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
₴ 21000
per

Your estimated
City
free-cash

Dresden , Germany
₴3159
₴3327
₴2436
-₴2307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
trade
-
-
-
168
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.

-
-
-
2 930
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.

-
-
-
1 663
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.

-
-
-
91
total
-
-
-
4 852
Employee

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

16 401
-
21 000
-
surtax

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

25
-
91
-
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
-
1 663
-
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.

2 930
-
2 930
-
total
3 413
-
4 684
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 599
21 000
-
-
trade
724
3 307
-
-
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.

38
173
-
-
income
690
3 150
-
-
chamber of commerce
72
95
-
-
total
1 524
6 725
-
-
Dividends
3 074
14 274
-
-
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.

33
187
-
-
withholding
605
3 406
-
-
total
638
3 593
-
-
Income
21 000
21 000
21 000
21 000
Total tax
5 575
10 318
4 684
4 852
After tax
15 425
10 682
16 316
16 148
Living cost
12 989
12 989
12 989
12 989
Free-cash
2 436
-2 307
3 327
3 159

Estimated living cost  is ₴12989 per week

₴8170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8266
-₴8100
-₴15579
-₴8529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
226
municipal
-
-
-
1 917
national
-
-
-
2 970
pensions
-
-
-
2 520
total
-
-
-
7 633
Employee
33 535
-
18 154
-
pensions
1 341
-
726
-
national
6 419
-
3 096
-
municipal
4 142
-
1 998
-
total
11 902
-
5 820
-
Employer
33 535
-
18 154
-
pensions
2 683
-
1 452
-
social contributions
361
-
195
-
total
3 044
-
1 647
-
Corporate
-
21 000
-
-
income

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

-
4 200
-
-
total
-
4 200
-
-
Dividends
-
16 800
-
-
withholding
-
3 696
-
-
total
-
3 696
-
-
Income
21 000
21 000
21 000
21 000
Total tax
14 946
7 896
7 467
7 633
After tax
6 054
13 104
13 533
13 367
Living cost
21 633
21 633
21 633
21 633
Free-cash
-15 579
-8 529
-8 100
-8 266

Estimated living cost  is ₴21633 per week

₴14704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴7579
₴3127
₴4361
₴7879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
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.

-
-
-
1 350
income
-
-
-
-
microenterprise
-
-
-
3 150
surtax
-
-
-
-
total
-
-
-
4 500
Employee
12 530
-
16 923
-
income
2 231
-
3 013
-
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.

1 379
-
1 862
-
surtax
-
-
-
-
total
3 610
-
4 875
-
Employer
12 530
-
16 923
-
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.

3 018
-
4 077
-
surtax
-
-
-
-
total
3 018
-
4 077
-
Corporate
5 451
21 000
-
-
income

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

1 090
4 200
-
-
total
1 090
4 200
-
-
Dividends

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

4 361
16 800
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
7 718
4 200
8 952
4 500
After tax
13 282
16 800
12 048
16 500
Living cost
8 921
8 921
8 921
8 921
Free-cash
4 361
7 879
3 127
7 579

Estimated living cost  is ₴8921 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5921
-₴21582
-₴21582
-₴19175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
health
-
-
-
3 223
income
-
-
-
1 954
pensions
-
-
-
3 780
total
-
-
-
8 957
Employee
36 619
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
6 591
5 024
6 591
-
health
5 621
4 781
5 621
-
total
18 206
15 799
18 206
-
Employer
36 619
36 619
36 619
-
pensions
2 549
2 549
2 549
-
health
2 545
2 545
2 545
-
unemployment
1 318
1 318
1 318
-
total
6 412
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
24 618
22 211
24 618
8 957
After tax
-3 618
-1 211
-3 618
12 043
Living cost
17 964
17 964
17 964
17 964
Free-cash
-21 582
-19 175
-21 582
-5 921

Estimated living cost  is ₴17964 per week

₴12731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6020
-₴5275
-₴9877
-₴5023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
2 440
unemployment
-
-
-
21
accident
-
-
-
42
municipal
-
-
-
4 448
health
-
-
-
1 310
national
-
-
-
-
pensions
-
-
-
2 270
total
-
-
-
10 531
Employee
23 495
-
15 979
-
national
-
-
-
-
municipal
7 006
-
4 765
-
total
7 006
-
4 765
-
Employer
23 495
-
15 979
-
pensions
2 540
-
1 727
-
other
2 730
-
1 857
-
accident
47
-
32
-
health
1 445
-
983
-
unemployment
620
-
422
-
total
7 382
-
5 021
-
Corporate
-
21 000
-
-
income
-
4 620
-
-
total
-
4 620
-
-
Dividends
-
16 380
-
-
withholding
-
4 914
-
-
total
-
4 914
-
-
Income
21 000
21 000
21 000
21 000
Total tax
14 388
9 534
9 786
10 531
After tax
6 612
11 466
11 214
10 469
Living cost
16 489
16 489
16 489
16 489
Free-cash
-9 877
-5 023
-5 275
-6 020

Estimated living cost  is ₴16489 per week

₴10928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
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.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴705
-₴530
-₴747
-₴6273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
trade
-
-
-
175
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.

-
-
-
2 930
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.

-
-
-
1 663
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.

-
-
-
91
total
-
-
-
4 859
Employee

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

21 746
-
21 000
-
surtax

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

103
-
91
-
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.

1 868
-
1 663
-
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.

2 930
-
2 930
-
total
4 901
-
4 684
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 000
-
-
trade
-
3 454
-
-
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.

-
173
-
-
income
-
3 150
-
-
chamber of commerce
-
95
-
-
total
-
6 872
-
-
Dividends
-
14 127
-
-
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.

-
186
-
-
withholding
-
3 369
-
-
total
-
3 555
-
-
Income
21 000
21 000
21 000
21 000
Total tax
4 901
10 427
4 684
4 859
After tax
16 099
10 573
16 316
16 141
Living cost
16 846
16 846
16 846
16 846
Free-cash
-747
-6 273
-530
-705

Estimated living cost  is ₴16846 per week

₴11267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
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.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3016
-₴220
-₴261
-₴2606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
3 276
health
-
-
-
535
income
-
-
-
264
total
-
-
-
4 075
Employee
32 974
32 974
32 974
-
income
3 463
3 052
3 469
-
social contributions
1 602
2 737
1 583
-
health
328
561
324
-
total
5 393
6 350
5 376
-
Employer
32 974
32 974
32 974
-
health
357
610
352
-
social contributions
1 602
2 737
1 583
-
total
1 959
3 347
1 935
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
7 352
9 697
7 311
4 075
After tax
13 648
11 303
13 689
16 925
Living cost
13 909
13 909
13 909
13 909
Free-cash
-261
-2 606
-220
3 016

Estimated living cost  is ₴13909 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
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.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6727
₴4353
₴4255
₴4091
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
unemployment
-
-
-
315
health
-
-
-
1 470
income
-
-
-
2 567
pensions
-
-
-
2 100
total
-
-
-
6 452
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.

