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
₴ 20500
per

Your estimated
City
free-cash

Dresden , Germany
-₴2542
₴2194
₴2892
₴2985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
trade
-
-
-
93
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.

-
-
-
1 531
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.

-
-
-
85
total
-
-
-
4 635
Employee

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

16 382
-
20 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
85
-
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
-
1 531
-
total
3 409
-
4 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 118
20 500
-
-
surtax

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

34
169
-
-
income
618
3 075
-
-
trade
649
3 228
-
-
chamber of commerce
71
94
-
-
total
1 372
6 566
-
-
Dividends
2 747
13 933
-
-
surtax

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

28
183
-
-
withholding
524
3 320
-
-
total
552
3 503
-
-
Income
20 500
20 500
20 500
20 500
Total tax
5 333
10 069
4 542
4 635
After tax
15 167
10 431
15 958
15 865
Living cost
12 973
12 973
12 973
12 973
Free-cash
2 194
-2 542
2 985
2 892

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
-₴8851
-₴16096
-₴8561
-₴8402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
municipal
-
-
-
1 858
pensions
-
-
-
2 460
national
-
-
-
2 880
social contributions
-
-
-
220
total
-
-
-
7 418
Employee
33 550
-
17 722
-
municipal
4 144
-
1 938
-
pensions
1 342
-
709
-
national
6 422
-
3 003
-
total
11 908
-
5 650
-
Employer
33 550
-
17 722
-
social contributions
361
-
191
-
pensions
2 684
-
1 418
-
total
3 045
-
1 609
-
Corporate
-
20 500
-
-
income

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

-
4 100
-
-
total
-
4 100
-
-
Dividends
-
16 400
-
-
withholding
-
3 608
-
-
total
-
3 608
-
-
Income
20 500
20 500
20 500
20 500
Total tax
14 953
7 708
7 259
7 418
After tax
5 547
12 792
13 241
13 082
Living cost
21 643
21 643
21 643
21 643
Free-cash
-16 096
-8 851
-8 402
-8 561

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
₴7489
₴3975
₴7166
₴2852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
microenterprise
-
-
-
3 075
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
-
-
-
4 423
Employee
12 515
-
16 521
-
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
-
1 817
-
surtax
-
-
-
-
income
2 228
-
2 941
-
total
3 605
-
4 758
-
Employer
12 515
-
16 521
-
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
-
3 979
-
surtax
-
-
-
-
total
3 015
-
3 979
-
Corporate
4 970
20 500
-
-
income

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

994
4 100
-
-
total
994
4 100
-
-
Dividends

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

3 976
16 400
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
7 614
4 100
8 737
4 423
After tax
12 886
16 400
11 763
16 077
Living cost
8 911
8 911
8 911
8 911
Free-cash
3 975
7 489
2 852
7 166

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
-₴19628
-₴22033
-₴6182
-₴22033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
1 902
pensions
-
-
-
3 690
health
-
-
-
3 147
total
-
-
-
8 739
Employee
36 576
36 576
36 576
-
health
5 614
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
6 584
-
total
18 185
15 780
18 185
-
Employer
36 576
36 576
36 576
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 546
-
health
2 542
2 542
2 542
-
total
6 405
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
24 590
22 185
24 590
8 739
After tax
-4 090
-1 685
-4 090
11 761
Living cost
17 943
17 943
17 943
17 943
Free-cash
-22 033
-19 628
-22 033
-6 182

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
-₴5355
-₴10488
-₴6329
-₴5601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
municipal
-
-
-
4 342
accident
-
-
-
41
pensions
-
-
-
2 216
other
-
-
-
2 382
unemployment
-
-
-
21
health
-
-
-
1 279
national
-
-
-
-
total
-
-
-
10 281
Employee
23 580
-
15 599
-
municipal
7 032
-
4 652
-
national
-
-
-
-
total
7 032
-
4 652
-
Employer
23 580
-
15 599
-
accident
47
-
31
-
other
2 740
-
1 813
-
unemployment
622
-
412
-
pensions
2 549
-
1 686
-
health
1 450
-
959
-
total
7 408
-
4 901
-
Corporate
-
20 500
-
-
income
-
4 510
-
-
total
-
4 510
-
-
Dividends
-
15 990
-
-
withholding
-
4 797
-
-
total
-
4 797
-
-
Income
20 500
20 500
20 500
20 500
Total tax
14 440
9 307
9 553
10 281
After tax
6 060
11 193
10 947
10 219
Living cost
16 548
16 548
16 548
16 548
Free-cash
-10 488
-5 355
-5 601
-6 329

Estimated living cost  is ₴16548 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-₴6501
-₴1220
-₴965
-₴868
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
trade
-
-
-
97
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.

-
-
-
1 531
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.

-
-
-
85
total
-
-
-
4 639
Employee

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

21 721
-
20 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
85
-
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
-
1 531
-
total
4 894
-
4 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
20 500
-
-
surtax

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

-
169
-
-
income
-
3 075
-
-
trade
-
3 372
-
-
chamber of commerce
-
94
-
-
total
-
6 710
-
-
Dividends
-
13 789
-
-
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.

-
180
-
-
withholding
-
3 285
-
-
total
-
3 465
-
-
Income
20 500
20 500
20 500
20 500
Total tax
4 894
10 175
4 542
4 639
After tax
15 606
10 325
15 958
15 861
Living cost
16 826
16 826
16 826
16 826
Free-cash
-1 220
-6 501
-868
-965

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
-₴3077
-₴735
₴2701
-₴619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
186
health
-
-
-
523
social contributions
-
-
-
3 198
total
-
-
-
3 907
Employee
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 544
-
health
328
560
316
-
income
3 458
3 049
3 478
-
total
5 386
6 342
5 338
-
Employer
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 544
-
health
357
610
345
-
total
1 957
3 343
1 889
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
7 343
9 685
7 227
3 907
After tax
13 157
10 815
13 273
16 593
Living cost
13 892
13 892
13 892
13 892
Free-cash
-735
-3 077
-619
2 701

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
₴3847
₴4011
₴6418
₴4102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
2 506
pensions
-
-
-
2 050
unemployment
-
-
-
308
health
-
-
-
1 435
total
-
-
-
6 299
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
17 155
-
health
786
313
1 201
-
income
1 373
547
2 097
-
pensions
1 123
447
1 715
-
unemployment
169
67
257
-
total
3 451
1 374
5 270
-
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
17 155
-
pensions
2 191
872
3 345
-
total
2 191
872
3 345
-
Corporate
7 075
15 157
-
-
income
637
1 364
-
-
total
637
1 364
-
-
Dividends
6 438
13 793
-
-
social contributions
1 204
2 639
-
-
withholding
1 223
2 621
-
-
total
2 427
5 260
-
-
Income
20 500
20 500
20 500
20 500
Total tax
8 706
8 870
8 615
6 299
After tax
11 794
11 630
11 885
14 201
Living cost
7 783
7 783
7 783
7 783
Free-cash
4 011
3 847
4 102
6 418

