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
₴ 21500
per

Your estimated
City
free-cash

Dresden , Germany
₴1475
-₴4473
₴1475
₴1162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
health

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

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

-
-
-
3 480
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.

-
-
-
1 057
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.

-
-
-
58
trade
-
-
-
-
total
-
-
-
4 595
Employee

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

19 484
-
21 500
-
surtax

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

30
-
58
-
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.

544
-
1 057
-
health

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

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

3 480
-
3 480
-
total
4 054
-
4 595
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 016
21 500
-
-
chamber of commerce
80
108
-
-
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.

16
177
-
-
trade
317
3 386
-
-
income
303
3 225
-
-
total
716
6 896
-
-
Dividends
1 300
14 603
-
-
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.

7
190
-
-
withholding
131
3 457
-
-
total
138
3 647
-
-
Income
21 500
21 500
21 500
21 500
Total tax
4 908
10 543
4 595
4 595
After tax
16 592
10 957
16 905
16 905
Living cost
15 430
15 430
15 430
15 430
Free-cash
1 162
-4 473
1 475
1 475

Estimated living cost  is ₴15430 per week

₴9706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12760
-₴13498
-₴12929
-₴24008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
231
pensions
-
-
-
2 580
national
-
-
-
2 859
municipal
-
-
-
1 845
total
-
-
-
7 515
Employee
41 721
-
18 587
-
municipal
5 153
-
1 928
-
national
7 985
-
2 988
-
pensions
1 669
-
743
-
total
14 807
-
5 659
-
Employer
41 721
-
18 587
-
pensions
3 338
-
1 487
-
social contributions
449
-
200
-
total
3 787
-
1 687
-
Corporate
-
21 500
-
-
income

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

-
4 300
-
-
total
-
4 300
-
-
Dividends
-
17 200
-
-
withholding
-
3 784
-
-
total
-
3 784
-
-
Income
21 500
21 500
21 500
21 500
Total tax
18 594
8 084
7 346
7 515
After tax
2 906
13 416
14 154
13 985
Living cost
26 914
26 914
26 914
26 914
Free-cash
-24 008
-13 498
-12 760
-12 929

Estimated living cost  is ₴26914 per week

₴18293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1740
₴6602
₴6073
₴2422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
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.

-
-
-
1 604
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
3 225
total
-
-
-
4 829
Employee
14 885
-
17 326
-
surtax
-
-
-
-
social contributions

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

1 638
-
1 905
-
income
2 650
-
3 084
-
total
4 288
-
4 989
-
Employer
14 885
-
17 326
-
surtax
-
-
-
-
social contributions

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

3 586
-
4 173
-
total
3 586
-
4 173
-
Corporate
3 029
21 500
-
-
income

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

606
4 300
-
-
total
606
4 300
-
-
Dividends

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

2 423
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 480
4 300
9 162
4 829
After tax
13 020
17 200
12 338
16 671
Living cost
10 598
10 598
10 598
10 598
Free-cash
2 422
6 602
1 740
6 073

Estimated living cost  is ₴10598 per week

₴6761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29086
-₴26226
-₴8971
-₴29086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
3 300
income
-
-
-
1 961
pensions
-
-
-
3 870
total
-
-
-
9 131
Employee
43 502
43 502
43 502
-
income

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

7 121
7 121
7 121
-
pensions
7 830
5 968
7 830
-
health
6 677
5 679
6 677
-
total
21 628
18 768
21 628
-
Employer
43 502
43 502
43 502
-
unemployment
1 566
1 566
1 566
-
health
3 024
3 024
3 024
-
pensions
3 028
3 028
3 028
-
total
7 618
7 618
7 618
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
29 246
26 386
29 246
9 131
After tax
-7 746
-4 886
-7 746
12 369
Living cost
21 340
21 340
21 340
21 340
Free-cash
-29 086
-26 226
-29 086
-8 971