11 289
4 493
17 573
-
income
1 380
549
2 148
-
pensions
1 129
449
1 757
-
unemployment
169
67
264
-
health
790
315
1 230
-
total
3 468
1 380
5 399
-
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.

11 289
4 493
17 573
-
pensions
2 201
876
3 427
-
total
2 201
876
3 427
-
Corporate
7 509
15 631
-
-
income
676
1 407
-
-
total
676
1 407
-
-
Dividends
6 834
14 224
-
-
social contributions
1 281
2 722
-
-
withholding
1 298
2 703
-
-
total
2 579
5 425
-
-
Income
21 000
21 000
21 000
21 000
Total tax
8 924
9 088
8 826
6 452
After tax
12 076
11 912
12 174
14 548
Living cost
7 821
7 821
7 821
7 821
Free-cash
4 255
4 091
4 353
6 727

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1613
₴2345
₴3778
₴6442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
health
-
-
-
2 730
income
-
-
-
2 099
pensions
-
-
-
4 200
total
-
-
-
9 029
Employee
12 165
-
15 695
-
income
1 370
-
2 428
-
pensions
243
-
314
-
unemployment
194
-
251
-
total
1 807
-
2 993
-
Employer
12 165
-
15 695
-
pensions
2 433
-
3 139
-
health
1 581
-
2 040
-
unemployment
98
-
125
-
total
4 112
-
5 304
-
Corporate
4 723
21 000
-
-
income
945
4 200
-
-
total
945
4 200
-
-
Dividends
3 778
16 800
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
6 864
4 200
8 297
9 029
After tax
14 136
16 800
12 703
11 971
Living cost
10 358
10 358
10 358
10 358
Free-cash
3 778
6 442
2 345
1 613

Estimated living cost  is ₴10358 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
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.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5153
₴1694
₴259
-₴7697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
3 474
pensions
-
-
-
1 777
total
-
-
-
6 449
Employee
14 784
-
17 445
-
income
2 028
-
2 393
-
pensions
1 665
-
1 964
-
health
1 693
-
1 997
-
total
5 386
-
6 354
-
Employer
14 784
-
17 445
-
pensions
2 404
-
2 836
-
accident
247
-
291
-
unemployment
362
-
427
-
total
3 013
-
3 554
-
Corporate
3 203
21 000
-
-
income

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

2 883
18 900
-
-
total
2 883
18 900
-
-
Dividends
320
2 100
-
-
withholding
61
399
-
-
total
61
399
-
-
Income
21 000
21 000
21 000
21 000
Total tax
11 343
19 299
9 908
6 449
After tax
9 657
1 701
11 092
14 551
Living cost
9 398
9 398
9 398
9 398
Free-cash
259
-7 697
1 694
5 153

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16926
₴12936
₴15361
₴16086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
21 000
microenterprise

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

-
-
-
210
total
-
-
-
210
Employee
4 830
-
21 000
-
income
966
-
4 200
-
total
966
-
4 200
-
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%.

16 170
21 000
-
-
total
-
-
-
-
Dividends
16 170
21 000
-
-
withholding
809
1 050
-
-
total
809
1 050
-
-
Income
21 000
21 000
21 000
21 000
Total tax
1 775
1 050
4 200
210
After tax
19 225
19 950
16 800
20 790
Living cost
3 864
3 864
3 864
3 864
Free-cash
15 361
16 086
12 936
16 926

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
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.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴56
₴884
₴1106
₴4003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
998
health
-
-
-
924
income
-
-
-
2 668
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.

-
-
-
5 040
total
-
-
-
9 630
Employee
15 570
-
16 773
-
income
2 681
-
2 887
-
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.

1 090
-
1 173
-
unemployment
155
-
168
-
health
218
-
235
-
total
4 144
-
4 463
-
Employer
15 570
-
16 773
-
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.

2 647
-
2 851
-
other
779
-
839
-
accident
125
-
134
-
health
218
-
235
-
unemployment
155
-
168
-
total
3 924
-
4 227
-
Corporate
1 506
21 000
-
-
income
317
4 410
-
-
total
317
4 410
-
-
Dividends
1 190
16 590
-
-
withholding
83
1 161
-
-
total
83
1 161
-
-
Income
21 000
21 000
21 000
21 000
Total tax
8 468
5 571
8 690
9 630
After tax
12 532
15 429
12 310
11 370
Living cost
11 426
11 426
11 426
11 426
Free-cash
1 106
4 003
884
-56

Estimated living cost  is ₴11426 per week

₴8073
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.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12979
-₴14979
-₴25401
-₴13109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
income
-
-
-
3 966
pensions
-
-
-
1 170
total
-
-
-
5 136
Employee
40 808
-
18 853
-
income
7 356
-
3 466
-
pensions
3 937
-
1 302
-
health
672
-
222
-
total
11 965
-
4 990
-
Employer
40 808
-
18 853
-
pensions
4 818
-
1 788
-
health
775
-
358
-
total
5 593
-
2 146
-
Corporate
-
21 000
-
-
income

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

-
3 990
-
-
total
-
3 990
-
-
Dividends
-
17 010
-
-
withholding
-
1 276
-
-
total
-
1 276
-
-
Income
21 000
21 000
21 000
21 000
Total tax
17 558
5 266
7 136
5 136
After tax
3 442
15 734
13 864
15 864
Living cost
28 843
28 843
28 843
28 843
Free-cash
-25 401
-13 109
-14 979
-12 979

Estimated living cost  is ₴28843 per week

₴21612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8231
₴8466
₴10342
₴12334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 150
pensions

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

-
-
-
2 216
total
-
-
-
7 148
Employee
7 443
-
18 062
-
income
744
-
1 806
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
3 975
-
Employer
7 443
-
18 062
-
pensions

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

820
-
1 650
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 033
-
unemployment
45
-
90
-
total
1 461
-
2 938
-
Corporate
12 096
21 000
-
-
income
1 210
2 100
-
-
total
1 210
2 100
-
-
Dividends
10 886
18 900
-
-
withholding
544
945
-
-
total
544
945
-
-
Income
21 000
21 000
21 000
21 000
Total tax
5 037
3 045
6 913
7 148
After tax
15 963
17 955
14 087
13 852
Living cost
5 621
5 621
5 621
5 621
Free-cash
10 342
12 334
8 466
8 231

Estimated living cost  is ₴5621 per week

₴3282
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.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11736
-₴27397
-₴25718
-₴24990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
health
-
-
-
3 223
income
-
-
-
1 954
pensions
-
-
-
3 780
total
-
-
-
8 957
Employee
39 757
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
5 024
5 024
6 591
-
health
4 960
4 781
5 621
-
total
15 978
15 799
18 206
-
Employer
39 757
36 619
36 619
-
pensions
2 767
2 549
2 549
-
health
2 763
2 545
2 545
-
unemployment
1 431
1 318
1 318
-
total
6 961
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
22 939
22 211
24 618
8 957
After tax
-1 939
-1 211
-3 618
12 043
Living cost
23 779
23 779
23 779
23 779
Free-cash
-25 718
-24 990
-27 397
-11 736

