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
₴ 16000
per

Your estimated
City
free-cash

Dresden , Germany
-₴4839
-₴425
-₴314
-₴314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
trade
-
-
-
-
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.

-
-
-
353
health

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

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

-
-
-
2 934
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.

-
-
-
20
total
-
-
-
3 307
Employee

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

16 425
-
16 000
-
health

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

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

2 934
-
2 934
-
surtax

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

25
-
20
-
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.

459
-
353
-
total
3 418
-
3 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
16 000
-
-
surtax

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

-
132
-
-
income
-
2 400
-
-
trade
-
2 520
-
-
chamber of commerce
-
88
-
-
total
-
5 140
-
-
Dividends
-
10 860
-
-
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.

-
140
-
-
withholding
-
2 552
-
-
total
-
2 692
-
-
Income
16 000
16 000
16 000
16 000
Total tax
3 418
7 832
3 307
3 307
After tax
12 582
8 168
12 693
12 693
Living cost
13 007
13 007
13 007
13 007
Free-cash
-425
-4 839
-314
-314

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11683
-₴20637
-₴11157
-₴11032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
municipal
-
-
-
1 333
pensions
-
-
-
1 920
national
-
-
-
2 065
social contributions
-
-
-
172
total
-
-
-
5 490
Employee
33 588
-
13 832
-
municipal
4 149
-
1 395
-
pensions
1 344
-
553
-
national
6 429
-
2 161
-
total
11 922
-
4 109
-
Employer
33 588
-
13 832
-
social contributions
361
-
149
-
pensions
2 687
-
1 107
-
total
3 048
-
1 256
-
Corporate
-
16 000
-
-
income

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

-
3 200
-
-
total
-
3 200
-
-
Dividends
-
12 800
-
-
withholding
-
2 816
-
-
total
-
2 816
-
-
Income
16 000
16 000
16 000
16 000
Total tax
14 970
6 016
5 365
5 490
After tax
1 030
9 984
10 635
10 510
Living cost
21 667
21 667
21 667
21 667
Free-cash
-20 637
-11 683
-11 032
-11 157

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
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.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3866
₴342
₴3314
₴247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
microenterprise
-
-
-
2 400
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.

-
-
-
1 352
total
-
-
-
3 752
Employee
12 548
-
12 893
-
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.

1 381
-
1 418
-
surtax
-
-
-
-
income
2 234
-
2 295
-
total
3 615
-
3 713
-
Employer
12 548
-
12 893
-
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.

3 023
-
3 106
-
surtax
-
-
-
-
total
3 023
-
3 106
-
Corporate
429
16 000
-
-
income

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

86
3 200
-
-
total
86
3 200
-
-
Dividends

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

344
12 800
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
6 724
3 200
6 819
3 752
After tax
9 276
12 800
9 181
12 248
Living cost
8 934
8 934
8 934
8 934
Free-cash
342
3 866
247
3 314

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24233
-₴26644
-₴8766
-₴26644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
1 440
pensions
-
-
-
2 880
health
-
-
-
2 456
total
-
-
-
6 776
Employee
36 672
36 672
36 672
-
health
5 629
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
6 601
5 031
6 601
-
total
18 233
15 822
18 233
-
Employer
36 672
36 672
36 672
-
unemployment
1 320
1 320
1 320
-
pensions
2 552
2 552
2 552
-
health
2 549
2 549
2 549
-
total
6 421
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
24 654
22 243
24 654
6 776
After tax
-8 654
-6 243
-8 654
9 224
Living cost
17 990
17 990
17 990
17 990
Free-cash
-26 644
-24 233
-26 644
-8 766

Estimated living cost  is ₴17990 per week

₴12749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7810
-₴14985
-₴8570
-₴8001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
municipal
-
-
-
3 389
accident
-
-
-
32
pensions
-
-
-
1 730
other
-
-
-
1 859
unemployment
-
-
-
16
health
-
-
-
998
national
-
-
-
-
total
-
-
-
8 024
Employee
23 577
-
12 175
-
municipal
7 031
-
3 630
-
national
-
-
-
-
total
7 031
-
3 630
-
Employer
23 577
-
12 175
-
accident
47
-
24
-
other
2 740
-
1 415
-
unemployment
622
-
321
-
pensions
2 549
-
1 316
-
health
1 450
-
749
-
total
7 408
-
3 825
-
Corporate
-
16 000
-
-
income
-
3 520
-
-
total
-
3 520
-
-
Dividends
-
12 480
-
-
withholding
-
3 744
-
-
total
-
3 744
-
-
Income
16 000
16 000
16 000
16 000
Total tax
14 439
7 264
7 455
8 024
After tax
1 561
8 736
8 545
7 976
Living cost
16 546
16 546
16 546
16 546
Free-cash
-14 985
-7 810
-8 001
-8 570

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8785
-₴5778
-₴4177
-₴4177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
trade
-
-
-
-
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.

-
-
-
353
health

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

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

-
-
-
2 934
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.

-
-
-
20
total
-
-
-
3 307
Employee

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

21 778
-
16 000
-
health

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

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

2 934
-
2 934
-
surtax

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

103
-
20
-
income

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

1 871
-
353
-
total
4 908
-
3 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
16 000
-
-
surtax

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

-
132
-
-
income
-
2 400
-
-
trade
-
2 632
-
-
chamber of commerce
-
88
-
-
total
-
5 252
-
-
Dividends
-
10 748
-
-
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.

-
139
-
-
withholding
-
2 524
-
-
total
-
2 663
-
-
Income
16 000
16 000
16 000
16 000
Total tax
4 908
7 915
3 307
3 307
After tax
11 092
8 085
12 693
12 693
Living cost
16 870
16 870
16 870
16 870
Free-cash
-5 778
-8 785
-4 177
-4 177

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7640
-₴5293
-₴892
-₴4467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 325
income
-
-
-
-
health
-
-
-
416
social contributions
-
-
-
2 547
total
-
-
-
2 963
Employee
33 022
33 022
33 022
-
social contributions
1 605
2 741
1 205
-
health
328
561
247
-
income
3 468
3 057
3 612
-
total
5 401
6 359
5 064
-
Employer
33 022
33 022
33 022
-
social contributions
1 605
2 741
1 205
-
health
358
611
269
-
total
1 963
3 352
1 474
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
7 364
9 711
6 538
2 963
After tax
8 636
6 289
9 462
13 037
Living cost
13 929
13 929
13 929
13 929
Free-cash
-5 293
-7 640
-4 467
-892

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1335
₴1496
₴3305
₴1496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
1 956
pensions
-
-
-
1 600
unemployment
-
-
-
240
health
-
-
-
1 120
total
-
-
-
4 916
Employee

