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
-₴6913
-₴3378
-₴3378
-₴3250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
15 500
income

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

-
-
-
646
surtax

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

-
-
-
35
health

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

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

-
-
-
3 349
trade
-
-
-
-
total
-
-
-
4 030
Employee

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

18 750
-
15 500
-
surtax

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

29
-
35
-
income

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

524
-
646
-
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.

3 349
-
3 349
-
total
3 902
-
4 030
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
127
-
-
chamber of commerce
-
97
-
-
trade
-
2 441
-
-
total
-
4 990
-
-
Dividends
-
10 510
-
-
surtax

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

-
134
-
-
withholding
-
2 441
-
-
total
-
2 575
-
-
Income
15 500
15 500
15 500
15 500
Total tax
3 902
7 565
4 030
4 030
After tax
11 598
7 935
11 470
11 470
Living cost
14 848
14 848
14 848
14 848
Free-cash
-3 250
-6 913
-3 378
-3 378

Estimated living cost  is ₴14848 per week

₴9340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16298
-₴15355
-₴15477
-₴28412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
social contributions
-
-
-
167
municipal
-
-
-
1 169
national
-
-
-
1 811
pensions
-
-
-
1 860
total
-
-
-
5 007
Employee
40 258
-
13 400
-
municipal
4 973
-
1 229
-
pensions
1 610
-
536
-
national
7 705
-
1 904
-
total
14 288
-
3 669
-
Employer
40 258
-
13 400
-
pensions
3 221
-
1 072
-
social contributions
433
-
144
-
total
3 654
-
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
17 942
5 828
4 885
5 007
After tax
-2 442
9 672
10 615
10 493
Living cost
25 970
25 970
25 970
25 970
Free-cash
-28 412
-16 298
-15 355
-15 477

Estimated living cost  is ₴25970 per week

₴17652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2201
-₴1305
₴1433
-₴2275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

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

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

-
-
-
1 543
microenterprise
-
-
-
2 325
total
-
-
-
3 868
Employee
14 324
-
12 491
-
surtax
-
-
-
-
social contributions

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

1 576
-
1 374
-
income
2 550
-
2 223
-
total
4 126
-
3 597
-
Employer
14 324
-
12 491
-
social contributions

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

3 450
-
3 009
-
surtax
-
-
-
-
total
3 450
-
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
7 576
3 100
6 606
3 868
After tax
7 924
12 400
8 894
11 632
Living cost
10 199
10 199
10 199
10 199
Free-cash
-2 275
2 201
-1 305
1 433

Estimated living cost  is ₴10199 per week

₴6506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30428
-₴33179
-₴11601
-₴33179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 395
health
-
-
-
2 380
pensions
-
-
-
2 790
total
-
-
-
6 565
Employee
41 863
41 863
41 863
-
pensions
7 535
5 744
7 535
-
income

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

6 852
6 852
6 852
-
health
6 425
5 465
6 425
-
total
20 812
18 061
20 812
-
Employer
41 863
41 863
41 863
-
health
2 910
2 910
2 910
-
pensions
2 914
2 914
2 914
-
unemployment
1 507
1 507
1 507
-
total
7 331
7 331
7 331
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
28 143
25 392
28 143
6 565
After tax
-12 643
-9 892
-12 643
8 935
Living cost
20 536
20 536
20 536
20 536
Free-cash
-33 179
-30 428
-33 179
-11 601

Estimated living cost  is ₴20536 per week

₴14553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11702
-₴11887
-₴12438
-₴22261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
31
other
-
-
-
1 801
unemployment
-
-
-
15
health
-
-
-
967
municipal
-
-
-
3 283
national
-
-
-
-
pensions
-
-
-
1 676
total
-
-
-
7 773
Employee
28 734
-
11 794
-
municipal
8 568
-
3 517
-
national
-
-
-
-
total
8 568
-
3 517
-
Employer
28 734
-
11 794
-
health
1 767
-
725
-
pensions
3 106
-
1 275
-
accident
57
-
24
-
unemployment
759
-
311
-
other
3 339
-
1 370
-
total
9 028
-
3 705
-
Corporate
-
15 500
-
-
income
-
3 410
-
-
total
-
3 410
-
-
Dividends
-
12 090
-
-
withholding
-
3 627
-
-
total
-
3 627
-
-
Income
15 500
15 500
15 500
15 500
Total tax
17 596
7 037
7 222
7 773
After tax
-2 096
8 463
8 278
7 727
Living cost
20 165
20 165
20 165
20 165
Free-cash
-22 261
-11 702
-11 887
-12 438

Estimated living cost  is ₴20165 per week

₴13365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1979
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11404
-₴7788
-₴7788
-₴9360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
15 500
income

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

-
-
-
646
surtax

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

-
-
-
35
health

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

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

-
-
-
3 349
trade
-
-
-
-
total
-
-
-
4 030
Employee

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

24 860
-
15 500
-
surtax

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

117
-
35
-
income

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

2 136
-
646
-
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.

3 349
-
3 349
-
total
5 602
-
4 030
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
127
-
-
chamber of commerce
-
97
-
-
trade
-
2 550
-
-
total
-
5 099
-
-
Dividends
-
10 401
-
-
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.

-
133
-
-
withholding
-
2 414
-
-
total
-
2 547
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 602
7 646
4 030
4 030
After tax
9 898
7 854
11 470
11 470
Living cost
19 258
19 258
19 258
19 258
Free-cash
-9 360
-11 404
-7 788
-7 788

Estimated living cost  is ₴19258 per week

₴12880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴4060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11486
-₴7431
-₴3782
-₴8805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 636
income
-
-
-
-
social contributions
-
-
-
2 907
health
-
-
-
475
total
-
-
-
3 382
Employee
37 695
37 695
37 695
-
social contributions
1 832
3 129
1 167
-
income
3 958
3 489
4 198
-
health
375
641
239
-
total
6 165
7 259
5 604
-
Employer
37 695
37 695
37 695
-
health
408
698
260
-
social contributions
1 832
3 129
1 167
-
total
2 240
3 827
1 427
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 405
11 086
7 031
3 382
After tax
7 095
4 414
8 469
12 118
Living cost
15 900
15 900
15 900
15 900
Free-cash
-8 805
-11 486
-7 431
-3 782

Estimated living cost  is ₴15900 per week

₴10869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
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.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴114
₴14
₴1767
₴16
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 895
unemployment
-
-
-
232
health
-
-
-
1 085
pensions
-
-
-
1 550
total
-
-
-
4 762
Employee

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

The minimum wage is 138,000 HUF per month.