Estimated living cost  is ₴21340 per week

₴15123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴9590
-₴9330
-₴10353
-₴17956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
2 498
health
-
-
-
1 342
accident
-
-
-
43
pensions
-
-
-
2 324
national
-
-
-
-
unemployment
-
-
-
22
municipal
-
-
-
4 554
total
-
-
-
10 783
Employee
30 022
-
16 360
-
municipal
8 953
-
4 879
-
national
-
-
-
-
total
8 953
-
4 879
-
Employer
30 022
-
16 360
-
other
3 489
-
1 901
-
unemployment
793
-
432
-
health
1 846
-
1 006
-
accident
60
-
33
-
pensions
3 245
-
1 769
-
total
9 433
-
5 141
-
Corporate
-
21 500
-
-
income
-
4 730
-
-
total
-
4 730
-
-
Dividends
-
16 770
-
-
withholding
-
5 031
-
-
total
-
5 031
-
-
Income
21 500
21 500
21 500
21 500
Total tax
18 386
9 761
10 020
10 783
After tax
3 114
11 739
11 480
10 717
Living cost
21 070
21 070
21 070
21 070
Free-cash
-17 956
-9 330
-9 590
-10 353

Estimated living cost  is ₴21070 per week

₴13964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3107
-₴9167
-₴3107
-₴4334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
health

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

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

-
-
-
3 480
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.

-
-
-
1 057
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.

-
-
-
58
trade
-
-
-
-
total
-
-
-
4 595
Employee

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

25 833
-
21 500
-
surtax

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

122
-
58
-
income

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

2 220
-
1 057
-
health

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

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

3 480
-
3 480
-
total
5 822
-
4 595
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
chamber of commerce
-
108
-
-
surtax

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

-
177
-
-
trade
-
3 537
-
-
income
-
3 225
-
-
total
-
7 047
-
-
Dividends
-
14 453
-
-
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.

-
189
-
-
withholding
-
3 419
-
-
total
-
3 608
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 822
10 655
4 595
4 595
After tax
15 678
10 845
16 905
16 905
Living cost
20 012
20 012
20 012
20 012
Free-cash
-4 334
-9 167
-3 107
-3 107

Estimated living cost  is ₴20012 per week

₴13384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2110
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3172
-₴6542
₴1075
-₴3756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
3 354
health
-
-
-
548
income
-
-
-
-
total
-
-
-
3 902
Employee
39 172
39 172
39 172
-
social contributions
1 903
3 251
1 620
-
income
4 113
3 626
4 215
-
health
390
666
332
-
total
6 406
7 543
6 167
-
Employer
39 172
39 172
39 172
-
health
424
725
362
-
social contributions
1 903
3 251
1 620
-
total
2 327
3 976
1 982
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 733
11 519
8 149
3 902
After tax
12 767
9 981
13 351
17 598
Living cost
16 523
16 523
16 523
16 523
Free-cash
-3 756
-6 542
-3 172
1 075

Estimated living cost  is ₴16523 per week

₴11295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3102
₴2859
₴5531
₴3054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 505
income
-
-
-
2 628
pensions
-
-
-
2 150
unemployment
-
-
-
323
total
-
-
-
6 606
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.

13 516
5 379
17 992
-
income
1 652
658
2 199
-
pensions
1 352
538
1 799
-
health
946
377
1 259
-
unemployment
203
81
270
-
total
4 153
1 654
5 527
-
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.

13 516
5 379
17 992
-
pensions
2 636
1 049
3 508
-
total
2 636
1 049
3 508
-
Corporate
5 349
15 072
-
-
income
481
1 356
-
-
total
481
1 356
-
-
Dividends
4 867
13 715
-
-
social contributions
888
2 613
-
-
withholding
925
2 606
-
-
total
1 813
5 219
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 083
9 278
9 035
6 606
After tax
12 417
12 222
12 465
14 894
Living cost
9 363
9 363
9 363
9 363
Free-cash
3 054
2 859
3 102
5 531