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
13 389
-
health
786
313
937
-
income
1 373
546
1 637
-
pensions
1 123
447
1 339
-
unemployment
168
67
201
-
total
3 450
1 373
4 114
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
13 389
-
pensions
2 190
871
2 611
-
total
2 190
871
2 611
-
Corporate
2 581
10 660
-
-
income
232
959
-
-
total
232
959
-
-
Dividends
2 349
9 700
-
-
social contributions
407
1 840
-
-
withholding
446
1 843
-
-
total
853
3 683
-
-
Income
16 000
16 000
16 000
16 000
Total tax
6 725
6 886
6 725
4 916
After tax
9 275
9 114
9 275
11 084
Living cost
7 779
7 779
7 779
7 779
Free-cash
1 496
1 335
1 496
3 305

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2428
-₴301
-₴817
-₴173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
1 166
pensions
-
-
-
3 199
health
-
-
-
2 080
total
-
-
-
6 445
Employee
12 182
-
11 958
-
income
1 372
-
1 328
-
pensions
244
-
239
-
unemployment
195
-
192
-
total
1 811
-
1 759
-
Employer
12 182
-
11 958
-
unemployment
98
-
95
-
pensions
2 437
-
2 392
-
health
1 583
-
1 555
-
total
4 118
-
4 042
-
Corporate
-
16 000
-
-
income
-
3 200
-
-
total
-
3 200
-
-
Dividends
-
12 800
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
5 929
3 200
5 801
6 445
After tax
10 071
12 800
10 199
9 555
Living cost
10 372
10 372
10 372
10 372
Free-cash
-301
2 428
-173
-817

Estimated living cost  is ₴10372 per week

₴7114
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.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8083
-₴1759
₴1338
-₴930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
accident
-
-
-
108
income
-
-
-
2 313
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
5 283
Employee
14 754
-
13 291
-
health
1 689
-
1 522
-
income
2 024
-
1 823
-
pensions
1 661
-
1 497
-
total
5 374
-
4 842
-
Employer
14 754
-
13 291
-
accident
246
-
222
-
unemployment
361
-
326
-
pensions
2 399
-
2 161
-
total
3 006
-
2 709
-
Corporate
-
16 000
-
-
income

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

-
14 400
-
-
total
-
14 400
-
-
Dividends
-
1 600
-
-
withholding
-
304
-
-
total
-
304
-
-
Income
16 000
16 000
16 000
16 000
Total tax
8 380
14 704
7 551
5 283
After tax
7 620
1 296
8 449
10 717
Living cost
9 379
9 379
9 379
9 379
Free-cash
-1 759
-8 083
-930
1 338

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11286
₴10553
₴11926
₴8886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
16 000
microenterprise

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

-
-
-
160
total
-
-
-
160
Employee
4 892
-
16 000
-
income
978
-
3 200
-
total
978
-
3 200
-
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%.

11 108
16 000
-
-
total
-
-
-
-
Dividends
11 108
16 000
-
-
withholding
555
800
-
-
total
555
800
-
-
Income
16 000
16 000
16 000
16 000
Total tax
1 533
800
3 200
160
After tax
14 467
15 200
12 800
15 840
Living cost
3 914
3 914
3 914
3 914
Free-cash
10 553
11 286
8 886
11 926

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴312
-₴3522
-₴2779
-₴2064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
2 032
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.

-
-
-
3 840
other
-
-
-
760
health
-
-
-
704
total
-
-
-
7 336
Employee
15 592
-
12 779
-
health
218
-
179
-
income
2 684
-
2 200
-
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.

1 091
-
894
-
unemployment
156
-
128
-
total
4 149
-
3 401
-
Employer
15 592
-
12 779
-
accident
125
-
102
-
other
780
-
639
-
unemployment
156
-
128
-
pensions

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

2 651
-
2 172
-
health
218
-
179
-
total
3 930
-
3 220
-
Corporate
-
16 000
-
-
income
-
3 360
-
-
total
-
3 360
-
-
Dividends
-
12 640
-
-
withholding
-
885
-
-
total
-
885
-
-
Income
16 000
16 000
16 000
16 000
Total tax
8 079
4 245
6 621
7 336
After tax
7 921
11 755
9 379
8 664
Living cost
11 443
11 443
11 443
11 443
Free-cash
-3 522
312
-2 064
-2 779

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16919
-₴30506
-₴16683
-₴18012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
3 057
pensions
-
-
-
719
total
-
-
-
3 776
Employee
40 899
-
14 533
-
health
674
-
133
-
income
7 373
-
2 723
-
pensions
3 946
-
782
-
total
11 993
-
3 638
-
Employer
40 899
-
14 533
-
pensions
4 829
-
1 191
-
health
777
-
276
-
total
5 606
-
1 467
-
Corporate
-
16 000
-
-
income

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

-
3 040
-
-
total
-
3 040
-
-
Dividends
-
12 960
-
-
withholding
-
972
-
-
total
-
972
-
-
Income
16 000
16 000
16 000
16 000
Total tax
17 599
4 012
5 105
3 776
After tax
-1 599
11 988
10 895
12 224
Living cost
28 907
28 907
28 907
28 907
Free-cash
-30 506
-16 919
-18 012
-16 683

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8051
₴6056
₴3966
₴4472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
2 400
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
6 405
Employee
7 454
-
13 376
-
health
343
-
615
-
accident

We are using the highest rate at 1.1%.

82
-
147
-
income
745
-
1 338
-
pensions

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

654
-
1 174
-
total
1 824
-
3 274
-
Employer
7 454
-
13 376
-
accident

We are using the highest rate at 1.1%.

82
-
147
-
unemployment
45
-
80
-
pensions

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

822
-
1 474
-
health
515
-
923
-
total
1 464
-
2 624
-
Corporate
7 083
16 000
-
-
income
708
1 600
-
-
total
708
1 600
-
-
Dividends
6 375
14 400
-
-
withholding
319
720
-
-
total
319
720
-
-
Income
16 000
16 000
16 000
16 000
Total tax
4 315
2 320
5 898
6 405
After tax
11 685
13 680
10 102
9 595
Living cost
5 629
5 629
5 629
5 629
Free-cash
6 056
8 051
4 472
3 966

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30056
-₴30785
-₴14589
-₴32467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
1 440
pensions
-
-
-
2 880
health
-
-
-
2 456
total
-
-
-
6 776
Employee
39 814
36 672
36 672
-
health
4 967
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
5 031
5 031
6 601
-
total
16 001
15 822
18 233
-
Employer
39 814
36 672
36 672
-
unemployment
1 433
1 320
1 320
-
pensions
2 771
2 552
2 552
-
health
2 767
2 549
2 549
-
total
6 971
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
22 972
22 243
24 654
6 776
After tax
-6 972
-6 243
-8 654
9 224
Living cost
23 813
23 813
23 813
23 813
Free-cash
-30 785
-30 056
-32 467
-14 589

