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
₴ 18000
per

Your estimated
City
free-cash

Dresden , Germany
-₴1272
-₴6416
-₴1717
-₴1272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
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.

-
-
-
3 522
trade
-
-
-
-
surtax

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

-
-
-
7
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.

-
-
-
129
total
-
-
-
3 658
Employee

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

19 716
-
18 000
-
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.

3 522
-
3 522
-
surtax

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

30
-
7
-
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.

551
-
129
-
total
4 103
-
3 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
2 835
-
-
chamber of commerce
-
104
-
-
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.

-
149
-
-
income
-
2 700
-
-
total
-
5 788
-
-
Dividends
-
12 213
-
-
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.

-
157
-
-
withholding
-
2 857
-
-
total
-
3 014
-
-
Income
18 000
18 000
18 000
18 000
Total tax
4 103
8 802
3 658
3 658
After tax
13 897
9 198
14 342
14 342
Living cost
15 614
15 614
15 614
15 614
Free-cash
-1 717
-6 416
-1 272
-1 272

Estimated living cost  is ₴15614 per week

₴9821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴15233
-₴16003
-₴28052
-₴15091
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
municipal
-
-
-
1 429
social contributions
-
-
-
194
national
-
-
-
2 215
pensions
-
-
-
2 160
total
-
-
-
5 998
Employee
42 219
-
15 561
-
pensions
1 689
-
622
-
national
8 081
-
2 323
-
municipal
5 215
-
1 499
-
total
14 985
-
4 444
-
Employer
42 219
-
15 561
-
pensions
3 378
-
1 245
-
social contributions
454
-
167
-
total
3 832
-
1 412
-
Corporate
-
18 000
-
-
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%.

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
14 400
-
-
withholding
-
3 168
-
-
total
-
3 168
-
-
Income
18 000
18 000
18 000
18 000
Total tax
18 817
6 768
5 856
5 998
After tax
-817
11 232
12 144
12 002
Living cost
27 235
27 235
27 235
27 235
Free-cash
-28 052
-16 003
-15 091
-15 233

Estimated living cost  is ₴27235 per week

₴18511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2953
₴3676
-₴690
-₴396
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
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.

-
-
-
1 623
income
-
-
-
-
microenterprise
-
-
-
2 700
surtax
-
-
-
-
total
-
-
-
4 323
Employee
15 063
-
14 506
-
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.

1 657
-
1 595
-
income
2 681
-
2 583
-
total
4 338
-
4 178
-
Employer
15 063
-
14 506
-
surtax
-
-
-
-
social contributions

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

3 628
-
3 494
-
total
3 628
-
3 494
-
Corporate
-
18 000
-
-
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%.

-
3 600
-
-
total
-
3 600
-
-
Dividends

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

-
14 400
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 966
3 600
7 672
4 323
After tax
10 034
14 400
10 328
13 677
Living cost
10 724
10 724
10 724
10 724
Free-cash
-690
3 676
-396
2 953

Estimated living cost  is ₴10724 per week

₴6842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1021
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.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11218
-₴30295
-₴33189
-₴33189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 764
pensions
-
-
-
3 240
income
-
-
-
1 620
total
-
-
-
7 624
Employee
44 020
44 020
44 020
-
health
6 757
5 747
6 757
-
pensions
7 924
6 040
7 924
-
income

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

7 205
7 205
7 205
-
total
21 886
18 992
21 886
-
Employer
44 020
44 020
44 020
-
health
3 060
3 060
3 060
-
pensions
3 064
3 064
3 064
-
unemployment
1 585
1 585
1 585
-
total
7 709
7 709
7 709
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
29 595
26 701
29 595
7 624
After tax
-11 595
-8 701
-11 595
10 376
Living cost
21 594
21 594
21 594
21 594
Free-cash
-33 189
-30 295
-33 189
-11 218

Estimated living cost  is ₴21594 per week

₴15303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1947
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12764
-₴11908
-₴22704
-₴12124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 123
accident
-
-
-
36
other
-
-
-
2 092
municipal
-
-
-
3 813
pensions
-
-
-
1 946
national
-
-
-
-
unemployment
-
-
-
18
total
-
-
-
9 028
Employee
30 971
-
13 697
-
national
-
-
-
-
municipal
9 236
-
4 084
-
total
9 236
-
4 084
-
Employer
30 971
-
13 697
-
health
1 905
-
842
-
accident
62
-
27
-
pensions
3 348
-
1 481
-
other
3 599
-
1 592
-
unemployment
818
-
362
-
total
9 732
-
4 304
-
Corporate
-
18 000
-
-
income
-
3 960
-
-
total
-
3 960
-
-
Dividends
-
14 040
-
-
withholding
-
4 212
-
-
total
-
4 212
-
-
Income
18 000
18 000
18 000
18 000
Total tax
18 968
8 172
8 388
9 028
After tax
-968
9 828
9 612
8 972
Living cost
21 736
21 736
21 736
21 736
Free-cash
-22 704
-11 908
-12 124
-12 764

Estimated living cost  is ₴21736 per week

₴14405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5908
-₴11146
-₴8141
-₴5908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
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.

-
-
-
3 522
trade
-
-
-
-
surtax

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

-
-
-
7
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.

-
-
-
129
total
-
-
-
3 658
Employee

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

26 141
-
18 000
-
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.

3 522
-
3 522
-
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.

123
-
7
-
income

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

2 246
-
129
-
total
5 891
-
3 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
2 961
-
-
chamber of commerce
-
104
-
-
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.

-
149
-
-
income
-
2 700
-
-
total
-
5 914
-
-
Dividends
-
12 087
-
-
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.

-
156
-
-
withholding
-
2 826
-
-
total
-
2 982
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 891
8 896
3 658
3 658
After tax
12 109
9 104
14 342
14 342
Living cost
20 250
20 250
20 250
20 250
Free-cash
-8 141
-11 146
-5 908
-5 908

Estimated living cost  is ₴20250 per week

₴13544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2277
-₴10377
-₴7557
-₴6380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 596
health
-
-
-
500
social contributions
-
-
-
3 057
income
-
-
-
-
total
-
-
-
3 557
Employee
39 638
39 638
39 638
-
health
394
674
278
-
social contributions
1 926
3 290
1 356
-
income
4 162
3 669
4 368
-
total
6 482
7 633
6 002
-
Employer
39 638
39 638
39 638
-
health
429
734
302
-
social contributions
1 926
3 290
1 356
-
total
2 355
4 024
1 658
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 837
11 657
7 660
3 557
After tax
9 163
6 343
10 340
14 443
Living cost
16 720
16 720
16 720
16 720
Free-cash
-7 557
-10 377
-6 380
-2 277

Estimated living cost  is ₴16720 per week

₴11430
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1306
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2685
₴488
₴682
₴651
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 260
pensions
-
-
-
1 800
unemployment
-
-
-
270
income
-
-
-
2 200
total
-
-
-
5 530
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.

