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
-₴5761
-₴650
-₴650
-₴880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
309
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.

-
-
-
17
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
3 698
Employee

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

18 881
-
18 000
-
surtax

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

29
-
17
-
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.

527
-
309
-
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.

3 372
-
3 372
-
total
3 928
-
3 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
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
-
-
chamber of commerce
-
101
-
-
trade
-
2 835
-
-
total
-
5 785
-
-
Dividends
-
12 215
-
-
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
-
2 867
-
-
total
-
3 024
-
-
Income
18 000
18 000
18 000
18 000
Total tax
3 928
8 809
3 698
3 698
After tax
14 072
9 191
14 302
14 302
Living cost
14 952
14 952
14 952
14 952
Free-cash
-880
-5 761
-650
-650

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14983
-₴14134
-₴14275
-₴26327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
municipal
-
-
-
1 454
national
-
-
-
2 253
pensions
-
-
-
2 160
total
-
-
-
6 060
Employee
40 639
-
15 561
-
municipal
5 020
-
1 524
-
pensions
1 626
-
622
-
national
7 778
-
2 361
-
total
14 424
-
4 507
-
Employer
40 639
-
15 561
-
pensions
3 251
-
1 245
-
social contributions
437
-
167
-
total
3 688
-
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
18 112
6 768
5 919
6 060
After tax
-112
11 232
12 081
11 940
Living cost
26 215
26 215
26 215
26 215
Free-cash
-26 327
-14 983
-14 134
-14 275

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4130
₴59
₴3476
₴79
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 554
microenterprise
-
-
-
2 700
total
-
-
-
4 254
Employee
14 425
-
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.

1 587
-
1 595
-
income
2 568
-
2 582
-
total
4 155
-
4 177
-
Employer
14 425
-
14 506
-
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.

3 475
-
3 494
-
surtax
-
-
-
-
total
3 475
-
3 494
-
Corporate
101
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%.

21
3 600
-
-
total
21
3 600
-
-
Dividends

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

80
14 400
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 651
3 600
7 671
4 254
After tax
10 349
14 400
10 329
13 746
Living cost
10 270
10 270
10 270
10 270
Free-cash
79
4 130
59
3 476

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28250
-₴31020
-₴10302
-₴31020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 620
health
-
-
-
2 763
pensions
-
-
-
3 239
total
-
-
-
7 622
Employee
42 155
42 155
42 155
-
pensions
7 588
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
6 470
5 504
6 470
-
total
20 958
18 188
20 958
-
Employer
42 155
42 155
42 155
-
health
2 930
2 930
2 930
-
pensions
2 934
2 934
2 934
-
unemployment
1 518
1 518
1 518
-
total
7 382
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
28 340
25 570
28 340
7 622
After tax
-10 340
-7 570
-10 340
10 378
Living cost
20 680
20 680
20 680
20 680
Free-cash
-31 020
-28 250
-31 020
-10 302

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10397
-₴10613
-₴11253
-₴19874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
36
other
-
-
-
2 092
unemployment
-
-
-
18
health
-
-
-
1 123
municipal
-
-
-
3 813
national
-
-
-
-
pensions
-
-
-
1 946
total
-
-
-
9 028
Employee
28 819
-
13 697
-
municipal
8 594
-
4 084
-
national
-
-
-
-
total
8 594
-
4 084
-
Employer
28 819
-
13 697
-
health
1 772
-
842
-
pensions
3 115
-
1 481
-
accident
58
-
27
-
unemployment
761
-
362
-
other
3 349
-
1 592
-
total
9 055
-
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
17 649
8 172
8 388
9 028
After tax
351
9 828
9 612
8 972
Living cost
20 225
20 225
20 225
20 225
Free-cash
-19 874
-10 397
-10 613
-11 253

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
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.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10294
-₴5091
-₴5091
-₴7034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
309
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.

-
-
-
17
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
3 698
Employee

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

25 034
-
18 000
-
surtax

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

118
-
17
-
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.

2 151
-
309
-
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.

3 372
-
3 372
-
total
5 641
-
3 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
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
-
-
chamber of commerce
-
100
-
-
trade
-
2 961
-
-
total
-
5 910
-
-
Dividends
-
12 090
-
-
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
-
2 835
-
-
total
-
2 991
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 641
8 901
3 698
3 698
After tax
12 359
9 099
14 302
14 302
Living cost
19 393
19 393
19 393
19 393
Free-cash
-7 034
-10 294
-5 091
-5 091

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
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.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9173
-₴5466
-₴1417
-₴6476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 766
income
-
-
-
-
social contributions
-
-
-
2 927
health
-
-
-
479
total
-
-
-
3 406
Employee
37 959
37 959
37 959
-
social contributions
1 845
3 150
1 356
-
income
3 986
3 514
4 162
-
health
378
645
278
-
total
6 209
7 309
5 796
-
Employer
37 959
37 959
37 959
-
health
411
703
303
-
social contributions
1 845
3 150
1 356
-
total
2 256
3 853
1 659
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 465
11 162
7 455
3 406
After tax
9 535
6 838
10 545
14 594
Living cost
16 011
16 011
16 011
16 011
Free-cash
-6 476
-9 173
-5 466
-1 417

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1201
₴1378
₴3411
₴1387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 201
unemployment
-
-
-
270
health
-
-
-
1 260
pensions
-
-
-
1 800
total
-
-
-
5 531
Employee

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
15 063
-
unemployment
196
78
226
-
pensions
1 308
520
1 506
-
income
1 599
636
1 841
-
health
915
364
1 054
-
total
4 018
1 598
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.