Estimated living cost  is ₴23779 per week

₴17541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Amsterdam model

Close
Brno , Czech Republic
-₴70
₴358
₴488
₴4161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
6 132
health
-
-
-
2 835
income
-
-
-
1 805
solidarity contribution
-
-
-
-
total
-
-
-
10 772
Employee
15 144
-
15 672
-
income
1 817
-
1 881
-
solidarity contribution
-
-
-
-
social contributions
984
-
1 019
-
health
2 044
-
2 116
-
total
4 845
-
5 016
-
Employer
15 144
-
15 672
-
health
1 363
-
1 410
-
social contributions
3 786
-
3 918
-
total
5 149
-
5 328
-
Corporate
707
21 000
-
-
income
134
3 990
-
-
total
134
3 990
-
-
Dividends
573
17 010
-
-
withholding
86
2 551
-
-
total
86
2 551
-
-
Income
21 000
21 000
21 000
21 000
Total tax
10 214
6 541
10 344
10 772
After tax
10 786
14 459
10 656
10 228
Living cost
10 298
10 298
10 298
10 298
Free-cash
488
4 161
358
-70

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6549
-₴7734
-₴17112
-₴6891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
5 401
municipal
-
-
-
125
national
-
-
-
3 724
regional
-
-
-
204
total
-
-
-
9 454
Employee
38 111
-
21 000
-
national
6 604
-
3 270
-
social contributions
12 851
-
7 081
-
municipal
202
-
111
-
regional
360
-
177
-
total
20 017
-
10 639
-
Employer
38 111
-
21 000
-
total
-
-
-
-
Corporate
-
21 000
-
-
nationa
-
5 040
-
-
municipal
-
819
-
-
total
-
5 859
-
-
Dividends
-
15 142
-
-
withholding
-
3 937
-
-
total
-
3 937
-
-
Income
21 000
21 000
21 000
21 000
Total tax
20 017
9 796
10 639
9 454
After tax
983
11 204
10 361
11 546
Living cost
18 095
18 095
18 095
18 095
Free-cash
-17 112
-6 891
-7 734
-6 549

Estimated living cost  is ₴18095 per week

₴12613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
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.
₴4017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2585
₴2065
₴2412
₴3746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 491
income
-
-
-
3 043
surtax
-
-
-
120
pensions
-
-
-
4 200
total
-
-
-
8 952
Employee
14 181
-
17 348
-
income
2 377
-
2 908
-
pensions
946
-
1 157
-
unemployment
987
-
1 208
-
health
362
-
442
-
other
-
-
-
-
surtax
46
-
105
-
total
4 718
-
5 820
-
Employer
14 181
-
17 348
-
pensions
1 890
-
2 313
-
other
-
-
-
-
health
645
-
789
-
unemployment
449
-
550
-
total
2 984
-
3 652
-
Corporate
3 834
21 000
-
-
income
997
5 460
-
-
total
997
5 460
-
-
Dividends
2 838
15 540
-
-
withholding
426
2 331
-
-
total
426
2 331
-
-
Income
21 000
21 000
21 000
21 000
Total tax
9 125
7 791
9 472
8 952
After tax
11 875
13 209
11 528
12 048
Living cost
9 463
9 463
9 463
9 463
Free-cash
2 412
3 746
2 065
2 585

Estimated living cost  is ₴9463 per week

₴5786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3841
-₴5841
-₴9829
-₴3971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
income
-
-
-
3 966
pensions
-
-
-
1 170
total
-
-
-
5 136
Employee
27 348
-
18 853
-
income
4 926
-
3 466
-
pensions
2 321
-
1 302
-
health
397
-
222
-
total
7 644
-
4 990
-
Employer
27 348
-
18 853
-
pensions
2 960
-
1 788
-
health
520
-
358
-
total
3 480
-
2 146
-
Corporate
-
21 000
-
-
income

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

-
3 990
-
-
total
-
3 990
-
-
Dividends
-
17 010
-
-
withholding
-
1 276
-
-
total
-
1 276
-
-
Income
21 000
21 000
21 000
21 000
Total tax
11 124
5 266
7 136
5 136
After tax
9 876
15 734
13 864
15 864
Living cost
19 705
19 705
19 705
19 705
Free-cash
-9 829
-3 971
-5 841
-3 841

Estimated living cost  is ₴19705 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
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.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14544
-₴15721
-₴20547
-₴22811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other

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

-
-
-
420
health
-
-
-
106
city
-
-
-
221
national
-
-
-
50
regional
-
-
-
401
pensions
-
-
-
1 932
total
-
-
-
3 130
Employee
37 933
-
18 739
-
pensions
3 187
-
1 638
-
national
180
-
37
-
unemployment
-
-
-
-
city
407
-
201
-
health
86
-
42
-
regional
1 242
-
334
-
total
5 102
-
2 252
-
Employer
37 933
-
18 739
-
pensions
3 187
-
1 638
-
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.

758
-
375
-
health
86
-
42
-
unemployment
-
-
-
-
total
4 031
-
2 055
-
Corporate
-
21 000
-
-
regional
-
4 441
-
-
national
-
1 785
-
-
total
-
6 226
-
-
Dividends
-
14 774
-
-
withholding
-
5 171
-
-
total
-
5 171
-
-
Income
21 000
21 000
21 000
21 000
Total tax
9 133
11 397
4 307
3 130
After tax
11 867
9 603
16 693
17 870
Living cost
32 414
32 414
32 414
32 414
Free-cash
-20 547
-22 811
-15 721
-14 544

Estimated living cost  is ₴32414 per week

₴21078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3510
-₴3328
-₴4771
-₴9178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
trade
-
-
-
182
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.

-
-
-
2 930
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.

-
-
-
1 663
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.

-
-
-
91
total
-
-
-
4 866
Employee

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

25 771
-
21 000
-
surtax

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

167
-
91
-
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.

3 030
-
1 663
-
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.

2 930
-
2 930
-
total
6 127
-
4 684
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 000
-
-
trade
-
3 602
-
-
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.

-
173
-
-
income
-
3 150
-
-
chamber of commerce
-
94
-
-
total
-
7 019
-
-
Dividends
-
13 980
-
-
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.

-
183
-
-
withholding
-
3 332
-
-
total
-
3 515
-
-
Income
21 000
21 000
21 000
21 000
Total tax
6 127
10 534
4 684
4 866
After tax
14 873
10 466
16 316
16 134
Living cost
19 644
19 644
19 644
19 644
Free-cash
-4 771
-9 178
-3 328
-3 510

Estimated living cost  is ₴19644 per week

₴14347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2004
-₴1735
-₴3083
-₴4087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
651
social contributions
-
-
-
599
health
-
-
-
181
income
-
-
-
759
surtax
-
-
-
-
pensions
-
-
-
6 143
total
-
-
-
8 333
Employee
18 353
-
16 003
-
income
1 083
-
799
-
pensions
2 075
-
1 810
-
social contributions
523
-
457
-
surtax
-
-
-
-
total
3 681
-
3 066
-
Employer
18 353
-
16 003
-
pensions
3 015
-
2 629
-
other
633
-
552
-
health
1 285
-
1 121
-
unemployment
743
-
648
-
social contributions
55
-
48
-
total
5 731
-
4 998
-
Corporate
-
21 000
-
-
surtax
-
-
-
-
income
-
5 880
-
-
total
-
5 880
-
-
Dividends
-
15 120
-
-
surtax
-
-
-
-
social contributions
-
2 601
-
-
withholding
-
1 935
-
-
total
-
4 536
-
-
Income
21 000
21 000
21 000
21 000
Total tax
9 412
10 416
8 064
8 333
After tax
11 588
10 584
12 936
12 667
Living cost
14 671
14 671
14 671
14 671
Free-cash
-3 083
-4 087
-1 735
-2 004