14 125
5 622
15 063
-
health
989
394
1 054
-
pensions
1 413
562
1 506
-
unemployment
212
84
226
-
income
1 727
687
1 841
-
total
4 341
1 727
4 627
-
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.

14 125
5 622
15 063
-
pensions
2 754
1 096
2 937
-
total
2 754
1 096
2 937
-
Corporate
1 120
11 282
-
-
income
101
1 015
-
-
total
101
1 015
-
-
Dividends
1 019
10 267
-
-
social contributions
143
1 938
-
-
withholding
194
1 951
-
-
total
337
3 889
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 533
7 727
7 564
5 530
After tax
10 467
10 273
10 436
12 470
Living cost
9 785
9 785
9 785
9 785
Free-cash
682
488
651
2 685

Estimated living cost  is ₴9785 per week

₴6678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴801
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.
₴2112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1629
₴1949
-₴1566
-₴902
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 340
pensions
-
-
-
3 600
income
-
-
-
1 238
total
-
-
-
7 178
Employee
14 624
-
13 453
-
pensions
292
-
269
-
unemployment
234
-
215
-
income
1 646
-
1 420
-
total
2 172
-
1 904
-
Employer
14 624
-
13 453
-
health
1 901
-
1 749
-
pensions
2 925
-
2 690
-
unemployment
117
-
108
-
total
4 943
-
4 547
-
Corporate
-
18 000
-
-
income
-
3 600
-
-
total
-
3 600
-
-
Dividends
-
14 400
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 115
3 600
6 451
7 178
After tax
10 885
14 400
11 549
10 822
Living cost
12 451
12 451
12 451
12 451
Free-cash
-1 566
1 949
-902
-1 629

Estimated living cost  is ₴12451 per week

₴8540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
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.
₴2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴232
-₴10104
-₴3894
-₴2056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 146
accident
-
-
-
133
other
-
-
-
195
pensions
-
-
-
2 187
income
-
-
-
2 545
total
-
-
-
6 206
Employee
18 187
-
14 953
-
health
2 082
-
1 712
-
pensions
2 048
-
1 684
-
income
2 495
-
2 051
-
total
6 625
-
5 447
-
Employer
18 187
-
14 953
-
accident
304
-
250
-
pensions
2 957
-
2 431
-
unemployment
446
-
366
-
total
3 707
-
3 047
-
Corporate
-
18 000
-
-
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.

-
16 200
-
-
total
-
16 200
-
-
Dividends
-
1 800
-
-
withholding
-
342
-
-
total
-
342
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 332
16 542
8 494
6 206
After tax
7 668
1 458
9 506
11 794
Living cost
11 562
11 562
11 562
11 562
Free-cash
-3 894
-10 104
-2 056
232

Estimated living cost  is ₴11562 per week

₴8474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13618
₴12898
₴12111
₴10198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
18 000
microenterprise

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

-
-
-
180
total
-
-
-
180
Employee
5 252
-
18 000
-
income
1 050
-
3 600
-
total
1 050
-
3 600
-
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%.

12 748
18 000
-
-
total
-
-
-
-
Dividends
12 748
18 000
-
-
withholding
637
900
-
-
total
637
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
1 687
900
3 600
180
After tax
16 313
17 100
14 400
17 820
Living cost
4 202
4 202
4 202
4 202
Free-cash
12 111
12 898
10 198
13 618

Estimated living cost  is ₴4202 per week

₴2604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3989
-₴512
-₴5434
-₴3188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
792
other
-
-
-
855
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.

-
-
-
4 320
income
-
-
-
2 286
total
-
-
-
8 253
Employee
18 717
-
14 376
-
health
262
-
202
-
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.

1 310
-
1 007
-
unemployment
187
-
144
-
income
3 222
-
2 475
-
total
4 981
-
3 828
-
Employer
18 717
-
14 376
-
health
262
-
202
-
accident
150
-
115
-
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.

3 182
-
2 444
-
other
936
-
719
-
unemployment
187
-
144
-
total
4 717
-
3 624
-
Corporate
-
18 000
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
996
-
-
total
-
996
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 698
4 776
7 452
8 253
After tax
8 302
13 224
10 548
9 747
Living cost
13 736
13 736
13 736
13 736
Free-cash
-5 434
-512
-3 188
-3 989

Estimated living cost  is ₴13736 per week

₴9705
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20111
-₴20407
-₴36526
-₴21570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
773
income
-
-
-
3 445
total
-
-
-
4 218
Employee
47 954
-
16 384
-
health
790
-
143
-
pensions
4 626
-
838
-
income
8 644
-
3 080
-
total
14 060
-
4 061
-
Employer
47 954
-
16 384
-
health
911
-
311
-
pensions
5 662
-
1 305
-
total
6 573
-
1 616
-
Corporate
-
18 000
-
-
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.

-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
1 094
-
-
total
-
1 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
20 633
4 514
5 677
4 218
After tax
-2 633
13 486
12 323
13 782
Living cost
33 893
33 893
33 893
33 893
Free-cash
-36 526
-20 407
-21 570
-20 111

Estimated living cost  is ₴33893 per week

₴25397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3982
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4239
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3705
₴8601
₴6197
₴4577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 070
pensions

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

-
-
-
2 664
unemployment
-
-
-
72
income
-
-
-
2 700
total
-
-
-
7 506
Employee
8 989
-
15 047
-
health
413
-
692
-
accident

We are using the highest rate at 1.1%.

99
-
165
-
pensions

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

789
-
1 321
-
income
899
-
1 505
-
total
2 200
-
3 683
-
Employer
8 989
-
15 047
-
health
620
-
1 038
-
accident

We are using the highest rate at 1.1%.