12 950
5 154
12 971
-
unemployment
194
77
195
-
pensions
1 295
515
1 297
-
income
1 583
630
1 586
-
health
907
361
908
-
total
3 979
1 583
3 986
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 950
5 154
12 971
-
pensions
2 525
1 005
2 529
-
total
2 525
1 005
2 529
-
Corporate
24
9 341
-
-
income
2
841
-
-
total
2
841
-
-
Dividends
22
8 500
-
-
social contributions
3
1 599
-
-
withholding
4
1 615
-
-
total
7
3 214
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 513
6 643
6 515
4 762
After tax
8 987
8 857
8 985
10 738
Living cost
8 971
8 971
8 971
8 971
Free-cash
16
-114
14
1 767

Estimated living cost  is ₴8971 per week

₴6122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴559
-₴1790
-₴2417
-₴3109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
961
health
-
-
-
2 015
pensions
-
-
-
3 100
total
-
-
-
6 076
Employee
13 907
-
11 584
-
unemployment
222
-
185
-
pensions
278
-
232
-
income
1 566
-
1 117
-
total
2 066
-
1 534
-
Employer
13 907
-
11 584
-
health
1 808
-
1 506
-
pensions
2 782
-
2 316
-
unemployment
112
-
93
-
total
4 702
-
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
6 768
3 100
5 449
6 076
After tax
8 732
12 400
10 051
9 424
Living cost
11 841
11 841
11 841
11 841
Free-cash
-3 109
559
-1 790
-2 417

Estimated living cost  is ₴11841 per week

₴8121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9658
-₴2728
-₴1007
-₴5168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
125
income
-
-
-
2 138
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
5 593
Employee
17 169
-
12 876
-
pensions
1 933
-
1 450
-
income
2 355
-
1 766
-
health
1 966
-
1 474
-
total
6 254
-
4 690
-
Employer
17 169
-
12 876
-
pensions
2 792
-
2 094
-
accident
287
-
215
-
unemployment
421
-
315
-
total
3 500
-
2 624
-
Corporate
-
15 500
-
-
income

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

-
13 950
-
-
total
-
13 950
-
-
Dividends
-
1 550
-
-
withholding
-
294
-
-
total
-
294
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 754
14 244
7 314
5 593
After tax
5 746
1 256
8 186
9 907
Living cost
10 914
10 914
10 914
10 914
Free-cash
-5 168
-9 658
-2 728
-1 007

Estimated living cost  is ₴10914 per week

₴7999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10714
₴8389
₴11334
₴9962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 014
-
15 500
-
income
1 003
-
3 100
-
total
1 003
-
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%.

10 486
15 500
-
-
total
-
-
-
-
Dividends
10 486
15 500
-
-
withholding
524
775
-
-
total
524
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
1 527
775
3 100
155
After tax
13 973
14 725
12 400
15 345
Living cost
4 011
4 011
4 011
4 011
Free-cash
9 962
10 714
8 389
11 334

Estimated living cost  is ₴4011 per week

₴2486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1674
-₴3975
-₴4668
-₴6784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 968
other
-
-
-
736
health
-
-
-
682
pensions

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

-
-
-
3 720
total
-
-
-
7 106
Employee
17 799
-
12 382
-
unemployment
178
-
124
-
pensions

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

1 246
-
866
-
income
3 064
-
2 131
-
health
249
-
173
-
total
4 737
-
3 294
-
Employer
17 799
-
12 382
-
health
249
-
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.

3 026
-
2 104
-
accident
142
-
99
-
unemployment
178
-
124
-
other
890
-
619
-
total
4 485
-
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
9 222
4 112
6 413
7 106
After tax
6 278
11 388
9 087
8 394
Living cost
13 062
13 062
13 062
13 062
Free-cash
-6 784
-1 674
-3 975
-4 668

Estimated living cost  is ₴13062 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
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.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21039
-₴21876
-₴20716
-₴37030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 984
pensions
-
-
-
580
total
-
-
-
3 564
Employee
46 198
-
14 193
-
pensions
4 457
-
616
-
income
8 328
-
2 695
-
health
761
-
105
-
total
13 546
-
3 416
-
Employer
46 198
-
14 193
-
health
877
-
270
-
pensions
5 455
-
1 038
-
total
6 332
-
1 308
-
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
-
942
-
-
total
-
942
-
-
Income
15 500
15 500
15 500
15 500
Total tax
19 878
3 887
4 724
3 564
After tax
-4 378
11 613
10 776
11 936
Living cost
32 652
32 652
32 652
32 652
Free-cash
-37 030
-21 039
-21 876
-20 716

Estimated living cost  is ₴32652 per week

₴24467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3836
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.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6826
₴3357
₴2609
₴4549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 325
unemployment
-
-
-
62
health
-
-
-
1 783
pensions

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

-
-
-
2 294
total
-
-
-
6 464
Employee
8 511
-
12 958
-
accident

We are using the highest rate at 1.1%.

94
-
143
-
pensions

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

747
-
1 138
-
income
851
-
1 296
-
health
391
-
596
-
total
2 083
-
3 173
-
Employer
8 511
-
12 958
-
health
587
-
894
-
pensions

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

938
-
1 428
-
accident

We are using the highest rate at 1.1%.

94
-
143
-
unemployment
51
-
78
-
total
1 670
-
2 543
-
Corporate
5 319
15 500
-
-
income
532
1 550
-
-
total
532
1 550
-
-
Dividends
4 787
13 950
-
-
withholding
239
697
-
-
total
239
697
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 524
2 247
5 716
6 464
After tax
10 976
13 253
9 784
9 036
Living cost
6 427
6 427
6 427
6 427
Free-cash
4 549
6 826
3 357
2 609

Estimated living cost  is ₴6427 per week

₴3752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴37075
-₴39826
-₴18248
-₴37906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 395
health
-
-
-
2 380
pensions
-
-
-
2 790
total
-
-
-
6 565
Employee
45 449
41 863
41 863
-
pensions
5 744
5 744
7 535
-
income

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

6 852
6 852
6 852
-
health
5 670
5 465
6 425
-
total
18 266
18 061
20 812
-
Employer
45 449
41 863
41 863
-
health
3 158
2 910
2 910
-
pensions
3 163
2 914
2 914
-
unemployment
1 636
1 507
1 507
-
total
7 957
7 331
7 331
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
26 223
25 392
28 143
6 565
After tax
-10 723
-9 892
-12 643
8 935
Living cost
27 183
27 183
27 183
27 183
Free-cash
-37 906
-37 075
-39 826
-18 248

