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
-₴4074
-₴7575
-₴4093
-₴4074
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
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.

-
-
-
3 500
trade
-
-
-
-
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
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.

-
-
-
529
total
-
-
-
4 058
Employee

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

19 593
-
15 500
-
health

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

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

3 500
-
3 500
-
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.

30
-
29
-
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.

547
-
529
-
total
4 077
-
4 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
trade
-
2 441
-
-
chamber of commerce
-
100
-
-
surtax

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

-
128
-
-
income
-
2 325
-
-
total
-
4 994
-
-
Dividends
-
10 505
-
-
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
-
2 431
-
-
total
-
2 565
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 077
7 559
4 058
4 058
After tax
11 423
7 941
11 442
11 442
Living cost
15 516
15 516
15 516
15 516
Free-cash
-4 093
-7 575
-4 074
-4 074

Estimated living cost  is ₴15516 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
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
-₴16386
-₴17268
-₴30051
-₴16264
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
municipal
-
-
-
1 145
social contributions
-
-
-
167
national
-
-
-
1 774
pensions
-
-
-
1 860
total
-
-
-
4 946
Employee
41 762
-
13 400
-
pensions
1 670
-
536
-
national
7 993
-
1 867
-
municipal
5 158
-
1 205
-
total
14 821
-
3 608
-
Employer
41 762
-
13 400
-
pensions
3 341
-
1 072
-
social contributions
449
-
144
-
total
3 790
-
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
18 611
5 828
4 824
4 946
After tax
-3 111
9 672
10 676
10 554
Living cost
26 940
26 940
26 940
26 940
Free-cash
-30 051
-17 268
-16 264
-16 386

Estimated living cost  is ₴26940 per week

₴18311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5722
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
₴905
₴1743
-₴3075
-₴1763
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
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.

-
-
-
1 613
income
-
-
-
-
microenterprise
-
-
-
2 325
surtax
-
-
-
-
total
-
-
-
3 938
Employee
14 968
-
12 490
-
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.

1 647
-
1 374
-
income
2 665
-
2 223
-
total
4 312
-
3 597
-
Employer
14 968
-
12 490
-
surtax
-
-
-
-
social contributions

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

3 606
-
3 009
-
total
3 606
-
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
7 918
3 100
6 606
3 938
After tax
7 582
12 400
8 894
11 562
Living cost
10 657
10 657
10 657
10 657
Free-cash
-3 075
1 743
-1 763
905

Estimated living cost  is ₴10657 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2601
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
-₴12524
-₴32493
-₴35368
-₴35368
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
health
-
-
-
2 380
pensions
-
-
-
2 790
income
-
-
-
1 395
total
-
-
-
6 565
Employee
43 744
43 744
43 744
-
health
6 714
5 711
6 714
-
pensions
7 874
6 002
7 874
-
income

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

7 160
7 160
7 160
-
total
21 748
18 873
21 748
-
Employer
43 744
43 744
43 744
-
health
3 041
3 041
3 041
-
pensions
3 045
3 045
3 045
-
unemployment
1 575
1 575
1 575
-
total
7 661
7 661
7 661
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
29 409
26 534
29 409
6 565
After tax
-13 909
-11 034
-13 909
8 935
Living cost
21 459
21 459
21 459
21 459
Free-cash
-35 368
-32 493
-35 368
-12 524

Estimated living cost  is ₴21459 per week

₴15207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
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.
₴3976
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
-₴13700
-₴12963
-₴24623
-₴13149
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
health
-
-
-
967
accident
-
-
-
31
other
-
-
-
1 801
municipal
-
-
-
3 283
pensions
-
-
-
1 676
national
-
-
-
-
unemployment
-
-
-
16
total
-
-
-
7 774
Employee
30 530
-
11 794
-
national
-
-
-
-
municipal
9 104
-
3 517
-
total
9 104
-
3 517
-
Employer
30 530
-
11 794
-
health
1 878
-
725
-
accident
61
-
24
-
pensions
3 300
-
1 275
-
other
3 548
-
1 371
-
unemployment
806
-
311
-
total
9 593
-
3 706
-
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
18 697
7 037
7 223
7 774
After tax
-3 197
8 463
8 277
7 726
Living cost
21 426
21 426
21 426
21 426
Free-cash
-24 623
-12 963
-13 149
-13 700

Estimated living cost  is ₴21426 per week

₴14200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
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
-₴8681
-₴12262
-₴10477
-₴8681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
15 500
health

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

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

-
-
-
3 500
trade
-
-
-
-
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
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.

-
-
-
529
total
-
-
-
4 058
Employee

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

25 977
-
15 500
-
health

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

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

3 500
-
3 500
-
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.

122
-
29
-
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.

2 232
-
529
-
total
5 854
-
4 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
trade
-
2 550
-
-
chamber of commerce
-
100
-
-
surtax

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

-
128
-
-
income
-
2 325
-
-
total
-
5 103
-
-
Dividends
-
10 397
-
-
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
-
2 404
-
-
total
-
2 536
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 854
7 639
4 058
4 058
After tax
9 646
7 861
11 442
11 442
Living cost
20 123
20 123
20 123
20 123
Free-cash
-10 477
-12 262
-8 681
-8 681

Estimated living cost  is ₴20123 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
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.
₴4242
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
-₴4650
-₴12698
-₴9898
-₴8355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 473
health
-
-
-
497
social contributions
-
-
-
3 038
income
-
-
-
-
total
-
-
-
3 535
Employee
39 390
39 390
39 390
-
health
392
670
239
-
social contributions
1 914
3 269
1 167
-
income
4 136
3 646
4 406
-
total
6 442
7 585
5 812
-
Employer
39 390
39 390
39 390
-
health
427
729
261
-
social contributions
1 914
3 269
1 167
-
total
2 341
3 998
1 428
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 783
11 583
7 240
3 535
After tax
6 717
3 917
8 260
11 965
Living cost
16 615
16 615
16 615
16 615
Free-cash
-9 898
-12 698
-8 355
-4 650

Estimated living cost  is ₴16615 per week

₴11358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3680
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
₴1364
-₴507
-₴668
-₴388
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
health
-
-
-
1 085
pensions
-
-
-
1 550
unemployment
-
-
-
233
income
-
-
-
1 895
total
-
-
-
4 763
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

13 531
5 385
12 971
-
health
947
377
908
-
pensions
1 353
538
1 297
-
unemployment
203
81
195
-
income
1 654
658
1 586
-
total
4 157
1 654
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.