13 076
5 204
15 063
-
pensions
2 550
1 015
2 937
-
total
2 550
1 015
2 937
-
Corporate
2 374
11 781
-
-
income
214
1 060
-
-
total
214
1 060
-
-
Dividends
2 161
10 721
-
-
social contributions
362
2 031
-
-
withholding
411
2 037
-
-
total
773
4 068
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 555
7 741
7 564
5 531
After tax
10 445
10 259
10 436
12 469
Living cost
9 058
9 058
9 058
9 058
Free-cash
1 387
1 201
1 378
3 411

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2477
-₴424
-₴1151
-₴737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 288
health
-
-
-
2 340
pensions
-
-
-
3 600
total
-
-
-
7 228
Employee
14 004
-
13 453
-
unemployment
224
-
215
-
pensions
280
-
269
-
income
1 577
-
1 470
-
total
2 081
-
1 954
-
Employer
14 004
-
13 453
-
health
1 820
-
1 749
-
pensions
2 801
-
2 690
-
unemployment
112
-
108
-
total
4 733
-
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
6 814
3 600
6 501
7 228
After tax
11 186
14 400
11 499
10 772
Living cost
11 923
11 923
11 923
11 923
Free-cash
-737
2 477
-424
-1 151

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9537
-₴1489
₴948
-₴2820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
2 577
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
6 057
Employee
17 295
-
14 953
-
pensions
1 947
-
1 684
-
income
2 373
-
2 051
-
health
1 980
-
1 712
-
total
6 300
-
5 447
-
Employer
17 295
-
14 953
-
pensions
2 812
-
2 431
-
accident
289
-
250
-
unemployment
424
-
366
-
total
3 525
-
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
9 825
16 542
8 494
6 057
After tax
8 175
1 458
9 506
11 943
Living cost
10 995
10 995
10 995
10 995
Free-cash
-2 820
-9 537
-1 489
948

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13105
₴10405
₴13825
₴12356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
18 000
-
income
999
-
3 600
-
total
999
-
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%.

13 006
18 000
-
-
total
-
-
-
-
Dividends
13 006
18 000
-
-
withholding
650
900
-
-
total
650
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
1 649
900
3 600
180
After tax
16 351
17 100
14 400
17 820
Living cost
3 995
3 995
3 995
3 995
Free-cash
12 356
13 105
10 405
13 825

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70
-₴2601
-₴3407
-₴4441
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 286
other
-
-
-
855
health
-
-
-
792
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
total
-
-
-
8 253
Employee
17 924
-
14 377
-
unemployment
179
-
143
-
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.

1 254
-
1 006
-
income
3 086
-
2 475
-
health
251
-
201
-
total
4 770
-
3 825
-
Employer
17 924
-
14 377
-
health
251
-
201
-
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.

3 047
-
2 444
-
accident
143
-
115
-
unemployment
179
-
143
-
other
897
-
719
-
total
4 517
-
3 622
-
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
9 287
4 776
7 447
8 253
After tax
8 713
13 224
10 553
9 747
Living cost
13 154
13 154
13 154
13 154
Free-cash
-4 441
70
-2 601
-3 407

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴19330
-₴20545
-₴19057
-₴34793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 440
pensions
-
-
-
801
total
-
-
-
4 241
Employee
46 430
-
16 356
-
pensions
4 479
-
870
-
income
8 369
-
3 068
-
health
765
-
149
-
total
13 613
-
4 087
-
Employer
46 430
-
16 356
-
health
882
-
311
-
pensions
5 482
-
1 331
-
total
6 364
-
1 642
-
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
19 977
4 514
5 729
4 241
After tax
-1 977
13 486
12 271
13 759
Living cost
32 816
32 816
32 816
32 816
Free-cash
-34 793
-19 330
-20 545
-19 057

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8909
₴4885
₴4209
₴6614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 700
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
7 310
Employee
8 582
-
15 048
-
accident

We are using the highest rate at 1.1%.

94
-
165
-
pensions

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

754
-
1 321
-
income
858
-
1 505
-
health
395
-
692
-
total
2 101
-
3 683
-
Employer
8 582
-
15 048
-
health
592
-
1 038
-
pensions

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

946
-
1 658
-
accident

We are using the highest rate at 1.1%.

94
-
165
-
unemployment
51
-
90
-
total
1 683
-
2 951
-
Corporate
7 734
18 000
-
-
income
773
1 800
-
-
total
773
1 800
-
-
Dividends
6 961
16 200
-
-
withholding
348
810
-
-
total
348
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
4 905
2 610
6 634
7 310
After tax
13 095
15 390
11 366
10 690
Living cost
6 481
6 481
6 481
6 481
Free-cash
6 614
8 909
4 885
4 209

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴34943
-₴37713
-₴16995
-₴35780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 620
health
-
-
-
2 763
pensions
-
-
-
3 239
total
-
-
-
7 622
Employee
45 767
42 155
42 155
-
pensions
5 784
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
5 710
5 504
6 470
-
total
18 394
18 188
20 958
-
Employer
45 767
42 155
42 155
-
health
3 180
2 930
2 930
-
pensions
3 185
2 934
2 934
-
unemployment
1 648
1 518
1 518
-
total
8 013
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
26 407
25 570
28 340
7 622
After tax
-8 407
-7 570
-10 340
10 378
Living cost
27 373
27 373
27 373
27 373
Free-cash
-35 780
-34 943
-37 713
-16 995

