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
-₴5880
-₴765
-₴765
-₴1035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
18 000
income

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

-
-
-
276
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.

-
-
-
15
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.

-
-
-
3 400
trade
-
-
-
-
total
-
-
-
3 691
Employee

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

19 035
-
18 000
-
surtax

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

29
-
15
-
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.

532
-
276
-
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.

3 400
-
3 400
-
total
3 961
-
3 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
surtax

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

-
148
-
-
chamber of commerce
-
101
-
-
trade
-
2 835
-
-
total
-
5 784
-
-
Dividends
-
12 215
-
-
surtax

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

-
158
-
-
withholding
-
2 864
-
-
total
-
3 022
-
-
Income
18 000
18 000
18 000
18 000
Total tax
3 961
8 806
3 691
3 691
After tax
14 039
9 194
14 309
14 309
Living cost
15 074
15 074
15 074
15 074
Free-cash
-1 035
-5 880
-765
-765

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15265
-₴14399
-₴14540
-₴26803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
193
municipal
-
-
-
1 447
national
-
-
-
2 243
pensions
-
-
-
2 160
total
-
-
-
6 043
Employee
41 075
-
15 561
-
municipal
5 073
-
1 517
-
pensions
1 643
-
622
-
national
7 862
-
2 351
-
total
14 578
-
4 490
-
Employer
41 075
-
15 561
-
pensions
3 286
-
1 245
-
social contributions
442
-
167
-
total
3 728
-
1 412
-
Corporate
-
18 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
14 400
-
-
withholding
-
3 168
-
-
total
-
3 168
-
-
Income
18 000
18 000
18 000
18 000
Total tax
18 306
6 768
5 902
6 043
After tax
-306
11 232
12 098
11 957
Living cost
26 497
26 497
26 497
26 497
Free-cash
-26 803
-15 265
-14 399
-14 540

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4046
-₴26
₴3379
-₴46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
18 000
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 567
microenterprise
-
-
-
2 700
total
-
-
-
4 267
Employee
14 542
-
14 506
-
surtax
-
-
-
-
social contributions

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

1 600
-
1 596
-
income
2 589
-
2 582
-
total
4 189
-
4 178
-
Employer
14 542
-
14 506
-
social contributions

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

3 503
-
3 494
-
surtax
-
-
-
-
total
3 503
-
3 494
-
Corporate
-
18 000
-
-
income

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

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

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

-
14 400
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 692
3 600
7 672
4 267
After tax
10 308
14 400
10 328
13 733
Living cost
10 354
10 354
10 354
10 354
Free-cash
-46
4 046
-26
3 379

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
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.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28626
-₴31419
-₴10470
-₴31419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
1 620
health
-
-
-
2 762
pensions
-
-
-
3 240
total
-
-
-
7 622
Employee
42 499
42 499
42 499
-
pensions
7 650
5 831
7 650
-
income

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

6 956
6 956
6 956
-
health
6 523
5 549
6 523
-
total
21 129
18 336
21 129
-
Employer
42 499
42 499
42 499
-
health
2 954
2 954
2 954
-
pensions
2 958
2 958
2 958
-
unemployment
1 530
1 530
1 530
-
total
7 442
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
28 571
25 778
28 571
7 622
After tax
-10 571
-7 778
-10 571
10 378
Living cost
20 848
20 848
20 848
20 848
Free-cash
-31 419
-28 626
-31 419
-10 470

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10053
-₴10269
-₴10909
-₴19230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
36
other
-
-
-
2 092
unemployment
-
-
-
18
health
-
-
-
1 123
municipal
-
-
-
3 813
national
-
-
-
-
pensions
-
-
-
1 946
total
-
-
-
9 028
Employee
28 329
-
13 697
-
municipal
8 448
-
4 084
-
national
-
-
-
-
total
8 448
-
4 084
-
Employer
28 329
-
13 697
-
health
1 742
-
842
-
pensions
3 062
-
1 481
-
accident
57
-
27
-
unemployment
748
-
362
-
other
3 292
-
1 592
-
total
8 901
-
4 304
-
Corporate
-
18 000
-
-
income
-
3 960
-
-
total
-
3 960
-
-
Dividends
-
14 040
-
-
withholding
-
4 212
-
-
total
-
4 212
-
-
Income
18 000
18 000
18 000
18 000
Total tax
17 349
8 172
8 388
9 028
After tax
651
9 828
9 612
8 972
Living cost
19 881
19 881
19 881
19 881
Free-cash
-19 230
-10 053
-10 269
-10 909

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
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.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10450
-₴5242
-₴5242
-₴7238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
18 000
income

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

-
-
-
276
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.

-
-
-
15
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.

-
-
-
3 400
trade
-
-
-
-
total
-
-
-
3 691
Employee

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

25 238
-
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.

119
-
15
-
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.

2 168
-
276
-
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.

3 400
-
3 400
-
total
5 687
-
3 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
surtax

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

-
148
-
-
chamber of commerce
-
101
-
-
trade
-
2 961
-
-
total
-
5 910
-
-
Dividends
-
12 090
-
-
surtax

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

-
156
-
-
withholding
-
2 833
-
-
total
-
2 989
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 687
8 899
3 691
3 691
After tax
12 313
9 101
14 309
14 309
Living cost
19 551
19 551
19 551
19 551
Free-cash
-7 238
-10 450
-5 242
-5 242

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9396
-₴5634
-₴1576
-₴6677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 919
income
-
-
-
-
social contributions
-
-
-
2 951
health
-
-
-
483
total
-
-
-
3 434
Employee
38 269
38 269
38 269
-
social contributions
1 860
3 176
1 356
-
income
4 019
3 543
4 200
-
health
381
651
278
-
total
6 260
7 370
5 834
-
Employer
38 269
38 269
38 269
-
health
415
708
302
-
social contributions
1 860
3 176
1 356
-
total
2 275
3 884
1 658
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 535
11 254
7 492
3 434
After tax
9 465
6 746
10 508
14 566
Living cost
16 142
16 142
16 142
16 142
Free-cash
-6 677
-9 396
-5 634
-1 576

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
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.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1336
₴1516
₴3550
₴1521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 200
unemployment
-
-
-
270
health
-
-
-
1 260
pensions
-
-
-
1 800
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.

