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
-₴1335
-₴6482
-₴1335
-₴1802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6
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.

-
-
-
3 537
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.

-
-
-
110
total
-
-
-
3 653
Employee

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

19 803
-
18 000
-
health

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

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

3 537
-
3 537
-
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.

553
-
110
-
surtax

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

30
-
6
-
total
4 120
-
3 653
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
2 835
-
-
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.

-
148
-
-
chamber of commerce
-
104
-
-
income
-
2 700
-
-
total
-
5 787
-
-
Dividends
-
12 213
-
-
surtax

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

-
157
-
-
withholding
-
2 856
-
-
total
-
3 013
-
-
Income
18 000
18 000
18 000
18 000
Total tax
4 120
8 800
3 653
3 653
After tax
13 880
9 200
14 347
14 347
Living cost
15 682
15 682
15 682
15 682
Free-cash
-1 802
-6 482
-1 335
-1 335

Estimated living cost  is ₴15682 per week

₴9865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
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.
₴3696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15408
-₴16342
-₴15550
-₴28625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
193
national
-
-
-
2 202
pensions
-
-
-
2 160
municipal
-
-
-
1 421
total
-
-
-
5 976
Employee
42 745
-
15 561
-
pensions
1 710
-
622
-
municipal
5 280
-
1 490
-
national
8 181
-
2 310
-
total
15 171
-
4 422
-
Employer
42 745
-
15 561
-
pensions
3 420
-
1 245
-
social contributions
460
-
167
-
total
3 880
-
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
19 051
6 768
5 834
5 976
After tax
-1 051
11 232
12 166
12 024
Living cost
27 574
27 574
27 574
27 574
Free-cash
-28 625
-16 342
-15 408
-15 550

Estimated living cost  is ₴27574 per week

₴18742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴413
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴443
₴3629
₴2899
-₴772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 630
income
-
-
-
-
microenterprise
-
-
-
2 700
total
-
-
-
4 330
Employee
15 129
-
14 505
-
income
2 693
-
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.

1 664
-
1 596
-
surtax
-
-
-
-
total
4 357
-
4 178
-
Employer
15 129
-
14 505
-
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.

3 644
-
3 494
-
surtax
-
-
-
-
total
3 644
-
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
8 001
3 600
7 672
4 330
After tax
9 999
14 400
10 328
13 670
Living cost
10 771
10 771
10 771
10 771
Free-cash
-772
3 629
-443
2 899

Estimated living cost  is ₴10771 per week

₴6872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1026
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴33412
-₴30506
-₴11311
-₴33412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 763
income
-
-
-
1 620
pensions
-
-
-
3 239
total
-
-
-
7 622
Employee
44 214
44 214
44 214
-
pensions
7 958
6 066
7 958
-
health
6 786
5 772
6 786
-
income

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

7 237
7 237
7 237
-
total
21 981
19 075
21 981
-
Employer
44 214
44 214
44 214
-
unemployment
1 592
1 592
1 592
-
health
3 073
3 073
3 073
-
pensions
3 077
3 077
3 077
-
total
7 742
7 742
7 742
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
29 723
26 817
29 723
7 622
After tax
-11 723
-8 817
-11 723
10 378
Living cost
21 689
21 689
21 689
21 689
Free-cash
-33 412
-30 506
-33 412
-11 311

Estimated living cost  is ₴21689 per week

₴15371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1955
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11435
-₴11220
-₴12076
-₴21414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 123
national
-
-
-
-
pensions
-
-
-
1 946
unemployment
-
-
-
18
accident
-
-
-
36
municipal
-
-
-
3 813
other
-
-
-
2 092
total
-
-
-
9 028
Employee
29 991
-
13 696
-
municipal
8 943
-
4 084
-
national
-
-
-
-
total
8 943
-
4 084
-
Employer
29 991
-
13 696
-
accident
60
-
27
-
unemployment
792
-
362
-
health
1 844
-
842
-
other
3 485
-
1 591
-
pensions
3 242
-
1 481
-
total
9 423
-
4 303
-
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
18 366
8 172
8 387
9 028
After tax
-366
9 828
9 613
8 972
Living cost
21 048
21 048
21 048
21 048
Free-cash
-21 414
-11 220
-11 435
-12 076

Estimated living cost  is ₴21048 per week

₴13950
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.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5992
-₴11232
-₴5992
-₴8256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6
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.

-
-
-
3 537
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.

-
-
-
110
total
-
-
-
3 653
Employee

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

26 256
-
18 000
-
health

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

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

3 537
-
3 537
-
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.

2 256
-
110
-
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.

124
-
6
-
total
5 917
-
3 653
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
2 961
-
-
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.

-
148
-
-
chamber of commerce
-
104
-
-
income
-
2 700
-
-
total
-
5 913
-
-
Dividends
-
12 086
-
-
surtax

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

-
155
-
-
withholding
-
2 825
-
-
total
-
2 980
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 917
8 893
3 653
3 653
After tax
12 083
9 107
14 347
14 347
Living cost
20 339
20 339
20 339
20 339
Free-cash
-8 256
-11 232
-5 992
-5 992

Estimated living cost  is ₴20339 per week

₴13603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2145
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.
₴4288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6475
-₴10500
-₴2365
-₴7671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 682
social contributions
-
-
-
3 070
health
-
-
-
502
income
-
-
-
-
total
-
-
-
3 572
Employee
39 813
39 813
39 813
-
health
396
677
278
-
income
4 181
3 685
4 389
-
social contributions
1 935
3 304
1 356
-
total
6 512
7 666
6 023
-
Employer
39 813
39 813
39 813
-
health
431
737
303
-
social contributions
1 935
3 304
1 356
-
total
2 366
4 041
1 659
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 878
11 707
7 682
3 572
After tax
9 122
6 293
10 318
14 428
Living cost
16 793
16 793
16 793
16 793
Free-cash
-7 671
-10 500
-6 475
-2 365

Estimated living cost  is ₴16793 per week

₴11480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴184
₴30
₴2218
₴193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

14 800
5 890
15 063
-
pensions
1 480
589
1 506
-
health
1 036
412
1 054
-
income
1 809
720
1 841
-
unemployment
222
88
226
-
total
4 547
1 809
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.

