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
₴ 19500
per

Your estimated
City
free-cash

Dresden , Germany
-₴3047
₴1691
₴2271
₴2271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
trade
-
-
-
-
income

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

-
-
-
1 261
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.

-
-
-
2 926
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.

-
-
-
69
total
-
-
-
4 256
Employee

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

16 382
-
19 500
-
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.

2 926
-
2 926
-
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.

25
-
69
-
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.

458
-
1 261
-
total
3 409
-
4 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 118
19 500
-
-
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.

26
161
-
-
income
467
2 925
-
-
trade
491
3 072
-
-
chamber of commerce
70
93
-
-
total
1 054
6 251
-
-
Dividends
2 064
13 250
-
-
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.

20
173
-
-
withholding
353
3 150
-
-
total
373
3 323
-
-
Income
19 500
19 500
19 500
19 500
Total tax
4 836
9 574
4 256
4 256
After tax
14 664
9 926
15 244
15 244
Living cost
12 973
12 973
12 973
12 973
Free-cash
1 691
-3 047
2 271
2 271

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9475
-₴17096
-₴9134
-₴8980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
municipal
-
-
-
1 742
pensions
-
-
-
2 340
national
-
-
-
2 699
social contributions
-
-
-
210
total
-
-
-
6 991
Employee
33 550
-
16 858
-
municipal
4 144
-
1 817
-
pensions
1 342
-
674
-
national
6 422
-
2 816
-
total
11 908
-
5 307
-
Employer
33 550
-
16 858
-
social contributions
361
-
181
-
pensions
2 684
-
1 349
-
total
3 045
-
1 530
-
Corporate
-
19 500
-
-
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%.

-
3 900
-
-
total
-
3 900
-
-
Dividends
-
15 600
-
-
withholding
-
3 432
-
-
total
-
3 432
-
-
Income
19 500
19 500
19 500
19 500
Total tax
14 953
7 332
6 837
6 991
After tax
4 547
12 168
12 663
12 509
Living cost
21 643
21 643
21 643
21 643
Free-cash
-17 096
-9 475
-8 980
-9 134

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6689
₴3175
₴6316
₴2278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
microenterprise
-
-
-
2 925
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.

-
-
-
1 348
total
-
-
-
4 273
Employee
12 515
-
15 714
-
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.

1 377
-
1 729
-
surtax
-
-
-
-
income
2 228
-
2 797
-
total
3 605
-
4 526
-
Employer
12 515
-
15 714
-
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.

3 015
-
3 785
-
surtax
-
-
-
-
total
3 015
-
3 785
-
Corporate
3 970
19 500
-
-
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%.

794
3 900
-
-
total
794
3 900
-
-
Dividends

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

3 176
15 600
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
7 414
3 900
8 311
4 273
After tax
12 086
15 600
11 189
15 227
Living cost
8 911
8 911
8 911
8 911
Free-cash
3 175
6 689
2 278
6 316

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20628
-₴23033
-₴6744
-₴23033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
1 798
pensions
-
-
-
3 510
health
-
-
-
2 993
total
-
-
-
8 301
Employee
36 576
36 576
36 576
-
health
5 614
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
6 584
-
total
18 185
15 780
18 185
-
Employer
36 576
36 576
36 576
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 546
-
health
2 542
2 542
2 542
-
total
6 405
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
24 590
22 185
24 590
8 301
After tax
-5 090
-2 685
-5 090
11 199
Living cost
17 943
17 943
17 943
17 943
Free-cash
-23 033
-20 628
-23 033
-6 744

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5901
-₴11488
-₴6827
-₴6136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
municipal
-
-
-
4 130
accident
-
-
-
39
pensions
-
-
-
2 108
other
-
-
-
2 266
unemployment
-
-
-
19
health
-
-
-
1 217
national
-
-
-
-
total
-
-
-
9 779
Employee
23 580
-
14 838
-
municipal
7 032
-
4 425
-
national
-
-
-
-
total
7 032
-
4 425
-
Employer
23 580
-
14 838
-
accident
47
-
30
-
other
2 740
-
1 724
-
unemployment
622
-
392
-
pensions
2 549
-
1 604
-
health
1 450
-
913
-
total
7 408
-
4 663
-
Corporate
-
19 500
-
-
income
-
4 290
-
-
total
-
4 290
-
-
Dividends
-
15 210
-
-
withholding
-
4 563
-
-
total
-
4 563
-
-
Income
19 500
19 500
19 500
19 500
Total tax
14 440
8 853
9 088
9 779
After tax
5 060
10 647
10 412
9 721
Living cost
16 548
16 548
16 548
16 548
Free-cash
-11 488
-5 901
-6 136
-6 827

Estimated living cost  is ₴16548 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7000
-₴2220
-₴1582
-₴1582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
trade
-
-
-
-
income

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

-
-
-
1 261
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.

-
-
-
2 926
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.

-
-
-
69
total
-
-
-
4 256
Employee

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

21 721
-
19 500
-
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.

2 926
-
2 926
-
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.

102
-
69
-
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.

1 866
-
1 261
-
total
4 894
-
4 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
19 500
-
-
surtax

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

-
161
-
-
income
-
2 925
-
-
trade
-
3 208
-
-
chamber of commerce
-
93
-
-
total
-
6 387
-
-
Dividends
-
13 113
-
-
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.

-
172
-
-
withholding
-
3 115
-
-
total
-
3 287
-
-
Income
19 500
19 500
19 500
19 500
Total tax
4 894
9 674
4 256
4 256
After tax
14 606
9 826
15 244
15 244
Living cost
16 826
16 826
16 826
16 826
Free-cash
-2 220
-7 000
-1 582
-1 582

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴4077
-₴1735
₴2047
-₴1467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
22
health
-
-
-
497
social contributions
-
-
-
3 042
total
-
-
-
3 561
Employee
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 470
-
health
328
560
301
-
income
3 458
3 049
3 506
-
total
5 386
6 342
5 277
-
Employer
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 470
-
health
357
610
328
-
total
1 957
3 343
1 798
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
7 343
9 685
7 075
3 561
After tax
12 157
9 815
12 425
15 939
Living cost
13 892
13 892
13 892
13 892
Free-cash
-1 735
-4 077
-1 467
2 047

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
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.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3288
₴3451
₴5725
₴3521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 384
pensions
-
-
-
1 950
unemployment
-
-
-
293
health
-
-
-
1 365
total
-
-
-
5 992
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.

11 234
4 471
16 318
-
health
786
313
1 142
-
income
1 373
547
1 995
-
pensions
1 123
447
1 632
-
unemployment
169
67
245
-
total
3 451
1 374
5 014
-
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.