Estimated living cost  is ₴27183 per week

₴20052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1500
-₴4307
-₴4622
-₴8487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 332
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
health
-
-
-
2 092
total
-
-
-
7 950
Employee
17 901
-
11 567
-
solidarity contribution
-
-
-
-
social contributions
1 164
-
752
-
income
2 148
-
1 388
-
health
2 417
-
1 562
-
total
5 729
-
3 702
-
Employer
17 901
-
11 567
-
health
1 611
-
1 041
-
social contributions
4 475
-
2 892
-
total
6 086
-
3 933
-
Corporate
-
15 500
-
-
income
-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
1 883
-
-
total
-
1 883
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 815
4 828
7 635
7 950
After tax
3 685
10 672
7 865
7 550
Living cost
12 172
12 172
12 172
12 172
Free-cash
-8 487
-1 500
-4 307
-4 622

Estimated living cost  is ₴12172 per week

₴8455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12415
-₴12983
-₴12053
-₴28067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
social contributions
-
-
-
3 986
regional
-
-
-
141
municipal
-
-
-
92
national
-
-
-
2 649
total
-
-
-
6 868
Employee
43 567
-
15 500
-
municipal
231
-
82
-
national
7 549
-
2 363
-
regional
411
-
127
-
social contributions
14 691
-
5 226
-
total
22 882
-
7 798
-
Employer
43 567
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
605
-
-
nationa
-
3 720
-
-
total
-
4 325
-
-
Dividends
-
11 175
-
-
withholding
-
2 905
-
-
total
-
2 905
-
-
Income
15 500
15 500
15 500
15 500
Total tax
22 882
7 230
7 798
6 868
After tax
-7 382
8 270
7 702
8 632
Living cost
20 685
20 685
20 685
20 685
Free-cash
-28 067
-12 415
-12 983
-12 053

Estimated living cost  is ₴20685 per week

₴14419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1067
-₴2231
-₴1868
-₴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
income
-
-
-
2 237
other
-
-
-
-
surtax
-
-
-
1
unemployment
-
-
-
112
health
-
-
-
1 101
pensions
-
-
-
3 100
total
-
-
-
6 551
Employee
16 211
-
12 805
-
other
-
-
-
-
unemployment
1 128
-
891
-
pensions
1 081
-
854
-
surtax
53
-
-
-
income
2 717
-
2 147
-
health
414
-
327
-
total
5 393
-
4 219
-
Employer
16 211
-
12 805
-
health
738
-
582
-
pensions
2 161
-
1 707
-
unemployment
514
-
406
-
other
-
-
-
-
total
3 413
-
2 695
-
Corporate
-
15 500
-
-
income
-
4 030
-
-
total
-
4 030
-
-
Dividends
-
11 470
-
-
withholding
-
1 720
-
-
total
-
1 720
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 806
5 750
6 914
6 551
After tax
6 694
9 750
8 586
8 949
Living cost
10 817
10 817
10 817
10 817
Free-cash
-4 123
-1 067
-2 231
-1 868

Estimated living cost  is ₴10817 per week

₴6614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴2955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10694
-₴11531
-₴10371
-₴19400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 984
pensions
-
-
-
580
total
-
-
-
3 564
Employee
30 961
-
14 193
-
pensions
2 628
-
616
-
income
5 576
-
2 695
-
health
449
-
105
-
total
8 653
-
3 416
-
Employer
30 961
-
14 193
-
health
588
-
270
-
pensions
3 352
-
1 038
-
total
3 940
-
1 308
-
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
-
942
-
-
total
-
942
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 593
3 887
4 724
3 564
After tax
2 907
11 613
10 776
11 936
Living cost
22 307
22 307
22 307
22 307
Free-cash
-19 400
-10 694
-11 531
-10 371

Estimated living cost  is ₴22307 per week

₴16712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴31680
-₴26895
-₴25454
-₴34193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
310
regional
-
-
-
162
health
-
-
-
126
city
-
-
-
162
national
-
-
-
-
pensions
-
-
-
1 426
total
-
-
-
2 186
Employee
45 368
-
13 527
-
unemployment
-
-
-
-
pensions
3 812
-
1 523
-
national
215
-
-
-
regional
1 486
-
108
-
city
487
-
140
-
health
103
-
31
-
total
6 103
-
1 802
-
Employer
45 368
-
13 527
-
health
103
-
31
-
pensions
3 812
-
1 523
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

907
-
271
-
total
4 822
-
1 825
-
Corporate
-
15 500
-
-
regional
-
3 278
-
-
national
-
1 317
-
-
total
-
4 595
-
-
Dividends
-
10 905
-
-
withholding
-
3 817
-
-
total
-
3 817
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 925
8 412
3 627
2 186
After tax
4 575
7 088
11 873
13 314
Living cost
38 768
38 768
38 768
38 768
Free-cash
-34 193
-31 680
-26 895
-25 454

Estimated living cost  is ₴38768 per week

₴25210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14681
-₴10987
-₴10987
-₴13961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
15 500
income

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

-
-
-
646
surtax

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

-
-
-
35
health

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

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

-
-
-
3 349
trade
-
-
-
-
total
-
-
-
4 030
Employee

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

29 461
-
15 500
-
surtax

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

191
-
35
-
income

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

3 464
-
646
-
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.