13 531
5 385
12 971
-
pensions
2 638
1 050
2 529
-
total
2 638
1 050
2 529
-
Corporate
-
9 065
-
-
income
-
816
-
-
total
-
816
-
-
Dividends
-
8 249
-
-
social contributions
-
1 547
-
-
withholding
-
1 567
-
-
total
-
3 114
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 795
6 634
6 515
4 763
After tax
8 705
8 866
8 985
10 737
Living cost
9 373
9 373
9 373
9 373
Free-cash
-668
-507
-388
1 364

Estimated living cost  is ₴9373 per week

₴6396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2023
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
-₴2899
₴27
-₴3945
-₴2272
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
health
-
-
-
2 015
pensions
-
-
-
3 100
income
-
-
-
911
total
-
-
-
6 026
Employee
14 532
-
11 584
-
pensions
291
-
231
-
unemployment
232
-
186
-
income
1 636
-
1 067
-
total
2 159
-
1 484
-
Employer
14 532
-
11 584
-
health
1 889
-
1 506
-
pensions
2 907
-
2 317
-
unemployment
117
-
92
-
total
4 913
-
3 915
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
total
-
3 100
-
-
Dividends
-
12 400
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 072
3 100
5 399
6 026
After tax
8 428
12 400
10 101
9 474
Living cost
12 373
12 373
12 373
12 373
Free-cash
-3 945
27
-2 272
-2 899

Estimated living cost  is ₴12373 per week

₴8486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2901
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
-₴1577
-₴10110
-₴6022
-₴3182
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
health
-
-
-
1 127
accident
-
-
-
130
other
-
-
-
191
pensions
-
-
-
2 150
income
-
-
-
2 113
total
-
-
-
5 711
Employee
17 880
-
12 876
-
health
2 047
-
1 474
-
pensions
2 013
-
1 450
-
income
2 453
-
1 767
-
total
6 513
-
4 691
-
Employer
17 880
-
12 876
-
accident
298
-
215
-
pensions
2 907
-
2 094
-
unemployment
438
-
316
-
total
3 643
-
2 625
-
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
10 156
14 244
7 316
5 711
After tax
5 344
1 256
8 184
9 789
Living cost
11 366
11 366
11 366
11 366
Free-cash
-6 022
-10 110
-3 182
-1 577

Estimated living cost  is ₴11366 per week

₴8330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
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.
₴2169
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
₴11093
₴10473
₴9676
₴8148
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
5 315
-
15 500
-
income
1 063
-
3 100
-
total
1 063
-
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%.

10 185
15 500
-
-
total
-
-
-
-
Dividends
10 185
15 500
-
-
withholding
509
775
-
-
total
509
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
1 572
775
3 100
155
After tax
13 928
14 725
12 400
15 345
Living cost
4 252
4 252
4 252
4 252
Free-cash
9 676
10 473
8 148
11 093

Estimated living cost  is ₴4252 per week

₴2635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1147
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
-₴5255
-₴2261
-₴7788
-₴4562
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
health
-
-
-
682
other
-
-
-
736
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
income
-
-
-
1 968
total
-
-
-
7 106
Employee
18 599
-
12 381
-
health
261
-
173
-
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.

1 302
-
866
-
unemployment
186
-
123
-
income
3 202
-
2 132
-
total
4 951
-
3 294
-
Employer
18 599
-
12 381
-
health
261
-
173
-
accident
149
-
99
-
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.

3 162
-
2 105
-
other
930
-
619
-
unemployment
186
-
123
-
total
4 688
-
3 119
-
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
9 639
4 112
6 413
7 106
After tax
5 861
11 388
9 087
8 394
Living cost
13 649
13 649
13 649
13 649
Free-cash
-7 788
-2 261
-4 562
-5 255

Estimated living cost  is ₴13649 per week

₴9644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
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
-₴22184
-₴22537
-₴39441
-₴23302
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
pensions
-
-
-
542
income
-
-
-
2 991
total
-
-
-
3 533
Employee
48 318
-
14 229
-
health
796
-
98
-
pensions
4 661
-
570
-
income
8 710
-
2 712
-
total
14 167
-
3 380
-
Employer
48 318
-
14 229
-
health
918
-
270
-
pensions
5 705
-
1 001
-
total
6 623
-
1 271
-
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
20 790
3 886
4 651
3 533
After tax
-5 290
11 614
10 849
11 967
Living cost
34 151
34 151
34 151
34 151
Free-cash
-39 441
-22 537
-23 302
-22 184

Estimated living cost  is ₴34151 per week

₴25590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4012
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.
₴4271
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
₴2319
₴6534
₴4155
₴3066
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
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
unemployment
-
-
-
62
income
-
-
-
2 325
total
-
-
-
6 463
Employee
8 896
-
12 958
-
health
409
-
596
-
accident

We are using the highest rate at 1.1%.

98
-
143
-
pensions

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

781
-
1 138
-
income
889
-
1 296
-
total
2 177
-
3 173
-
Employer
8 896
-
12 958
-
health
614
-
894
-
accident

We are using the highest rate at 1.1%.

98
-
143
-
pensions

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

980
-
1 428
-
unemployment
53
-
78
-
total
1 745
-
2 543
-
Corporate
4 858
15 500
-
-
income
486
1 550
-
-
total
486
1 550
-
-
Dividends
4 373
13 950
-
-
withholding
219
698
-
-
total
219
698
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 627
2 248
5 716
6 463
After tax
10 873
13 252
9 784
9 037
Living cost
6 718
6 718
6 718
6 718
Free-cash
4 155
6 534
3 066
2 319

Estimated living cost  is ₴6718 per week

₴3922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
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.
₴2138
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
-₴19470
-₴39439
-₴40307
-₴42314
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
health
-
-
-
2 380
pensions
-
-
-
2 790
income
-
-
-
1 395
total
-
-
-
6 565
Employee
47 492
43 744
43 744
-
health
5 925
5 711
6 714
-
pensions
6 002
6 002
7 874
-
income

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

7 160
7 160
7 160
-
total
19 087
18 873
21 748
-
Employer
47 492
43 744
43 744
-
health
3 300
3 041
3 041
-
pensions
3 305
3 045
3 045
-
unemployment
1 710
1 575
1 575
-
total
8 315
7 661
7 661
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
27 402
26 534
29 409
6 565
After tax
-11 902
-11 034
-13 909
8 935
Living cost
28 405
28 405
28 405
28 405
Free-cash
-40 307
-39 439
-42 314
-19 470