Estimated living cost  is ₴7783 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴6055
₴3394
₴1393
₴2107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
1 997
pensions
-
-
-
4 100
health
-
-
-
2 665
total
-
-
-
8 762
Employee
12 151
-
15 321
-
income
1 368
-
2 319
-
pensions
243
-
306
-
unemployment
194
-
245
-
total
1 805
-
2 870
-
Employer
12 151
-
15 321
-
unemployment
98
-
123
-
pensions
2 430
-
3 064
-
health
1 579
-
1 991
-
total
4 107
-
5 178
-
Corporate
4 242
20 500
-
-
income
849
4 100
-
-
total
849
4 100
-
-
Dividends
3 394
16 400
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
6 761
4 100
8 048
8 762
After tax
13 739
16 400
12 452
11 738
Living cost
10 345
10 345
10 345
10 345
Free-cash
3 394
6 055
2 107
1 393

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
-₴7705
₴224
₴4844
₴1460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
accident
-
-
-
108
income
-
-
-
3 325
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 290
Employee
14 734
-
17 029
-
health
1 687
-
1 950
-
income
2 021
-
2 336
-
pensions
1 659
-
1 918
-
total
5 367
-
6 204
-
Employer
14 734
-
17 029
-
accident
246
-
284
-
unemployment
361
-
417
-
pensions
2 396
-
2 769
-
total
3 003
-
3 470
-
Corporate
2 763
20 500
-
-
income

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

2 487
18 450
-
-
total
2 487
18 450
-
-
Dividends
276
2 050
-
-
withholding
53
389
-
-
total
53
389
-
-
Income
20 500
20 500
20 500
20 500
Total tax
10 910
18 839
9 674
6 290
After tax
9 590
1 661
10 826
14 210
Living cost
9 366
9 366
9 366
9 366
Free-cash
224
-7 705
1 460
4 844

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴15622
₴14900
₴16442
₴12547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
20 500
microenterprise

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

-
-
-
205
total
-
-
-
205
Employee
4 817
-
20 500
-
income
963
-
4 100
-
total
963
-
4 100
-
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%.

15 683
20 500
-
-
total
-
-
-
-
Dividends
15 683
20 500
-
-
withholding
784
1 025
-
-
total
784
1 025
-
-
Income
20 500
20 500
20 500
20 500
Total tax
1 747
1 025
4 100
205
After tax
18 753
19 475
16 400
20 295
Living cost
3 853
3 853
3 853
3 853
Free-cash
14 900
15 622
12 547
16 442

Estimated living cost  is ₴3853 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴3648
₴757
-₴312
₴606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
2 603
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.

-
-
-
4 920
other
-
-
-
974
health
-
-
-
902
total
-
-
-
9 399
Employee
15 552
-
16 375
-
health
218
-
229
-
income
2 677
-
2 819
-
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
-
1 146
-
unemployment
155
-
163
-
total
4 138
-
4 357
-
Employer
15 552
-
16 375
-
accident
124
-
131
-
other
778
-
818
-
unemployment
155
-
163
-
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
-
2 783
-
health
218
-
229
-
total
3 919
-
4 124
-
Corporate
1 029
20 500
-
-
income
216
4 305
-
-
total
216
4 305
-
-
Dividends
813
16 195
-
-
withholding
57
1 134
-
-
total
57
1 134
-
-
Income
20 500
20 500
20 500
20 500
Total tax
8 330
5 439
8 481
9 399
After tax
12 170
15 061
12 019
11 101
Living cost
11 413
11 413
11 413
11 413
Free-cash
757
3 648
606
-312

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
-₴13386
-₴25743
-₴13246
-₴15184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
3 874
pensions
-
-
-
1 127
total
-
-
-
5 001
Employee
40 669
-
18 419
-
health
670
-
214
-
income
7 331
-
3 391
-
pensions
3 923
-
1 253
-
total
11 924
-
4 858
-
Employer
40 669
-
18 419
-
pensions
4 802
-
1 731
-
health
772
-
350
-
total
5 574
-
2 081
-
Corporate
-
20 500
-
-
income

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

-
3 895
-
-
total
-
3 895
-
-
Dividends
-
16 605
-
-
withholding
-
1 246
-
-
total
-
1 246
-
-
Income
20 500
20 500
20 500
20 500
Total tax
17 498
5 141
6 939
5 001
After tax
3 002
15 359
13 561
15 499
Living cost
28 745
28 745
28 745
28 745
Free-cash
-25 743
-13 386
-15 184
-13 246

Estimated living cost  is ₴28745 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴11909
₴9918
₴7808
₴8019
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
3 075
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
-
-
-
7 073
Employee
7 440
-
17 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
1 756
-
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
-
3 924
-
Employer
7 440
-
17 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
11 600
20 500
-
-
income
1 160
2 050
-
-
total
1 160
2 050
-
-
Dividends
10 440
18 450
-
-
withholding
522
922
-
-
total
522
922
-
-
Income
20 500
20 500
20 500
20 500
Total tax
4 963
2 972
6 862
7 073
After tax
15 537
17 528
13 638
13 427
Living cost
5 619
5 619
5 619
5 619
Free-cash
9 918
11 909
8 019
7 808

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
-₴25436
-₴26163
-₴11990
-₴27841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
1 902
pensions
-
-
-
3 690
health
-
-
-
3 147
total
-
-
-
8 739
Employee
39 710
36 576
36 576
-
health
4 954
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
6 584
-
total
15 959
15 780
18 185
-
Employer
39 710
36 576
36 576
-
unemployment
1 430
1 317
1 317
-
pensions
2 764
2 546
2 546
-
health
2 759
2 542
2 542
-
total
6 953
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
22 912
22 185
24 590
8 739
After tax
-2 412
-1 685
-4 090
11 761
Living cost
23 751
23 751
23 751
23 751
Free-cash
-26 163
-25 436
-27 841
-11 990