14 800
5 890
15 063
-
pensions
2 886
1 149
2 937
-
total
2 886
1 149
2 937
-
Corporate
314
10 961
-
-
income
28
987
-
-
total
28
987
-
-
Dividends
286
9 975
-
-
withholding
54
1 895
-
-
social contributions
40
1 878
-
-
total
94
3 773
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 555
7 718
7 564
5 530
After tax
10 445
10 282
10 436
12 470
Living cost
10 252
10 252
10 252
10 252
Free-cash
193
30
184
2 218

Estimated living cost  is ₴10252 per week

₴6996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴953
₴1894
-₴1679
-₴1654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 340
income
-
-
-
1 233
pensions
-
-
-
3 600
total
-
-
-
7 173
Employee
14 688
-
13 452
-
pensions
294
-
269
-
income
1 654
-
1 415
-
unemployment
235
-
215
-
total
2 183
-
1 899
-
Employer
14 688
-
13 452
-
unemployment
118
-
108
-
health
1 909
-
1 749
-
pensions
2 938
-
2 691
-
total
4 965
-
4 548
-
Corporate
-
18 000
-
-
income
-
3 600
-
-
total
-
3 600
-
-
Dividends
-
14 400
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 148
3 600
6 447
7 173
After tax
10 852
14 400
11 553
10 827
Living cost
12 506
12 506
12 506
12 506
Free-cash
-1 654
1 894
-953
-1 679

Estimated living cost  is ₴12506 per week

₴8577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴745
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.
₴2932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1828
-₴9876
₴519
-₴3463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 124
income
-
-
-
2 558
pensions
-
-
-
2 144
accident
-
-
-
130
other
-
-
-
191
total
-
-
-
6 147
Employee
17 830
-
14 953
-
pensions
2 008
-
1 684
-
health
2 041
-
1 712
-
income
2 446
-
2 051
-
total
6 495
-
5 447
-
Employer
17 830
-
14 953
-
accident
298
-
250
-
unemployment
437
-
366
-
pensions
2 899
-
2 431
-
total
3 634
-
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
10 129
16 542
8 494
6 147
After tax
7 871
1 458
9 506
11 853
Living cost
11 334
11 334
11 334
11 334
Free-cash
-3 463
-9 876
-1 828
519

Estimated living cost  is ₴11334 per week

₴8307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9910
₴12610
₴13330
₴11769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 613
-
18 000
-
income
1 122
-
3 600
-
total
1 122
-
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%.

12 387
18 000
-
-
total
-
-
-
-
Dividends
12 387
18 000
-
-
withholding
619
900
-
-
total
619
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
1 741
900
3 600
180
After tax
16 259
17 100
14 400
17 820
Living cost
4 490
4 490
4 490
4 490
Free-cash
11 769
12 610
9 910
13 330

Estimated living cost  is ₴4490 per week

₴2783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3243
-₴571
-₴4049
-₴5536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
792
income
-
-
-
2 286
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
other
-
-
-
855
total
-
-
-
8 253
Employee
18 799
-
14 376
-
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.

1 316
-
1 006
-
health
263
-
201
-
income
3 236
-
2 475
-
unemployment
188
-
143
-
total
5 003
-
3 825
-
Employer
18 799
-
14 376
-
accident
150
-
115
-
unemployment
188
-
143
-
health
263
-
201
-
other
940
-
719
-
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.

3 196
-
2 444
-
total
4 737
-
3 622
-
Corporate
-
18 000
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
995
-
-
total
-
995
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 740
4 775
7 447
8 253
After tax
8 260
13 225
10 553
9 747
Living cost
13 796
13 796
13 796
13 796
Free-cash
-5 536
-571
-3 243
-4 049

Estimated living cost  is ₴13796 per week

₴9748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22501
-₴21385
-₴21072
-₴38101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
3 450
pensions
-
-
-
750
total
-
-
-
4 200
Employee
49 339
-
16 407
-
pensions
4 760
-
808
-
health
813
-
138
-
income
8 894
-
3 092
-
total
14 467
-
4 038
-
Employer
49 339
-
16 407
-
health
937
-
311
-
pensions
5 825
-
1 280
-
total
6 762
-
1 591
-
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
21 229
4 513
5 629
4 200
After tax
-3 229
13 487
12 371
13 800
Living cost
34 872
34 872
34 872
34 872
Free-cash
-38 101
-21 385
-22 501
-21 072

Estimated living cost  is ₴34872 per week

₴26130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4361
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1914
₴2113
-₴2783
-₴3032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 070
income
-
-
-
2 700
pensions

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

-
-
-
2 664
unemployment
-
-
-
72
total
-
-
-
7 506
Employee
17 580
-
15 048
-
pensions

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

1 544
-
1 322
-
accident

We are using the highest rate at 1.1%.

194
-
165
-
health
809
-
692
-
income
1 758
-
1 505
-
total
4 305
-
3 684
-
Employer
17 580
-
15 048
-
accident

We are using the highest rate at 1.1%.

194
-
165
-
unemployment
105
-
90
-
health
1 213
-
1 039
-
pensions

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

1 938
-
1 659
-
total
3 450
-
2 953
-
Corporate
-
18 000
-
-
income
-
1 800
-
-
total
-
1 800
-
-
Dividends
-
16 200
-
-
withholding
-
810
-
-
total
-
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 755
2 610
6 637
7 506
After tax
10 245
15 390
11 363
10 494
Living cost
13 277
13 277
13 277
13 277
Free-cash
-3 032
2 113
-1 914
-2 783

Estimated living cost  is ₴13277 per week

₴7751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴352
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴40433
-₴37527
-₴18332
-₴38407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 763
income
-
-
-
1 620
pensions
-
-
-
3 239
total
-
-
-
7 622
Employee
48 002
44 214
44 214
-
pensions
6 066
6 066
7 958
-
health
5 989
5 772
6 786
-
income

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

7 237
7 237
7 237
-
total
19 292
19 075
21 981
-
Employer
48 002
44 214
44 214
-
unemployment
1 728
1 592
1 592
-
health
3 336
3 073
3 073
-
pensions
3 341
3 077
3 077
-
total
8 405
7 742
7 742
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
27 697
26 817
29 723
7 622
After tax
-9 697
-8 817
-11 723
10 378
Living cost
28 710
28 710
28 710
28 710
Free-cash
-38 407
-37 527
-40 433
-18 332