3 349
-
3 349
-
total
7 004
-
4 030
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
127
-
-
chamber of commerce
-
96
-
-
trade
-
2 658
-
-
total
-
5 206
-
-
Dividends
-
10 294
-
-
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
-
2 387
-
-
total
-
2 518
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 004
7 724
4 030
4 030
After tax
8 496
7 776
11 470
11 470
Living cost
22 457
22 457
22 457
22 457
Free-cash
-13 961
-14 681
-10 987
-10 987

Estimated living cost  is ₴22457 per week

₴16402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
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.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-₴8961
-₴6762
-₴7199
-₴12032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62
other
-
-
-
481
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
135
pensions
-
-
-
4 807
total
-
-
-
5 927
Employee
20 981
-
11 811
-
pensions
2 372
-
1 336
-
surtax
-
-
-
-
social contributions
598
-
336
-
income
1 238
-
130
-
total
4 208
-
1 802
-
Employer
20 981
-
11 811
-
health
1 469
-
827
-
pensions
3 447
-
1 941
-
unemployment
849
-
478
-
social contributions
63
-
35
-
other
724
-
407
-
total
6 552
-
3 688
-
Corporate
-
15 500
-
-
income
-
4 340
-
-
surtax
-
-
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
surtax
-
-
-
-
social contributions
-
1 920
-
-
withholding
-
1 429
-
-
total
-
3 349
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 760
7 689
5 490
5 927
After tax
4 740
7 811
10 010
9 573
Living cost
16 772
16 772
16 772
16 772
Free-cash
-12 032
-8 961
-6 762
-7 199

Estimated living cost  is ₴16772 per week

₴10575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7299
-₴5100
-₴5537
-₴9077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62
other
-
-
-
481
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
135
pensions
-
-
-
4 807
total
-
-
-
5 927
Employee
18 728
-
11 811
-
pensions
2 118
-
1 336
-
surtax
-
-
-
-
social contributions
534
-
336
-
income
966
-
130
-
total
3 618
-
1 802
-
Employer
18 728
-
11 811
-
health
1 311
-
827
-
pensions
3 077
-
1 941
-
unemployment
758
-
478
-
social contributions
56
-
35
-
other
647
-
407
-
total
5 849
-
3 688
-
Corporate
-
15 500
-
-
income
-
4 340
-
-
surtax
-
-
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
surtax
-
-
-
-
social contributions
-
1 920
-
-
withholding
-
1 429
-
-
total
-
3 349
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 467
7 689
5 490
5 927
After tax
6 033
7 811
10 010
9 573
Living cost
15 110
15 110
15 110
15 110
Free-cash
-9 077
-7 299
-5 100
-5 537

Estimated living cost  is ₴15110 per week

₴8763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
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.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴938
-₴631
-₴441
-₴2409
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 325
social contributions
-
-
-
2 139
health
-
-
-
1 082
total
-
-
-
5 546
Employee
16 621
-
15 500
-
social contributions
2 294
-
2 139
-
income
2 772
-
2 515
-
health
1 160
-
1 082
-
total
6 226
-
5 736
-
Employer
16 621
-
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
855
2 032
-
-
withholding
-
2 208
-
-
health
433
1 028
-
-
total
1 288
5 268
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 514
6 043
5 736
5 546
After tax
7 986
9 457
9 764
9 954
Living cost
10 395
10 395
10 395
10 395
Free-cash
-2 409
-938
-631
-441

Estimated living cost  is ₴10395 per week

₴6957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12935
-₴12137
-₴8992
-₴16612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
-
surtax
-
-
-
97
unemployment
-
-
-
3 007
chamber of commerce
-
-
-
62
health
-
-
-
1 186
pensions
-
-
-
2 867
total
-
-
-
7 219
Employee
24 499
19 536
19 536
-
other
245
195
115
-
unemployment
735
586
345
-
pensions
2 509
2 000
1 178
-
income
2 789
1 441
1 875
-
health
948
756
446
-
total
7 226
4 978
3 959
-
Employer
24 499
19 536
19 536
-
chamber of commerce
98
78
78
-
health
926
739
434
-
pensions
3 075
2 452
1 444
-
accident
318
254
150
-
unemployment
735
586
345
-
surtax
97
97
97
-
payroll
735
586
586
-
other
1 164
927
860
-
total
7 148
5 719
3 994
-
Corporate
1 861
1 861
9 646
-
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.

465
465
2 411
-
total
465
465
2 411
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 839
11 162
10 364
7 219
After tax
661
4 338
5 136
8 281
Living cost
17 273
17 273
17 273
17 273
Free-cash
-16 612
-12 935
-12 137
-8 992

Estimated living cost  is ₴17273 per week

₴11521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9059
-₴10672
-₴7983
-₴29774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
communal

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

-
-
-
894
social contributions
-
-
-
607
national
-
-
-
4 108
total
-
-
-
5 609
Employee

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

35 066
-
12 006
-
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.

305
-
104
-
communal

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

1 829
-
626
-
pensions

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

2 630
-
901
-
national
10 781
-
2 609
-
health

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

1 648
-
564
-
total
17 193
-
4 804
-
Employer

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

35 066
-
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.

2 156
-
738
-
pensions

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

3 107
-
1 063
-
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.

456
-
156
-
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.

512
-
175
-
surtax
3 976
-
1 362
-
total
10 207
-
3 494
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
surtax
-
62
-
-
total
-
3 162
-
-
Dividends
-
12 338
-
-
withholding

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

-
3 523
-
-
total
-
3 523
-
-
Income
15 500
15 500
15 500
15 500
Total tax
27 400
6 685
8 298
5 609
After tax
-11 900
8 815
7 202
9 891
Living cost
17 874
17 874
17 874
17 874
Free-cash
-29 774
-9 059
-10 672
-7 983

Estimated living cost  is ₴17874 per week

₴11513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7184
-₴10218
-₴8916
-₴16680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
140
income
-
-
-
2 061
other
-
-
-
16
unemployment
-
-
-
109
pensions
-
-
-
4 386
total
-
-
-
6 712
Employee
24 402
-
10 281
-
other
24
-
17
-
unemployment
379
-
254
-
pensions
1 147
-
769
-
income
5 149
-
1 755
-
total
6 699
-
2 795
-
Employer
24 402
-
10 281
-
pensions
5 758
-
3 863
-
accident
483
-
324
-
unemployment
1 342
-
901
-
other
194
-
131
-
total
7 777
-
5 219
-
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
-
2 655
-
-
total
-
2 655
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 476
4 980
8 014
6 712
After tax
1 024
10 520
7 486
8 788
Living cost
17 704
17 704
17 704
17 704
Free-cash
-16 680
-7 184
-10 218
-8 916

Estimated living cost  is ₴17704 per week

₴13037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16036
-₴17519
-₴17518
-₴26057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
communal
-
-
-
-
accident
-
-
-
210
income
-
-
-
-
surtax
-
-
-
687
health
-
-
-
1 749
pensions
-
-
-
3 732
total
-
-
-
6 378
Employee
37 124
-
12 712
-
pensions
2 969
-
1 866
-
surtax
2 275
-
687
-
income
3 586
-
-
-
health
1 652
-
1 038
-
total
10 482
-
3 591
-
Employer
37 124
-
12 712
-
health
1 132
-
712
-
pensions
2 969
-
1 866
-
accident
334
-
210
-
total
4 435
-
2 788
-
Corporate
-
15 500
-
-
communal
-
-
-
-
income
-
2 325
-
-
surtax
-
163
-
-
total
-
2 488
-
-
Dividends
-
13 012
-
-
income
-
456
-
-
withholding
-
1 952
-
-
total
-
2 408
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 917
4 896
6 379
6 378
After tax
583
10 604
9 121
9 122
Living cost
26 640
26 640
26 640
26 640
Free-cash
-26 057
-16 036
-17 519
-17 518