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴126
-₴3132
-₴3500
-₴6174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 547
social contributions
-
-
-
5 256
solidarity contribution
-
-
-
-
health
-
-
-
2 430
total
-
-
-
9 233
Employee
18 040
-
13 433
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
873
-
income
2 165
-
1 612
-
health
2 435
-
1 813
-
total
5 773
-
4 298
-
Employer
18 040
-
13 433
-
health
1 624
-
1 209
-
social contributions
4 510
-
3 358
-
total
6 134
-
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
11 907
5 607
8 865
9 233
After tax
6 093
12 393
9 135
8 767
Living cost
12 267
12 267
12 267
12 267
Free-cash
-6 174
126
-3 132
-3 500

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11226
-₴11886
-₴10807
-₴25872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 630
regional
-
-
-
165
municipal
-
-
-
107
national
-
-
-
3 075
total
-
-
-
7 977
Employee
43 872
-
18 000
-
municipal
232
-
96
-
national
7 602
-
2 744
-
regional
414
-
147
-
social contributions
14 794
-
6 069
-
total
23 042
-
9 056
-
Employer
43 872
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
municipal
-
702
-
-
nationa
-
4 320
-
-
total
-
5 022
-
-
Dividends
-
12 978
-
-
withholding
-
3 374
-
-
total
-
3 374
-
-
Income
18 000
18 000
18 000
18 000
Total tax
23 042
8 396
9 056
7 977
After tax
-5 042
9 604
8 944
10 023
Living cost
20 830
20 830
20 830
20 830
Free-cash
-25 872
-11 226
-11 886
-10 807

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and 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 Milan model

Close
Thessaloniki , Greece
₴429
-₴948
-₴524
-₴1760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 602
other
-
-
-
-
surtax
-
-
-
39
unemployment
-
-
-
112
health
-
-
-
1 278
pensions
-
-
-
3 600
total
-
-
-
7 631
Employee
16 325
-
14 869
-
other
-
-
-
-
unemployment
1 136
-
1 035
-
pensions
1 089
-
992
-
surtax
53
-
27
-
income
2 736
-
2 493
-
health
417
-
378
-
total
5 431
-
4 925
-
Employer
16 325
-
14 869
-
health
743
-
677
-
pensions
2 176
-
1 982
-
unemployment
517
-
471
-
other
-
-
-
-
total
3 436
-
3 130
-
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
8 867
6 678
8 055
7 631
After tax
9 133
11 322
9 945
10 369
Living cost
10 893
10 893
10 893
10 893
Free-cash
-1 760
429
-948
-524

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
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.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8933
-₴10148
-₴8660
-₴17075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 440
pensions
-
-
-
801
total
-
-
-
4 241
Employee
31 116
-
16 356
-
pensions
2 641
-
870
-
income
5 604
-
3 068
-
health
452
-
149
-
total
8 697
-
4 087
-
Employer
31 116
-
16 356
-
health
591
-
311
-
pensions
3 368
-
1 331
-
total
3 959
-
1 642
-
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
12 656
4 514
5 729
4 241
After tax
5 344
13 486
12 271
13 759
Living cost
22 419
22 419
22 419
22 419
Free-cash
-17 075
-8 933
-10 148
-8 660

Estimated living cost  is ₴22419 per week

₴16796
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.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴30910
-₴25152
-₴23711
-₴32170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
-
-
-
226
health
-
-
-
128
city
-
-
-
189
national
-
-
-
10
pensions
-
-
-
1 657
total
-
-
-
2 570
Employee
45 805
-
15 831
-
unemployment
-
-
-
-
pensions
3 848
-
1 644
-
national
217
-
-
-
regional
1 500
-
170
-
city
492
-
166
-
health
104
-
35
-
total
6 161
-
2 015
-
Employer
45 805
-
15 831
-
health
104
-
35
-
pensions
3 848
-
1 644
-
unemployment
-
-
-
-
other

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

916
-
317
-
total
4 868
-
1 996
-
Corporate
-
18 000
-
-
regional
-
3 807
-
-
national
-
1 530
-
-
total
-
5 337
-
-
Dividends
-
12 663
-
-
withholding
-
4 432
-
-
total
-
4 432
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 029
9 769
4 011
2 570
After tax
6 971
8 231
13 989
15 430
Living cost
39 141
39 141
39 141
39 141
Free-cash
-32 170
-30 910
-25 152
-23 711

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13609
-₴8312
-₴8312
-₴11667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
309
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.

-
-
-
17
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
3 698
Employee

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

29 667
-
18 000
-
surtax

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

192
-
17
-
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.

3 489
-
309
-
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.

3 372
-
3 372
-
total
7 053
-
3 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
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
-
-
chamber of commerce
-
100
-
-
trade
-
3 087
-
-
total
-
6 036
-
-
Dividends
-
11 964
-
-
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.

-
155
-
-
withholding
-
2 804
-
-
total
-
2 959
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 053
8 995
3 698
3 698
After tax
10 947
9 005
14 302
14 302
Living cost
22 614
22 614
22 614
22 614
Free-cash
-11 667
-13 609
-8 312
-8 312

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7818
-₴5465
-₴5868
-₴9725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
289
other
-
-
-
558
surtax
-
-
-
-
social contributions
-
-
-
512
health
-
-
-
156
pensions
-
-
-
5 464
total
-
-
-
6 979
Employee
21 127
-
13 717
-
pensions
2 389
-
1 551
-
surtax
-
-
-
-
social contributions
602
-
391
-
income
1 247
-
351
-
total
4 238
-
2 293
-
Employer
21 127
-
13 717
-
health
1 479
-
960
-
pensions
3 471
-
2 253
-
unemployment
855
-
556
-
social contributions
64
-
41
-
other
729
-
473
-
total
6 598
-
4 283
-
Corporate
-
18 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
social contributions
-
2 230
-
-
withholding
-
1 659
-
-
total
-
3 889
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 836
8 929
6 576
6 979
After tax
7 164
9 071
11 424
11 021
Living cost
16 889
16 889
16 889
16 889
Free-cash
-9 725
-7 818
-5 465
-5 868

