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
-₴1474
-₴1989
-₴1474
-₴6630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
4
trade
-
-
-
-
income

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

-
-
-
70
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.

-
-
-
3 570
total
-
-
-
3 644
Employee

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

19 990
-
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.

558
-
70
-
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.

3 570
-
3 570
-
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.

31
-
4
-
total
4 159
-
3 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
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.

-
149
-
-
income
-
2 700
-
-
trade
-
2 835
-
-
chamber of commerce
-
105
-
-
total
-
5 789
-
-
Dividends
-
12 212
-
-
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
-
2 854
-
-
total
-
3 011
-
-
Income
18 000
18 000
18 000
18 000
Total tax
4 159
8 800
3 644
3 644
After tax
13 841
9 200
14 356
14 356
Living cost
15 830
15 830
15 830
15 830
Free-cash
-1 989
-6 630
-1 474
-1 474

Estimated living cost  is ₴15830 per week

₴9958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1846
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15648
-₴28802
-₴15507
-₴16447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
2 198
pensions
-
-
-
2 160
social contributions
-
-
-
193
municipal
-
-
-
1 418
total
-
-
-
5 969
Employee
42 908
-
15 561
-
pensions
1 716
-
622
-
municipal
5 300
-
1 488
-
national
8 213
-
2 306
-
total
15 229
-
4 416
-
Employer
42 908
-
15 561
-
pensions
3 433
-
1 245
-
social contributions
461
-
167
-
total
3 894
-
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
19 123
6 768
5 828
5 969
After tax
-1 123
11 232
12 172
12 031
Living cost
27 679
27 679
27 679
27 679
Free-cash
-28 802
-16 447
-15 507
-15 648

Estimated living cost  is ₴27679 per week

₴18813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2782
-₴950
-₴545
₴3527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 645
income
-
-
-
-
microenterprise
-
-
-
2 700
total
-
-
-
4 345
Employee
15 271
-
14 506
-
income
2 718
-
2 582
-
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.

1 680
-
1 596
-
surtax
-
-
-
-
total
4 398
-
4 178
-
Employer
15 271
-
14 506
-
surtax
-
-
-
-
social contributions

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

3 679
-
3 494
-
total
3 679
-
3 494
-
Corporate
-
18 000
-
-
income

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

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

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

-
14 400
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 077
3 600
7 672
4 345
After tax
9 923
14 400
10 328
13 655
Living cost
10 873
10 873
10 873
10 873
Free-cash
-950
3 527
-545
2 782

Estimated living cost  is ₴10873 per week

₴6937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1035
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.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11516
-₴33897
-₴33897
-₴30964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
3 240
income
-
-
-
1 620
health
-
-
-
2 762
total
-
-
-
7 622
Employee
44 630
44 630
44 630
-
pensions
8 033
6 123
8 033
-
income

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

7 305
7 305
7 305
-
health
6 850
5 827
6 850
-
total
22 188
19 255
22 188
-
Employer
44 630
44 630
44 630
-
pensions
3 106
3 106
3 106
-
health
3 102
3 102
3 102
-
unemployment
1 607
1 607
1 607
-
total
7 815
7 815
7 815
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
30 003
27 070
30 003
7 622
After tax
-12 003
-9 070
-12 003
10 378
Living cost
21 894
21 894
21 894
21 894
Free-cash
-33 897
-30 964
-33 897
-11 516

Estimated living cost  is ₴21894 per week

₴15516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴348
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12697
-₴22578
-₴12057
-₴11841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
-
other
-
-
-
2 092
pensions
-
-
-
1 946
municipal
-
-
-
3 813
accident
-
-
-
36
health
-
-
-
1 123
unemployment
-
-
-
18
total
-
-
-
9 028
Employee
30 876
-
13 697
-
municipal
9 207
-
4 084
-
national
-
-
-
-
total
9 207
-
4 084
-
Employer
30 876
-
13 697
-
pensions
3 338
-
1 481
-
other
3 588
-
1 592
-
health
1 899
-
842
-
unemployment
815
-
362
-
accident
62
-
27
-
total
9 702
-
4 304
-
Corporate
-
18 000
-
-
income
-
3 960
-
-
total
-
3 960
-
-
Dividends
-
14 040
-
-
withholding
-
4 212
-
-
total
-
4 212
-
-
Income
18 000
18 000
18 000
18 000
Total tax
18 909
8 172
8 388
9 028
After tax
-909
9 828
9 612
8 972
Living cost
21 669
21 669
21 669
21 669
Free-cash
-22 578
-11 841
-12 057
-12 697

Estimated living cost  is ₴21669 per week

₴14361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2126
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.
₴4852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6175
-₴8503
-₴6175
-₴11425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
4
trade
-
-
-
-
income

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

-
-
-
70
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.

-
-
-
3 570
total
-
-
-
3 644
Employee

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

26 504
-
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.

2 277
-
70
-
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.

3 570
-
3 570
-
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.

125
-
4
-
total
5 972
-
3 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
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.

-
149
-
-
income
-
2 700
-
-
trade
-
2 961
-
-
chamber of commerce
-
105
-
-
total
-
5 915
-
-
Dividends
-
12 085
-
-
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
-
2 823
-
-
total
-
2 979
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 972
8 894
3 644
3 644
After tax
12 028
9 106
14 356
14 356
Living cost
20 531
20 531
20 531
20 531
Free-cash
-8 503
-11 425
-6 175
-6 175

Estimated living cost  is ₴20531 per week

₴13731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2557
-₴7912
-₴6680
-₴10768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 868
social contributions
-
-
-
3 099
income
-
-
-
-
health
-
-
-
507
total
-
-
-
3 606
Employee
40 188
40 188
40 188
-
income
4 220
3 720
4 435
-
social contributions
1 953
3 335
1 357
-
health
400
683
278
-
total
6 573
7 738
6 070
-
Employer
40 188
40 188
40 188
-
social contributions
1 953
3 335
1 357
-
health
435
744
302
-
total
2 388
4 079
1 659
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 961
11 817
7 729
3 606
After tax
9 039
6 183
10 271
14 394
Living cost
16 951
16 951
16 951
16 951
Free-cash
-7 912
-10 768
-6 680
-2 557

Estimated living cost  is ₴16951 per week

₴11588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2189
₴162
₴156
₴2
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
1 800
income
-
-
-
2 201
health
-
-
-
1 260
unemployment
-
-
-
270
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.