11 234
4 471
16 318
-
pensions
2 191
872
3 182
-
total
2 191
872
3 182
-
Corporate
6 075
14 157
-
-
income
547
1 274
-
-
total
547
1 274
-
-
Dividends
5 528
12 883
-
-
social contributions
1 027
2 461
-
-
withholding
1 050
2 448
-
-
total
2 077
4 909
-
-
Income
19 500
19 500
19 500
19 500
Total tax
8 266
8 429
8 196
5 992
After tax
11 234
11 071
11 304
13 508
Living cost
7 783
7 783
7 783
7 783
Free-cash
3 451
3 288
3 521
5 725

Estimated living cost  is ₴7783 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5255
₴2594
₴931
₴1609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
1 788
pensions
-
-
-
3 901
health
-
-
-
2 535
total
-
-
-
8 224
Employee
12 151
-
14 574
-
income
1 368
-
2 095
-
pensions
243
-
292
-
unemployment
194
-
233
-
total
1 805
-
2 620
-
Employer
12 151
-
14 574
-
unemployment
98
-
116
-
pensions
2 430
-
2 915
-
health
1 579
-
1 895
-
total
4 107
-
4 926
-
Corporate
3 242
19 500
-
-
income
649
3 900
-
-
total
649
3 900
-
-
Dividends
2 594
15 600
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
6 561
3 900
7 546
8 224
After tax
12 939
15 600
11 954
11 276
Living cost
10 345
10 345
10 345
10 345
Free-cash
2 594
5 255
1 609
931

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7787
₴143
₴4165
₴931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
accident
-
-
-
108
income
-
-
-
3 004
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
5 969
Employee
14 734
-
16 199
-
health
1 687
-
1 855
-
income
2 021
-
2 222
-
pensions
1 659
-
1 824
-
total
5 367
-
5 901
-
Employer
14 734
-
16 199
-
accident
246
-
271
-
unemployment
361
-
397
-
pensions
2 396
-
2 634
-
total
3 003
-
3 302
-
Corporate
1 763
19 500
-
-
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.

1 587
17 550
-
-
total
1 587
17 550
-
-
Dividends
176
1 950
-
-
withholding
34
371
-
-
total
34
371
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 991
17 921
9 203
5 969
After tax
9 509
1 579
10 297
13 531
Living cost
9 366
9 366
9 366
9 366
Free-cash
143
-7 787
931
4 165

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14672
₴13950
₴15452
₴11747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
19 500
microenterprise

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

-
-
-
195
total
-
-
-
195
Employee
4 817
-
19 500
-
income
963
-
3 900
-
total
963
-
3 900
-
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%.

14 683
19 500
-
-
total
-
-
-
-
Dividends
14 683
19 500
-
-
withholding
734
975
-
-
total
734
975
-
-
Income
19 500
19 500
19 500
19 500
Total tax
1 697
975
3 900
195
After tax
17 803
18 525
15 600
19 305
Living cost
3 853
3 853
3 853
3 853
Free-cash
13 950
14 672
11 747
15 452

Estimated living cost  is ₴3853 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2913
₴21
-₴854
₴17
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 477
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.

-
-
-
4 679
other
-
-
-
927
health
-
-
-
858
total
-
-
-
8 941
Employee
15 552
-
15 575
-
health
218
-
218
-
income
2 677
-
2 681
-
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.

1 088
-
1 090
-
unemployment
155
-
156
-
total
4 138
-
4 145
-
Employer
15 552
-
15 575
-
accident
124
-
124
-
other
778
-
779
-
unemployment
155
-
156
-
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.

2 644
-
2 648
-
health
218
-
218
-
total
3 919
-
3 925
-
Corporate
29
19 500
-
-
income
7
4 095
-
-
total
7
4 095
-
-
Dividends
23
15 405
-
-
withholding
2
1 079
-
-
total
2
1 079
-
-
Income
19 500
19 500
19 500
19 500
Total tax
8 066
5 174
8 070
8 941
After tax
11 434
14 326
11 430
10 559
Living cost
11 413
11 413
11 413
11 413
Free-cash
21
2 913
17
-854

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14135
-₴26743
-₴13975
-₴15778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
3 693
pensions
-
-
-
1 037
total
-
-
-
4 730
Employee
40 669
-
17 555
-
health
670
-
196
-
income
7 331
-
3 242
-
pensions
3 923
-
1 150
-
total
11 924
-
4 588
-
Employer
40 669
-
17 555
-
pensions
4 802
-
1 612
-
health
772
-
333
-
total
5 574
-
1 945
-
Corporate
-
19 500
-
-
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.

-
3 705
-
-
total
-
3 705
-
-
Dividends
-
15 795
-
-
withholding
-
1 185
-
-
total
-
1 185
-
-
Income
19 500
19 500
19 500
19 500
Total tax
17 498
4 890
6 533
4 730
After tax
2 002
14 610
12 967
14 770
Living cost
28 745
28 745
28 745
28 745
Free-cash
-26 743
-14 135
-15 778
-13 975

Estimated living cost  is ₴28745 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11054
₴9063
₴6958
₴7119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 925
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
6 923
Employee
7 440
-
16 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
1 656
-
pensions

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

653
-
1 314
-
total
1 821
-
3 824
-
Employer
7 440
-
16 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
10 600
19 500
-
-
income
1 060
1 950
-
-
total
1 060
1 950
-
-
Dividends
9 540
17 550
-
-
withholding
477
877
-
-
total
477
877
-
-
Income
19 500
19 500
19 500
19 500
Total tax
4 818
2 827
6 762
6 923
After tax
14 682
16 673
12 738
12 577
Living cost
5 619
5 619
5 619
5 619
Free-cash
9 063
11 054
7 119
6 958

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26436
-₴27163
-₴12552
-₴28841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
1 798
pensions
-
-
-
3 510
health
-
-
-
2 993
total
-
-
-
8 301
Employee
39 710
36 576
36 576
-
health
4 954
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
6 584
-
total
15 959
15 780
18 185
-
Employer
39 710
36 576
36 576
-
unemployment
1 430
1 317
1 317
-
pensions
2 764
2 546
2 546
-
health
2 759
2 542
2 542
-
total
6 953
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
22 912
22 185
24 590
8 301
After tax
-3 412
-2 685
-5 090
11 199
Living cost
23 751
23 751
23 751
23 751
Free-cash
-27 163
-26 436
-28 841
-12 552