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6145
-₴3792
-₴4195
-₴6748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
289
other
-
-
-
558
surtax
-
-
-
-
social contributions
-
-
-
512
health
-
-
-
156
pensions
-
-
-
5 464
total
-
-
-
6 979
Employee
18 859
-
13 717
-
pensions
2 133
-
1 551
-
surtax
-
-
-
-
social contributions
538
-
391
-
income
972
-
351
-
total
3 643
-
2 293
-
Employer
18 859
-
13 717
-
health
1 320
-
960
-
pensions
3 099
-
2 253
-
unemployment
763
-
556
-
social contributions
56
-
41
-
other
651
-
473
-
total
5 889
-
4 283
-
Corporate
-
18 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
social contributions
-
2 230
-
-
withholding
-
1 659
-
-
total
-
3 889
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 532
8 929
6 576
6 979
After tax
8 468
9 071
11 424
11 021
Living cost
15 216
15 216
15 216
15 216
Free-cash
-6 748
-6 145
-3 792
-4 195

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
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.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴514
₴710
₴1092
-₴278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 700
social contributions
-
-
-
2 484
health
-
-
-
1 256
total
-
-
-
6 440
Employee
16 738
-
18 000
-
social contributions
2 310
-
2 484
-
income
2 792
-
3 082
-
health
1 168
-
1 256
-
total
6 270
-
6 822
-
Employer
16 738
-
18 000
-
total
-
-
-
-
Corporate
1 262
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%.

63
900
-
-
total
63
900
-
-
Dividends
1 200
17 100
-
-
social contributions
861
2 360
-
-
withholding
180
2 565
-
-
health
436
1 193
-
-
total
1 477
6 118
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 810
7 018
6 822
6 440
After tax
10 190
10 982
11 178
11 560
Living cost
10 468
10 468
10 468
10 468
Free-cash
-278
514
710
1 092

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10635
-₴10978
-₴7298
-₴14333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
72
health
-
-
-
1 377
pensions
-
-
-
3 330
total
-
-
-
7 904
Employee
24 670
19 673
19 673
-
other
246
197
136
-
unemployment
740
590
407
-
pensions
2 527
2 014
1 388
-
income
2 808
1 451
1 764
-
health
955
762
525
-
total
7 276
5 014
4 220
-
Employer
24 670
19 673
19 673
-
chamber of commerce
98
79
79
-
health
932
744
512
-
pensions
3 096
2 469
1 701
-
accident
320
256
176
-
unemployment
740
590
407
-
surtax
97
97
97
-
payroll
740
590
590
-
other
1 172
934
882
-
total
7 195
5 759
4 444
-
Corporate
1 874
1 874
11 681
-
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.

468
468
2 920
-
total
468
468
2 920
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 939
11 241
11 584
7 904
After tax
3 061
6 759
6 416
10 096
Living cost
17 394
17 394
17 394
17 394
Free-cash
-14 333
-10 635
-10 978
-7 298

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7789
-₴9635
-₴7019
-₴27589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
1 014
social contributions
-
-
-
1 114
national
-
-
-
4 892
total
-
-
-
7 020
Employee

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

35 311
-
13 940
-
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.

307
-
121
-
communal

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

1 842
-
727
-
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.

2 648
-
1 045
-
national
10 856
-
3 030
-
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.

1 659
-
655
-
total
17 312
-
5 578
-
Employer

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

35 311
-
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.

2 171
-
857
-
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.

3 129
-
1 235
-
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.

459
-
182
-
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.

515
-
203
-
surtax
4 004
-
1 581
-
total
10 278
-
4 058
-
Corporate
-
18 000
-
-
income
-
3 600
-
-
surtax
-
72
-
-
total
-
3 672
-
-
Dividends
-
14 328
-
-
withholding

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

-
4 118
-
-
total
-
4 118
-
-
Income
18 000
18 000
18 000
18 000
Total tax
27 590
7 790
9 636
7 020
After tax
-9 590
10 210
8 364
10 980
Living cost
17 999
17 999
17 999
17 999
Free-cash
-27 589
-7 789
-9 635
-7 019

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5629
-₴8355
-₴7669
-₴14406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 441
other
-
-
-
18
unemployment
-
-
-
126
pensions
-
-
-
5 094
total
-
-
-
7 841
Employee
24 573
-
12 745
-
other
24
-
17
-
unemployment
381
-
256
-
pensions
1 155
-
775
-
income
5 185
-
2 224
-
total
6 745
-
3 272
-
Employer
24 573
-
12 745
-
pensions
5 799
-
3 890
-
accident
486
-
326
-
unemployment
1 352
-
907
-
other
196
-
132
-
total
7 833
-
5 255
-
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
-
3 101
-
-
total
-
3 101
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 578
5 801
8 527
7 841
After tax
3 422
12 199
9 473
10 159
Living cost
17 828
17 828
17 828
17 828
Free-cash
-14 406
-5 629
-8 355
-7 669