99
-
165
-
pensions

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

991
-
1 658
-
unemployment
54
-
90
-
total
1 764
-
2 951
-
Corporate
7 247
18 000
-
-
income
724
1 800
-
-
total
724
1 800
-
-
Dividends
6 522
16 200
-
-
withholding
326
810
-
-
total
326
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 014
2 610
6 634
7 506
After tax
12 986
15 390
11 366
10 494
Living cost
6 789
6 789
6 789
6 789
Free-cash
6 197
8 601
4 577
3 705

Estimated living cost  is ₴6789 per week

₴3963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18209
-₴37285
-₴38160
-₴40180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 764
pensions
-
-
-
3 240
income
-
-
-
1 620
total
-
-
-
7 624
Employee
47 792
44 020
44 020
-
health
5 962
5 747
6 757
-
pensions
6 040
6 040
7 924
-
income

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

7 205
7 205
7 205
-
total
19 207
18 992
21 886
-
Employer
47 792
44 020
44 020
-
health
3 321
3 060
3 060
-
pensions
3 326
3 064
3 064
-
unemployment
1 721
1 585
1 585
-
total
8 368
7 709
7 709
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
27 575
26 701
29 595
7 624
After tax
-9 575
-8 701
-11 595
10 376
Living cost
28 584
28 584
28 584
28 584
Free-cash
-38 160
-37 285
-40 180
-18 209

Estimated living cost  is ₴28584 per week

₴21086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4082
-₴456
-₴7320
-₴3714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 430
social contributions
-
-
-
5 256
solidarity contribution
-
-
-
-
income
-
-
-
1 547
total
-
-
-
9 233
Employee
18 895
-
13 433
-
health
2 551
-
1 813
-
solidarity contribution
-
-
-
-
social contributions
1 228
-
873
-
income
2 267
-
1 612
-
total
6 046
-
4 298
-
Employer
18 895
-
13 433
-
health
1 701
-
1 209
-
social contributions
4 724
-
3 358
-
total
6 425
-
4 567
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 471
5 607
8 865
9 233
After tax
5 529
12 393
9 135
8 767
Living cost
12 849
12 849
12 849
12 849
Free-cash
-7 320
-456
-3 714
-4 082

Estimated living cost  is ₴12849 per week

₴8925
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴914
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11729
-₴12148
-₴27813
-₴12809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
regional
-
-
-
164
municipal
-
-
-
107
social contributions
-
-
-
4 630
national
-
-
-
3 076
total
-
-
-
7 977
Employee
45 813
-
18 000
-
regional
432
-
147
-
national
7 938
-
2 744
-
social contributions
15 448
-
6 070
-
municipal
243
-
96
-
total
24 061
-
9 057
-
Employer
45 813
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
nationa
-
4 320
-
-
municipal
-
702
-
-
total
-
5 022
-
-
Dividends
-
12 978
-
-
withholding
-
3 374
-
-
total
-
3 374
-
-
Income
18 000
18 000
18 000
18 000
Total tax
24 061
8 396
9 057
7 977
After tax
-6 061
9 604
8 943
10 023
Living cost
21 752
21 752
21 752
21 752
Free-cash
-27 813
-12 148
-12 809
-11 729

Estimated living cost  is ₴21752 per week

₴15163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴999
-₴53
-₴2635
-₴1422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 279
other
-
-
-
-
pensions
-
-
-
3 600
unemployment
-
-
-
117
income
-
-
-
2 601
surtax
-
-
-
27
total
-
-
-
7 624
Employee
17 047
-
14 870
-
health
435
-
380
-
pensions
1 137
-
992
-
unemployment
1 187
-
1 035
-
surtax
56
-
16
-
income
2 857
-
2 493
-
other
-
-
-
-
total
5 672
-
4 916
-
Employer
17 047
-
14 870
-
health
776
-
677
-
pensions
2 272
-
1 982
-
other
-
-
-
-
unemployment
540
-
472
-
total
3 588
-
3 131
-
Corporate
-
18 000
-
-
income
-
4 680
-
-
total
-
4 680
-
-
Dividends
-
13 320
-
-
withholding
-
1 998
-
-
total
-
1 998
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 260
6 678
8 047
7 624
After tax
8 740
11 322
9 953
10 376
Living cost
11 375
11 375
11 375
11 375
Free-cash
-2 635
-53
-1 422
-999

Estimated living cost  is ₴11375 per week

₴6955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1050
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.
₴3108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9373
-₴9669
-₴18228
-₴10832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
773
income
-
-
-
3 445
total
-
-
-
4 218
Employee
32 137
-
16 384
-
health
467
-
143
-
pensions
2 728
-
838
-
income
5 788
-
3 080
-
total
8 983
-
4 061
-
Employer
32 137
-
16 384
-
health
611
-
311
-
pensions
3 479
-
1 305
-
total
4 090
-
1 616
-
Corporate
-
18 000
-
-
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.

-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
1 094
-
-
total
-
1 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 073
4 514
5 677
4 218
After tax
4 927
13 486
12 323
13 782
Living cost
23 155
23 155
23 155
23 155
Free-cash
-18 228
-9 669
-10 832
-9 373

Estimated living cost  is ₴23155 per week

₴17348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴26441
-₴33657
-₴35690
-₴27997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
137
city
-
-
-
188
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.

-
-
-
360
regional
-
-
-
209
pensions
-
-
-
1 656
national
-
-
-
2
total
-
-
-
2 552
Employee
49 021
-
15 773
-
health
111
-
36
-
regional
1 605
-
150
-
pensions
4 118
-
1 703
-
unemployment
-
-
-
-
national
232
-
-
-
city
526
-
165
-
total
6 592
-
2 054
-
Employer
49 021
-
15 773
-
health
111
-
36
-
pensions
4 118
-
1 703
-
other

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

980
-
315
-
unemployment
-
-
-
-
total
5 209
-
2 054
-
Corporate
-
18 000
-
-
national
-
1 530
-
-
regional
-
3 807
-
-
total
-
5 337
-
-
Dividends
-
12 663
-
-
withholding
-
4 431
-
-
total
-
4 431
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 801
9 768
4 108
2 552
After tax
6 199
8 232
13 892
15 448
Living cost
41 889
41 889
41 889
41 889
Free-cash
-35 690
-33 657
-27 997
-26 441

Estimated living cost  is ₴41889 per week

₴27240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3759
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10376
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9273
-₴14603
-₴12981
-₴9273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
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.

-
-
-
3 522
trade
-
-
-
-
surtax

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

-
-
-
7
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.

-
-
-
129
total
-
-
-
3 658
Employee

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

30 980
-
18 000
-
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.

3 522
-
3 522
-
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.

201
-
7
-
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.

3 643
-
129
-
total
7 366
-
3 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
3 087
-
-
chamber of commerce
-
104
-
-
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.

-
149
-
-
income
-
2 700
-
-
total
-
6 040
-
-
Dividends
-
11 960
-
-
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.