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
₴3856
₴196
-₴274
₴145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
1 762
health
-
-
-
2 768
solidarity contribution
-
-
-
-
social contributions
-
-
-
5 986
total
-
-
-
10 516
Employee
15 086
-
15 299
-
social contributions
981
-
994
-
health
2 037
-
2 065
-
solidarity contribution
-
-
-
-
income
1 810
-
1 836
-
total
4 828
-
4 895
-
Employer
15 086
-
15 299
-
social contributions
3 771
-
3 825
-
health
1 358
-
1 377
-
total
5 129
-
5 202
-
Corporate
285
20 500
-
-
income
54
3 895
-
-
total
54
3 895
-
-
Dividends
231
16 605
-
-
withholding
35
2 491
-
-
total
35
2 491
-
-
Income
20 500
20 500
20 500
20 500
Total tax
10 046
6 386
10 097
10 516
After tax
10 454
14 114
10 403
9 984
Living cost
10 258
10 258
10 258
10 258
Free-cash
196
3 856
145
-274

Estimated living cost  is ₴10258 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-₴7136
-₴17566
-₴6789
-₴7948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
municipal
-
-
-
122
regional
-
-
-
198
national
-
-
-
3 623
social contributions
-
-
-
5 273
total
-
-
-
9 216
Employee
38 066
-
20 500
-
social contributions
12 836
-
6 913
-
regional
359
-
172
-
municipal
202
-
109
-
national
6 596
-
3 181
-
total
19 993
-
10 375
-
Employer
38 066
-
20 500
-
total
-
-
-
-
Corporate
-
20 500
-
-
nationa
-
4 920
-
-
municipal
-
800
-
-
total
-
5 720
-
-
Dividends
-
14 780
-
-
withholding
-
3 843
-
-
total
-
3 843
-
-
Income
20 500
20 500
20 500
20 500
Total tax
19 993
9 563
10 375
9 216
After tax
507
10 937
10 125
11 284
Living cost
18 073
18 073
18 073
18 073
Free-cash
-17 566
-7 136
-7 948
-6 789

Estimated living cost  is ₴18073 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴3443
₴2111
₴2314
₴1807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
2 969
pensions
-
-
-
4 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 456
surtax
-
-
-
112
total
-
-
-
8 735
Employee
14 164
-
16 935
-
other
-
-
-
-
health
362
-
432
-
surtax
46
-
98
-
income
2 374
-
2 839
-
pensions
944
-
1 130
-
unemployment
986
-
1 179
-
total
4 712
-
5 678
-
Employer
14 164
-
16 935
-
other
-
-
-
-
unemployment
449
-
536
-
pensions
1 888
-
2 257
-
health
645
-
771
-
total
2 982
-
3 564
-
Corporate
3 355
20 500
-
-
income
872
5 330
-
-
total
872
5 330
-
-
Dividends
2 482
15 170
-
-
withholding
372
2 276
-
-
total
372
2 276
-
-
Income
20 500
20 500
20 500
20 500
Total tax
8 938
7 606
9 242
8 735
After tax
11 562
12 894
11 258
11 765
Living cost
9 451
9 451
9 451
9 451
Free-cash
2 111
3 443
1 807
2 314

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴4279
-₴10224
-₴4139
-₴6077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
3 874
pensions
-
-
-
1 127
total
-
-
-
5 001
Employee
27 256
-
18 419
-
health
396
-
214
-
income
4 909
-
3 391
-
pensions
2 313
-
1 253
-
total
7 618
-
4 858
-
Employer
27 256
-
18 419
-
pensions
2 950
-
1 731
-
health
518
-
350
-
total
3 468
-
2 081
-
Corporate
-
20 500
-
-
income

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

-
3 895
-
-
total
-
3 895
-
-
Dividends
-
16 605
-
-
withholding
-
1 246
-
-
total
-
1 246
-
-
Income
20 500
20 500
20 500
20 500
Total tax
11 086
5 141
6 939
5 001
After tax
9 414
15 359
13 561
15 499
Living cost
19 638
19 638
19 638
19 638
Free-cash
-10 224
-4 279
-6 077
-4 139

Estimated living cost  is ₴19638 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴22999
-₴20993
-₴14920
-₴16093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
city
-
-
-
215
pensions
-
-
-
1 886
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.

-
-
-
410
regional
-
-
-
384
health
-
-
-
106
national
-
-
-
47
total
-
-
-
3 048
Employee
37 883
-
18 278
-
city
407
-
195
-
regional
1 240
-
317
-
health
86
-
41
-
pensions
3 183
-
1 614
-
unemployment
-
-
-
-
national
179
-
33
-
total
5 095
-
2 200
-
Employer
37 883
-
18 278
-
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
-
366
-
unemployment
-
-
-
-
pensions
3 183
-
1 614
-
health
86
-
41
-
total
4 026
-
2 021
-
Corporate
-
20 500
-
-
regional
-
4 336
-
-
national
-
1 743
-
-
total
-
6 079
-
-
Dividends
-
14 421
-
-
withholding
-
5 048
-
-
total
-
5 048
-
-
Income
20 500
20 500
20 500
20 500
Total tax
9 121
11 127
4 221
3 048
After tax
11 379
9 373
16 279
17 452
Living cost
32 372
32 372
32 372
32 372
Free-cash
-20 993
-22 999
-16 093
-14 920

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
-₴9402
-₴5241
-₴3764
-₴3663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
trade
-
-
-
101
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.

-
-
-
1 531
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.

-
-
-
85
total
-
-
-
4 643
Employee

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

25 741
-
20 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
85
-
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
-
1 531
-
total
6 120
-
4 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
20 500
-
-
surtax

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

-
169
-
-
income
-
3 075
-
-
trade
-
3 515
-
-
chamber of commerce
-
94
-
-
total
-
6 853
-
-
Dividends
-
13 646
-
-
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.

-
179
-
-
withholding
-
3 249
-
-
total
-
3 428
-
-
Income
20 500
20 500
20 500
20 500
Total tax
6 120
10 281
4 542
4 643
After tax
14 380
10 219
15 958
15 857
Living cost
19 621
19 621
19 621
19 621
Free-cash
-5 241
-9 402
-3 663
-3 764

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
-₴4322
-₴3555
-₴2276
-₴1996
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
713
pensions
-
-
-
6 012
other
-
-
-
636
health
-
-
-
177
surtax
-
-
-
-
social contributions
-
-
-
584
total
-
-
-
8 122
Employee
18 331
-
15 622
-
social contributions
523
-
445
-
surtax
-
-
-
-
income
1 082
-
754
-
pensions
2 073
-
1 766
-
total
3 678
-
2 965
-
Employer
18 331
-
15 622
-
other
632
-
539
-
social contributions
55
-
47
-
unemployment
742
-
632
-
pensions
3 011
-
2 566
-
health
1 283
-
1 093
-
total
5 723
-
4 877
-
Corporate
-
20 500
-
-
surtax
-
-
-
-
income
-
5 740
-
-
total
-
5 740
-
-
Dividends
-
14 760
-
-
surtax
-
-
-
-
social contributions
-
2 539
-
-
withholding
-
1 889
-
-
total
-
4 428
-
-
Income
20 500
20 500
20 500
20 500
Total tax
9 401
10 168
7 842
8 122
After tax
11 099
10 332
12 658
12 378
Living cost
14 654
14 654
14 654
14 654
Free-cash
-3 555
-4 322
-1 996
-2 276