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15501
-₴15555
-₴15554
-₴23849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
-
accident
-
-
-
212
income
-
-
-
137
surtax
-
-
-
859
health
-
-
-
1 761
pensions
-
-
-
3 758
total
-
-
-
6 727
Employee
37 383
-
15 192
-
pensions
2 990
-
1 879
-
surtax
2 291
-
859
-
income
3 611
-
137
-
health
1 664
-
1 045
-
total
10 556
-
3 920
-
Employer
37 383
-
15 192
-
health
1 140
-
717
-
pensions
2 990
-
1 879
-
accident
336
-
212
-
total
4 466
-
2 808
-
Corporate
-
18 000
-
-
communal
-
1 215
-
-
income
-
2 700
-
-
surtax
-
189
-
-
total
-
4 104
-
-
Dividends
-
13 896
-
-
income
-
486
-
-
withholding
-
2 084
-
-
total
-
2 570
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 022
6 674
6 728
6 727
After tax
2 978
11 326
11 272
11 273
Living cost
26 827
26 827
26 827
26 827
Free-cash
-23 849
-15 501
-15 555
-15 554

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴234
-₴1143
-₴719
-₴2123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 602
other
-
-
-
-
surtax
-
-
-
39
unemployment
-
-
-
112
health
-
-
-
1 278
pensions
-
-
-
3 600
total
-
-
-
7 631
Employee
16 624
-
14 869
-
other
-
-
-
-
unemployment
1 157
-
1 035
-
pensions
1 109
-
992
-
surtax
59
-
27
-
income
2 787
-
2 493
-
health
424
-
378
-
total
5 536
-
4 925
-
Employer
16 624
-
14 869
-
health
756
-
677
-
pensions
2 216
-
1 982
-
unemployment
527
-
471
-
other
-
-
-
-
total
3 499
-
3 130
-
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
9 035
6 678
8 055
7 631
After tax
8 965
11 322
9 945
10 369
Living cost
11 088
11 088
11 088
11 088
Free-cash
-2 123
234
-1 143
-719

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3837
-₴4450
-₴3382
-₴9384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 630
regional
-
-
-
272
municipal
-
-
-
107
national
-
-
-
3 075
total
-
-
-
8 084
Employee
27 383
-
18 000
-
municipal
145
-
96
-
national
4 338
-
2 744
-
regional
369
-
243
-
social contributions
9 234
-
6 069
-
total
14 086
-
9 152
-
Employer
27 383
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
municipal
-
895
-
-
nationa
-
4 320
-
-
total
-
5 215
-
-
Dividends
-
12 785
-
-
withholding
-
3 324
-
-
total
-
3 324
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 086
8 539
9 152
8 084
After tax
3 914
9 461
8 848
9 916
Living cost
13 298
13 298
13 298
13 298
Free-cash
-9 384
-3 837
-4 450
-3 382

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2723
-₴5981
-₴6349
-₴11789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 547
social contributions
-
-
-
5 256
solidarity contribution
-
-
-
-
health
-
-
-
2 430
total
-
-
-
9 233
Employee
22 230
-
13 433
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
873
-
income
2 668
-
1 612
-
health
3 001
-
1 813
-
total
7 114
-
4 298
-
Employer
22 230
-
13 433
-
health
2 001
-
1 209
-
social contributions
5 558
-
3 358
-
total
7 559
-
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
14 673
5 607
8 865
9 233
After tax
3 327
12 393
9 135
8 767
Living cost
15 116
15 116
15 116
15 116
Free-cash
-11 789
-2 723
-5 981
-6 349

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-₴8893
-₴9282
-₴5556
-₴10255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
72
health
-
-
-
1 377
pensions
-
-
-
3 330
total
-
-
-
7 807
Employee
21 579
19 673
19 673
-
other
215
197
137
-
unemployment
647
590
409
-
pensions
2 210
2 014
1 396
-
income
1 922
1 451
1 758
-
health
835
762
527
-
total
5 829
5 014
4 227
-
Employer
21 579
19 673
19 673
-
chamber of commerce
86
79
79
-
health
816
744
515
-
pensions
2 708
2 469
1 712
-
accident
280
256
177
-
unemployment
647
590
409
-
surtax
-
-
-
-
payroll
647
590
590
-
other
1 025
934
883
-
total
6 209
5 662
4 365
-
Corporate
1 874
1 874
11 761
-
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.

468
468
2 941
-
total
468
468
2 941
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 506
11 144
11 533
7 807
After tax
5 494
6 856
6 467
10 193
Living cost
15 749
15 749
15 749
15 749
Free-cash
-10 255
-8 893
-9 282
-5 556

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
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.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10874
₴8174
₴11594
₴9706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 782
-
18 000
-
income
1 557
-
3 600
-
total
1 557
-
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%.

10 218
18 000
-
-
total
-
-
-
-
Dividends
10 218
18 000
-
-
withholding
511
900
-
-
total
511
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
2 068
900
3 600
180
After tax
15 932
17 100
14 400
17 820
Living cost
6 226
6 226
6 226
6 226
Free-cash
9 706
10 874
8 174
11 594

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴848
-₴3557
-₴2986
-₴7229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 660
unemployment
-
-
-
27
health
-
-
-
1 771
pensions
-
-
-
3 287
total
-
-
-
7 745
Employee

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

21 829
-
15 575
-
unemployment
31
-
22
-
pensions
3 384
-
2 414
-
income
3 764
-
2 449
-
health
1 410
-
1 006
-
total
8 589
-
5 891
-
Employer

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

21 829
-
15 575
-
health
1 454
-
1 038
-
pensions
1 932
-
1 378
-
unemployment
13
-
9
-
total
3 399
-
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
11 988
5 607
8 316
7 745
After tax
6 012
12 393
9 684
10 255
Living cost
13 241
13 241
13 241
13 241
Free-cash
-7 229
-848
-3 557
-2 986