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
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.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3168
-₴715
-₴760
-₴363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
1 676
health
-
-
-
2 632
solidarity contribution
-
-
-
-
social contributions
-
-
-
5 694
total
-
-
-
10 002
Employee
15 086
-
14 552
-
social contributions
981
-
946
-
health
2 037
-
1 965
-
solidarity contribution
-
-
-
-
income
1 810
-
1 746
-
total
4 828
-
4 657
-
Employer
15 086
-
14 552
-
social contributions
3 771
-
3 638
-
health
1 358
-
1 310
-
total
5 129
-
4 948
-
Corporate
-
19 500
-
-
income
-
3 705
-
-
total
-
3 705
-
-
Dividends
-
15 795
-
-
withholding
-
2 369
-
-
total
-
2 369
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 957
6 074
9 605
10 002
After tax
9 543
13 426
9 895
9 498
Living cost
10 258
10 258
10 258
10 258
Free-cash
-715
3 168
-363
-760

Estimated living cost  is ₴10258 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7669
-₴18566
-₴7315
-₴8415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
municipal
-
-
-
116
regional
-
-
-
187
national
-
-
-
3 424
social contributions
-
-
-
5 015
total
-
-
-
8 742
Employee
38 066
-
19 500
-
social contributions
12 836
-
6 576
-
regional
359
-
161
-
municipal
202
-
103
-
national
6 596
-
3 002
-
total
19 993
-
9 842
-
Employer
38 066
-
19 500
-
total
-
-
-
-
Corporate
-
19 500
-
-
nationa
-
4 680
-
-
municipal
-
761
-
-
total
-
5 441
-
-
Dividends
-
14 059
-
-
withholding
-
3 655
-
-
total
-
3 655
-
-
Income
19 500
19 500
19 500
19 500
Total tax
19 993
9 096
9 842
8 742
After tax
-493
10 404
9 658
10 758
Living cost
18 073
18 073
18 073
18 073
Free-cash
-18 566
-7 669
-8 415
-7 315

Estimated living cost  is ₴18073 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2815
₴1481
₴1747
₴1270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 824
pensions
-
-
-
3 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 384
surtax
-
-
-
96
total
-
-
-
8 302
Employee
14 164
-
16 109
-
other
-
-
-
-
health
362
-
410
-
surtax
46
-
82
-
income
2 374
-
2 701
-
pensions
944
-
1 075
-
unemployment
986
-
1 121
-
total
4 712
-
5 389
-
Employer
14 164
-
16 109
-
other
-
-
-
-
unemployment
449
-
510
-
pensions
1 888
-
2 147
-
health
645
-
733
-
total
2 982
-
3 390
-
Corporate
2 355
19 500
-
-
income
612
5 070
-
-
total
612
5 070
-
-
Dividends
1 743
14 430
-
-
withholding
262
2 164
-
-
total
262
2 164
-
-
Income
19 500
19 500
19 500
19 500
Total tax
8 568
7 234
8 779
8 302
After tax
10 932
12 266
10 721
11 198
Living cost
9 451
9 451
9 451
9 451
Free-cash
1 481
2 815
1 270
1 747

Estimated living cost  is ₴9451 per week

₴5779
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.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5028
-₴11224
-₴4868
-₴6671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
3 693
pensions
-
-
-
1 037
total
-
-
-
4 730
Employee
27 256
-
17 555
-
health
396
-
196
-
income
4 909
-
3 242
-
pensions
2 313
-
1 150
-
total
7 618
-
4 588
-
Employer
27 256
-
17 555
-
pensions
2 950
-
1 612
-
health
518
-
333
-
total
3 468
-
1 945
-
Corporate
-
19 500
-
-
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.

-
3 705
-
-
total
-
3 705
-
-
Dividends
-
15 795
-
-
withholding
-
1 185
-
-
total
-
1 185
-
-
Income
19 500
19 500
19 500
19 500
Total tax
11 086
4 890
6 533
4 730
After tax
8 414
14 610
12 967
14 770
Living cost
19 638
19 638
19 638
19 638
Free-cash
-11 224
-5 028
-6 671
-4 868

Estimated living cost  is ₴19638 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴23455
-₴21993
-₴15754
-₴16929
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
city
-
-
-
205
pensions
-
-
-
1 793
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.

-
-
-
390
regional
-
-
-
348
health
-
-
-
106
national
-
-
-
40
total
-
-
-
2 882
Employee
37 883
-
17 354
-
city
407
-
185
-
regional
1 240
-
282
-
health
86
-
39
-
pensions
3 183
-
1 569
-
unemployment
-
-
-
-
national
179
-
27
-
total
5 095
-
2 102
-
Employer
37 883
-
17 354
-
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.

757
-
347
-
unemployment
-
-
-
-
pensions
3 183
-
1 569
-
health
86
-
39
-
total
4 026
-
1 955
-
Corporate
-
19 500
-
-
regional
-
4 124
-
-
national
-
1 658
-
-
total
-
5 782
-
-
Dividends
-
13 718
-
-
withholding
-
4 801
-
-
total
-
4 801
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 121
10 583
4 057
2 882
After tax
10 379
8 917
15 443
16 618
Living cost
32 372
32 372
32 372
32 372
Free-cash
-21 993
-23 455
-16 929
-15 754

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9895
-₴6241
-₴4377
-₴4377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
trade
-
-
-
-
income

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

-
-
-
1 261
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.

-
-
-
2 926
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.

-
-
-
69
total
-
-
-
4 256
Employee

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

25 741
-
19 500
-
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.

2 926
-
2 926
-
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
-
69
-
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.

3 027
-
1 261
-
total
6 120
-
4 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
19 500
-
-
surtax

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

-
161
-
-
income
-
2 925
-
-
trade
-
3 344
-
-
chamber of commerce
-
93
-
-
total
-
6 523
-
-
Dividends
-
12 977
-
-
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.