Estimated living cost  is ₴26640 per week

₴19984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1261
-₴2425
-₴2062
-₴4485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 237
other
-
-
-
-
surtax
-
-
-
1
unemployment
-
-
-
112
health
-
-
-
1 101
pensions
-
-
-
3 100
total
-
-
-
6 551
Employee
16 509
-
12 805
-
other
-
-
-
-
unemployment
1 149
-
891
-
pensions
1 101
-
854
-
surtax
59
-
-
-
income
2 768
-
2 147
-
health
421
-
327
-
total
5 498
-
4 219
-
Employer
16 509
-
12 805
-
health
751
-
582
-
pensions
2 201
-
1 707
-
unemployment
524
-
406
-
other
-
-
-
-
total
3 476
-
2 695
-
Corporate
-
15 500
-
-
income
-
4 030
-
-
total
-
4 030
-
-
Dividends
-
11 470
-
-
withholding
-
1 720
-
-
total
-
1 720
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 974
5 750
6 914
6 551
After tax
6 526
9 750
8 586
8 949
Living cost
11 011
11 011
11 011
11 011
Free-cash
-4 485
-1 261
-2 425
-2 062

Estimated living cost  is ₴11011 per week

₴6648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5057
-₴5584
-₴4665
-₴11693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
social contributions
-
-
-
3 986
regional
-
-
-
233
municipal
-
-
-
92
national
-
-
-
2 649
total
-
-
-
6 960
Employee
27 193
-
15 500
-
municipal
144
-
82
-
national
4 308
-
2 363
-
regional
366
-
208
-
social contributions
9 170
-
5 226
-
total
13 988
-
7 879
-
Employer
27 193
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
770
-
-
nationa
-
3 720
-
-
total
-
4 490
-
-
Dividends
-
11 010
-
-
withholding
-
2 862
-
-
total
-
2 862
-
-
Income
15 500
15 500
15 500
15 500
Total tax
13 988
7 352
7 879
6 960
After tax
1 512
8 148
7 621
8 540
Living cost
13 205
13 205
13 205
13 205
Free-cash
-11 693
-5 057
-5 584
-4 665

Estimated living cost  is ₴13205 per week

₴8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4328
-₴7135
-₴7450
-₴14059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 332
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
health
-
-
-
2 092
total
-
-
-
7 950
Employee
22 058
-
11 567
-
solidarity contribution
-
-
-
-
social contributions
1 434
-
752
-
income
2 647
-
1 388
-
health
2 978
-
1 562
-
total
7 059
-
3 702
-
Employer
22 058
-
11 567
-
health
1 985
-
1 041
-
social contributions
5 515
-
2 892
-
total
7 500
-
3 933
-
Corporate
-
15 500
-
-
income
-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
1 883
-
-
total
-
1 883
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 559
4 828
7 635
7 950
After tax
941
10 672
7 865
7 550
Living cost
15 000
15 000
15 000
15 000
Free-cash
-14 059
-4 328
-7 135
-7 450

Estimated living cost  is ₴15000 per week

₴11155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11205
-₴10455
-₴7262
-₴12562
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
3 007
chamber of commerce
-
-
-
62
health
-
-
-
1 186
pensions
-
-
-
2 867
total
-
-
-
7 122
Employee
21 429
19 536
19 536
-
other
214
195
116
-
unemployment
643
586
348
-
pensions
2 195
2 000
1 186
-
income
1 909
1 441
1 870
-
health
829
756
448
-
total
5 790
4 978
3 968
-
Employer
21 429
19 536
19 536
-
chamber of commerce
86
78
78
-
health
810
739
438
-
pensions
2 689
2 452
1 454
-
accident
278
254
151
-
unemployment
643
586
348
-
surtax
-
-
-
-
payroll
643
586
586
-
other
1 018
927
861
-
total
6 167
5 622
3 916
-
Corporate
1 861
1 861
9 724
-
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.

465
465
2 431
-
total
465
465
2 431
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 422
11 065
10 315
7 122
After tax
3 078
4 435
5 185
8 378
Living cost
15 640
15 640
15 640
15 640
Free-cash
-12 562
-11 205
-10 455
-7 262

Estimated living cost  is ₴15640 per week

₴9382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
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.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8475
₴6150
₴9095
₴7303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
15 500
microenterprise

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

-
-
-
155
total
-
-
-
155
Employee
7 813
-
15 500
-
income
1 563
-
3 100
-
total
1 563
-
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%.

7 687
15 500
-
-
total
-
-
-
-
Dividends
7 687
15 500
-
-
withholding
384
775
-
-
total
384
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
1 947
775
3 100
155
After tax
13 553
14 725
12 400
15 345
Living cost
6 250
6 250
6 250
6 250
Free-cash
7 303
8 475
6 150
9 095

Estimated living cost  is ₴6250 per week

₴4230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
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.
₴1549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2477
-₴4701
-₴4211
-₴9553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
15 500
income
-
-
-
2 182
unemployment
-
-
-
23
health
-
-
-
1 526
pensions
-
-
-
2 831
total
-
-
-
6 562
Employee

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

21 678
-
13 412
-
unemployment
31
-
19
-
pensions
3 360
-
2 079
-
income
3 738
-
2 000
-
health
1 400
-
866
-
total
8 529
-
4 964
-
Employer

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

21 678
-
13 412
-
health
1 444
-
893
-
pensions
1 918
-
1 187
-
unemployment
13
-
8
-
total
3 375
-
2 088
-
Corporate
-
15 500
-
-
income
-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
1 883
-
-
total
-
1 883
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 904
4 828
7 052
6 562
After tax
3 596
10 672
8 448
8 938
Living cost
13 149
13 149
13 149
13 149
Free-cash
-9 553
-2 477
-4 701
-4 211

