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
₴ 19000
per

Your estimated
City
free-cash

Dresden , Germany
-₴5466
-₴109
-₴109
-₴146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
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.

-
-
-
499
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.

-
-
-
28
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
3 947
Employee

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

19 145
-
19 000
-
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
-
28
-
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.

535
-
499
-
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.

3 420
-
3 420
-
total
3 984
-
3 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
19 000
-
-
income
-
2 850
-
-
surtax

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

-
157
-
-
chamber of commerce
-
104
-
-
trade
-
2 992
-
-
total
-
6 103
-
-
Dividends
-
12 898
-
-
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.

-
167
-
-
withholding
-
3 034
-
-
total
-
3 201
-
-
Income
19 000
19 000
19 000
19 000
Total tax
3 984
9 304
3 947
3 947
After tax
15 016
9 696
15 053
15 053
Living cost
15 162
15 162
15 162
15 162
Free-cash
-146
-5 466
-109
-109

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
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.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14775
-₴13945
-₴14094
-₴26030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
social contributions
-
-
-
204
municipal
-
-
-
1 561
national
-
-
-
2 418
pensions
-
-
-
2 280
total
-
-
-
6 463
Employee
41 284
-
16 425
-
municipal
5 099
-
1 634
-
pensions
1 651
-
657
-
national
7 902
-
2 532
-
total
14 652
-
4 823
-
Employer
41 284
-
16 425
-
pensions
3 303
-
1 314
-
social contributions
444
-
177
-
total
3 747
-
1 491
-
Corporate
-
19 000
-
-
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%.

-
3 800
-
-
total
-
3 800
-
-
Dividends
-
15 200
-
-
withholding
-
3 344
-
-
total
-
3 344
-
-
Income
19 000
19 000
19 000
19 000
Total tax
18 399
7 144
6 314
6 463
After tax
601
11 856
12 686
12 537
Living cost
26 631
26 631
26 631
26 631
Free-cash
-26 030
-14 775
-13 945
-14 094

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4786
₴489
₴4160
₴680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
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.

-
-
-
1 576
microenterprise
-
-
-
2 850
total
-
-
-
4 426
Employee
14 627
-
15 312
-
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.

1 609
-
1 684
-
income
2 604
-
2 725
-
total
4 213
-
4 409
-
Employer
14 627
-
15 312
-
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.

3 523
-
3 688
-
surtax
-
-
-
-
total
3 523
-
3 688
-
Corporate
850
19 000
-
-
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%.

170
3 800
-
-
total
170
3 800
-
-
Dividends

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

680
15 200
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
7 906
3 800
8 097
4 426
After tax
11 094
15 200
10 903
14 574
Living cost
10 414
10 414
10 414
10 414
Free-cash
680
4 786
489
4 160

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27897
-₴30706
-₴10015
-₴30706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
1 710
health
-
-
-
2 916
pensions
-
-
-
3 420
total
-
-
-
8 046
Employee
42 746
42 746
42 746
-
pensions
7 694
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
6 561
-
total
21 252
18 443
21 252
-
Employer
42 746
42 746
42 746
-
health
2 971
2 971
2 971
-
pensions
2 975
2 975
2 975
-
unemployment
1 539
1 539
1 539
-
total
7 485
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
28 737
25 928
28 737
8 046
After tax
-9 737
-6 928
-9 737
10 954
Living cost
20 969
20 969
20 969
20 969
Free-cash
-30 706
-27 897
-30 706
-10 015

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9759
-₴9987
-₴10662
-₴18701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
accident
-
-
-
38
other
-
-
-
2 208
unemployment
-
-
-
19
health
-
-
-
1 186
municipal
-
-
-
4 024
national
-
-
-
-
pensions
-
-
-
2 054
total
-
-
-
9 529
Employee
28 688
-
14 457
-
municipal
8 555
-
4 311
-
national
-
-
-
-
total
8 555
-
4 311
-
Employer
28 688
-
14 457
-
health
1 764
-
889
-
pensions
3 101
-
1 563
-
accident
57
-
29
-
unemployment
757
-
382
-
other
3 334
-
1 680
-
total
9 013
-
4 543
-
Corporate
-
19 000
-
-
income
-
4 180
-
-
total
-
4 180
-
-
Dividends
-
14 820
-
-
withholding
-
4 446
-
-
total
-
4 446
-
-
Income
19 000
19 000
19 000
19 000
Total tax
17 568
8 626
8 854
9 529
After tax
1 432
10 374
10 146
9 471
Living cost
20 133
20 133
20 133
20 133
Free-cash
-18 701
-9 759
-9 987
-10 662

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10065
-₴4611
-₴4611
-₴6385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
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.

-
-
-
499
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.

-
-
-
28
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
3 947
Employee

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

25 384
-
19 000
-
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.

120
-
28
-
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.

2 181
-
499
-
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.

3 420
-
3 420
-
total
5 721
-
3 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
19 000
-
-
income
-
2 850
-
-
surtax

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

-
157
-
-
chamber of commerce
-
103
-
-
trade
-
3 125
-
-
total
-
6 235
-
-
Dividends
-
12 766
-
-
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.

-
165
-
-
withholding
-
3 001
-
-
total
-
3 166
-
-
Income
19 000
19 000
19 000
19 000
Total tax
5 721
9 401
3 947
3 947
After tax
13 279
9 599
15 053
15 053
Living cost
19 664
19 664
19 664
19 664
Free-cash
-6 385
-10 065
-4 611
-4 611

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8555
-₴4913
-₴689
-₴5818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 029
income
-
-
-
-
social contributions
-
-
-
2 968
health
-
-
-
485
total
-
-
-
3 453
Employee
38 491
38 491
38 491
-
social contributions
1 870
3 195
1 432
-
income
4 042
3 563
4 200
-
health
383
654
294
-
total
6 295
7 412
5 926
-
Employer
38 491
38 491
38 491
-
health
417
712
319
-
social contributions
1 870
3 195
1 432
-
total
2 287
3 907
1 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
8 582
11 319
7 677
3 453
After tax
10 418
7 681
11 323
15 547
Living cost
16 236
16 236
16 236
16 236
Free-cash
-5 818
-8 555
-4 913
-689

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1846
₴2045
₴4192
₴2033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 323
unemployment
-
-
-
285
health
-
-
-
1 330
pensions
-
-
-
1 900
total
-
-
-
5 838
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.

12 948
5 153
15 900
-
unemployment
194
77
238
-
pensions
1 295
515
1 590
-
income
1 583
630
1 944
-
health
906
361
1 113
-
total
3 978
1 583
4 885
-
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.

