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
-₴7225
-₴3703
-₴3703
-₴3646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
589
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.

-
-
-
32
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 041
Employee

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

19 145
-
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
-
32
-
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.

535
-
589
-
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.

3 420
-
3 420
-
total
3 984
-
4 041
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
128
-
-
chamber of commerce
-
98
-
-
trade
-
2 441
-
-
total
-
4 992
-
-
Dividends
-
10 507
-
-
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
-
2 437
-
-
total
-
2 571
-
-
Income
15 500
15 500
15 500
15 500
Total tax
3 984
7 563
4 041
4 041
After tax
11 516
7 937
11 459
11 459
Living cost
15 162
15 162
15 162
15 162
Free-cash
-3 646
-7 225
-3 703
-3 703

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16959
-₴15974
-₴16096
-₴29530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 152
national
-
-
-
1 786
pensions
-
-
-
1 860
total
-
-
-
4 965
Employee
41 284
-
13 400
-
municipal
5 099
-
1 212
-
pensions
1 651
-
536
-
national
7 902
-
1 879
-
total
14 652
-
3 627
-
Employer
41 284
-
13 400
-
pensions
3 303
-
1 072
-
social contributions
444
-
144
-
total
3 747
-
1 216
-
Corporate
-
15 500
-
-
income

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

-
3 100
-
-
total
-
3 100
-
-
Dividends
-
12 400
-
-
withholding
-
2 728
-
-
total
-
2 728
-
-
Income
15 500
15 500
15 500
15 500
Total tax
18 399
5 828
4 843
4 965
After tax
-2 899
9 672
10 657
10 535
Living cost
26 631
26 631
26 631
26 631
Free-cash
-29 530
-16 959
-15 974
-16 096

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1986
-₴1521
₴1185
-₴2650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 576
microenterprise
-
-
-
2 325
total
-
-
-
3 901
Employee
14 627
-
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.

1 609
-
1 374
-
income
2 604
-
2 224
-
total
4 213
-
3 598
-
Employer
14 627
-
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.

3 523
-
3 009
-
surtax
-
-
-
-
total
3 523
-
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
7 736
3 100
6 607
3 901
After tax
7 764
12 400
8 893
11 599
Living cost
10 414
10 414
10 414
10 414
Free-cash
-2 650
1 986
-1 521
1 185

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴31397
-₴34206
-₴12034
-₴34206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
42 746
42 746
42 746
-
pensions
7 694
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
6 561
-
total
21 252
18 443
21 252
-
Employer
42 746
42 746
42 746
-
health
2 971
2 971
2 971
-
pensions
2 975
2 975
2 975
-
unemployment
1 539
1 539
1 539
-
total
7 485
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
28 737
25 928
28 737
6 565
After tax
-13 237
-10 428
-13 237
8 935
Living cost
20 969
20 969
20 969
20 969
Free-cash
-34 206
-31 397
-34 206
-12 034

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11670
-₴11856
-₴12406
-₴22201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
accident
-
-
-
31
other
-
-
-
1 801
unemployment
-
-
-
16
health
-
-
-
967
municipal
-
-
-
3 283
national
-
-
-
-
pensions
-
-
-
1 675
total
-
-
-
7 773
Employee
28 688
-
11 794
-
municipal
8 555
-
3 517
-
national
-
-
-
-
total
8 555
-
3 517
-
Employer
28 688
-
11 794
-
health
1 764
-
725
-
pensions
3 101
-
1 275
-
accident
57
-
24
-
unemployment
757
-
311
-
other
3 334
-
1 371
-
total
9 013
-
3 706
-
Corporate
-
15 500
-
-
income
-
3 410
-
-
total
-
3 410
-
-
Dividends
-
12 090
-
-
withholding
-
3 627
-
-
total
-
3 627
-
-
Income
15 500
15 500
15 500
15 500
Total tax
17 568
7 037
7 223
7 773
After tax
-2 068
8 463
8 277
7 727
Living cost
20 133
20 133
20 133
20 133
Free-cash
-22 201
-11 670
-11 856
-12 406

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
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.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11808
-₴8205
-₴8205
-₴9885
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
589
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.

-
-
-
32
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 041
Employee

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

25 384
-
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.

120
-
32
-
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.

2 181
-
589
-
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.

3 420
-
3 420
-
total
5 721
-
4 041
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
128
-
-
chamber of commerce
-
98
-
-
trade
-
2 550
-
-
total
-
5 101
-
-
Dividends
-
10 399
-
-
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
-
2 410
-
-
total
-
2 543
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 721
7 644
4 041
4 041
After tax
9 779
7 856
11 459
11 459
Living cost
19 664
19 664
19 664
19 664
Free-cash
-9 885
-11 808
-8 205
-8 205

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12055
-₴7866
-₴4189
-₴9318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 029
income
-
-
-
-
social contributions
-
-
-
2 968
health
-
-
-
485
total
-
-
-
3 453
Employee
38 491
38 491
38 491
-
social contributions
1 870
3 195
1 168
-
income
4 042
3 563
4 295
-
health
383
654
239
-
total
6 295
7 412
5 702
-
Employer
38 491
38 491
38 491
-
health
417
712
260
-
social contributions
1 870
3 195
1 168
-
total
2 287
3 907
1 428
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 582
11 319
7 130
3 453
After tax
6 918
4 181
8 370
12 047
Living cost
16 236
16 236
16 236
16 236
Free-cash
-9 318
-12 055
-7 866
-4 189

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴113
₴15
₴1767
₴17
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
233
health
-
-
-
1 085
pensions
-
-
-
1 550
total
-
-
-
4 763
Employee

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

The minimum wage is 138,000 HUF per month.