Estimated living cost  is ₴9363 per week

₴6390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1075
₴4896
₴326
₴1732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
2 795
income
-
-
-
1 775
pensions
-
-
-
4 300
total
-
-
-
8 870
Employee
14 451
-
16 068
-
income
1 627
-
2 112
-
pensions
289
-
321
-
unemployment
231
-
257
-
total
2 147
-
2 690
-
Employer
14 451
-
16 068
-
unemployment
116
-
129
-
health
1 878
-
2 089
-
pensions
2 890
-
3 213
-
total
4 884
-
5 431
-
Corporate
2 164
21 500
-
-
income
433
4 300
-
-
total
433
4 300
-
-
Dividends
1 731
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 464
4 300
8 121
8 870
After tax
14 036
17 200
13 379
12 630
Living cost
12 304
12 304
12 304
12 304
Free-cash
1 732
4 896
1 075
326

Estimated living cost  is ₴12304 per week

₴8439
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.
₴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.
₴2885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴89
-₴9523
₴3485
₴15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
3 183
pensions
-
-
-
2 131
total
-
-
-
6 750
Employee
17 720
-
17 860
-
income
2 431
-
2 450
-
pensions
1 995
-
2 011
-
health
2 029
-
2 045
-
total
6 455
-
6 506
-
Employer
17 720
-
17 860
-
unemployment
434
-
438
-
accident
296
-
298
-
pensions
2 881
-
2 904
-
total
3 611
-
3 640
-
Corporate
168
21 500
-
-
income

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

151
19 350
-
-
total
151
19 350
-
-
Dividends
17
2 150
-
-
withholding
3
408
-
-
total
3
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 220
19 758
10 146
6 750
After tax
11 280
1 742
11 354
14 750
Living cost
11 265
11 265
11 265
11 265
Free-cash
15
-9 523
89
3 485

Estimated living cost  is ₴11265 per week

₴8256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12934
₴16159
₴17019
₴15360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
21 500
microenterprise

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

-
-
-
215
total
-
-
-
215
Employee
5 332
-
21 500
-
income
1 066
-
4 300
-
total
1 066
-
4 300
-
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%.

16 168
21 500
-
-
total
-
-
-
-
Dividends
16 168
21 500
-
-
withholding
808
1 075
-
-
total
808
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
1 874
1 075
4 300
215
After tax
19 626
20 425
17 200
21 285
Living cost
4 266
4 266
4 266
4 266
Free-cash
15 360
16 159
12 934
17 019

Estimated living cost  is ₴4266 per week

₴2644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴973
₴2222
-₴1931
-₴1658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
1 021
health
-
-
-
946
income
-
-
-
2 731
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.

-
-
-
5 159
total
-
-
-
9 857
Employee
18 496
-
17 172
-
income
3 184
-
2 956
-
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.

1 294
-
1 203
-
health
259
-
241
-
unemployment
185
-
172
-
total
4 922
-
4 572
-
Employer
18 496
-
17 172
-
other
925
-
858
-
unemployment
185
-
172
-
health
259
-
241
-
accident
148
-
137
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

3 145
-
2 919
-
total
4 662
-
4 327
-
Corporate
-
21 500
-
-
income
-
4 515
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
1 189
-
-
total
-
1 189
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 584
5 704
8 899
9 857
After tax
11 916
15 796
12 601
11 643
Living cost
13 574
13 574
13 574
13 574
Free-cash
-1 658
2 222
-973
-1 931

Estimated living cost  is ₴13574 per week

₴9591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
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.
₴2848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19440
-₴17732
-₴17513
-₴32942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
4 082
pensions
-
-
-
1 090
total
-
-
-
5 172
Employee
47 880
-
19 407
-
income
8 631
-
3 599
-
health
789
-
205
-
pensions
4 619
-
1 202
-
total
14 039
-
5 006
-
Employer
47 880
-
19 407
-
health
909
-
369
-
pensions
5 653
-
1 724
-
total
6 562
-
2 093
-
Corporate
-
21 500
-
-
income

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

-
4 085
-
-
total
-
4 085
-
-
Dividends
-
17 415
-
-
withholding
-
1 306
-
-
total
-
1 306
-
-
Income
21 500
21 500
21 500
21 500
Total tax
20 601
5 391
7 099
5 172
After tax
899
16 109
14 401
16 328
Living cost
33 841
33 841
33 841
33 841
Free-cash
-32 942
-17 732
-19 440
-17 513