Estimated living cost  is ₴28710 per week

₴21178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2564
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.
₴4639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3803
-₴545
-₴4171
-₴7496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 430
income
-
-
-
1 547
solidarity contribution
-
-
-
-
total
-
-
-
9 233
Employee
19 027
-
13 433
-
health
2 569
-
1 813
-
income
2 283
-
1 612
-
social contributions
1 237
-
873
-
solidarity contribution
-
-
-
-
total
6 089
-
4 298
-
Employer
19 027
-
13 433
-
health
1 712
-
1 209
-
social contributions
4 757
-
3 358
-
total
6 469
-
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
12 558
5 607
8 865
9 233
After tax
5 442
12 393
9 135
8 767
Living cost
12 938
12 938
12 938
12 938
Free-cash
-7 496
-545
-3 803
-4 171

Estimated living cost  is ₴12938 per week

₴8987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-₴12902
-₴12243
-₴11823
-₴28014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
4 630
national
-
-
-
3 075
regional
-
-
-
164
municipal
-
-
-
107
total
-
-
-
7 976
Employee
46 014
-
18 000
-
municipal
244
-
95
-
national
7 973
-
2 744
-
regional
434
-
146
-
social contributions
15 516
-
6 070
-
total
24 167
-
9 055
-
Employer
46 014
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
nationa
-
4 320
-
-
municipal
-
702
-
-
total
-
5 022
-
-
Dividends
-
12 978
-
-
withholding
-
3 374
-
-
total
-
3 374
-
-
Income
18 000
18 000
18 000
18 000
Total tax
24 167
8 396
9 055
7 976
After tax
-6 167
9 604
8 945
10 024
Living cost
21 847
21 847
21 847
21 847
Free-cash
-28 014
-12 243
-12 902
-11 823

Estimated living cost  is ₴21847 per week

₴15229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1469
-₴103
-₴1049
-₴2725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27
health
-
-
-
1 278
income
-
-
-
2 601
pensions
-
-
-
3 600
unemployment
-
-
-
118
other
-
-
-
-
total
-
-
-
7 624
Employee
17 122
-
14 870
-
pensions
1 142
-
991
-
other
-
-
-
-
health
437
-
379
-
income
2 870
-
2 493
-
unemployment
1 192
-
1 035
-
surtax
56
-
15
-
total
5 697
-
4 913
-
Employer
17 122
-
14 870
-
unemployment
542
-
472
-
health
779
-
677
-
other
-
-
-
-
pensions
2 282
-
1 982
-
total
3 603
-
3 131
-
Corporate
-
18 000
-
-
income
-
4 680
-
-
total
-
4 680
-
-
Dividends
-
13 320
-
-
withholding
-
1 998
-
-
total
-
1 998
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 300
6 678
8 044
7 624
After tax
8 700
11 322
9 956
10 376
Living cost
11 425
11 425
11 425
11 425
Free-cash
-2 725
-103
-1 469
-1 049

Estimated living cost  is ₴11425 per week

₴6986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11453
-₴10337
-₴10024
-₴19273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
3 450
pensions
-
-
-
750
total
-
-
-
4 200
Employee
33 065
-
16 407
-
pensions
2 807
-
808
-
health
480
-
138
-
income
5 955
-
3 092
-
total
9 242
-
4 038
-
Employer
33 065
-
16 407
-
health
628
-
311
-
pensions
3 579
-
1 280
-
total
4 207
-
1 591
-
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
13 449
4 513
5 629
4 200
After tax
4 551
13 487
12 371
13 800
Living cost
23 824
23 824
23 824
23 824
Free-cash
-19 273
-10 337
-11 453
-10 024

Estimated living cost  is ₴23824 per week

₴17849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1786
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3940
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴27150
-₴32839
-₴25627
-₴34642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
189
health
-
-
-
134
national
-
-
-
4
pensions
-
-
-
1 656
regional
-
-
-
214
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
total
-
-
-
2 557
Employee
48 063
-
15 789
-
pensions
4 038
-
1 686
-
city
516
-
166
-
health
109
-
36
-
national
227
-
-
-
regional
1 574
-
155
-
unemployment
-
-
-
-
total
6 464
-
2 043
-
Employer
48 063
-
15 789
-
unemployment
-
-
-
-
health
109
-
36
-
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.

961
-
315
-
pensions
4 038
-
1 686
-
total
5 108
-
2 037
-
Corporate
-
18 000
-
-
national
-
1 530
-
-
regional
-
3 807
-
-
total
-
5 337
-
-
Dividends
-
12 664
-
-
withholding
-
4 432
-
-
total
-
4 432
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 572
9 769
4 080
2 557
After tax
6 428
8 231
13 920
15 443
Living cost
41 070
41 070
41 070
41 070
Free-cash
-34 642
-32 839
-27 150
-25 627

Estimated living cost  is ₴41070 per week

₴26707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴504
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9371
-₴14703
-₴9371
-₴13115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6
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.

-
-
-
3 537
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.

-
-
-
110
total
-
-
-
3 653
Employee

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

31 116
-
18 000
-
health

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

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

3 537
-
3 537
-
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.

3 659
-
110
-
surtax

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

201
-
6
-
total
7 397
-
3 653
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
3 087
-
-
surtax

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

-
148
-
-
chamber of commerce
-
104
-
-
income
-
2 700
-
-
total
-
6 039
-
-
Dividends
-
11 960
-
-
surtax

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

-
153
-
-
withholding
-
2 793
-
-
total
-
2 946
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 397
8 985
3 653
3 653
After tax
10 603
9 015
14 347
14 347
Living cost
23 718
23 718
23 718
23 718
Free-cash
-13 115
-14 703
-9 371
-9 371

Estimated living cost  is ₴23718 per week

₴17323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6227
-₴8641
-₴6663
-₴11078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
social contributions
-
-
-
513
health
-
-
-
157
income
-
-
-
220
pensions
-
-
-
5 501
other
-
-
-
558
total
-
-
-
6 949
Employee
22 159
-
13 716
-
pensions
2 505
-
1 551
-
income
1 308
-
287
-
social contributions
632
-
391
-
surtax
-
-
-
-
total
4 445
-
2 229
-
Employer
22 159
-
13 716
-
unemployment
897
-
555
-
health
1 551
-
960
-
other
764
-
474
-
pensions
3 640
-
2 254
-
social contributions
67
-
41
-
total
6 919
-
4 284
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
social contributions
-
2 228
-
-
total
-
3 887
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 364
8 927
6 513
6 949
After tax
6 636
9 073
11 487
11 051
Living cost
17 714
17 714
17 714
17 714
Free-cash
-11 078
-8 641
-6 227
-6 663