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10647
-₴10410
-₴9159
-₴56633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 509
social contributions
-
-
-
2 052
total
-
-
-
5 561
Employee
30 968
-
1 394
-
social contributions
2 539
-
362
-
income
6 831
-
227
-
total
9 370
-
589
-
Employer
30 968
-
1 394
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
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
53 035
7 049
6 812
5 561
After tax
-35 035
10 951
11 188
12 439
Living cost
21 598
21 598
21 598
21 598
Free-cash
-56 633
-10 647
-10 410
-9 159

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5245
-₴5113
-₴4841
-₴10095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 102
surtax
-
-
-
-
social contributions

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

-
-
-
6 255
total
-
-
-
7 357
Employee
22 704
-
14 545
-
surtax
-
-
-
-
social contributions
2 497
-
1 600
-
income
4 722
-
2 574
-
total
7 219
-
4 174
-
Employer
22 704
-
14 545
-
social contributions
5 392
-
3 455
-
total
5 392
-
3 455
-
Corporate
-
18 000
-
-
income
-
3 780
-
-
surtax
-
-
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 981
-
-
total
-
3 981
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 611
7 761
7 629
7 357
After tax
5 389
10 239
10 371
10 643
Living cost
15 484
15 484
15 484
15 484
Free-cash
-10 095
-5 245
-5 113
-4 841

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14772
-₴12418
-₴12822
-₴22574
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
289
other
-
-
-
558
surtax
-
-
-
-
social contributions
-
-
-
512
health
-
-
-
156
pensions
-
-
-
5 464
total
-
-
-
6 979
Employee
30 918
-
13 717
-
pensions
3 497
-
1 551
-
surtax
-
-
-
-
social contributions
881
-
391
-
income
2 698
-
351
-
total
7 076
-
2 293
-
Employer
30 918
-
13 717
-
health
2 164
-
960
-
pensions
5 080
-
2 253
-
unemployment
1 252
-
556
-
social contributions
93
-
41
-
other
1 067
-
473
-
total
9 656
-
4 283
-
Corporate
-
18 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
social contributions
-
2 230
-
-
withholding
-
1 659
-
-
total
-
3 889
-
-
Income
18 000
18 000
18 000
18 000
Total tax
16 732
8 929
6 576
6 979
After tax
1 268
9 071
11 424
11 021
Living cost
23 842
23 842
23 842
23 842
Free-cash
-22 574
-14 772
-12 418
-12 822

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1361
-₴267
-₴799
-₴330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 870
-
15 584
-
income
-
-
-
-
social contributions
1 031
-
1 013
-
total
1 031
-
1 013
-
Employer
15 870
-
15 584
-
social contributions
2 460
-
2 415
-
total
2 460
-
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
3 491
1 800
3 428
3 960
After tax
14 509
16 200
14 572
14 040
Living cost
14 839
14 839
14 839
14 839
Free-cash
-330
1 361
-267
-799

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴89505
-₴89505
-₴11414
-₴89505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
1 406
municipal
-
-
-
2 386
national
-
-
-
1 431
pensions
-
-
-
428
total
-
-
-
5 651
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
83 742
83 742
83 742
5 651
After tax
-65 742
-65 742
-65 742
12 349
Living cost
23 763
23 763
23 763
23 763
Free-cash
-89 505
-89 505
-89 505
-11 414

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9374
-₴1326
₴1111
-₴2514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
2 577
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
6 057
Employee
17 040
-
14 953
-
pensions
1 919
-
1 684
-
income
2 338
-
2 051
-
health
1 951
-
1 712
-
total
6 208
-
5 447
-
Employer
17 040
-
14 953
-
pensions
2 771
-
2 431
-
accident
285
-
250
-
unemployment
418
-
366
-
total
3 474
-
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
9 682
16 542
8 494
6 057
After tax
8 318
1 458
9 506
11 943
Living cost
10 832
10 832
10 832
10 832
Free-cash
-2 514
-9 374
-1 326
1 111

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6496
-₴7581
-₴4336
-₴12873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71
municipal
-
-
-
3 227
national
-
-
-
86
total
-
-
-
3 384
Employee
25 972
-
15 143
-
municipal
4 254
-
2 496
-
unemployment
390
-
227
-
pensions
1 753
-
1 022
-
national
429
-
-
-
health
194
-
27
-
total
7 020
-
3 772
-
Employer
25 972
-
15 143
-
health
200
-
116
-
pensions
4 506
-
2 628
-
accident
26
-
15
-
unemployment
169
-
98
-
total
4 901
-
2 857
-
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
-
-
municipal
-
1 944
-
-
national
-
-
-
-
total
-
1 944
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 921
5 544
6 629
3 384
After tax
6 079
12 456
11 371
14 616
Living cost
18 952
18 952
18 952
18 952
Free-cash
-12 873
-6 496
-7 581
-4 336

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
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.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4591
-₴884
₴3165
-₴1045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 766
income
-
-
-
-
social contributions
-
-
-
2 927
health
-
-
-
479
total
-
-
-
3 406
Employee
37 959
37 959
37 959
-
social contributions
1 435
3 150
1 356
-
income
4 133
3 514
4 162
-
health
294
645
278
-
total
5 862
7 309
5 796
-
Employer
37 959
37 959
37 959
-
health
319
703
303
-
social contributions
1 435
3 150
1 356
-
total
1 754
3 853
1 659
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 616
11 162
7 455
3 406
After tax
10 384
6 838
10 545
14 594
Living cost
11 429
11 429
11 429
11 429
Free-cash
-1 045
-4 591
-884
3 165