14 840
5 906
15 063
-
pensions
1 484
591
1 506
-
income
1 814
722
1 841
-
health
1 039
413
1 054
-
unemployment
223
89
226
-
total
4 560
1 815
4 627
-
Employer

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

The minimum wage is 138,000 HUF per month.

14 840
5 906
15 063
-
pensions
2 894
1 152
2 937
-
total
2 894
1 152
2 937
-
Corporate
267
10 942
-
-
income
24
985
-
-
total
24
985
-
-
Dividends
243
9 958
-
-
withholding
46
1 892
-
-
social contributions
34
1 874
-
-
total
80
3 766
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 558
7 718
7 564
5 531
After tax
10 442
10 282
10 436
12 469
Living cost
10 280
10 280
10 280
10 280
Free-cash
162
2
156
2 189

Estimated living cost  is ₴10280 per week

₴7015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
-₴1785
-₴1837
-₴1056
₴1777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
3 600
income
-
-
-
1 222
health
-
-
-
2 340
total
-
-
-
7 162
Employee
14 826
-
13 451
-
pensions
297
-
269
-
income
1 669
-
1 403
-
unemployment
237
-
215
-
total
2 203
-
1 887
-
Employer
14 826
-
13 451
-
pensions
2 965
-
2 690
-
health
1 927
-
1 749
-
unemployment
119
-
107
-
total
5 011
-
4 546
-
Corporate
-
18 000
-
-
income
-
3 600
-
-
total
-
3 600
-
-
Dividends
-
14 400
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 214
3 600
6 433
7 162
After tax
10 786
14 400
11 567
10 838
Living cost
12 623
12 623
12 623
12 623
Free-cash
-1 837
1 777
-1 056
-1 785

Estimated living cost  is ₴12623 per week

₴8658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴124
-₴4057
-₴2142
-₴10190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
196
pensions
-
-
-
2 203
income
-
-
-
2 540
accident
-
-
-
134
health
-
-
-
1 155
total
-
-
-
6 228
Employee
18 323
-
14 953
-
pensions
2 063
-
1 684
-
income
2 514
-
2 051
-
health
2 098
-
1 712
-
total
6 675
-
5 447
-
Employer
18 323
-
14 953
-
pensions
2 979
-
2 431
-
unemployment
449
-
366
-
accident
306
-
250
-
total
3 734
-
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
10 409
16 542
8 494
6 228
After tax
7 591
1 458
9 506
11 772
Living cost
11 648
11 648
11 648
11 648
Free-cash
-4 057
-10 190
-2 142
124

Estimated living cost  is ₴11648 per week

₴8537
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.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13542
₴12020
₴10122
₴12822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
18 000
microenterprise

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

-
-
-
180
total
-
-
-
180
Employee
5 347
-
18 000
-
income
1 069
-
3 600
-
total
1 069
-
3 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

12 653
18 000
-
-
total
-
-
-
-
Dividends
12 653
18 000
-
-
withholding
633
900
-
-
total
633
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
1 702
900
3 600
180
After tax
16 298
17 100
14 400
17 820
Living cost
4 278
4 278
4 278
4 278
Free-cash
12 020
12 822
10 122
13 542

Estimated living cost  is ₴4278 per week

₴2651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴118
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4179
-₴5758
-₴3376
-₴702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
855
pensions

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

-
-
-
4 320
income
-
-
-
2 286
health
-
-
-
792
total
-
-
-
8 253
Employee
18 976
-
14 377
-
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.

1 328
-
1 007
-
income
3 267
-
2 475
-
health
266
-
201
-
unemployment
189
-
144
-
total
5 050
-
3 827
-
Employer
18 976
-
14 377
-
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.

3 226
-
2 444
-
other
949
-
719
-
health
266
-
201
-
unemployment
189
-
144
-
accident
152
-
115
-
total
4 782
-
3 623
-
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
9 832
4 776
7 450
8 253
After tax
8 168
13 224
10 550
9 747
Living cost
13 926
13 926
13 926
13 926
Free-cash
-5 758
-702
-3 376
-4 179

Estimated living cost  is ₴13926 per week

₴9840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20963
-₴37923
-₴22397
-₴21274
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
752
income
-
-
-
3 450
total
-
-
-
4 202
Employee
49 182
-
16 404
-
pensions
4 745
-
812
-
income
8 866
-
3 091
-
health
810
-
139
-
total
14 421
-
4 042
-
Employer
49 182
-
16 404
-
pensions
5 807
-
1 283
-
health
934
-
311
-
total
6 741
-
1 594
-
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
-
1 093
-
-
total
-
1 093
-
-
Income
18 000
18 000
18 000
18 000
Total tax
21 162
4 513
5 636
4 202
After tax
-3 162
13 487
12 364
13 798
Living cost
34 761
34 761
34 761
34 761
Free-cash
-37 923
-21 274
-22 397
-20 963

Estimated living cost  is ₴34761 per week

₴26047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4084
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3630
₴6094
₴4500
₴8526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions

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

-
-
-
2 664
income
-
-
-
2 700
health
-
-
-
2 070
unemployment
-
-
-
72
total
-
-
-
7 506
Employee
9 089
-
15 047
-
pensions

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

798
-
1 321
-
accident

We are using the highest rate at 1.1%.

100
-
166
-
income
909
-
1 505
-
health
418
-
692
-
total
2 225
-
3 684
-
Employer
9 089
-
15 047
-
pensions

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

1 002
-
1 658
-
health
627
-
1 038
-
unemployment
54
-
90
-
accident

We are using the highest rate at 1.1%.