12 948
5 153
15 900
-
pensions
2 525
1 005
3 100
-
total
2 525
1 005
3 100
-
Corporate
3 527
12 842
-
-
income
317
1 156
-
-
total
317
1 156
-
-
Dividends
3 210
11 686
-
-
social contributions
567
2 220
-
-
withholding
610
2 220
-
-
total
1 177
4 440
-
-
Income
19 000
19 000
19 000
19 000
Total tax
7 997
8 184
7 985
5 838
After tax
11 003
10 816
11 015
13 162
Living cost
8 970
8 970
8 970
8 970
Free-cash
2 033
1 846
2 045
4 192

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3110
₴0
-₴766
₴0
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
1 406
health
-
-
-
2 470
pensions
-
-
-
3 800
total
-
-
-
7 676
Employee
14 200
-
14 200
-
unemployment
227
-
227
-
pensions
284
-
284
-
income
1 599
-
1 599
-
total
2 110
-
2 110
-
Employer
14 200
-
14 200
-
health
1 846
-
1 846
-
pensions
2 840
-
2 840
-
unemployment
114
-
114
-
total
4 800
-
4 800
-
Corporate
-
19 000
-
-
income
-
3 800
-
-
total
-
3 800
-
-
Dividends
-
15 200
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
6 910
3 800
6 910
7 676
After tax
12 090
15 200
12 090
11 324
Living cost
12 090
12 090
12 090
12 090
Free-cash
-
3 110
-
-766

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9620
-₴1125
₴1563
-₴2131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
accident
-
-
-
128
income
-
-
-
2 745
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
6 278
Employee
17 554
-
15 783
-
pensions
1 977
-
1 777
-
income
2 408
-
2 165
-
health
2 010
-
1 807
-
total
6 395
-
5 749
-
Employer
17 554
-
15 783
-
pensions
2 854
-
2 566
-
accident
293
-
264
-
unemployment
430
-
387
-
total
3 577
-
3 217
-
Corporate
-
19 000
-
-
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.

-
17 100
-
-
total
-
17 100
-
-
Dividends
-
1 900
-
-
withholding
-
361
-
-
total
-
361
-
-
Income
19 000
19 000
19 000
19 000
Total tax
9 972
17 461
8 966
6 278
After tax
9 028
1 539
10 034
12 722
Living cost
11 159
11 159
11 159
11 159
Free-cash
-2 131
-9 620
-1 125
1 563

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14024
₴11174
₴14784
₴13270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
19 000
microenterprise

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

-
-
-
190
total
-
-
-
190
Employee
5 032
-
19 000
-
income
1 006
-
3 800
-
total
1 006
-
3 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

13 968
19 000
-
-
total
-
-
-
-
Dividends
13 968
19 000
-
-
withholding
698
950
-
-
total
698
950
-
-
Income
19 000
19 000
19 000
19 000
Total tax
1 704
950
3 800
190
After tax
17 296
18 050
15 200
18 810
Living cost
4 026
4 026
4 026
4 026
Free-cash
13 270
14 024
11 174
14 784

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴621
-₴2202
-₴3050
-₴3755
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 414
other
-
-
-
902
health
-
-
-
836
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.

-
-
-
4 560
total
-
-
-
8 712
Employee
18 175
-
15 175
-
unemployment
181
-
152
-
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.

1 272
-
1 062
-
income
3 129
-
2 612
-
health
255
-
213
-
total
4 837
-
4 039
-
Employer
18 175
-
15 175
-
health
255
-
213
-
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.

3 090
-
2 579
-
accident
145
-
122
-
unemployment
181
-
152
-
other
909
-
759
-
total
4 580
-
3 825
-
Corporate
-
19 000
-
-
income
-
3 990
-
-
total
-
3 990
-
-
Dividends
-
15 010
-
-
withholding
-
1 051
-
-
total
-
1 051
-
-
Income
19 000
19 000
19 000
19 000
Total tax
9 417
5 041
7 864
8 712
After tax
9 583
13 959
11 136
10 288
Living cost
13 338
13 338
13 338
13 338
Free-cash
-3 755
621
-2 202
-3 050

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19351
-₴20684
-₴19083
-₴35032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
3 625
pensions
-
-
-
872
total
-
-
-
4 497
Employee
47 520
-
17 240
-
pensions
4 584
-
951
-
income
8 566
-
3 225
-
health
783
-
163
-
total
13 933
-
4 339
-
Employer
47 520
-
17 240
-
health
902
-
327
-
pensions
5 611
-
1 432
-
total
6 513
-
1 759
-
Corporate
-
19 000
-
-
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.

-
3 610
-
-
total
-
3 610
-
-
Dividends
-
15 390
-
-
withholding
-
1 155
-
-
total
-
1 155
-
-
Income
19 000
19 000
19 000
19 000
Total tax
20 446
4 765
6 098
4 497
After tax
-1 446
14 235
12 902
14 503
Living cost
33 586
33 586
33 586
33 586
Free-cash
-35 032
-19 351
-20 684
-19 083

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴9682
₴5434
₴4918
₴7355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 850
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
7 519
Employee
8 690
-
15 883
-
accident

We are using the highest rate at 1.1%.

96
-
175
-
pensions

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

763
-
1 394
-
income
869
-
1 588
-
health
400
-
730
-
total
2 128
-
3 887
-
Employer
8 690
-
15 883
-
health
600
-
1 096
-
pensions

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

958
-
1 750
-
accident

We are using the highest rate at 1.1%.

96
-
175
-
unemployment
52
-
95
-
total
1 706
-
3 116
-
Corporate
8 604
19 000
-
-
income
861
1 900
-
-
total
861
1 900
-
-
Dividends
7 744
17 100
-
-
withholding
387
855
-
-
total
387
855
-
-
Income
19 000
19 000
19 000
19 000
Total tax
5 082
2 755
7 003
7 519
After tax
13 918
16 245
11 997
11 481
Living cost
6 563
6 563
6 563
6 563
Free-cash
7 355
9 682
5 434
4 918

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴34685
-₴37494
-₴16803
-₴35535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
1 710
health
-
-
-
2 916
pensions
-
-
-
3 420
total
-
-
-
8 046
Employee
46 408
42 746
42 746
-
pensions
5 865
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
6 561
-
total
18 652
18 443
21 252
-
Employer
46 408
42 746
42 746
-
health
3 225
2 971
2 971
-
pensions
3 230
2 975
2 975
-
unemployment
1 671
1 539
1 539
-
total
8 126
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
26 778
25 928
28 737
8 046
After tax
-7 778
-6 928
-9 737
10 954
Living cost
27 757
27 757
27 757
27 757
Free-cash
-35 535
-34 685
-37 494
-16 803