Estimated living cost  is ₴28405 per week

₴20954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2537
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.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-₴5110
-₴1987
-₴9445
-₴4794
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
health
-
-
-
2 093
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
income
-
-
-
1 332
total
-
-
-
7 951
Employee
18 616
-
11 567
-
health
2 513
-
1 562
-
solidarity contribution
-
-
-
-
social contributions
1 210
-
752
-
income
2 234
-
1 388
-
total
5 957
-
3 702
-
Employer
18 616
-
11 567
-
health
1 675
-
1 041
-
social contributions
4 654
-
2 892
-
total
6 329
-
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
12 286
4 828
7 635
7 951
After tax
3 214
10 672
7 865
7 549
Living cost
12 659
12 659
12 659
12 659
Free-cash
-9 445
-1 987
-4 794
-5 110

Estimated living cost  is ₴12659 per week

₴8793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Brno model

Close
Milan , Italy
-₴12984
-₴13346
-₴30026
-₴13914
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
regional
-
-
-
142
municipal
-
-
-
92
social contributions
-
-
-
3 987
national
-
-
-
2 648
total
-
-
-
6 869
Employee
45 526
-
15 500
-
regional
430
-
126
-
national
7 889
-
2 363
-
social contributions
15 351
-
5 227
-
municipal
241
-
83
-
total
23 911
-
7 799
-
Employer
45 526
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
nationa
-
3 720
-
-
municipal
-
605
-
-
total
-
4 325
-
-
Dividends
-
11 175
-
-
withholding
-
2 906
-
-
total
-
2 906
-
-
Income
15 500
15 500
15 500
15 500
Total tax
23 911
7 231
7 799
6 869
After tax
-8 411
8 269
7 701
8 631
Living cost
21 615
21 615
21 615
21 615
Free-cash
-30 026
-13 346
-13 914
-12 984

Estimated living cost  is ₴21615 per week

₴15067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
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.
₴4798
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
-₴2358
-₴1555
-₴5006
-₴2717
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
health
-
-
-
1 100
other
-
-
-
-
pensions
-
-
-
3 100
unemployment
-
-
-
117
income
-
-
-
2 237
surtax
-
-
-
-
total
-
-
-
6 554
Employee
16 940
-
12 804
-
health
433
-
327
-
pensions
1 130
-
854
-
unemployment
1 179
-
891
-
surtax
55
-
-
-
income
2 839
-
2 146
-
other
-
-
-
-
total
5 636
-
4 218
-
Employer
16 940
-
12 804
-
health
771
-
582
-
pensions
2 258
-
1 707
-
other
-
-
-
-
unemployment
537
-
406
-
total
3 566
-
2 695
-
Corporate
-
15 500
-
-
income
-
4 030
-
-
total
-
4 030
-
-
Dividends
-
11 470
-
-
withholding
-
1 721
-
-
total
-
1 721
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 202
5 751
6 913
6 554
After tax
6 298
9 749
8 587
8 946
Living cost
11 304
11 304
11 304
11 304
Free-cash
-5 006
-1 555
-2 717
-2 358

Estimated living cost  is ₴11304 per week

₴6912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3088
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
-₴11364
-₴11717
-₴21001
-₴12482
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
pensions
-
-
-
542
income
-
-
-
2 991
total
-
-
-
3 533
Employee
32 381
-
14 229
-
health
470
-
98
-
pensions
2 748
-
570
-
income
5 832
-
2 712
-
total
9 050
-
3 380
-
Employer
32 381
-
14 229
-
health
615
-
270
-
pensions
3 505
-
1 001
-
total
4 120
-
1 271
-
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
13 170
3 886
4 651
3 533
After tax
2 330
11 614
10 849
11 967
Living cost
23 331
23 331
23 331
23 331
Free-cash
-21 001
-11 717
-12 482
-11 364

Estimated living cost  is ₴23331 per week

₴17479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
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.
₴3858
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
-₴28548
-₴34783
-₴38169
-₴30107
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
health
-
-
-
137
city
-
-
-
162
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
-
-
-
142
pensions
-
-
-
1 426
national
-
-
-
-
total
-
-
-
2 177
Employee
48 999
-
13 463
-
health
111
-
30
-
regional
1 604
-
90
-
pensions
4 117
-
1 589
-
unemployment
-
-
-
-
national
232
-
-
-
city
526
-
139
-
total
6 590
-
1 848
-
Employer
48 999
-
13 463
-
health
111
-
30
-
pensions
4 117
-
1 589
-
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.

980
-
269
-
unemployment
-
-
-
-
total
5 208
-
1 888
-
Corporate
-
15 500
-
-
national
-
1 317
-
-
regional
-
3 278
-
-
total
-
4 595
-
-
Dividends
-
10 905
-
-
withholding
-
3 817
-
-
total
-
3 817
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 798
8 412
3 736
2 177
After tax
3 702
7 088
11 764
13 323
Living cost
41 871
41 871
41 871
41 871
Free-cash
-38 169
-34 783
-30 107
-28 548

Estimated living cost  is ₴41871 per week

₴27228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴514
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.
₴10371
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
-₴12025
-₴15687
-₴15286
-₴12025
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
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.

-
-
-
3 500
trade
-
-
-
-
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
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.

-
-
-
529
total
-
-
-
4 058
Employee

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

30 785
-
15 500
-
health

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

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

3 500
-
3 500
-
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.

199
-
29
-
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.

3 620
-
529
-
total
7 319
-
4 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
trade
-
2 659
-
-
chamber of commerce
-
99
-
-
surtax

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

-
128
-
-
income
-
2 325
-
-
total
-
5 211
-
-
Dividends
-
10 289
-
-
surtax

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

-
131
-
-
withholding
-
2 378
-
-
total
-
2 509
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 319
7 720
4 058
4 058
After tax
8 181
7 780
11 442
11 442
Living cost
23 467
23 467
23 467
23 467
Free-cash
-15 286
-15 687
-12 025
-12 025

Estimated living cost  is ₴23467 per week

₴17139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
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.
₴4146
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
-₴7925
-₴9713
-₴13271
-₴7456
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
health
-
-
-
137
other
-
-
-
480
pensions
-
-
-
4 841
social contributions
-
-
-
441
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
5 899
Employee
21 924
-
11 811
-
pensions
2 479
-
1 336
-
surtax
-
-
-
-
social contributions
625
-
336
-
income
1 294
-
72
-
total
4 398
-
1 744
-
Employer
21 924
-
11 811
-
health
1 535
-
826
-
pensions
3 602
-
1 940
-
other
756
-
407
-
social contributions
66
-
35
-
unemployment
888
-
478
-
total
6 847
-
3 686
-
Corporate
-
15 500
-
-
surtax
-
-
-
-
income
-
4 340
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
social contributions
-
1 919
-
-
surtax
-
-
-
-
withholding
-
1 428
-
-
total
-
3 347
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 245
7 687
5 430
5 899
After tax
4 255
7 813
10 070
9 601
Living cost
17 526
17 526
17 526
17 526
Free-cash
-13 271
-9 713
-7 456
-7 925