12 876
5 124
15 063
-
unemployment
193
77
226
-
pensions
1 288
512
1 506
-
income
1 574
626
1 841
-
health
901
359
1 054
-
total
3 956
1 574
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.

12 876
5 124
15 063
-
pensions
2 511
999
2 937
-
total
2 511
999
2 937
-
Corporate
2 614
11 876
-
-
income
235
1 069
-
-
total
235
1 069
-
-
Dividends
2 378
10 808
-
-
social contributions
405
2 049
-
-
withholding
452
2 053
-
-
total
857
4 102
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 559
7 744
7 564
5 530
After tax
10 441
10 256
10 436
12 470
Living cost
8 920
8 920
8 920
8 920
Free-cash
1 521
1 336
1 516
3 550

Estimated living cost  is ₴8920 per week

₴6087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2379
-₴513
-₴1239
-₴890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
1 279
health
-
-
-
2 340
pensions
-
-
-
3 599
total
-
-
-
7 218
Employee
14 118
-
13 453
-
unemployment
226
-
215
-
pensions
282
-
269
-
income
1 589
-
1 460
-
total
2 097
-
1 944
-
Employer
14 118
-
13 453
-
health
1 835
-
1 749
-
pensions
2 824
-
2 691
-
unemployment
113
-
108
-
total
4 772
-
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
6 869
3 600
6 492
7 218
After tax
11 131
14 400
11 508
10 782
Living cost
12 021
12 021
12 021
12 021
Free-cash
-890
2 379
-513
-1 239

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9653
-₴1605
₴801
-₴3040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
128
income
-
-
-
2 571
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
6 088
Employee
17 478
-
14 953
-
pensions
1 968
-
1 684
-
income
2 398
-
2 051
-
health
2 001
-
1 712
-
total
6 367
-
5 447
-
Employer
17 478
-
14 953
-
pensions
2 842
-
2 431
-
accident
292
-
250
-
unemployment
428
-
366
-
total
3 562
-
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
9 929
16 542
8 494
6 088
After tax
8 071
1 458
9 506
11 912
Living cost
11 111
11 111
11 111
11 111
Free-cash
-3 040
-9 653
-1 605
801

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13090
₴10390
₴13810
₴12339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 012
-
18 000
-
income
1 002
-
3 600
-
total
1 002
-
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%.

12 988
18 000
-
-
total
-
-
-
-
Dividends
12 988
18 000
-
-
withholding
649
900
-
-
total
649
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
1 651
900
3 600
180
After tax
16 349
17 100
14 400
17 820
Living cost
4 010
4 010
4 010
4 010
Free-cash
12 339
13 090
10 390
13 810

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴36
-₴2710
-₴3515
-₴4623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 286
other
-
-
-
855
health
-
-
-
792
pensions

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

-
-
-
4 321
total
-
-
-
8 254
Employee
18 070
-
14 377
-
unemployment
180
-
144
-
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.

1 265
-
1 007
-
income
3 111
-
2 474
-
health
253
-
201
-
total
4 809
-
3 826
-
Employer
18 070
-
14 377
-
health
253
-
201
-
pensions

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

3 072
-
2 444
-
accident
144
-
115
-
unemployment
180
-
144
-
other
904
-
719
-
total
4 553
-
3 623
-
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
9 362
4 775
7 449
8 254
After tax
8 638
13 225
10 551
9 746
Living cost
13 261
13 261
13 261
13 261
Free-cash
-4 623
-36
-2 710
-3 515

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19762
-₴20957
-₴19479
-₴35488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 442
pensions
-
-
-
789
total
-
-
-
4 231
Employee
47 041
-
16 368
-
pensions
4 538
-
857
-
income
8 480
-
3 072
-
health
775
-
147
-
total
13 793
-
4 076
-
Employer
47 041
-
16 368
-
health
893
-
311
-
pensions
5 554
-
1 322
-
total
6 447
-
1 633
-
Corporate
-
18 000
-
-
income

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

-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
1 094
-
-
total
-
1 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
20 240
4 514
5 709
4 231
After tax
-2 240
13 486
12 291
13 769
Living cost
33 248
33 248
33 248
33 248
Free-cash
-35 488
-19 762
-20 957
-19 479

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
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.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8866
₴4840
₴4135
₴6555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 700
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
7 341
Employee
8 638
-
15 047
-
accident

We are using the highest rate at 1.1%.

95
-
166
-
pensions

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

758
-
1 321
-
income
864
-
1 505
-
health
397
-
692
-
total
2 114
-
3 684
-
Employer
8 638
-
15 047
-
health
596
-
1 038
-
pensions

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

952
-
1 658
-
accident

We are using the highest rate at 1.1%.

95
-
166
-
unemployment
52
-
90
-
total
1 695
-
2 952
-
Corporate
7 667
18 000
-
-
income
767
1 800
-
-
total
767
1 800
-
-
Dividends
6 900
16 200
-
-
withholding
345
810
-
-
total
345
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
4 921
2 610
6 636
7 341
After tax
13 079
15 390
11 364
10 659
Living cost
6 524
6 524
6 524
6 524
Free-cash
6 555
8 866
4 840
4 135

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35375
-₴38168
-₴17219
-₴36218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
1 620
health
-
-
-
2 762
pensions
-
-
-
3 240
total
-
-
-
7 622
Employee
46 141
42 499
42 499
-
pensions
5 831
5 831
7 650
-
income

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

6 956
6 956
6 956
-
health
5 756
5 549
6 523
-
total
18 543
18 336
21 129
-
Employer
46 141
42 499
42 499
-
health
3 206
2 954
2 954
-
pensions
3 211
2 958
2 958
-
unemployment
1 661
1 530
1 530
-
total
8 078
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
26 621
25 778
28 571
7 622
After tax
-8 621
-7 778
-10 571
10 378
Living cost
27 597
27 597
27 597
27 597
Free-cash
-36 218
-35 375
-38 168
-17 219

