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
₴ 20000
per

Your estimated
City
free-cash

Dresden , Germany
-₴2794
₴1943
₴2615
₴2629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
trade
-
-
-
14
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.

-
-
-
1 396
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.

-
-
-
76
total
-
-
-
4 412
Employee

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

16 382
-
20 000
-
health

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

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

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
-
76
-
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
-
1 396
-
total
3 409
-
4 398
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 618
20 000
-
-
surtax

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

30
165
-
-
income
543
3 000
-
-
trade
570
3 150
-
-
chamber of commerce
70
93
-
-
total
1 213
6 408
-
-
Dividends
2 405
13 592
-
-
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.

24
178
-
-
withholding
438
3 235
-
-
total
462
3 413
-
-
Income
20 000
20 000
20 000
20 000
Total tax
5 084
9 821
4 398
4 412
After tax
14 916
10 179
15 602
15 588
Living cost
12 973
12 973
12 973
12 973
Free-cash
1 943
-2 794
2 629
2 615

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
-₴9163
-₴16596
-₴8847
-₴8690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
municipal
-
-
-
1 800
pensions
-
-
-
2 400
national
-
-
-
2 789
social contributions
-
-
-
215
total
-
-
-
7 204
Employee
33 550
-
17 290
-
municipal
4 144
-
1 877
-
pensions
1 342
-
692
-
national
6 422
-
2 909
-
total
11 908
-
5 478
-
Employer
33 550
-
17 290
-
social contributions
361
-
186
-
pensions
2 684
-
1 383
-
total
3 045
-
1 569
-
Corporate
-
20 000
-
-
income

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

-
4 000
-
-
total
-
4 000
-
-
Dividends
-
16 000
-
-
withholding
-
3 520
-
-
total
-
3 520
-
-
Income
20 000
20 000
20 000
20 000
Total tax
14 953
7 520
7 047
7 204
After tax
5 047
12 480
12 953
12 796
Living cost
21 643
21 643
21 643
21 643
Free-cash
-16 596
-9 163
-8 690
-8 847

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
₴7089
₴3575
₴6741
₴2564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
microenterprise
-
-
-
3 000
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 348
total
-
-
-
4 348
Employee
12 516
-
16 117
-
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
-
1 773
-
surtax
-
-
-
-
income
2 228
-
2 869
-
total
3 605
-
4 642
-
Employer
12 516
-
16 117
-
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
-
3 883
-
surtax
-
-
-
-
total
3 015
-
3 883
-
Corporate
4 470
20 000
-
-
income

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

894
4 000
-
-
total
894
4 000
-
-
Dividends

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

3 576
16 000
-
-
total
-
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
7 514
4 000
8 525
4 348
After tax
12 486
16 000
11 475
15 652
Living cost
8 911
8 911
8 911
8 911
Free-cash
3 575
7 089
2 564
6 741

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
-₴20128
-₴22533
-₴6463
-₴22533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
1 850
pensions
-
-
-
3 600
health
-
-
-
3 070
total
-
-
-
8 520
Employee
36 577
36 577
36 577
-
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
36 577
36 577
36 577
-
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
20 000
20 000
20 000
20 000
Total tax
24 590
22 185
24 590
8 520
After tax
-4 590
-2 185
-4 590
11 480
Living cost
17 943
17 943
17 943
17 943
Free-cash
-22 533
-20 128
-22 533
-6 463

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
-₴5629
-₴10990
-₴6579
-₴5868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
municipal
-
-
-
4 236
accident
-
-
-
40
pensions
-
-
-
2 162
other
-
-
-
2 324
unemployment
-
-
-
20
health
-
-
-
1 248
national
-
-
-
-
total
-
-
-
10 030
Employee
23 581
-
15 218
-
municipal
7 032
-
4 538
-
national
-
-
-
-
total
7 032
-
4 538
-
Employer
23 581
-
15 218
-
accident
47
-
30
-
other
2 740
-
1 768
-
unemployment
623
-
402
-
pensions
2 549
-
1 645
-
health
1 450
-
936
-
total
7 409
-
4 781
-
Corporate
-
20 000
-
-
income
-
4 400
-
-
total
-
4 400
-
-
Dividends
-
15 600
-
-
withholding
-
4 680
-
-
total
-
4 680
-
-
Income
20 000
20 000
20 000
20 000
Total tax
14 441
9 080
9 319
10 030
After tax
5 559
10 920
10 681
9 970
Living cost
16 549
16 549
16 549
16 549
Free-cash
-10 990
-5 629
-5 868
-6 579

Estimated living cost  is ₴16549 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
-₴6750
-₴1720
-₴1238
-₴1224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
trade
-
-
-
14
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.

-
-
-
1 396
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.

-
-
-
76
total
-
-
-
4 412
Employee

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

21 721
-
20 000
-
health

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

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

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
-
76
-
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
-
1 396
-
total
4 894
-
4 398
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
20 000
-
-
surtax

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

-
165
-
-
income
-
3 000
-
-
trade
-
3 290
-
-
chamber of commerce
-
93
-
-
total
-
6 548
-
-
Dividends
-
13 451
-
-
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.

-
176
-
-
withholding
-
3 200
-
-
total
-
3 376
-
-
Income
20 000
20 000
20 000
20 000
Total tax
4 894
9 924
4 398
4 412
After tax
15 106
10 076
15 602
15 588
Living cost
16 826
16 826
16 826
16 826
Free-cash
-1 720
-6 750
-1 224
-1 238

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
-₴3577
-₴1236
₴2374
-₴1043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
104
health
-
-
-
510
social contributions
-
-
-
3 120
total
-
-
-
3 734
Employee
32 936
32 936
32 936
-
social contributions
1 600
2 733
1 507
-
health
328
560
309
-
income
3 459
3 049
3 492
-
total
5 387
6 342
5 308
-
Employer
32 936
32 936
32 936
-
social contributions
1 600
2 733
1 507
-
health
357
610
336
-
total
1 957
3 343
1 843
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
7 344
9 685
7 151
3 734
After tax
12 656
10 315
12 849
16 266
Living cost
13 892
13 892
13 892
13 892
Free-cash
-1 236
-3 577
-1 043
2 374

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
₴3569
₴3731
₴6073
₴3811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
2 445
pensions
-
-
-
2 000
unemployment
-
-
-
300
health
-
-
-
1 400
total
-
-
-
6 145
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
16 736
-
health
786
313
1 172
-
income
1 373
547
2 046
-
pensions
1 123
447
1 674
-
unemployment
169
67
251
-
total
3 451
1 374
5 143
-
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
16 736
-
pensions
2 191
872
3 264
-
total
2 191
872
3 264
-
Corporate
6 576
14 657
-
-
income
592
1 319
-
-
total
592
1 319
-
-
Dividends
5 984
13 338
-
-
social contributions
1 116
2 550
-
-
withholding
1 137
2 534
-
-
total
2 253
5 084
-
-
Income
20 000
20 000
20 000
20 000
Total tax
8 487
8 649
8 407
6 145
After tax
11 513
11 351
11 593
13 855
Living cost
7 782
7 782
7 782
7 782
Free-cash
3 731
3 569
3 811
6 073