12 948
5 153
12 971
-
unemployment
194
77
195
-
pensions
1 295
515
1 297
-
income
1 583
630
1 586
-
health
906
361
908
-
total
3 978
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.

12 948
5 153
12 971
-
pensions
2 525
1 005
2 529
-
total
2 525
1 005
2 529
-
Corporate
27
9 342
-
-
income
2
841
-
-
total
2
841
-
-
Dividends
25
8 501
-
-
social contributions
3
1 599
-
-
withholding
5
1 615
-
-
total
8
3 214
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 513
6 643
6 515
4 763
After tax
8 987
8 857
8 985
10 737
Living cost
8 970
8 970
8 970
8 970
Free-cash
17
-113
15
1 767

Estimated living cost  is ₴8970 per week

₴6121
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
₴310
-₴2016
-₴2643
-₴3500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
937
health
-
-
-
2 015
pensions
-
-
-
3 101
total
-
-
-
6 053
Employee
14 200
-
11 584
-
unemployment
227
-
185
-
pensions
284
-
232
-
income
1 599
-
1 093
-
total
2 110
-
1 510
-
Employer
14 200
-
11 584
-
health
1 846
-
1 506
-
pensions
2 840
-
2 317
-
unemployment
114
-
93
-
total
4 800
-
3 916
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
total
-
3 100
-
-
Dividends
-
12 400
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 910
3 100
5 426
6 053
After tax
8 590
12 400
10 074
9 447
Living cost
12 090
12 090
12 090
12 090
Free-cash
-3 500
310
-2 016
-2 643

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9904
-₴2974
-₴1316
-₴5631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
2 124
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
5 657
Employee
17 554
-
12 876
-
pensions
1 977
-
1 450
-
income
2 408
-
1 767
-
health
2 010
-
1 474
-
total
6 395
-
4 691
-
Employer
17 554
-
12 876
-
pensions
2 854
-
2 094
-
accident
293
-
215
-
unemployment
430
-
315
-
total
3 577
-
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
-
295
-
-
total
-
295
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 972
14 245
7 315
5 657
After tax
5 528
1 255
8 185
9 843
Living cost
11 159
11 159
11 159
11 159
Free-cash
-5 631
-9 904
-2 974
-1 316

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10699
₴8374
₴11319
₴9945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 032
-
15 500
-
income
1 006
-
3 100
-
total
1 006
-
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%.

10 468
15 500
-
-
total
-
-
-
-
Dividends
10 468
15 500
-
-
withholding
523
775
-
-
total
523
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
1 529
775
3 100
155
After tax
13 971
14 725
12 400
15 345
Living cost
4 026
4 026
4 026
4 026
Free-cash
9 945
10 699
8 374
11 319

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1950
-₴4251
-₴4945
-₴7255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 969
other
-
-
-
736
health
-
-
-
682
pensions

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

-
-
-
3 720
total
-
-
-
7 107
Employee
18 175
-
12 380
-
unemployment
181
-
123
-
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.

1 272
-
866
-
income
3 129
-
2 132
-
health
255
-
173
-
total
4 837
-
3 294
-
Employer
18 175
-
12 380
-
health
255
-
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.

3 090
-
2 105
-
accident
145
-
99
-
unemployment
181
-
123
-
other
909
-
619
-
total
4 580
-
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
9 417
4 112
6 413
7 107
After tax
6 083
11 388
9 087
8 393
Living cost
13 338
13 338
13 338
13 338
Free-cash
-7 255
-1 950
-4 251
-4 945

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21972
-₴22764
-₴21630
-₴38532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 988
pensions
-
-
-
556
total
-
-
-
3 544
Employee
47 520
-
14 216
-
pensions
4 584
-
588
-
income
8 566
-
2 705
-
health
783
-
101
-
total
13 933
-
3 394
-
Employer
47 520
-
14 216
-
health
902
-
270
-
pensions
5 611
-
1 014
-
total
6 513
-
1 284
-
Corporate
-
15 500
-
-
income

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

-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
941
-
-
total
-
941
-
-
Income
15 500
15 500
15 500
15 500
Total tax
20 446
3 886
4 678
3 544
After tax
-4 946
11 614
10 822
11 956
Living cost
33 586
33 586
33 586
33 586
Free-cash
-38 532
-21 972
-22 764
-21 630

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6690
₴3223
₴2473
₴4363
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 690
-
12 958
-
accident

We are using the highest rate at 1.1%.

96
-
142
-
pensions

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

763
-
1 138
-
income
869
-
1 296
-
health
400
-
596
-
total
2 128
-
3 172
-
Employer
8 690
-
12 958
-
health
600
-
894
-
pensions

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

958
-
1 428
-
accident

We are using the highest rate at 1.1%.