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
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.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴188
-₴3070
-₴3438
-₴6051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
1 547
social contributions
-
-
-
5 256
solidarity contribution
-
-
-
-
health
-
-
-
2 430
total
-
-
-
9 233
Employee
17 948
-
13 433
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
873
-
income
2 154
-
1 612
-
health
2 423
-
1 813
-
total
5 744
-
4 298
-
Employer
17 948
-
13 433
-
health
1 615
-
1 209
-
social contributions
4 487
-
3 358
-
total
6 102
-
4 567
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 846
5 607
8 865
9 233
After tax
6 154
12 393
9 135
8 767
Living cost
12 205
12 205
12 205
12 205
Free-cash
-6 051
188
-3 070
-3 438

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11396
-₴12055
-₴10976
-₴26229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
4 630
regional
-
-
-
164
municipal
-
-
-
107
national
-
-
-
3 075
total
-
-
-
7 976
Employee
44 230
-
18 000
-
municipal
234
-
95
-
national
7 664
-
2 744
-
regional
417
-
146
-
social contributions
14 914
-
6 070
-
total
23 229
-
9 055
-
Employer
44 230
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
municipal
-
702
-
-
nationa
-
4 320
-
-
total
-
5 022
-
-
Dividends
-
12 978
-
-
withholding
-
3 374
-
-
total
-
3 374
-
-
Income
18 000
18 000
18 000
18 000
Total tax
23 229
8 396
9 055
7 976
After tax
-5 229
9 604
8 945
10 024
Living cost
21 000
21 000
21 000
21 000
Free-cash
-26 229
-11 396
-12 055
-10 976

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴340
-₴1035
-₴612
-₴1922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 602
other
-
-
-
-
surtax
-
-
-
37
unemployment
-
-
-
113
health
-
-
-
1 278
pensions
-
-
-
3 600
total
-
-
-
7 630
Employee
16 458
-
14 870
-
other
-
-
-
-
unemployment
1 146
-
1 035
-
pensions
1 097
-
992
-
surtax
54
-
25
-
income
2 759
-
2 492
-
health
420
-
380
-
total
5 476
-
4 924
-
Employer
16 458
-
14 870
-
health
749
-
676
-
pensions
2 194
-
1 982
-
unemployment
521
-
471
-
other
-
-
-
-
total
3 464
-
3 129
-
Corporate
-
18 000
-
-
income
-
4 680
-
-
total
-
4 680
-
-
Dividends
-
13 320
-
-
withholding
-
1 998
-
-
total
-
1 998
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 940
6 678
8 053
7 630
After tax
9 060
11 322
9 947
10 370
Living cost
10 982
10 982
10 982
10 982
Free-cash
-1 922
340
-1 035
-612

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
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.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9228
-₴10423
-₴8945
-₴17538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 442
pensions
-
-
-
789
total
-
-
-
4 231
Employee
31 526
-
16 368
-
pensions
2 676
-
857
-
income
5 678
-
3 072
-
health
458
-
147
-
total
8 812
-
4 076
-
Employer
31 526
-
16 368
-
health
599
-
311
-
pensions
3 413
-
1 322
-
total
4 012
-
1 633
-
Corporate
-
18 000
-
-
income

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

-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
1 094
-
-
total
-
1 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 824
4 514
5 709
4 231
After tax
5 176
13 486
12 291
13 769
Living cost
22 714
22 714
22 714
22 714
Free-cash
-17 538
-9 228
-10 423
-8 945

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴31065
-₴25314
-₴23862
-₴32366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
360
regional
-
-
-
225
health
-
-
-
128
city
-
-
-
189
national
-
-
-
9
pensions
-
-
-
1 656
total
-
-
-
2 567
Employee
45 985
-
15 826
-
unemployment
-
-
-
-
pensions
3 863
-
1 648
-
national
218
-
-
-
regional
1 506
-
169
-
city
494
-
167
-
health
104
-
35
-
total
6 185
-
2 019
-
Employer
45 985
-
15 826
-
health
104
-
35
-
pensions
3 863
-
1 648
-
unemployment
-
-
-
-
other

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

919
-
317
-
total
4 886
-
2 000
-
Corporate
-
18 000
-
-
regional
-
3 807
-
-
national
-
1 530
-
-
total
-
5 337
-
-
Dividends
-
12 663
-
-
withholding
-
4 433
-
-
total
-
4 433
-
-
Income
18 000
18 000
18 000
18 000
Total tax
11 071
9 770
4 019
2 567
After tax
6 929
8 230
13 981
15 433
Living cost
39 295
39 295
39 295
39 295
Free-cash
-32 366
-31 065
-25 314
-23 862

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13791
-₴8490
-₴8490
-₴11910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
18 000
income

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

-
-
-
276
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.

-
-
-
15
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.

-
-
-
3 400
trade
-
-
-
-
total
-
-
-
3 691
Employee

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

29 909
-
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.

194
-
15
-
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.

3 517
-
276
-
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.