Estimated living cost  is ₴7782 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
₴5655
₴2994
₴1162
₴1858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
1 893
pensions
-
-
-
4 000
health
-
-
-
2 600
total
-
-
-
8 493
Employee
12 151
-
14 948
-
income
1 368
-
2 207
-
pensions
243
-
299
-
unemployment
194
-
239
-
total
1 805
-
2 745
-
Employer
12 151
-
14 948
-
unemployment
98
-
119
-
pensions
2 430
-
2 990
-
health
1 579
-
1 943
-
total
4 107
-
5 052
-
Corporate
3 742
20 000
-
-
income
749
4 000
-
-
total
749
4 000
-
-
Dividends
2 994
16 000
-
-
total
-
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
6 661
4 000
7 797
8 493
After tax
13 339
16 000
12 203
11 507
Living cost
10 345
10 345
10 345
10 345
Free-cash
2 994
5 655
1 858
1 162

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
-₴7748
₴183
₴4501
₴1194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
accident
-
-
-
108
income
-
-
-
3 164
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
6 131
Employee
14 736
-
16 614
-
health
1 687
-
1 902
-
income
2 022
-
2 279
-
pensions
1 659
-
1 871
-
total
5 368
-
6 052
-
Employer
14 736
-
16 614
-
accident
246
-
278
-
unemployment
361
-
407
-
pensions
2 396
-
2 701
-
total
3 003
-
3 386
-
Corporate
2 261
20 000
-
-
income

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

2 035
18 000
-
-
total
2 035
18 000
-
-
Dividends
226
2 000
-
-
withholding
43
380
-
-
total
43
380
-
-
Income
20 000
20 000
20 000
20 000
Total tax
10 449
18 380
9 438
6 131
After tax
9 551
1 620
10 562
13 869
Living cost
9 368
9 368
9 368
9 368
Free-cash
183
-7 748
1 194
4 501

Estimated living cost  is ₴9368 per week

₴6866
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.
₴196
Clothing and shoes. We estimate one pair of shoes and 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

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
₴15146
₴14424
₴15946
₴12146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
20 000
microenterprise

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

-
-
-
200
total
-
-
-
200
Employee
4 817
-
20 000
-
income
963
-
4 000
-
total
963
-
4 000
-
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%.

15 183
20 000
-
-
total
-
-
-
-
Dividends
15 183
20 000
-
-
withholding
759
1 000
-
-
total
759
1 000
-
-
Income
20 000
20 000
20 000
20 000
Total tax
1 722
1 000
4 000
200
After tax
18 278
19 000
16 000
19 800
Living cost
3 854
3 854
3 854
3 854
Free-cash
14 424
15 146
12 146
15 946

Estimated living cost  is ₴3854 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
₴3281
₴390
-₴583
₴309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
2 540
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.

-
-
-
4 800
other
-
-
-
950
health
-
-
-
880
total
-
-
-
9 170
Employee
15 552
-
15 973
-
health
218
-
224
-
income
2 677
-
2 750
-
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
-
1 118
-
unemployment
155
-
160
-
total
4 138
-
4 252
-
Employer
15 552
-
15 973
-
accident
124
-
128
-
other
778
-
798
-
unemployment
155
-
160
-
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
-
2 716
-
health
218
-
224
-
total
3 919
-
4 026
-
Corporate
529
20 000
-
-
income
111
4 200
-
-
total
111
4 200
-
-
Dividends
418
15 800
-
-
withholding
29
1 106
-
-
total
29
1 106
-
-
Income
20 000
20 000
20 000
20 000
Total tax
8 197
5 306
8 278
9 170
After tax
11 803
14 694
11 722
10 830
Living cost
11 413
11 413
11 413
11 413
Free-cash
390
3 281
309
-583

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
-₴13759
-₴26242
-₴13609
-₴15480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
3 783
pensions
-
-
-
1 082
total
-
-
-
4 865
Employee
40 669
-
17 987
-
health
670
-
205
-
income
7 331
-
3 316
-
pensions
3 923
-
1 201
-
total
11 924
-
4 722
-
Employer
40 669
-
17 987
-
pensions
4 802
-
1 672
-
health
772
-
342
-
total
5 574
-
2 014
-
Corporate
-
20 000
-
-
income

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

-
3 800
-
-
total
-
3 800
-
-
Dividends
-
16 200
-
-
withholding
-
1 215
-
-
total
-
1 215
-
-
Income
20 000
20 000
20 000
20 000
Total tax
17 498
5 015
6 736
4 865
After tax
2 502
14 985
13 264
15 135
Living cost
28 744
28 744
28 744
28 744
Free-cash
-26 242
-13 759
-15 480
-13 609

Estimated living cost  is ₴28744 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
₴11481
₴9491
₴7383
₴7569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
3 000
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
-
-
-
6 998
Employee
7 440
-
17 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
1 706
-
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
-
3 874
-
Employer
7 440
-
17 063
-
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
11 100
20 000
-
-
income
1 110
2 000
-
-
total
1 110
2 000
-
-
Dividends
9 990
18 000
-
-
withholding
499
900
-
-
total
499
900
-
-
Income
20 000
20 000
20 000
20 000
Total tax
4 890
2 900
6 812
6 998
After tax
15 110
17 100
13 188
13 002
Living cost
5 619
5 619
5 619
5 619
Free-cash
9 491
11 481
7 569
7 383

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
-₴25936
-₴26663
-₴12271
-₴28341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
1 850
pensions
-
-
-
3 600
health
-
-
-
3 070
total
-
-
-
8 520
Employee
39 710
36 577
36 577
-
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
36 577
36 577
-
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
20 000
20 000
20 000
20 000
Total tax
22 912
22 185
24 590
8 520
After tax
-2 912
-2 185
-4 590
11 480
Living cost
23 751
23 751
23 751
23 751
Free-cash
-26 663
-25 936
-28 341
-12 271