-
154
-
-
withholding
-
2 794
-
-
total
-
2 948
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 366
8 988
3 658
3 658
After tax
10 634
9 012
14 342
14 342
Living cost
23 615
23 615
23 615
23 615
Free-cash
-12 981
-14 603
-9 273
-9 273

Estimated living cost  is ₴23615 per week

₴17247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴6589
-₴8565
-₴10952
-₴6156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
157
other
-
-
-
558
pensions
-
-
-
5 498
social contributions
-
-
-
513
income
-
-
-
226
surtax
-
-
-
-
total
-
-
-
6 952
Employee
22 062
-
13 715
-
pensions
2 494
-
1 551
-
surtax
-
-
-
-
social contributions
629
-
391
-
income
1 302
-
293
-
total
4 425
-
2 235
-
Employer
22 062
-
13 715
-
health
1 545
-
960
-
pensions
3 624
-
2 254
-
other
761
-
473
-
social contributions
67
-
41
-
unemployment
893
-
556
-
total
6 890
-
4 284
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
social contributions
-
2 229
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
total
-
3 888
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 315
8 928
6 519
6 952
After tax
6 685
9 072
11 481
11 048
Living cost
17 637
17 637
17 637
17 637
Free-cash
-10 952
-8 565
-6 156
-6 589

Estimated living cost  is ₴17637 per week

₴11121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1434
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4841
-₴6817
-₴7843
-₴4408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
157
other
-
-
-
558
pensions
-
-
-
5 498
social contributions
-
-
-
513
income
-
-
-
226
surtax
-
-
-
-
total
-
-
-
6 952
Employee
19 693
-
13 715
-
pensions
2 227
-
1 551
-
surtax
-
-
-
-
social contributions
562
-
391
-
income
1 015
-
293
-
total
3 804
-
2 235
-
Employer
19 693
-
13 715
-
health
1 378
-
960
-
pensions
3 236
-
2 254
-
other
680
-
473
-
social contributions
59
-
41
-
unemployment
797
-
556
-
total
6 150
-
4 284
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
social contributions
-
2 229
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
total
-
3 888
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 954
8 928
6 519
6 952
After tax
8 046
9 072
11 481
11 048
Living cost
15 889
15 889
15 889
15 889
Free-cash
-7 843
-6 817
-4 408
-4 841

Estimated living cost  is ₴15889 per week

₴9215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴629
₴52
-₴932
₴294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 256
social contributions
-
-
-
2 484
income
-
-
-
2 700
total
-
-
-
6 440
Employee
17 478
-
18 000
-
health
1 220
-
1 256
-
social contributions
2 412
-
2 484
-
income
2 915
-
3 035
-
total
6 547
-
6 775
-
Employer
17 478
-
18 000
-
total
-
-
-
-
Corporate
522
18 000
-
-
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%.

26
900
-
-
total
26
900
-
-
Dividends
496
17 100
-
-
social contributions
899
2 359
-
-
health
455
1 193
-
-
withholding
74
2 565
-
-
total
1 428
6 117
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 001
7 017
6 775
6 440
After tax
9 999
10 983
11 225
11 560
Living cost
10 931
10 931
10 931
10 931
Free-cash
-932
52
294
629

Estimated living cost  is ₴10931 per week

₴7315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴674
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.
₴2689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8207
-₴11901
-₴15767
-₴11878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 377
pensions
-
-
-
3 330
unemployment
-
-
-
3 162
income
-
-
-
-
chamber of commerce
-
-
-
72
surtax
-
-
-
102
total
-
-
-
8 043
Employee
25 762
20 543
20 543
-
health
997
795
522
-
pensions
2 638
2 103
1 382
-
unemployment
773
616
405
-
income
2 933
1 515
1 883
-
other
257
205
135
-
total
7 598
5 234
4 327
-
Employer
25 762
20 543
20 543
-
payroll
773
616
616
-
health
973
777
511
-
surtax
102
102
102
-
accident
335
267
175
-
pensions
3 233
2 579
1 694
-
chamber of commerce
103
82
82
-
other
1 224
975
916
-
unemployment
773
616
405
-
total
7 516
6 014
4 501
-
Corporate
1 956
1 956
11 543
-
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.

489
489
2 886
-
total
489
489
2 886
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 603
11 737
11 714
8 043
After tax
2 397
6 263
6 286
9 957
Living cost
18 164
18 164
18 164
18 164
Free-cash
-15 767
-11 901
-11 878
-8 207

Estimated living cost  is ₴18164 per week

₴12114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7669
-₴8578
-₴29605
-₴10434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
997
national
-
-
-
4 857
communal

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

-
-
-
1 020
total
-
-
-
6 874
Employee

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

36 873
-
13 940
-
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.

1 732
-
655
-
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.

2 765
-
1 046
-
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.

321
-
121
-
national
11 336
-
3 030
-
communal

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

1 923
-
727
-
total
18 077
-
5 579
-
Employer

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

36 873
-
13 940
-
health

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

2 268
-
858
-
surtax
4 181
-
1 581
-
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.

479
-
182
-
pensions

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

3 267
-
1 236
-
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.

538
-
203
-
total
10 733
-
4 060
-
Corporate
-
18 000
-
-
surtax
-
72
-
-
income
-
3 600
-
-
total
-
3 672
-
-
Dividends
-
14 328
-
-
withholding

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

-
4 111
-
-
total
-
4 111
-
-
Income
18 000
18 000
18 000
18 000
Total tax
28 810
7 783
9 639
6 874
After tax
-10 810
10 217
8 361
11 126
Living cost
18 795
18 795
18 795
18 795
Free-cash
-29 605
-8 578
-10 434
-7 669

Estimated living cost  is ₴18795 per week

₴12107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8431
-₴6412
-₴15838
-₴9368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
162
other
-
-
-
18
pensions
-
-
-
5 094
unemployment
-
-
-
126
income
-
-
-
2 415
total
-
-
-
7 815
Employee
25 660
-
12 512
-
pensions
1 206
-
809
-
unemployment
398
-
267
-
other
25
-
18
-
income
5 414
-
2 170
-
total
7 043
-
3 264
-
Employer
25 660
-
12 512
-
accident
508
-
340
-
pensions
6 055
-
4 063
-
other
204
-
138
-
unemployment
1 412
-
947
-
total
8 179
-
5 488
-
Corporate
-
18 000
-
-
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.

-
2 700
-
-
total
-
2 700
-
-
Dividends
-
15 300
-
-
withholding
-
3 096
-
-
total
-
3 096
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 222
5 796
8 752
7 815
After tax
2 778
12 204
9 248
10 185
Living cost
18 616
18 616
18 616
18 616
Free-cash
-15 838
-6 412
-9 368
-8 431

Estimated living cost  is ₴18616 per week

₴13709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16919
-₴16689
-₴25703
-₴16919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 839
accident
-
-
-
221
pensions
-
-
-
3 925
communal
-
-
-
-
income
-
-
-
79
surtax
-
-
-
841
total
-
-
-
6 905
Employee
39 037
-
15 068
-
health
1 737
-
1 092
-
pensions
3 123
-
1 962
-
surtax
2 393
-
841
-
income
3 771
-
79
-
total
11 024
-
3 974
-
Employer
39 037
-
15 068
-
health
1 191
-
748
-
accident
351
-
221
-
pensions
3 123
-
1 962
-
total
4 665
-
2 931
-
Corporate
-
18 000
-
-
communal
-
1 215
-
-
surtax
-
189
-
-
income
-
2 700
-
-
total
-
4 104
-
-
Dividends
-
13 896
-
-
income
-
486
-
-
withholding
-
2 085
-
-
total
-
2 571
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 689
6 675
6 905
6 905
After tax
2 311
11 325
11 095
11 095
Living cost
28 014
28 014
28 014
28 014
Free-cash
-25 703
-16 689
-16 919
-16 919