3 400
-
3 400
-
total
7 111
-
3 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
surtax

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

-
148
-
-
chamber of commerce
-
101
-
-
trade
-
3 087
-
-
total
-
6 036
-
-
Dividends
-
11 963
-
-
surtax

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

-
154
-
-
withholding
-
2 802
-
-
total
-
2 956
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 111
8 992
3 691
3 691
After tax
10 889
9 008
14 309
14 309
Living cost
22 799
22 799
22 799
22 799
Free-cash
-11 910
-13 791
-8 490
-8 490

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7954
-₴5592
-₴6003
-₴9950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
278
other
-
-
-
558
surtax
-
-
-
-
social contributions
-
-
-
513
health
-
-
-
157
pensions
-
-
-
5 470
total
-
-
-
6 976
Employee
21 300
-
13 716
-
pensions
2 408
-
1 551
-
surtax
-
-
-
-
social contributions
607
-
390
-
income
1 257
-
341
-
total
4 272
-
2 282
-
Employer
21 300
-
13 716
-
health
1 491
-
960
-
pensions
3 499
-
2 253
-
unemployment
862
-
555
-
social contributions
64
-
42
-
other
735
-
473
-
total
6 651
-
4 283
-
Corporate
-
18 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
social contributions
-
2 229
-
-
withholding
-
1 658
-
-
total
-
3 887
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 923
8 927
6 565
6 976
After tax
7 077
9 073
11 435
11 024
Living cost
17 027
17 027
17 027
17 027
Free-cash
-9 950
-7 954
-5 592
-6 003

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
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.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6267
-₴3905
-₴4316
-₴6950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
278
other
-
-
-
558
surtax
-
-
-
-
social contributions
-
-
-
513
health
-
-
-
157
pensions
-
-
-
5 470
total
-
-
-
6 976
Employee
19 013
-
13 716
-
pensions
2 150
-
1 551
-
surtax
-
-
-
-
social contributions
542
-
390
-
income
980
-
341
-
total
3 672
-
2 282
-
Employer
19 013
-
13 716
-
health
1 331
-
960
-
pensions
3 124
-
2 253
-
unemployment
770
-
555
-
social contributions
57
-
42
-
other
656
-
473
-
total
5 938
-
4 283
-
Corporate
-
18 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
social contributions
-
2 229
-
-
withholding
-
1 658
-
-
total
-
3 887
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 610
8 927
6 565
6 976
After tax
8 390
9 073
11 435
11 024
Living cost
15 340
15 340
15 340
15 340
Free-cash
-6 950
-6 267
-3 905
-4 316

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴428
₴633
₴1007
-₴399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 700
social contributions
-
-
-
2 484
health
-
-
-
1 256
total
-
-
-
6 440
Employee
16 874
-
18 000
-
social contributions
2 329
-
2 484
-
income
2 814
-
3 074
-
health
1 178
-
1 256
-
total
6 321
-
6 814
-
Employer
16 874
-
18 000
-
total
-
-
-
-
Corporate
1 126
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%.

57
900
-
-
total
57
900
-
-
Dividends
1 069
17 100
-
-
social contributions
868
2 360
-
-
withholding
161
2 565
-
-
health
439
1 194
-
-
total
1 468
6 119
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 846
7 019
6 814
6 440
After tax
10 154
10 981
11 186
11 560
Living cost
10 553
10 553
10 553
10 553
Free-cash
-399
428
633
1 007

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10870
-₴11144
-₴7465
-₴14596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
-
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
72
health
-
-
-
1 377
pensions
-
-
-
3 330
total
-
-
-
7 929
Employee
24 872
19 833
19 833
-
other
248
198
135
-
unemployment
746
595
406
-
pensions
2 547
2 031
1 387
-
income
2 831
1 463
1 786
-
health
962
768
524
-
total
7 334
5 055
4 238
-
Employer
24 872
19 833
19 833
-
chamber of commerce
99
79
79
-
health
940
750
512
-
pensions
3 121
2 490
1 700
-
accident
323
258
176
-
unemployment
746
595
406
-
surtax
98
98
98
-
payroll
746
595
595
-
other
1 181
942
889
-
total
7 254
5 807
4 455
-
Corporate
1 889
1 889
11 656
-
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.

472
472
2 915
-
total
472
472
2 915
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 060
11 334
11 608
7 929
After tax
2 940
6 666
6 392
10 071
Living cost
17 536
17 536
17 536
17 536
Free-cash
-14 596
-10 870
-11 144
-7 465

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴7935
-₴9783
-₴7139
-₴27962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
communal

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

-
-
-
1 014
social contributions
-
-
-
1 093
national
-
-
-
4 886
total
-
-
-
6 993
Employee

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

35 599
-
13 941
-
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.

310
-
121
-
communal

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

1 857
-
727
-
pensions

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

2 670
-
1 045
-
national
10 945
-
3 030
-
health

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

1 673
-
655
-
total
17 455
-
5 578
-
Employer

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

35 599
-
13 941
-
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.

2 189
-
858
-
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.

3 154
-
1 235
-
accident

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

463
-
181
-
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.

519
-
204
-
surtax
4 036
-
1 581
-
total
10 361
-
4 059
-
Corporate
-
18 000
-
-
income
-
3 600
-
-
surtax
-
72
-
-
total
-
3 672
-
-
Dividends
-
14 328
-
-
withholding

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

-
4 117
-
-
total
-
4 117
-
-
Income
18 000
18 000
18 000
18 000
Total tax
27 816
7 789
9 637
6 993
After tax
-9 816
10 211
8 363
11 007
Living cost
18 146
18 146
18 146
18 146
Free-cash
-27 962
-7 935
-9 783
-7 139

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5773
-₴8540
-₴7809
-₴14669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
162
income
-
-
-
2 436
other
-
-
-
18
unemployment
-
-
-
126
pensions
-
-
-
5 094
total
-
-
-
7 836
Employee
24 773
-
12 702
-
other
25
-
17
-
unemployment
384
-
258
-
pensions
1 164
-
781
-
income
5 227
-
2 213
-
total
6 800
-
3 269
-
Employer
24 773
-
12 702
-
pensions
5 846
-
3 922
-
accident
490
-
329
-
unemployment
1 363
-
914
-
other
197
-
133
-
total
7 896
-
5 298
-
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
-
3 100
-
-
total
-
3 100
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 696
5 800
8 567
7 836
After tax
3 304
12 200
9 433
10 164
Living cost
17 973
17 973
17 973
17 973
Free-cash
-14 669
-5 773
-8 540
-7 809