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
₴3511
-₴217
-₴518
-₴109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
1 719
health
-
-
-
2 700
solidarity contribution
-
-
-
-
social contributions
-
-
-
5 840
total
-
-
-
10 259
Employee
15 086
-
14 925
-
social contributions
981
-
970
-
health
2 037
-
2 015
-
solidarity contribution
-
-
-
-
income
1 810
-
1 791
-
total
4 828
-
4 776
-
Employer
15 086
-
14 925
-
social contributions
3 772
-
3 731
-
health
1 358
-
1 343
-
total
5 130
-
5 074
-
Corporate
-
20 000
-
-
income
-
3 800
-
-
total
-
3 800
-
-
Dividends
-
16 200
-
-
withholding
-
2 430
-
-
total
-
2 430
-
-
Income
20 000
20 000
20 000
20 000
Total tax
9 958
6 230
9 850
10 259
After tax
10 042
13 770
10 150
9 741
Living cost
10 259
10 259
10 259
10 259
Free-cash
-217
3 511
-109
-518

Estimated living cost  is ₴10259 per week

₴7126
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
-₴7403
-₴18066
-₴7052
-₴8181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
municipal
-
-
-
119
regional
-
-
-
192
national
-
-
-
3 524
social contributions
-
-
-
5 144
total
-
-
-
8 979
Employee
38 066
-
20 000
-
social contributions
12 836
-
6 744
-
regional
359
-
167
-
municipal
202
-
106
-
national
6 596
-
3 091
-
total
19 993
-
10 108
-
Employer
38 066
-
20 000
-
total
-
-
-
-
Corporate
-
20 000
-
-
nationa
-
4 800
-
-
municipal
-
780
-
-
total
-
5 580
-
-
Dividends
-
14 420
-
-
withholding
-
3 750
-
-
total
-
3 750
-
-
Income
20 000
20 000
20 000
20 000
Total tax
19 993
9 330
10 108
8 979
After tax
7
10 670
9 892
11 021
Living cost
18 073
18 073
18 073
18 073
Free-cash
-18 066
-7 403
-8 181
-7 052

Estimated living cost  is ₴18073 per week

₴12599
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
₴3128
₴1795
₴2029
₴1537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
2 897
pensions
-
-
-
4 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 420
surtax
-
-
-
104
total
-
-
-
8 519
Employee
14 164
-
16 522
-
other
-
-
-
-
health
362
-
421
-
surtax
46
-
90
-
income
2 374
-
2 770
-
pensions
944
-
1 102
-
unemployment
986
-
1 150
-
total
4 712
-
5 533
-
Employer
14 164
-
16 522
-
other
-
-
-
-
unemployment
449
-
523
-
pensions
1 888
-
2 203
-
health
645
-
752
-
total
2 982
-
3 478
-
Corporate
2 854
20 000
-
-
income
742
5 200
-
-
total
742
5 200
-
-
Dividends
2 112
14 800
-
-
withholding
317
2 220
-
-
total
317
2 220
-
-
Income
20 000
20 000
20 000
20 000
Total tax
8 753
7 420
9 011
8 519
After tax
11 247
12 580
10 989
11 481
Living cost
9 452
9 452
9 452
9 452
Free-cash
1 795
3 128
1 537
2 029

Estimated living cost  is ₴9452 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
-₴4652
-₴10723
-₴4502
-₴6373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
3 783
pensions
-
-
-
1 082
total
-
-
-
4 865
Employee
27 255
-
17 987
-
health
396
-
205
-
income
4 909
-
3 316
-
pensions
2 313
-
1 201
-
total
7 618
-
4 722
-
Employer
27 255
-
17 987
-
pensions
2 950
-
1 672
-
health
518
-
342
-
total
3 468
-
2 014
-
Corporate
-
20 000
-
-
income

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

-
3 800
-
-
total
-
3 800
-
-
Dividends
-
16 200
-
-
withholding
-
1 215
-
-
total
-
1 215
-
-
Income
20 000
20 000
20 000
20 000
Total tax
11 086
5 015
6 736
4 865
After tax
8 914
14 985
13 264
15 135
Living cost
19 637
19 637
19 637
19 637
Free-cash
-10 723
-4 652
-6 373
-4 502

Estimated living cost  is ₴19637 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
-₴23227
-₴21494
-₴15337
-₴16510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
city
-
-
-
210
pensions
-
-
-
1 840
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.

-
-
-
400
regional
-
-
-
366
health
-
-
-
106
national
-
-
-
43
total
-
-
-
2 965
Employee
37 884
-
17 816
-
city
407
-
190
-
regional
1 241
-
299
-
health
86
-
40
-
pensions
3 183
-
1 591
-
unemployment
-
-
-
-
national
179
-
30
-
total
5 096
-
2 150
-
Employer
37 884
-
17 816
-
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
-
357
-
unemployment
-
-
-
-
pensions
3 183
-
1 591
-
health
86
-
40
-
total
4 026
-
1 988
-
Corporate
-
20 000
-
-
regional
-
4 230
-
-
national
-
1 700
-
-
total
-
5 930
-
-
Dividends
-
14 069
-
-
withholding
-
4 925
-
-
total
-
4 925
-
-
Income
20 000
20 000
20 000
20 000
Total tax
9 122
10 855
4 138
2 965
After tax
10 878
9 145
15 862
17 035
Living cost
32 372
32 372
32 372
32 372
Free-cash
-21 494
-23 227
-16 510
-15 337

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
-₴9648
-₴5741
-₴4034
-₴4019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
trade
-
-
-
15
income

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

-
-
-
1 396
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.

-
-
-
76
total
-
-
-
4 413
Employee

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

25 741
-
20 000
-
health

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

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

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
-
76
-
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
-
1 396
-
total
6 120
-
4 398
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
20 000
-
-
surtax

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

-
165
-
-
income
-
3 000
-
-
trade
-
3 430
-
-
chamber of commerce
-
93
-
-
total
-
6 688
-
-
Dividends
-
13 311
-
-
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.

-
174
-
-
withholding
-
3 165
-
-
total
-
3 339
-
-
Income
20 000
20 000
20 000
20 000
Total tax
6 120
10 027
4 398
4 413
After tax
13 880
9 973
15 602
15 587
Living cost
19 621
19 621
19 621
19 621
Free-cash
-5 741
-9 648
-4 019
-4 034

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
-₴4574
-₴4055
-₴2565
-₴2279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
666
pensions
-
-
-
5 882
other
-
-
-
620
health
-
-
-
173
surtax
-
-
-
-
social contributions
-
-
-
570
total
-
-
-
7 911
Employee
18 331
-
15 241
-
social contributions
523
-
434
-
surtax
-
-
-
-
income
1 082
-
708
-
pensions
2 073
-
1 724
-
total
3 678
-
2 866
-
Employer
18 331
-
15 241
-
other
632
-
526
-
social contributions
55
-
46
-
unemployment
742
-
617
-
pensions
3 011
-
2 503
-
health
1 283
-
1 067
-
total
5 723
-
4 759
-
Corporate
-
20 000
-
-
surtax
-
-
-
-
income
-
5 600
-
-
total
-
5 600
-
-
Dividends
-
14 400
-
-
surtax
-
-
-
-
social contributions
-
2 477
-
-
withholding
-
1 843
-
-
total
-
4 320
-
-
Income
20 000
20 000
20 000
20 000
Total tax
9 401
9 920
7 625
7 911
After tax
10 599
10 080
12 375
12 089
Living cost
14 654
14 654
14 654
14 654
Free-cash
-4 055
-4 574
-2 279
-2 565