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴825
-₴2616
-₴3003
-₴5153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
1 633
social contributions
-
-
-
5 548
solidarity contribution
-
-
-
-
health
-
-
-
2 565
total
-
-
-
9 746
Employee
18 025
-
14 179
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
922
-
income
2 163
-
1 702
-
health
2 433
-
1 914
-
total
5 768
-
4 538
-
Employer
18 025
-
14 179
-
health
1 622
-
1 276
-
social contributions
4 506
-
3 545
-
total
6 128
-
4 821
-
Corporate
-
19 000
-
-
income
-
3 610
-
-
total
-
3 610
-
-
Dividends
-
15 390
-
-
withholding
-
2 308
-
-
total
-
2 308
-
-
Income
19 000
19 000
19 000
19 000
Total tax
11 896
5 918
9 359
9 746
After tax
7 104
13 082
9 641
9 254
Living cost
12 257
12 257
12 257
12 257
Free-cash
-5 153
825
-2 616
-3 003

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10985
-₴11681
-₴10541
-₴25488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
social contributions
-
-
-
4 886
regional
-
-
-
174
municipal
-
-
-
113
national
-
-
-
3 246
total
-
-
-
8 419
Employee
44 487
-
19 000
-
municipal
236
-
101
-
national
7 709
-
2 896
-
regional
420
-
155
-
social contributions
15 001
-
6 407
-
total
23 366
-
9 559
-
Employer
44 487
-
19 000
-
total
-
-
-
-
Corporate
-
19 000
-
-
municipal
-
741
-
-
nationa
-
4 560
-
-
total
-
5 301
-
-
Dividends
-
13 700
-
-
withholding
-
3 562
-
-
total
-
3 562
-
-
Income
19 000
19 000
19 000
19 000
Total tax
23 366
8 863
9 559
8 419
After tax
-4 366
10 137
9 441
10 581
Living cost
21 122
21 122
21 122
21 122
Free-cash
-25 488
-10 985
-11 681
-10 541

Estimated living cost  is ₴21122 per week

₴14724
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.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴905
-₴559
-₴107
-₴1038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 747
other
-
-
-
-
surtax
-
-
-
51
unemployment
-
-
-
114
health
-
-
-
1 349
pensions
-
-
-
3 800
total
-
-
-
8 061
Employee
16 553
-
15 695
-
other
-
-
-
-
unemployment
1 152
-
1 092
-
pensions
1 104
-
1 047
-
surtax
54
-
39
-
income
2 775
-
2 631
-
health
423
-
400
-
total
5 508
-
5 209
-
Employer
16 553
-
15 695
-
health
753
-
713
-
pensions
2 207
-
2 093
-
unemployment
524
-
498
-
other
-
-
-
-
total
3 484
-
3 304
-
Corporate
-
19 000
-
-
income
-
4 940
-
-
total
-
4 940
-
-
Dividends
-
14 060
-
-
withholding
-
2 109
-
-
total
-
2 109
-
-
Income
19 000
19 000
19 000
19 000
Total tax
8 992
7 049
8 513
8 061
After tax
10 008
11 951
10 487
10 939
Living cost
11 046
11 046
11 046
11 046
Free-cash
-1 038
905
-559
-107

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
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.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8710
-₴10043
-₴8442
-₴16898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
3 625
pensions
-
-
-
872
total
-
-
-
4 497
Employee
31 846
-
17 240
-
pensions
2 703
-
951
-
income
5 736
-
3 225
-
health
462
-
163
-
total
8 901
-
4 339
-
Employer
31 846
-
17 240
-
health
605
-
327
-
pensions
3 447
-
1 432
-
total
4 052
-
1 759
-
Corporate
-
19 000
-
-
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.

-
3 610
-
-
total
-
3 610
-
-
Dividends
-
15 390
-
-
withholding
-
1 155
-
-
total
-
1 155
-
-
Income
19 000
19 000
19 000
19 000
Total tax
12 953
4 765
6 098
4 497
After tax
6 047
14 235
12 902
14 503
Living cost
22 945
22 945
22 945
22 945
Free-cash
-16 898
-8 710
-10 043
-8 442

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
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.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴30914
-₴24780
-₴23326
-₴31761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
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.

-
-
-
380
regional
-
-
-
253
health
-
-
-
129
city
-
-
-
199
national
-
-
-
15
pensions
-
-
-
1 748
total
-
-
-
2 724
Employee
46 345
-
16 745
-
unemployment
-
-
-
-
pensions
3 894
-
1 699
-
national
219
-
1
-
regional
1 518
-
192
-
city
497
-
176
-
health
105
-
38
-
total
6 233
-
2 106
-
Employer
46 345
-
16 745
-
health
105
-
38
-
pensions
3 894
-
1 699
-
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.

927
-
335
-
total
4 926
-
2 072
-
Corporate
-
19 000
-
-
regional
-
4 019
-
-
national
-
1 615
-
-
total
-
5 634
-
-
Dividends
-
13 366
-
-
withholding
-
4 678
-
-
total
-
4 678
-
-
Income
19 000
19 000
19 000
19 000
Total tax
11 159
10 312
4 178
2 724
After tax
7 841
8 688
14 822
16 276
Living cost
39 602
39 602
39 602
39 602
Free-cash
-31 761
-30 914
-24 780
-23 326

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13430
-₴7878
-₴7878
-₴11083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
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.

-
-
-
499
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.

-
-
-
28
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
3 947
Employee

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

30 083
-
19 000
-
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.

195
-
28
-
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.

3 537
-
499
-
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.

3 420
-
3 420
-
total
7 152
-
3 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
19 000
-
-
income
-
2 850
-
-
surtax

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

-
157
-
-
chamber of commerce
-
103
-
-
trade
-
3 258
-
-
total
-
6 368
-
-
Dividends
-
12 633
-
-
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.

-
163
-
-
withholding
-
2 968
-
-
total
-
3 131
-
-
Income
19 000
19 000
19 000
19 000
Total tax
7 152
9 499
3 947
3 947
After tax
11 848
9 501
15 053
15 053
Living cost
22 931
22 931
22 931
22 931
Free-cash
-11 083
-13 430
-7 878
-7 878

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7550
-₴5124
-₴5520
-₴9113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
364
other
-
-
-
589
surtax
-
-
-
-
social contributions
-
-
-
541
health
-
-
-
165
pensions
-
-
-
5 735
total
-
-
-
7 394
Employee
21 423
-
14 478
-
pensions
2 422
-
1 638
-
surtax
-
-
-
-
social contributions
611
-
412
-
income
1 264
-
425
-
total
4 297
-
2 475
-
Employer
21 423
-
14 478
-
health
1 500
-
1 014
-
pensions
3 519
-
2 379
-
unemployment
867
-
586
-
social contributions
65
-
44
-
other
739
-
500
-
total
6 690
-
4 523
-
Corporate
-
19 000
-
-
income
-
5 320
-
-
surtax
-
-
-
-
total
-
5 320
-
-
Dividends
-
13 680
-
-
surtax
-
-
-
-
social contributions
-
2 353
-
-
withholding
-
1 751
-
-
total
-
4 104
-
-
Income
19 000
19 000
19 000
19 000
Total tax
10 987
9 424
6 998
7 394
After tax
8 013
9 576
12 002
11 606
Living cost
17 126
17 126
17 126
17 126
Free-cash
-9 113
-7 550
-5 124
-5 520