Estimated living cost  is ₴28014 per week

₴21014
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.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1202
-₴256
-₴3013
-₴1625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 279
other
-
-
-
-
pensions
-
-
-
3 600
unemployment
-
-
-
117
income
-
-
-
2 601
surtax
-
-
-
27
total
-
-
-
7 624
Employee
17 360
-
14 870
-
health
443
-
380
-
pensions
1 158
-
992
-
unemployment
1 208
-
1 035
-
surtax
62
-
16
-
income
2 910
-
2 493
-
other
-
-
-
-
total
5 781
-
4 916
-
Employer
17 360
-
14 870
-
health
789
-
677
-
pensions
2 314
-
1 982
-
other
-
-
-
-
unemployment
551
-
472
-
total
3 654
-
3 131
-
Corporate
-
18 000
-
-
income
-
4 680
-
-
total
-
4 680
-
-
Dividends
-
13 320
-
-
withholding
-
1 998
-
-
total
-
1 998
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 435
6 678
8 047
7 624
After tax
8 565
11 322
9 953
10 376
Living cost
11 578
11 578
11 578
11 578
Free-cash
-3 013
-256
-1 625
-1 202

Estimated living cost  is ₴11578 per week

₴6990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3970
-₴4425
-₴10595
-₴5039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
regional
-
-
-
271
municipal
-
-
-
107
social contributions
-
-
-
4 630
national
-
-
-
3 076
total
-
-
-
8 084
Employee
28 595
-
18 000
-
regional
385
-
243
-
national
4 530
-
2 744
-
social contributions
9 642
-
6 070
-
municipal
152
-
96
-
total
14 709
-
9 153
-
Employer
28 595
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
nationa
-
4 320
-
-
municipal
-
895
-
-
total
-
5 215
-
-
Dividends
-
12 785
-
-
withholding
-
3 324
-
-
total
-
3 324
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 709
8 539
9 153
8 084
After tax
3 291
9 461
8 847
9 916
Living cost
13 886
13 886
13 886
13 886
Free-cash
-10 595
-4 425
-5 039
-3 970

Estimated living cost  is ₴13886 per week

₴8636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7066
-₴3440
-₴13200
-₴6698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 430
social contributions
-
-
-
5 256
solidarity contribution
-
-
-
-
income
-
-
-
1 547
total
-
-
-
9 233
Employee
23 284
-
13 433
-
health
3 143
-
1 813
-
solidarity contribution
-
-
-
-
social contributions
1 513
-
873
-
income
2 794
-
1 612
-
total
7 450
-
4 298
-
Employer
23 284
-
13 433
-
health
2 096
-
1 209
-
social contributions
5 821
-
3 358
-
total
7 917
-
4 567
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 367
5 607
8 865
9 233
After tax
2 633
12 393
9 135
8 767
Living cost
15 833
15 833
15 833
15 833
Free-cash
-13 200
-3 440
-6 698
-7 066

Estimated living cost  is ₴15833 per week

₴11775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2908
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6387
-₴10081
-₴11507
-₴10107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 377
pensions
-
-
-
3 330
unemployment
-
-
-
3 162
income
-
-
-
-
chamber of commerce
-
-
-
72
surtax
-
-
-
-
total
-
-
-
7 941
Employee
22 533
20 543
20 543
-
health
872
795
525
-
pensions
2 308
2 103
1 391
-
unemployment
676
616
408
-
income
2 007
1 515
1 878
-
other
225
205
136
-
total
6 088
5 234
4 338
-
Employer
22 533
20 543
20 543
-
payroll
676
616
616
-
health
852
777
514
-
surtax
-
-
-
-
accident
292
267
176
-
pensions
2 828
2 579
1 704
-
chamber of commerce
90
82
82
-
other
1 070
975
917
-
unemployment
676
616
408
-
total
6 484
5 912
4 417
-
Corporate
1 956
1 956
11 627
-
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.

489
489
2 906
-
total
489
489
2 906
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 061
11 635
11 661
7 941
After tax
4 939
6 365
6 339
10 059
Living cost
16 446
16 446
16 446
16 446
Free-cash
-11 507
-10 081
-10 107
-6 387

Estimated living cost  is ₴16446 per week

₴9865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11272
₴10552
₴9324
₴7852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
18 000
microenterprise

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

-
-
-
180
total
-
-
-
180
Employee
8 185
-
18 000
-
income
1 637
-
3 600
-
total
1 637
-
3 600
-
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%.

9 815
18 000
-
-
total
-
-
-
-
Dividends
9 815
18 000
-
-
withholding
491
900
-
-
total
491
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
2 128
900
3 600
180
After tax
15 872
17 100
14 400
17 820
Living cost
6 548
6 548
6 548
6 548
Free-cash
9 324
10 552
7 852
11 272

Estimated living cost  is ₴6548 per week

₴4431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴275
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.
₴1622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3537
-₴1434
-₴8344
-₴4108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
health
-
-
-
1 772
pensions
-
-
-
3 287
unemployment
-
-
-
27
income
-
-
-
2 624
total
-
-
-
7 710
Employee

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

22 795
-
15 575
-
health
1 472
-
1 007
-
pensions
3 533
-
2 414
-
unemployment
32
-
22
-
income
3 931
-
2 413
-
total
8 968
-
5 856
-
Employer

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

22 795
-
15 575
-
health
1 518
-
1 037
-
pensions
2 017
-
1 378
-
unemployment
14
-
10
-
total
3 549
-
2 425
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 517
5 607
8 281
7 710
After tax
5 483
12 393
9 719
10 290
Living cost
13 826
13 826
13 826
13 826
Free-cash
-8 344
-1 434
-4 108
-3 537

Estimated living cost  is ₴13826 per week

₴9489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10841
-₴12329
-₴62447
-₴12749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
2 052
income
-
-
-
3 509
total
-
-
-
5 561
Employee
33 381
-
2 078
-
social contributions
2 737
-
390
-
income
7 363
-
371
-
total
10 100
-
761
-
Employer
33 381
-
2 078
-
social contributions
47 067
-
6 708
-
total
47 067
-
6 708
-
Corporate
-
18 000
-
-
income
-
3 960
-
-
total
-
3 960
-
-
Dividends
-
14 040
-
-
income
-
3 089
-
-
total
-
3 089
-
-
Income
18 000
18 000
18 000
18 000
Total tax
57 167
7 049
7 469
5 561
After tax
-39 167
10 951
10 531
12 439
Living cost
23 280
23 280
23 280
23 280
Free-cash
-62 447
-12 329
-12 749
-10 841