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
-₴3122
-₴1474
-₴1113
-₴827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
666
pensions
-
-
-
5 882
other
-
-
-
620
health
-
-
-
173
surtax
-
-
-
-
social contributions
-
-
-
570
total
-
-
-
7 911
Employee
16 363
-
15 241
-
social contributions
467
-
434
-
surtax
-
-
-
-
income
844
-
708
-
pensions
1 851
-
1 724
-
total
3 162
-
2 866
-
Employer
16 363
-
15 241
-
other
565
-
526
-
social contributions
49
-
46
-
unemployment
662
-
617
-
pensions
2 689
-
2 503
-
health
1 145
-
1 067
-
total
5 110
-
4 759
-
Corporate
-
20 000
-
-
surtax
-
-
-
-
income
-
5 600
-
-
total
-
5 600
-
-
Dividends
-
14 400
-
-
surtax
-
-
-
-
social contributions
-
2 477
-
-
withholding
-
1 843
-
-
total
-
4 320
-
-
Income
20 000
20 000
20 000
20 000
Total tax
8 272
9 920
7 625
7 911
After tax
11 728
10 080
12 375
12 089
Living cost
13 202
13 202
13 202
13 202
Free-cash
-1 474
-3 122
-827
-1 113

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
₴3119
₴3299
₴3762
₴3080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
3 000
health
-
-
-
1 396
social contributions
-
-
-
2 760
total
-
-
-
7 156
Employee
14 522
-
20 000
-
social contributions
2 004
-
2 760
-
health
1 014
-
1 396
-
income
2 422
-
3 682
-
total
5 440
-
7 838
-
Employer
14 522
-
20 000
-
total
-
-
-
-
Corporate
5 478
20 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

274
1 000
-
-
total
274
1 000
-
-
Dividends
5 204
19 000
-
-
health
378
1 327
-
-
social contributions
747
2 622
-
-
withholding
780
2 850
-
-
total
1 905
6 799
-
-
Income
20 000
20 000
20 000
20 000
Total tax
7 619
7 799
7 838
7 156
After tax
12 381
12 201
12 162
12 844
Living cost
9 082
9 082
9 082
9 082
Free-cash
3 299
3 119
3 080
3 762

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
-₴4846
-₴8055
-₴3915
-₴7281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
chamber of commerce
-
-
-
80
income
-
-
-
801
pensions
-
-
-
3 700
unemployment
-
-
-
2 627
health
-
-
-
1 530
surtax
-
-
-
85
total
-
-
-
8 823
Employee
21 405
17 069
17 069
-
other
214
171
154
-
health
828
661
595
-
income
2 437
1 259
1 336
-
pensions
2 192
1 748
1 574
-
unemployment
642
512
461
-
total
6 313
4 351
4 120
-
Employer
21 405
17 069
17 069
-
accident
278
222
200
-
other
1 017
810
797
-
chamber of commerce
85
68
68
-
unemployment
642
512
461
-
surtax
85
85
85
-
pensions
2 686
2 143
1 929
-
payroll
642
512
512
-
health
809
645
581
-
total
6 244
4 997
4 633
-
Corporate
1 626
1 626
13 742
-
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
3 436
-
total
406
406
3 436
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
12 963
9 754
12 189
8 823
After tax
7 037
10 246
7 811
11 177
Living cost
15 092
15 092
15 092
15 092
Free-cash
-8 055
-4 846
-7 281
-3 915

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
-₴4317
-₴19556
-₴4221
-₴6730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
national
-
-
-
5 630
communal

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

-
-
-
1 087
social contributions
-
-
-
1 887
total
-
-
-
8 604
Employee

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

30 638
-
15 490
-
communal

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

1 598
-
808
-
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
-
728
-
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
-
1 162
-
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
-
135
-
national
9 419
-
3 770
-
total
15 021
-
6 603
-
Employer

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

30 638
-
15 490
-
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
-
202
-
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
-
226
-
surtax
3 474
-
1 757
-
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
-
1 372
-
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
-
953
-
total
8 918
-
4 510
-
Corporate
-
20 000
-
-
surtax
-
80
-
-
income
-
4 000
-
-
total
-
4 080
-
-
Dividends
-
15 920
-
-
withholding

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

-
4 620
-
-
total
-
4 620
-
-
Income
20 000
20 000
20 000
20 000
Total tax
23 939
8 700
11 113
8 604
After tax
-3 939
11 300
8 887
11 396
Living cost
15 617
15 617
15 617
15 617
Free-cash
-19 556
-4 317
-6 730
-4 221

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
-₴1940
-₴8117
-₴4322
-₴4168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
accident
-
-
-
180
income
-
-
-
2 854
pensions
-
-
-
5 660
other
-
-
-
20
unemployment
-
-
-
140
total
-
-
-
8 854
Employee
21 321
-
15 165
-
other
21
-
15
-
income
4 499
-
2 903
-
pensions
1 002
-
713
-
unemployment
331
-
235
-
total
5 853
-
3 866
-
Employer
21 321
-
15 165
-
accident
422
-
300
-
other
170
-
121
-
unemployment
1 173
-
834
-
pensions
5 031
-
3 579
-
total
6 796
-
4 834
-
Corporate
-
20 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
3 000
-
-
total
-
3 000
-
-
Dividends
-
17 000
-
-
withholding
-
3 472
-
-
total
-
3 472
-
-
Income
20 000
20 000
20 000
20 000
Total tax
12 649
6 472
8 700
8 854
After tax
7 351
13 528
11 300
11 146
Living cost
15 468
15 468
15 468
15 468
Free-cash
-8 117
-1 940
-4 168
-4 322