Estimated living cost  is ₴13149 per week

₴9024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12040
-₴12958
-₴10758
-₴58690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
3 021
social contributions
-
-
-
1 767
total
-
-
-
4 788
Employee
30 785
-
2 367
-
social contributions
2 524
-
360
-
income
6 790
-
442
-
total
9 314
-
802
-
Employer
30 785
-
2 367
-
social contributions
43 406
-
6 186
-
total
43 406
-
6 186
-
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
52 720
6 070
6 988
4 788
After tax
-37 220
9 430
8 512
10 712
Living cost
21 470
21 470
21 470
21 470
Free-cash
-58 690
-12 040
-12 958
-10 758

Estimated living cost  is ₴21470 per week

₴13930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6561
-₴6299
-₴6167
-₴12402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
15 500
income
-
-
-
904
surtax
-
-
-
-
social contributions

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

-
-
-
5 386
total
-
-
-
6 290
Employee
22 546
-
12 525
-
surtax
-
-
-
-
social contributions
2 480
-
1 378
-
income
4 690
-
2 069
-
total
7 170
-
3 447
-
Employer
22 546
-
12 525
-
social contributions
5 355
-
2 975
-
total
5 355
-
2 975
-
Corporate
-
15 500
-
-
income
-
3 255
-
-
surtax
-
-
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 429
-
-
total
-
3 429
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 525
6 684
6 422
6 290
After tax
2 975
8 816
9 078
9 210
Living cost
15 377
15 377
15 377
15 377
Free-cash
-12 402
-6 561
-6 299
-6 167

Estimated living cost  is ₴15377 per week

₴11505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15866
-₴13667
-₴14104
-₴24793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62
other
-
-
-
481
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
135
pensions
-
-
-
4 807
total
-
-
-
5 927
Employee
30 703
-
11 811
-
pensions
3 473
-
1 336
-
surtax
-
-
-
-
social contributions
874
-
336
-
income
2 679
-
130
-
total
7 026
-
1 802
-
Employer
30 703
-
11 811
-
health
2 149
-
827
-
pensions
5 045
-
1 941
-
unemployment
1 244
-
478
-
social contributions
92
-
35
-
other
1 060
-
407
-
total
9 590
-
3 688
-
Corporate
-
15 500
-
-
income
-
4 340
-
-
surtax
-
-
-
-
total
-
4 340
-
-
Dividends
-
11 160
-
-
surtax
-
-
-
-
social contributions
-
1 920
-
-
withholding
-
1 429
-
-
total
-
3 349
-
-
Income
15 500
15 500
15 500
15 500
Total tax
16 616
7 689
5 490
5 927
After tax
-1 116
7 811
10 010
9 573
Living cost
23 677
23 677
23 677
23 677
Free-cash
-24 793
-15 866
-13 667
-14 104

Estimated living cost  is ₴23677 per week

₴16024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
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.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴786
-₴2189
-₴2645
-₴2703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 760
-
13 420
-
income
-
-
-
-
social contributions
1 024
-
873
-
total
1 024
-
873
-
Employer
15 760
-
13 420
-
social contributions
2 443
-
2 080
-
total
2 443
-
2 080
-
Corporate
-
15 500
-
-
income
-
1 550
-
-
total
-
1 550
-
-
Dividends
-
13 950
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
3 467
1 550
2 953
3 409
After tax
12 033
13 950
12 547
12 091
Living cost
14 736
14 736
14 736
14 736
Free-cash
-2 703
-786
-2 189
-2 645

Estimated living cost  is ₴14736 per week

₴9528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴91265
-₴91265
-₴12724
-₴91265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
labour market
-
-
-
1 206
municipal
-
-
-
1 861
national
-
-
-
1 133
pensions
-
-
-
425
total
-
-
-
4 625
Employee
99 607
99 607
99 607
-
municipal
21 211
21 211
21 211
-
labour market
7 957
7 957
7 957
-
pensions
142
142
142
-
national
12 169
12 169
12 169
-
total
41 479
41 479
41 479
-
Employer
99 607
99 607
99 607
-
national
12 190
12 190
12 190
-
labour market
7 969
7 969
7 969
-
pensions
283
283
283
-
municipal
21 245
21 245
21 245
-
total
41 687
41 687
41 687
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
83 166
83 166
83 166
4 625
After tax
-67 666
-67 666
-67 666
10 875
Living cost
23 599
23 599
23 599
23 599
Free-cash
-91 265
-91 265
-91 265
-12 724

Estimated living cost  is ₴23599 per week

₴16152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9497
-₴2567
-₴846
-₴4863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
125
income
-
-
-
2 138
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
5 593
Employee
16 916
-
12 876
-
pensions
1 905
-
1 450
-
income
2 321
-
1 766
-
health
1 937
-
1 474
-
total
6 163
-
4 690
-
Employer
16 916
-
12 876
-
pensions
2 750
-
2 094
-
accident
282
-
215
-
unemployment
415
-
315
-
total
3 447
-
2 624
-
Corporate
-
15 500
-
-
income

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

-
13 950
-
-
total
-
13 950
-
-
Dividends
-
1 550
-
-
withholding
-
294
-
-
total
-
294
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 610
14 244
7 314
5 593
After tax
5 890
1 256
8 186
9 907
Living cost
10 753
10 753
10 753
10 753
Free-cash
-4 863
-9 497
-2 567
-846

Estimated living cost  is ₴10753 per week

₴7827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8096
-₴9010
-₴6138
-₴15158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
15 500
health
-
-
-
34
municipal
-
-
-
2 783
national
-
-
-
-
total
-
-
-
2 817
Employee
25 791
-
13 039
-
municipal
4 224
-
2 154
-
unemployment
387
-
195
-
pensions
1 741
-
880
-
national
426
-
-
-
health
193
-
-
-
total
6 971
-
3 229
-
Employer
25 791
-
13 039
-
health
198
-
100
-
pensions
4 475
-
2 262
-
accident
26
-
13
-
unemployment
167
-
85
-
total
4 866
-
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
-
-
municipal
-
1 675
-
-
national
-
-
-
-
total
-
1 675
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 837
4 775
5 689
2 817
After tax
3 663
10 725
9 811
12 683
Living cost
18 821
18 821
18 821
18 821
Free-cash
-15 158
-8 096
-9 010
-6 138