Estimated living cost  is ₴23280 per week

₴15105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2190
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5501
-₴5930
-₴11339
-₴5747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
social contributions

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

-
-
-
6 255
income
-
-
-
1 077
surtax
-
-
-
-
total
-
-
-
7 332
Employee
23 708
-
14 545
-
surtax
-
-
-
-
social contributions
2 608
-
1 600
-
income
4 931
-
2 524
-
total
7 539
-
4 124
-
Employer
23 708
-
14 545
-
social contributions
5 631
-
3 454
-
total
5 631
-
3 454
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 981
-
-
total
-
3 981
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 170
7 761
7 578
7 332
After tax
4 830
10 239
10 422
10 668
Living cost
16 169
16 169
16 169
16 169
Free-cash
-11 339
-5 930
-5 747
-5 501

Estimated living cost  is ₴16169 per week

₴12098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13849
-₴15825
-₴24370
-₴13416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
157
other
-
-
-
558
pensions
-
-
-
5 498
social contributions
-
-
-
513
income
-
-
-
226
surtax
-
-
-
-
total
-
-
-
6 952
Employee
32 286
-
13 715
-
pensions
3 652
-
1 551
-
surtax
-
-
-
-
social contributions
920
-
391
-
income
2 817
-
293
-
total
7 389
-
2 235
-
Employer
32 286
-
13 715
-
health
2 260
-
960
-
pensions
5 305
-
2 254
-
other
1 114
-
473
-
social contributions
97
-
41
-
unemployment
1 308
-
556
-
total
10 084
-
4 284
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
social contributions
-
2 229
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
total
-
3 888
-
-
Income
18 000
18 000
18 000
18 000
Total tax
17 473
8 928
6 519
6 952
After tax
527
9 072
11 481
11 048
Living cost
24 897
24 897
24 897
24 897
Free-cash
-24 370
-15 825
-13 416
-13 849

Estimated living cost  is ₴24897 per week

₴16850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1455
₴705
-₴1141
-₴923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
-
social contributions
-
-
-
3 960
total
-
-
-
3 960
Employee
16 572
-
15 585
-
social contributions
1 077
-
1 013
-
income
-
-
-
-
total
1 077
-
1 013
-
Employer
16 572
-
15 585
-
social contributions
2 569
-
2 415
-
total
2 569
-
2 415
-
Corporate
-
18 000
-
-
income
-
1 800
-
-
total
-
1 800
-
-
Dividends
-
16 200
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
3 646
1 800
3 428
3 960
After tax
14 354
16 200
14 572
14 040
Living cost
15 495
15 495
15 495
15 495
Free-cash
-1 141
705
-923
-1 455

Estimated living cost  is ₴15495 per week

₴10019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12356
-₴94124
-₴94124
-₴94124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
municipal
-
-
-
2 323
labour market
-
-
-
1 404
national
-
-
-
1 399
pensions
-
-
-
446
total
-
-
-
5 572
Employee
104 607
104 607
104 607
-
pensions
149
149
149
-
labour market
8 357
8 357
8 357
-
national
12 780
12 780
12 780
-
municipal
22 275
22 275
22 275
-
total
43 561
43 561
43 561
-
Employer
104 607
104 607
104 607
-
municipal
22 311
22 311
22 311
-
labour market
8 369
8 369
8 369
-
national
12 802
12 802
12 802
-
pensions
297
297
297
-
total
43 779
43 779
43 779
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
87 340
87 340
87 340
5 572
After tax
-69 340
-69 340
-69 340
12 428
Living cost
24 784
24 784
24 784
24 784
Free-cash
-94 124
-94 124
-94 124
-12 356

Estimated living cost  is ₴24784 per week

₴16962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴403
-₴9933
-₴3571
-₴1885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 146
accident
-
-
-
133
other
-
-
-
195
pensions
-
-
-
2 187
income
-
-
-
2 545
total
-
-
-
6 206
Employee
17 919
-
14 953
-
health
2 052
-
1 712
-
pensions
2 018
-
1 684
-
income
2 458
-
2 051
-
total
6 528
-
5 447
-
Employer
17 919
-
14 953
-
accident
299
-
250
-
pensions
2 914
-
2 431
-
unemployment
439
-
366
-
total
3 652
-
3 047
-
Corporate
-
18 000
-
-
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.

-
16 200
-
-
total
-
16 200
-
-
Dividends
-
1 800
-
-
withholding
-
342
-
-
total
-
342
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 180
16 542
8 494
6 206
After tax
7 820
1 458
9 506
11 794
Living cost
11 391
11 391
11 391
11 391
Free-cash
-3 571
-9 933
-1 885
403

Estimated living cost  is ₴11391 per week

₴8291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴649
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5125
-₴7335
-₴14236
-₴8413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
18 000
health
-
-
-
62
municipal
-
-
-
3 229
national
-
-
-
43
total
-
-
-
3 334
Employee
27 121
-
15 143
-
health
202
-
18
-
pensions
1 830
-
1 022
-
unemployment
407
-
227
-
national
448
-
-
-
municipal
4 442
-
2 497
-
total
7 329
-
3 764
-
Employer
27 121
-
15 143
-
health
208
-
116
-
accident
27
-
15
-
pensions
4 705
-
2 628
-
unemployment
176
-
99
-
total
5 116
-
2 858
-
Corporate
-
18 000
-
-
income
-
3 600
-
-
total
-
3 600
-
-
Dividends

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

-
10 800
-
-
national
-
-
-
-
municipal
-
1 944
-
-
total
-
1 944
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 445
5 544
6 622
3 334
After tax
5 555
12 456
11 378
14 666
Living cost
19 791
19 791
19 791
19 791
Free-cash
-14 236
-7 335
-8 413
-5 125

Estimated living cost  is ₴19791 per week

₴12927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2508
-₴5592
-₴1890
-₴1595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 596
health
-
-
-
500
social contributions
-
-
-
3 057
income
-
-
-
-
total
-
-
-
3 557
Employee
39 638
39 638
39 638
-
health
307
674
278
-
social contributions
1 499
3 290
1 356
-
income
4 316
3 669
4 368
-
total
6 122
7 633
6 002
-
Employer
39 638
39 638
39 638
-
health
334
734
302
-
social contributions
1 499
3 290
1 356
-
total
1 833
4 024
1 658
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 955
11 657
7 660
3 557
After tax
10 045
6 343
10 340
14 443
Living cost
11 935
11 935
11 935
11 935
Free-cash
-1 890
-5 592
-1 595
2 508