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
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.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15720
-₴15808
-₴15807
-₴24191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
communal
-
-
-
-
accident
-
-
-
213
income
-
-
-
127
surtax
-
-
-
856
health
-
-
-
1 776
pensions
-
-
-
3 789
total
-
-
-
6 761
Employee
37 688
-
15 170
-
pensions
3 015
-
1 895
-
surtax
2 310
-
856
-
income
3 640
-
127
-
health
1 677
-
1 054
-
total
10 642
-
3 932
-
Employer
37 688
-
15 170
-
health
1 149
-
722
-
pensions
3 015
-
1 895
-
accident
339
-
213
-
total
4 503
-
2 830
-
Corporate
-
18 000
-
-
communal
-
1 215
-
-
income
-
2 700
-
-
surtax
-
189
-
-
total
-
4 104
-
-
Dividends
-
13 896
-
-
income
-
486
-
-
withholding
-
2 084
-
-
total
-
2 570
-
-
Income
18 000
18 000
18 000
18 000
Total tax
15 145
6 674
6 762
6 761
After tax
2 855
11 326
11 238
11 239
Living cost
27 046
27 046
27 046
27 046
Free-cash
-24 191
-15 720
-15 808
-15 807

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴144
-₴1231
-₴808
-₴2288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 602
other
-
-
-
-
surtax
-
-
-
37
unemployment
-
-
-
113
health
-
-
-
1 278
pensions
-
-
-
3 600
total
-
-
-
7 630
Employee
16 760
-
14 870
-
other
-
-
-
-
unemployment
1 166
-
1 035
-
pensions
1 118
-
992
-
surtax
59
-
25
-
income
2 810
-
2 492
-
health
428
-
380
-
total
5 581
-
4 924
-
Employer
16 760
-
14 870
-
health
762
-
676
-
pensions
2 235
-
1 982
-
unemployment
532
-
471
-
other
-
-
-
-
total
3 529
-
3 129
-
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
9 110
6 678
8 053
7 630
After tax
8 890
11 322
9 947
10 370
Living cost
11 178
11 178
11 178
11 178
Free-cash
-2 288
144
-1 231
-808

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3944
-₴4557
-₴3489
-₴9607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
4 630
regional
-
-
-
271
municipal
-
-
-
107
national
-
-
-
3 075
total
-
-
-
8 083
Employee
27 607
-
18 000
-
municipal
146
-
95
-
national
4 374
-
2 744
-
regional
372
-
242
-
social contributions
9 309
-
6 070
-
total
14 201
-
9 151
-
Employer
27 607
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
municipal
-
894
-
-
nationa
-
4 320
-
-
total
-
5 214
-
-
Dividends
-
12 786
-
-
withholding
-
3 324
-
-
total
-
3 324
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 201
8 538
9 151
8 083
After tax
3 799
9 462
8 849
9 917
Living cost
13 406
13 406
13 406
13 406
Free-cash
-9 607
-3 944
-4 557
-3 489

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2646
-₴5904
-₴6272
-₴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
income
-
-
-
1 547
social contributions
-
-
-
5 256
solidarity contribution
-
-
-
-
health
-
-
-
2 430
total
-
-
-
9 233
Employee
22 117
-
13 433
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
873
-
income
2 654
-
1 612
-
health
2 986
-
1 813
-
total
7 078
-
4 298
-
Employer
22 117
-
13 433
-
health
1 990
-
1 209
-
social contributions
5 529
-
3 358
-
total
7 519
-
4 567
-
Corporate
-
18 000
-
-
income
-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
2 187
-
-
total
-
2 187
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 597
5 607
8 865
9 233
After tax
3 403
12 393
9 135
8 767
Living cost
15 039
15 039
15 039
15 039
Free-cash
-11 636
-2 646
-5 904
-6 272

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9114
-₴9435
-₴5709
-₴10488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
72
health
-
-
-
1 377
pensions
-
-
-
3 330
total
-
-
-
7 831
Employee
21 755
19 833
19 833
-
other
217
198
136
-
unemployment
653
595
409
-
pensions
2 228
2 031
1 395
-
income
1 938
1 463
1 781
-
health
841
768
527
-
total
5 877
5 055
4 248
-
Employer
21 755
19 833
19 833
-
chamber of commerce
87
79
79
-
health
823
750
515
-
pensions
2 730
2 490
1 709
-
accident
282
258
178
-
unemployment
653
595
409
-
surtax
-
-
-
-
payroll
653
595
595
-
other
1 033
942
890
-
total
6 261
5 709
4 375
-
Corporate
1 889
1 889
11 737
-
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.

472
472
2 934
-
total
472
472
2 934
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 610
11 236
11 557
7 831
After tax
5 390
6 764
6 443
10 169
Living cost
15 878
15 878
15 878
15 878
Free-cash
-10 488
-9 114
-9 435
-5 709

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴10851
₴8151
₴11571
₴9680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
18 000
microenterprise

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

-
-
-
180
total
-
-
-
180
Employee
7 811
-
18 000
-
income
1 562
-
3 600
-
total
1 562
-
3 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

10 189
18 000
-
-
total
-
-
-
-
Dividends
10 189
18 000
-
-
withholding
509
900
-
-
total
509
900
-
-
Income
18 000
18 000
18 000
18 000
Total tax
2 071
900
3 600
180
After tax
15 929
17 100
14 400
17 820
Living cost
6 249
6 249
6 249
6 249
Free-cash
9 680
10 851
8 151
11 571

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
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.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴956
-₴3658
-₴3089
-₴7433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
18 000
income
-
-
-
2 653
unemployment
-
-
-
27
health
-
-
-
1 772
pensions
-
-
-
3 288
total
-
-
-
7 740
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.

22 007
-
15 575
-
unemployment
31
-
22
-
pensions
3 411
-
2 414
-
income
3 795
-
2 443
-
health
1 421
-
1 006
-
total
8 658
-
5 885
-
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.