-
170
-
-
withholding
-
3 081
-
-
total
-
3 251
-
-
Income
19 500
19 500
19 500
19 500
Total tax
6 120
9 774
4 256
4 256
After tax
13 380
9 726
15 244
15 244
Living cost
19 621
19 621
19 621
19 621
Free-cash
-6 241
-9 895
-4 377
-4 377

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
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.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4826
-₴4555
-₴2854
-₴2559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
619
pensions
-
-
-
5 751
other
-
-
-
605
health
-
-
-
169
surtax
-
-
-
-
social contributions
-
-
-
556
total
-
-
-
7 700
Employee
18 331
-
14 860
-
social contributions
523
-
423
-
surtax
-
-
-
-
income
1 082
-
662
-
pensions
2 073
-
1 680
-
total
3 678
-
2 765
-
Employer
18 331
-
14 860
-
other
632
-
513
-
social contributions
55
-
45
-
unemployment
742
-
601
-
pensions
3 011
-
2 441
-
health
1 283
-
1 040
-
total
5 723
-
4 640
-
Corporate
-
19 500
-
-
surtax
-
-
-
-
income
-
5 460
-
-
total
-
5 460
-
-
Dividends
-
14 040
-
-
surtax
-
-
-
-
social contributions
-
2 415
-
-
withholding
-
1 797
-
-
total
-
4 212
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 401
9 672
7 405
7 700
After tax
10 099
9 828
12 095
11 800
Living cost
14 654
14 654
14 654
14 654
Free-cash
-4 555
-4 826
-2 559
-2 854

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3374
-₴1974
-₴1402
-₴1107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
619
pensions
-
-
-
5 751
other
-
-
-
605
health
-
-
-
169
surtax
-
-
-
-
social contributions
-
-
-
556
total
-
-
-
7 700
Employee
16 363
-
14 860
-
social contributions
467
-
423
-
surtax
-
-
-
-
income
844
-
662
-
pensions
1 851
-
1 680
-
total
3 162
-
2 765
-
Employer
16 363
-
14 860
-
other
565
-
513
-
social contributions
49
-
45
-
unemployment
662
-
601
-
pensions
2 689
-
2 441
-
health
1 145
-
1 040
-
total
5 110
-
4 640
-
Corporate
-
19 500
-
-
surtax
-
-
-
-
income
-
5 460
-
-
total
-
5 460
-
-
Dividends
-
14 040
-
-
surtax
-
-
-
-
social contributions
-
2 415
-
-
withholding
-
1 797
-
-
total
-
4 212
-
-
Income
19 500
19 500
19 500
19 500
Total tax
8 272
9 672
7 405
7 700
After tax
11 228
9 828
12 095
11 800
Living cost
13 202
13 202
13 202
13 202
Free-cash
-1 974
-3 374
-1 107
-1 402

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2815
₴2894
₴3441
₴2799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 925
health
-
-
-
1 361
social contributions
-
-
-
2 691
total
-
-
-
6 977
Employee
14 522
-
19 500
-
social contributions
2 004
-
2 691
-
health
1 014
-
1 361
-
income
2 422
-
3 567
-
total
5 440
-
7 619
-
Employer
14 522
-
19 500
-
total
-
-
-
-
Corporate
4 978
19 500
-
-
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%.

249
975
-
-
total
249
975
-
-
Dividends
4 729
18 525
-
-
health
378
1 293
-
-
social contributions
747
2 556
-
-
withholding
710
2 779
-
-
total
1 835
6 628
-
-
Income
19 500
19 500
19 500
19 500
Total tax
7 524
7 603
7 619
6 977
After tax
11 976
11 897
11 881
12 523
Living cost
9 082
9 082
9 082
9 082
Free-cash
2 894
2 815
2 799
3 441

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-₴5346
-₴8555
-₴4189
-₴7532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
chamber of commerce
-
-
-
78
income
-
-
-
709
pensions
-
-
-
3 607
unemployment
-
-
-
2 627
health
-
-
-
1 491
surtax
-
-
-
85
total
-
-
-
8 597
Employee
21 405
17 069
17 069
-
other
214
171
150
-
health
828
661
579
-
income
2 437
1 259
1 355
-
pensions
2 192
1 748
1 531
-
unemployment
642
512
449
-
total
6 313
4 351
4 064
-
Employer
21 405
17 069
17 069
-
accident
278
222
194
-
other
1 017
810
792
-
chamber of commerce
85
68
68
-
unemployment
642
512
449
-
surtax
85
85
85
-
pensions
2 686
2 143
1 877
-
payroll
642
512
512
-
health
809
645
566
-
total
6 244
4 997
4 543
-
Corporate
1 626
1 626
13 332
-
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.

406
406
3 333
-
total
406
406
3 333
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
12 963
9 754
11 940
8 597
After tax
6 537
9 746
7 560
10 903
Living cost
15 092
15 092
15 092
15 092
Free-cash
-8 555
-5 346
-7 532
-4 189

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
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.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4595
-₴20056
-₴4433
-₴6912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
national
-
-
-
5 471
communal

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

-
-
-
1 063
social contributions
-
-
-
1 782
total
-
-
-
8 316
Employee

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

30 637
-
15 103
-
communal

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

1 598
-
788
-
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.

1 439
-
710
-
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.

2 298
-
1 133
-
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.

267
-
132
-
national
9 419
-
3 635
-
total
15 021
-
6 398
-
Employer

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

30 637
-
15 103
-
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.

398
-
197
-
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.

447
-
220
-
surtax
3 474
-
1 713
-
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.

2 715
-
1 338
-
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.

1 884
-
929
-
total
8 918
-
4 397
-
Corporate
-
19 500
-
-
surtax
-
78
-
-
income
-
3 900
-
-
total
-
3 978
-
-
Dividends
-
15 522
-
-
withholding

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

-
4 500
-
-
total
-
4 500
-
-
Income
19 500
19 500
19 500
19 500
Total tax
23 939
8 478
10 795
8 316
After tax
-4 439
11 022
8 705
11 184
Living cost
15 617
15 617
15 617
15 617
Free-cash
-20 056
-4 595
-6 912
-4 433

Estimated living cost  is ₴15617 per week

₴10059
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.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2276
-₴8616
-₴4589
-₴4439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
accident
-
-
-
176
income
-
-
-
2 770
pensions
-
-
-
5 518
other
-
-
-
20
unemployment
-
-
-
137
total
-
-
-
8 621
Employee
21 320
-
14 787
-
other
21
-
15
-
income
4 498
-
2 818
-
pensions
1 002
-
695
-
unemployment
331
-
229
-
total
5 852
-
3 757
-
Employer
21 320
-
14 787
-
accident
422
-
293
-
other
170
-
118
-
unemployment
1 173
-
814
-
pensions
5 031
-
3 489
-
total
6 796
-
4 714
-
Corporate
-
19 500
-
-
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.