Estimated living cost  is ₴11935 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3426
₴6722
₴4098
₴3038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 000
health
-
-
-
1 865
pensions
-
-
-
3 279
unemployment
-
-
-
15
income
-
-
-
1 231
total
-
-
-
6 390
Employee

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

11 832
-
16 319
-
health
1 006
-
1 387
-
pensions
1 775
-
2 448
-
unemployment
59
-
81
-
income
809
-
1 182
-
total
3 649
-
5 098
-
Employer

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

11 832
-
16 319
-
health
509
-
701
-
pensions
651
-
898
-
unemployment
59
-
81
-
total
1 219
-
1 680
-
Corporate
4 950
18 000
-
-
income
445
1 620
-
-
total
445
1 620
-
-
Dividends
4 505
16 380
-
-
withholding
405
1 474
-
-
total
405
1 474
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 718
3 094
6 778
6 390
After tax
12 282
14 906
11 222
11 610
Living cost
8 184
8 184
8 184
8 184
Free-cash
4 098
6 722
3 038
3 426

Estimated living cost  is ₴8184 per week

₴5222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴590
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.
₴2129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3990
-₴1971
-₴7138
-₴4927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
162
other
-
-
-
18
pensions
-
-
-
5 094
unemployment
-
-
-
126
income
-
-
-
2 415
total
-
-
-
7 815
Employee
19 061
-
12 512
-
pensions
896
-
809
-
unemployment
295
-
267
-
other
19
-
18
-
income
3 675
-
2 170
-
total
4 885
-
3 264
-
Employer
19 061
-
12 512
-
accident
378
-
340
-
pensions
4 498
-
4 063
-
other
153
-
138
-
unemployment
1 049
-
947
-
total
6 078
-
5 488
-
Corporate
-
18 000
-
-
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.

-
2 700
-
-
total
-
2 700
-
-
Dividends
-
15 300
-
-
withholding
-
3 096
-
-
total
-
3 096
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 963
5 796
8 752
7 815
After tax
7 037
12 204
9 248
10 185
Living cost
14 175
14 175
14 175
14 175
Free-cash
-7 138
-1 971
-4 927
-3 990

Estimated living cost  is ₴14175 per week

₴9568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10201
₴10288
₴10133
₴10135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
499
pensions
-
-
-
689
income
-
-
-
5 667
total
-
-
-
6 855
Employee
1 438
-
17 225
-
health
72
-
172
-
pensions
129
-
310
-
unemployment
14
-
34
-
income
278
-
5 630
-
total
493
-
6 146
-
Employer
1 438
-
17 225
-
health
137
-
327
-
pensions
158
-
379
-
unemployment
29
-
69
-
total
324
-
775
-
Corporate
16 239
18 000
-
-
income
3 573
3 960
-
-
total
3 573
3 960
-
-
Dividends
12 666
14 040
-
-
withholding
2 533
2 808
-
-
total
2 533
2 808
-
-
Income
18 000
18 000
18 000
18 000
Total tax
6 923
6 768
6 921
6 855
After tax
11 077
11 232
11 079
11 145
Living cost
944
944
944
944
Free-cash
10 133
10 288
10 135
10 201

Estimated living cost  is ₴944 per week

₴561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴334
₴4104
₴1572
₴1108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
health
-
-
-
1 854
pensions
-
-
-
4 680
unemployment
-
-
-
270
income
-
-
-
1 961
total
-
-
-
8 765
Employee

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

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

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

13 422
-
15 267
-
health
691
-
786
-
pensions
1 879
-
2 137
-
unemployment
101
-
115
-
income
1 850
-
2 220
-
total
4 521
-
5 258
-
Employer

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

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

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

13 422
-
15 267
-
health
691
-
786
-
pensions
1 611
-
1 832
-
unemployment
101
-
115
-
total
2 403
-
2 733
-
Corporate
2 175
18 000
-
-
income
326
2 700
-
-
total
326
2 700
-
-
Dividends
1 849
15 300
-
-
withholding
277
2 295
-
-
total
277
2 295
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 527
4 995
7 991
8 765
After tax
10 473
13 005
10 009
9 235
Living cost
8 901
8 901
8 901
8 901
Free-cash
1 572
4 104
1 108
334

Estimated living cost  is ₴8901 per week

₴5993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴688
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.
₴1962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3229
-₴3658
-₴6758
-₴3475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
social contributions

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

-
-
-
6 255
income
-
-
-
1 077
surtax
-
-
-
-
total
-
-
-
7 332
Employee
20 007
-
14 545
-
surtax
-
-
-
-
social contributions
2 201
-
1 600
-
income
3 909
-
2 524
-
total
6 110
-
4 124
-
Employer
20 007
-
14 545
-
social contributions
4 751
-
3 454
-
total
4 751
-
3 454
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 981
-
-
total
-
3 981
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 861
7 761
7 578
7 332
After tax
7 139
10 239
10 422
10 668
Living cost
13 897
13 897
13 897
13 897
Free-cash
-6 758
-3 658
-3 475
-3 229

Estimated living cost  is ₴13897 per week

₴9843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
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.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7931
-₴5912
-₴14833
-₴8868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
162
other
-
-
-
18
pensions
-
-
-
5 094
unemployment
-
-
-
126
income
-
-
-
2 415
total
-
-
-
7 815
Employee
24 896
-
12 512
-
pensions
1 170
-
809
-
unemployment
385
-
267
-
other
24
-
18
-
income
5 200
-
2 170
-
total
6 779
-
3 264
-
Employer
24 896
-
12 512
-
accident
493
-
340
-
pensions
5 875
-
4 063
-
other
200
-
138
-
unemployment
1 370
-
947
-
total
7 938
-
5 488
-
Corporate
-
18 000
-
-
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.

-
2 700
-
-
total
-
2 700
-
-
Dividends
-
15 300
-
-
withholding
-
3 096
-
-
total
-
3 096
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 717
5 796
8 752
7 815
After tax
3 283
12 204
9 248
10 185
Living cost
18 116
18 116
18 116
18 116
Free-cash
-14 833
-5 912
-8 868
-7 931

Estimated living cost  is ₴18116 per week

₴13010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1587
₴6483
₴3326
₴2459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 070
pensions

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

-
-
-
2 664
unemployment
-
-
-
72
income
-
-
-
2 700
total
-
-
-
7 506
Employee
11 795
-
15 047
-
health
543
-
692
-
accident

We are using the highest rate at 1.1%.

130
-
165
-
pensions

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

1 035
-
1 321
-
income
1 180
-
1 505
-
total
2 888
-
3 683
-
Employer
11 795
-
15 047
-
health
814
-
1 038
-
accident

We are using the highest rate at 1.1%.