Estimated living cost  is ₴14671 per week

₴9251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
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.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴551
-₴282
-₴500
-₴2634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
651
social contributions
-
-
-
599
health
-
-
-
181
income
-
-
-
759
surtax
-
-
-
-
pensions
-
-
-
6 143
total
-
-
-
8 333
Employee
16 382
-
16 003
-
income
845
-
799
-
pensions
1 853
-
1 810
-
social contributions
467
-
457
-
surtax
-
-
-
-
total
3 165
-
3 066
-
Employer
16 382
-
16 003
-
pensions
2 692
-
2 629
-
other
566
-
552
-
health
1 147
-
1 121
-
unemployment
663
-
648
-
social contributions
49
-
48
-
total
5 117
-
4 998
-
Corporate
-
21 000
-
-
surtax
-
-
-
-
income
-
5 880
-
-
total
-
5 880
-
-
Dividends
-
15 120
-
-
surtax
-
-
-
-
social contributions
-
2 601
-
-
withholding
-
1 935
-
-
total
-
4 536
-
-
Income
21 000
21 000
21 000
21 000
Total tax
8 282
10 416
8 064
8 333
After tax
12 718
10 584
12 936
12 667
Living cost
13 218
13 218
13 218
13 218
Free-cash
-500
-2 634
-282
-551

Estimated living cost  is ₴13218 per week

₴7666
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4393
₴3632
₴3942
₴3720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
2 898
health
-
-
-
1 466
income
-
-
-
3 150
total
-
-
-
7 514
Employee
14 539
-
21 000
-
income
2 425
-
3 911
-
social contributions
2 007
-
2 898
-
health
1 015
-
1 466
-
total
5 447
-
8 275
-
Employer
14 539
-
21 000
-
total
-
-
-
-
Corporate
6 461
21 000
-
-
income

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

323
1 050
-
-
total
323
1 050
-
-
Dividends
6 137
19 950
-
-
social contributions
847
2 753
-
-
health
428
1 392
-
-
withholding
920
2 992
-
-
total
2 195
7 137
-
-
Income
21 000
21 000
21 000
21 000
Total tax
7 965
8 187
8 275
7 514
After tax
13 035
12 813
12 725
13 486
Living cost
9 093
9 093
9 093
9 093
Free-cash
3 942
3 720
3 632
4 393

Estimated living cost  is ₴9093 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
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.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3382
-₴6796
-₴7089
-₴3877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
chamber of commerce
-
-
-
84
unemployment
-
-
-
2 630
health
-
-
-
1 606
income
-
-
-
982
surtax
-
-
-
85
pensions
-
-
-
3 885
total
-
-
-
9 272
Employee
21 430
17 089
17 089
-
income
2 440
1 261
1 301
-
pensions
2 195
1 750
1 658
-
unemployment
643
513
486
-
health
829
662
627
-
other
214
171
162
-
total
6 321
4 357
4 234
-
Employer
21 430
17 089
17 089
-
pensions
2 689
2 145
2 032
-
other
1 018
811
804
-
accident
278
222
211
-
health
810
646
612
-
payroll
643
513
513
-
chamber of commerce
85
68
68
-
unemployment
643
513
486
-
surtax
85
85
85
-
total
6 251
5 003
4 811
-
Corporate
1 628
1 628
14 562
-
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.

407
407
3 641
-
total
407
407
3 641
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
12 979
9 767
12 686
9 272
After tax
8 021
11 233
8 314
11 728
Living cost
15 110
15 110
15 110
15 110
Free-cash
-7 089
-3 877
-6 796
-3 382

Estimated living cost  is ₴15110 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
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.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3809
-₴6384
-₴18603
-₴3778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
2 095
communal

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

-
-
-
1 134
national
-
-
-
5 945
total
-
-
-
9 174
Employee

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

30 674
-
16 265
-
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.

2 301
-
1 220
-
national
9 430
-
4 038
-
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
-
142
-
communal

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

1 600
-
848
-
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.

1 441
-
765
-
total
15 039
-
7 013
-
Employer

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

30 674
-
16 265
-
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.

2 718
-
1 441
-
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.

399
-
212
-
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.

1 886
-
1 001
-
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.

448
-
238
-
surtax
3 478
-
1 844
-
total
8 929
-
4 736
-
Corporate
-
21 000
-
-
surtax
-
84
-
-
income
-
4 200
-
-
total
-
4 284
-
-
Dividends
-
16 716
-
-
withholding

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

-
4 859
-
-
total
-
4 859
-
-
Income
21 000
21 000
21 000
21 000
Total tax
23 968
9 143
11 749
9 174
After tax
-2 968
11 857
9 251
11 826
Living cost
15 635
15 635
15 635
15 635
Free-cash
-18 603
-3 778
-6 384
-3 809

Estimated living cost  is ₴15635 per week

₴10071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
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.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3807
-₴3646
-₴7148
-₴1287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
21
unemployment
-
-
-
147
accident
-
-
-
189
income
-
-
-
3 021
pensions
-
-
-
5 943
total
-
-
-
9 321
Employee
21 346
-
15 925
-
income
4 504
-
3 072
-
pensions
1 003
-
749
-
unemployment
331
-
247
-
other
21
-
16
-
total
5 859
-
4 084
-
Employer
21 346
-
15 925
-
pensions
5 037
-
3 758
-
other
170
-
127
-
accident
422
-
315
-
unemployment
1 174
-
876
-
total
6 803
-
5 076
-
Corporate
-
21 000
-
-
income

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

-
3 150
-
-
total
-
3 150
-
-
Dividends
-
17 850
-
-
withholding
-
3 651
-
-
total
-
3 651
-
-
Income
21 000
21 000
21 000
21 000
Total tax
12 662
6 801
9 160
9 321
After tax
8 338
14 199
11 840
11 679
Living cost
15 486
15 486
15 486
15 486
Free-cash
-7 148
-1 287
-3 646
-3 807

Estimated living cost  is ₴15486 per week

₴11404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1099
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴9193
-₴9074
-₴15354
-₴10092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
accident
-
-
-
189
health
-
-
-
1 575
income
-
-
-
653
communal
-
-
-
-
surtax
-
-
-
1 112
pensions
-
-
-
3 360
total
-
-
-
6 889
Employee
32 474
-
18 561
-
income
3 137
-
670
-
pensions
2 598
-
1 632
-
health
1 445
-
908
-
surtax
1 990
-
1 121
-
total
9 170
-
4 331
-
Employer
32 474
-
18 561
-
pensions
2 598
-
1 632
-
accident
292
-
184
-
health
990
-
623
-
total
3 880
-
2 439
-
Corporate
-
21 000
-
-
communal
-
1 418
-
-
surtax
-
221
-
-
income
-
3 150
-
-
total
-
4 789
-
-
Dividends
-
16 212
-
-
withholding
-
2 432
-
-
income
-
567
-
-
total
-
2 999
-
-
Income
21 000
21 000
21 000
21 000
Total tax
13 050
7 788
6 770
6 889
After tax
7 950
13 212
14 230
14 111
Living cost
23 304
23 304
23 304
23 304
Free-cash
-15 354
-10 092
-9 074
-9 193