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
-₴2870
-₴974
-₴824
-₴544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
713
pensions
-
-
-
6 012
other
-
-
-
636
health
-
-
-
177
surtax
-
-
-
-
social contributions
-
-
-
584
total
-
-
-
8 122
Employee
16 363
-
15 622
-
social contributions
467
-
445
-
surtax
-
-
-
-
income
844
-
754
-
pensions
1 851
-
1 766
-
total
3 162
-
2 965
-
Employer
16 363
-
15 622
-
other
565
-
539
-
social contributions
49
-
47
-
unemployment
662
-
632
-
pensions
2 689
-
2 566
-
health
1 145
-
1 093
-
total
5 110
-
4 877
-
Corporate
-
20 500
-
-
surtax
-
-
-
-
income
-
5 740
-
-
total
-
5 740
-
-
Dividends
-
14 760
-
-
surtax
-
-
-
-
social contributions
-
2 539
-
-
withholding
-
1 889
-
-
total
-
4 428
-
-
Income
20 500
20 500
20 500
20 500
Total tax
8 272
10 168
7 842
8 122
After tax
12 228
10 332
12 658
12 378
Living cost
13 202
13 202
13 202
13 202
Free-cash
-974
-2 870
-544
-824

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
₴3425
₴3646
₴4083
₴3361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
3 075
health
-
-
-
1 431
social contributions
-
-
-
2 829
total
-
-
-
7 335
Employee
14 522
-
20 500
-
social contributions
2 004
-
2 829
-
health
1 014
-
1 431
-
income
2 422
-
3 797
-
total
5 440
-
8 057
-
Employer
14 522
-
20 500
-
total
-
-
-
-
Corporate
5 978
20 500
-
-
income

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

299
1 025
-
-
total
299
1 025
-
-
Dividends
5 679
19 475
-
-
health
397
1 359
-
-
social contributions
784
2 688
-
-
withholding
852
2 921
-
-
total
2 033
6 968
-
-
Income
20 500
20 500
20 500
20 500
Total tax
7 772
7 993
8 057
7 335
After tax
12 728
12 507
12 443
13 165
Living cost
9 082
9 082
9 082
9 082
Free-cash
3 646
3 425
3 361
4 083

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
-₴4346
-₴7555
-₴3640
-₴7026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
chamber of commerce
-
-
-
82
income
-
-
-
893
pensions
-
-
-
3 793
unemployment
-
-
-
2 627
health
-
-
-
1 568
surtax
-
-
-
85
total
-
-
-
9 048
Employee
21 405
17 069
17 069
-
other
214
171
158
-
health
828
661
610
-
income
2 437
1 259
1 318
-
pensions
2 192
1 748
1 616
-
unemployment
642
512
473
-
total
6 313
4 351
4 175
-
Employer
21 405
17 069
17 069
-
accident
278
222
205
-
other
1 017
810
800
-
chamber of commerce
85
68
68
-
unemployment
642
512
473
-
surtax
85
85
85
-
pensions
2 686
2 143
1 980
-
payroll
642
512
512
-
health
809
645
597
-
total
6 244
4 997
4 720
-
Corporate
1 626
1 626
14 155
-
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
3 539
-
total
406
406
3 539
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
12 963
9 754
12 434
9 048
After tax
7 537
10 746
8 066
11 452
Living cost
15 092
15 092
15 092
15 092
Free-cash
-7 555
-4 346
-7 026
-3 640

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
-₴4038
-₴19056
-₴4007
-₴6548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
national
-
-
-
5 788
communal

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

-
-
-
1 110
social contributions
-
-
-
1 992
total
-
-
-
8 890
Employee

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

30 637
-
15 878
-
communal

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

1 598
-
828
-
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
-
746
-
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
-
1 191
-
unemployment

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

267
-
138
-
national
9 419
-
3 906
-
total
15 021
-
6 809
-
Employer

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

30 637
-
15 878
-
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
-
206
-
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
-
232
-
surtax
3 474
-
1 801
-
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
-
1 407
-
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
-
976
-
total
8 918
-
4 622
-
Corporate
-
20 500
-
-
surtax
-
82
-
-
income
-
4 100
-
-
total
-
4 182
-
-
Dividends
-
16 318
-
-
withholding

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

-
4 739
-
-
total
-
4 739
-
-
Income
20 500
20 500
20 500
20 500
Total tax
23 939
8 921
11 431
8 890
After tax
-3 439
11 579
9 069
11 610
Living cost
15 617
15 617
15 617
15 617
Free-cash
-19 056
-4 038
-6 548
-4 007

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
-₴1605
-₴7616
-₴4057
-₴3897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
accident
-
-
-
185
income
-
-
-
2 938
pensions
-
-
-
5 802
other
-
-
-
20
unemployment
-
-
-
144
total
-
-
-
9 089
Employee
21 320
-
15 544
-
other
21
-
15
-
income
4 498
-
2 987
-
pensions
1 002
-
731
-
unemployment
331
-
241
-
total
5 852
-
3 974
-
Employer
21 320
-
15 544
-
accident
422
-
308
-
other
170
-
124
-
unemployment
1 173
-
855
-
pensions
5 031
-
3 668
-
total
6 796
-
4 955
-
Corporate
-
20 500
-
-
income

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

-
3 075
-
-
total
-
3 075
-
-
Dividends
-
17 425
-
-
withholding
-
3 562
-
-
total
-
3 562
-
-
Income
20 500
20 500
20 500
20 500
Total tax
12 648
6 637
8 929
9 089
After tax
7 852
13 863
11 571
11 411
Living cost
15 468
15 468
15 468
15 468
Free-cash
-7 616
-1 605
-3 897
-4 057