Estimated living cost  is ₴17714 per week

₴11169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1440
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.
₴4804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4472
-₴6886
-₴4908
-₴7957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
social contributions
-
-
-
513
health
-
-
-
157
income
-
-
-
220
pensions
-
-
-
5 501
other
-
-
-
558
total
-
-
-
6 949
Employee
19 780
-
13 716
-
pensions
2 237
-
1 551
-
income
1 020
-
287
-
social contributions
564
-
391
-
surtax
-
-
-
-
total
3 821
-
2 229
-
Employer
19 780
-
13 716
-
unemployment
801
-
555
-
health
1 384
-
960
-
other
683
-
474
-
pensions
3 250
-
2 254
-
social contributions
59
-
41
-
total
6 177
-
4 284
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
social contributions
-
2 228
-
-
total
-
3 887
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 998
8 927
6 513
6 949
After tax
8 002
9 073
11 487
11 051
Living cost
15 959
15 959
15 959
15 959
Free-cash
-7 957
-6 886
-4 472
-4 908

Estimated living cost  is ₴15959 per week

₴9255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴249
₴2
₴580
-₴1002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 257
income
-
-
-
2 700
total
-
-
-
6 441
Employee
17 555
-
18 000
-
health
1 225
-
1 257
-
income
2 928
-
3 031
-
social contributions
2 423
-
2 484
-
total
6 576
-
6 772
-
Employer
17 555
-
18 000
-
total
-
-
-
-
Corporate
445
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%.

23
900
-
-
total
23
900
-
-
Dividends
423
17 100
-
-
withholding
64
2 565
-
-
health
457
1 194
-
-
social contributions
903
2 360
-
-
total
1 424
6 119
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 023
7 019
6 772
6 441
After tax
9 977
10 981
11 228
11 559
Living cost
10 979
10 979
10 979
10 979
Free-cash
-1 002
2
249
580

Estimated living cost  is ₴10979 per week

₴7347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11973
-₴12034
-₴8301
-₴15913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
102
chamber of commerce
-
-
-
72
health
-
-
-
1 377
income
-
-
-
-
pensions
-
-
-
3 330
unemployment
-
-
-
3 176
total
-
-
-
8 057
Employee
25 875
20 633
20 633
-
pensions
2 650
2 112
1 381
-
other
258
206
135
-
health
1 001
799
522
-
income
2 946
1 522
1 896
-
unemployment
776
619
405
-
total
7 631
5 258
4 339
-
Employer
25 875
20 633
20 633
-
accident
336
268
176
-
unemployment
776
619
405
-
health
978
780
510
-
other
1 229
980
920
-
pensions
3 247
2 590
1 693
-
payroll
776
619
619
-
surtax
102
102
102
-
chamber of commerce
103
83
83
-
total
7 547
6 041
4 508
-
Corporate
1 965
1 965
11 528
-
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.

491
491
2 882
-
total
491
491
2 882
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 669
11 790
11 729
8 057
After tax
2 331
6 210
6 271
9 943
Living cost
18 244
18 244
18 244
18 244
Free-cash
-15 913
-12 034
-11 973
-8 301

Estimated living cost  is ₴18244 per week

₴12168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1556
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10515
-₴8660
-₴7736
-₴29816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
984
national
-
-
-
4 853
communal

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

-
-
-
1 021
total
-
-
-
6 858
Employee

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

37 035
-
13 941
-
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.

2 778
-
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.

1 740
-
655
-
national
11 386
-
3 030
-
communal

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

1 932
-
727
-
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.

322
-
121
-
total
18 158
-
5 578
-
Employer

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

37 035
-
13 941
-
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.

481
-
182
-
unemployment

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

540
-
203
-
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.

2 278
-
857
-
pensions

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

3 282
-
1 235
-
surtax
4 199
-
1 582
-
total
10 780
-
4 059
-
Corporate
-
18 000
-
-
surtax
-
72
-
-
income
-
3 600
-
-
total
-
3 672
-
-
Dividends
-
14 328
-
-
withholding

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

-
4 110
-
-
total
-
4 110
-
-
Income
18 000
18 000
18 000
18 000
Total tax
28 938
7 782
9 637
6 858
After tax
-10 938
10 218
8 363
11 142
Living cost
18 878
18 878
18 878
18 878
Free-cash
-29 816
-8 660
-10 515
-7 736

Estimated living cost  is ₴18878 per week

₴12160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1651
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.
₴4772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9473
-₴6493
-₴8511
-₴15988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 413
pensions
-
-
-
5 094
unemployment
-
-
-
126
accident
-
-
-
162
other
-
-
-
18
total
-
-
-
7 813
Employee
25 772
-
12 488
-
pensions
1 211
-
813
-
other
26
-
18
-
income
5 438
-
2 164
-
unemployment
400
-
268
-
total
7 075
-
3 263
-
Employer
25 772
-
12 488
-
accident
510
-
342
-
unemployment
1 418
-
951
-
other
205
-
139
-
pensions
6 082
-
4 080
-
total
8 215
-
5 512
-
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
-
3 095
-
-
total
-
3 095
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 290
5 795
8 775
7 813
After tax
2 710
12 205
9 225
10 187
Living cost
18 698
18 698
18 698
18 698
Free-cash
-15 988
-6 493
-9 473
-8 511

Estimated living cost  is ₴18698 per week

₴13769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1326
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴17063
-₴16811
-₴17061
-₴25893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
839
health
-
-
-
1 847
income
-
-
-
74
pensions
-
-
-
3 942
communal
-
-
-
-
accident
-
-
-
222
total
-
-
-
6 924
Employee
39 209
-
15 055
-
pensions
3 136
-
1 971
-
health
1 745
-
1 097
-
income
3 787
-
74
-
surtax
2 403
-
839
-
total
11 071
-
3 981
-
Employer
39 209
-
15 055
-
accident
353
-
222
-
health
1 196
-
752
-
pensions
3 136
-
1 971
-
total
4 685
-
2 945
-
Corporate
-
18 000
-
-
surtax
-
189
-
-
communal
-
1 215
-
-
income
-
2 700
-
-
total
-
4 104
-
-
Dividends
-
13 896
-
-
income
-
486
-
-
withholding
-
2 084
-
-
total
-
2 570
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 756
6 674
6 926
6 924
After tax
2 244
11 326
11 074
11 076
Living cost
28 137
28 137
28 137
28 137
Free-cash
-25 893
-16 811
-17 063
-17 061