22 007
-
15 575
-
health
1 466
-
1 037
-
pensions
1 947
-
1 378
-
unemployment
13
-
9
-
total
3 426
-
2 424
-
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
12 084
5 607
8 309
7 740
After tax
5 916
12 393
9 691
10 260
Living cost
13 349
13 349
13 349
13 349
Free-cash
-7 433
-956
-3 658
-3 089

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
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.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10307
-₴9937
-₴8819
-₴55460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
3 509
social contributions
-
-
-
2 052
total
-
-
-
5 561
Employee
30 481
-
1 256
-
social contributions
2 499
-
356
-
income
6 724
-
198
-
total
9 223
-
554
-
Employer
30 481
-
1 256
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
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
52 202
7 049
6 679
5 561
After tax
-34 202
10 951
11 321
12 439
Living cost
21 258
21 258
21 258
21 258
Free-cash
-55 460
-10 307
-9 937
-8 819

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
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.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5372
-₴5229
-₴4962
-₴10325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
18 000
income
-
-
-
1 097
surtax
-
-
-
-
social contributions

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

-
-
-
6 255
total
-
-
-
7 352
Employee
22 889
-
14 545
-
surtax
-
-
-
-
social contributions
2 518
-
1 600
-
income
4 761
-
2 564
-
total
7 279
-
4 164
-
Employer
22 889
-
14 545
-
social contributions
5 436
-
3 455
-
total
5 436
-
3 455
-
Corporate
-
18 000
-
-
income
-
3 780
-
-
surtax
-
-
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 982
-
-
total
-
3 982
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 715
7 762
7 619
7 352
After tax
5 285
10 238
10 381
10 648
Living cost
15 610
15 610
15 610
15 610
Free-cash
-10 325
-5 372
-5 229
-4 962

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14964
-₴12602
-₴13013
-₴22907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
278
other
-
-
-
558
surtax
-
-
-
-
social contributions
-
-
-
513
health
-
-
-
157
pensions
-
-
-
5 470
total
-
-
-
6 976
Employee
31 170
-
13 716
-
pensions
3 526
-
1 551
-
surtax
-
-
-
-
social contributions
888
-
390
-
income
2 720
-
341
-
total
7 134
-
2 282
-
Employer
31 170
-
13 716
-
health
2 182
-
960
-
pensions
5 122
-
2 253
-
unemployment
1 263
-
555
-
social contributions
93
-
42
-
other
1 076
-
473
-
total
9 736
-
4 283
-
Corporate
-
18 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
12 960
-
-
surtax
-
-
-
-
social contributions
-
2 229
-
-
withholding
-
1 658
-
-
total
-
3 887
-
-
Income
18 000
18 000
18 000
18 000
Total tax
16 870
8 927
6 565
6 976
After tax
1 130
9 073
11 435
11 024
Living cost
24 037
24 037
24 037
24 037
Free-cash
-22 907
-14 964
-12 602
-13 013

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1240
-₴389
-₴920
-₴480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
-
social contributions
-
-
-
3 960
total
-
-
-
3 960
Employee
16 000
-
15 584
-
income
-
-
-
-
social contributions
1 040
-
1 013
-
total
1 040
-
1 013
-
Employer
16 000
-
15 584
-
social contributions
2 480
-
2 416
-
total
2 480
-
2 416
-
Corporate
-
18 000
-
-
income
-
1 800
-
-
total
-
1 800
-
-
Dividends
-
16 200
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
3 520
1 800
3 429
3 960
After tax
14 480
16 200
14 571
14 040
Living cost
14 960
14 960
14 960
14 960
Free-cash
-480
1 240
-389
-920

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴90427
-₴90427
-₴11601
-₴90427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 405
municipal
-
-
-
2 373
national
-
-
-
1 425
pensions
-
-
-
431
total
-
-
-
5 634
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
84 460
84 460
84 460
5 634
After tax
-66 460
-66 460
-66 460
12 366
Living cost
23 967
23 967
23 967
23 967
Free-cash
-90 427
-90 427
-90 427
-11 601

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9489
-₴1441
₴965
-₴2730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
128
income
-
-
-
2 571
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
6 088
Employee
17 220
-
14 953
-
pensions
1 939
-
1 684
-
income
2 362
-
2 051
-
health
1 972
-
1 712
-
total
6 273
-
5 447
-
Employer
17 220
-
14 953
-
pensions
2 800
-
2 431
-
accident
288
-
250
-
unemployment
422
-
366
-
total
3 510
-
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
9 783
16 542
8 494
6 088
After tax
8 217
1 458
9 506
11 912
Living cost
10 947
10 947
10 947
10 947
Free-cash
-2 730
-9 489
-1 441
965

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6651
-₴7734
-₴4482
-₴13124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
municipal
-
-
-
3 227
national
-
-
-
78
total
-
-
-
3 375
Employee
26 184
-
15 143
-
municipal
4 289
-
2 496
-
unemployment
393
-
228
-
pensions
1 767
-
1 022
-
national
433
-
-
-
health
195
-
25
-
total
7 077
-
3 771
-
Employer
26 184
-
15 143
-
health
201
-
116
-
pensions
4 543
-
2 627
-
accident
26
-
15
-
unemployment
170
-
98
-
total
4 940
-
2 856
-
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
12 017
5 544
6 627
3 375
After tax
5 983
12 456
11 373
14 625
Living cost
19 107
19 107
19 107
19 107
Free-cash
-13 124
-6 651
-7 734
-4 482

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
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.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4777
-₴1015
₴3043
-₴1203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 919
income
-
-
-
-
social contributions
-
-
-
2 951
health
-
-
-
483
total
-
-
-
3 434
Employee
38 269
38 269
38 269
-
social contributions
1 447
3 176
1 356
-
income
4 167
3 543
4 200
-
health
297
651
278
-
total
5 911
7 370
5 834
-
Employer
38 269
38 269
38 269
-
health
322
708
302
-
social contributions
1 447
3 176
1 356
-
total
1 769
3 884
1 658
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 680
11 254
7 492
3 434
After tax
10 320
6 746
10 508
14 566
Living cost
11 523
11 523
11 523
11 523
Free-cash
-1 203
-4 777
-1 015
3 043

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7004
₴3314
₴3861
₴4472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
18 000
income
-
-
-
1 256
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
6 237
Employee