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
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.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-₴5853
-₴3427
-₴3823
-₴6094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
364
other
-
-
-
589
surtax
-
-
-
-
social contributions
-
-
-
541
health
-
-
-
165
pensions
-
-
-
5 735
total
-
-
-
7 394
Employee
19 123
-
14 478
-
pensions
2 163
-
1 638
-
surtax
-
-
-
-
social contributions
545
-
412
-
income
986
-
425
-
total
3 694
-
2 475
-
Employer
19 123
-
14 478
-
health
1 338
-
1 014
-
pensions
3 142
-
2 379
-
unemployment
774
-
586
-
social contributions
57
-
44
-
other
660
-
500
-
total
5 971
-
4 523
-
Corporate
-
19 000
-
-
income
-
5 320
-
-
surtax
-
-
-
-
total
-
5 320
-
-
Dividends
-
13 680
-
-
surtax
-
-
-
-
social contributions
-
2 353
-
-
withholding
-
1 751
-
-
total
-
4 104
-
-
Income
19 000
19 000
19 000
19 000
Total tax
9 665
9 424
6 998
7 394
After tax
9 335
9 576
12 002
11 606
Living cost
15 429
15 429
15 429
15 429
Free-cash
-6 094
-5 853
-3 427
-3 823

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴978
₴1141
₴1588
₴322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 850
social contributions
-
-
-
2 622
health
-
-
-
1 326
total
-
-
-
6 798
Employee
16 972
-
19 000
-
social contributions
2 342
-
2 622
-
income
2 831
-
3 297
-
health
1 185
-
1 326
-
total
6 358
-
7 245
-
Employer
16 972
-
19 000
-
total
-
-
-
-
Corporate
2 028
19 000
-
-
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%.

102
950
-
-
total
102
950
-
-
Dividends
1 926
18 050
-
-
social contributions
873
2 491
-
-
withholding
289
2 707
-
-
health
442
1 260
-
-
total
1 604
6 458
-
-
Income
19 000
19 000
19 000
19 000
Total tax
8 064
7 408
7 245
6 798
After tax
10 936
11 592
11 755
12 202
Living cost
10 614
10 614
10 614
10 614
Free-cash
322
978
1 141
1 588

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10034
-₴10740
-₴6979
-₴13787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
128
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
76
health
-
-
-
1 453
pensions
-
-
-
3 515
total
-
-
-
8 341
Employee
25 016
19 948
19 948
-
other
250
199
143
-
unemployment
750
598
430
-
pensions
2 562
2 042
1 470
-
income
2 848
1 471
1 750
-
health
968
772
556
-
total
7 378
5 082
4 349
-
Employer
25 016
19 948
19 948
-
chamber of commerce
100
80
80
-
health
945
754
542
-
pensions
3 139
2 504
1 802
-
accident
325
259
186
-
unemployment
750
598
430
-
surtax
99
99
99
-
payroll
750
598
598
-
other
1 188
947
900
-
total
7 296
5 839
4 637
-
Corporate
1 900
1 900
12 463
-
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.

475
475
3 116
-
total
475
475
3 116
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
15 149
11 396
12 102
8 341
After tax
3 851
7 604
6 898
10 659
Living cost
17 638
17 638
17 638
17 638
Free-cash
-13 787
-10 034
-10 740
-6 979

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
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.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7482
-₴9453
-₴6798
-₴27228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
communal

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

-
-
-
1 063
social contributions
-
-
-
1 287
national
-
-
-
5 197
total
-
-
-
7 547
Employee

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

35 805
-
14 715
-
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.

312
-
128
-
communal

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

1 868
-
768
-
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.

2 685
-
1 104
-
national
11 008
-
3 228
-
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.

1 682
-
692
-
total
17 555
-
5 920
-
Employer

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

35 805
-
14 715
-
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.

2 202
-
905
-
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.

3 173
-
1 303
-
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.

465
-
191
-
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.

522
-
215
-
surtax
4 060
-
1 668
-
total
10 422
-
4 282
-
Corporate
-
19 000
-
-
income
-
3 800
-
-
surtax
-
76
-
-
total
-
3 876
-
-
Dividends
-
15 124
-
-
withholding

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

-
4 355
-
-
total
-
4 355
-
-
Income
19 000
19 000
19 000
19 000
Total tax
27 977
8 231
10 202
7 547
After tax
-8 977
10 769
8 798
11 453
Living cost
18 251
18 251
18 251
18 251
Free-cash
-27 228
-7 482
-9 453
-6 798

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5204
-₴7904
-₴7377
-₴13860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
accident
-
-
-
171
income
-
-
-
2 600
other
-
-
-
19
unemployment
-
-
-
133
pensions
-
-
-
5 377
total
-
-
-
8 300
Employee
24 917
-
13 671
-
other
25
-
17
-
unemployment
387
-
259
-
pensions
1 171
-
786
-
income
5 257
-
2 435
-
total
6 840
-
3 497
-
Employer
24 917
-
13 671
-
pensions
5 880
-
3 945
-
accident
493
-
331
-
unemployment
1 371
-
920
-
other
199
-
134
-
total
7 943
-
5 330
-
Corporate
-
19 000
-
-
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.