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
-₴10377
-₴15810
-₴9472
-₴9448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
accident
-
-
-
185
income
-
-
-
609
pensions
-
-
-
3 280
health
-
-
-
1 537
surtax
-
-
-
1 085
communal
-
-
-
-
total
-
-
-
6 696
Employee
32 436
-
18 064
-
health
1 444
-
907
-
surtax
1 988
-
1 087
-
income
3 133
-
612
-
pensions
2 594
-
1 630
-
total
9 159
-
4 236
-
Employer
32 436
-
18 064
-
accident
292
-
184
-
pensions
2 594
-
1 630
-
health
989
-
622
-
total
3 875
-
2 436
-
Corporate
-
20 500
-
-
surtax
-
215
-
-
communal
-
1 383
-
-
income
-
3 075
-
-
total
-
4 673
-
-
Dividends
-
15 826
-
-
income
-
554
-
-
withholding
-
2 374
-
-
total
-
2 928
-
-
Income
20 500
20 500
20 500
20 500
Total tax
13 034
7 601
6 672
6 696
After tax
7 466
12 899
13 828
13 804
Living cost
23 276
23 276
23 276
23 276
Free-cash
-15 810
-10 377
-9 448
-9 472

Estimated living cost  is ₴23276 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₴3274
₴1913
₴2145
₴1638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
2 969
pensions
-
-
-
4 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 456
surtax
-
-
-
112
total
-
-
-
8 735
Employee
14 424
-
16 935
-
other
-
-
-
-
health
368
-
432
-
surtax
51
-
98
-
income
2 418
-
2 839
-
pensions
962
-
1 130
-
unemployment
1 004
-
1 179
-
total
4 803
-
5 678
-
Employer
14 424
-
16 935
-
other
-
-
-
-
unemployment
458
-
536
-
pensions
1 923
-
2 257
-
health
656
-
771
-
total
3 037
-
3 564
-
Corporate
3 039
20 500
-
-
income
790
5 330
-
-
total
790
5 330
-
-
Dividends
2 249
15 170
-
-
withholding
337
2 276
-
-
total
337
2 276
-
-
Income
20 500
20 500
20 500
20 500
Total tax
8 967
7 606
9 242
8 735
After tax
11 533
12 894
11 258
11 765
Living cost
9 620
9 620
9 620
9 620
Free-cash
1 913
3 274
1 638
2 145

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
-₴763
-₴3260
-₴365
-₴1517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
municipal
-
-
-
122
regional
-
-
-
309
national
-
-
-
3 623
social contributions
-
-
-
5 273
total
-
-
-
9 327
Employee
23 759
-
20 500
-
social contributions
8 012
-
6 913
-
regional
320
-
276
-
municipal
126
-
109
-
national
3 764
-
3 181
-
total
12 222
-
10 479
-
Employer
23 759
-
20 500
-
total
-
-
-
-
Corporate
-
20 500
-
-
nationa
-
4 920
-
-
municipal
-
1 019
-
-
total
-
5 939
-
-
Dividends
-
14 561
-
-
withholding
-
3 786
-
-
total
-
3 786
-
-
Income
20 500
20 500
20 500
20 500
Total tax
12 222
9 725
10 479
9 327
After tax
8 278
10 775
10 021
11 173
Living cost
11 538
11 538
11 538
11 538
Free-cash
-3 260
-763
-1 517
-365

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴1473
-₴4410
-₴2657
-₴2238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
1 762
health
-
-
-
2 768
solidarity contribution
-
-
-
-
social contributions
-
-
-
5 986
total
-
-
-
10 516
Employee
18 589
-
15 299
-
social contributions
1 208
-
994
-
health
2 510
-
2 065
-
solidarity contribution
-
-
-
-
income
2 231
-
1 836
-
total
5 949
-
4 895
-
Employer
18 589
-
15 299
-
social contributions
4 647
-
3 825
-
health
1 673
-
1 377
-
total
6 320
-
5 202
-
Corporate
-
20 500
-
-
income
-
3 895
-
-
total
-
3 895
-
-
Dividends
-
16 605
-
-
withholding
-
2 491
-
-
total
-
2 491
-
-
Income
20 500
20 500
20 500
20 500
Total tax
12 269
6 386
10 097
10 516
After tax
8 231
14 114
10 403
9 984
Living cost
12 641
12 641
12 641
12 641
Free-cash
-4 410
1 473
-2 238
-2 657

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-₴2834
-₴4018
-₴2128
-₴5555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
chamber of commerce
-
-
-
82
income
-
-
-
893
pensions
-
-
-
3 793
unemployment
-
-
-
2 627
health
-
-
-
1 568
surtax
-
-
-
-
total
-
-
-
8 963
Employee
18 723
17 069
17 069
-
other
187
171
158
-
health
724
661
614
-
income
1 668
1 259
1 314
-
pensions
1 917
1 748
1 623
-
unemployment
562
512
475
-
total
5 058
4 351
4 184
-
Employer
18 723
17 069
17 069
-
accident
243
222
206
-
other
889
810
801
-
chamber of commerce
75
68
68
-
unemployment
562
512
475
-
surtax
-
-
-
-
pensions
2 350
2 143
1 989
-
payroll
562
512
512
-
health
708
645
599
-
total
5 389
4 912
4 650
-
Corporate
1 626
1 626
14 224
-
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
3 556
-
total
406
406
3 556
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
10 853
9 669
12 390
8 963
After tax
9 647
10 831
8 110
11 537
Living cost
13 665
13 665
13 665
13 665
Free-cash
-4 018
-2 834
-5 555
-2 128

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
₴13470
₴12344
₴14290
₴10395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
20 500
microenterprise

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

-
-
-
205
total
-
-
-
205
Employee
7 506
-
20 500
-
income
1 501
-
4 100
-
total
1 501
-
4 100
-
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%.

12 994
20 500
-
-
total
-
-
-
-
Dividends
12 994
20 500
-
-
withholding
650
1 025
-
-
total
650
1 025
-
-
Income
20 500
20 500
20 500
20 500
Total tax
2 151
1 025
4 100
205
After tax
18 349
19 475
16 400
20 295
Living cost
6 005
6 005
6 005
6 005
Free-cash
12 344
13 470
10 395
14 290

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
₴2627
-₴1388
-₴34
-₴685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
income
-
-
-
3 254
pensions
-
-
-
3 744
unemployment
-
-
-
31
health
-
-
-
2 017
total
-
-
-
9 046
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
-
17 738
-
health
1 223
-
1 146
-
income
3 266
-
3 013
-
pensions
2 936
-
2 750
-
unemployment
27
-
25
-
total
7 452
-
6 934
-
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
-
17 738
-
unemployment
11
-
11
-
pensions
1 676
-
1 570
-
health
1 261
-
1 182
-
total
2 948
-
2 763
-
Corporate
-
20 500
-
-
income
-
3 895
-
-
total
-
3 895
-
-
Dividends
-
16 605
-
-
withholding
-
2 490
-
-
total
-
2 490
-
-
Income
20 500
20 500
20 500
20 500
Total tax
10 400
6 385
9 697
9 046
After tax
10 100
14 115
10 803
11 454
Living cost
11 488
11 488
11 488
11 488
Free-cash
-1 388
2 627
-685
-34