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

11 423
-
16 320
-
unemployment
57
-
81
-
pensions
1 713
-
2 448
-
income
781
-
1 188
-
health
971
-
1 387
-
total
3 522
-
5 104
-
Employer

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

11 423
-
16 320
-
health
491
-
702
-
pensions
628
-
897
-
unemployment
57
-
81
-
total
1 176
-
1 680
-
Corporate
5 401
18 000
-
-
income
486
1 620
-
-
total
486
1 620
-
-
Dividends
4 914
16 380
-
-
withholding
442
1 474
-
-
total
442
1 474
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 626
3 094
6 784
6 237
After tax
12 374
14 906
11 216
11 763
Living cost
7 902
7 902
7 902
7 902
Free-cash
4 472
7 004
3 314
3 861

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
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.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1485
-₴4252
-₴3521
-₴6267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
162
income
-
-
-
2 436
other
-
-
-
18
unemployment
-
-
-
126
pensions
-
-
-
5 094
total
-
-
-
7 836
Employee
18 402
-
12 702
-
other
18
-
17
-
unemployment
285
-
258
-
pensions
865
-
781
-
income
3 548
-
2 213
-
total
4 716
-
3 269
-
Employer
18 402
-
12 702
-
pensions
4 342
-
3 922
-
accident
365
-
329
-
unemployment
1 012
-
914
-
other
147
-
133
-
total
5 866
-
5 298
-
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
-
3 100
-
-
total
-
3 100
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 582
5 800
8 567
7 836
After tax
7 418
12 200
9 433
10 164
Living cost
13 685
13 685
13 685
13 685
Free-cash
-6 267
-1 485
-4 252
-3 521

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10224
₴10028
₴10100
₴10058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
5 624
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
6 892
Employee
1 535
-
17 173
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
5 585
-
health
77
-
184
-
total
527
-
6 137
-
Employer
1 535
-
17 173
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
16 119
18 000
-
-
income
3 546
3 960
-
-
total
3 546
3 960
-
-
Dividends
12 573
14 040
-
-
withholding
2 515
2 808
-
-
total
2 515
2 808
-
-
Income
18 000
18 000
18 000
18 000
Total tax
6 934
6 768
6 964
6 892
After tax
11 066
11 232
11 036
11 108
Living cost
1 008
1 008
1 008
1 008
Free-cash
10 058
10 224
10 028
10 100

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4415
₴1389
₴615
₴1970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
18 000
income
-
-
-
1 991
unemployment
-
-
-
270
health
-
-
-
1 854
pensions
-
-
-
4 680
total
-
-
-
8 795
Employee

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

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

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

12 954
-
15 267
-
unemployment
97
-
115
-
pensions
1 814
-
2 137
-
income
1 786
-
2 249
-
health
667
-
786
-
total
4 364
-
5 287
-
Employer

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

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

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

12 954
-
15 267
-
health
667
-
786
-
pensions
1 554
-
1 832
-
unemployment
97
-
115
-
total
2 318
-
2 733
-
Corporate
2 727
18 000
-
-
income
409
2 700
-
-
total
409
2 700
-
-
Dividends
2 318
15 300
-
-
withholding
348
2 295
-
-
total
348
2 295
-
-
Income
18 000
18 000
18 000
18 000
Total tax
7 439
4 995
8 020
8 795
After tax
10 561
13 005
9 980
9 205
Living cost
8 590
8 590
8 590
8 590
Free-cash
1 970
4 415
1 389
615

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
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.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3179
-₴3036
-₴2769
-₴5903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
18 000
income
-
-
-
1 097
surtax
-
-
-
-
social contributions

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

-
-
-
6 255
total
-
-
-
7 352
Employee
19 316
-
14 545
-
surtax
-
-
-
-
social contributions
2 125
-
1 600
-
income
3 774
-
2 564
-
total
5 899
-
4 164
-
Employer
19 316
-
14 545
-
social contributions
4 587
-
3 455
-
total
4 587
-
3 455
-
Corporate
-
18 000
-
-
income
-
3 780
-
-
surtax
-
-
-
-
total
-
3 780
-
-
Dividends
-
14 220
-
-
withholding
-
3 982
-
-
total
-
3 982
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 486
7 762
7 619
7 352
After tax
7 514
10 238
10 381
10 648
Living cost
13 417
13 417
13 417
13 417
Free-cash
-5 903
-3 179
-3 036
-2 769

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5290
-₴8057
-₴7326
-₴13699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
162
income
-
-
-
2 436
other
-
-
-
18
unemployment
-
-
-
126
pensions
-
-
-
5 094
total
-
-
-
7 836
Employee
24 035
-
12 702
-
other
24
-
17
-
unemployment
372
-
258
-
pensions
1 130
-
781
-
income
5 020
-
2 213
-
total
6 546
-
3 269
-
Employer
24 035
-
12 702
-
pensions
5 672
-
3 922
-
accident
476
-
329
-
unemployment
1 322
-
914
-
other
193
-
133
-
total
7 663
-
5 298
-
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
-
3 100
-
-
total
-
3 100
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 209
5 800
8 567
7 836
After tax
3 791
12 200
9 433
10 164
Living cost
17 490
17 490
17 490
17 490
Free-cash
-13 699
-5 290
-8 057
-7 326

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6831
₴2805
₴2100
₴3798
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
income
-
-
-
2 700
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
7 341
Employee
11 334
-
15 047
-
accident

We are using the highest rate at 1.1%.

125
-
166
-
pensions

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

995
-
1 321
-
income
1 134
-
1 505
-
health
521
-
692
-
total
2 775
-
3 684
-
Employer
11 334
-
15 047
-
health
782
-
1 038
-
pensions

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

1 249
-
1 658
-
accident

We are using the highest rate at 1.1%.

125
-
166
-
unemployment
68
-
90
-
total
2 224
-
2 952
-
Corporate
4 443
18 000
-
-
income
444
1 800
-
-
total
444
1 800
-
-
Dividends
3 999
16 200
-
-
withholding
200
810
-
-
total
200
810
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 643
2 610
6 636
7 341
After tax
12 357
15 390
11 364
10 659
Living cost
8 559
8 559
8 559
8 559
Free-cash
3 798
6 831
2 805
2 100

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9836
-₴4905
-₴4905
-₴6762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
18 000
income

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

-
-
-
276
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.