96
-
142
-
unemployment
52
-
78
-
total
1 706
-
2 542
-
Corporate
5 104
15 500
-
-
income
510
1 550
-
-
total
510
1 550
-
-
Dividends
4 594
13 950
-
-
withholding
230
697
-
-
total
230
697
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 574
2 247
5 714
6 464
After tax
10 926
13 253
9 786
9 036
Living cost
6 563
6 563
6 563
6 563
Free-cash
4 363
6 690
3 223
2 473

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴38185
-₴40994
-₴18822
-₴39035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
46 408
42 746
42 746
-
pensions
5 865
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
6 561
-
total
18 652
18 443
21 252
-
Employer
46 408
42 746
42 746
-
health
3 225
2 971
2 971
-
pensions
3 230
2 975
2 975
-
unemployment
1 671
1 539
1 539
-
total
8 126
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
26 778
25 928
28 737
6 565
After tax
-11 278
-10 428
-13 237
8 935
Living cost
27 757
27 757
27 757
27 757
Free-cash
-39 035
-38 185
-40 994
-18 822

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1585
-₴4392
-₴4708
-₴8653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 332
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
health
-
-
-
2 093
total
-
-
-
7 951
Employee
18 025
-
11 567
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
752
-
income
2 163
-
1 388
-
health
2 433
-
1 562
-
total
5 768
-
3 702
-
Employer
18 025
-
11 567
-
health
1 622
-
1 041
-
social contributions
4 506
-
2 892
-
total
6 128
-
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
11 896
4 828
7 635
7 951
After tax
3 604
10 672
7 865
7 549
Living cost
12 257
12 257
12 257
12 257
Free-cash
-8 653
-1 585
-4 392
-4 708

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12852
-₴13420
-₴12491
-₴28988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
social contributions
-
-
-
3 987
regional
-
-
-
142
municipal
-
-
-
92
national
-
-
-
2 648
total
-
-
-
6 869
Employee
44 487
-
15 500
-
municipal
236
-
83
-
national
7 709
-
2 363
-
regional
420
-
126
-
social contributions
15 001
-
5 226
-
total
23 366
-
7 798
-
Employer
44 487
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
604
-
-
nationa
-
3 720
-
-
total
-
4 324
-
-
Dividends
-
11 176
-
-
withholding
-
2 906
-
-
total
-
2 906
-
-
Income
15 500
15 500
15 500
15 500
Total tax
23 366
7 230
7 798
6 869
After tax
-7 866
8 270
7 702
8 631
Living cost
21 122
21 122
21 122
21 122
Free-cash
-28 988
-12 852
-13 420
-12 491

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1296
-₴2461
-₴2097
-₴4538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 237
other
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
114
health
-
-
-
1 100
pensions
-
-
-
3 100
total
-
-
-
6 551
Employee
16 553
-
12 804
-
other
-
-
-
-
unemployment
1 152
-
891
-
pensions
1 104
-
854
-
surtax
54
-
-
-
income
2 775
-
2 147
-
health
423
-
327
-
total
5 508
-
4 219
-
Employer
16 553
-
12 804
-
health
753
-
583
-
pensions
2 207
-
1 707
-
unemployment
524
-
406
-
other
-
-
-
-
total
3 484
-
2 696
-
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
8 992
5 750
6 915
6 551
After tax
6 508
9 750
8 585
8 949
Living cost
11 046
11 046
11 046
11 046
Free-cash
-4 538
-1 296
-2 461
-2 097

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
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.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11331
-₴12123
-₴10989
-₴20398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 988
pensions
-
-
-
556
total
-
-
-
3 544
Employee
31 846
-
14 216
-
pensions
2 703
-
588
-
income
5 736
-
2 705
-
health
462
-
101
-
total
8 901
-
3 394
-
Employer
31 846
-
14 216
-
health
605
-
270
-
pensions
3 447
-
1 014
-
total
4 052
-
1 284
-
Corporate
-
15 500
-
-
income

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

-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
941
-
-
total
-
941
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 953
3 886
4 678
3 544
After tax
2 547
11 614
10 822
11 956
Living cost
22 945
22 945
22 945
22 945
Free-cash
-20 398
-11 331
-12 123
-10 989

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴32513
-₴27759
-₴26287
-₴35261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
157
health
-
-
-
129
city
-
-
-
163
national
-
-
-
-
pensions
-
-
-
1 426
total
-
-
-
2 185
Employee
46 345
-
13 509
-
unemployment
-
-
-
-
pensions
3 894
-
1 541
-
national
219
-
-
-
regional
1 518
-
102
-
city
497
-
140
-
health
105
-
31
-
total
6 233
-
1 814
-
Employer
46 345
-
13 509
-
health
105
-
31
-
pensions
3 894
-
1 541
-
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.

927
-
271
-
total
4 926
-
1 843
-
Corporate
-
15 500
-
-
regional
-
3 278
-
-
national
-
1 317
-
-
total
-
4 595
-
-
Dividends
-
10 905
-
-
withholding
-
3 816
-
-
total
-
3 816
-
-
Income
15 500
15 500
15 500
15 500
Total tax
11 159
8 411
3 657
2 185
After tax
4 341
7 089
11 843
13 315
Living cost
39 602
39 602
39 602
39 602
Free-cash
-35 261
-32 513
-27 759
-26 287

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴15153
-₴11472
-₴11472
-₴14583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
589
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.

-
-
-
32
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 041
Employee

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

30 083
-
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.

195
-
32
-
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.

3 537
-
589
-
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.

3 420
-
3 420
-
total
7 152
-
4 041
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
128
-
-
chamber of commerce
-
98
-
-
trade
-
2 658
-
-
total
-
5 209
-
-
Dividends
-
10 291
-
-
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
-
2 382
-
-
total
-
2 513
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 152
7 722
4 041
4 041
After tax
8 348
7 778
11 459
11 459
Living cost
22 931
22 931
22 931
22 931
Free-cash
-14 583
-15 153
-11 472
-11 472

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9315
-₴7091
-₴7539
-₴12613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32
other
-
-
-
481
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
135
pensions
-
-
-
4 823
total
-
-
-
5 913
Employee
21 423
-
11 812
-
pensions
2 422
-
1 337
-
surtax
-
-
-
-
social contributions
611
-
336
-
income
1 264
-
103
-
total
4 297
-
1 776
-
Employer
21 423
-
11 812
-
health
1 500
-
826
-
pensions
3 519
-
1 941
-
unemployment
867
-
479
-
social contributions
65
-
35
-
other
739
-
408
-
total
6 690
-
3 689
-
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
10 987
7 689
5 465
5 913
After tax
4 513
7 811
10 035
9 587
Living cost
17 126
17 126
17 126
17 126
Free-cash
-12 613
-9 315
-7 091
-7 539