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
-₴6024
-₴43415
-₴4329
-₴3635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
3 996
social contributions
-
-
-
2 337
total
-
-
-
6 333
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
20 500
-
-
income
-
4 510
-
-
total
-
4 510
-
-
Dividends
-
15 990
-
-
income
-
3 518
-
-
total
-
3 518
-
-
Income
20 500
20 500
20 500
20 500
Total tax
45 419
8 028
5 639
6 333
After tax
-24 919
12 472
14 861
14 167
Living cost
18 496
18 496
18 496
18 496
Free-cash
-43 415
-6 024
-3 635
-4 329

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-₴1775
-₴3877
-₴1466
-₴1925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
income
-
-
-
1 408
surtax
-
-
-
-
social contributions

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

-
-
-
7 123
total
-
-
-
8 531
Employee
19 699
-
16 565
-
social contributions
2 167
-
1 822
-
surtax
-
-
-
-
income
4 097
-
3 234
-
total
6 264
-
5 056
-
Employer
19 699
-
16 565
-
social contributions
4 678
-
3 934
-
total
4 678
-
3 934
-
Corporate
-
20 500
-
-
surtax
-
-
-
-
income
-
4 305
-
-
total
-
4 305
-
-
Dividends
-
16 195
-
-
withholding
-
4 535
-
-
total
-
4 535
-
-
Income
20 500
20 500
20 500
20 500
Total tax
10 942
8 840
8 990
8 531
After tax
9 558
11 660
11 510
11 969
Living cost
13 435
13 435
13 435
13 435
Free-cash
-3 877
-1 775
-1 925
-1 466

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
-₴10355
-₴14705
-₴8309
-₴8029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
713
pensions
-
-
-
6 012
other
-
-
-
636
health
-
-
-
177
surtax
-
-
-
-
social contributions
-
-
-
584
total
-
-
-
8 122
Employee
26 826
-
15 622
-
social contributions
764
-
445
-
surtax
-
-
-
-
income
2 341
-
754
-
pensions
3 034
-
1 766
-
total
6 139
-
2 965
-
Employer
26 826
-
15 622
-
other
926
-
539
-
social contributions
80
-
47
-
unemployment
1 087
-
632
-
pensions
4 408
-
2 566
-
health
1 878
-
1 093
-
total
8 379
-
4 877
-
Corporate
-
20 500
-
-
surtax
-
-
-
-
income
-
5 740
-
-
total
-
5 740
-
-
Dividends
-
14 760
-
-
surtax
-
-
-
-
social contributions
-
2 539
-
-
withholding
-
1 889
-
-
total
-
4 428
-
-
Income
20 500
20 500
20 500
20 500
Total tax
14 518
10 168
7 842
8 122
After tax
5 982
10 332
12 658
12 378
Living cost
20 687
20 687
20 687
20 687
Free-cash
-14 705
-10 355
-8 029
-8 309

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
₴5575
₴4137
₴3115
₴3721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
-
social contributions
-
-
-
4 510
total
-
-
-
4 510
Employee
13 770
-
17 749
-
income
-
-
-
-
social contributions
895
-
1 153
-
total
895
-
1 153
-
Employer
13 770
-
17 749
-
social contributions
2 134
-
2 751
-
total
2 134
-
2 751
-
Corporate
4 596
20 500
-
-
income
459
2 050
-
-
total
459
2 050
-
-
Dividends
4 137
18 450
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
3 488
2 050
3 904
4 510
After tax
17 012
18 450
16 596
15 990
Living cost
12 875
12 875
12 875
12 875
Free-cash
4 137
5 575
3 721
3 115

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
-₴72861
-₴72861
-₴7065
-₴72861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
municipal
-
-
-
3 114
pensions
-
-
-
371
national
-
-
-
1 833
labour market
-
-
-
1 610
total
-
-
-
6 928
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
72 724
72 724
72 724
6 928
After tax
-52 224
-52 224
-52 224
13 572
Living cost
20 637
20 637
20 637
20 637
Free-cash
-72 861
-72 861
-72 861
-7 065

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
-₴7567
₴246
₴4982
₴1598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
accident
-
-
-
108
income
-
-
-
3 325
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 290
Employee
14 517
-
17 029
-
health
1 662
-
1 950
-
income
1 992
-
2 336
-
pensions
1 635
-
1 918
-
total
5 289
-
6 204
-
Employer
14 517
-
17 029
-
accident
242
-
284
-
unemployment
356
-
417
-
pensions
2 360
-
2 769
-
total
2 958
-
3 470
-
Corporate
3 025
20 500
-
-
income

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

2 722
18 450
-
-
total
2 722
18 450
-
-
Dividends
302
2 050
-
-
withholding
57
389
-
-
total
57
389
-
-
Income
20 500
20 500
20 500
20 500
Total tax
11 026
18 839
9 674
6 290
After tax
9 474
1 661
10 826
14 210
Living cost
9 228
9 228
9 228
9 228
Free-cash
246
-7 567
1 598
4 982

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
-₴2258
-₴6286
-₴110
-₴3625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
20 500
municipal
-
-
-
3 666
health
-
-
-
137
national
-
-
-
363
total
-
-
-
4 166
Employee
22 534
-
17 246
-
health
168
-
87
-
municipal
3 691
-
2 833
-
pensions
1 521
-
1 164
-
unemployment
338
-
258
-
national
372
-
86
-
total
6 090
-
4 428
-
Employer
22 534
-
17 246
-
accident
23
-
17
-
unemployment
146
-
112
-
pensions
3 910
-
2 992
-
health
173
-
132
-
total
4 252
-
3 253
-
Corporate
-
20 500
-
-
income
-
4 100
-
-
total
-
4 100
-
-
Dividends

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

-
12 300
-
-
national
-
-
-
-
municipal
-
2 214
-
-
total
-
2 214
-
-
Income
20 500
20 500
20 500
20 500
Total tax
10 342
6 314
7 681
4 166
After tax
10 158
14 186
12 819
16 334
Living cost
16 444
16 444
16 444
16 444
Free-cash
-6 286
-2 258
-3 625
-110