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
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.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7067
₴3374
₴3960
₴4556
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 262
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
6 202
Employee

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

11 331
-
16 319
-
unemployment
56
-
82
-
pensions
1 699
-
2 448
-
income
775
-
1 190
-
health
963
-
1 387
-
total
3 493
-
5 107
-
Employer

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

11 331
-
16 319
-
health
487
-
702
-
pensions
623
-
897
-
unemployment
56
-
82
-
total
1 166
-
1 681
-
Corporate
5 503
18 000
-
-
income
496
1 620
-
-
total
496
1 620
-
-
Dividends
5 007
16 380
-
-
withholding
451
1 475
-
-
total
451
1 475
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 606
3 095
6 788
6 202
After tax
12 394
14 905
11 212
11 798
Living cost
7 838
7 838
7 838
7 838
Free-cash
4 556
7 067
3 374
3 960

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1376
-₴4102
-₴3416
-₴6072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 441
other
-
-
-
18
unemployment
-
-
-
126
pensions
-
-
-
5 094
total
-
-
-
7 841
Employee
18 253
-
12 745
-
other
18
-
17
-
unemployment
283
-
256
-
pensions
858
-
775
-
income
3 519
-
2 224
-
total
4 678
-
3 272
-
Employer
18 253
-
12 745
-
pensions
4 307
-
3 890
-
accident
362
-
326
-
unemployment
1 004
-
907
-
other
146
-
132
-
total
5 819
-
5 255
-
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
-
3 101
-
-
total
-
3 101
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 497
5 801
8 527
7 841
After tax
7 503
12 199
9 473
10 159
Living cost
13 575
13 575
13 575
13 575
Free-cash
-6 072
-1 376
-4 102
-3 416

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
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.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10271
₴10106
₴10175
₴10114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 655
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
6 864
Employee
1 464
-
17 211
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
5 618
-
health
73
-
175
-
total
503
-
6 144
-
Employer
1 464
-
17 211
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
16 206
18 000
-
-
income
3 565
3 960
-
-
total
3 565
3 960
-
-
Dividends
12 641
14 040
-
-
withholding
2 528
2 808
-
-
total
2 528
2 808
-
-
Income
18 000
18 000
18 000
18 000
Total tax
6 925
6 768
6 933
6 864
After tax
11 075
11 232
11 067
11 136
Living cost
961
961
961
961
Free-cash
10 114
10 271
10 106
10 175

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴4468
₴1438
₴663
₴2039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 996
unemployment
-
-
-
270
health
-
-
-
1 854
pensions
-
-
-
4 680
total
-
-
-
8 800
Employee

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

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

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

12 873
-
15 267
-
unemployment
97
-
115
-
pensions
1 802
-
2 137
-
income
1 774
-
2 254
-
health
663
-
786
-
total
4 336
-
5 292
-
Employer

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

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

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

12 873
-
15 267
-
health
663
-
786
-
pensions
1 545
-
1 832
-
unemployment
97
-
115
-
total
2 305
-
2 733
-
Corporate
2 823
18 000
-
-
income
423
2 700
-
-
total
423
2 700
-
-
Dividends
2 399
15 300
-
-
withholding
360
2 295
-
-
total
360
2 295
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 424
4 995
8 025
8 800
After tax
10 576
13 005
9 975
9 200
Living cost
8 537
8 537
8 537
8 537
Free-cash
2 039
4 468
1 438
663

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
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.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3069
-₴2937
-₴2665
-₴5710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 102
surtax
-
-
-
-
social contributions

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

-
-
-
6 255
total
-
-
-
7 357
Employee
19 160
-
14 545
-
surtax
-
-
-
-
social contributions
2 108
-
1 600
-
income
3 744
-
2 574
-
total
5 852
-
4 174
-
Employer
19 160
-
14 545
-
social contributions
4 550
-
3 455
-
total
4 550
-
3 455
-
Corporate
-
18 000
-
-
income
-
3 780
-
-
surtax
-
-
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 981
-
-
total
-
3 981
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 402
7 761
7 629
7 357
After tax
7 598
10 239
10 371
10 643
Living cost
13 308
13 308
13 308
13 308
Free-cash
-5 710
-3 069
-2 937
-2 665

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5150
-₴7876
-₴7190
-₴13441
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 441
other
-
-
-
18
unemployment
-
-
-
126
pensions
-
-
-
5 094
total
-
-
-
7 841
Employee
23 841
-
12 745
-
other
23
-
17
-
unemployment
369
-
256
-
pensions
1 120
-
775
-
income
4 979
-
2 224
-
total
6 491
-
3 272
-
Employer
23 841
-
12 745
-
pensions
5 626
-
3 890
-
accident
472
-
326
-
unemployment
1 312
-
907
-
other
191
-
132
-
total
7 601
-
5 255
-
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
-
3 101
-
-
total
-
3 101
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 092
5 801
8 527
7 841
After tax
3 908
12 199
9 473
10 159
Living cost
17 349
17 349
17 349
17 349
Free-cash
-13 441
-5 150
-7 876
-7 190

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴6886
₴2862
₴2186
₴3872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 700
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
7 310
Employee
11 260
-
15 048
-
accident

We are using the highest rate at 1.1%.

124
-
165
-
pensions

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

989
-
1 321
-
income
1 126
-
1 505
-
health
518
-
692
-
total
2 757
-
3 683
-
Employer
11 260
-
15 048
-
health
777
-
1 038
-
pensions

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

1 241
-
1 658
-
accident

We are using the highest rate at 1.1%.