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
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.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴752
-₴4225
-₴2471
-₴2145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
1 375
health
-
-
-
2 160
solidarity contribution
-
-
-
-
social contributions
-
-
-
4 672
total
-
-
-
8 207
Employee
15 094
-
11 940
-
social contributions
981
-
776
-
health
2 038
-
1 612
-
solidarity contribution
-
-
-
-
income
1 811
-
1 433
-
total
4 830
-
3 821
-
Employer
15 094
-
11 940
-
social contributions
3 773
-
2 985
-
health
1 358
-
1 075
-
total
5 131
-
4 060
-
Corporate
-
16 000
-
-
income
-
3 040
-
-
total
-
3 040
-
-
Dividends
-
12 960
-
-
withholding
-
1 944
-
-
total
-
1 944
-
-
Income
16 000
16 000
16 000
16 000
Total tax
9 961
4 984
7 881
8 207
After tax
6 039
11 016
8 119
7 793
Living cost
10 264
10 264
10 264
10 264
Free-cash
-4 225
752
-2 145
-2 471

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9584
-₴22165
-₴9210
-₴10170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
municipal
-
-
-
95
regional
-
-
-
146
national
-
-
-
2 733
social contributions
-
-
-
4 115
total
-
-
-
7 089
Employee
38 166
-
16 000
-
social contributions
12 869
-
5 395
-
regional
360
-
130
-
municipal
202
-
85
-
national
6 613
-
2 439
-
total
20 044
-
8 049
-
Employer
38 166
-
16 000
-
total
-
-
-
-
Corporate
-
16 000
-
-
nationa
-
3 840
-
-
municipal
-
624
-
-
total
-
4 464
-
-
Dividends
-
11 536
-
-
withholding
-
2 999
-
-
total
-
2 999
-
-
Income
16 000
16 000
16 000
16 000
Total tax
20 044
7 463
8 049
7 089
After tax
-4 044
8 537
7 951
8 911
Living cost
18 121
18 121
18 121
18 121
Free-cash
-22 165
-9 584
-10 170
-9 210

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
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.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴588
-₴1190
-₴262
-₴642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
2 313
pensions
-
-
-
3 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 136
surtax
-
-
-
39
total
-
-
-
6 786
Employee
14 201
-
13 218
-
other
-
-
-
-
health
363
-
337
-
surtax
46
-
29
-
income
2 380
-
2 216
-
pensions
947
-
882
-
unemployment
989
-
920
-
total
4 725
-
4 384
-
Employer
14 201
-
13 218
-
other
-
-
-
-
unemployment
450
-
419
-
pensions
1 893
-
1 762
-
health
646
-
601
-
total
2 989
-
2 782
-
Corporate
-
16 000
-
-
income
-
4 160
-
-
total
-
4 160
-
-
Dividends
-
11 840
-
-
withholding
-
1 776
-
-
total
-
1 776
-
-
Income
16 000
16 000
16 000
16 000
Total tax
7 714
5 936
7 166
6 786
After tax
8 286
10 064
8 834
9 214
Living cost
9 476
9 476
9 476
9 476
Free-cash
-1 190
588
-642
-262

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7761
-₴14898
-₴7525
-₴8854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
3 057
pensions
-
-
-
719
total
-
-
-
3 776
Employee
27 410
-
14 533
-
health
398
-
133
-
income
4 937
-
2 723
-
pensions
2 326
-
782
-
total
7 661
-
3 638
-
Employer
27 410
-
14 533
-
pensions
2 967
-
1 191
-
health
521
-
276
-
total
3 488
-
1 467
-
Corporate
-
16 000
-
-
income

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

-
3 040
-
-
total
-
3 040
-
-
Dividends
-
12 960
-
-
withholding
-
972
-
-
total
-
972
-
-
Income
16 000
16 000
16 000
16 000
Total tax
11 149
4 012
5 105
3 776
After tax
4 851
11 988
10 895
12 224
Living cost
19 749
19 749
19 749
19 749
Free-cash
-14 898
-7 761
-8 854
-7 525

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴25481
-₴26037
-₴19098
-₴20299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
city
-
-
-
168
pensions
-
-
-
1 472
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.

-
-
-
320
regional
-
-
-
220
health
-
-
-
107
national
-
-
-
14
total
-
-
-
2 301
Employee
38 381
-
14 111
-
city
412
-
149
-
regional
1 257
-
166
-
health
87
-
32
-
pensions
3 224
-
1 419
-
unemployment
-
-
-
-
national
182
-
3
-
total
5 162
-
1 769
-
Employer
38 381
-
14 111
-
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.

767
-
282
-
unemployment
-
-
-
-
pensions
3 224
-
1 419
-
health
87
-
32
-
total
4 078
-
1 733
-
Corporate
-
16 000
-
-
regional
-
3 384
-
-
national
-
1 360
-
-
total
-
4 744
-
-
Dividends
-
11 256
-
-
withholding
-
3 940
-
-
total
-
3 940
-
-
Income
16 000
16 000
16 000
16 000
Total tax
9 240
8 684
3 502
2 301
After tax
6 760
7 316
12 498
13 699
Living cost
32 797
32 797
32 797
32 797
Free-cash
-26 037
-25 481
-20 299
-19 098

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11670
-₴9809
-₴6980
-₴6980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
trade
-
-
-
-
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.

-
-
-
353
health

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

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

-
-
-
2 934
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.

-
-
-
20
total
-
-
-
3 307
Employee

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

25 808
-
16 000
-
health

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

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

2 934
-
2 934
-
surtax

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

167
-
20
-
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.

3 035
-
353
-
total
6 136
-
3 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
16 000
-
-
surtax

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

-
132
-
-
income
-
2 400
-
-
trade
-
2 744
-
-
chamber of commerce
-
88
-
-
total
-
5 364
-
-
Dividends
-
10 636
-
-
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
-
2 496
-
-
total
-
2 633
-
-
Income
16 000
16 000
16 000
16 000
Total tax
6 136
7 997
3 307
3 307
After tax
9 864
8 003
12 693
12 693
Living cost
19 673
19 673
19 673
19 673
Free-cash
-9 809
-11 670
-6 980
-6 980