-
2 850
-
-
total
-
2 850
-
-
Dividends
-
16 150
-
-
withholding
-
3 277
-
-
total
-
3 277
-
-
Income
19 000
19 000
19 000
19 000
Total tax
14 783
6 127
8 827
8 300
After tax
4 217
12 873
10 173
10 700
Living cost
18 077
18 077
18 077
18 077
Free-cash
-13 860
-5 204
-7 904
-7 377

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
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.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15247
-₴15146
-₴15144
-₴23435
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
communal
-
-
-
-
accident
-
-
-
215
income
-
-
-
206
surtax
-
-
-
923
health
-
-
-
1 786
pensions
-
-
-
3 811
total
-
-
-
6 941
Employee
37 907
-
16 153
-
pensions
3 032
-
1 906
-
surtax
2 323
-
923
-
income
3 661
-
206
-
health
1 687
-
1 060
-
total
10 703
-
4 095
-
Employer
37 907
-
16 153
-
health
1 156
-
727
-
pensions
3 032
-
1 906
-
accident
341
-
215
-
total
4 529
-
2 848
-
Corporate
-
19 000
-
-
communal
-
1 282
-
-
income
-
2 850
-
-
surtax
-
199
-
-
total
-
4 331
-
-
Dividends
-
14 668
-
-
income
-
513
-
-
withholding
-
2 200
-
-
total
-
2 713
-
-
Income
19 000
19 000
19 000
19 000
Total tax
15 232
7 044
6 943
6 941
After tax
3 768
11 956
12 057
12 059
Living cost
27 203
27 203
27 203
27 203
Free-cash
-23 435
-15 247
-15 146
-15 144

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
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.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴708
-₴756
-₴304
-₴1406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 747
other
-
-
-
-
surtax
-
-
-
51
unemployment
-
-
-
114
health
-
-
-
1 349
pensions
-
-
-
3 800
total
-
-
-
8 061
Employee
16 857
-
15 695
-
other
-
-
-
-
unemployment
1 173
-
1 092
-
pensions
1 125
-
1 047
-
surtax
60
-
39
-
income
2 826
-
2 631
-
health
430
-
400
-
total
5 614
-
5 209
-
Employer
16 857
-
15 695
-
health
767
-
713
-
pensions
2 247
-
2 093
-
unemployment
535
-
498
-
other
-
-
-
-
total
3 549
-
3 304
-
Corporate
-
19 000
-
-
income
-
4 940
-
-
total
-
4 940
-
-
Dividends
-
14 060
-
-
withholding
-
2 109
-
-
total
-
2 109
-
-
Income
19 000
19 000
19 000
19 000
Total tax
9 163
7 049
8 513
8 061
After tax
9 837
11 951
10 487
10 939
Living cost
11 243
11 243
11 243
11 243
Free-cash
-1 406
708
-756
-304

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
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.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3497
-₴4144
-₴3016
-₴8767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
social contributions
-
-
-
4 886
regional
-
-
-
287
municipal
-
-
-
113
national
-
-
-
3 246
total
-
-
-
8 532
Employee
27 767
-
19 000
-
municipal
147
-
101
-
national
4 399
-
2 896
-
regional
374
-
256
-
social contributions
9 363
-
6 407
-
total
14 283
-
9 660
-
Employer
27 767
-
19 000
-
total
-
-
-
-
Corporate
-
19 000
-
-
municipal
-
944
-
-
nationa
-
4 560
-
-
total
-
5 504
-
-
Dividends
-
13 496
-
-
withholding
-
3 509
-
-
total
-
3 509
-
-
Income
19 000
19 000
19 000
19 000
Total tax
14 283
9 013
9 660
8 532
After tax
4 717
9 987
9 340
10 468
Living cost
13 484
13 484
13 484
13 484
Free-cash
-8 767
-3 497
-4 144
-3 016

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2022
-₴5463
-₴5850
-₴10764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
1 633
social contributions
-
-
-
5 548
solidarity contribution
-
-
-
-
health
-
-
-
2 565
total
-
-
-
9 746
Employee
22 212
-
14 179
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
922
-
income
2 665
-
1 702
-
health
2 999
-
1 914
-
total
7 108
-
4 538
-
Employer
22 212
-
14 179
-
health
1 999
-
1 276
-
social contributions
5 553
-
3 545
-
total
7 552
-
4 821
-
Corporate
-
19 000
-
-
income
-
3 610
-
-
total
-
3 610
-
-
Dividends
-
15 390
-
-
withholding
-
2 308
-
-
total
-
2 308
-
-
Income
19 000
19 000
19 000
19 000
Total tax
14 660
5 918
9 359
9 746
After tax
4 340
13 082
9 641
9 254
Living cost
15 104
15 104
15 104
15 104
Free-cash
-10 764
-2 022
-5 463
-5 850

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8267
-₴9023
-₴5212
-₴9650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
128
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
76
health
-
-
-
1 453
pensions
-
-
-
3 515
total
-
-
-
8 242
Employee
21 881
19 948
19 948
-
other
218
199
144
-
unemployment
656
598
433
-
pensions
2 241
2 042
1 479
-
income
1 949
1 471
1 744
-
health
846
772
559
-
total
5 910
5 082
4 359
-
Employer
21 881
19 948
19 948
-
chamber of commerce
87
80
80
-
health
827
754
546
-
pensions
2 746
2 504
1 812
-
accident
284
259
188
-
unemployment
656
598
433
-
surtax
-
-
-
-
payroll
656
598
598
-
other
1 039
947
901
-
total
6 295
5 740
4 558
-
Corporate
1 900
1 900
12 542
-
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.

475
475
3 136
-
total
475
475
3 136
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
12 680
11 297
12 053
8 242
After tax
6 320
7 703
6 947
10 758
Living cost
15 970
15 970
15 970
15 970
Free-cash
-9 650
-8 267
-9 023
-5 212

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11777
₴8927
₴12537
₴10601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
19 000
microenterprise

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

-
-
-
190
total
-
-
-
190
Employee
7 842
-
19 000
-
income
1 568
-
3 800
-
total
1 568
-
3 800
-
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%.

11 158
19 000
-
-
total
-
-
-
-
Dividends
11 158
19 000
-
-
withholding
558
950
-
-
total
558
950
-
-
Income
19 000
19 000
19 000
19 000
Total tax
2 126
950
3 800
190
After tax
16 874
18 050
15 200
18 810
Living cost
6 273
6 273
6 273
6 273
Free-cash
10 601
11 777
8 927
12 537

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴344
-₴3238
-₴2636
-₴6581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
income
-
-
-
2 843
unemployment
-
-
-
28
health
-
-
-
1 869
pensions
-
-
-
3 470
total
-
-
-
8 210
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.

22 135
-
16 441
-
unemployment
31
-
23
-
pensions
3 431
-
2 549
-
income
3 817
-
2 620
-
health
1 430
-
1 062
-
total
8 709
-
6 254
-
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.