Estimated living cost  is ₴17526 per week

₴11051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4753
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
-₴6188
-₴7976
-₴10181
-₴5719
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
health
-
-
-
137
other
-
-
-
480
pensions
-
-
-
4 841
social contributions
-
-
-
441
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
5 899
Employee
19 570
-
11 811
-
pensions
2 213
-
1 336
-
surtax
-
-
-
-
social contributions
558
-
336
-
income
1 009
-
72
-
total
3 780
-
1 744
-
Employer
19 570
-
11 811
-
health
1 370
-
826
-
pensions
3 216
-
1 940
-
other
676
-
407
-
social contributions
58
-
35
-
unemployment
792
-
478
-
total
6 112
-
3 686
-
Corporate
-
15 500
-
-
surtax
-
-
-
-
income
-
4 340
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
social contributions
-
1 919
-
-
surtax
-
-
-
-
withholding
-
1 428
-
-
total
-
3 347
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 892
7 687
5 430
5 899
After tax
5 608
7 813
10 070
9 601
Living cost
15 789
15 789
15 789
15 789
Free-cash
-10 181
-7 976
-5 719
-6 188

Estimated living cost  is ₴15789 per week

₴9157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4729
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
-₴908
-₴1406
-₴3213
-₴1050
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
health
-
-
-
1 082
social contributions
-
-
-
2 139
income
-
-
-
2 325
total
-
-
-
5 546
Employee
17 368
-
15 500
-
health
1 212
-
1 082
-
social contributions
2 397
-
2 139
-
income
2 897
-
2 467
-
total
6 506
-
5 688
-
Employer
17 368
-
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
893
2 032
-
-
health
452
1 028
-
-
withholding
-
2 209
-
-
total
1 345
5 269
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 851
6 044
5 688
5 546
After tax
7 649
9 456
9 812
9 954
Living cost
10 862
10 862
10 862
10 862
Free-cash
-3 213
-1 406
-1 050
-908

Estimated living cost  is ₴10862 per week

₴7269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
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.
₴2672
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
-₴9909
-₴14213
-₴18054
-₴13046
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
health
-
-
-
1 186
pensions
-
-
-
2 868
unemployment
-
-
-
3 142
income
-
-
-
-
chamber of commerce
-
-
-
62
surtax
-
-
-
101
total
-
-
-
7 359
Employee
25 600
20 414
20 414
-
health
991
790
443
-
pensions
2 622
2 090
1 172
-
unemployment
768
612
343
-
income
2 914
1 506
1 996
-
other
256
204
115
-
total
7 551
5 202
4 069
-
Employer
25 600
20 414
20 414
-
payroll
768
612
612
-
health
967
772
433
-
surtax
101
101
101
-
accident
332
265
149
-
pensions
3 213
2 562
1 437
-
chamber of commerce
102
82
82
-
other
1 216
969
893
-
unemployment
768
612
343
-
total
7 467
5 975
4 050
-
Corporate
1 944
1 944
9 506
-
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.

486
486
2 377
-
total
486
486
2 377
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
15 504
11 663
10 496
7 359
After tax
-4
3 837
5 004
8 141
Living cost
18 050
18 050
18 050
18 050
Free-cash
-18 054
-14 213
-13 046
-9 909

Estimated living cost  is ₴18050 per week

₴12038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1540
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.
₴4175
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
-₴8640
-₴9854
-₴31808
-₴11474
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
-
-
-
489
national
-
-
-
4 073
communal

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

-
-
-
901
total
-
-
-
5 463
Employee

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

36 642
-
12 006
-
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.

1 722
-
564
-
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.

2 748
-
900
-
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.

319
-
104
-
national
11 265
-
2 609
-
communal

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

1 911
-
626
-
total
17 965
-
4 803
-
Employer

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

36 642
-
12 006
-
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.

2 253
-
738
-
surtax
4 155
-
1 361
-
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.

476
-
157
-
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.

3 247
-
1 063
-
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.

535
-
175
-
total
10 666
-
3 494
-
Corporate
-
15 500
-
-
surtax
-
62
-
-
income
-
3 100
-
-
total
-
3 162
-
-
Dividends
-
12 338
-
-
withholding

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

-
3 515
-
-
total
-
3 515
-
-
Income
15 500
15 500
15 500
15 500
Total tax
28 631
6 677
8 297
5 463
After tax
-13 131
8 823
7 203
10 037
Living cost
18 677
18 677
18 677
18 677
Free-cash
-31 808
-9 854
-11 474
-8 640

Estimated living cost  is ₴18677 per week

₴12031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
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.
₴4721
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
-₴9713
-₴7975
-₴18128
-₴11241
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
other
-
-
-
16
pensions
-
-
-
4 386
unemployment
-
-
-
109
income
-
-
-
2 062
total
-
-
-
6 713
Employee
25 499
-
10 047
-
pensions
1 199
-
804
-
unemployment
396
-
265
-
other
25
-
17
-
income
5 380
-
1 702
-
total
7 000
-
2 788
-
Employer
25 499
-
10 047
-
accident
505
-
338
-
pensions
6 017
-
4 037
-
other
203
-
137
-
unemployment
1 403
-
941
-
total
8 128
-
5 453
-
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
-
2 650
-
-
total
-
2 650
-
-
Income
15 500
15 500
15 500
15 500
Total tax
15 128
4 975
8 241
6 713
After tax
372
10 525
7 259
8 787
Living cost
18 500
18 500
18 500
18 500
Free-cash
-18 128
-7 975
-11 241
-9 713

Estimated living cost  is ₴18500 per week

₴13623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
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
-₴18955
-₴17233
-₴27927
-₴18956
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
health
-
-
-
1 828
accident
-
-
-
220
pensions
-
-
-
3 900
communal
-
-
-
-
income
-
-
-
-
surtax
-
-
-
669
total
-
-
-
6 617
Employee
38 792
-
12 587
-
health
1 726
-
1 085
-
pensions
3 103
-
1 950
-
surtax
2 378
-
669
-
income
3 747
-
-
-
total
10 954
-
3 704
-
Employer
38 792
-
12 587
-
health
1 183
-
744
-
accident
349
-
220
-
pensions
3 103
-
1 950
-
total
4 635
-
2 914
-
Corporate
-
15 500
-
-
communal
-
-
-
-
surtax
-
162
-
-
income
-
2 325
-
-
total
-
2 487
-
-
Dividends
-
13 012
-
-
income
-
456
-
-
withholding
-
1 952
-
-
total
-
2 408
-
-
Income
15 500
15 500
15 500
15 500
Total tax
15 589
4 895
6 618
6 617
After tax
-89
10 605
8 882
8 883
Living cost
27 838
27 838
27 838
27 838
Free-cash
-27 927
-17 233
-18 956
-18 955