Estimated living cost  is ₴18821 per week

₴12294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
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.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6936
-₴2881
₴768
-₴3413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 636
income
-
-
-
-
social contributions
-
-
-
2 907
health
-
-
-
475
total
-
-
-
3 382
Employee
37 695
37 695
37 695
-
social contributions
1 425
3 129
1 167
-
income
4 104
3 489
4 198
-
health
292
641
239
-
total
5 821
7 259
5 604
-
Employer
37 695
37 695
37 695
-
health
317
698
260
-
social contributions
1 425
3 129
1 167
-
total
1 742
3 827
1 427
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 563
11 086
7 031
3 382
After tax
7 937
4 414
8 469
12 118
Living cost
11 350
11 350
11 350
11 350
Free-cash
-3 413
-6 936
-2 881
768

Estimated living cost  is ₴11350 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5052
₴1894
₴1819
₴2558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
15 500
income
-
-
-
992
unemployment
-
-
-
14
health
-
-
-
1 774
pensions
-
-
-
3 118
total
-
-
-
5 898
Employee

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

11 252
-
14 052
-
unemployment
56
-
71
-
pensions
1 688
-
2 108
-
income
769
-
1 001
-
health
956
-
1 194
-
total
3 469
-
4 374
-
Employer

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

11 252
-
14 052
-
health
484
-
605
-
pensions
619
-
773
-
unemployment
56
-
71
-
total
1 159
-
1 449
-
Corporate
3 090
15 500
-
-
income
278
1 395
-
-
total
278
1 395
-
-
Dividends
2 811
14 105
-
-
withholding
253
1 270
-
-
total
253
1 270
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 159
2 665
5 823
5 898
After tax
10 341
12 835
9 677
9 602
Living cost
7 783
7 783
7 783
7 783
Free-cash
2 558
5 052
1 894
1 819

Estimated living cost  is ₴7783 per week

₴4966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2960
-₴5994
-₴4692
-₴8404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
140
income
-
-
-
2 061
other
-
-
-
16
unemployment
-
-
-
109
pensions
-
-
-
4 386
total
-
-
-
6 712
Employee
18 126
-
10 281
-
other
18
-
17
-
unemployment
281
-
254
-
pensions
852
-
769
-
income
3 495
-
1 755
-
total
4 646
-
2 795
-
Employer
18 126
-
10 281
-
pensions
4 277
-
3 863
-
accident
359
-
324
-
unemployment
997
-
901
-
other
145
-
131
-
total
5 778
-
5 219
-
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
-
2 655
-
-
total
-
2 655
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 424
4 980
8 014
6 712
After tax
5 076
10 520
7 486
8 788
Living cost
13 480
13 480
13 480
13 480
Free-cash
-8 404
-2 960
-5 994
-4 692

Estimated living cost  is ₴13480 per week

₴9099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
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.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8711
₴8482
₴8550
₴8554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
4 780
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
5 989
Employee
1 464
-
14 711
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
4 743
-
health
73
-
175
-
total
503
-
5 268
-
Employer
1 464
-
14 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
13 707
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
6 057
5 989
After tax
9 515
9 672
9 443
9 511
Living cost
961
961
961
961
Free-cash
8 554
8 711
8 482
8 550

Estimated living cost  is ₴961 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
₴2718
₴213
-₴451
₴304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
15 500
income
-
-
-
1 612
unemployment
-
-
-
232
health
-
-
-
1 596
pensions
-
-
-
4 030
total
-
-
-
7 470
Employee

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

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

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

12 788
-
13 147
-
unemployment
96
-
99
-
pensions
1 790
-
1 841
-
income
1 763
-
1 835
-
health
659
-
677
-
total
4 308
-
4 452
-
Employer

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

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

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

12 788
-
13 147
-
health
659
-
677
-
pensions
1 535
-
1 578
-
unemployment
96
-
99
-
total
2 290
-
2 354
-
Corporate
423
15 500
-
-
income
63
2 325
-
-
total
63
2 325
-
-
Dividends
359
13 175
-
-
withholding
54
1 976
-
-
total
54
1 976
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 715
4 301
6 806
7 470
After tax
8 785
11 199
8 694
8 030
Living cost
8 481
8 481
8 481
8 481
Free-cash
304
2 718
213
-451

Estimated living cost  is ₴8481 per week

₴5710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴1869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4400
-₴4138
-₴4006
-₴8045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
15 500
income
-
-
-
904
surtax
-
-
-
-
social contributions

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

-
-
-
5 386
total
-
-
-
6 290
Employee
19 026
-
12 525
-
surtax
-
-
-
-
social contributions
2 093
-
1 378
-
income
3 718
-
2 069
-
total
5 811
-
3 447
-
Employer
19 026
-
12 525
-
social contributions
4 518
-
2 975
-
total
4 518
-
2 975
-
Corporate
-
15 500
-
-
income
-
3 255
-
-
surtax
-
-
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 429
-
-
total
-
3 429
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 329
6 684
6 422
6 290
After tax
5 171
8 816
9 078
9 210
Living cost
13 216
13 216
13 216
13 216
Free-cash
-8 045
-4 400
-4 138
-4 006

Estimated living cost  is ₴13216 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6708
-₴9742
-₴8440
-₴15724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
140
income
-
-
-
2 061
other
-
-
-
16
unemployment
-
-
-
109
pensions
-
-
-
4 386
total
-
-
-
6 712
Employee
23 675
-
10 281
-
other
23
-
17
-
unemployment
367
-
254
-
pensions
1 113
-
769
-
income
4 945
-
1 755
-
total
6 448
-
2 795
-
Employer
23 675
-
10 281
-
pensions
5 587
-
3 863
-
accident
469
-
324
-
unemployment
1 302
-
901
-
other
190
-
131
-
total
7 548
-
5 219
-
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
-
2 655
-
-
total
-
2 655
-
-
Income
15 500
15 500
15 500
15 500
Total tax
13 996
4 980
8 014
6 712
After tax
1 504
10 520
7 486
8 788
Living cost
17 228
17 228
17 228
17 228
Free-cash
-15 724
-6 708
-9 742
-8 440

Estimated living cost  is ₴17228 per week

₴12373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4820
₴1351
₴603
₴1830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 325
unemployment
-
-
-
62
health
-
-
-
1 783
pensions

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

-
-
-
2 294
total
-
-
-
6 464
Employee
11 167
-
12 958
-
accident

We are using the highest rate at 1.1%.

123
-
143
-
pensions

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

980
-
1 138
-
income
1 117
-
1 296
-
health
514
-
596
-
total
2 734
-
3 173
-
Employer
11 167
-
12 958
-
health
771
-
894
-
pensions

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

1 231
-
1 428
-
accident

We are using the highest rate at 1.1%.