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
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.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6628
-₴8118
-₴4909
-₴4563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
284
pensions
-
-
-
4 842
other
-
-
-
496
health
-
-
-
139
surtax
-
-
-
-
social contributions
-
-
-
456
total
-
-
-
6 217
Employee
18 379
-
12 193
-
social contributions
524
-
347
-
surtax
-
-
-
-
income
1 085
-
337
-
pensions
2 078
-
1 379
-
total
3 687
-
2 063
-
Employer
18 379
-
12 193
-
other
634
-
421
-
social contributions
55
-
37
-
unemployment
744
-
494
-
pensions
3 019
-
2 003
-
health
1 287
-
853
-
total
5 739
-
3 808
-
Corporate
-
16 000
-
-
surtax
-
-
-
-
income
-
4 480
-
-
total
-
4 480
-
-
Dividends
-
11 520
-
-
surtax
-
-
-
-
social contributions
-
1 982
-
-
withholding
-
1 474
-
-
total
-
3 456
-
-
Income
16 000
16 000
16 000
16 000
Total tax
9 426
7 936
5 871
6 217
After tax
6 574
8 064
10 129
9 783
Living cost
14 692
14 692
14 692
14 692
Free-cash
-8 118
-6 628
-4 563
-4 909

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5173
-₴5530
-₴3454
-₴3108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
284
pensions
-
-
-
4 842
other
-
-
-
496
health
-
-
-
139
surtax
-
-
-
-
social contributions
-
-
-
456
total
-
-
-
6 217
Employee
16 406
-
12 193
-
social contributions
468
-
347
-
surtax
-
-
-
-
income
846
-
337
-
pensions
1 856
-
1 379
-
total
3 170
-
2 063
-
Employer
16 406
-
12 193
-
other
566
-
421
-
social contributions
49
-
37
-
unemployment
664
-
494
-
pensions
2 696
-
2 003
-
health
1 148
-
853
-
total
5 123
-
3 808
-
Corporate
-
16 000
-
-
surtax
-
-
-
-
income
-
4 480
-
-
total
-
4 480
-
-
Dividends
-
11 520
-
-
surtax
-
-
-
-
social contributions
-
1 982
-
-
withholding
-
1 474
-
-
total
-
3 456
-
-
Income
16 000
16 000
16 000
16 000
Total tax
8 293
7 936
5 871
6 217
After tax
7 707
8 064
10 129
9 783
Living cost
13 237
13 237
13 237
13 237
Free-cash
-5 530
-5 173
-3 108
-3 454

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴655
₴34
₴1170
₴810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
2 400
health
-
-
-
1 116
social contributions
-
-
-
2 208
total
-
-
-
5 724
Employee
14 560
-
16 000
-
social contributions
2 010
-
2 208
-
health
1 016
-
1 116
-
income
2 429
-
2 760
-
total
5 455
-
6 084
-
Employer
14 560
-
16 000
-
total
-
-
-
-
Corporate
1 440
16 000
-
-
income

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

72
800
-
-
total
72
800
-
-
Dividends
1 368
15 200
-
-
health
379
1 061
-
-
social contributions
749
2 098
-
-
withholding
205
2 280
-
-
total
1 333
5 439
-
-
Income
16 000
16 000
16 000
16 000
Total tax
6 860
6 239
6 084
5 724
After tax
9 140
9 761
9 916
10 276
Living cost
9 106
9 106
9 106
9 106
Free-cash
34
655
810
1 170

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8908
-₴12129
-₴6154
-₴9372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
chamber of commerce
-
-
-
64
income
-
-
-
55
pensions
-
-
-
2 960
unemployment
-
-
-
2 634
health
-
-
-
1 224
surtax
-
-
-
85
total
-
-
-
7 022
Employee
21 461
17 114
17 114
-
other
214
171
121
-
health
830
663
467
-
income
2 443
1 262
1 517
-
pensions
2 198
1 752
1 236
-
unemployment
644
513
362
-
total
6 329
4 361
3 703
-
Employer
21 461
17 114
17 114
-
accident
279
222
157
-
other
1 019
812
770
-
chamber of commerce
86
68
68
-
unemployment
644
513
362
-
surtax
85
85
85
-
pensions
2 693
2 148
1 515
-
payroll
644
513
513
-
health
811
647
456
-
total
6 261
5 008
3 926
-
Corporate
1 630
1 630
10 443
-
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.

407
407
2 611
-
total
407
407
2 611
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
12 997
9 776
10 240
7 022
After tax
3 003
6 224
5 760
8 978
Living cost
15 132
15 132
15 132
15 132
Free-cash
-12 129
-8 908
-9 372
-6 154

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-₴6586
-₴23659
-₴5960
-₴8225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
national
-
-
-
4 364
communal

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

-
-
-
897
social contributions
-
-
-
1 041
total
-
-
-
6 302
Employee

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

30 718
-
12 393
-
communal

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

1 602
-
646
-
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.

1 443
-
583
-
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.

2 304
-
930
-
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.

267
-
108
-
national
9 444
-
2 693
-
total
15 060
-
4 960
-
Employer

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

30 718
-
12 393
-
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.

399
-
161
-
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.

448
-
181
-
surtax
3 483
-
1 405
-
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.

2 722
-
1 098
-
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.

1 889
-
762
-
total
8 941
-
3 607
-
Corporate
-
16 000
-
-
surtax
-
64
-
-
income
-
3 200
-
-
total
-
3 264
-
-
Dividends
-
12 735
-
-
withholding

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

-
3 664
-
-
total
-
3 664
-
-
Income
16 000
16 000
16 000
16 000
Total tax
24 001
6 928
8 567
6 302
After tax
-8 001
9 072
7 433
9 698
Living cost
15 658
15 658
15 658
15 658
Free-cash
-23 659
-6 586
-8 225
-5 960

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4668
-₴12190
-₴6489
-₴7009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
accident
-
-
-
144
income
-
-
-
2 180
pensions
-
-
-
4 528
other
-
-
-
16
unemployment
-
-
-
112
total
-
-
-
6 980
Employee
21 376
-
11 428
-
other
21
-
15
-
income
4 510
-
2 017
-
pensions
1 005
-
674
-
unemployment
332
-
222
-
total
5 868
-
2 928
-
Employer
21 376
-
11 428
-
accident
423
-
284
-
other
170
-
115
-
unemployment
1 176
-
789
-
pensions
5 044
-
3 384
-
total
6 813
-
4 572
-
Corporate
-
16 000
-
-
income

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

-
2 400
-
-
total
-
2 400
-
-
Dividends
-
13 600
-
-
withholding
-
2 759
-
-
total
-
2 759
-
-
Income
16 000
16 000
16 000
16 000
Total tax
12 681
5 159
7 500
6 980
After tax
3 319
10 841
8 500
9 020
Living cost
15 509
15 509
15 509
15 509
Free-cash
-12 190
-4 668
-7 009
-6 489