100
-
166
-
total
1 783
-
2 952
-
Corporate
7 128
18 000
-
-
income
713
1 800
-
-
total
713
1 800
-
-
Dividends
6 415
16 200
-
-
withholding
321
810
-
-
total
321
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 042
2 610
6 636
7 506
After tax
12 958
15 390
11 364
10 494
Living cost
6 864
6 864
6 864
6 864
Free-cash
6 094
8 526
4 500
3 630

Estimated living cost  is ₴6864 per week

₴4007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18603
-₴38938
-₴40984
-₴38051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
3 240
income
-
-
-
1 620
health
-
-
-
2 762
total
-
-
-
7 622
Employee
48 454
44 630
44 630
-
pensions
6 123
6 123
8 033
-
income

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

7 305
7 305
7 305
-
health
6 045
5 827
6 850
-
total
19 473
19 255
22 188
-
Employer
48 454
44 630
44 630
-
pensions
3 372
3 106
3 106
-
health
3 367
3 102
3 102
-
unemployment
1 745
1 607
1 607
-
total
8 484
7 815
7 815
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
27 957
27 070
30 003
7 622
After tax
-9 957
-9 070
-12 003
10 378
Living cost
28 981
28 981
28 981
28 981
Free-cash
-38 938
-38 051
-40 984
-18 603

Estimated living cost  is ₴28981 per week

₴21378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4192
-₴7537
-₴3824
-₴566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 256
income
-
-
-
1 547
health
-
-
-
2 430
solidarity contribution
-
-
-
-
total
-
-
-
9 233
Employee
19 058
-
13 433
-
income
2 287
-
1 612
-
social contributions
1 239
-
873
-
solidarity contribution
-
-
-
-
health
2 573
-
1 813
-
total
6 099
-
4 298
-
Employer
19 058
-
13 433
-
social contributions
4 764
-
3 358
-
health
1 715
-
1 209
-
total
6 479
-
4 567
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 578
5 607
8 865
9 233
After tax
5 422
12 393
9 135
8 767
Living cost
12 959
12 959
12 959
12 959
Free-cash
-7 537
-566
-3 824
-4 192

Estimated living cost  is ₴12959 per week

₴9002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12031
-₴28447
-₴13109
-₴12449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 076
social contributions
-
-
-
4 630
municipal
-
-
-
107
regional
-
-
-
165
total
-
-
-
7 978
Employee
46 448
-
18 000
-
social contributions
15 662
-
6 070
-
municipal
246
-
95
-
regional
438
-
147
-
national
8 048
-
2 744
-
total
24 394
-
9 056
-
Employer
46 448
-
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
24 394
8 396
9 056
7 978
After tax
-6 394
9 604
8 944
10 022
Living cost
22 053
22 053
22 053
22 053
Free-cash
-28 447
-12 449
-13 109
-12 031

Estimated living cost  is ₴22053 per week

₴15373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1154
-₴2920
-₴1573
-₴211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
surtax
-
-
-
24
pensions
-
-
-
3 600
income
-
-
-
2 600
health
-
-
-
1 278
unemployment
-
-
-
119
total
-
-
-
7 621
Employee
17 283
-
14 870
-
pensions
1 152
-
992
-
income
2 897
-
2 492
-
other
-
-
-
-
health
441
-
379
-
unemployment
1 203
-
1 035
-
surtax
57
-
12
-
total
5 750
-
4 910
-
Employer
17 283
-
14 870
-
pensions
2 304
-
1 983
-
other
-
-
-
-
health
786
-
676
-
unemployment
547
-
471
-
total
3 637
-
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
9 387
6 678
8 040
7 621
After tax
8 613
11 322
9 960
10 379
Living cost
11 533
11 533
11 533
11 533
Free-cash
-2 920
-211
-1 573
-1 154

Estimated living cost  is ₴11533 per week

₴7052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1064
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴9950
-₴19154
-₴11384
-₴10261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
752
income
-
-
-
3 450
total
-
-
-
4 202
Employee
32 960
-
16 404
-
pensions
2 798
-
812
-
income
5 936
-
3 091
-
health
478
-
139
-
total
9 212
-
4 042
-
Employer
32 960
-
16 404
-
pensions
3 568
-
1 283
-
health
626
-
311
-
total
4 194
-
1 594
-
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
-
1 093
-
-
total
-
1 093
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 406
4 513
5 636
4 202
After tax
4 594
13 487
12 364
13 798
Living cost
23 748
23 748
23 748
23 748
Free-cash
-19 154
-10 261
-11 384
-9 950

Estimated living cost  is ₴23748 per week

₴17792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴26350
-₴35575
-₴27898
-₴33568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
2
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
pensions
-
-
-
1 656
city
-
-
-
189
health
-
-
-
136
regional
-
-
-
209
total
-
-
-
2 552
Employee
48 914
-
15 775
-
city
525
-
165
-
pensions
4 109
-
1 700
-
health
111
-
35
-
regional
1 602
-
149
-
unemployment
-
-
-
-
national
232
-
-
-
total
6 579
-
2 049
-
Employer
48 914
-
15 775
-
pensions
4 109
-
1 700
-
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.

978
-
316
-
health
111
-
35
-
unemployment
-
-
-
-
total
5 198
-
2 051
-
Corporate
-
18 000
-
-
national
-
1 530
-
-
regional
-
3 807
-
-
total
-
5 337
-
-
Dividends
-
12 664
-
-
withholding
-
4 433
-
-
total
-
4 433
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 777
9 770
4 100
2 552
After tax
6 223
8 230
13 900
15 448
Living cost
41 798
41 798
41 798
41 798
Free-cash
-35 575
-33 568
-27 898
-26 350

Estimated living cost  is ₴41798 per week

₴27181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3751
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9586
-₴13408
-₴9586
-₴14928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
4
trade
-
-
-
-
income

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

-
-
-
70
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.

-
-
-
3 570
total
-
-
-
3 644
Employee

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

31 409
-
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.

3 693
-
70
-
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.

3 570
-
3 570
-
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.

203
-
4
-
total
7 466
-
3 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
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.