22 135
-
16 441
-
health
1 474
-
1 094
-
pensions
1 959
-
1 455
-
unemployment
13
-
9
-
total
3 446
-
2 558
-
Corporate
-
19 000
-
-
income
-
3 610
-
-
total
-
3 610
-
-
Dividends
-
15 390
-
-
withholding
-
2 308
-
-
total
-
2 308
-
-
Income
19 000
19 000
19 000
19 000
Total tax
12 155
5 918
8 812
8 210
After tax
6 845
13 082
10 188
10 790
Living cost
13 426
13 426
13 426
13 426
Free-cash
-6 581
-344
-3 238
-2 636

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
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.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9820
-₴9016
-₴8249
-₴54881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
3 703
social contributions
-
-
-
2 166
total
-
-
-
5 869
Employee
30 656
-
896
-
social contributions
2 514
-
358
-
income
6 762
-
118
-
total
9 276
-
476
-
Employer
30 656
-
896
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
-
19 000
-
-
income
-
4 180
-
-
total
-
4 180
-
-
Dividends
-
14 820
-
-
income
-
3 260
-
-
total
-
3 260
-
-
Income
19 000
19 000
19 000
19 000
Total tax
52 501
7 440
6 636
5 869
After tax
-33 501
11 560
12 364
13 131
Living cost
21 380
21 380
21 380
21 380
Free-cash
-54 881
-9 820
-9 016
-8 249

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4894
-₴4800
-₴4491
-₴9490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
income
-
-
-
1 187
surtax
-
-
-
-
social contributions

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

-
-
-
6 603
total
-
-
-
7 790
Employee
23 022
-
15 353
-
surtax
-
-
-
-
social contributions
2 532
-
1 689
-
income
4 789
-
2 763
-
total
7 321
-
4 452
-
Employer
23 022
-
15 353
-
social contributions
5 468
-
3 647
-
total
5 468
-
3 647
-
Corporate
-
19 000
-
-
income
-
3 990
-
-
surtax
-
-
-
-
total
-
3 990
-
-
Dividends
-
15 010
-
-
withholding
-
4 203
-
-
total
-
4 203
-
-
Income
19 000
19 000
19 000
19 000
Total tax
12 789
8 193
8 099
7 790
After tax
6 211
10 807
10 901
11 210
Living cost
15 701
15 701
15 701
15 701
Free-cash
-9 490
-4 894
-4 800
-4 491

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14600
-₴12174
-₴12570
-₴22141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
364
other
-
-
-
589
surtax
-
-
-
-
social contributions
-
-
-
541
health
-
-
-
165
pensions
-
-
-
5 735
total
-
-
-
7 394
Employee
31 351
-
14 478
-
pensions
3 546
-
1 638
-
surtax
-
-
-
-
social contributions
893
-
412
-
income
2 735
-
425
-
total
7 174
-
2 475
-
Employer
31 351
-
14 478
-
health
2 194
-
1 014
-
pensions
5 151
-
2 379
-
unemployment
1 270
-
586
-
social contributions
94
-
44
-
other
1 082
-
500
-
total
9 791
-
4 523
-
Corporate
-
19 000
-
-
income
-
5 320
-
-
surtax
-
-
-
-
total
-
5 320
-
-
Dividends
-
13 680
-
-
surtax
-
-
-
-
social contributions
-
2 353
-
-
withholding
-
1 751
-
-
total
-
4 104
-
-
Income
19 000
19 000
19 000
19 000
Total tax
16 965
9 424
6 998
7 394
After tax
2 035
9 576
12 002
11 606
Living cost
24 176
24 176
24 176
24 176
Free-cash
-22 141
-14 600
-12 174
-12 570

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2053
₴333
-₴227
₴372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
-
social contributions
-
-
-
4 180
total
-
-
-
4 180
Employee
16 093
-
16 450
-
income
-
-
-
-
social contributions
1 046
-
1 070
-
total
1 046
-
1 070
-
Employer
16 093
-
16 450
-
social contributions
2 494
-
2 550
-
total
2 494
-
2 550
-
Corporate
413
19 000
-
-
income
41
1 900
-
-
total
41
1 900
-
-
Dividends
372
17 100
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
3 581
1 900
3 620
4 180
After tax
15 419
17 100
15 380
14 820
Living cost
15 047
15 047
15 047
15 047
Free-cash
372
2 053
333
-227

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
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.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴90059
-₴90059
-₴11147
-₴90059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
labour market
-
-
-
1 485
municipal
-
-
-
2 579
national
-
-
-
1 542
pensions
-
-
-
434
total
-
-
-
6 040
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
84 952
84 952
84 952
6 040
After tax
-65 952
-65 952
-65 952
12 960
Living cost
24 107
24 107
24 107
24 107
Free-cash
-90 059
-90 059
-90 059
-11 147

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9456
-₴961
₴1727
-₴1821
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
accident
-
-
-
128
income
-
-
-
2 745
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
6 278
Employee
17 296
-
15 783
-
pensions
1 948
-
1 777
-
income
2 373
-
2 165
-
health
1 980
-
1 807
-
total
6 301
-
5 749
-
Employer
17 296
-
15 783
-
pensions
2 812
-
2 566
-
accident
289
-
264
-
unemployment
424
-
387
-
total
3 525
-
3 217
-
Corporate
-
19 000
-
-
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.

-
17 100
-
-
total
-
17 100
-
-
Dividends
-
1 900
-
-
withholding
-
361
-
-
total
-
361
-
-
Income
19 000
19 000
19 000
19 000
Total tax
9 826
17 461
8 966
6 278
After tax
9 174
1 539
10 034
12 722
Living cost
10 995
10 995
10 995
10 995
Free-cash
-1 821
-9 456
-961
1 727

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6070
-₴7222
-₴3839
-₴12305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
19 000
health
-
-
-
84
municipal
-
-
-
3 405
national
-
-
-
132
total
-
-
-
3 621
Employee
26 336
-
15 984
-
municipal
4 314
-
2 633
-
unemployment
395
-
239
-
pensions
1 777
-
1 079
-
national
435
-
-
-
health
197
-
37
-
total
7 118
-
3 988
-
Employer
26 336
-
15 984
-
health
202
-
123
-
pensions
4 569
-
2 773
-
accident
27
-
16
-
unemployment
171
-
104
-
total
4 969
-
3 016
-
Corporate
-
19 000
-
-
income
-
3 800
-
-
total
-
3 800
-
-
Dividends

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

-
11 400
-
-
municipal
-
2 052
-
-
national
-
-
-
-
total
-
2 052
-
-
Income
19 000
19 000
19 000
19 000
Total tax
12 087
5 852
7 004
3 621
After tax
6 913
13 148
11 996
15 379
Living cost
19 218
19 218
19 218
19 218
Free-cash
-12 305
-6 070
-7 222
-3 839

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3908
-₴266
₴3958
-₴312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 029
income
-
-
-
-
social contributions
-
-
-
2 968
health
-
-
-
485
total
-
-
-
3 453
Employee
38 491
38 491
38 491
-
social contributions
1 455
3 195
1 432
-
income
4 191
3 563
4 200
-
health
298
654
294
-
total
5 944
7 412
5 926
-
Employer
38 491
38 491
38 491
-
health
324
712
319
-
social contributions
1 455
3 195
1 432
-
total
1 779
3 907
1 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 000
19 000
19 000
19 000
Total tax
7 723
11 319
7 677
3 453
After tax
11 277
7 681
11 323
15 547
Living cost
11 589
11 589
11 589
11 589
Free-cash
-312
-3 908
-266
3 958