Estimated living cost  is ₴28137 per week

₴21107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
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.
₴5027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1673
-₴307
-₴1253
-₴3106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27
health
-
-
-
1 278
income
-
-
-
2 601
pensions
-
-
-
3 600
unemployment
-
-
-
118
other
-
-
-
-
total
-
-
-
7 624
Employee
17 436
-
14 870
-
pensions
1 163
-
991
-
other
-
-
-
-
health
445
-
379
-
income
2 923
-
2 493
-
unemployment
1 213
-
1 035
-
surtax
62
-
15
-
total
5 806
-
4 913
-
Employer
17 436
-
14 870
-
unemployment
553
-
472
-
health
793
-
677
-
other
-
-
-
-
pensions
2 325
-
1 982
-
total
3 671
-
3 131
-
Corporate
-
18 000
-
-
income
-
4 680
-
-
total
-
4 680
-
-
Dividends
-
13 320
-
-
withholding
-
1 998
-
-
total
-
1 998
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 477
6 678
8 044
7 624
After tax
8 523
11 322
9 956
10 376
Living cost
11 629
11 629
11 629
11 629
Free-cash
-3 106
-307
-1 673
-1 253

Estimated living cost  is ₴11629 per week

₴7021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5098
-₴4486
-₴4030
-₴10721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
4 630
national
-
-
-
3 075
regional
-
-
-
271
municipal
-
-
-
107
total
-
-
-
8 083
Employee
28 720
-
18 000
-
municipal
152
-
95
-
national
4 550
-
2 744
-
regional
387
-
242
-
social contributions
9 685
-
6 070
-
total
14 774
-
9 151
-
Employer
28 720
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
nationa
-
4 320
-
-
municipal
-
895
-
-
total
-
5 215
-
-
Dividends
-
12 785
-
-
withholding
-
3 324
-
-
total
-
3 324
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 774
8 539
9 151
8 083
After tax
3 226
9 461
8 849
9 917
Living cost
13 947
13 947
13 947
13 947
Free-cash
-10 721
-4 486
-5 098
-4 030

Estimated living cost  is ₴13947 per week

₴8674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6808
-₴3550
-₴7176
-₴13416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
5 256
health
-
-
-
2 430
income
-
-
-
1 547
solidarity contribution
-
-
-
-
total
-
-
-
9 233
Employee
23 446
-
13 433
-
health
3 165
-
1 813
-
income
2 813
-
1 612
-
social contributions
1 524
-
873
-
solidarity contribution
-
-
-
-
total
7 502
-
4 298
-
Employer
23 446
-
13 433
-
health
2 110
-
1 209
-
social contributions
5 861
-
3 358
-
total
7 971
-
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
15 473
5 607
8 865
9 233
After tax
2 527
12 393
9 135
8 767
Living cost
15 943
15 943
15 943
15 943
Free-cash
-13 416
-3 550
-6 808
-7 176

Estimated living cost  is ₴15943 per week

₴11856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
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.
₴2928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10195
-₴10206
-₴6473
-₴11636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 377
income
-
-
-
-
pensions
-
-
-
3 330
unemployment
-
-
-
3 176
total
-
-
-
7 955
Employee
22 632
20 633
20 633
-
pensions
2 318
2 112
1 390
-
other
226
206
136
-
health
875
799
526
-
income
2 016
1 522
1 890
-
unemployment
679
619
408
-
total
6 114
5 258
4 350
-
Employer
22 632
20 633
20 633
-
accident
294
268
177
-
unemployment
679
619
408
-
health
856
780
513
-
other
1 075
980
920
-
pensions
2 840
2 590
1 704
-
payroll
679
619
619
-
surtax
-
-
-
-
chamber of commerce
90
83
83
-
total
6 513
5 939
4 424
-
Corporate
1 965
1 965
11 613
-
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.

491
491
2 903
-
total
491
491
2 903
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 118
11 688
11 677
7 955
After tax
4 882
6 312
6 323
10 045
Living cost
16 518
16 518
16 518
16 518
Free-cash
-11 636
-10 206
-10 195
-6 473

Estimated living cost  is ₴16518 per week

₴9909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7402
₴10102
₴10822
₴8790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 747
-
18 000
-
income
1 749
-
3 600
-
total
1 749
-
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%.

9 253
18 000
-
-
total
-
-
-
-
Dividends
9 253
18 000
-
-
withholding
463
900
-
-
total
463
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
2 212
900
3 600
180
After tax
15 788
17 100
14 400
17 820
Living cost
6 998
6 998
6 998
6 998
Free-cash
8 790
10 102
7 402
10 822

Estimated living cost  is ₴6998 per week

₴4735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4164
-₴1494
-₴3593
-₴8460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
18 000
health
-
-
-
1 771
income
-
-
-
2 620
pensions
-
-
-
3 288
unemployment
-
-
-
27
total
-
-
-
7 706
Employee

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

22 895
-
15 574
-
pensions
3 549
-
2 414
-
health
1 479
-
1 006
-
income
3 948
-
2 409
-
unemployment
32
-
22
-
total
9 008
-
5 851
-
Employer

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

22 895
-
15 574
-
unemployment
14
-
10
-
health
1 525
-
1 038
-
pensions
2 026
-
1 378
-
total
3 565
-
2 426
-
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
12 573
5 607
8 277
7 706
After tax
5 427
12 393
9 723
10 294
Living cost
13 887
13 887
13 887
13 887
Free-cash
-8 460
-1 494
-4 164
-3 593

Estimated living cost  is ₴13887 per week

₴9531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13572
-₴12921
-₴11433
-₴64491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
34 228
-
2 318
-
income
7 550
-
422
-
social contributions
2 807
-
400
-
total
10 357
-
822
-
Employer
34 228
-
2 318
-
social contributions
48 262
-
6 878
-
total
48 262
-
6 878
-
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
58 619
7 049
7 700
5 561
After tax
-40 619
10 951
10 300
12 439
Living cost
23 872
23 872
23 872
23 872
Free-cash
-64 491
-12 921
-13 572
-11 433