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13271
-₴20405
-₴13244
-₴13244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
accident
-
-
-
184
income
-
-
-
150
pensions
-
-
-
3 270
health
-
-
-
1 532
surtax
-
-
-
771
communal
-
-
-
-
total
-
-
-
5 907
Employee
32 521
-
13 558
-
health
1 447
-
909
-
surtax
1 993
-
771
-
income
3 141
-
150
-
pensions
2 601
-
1 635
-
total
9 182
-
3 465
-
Employer
32 521
-
13 558
-
accident
293
-
184
-
pensions
2 601
-
1 635
-
health
992
-
623
-
total
3 886
-
2 442
-
Corporate
-
16 000
-
-
surtax
-
168
-
-
communal
-
1 080
-
-
income
-
2 400
-
-
total
-
3 648
-
-
Dividends
-
12 352
-
-
income
-
433
-
-
withholding
-
1 853
-
-
total
-
2 286
-
-
Income
16 000
16 000
16 000
16 000
Total tax
13 068
5 934
5 907
5 907
After tax
2 932
10 066
10 093
10 093
Living cost
23 337
23 337
23 337
23 337
Free-cash
-20 405
-13 271
-13 244
-13 244

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴418
-₴1506
-₴432
-₴812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
2 313
pensions
-
-
-
3 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 136
surtax
-
-
-
39
total
-
-
-
6 786
Employee
14 462
-
13 218
-
other
-
-
-
-
health
369
-
337
-
surtax
51
-
29
-
income
2 424
-
2 216
-
pensions
965
-
882
-
unemployment
1 006
-
920
-
total
4 815
-
4 384
-
Employer
14 462
-
13 218
-
other
-
-
-
-
unemployment
459
-
419
-
pensions
1 928
-
1 762
-
health
658
-
601
-
total
3 045
-
2 782
-
Corporate
-
16 000
-
-
income
-
4 160
-
-
total
-
4 160
-
-
Dividends
-
11 840
-
-
withholding
-
1 776
-
-
total
-
1 776
-
-
Income
16 000
16 000
16 000
16 000
Total tax
7 860
5 936
7 166
6 786
After tax
8 140
10 064
8 834
9 214
Living cost
9 646
9 646
9 646
9 646
Free-cash
-1 506
418
-812
-432

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
-₴3158
-₴7822
-₴2752
-₴3702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
municipal
-
-
-
95
regional
-
-
-
241
national
-
-
-
2 733
social contributions
-
-
-
4 115
total
-
-
-
7 184
Employee
23 821
-
16 000
-
social contributions
8 033
-
5 395
-
regional
321
-
215
-
municipal
126
-
85
-
national
3 774
-
2 439
-
total
12 254
-
8 134
-
Employer
23 821
-
16 000
-
total
-
-
-
-
Corporate
-
16 000
-
-
nationa
-
3 840
-
-
municipal
-
795
-
-
total
-
4 635
-
-
Dividends
-
11 365
-
-
withholding
-
2 955
-
-
total
-
2 955
-
-
Income
16 000
16 000
16 000
16 000
Total tax
12 254
7 590
8 134
7 184
After tax
3 746
8 410
7 866
8 816
Living cost
11 568
11 568
11 568
11 568
Free-cash
-7 822
-3 158
-3 702
-2 752

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1632
-₴8924
-₴4855
-₴4529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
1 375
health
-
-
-
2 160
solidarity contribution
-
-
-
-
social contributions
-
-
-
4 672
total
-
-
-
8 207
Employee
18 600
-
11 940
-
social contributions
1 209
-
776
-
health
2 511
-
1 612
-
solidarity contribution
-
-
-
-
income
2 232
-
1 433
-
total
5 952
-
3 821
-
Employer
18 600
-
11 940
-
social contributions
4 650
-
2 985
-
health
1 674
-
1 075
-
total
6 324
-
4 060
-
Corporate
-
16 000
-
-
income
-
3 040
-
-
total
-
3 040
-
-
Dividends
-
12 960
-
-
withholding
-
1 944
-
-
total
-
1 944
-
-
Income
16 000
16 000
16 000
16 000
Total tax
12 276
4 984
7 881
8 207
After tax
3 724
11 016
8 119
7 793
Living cost
12 648
12 648
12 648
12 648
Free-cash
-8 924
-1 632
-4 529
-4 855

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7392
-₴8581
-₴4638
-₴7897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
chamber of commerce
-
-
-
64
income
-
-
-
55
pensions
-
-
-
2 960
unemployment
-
-
-
2 634
health
-
-
-
1 224
surtax
-
-
-
-
total
-
-
-
6 937
Employee
18 772
17 114
17 114
-
other
187
171
121
-
health
726
663
470
-
income
1 672
1 262
1 512
-
pensions
1 922
1 752
1 244
-
unemployment
563
513
364
-
total
5 070
4 361
3 711
-
Employer
18 772
17 114
17 114
-
accident
244
222
158
-
other
892
812
771
-
chamber of commerce
75
68
68
-
unemployment
563
513
364
-
surtax
-
-
-
-
pensions
2 356
2 148
1 524
-
payroll
563
513
513
-
health
710
647
459
-
total
5 403
4 923
3 857
-
Corporate
1 630
1 630
10 512
-
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.

407
407
2 628
-
total
407
407
2 628
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
10 880
9 691
10 196
6 937
After tax
5 120
6 309
5 804
9 063
Living cost
13 701
13 701
13 701
13 701
Free-cash
-8 581
-7 392
-7 897
-4 638

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
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.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9101
₴7957
₴9741
₴6701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
16 000
microenterprise

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

-
-
-
160
total
-
-
-
160
Employee
7 624
-
16 000
-
income
1 525
-
3 200
-
total
1 525
-
3 200
-
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%.

8 376
16 000
-
-
total
-
-
-
-
Dividends
8 376
16 000
-
-
withholding
419
800
-
-
total
419
800
-
-
Income
16 000
16 000
16 000
16 000
Total tax
1 944
800
3 200
160
After tax
14 056
15 200
12 800
15 840
Living cost
6 099
6 099
6 099
6 099
Free-cash
7 957
9 101
6 701
9 741

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴502
-₴5946
-₴2419
-₴2926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
income
-
-
-
2 381
pensions
-
-
-
2 922
unemployment
-
-
-
24
health
-
-
-
1 574
total
-
-
-
6 901
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.

18 990
-
13 844
-
health
1 226
-
894
-
income
3 275
-
2 193
-
pensions
2 944
-
2 146
-
unemployment
27
-
20
-
total
7 472
-
5 253
-
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.