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
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.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7618
-₴5394
-₴5842
-₴9594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32
other
-
-
-
481
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
135
pensions
-
-
-
4 823
total
-
-
-
5 913
Employee
19 123
-
11 812
-
pensions
2 163
-
1 337
-
surtax
-
-
-
-
social contributions
545
-
336
-
income
986
-
103
-
total
3 694
-
1 776
-
Employer
19 123
-
11 812
-
health
1 338
-
826
-
pensions
3 142
-
1 941
-
unemployment
774
-
479
-
social contributions
57
-
35
-
other
660
-
408
-
total
5 971
-
3 689
-
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
9 665
7 689
5 465
5 913
After tax
5 835
7 811
10 035
9 587
Living cost
15 429
15 429
15 429
15 429
Free-cash
-9 594
-7 618
-5 394
-5 842

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1158
-₴828
-₴660
-₴2787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 972
-
15 500
-
social contributions
2 342
-
2 139
-
income
2 831
-
2 493
-
health
1 185
-
1 082
-
total
6 358
-
5 714
-
Employer
16 972
-
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
873
2 032
-
-
withholding
-
2 209
-
-
health
442
1 028
-
-
total
1 315
5 269
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 673
6 044
5 714
5 546
After tax
7 827
9 456
9 786
9 954
Living cost
10 614
10 614
10 614
10 614
Free-cash
-2 787
-1 158
-828
-660

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13534
-₴12566
-₴9422
-₴17287
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
62
health
-
-
-
1 185
pensions
-
-
-
2 868
total
-
-
-
7 284
Employee
25 016
19 948
19 948
-
other
250
199
115
-
unemployment
750
598
345
-
pensions
2 562
2 042
1 175
-
income
2 848
1 471
1 932
-
health
968
772
445
-
total
7 378
5 082
4 012
-
Employer
25 016
19 948
19 948
-
chamber of commerce
100
80
80
-
health
945
754
434
-
pensions
3 139
2 504
1 440
-
accident
325
259
149
-
unemployment
750
598
345
-
surtax
99
99
99
-
payroll
750
598
598
-
other
1 188
947
876
-
total
7 296
5 839
4 021
-
Corporate
1 900
1 900
9 579
-
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.

475
475
2 395
-
total
475
475
2 395
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
15 149
11 396
10 428
7 284
After tax
351
4 104
5 072
8 216
Living cost
17 638
17 638
17 638
17 638
Free-cash
-17 287
-13 534
-12 566
-9 422

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9432
-₴11050
-₴8292
-₴30728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
897
social contributions
-
-
-
552
national
-
-
-
4 092
total
-
-
-
5 541
Employee

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

35 805
-
12 004
-
unemployment

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

312
-
104
-
communal

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

1 868
-
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.

2 685
-
901
-
national
11 008
-
2 608
-
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.

1 682
-
564
-
total
17 555
-
4 803
-
Employer

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

35 805
-
12 004
-
health

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

2 202
-
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.

3 173
-
1 064
-
accident

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

465
-
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.

522
-
176
-
surtax
4 060
-
1 362
-
total
10 422
-
3 496
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
surtax
-
62
-
-
total
-
3 162
-
-
Dividends
-
12 339
-
-
withholding

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

-
3 519
-
-
total
-
3 519
-
-
Income
15 500
15 500
15 500
15 500
Total tax
27 977
6 681
8 299
5 541
After tax
-12 477
8 819
7 201
9 959
Living cost
18 251
18 251
18 251
18 251
Free-cash
-30 728
-9 432
-11 050
-8 292

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7555
-₴10700
-₴9288
-₴17360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15
unemployment
-
-
-
108
pensions
-
-
-
4 387
total
-
-
-
6 711
Employee
24 917
-
10 171
-
other
25
-
17
-
unemployment
387
-
259
-
pensions
1 171
-
786
-
income
5 257
-
1 731
-
total
6 840
-
2 793
-
Employer
24 917
-
10 171
-
pensions
5 880
-
3 945
-
accident
493
-
331
-
unemployment
1 371
-
920
-
other
199
-
134
-
total
7 943
-
5 330
-
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
-
2 653
-
-
total
-
2 653
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 783
4 978
8 123
6 711
After tax
717
10 522
7 377
8 789
Living cost
18 077
18 077
18 077
18 077
Free-cash
-17 360
-7 555
-10 700
-9 288

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16597
-₴18195
-₴18193
-₴26935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
215
income
-
-
-
-
surtax
-
-
-
678
health
-
-
-
1 786
pensions
-
-
-
3 811
total
-
-
-
6 490
Employee
37 907
-
12 653
-
pensions
3 032
-
1 906
-
surtax
2 323
-
678
-
income
3 661
-
-
-
health
1 687
-
1 060
-
total
10 703
-
3 644
-
Employer
37 907
-
12 653
-
health
1 156
-
727
-
pensions
3 032
-
1 906
-
accident
341
-
215
-
total
4 529
-
2 848
-
Corporate
-
15 500
-
-
communal
-
-
-
-
income
-
2 325
-
-
surtax
-
162
-
-
total
-
2 487
-
-
Dividends
-
13 012
-
-
income
-
455
-
-
withholding
-
1 952
-
-
total
-
2 407
-
-
Income
15 500
15 500
15 500
15 500
Total tax
15 232
4 894
6 492
6 490
After tax
268
10 606
9 008
9 010
Living cost
27 203
27 203
27 203
27 203
Free-cash
-26 935
-16 597
-18 195
-18 193