Estimated living cost  is ₴33841 per week

₴25358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7020
₴11741
₴6908
₴9387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
2 035
income
-
-
-
3 225
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
7 950
Employee
8 795
-
18 028
-
income
879
-
1 803
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

772
-
1 554
-
health
405
-
814
-
total
2 153
-
4 366
-
Employer
8 795
-
18 028
-
unemployment
53
-
106
-
health
607
-
1 221
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

969
-
1 950
-
total
1 726
-
3 472
-
Corporate
10 979
21 500
-
-
income
1 098
2 150
-
-
total
1 098
2 150
-
-
Dividends
9 881
19 350
-
-
withholding
494
967
-
-
total
494
967
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 471
3 117
7 838
7 950
After tax
16 029
18 383
13 662
13 550
Living cost
6 642
6 642
6 642
6 642
Free-cash
9 387
11 741
7 020
6 908

Estimated living cost  is ₴6642 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
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.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35994
-₴33134
-₴15879
-₴33998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
3 300
income
-
-
-
1 961
pensions
-
-
-
3 870
total
-
-
-
9 131
Employee
47 229
43 502
43 502
-
income

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

7 121
7 121
7 121
-
pensions
5 968
5 968
7 830
-
health
5 892
5 679
6 677
-
total
18 981
18 768
21 628
-
Employer
47 229
43 502
43 502
-
unemployment
1 700
1 566
1 566
-
health
3 282
3 024
3 024
-
pensions
3 287
3 028
3 028
-
total
8 269
7 618
7 618
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
27 250
26 386
29 246
9 131
After tax
-5 750
-4 886
-7 746
12 369
Living cost
28 248
28 248
28 248
28 248
Free-cash
-33 998
-33 134
-35 994
-15 879

Estimated living cost  is ₴28248 per week

₴20837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2523
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.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1646
₴2246
-₴2085
-₴3245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
6 278
health
-
-
-
2 902
income
-
-
-
1 848
solidarity contribution
-
-
-
-
total
-
-
-
11 028
Employee
18 466
-
16 045
-
social contributions
1 200
-
1 043
-
solidarity contribution
-
-
-
-
income
2 216
-
1 925
-
health
2 493
-
2 166
-
total
5 909
-
5 134
-
Employer
18 466
-
16 045
-
health
1 662
-
1 444
-
social contributions
4 617
-
4 011
-
total
6 279
-
5 455
-
Corporate
-
21 500
-
-
income
-
4 085
-
-
total
-
4 085
-
-
Dividends
-
17 415
-
-
withholding
-
2 612
-
-
total
-
2 612
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 188
6 697
10 589
11 028
After tax
9 312
14 803
10 911
10 472
Living cost
12 557
12 557
12 557
12 557
Free-cash
-3 245
2 246
-1 646
-2 085

Estimated living cost  is ₴12557 per week

₴8722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
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.
₴2695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10811
-₴10023
-₴9587
-₴23773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
5 530
national
-
-
-
3 732
regional
-
-
-
202
municipal
-
-
-
128
total
-
-
-
9 592
Employee
45 274
-
21 500
-
social contributions
15 266
-
7 249
-
municipal
240
-
114
-
national
7 845
-
3 278
-
regional
427
-
175
-
total
23 778
-
10 816
-
Employer
45 274
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
nationa
-
5 160
-
-
municipal
-
838
-
-
total
-
5 998
-
-
Dividends
-
15 502
-
-
withholding
-
4 030
-
-
total
-
4 030
-
-
Income
21 500
21 500
21 500
21 500
Total tax
23 778
10 028
10 816
9 592
After tax
-2 278
11 472
10 684
11 908
Living cost
21 495
21 495
21 495
21 495
Free-cash
-23 773
-10 023
-10 811
-9 587