18 990
-
13 844
-
unemployment
11
-
8
-
pensions
1 680
-
1 225
-
health
1 265
-
922
-
total
2 956
-
2 155
-
Corporate
-
16 000
-
-
income
-
3 040
-
-
total
-
3 040
-
-
Dividends
-
12 960
-
-
withholding
-
1 944
-
-
total
-
1 944
-
-
Income
16 000
16 000
16 000
16 000
Total tax
10 428
4 984
7 408
6 901
After tax
5 572
11 016
8 592
9 099
Living cost
11 518
11 518
11 518
11 518
Free-cash
-5 946
-502
-2 926
-2 419

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8818
-₴48108
-₴7495
-₴8355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
3 119
social contributions
-
-
-
1 824
total
-
-
-
4 943
Employee
26 601
-
977
-
social contributions
2 181
-
311
-
income
5 868
-
147
-
total
8 049
-
458
-
Employer
26 601
-
977
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
-
16 000
-
-
income
-
3 520
-
-
total
-
3 520
-
-
Dividends
-
12 480
-
-
income
-
2 746
-
-
total
-
2 746
-
-
Income
16 000
16 000
16 000
16 000
Total tax
45 556
6 266
5 803
4 943
After tax
-29 556
9 734
10 197
11 057
Living cost
18 552
18 552
18 552
18 552
Free-cash
-48 108
-8 818
-8 355
-7 495

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4369
-₴8442
-₴4020
-₴4272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
income
-
-
-
990
surtax
-
-
-
-
social contributions

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

-
-
-
5 560
total
-
-
-
6 550
Employee
19 751
-
12 929
-
social contributions
2 173
-
1 422
-
surtax
-
-
-
-
income
4 108
-
2 309
-
total
6 281
-
3 731
-
Employer
19 751
-
12 929
-
social contributions
4 691
-
3 071
-
total
4 691
-
3 071
-
Corporate
-
16 000
-
-
surtax
-
-
-
-
income
-
3 360
-
-
total
-
3 360
-
-
Dividends
-
12 640
-
-
withholding
-
3 539
-
-
total
-
3 539
-
-
Income
16 000
16 000
16 000
16 000
Total tax
10 972
6 899
6 802
6 550
After tax
5 028
9 101
9 198
9 450
Living cost
13 470
13 470
13 470
13 470
Free-cash
-8 442
-4 369
-4 272
-4 020

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12677
-₴19297
-₴10958
-₴10612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
284
pensions
-
-
-
4 842
other
-
-
-
496
health
-
-
-
139
surtax
-
-
-
-
social contributions
-
-
-
456
total
-
-
-
6 217
Employee
26 896
-
12 193
-
social contributions
766
-
347
-
surtax
-
-
-
-
income
2 347
-
337
-
pensions
3 042
-
1 379
-
total
6 155
-
2 063
-
Employer
26 896
-
12 193
-
other
928
-
421
-
social contributions
81
-
37
-
unemployment
1 090
-
494
-
pensions
4 419
-
2 003
-
health
1 883
-
853
-
total
8 401
-
3 808
-
Corporate
-
16 000
-
-
surtax
-
-
-
-
income
-
4 480
-
-
total
-
4 480
-
-
Dividends
-
11 520
-
-
surtax
-
-
-
-
social contributions
-
1 982
-
-
withholding
-
1 474
-
-
total
-
3 456
-
-
Income
16 000
16 000
16 000
16 000
Total tax
14 556
7 936
5 871
6 217
After tax
1 444
8 064
10 129
9 783
Living cost
20 741
20 741
20 741
20 741
Free-cash
-19 297
-12 677
-10 612
-10 958

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1491
₴48
-₴429
₴43
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
-
social contributions
-
-
-
3 520
total
-
-
-
3 520
Employee
13 806
-
13 853
-
income
-
-
-
-
social contributions
897
-
901
-
total
897
-
901
-
Employer
13 806
-
13 853
-
social contributions
2 140
-
2 147
-
total
2 140
-
2 147
-
Corporate
54
16 000
-
-
income
6
1 600
-
-
total
6
1 600
-
-
Dividends
48
14 400
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
3 043
1 600
3 048
3 520
After tax
12 957
14 400
12 952
12 480
Living cost
12 909
12 909
12 909
12 909
Free-cash
48
1 491
43
-429

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
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.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴77558
-₴77558
-₴9736
-₴77558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
municipal
-
-
-
2 148
pensions
-
-
-
372
national
-
-
-
1 286
labour market
-
-
-
1 250
total
-
-
-
5 056
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
72 878
72 878
72 878
5 056
After tax
-56 878
-56 878
-56 878
10 944
Living cost
20 680
20 680
20 680
20 680
Free-cash
-77 558
-77 558
-77 558
-9 736

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
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.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7945
-₴1500
₴1476
-₴792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
accident
-
-
-
108
income
-
-
-
2 313
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
5 283
Employee
14 536
-
13 291
-
health
1 665
-
1 522
-
income
1 994
-
1 823
-
pensions
1 637
-
1 497
-
total
5 296
-
4 842
-
Employer
14 536
-
13 291
-
accident
243
-
222
-
unemployment
356
-
326
-
pensions
2 364
-
2 161
-
total
2 963
-
2 709
-
Corporate
-
16 000
-
-
income

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

-
14 400
-
-
total
-
14 400
-
-
Dividends
-
1 600
-
-
withholding
-
304
-
-
total
-
304
-
-
Income
16 000
16 000
16 000
16 000
Total tax
8 259
14 704
7 551
5 283
After tax
7 741
1 296
8 449
10 717
Living cost
9 241
9 241
9 241
9 241
Free-cash
-1 500
-7 945
-792
1 476

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5415
-₴10858
-₴3517
-₴6384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
16 000
municipal
-
-
-
2 868
health
-
-
-
67
national
-
-
-
95
total
-
-
-
3 030
Employee
22 594
-
13 460
-
health
169
-
28
-
municipal
3 701
-
2 218
-
pensions
1 525
-
909
-
unemployment
339
-
202
-
national
373
-
-
-
total
6 107
-
3 357
-
Employer
22 594
-
13 460
-
accident
23
-
14
-
unemployment
147
-
87
-
pensions
3 920
-
2 336
-
health
174
-
103
-
total
4 264
-
2 540
-
Corporate
-
16 000
-
-
income
-
3 200
-
-
total
-
3 200
-
-
Dividends

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

-
9 600
-
-
national
-
-
-
-
municipal
-
1 728
-
-
total
-
1 728
-
-
Income
16 000
16 000
16 000
16 000
Total tax
10 371
4 928
5 897
3 030
After tax
5 629
11 072
10 103
12 970
Living cost
16 487
16 487
16 487
16 487
Free-cash
-10 858
-5 415
-6 384
-3 517

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3654
-₴568
₴3094
-₴481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 325
income
-
-
-
-
health
-
-
-
416
social contributions
-
-
-
2 547
total
-
-
-
2 963
Employee
33 022
33 022
33 022
-
social contributions
1 248
2 741
1 205
-
health
256
561
247
-
income
3 595
3 057
3 612
-
total
5 099
6 359
5 064
-
Employer
33 022
33 022
33 022
-
social contributions
1 248
2 741
1 205
-
health
278
611
269
-
total
1 526
3 352
1 474
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
16 000
16 000
16 000
16 000
Total tax
6 625
9 711
6 538
2 963
After tax
9 375
6 289
9 462
13 037
Living cost
9 943
9 943
9 943
9 943
Free-cash
-568
-3 654
-481
3 094