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1493
-₴2658
-₴2294
-₴4906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
2 237
other
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
114
health
-
-
-
1 100
pensions
-
-
-
3 100
total
-
-
-
6 551
Employee
16 857
-
12 804
-
other
-
-
-
-
unemployment
1 173
-
891
-
pensions
1 125
-
854
-
surtax
60
-
-
-
income
2 826
-
2 147
-
health
430
-
327
-
total
5 614
-
4 219
-
Employer
16 857
-
12 804
-
health
767
-
583
-
pensions
2 247
-
1 707
-
unemployment
535
-
406
-
other
-
-
-
-
total
3 549
-
2 696
-
Corporate
-
15 500
-
-
income
-
4 030
-
-
total
-
4 030
-
-
Dividends
-
11 470
-
-
withholding
-
1 720
-
-
total
-
1 720
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 163
5 750
6 915
6 551
After tax
6 337
9 750
8 585
8 949
Living cost
11 243
11 243
11 243
11 243
Free-cash
-4 906
-1 493
-2 658
-2 294

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5336
-₴5865
-₴4945
-₴12267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
social contributions
-
-
-
3 987
regional
-
-
-
234
municipal
-
-
-
92
national
-
-
-
2 648
total
-
-
-
6 961
Employee
27 767
-
15 500
-
municipal
147
-
83
-
national
4 399
-
2 363
-
regional
374
-
209
-
social contributions
9 363
-
5 226
-
total
14 283
-
7 881
-
Employer
27 767
-
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
14 283
7 352
7 881
6 961
After tax
1 217
8 148
7 619
8 539
Living cost
13 484
13 484
13 484
13 484
Free-cash
-12 267
-5 336
-5 865
-4 945

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4432
-₴7239
-₴7555
-₴14264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
1 332
social contributions
-
-
-
4 526
solidarity contribution
-
-
-
-
health
-
-
-
2 093
total
-
-
-
7 951
Employee
22 212
-
11 567
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
752
-
income
2 665
-
1 388
-
health
2 999
-
1 562
-
total
7 108
-
3 702
-
Employer
22 212
-
11 567
-
health
1 999
-
1 041
-
social contributions
5 553
-
2 892
-
total
7 552
-
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
14 660
4 828
7 635
7 951
After tax
840
10 672
7 865
7 549
Living cost
15 104
15 104
15 104
15 104
Free-cash
-14 264
-4 432
-7 239
-7 555

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11767
-₴10846
-₴7655
-₴13150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 070
chamber of commerce
-
-
-
62
health
-
-
-
1 185
pensions
-
-
-
2 868
total
-
-
-
7 185
Employee
21 881
19 948
19 948
-
other
218
199
116
-
unemployment
656
598
347
-
pensions
2 241
2 042
1 184
-
income
1 949
1 471
1 927
-
health
846
772
447
-
total
5 910
5 082
4 021
-
Employer
21 881
19 948
19 948
-
chamber of commerce
87
80
80
-
health
827
754
437
-
pensions
2 746
2 504
1 451
-
accident
284
259
150
-
unemployment
656
598
347
-
surtax
-
-
-
-
payroll
656
598
598
-
other
1 039
947
876
-
total
6 295
5 740
3 939
-
Corporate
1 900
1 900
9 662
-
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.

475
475
2 416
-
total
475
475
2 416
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 680
11 297
10 376
7 185
After tax
2 820
4 203
5 124
8 315
Living cost
15 970
15 970
15 970
15 970
Free-cash
-13 150
-11 767
-10 846
-7 655

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8452
₴6127
₴9072
₴7276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
15 500
-
income
1 568
-
3 100
-
total
1 568
-
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%.

7 658
15 500
-
-
total
-
-
-
-
Dividends
7 658
15 500
-
-
withholding
383
775
-
-
total
383
775
-
-
Income
15 500
15 500
15 500
15 500
Total tax
1 951
775
3 100
155
After tax
13 549
14 725
12 400
15 345
Living cost
6 273
6 273
6 273
6 273
Free-cash
7 276
8 452
6 127
9 072

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2755
-₴4960
-₴4469
-₴10081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 164
unemployment
-
-
-
23
health
-
-
-
1 525
pensions
-
-
-
2 831
total
-
-
-
6 543
Employee

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

22 135
-
13 412
-
unemployment
31
-
19
-
pensions
3 431
-
2 078
-
income
3 817
-
1 983
-
health
1 430
-
866
-
total
8 709
-
4 946
-
Employer

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

22 135
-
13 412
-
health
1 474
-
893
-
pensions
1 959
-
1 187
-
unemployment
13
-
8
-
total
3 446
-
2 088
-
Corporate
-
15 500
-
-
income
-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
1 884
-
-
total
-
1 884
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 155
4 829
7 034
6 543
After tax
3 345
10 671
8 466
8 957
Living cost
13 426
13 426
13 426
13 426
Free-cash
-10 081
-2 755
-4 960
-4 469

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11950
-₴12832
-₴10668
-₴58381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 656
-
2 331
-
social contributions
2 514
-
358
-
income
6 762
-
434
-
total
9 276
-
792
-
Employer
30 656
-
2 331
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
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
52 501
6 070
6 952
4 788
After tax
-37 001
9 430
8 548
10 712
Living cost
21 380
21 380
21 380
21 380
Free-cash
-58 381
-11 950
-12 832
-10 668