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
-₴10694
-₴16311
-₴9857
-₴9859
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
accident
-
-
-
184
income
-
-
-
555
pensions
-
-
-
3 261
health
-
-
-
1 528
surtax
-
-
-
1 052
communal
-
-
-
-
total
-
-
-
6 580
Employee
32 436
-
17 564
-
health
1 444
-
907
-
surtax
1 988
-
1 052
-
income
3 133
-
555
-
pensions
2 594
-
1 631
-
total
9 159
-
4 145
-
Employer
32 436
-
17 564
-
accident
292
-
184
-
pensions
2 594
-
1 631
-
health
989
-
622
-
total
3 875
-
2 437
-
Corporate
-
20 000
-
-
surtax
-
210
-
-
communal
-
1 350
-
-
income
-
3 000
-
-
total
-
4 560
-
-
Dividends
-
15 440
-
-
income
-
541
-
-
withholding
-
2 316
-
-
total
-
2 857
-
-
Income
20 000
20 000
20 000
20 000
Total tax
13 034
7 417
6 582
6 580
After tax
6 966
12 583
13 418
13 420
Living cost
23 277
23 277
23 277
23 277
Free-cash
-16 311
-10 694
-9 859
-9 857

Estimated living cost  is ₴23277 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
₴2960
₴1598
₴1861
₴1369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
2 897
pensions
-
-
-
4 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 420
surtax
-
-
-
104
total
-
-
-
8 519
Employee
14 424
-
16 522
-
other
-
-
-
-
health
368
-
421
-
surtax
51
-
90
-
income
2 418
-
2 770
-
pensions
962
-
1 102
-
unemployment
1 004
-
1 150
-
total
4 803
-
5 533
-
Employer
14 424
-
16 522
-
other
-
-
-
-
unemployment
458
-
523
-
pensions
1 923
-
2 203
-
health
656
-
752
-
total
3 037
-
3 478
-
Corporate
2 539
20 000
-
-
income
660
5 200
-
-
total
660
5 200
-
-
Dividends
1 879
14 800
-
-
withholding
282
2 220
-
-
total
282
2 220
-
-
Income
20 000
20 000
20 000
20 000
Total tax
8 782
7 420
9 011
8 519
After tax
11 218
12 580
10 989
11 481
Living cost
9 620
9 620
9 620
9 620
Free-cash
1 598
2 960
1 369
1 861

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
-₴1025
-₴3760
-₴627
-₴1748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
municipal
-
-
-
119
regional
-
-
-
302
national
-
-
-
3 524
social contributions
-
-
-
5 144
total
-
-
-
9 089
Employee
23 759
-
20 000
-
social contributions
8 012
-
6 744
-
regional
320
-
269
-
municipal
126
-
106
-
national
3 764
-
3 091
-
total
12 222
-
10 210
-
Employer
23 759
-
20 000
-
total
-
-
-
-
Corporate
-
20 000
-
-
nationa
-
4 800
-
-
municipal
-
994
-
-
total
-
5 794
-
-
Dividends
-
14 206
-
-
withholding
-
3 693
-
-
total
-
3 693
-
-
Income
20 000
20 000
20 000
20 000
Total tax
12 222
9 487
10 210
9 089
After tax
7 778
10 513
9 790
10 911
Living cost
11 538
11 538
11 538
11 538
Free-cash
-3 760
-1 025
-1 748
-627

Estimated living cost  is ₴11538 per week

₴7176
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
₴1129
-₴4911
-₴2900
-₴2491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
1 719
health
-
-
-
2 700
solidarity contribution
-
-
-
-
social contributions
-
-
-
5 840
total
-
-
-
10 259
Employee
18 590
-
14 925
-
social contributions
1 208
-
970
-
health
2 510
-
2 015
-
solidarity contribution
-
-
-
-
income
2 231
-
1 791
-
total
5 949
-
4 776
-
Employer
18 590
-
14 925
-
social contributions
4 648
-
3 731
-
health
1 673
-
1 343
-
total
6 321
-
5 074
-
Corporate
-
20 000
-
-
income
-
3 800
-
-
total
-
3 800
-
-
Dividends
-
16 200
-
-
withholding
-
2 430
-
-
total
-
2 430
-
-
Income
20 000
20 000
20 000
20 000
Total tax
12 270
6 230
9 850
10 259
After tax
7 730
13 770
10 150
9 741
Living cost
12 641
12 641
12 641
12 641
Free-cash
-4 911
1 129
-2 491
-2 900

Estimated living cost  is ₴12641 per week

₴9401
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
-₴3334
-₴4518
-₴2403
-₴5809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
chamber of commerce
-
-
-
80
income
-
-
-
801
pensions
-
-
-
3 700
unemployment
-
-
-
2 627
health
-
-
-
1 530
surtax
-
-
-
-
total
-
-
-
8 738
Employee
18 723
17 069
17 069
-
other
187
171
154
-
health
724
661
597
-
income
1 668
1 259
1 333
-
pensions
1 917
1 748
1 581
-
unemployment
562
512
463
-
total
5 058
4 351
4 128
-
Employer
18 723
17 069
17 069
-
accident
243
222
201
-
other
889
810
797
-
chamber of commerce
75
68
68
-
unemployment
562
512
463
-
surtax
-
-
-
-
pensions
2 350
2 143
1 938
-
payroll
562
512
512
-
health
708
645
584
-
total
5 389
4 912
4 563
-
Corporate
1 626
1 626
13 812
-
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
3 453
-
total
406
406
3 453
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
10 853
9 669
12 144
8 738
After tax
9 147
10 331
7 856
11 262
Living cost
13 665
13 665
13 665
13 665
Free-cash
-4 518
-3 334
-5 809
-2 403

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
₴12995
₴11869
₴13795
₴9995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
20 000
microenterprise

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

-
-
-
200
total
-
-
-
200
Employee
7 506
-
20 000
-
income
1 501
-
4 000
-
total
1 501
-
4 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

12 494
20 000
-
-
total
-
-
-
-
Dividends
12 494
20 000
-
-
withholding
625
1 000
-
-
total
625
1 000
-
-
Income
20 000
20 000
20 000
20 000
Total tax
2 126
1 000
4 000
200
After tax
17 874
19 000
16 000
19 800
Living cost
6 005
6 005
6 005
6 005
Free-cash
11 869
12 995
9 995
13 795

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
₴2282
-₴1888
-₴296
-₴929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
income
-
-
-
3 157
pensions
-
-
-
3 653
unemployment
-
-
-
30
health
-
-
-
1 968
total
-
-
-
8 808
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
-
17 306
-
health
1 223
-
1 118
-
income
3 266
-
2 922
-
pensions
2 936
-
2 682
-
unemployment
27
-
24
-
total
7 452
-
6 746
-
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
-
17 306
-
unemployment
11
-
11
-
pensions
1 676
-
1 531
-
health
1 261
-
1 153
-
total
2 948
-
2 695
-
Corporate
-
20 000
-
-
income
-
3 800
-
-
total
-
3 800
-
-
Dividends
-
16 200
-
-
withholding
-
2 430
-
-
total
-
2 430
-
-
Income
20 000
20 000
20 000
20 000
Total tax
10 400
6 230
9 441
8 808
After tax
9 600
13 770
10 559
11 192
Living cost
11 488
11 488
11 488
11 488
Free-cash
-1 888
2 282
-929
-296