Estimated living cost  is ₴23304 per week

₴17481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2416
₴1896
₴2213
₴3577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 491
income
-
-
-
3 043
surtax
-
-
-
120
pensions
-
-
-
4 200
total
-
-
-
8 952
Employee
14 441
-
17 348
-
income
2 421
-
2 908
-
pensions
963
-
1 157
-
unemployment
1 005
-
1 208
-
health
369
-
442
-
other
-
-
-
-
surtax
51
-
105
-
total
4 809
-
5 820
-
Employer
14 441
-
17 348
-
pensions
1 925
-
2 313
-
other
-
-
-
-
health
657
-
789
-
unemployment
458
-
550
-
total
3 040
-
3 652
-
Corporate
3 519
21 000
-
-
income
915
5 460
-
-
total
915
5 460
-
-
Dividends
2 604
15 540
-
-
withholding
391
2 331
-
-
total
391
2 331
-
-
Income
21 000
21 000
21 000
21 000
Total tax
9 155
7 791
9 472
8 952
After tax
11 845
13 209
11 528
12 048
Living cost
9 632
9 632
9 632
9 632
Free-cash
2 213
3 577
1 896
2 416

Estimated living cost  is ₴9632 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴118
-₴1296
-₴2787
-₴513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
5 401
municipal
-
-
-
125
national
-
-
-
3 724
regional
-
-
-
317
total
-
-
-
9 567
Employee
23 787
-
21 000
-
national
3 769
-
3 270
-
social contributions
8 021
-
7 081
-
municipal
126
-
111
-
regional
320
-
283
-
total
12 236
-
10 745
-
Employer
23 787
-
21 000
-
total
-
-
-
-
Corporate
-
21 000
-
-
nationa
-
5 040
-
-
municipal
-
1 044
-
-
total
-
6 084
-
-
Dividends
-
14 916
-
-
withholding
-
3 878
-
-
total
-
3 878
-
-
Income
21 000
21 000
21 000
21 000
Total tax
12 236
9 962
10 745
9 567
After tax
8 764
11 038
10 255
11 433
Living cost
11 551
11 551
11 551
11 551
Free-cash
-2 787
-513
-1 296
-118

Estimated living cost  is ₴11551 per week

₴7184
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.
₴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.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-₴2462
-₴2034
-₴4005
₴1769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
6 132
health
-
-
-
2 835
income
-
-
-
1 805
solidarity contribution
-
-
-
-
total
-
-
-
10 772
Employee
18 661
-
15 672
-
income
2 239
-
1 881
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
1 019
-
health
2 519
-
2 116
-
total
5 971
-
5 016
-
Employer
18 661
-
15 672
-
health
1 679
-
1 410
-
social contributions
4 665
-
3 918
-
total
6 344
-
5 328
-
Corporate
-
21 000
-
-
income
-
3 990
-
-
total
-
3 990
-
-
Dividends
-
17 010
-
-
withholding
-
2 551
-
-
total
-
2 551
-
-
Income
21 000
21 000
21 000
21 000
Total tax
12 315
6 541
10 344
10 772
After tax
8 685
14 459
10 656
10 228
Living cost
12 690
12 690
12 690
12 690
Free-cash
-4 005
1 769
-2 034
-2 462

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1868
-₴5322
-₴3546
-₴2363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
chamber of commerce
-
-
-
84
unemployment
-
-
-
2 630
health
-
-
-
1 606
income
-
-
-
982
surtax
-
-
-
-
pensions
-
-
-
3 885
total
-
-
-
9 187
Employee
18 745
17 089
17 089
-
income
1 670
1 261
1 299
-
pensions
1 920
1 750
1 665
-
unemployment
562
513
487
-
health
725
662
629
-
other
187
171
163
-
total
5 064
4 357
4 243
-
Employer
18 745
17 089
17 089
-
pensions
2 353
2 145
2 041
-
other
890
811
805
-
accident
243
222
212
-
health
709
646
614
-
payroll
562
513
513
-
chamber of commerce
75
68
68
-
unemployment
562
513
487
-
surtax
-
-
-
-
total
5 394
4 918
4 740
-
Corporate
1 628
1 628
14 632
-
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.

407
407
3 658
-
total
407
407
3 658
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
10 865
9 682
12 641
9 187
After tax
10 135
11 318
8 359
11 813
Living cost
13 681
13 681
13 681
13 681
Free-cash
-3 546
-2 363
-5 322
-1 868

Estimated living cost  is ₴13681 per week

₴8207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14768
₴10778
₴12798
₴13928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
21 000
microenterprise

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

-
-
-
210
total
-
-
-
210
Employee
7 527
-
21 000
-
income
1 506
-
4 200
-
total
1 506
-
4 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

13 473
21 000
-
-
total
-
-
-
-
Dividends
13 473
21 000
-
-
withholding
674
1 050
-
-
total
674
1 050
-
-
Income
21 000
21 000
21 000
21 000
Total tax
2 180
1 050
4 200
210
After tax
18 820
19 950
16 800
20 790
Living cost
6 022
6 022
6 022
6 022
Free-cash
12 798
13 928
10 778
14 768

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
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.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴214
-₴449
-₴915
₴2957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
unemployment
-
-
-
32
health
-
-
-
2 067
income
-
-
-
3 350
pensions
-
-
-
3 835
total
-
-
-
9 284
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.

18 962
-
18 171
-
income
3 270
-
3 104
-
pensions
2 939
-
2 816
-
unemployment
27
-
25
-
health
1 225
-
1 173
-
total
7 461
-
7 118
-
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.