Estimated living cost  is ₴23872 per week

₴15489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2245
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.
₴5833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5814
-₴6001
-₴5569
-₴11467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 074
total
-
-
-
7 329
Employee
23 813
-
14 545
-
income
4 953
-
2 519
-
social contributions
2 619
-
1 600
-
surtax
-
-
-
-
total
7 572
-
4 119
-
Employer
23 813
-
14 545
-
social contributions
5 655
-
3 455
-
total
5 655
-
3 455
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 981
-
-
total
-
3 981
-
-
Income
18 000
18 000
18 000
18 000
Total tax
13 227
7 761
7 574
7 329
After tax
4 773
10 239
10 426
10 671
Living cost
16 240
16 240
16 240
16 240
Free-cash
-11 467
-6 001
-5 814
-5 569

Estimated living cost  is ₴16240 per week

₴12151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴958
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13520
-₴15934
-₴13956
-₴24556
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
social contributions
-
-
-
513
health
-
-
-
157
income
-
-
-
220
pensions
-
-
-
5 501
other
-
-
-
558
total
-
-
-
6 949
Employee
32 428
-
13 716
-
pensions
3 668
-
1 551
-
income
2 829
-
287
-
social contributions
924
-
391
-
surtax
-
-
-
-
total
7 421
-
2 229
-
Employer
32 428
-
13 716
-
unemployment
1 314
-
555
-
health
2 270
-
960
-
other
1 119
-
474
-
pensions
5 328
-
2 254
-
social contributions
97
-
41
-
total
10 128
-
4 284
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
withholding
-
1 659
-
-
social contributions
-
2 228
-
-
total
-
3 887
-
-
Income
18 000
18 000
18 000
18 000
Total tax
17 549
8 927
6 513
6 949
After tax
451
9 073
11 487
11 051
Living cost
25 007
25 007
25 007
25 007
Free-cash
-24 556
-15 934
-13 520
-13 956

Estimated living cost  is ₴25007 per week

₴16924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2046
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴991
₴637
-₴1523
-₴1225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 645
-
15 585
-
social contributions
1 082
-
1 013
-
income
-
-
-
-
total
1 082
-
1 013
-
Employer
16 645
-
15 585
-
social contributions
2 580
-
2 415
-
total
2 580
-
2 415
-
Corporate
-
18 000
-
-
income
-
1 800
-
-
total
-
1 800
-
-
Dividends
-
16 200
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
3 662
1 800
3 428
3 960
After tax
14 338
16 200
14 572
14 040
Living cost
15 563
15 563
15 563
15 563
Free-cash
-1 225
637
-991
-1 523

Estimated living cost  is ₴15563 per week

₴10063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
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.
₴4034
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴94595
-₴94595
-₴12452
-₴94595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
labour market
-
-
-
1 404
national
-
-
-
1 396
pensions
-
-
-
448
municipal
-
-
-
2 316
total
-
-
-
5 564
Employee
105 046
105 046
105 046
-
labour market
8 392
8 392
8 392
-
pensions
149
149
149
-
municipal
22 369
22 369
22 369
-
national
12 833
12 833
12 833
-
total
43 743
43 743
43 743
-
Employer
105 046
105 046
105 046
-
municipal
22 405
22 405
22 405
-
labour market
8 404
8 404
8 404
-
pensions
299
299
299
-
national
12 856
12 856
12 856
-
total
43 964
43 964
43 964
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
87 707
87 707
87 707
5 564
After tax
-69 707
-69 707
-69 707
12 436
Living cost
24 888
24 888
24 888
24 888
Free-cash
-94 595
-94 595
-94 595
-12 452

Estimated living cost  is ₴24888 per week

₴17034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1661
-₴9709
₴686
-₴3146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 124
income
-
-
-
2 558
pensions
-
-
-
2 144
accident
-
-
-
130
other
-
-
-
191
total
-
-
-
6 147
Employee
17 567
-
14 953
-
pensions
1 978
-
1 684
-
health
2 012
-
1 712
-
income
2 410
-
2 051
-
total
6 400
-
5 447
-
Employer
17 567
-
14 953
-
accident
293
-
250
-
unemployment
430
-
366
-
pensions
2 856
-
2 431
-
total
3 579
-
3 047
-
Corporate
-
18 000
-
-
income

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

-
16 200
-
-
total
-
16 200
-
-
Dividends
-
1 800
-
-
withholding
-
342
-
-
total
-
342
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 979
16 542
8 494
6 147
After tax
8 021
1 458
9 506
11 853
Living cost
11 167
11 167
11 167
11 167
Free-cash
-3 146
-9 709
-1 661
686

Estimated living cost  is ₴11167 per week

₴8129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8499
-₴7422
-₴5206
-₴14380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
18 000
health
-
-
-
61
national
-
-
-
38
municipal
-
-
-
3 229
total
-
-
-
3 328
Employee
27 240
-
15 143
-
pensions
1 838
-
1 022
-
municipal
4 462
-
2 498
-
health
203
-
17
-
national
450
-
-
-
unemployment
409
-
227
-
total
7 362
-
3 764
-
Employer
27 240
-
15 143
-
accident
28
-
15
-
unemployment
177
-
98
-
health
209
-
117
-
pensions
4 726
-
2 627
-
total
5 140
-
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
12 502
5 544
6 621
3 328
After tax
5 498
12 456
11 379
14 672
Living cost
19 878
19 878
19 878
19 878
Free-cash
-14 380
-7 422
-8 499
-5 206

Estimated living cost  is ₴19878 per week

₴12984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1669
-₴5694
₴2441
-₴1976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 682
social contributions
-
-
-
3 070
health
-
-
-
502
income
-
-
-
-
total
-
-
-
3 572
Employee
39 813
39 813
39 813
-
health
309
677
278
-
income
4 335
3 685
4 389
-
social contributions
1 505
3 304
1 356
-
total
6 149
7 666
6 023
-
Employer
39 813
39 813
39 813
-
health
335
737
303
-
social contributions
1 505
3 304
1 356
-
total
1 840
4 041
1 659
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 989
11 707
7 682
3 572
After tax
10 011
6 293
10 318
14 428
Living cost
11 987
11 987
11 987
11 987
Free-cash
-1 976
-5 694
-1 669
2 441