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
₴898
₴2887
₴6676
₴3356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
186
health
-
-
-
523
social contributions
-
-
-
3 198
total
-
-
-
3 907
Employee
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 544
-
health
255
560
316
-
income
3 586
3 049
3 478
-
total
5 086
6 342
5 338
-
Employer
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 544
-
health
277
610
345
-
total
1 522
3 343
1 889
-
Corporate
3 974
-
-
-
income
497
-
-
-
total
497
-
-
-
Dividends
3 478
-
-
-
withholding
591
-
-
-
total
591
-
-
-
Income
20 500
20 500
20 500
20 500
Total tax
7 696
9 685
7 227
3 907
After tax
12 804
10 815
13 273
16 593
Living cost
9 917
9 917
9 917
9 917
Free-cash
2 887
898
3 356
6 676

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
₴10176
₴7996
₴7781
₴5922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 500
income
-
-
-
1 632
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
5 919
Employee

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

9 831
-
18 586
-
health
836
-
1 580
-
income
672
-
1 402
-
pensions
1 474
-
2 788
-
unemployment
49
-
93
-
total
3 031
-
5 863
-
Employer

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

9 831
-
18 586
-
unemployment
49
-
93
-
pensions
541
-
1 023
-
health
423
-
799
-
total
1 013
-
1 915
-
Corporate
9 657
20 500
-
-
income
869
1 845
-
-
total
869
1 845
-
-
Dividends
8 788
18 655
-
-
withholding
791
1 679
-
-
total
791
1 679
-
-
Income
20 500
20 500
20 500
20 500
Total tax
5 704
3 524
7 778
5 919
After tax
14 796
16 976
12 722
14 581
Living cost
6 800
6 800
6 800
6 800
Free-cash
7 996
10 176
5 922
7 781

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
₴2085
-₴385
-₴367
-₴207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
accident
-
-
-
185
income
-
-
-
2 938
pensions
-
-
-
5 802
other
-
-
-
20
unemployment
-
-
-
144
total
-
-
-
9 089
Employee
15 837
-
15 544
-
other
15
-
15
-
income
3 053
-
2 987
-
pensions
745
-
731
-
unemployment
245
-
241
-
total
4 058
-
3 974
-
Employer
15 837
-
15 544
-
accident
314
-
308
-
other
127
-
124
-
unemployment
871
-
855
-
pensions
3 737
-
3 668
-
total
5 049
-
4 955
-
Corporate
-
20 500
-
-
income

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

-
3 075
-
-
total
-
3 075
-
-
Dividends
-
17 425
-
-
withholding
-
3 562
-
-
total
-
3 562
-
-
Income
20 500
20 500
20 500
20 500
Total tax
9 107
6 637
8 929
9 089
After tax
11 393
13 863
11 571
11 411
Living cost
11 778
11 778
11 778
11 778
Free-cash
-385
2 085
-207
-367

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
₴11622
₴11429
₴11468
₴11386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
6 390
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
7 862
Employee
1 782
-
19 540
-
health
89
-
213
-
income
345
-
6 345
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
6 985
-
Employer
1 782
-
19 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
18 317
20 500
-
-
income
4 030
4 510
-
-
total
4 030
4 510
-
-
Dividends
14 288
15 990
-
-
withholding
2 858
3 198
-
-
total
2 858
3 198
-
-
Income
20 500
20 500
20 500
20 500
Total tax
7 901
7 708
7 944
7 862
After tax
12 599
12 792
12 556
12 638
Living cost
1 170
1 170
1 170
1 170
Free-cash
11 429
11 622
11 386
11 468

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
₴7403
₴5295
₴2853
₴3736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
income
-
-
-
2 491
pensions
-
-
-
5 330
unemployment
-
-
-
307
health
-
-
-
2 111
total
-
-
-
10 239
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
-
17 388
-
health
575
-
895
-
income
1 540
-
2 785
-
pensions
1 564
-
2 434
-
unemployment
84
-
130
-
total
3 763
-
6 244
-
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
-
17 388
-
unemployment
84
-
130
-
pensions
1 340
-
2 087
-
health
575
-
895
-
total
1 999
-
3 112
-
Corporate
7 330
20 500
-
-
income
1 100
3 075
-
-
total
1 100
3 075
-
-
Dividends
6 231
17 425
-
-
withholding
935
2 614
-
-
total
935
2 614
-
-
Income
20 500
20 500
20 500
20 500
Total tax
7 797
5 689
9 356
10 239
After tax
12 703
14 811
11 144
10 261
Living cost
7 408
7 408
7 408
7 408
Free-cash
5 295
7 403
3 736
2 853

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
₴113
-₴72
₴422
-₴37
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
income
-
-
-
1 408
surtax
-
-
-
-
social contributions

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

-
-
-
7 123
total
-
-
-
8 531
Employee
16 624
-
16 565
-
social contributions
1 829
-
1 822
-
surtax
-
-
-
-
income
3 248
-
3 234
-
total
5 077
-
5 056
-
Employer
16 624
-
16 565
-
social contributions
3 948
-
3 934
-
total
3 948
-
3 934
-
Corporate
-
20 500
-
-
surtax
-
-
-
-
income
-
4 305
-
-
total
-
4 305
-
-
Dividends
-
16 195
-
-
withholding
-
4 535
-
-
total
-
4 535
-
-
Income
20 500
20 500
20 500
20 500
Total tax
9 025
8 840
8 990
8 531
After tax
11 475
11 660
11 510
11 969
Living cost
11 547
11 547
11 547
11 547
Free-cash
-72
113
-37
422

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-₴1190
-₴6781
-₴3642
-₴3482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
accident
-
-
-
185
income
-
-
-
2 938
pensions
-
-
-
5 802
other
-
-
-
20
unemployment
-
-
-
144
total
-
-
-
9 089
Employee
20 686
-
15 544
-
other
20
-
15
-
income
4 320
-
2 987
-
pensions
972
-
731
-
unemployment
320
-
241
-
total
5 632
-
3 974
-
Employer
20 686
-
15 544
-
accident
410
-
308
-
other
166
-
124
-
unemployment
1 138
-
855
-
pensions
4 882
-
3 668
-
total
6 596
-
4 955
-
Corporate
-
20 500
-
-
income

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

-
3 075
-
-
total
-
3 075
-
-
Dividends
-
17 425
-
-
withholding
-
3 562
-
-
total
-
3 562
-
-
Income
20 500
20 500
20 500
20 500
Total tax
12 228
6 637
8 929
9 089
After tax
8 272
13 863
11 571
11 411
Living cost
15 053
15 053
15 053
15 053
Free-cash
-6 781
-1 190
-3 482
-3 642

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
₴10156
₴7544
₴6055
₴6266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
3 075
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
-
-
-
7 073
Employee
9 762
-
17 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
1 756
-
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
-
3 924
-
Employer
9 762
-
17 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
8 822
20 500
-
-
income
882
2 050
-
-
total
882
2 050
-
-
Dividends
7 940
18 450
-
-
withholding
397
922
-
-
total
397
922
-
-
Income
20 500
20 500
20 500
20 500
Total tax
5 584
2 972
6 862
7 073
After tax
14 916
17 528
13 638
13 427
Living cost
7 372
7 372
7 372
7 372
Free-cash
7 544
10 156
6 266
6 055

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
-₴5896
-₴811
-₴663
-₴578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
trade
-
-
-
85
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.