Estimated living cost  is ₴21495 per week

₴14984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴598
₴2282
₴1118
₴696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
-
health
-
-
-
1 527
income
-
-
-
3 111
pensions
-
-
-
4 300
surtax
-
-
-
87
unemployment
-
-
-
116
total
-
-
-
9 141
Employee
16 846
-
17 762
-
surtax
55
-
73
-
income
2 824
-
2 977
-
other
-
-
-
-
pensions
1 123
-
1 185
-
health
430
-
452
-
unemployment
1 173
-
1 236
-
total
5 605
-
5 923
-
Employer
16 846
-
17 762
-
other
-
-
-
-
unemployment
534
-
563
-
health
767
-
808
-
pensions
2 246
-
2 367
-
total
3 547
-
3 738
-
Corporate
1 108
21 500
-
-
income
288
5 590
-
-
total
288
5 590
-
-
Dividends
820
15 910
-
-
withholding
123
2 387
-
-
total
123
2 387
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 563
7 977
9 661
9 141
After tax
11 937
13 523
11 839
12 359
Living cost
11 241
11 241
11 241
11 241
Free-cash
696
2 282
598
1 118

Estimated living cost  is ₴11241 per week

₴6873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8718
-₴7010
-₴6791
-₴14672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
4 082
pensions
-
-
-
1 090
total
-
-
-
5 172
Employee
32 088
-
19 407
-
income
5 779
-
3 599
-
health
466
-
205
-
pensions
2 724
-
1 202
-
total
8 969
-
5 006
-
Employer
32 088
-
19 407
-
health
610
-
369
-
pensions
3 474
-
1 724
-
total
4 084
-
2 093
-
Corporate
-
21 500
-
-
income

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

-
4 085
-
-
total
-
4 085
-
-
Dividends
-
17 415
-
-
withholding
-
1 306
-
-
total
-
1 306
-
-
Income
21 500
21 500
21 500
21 500
Total tax
13 053
5 391
7 099
5 172
After tax
8 447
16 109
14 401
16 328
Living cost
23 119
23 119
23 119
23 119
Free-cash
-14 672
-7 010
-8 718
-6 791

Estimated living cost  is ₴23119 per week

₴17321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴24091
-₴31147
-₴22602
-₴31024
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
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.

-
-
-
430
health
-
-
-
134
pensions
-
-
-
1 978
city
-
-
-
225
national
-
-
-
28
regional
-
-
-
328
total
-
-
-
3 123
Employee
47 956
-
19 025
-
national
227
-
13
-
city
515
-
201
-
pensions
4 029
-
1 842
-
health
108
-
43
-
regional
1 570
-
247
-
unemployment
-
-
-
-
total
6 449
-
2 346
-
Employer
47 956
-
19 025
-
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.

959
-
381
-
unemployment
-
-
-
-
health
108
-
43
-
pensions
4 029
-
1 842
-
total
5 096
-
2 266
-
Corporate
-
21 500
-
-
regional
-
4 547
-
-
national
-
1 827
-
-
total
-
6 374
-
-
Dividends
-
15 126
-
-
withholding
-
5 294
-
-
total
-
5 294
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 545
11 668
4 612
3 123
After tax
9 955
9 832
16 888
18 377
Living cost
40 979
40 979
40 979
40 979
Free-cash
-31 024
-31 147
-24 091
-22 602

Estimated living cost  is ₴40979 per week

₴26648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6432
-₴12602
-₴6432
-₴9115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
health

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

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

-
-
-
3 480
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.

-
-
-
1 057
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.

-
-
-
58
trade
-
-
-
-
total
-
-
-
4 595
Employee

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

30 615
-
21 500
-
surtax

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

198
-
58
-
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.

3 600
-
1 057
-
health

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

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

3 480
-
3 480
-
total
7 278
-
4 595
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
chamber of commerce
-
107
-
-
surtax

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

-
177
-
-
trade
-
3 687
-
-
income
-
3 225
-
-
total
-
7 196
-
-
Dividends
-
14 304
-
-
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
-
3 383
-
-
total
-
3 569
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 278
10 765
4 595
4 595
After tax
14 222
10 735
16 905
16 905
Living cost
23 337
23 337
23 337
23 337
Free-cash
-9 115
-12 602
-6 432
-6 432