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6432
₴4247
₴3749
₴3145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 000
income
-
-
-
1 135
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
5 433
Employee

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

9 857
-
14 506
-
health
838
-
1 233
-
income
674
-
1 061
-
pensions
1 478
-
2 176
-
unemployment
49
-
73
-
total
3 039
-
4 543
-
Employer

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

9 857
-
14 506
-
unemployment
49
-
73
-
pensions
542
-
798
-
health
424
-
623
-
total
1 015
-
1 494
-
Corporate
5 128
16 000
-
-
income
461
1 440
-
-
total
461
1 440
-
-
Dividends
4 667
14 560
-
-
withholding
420
1 310
-
-
total
420
1 310
-
-
Income
16 000
16 000
16 000
16 000
Total tax
4 935
2 750
6 037
5 433
After tax
11 065
13 250
9 963
10 567
Living cost
6 818
6 818
6 818
6 818
Free-cash
4 247
6 432
3 145
3 749

Estimated living cost  is ₴6818 per week

₴4350
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴968
-₴4940
-₴2789
-₴3309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
accident
-
-
-
144
income
-
-
-
2 180
pensions
-
-
-
4 528
other
-
-
-
16
unemployment
-
-
-
112
total
-
-
-
6 980
Employee
15 879
-
11 428
-
other
15
-
15
-
income
3 061
-
2 017
-
pensions
746
-
674
-
unemployment
246
-
222
-
total
4 068
-
2 928
-
Employer
15 879
-
11 428
-
accident
315
-
284
-
other
127
-
115
-
unemployment
874
-
789
-
pensions
3 747
-
3 384
-
total
5 063
-
4 572
-
Corporate
-
16 000
-
-
income

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

-
2 400
-
-
total
-
2 400
-
-
Dividends
-
13 600
-
-
withholding
-
2 759
-
-
total
-
2 759
-
-
Income
16 000
16 000
16 000
16 000
Total tax
9 131
5 159
7 500
6 980
After tax
6 869
10 841
8 500
9 020
Living cost
11 809
11 809
11 809
11 809
Free-cash
-4 940
-968
-3 309
-2 789

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8809
₴8615
₴8535
₴8451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
4 811
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
6 290
Employee
1 790
-
15 036
-
health
90
-
214
-
income
346
-
4 766
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
5 409
-
Employer
1 790
-
15 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
13 807
16 000
-
-
income
3 038
3 520
-
-
total
3 038
3 520
-
-
Dividends
10 770
12 480
-
-
withholding
2 154
2 496
-
-
total
2 154
2 496
-
-
Income
16 000
16 000
16 000
16 000
Total tax
6 210
6 016
6 374
6 290
After tax
9 790
9 984
9 626
9 710
Living cost
1 175
1 175
1 175
1 175
Free-cash
8 615
8 809
8 451
8 535

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4140
₴2030
₴742
₴1431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
income
-
-
-
1 790
pensions
-
-
-
4 160
unemployment
-
-
-
240
health
-
-
-
1 648
total
-
-
-
7 838
Employee

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

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

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

11 188
-
13 571
-
health
576
-
699
-
income
1 542
-
2 019
-
pensions
1 566
-
1 900
-
unemployment
84
-
102
-
total
3 768
-
4 720
-
Employer

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

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

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

11 188
-
13 571
-
unemployment
84
-
102
-
pensions
1 343
-
1 628
-
health
576
-
699
-
total
2 003
-
2 429
-
Corporate
2 809
16 000
-
-
income
421
2 400
-
-
total
421
2 400
-
-
Dividends
2 388
13 600
-
-
withholding
358
2 040
-
-
total
358
2 040
-
-
Income
16 000
16 000
16 000
16 000
Total tax
6 550
4 440
7 149
7 838
After tax
9 450
11 560
8 851
8 162
Living cost
7 420
7 420
7 420
7 420
Free-cash
2 030
4 140
1 431
742

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
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.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2476
-₴4626
-₴2127
-₴2379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
income
-
-
-
990
surtax
-
-
-
-
social contributions

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

-
-
-
5 560
total
-
-
-
6 550
Employee
16 667
-
12 929
-
social contributions
1 834
-
1 422
-
surtax
-
-
-
-
income
3 257
-
2 309
-
total
5 091
-
3 731
-
Employer
16 667
-
12 929
-
social contributions
3 958
-
3 071
-
total
3 958
-
3 071
-
Corporate
-
16 000
-
-
surtax
-
-
-
-
income
-
3 360
-
-
total
-
3 360
-
-
Dividends
-
12 640
-
-
withholding
-
3 539
-
-
total
-
3 539
-
-
Income
16 000
16 000
16 000
16 000
Total tax
9 049
6 899
6 802
6 550
After tax
6 951
9 101
9 198
9 450
Living cost
11 577
11 577
11 577
11 577
Free-cash
-4 626
-2 476
-2 379
-2 127

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4251
-₴11353
-₴6072
-₴6592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
accident
-
-
-
144
income
-
-
-
2 180
pensions
-
-
-
4 528
other
-
-
-
16
unemployment
-
-
-
112
total
-
-
-
6 980
Employee
20 740
-
11 428
-
other
20
-
15
-
income
4 332
-
2 017
-
pensions
975
-
674
-
unemployment
321
-
222
-
total
5 648
-
2 928
-
Employer
20 740
-
11 428
-
accident
411
-
284
-
other
166
-
115
-
unemployment
1 141
-
789
-
pensions
4 895
-
3 384
-
total
6 613
-
4 572
-
Corporate
-
16 000
-
-
income

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

-
2 400
-
-
total
-
2 400
-
-
Dividends
-
13 600
-
-
withholding
-
2 759
-
-
total
-
2 759
-
-
Income
16 000
16 000
16 000
16 000
Total tax
12 261
5 159
7 500
6 980
After tax
3 739
10 841
8 500
9 020
Living cost
15 092
15 092
15 092
15 092
Free-cash
-11 353
-4 251
-6 592
-6 072

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6294
₴3677
₴2209
₴2716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
2 400
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
6 405
Employee
9 780
-
13 376
-
health
450
-
615
-
accident

We are using the highest rate at 1.1%.

107
-
147
-
income
978
-
1 338
-
pensions

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

859
-
1 174
-
total
2 394
-
3 274
-
Employer
9 780
-
13 376
-
accident

We are using the highest rate at 1.1%.