Estimated living cost  is ₴27838 per week

₴20883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4973
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
-₴2560
-₴1757
-₴5382
-₴2919
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
health
-
-
-
1 100
other
-
-
-
-
pensions
-
-
-
3 100
unemployment
-
-
-
117
income
-
-
-
2 237
surtax
-
-
-
-
total
-
-
-
6 554
Employee
17 251
-
12 804
-
health
440
-
327
-
pensions
1 151
-
854
-
unemployment
1 201
-
891
-
surtax
61
-
-
-
income
2 892
-
2 146
-
other
-
-
-
-
total
5 745
-
4 218
-
Employer
17 251
-
12 804
-
health
784
-
582
-
pensions
2 300
-
1 707
-
other
-
-
-
-
unemployment
547
-
406
-
total
3 631
-
2 695
-
Corporate
-
15 500
-
-
income
-
4 030
-
-
total
-
4 030
-
-
Dividends
-
11 470
-
-
withholding
-
1 721
-
-
total
-
1 721
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 376
5 751
6 913
6 554
After tax
6 124
9 749
8 587
8 946
Living cost
11 506
11 506
11 506
11 506
Free-cash
-5 382
-1 757
-2 919
-2 560

Estimated living cost  is ₴11506 per week

₴6947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3292
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
-₴5259
-₴5652
-₴12917
-₴6181
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
regional
-
-
-
233
municipal
-
-
-
92
social contributions
-
-
-
3 987
national
-
-
-
2 648
total
-
-
-
6 960
Employee
28 415
-
15 500
-
regional
383
-
209
-
national
4 502
-
2 363
-
social contributions
9 582
-
5 227
-
municipal
151
-
83
-
total
14 618
-
7 882
-
Employer
28 415
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
nationa
-
3 720
-
-
municipal
-
770
-
-
total
-
4 490
-
-
Dividends
-
11 010
-
-
withholding
-
2 863
-
-
total
-
2 863
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 618
7 353
7 882
6 960
After tax
882
8 147
7 618
8 540
Living cost
13 799
13 799
13 799
13 799
Free-cash
-12 917
-5 652
-6 181
-5 259

Estimated living cost  is ₴13799 per week

₴8582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3583
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
-₴8050
-₴4927
-₴15240
-₴7734
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
health
-
-
-
2 093
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
income
-
-
-
1 332
total
-
-
-
7 951
Employee
22 940
-
11 567
-
health
3 097
-
1 562
-
solidarity contribution
-
-
-
-
social contributions
1 491
-
752
-
income
2 753
-
1 388
-
total
7 341
-
3 702
-
Employer
22 940
-
11 567
-
health
2 065
-
1 041
-
social contributions
5 735
-
2 892
-
total
7 800
-
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
15 141
4 828
7 635
7 951
After tax
359
10 672
7 865
7 549
Living cost
15 599
15 599
15 599
15 599
Free-cash
-15 240
-4 927
-7 734
-8 050

Estimated living cost  is ₴15599 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
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.
₴2865
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
-₴8101
-₴12405
-₴13823
-₴11286
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
health
-
-
-
1 186
pensions
-
-
-
2 868
unemployment
-
-
-
3 142
income
-
-
-
-
chamber of commerce
-
-
-
62
surtax
-
-
-
-
total
-
-
-
7 258
Employee
22 392
20 414
20 414
-
health
866
790
446
-
pensions
2 293
2 090
1 181
-
unemployment
672
612
346
-
income
1 995
1 506
1 991
-
other
224
204
116
-
total
6 050
5 202
4 080
-
Employer
22 392
20 414
20 414
-
payroll
672
612
612
-
health
847
772
435
-
surtax
-
-
-
-
accident
291
265
150
-
pensions
2 810
2 562
1 447
-
chamber of commerce
89
82
82
-
other
1 063
969
894
-
unemployment
672
612
346
-
total
6 444
5 874
3 966
-
Corporate
1 944
1 944
9 589
-
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.

486
486
2 397
-
total
486
486
2 397
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 980
11 562
10 443
7 258
After tax
2 520
3 938
5 057
8 242
Living cost
16 343
16 343
16 343
16 343
Free-cash
-13 823
-12 405
-11 286
-8 101

Estimated living cost  is ₴16343 per week

₴9804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
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.
₴4579
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
₴8719
₴8099
₴6856
₴5774
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
8 282
-
15 500
-
income
1 657
-
3 100
-
total
1 657
-
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%.

7 218
15 500
-
-
total
-
-
-
-
Dividends
7 218
15 500
-
-
withholding
361
775
-
-
total
361
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
2 018
775
3 100
155
After tax
13 482
14 725
12 400
15 345
Living cost
6 626
6 626
6 626
6 626
Free-cash
6 856
8 099
5 774
8 719

Estimated living cost  is ₴6626 per week

₴4484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1642
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
-₴4764
-₴3068
-₴10679
-₴5254
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
health
-
-
-
1 525
pensions
-
-
-
2 831
unemployment
-
-
-
23
income
-
-
-
2 145
total
-
-
-
6 524
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 652
-
13 412
-
health
1 463
-
866
-
pensions
3 511
-
2 079
-
unemployment
32
-
18
-
income
3 906
-
1 963
-
total
8 912
-
4 926
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 652
-
13 412
-
health
1 509
-
893
-
pensions
2 004
-
1 187
-
unemployment
14
-
8
-
total
3 527
-
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
12 439
4 828
7 014
6 524
After tax
3 061
10 672
8 486
8 976
Living cost
13 740
13 740
13 740
13 740
Free-cash
-10 679
-3 068
-5 254
-4 764

Estimated living cost  is ₴13740 per week

₴9429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3164
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
-₴12621
-₴13903
-₴65129
-₴15548
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
-
-
-
1 767
income
-
-
-
3 021
total
-
-
-
4 788
Employee
33 456
-
3 124
-
social contributions
2 743
-
391
-
income
7 380
-
601
-
total
10 123
-
992
-
Employer
33 456
-
3 124
-
social contributions
47 173
-
6 723
-
total
47 173
-
6 723
-
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
57 296
6 070
7 715
4 788
After tax
-41 796
9 430
7 785
10 712
Living cost
23 333
23 333
23 333
23 333
Free-cash
-65 129
-13 903
-15 548
-12 621