Estimated living cost  is ₴11987 per week

₴7184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3002
₴6686
₴3371
₴4052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
18 000
health
-
-
-
1 874
income
-
-
-
1 227
pensions
-
-
-
3 293
unemployment
-
-
-
15
total
-
-
-
6 409
Employee

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

11 884
-
16 319
-
pensions
1 782
-
2 447
-
health
1 010
-
1 387
-
income
813
-
1 181
-
unemployment
59
-
82
-
total
3 664
-
5 097
-
Employer

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

11 884
-
16 319
-
unemployment
59
-
82
-
health
511
-
702
-
pensions
653
-
897
-
total
1 223
-
1 681
-
Corporate
4 893
18 000
-
-
income
440
1 620
-
-
total
440
1 620
-
-
Dividends
4 452
16 380
-
-
withholding
401
1 474
-
-
total
401
1 474
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 728
3 094
6 778
6 409
After tax
12 272
14 906
11 222
11 591
Living cost
8 220
8 220
8 220
8 220
Free-cash
4 052
6 686
3 002
3 371

Estimated living cost  is ₴8220 per week

₴5245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5013
-₴2033
-₴4051
-₴7248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 413
pensions
-
-
-
5 094
unemployment
-
-
-
126
accident
-
-
-
162
other
-
-
-
18
total
-
-
-
7 813
Employee
19 144
-
12 488
-
pensions
900
-
813
-
other
19
-
18
-
income
3 691
-
2 164
-
unemployment
297
-
268
-
total
4 907
-
3 263
-
Employer
19 144
-
12 488
-
accident
379
-
342
-
unemployment
1 053
-
951
-
other
153
-
139
-
pensions
4 518
-
4 080
-
total
6 103
-
5 512
-
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
-
3 095
-
-
total
-
3 095
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 010
5 795
8 775
7 813
After tax
6 990
12 205
9 225
10 187
Living cost
14 238
14 238
14 238
14 238
Free-cash
-7 248
-2 033
-5 013
-4 051

Estimated living cost  is ₴14238 per week

₴9610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10183
₴10318
₴10249
₴10168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
483
income
-
-
-
5 687
pensions
-
-
-
667
total
-
-
-
6 837
Employee
1 392
-
17 250
-
pensions
125
-
300
-
health
70
-
167
-
income
269
-
5 652
-
unemployment
14
-
33
-
total
478
-
6 152
-
Employer
1 392
-
17 250
-
unemployment
28
-
67
-
health
132
-
317
-
pensions
153
-
367
-
total
313
-
751
-
Corporate
16 295
18 000
-
-
income
3 585
3 960
-
-
total
3 585
3 960
-
-
Dividends
12 710
14 040
-
-
withholding
2 542
2 808
-
-
total
2 542
2 808
-
-
Income
18 000
18 000
18 000
18 000
Total tax
6 918
6 768
6 903
6 837
After tax
11 082
11 232
11 097
11 163
Living cost
914
914
914
914
Free-cash
10 168
10 318
10 183
10 249

Estimated living cost  is ₴914 per week

₴543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1072
₴4064
₴297
₴1522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
18 000
health
-
-
-
1 854
income
-
-
-
1 958
pensions
-
-
-
4 680
unemployment
-
-
-
270
total
-
-
-
8 762
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.

13 482
-
15 267
-
pensions
1 887
-
2 137
-
health
694
-
786
-
income
1 858
-
2 216
-
unemployment
101
-
115
-
total
4 540
-
5 254
-
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.

13 482
-
15 267
-
unemployment
101
-
115
-
health
694
-
786
-
pensions
1 618
-
1 832
-
total
2 413
-
2 733
-
Corporate
2 105
18 000
-
-
income
316
2 700
-
-
total
316
2 700
-
-
Dividends
1 789
15 300
-
-
withholding
268
2 295
-
-
total
268
2 295
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 537
4 995
7 987
8 762
After tax
10 463
13 005
10 013
9 238
Living cost
8 941
8 941
8 941
8 941
Free-cash
1 522
4 064
1 072
297

Estimated living cost  is ₴8941 per week

₴6020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴692
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.
₴1971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3532
-₴3719
-₴3287
-₴6867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 074
total
-
-
-
7 329
Employee
20 095
-
14 545
-
income
3 926
-
2 519
-
social contributions
2 211
-
1 600
-
surtax
-
-
-
-
total
6 137
-
4 119
-
Employer
20 095
-
14 545
-
social contributions
4 772
-
3 455
-
total
4 772
-
3 455
-
Corporate
-
18 000
-
-
surtax
-
-
-
-
income
-
3 780
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 981
-
-
total
-
3 981
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 909
7 761
7 574
7 329
After tax
7 091
10 239
10 426
10 671
Living cost
13 958
13 958
13 958
13 958
Free-cash
-6 867
-3 719
-3 532
-3 287

Estimated living cost  is ₴13958 per week

₴9886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴2855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8971
-₴5991
-₴8009
-₴14978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 413
pensions
-
-
-
5 094
unemployment
-
-
-
126
accident
-
-
-
162
other
-
-
-
18
total
-
-
-
7 813
Employee
25 005
-
12 488
-
pensions
1 175
-
813
-
other
25
-
18
-
income
5 223
-
2 164
-
unemployment
387
-
268
-
total
6 810
-
3 263
-
Employer
25 005
-
12 488
-
accident
495
-
342
-
unemployment
1 376
-
951
-
other
200
-
139
-
pensions
5 901
-
4 080
-
total
7 972
-
5 512
-
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
-
3 095
-
-
total
-
3 095
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 782
5 795
8 775
7 813
After tax
3 218
12 205
9 225
10 187
Living cost
18 196
18 196
18 196
18 196
Free-cash
-14 978
-5 991
-8 971
-8 009

Estimated living cost  is ₴18196 per week

₴13068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6056
-₴2029
-₴6925
-₴9591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
2 070
income
-
-
-
2 700
pensions

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

-
-
-
2 664
unemployment
-
-
-
72
total
-
-
-
7 506
Employee
23 066
-
15 048
-
pensions

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

2 025
-
1 322
-
accident

We are using the highest rate at 1.1%.

253
-
165
-
health
1 061
-
692
-
income
2 307
-
1 505
-
total
5 646
-
3 684
-
Employer
23 066
-
15 048
-
accident

We are using the highest rate at 1.1%.