-
149
-
-
income
-
2 700
-
-
trade
-
3 087
-
-
chamber of commerce
-
105
-
-
total
-
6 041
-
-
Dividends
-
11 959
-
-
surtax

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

-
154
-
-
withholding
-
2 791
-
-
total
-
2 945
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 466
8 986
3 644
3 644
After tax
10 534
9 014
14 356
14 356
Living cost
23 942
23 942
23 942
23 942
Free-cash
-13 408
-14 928
-9 586
-9 586

Estimated living cost  is ₴23942 per week

₴17486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6822
-₴11354
-₴6380
-₴8809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
558
surtax
-
-
-
-
pensions
-
-
-
5 508
social contributions
-
-
-
513
income
-
-
-
205
health
-
-
-
157
total
-
-
-
6 941
Employee
22 368
-
13 716
-
pensions
2 529
-
1 551
-
income
1 320
-
275
-
social contributions
638
-
391
-
surtax
-
-
-
-
total
4 487
-
2 217
-
Employer
22 368
-
13 716
-
pensions
3 675
-
2 253
-
other
772
-
473
-
social contributions
67
-
41
-
health
1 566
-
960
-
unemployment
906
-
555
-
total
6 986
-
4 282
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
social contributions
-
2 229
-
-
total
-
3 888
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 473
8 928
6 499
6 941
After tax
6 527
9 072
11 501
11 059
Living cost
17 881
17 881
17 881
17 881
Free-cash
-11 354
-8 809
-6 380
-6 822

Estimated living cost  is ₴17881 per week

₴11275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5050
-₴8200
-₴4608
-₴7037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
558
surtax
-
-
-
-
pensions
-
-
-
5 508
social contributions
-
-
-
513
income
-
-
-
205
health
-
-
-
157
total
-
-
-
6 941
Employee
19 966
-
13 716
-
pensions
2 258
-
1 551
-
income
1 029
-
275
-
social contributions
569
-
391
-
surtax
-
-
-
-
total
3 856
-
2 217
-
Employer
19 966
-
13 716
-
pensions
3 281
-
2 253
-
other
689
-
473
-
social contributions
60
-
41
-
health
1 397
-
960
-
unemployment
808
-
555
-
total
6 235
-
4 282
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
social contributions
-
2 229
-
-
total
-
3 888
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 091
8 928
6 499
6 941
After tax
7 909
9 072
11 501
11 059
Living cost
16 109
16 109
16 109
16 109
Free-cash
-8 200
-7 037
-4 608
-5 050

Estimated living cost  is ₴16109 per week

₴9343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴477
-₴1147
₴157
-₴99
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
2 484
income
-
-
-
2 700
health
-
-
-
1 257
total
-
-
-
6 441
Employee
17 720
-
18 000
-
income
2 956
-
3 020
-
social contributions
2 446
-
2 484
-
health
1 237
-
1 257
-
total
6 639
-
6 761
-
Employer
17 720
-
18 000
-
total
-
-
-
-
Corporate
280
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%.

14
900
-
-
total
14
900
-
-
Dividends
266
17 100
-
-
health
461
1 193
-
-
withholding
40
2 565
-
-
social contributions
911
2 359
-
-
total
1 412
6 117
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 065
7 017
6 761
6 441
After tax
9 935
10 983
11 239
11 559
Living cost
11 082
11 082
11 082
11 082
Free-cash
-1 147
-99
157
477

Estimated living cost  is ₴11082 per week

₴7417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8502
-₴16235
-₴12175
-₴12315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
103
chamber of commerce
-
-
-
72
pensions
-
-
-
3 330
income
-
-
-
-
health
-
-
-
1 377
unemployment
-
-
-
3 205
total
-
-
-
8 087
Employee
26 119
20 828
20 828
-
pensions
2 675
2 132
1 381
-
income
2 973
1 536
1 922
-
other
261
208
135
-
health
1 011
806
522
-
unemployment
784
625
405
-
total
7 704
5 307
4 365
-
Employer
26 119
20 828
20 828
-
surtax
103
103
103
-
pensions
3 278
2 614
1 692
-
other
1 241
989
927
-
health
987
787
510
-
unemployment
784
625
405
-
chamber of commerce
104
83
83
-
payroll
784
625
625
-
accident
339
271
176
-
total
7 620
6 097
4 521
-
Corporate
1 984
1 984
11 496
-
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.

496
496
2 874
-
total
496
496
2 874
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 820
11 900
11 760
8 087
After tax
2 180
6 100
6 240
9 913
Living cost
18 415
18 415
18 415
18 415
Free-cash
-16 235
-12 315
-12 175
-8 502

Estimated living cost  is ₴18415 per week

₴12282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
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.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴7882
-₴30266
-₴10692
-₴8836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
4 845
communal

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

-
-
-
1 023
social contributions
-
-
-
958
total
-
-
-
6 826
Employee

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

37 384
-
13 942
-
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.

2 804
-
1 045
-
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.

1 756
-
656
-
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.

325
-
121
-
national
11 493
-
3 030
-
communal

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

1 950
-
727
-
total
18 328
-
5 579
-
Employer

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

37 384
-
13 942
-
surtax
4 239
-
1 581
-
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.

3 313
-
1 235
-
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.

2 299
-
857
-
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.

545
-
203
-
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.

486
-
181
-
total
10 882
-
4 057
-
Corporate
-
18 000
-
-
surtax
-
72
-
-
income
-
3 600
-
-
total
-
3 672
-
-
Dividends
-
14 327
-
-
withholding

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

-
4 108
-
-
total
-
4 108
-
-
Income
18 000
18 000
18 000
18 000
Total tax
29 210
7 780
9 636
6 826
After tax
-11 210
10 220
8 364
11 174
Living cost
19 056
19 056
19 056
19 056
Free-cash
-30 266
-8 836
-10 692
-7 882

Estimated living cost  is ₴19056 per week

₴12274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8681
-₴16308
-₴9699
-₴6668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18
pensions
-
-
-
5 094
income
-
-
-
2 407
accident
-
-
-
162
unemployment
-
-
-
126
total
-
-
-
7 807
Employee
26 015
-
12 436
-
pensions
1 223
-
820
-
income
5 489
-
2 152
-
other
26
-
18
-
unemployment
404
-
271
-
total
7 142
-
3 261
-
Employer
26 015
-
12 436
-
pensions
6 139
-
4 119
-
other
207
-
140
-
unemployment
1 431
-
960
-
accident
515
-
345
-
total
8 292
-
5 564
-
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
-
3 094
-
-
total
-
3 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 434
5 794
8 825
7 807
After tax
2 566
12 206
9 175
10 193
Living cost
18 874
18 874
18 874
18 874
Free-cash
-16 308
-6 668
-9 699
-8 681