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
-₴6330
-₴43922
-₴4676
-₴4138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
3 898
social contributions
-
-
-
2 280
total
-
-
-
6 178
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
-
20 000
-
-
income
-
4 400
-
-
total
-
4 400
-
-
Dividends
-
15 600
-
-
income
-
3 432
-
-
total
-
3 432
-
-
Income
20 000
20 000
20 000
20 000
Total tax
45 424
7 832
5 640
6 178
After tax
-25 424
12 168
14 360
13 822
Living cost
18 498
18 498
18 498
18 498
Free-cash
-43 922
-6 330
-4 138
-4 676

Estimated living cost  is ₴18498 per week

₴12002
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
-₴2059
-₴4379
-₴1747
-₴2182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
income
-
-
-
1 362
surtax
-
-
-
-
social contributions

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

-
-
-
6 950
total
-
-
-
8 312
Employee
19 699
-
16 162
-
social contributions
2 167
-
1 778
-
surtax
-
-
-
-
income
4 098
-
3 131
-
total
6 265
-
4 909
-
Employer
19 699
-
16 162
-
social contributions
4 679
-
3 838
-
total
4 679
-
3 838
-
Corporate
-
20 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
15 800
-
-
withholding
-
4 424
-
-
total
-
4 424
-
-
Income
20 000
20 000
20 000
20 000
Total tax
10 944
8 624
8 747
8 312
After tax
9 056
11 376
11 253
11 688
Living cost
13 435
13 435
13 435
13 435
Free-cash
-4 379
-2 059
-2 182
-1 747

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
-₴10607
-₴15205
-₴8598
-₴8312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
666
pensions
-
-
-
5 882
other
-
-
-
620
health
-
-
-
173
surtax
-
-
-
-
social contributions
-
-
-
570
total
-
-
-
7 911
Employee
26 826
-
15 241
-
social contributions
764
-
434
-
surtax
-
-
-
-
income
2 341
-
708
-
pensions
3 034
-
1 724
-
total
6 139
-
2 866
-
Employer
26 826
-
15 241
-
other
926
-
526
-
social contributions
80
-
46
-
unemployment
1 087
-
617
-
pensions
4 408
-
2 503
-
health
1 878
-
1 067
-
total
8 379
-
4 759
-
Corporate
-
20 000
-
-
surtax
-
-
-
-
income
-
5 600
-
-
total
-
5 600
-
-
Dividends
-
14 400
-
-
surtax
-
-
-
-
social contributions
-
2 477
-
-
withholding
-
1 843
-
-
total
-
4 320
-
-
Income
20 000
20 000
20 000
20 000
Total tax
14 518
9 920
7 625
7 911
After tax
5 482
10 080
12 375
12 089
Living cost
20 687
20 687
20 687
20 687
Free-cash
-15 205
-10 607
-8 312
-8 598

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
₴5125
₴3686
₴2724
₴3315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
-
social contributions
-
-
-
4 401
total
-
-
-
4 401
Employee
13 770
-
17 316
-
income
-
-
-
-
social contributions
895
-
1 126
-
total
895
-
1 126
-
Employer
13 770
-
17 316
-
social contributions
2 134
-
2 684
-
total
2 134
-
2 684
-
Corporate
4 096
20 000
-
-
income
410
2 000
-
-
total
410
2 000
-
-
Dividends
3 686
18 000
-
-
total
-
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
3 439
2 000
3 810
4 401
After tax
16 561
18 000
16 190
15 599
Living cost
12 875
12 875
12 875
12 875
Free-cash
3 686
5 125
3 315
2 724

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
-₴73362
-₴73362
-₴7358
-₴73362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
municipal
-
-
-
3 007
pensions
-
-
-
371
national
-
-
-
1 773
labour market
-
-
-
1 570
total
-
-
-
6 721
Employee
87 103
87 103
87 103
-
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
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
72 725
72 725
72 725
6 721
After tax
-52 725
-52 725
-52 725
13 279
Living cost
20 637
20 637
20 637
20 637
Free-cash
-73 362
-73 362
-73 362
-7 358

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
-₴7610
₴203
₴4639
₴1332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
accident
-
-
-
108
income
-
-
-
3 164
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
6 131
Employee
14 519
-
16 614
-
health
1 663
-
1 902
-
income
1 992
-
2 279
-
pensions
1 635
-
1 871
-
total
5 290
-
6 052
-
Employer
14 519
-
16 614
-
accident
242
-
278
-
unemployment
356
-
407
-
pensions
2 361
-
2 701
-
total
2 959
-
3 386
-
Corporate
2 522
20 000
-
-
income

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

2 270
18 000
-
-
total
2 270
18 000
-
-
Dividends
252
2 000
-
-
withholding
48
380
-
-
total
48
380
-
-
Income
20 000
20 000
20 000
20 000
Total tax
10 567
18 380
9 438
6 131
After tax
9 433
1 620
10 562
13 869
Living cost
9 230
9 230
9 230
9 230
Free-cash
203
-7 610
1 332
4 639

Estimated living cost  is ₴9230 per week

₴6718
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
-₴2604
-₴6786
-₴483
-₴3913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
20 000
municipal
-
-
-
3 576
health
-
-
-
129
national
-
-
-
334
total
-
-
-
4 039
Employee
22 535
-
16 825
-
health
168
-
80
-
municipal
3 691
-
2 764
-
pensions
1 521
-
1 135
-
unemployment
338
-
252
-
national
372
-
63
-
total
6 090
-
4 294
-
Employer
22 535
-
16 825
-
accident
23
-
17
-
unemployment
146
-
110
-
pensions
3 910
-
2 919
-
health
173
-
129
-
total
4 252
-
3 175
-
Corporate
-
20 000
-
-
income
-
4 000
-
-
total
-
4 000
-
-
Dividends

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

-
12 000
-
-
national
-
-
-
-
municipal
-
2 160
-
-
total
-
2 160
-
-
Income
20 000
20 000
20 000
20 000
Total tax
10 342
6 160
7 469
4 039
After tax
9 658
13 840
12 531
15 961
Living cost
16 444
16 444
16 444
16 444
Free-cash
-6 786
-2 604
-3 913
-483