-
2 925
-
-
total
-
2 925
-
-
Dividends
-
16 575
-
-
withholding
-
3 383
-
-
total
-
3 383
-
-
Income
19 500
19 500
19 500
19 500
Total tax
12 648
6 308
8 471
8 621
After tax
6 852
13 192
11 029
10 879
Living cost
15 468
15 468
15 468
15 468
Free-cash
-8 616
-2 276
-4 439
-4 589

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11007
-₴16810
-₴10265
-₴10265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
accident
-
-
-
184
income
-
-
-
499
pensions
-
-
-
3 261
health
-
-
-
1 528
surtax
-
-
-
1 017
communal
-
-
-
-
total
-
-
-
6 489
Employee
32 436
-
17 064
-
health
1 444
-
907
-
surtax
1 988
-
1 017
-
income
3 133
-
499
-
pensions
2 594
-
1 630
-
total
9 159
-
4 053
-
Employer
32 436
-
17 064
-
accident
292
-
184
-
pensions
2 594
-
1 630
-
health
989
-
622
-
total
3 875
-
2 436
-
Corporate
-
19 500
-
-
surtax
-
205
-
-
communal
-
1 316
-
-
income
-
2 925
-
-
total
-
4 446
-
-
Dividends
-
15 054
-
-
income
-
527
-
-
withholding
-
2 258
-
-
total
-
2 785
-
-
Income
19 500
19 500
19 500
19 500
Total tax
13 034
7 231
6 489
6 489
After tax
6 466
12 269
13 011
13 011
Living cost
23 276
23 276
23 276
23 276
Free-cash
-16 810
-11 007
-10 265
-10 265

Estimated living cost  is ₴23276 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴2646
₴1283
₴1578
₴1101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 824
pensions
-
-
-
3 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 384
surtax
-
-
-
96
total
-
-
-
8 302
Employee
14 424
-
16 109
-
other
-
-
-
-
health
368
-
410
-
surtax
51
-
82
-
income
2 418
-
2 701
-
pensions
962
-
1 075
-
unemployment
1 004
-
1 121
-
total
4 803
-
5 389
-
Employer
14 424
-
16 109
-
other
-
-
-
-
unemployment
458
-
510
-
pensions
1 923
-
2 147
-
health
656
-
733
-
total
3 037
-
3 390
-
Corporate
2 039
19 500
-
-
income
530
5 070
-
-
total
530
5 070
-
-
Dividends
1 509
14 430
-
-
withholding
227
2 164
-
-
total
227
2 164
-
-
Income
19 500
19 500
19 500
19 500
Total tax
8 597
7 234
8 779
8 302
After tax
10 903
12 266
10 721
11 198
Living cost
9 620
9 620
9 620
9 620
Free-cash
1 283
2 646
1 101
1 578

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1289
-₴4260
-₴887
-₴1981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
municipal
-
-
-
116
regional
-
-
-
294
national
-
-
-
3 424
social contributions
-
-
-
5 015
total
-
-
-
8 849
Employee
23 759
-
19 500
-
social contributions
8 012
-
6 576
-
regional
320
-
262
-
municipal
126
-
103
-
national
3 764
-
3 002
-
total
12 222
-
9 943
-
Employer
23 759
-
19 500
-
total
-
-
-
-
Corporate
-
19 500
-
-
nationa
-
4 680
-
-
municipal
-
969
-
-
total
-
5 649
-
-
Dividends
-
13 851
-
-
withholding
-
3 602
-
-
total
-
3 602
-
-
Income
19 500
19 500
19 500
19 500
Total tax
12 222
9 251
9 943
8 849
After tax
7 278
10 249
9 557
10 651
Living cost
11 538
11 538
11 538
11 538
Free-cash
-4 260
-1 289
-1 981
-887

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴785
-₴5410
-₴3143
-₴2746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
1 676
health
-
-
-
2 632
solidarity contribution
-
-
-
-
social contributions
-
-
-
5 694
total
-
-
-
10 002
Employee
18 589
-
14 552
-
social contributions
1 208
-
946
-
health
2 510
-
1 965
-
solidarity contribution
-
-
-
-
income
2 231
-
1 746
-
total
5 949
-
4 657
-
Employer
18 589
-
14 552
-
social contributions
4 647
-
3 638
-
health
1 673
-
1 310
-
total
6 320
-
4 948
-
Corporate
-
19 500
-
-
income
-
3 705
-
-
total
-
3 705
-
-
Dividends
-
15 795
-
-
withholding
-
2 369
-
-
total
-
2 369
-
-
Income
19 500
19 500
19 500
19 500
Total tax
12 269
6 074
9 605
10 002
After tax
7 231
13 426
9 895
9 498
Living cost
12 641
12 641
12 641
12 641
Free-cash
-5 410
785
-2 746
-3 143

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3834
-₴5018
-₴2677
-₴6061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
chamber of commerce
-
-
-
78
income
-
-
-
709
pensions
-
-
-
3 607
unemployment
-
-
-
2 627
health
-
-
-
1 491
surtax
-
-
-
-
total
-
-
-
8 512
Employee
18 723
17 069
17 069
-
other
187
171
150
-
health
724
661
581
-
income
1 668
1 259
1 352
-
pensions
1 917
1 748
1 539
-
unemployment
562
512
451
-
total
5 058
4 351
4 073
-
Employer
18 723
17 069
17 069
-
accident
243
222
195
-
other
889
810
793
-
chamber of commerce
75
68
68
-
unemployment
562
512
451
-
surtax
-
-
-
-
pensions
2 350
2 143
1 886
-
payroll
562
512
512
-
health
708
645
568
-
total
5 389
4 912
4 473
-
Corporate
1 626
1 626
13 401
-
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.

406
406
3 350
-
total
406
406
3 350
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
10 853
9 669
11 896
8 512
After tax
8 647
9 831
7 604
10 988
Living cost
13 665
13 665
13 665
13 665
Free-cash
-5 018
-3 834
-6 061
-2 677

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
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.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12520
₴11394
₴13300
₴9595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
19 500
microenterprise

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

-
-
-
195
total
-
-
-
195
Employee
7 506
-
19 500
-
income
1 501
-
3 900
-
total
1 501
-
3 900
-
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%.

11 994
19 500
-
-
total
-
-
-
-
Dividends
11 994
19 500
-
-
withholding
600
975
-
-
total
600
975
-
-
Income
19 500
19 500
19 500
19 500
Total tax
2 101
975
3 900
195
After tax
17 399
18 525
15 600
19 305
Living cost
6 005
6 005
6 005
6 005
Free-cash
11 394
12 520
9 595
13 300

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1938
-₴2388
-₴558
-₴1176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
income
-
-
-
3 061
pensions
-
-
-
3 561
unemployment
-
-
-
29
health
-
-
-
1 919
total
-
-
-
8 570
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.

18 940
-
16 873
-
health
1 223
-
1 090
-
income
3 266
-
2 831
-
pensions
2 936
-
2 616
-
unemployment
27
-
24
-
total
7 452
-
6 561
-
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.