Estimated living cost  is ₴18874 per week

₴13899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3364
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17365
-₴26307
-₴17367
-₴17077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
835
communal
-
-
-
-
pensions
-
-
-
3 979
income
-
-
-
60
accident
-
-
-
224
health
-
-
-
1 865
total
-
-
-
6 963
Employee
39 578
-
15 028
-
pensions
3 166
-
1 990
-
income
3 823
-
60
-
health
1 761
-
1 107
-
surtax
2 426
-
835
-
total
11 176
-
3 992
-
Employer
39 578
-
15 028
-
pensions
3 166
-
1 990
-
health
1 207
-
759
-
accident
356
-
224
-
total
4 729
-
2 973
-
Corporate
-
18 000
-
-
surtax
-
189
-
-
income
-
2 700
-
-
communal
-
1 215
-
-
total
-
4 104
-
-
Dividends
-
13 896
-
-
income
-
486
-
-
withholding
-
2 085
-
-
total
-
2 571
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 905
6 675
6 965
6 963
After tax
2 095
11 325
11 035
11 037
Living cost
28 402
28 402
28 402
28 402
Free-cash
-26 307
-17 077
-17 367
-17 365

Estimated living cost  is ₴28402 per week

₴21306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1360
-₴3305
-₴1779
-₴417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
surtax
-
-
-
24
pensions
-
-
-
3 600
income
-
-
-
2 600
health
-
-
-
1 278
unemployment
-
-
-
119
total
-
-
-
7 621
Employee
17 600
-
14 870
-
pensions
1 174
-
992
-
income
2 951
-
2 492
-
other
-
-
-
-
health
449
-
379
-
unemployment
1 225
-
1 035
-
surtax
62
-
12
-
total
5 861
-
4 910
-
Employer
17 600
-
14 870
-
pensions
2 347
-
1 983
-
other
-
-
-
-
health
800
-
676
-
unemployment
558
-
471
-
total
3 705
-
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
9 566
6 678
8 040
7 621
After tax
8 434
11 322
9 960
10 379
Living cost
11 739
11 739
11 739
11 739
Free-cash
-3 305
-417
-1 779
-1 360

Estimated living cost  is ₴11739 per week

₴7087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1021
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4163
-₴10991
-₴5229
-₴4617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 076
social contributions
-
-
-
4 630
municipal
-
-
-
107
regional
-
-
-
272
total
-
-
-
8 085
Employee
28 991
-
18 000
-
social contributions
9 776
-
6 070
-
municipal
154
-
95
-
regional
390
-
242
-
national
4 593
-
2 744
-
total
14 913
-
9 151
-
Employer
28 991
-
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
14 913
8 539
9 151
8 085
After tax
3 087
9 461
8 849
9 915
Living cost
14 078
14 078
14 078
14 078
Free-cash
-10 991
-4 617
-5 229
-4 163

Estimated living cost  is ₴14078 per week

₴8755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7202
-₴13468
-₴6834
-₴3576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 256
income
-
-
-
1 547
health
-
-
-
2 430
solidarity contribution
-
-
-
-
total
-
-
-
9 233
Employee
23 484
-
13 433
-
income
2 818
-
1 612
-
social contributions
1 526
-
873
-
solidarity contribution
-
-
-
-
health
3 170
-
1 813
-
total
7 514
-
4 298
-
Employer
23 484
-
13 433
-
social contributions
5 871
-
3 358
-
health
2 114
-
1 209
-
total
7 985
-
4 567
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 499
5 607
8 865
9 233
After tax
2 501
12 393
9 135
8 767
Living cost
15 969
15 969
15 969
15 969
Free-cash
-13 468
-3 576
-6 834
-7 202

Estimated living cost  is ₴15969 per week

₴11876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
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.
₴2933
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6658
-₴11916
-₴10379
-₴10471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
chamber of commerce
-
-
-
72
pensions
-
-
-
3 330
income
-
-
-
-
health
-
-
-
1 377
unemployment
-
-
-
3 205
total
-
-
-
7 984
Employee
22 846
20 828
20 828
-
pensions
2 340
2 132
1 389
-
income
2 035
1 536
1 917
-
other
228
208
136
-
health
884
806
525
-
unemployment
685
625
407
-
total
6 172
5 307
4 374
-
Employer
22 846
20 828
20 828
-
surtax
-
-
-
-
pensions
2 867
2 614
1 703
-
other
1 085
989
927
-
health
864
787
513
-
unemployment
685
625
407
-
chamber of commerce
91
83
83
-
payroll
685
625
625
-
accident
297
271
177
-
total
6 574
5 994
4 435
-
Corporate
1 984
1 984
11 582
-
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.

496
496
2 896
-
total
496
496
2 896
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 242
11 797
11 705
7 984
After tax
4 758
6 203
6 295
10 016
Living cost
16 674
16 674
16 674
16 674
Free-cash
-11 916
-10 471
-10 379
-6 658

Estimated living cost  is ₴16674 per week

₴10002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11154
₴9184
₴7734
₴10434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
18 000
microenterprise

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

-
-
-
180
total
-
-
-
180
Employee
8 333
-
18 000
-
income
1 667
-
3 600
-
total
1 667
-
3 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

9 667
18 000
-
-
total
-
-
-
-
Dividends
9 667
18 000
-
-
withholding
483
900
-
-
total
483
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
2 150
900
3 600
180
After tax
15 850
17 100
14 400
17 820
Living cost
6 666
6 666
6 666
6 666
Free-cash
9 184
10 434
7 734
11 154

Estimated living cost  is ₴6666 per week

₴4511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3715
-₴8709
-₴4287
-₴1625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
3 287
income
-
-
-
2 612
health
-
-
-
1 771
unemployment
-
-
-
27
total
-
-
-
7 697
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.

23 111
-
15 575
-
pensions
3 582
-
2 414
-
income
3 985
-
2 401
-
health
1 493
-
1 007
-
unemployment
33
-
22
-
total
9 093
-
5 844
-
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.