124
-
165
-
unemployment
68
-
90
-
total
2 210
-
2 951
-
Corporate
4 531
18 000
-
-
income
453
1 800
-
-
total
453
1 800
-
-
Dividends
4 078
16 200
-
-
withholding
204
810
-
-
total
204
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 624
2 610
6 634
7 310
After tax
12 376
15 390
11 366
10 690
Living cost
8 504
8 504
8 504
8 504
Free-cash
3 872
6 886
2 862
2 186

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9681
-₴4756
-₴4756
-₴6561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
309
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.

-
-
-
17
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
3 698
Employee

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

24 562
-
18 000
-
surtax

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

111
-
17
-
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.

2 020
-
309
-
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.

3 372
-
3 372
-
total
5 503
-
3 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
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
-
-
chamber of commerce
-
101
-
-
trade
-
2 583
-
-
total
-
5 533
-
-
Dividends
-
12 467
-
-
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.

-
161
-
-
withholding
-
2 929
-
-
total
-
3 090
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 503
8 623
3 698
3 698
After tax
12 497
9 377
14 302
14 302
Living cost
19 058
19 058
19 058
19 058
Free-cash
-6 561
-9 681
-4 756
-4 756

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
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.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15520
-₴12852
-₴12852
-₴20614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 054
social contributions
-
-
-
678
total
-
-
-
2 732
Employee
38 614
-
18 000
-
income
7 286
-
2 054
-
social contributions
3 208
-
678
-
total
10 494
-
2 732
-
Employer
38 614
-
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
10 494
5 400
2 732
2 732
After tax
7 506
12 600
15 268
15 268
Living cost
28 120
28 120
28 120
28 120
Free-cash
-20 614
-15 520
-12 852
-12 852

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
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.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7975
-₴4240
-₴16955
-₴8389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
16 361
-
income
2 457
-
1 044
-
social contributions
2 269
-
1 638
-
total
4 726
-
2 682
-
Employer
22 646
-
16 361
-
social contributions
2 269
-
1 638
-
total
2 269
-
1 638
-
Corporate
-
18 000
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
11 700
-
-
social contributions
1 474
1 755
-
-
total
1 474
1 755
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 469
8 055
4 320
17 035
After tax
9 531
9 945
13 680
965
Living cost
17 920
17 920
17 920
17 920
Free-cash
-8 389
-7 975
-4 240
-16 955

Estimated living cost  is ₴17920 per week

₴11804
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.
₴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.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4740
-₴5955
-₴4467
-₴10020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 440
pensions
-
-
-
801
total
-
-
-
4 241
Employee
25 018
-
16 356
-
pensions
1 909
-
870
-
income
4 556
-
3 068
-
health
326
-
149
-
total
6 791
-
4 087
-
Employer
25 018
-
16 356
-
health
475
-
311
-
pensions
2 528
-
1 331
-
total
3 003
-
1 642
-
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
9 794
4 514
5 729
4 241
After tax
8 206
13 486
12 271
13 759
Living cost
18 226
18 226
18 226
18 226
Free-cash
-10 020
-4 740
-5 955
-4 467

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10447
-₴2399
₴38
-₴4544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
2 577
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
6 057
Employee
18 727
-
14 953
-
pensions
2 109
-
1 684
-
income
2 569
-
2 051
-
health
2 144
-
1 712
-
total
6 822
-
5 447
-
Employer
18 727
-
14 953
-
pensions
3 045
-
2 431
-
accident
313
-
250
-
unemployment
459
-
366
-
total
3 817
-
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
10 639
16 542
8 494
6 057
After tax
7 361
1 458
9 506
11 943
Living cost
11 905
11 905
11 905
11 905
Free-cash
-4 544
-10 447
-2 399
38

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8630
₴4455
₴4455
₴6229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 925
unemployment
-
-
-
216
work injury
-
-
-
90
health insurance
-
-
-
1 332
pensions
-
-
-
3 312
total
-
-
-
6 875
Employee

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

10 671
-
18 000
-
health insurance
790
-
1 332
-
unemployment
128
-
216
-
work injury
53
-
90
-
pensions
1 964
-
3 312
-
income
1 067
-
1 925
-
total
4 002
-
6 875
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 329
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
7 329
18 000
-
-
withholding
1 099
2 700
-
-
total
1 099
2 700
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 101
2 700
6 875
6 875
After tax
12 899
15 300
11 125
11 125
Living cost
6 670
6 670
6 670
6 670
Free-cash
6 229
8 630
4 455
4 455

Estimated living cost  is ₴6670 per week

₴4132
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.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10184
-₴10793
-₴9722
-₴23599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 630
regional
-
-
-
231
municipal
-
-
-
120
national
-
-
-
3 075
total
-
-
-
8 056
Employee
41 598
-
18 000
-
municipal
248
-
108
-
national
7 030
-
2 744
-
regional
628
-
206
-
social contributions
14 027
-
6 069
-
total
21 933
-
9 127
-
Employer
41 598
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
municipal
-
867
-
-
nationa
-
4 320
-
-
total
-
5 187
-
-
Dividends
-
12 812
-
-
withholding
-
3 331
-
-
total
-
3 331
-
-
Income
18 000
18 000
18 000
18 000
Total tax
21 933
8 518
9 127
8 056
After tax
-3 933
9 482
8 873
9 944
Living cost
19 666
19 666
19 666
19 666
Free-cash
-23 599
-10 184
-10 793
-9 722

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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