130
-
165
-
pensions

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

1 300
-
1 658
-
unemployment
71
-
90
-
total
2 315
-
2 951
-
Corporate
3 891
18 000
-
-
income
389
1 800
-
-
total
389
1 800
-
-
Dividends
3 502
16 200
-
-
withholding
175
810
-
-
total
175
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 767
2 610
6 634
7 506
After tax
12 233
15 390
11 366
10 494
Living cost
8 907
8 907
8 907
8 907
Free-cash
3 326
6 483
2 459
1 587

Estimated living cost  is ₴8907 per week

₴5891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴510
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.
₴2294
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5560
-₴10519
-₴7649
-₴5560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
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.

-
-
-
3 522
trade
-
-
-
-
surtax

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

-
-
-
7
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.

-
-
-
129
total
-
-
-
3 658
Employee

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

25 649
-
18 000
-
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.

3 522
-
3 522
-
surtax

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

116
-
7
-
income

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

2 109
-
129
-
total
5 747
-
3 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
2 583
-
-
chamber of commerce
-
105
-
-
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.

-
149
-
-
income
-
2 700
-
-
total
-
5 537
-
-
Dividends
-
12 464
-
-
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.

-
160
-
-
withholding
-
2 920
-
-
total
-
3 080
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 747
8 617
3 658
3 658
After tax
12 253
9 383
14 342
14 342
Living cost
19 902
19 902
19 902
19 902
Free-cash
-7 649
-10 519
-5 560
-5 560

Estimated living cost  is ₴19902 per week

₴13729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14006
-₴16764
-₴22323
-₴14006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
1 986
social contributions
-
-
-
656
total
-
-
-
2 642
Employee
40 323
-
18 000
-
social contributions
3 350
-
656
-
income
7 609
-
1 986
-
total
10 959
-
2 642
-
Employer
40 323
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 250
-
-
total
-
2 250
-
-
Dividends
-
15 750
-
-
withholding
-
3 150
-
-
total
-
3 150
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 959
5 400
2 642
2 642
After tax
7 041
12 600
15 358
15 358
Living cost
29 364
29 364
29 364
29 364
Free-cash
-22 323
-16 764
-14 006
-14 006

Estimated living cost  is ₴29364 per week

₴22340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18499
-₴8767
-₴9555
-₴4916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
income
-
-
-
14 673
health

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

-
-
-
3 114
total
-
-
-
17 787
Employee
23 647
-
16 360
-
social contributions
2 369
-
1 639
-
income
2 566
-
926
-
total
4 935
-
2 565
-
Employer
23 647
-
16 360
-
social contributions
2 369
-
1 639
-
total
2 369
-
1 639
-
Corporate
-
18 000
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
11 700
-
-
social contributions
1 539
1 755
-
-
total
1 539
1 755
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 843
8 055
4 204
17 787
After tax
9 157
9 945
13 796
213
Living cost
18 712
18 712
18 712
18 712
Free-cash
-9 555
-8 767
-4 916
-18 499

Estimated living cost  is ₴18712 per week

₴12326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1475
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5042
-₴5338
-₴10940
-₴6501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
773
income
-
-
-
3 445
total
-
-
-
4 218
Employee
25 839
-
16 384
-
health
337
-
143
-
pensions
1 972
-
838
-
income
4 705
-
3 080
-
total
7 014
-
4 061
-
Employer
25 839
-
16 384
-
health
491
-
311
-
pensions
2 611
-
1 305
-
total
3 102
-
1 616
-
Corporate
-
18 000
-
-
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.

-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
1 094
-
-
total
-
1 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 116
4 514
5 677
4 218
After tax
7 884
13 486
12 323
13 782
Living cost
18 824
18 824
18 824
18 824
Free-cash
-10 940
-5 338
-6 501
-5 042

Estimated living cost  is ₴18824 per week

₴12913
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3943
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴725
-₴11061
-₴5706
-₴3013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 146
accident
-
-
-
133
other
-
-
-
195
pensions
-
-
-
2 187
income
-
-
-
2 545
total
-
-
-
6 206
Employee
19 693
-
14 953
-
health
2 255
-
1 712
-
pensions
2 217
-
1 684
-
income
2 702
-
2 051
-
total
7 174
-
5 447
-
Employer
19 693
-
14 953
-
accident
329
-
250
-
pensions
3 202
-
2 431
-
unemployment
482
-
366
-
total
4 013
-
3 047
-
Corporate
-
18 000
-
-
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.

-
16 200
-
-
total
-
16 200
-
-
Dividends
-
1 800
-
-
withholding
-
342
-
-
total
-
342
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 187
16 542
8 494
6 206
After tax
6 813
1 458
9 506
11 794
Living cost
12 519
12 519
12 519
12 519
Free-cash
-5 706
-11 061
-3 013
-725

Estimated living cost  is ₴12519 per week

₴9187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴729
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.
₴2350
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4228
₴8347
₴5845
₴4228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 000
health insurance
-
-
-
1 332
work injury
-
-
-
90
pensions
-
-
-
3 312
unemployment
-
-
-
216
income
-
-
-
1 869
total
-
-
-
6 819
Employee

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

11 124
-
18 000
-
pensions
2 047
-
3 312
-
work injury
56
-
90
-
unemployment
133
-
216
-
health insurance
823
-
1 332
-
income
1 112
-
1 869
-
total
4 171
-
6 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
6 876
18 000
-
-
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
6 876
18 000
-
-
withholding
1 031
2 700
-
-
total
1 031
2 700
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 202
2 700
6 819
6 819
After tax
12 798
15 300
11 181
11 181
Living cost
6 953
6 953
6 953
6 953
Free-cash
5 845
8 347
4 228
4 228

Estimated living cost  is ₴6953 per week

₴4307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10593
-₴11055
-₴25439
-₴11664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
regional
-
-
-
231
municipal
-
-
-
120
social contributions
-
-
-
4 630
national
-
-
-
3 076
total
-
-
-
8 057
Employee
43 438
-
18 000
-
regional
656
-
206
-
national
7 341
-
2 744
-
social contributions
14 647
-
6 070
-
municipal
259
-
108
-
total
22 903
-
9 128
-
Employer
43 438
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
nationa
-
4 320
-
-
municipal
-
868
-
-
total
-
5 188
-
-
Dividends
-
12 812
-
-
withholding
-
3 331
-
-
total
-
3 331
-
-
Income
18 000
18 000
18 000
18 000
Total tax
22 903
8 519
9 128
8 057
After tax
-4 903
9 481
8 872
9 943
Living cost
20 536
20 536
20 536
20 536
Free-cash
-25 439
-11 055
-11 664
-10 593

Estimated living cost  is ₴20536 per week

₴14425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4387
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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