-
-
-
1 531
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.

-
-
-
85
total
-
-
-
4 627
Employee

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

21 311
-
20 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
85
-
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
-
1 531
-
total
4 775
-
4 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
20 500
-
-
surtax

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

-
169
-
-
income
-
3 075
-
-
trade
-
2 942
-
-
chamber of commerce
-
95
-
-
total
-
6 281
-
-
Dividends
-
14 219
-
-
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.

-
187
-
-
withholding
-
3 392
-
-
total
-
3 579
-
-
Income
20 500
20 500
20 500
20 500
Total tax
4 775
9 860
4 542
4 627
After tax
15 725
10 640
15 958
15 873
Living cost
16 536
16 536
16 536
16 536
Free-cash
-811
-5 896
-578
-663

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
-₴10050
-₴13004
-₴8011
-₴8011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
2 759
social contributions
-
-
-
1 353
total
-
-
-
4 112
Employee
33 504
-
20 500
-
income
6 322
-
2 759
-
social contributions
2 783
-
1 353
-
total
9 105
-
4 112
-
Employer
33 504
-
20 500
-
total
-
-
-
-
Corporate
-
20 500
-
-
income
-
2 563
-
-
total
-
2 563
-
-
Dividends
-
17 937
-
-
withholding
-
3 588
-
-
total
-
3 588
-
-
Income
20 500
20 500
20 500
20 500
Total tax
9 105
6 151
4 112
4 112
After tax
11 395
14 349
16 388
16 388
Living cost
24 399
24 399
24 399
24 399
Free-cash
-13 004
-10 050
-8 011
-8 011

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
-₴4222
-₴2397
-₴10101
-₴686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
18 633
-
income
2 132
-
1 904
-
social contributions
1 969
-
1 867
-
total
4 101
-
3 771
-
Employer
19 648
-
18 633
-
social contributions
1 969
-
1 867
-
total
1 969
-
1 867
-
Corporate
-
20 500
-
-
income
-
7 175
-
-
total
-
7 175
-
-
Dividends
-
13 325
-
-
social contributions
1 279
1 999
-
-
total
1 279
1 999
-
-
Income
20 500
20 500
20 500
20 500
Total tax
7 349
9 174
5 638
15 053
After tax
13 151
11 326
14 862
5 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
-2 397
-4 222
-686
-10 101

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-₴606
-₴4045
-₴466
-₴2404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
income
-
-
-
3 874
pensions
-
-
-
1 127
total
-
-
-
5 001
Employee
21 914
-
18 419
-
health
286
-
214
-
income
3 991
-
3 391
-
pensions
1 673
-
1 253
-
total
5 950
-
4 858
-
Employer
21 914
-
18 419
-
pensions
2 214
-
1 731
-
health
416
-
350
-
total
2 630
-
2 081
-
Corporate
-
20 500
-
-
income

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

-
3 895
-
-
total
-
3 895
-
-
Dividends
-
16 605
-
-
withholding
-
1 246
-
-
total
-
1 246
-
-
Income
20 500
20 500
20 500
20 500
Total tax
8 580
5 141
6 939
5 001
After tax
11 920
15 359
13 561
15 499
Living cost
15 965
15 965
15 965
15 965
Free-cash
-4 045
-606
-2 404
-466

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
-₴8481
₴104
₴4068
₴684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
accident
-
-
-
108
income
-
-
-
3 325
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 290
Employee
15 954
-
17 029
-
health
1 827
-
1 950
-
income
2 189
-
2 336
-
pensions
1 796
-
1 918
-
total
5 812
-
6 204
-
Employer
15 954
-
17 029
-
accident
266
-
284
-
unemployment
391
-
417
-
pensions
2 594
-
2 769
-
total
3 251
-
3 470
-
Corporate
1 295
20 500
-
-
income

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

1 166
18 450
-
-
total
1 166
18 450
-
-
Dividends
129
2 050
-
-
withholding
25
389
-
-
total
25
389
-
-
Income
20 500
20 500
20 500
20 500
Total tax
10 254
18 839
9 674
6 290
After tax
10 246
1 661
10 826
14 210
Living cost
10 142
10 142
10 142
10 142
Free-cash
104
-8 481
684
4 068

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
₴11640
₴9557
₴6529
₴6529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20 500
work injury
-
-
-
102
health insurance
-
-
-
1 517
income
-
-
-
2 549
pensions
-
-
-
3 772
unemployment
-
-
-
246
total
-
-
-
8 186
Employee

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

9 257
-
20 500
-
work injury
46
-
102
-
income
926
-
2 549
-
pensions
1 703
-
3 772
-
health insurance
685
-
1 517
-
unemployment
111
-
246
-
total
3 471
-
8 186
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 243
20 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
11 243
20 500
-
-
withholding
1 687
3 075
-
-
total
1 687
3 075
-
-
Income
20 500
20 500
20 500
20 500
Total tax
5 158
3 075
8 186
8 186
After tax
15 342
17 425
12 314
12 314
Living cost
5 785
5 785
5 785
5 785
Free-cash
9 557
11 640
6 529
6 529

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
-₴6265
-₴15592
-₴5890
-₴7028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
20 500
municipal
-
-
-
137
regional
-
-
-
294
national
-
-
-
3 623
social contributions
-
-
-
5 273
total
-
-
-
9 327
Employee
36 092
-
20 500
-
social contributions
12 170
-
6 913
-
regional
545
-
249
-
municipal
215
-
122
-
national
6 099
-
3 181
-
total
19 029
-
10 465
-
Employer
36 092
-
20 500
-
total
-
-
-
-
Corporate
-
20 500
-
-
nationa
-
4 920
-
-
municipal
-
988
-
-
total
-
5 908
-
-
Dividends
-
14 592
-
-
withholding
-
3 794
-
-
total
-
3 794
-
-
Income
20 500
20 500
20 500
20 500
Total tax
19 029
9 702
10 465
9 327
After tax
1 471
10 798
10 035
11 173
Living cost
17 063
17 063
17 063
17 063
Free-cash
-15 592
-6 265
-7 028
-5 890

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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