23 111
-
15 575
-
pensions
2 045
-
1 379
-
health
1 539
-
1 037
-
unemployment
14
-
9
-
total
3 598
-
2 425
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 691
5 607
8 269
7 697
After tax
5 309
12 393
9 731
10 303
Living cost
14 018
14 018
14 018
14 018
Free-cash
-8 709
-1 625
-4 287
-3 715

Estimated living cost  is ₴14018 per week

₴9620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11916
-₴66161
-₴14243
-₴13404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
2 052
income
-
-
-
3 509
total
-
-
-
5 561
Employee
34 922
-
2 515
-
income
7 703
-
463
-
social contributions
2 864
-
408
-
total
10 567
-
871
-
Employer
34 922
-
2 515
-
social contributions
49 239
-
7 017
-
total
49 239
-
7 017
-
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
59 806
7 049
7 888
5 561
After tax
-41 806
10 951
10 112
12 439
Living cost
24 355
24 355
24 355
24 355
Free-cash
-66 161
-13 404
-14 243
-11 916

Estimated living cost  is ₴24355 per week

₴15802
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.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5716
-₴11746
-₴5955
-₴6155
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
6 255
income
-
-
-
1 068
total
-
-
-
7 323
Employee
24 037
-
14 546
-
income
5 000
-
2 508
-
social contributions
2 644
-
1 600
-
surtax
-
-
-
-
total
7 644
-
4 108
-
Employer
24 037
-
14 546
-
social contributions
5 709
-
3 454
-
total
5 709
-
3 454
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 982
-
-
total
-
3 982
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 353
7 762
7 562
7 323
After tax
4 647
10 238
10 438
10 677
Living cost
16 393
16 393
16 393
16 393
Free-cash
-11 746
-6 155
-5 955
-5 716

Estimated living cost  is ₴16393 per week

₴12265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴2887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14183
-₴24955
-₴13741
-₴16170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
558
surtax
-
-
-
-
pensions
-
-
-
5 508
social contributions
-
-
-
513
income
-
-
-
205
health
-
-
-
157
total
-
-
-
6 941
Employee
32 733
-
13 716
-
pensions
3 702
-
1 551
-
income
2 856
-
275
-
social contributions
932
-
391
-
surtax
-
-
-
-
total
7 490
-
2 217
-
Employer
32 733
-
13 716
-
pensions
5 378
-
2 253
-
other
1 130
-
473
-
social contributions
98
-
41
-
health
2 291
-
960
-
unemployment
1 326
-
555
-
total
10 223
-
4 282
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
social contributions
-
2 229
-
-
total
-
3 888
-
-
Income
18 000
18 000
18 000
18 000
Total tax
17 713
8 928
6 499
6 941
After tax
287
9 072
11 501
11 059
Living cost
25 242
25 242
25 242
25 242
Free-cash
-24 955
-16 170
-13 741
-14 183

Estimated living cost  is ₴25242 per week

₴17084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2065
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1670
-₴1406
-₴1139
₴490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 960
income
-
-
-
-
total
-
-
-
3 960
Employee
16 802
-
15 584
-
social contributions
1 092
-
1 013
-
income
-
-
-
-
total
1 092
-
1 013
-
Employer
16 802
-
15 584
-
social contributions
2 604
-
2 416
-
total
2 604
-
2 416
-
Corporate
-
18 000
-
-
income
-
1 800
-
-
total
-
1 800
-
-
Dividends
-
16 200
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
3 696
1 800
3 429
3 960
After tax
14 304
16 200
14 571
14 040
Living cost
15 710
15 710
15 710
15 710
Free-cash
-1 406
490
-1 139
-1 670

Estimated living cost  is ₴15710 per week

₴10158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1184
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12672
-₴95670
-₴95670
-₴95670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
1 388
labour market
-
-
-
1 404
pensions
-
-
-
452
municipal
-
-
-
2 302
total
-
-
-
5 546
Employee
106 050
106 050
106 050
-
pensions
151
151
151
-
labour market
8 472
8 472
8 472
-
municipal
22 583
22 583
22 583
-
national
12 956
12 956
12 956
-
total
44 162
44 162
44 162
-
Employer
106 050
106 050
106 050
-
labour market
8 484
8 484
8 484
-
pensions
301
301
301
-
national
12 978
12 978
12 978
-
municipal
22 619
22 619
22 619
-
total
44 382
44 382
44 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
88 544
88 544
88 544
5 546
After tax
-70 544
-70 544
-70 544
12 454
Living cost
25 126
25 126
25 126
25 126
Free-cash
-95 670
-95 670
-95 670
-12 672

Estimated living cost  is ₴25126 per week

₴17196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴386
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴296
-₴3731
-₴1970
-₴10018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
196
pensions
-
-
-
2 203
income
-
-
-
2 540
accident
-
-
-
134
health
-
-
-
1 155
total
-
-
-
6 228
Employee
18 053
-
14 953
-
pensions
2 033
-
1 684
-
income
2 477
-
2 051
-
health
2 067
-
1 712
-
total
6 577
-
5 447
-
Employer
18 053
-
14 953
-
pensions
2 935
-
2 431
-
unemployment
442
-
366
-
accident
301
-
250
-
total
3 678
-
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
10 255
16 542
8 494
6 228
After tax
7 745
1 458
9 506
11 772
Living cost
11 476
11 476
11 476
11 476
Free-cash
-3 731
-10 018
-1 970
296

Estimated living cost  is ₴11476 per week

₴8353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5383
-₴14685
-₴8685
-₴7609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
29
municipal
-
-
-
3 229
health
-
-
-
60
total
-
-
-
3 318
Employee
27 497
-
15 143
-
pensions
1 856
-
1 023
-
health
205
-
15
-
municipal
4 504
-
2 498
-
unemployment
413
-
227
-
national
454
-
-
-
total
7 432
-
3 763
-
Employer
27 497
-
15 143
-
pensions
4 770
-
2 627
-
health
211
-
117
-
unemployment
179
-
98
-
accident
28
-
15
-
total
5 188
-
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
12 620
5 544
6 620
3 318
After tax
5 380
12 456
11 380
14 682
Living cost
20 065
20 065
20 065
20 065
Free-cash
-14 685
-7 609
-8 685
-5 383

Estimated living cost  is ₴20065 per week

₴13106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2294
-₴2163
-₴1829
-₴5917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 868
social contributions
-
-
-
3 099
income
-
-
-
-
health
-
-
-
507
total
-
-
-
3 606
Employee
40 188
40 188
40 188
-
income
4 376
3 720
4 435
-
social contributions
1 519
3 335
1 357
-
health
311
683
278
-
total
6 206
7 738
6 070
-
Employer
40 188
40 188
40 188
-
social contributions
1 519
3 335
1 357
-
health
338
744
302
-
total
1 857
4 079
1 659
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 063
11 817
7 729
3 606
After tax
9 937
6 183
10 271
14 394
Living cost
12 100
12 100
12 100
12 100
Free-cash
-2 163
-5 917
-1 829
2 294