107
-
147
-
unemployment
59
-
80
-
pensions

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

1 078
-
1 474
-
health
675
-
923
-
total
1 919
-
2 624
-
Corporate
4 301
16 000
-
-
income
430
1 600
-
-
total
430
1 600
-
-
Dividends
3 871
14 400
-
-
withholding
194
720
-
-
total
194
720
-
-
Income
16 000
16 000
16 000
16 000
Total tax
4 937
2 320
5 898
6 405
After tax
11 063
13 680
10 102
9 595
Living cost
7 386
7 386
7 386
7 386
Free-cash
3 677
6 294
2 716
2 209

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8247
-₴5367
-₴3886
-₴3886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
trade
-
-
-
-
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.

-
-
-
353
health

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

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

-
-
-
2 934
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.

-
-
-
20
total
-
-
-
3 307
Employee

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

21 367
-
16 000
-
health

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

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

2 934
-
2 934
-
surtax

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

97
-
20
-
income

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

1 757
-
353
-
total
4 788
-
3 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
16 000
-
-
surtax

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

-
132
-
-
income
-
2 400
-
-
trade
-
2 296
-
-
chamber of commerce
-
89
-
-
total
-
4 917
-
-
Dividends
-
11 083
-
-
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.

-
143
-
-
withholding
-
2 608
-
-
total
-
2 751
-
-
Income
16 000
16 000
16 000
16 000
Total tax
4 788
7 668
3 307
3 307
After tax
11 212
8 332
12 693
12 693
Living cost
16 579
16 579
16 579
16 579
Free-cash
-5 367
-8 247
-3 886
-3 886

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13263
-₴17593
-₴10931
-₴10931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
1 856
social contributions
-
-
-
612
total
-
-
-
2 468
Employee
33 591
-
16 000
-
income
6 339
-
1 856
-
social contributions
2 791
-
612
-
total
9 130
-
2 468
-
Employer
33 591
-
16 000
-
total
-
-
-
-
Corporate
-
16 000
-
-
income
-
2 000
-
-
total
-
2 000
-
-
Dividends
-
14 000
-
-
withholding
-
2 800
-
-
total
-
2 800
-
-
Income
16 000
16 000
16 000
16 000
Total tax
9 130
4 800
2 468
2 468
After tax
6 870
11 200
13 532
13 532
Living cost
24 463
24 463
24 463
24 463
Free-cash
-17 593
-13 263
-10 931
-10 931

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6749
-₴6957
-₴14691
-₴3480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 000
income
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
14 542
-
income
2 138
-
977
-
social contributions
1 974
-
1 457
-
total
4 112
-
2 434
-
Employer
19 700
-
14 542
-
social contributions
1 974
-
1 457
-
total
1 974
-
1 457
-
Corporate
-
16 000
-
-
income
-
5 600
-
-
total
-
5 600
-
-
Dividends
-
10 400
-
-
social contributions
1 282
1 560
-
-
total
1 282
1 560
-
-
Income
16 000
16 000
16 000
16 000
Total tax
7 368
7 160
3 891
15 102
After tax
8 632
8 840
12 109
898
Living cost
15 589
15 589
15 589
15 589
Free-cash
-6 957
-6 749
-3 480
-14 691

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
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.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4067
-₴8683
-₴3831
-₴5160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
income
-
-
-
3 057
pensions
-
-
-
719
total
-
-
-
3 776
Employee
22 038
-
14 533
-
health
287
-
133
-
income
4 013
-
2 723
-
pensions
1 682
-
782
-
total
5 982
-
3 638
-
Employer
22 038
-
14 533
-
pensions
2 227
-
1 191
-
health
419
-
276
-
total
2 646
-
1 467
-
Corporate
-
16 000
-
-
income

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

-
3 040
-
-
total
-
3 040
-
-
Dividends
-
12 960
-
-
withholding
-
972
-
-
total
-
972
-
-
Income
16 000
16 000
16 000
16 000
Total tax
8 628
4 012
5 105
3 776
After tax
7 372
11 988
10 895
12 224
Living cost
16 055
16 055
16 055
16 055
Free-cash
-8 683
-4 067
-5 160
-3 831

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8860
-₴3231
₴561
-₴1707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
accident
-
-
-
108
income
-
-
-
2 313
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
5 283
Employee
15 975
-
13 291
-
health
1 829
-
1 522
-
income
2 192
-
1 823
-
pensions
1 799
-
1 497
-
total
5 820
-
4 842
-
Employer
15 975
-
13 291
-
accident
267
-
222
-
unemployment
391
-
326
-
pensions
2 597
-
2 161
-
total
3 255
-
2 709
-
Corporate
-
16 000
-
-
income

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

-
14 400
-
-
total
-
14 400
-
-
Dividends
-
1 600
-
-
withholding
-
304
-
-
total
-
304
-
-
Income
16 000
16 000
16 000
16 000
Total tax
9 075
14 704
7 551
5 283
After tax
6 925
1 296
8 449
10 717
Living cost
10 156
10 156
10 156
10 156
Free-cash
-3 231
-8 860
-1 707
561

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴7813
₴5730
₴4074
₴4074
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
16 000
work injury
-
-
-
80
health insurance
-
-
-
1 184
income
-
-
-
1 739
pensions
-
-
-
2 944
unemployment
-
-
-
192
total
-
-
-
6 139
Employee

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

9 259
-
16 000
-
work injury
46
-
80
-
income
926
-
1 739
-
pensions
1 704
-
2 944
-
health insurance
685
-
1 184
-
unemployment
111
-
192
-
total
3 472
-
6 139
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
6 741
16 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
6 741
16 000
-
-
withholding
1 011
2 400
-
-
total
1 011
2 400
-
-
Income
16 000
16 000
16 000
16 000
Total tax
4 483
2 400
6 139
6 139
After tax
11 517
13 600
9 861
9 861
Living cost
5 787
5 787
5 787
5 787
Free-cash
5 730
7 813
4 074
4 074

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8680
-₴20187
-₴8268
-₴9220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 000
municipal
-
-
-
107
regional
-
-
-
205
national
-
-
-
2 733
social contributions
-
-
-
4 115
total
-
-
-
7 160
Employee
36 187
-
16 000
-
social contributions
12 202
-
5 395
-
regional
546
-
183
-
municipal
216
-
95
-
national
6 115
-
2 439
-
total
19 079
-
8 112
-
Employer
36 187
-
16 000
-
total
-
-
-
-
Corporate
-
16 000
-
-
nationa
-
3 840
-
-
municipal
-
771
-
-
total
-
4 611
-
-
Dividends
-
11 389
-
-
withholding
-
2 961
-
-
total
-
2 961
-
-
Income
16 000
16 000
16 000
16 000
Total tax
19 079
7 572
8 112
7 160
After tax
-3 079
8 428
7 888
8 840
Living cost
17 108
17 108
17 108
17 108
Free-cash
-20 187
-8 680
-9 220
-8 268

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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