-
-
-
15
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.

-
-
-
3 400
trade
-
-
-
-
total
-
-
-
3 691
Employee

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

24 762
-
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.

112
-
15
-
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.

2 036
-
276
-
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.

3 400
-
3 400
-
total
5 548
-
3 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 700
-
-
surtax

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

-
148
-
-
chamber of commerce
-
102
-
-
trade
-
2 583
-
-
total
-
5 533
-
-
Dividends
-
12 467
-
-
surtax

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

-
161
-
-
withholding
-
2 928
-
-
total
-
3 089
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 548
8 622
3 691
3 691
After tax
12 452
9 378
14 309
14 309
Living cost
19 214
19 214
19 214
19 214
Free-cash
-6 762
-9 836
-4 905
-4 905

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15750
-₴13066
-₴13066
-₴20930
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 042
social contributions
-
-
-
674
total
-
-
-
2 716
Employee
38 929
-
18 000
-
income
7 346
-
2 042
-
social contributions
3 234
-
674
-
total
10 580
-
2 716
-
Employer
38 929
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
income
-
2 250
-
-
total
-
2 250
-
-
Dividends
-
15 750
-
-
withholding
-
3 150
-
-
total
-
3 150
-
-
Income
18 000
18 000
18 000
18 000
Total tax
10 580
5 400
2 716
2 716
After tax
7 420
12 600
15 284
15 284
Living cost
28 350
28 350
28 350
28 350
Free-cash
-20 930
-15 750
-13 066
-13 066

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴8121
-₴4366
-₴17249
-₴8603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
18 000
income
-
-
-
14 166
health

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

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
16 361
-
income
2 477
-
1 022
-
social contributions
2 287
-
1 639
-
total
4 764
-
2 661
-
Employer
22 830
-
16 361
-
social contributions
2 287
-
1 639
-
total
2 287
-
1 639
-
Corporate
-
18 000
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
11 700
-
-
social contributions
1 486
1 755
-
-
total
1 486
1 755
-
-
Income
18 000
18 000
18 000
18 000
Total tax
8 537
8 055
4 300
17 183
After tax
9 463
9 945
13 700
817
Living cost
18 066
18 066
18 066
18 066
Free-cash
-8 603
-8 121
-4 366
-17 249

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4980
-₴6175
-₴4697
-₴10391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 442
pensions
-
-
-
789
total
-
-
-
4 231
Employee
25 347
-
16 368
-
pensions
1 935
-
857
-
income
4 616
-
3 072
-
health
331
-
147
-
total
6 882
-
4 076
-
Employer
25 347
-
16 368
-
health
482
-
311
-
pensions
2 561
-
1 322
-
total
3 043
-
1 633
-
Corporate
-
18 000
-
-
income

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

-
3 420
-
-
total
-
3 420
-
-
Dividends
-
14 580
-
-
withholding
-
1 094
-
-
total
-
1 094
-
-
Income
18 000
18 000
18 000
18 000
Total tax
9 925
4 514
5 709
4 231
After tax
8 075
13 486
12 291
13 769
Living cost
18 466
18 466
18 466
18 466
Free-cash
-10 391
-4 980
-6 175
-4 697

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10573
-₴2525
-₴119
-₴4782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
accident
-
-
-
128
income
-
-
-
2 571
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
6 088
Employee
18 925
-
14 953
-
pensions
2 131
-
1 684
-
income
2 596
-
2 051
-
health
2 167
-
1 712
-
total
6 894
-
5 447
-
Employer
18 925
-
14 953
-
pensions
3 077
-
2 431
-
accident
316
-
250
-
unemployment
464
-
366
-
total
3 857
-
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
10 751
16 542
8 494
6 088
After tax
7 249
1 458
9 506
11 912
Living cost
12 031
12 031
12 031
12 031
Free-cash
-4 782
-10 573
-2 525
-119

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8576
₴4412
₴4412
₴6156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
18 000
income
-
-
-
1 914
unemployment
-
-
-
216
work injury
-
-
-
90
health insurance
-
-
-
1 332
pensions
-
-
-
3 312
total
-
-
-
6 864
Employee

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

10 758
-
18 000
-
health insurance
796
-
1 332
-
unemployment
129
-
216
-
work injury
54
-
90
-
pensions
1 979
-
3 312
-
income
1 076
-
1 914
-
total
4 034
-
6 864
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 242
18 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
7 242
18 000
-
-
withholding
1 086
2 700
-
-
total
1 086
2 700
-
-
Income
18 000
18 000
18 000
18 000
Total tax
5 120
2 700
6 864
6 864
After tax
12 880
15 300
11 136
11 136
Living cost
6 724
6 724
6 724
6 724
Free-cash
6 156
8 576
4 412
4 412

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
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.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10345
-₴10955
-₴9882
-₴23937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 000
social contributions
-
-
-
4 630
regional
-
-
-
231
municipal
-
-
-
120
national
-
-
-
3 075
total
-
-
-
8 056
Employee
41 937
-
18 000
-
municipal
250
-
108
-
national
7 087
-
2 744
-
regional
633
-
207
-
social contributions
14 141
-
6 070
-
total
22 111
-
9 129
-
Employer
41 937
-
18 000
-
total
-
-
-
-
Corporate
-
18 000
-
-
municipal
-
868
-
-
nationa
-
4 320
-
-
total
-
5 188
-
-
Dividends
-
12 812
-
-
withholding
-
3 331
-
-
total
-
3 331
-
-
Income
18 000
18 000
18 000
18 000
Total tax
22 111
8 519
9 129
8 056
After tax
-4 111
9 481
8 871
9 944
Living cost
19 826
19 826
19 826
19 826
Free-cash
-23 937
-10 345
-10 955
-9 882

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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