18 962
-
18 171
-
pensions
1 678
-
1 608
-
health
1 263
-
1 210
-
unemployment
11
-
11
-
total
2 952
-
2 829
-
Corporate
-
21 000
-
-
income
-
3 990
-
-
total
-
3 990
-
-
Dividends
-
17 010
-
-
withholding
-
2 551
-
-
total
-
2 551
-
-
Income
21 000
21 000
21 000
21 000
Total tax
10 413
6 541
9 947
9 284
After tax
10 587
14 459
11 053
11 716
Living cost
11 502
11 502
11 502
11 502
Free-cash
-915
2 957
-449
214

Estimated living cost  is ₴11502 per week

₴7894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
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.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3946
-₴3086
-₴42785
-₴5683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
2 394
income
-
-
-
4 093
total
-
-
-
6 487
Employee
26 467
-
-
-
income
5 838
-
-
-
social contributions
2 170
-
309
-
total
8 008
-
309
-
Employer
26 467
-
-
-
social contributions
37 318
-
5 318
-
total
37 318
-
5 318
-
Corporate
-
21 000
-
-
income
-
4 620
-
-
total
-
4 620
-
-
Dividends
-
16 380
-
-
income
-
3 604
-
-
total
-
3 604
-
-
Income
21 000
21 000
21 000
21 000
Total tax
45 326
8 224
5 627
6 487
After tax
-24 326
12 776
15 373
14 513
Living cost
18 459
18 459
18 459
18 459
Free-cash
-42 785
-5 683
-3 086
-3 946

Estimated living cost  is ₴18459 per week

₴11977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-₴1203
-₴1684
-₴3406
-₴1506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
social contributions

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

-
-
-
7 298
income
-
-
-
1 454
surtax
-
-
-
-
total
-
-
-
8 752
Employee
19 722
-
16 969
-
income
4 102
-
3 335
-
social contributions
2 169
-
1 867
-
surtax
-
-
-
-
total
6 271
-
5 202
-
Employer
19 722
-
16 969
-
social contributions
4 684
-
4 031
-
total
4 684
-
4 031
-
Corporate
-
21 000
-
-
surtax
-
-
-
-
income
-
4 410
-
-
total
-
4 410
-
-
Dividends
-
16 590
-
-
withholding
-
4 645
-
-
total
-
4 645
-
-
Income
21 000
21 000
21 000
21 000
Total tax
10 955
9 055
9 233
8 752
After tax
10 045
11 945
11 767
12 248
Living cost
13 451
13 451
13 451
13 451
Free-cash
-3 406
-1 506
-1 684
-1 203

Estimated living cost  is ₴13451 per week

₴10064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8044
-₴7775
-₴14246
-₴10127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
651
social contributions
-
-
-
599
health
-
-
-
181
income
-
-
-
759
surtax
-
-
-
-
pensions
-
-
-
6 143
total
-
-
-
8 333
Employee
26 858
-
16 003
-
income
2 343
-
799
-
pensions
3 038
-
1 810
-
social contributions
765
-
457
-
surtax
-
-
-
-
total
6 146
-
3 066
-
Employer
26 858
-
16 003
-
pensions
4 413
-
2 629
-
other
927
-
552
-
health
1 880
-
1 121
-
unemployment
1 088
-
648
-
social contributions
81
-
48
-
total
8 389
-
4 998
-
Corporate
-
21 000
-
-
surtax
-
-
-
-
income
-
5 880
-
-
total
-
5 880
-
-
Dividends
-
15 120
-
-
surtax
-
-
-
-
social contributions
-
2 601
-
-
withholding
-
1 935
-
-
total
-
4 536
-
-
Income
21 000
21 000
21 000
21 000
Total tax
14 535
10 416
8 064
8 333
After tax
6 465
10 584
12 936
12 667
Living cost
20 711
20 711
20 711
20 711
Free-cash
-14 246
-10 127
-7 775
-8 044

Estimated living cost  is ₴20711 per week

₴14017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
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.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3489
₴4110
₴4569
₴6010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
4 621
income
-
-
-
-
total
-
-
-
4 621
Employee
13 786
-
18 182
-
social contributions
896
-
1 182
-
income
-
-
-
-
total
896
-
1 182
-
Employer
13 786
-
18 182
-
social contributions
2 137
-
2 818
-
total
2 137
-
2 818
-
Corporate
5 077
21 000
-
-
income
508
2 100
-
-
total
508
2 100
-
-
Dividends
4 569
18 900
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
3 541
2 100
4 000
4 621
After tax
17 459
18 900
17 000
16 379
Living cost
12 890
12 890
12 890
12 890
Free-cash
4 569
6 010
4 110
3 489

Estimated living cost  is ₴12890 per week

₴8335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6793
-₴72461
-₴72461
-₴72461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
municipal
-
-
-
3 219
national
-
-
-
1 893
labour market
-
-
-
1 650
pensions
-
-
-
372
total
-
-
-
7 134
Employee
87 195
87 195
87 195
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 652
10 652
10 652
-
municipal
18 568
18 568
18 568
-
total
36 310
36 310
36 310
-
Employer
87 195
87 195
87 195
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
72 802
72 802
72 802
7 134
After tax
-51 802
-51 802
-51 802
13 866
Living cost
20 659
20 659
20 659
20 659
Free-cash
-72 461
-72 461
-72 461
-6 793

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5292
₴1833
₴282
-₴7558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
3 474
pensions
-
-
-
1 777
total
-
-
-
6 449
Employee
14 566
-
17 445
-
income
1 998
-
2 393
-
pensions
1 640
-
1 964
-
health
1 668
-
1 997
-
total
5 306
-
6 354
-
Employer
14 566
-
17 445
-
pensions
2 368
-
2 836
-
accident
243
-
291
-
unemployment
357
-
427
-
total
2 968
-
3 554
-
Corporate
3 466
21 000
-
-
income

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

3 119
18 900
-
-
total
3 119
18 900
-
-
Dividends
347
2 100
-
-
withholding
66
399
-
-
total
66
399
-
-
Income
21 000
21 000
21 000
21 000
Total tax
11 459
19 299
9 908
6 449
After tax
9 541
1 701
11 092
14 551
Living cost
9 259
9 259
9 259
9 259
Free-cash
282
-7 558
1 833
5 292

Estimated living cost  is ₴9259 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴247
-₴3355
-₴5817
-₴1931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
21 000
municipal
-
-
-
3 754
health
-
-
-
144
national
-
-
-
392
total
-
-
-
4 290
Employee
22 561
-
17 666
-
pensions
1 523
-
1 192
-
national
373
-
107
-
municipal
3 695
-
2 901
-
unemployment
339
-
265
-
health
168
-
93
-
total
6 098
-
4 558
-
Employer
22 561
-
17 666
-
pensions
3 914
-
3 065
-
accident
23
-
18
-
health
173
-
136
-
unemployment
146
-
115
-
total
4 256
-
3 334
-
Corporate
-
21 000
-
-
income
-
4 200
-
-
total
-
4 200
-
-
Dividends

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

-
12 600
-
-
municipal
-
2 268
-
-
national
-
-
-
-
total
-
2 268
-
-
Income
21 000
21 000
21 000
21 000
Total tax
10 354
6 468
7 892
4 290
After tax
10 646
14 532
13 108
16 710
Living cost
16 463
16 463
16 463
16 463
Free-cash
-5 817
-1 931
-3 355
247

Estimated living cost  is ₴16463 per week

₴10754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1584
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.
₴3865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6997
₴3761
₴3236
₴1375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
3 276
health
-
-
-
535
income
-
-
-
264
total
-
-
-
4 075
Employee
32 974
32 974
32 974
-
income
3 590
3 052
3 469
-
social contributions
1 247
2 737
1 583
-
health
256
561
324
-
total
5 093
6 350
5 376
-
Employer
32 974
32 974
32 974
-
health
277
610
352
-
social contributions
1 247
2 737
1 583
-
total
1 524
3 347
1 935
-
Corporate
4 455
-
-
-
income
557
-
-
-
total
557
-
-
-
Dividends
3 898
-
-
-
withholding
662
-
-
-
total
662
-
-
-
Income
21 000
21 000
21 000
21 000
Total tax
7 836
9 697
7 311
4 075
After tax
13 164
11 303
13 689
16 925
Living cost
9 928
9 928
9 928
9 928
Free-cash
3 236
1 375
3 761
6 997