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7787
₴3882
₴4682
₴5238
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 000
income
-
-
-
1 362
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
6 371
Employee

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

11 490
-
17 226
-
unemployment
57
-
86
-
pensions
1 723
-
2 584
-
income
786
-
1 263
-
health
977
-
1 464
-
total
3 543
-
5 397
-
Employer

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

11 490
-
17 226
-
health
494
-
741
-
pensions
632
-
947
-
unemployment
57
-
86
-
total
1 183
-
1 774
-
Corporate
6 328
19 000
-
-
income
570
1 710
-
-
total
570
1 710
-
-
Dividends
5 758
17 290
-
-
withholding
519
1 556
-
-
total
519
1 556
-
-
Income
19 000
19 000
19 000
19 000
Total tax
5 815
3 266
7 171
6 371
After tax
13 185
15 734
11 829
12 629
Living cost
7 947
7 947
7 947
7 947
Free-cash
5 238
7 787
3 882
4 682

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴892
-₴3592
-₴3065
-₴5409
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
accident
-
-
-
171
income
-
-
-
2 600
other
-
-
-
19
unemployment
-
-
-
133
pensions
-
-
-
5 377
total
-
-
-
8 300
Employee
18 509
-
13 671
-
other
18
-
17
-
unemployment
287
-
259
-
pensions
870
-
786
-
income
3 568
-
2 435
-
total
4 743
-
3 497
-
Employer
18 509
-
13 671
-
pensions
4 368
-
3 945
-
accident
367
-
331
-
unemployment
1 018
-
920
-
other
148
-
134
-
total
5 901
-
5 330
-
Corporate
-
19 000
-
-
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.

-
2 850
-
-
total
-
2 850
-
-
Dividends
-
16 150
-
-
withholding
-
3 277
-
-
total
-
3 277
-
-
Income
19 000
19 000
19 000
19 000
Total tax
10 644
6 127
8 827
8 300
After tax
8 356
12 873
10 173
10 700
Living cost
13 765
13 765
13 765
13 765
Free-cash
-5 409
-892
-3 592
-3 065

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10845
₴10673
₴10745
₴10679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
5 971
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
7 244
Employee
1 540
-
18 170
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
5 933
-
health
77
-
184
-
total
529
-
6 486
-
Employer
1 540
-
18 170
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
17 113
19 000
-
-
income
3 765
4 180
-
-
total
3 765
4 180
-
-
Dividends
13 348
14 820
-
-
withholding
2 670
2 964
-
-
total
2 670
2 964
-
-
Income
19 000
19 000
19 000
19 000
Total tax
7 310
7 144
7 316
7 244
After tax
11 690
11 856
11 684
11 756
Living cost
1 011
1 011
1 011
1 011
Free-cash
10 679
10 845
10 673
10 745

Estimated living cost  is ₴1011 per week

₴601
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.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5066
₴1835
₴1018
₴2603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
income
-
-
-
2 139
unemployment
-
-
-
285
health
-
-
-
1 957
pensions
-
-
-
4 940
total
-
-
-
9 321
Employee

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

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

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

13 060
-
16 115
-
unemployment
98
-
121
-
pensions
1 828
-
2 256
-
income
1 800
-
2 412
-
health
673
-
830
-
total
4 399
-
5 619
-
Employer

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

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

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

13 060
-
16 115
-
health
673
-
830
-
pensions
1 567
-
1 934
-
unemployment
98
-
121
-
total
2 338
-
2 885
-
Corporate
3 602
19 000
-
-
income
540
2 850
-
-
total
540
2 850
-
-
Dividends
3 062
16 150
-
-
withholding
459
2 423
-
-
total
459
2 423
-
-
Income
19 000
19 000
19 000
19 000
Total tax
7 736
5 273
8 504
9 321
After tax
11 264
13 727
10 496
9 679
Living cost
8 661
8 661
8 661
8 661
Free-cash
2 603
5 066
1 835
1 018

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2688
-₴2594
-₴2285
-₴5042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
income
-
-
-
1 187
surtax
-
-
-
-
social contributions

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

-
-
-
6 603
total
-
-
-
7 790
Employee
19 428
-
15 353
-
surtax
-
-
-
-
social contributions
2 137
-
1 689
-
income
3 796
-
2 763
-
total
5 933
-
4 452
-
Employer
19 428
-
15 353
-
social contributions
4 614
-
3 647
-
total
4 614
-
3 647
-
Corporate
-
19 000
-
-
income
-
3 990
-
-
surtax
-
-
-
-
total
-
3 990
-
-
Dividends
-
15 010
-
-
withholding
-
4 203
-
-
total
-
4 203
-
-
Income
19 000
19 000
19 000
19 000
Total tax
10 547
8 193
8 099
7 790
After tax
8 453
10 807
10 901
11 210
Living cost
13 495
13 495
13 495
13 495
Free-cash
-5 042
-2 688
-2 594
-2 285

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-₴4719
-₴7419
-₴6892
-₴12883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
accident
-
-
-
171
income
-
-
-
2 600
other
-
-
-
19
unemployment
-
-
-
133
pensions
-
-
-
5 377
total
-
-
-
8 300
Employee
24 175
-
13 671
-
other
24
-
17
-
unemployment
374
-
259
-
pensions
1 136
-
786
-
income
5 049
-
2 435
-
total
6 583
-
3 497
-
Employer
24 175
-
13 671
-
pensions
5 705
-
3 945
-
accident
479
-
331
-
unemployment
1 330
-
920
-
other
194
-
134
-
total
7 708
-
5 330
-
Corporate
-
19 000
-
-
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.

-
2 850
-
-
total
-
2 850
-
-
Dividends
-
16 150
-
-
withholding
-
3 277
-
-
total
-
3 277
-
-
Income
19 000
19 000
19 000
19 000
Total tax
14 291
6 127
8 827
8 300
After tax
4 709
12 873
10 173
10 700
Living cost
17 592
17 592
17 592
17 592
Free-cash
-12 883
-4 719
-7 419
-6 892

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7634
₴3386
₴2870
₴4585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 850
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
7 519
Employee
11 402
-
15 883
-
accident

We are using the highest rate at 1.1%.

125
-
175
-
pensions

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

1 001
-
1 394
-
income
1 140
-
1 588
-
health
525
-
730
-
total
2 791
-
3 887
-
Employer
11 402
-
15 883
-
health
787
-
1 096
-
pensions

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

1 256
-
1 750
-
accident

We are using the highest rate at 1.1%.