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
₴398
₴2524
₴6349
₴2932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
104
health
-
-
-
510
social contributions
-
-
-
3 120
total
-
-
-
3 734
Employee
32 936
32 936
32 936
-
social contributions
1 245
2 733
1 507
-
health
255
560
309
-
income
3 586
3 049
3 492
-
total
5 086
6 342
5 308
-
Employer
32 936
32 936
32 936
-
social contributions
1 245
2 733
1 507
-
health
277
610
336
-
total
1 522
3 343
1 843
-
Corporate
3 474
-
-
-
income
434
-
-
-
total
434
-
-
-
Dividends
3 040
-
-
-
withholding
517
-
-
-
total
517
-
-
-
Income
20 000
20 000
20 000
20 000
Total tax
7 559
9 685
7 151
3 734
After tax
12 441
10 315
12 849
16 266
Living cost
9 917
9 917
9 917
9 917
Free-cash
2 524
398
2 932
6 349

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
₴9762
₴7582
₴7336
₴5616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 000
income
-
-
-
1 577
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
5 864
Employee

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

9 831
-
18 132
-
health
836
-
1 541
-
income
672
-
1 365
-
pensions
1 474
-
2 720
-
unemployment
49
-
91
-
total
3 031
-
5 717
-
Employer

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

9 831
-
18 132
-
unemployment
49
-
91
-
pensions
541
-
997
-
health
423
-
779
-
total
1 013
-
1 867
-
Corporate
9 157
20 000
-
-
income
824
1 800
-
-
total
824
1 800
-
-
Dividends
8 333
18 200
-
-
withholding
750
1 638
-
-
total
750
1 638
-
-
Income
20 000
20 000
20 000
20 000
Total tax
5 618
3 438
7 584
5 864
After tax
14 382
16 562
12 416
14 136
Living cost
6 800
6 800
6 800
6 800
Free-cash
7 582
9 762
5 616
7 336

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
₴1750
-₴885
-₴632
-₴478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
accident
-
-
-
180
income
-
-
-
2 854
pensions
-
-
-
5 660
other
-
-
-
20
unemployment
-
-
-
140
total
-
-
-
8 854
Employee
15 837
-
15 165
-
other
15
-
15
-
income
3 053
-
2 903
-
pensions
745
-
713
-
unemployment
245
-
235
-
total
4 058
-
3 866
-
Employer
15 837
-
15 165
-
accident
314
-
300
-
other
127
-
121
-
unemployment
871
-
834
-
pensions
3 737
-
3 579
-
total
5 049
-
4 834
-
Corporate
-
20 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
3 000
-
-
total
-
3 000
-
-
Dividends
-
17 000
-
-
withholding
-
3 472
-
-
total
-
3 472
-
-
Income
20 000
20 000
20 000
20 000
Total tax
9 107
6 472
8 700
8 854
After tax
10 893
13 528
11 300
11 146
Living cost
11 778
11 778
11 778
11 778
Free-cash
-885
1 750
-478
-632

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
₴11310
₴11117
₴11143
₴11061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
6 215
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
7 687
Employee
1 782
-
19 040
-
health
89
-
213
-
income
345
-
6 170
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
6 810
-
Employer
1 782
-
19 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
17 817
20 000
-
-
income
3 920
4 400
-
-
total
3 920
4 400
-
-
Dividends
13 898
15 600
-
-
withholding
2 780
3 120
-
-
total
2 780
3 120
-
-
Income
20 000
20 000
20 000
20 000
Total tax
7 713
7 520
7 769
7 687
After tax
12 287
12 480
12 231
12 313
Living cost
1 170
1 170
1 170
1 170
Free-cash
11 117
11 310
11 061
11 143

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
₴7042
₴4934
₴2619
₴3479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
income
-
-
-
2 413
pensions
-
-
-
5 200
unemployment
-
-
-
300
health
-
-
-
2 060
total
-
-
-
9 973
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
-
16 964
-
health
575
-
874
-
income
1 540
-
2 700
-
pensions
1 564
-
2 375
-
unemployment
84
-
127
-
total
3 763
-
6 076
-
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
-
16 964
-
unemployment
84
-
127
-
pensions
1 340
-
2 036
-
health
575
-
874
-
total
1 999
-
3 037
-
Corporate
6 830
20 000
-
-
income
1 025
3 000
-
-
total
1 025
3 000
-
-
Dividends
5 806
17 000
-
-
withholding
871
2 550
-
-
total
871
2 550
-
-
Income
20 000
20 000
20 000
20 000
Total tax
7 658
5 550
9 113
9 973
After tax
12 342
14 450
10 887
10 027
Living cost
7 408
7 408
7 408
7 408
Free-cash
4 934
7 042
3 479
2 619

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
-₴171
-₴572
₴141
-₴294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
income
-
-
-
1 362
surtax
-
-
-
-
social contributions

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

-
-
-
6 950
total
-
-
-
8 312
Employee
16 624
-
16 162
-
social contributions
1 829
-
1 778
-
surtax
-
-
-
-
income
3 248
-
3 131
-
total
5 077
-
4 909
-
Employer
16 624
-
16 162
-
social contributions
3 948
-
3 838
-
total
3 948
-
3 838
-
Corporate
-
20 000
-
-
surtax
-
-
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends
-
15 800
-
-
withholding
-
4 424
-
-
total
-
4 424
-
-
Income
20 000
20 000
20 000
20 000
Total tax
9 025
8 624
8 747
8 312
After tax
10 975
11 376
11 253
11 688
Living cost
11 547
11 547
11 547
11 547
Free-cash
-572
-171
-294
141

Estimated living cost  is ₴11547 per week

₴8179
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
-₴1525
-₴7282
-₴3907
-₴3753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
accident
-
-
-
180
income
-
-
-
2 854
pensions
-
-
-
5 660
other
-
-
-
20
unemployment
-
-
-
140
total
-
-
-
8 854
Employee
20 686
-
15 165
-
other
20
-
15
-
income
4 321
-
2 903
-
pensions
972
-
713
-
unemployment
320
-
235
-
total
5 633
-
3 866
-
Employer
20 686
-
15 165
-
accident
410
-
300
-
other
166
-
121
-
unemployment
1 138
-
834
-
pensions
4 882
-
3 579
-
total
6 596
-
4 834
-
Corporate
-
20 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
3 000
-
-
total
-
3 000
-
-
Dividends
-
17 000
-
-
withholding
-
3 472
-
-
total
-
3 472
-
-
Income
20 000
20 000
20 000
20 000
Total tax
12 229
6 472
8 700
8 854
After tax
7 771
13 528
11 300
11 146
Living cost
15 053
15 053
15 053
15 053
Free-cash
-7 282
-1 525
-3 753
-3 907

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
₴9728
₴7116
₴5630
₴5816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
3 000
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
-
-
-
6 998
Employee
9 762
-
17 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
1 706
-
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
-
3 874
-
Employer
9 762
-
17 063
-
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
8 322
20 000
-
-
income
832
2 000
-
-
total
832
2 000
-
-
Dividends
7 490
18 000
-
-
withholding
375
900
-
-
total
375
900
-
-
Income
20 000
20 000
20 000
20 000
Total tax
5 512
2 900
6 812
6 998
After tax
14 488
17 100
13 188
13 002
Living cost
7 372
7 372
7 372
7 372
Free-cash
7 116
9 728
5 816
5 630

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
-₴6152
-₴1311
-₴946
-₴934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
trade
-
-
-
12
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.