Estimated living cost  is ₴9928 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8214
₴6222
₴8400
₴10583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 000
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
1 686
pensions
-
-
-
2 728
total
-
-
-
5 978
Employee

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

9 843
-
19 039
-
income
673
-
1 440
-
pensions
1 476
-
2 855
-
unemployment
49
-
95
-
health
837
-
1 619
-
total
3 035
-
6 009
-
Employer

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

9 843
-
19 039
-
pensions
541
-
1 047
-
health
423
-
819
-
unemployment
49
-
95
-
total
1 013
-
1 961
-
Corporate
10 144
21 000
-
-
income
913
1 890
-
-
total
913
1 890
-
-
Dividends
9 231
19 110
-
-
withholding
831
1 719
-
-
total
831
1 719
-
-
Income
21 000
21 000
21 000
21 000
Total tax
5 792
3 609
7 970
5 978
After tax
15 208
17 391
13 030
15 022
Living cost
6 808
6 808
6 808
6 808
Free-cash
8 400
10 583
6 222
8 214

Estimated living cost  is ₴6808 per week

₴4344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴113
₴48
₴62
₴2407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
21
unemployment
-
-
-
147
accident
-
-
-
189
income
-
-
-
3 021
pensions
-
-
-
5 943
total
-
-
-
9 321
Employee
15 856
-
15 925
-
income
3 057
-
3 072
-
pensions
745
-
749
-
unemployment
246
-
247
-
other
15
-
16
-
total
4 063
-
4 084
-
Employer
15 856
-
15 925
-
pensions
3 742
-
3 758
-
other
127
-
127
-
accident
314
-
315
-
unemployment
872
-
876
-
total
5 055
-
5 076
-
Corporate
89
21 000
-
-
income

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

13
3 150
-
-
total
13
3 150
-
-
Dividends
76
17 850
-
-
withholding
15
3 651
-
-
total
15
3 651
-
-
Income
21 000
21 000
21 000
21 000
Total tax
9 146
6 801
9 160
9 321
After tax
11 854
14 199
11 840
11 679
Living cost
11 792
11 792
11 792
11 792
Free-cash
62
2 407
48
-113

Estimated living cost  is ₴11792 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11786
₴11703
₴11737
₴11930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
health
-
-
-
621
income
-
-
-
6 562
pensions
-
-
-
857
total
-
-
-
8 040
Employee
1 789
-
20 036
-
income
346
-
6 517
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
7 159
-
Employer
1 789
-
20 036
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
18 809
21 000
-
-
income
4 138
4 620
-
-
total
4 138
4 620
-
-
Dividends
14 671
16 380
-
-
withholding
2 934
3 276
-
-
total
2 934
3 276
-
-
Income
21 000
21 000
21 000
21 000
Total tax
8 089
7 896
8 123
8 040
After tax
12 911
13 104
12 877
12 960
Living cost
1 174
1 174
1 174
1 174
Free-cash
11 737
11 930
11 703
11 786

Estimated living cost  is ₴1174 per week

₴698
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.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3078
₴3982
₴5646
₴7757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
unemployment
-
-
-
315
health
-
-
-
2 163
income
-
-
-
2 568
pensions
-
-
-
5 460
total
-
-
-
10 506
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.

11 183
-
17 812
-
income
1 542
-
2 869
-
pensions
1 566
-
2 494
-
unemployment
84
-
134
-
health
576
-
917
-
total
3 768
-
6 414
-
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.

11 183
-
17 812
-
pensions
1 342
-
2 137
-
health
576
-
917
-
unemployment
84
-
134
-
total
2 002
-
3 188
-
Corporate
7 815
21 000
-
-
income
1 172
3 150
-
-
total
1 172
3 150
-
-
Dividends
6 643
17 850
-
-
withholding
996
2 677
-
-
total
996
2 677
-
-
Income
21 000
21 000
21 000
21 000
Total tax
7 938
5 827
9 602
10 506
After tax
13 062
15 173
11 398
10 494
Living cost
7 416
7 416
7 416
7 416
Free-cash
5 646
7 757
3 982
3 078

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴687
₴206
₴229
₴384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
social contributions

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

-
-
-
7 298
income
-
-
-
1 454
surtax
-
-
-
-
total
-
-
-
8 752
Employee
16 643
-
16 969
-
income
3 252
-
3 335
-
social contributions
1 831
-
1 867
-
surtax
-
-
-
-
total
5 083
-
5 202
-
Employer
16 643
-
16 969
-
social contributions
3 952
-
4 031
-
total
3 952
-
4 031
-
Corporate
404
21 000
-
-
surtax
-
-
-
-
income
85
4 410
-
-
total
85
4 410
-
-
Dividends
320
16 590
-
-
withholding
90
4 645
-
-
total
90
4 645
-
-
Income
21 000
21 000
21 000
21 000
Total tax
9 210
9 055
9 233
8 752
After tax
11 790
11 945
11 767
12 248
Living cost
11 561
11 561
11 561
11 561
Free-cash
229
384
206
687

Estimated living cost  is ₴11561 per week

₴8188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
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.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3392
-₴3231
-₴6313
-₴872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
21
unemployment
-
-
-
147
accident
-
-
-
189
income
-
-
-
3 021
pensions
-
-
-
5 943
total
-
-
-
9 321
Employee
20 710
-
15 925
-
income
4 326
-
3 072
-
pensions
973
-
749
-
unemployment
321
-
247
-
other
20
-
16
-
total
5 640
-
4 084
-
Employer
20 710
-
15 925
-
pensions
4 887
-
3 758
-
other
166
-
127
-
accident
410
-
315
-
unemployment
1 139
-
876
-
total
6 602
-
5 076
-
Corporate
-
21 000
-
-
income

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

-
3 150
-
-
total
-
3 150
-
-
Dividends
-
17 850
-
-
withholding
-
3 651
-
-
total
-
3 651
-
-
Income
21 000
21 000
21 000
21 000
Total tax
12 242
6 801
9 160
9 321
After tax
8 758
14 199
11 840
11 679
Living cost
15 071
15 071
15 071
15 071
Free-cash
-6 313
-872
-3 231
-3 392

Estimated living cost  is ₴15071 per week

₴10823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
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.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6477
₴6712
₴7968
₴10580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 150
pensions

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

-
-
-
2 216
total
-
-
-
7 148
Employee
9 766
-
18 062
-
income
977
-
1 806
-
pensions

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

857
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 390
-
3 975
-
Employer
9 766
-
18 062
-
pensions

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

1 076
-
1 650
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 033
-
unemployment
59
-
90
-
total
1 916
-
2 938
-
Corporate
9 318
21 000
-
-
income
932
2 100
-
-
total
932
2 100
-
-
Dividends
8 386
18 900
-
-
withholding
419
945
-
-
total
419
945
-
-
Income
21 000
21 000
21 000
21 000
Total tax
5 657
3 045
6 913
7 148
After tax
15 343
17 955
14 087
13 852
Living cost
7 375
7 375
7 375
7 375
Free-cash
7 968
10 580
6 712
6 477

Estimated living cost  is ₴7375 per week

₴4878
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
-₴391
-₴239
-₴336
-₴5657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
trade
-
-
-
152
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.