Estimated living cost  is ₴12100 per week

₴7252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3252
₴3947
₴2925
₴6608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 324
income
-
-
-
1 220
health
-
-
-
1 891
unemployment
-
-
-
15
total
-
-
-
6 450
Employee

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

11 996
-
16 319
-
pensions
1 799
-
2 448
-
income
820
-
1 179
-
health
1 020
-
1 388
-
unemployment
60
-
81
-
total
3 699
-
5 096
-
Employer

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

11 996
-
16 319
-
pensions
660
-
898
-
health
516
-
702
-
unemployment
60
-
81
-
total
1 236
-
1 681
-
Corporate
4 769
18 000
-
-
income
429
1 620
-
-
total
429
1 620
-
-
Dividends
4 340
16 380
-
-
withholding
391
1 474
-
-
total
391
1 474
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 755
3 094
6 777
6 450
After tax
12 245
14 906
11 223
11 550
Living cost
8 298
8 298
8 298
8 298
Free-cash
3 947
6 608
2 925
3 252

Estimated living cost  is ₴8298 per week

₴5294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴598
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.
₴2158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4179
-₴7486
-₴5197
-₴2166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18
pensions
-
-
-
5 094
income
-
-
-
2 407
accident
-
-
-
162
unemployment
-
-
-
126
total
-
-
-
7 807
Employee
19 325
-
12 436
-
pensions
908
-
820
-
income
3 726
-
2 152
-
other
19
-
18
-
unemployment
300
-
271
-
total
4 953
-
3 261
-
Employer
19 325
-
12 436
-
pensions
4 560
-
4 119
-
other
155
-
140
-
unemployment
1 063
-
960
-
accident
383
-
345
-
total
6 161
-
5 564
-
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
-
3 094
-
-
total
-
3 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 114
5 794
8 825
7 807
After tax
6 886
12 206
9 175
10 193
Living cost
14 372
14 372
14 372
14 372
Free-cash
-7 486
-2 166
-5 197
-4 179

Estimated living cost  is ₴14372 per week

₴9701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1382
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10205
₴10135
₴10138
₴10290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
687
income
-
-
-
5 668
health
-
-
-
498
total
-
-
-
6 853
Employee
1 434
-
17 227
-
pensions
129
-
309
-
income
277
-
5 632
-
health
72
-
172
-
unemployment
14
-
34
-
total
492
-
6 147
-
Employer
1 434
-
17 227
-
pensions
158
-
378
-
health
136
-
326
-
unemployment
29
-
69
-
total
323
-
773
-
Corporate
16 243
18 000
-
-
income
3 574
3 960
-
-
total
3 574
3 960
-
-
Dividends
12 670
14 040
-
-
withholding
2 534
2 808
-
-
total
2 534
2 808
-
-
Income
18 000
18 000
18 000
18 000
Total tax
6 923
6 768
6 920
6 853
After tax
11 077
11 232
11 080
11 147
Living cost
942
942
942
942
Free-cash
10 135
10 290
10 138
10 205

Estimated living cost  is ₴942 per week

₴560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴76
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.
₴284
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴228
₴1421
₴1002
₴3987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 680
income
-
-
-
1 950
health
-
-
-
1 854
unemployment
-
-
-
270
total
-
-
-
8 754
Employee

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

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

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

13 599
-
15 267
-
pensions
1 904
-
2 137
-
income
1 875
-
2 209
-
health
700
-
786
-
unemployment
102
-
115
-
total
4 581
-
5 247
-
Employer

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

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

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

13 599
-
15 267
-
pensions
1 632
-
1 832
-
health
700
-
786
-
unemployment
102
-
115
-
total
2 434
-
2 733
-
Corporate
1 967
18 000
-
-
income
295
2 700
-
-
total
295
2 700
-
-
Dividends
1 672
15 300
-
-
withholding
251
2 295
-
-
total
251
2 295
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 561
4 995
7 980
8 754
After tax
10 439
13 005
10 020
9 246
Living cost
9 018
9 018
9 018
9 018
Free-cash
1 421
3 987
1 002
228

Estimated living cost  is ₴9018 per week

₴6072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1988
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3413
-₴7102
-₴3652
-₴3852
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
6 255
income
-
-
-
1 068
total
-
-
-
7 323
Employee
20 284
-
14 546
-
income
3 963
-
2 508
-
social contributions
2 232
-
1 600
-
surtax
-
-
-
-
total
6 195
-
4 108
-
Employer
20 284
-
14 546
-
social contributions
4 817
-
3 454
-
total
4 817
-
3 454
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 982
-
-
total
-
3 982
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 012
7 762
7 562
7 323
After tax
6 988
10 238
10 438
10 677
Living cost
14 090
14 090
14 090
14 090
Free-cash
-7 102
-3 852
-3 652
-3 413

Estimated living cost  is ₴14090 per week

₴9979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴979
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-₴8174
-₴15289
-₴9192
-₴6161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18
pensions
-
-
-
5 094
income
-
-
-
2 407
accident
-
-
-
162
unemployment
-
-
-
126
total
-
-
-
7 807
Employee
25 241
-
12 436
-
pensions
1 186
-
820
-
income
5 272
-
2 152
-
other
25
-
18
-
unemployment
391
-
271
-
total
6 874
-
3 261
-
Employer
25 241
-
12 436
-
pensions
5 957
-
4 119
-
other
202
-
140
-
unemployment
1 389
-
960
-
accident
500
-
345
-
total
8 048
-
5 564
-
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
-
3 094
-
-
total
-
3 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 922
5 794
8 825
7 807
After tax
3 078
12 206
9 175
10 193
Living cost
18 367
18 367
18 367
18 367
Free-cash
-15 289
-6 161
-9 192
-8 174

Estimated living cost  is ₴18367 per week

₴13191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
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.
₴3490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1488
₴3193
₴2358
₴6384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions

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

-
-
-
2 664
income
-
-
-
2 700
health
-
-
-
2 070
unemployment
-
-
-
72
total
-
-
-
7 506
Employee
11 925
-
15 047
-
pensions

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

1 047
-
1 321
-
accident

We are using the highest rate at 1.1%.

131
-
166
-
income
1 193
-
1 505
-
health
549
-
692
-
total
2 920
-
3 684
-
Employer
11 925
-
15 047
-
pensions

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

1 314
-
1 658
-
health
823
-
1 038
-
unemployment
72
-
90
-
accident

We are using the highest rate at 1.1%.