125
-
175
-
unemployment
68
-
95
-
total
2 236
-
3 116
-
Corporate
5 361
19 000
-
-
income
536
1 900
-
-
total
536
1 900
-
-
Dividends
4 824
17 100
-
-
withholding
241
855
-
-
total
241
855
-
-
Income
19 000
19 000
19 000
19 000
Total tax
5 804
2 755
7 003
7 519
After tax
13 196
16 245
11 997
11 481
Living cost
8 611
8 611
8 611
8 611
Free-cash
4 585
7 634
3 386
2 870

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴9434
-₴4272
-₴4272
-₴5906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
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.

-
-
-
499
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.

-
-
-
28
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.

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
3 947
Employee

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

24 906
-
19 000
-
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.

113
-
28
-
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.

2 048
-
499
-
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.

3 420
-
3 420
-
total
5 581
-
3 947
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
19 000
-
-
income
-
2 850
-
-
surtax

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

-
157
-
-
chamber of commerce
-
104
-
-
trade
-
2 726
-
-
total
-
5 837
-
-
Dividends
-
13 164
-
-
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.

-
171
-
-
withholding
-
3 101
-
-
total
-
3 272
-
-
Income
19 000
19 000
19 000
19 000
Total tax
5 581
9 109
3 947
3 947
After tax
13 419
9 891
15 053
15 053
Living cost
19 325
19 325
19 325
19 325
Free-cash
-5 906
-9 434
-4 272
-4 272

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15214
-₴12781
-₴12781
-₴20155
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
2 232
social contributions
-
-
-
1 035
total
-
-
-
3 267
Employee
39 155
-
19 000
-
income
7 388
-
2 232
-
social contributions
3 253
-
1 035
-
total
10 641
-
3 267
-
Employer
39 155
-
19 000
-
total
-
-
-
-
Corporate
-
19 000
-
-
income
-
2 375
-
-
total
-
2 375
-
-
Dividends
-
16 625
-
-
withholding
-
3 325
-
-
total
-
3 325
-
-
Income
19 000
19 000
19 000
19 000
Total tax
10 641
5 700
3 267
3 267
After tax
8 359
13 300
15 733
15 733
Living cost
28 514
28 514
28 514
28 514
Free-cash
-20 155
-15 214
-12 781
-12 781

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7673
-₴3843
-₴16448
-₴7759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
17 269
-
income
2 492
-
1 210
-
social contributions
2 301
-
1 731
-
total
4 793
-
2 941
-
Employer
22 963
-
17 269
-
social contributions
2 301
-
1 731
-
total
2 301
-
1 731
-
Corporate
-
19 000
-
-
income
-
6 650
-
-
total
-
6 650
-
-
Dividends
-
12 350
-
-
social contributions
1 494
1 852
-
-
total
1 494
1 852
-
-
Income
19 000
19 000
19 000
19 000
Total tax
8 588
8 502
4 672
17 277
After tax
10 412
10 498
14 328
1 723
Living cost
18 170
18 170
18 170
18 170
Free-cash
-7 759
-7 673
-3 843
-16 448

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4419
-₴5752
-₴4151
-₴9679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
income
-
-
-
3 625
pensions
-
-
-
872
total
-
-
-
4 497
Employee
25 605
-
17 240
-
pensions
1 954
-
951
-
income
4 663
-
3 225
-
health
334
-
163
-
total
6 951
-
4 339
-
Employer
25 605
-
17 240
-
health
487
-
327
-
pensions
2 587
-
1 432
-
total
3 074
-
1 759
-
Corporate
-
19 000
-
-
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.

-
3 610
-
-
total
-
3 610
-
-
Dividends
-
15 390
-
-
withholding
-
1 155
-
-
total
-
1 155
-
-
Income
19 000
19 000
19 000
19 000
Total tax
10 025
4 765
6 098
4 497
After tax
8 975
14 235
12 902
14 503
Living cost
18 654
18 654
18 654
18 654
Free-cash
-9 679
-4 419
-5 752
-4 151

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10544
-₴2049
₴639
-₴3881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
accident
-
-
-
128
income
-
-
-
2 745
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
6 278
Employee
19 008
-
15 783
-
pensions
2 140
-
1 777
-
income
2 608
-
2 165
-
health
2 176
-
1 807
-
total
6 924
-
5 749
-
Employer
19 008
-
15 783
-
pensions
3 091
-
2 566
-
accident
317
-
264
-
unemployment
466
-
387
-
total
3 874
-
3 217
-
Corporate
-
19 000
-
-
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.

-
17 100
-
-
total
-
17 100
-
-
Dividends
-
1 900
-
-
withholding
-
361
-
-
total
-
361
-
-
Income
19 000
19 000
19 000
19 000
Total tax
10 798
17 461
8 966
6 278
After tax
8 202
1 539
10 034
12 722
Living cost
12 083
12 083
12 083
12 083
Free-cash
-3 881
-10 544
-2 049
639

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9386
₴4925
₴4925
₴6951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 000
income
-
-
-
2 086
unemployment
-
-
-
228
work injury
-
-
-
95
health insurance
-
-
-
1 406
pensions
-
-
-
3 496
total
-
-
-
7 311
Employee

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

10 822
-
19 000
-
health insurance
801
-
1 406
-
unemployment
130
-
228
-
work injury
54
-
95
-
pensions
1 991
-
3 496
-
income
1 082
-
2 086
-
total
4 058
-
7 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 178
19 000
-
-
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
8 178
19 000
-
-
withholding
1 227
2 850
-
-
total
1 227
2 850
-
-
Income
19 000
19 000
19 000
19 000
Total tax
5 285
2 850
7 311
7 311
After tax
13 715
16 150
11 689
11 689
Living cost
6 764
6 764
6 764
6 764
Free-cash
6 951
9 386
4 925
4 925

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9934
-₴10575
-₴9444
-₴23181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 000
social contributions
-
-
-
4 886
regional
-
-
-
244
municipal
-
-
-
127
national
-
-
-
3 246
total
-
-
-
8 503
Employee
42 180
-
19 000
-
municipal
252
-
113
-
national
7 128
-
2 896
-
regional
637
-
218
-
social contributions
14 223
-
6 407
-
total
22 240
-
9 634
-
Employer
42 180
-
19 000
-
total
-
-
-
-
Corporate
-
19 000
-
-
municipal
-
916
-
-
nationa
-
4 560
-
-
total
-
5 476
-
-
Dividends
-
13 525
-
-
withholding
-
3 517
-
-
total
-
3 517
-
-
Income
19 000
19 000
19 000
19 000
Total tax
22 240
8 993
9 634
8 503
After tax
-3 240
10 007
9 366
10 497
Living cost
19 941
19 941
19 941
19 941
Free-cash
-23 181
-9 934
-10 575
-9 444

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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