-
-
-
1 396
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.

-
-
-
76
total
-
-
-
4 410
Employee

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

21 311
-
20 000
-
health

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

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

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
-
76
-
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
-
1 396
-
total
4 775
-
4 398
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
20 000
-
-
surtax

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

-
165
-
-
income
-
3 000
-
-
trade
-
2 870
-
-
chamber of commerce
-
94
-
-
total
-
6 129
-
-
Dividends
-
13 871
-
-
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.

-
182
-
-
withholding
-
3 305
-
-
total
-
3 487
-
-
Income
20 000
20 000
20 000
20 000
Total tax
4 775
9 616
4 398
4 410
After tax
15 225
10 384
15 602
15 590
Living cost
16 536
16 536
16 536
16 536
Free-cash
-1 311
-6 152
-934
-946

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
-₴10399
-₴13504
-₴8355
-₴8355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
2 659
social contributions
-
-
-
1 297
total
-
-
-
3 956
Employee
33 504
-
20 000
-
income
6 322
-
2 659
-
social contributions
2 783
-
1 297
-
total
9 105
-
3 956
-
Employer
33 504
-
20 000
-
total
-
-
-
-
Corporate
-
20 000
-
-
income
-
2 500
-
-
total
-
2 500
-
-
Dividends
-
17 500
-
-
withholding
-
3 500
-
-
total
-
3 500
-
-
Income
20 000
20 000
20 000
20 000
Total tax
9 105
6 000
3 956
3 956
After tax
10 895
14 000
16 044
16 044
Living cost
24 399
24 399
24 399
24 399
Free-cash
-13 504
-10 399
-8 355
-8 355

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
-₴4498
-₴2897
-₴10601
-₴991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
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
19 649
-
18 178
-
income
2 132
-
1 801
-
social contributions
1 969
-
1 821
-
total
4 101
-
3 622
-
Employer
19 649
-
18 178
-
social contributions
1 969
-
1 821
-
total
1 969
-
1 821
-
Corporate
-
20 000
-
-
income
-
7 000
-
-
total
-
7 000
-
-
Dividends
-
13 000
-
-
social contributions
1 279
1 950
-
-
total
1 279
1 950
-
-
Income
20 000
20 000
20 000
20 000
Total tax
7 349
8 950
5 443
15 053
After tax
12 651
11 050
14 557
4 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
-2 897
-4 498
-991
-10 601

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
-₴980
-₴4545
-₴830
-₴2701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
income
-
-
-
3 783
pensions
-
-
-
1 082
total
-
-
-
4 865
Employee
21 914
-
17 987
-
health
286
-
205
-
income
3 991
-
3 316
-
pensions
1 673
-
1 201
-
total
5 950
-
4 722
-
Employer
21 914
-
17 987
-
pensions
2 214
-
1 672
-
health
416
-
342
-
total
2 630
-
2 014
-
Corporate
-
20 000
-
-
income

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

-
3 800
-
-
total
-
3 800
-
-
Dividends
-
16 200
-
-
withholding
-
1 215
-
-
total
-
1 215
-
-
Income
20 000
20 000
20 000
20 000
Total tax
8 580
5 015
6 736
4 865
After tax
11 420
14 985
13 264
15 135
Living cost
15 965
15 965
15 965
15 965
Free-cash
-4 545
-980
-2 701
-830

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
-₴8523
₴65
₴3726
₴419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
accident
-
-
-
108
income
-
-
-
3 164
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
6 131
Employee
15 956
-
16 614
-
health
1 827
-
1 902
-
income
2 189
-
2 279
-
pensions
1 797
-
1 871
-
total
5 813
-
6 052
-
Employer
15 956
-
16 614
-
accident
266
-
278
-
unemployment
391
-
407
-
pensions
2 594
-
2 701
-
total
3 251
-
3 386
-
Corporate
792
20 000
-
-
income

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

713
18 000
-
-
total
713
18 000
-
-
Dividends
79
2 000
-
-
withholding
15
380
-
-
total
15
380
-
-
Income
20 000
20 000
20 000
20 000
Total tax
9 792
18 380
9 438
6 131
After tax
10 208
1 620
10 562
13 869
Living cost
10 143
10 143
10 143
10 143
Free-cash
65
-8 523
419
3 726

Estimated living cost  is ₴10143 per week

₴7444
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
₴11215
₴9132
₴6256
₴6256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 000
work injury
-
-
-
100
health insurance
-
-
-
1 480
income
-
-
-
2 459
pensions
-
-
-
3 680
unemployment
-
-
-
240
total
-
-
-
7 959
Employee

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

9 257
-
20 000
-
work injury
46
-
100
-
income
926
-
2 459
-
pensions
1 703
-
3 680
-
health insurance
685
-
1 480
-
unemployment
111
-
240
-
total
3 471
-
7 959
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 743
20 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
10 743
20 000
-
-
withholding
1 612
3 000
-
-
total
1 612
3 000
-
-
Income
20 000
20 000
20 000
20 000
Total tax
5 083
3 000
7 959
7 959
After tax
14 917
17 000
12 041
12 041
Living cost
5 785
5 785
5 785
5 785
Free-cash
9 132
11 215
6 256
6 256

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
-₴6529
-₴16092
-₴6147
-₴7257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 000
municipal
-
-
-
133
regional
-
-
-
283
national
-
-
-
3 524
social contributions
-
-
-
5 144
total
-
-
-
9 084
Employee
36 093
-
20 000
-
social contributions
12 170
-
6 744
-
regional
545
-
240
-
municipal
215
-
119
-
national
6 099
-
3 091
-
total
19 029
-
10 194
-
Employer
36 093
-
20 000
-
total
-
-
-
-
Corporate
-
20 000
-
-
nationa
-
4 800
-
-
municipal
-
964
-
-
total
-
5 764
-
-
Dividends
-
14 236
-
-
withholding
-
3 702
-
-
total
-
3 702
-
-
Income
20 000
20 000
20 000
20 000
Total tax
19 029
9 466
10 194
9 084
After tax
971
10 534
9 806
10 916
Living cost
17 063
17 063
17 063
17 063
Free-cash
-16 092
-6 529
-7 257
-6 147

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

Estimated living cost

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