131
-
166
-
total
2 340
-
2 952
-
Corporate
3 735
18 000
-
-
income
373
1 800
-
-
total
373
1 800
-
-
Dividends
3 362
16 200
-
-
withholding
168
810
-
-
total
168
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 801
2 610
6 636
7 506
After tax
12 199
15 390
11 364
10 494
Living cost
9 006
9 006
9 006
9 006
Free-cash
3 193
6 384
2 358
1 488

Estimated living cost  is ₴9006 per week

₴5956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5821
-₴8003
-₴5821
-₴10793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
4
trade
-
-
-
-
income

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

-
-
-
70
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.

-
-
-
3 570
total
-
-
-
3 644
Employee

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

26 004
-
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.

2 138
-
70
-
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.

3 570
-
3 570
-
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
-
4
-
total
5 826
-
3 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
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.

-
149
-
-
income
-
2 700
-
-
trade
-
2 583
-
-
chamber of commerce
-
106
-
-
total
-
5 538
-
-
Dividends
-
12 463
-
-
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
-
2 917
-
-
total
-
3 078
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 826
8 616
3 644
3 644
After tax
12 174
9 384
14 356
14 356
Living cost
20 177
20 177
20 177
20 177
Free-cash
-8 003
-10 793
-5 821
-5 821

Estimated living cost  is ₴20177 per week

₴13919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴14384
-₴22881
-₴14384
-₴17171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 964
social contributions
-
-
-
649
total
-
-
-
2 613
Employee
40 881
-
18 000
-
income
7 714
-
1 964
-
social contributions
3 396
-
649
-
total
11 110
-
2 613
-
Employer
40 881
-
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
11 110
5 400
2 613
2 613
After tax
6 890
12 600
15 387
15 387
Living cost
29 771
29 771
29 771
29 771
Free-cash
-22 881
-17 171
-14 384
-14 384

Estimated living cost  is ₴29771 per week

₴22649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19037
-₴9937
-₴5139
-₴9027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 877
health

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

-
-
-
3 188
total
-
-
-
18 065
Employee
23 975
-
16 361
-
social contributions
2 402
-
1 639
-
income
2 601
-
889
-
total
5 003
-
2 528
-
Employer
23 975
-
16 361
-
social contributions
2 402
-
1 639
-
total
2 402
-
1 639
-
Corporate
-
18 000
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
11 700
-
-
social contributions
1 560
1 755
-
-
total
1 560
1 755
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 965
8 055
4 167
18 065
After tax
9 035
9 945
13 833
-65
Living cost
18 972
18 972
18 972
18 972
Free-cash
-9 937
-9 027
-5 139
-19 037

Estimated living cost  is ₴18972 per week

₴12497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5508
-₴11682
-₴6942
-₴5819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
pensions
-
-
-
752
income
-
-
-
3 450
total
-
-
-
4 202
Employee
26 501
-
16 404
-
pensions
2 023
-
812
-
income
4 826
-
3 091
-
health
346
-
139
-
total
7 195
-
4 042
-
Employer
26 501
-
16 404
-
pensions
2 677
-
1 283
-
health
504
-
311
-
total
3 181
-
1 594
-
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
-
1 093
-
-
total
-
1 093
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 376
4 513
5 636
4 202
After tax
7 624
13 487
12 364
13 798
Living cost
19 306
19 306
19 306
19 306
Free-cash
-11 682
-5 819
-6 942
-5 508

Estimated living cost  is ₴19306 per week

₴13244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1775
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴841
-₴5884
-₴3107
-₴11155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
196
pensions
-
-
-
2 203
income
-
-
-
2 540
accident
-
-
-
134
health
-
-
-
1 155
total
-
-
-
6 228
Employee
19 840
-
14 953
-
pensions
2 234
-
1 684
-
income
2 722
-
2 051
-
health
2 272
-
1 712
-
total
7 228
-
5 447
-
Employer
19 840
-
14 953
-
pensions
3 226
-
2 431
-
unemployment
486
-
366
-
accident
331
-
250
-
total
4 043
-
3 047
-
Corporate
-
18 000
-
-
income

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

-
16 200
-
-
total
-
16 200
-
-
Dividends
-
1 800
-
-
withholding
-
342
-
-
total
-
342
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 271
16 542
8 494
6 228
After tax
6 729
1 458
9 506
11 772
Living cost
12 613
12 613
12 613
12 613
Free-cash
-5 884
-11 155
-3 107
-841

Estimated living cost  is ₴12613 per week

₴9256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4154
₴5719
₴4154
₴8254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 312
work injury
-
-
-
90
health insurance
-
-
-
1 332
income
-
-
-
1 850
unemployment
-
-
-
216
total
-
-
-
6 800
Employee

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

11 274
-
18 000
-
pensions
2 074
-
3 312
-
income
1 127
-
1 850
-
health insurance
834
-
1 332
-
unemployment
135
-
216
-
work injury
56
-
90
-
total
4 226
-
6 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
6 726
18 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
6 726
18 000
-
-
withholding
1 009
2 700
-
-
total
1 009
2 700
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 235
2 700
6 800
6 800
After tax
12 765
15 300
11 200
11 200
Living cost
7 046
7 046
7 046
7 046
Free-cash
5 719
8 254
4 154
4 154

Estimated living cost  is ₴7046 per week

₴4365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10877
-₴26040
-₴11947
-₴11339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 076
social contributions
-
-
-
4 630
municipal
-
-
-
120
regional
-
-
-
231
total
-
-
-
8 057
Employee
44 040
-
18 000
-
social contributions
14 850
-
6 070
-
municipal
263
-
107
-
regional
665
-
206
-
national
7 442
-
2 744
-
total
23 220
-
9 127
-
Employer
44 040
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
municipal
-
868
-
-
nationa
-
4 320
-
-
total
-
5 188
-
-
Dividends
-
12 812
-
-
withholding
-
3 331
-
-
total
-
3 331
-
-
Income
18 000
18 000
18 000
18 000
Total tax
23 220
8 519
9 127
8 057
After tax
-5 220
9 481
8 873
9 943
Living cost
20 820
20 820
20 820
20 820
Free-cash
-26 040
-11 339
-11 947
-10 877

Estimated living cost  is ₴20820 per week

₴14625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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