Estimated living cost  is ₴23333 per week

₴15139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5702
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
-₴6859
-₴7252
-₴13655
-₴6939
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
social contributions

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

-
-
-
5 386
income
-
-
-
905
surtax
-
-
-
-
total
-
-
-
6 291
Employee
23 560
-
12 525
-
surtax
-
-
-
-
social contributions
2 592
-
1 377
-
income
4 900
-
2 019
-
total
7 492
-
3 396
-
Employer
23 560
-
12 525
-
social contributions
5 595
-
2 975
-
total
5 595
-
2 975
-
Corporate
-
15 500
-
-
surtax
-
-
-
-
income
-
3 255
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 429
-
-
total
-
3 429
-
-
Income
15 500
15 500
15 500
15 500
Total tax
13 087
6 684
6 371
6 291
After tax
2 413
8 816
9 129
9 209
Living cost
16 068
16 068
16 068
16 068
Free-cash
-13 655
-7 252
-6 939
-6 859

Estimated living cost  is ₴16068 per week

₴12022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
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.
₴2830
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
-₴15140
-₴16928
-₴26604
-₴14671
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
health
-
-
-
137
other
-
-
-
480
pensions
-
-
-
4 841
social contributions
-
-
-
441
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
5 899
Employee
32 083
-
11 811
-
pensions
3 629
-
1 336
-
surtax
-
-
-
-
social contributions
914
-
336
-
income
2 799
-
72
-
total
7 342
-
1 744
-
Employer
32 083
-
11 811
-
health
2 246
-
826
-
pensions
5 272
-
1 940
-
other
1 107
-
407
-
social contributions
96
-
35
-
unemployment
1 300
-
478
-
total
10 021
-
3 686
-
Corporate
-
15 500
-
-
surtax
-
-
-
-
income
-
4 340
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
social contributions
-
1 919
-
-
surtax
-
-
-
-
withholding
-
1 428
-
-
total
-
3 347
-
-
Income
15 500
15 500
15 500
15 500
Total tax
17 363
7 687
5 430
5 899
After tax
-1 863
7 813
10 070
9 601
Living cost
24 741
24 741
24 741
24 741
Free-cash
-26 604
-16 928
-14 671
-15 140

Estimated living cost  is ₴24741 per week

₴16744
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5633
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
-₴3307
-₴1448
-₴3521
-₴2849
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
-
-
-
3 409
total
-
-
-
3 409
Employee
16 468
-
13 420
-
social contributions
1 070
-
872
-
income
-
-
-
-
total
1 070
-
872
-
Employer
16 468
-
13 420
-
social contributions
2 553
-
2 079
-
total
2 553
-
2 079
-
Corporate
-
15 500
-
-
income
-
1 550
-
-
total
-
1 550
-
-
Dividends
-
13 950
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
3 623
1 550
2 951
3 409
After tax
11 877
13 950
12 549
12 091
Living cost
15 398
15 398
15 398
15 398
Free-cash
-3 521
-1 448
-2 849
-3 307

Estimated living cost  is ₴15398 per week

₴9956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3991
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
-₴13676
-₴95932
-₴95932
-₴95932
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
municipal
-
-
-
1 797
labour market
-
-
-
1 205
national
-
-
-
1 100
pensions
-
-
-
443
total
-
-
-
4 545
Employee
103 961
103 961
103 961
-
pensions
148
148
148
-
labour market
8 305
8 305
8 305
-
national
12 701
12 701
12 701
-
municipal
22 138
22 138
22 138
-
total
43 292
43 292
43 292
-
Employer
103 961
103 961
103 961
-
municipal
22 173
22 173
22 173
-
labour market
8 317
8 317
8 317
-
national
12 723
12 723
12 723
-
pensions
296
296
296
-
total
43 509
43 509
43 509
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
86 801
86 801
86 801
4 545
After tax
-71 301
-71 301
-71 301
10 955
Living cost
24 631
24 631
24 631
24 631
Free-cash
-95 932
-95 932
-95 932
-13 676

Estimated living cost  is ₴24631 per week

₴16858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
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.
₴5216
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
-₴1410
-₴9943
-₴5707
-₴3015
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
health
-
-
-
1 127
accident
-
-
-
130
other
-
-
-
191
pensions
-
-
-
2 150
income
-
-
-
2 113
total
-
-
-
5 711
Employee
17 616
-
12 876
-
health
2 017
-
1 474
-
pensions
1 984
-
1 450
-
income
2 417
-
1 767
-
total
6 418
-
4 691
-
Employer
17 616
-
12 876
-
accident
294
-
215
-
pensions
2 864
-
2 094
-
unemployment
432
-
316
-
total
3 590
-
2 625
-
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
10 008
14 244
7 316
5 711
After tax
5 492
1 256
8 184
9 789
Living cost
11 199
11 199
11 199
11 199
Free-cash
-5 707
-9 943
-3 015
-1 410

Estimated living cost  is ₴11199 per week

₴8151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
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.
₴2199
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
-₴6977
-₴8941
-₴16535
-₴9856
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
-
-
-
25
municipal
-
-
-
2 785
national
-
-
-
-
total
-
-
-
2 810
Employee
26 951
-
13 041
-
health
201
-
-
-
pensions
1 819
-
881
-
unemployment
404
-
195
-
national
445
-
-
-
municipal
4 414
-
2 153
-
total
7 283
-
3 229
-
Employer
26 951
-
13 041
-
health
207
-
100
-
accident
27
-
13
-
pensions
4 676
-
2 262
-
unemployment
175
-
85
-
total
5 085
-
2 460
-
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
-
-
national
-
-
-
-
municipal
-
1 674
-
-
total
-
1 674
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 368
4 774
5 689
2 810
After tax
3 132
10 726
9 811
12 690
Living cost
19 667
19 667
19 667
19 667
Free-cash
-16 535
-8 941
-9 856
-6 977

Estimated living cost  is ₴19667 per week

₴12846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
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.
₴4616
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
₴105
-₴7943
-₴4263
-₴3600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 473
health
-
-
-
497
social contributions
-
-
-
3 038
income
-
-
-
-
total
-
-
-
3 535
Employee
39 390
39 390
39 390
-
health
305
670
239
-
social contributions
1 489
3 269
1 167
-
income
4 289
3 646
4 406
-
total
6 083
7 585
5 812
-
Employer
39 390
39 390
39 390
-
health
331
729
261
-
social contributions
1 489
3 269
1 167
-
total
1 820
3 998
1 428
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 903
11 583
7 240
3 535
After tax
7 597
3 917
8 260
11 965
Living cost
11 860
11 860
11 860
11 860
Free-cash
-4 263
-7 943
-3 600
105