123
-
143
-
unemployment
67
-
78
-
total
2 192
-
2 543
-
Corporate
2 143
15 500
-
-
income
214
1 550
-
-
total
214
1 550
-
-
Dividends
1 929
13 950
-
-
withholding
97
697
-
-
total
97
697
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 237
2 247
5 716
6 464
After tax
10 263
13 253
9 784
9 036
Living cost
8 433
8 433
8 433
8 433
Free-cash
1 830
4 820
1 351
603

Estimated living cost  is ₴8433 per week

₴5578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10832
-₴7456
-₴7456
-₴8892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
15 500
income

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

-
-
-
646
surtax

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

-
-
-
35
health

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

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

-
-
-
3 349
trade
-
-
-
-
total
-
-
-
4 030
Employee

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

24 391
-
15 500
-
surtax

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

111
-
35
-
income

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

2 006
-
646
-
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.

3 349
-
3 349
-
total
5 466
-
4 030
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
127
-
-
chamber of commerce
-
97
-
-
trade
-
2 224
-
-
total
-
4 773
-
-
Dividends
-
10 727
-
-
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.

-
138
-
-
withholding
-
2 495
-
-
total
-
2 633
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 466
7 406
4 030
4 030
After tax
10 034
8 094
11 470
11 470
Living cost
18 926
18 926
18 926
18 926
Free-cash
-8 892
-10 832
-7 456
-7 456

Estimated living cost  is ₴18926 per week

₴13056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17076
-₴14508
-₴14508
-₴22847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 565
social contributions
-
-
-
518
total
-
-
-
2 083
Employee
38 346
-
15 500
-
income
7 236
-
1 565
-
social contributions
3 186
-
518
-
total
10 422
-
2 083
-
Employer
38 346
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
1 938
-
-
total
-
1 938
-
-
Dividends
-
13 562
-
-
withholding
-
2 713
-
-
total
-
2 713
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 422
4 651
2 083
2 083
After tax
5 078
10 849
13 417
13 417
Living cost
27 925
27 925
27 925
27 925
Free-cash
-22 847
-17 076
-14 508
-14 508

Estimated living cost  is ₴27925 per week

₴21245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
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.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9231
-₴5749
-₴19232
-₴10704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
15 500
income
-
-
-
13 954
health

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

-
-
-
2 983
total
-
-
-
16 937
Employee
22 488
-
14 089
-
income
2 440
-
632
-
social contributions
2 253
-
1 411
-
total
4 693
-
2 043
-
Employer
22 488
-
14 089
-
social contributions
2 253
-
1 411
-
total
2 253
-
1 411
-
Corporate
-
15 500
-
-
income
-
5 425
-
-
total
-
5 425
-
-
Dividends
-
10 075
-
-
social contributions
1 463
1 511
-
-
total
1 463
1 511
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 409
6 936
3 454
16 937
After tax
7 091
8 564
12 046
-1 437
Living cost
17 795
17 795
17 795
17 795
Free-cash
-10 704
-9 231
-5 749
-19 232

Estimated living cost  is ₴17795 per week

₴11722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6522
-₴7359
-₴6199
-₴12381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 984
pensions
-
-
-
580
total
-
-
-
3 564
Employee
24 893
-
14 193
-
pensions
1 900
-
616
-
income
4 533
-
2 695
-
health
325
-
105
-
total
6 758
-
3 416
-
Employer
24 893
-
14 193
-
health
473
-
270
-
pensions
2 515
-
1 038
-
total
2 988
-
1 308
-
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
-
942
-
-
total
-
942
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 746
3 887
4 724
3 564
After tax
5 754
11 613
10 776
11 936
Living cost
18 135
18 135
18 135
18 135
Free-cash
-12 381
-6 522
-7 359
-6 199

Estimated living cost  is ₴18135 per week

₴12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10562
-₴3632
-₴1911
-₴6877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
125
income
-
-
-
2 138
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
5 593
Employee
18 590
-
12 876
-
pensions
2 093
-
1 450
-
income
2 550
-
1 766
-
health
2 128
-
1 474
-
total
6 771
-
4 690
-
Employer
18 590
-
12 876
-
pensions
3 023
-
2 094
-
accident
310
-
215
-
unemployment
455
-
315
-
total
3 788
-
2 624
-
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
10 559
14 244
7 314
5 593
After tax
4 941
1 256
8 186
9 907
Living cost
11 818
11 818
11 818
11 818
Free-cash
-6 877
-10 562
-3 632
-1 911

Estimated living cost  is ₴11818 per week

₴8673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6553
₴3065
₴3065
₴4168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
15 500
income
-
-
-
1 550
unemployment
-
-
-
186
work injury
-
-
-
78
health insurance
-
-
-
1 147
pensions
-
-
-
2 852
total
-
-
-
5 813
Employee

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

10 595
-
15 500
-
health insurance
784
-
1 147
-
unemployment
127
-
186
-
work injury
53
-
78
-
pensions
1 950
-
2 852
-
income
1 060
-
1 550
-
total
3 974
-
5 813
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 905
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
4 905
15 500
-
-
withholding
736
2 325
-
-
total
736
2 325
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 710
2 325
5 813
5 813
After tax
10 790
13 175
9 687
9 687
Living cost
6 622
6 622
6 622
6 622
Free-cash
4 168
6 553
3 065
3 065

Estimated living cost  is ₴6622 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11365
-₴11888
-₴10966
-₴25810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
social contributions
-
-
-
3 986
regional
-
-
-
199
municipal
-
-
-
103
national
-
-
-
2 649
total
-
-
-
6 937
Employee
41 309
-
15 500
-
municipal
247
-
92
-
national
6 981
-
2 363
-
regional
624
-
178
-
social contributions
13 929
-
5 226
-
total
21 781
-
7 859
-
Employer
41 309
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
747
-
-
nationa
-
3 720
-
-
total
-
4 467
-
-
Dividends
-
11 033
-
-
withholding
-
2 869
-
-
total
-
2 869
-
-
Income
15 500
15 500
15 500
15 500
Total tax
21 781
7 336
7 859
6 937
After tax
-6 281
8 164
7 641
8 563
Living cost
19 529
19 529
19 529
19 529
Free-cash
-25 810
-11 365
-11 888
-10 966

Estimated living cost  is ₴19529 per week

₴13718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
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.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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