18 940
-
16 873
-
unemployment
11
-
10
-
pensions
1 676
-
1 493
-
health
1 261
-
1 124
-
total
2 948
-
2 627
-
Corporate
-
19 500
-
-
income
-
3 705
-
-
total
-
3 705
-
-
Dividends
-
15 795
-
-
withholding
-
2 369
-
-
total
-
2 369
-
-
Income
19 500
19 500
19 500
19 500
Total tax
10 400
6 074
9 188
8 570
After tax
9 100
13 426
10 312
10 930
Living cost
11 488
11 488
11 488
11 488
Free-cash
-2 388
1 938
-1 176
-558

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6632
-₴44415
-₴5020
-₴4635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
3 801
social contributions
-
-
-
2 223
total
-
-
-
6 024
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
19 500
-
-
income
-
4 290
-
-
total
-
4 290
-
-
Dividends
-
15 210
-
-
income
-
3 346
-
-
total
-
3 346
-
-
Income
19 500
19 500
19 500
19 500
Total tax
45 419
7 636
5 639
6 024
After tax
-25 919
11 864
13 861
13 476
Living cost
18 496
18 496
18 496
18 496
Free-cash
-44 415
-6 632
-4 635
-5 020

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2344
-₴4877
-₴2026
-₴2440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
income
-
-
-
1 315
surtax
-
-
-
-
social contributions

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

-
-
-
6 776
total
-
-
-
8 091
Employee
19 699
-
15 758
-
social contributions
2 167
-
1 734
-
surtax
-
-
-
-
income
4 097
-
3 029
-
total
6 264
-
4 763
-
Employer
19 699
-
15 758
-
social contributions
4 678
-
3 742
-
total
4 678
-
3 742
-
Corporate
-
19 500
-
-
surtax
-
-
-
-
income
-
4 095
-
-
total
-
4 095
-
-
Dividends
-
15 405
-
-
withholding
-
4 314
-
-
total
-
4 314
-
-
Income
19 500
19 500
19 500
19 500
Total tax
10 942
8 409
8 505
8 091
After tax
8 558
11 091
10 995
11 409
Living cost
13 435
13 435
13 435
13 435
Free-cash
-4 877
-2 344
-2 440
-2 026

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10859
-₴15705
-₴8887
-₴8592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
619
pensions
-
-
-
5 751
other
-
-
-
605
health
-
-
-
169
surtax
-
-
-
-
social contributions
-
-
-
556
total
-
-
-
7 700
Employee
26 826
-
14 860
-
social contributions
764
-
423
-
surtax
-
-
-
-
income
2 341
-
662
-
pensions
3 034
-
1 680
-
total
6 139
-
2 765
-
Employer
26 826
-
14 860
-
other
926
-
513
-
social contributions
80
-
45
-
unemployment
1 087
-
601
-
pensions
4 408
-
2 441
-
health
1 878
-
1 040
-
total
8 379
-
4 640
-
Corporate
-
19 500
-
-
surtax
-
-
-
-
income
-
5 460
-
-
total
-
5 460
-
-
Dividends
-
14 040
-
-
surtax
-
-
-
-
social contributions
-
2 415
-
-
withholding
-
1 797
-
-
total
-
4 212
-
-
Income
19 500
19 500
19 500
19 500
Total tax
14 518
9 672
7 405
7 700
After tax
4 982
9 828
12 095
11 800
Living cost
20 687
20 687
20 687
20 687
Free-cash
-15 705
-10 859
-8 592
-8 887

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴4675
₴3237
₴2335
₴2911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
-
social contributions
-
-
-
4 290
total
-
-
-
4 290
Employee
13 770
-
16 883
-
income
-
-
-
-
social contributions
895
-
1 097
-
total
895
-
1 097
-
Employer
13 770
-
16 883
-
social contributions
2 134
-
2 617
-
total
2 134
-
2 617
-
Corporate
3 596
19 500
-
-
income
359
1 950
-
-
total
359
1 950
-
-
Dividends
3 237
17 550
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
3 388
1 950
3 714
4 290
After tax
16 112
17 550
15 786
15 210
Living cost
12 875
12 875
12 875
12 875
Free-cash
3 237
4 675
2 911
2 335

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴73861
-₴73861
-₴7650
-₴73861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
municipal
-
-
-
2 900
pensions
-
-
-
371
national
-
-
-
1 712
labour market
-
-
-
1 530
total
-
-
-
6 513
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
72 724
72 724
72 724
6 513
After tax
-53 224
-53 224
-53 224
12 987
Living cost
20 637
20 637
20 637
20 637
Free-cash
-73 861
-73 861
-73 861
-7 650

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴7649
₴165
₴4303
₴1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
accident
-
-
-
108
income
-
-
-
3 004
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
5 969
Employee
14 517
-
16 199
-
health
1 662
-
1 855
-
income
1 992
-
2 222
-
pensions
1 635
-
1 824
-
total
5 289
-
5 901
-
Employer
14 517
-
16 199
-
accident
242
-
271
-
unemployment
356
-
397
-
pensions
2 360
-
2 634
-
total
2 958
-
3 302
-
Corporate
2 025
19 500
-
-
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.

1 822
17 550
-
-
total
1 822
17 550
-
-
Dividends
202
1 950
-
-
withholding
38
371
-
-
total
38
371
-
-
Income
19 500
19 500
19 500
19 500
Total tax
10 107
17 921
9 203
5 969
After tax
9 393
1 579
10 297
13 531
Living cost
9 228
9 228
9 228
9 228
Free-cash
165
-7 649
1 069
4 303

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2950
-₴7286
-₴858
-₴4202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
19 500
municipal
-
-
-
3 488
health
-
-
-
122
national
-
-
-
304
total
-
-
-
3 914
Employee
22 534
-
16 405
-
health
168
-
74
-
municipal
3 691
-
2 696
-
pensions
1 521
-
1 107
-
unemployment
338
-
246
-
national
372
-
41
-
total
6 090
-
4 164
-
Employer
22 534
-
16 405
-
accident
23
-
16
-
unemployment
146
-
106
-
pensions
3 910
-
2 846
-
health
173
-
126
-
total
4 252
-
3 094
-
Corporate
-
19 500
-
-
income
-
3 900
-
-
total
-
3 900
-
-
Dividends

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

-
11 700
-
-
national
-
-
-
-
municipal
-
2 106
-
-
total
-
2 106
-
-
Income
19 500
19 500
19 500
19 500
Total tax
10 342
6 006
7 258
3 914
After tax
9 158
13 494
12 242
15 586
Living cost
16 444
16 444
16 444
16 444
Free-cash
-7 286
-2 950
-4 202
-858