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6884
-₴6598
-₴6491
-₴12990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
23 022
-
12 525
-
surtax
-
-
-
-
social contributions
2 532
-
1 377
-
income
4 789
-
2 045
-
total
7 321
-
3 422
-
Employer
23 022
-
12 525
-
social contributions
5 468
-
2 975
-
total
5 468
-
2 975
-
Corporate
-
15 500
-
-
income
-
3 255
-
-
surtax
-
-
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 428
-
-
total
-
3 428
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 789
6 683
6 397
6 290
After tax
2 711
8 817
9 103
9 210
Living cost
15 701
15 701
15 701
15 701
Free-cash
-12 990
-6 884
-6 598
-6 491

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴16365
-₴14141
-₴14589
-₴25641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32
other
-
-
-
481
surtax
-
-
-
-
social contributions
-
-
-
442
health
-
-
-
135
pensions
-
-
-
4 823
total
-
-
-
5 913
Employee
31 351
-
11 812
-
pensions
3 546
-
1 337
-
surtax
-
-
-
-
social contributions
893
-
336
-
income
2 735
-
103
-
total
7 174
-
1 776
-
Employer
31 351
-
11 812
-
health
2 194
-
826
-
pensions
5 151
-
1 941
-
unemployment
1 270
-
479
-
social contributions
94
-
35
-
other
1 082
-
408
-
total
9 791
-
3 689
-
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
16 965
7 689
5 465
5 913
After tax
-1 465
7 811
10 035
9 587
Living cost
24 176
24 176
24 176
24 176
Free-cash
-25 641
-16 365
-14 141
-14 589

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1097
-₴2499
-₴2957
-₴3087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
income
-
-
-
-
social contributions
-
-
-
3 410
total
-
-
-
3 410
Employee
16 093
-
13 420
-
income
-
-
-
-
social contributions
1 046
-
872
-
total
1 046
-
872
-
Employer
16 093
-
13 420
-
social contributions
2 494
-
2 080
-
total
2 494
-
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
3 540
1 550
2 952
3 410
After tax
11 960
13 950
12 548
12 090
Living cost
15 047
15 047
15 047
15 047
Free-cash
-3 087
-1 097
-2 499
-2 957

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴93559
-₴93559
-₴13193
-₴93559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 205
municipal
-
-
-
1 830
national
-
-
-
1 117
pensions
-
-
-
434
total
-
-
-
4 586
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
84 952
84 952
84 952
4 586
After tax
-69 452
-69 452
-69 452
10 914
Living cost
24 107
24 107
24 107
24 107
Free-cash
-93 559
-93 559
-93 559
-13 193

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9740
-₴2810
-₴1152
-₴5321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
2 124
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
5 657
Employee
17 296
-
12 876
-
pensions
1 948
-
1 450
-
income
2 373
-
1 767
-
health
1 980
-
1 474
-
total
6 301
-
4 691
-
Employer
17 296
-
12 876
-
pensions
2 812
-
2 094
-
accident
289
-
215
-
unemployment
424
-
315
-
total
3 525
-
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
-
295
-
-
total
-
295
-
-
Income
15 500
15 500
15 500
15 500
Total tax
9 826
14 245
7 315
5 657
After tax
5 674
1 255
8 185
9 843
Living cost
10 995
10 995
10 995
10 995
Free-cash
-5 321
-9 740
-2 810
-1 152

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8492
-₴9410
-₴6532
-₴15805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29
municipal
-
-
-
2 785
national
-
-
-
-
total
-
-
-
2 814
Employee
26 336
-
13 039
-
municipal
4 314
-
2 153
-
unemployment
395
-
196
-
pensions
1 777
-
881
-
national
435
-
-
-
health
197
-
-
-
total
7 118
-
3 230
-
Employer
26 336
-
13 039
-
health
202
-
101
-
pensions
4 569
-
2 263
-
accident
27
-
13
-
unemployment
171
-
85
-
total
4 969
-
2 462
-
Corporate
-
15 500
-
-
income
-
3 100
-
-
total
-
3 100
-
-
Dividends

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

-
9 300
-
-
municipal
-
1 674
-
-
national
-
-
-
-
total
-
1 674
-
-
Income
15 500
15 500
15 500
15 500
Total tax
12 087
4 774
5 692
2 814
After tax
3 413
10 726
9 808
12 686
Living cost
19 218
19 218
19 218
19 218
Free-cash
-15 805
-8 492
-9 410
-6 532

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
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.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7408
-₴3219
₴458
-₴3812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 029
income
-
-
-
-
social contributions
-
-
-
2 968
health
-
-
-
485
total
-
-
-
3 453
Employee
38 491
38 491
38 491
-
social contributions
1 455
3 195
1 168
-
income
4 191
3 563
4 295
-
health
298
654
239
-
total
5 944
7 412
5 702
-
Employer
38 491
38 491
38 491
-
health
324
712
260
-
social contributions
1 455
3 195
1 168
-
total
1 779
3 907
1 428
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
15 500
15 500
15 500
15 500
Total tax
7 723
11 319
7 130
3 453
After tax
7 777
4 181
8 370
12 047
Living cost
11 589
11 589
11 589
11 589
Free-cash
-3 812
-7 408
-3 219
458

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4889
₴1737
₴1567
₴2340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
977
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
5 986
Employee

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

11 490
-
14 052
-
unemployment
57
-
70
-
pensions
1 723
-
2 108
-
income
786
-
997
-
health
977
-
1 194
-
total
3 543
-
4 369
-
Employer