253
-
165
-
unemployment
139
-
90
-
health
1 592
-
1 039
-
pensions

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

2 542
-
1 659
-
total
4 526
-
2 953
-
Corporate
-
18 000
-
-
income
-
1 800
-
-
total
-
1 800
-
-
Dividends
-
16 200
-
-
withholding
-
810
-
-
total
-
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 172
2 610
6 637
7 506
After tax
7 828
15 390
11 363
10 494
Living cost
17 419
17 419
17 419
17 419
Free-cash
-9 591
-2 029
-6 056
-6 925

Estimated living cost  is ₴17419 per week

₴11521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴416
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5642
-₴10604
-₴5642
-₴7761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6
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.

-
-
-
3 537
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.

-
-
-
110
total
-
-
-
3 653
Employee

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

25 761
-
18 000
-
health

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

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

3 537
-
3 537
-
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.

2 118
-
110
-
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.

117
-
6
-
total
5 772
-
3 653
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
trade
-
2 583
-
-
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.

-
148
-
-
chamber of commerce
-
105
-
-
income
-
2 700
-
-
total
-
5 536
-
-
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.

-
160
-
-
withholding
-
2 919
-
-
total
-
3 079
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 772
8 615
3 653
3 653
After tax
12 228
9 385
14 347
14 347
Living cost
19 989
19 989
19 989
19 989
Free-cash
-7 761
-10 604
-5 642
-5 642

Estimated living cost  is ₴19989 per week

₴13789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2151
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14126
-₴16893
-₴14126
-₴22500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
654
income
-
-
-
1 979
total
-
-
-
2 633
Employee
40 500
-
18 000
-
social contributions
3 365
-
654
-
income
7 642
-
1 979
-
total
11 007
-
2 633
-
Employer
40 500
-
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
11 007
5 400
2 633
2 633
After tax
6 993
12 600
15 367
15 367
Living cost
29 493
29 493
29 493
29 493
Free-cash
-22 500
-16 893
-14 126
-14 126

Estimated living cost  is ₴29493 per week

₴22438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4987
-₴8849
-₴18785
-₴9677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 253
income
-
-
-
14 738
total
-
-
-
17 991
Employee
23 751
-
16 361
-
social contributions
2 380
-
1 639
-
income
2 577
-
915
-
total
4 957
-
2 554
-
Employer
23 751
-
16 361
-
social contributions
2 380
-
1 639
-
total
2 380
-
1 639
-
Corporate
-
18 000
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
11 700
-
-
social contributions
1 546
1 755
-
-
total
1 546
1 755
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 883
8 055
4 193
17 991
After tax
9 117
9 945
13 807
9
Living cost
18 794
18 794
18 794
18 794
Free-cash
-9 677
-8 849
-4 987
-18 785

Estimated living cost  is ₴18794 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-₴6997
-₴5881
-₴5568
-₴11776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
3 450
pensions
-
-
-
750
total
-
-
-
4 200
Employee
26 585
-
16 407
-
pensions
2 029
-
808
-
health
347
-
138
-
income
4 841
-
3 092
-
total
7 217
-
4 038
-
Employer
26 585
-
16 407
-
health
505
-
311
-
pensions
2 686
-
1 280
-
total
3 191
-
1 591
-
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
10 408
4 513
5 629
4 200
After tax
7 592
13 487
12 371
13 800
Living cost
19 368
19 368
19 368
19 368
Free-cash
-11 776
-5 881
-6 997
-5 568

Estimated living cost  is ₴19368 per week

₴13286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
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.
₴4057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2767
-₴10815
-₴420
-₴5240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
health
-
-
-
1 124
income
-
-
-
2 558
pensions
-
-
-
2 144
accident
-
-
-
130
other
-
-
-
191
total
-
-
-
6 147
Employee
19 306
-
14 953
-
pensions
2 174
-
1 684
-
health
2 210
-
1 712
-
income
2 649
-
2 051
-
total
7 033
-
5 447
-
Employer
19 306
-
14 953
-
accident
322
-
250
-
unemployment
473
-
366
-
pensions
3 139
-
2 431
-
total
3 934
-
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
10 967
16 542
8 494
6 147
After tax
7 033
1 458
9 506
11 853
Living cost
12 273
12 273
12 273
12 273
Free-cash
-5 240
-10 815
-2 767
-420

Estimated living cost  is ₴12273 per week

₴9007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴715
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.
₴2303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4194
₴8304
₴4194
₴5786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
90
income
-
-
-
1 860
pensions
-
-
-
3 312
unemployment
-
-
-
216
health insurance
-
-
-
1 332
total
-
-
-
6 810
Employee

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

11 194
-
18 000
-
pensions
2 060
-
3 312
-
health insurance
828
-
1 332
-
income
1 119
-
1 860
-
work injury
56
-
90
-
unemployment
134
-
216
-
total
4 197
-
6 810
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
6 806
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
6 806
18 000
-
-
withholding
1 021
2 700
-
-
total
1 021
2 700
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 218
2 700
6 810
6 810
After tax
12 782
15 300
11 190
11 190
Living cost
6 996
6 996
6 996
6 996
Free-cash
5 786
8 304
4 194
4 194

Estimated living cost  is ₴6996 per week

₴4334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴508
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1935
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11753
-₴11145
-₴10682
-₴25629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
4 630
national
-
-
-
3 075
regional
-
-
-
231
municipal
-
-
-
120
total
-
-
-
8 056
Employee
43 629
-
18 000
-
municipal
260
-
107
-
national
7 373
-
2 744
-
regional
659
-
206
-
social contributions
14 711
-
6 070
-
total
23 003
-
9 127
-
Employer
43 629
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
nationa
-
4 320
-
-
municipal
-
868
-
-
total
-
5 188
-
-
Dividends
-
12 812
-
-
withholding
-
3 331
-
-
total
-
3 331
-
-
Income
18 000
18 000
18 000
18 000
Total tax
23 003
8 519
9 127
8 056
After tax
-5 003
9 481
8 873
9 944
Living cost
20 626
20 626
20 626
20 626
Free-cash
-25 629
-11 145
-11 753
-10 682

Estimated living cost  is ₴20626 per week

₴14488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1419
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.
₴4407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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[[ row[2] ]] [[ row[0] ]]

Estimated living cost

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