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴102
₴2162
₴6022
₴2508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
22
health
-
-
-
497
social contributions
-
-
-
3 042
total
-
-
-
3 561
Employee
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 470
-
health
255
560
301
-
income
3 586
3 049
3 506
-
total
5 086
6 342
5 277
-
Employer
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 470
-
health
277
610
328
-
total
1 522
3 343
1 798
-
Corporate
2 974
-
-
-
income
371
-
-
-
total
371
-
-
-
Dividends
2 603
-
-
-
withholding
442
-
-
-
total
442
-
-
-
Income
19 500
19 500
19 500
19 500
Total tax
7 421
9 685
7 075
3 561
After tax
12 079
9 815
12 425
15 939
Living cost
9 917
9 917
9 917
9 917
Free-cash
2 162
-102
2 508
6 022

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴9348
₴7168
₴6891
₴5308
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 500
income
-
-
-
1 522
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
5 809
Employee

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

9 831
-
17 679
-
health
836
-
1 503
-
income
672
-
1 327
-
pensions
1 474
-
2 652
-
unemployment
49
-
89
-
total
3 031
-
5 571
-
Employer

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

9 831
-
17 679
-
unemployment
49
-
89
-
pensions
541
-
972
-
health
423
-
760
-
total
1 013
-
1 821
-
Corporate
8 657
19 500
-
-
income
779
1 755
-
-
total
779
1 755
-
-
Dividends
7 877
17 745
-
-
withholding
709
1 597
-
-
total
709
1 597
-
-
Income
19 500
19 500
19 500
19 500
Total tax
5 532
3 352
7 392
5 809
After tax
13 968
16 148
12 108
13 691
Living cost
6 800
6 800
6 800
6 800
Free-cash
7 168
9 348
5 308
6 891

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1414
-₴1385
-₴899
-₴749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
accident
-
-
-
176
income
-
-
-
2 770
pensions
-
-
-
5 518
other
-
-
-
20
unemployment
-
-
-
137
total
-
-
-
8 621
Employee
15 837
-
14 787
-
other
15
-
15
-
income
3 053
-
2 818
-
pensions
745
-
695
-
unemployment
245
-
229
-
total
4 058
-
3 757
-
Employer
15 837
-
14 787
-
accident
314
-
293
-
other
127
-
118
-
unemployment
871
-
814
-
pensions
3 737
-
3 489
-
total
5 049
-
4 714
-
Corporate
-
19 500
-
-
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.

-
2 925
-
-
total
-
2 925
-
-
Dividends
-
16 575
-
-
withholding
-
3 383
-
-
total
-
3 383
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 107
6 308
8 471
8 621
After tax
10 393
13 192
11 029
10 879
Living cost
11 778
11 778
11 778
11 778
Free-cash
-1 385
1 414
-749
-899

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
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.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10998
₴10805
₴10818
₴10736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
6 040
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
7 512
Employee
1 782
-
18 540
-
health
89
-
213
-
income
345
-
5 995
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
6 635
-
Employer
1 782
-
18 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
17 317
19 500
-
-
income
3 810
4 290
-
-
total
3 810
4 290
-
-
Dividends
13 508
15 210
-
-
withholding
2 702
3 042
-
-
total
2 702
3 042
-
-
Income
19 500
19 500
19 500
19 500
Total tax
7 525
7 332
7 594
7 512
After tax
11 975
12 168
11 906
11 988
Living cost
1 170
1 170
1 170
1 170
Free-cash
10 805
10 998
10 736
10 818

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6681
₴4573
₴2387
₴3224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
income
-
-
-
2 335
pensions
-
-
-
5 070
unemployment
-
-
-
292
health
-
-
-
2 008
total
-
-
-
9 705
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.

11 170
-
16 539
-
health
575
-
852
-
income
1 540
-
2 615
-
pensions
1 564
-
2 316
-
unemployment
84
-
124
-
total
3 763
-
5 907
-
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.

11 170
-
16 539
-
unemployment
84
-
124
-
pensions
1 340
-
1 985
-
health
575
-
852
-
total
1 999
-
2 961
-
Corporate
6 330
19 500
-
-
income
950
2 925
-
-
total
950
2 925
-
-
Dividends
5 381
16 575
-
-
withholding
807
2 486
-
-
total
807
2 486
-
-
Income
19 500
19 500
19 500
19 500
Total tax
7 519
5 411
8 868
9 705
After tax
11 981
14 089
10 632
9 795
Living cost
7 408
7 408
7 408
7 408
Free-cash
4 573
6 681
3 224
2 387

Estimated living cost  is ₴7408 per week

₴4988
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.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴456
-₴1072
-₴138
-₴552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
income
-
-
-
1 315
surtax
-
-
-
-
social contributions

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

-
-
-
6 776
total
-
-
-
8 091
Employee
16 624
-
15 758
-
social contributions
1 829
-
1 734
-
surtax
-
-
-
-
income
3 248
-
3 029
-
total
5 077
-
4 763
-
Employer
16 624
-
15 758
-
social contributions
3 948
-
3 742
-
total
3 948
-
3 742
-
Corporate
-
19 500
-
-
surtax
-
-
-
-
income
-
4 095
-
-
total
-
4 095
-
-
Dividends
-
15 405
-
-
withholding
-
4 314
-
-
total
-
4 314
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 025
8 409
8 505
8 091
After tax
10 475
11 091
10 995
11 409
Living cost
11 547
11 547
11 547
11 547
Free-cash
-1 072
-456
-552
-138

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1861
-₴7781
-₴4174
-₴4024
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
accident
-
-
-
176
income
-
-
-
2 770
pensions
-
-
-
5 518
other
-
-
-
20
unemployment
-
-
-
137
total
-
-
-
8 621
Employee
20 686
-
14 787
-
other
20
-
15
-
income
4 320
-
2 818
-
pensions
972
-
695
-
unemployment
320
-
229
-
total
5 632
-
3 757
-
Employer
20 686
-
14 787
-
accident
410
-
293
-
other
166
-
118
-
unemployment
1 138
-
814
-
pensions
4 882
-
3 489
-
total
6 596
-
4 714
-
Corporate
-
19 500
-
-
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.

-
2 925
-
-
total
-
2 925
-
-
Dividends
-
16 575
-
-
withholding
-
3 383
-
-
total
-
3 383
-
-
Income
19 500
19 500
19 500
19 500
Total tax
12 228
6 308
8 471
8 621
After tax
7 272
13 192
11 029
10 879
Living cost
15 053
15 053
15 053
15 053
Free-cash
-7 781
-1 861
-4 024
-4 174

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴9301
₴6689
₴5205
₴5366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 925
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
6 923
Employee
9 762
-
16 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
1 656
-
pensions

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

857
-
1 314
-
total
2 389
-
3 824
-
Employer
9 762
-
16 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
7 822
19 500
-
-
income
782
1 950
-
-
total
782
1 950
-
-
Dividends
7 040
17 550
-
-
withholding
352
877
-
-
total
352
877
-
-
Income
19 500
19 500
19 500
19 500
Total tax
5 439
2 827
6 762
6 923
After tax
14 061
16 673
12 738
12 577
Living cost
7 372
7 372
7 372
7 372
Free-cash
6 689
9 301
5 366
5 205

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6408
-₴1811
-₴1292
-₴1292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
trade
-
-
-
-
income

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

-
-
-
1 261
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.