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

11 490
-
14 052
-
health
494
-
604
-
pensions
632
-
773
-
unemployment
57
-
70
-
total
1 183
-
1 447
-
Corporate
2 828
15 500
-
-
income
255
1 395
-
-
total
255
1 395
-
-
Dividends
2 573
14 105
-
-
withholding
232
1 269
-
-
total
232
1 269
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 213
2 664
5 816
5 986
After tax
10 287
12 836
9 684
9 514
Living cost
7 947
7 947
7 947
7 947
Free-cash
2 340
4 889
1 737
1 567

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3243
-₴6388
-₴4976
-₴8909
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15
unemployment
-
-
-
108
pensions
-
-
-
4 387
total
-
-
-
6 711
Employee
18 509
-
10 171
-
other
18
-
17
-
unemployment
287
-
259
-
pensions
870
-
786
-
income
3 568
-
1 731
-
total
4 743
-
2 793
-
Employer
18 509
-
10 171
-
pensions
4 368
-
3 945
-
accident
367
-
331
-
unemployment
1 018
-
920
-
other
148
-
134
-
total
5 901
-
5 330
-
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
-
2 653
-
-
total
-
2 653
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 644
4 978
8 123
6 711
After tax
4 856
10 522
7 377
8 789
Living cost
13 765
13 765
13 765
13 765
Free-cash
-8 909
-3 243
-6 388
-4 976

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8661
₴8398
₴8470
₴8495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 746
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
6 019
Employee
1 540
-
14 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
4 708
-
health
77
-
184
-
total
529
-
5 261
-
Employer
1 540
-
14 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
13 613
15 500
-
-
income
2 995
3 410
-
-
total
2 995
3 410
-
-
Dividends
10 618
12 090
-
-
withholding
2 124
2 418
-
-
total
2 124
2 418
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 994
5 828
6 091
6 019
After tax
9 506
9 672
9 409
9 481
Living cost
1 011
1 011
1 011
1 011
Free-cash
8 495
8 661
8 398
8 470

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2538
₴50
-₴616
₴74
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 595
unemployment
-
-
-
233
health
-
-
-
1 597
pensions
-
-
-
4 030
total
-
-
-
7 455
Employee

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

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

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

13 060
-
13 147
-
unemployment
98
-
99
-
pensions
1 828
-
1 841
-
income
1 800
-
1 818
-
health
673
-
677
-
total
4 399
-
4 435
-
Employer

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

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

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

13 060
-
13 147
-
health
673
-
677
-
pensions
1 567
-
1 578
-
unemployment
98
-
99
-
total
2 338
-
2 354
-
Corporate
102
15 500
-
-
income
15
2 325
-
-
total
15
2 325
-
-
Dividends
87
13 175
-
-
withholding
13
1 976
-
-
total
13
1 976
-
-
Income
15 500
15 500
15 500
15 500
Total tax
6 765
4 301
6 789
7 455
After tax
8 735
11 199
8 711
8 045
Living cost
8 661
8 661
8 661
8 661
Free-cash
74
2 538
50
-616

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4678
-₴4392
-₴4285
-₴8542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
19 428
-
12 525
-
surtax
-
-
-
-
social contributions
2 137
-
1 377
-
income
3 796
-
2 045
-
total
5 933
-
3 422
-
Employer
19 428
-
12 525
-
social contributions
4 614
-
2 975
-
total
4 614
-
2 975
-
Corporate
-
15 500
-
-
income
-
3 255
-
-
surtax
-
-
-
-
total
-
3 255
-
-
Dividends
-
12 245
-
-
withholding
-
3 428
-
-
total
-
3 428
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 547
6 683
6 397
6 290
After tax
4 953
8 817
9 103
9 210
Living cost
13 495
13 495
13 495
13 495
Free-cash
-8 542
-4 678
-4 392
-4 285

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7070
-₴10215
-₴8803
-₴16383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15
unemployment
-
-
-
108
pensions
-
-
-
4 387
total
-
-
-
6 711
Employee
24 175
-
10 171
-
other
24
-
17
-
unemployment
374
-
259
-
pensions
1 136
-
786
-
income
5 049
-
1 731
-
total
6 583
-
2 793
-
Employer
24 175
-
10 171
-
pensions
5 705
-
3 945
-
accident
479
-
331
-
unemployment
1 330
-
920
-
other
194
-
134
-
total
7 708
-
5 330
-
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
-
2 653
-
-
total
-
2 653
-
-
Income
15 500
15 500
15 500
15 500
Total tax
14 291
4 978
8 123
6 711
After tax
1 209
10 522
7 377
8 789
Living cost
17 592
17 592
17 592
17 592
Free-cash
-16 383
-7 070
-10 215
-8 803

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4642
₴1175
₴425
₴1592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
11 402
-
12 958
-
accident

We are using the highest rate at 1.1%.

125
-
142
-
pensions

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

1 001
-
1 138
-
income
1 140
-
1 296
-
health
525
-
596
-
total
2 791
-
3 172
-
Employer
11 402
-
12 958
-
health
787
-
894
-
pensions

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

1 256
-
1 428
-
accident

We are using the highest rate at 1.1%.

125
-
142
-
unemployment
68
-
78
-
total
2 236
-
2 542
-
Corporate
1 861
15 500
-
-
income
186
1 550
-
-
total
186
1 550
-
-
Dividends
1 675
13 950
-
-
withholding
84
697
-
-
total
84
697
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 297
2 247
5 714
6 464
After tax
10 203
13 253
9 786
9 036
Living cost
8 611
8 611
8 611
8 611
Free-cash
1 592
4 642
1 175
425

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Sofia model

Close
Berlin , Germany
-₴11230
-₴7866
-₴7866
-₴9406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
589
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.