Estimated living cost  is ₴11860 per week

₴7108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
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.
₴3327
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
₴1280
₴4702
₴2100
₴1552
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
health
-
-
-
1 854
pensions
-
-
-
3 258
unemployment
-
-
-
15
income
-
-
-
960
total
-
-
-
6 087
Employee

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

11 758
-
14 053
-
health
999
-
1 195
-
pensions
1 763
-
2 108
-
unemployment
58
-
70
-
income
804
-
994
-
total
3 624
-
4 367
-
Employer

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

11 758
-
14 053
-
health
505
-
605
-
pensions
646
-
773
-
unemployment
58
-
70
-
total
1 209
-
1 448
-
Corporate
2 532
15 500
-
-
income
227
1 395
-
-
total
227
1 395
-
-
Dividends
2 304
14 105
-
-
withholding
207
1 270
-
-
total
207
1 270
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 267
2 665
5 815
6 087
After tax
10 233
12 835
9 685
9 413
Living cost
8 133
8 133
8 133
8 133
Free-cash
2 100
4 702
1 552
1 280

Estimated living cost  is ₴8133 per week

₴5189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
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
-₴5299
-₴3561
-₴9479
-₴6827
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
other
-
-
-
16
pensions
-
-
-
4 386
unemployment
-
-
-
109
income
-
-
-
2 062
total
-
-
-
6 713
Employee
18 941
-
10 047
-
pensions
890
-
804
-
unemployment
294
-
265
-
other
18
-
17
-
income
3 652
-
1 702
-
total
4 854
-
2 788
-
Employer
18 941
-
10 047
-
accident
375
-
338
-
pensions
4 470
-
4 037
-
other
152
-
137
-
unemployment
1 042
-
941
-
total
6 039
-
5 453
-
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
-
2 650
-
-
total
-
2 650
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 893
4 975
8 241
6 713
After tax
4 607
10 525
7 259
8 787
Living cost
14 086
14 086
14 086
14 086
Free-cash
-9 479
-3 561
-6 827
-5 299

Estimated living cost  is ₴14086 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2978
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
₴8549
₴8710
₴8553
₴8480
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
health
-
-
-
508
pensions
-
-
-
701
income
-
-
-
4 780
total
-
-
-
5 989
Employee
1 465
-
14 711
-
health
73
-
175
-
pensions
132
-
316
-
unemployment
15
-
35
-
income
283
-
4 743
-
total
503
-
5 269
-
Employer
1 465
-
14 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
13 706
15 500
-
-
income
3 015
3 410
-
-
total
3 015
3 410
-
-
Dividends
10 691
12 090
-
-
withholding
2 138
2 418
-
-
total
2 138
2 418
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 985
5 828
6 058
5 989
After tax
9 515
9 672
9 442
9 511
Living cost
962
962
962
962
Free-cash
8 553
8 710
8 480
8 549

Estimated living cost  is ₴962 per week

₴571
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
-₴778
₴2359
-₴218
-₴112
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
health
-
-
-
1 597
pensions
-
-
-
4 030
unemployment
-
-
-
233
income
-
-
-
1 578
total
-
-
-
7 438
Employee

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

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

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

13 331
-
13 147
-
health
687
-
677
-
pensions
1 866
-
1 841
-
unemployment
100
-
99
-
income
1 838
-
1 801
-
total
4 491
-
4 418
-
Employer

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

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

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

13 331
-
13 147
-
health
687
-
677
-
pensions
1 600
-
1 578
-
unemployment
100
-
99
-
total
2 387
-
2 354
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
total
-
2 325
-
-
Dividends
-
13 175
-
-
withholding
-
1 976
-
-
total
-
1 976
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 878
4 301
6 772
7 438
After tax
8 622
11 199
8 728
8 062
Living cost
8 840
8 840
8 840
8 840
Free-cash
-218
2 359
-112
-778

Estimated living cost  is ₴8840 per week

₴5952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1948
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
-₴4601
-₴4994
-₴9103
-₴4681
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
social contributions

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

-
-
-
5 386
income
-
-
-
905
surtax
-
-
-
-
total
-
-
-
6 291
Employee
19 882
-
12 525
-
surtax
-
-
-
-
social contributions
2 187
-
1 377
-
income
3 885
-
2 019
-
total
6 072
-
3 396
-
Employer
19 882
-
12 525
-
social contributions
4 721
-
2 975
-
total
4 721
-
2 975
-
Corporate
-
15 500
-
-
surtax
-
-
-
-
income
-
3 255
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 429
-
-
total
-
3 429
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 793
6 684
6 371
6 291
After tax
4 707
8 816
9 129
9 209
Living cost
13 810
13 810
13 810
13 810
Free-cash
-9 103
-4 994
-4 681
-4 601

Estimated living cost  is ₴13810 per week

₴9781
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
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
-₴9216
-₴7478
-₴17127
-₴10744
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
other
-
-
-
16
pensions
-
-
-
4 386
unemployment
-
-
-
109
income
-
-
-
2 062
total
-
-
-
6 713
Employee
24 739
-
10 047
-
pensions
1 163
-
804
-
unemployment
383
-
265
-
other
24
-
17
-
income
5 167
-
1 702
-
total
6 737
-
2 788
-
Employer
24 739
-
10 047
-
accident
490
-
338
-
pensions
5 838
-
4 037
-
other
198
-
137
-
unemployment
1 361
-
941
-
total
7 887
-
5 453
-
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
-
2 650
-
-
total
-
2 650
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 624
4 975
8 241
6 713
After tax
876
10 525
7 259
8 787
Living cost
18 003
18 003
18 003
18 003
Free-cash
-17 127
-7 478
-10 744
-9 216

Estimated living cost  is ₴18003 per week

₴12929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3421
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
₴222
₴4437
₴1316
₴969
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
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
unemployment
-
-
-
62
income
-
-
-
2 325
total
-
-
-
6 463
Employee
11 672
-
12 958
-
health
537
-
596
-
accident

We are using the highest rate at 1.1%.

128
-
143
-
pensions

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

1 025
-
1 138
-
income
1 167
-
1 296
-
total
2 857
-
3 173
-
Employer
11 672
-
12 958
-
health
805
-
894
-
accident

We are using the highest rate at 1.1%.