-
-
-
2 926
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.

-
-
-
69
total
-
-
-
4 256
Employee

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

21 311
-
19 500
-
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.

2 926
-
2 926
-
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.

97
-
69
-
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.

1 752
-
1 261
-
total
4 775
-
4 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
19 500
-
-
surtax

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

-
161
-
-
income
-
2 925
-
-
trade
-
2 798
-
-
chamber of commerce
-
93
-
-
total
-
5 977
-
-
Dividends
-
13 522
-
-
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.

-
177
-
-
withholding
-
3 218
-
-
total
-
3 395
-
-
Income
19 500
19 500
19 500
19 500
Total tax
4 775
9 372
4 256
4 256
After tax
14 725
10 128
15 244
15 244
Living cost
16 536
16 536
16 536
16 536
Free-cash
-1 811
-6 408
-1 292
-1 292

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10749
-₴14004
-₴8701
-₴8701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
2 559
social contributions
-
-
-
1 243
total
-
-
-
3 802
Employee
33 504
-
19 500
-
income
6 322
-
2 559
-
social contributions
2 783
-
1 243
-
total
9 105
-
3 802
-
Employer
33 504
-
19 500
-
total
-
-
-
-
Corporate
-
19 500
-
-
income
-
2 438
-
-
total
-
2 438
-
-
Dividends
-
17 062
-
-
withholding
-
3 412
-
-
total
-
3 412
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 105
5 850
3 802
3 802
After tax
10 395
13 650
15 698
15 698
Living cost
24 399
24 399
24 399
24 399
Free-cash
-14 004
-10 749
-8 701
-8 701

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4774
-₴3397
-₴11101
-₴1299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
17 724
-
income
2 132
-
1 699
-
social contributions
1 969
-
1 776
-
total
4 101
-
3 475
-
Employer
19 648
-
17 724
-
social contributions
1 969
-
1 776
-
total
1 969
-
1 776
-
Corporate
-
19 500
-
-
income
-
6 825
-
-
total
-
6 825
-
-
Dividends
-
12 675
-
-
social contributions
1 279
1 901
-
-
total
1 279
1 901
-
-
Income
19 500
19 500
19 500
19 500
Total tax
7 349
8 726
5 251
15 053
After tax
12 151
10 774
14 249
4 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
-3 397
-4 774
-1 299
-11 101

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1355
-₴5045
-₴1195
-₴2998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
income
-
-
-
3 693
pensions
-
-
-
1 037
total
-
-
-
4 730
Employee
21 914
-
17 555
-
health
286
-
196
-
income
3 991
-
3 242
-
pensions
1 673
-
1 150
-
total
5 950
-
4 588
-
Employer
21 914
-
17 555
-
pensions
2 214
-
1 612
-
health
416
-
333
-
total
2 630
-
1 945
-
Corporate
-
19 500
-
-
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.

-
3 705
-
-
total
-
3 705
-
-
Dividends
-
15 795
-
-
withholding
-
1 185
-
-
total
-
1 185
-
-
Income
19 500
19 500
19 500
19 500
Total tax
8 580
4 890
6 533
4 730
After tax
10 920
14 610
12 967
14 770
Living cost
15 965
15 965
15 965
15 965
Free-cash
-5 045
-1 355
-2 998
-1 195

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8563
₴23
₴3389
₴155
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
accident
-
-
-
108
income
-
-
-
3 004
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
5 969
Employee
15 954
-
16 199
-
health
1 827
-
1 855
-
income
2 189
-
2 222
-
pensions
1 796
-
1 824
-
total
5 812
-
5 901
-
Employer
15 954
-
16 199
-
accident
266
-
271
-
unemployment
391
-
397
-
pensions
2 594
-
2 634
-
total
3 251
-
3 302
-
Corporate
295
19 500
-
-
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.

266
17 550
-
-
total
266
17 550
-
-
Dividends
30
1 950
-
-
withholding
6
371
-
-
total
6
371
-
-
Income
19 500
19 500
19 500
19 500
Total tax
9 335
17 921
9 203
5 969
After tax
10 165
1 579
10 297
13 531
Living cost
10 142
10 142
10 142
10 142
Free-cash
23
-8 563
155
3 389

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10790
₴8708
₴5983
₴5983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 500
work injury
-
-
-
98
health insurance
-
-
-
1 443
income
-
-
-
2 369
pensions
-
-
-
3 588
unemployment
-
-
-
234
total
-
-
-
7 732
Employee

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

9 257
-
19 500
-
work injury
46
-
98
-
income
926
-
2 369
-
pensions
1 703
-
3 588
-
health insurance
685
-
1 443
-
unemployment
111
-
234
-
total
3 471
-
7 732
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 243
19 500
-
-
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
10 243
19 500
-
-
withholding
1 536
2 925
-
-
total
1 536
2 925
-
-
Income
19 500
19 500
19 500
19 500
Total tax
5 007
2 925
7 732
7 732
After tax
14 493
16 575
11 768
11 768
Living cost
5 785
5 785
5 785
5 785
Free-cash
8 708
10 790
5 983
5 983

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6792
-₴16592
-₴6406
-₴7488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 500
municipal
-
-
-
130
regional
-
-
-
274
national
-
-
-
3 424
social contributions
-
-
-
5 015
total
-
-
-
8 843
Employee
36 092
-
19 500
-
social contributions
12 170
-
6 576
-
regional
545
-
231
-
municipal
215
-
116
-
national
6 099
-
3 002
-
total
19 029
-
9 925
-
Employer
36 092
-
19 500
-
total
-
-
-
-
Corporate
-
19 500
-
-
nationa
-
4 680
-
-
municipal
-
940
-
-
total
-
5 620
-
-
Dividends
-
13 880
-
-
withholding
-
3 609
-
-
total
-
3 609
-
-
Income
19 500
19 500
19 500
19 500
Total tax
19 029
9 229
9 925
8 843
After tax
471
10 271
9 575
10 657
Living cost
17 063
17 063
17 063
17 063
Free-cash
-16 592
-6 792
-7 488
-6 406

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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