-
-
-
2 930
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.

-
-
-
1 663
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.

-
-
-
91
total
-
-
-
4 836
Employee

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

21 336
-
21 000
-
surtax

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

97
-
91
-
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.

1 754
-
1 663
-
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.

2 930
-
2 930
-
total
4 781
-
4 684
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 000
-
-
trade
-
3 013
-
-
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.

-
173
-
-
income
-
3 150
-
-
chamber of commerce
-
96
-
-
total
-
6 432
-
-
Dividends
-
14 567
-
-
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.

-
191
-
-
withholding
-
3 479
-
-
total
-
3 670
-
-
Income
21 000
21 000
21 000
21 000
Total tax
4 781
10 102
4 684
4 836
After tax
16 219
10 898
16 316
16 164
Living cost
16 555
16 555
16 555
16 555
Free-cash
-336
-5 657
-239
-391

Estimated living cost  is ₴16555 per week

₴11420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
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.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7690
-₴7690
-₴12543
-₴9727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
1 406
income
-
-
-
2 857
total
-
-
-
4 263
Employee
33 543
-
21 000
-
social contributions
2 787
-
1 406
-
income
6 329
-
2 857
-
total
9 116
-
4 263
-
Employer
33 543
-
21 000
-
total
-
-
-
-
Corporate
-
21 000
-
-
income
-
2 625
-
-
total
-
2 625
-
-
Dividends
-
18 375
-
-
withholding
-
3 675
-
-
total
-
3 675
-
-
Income
21 000
21 000
21 000
21 000
Total tax
9 116
6 300
4 263
4 263
After tax
11 884
14 700
16 737
16 737
Living cost
24 427
24 427
24 427
24 427
Free-cash
-12 543
-9 727
-7 690
-7 690

Estimated living cost  is ₴24427 per week

₴18584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
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.
₴3620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9635
-₴395
-₴1923
-₴3963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
health

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

-
-
-
2 863
income
-
-
-
12 206
total
-
-
-
15 069
Employee
19 672
-
19 087
-
social contributions
1 971
-
1 913
-
income
2 135
-
2 003
-
total
4 106
-
3 916
-
Employer
19 672
-
19 087
-
social contributions
1 971
-
1 913
-
total
1 971
-
1 913
-
Corporate
-
21 000
-
-
income
-
7 350
-
-
total
-
7 350
-
-
Dividends
-
13 650
-
-
social contributions
1 280
2 047
-
-
total
1 280
2 047
-
-
Income
21 000
21 000
21 000
21 000
Total tax
7 357
9 397
5 829
15 069
After tax
13 643
11 603
15 171
5 931
Living cost
15 566
15 566
15 566
15 566
Free-cash
-1 923
-3 963
-395
-9 635

Estimated living cost  is ₴15566 per week

₴10253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
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.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴155
-₴2155
-₴3628
-₴285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
income
-
-
-
3 966
pensions
-
-
-
1 170
total
-
-
-
5 136
Employee
21 989
-
18 853
-
income
4 004
-
3 466
-
pensions
1 678
-
1 302
-
health
287
-
222
-
total
5 969
-
4 990
-
Employer
21 989
-
18 853
-
pensions
2 222
-
1 788
-
health
418
-
358
-
total
2 640
-
2 146
-
Corporate
-
21 000
-
-
income

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

-
3 990
-
-
total
-
3 990
-
-
Dividends
-
17 010
-
-
withholding
-
1 276
-
-
total
-
1 276
-
-
Income
21 000
21 000
21 000
21 000
Total tax
8 609
5 266
7 136
5 136
After tax
12 391
15 734
13 864
15 864
Living cost
16 019
16 019
16 019
16 019
Free-cash
-3 628
-285
-2 155
-155

Estimated living cost  is ₴16019 per week

₴10989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
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.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4375
₴916
₴141
-₴8475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
3 474
pensions
-
-
-
1 777
total
-
-
-
6 449
Employee
16 008
-
17 445
-
income
2 196
-
2 393
-
pensions
1 802
-
1 964
-
health
1 833
-
1 997
-
total
5 831
-
6 354
-
Employer
16 008
-
17 445
-
pensions
2 603
-
2 836
-
accident
267
-
291
-
unemployment
392
-
427
-
total
3 262
-
3 554
-
Corporate
1 730
21 000
-
-
income

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

1 557
18 900
-
-
total
1 557
18 900
-
-
Dividends
173
2 100
-
-
withholding
33
399
-
-
total
33
399
-
-
Income
21 000
21 000
21 000
21 000
Total tax
10 683
19 299
9 908
6 449
After tax
10 317
1 701
11 092
14 551
Living cost
10 176
10 176
10 176
10 176
Free-cash
141
-8 475
916
4 375

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
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.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6797
₴6797
₴9976
₴12060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 000
work injury
-
-
-
105
unemployment
-
-
-
252
income
-
-
-
2 638
health insurance
-
-
-
1 554
pensions
-
-
-
3 864
total
-
-
-
8 413
Employee

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

9 264
-
21 000
-
income
926
-
2 638
-
work injury
46
-
105
-
pensions
1 705
-
3 864
-
unemployment
111
-
252
-
health insurance
686
-
1 554
-
total
3 474
-
8 413
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 736
21 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
11 736
21 000
-
-
withholding
1 760
3 150
-
-
total
1 760
3 150
-
-
Income
21 000
21 000
21 000
21 000
Total tax
5 234
3 150
8 413
8 413
After tax
15 766
17 850
12 587
12 587
Living cost
5 790
5 790
5 790
5 790
Free-cash
9 976
12 060
6 797
6 797

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Rome , Italy
-₴5653
-₴6817
-₴15135
-₴6022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 000
social contributions
-
-
-
5 401
municipal
-
-
-
141
national
-
-
-
3 724
regional
-
-
-
304
total
-
-
-
9 570
Employee
36 135
-
21 000
-
national
6 106
-
3 270
-
social contributions
12 184
-
7 081
-
municipal
216
-
125
-
regional
546
-
258
-
total
19 052
-
10 734
-
Employer
36 135
-
21 000
-
total
-
-
-
-
Corporate
-
21 000
-
-
nationa
-
5 040
-
-
municipal
-
1 012
-
-
total
-
6 052
-
-
Dividends
-
14 948
-
-
withholding
-
3 887
-
-
total
-
3 887
-
-
Income
21 000
21 000
21 000
21 000
Total tax
19 052
9 939
10 734
9 570
After tax
1 948
11 061
10 266
11 430
Living cost
17 083
17 083
17 083
17 083
Free-cash
-15 135
-6 022
-6 817
-5 653

Estimated living cost  is ₴17083 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
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.
₴3650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close