128
-
143
-
pensions

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

1 286
-
1 428
-
unemployment
70
-
78
-
total
2 289
-
2 543
-
Corporate
1 538
15 500
-
-
income
154
1 550
-
-
total
154
1 550
-
-
Dividends
1 384
13 950
-
-
withholding
69
698
-
-
total
69
698
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 369
2 248
5 716
6 463
After tax
10 131
13 252
9 784
9 037
Living cost
8 815
8 815
8 815
8 815
Free-cash
1 316
4 437
969
222

Estimated living cost  is ₴8815 per week

₴5830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
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.
₴2270
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
-₴8335
-₴11677
-₴9989
-₴8335
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
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.

-
-
-
3 500
trade
-
-
-
-
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
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.

-
-
-
529
total
-
-
-
4 058
Employee

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

25 488
-
15 500
-
health

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

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

3 500
-
3 500
-
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.

116
-
29
-
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.

2 096
-
529
-
total
5 712
-
4 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
trade
-
2 224
-
-
chamber of commerce
-
100
-
-
surtax

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

-
128
-
-
income
-
2 325
-
-
total
-
4 777
-
-
Dividends
-
10 722
-
-
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
-
2 486
-
-
total
-
2 623
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 712
7 400
4 058
4 058
After tax
9 788
8 100
11 442
11 442
Living cost
19 777
19 777
19 777
19 777
Free-cash
-9 989
-11 677
-8 335
-8 335

Estimated living cost  is ₴19777 per week

₴13642
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴3719
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
-₴15673
-₴18329
-₴24570
-₴15673
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
-
-
-
1 496
social contributions
-
-
-
497
total
-
-
-
1 993
Employee
40 070
-
15 500
-
social contributions
3 329
-
497
-
income
7 561
-
1 496
-
total
10 890
-
1 993
-
Employer
40 070
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
1 937
-
-
total
-
1 937
-
-
Dividends
-
13 563
-
-
withholding
-
2 712
-
-
total
-
2 712
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 890
4 649
1 993
1 993
After tax
4 610
10 851
13 507
13 507
Living cost
29 180
29 180
29 180
29 180
Free-cash
-24 570
-18 329
-15 673
-15 673

Estimated living cost  is ₴29180 per week

₴22200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4324
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
-₴20867
-₴10049
-₴11882
-₴6492
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
-
-
-
14 581
health

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

-
-
-
3 191
total
-
-
-
17 772
Employee
23 499
-
14 089
-
social contributions
2 354
-
1 411
-
income
2 550
-
575
-
total
4 904
-
1 986
-
Employer
23 499
-
14 089
-
social contributions
2 354
-
1 411
-
total
2 354
-
1 411
-
Corporate
-
15 500
-
-
income
-
5 425
-
-
total
-
5 425
-
-
Dividends
-
10 075
-
-
social contributions
1 529
1 529
-
-
total
1 529
1 529
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 787
6 954
3 397
17 772
After tax
6 713
8 546
12 103
-2 272
Living cost
18 595
18 595
18 595
18 595
Free-cash
-11 882
-10 049
-6 492
-20 867

Estimated living cost  is ₴18595 per week

₴12248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
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.
₴4595
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
-₴7000
-₴7353
-₴13660
-₴8118
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
pensions
-
-
-
542
income
-
-
-
2 991
total
-
-
-
3 533
Employee
26 035
-
14 229
-
health
340
-
98
-
pensions
1 987
-
570
-
income
4 741
-
2 712
-
total
7 068
-
3 380
-
Employer
26 035
-
14 229
-
health
495
-
270
-
pensions
2 630
-
1 001
-
total
3 125
-
1 271
-
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
10 193
3 886
4 651
3 533
After tax
5 307
11 614
10 849
11 967
Living cost
18 967
18 967
18 967
18 967
Free-cash
-13 660
-7 353
-8 118
-7 000

Estimated living cost  is ₴18967 per week

₴13011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
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.
₴3973
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
-₴2518
-₴11051
-₴7805
-₴4123
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
health
-
-
-
1 127
accident
-
-
-
130
other
-
-
-
191
pensions
-
-
-
2 150
income
-
-
-
2 113
total
-
-
-
5 711
Employee
19 360
-
12 876
-
health
2 217
-
1 474
-
pensions
2 180
-
1 450
-
income
2 656
-
1 767
-
total
7 053
-
4 691
-
Employer
19 360
-
12 876
-
accident
323
-
215
-
pensions
3 148
-
2 094
-
unemployment
474
-
316
-
total
3 945
-
2 625
-
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
10 998
14 244
7 316
5 711
After tax
4 502
1 256
8 184
9 789
Living cost
12 307
12 307
12 307
12 307
Free-cash
-7 805
-11 051
-4 123
-2 518

Estimated living cost  is ₴12307 per week

₴9032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2310
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
₴2766
₴6253
₴3760
₴2766
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
health insurance
-
-
-
1 147
work injury
-
-
-
77
pensions
-
-
-
2 852
unemployment
-
-
-
186
income
-
-
-
1 550
total
-
-
-
5 812
Employee

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

11 076
-
15 500
-
pensions
2 038
-
2 852
-
work injury
55
-
77
-
unemployment
133
-
186
-
health insurance
820
-
1 147
-
income
1 108
-
1 550
-
total
4 154
-
5 812
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 424
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
4 424
15 500
-
-
withholding
664
2 325
-
-
total
664
2 325
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 818
2 325
5 812
5 812
After tax
10 682
13 175
9 688
9 688
Living cost
6 922
6 922
6 922
6 922
Free-cash
3 760
6 253
2 766
2 766

Estimated living cost  is ₴6922 per week

₴4289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
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.
₴1915
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
-₴11845
-₴12244
-₴27667
-₴12767
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
regional
-
-
-
199
municipal
-
-
-
104
social contributions
-
-
-
3 987
national
-
-
-
2 648
total
-
-
-
6 938
Employee
43 166
-
15 500
-
regional
652
-
178
-
national
7 295
-
2 363
-
social contributions
14 555
-
5 227
-
municipal
258
-
92
-
total
22 760
-
7 860
-
Employer
43 166
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
nationa
-
3 720
-
-
municipal
-
748
-
-
total
-
4 468
-
-
Dividends
-
11 032
-
-
withholding
-
2 869
-
-
total
-
2 869
-
-
Income
15 500
15 500
15 500
15 500
Total tax
22 760
7 337
7 860
6 938
After tax
-7 260
8 163
7 640
8 562
Living cost
20 407
20 407
20 407
20 407
Free-cash
-27 667
-12 244
-12 767
-11 845

Estimated living cost  is ₴20407 per week

₴14335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
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.
₴4360
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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