-
-
-
32
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 041
Employee

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

24 906
-
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.

113
-
32
-
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.

2 048
-
589
-
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.

3 420
-
3 420
-
total
5 581
-
4 041
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
2 325
-
-
surtax

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

-
128
-
-
chamber of commerce
-
99
-
-
trade
-
2 225
-
-
total
-
4 777
-
-
Dividends
-
10 723
-
-
surtax

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

-
137
-
-
withholding
-
2 491
-
-
total
-
2 628
-
-
Income
15 500
15 500
15 500
15 500
Total tax
5 581
7 405
4 041
4 041
After tax
9 919
8 095
11 459
11 459
Living cost
19 325
19 325
19 325
19 325
Free-cash
-9 406
-11 230
-7 866
-7 866

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
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.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-₴17664
-₴15055
-₴15055
-₴23655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 532
social contributions
-
-
-
509
total
-
-
-
2 041
Employee
39 155
-
15 500
-
income
7 388
-
1 532
-
social contributions
3 253
-
509
-
total
10 641
-
2 041
-
Employer
39 155
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
income
-
1 938
-
-
total
-
1 938
-
-
Dividends
-
13 562
-
-
withholding
-
2 712
-
-
total
-
2 712
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 641
4 650
2 041
2 041
After tax
4 859
10 850
13 459
13 459
Living cost
28 514
28 514
28 514
28 514
Free-cash
-23 655
-17 664
-15 055
-15 055

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
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.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9606
-₴6100
-₴19948
-₴11258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
15 500
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
14 088
-
income
2 492
-
605
-
social contributions
2 301
-
1 412
-
total
4 793
-
2 017
-
Employer
22 963
-
14 088
-
social contributions
2 301
-
1 412
-
total
2 301
-
1 412
-
Corporate
-
15 500
-
-
income
-
5 425
-
-
total
-
5 425
-
-
Dividends
-
10 075
-
-
social contributions
1 494
1 511
-
-
total
1 494
1 511
-
-
Income
15 500
15 500
15 500
15 500
Total tax
8 588
6 936
3 429
17 277
After tax
6 912
8 564
12 071
-1 777
Living cost
18 170
18 170
18 170
18 170
Free-cash
-11 258
-9 606
-6 100
-19 948

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7040
-₴7832
-₴6698
-₴13179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 988
pensions
-
-
-
556
total
-
-
-
3 544
Employee
25 605
-
14 216
-
pensions
1 954
-
588
-
income
4 663
-
2 705
-
health
334
-
101
-
total
6 951
-
3 394
-
Employer
25 605
-
14 216
-
health
487
-
270
-
pensions
2 587
-
1 014
-
total
3 074
-
1 284
-
Corporate
-
15 500
-
-
income

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

-
2 945
-
-
total
-
2 945
-
-
Dividends
-
12 555
-
-
withholding
-
941
-
-
total
-
941
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 025
3 886
4 678
3 544
After tax
5 475
11 614
10 822
11 956
Living cost
18 654
18 654
18 654
18 654
Free-cash
-13 179
-7 040
-7 832
-6 698

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
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.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10828
-₴3898
-₴2240
-₴7381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
2 124
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
5 657
Employee
19 008
-
12 876
-
pensions
2 140
-
1 450
-
income
2 608
-
1 767
-
health
2 176
-
1 474
-
total
6 924
-
4 691
-
Employer
19 008
-
12 876
-
pensions
3 091
-
2 094
-
accident
317
-
215
-
unemployment
466
-
315
-
total
3 874
-
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
-
295
-
-
total
-
295
-
-
Income
15 500
15 500
15 500
15 500
Total tax
10 798
14 245
7 315
5 657
After tax
4 702
1 255
8 185
9 843
Living cost
12 083
12 083
12 083
12 083
Free-cash
-7 381
-10 828
-3 898
-2 240

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6411
₴2924
₴2924
₴3976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

10 822
-
15 500
-
health insurance
801
-
1 147
-
unemployment
130
-
186
-
work injury
54
-
77
-
pensions
1 991
-
2 852
-
income
1 082
-
1 550
-
total
4 058
-
5 812
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 678
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
4 678
15 500
-
-
withholding
702
2 325
-
-
total
702
2 325
-
-
Income
15 500
15 500
15 500
15 500
Total tax
4 760
2 325
5 812
5 812
After tax
10 740
13 175
9 688
9 688
Living cost
6 764
6 764
6 764
6 764
Free-cash
3 976
6 411
2 924
2 924

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11777
-₴12300
-₴11379
-₴26681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
15 500
social contributions
-
-
-
3 987
regional
-
-
-
199
municipal
-
-
-
104
national
-
-
-
2 648
total
-
-
-
6 938
Employee
42 180
-
15 500
-
municipal
252
-
92
-
national
7 128
-
2 363
-
regional
637
-
178
-
social contributions
14 223
-
5 226
-
total
22 240
-
7 859
-
Employer
42 180
-
15 500
-
total
-
-
-
-
Corporate
-
15 500
-
-
municipal
-
747
-
-
nationa
-
3 720
-
-
total
-
4 467
-
-
Dividends
-
11 034
-
-
withholding
-
2 869
-
-
total
-
2 869
-
-
Income
15 500
15 500
15 500
15 500
Total tax
22 240
7 336
7 859
6 938
After tax
-6 740
8 164
7 641
8 562
Living cost
19 941
19 941
19 941
19 941
Free-cash
-26 681
-11 777
-12 300
-11 379

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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[[ row[2] ]] [[ row[0] ]]

Estimated living cost

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