5 812
Employee

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

10 613
-
15 500
-
health insurance
785
-
1 147
-
unemployment
127
-
186
-
work injury
53
-
77
-
pensions
1 953
-
2 852
-
income
1 061
-
1 550
-
total
3 979
-
5 812
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 887
15 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
4 887
15 500
-
-
withholding
733
2 325
-
-
total
733
2 325
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 712
2 325
5 812
5 812
After tax
10 788
13 175
9 688
9 688
Living cost
6 633
6 633
6 633
6 633
Free-cash
4 155
6 542
3 055
3 055

Estimated living cost  is ₴6633 per week

₴4109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
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.
₴1835
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
-₴11422
-₴11945
-₴11024
-₴25929
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
-
-
-
15 500
social contributions
-
-
-
3 987
regional
-
-
-
199
municipal
-
-
-
104
national
-
-
-
2 648
total
-
-
-
6 938
Employee
41 429
-
15 500
-
municipal
247
-
92
-
national
7 001
-
2 363
-
regional
625
-
177
-
social contributions
13 970
-
5 227
-
total
21 843
-
7 859
-
Employer
41 429
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
747
-
-
nationa
-
3 720
-
-
total
-
4 467
-
-
Dividends
-
11 033
-
-
withholding
-
2 869
-
-
total
-
2 869
-
-
Income
15 500
15 500
15 500
15 500
Total tax
21 843
7 336
7 859
6 938
After tax
-6 343
8 164
7 641
8 562
Living cost
19 586
19 586
19 586
19 586
Free-cash
-25 929
-11 422
-11 945
-11 024

Estimated living cost  is ₴19586 per week

₴13758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
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.
₴4184
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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