Estimated living cost  is ₴23337 per week

₴17044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3997
-₴6593
-₴4370
-₴7112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
666
social contributions
-
-
-
612
health
-
-
-
187
income
-
-
-
575
pensions
-
-
-
6 401
surtax
-
-
-
-
total
-
-
-
8 441
Employee
21 802
-
16 383
-
surtax
-
-
-
-
social contributions
622
-
467
-
income
1 287
-
631
-
pensions
2 465
-
1 853
-
total
4 374
-
2 951
-
Employer
21 802
-
16 383
-
other
752
-
566
-
unemployment
883
-
663
-
health
1 526
-
1 147
-
pensions
3 582
-
2 692
-
social contributions
66
-
49
-
total
6 809
-
5 117
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
6 020
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
social contributions
-
2 662
-
-
surtax
-
-
-
-
withholding
-
1 982
-
-
total
-
4 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 183
10 664
8 068
8 441
After tax
10 317
10 836
13 432
13 059
Living cost
17 429
17 429
17 429
17 429
Free-cash
-7 112
-6 593
-3 997
-4 370

Estimated living cost  is ₴17429 per week

₴10990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2270
-₴4866
-₴2643
-₴4039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
666
social contributions
-
-
-
612
health
-
-
-
187
income
-
-
-
575
pensions
-
-
-
6 401
surtax
-
-
-
-
total
-
-
-
8 441
Employee
19 462
-
16 383
-
surtax
-
-
-
-
social contributions
555
-
467
-
income
1 003
-
631
-
pensions
2 201
-
1 853
-
total
3 759
-
2 951
-
Employer
19 462
-
16 383
-
other
672
-
566
-
unemployment
788
-
663
-
health
1 362
-
1 147
-
pensions
3 198
-
2 692
-
social contributions
58
-
49
-
total
6 078
-
5 117
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
6 020
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
social contributions
-
2 662
-
-
surtax
-
-
-
-
withholding
-
1 982
-
-
total
-
4 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 837
10 664
8 068
8 441
After tax
11 663
10 836
13 432
13 059
Living cost
15 702
15 702
15 702
15 702
Free-cash
-4 039
-4 866
-2 270
-2 643

Estimated living cost  is ₴15702 per week

₴9106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2378
₴2314
₴3006
₴2076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
2 967
health
-
-
-
1 500
income
-
-
-
3 225
total
-
-
-
7 692
Employee
17 272
-
21 500
-
social contributions
2 384
-
2 967
-
income
2 881
-
3 853
-
health
1 205
-
1 500
-
total
6 470
-
8 320
-
Employer
17 272
-
21 500
-
total
-
-
-
-
Corporate
4 228
21 500
-
-
income

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

212
1 075
-
-
total
212
1 075
-
-
Dividends
4 016
20 425
-
-
social contributions
888
2 819
-
-
withholding
602
3 064
-
-
health
450
1 426
-
-
total
1 940
7 309
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 622
8 384
8 320
7 692
After tax
12 878
13 116
13 180
13 808
Living cost
10 802
10 802
10 802
10 802
Free-cash
2 076
2 314
2 378
3 006

Estimated living cost  is ₴10802 per week

₴7229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴666
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.
₴2657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9813
-₴8050
-₴5912
-₴11869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 644
income
-
-
-
530
chamber of commerce
-
-
-
86
pensions
-
-
-
3 977
surtax
-
-
-
101
unemployment
-
-
-
3 124
total
-
-
-
9 462
Employee
25 458
20 301
20 301
-
income
2 898
1 497
1 674
-
other
254
203
164
-
pensions
2 607
2 078
1 679
-
health
985
786
634
-
unemployment
764
609
492
-
total
7 508
5 173
4 643
-
Employer
25 458
20 301
20 301
-
other
1 209
964
931
-
unemployment
764
609
492
-
health
962
768
620
-
surtax
101
101
101
-
accident
331
264
213
-
pensions
3 195
2 548
2 058
-
payroll
764
609
609
-
chamber of commerce
102
81
81
-
total
7 428
5 944
5 105
-
Corporate
1 933
1 933
14 462
-
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.

483
483
3 615
-
total
483
483
3 615
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 419
11 600
13 363
9 462
After tax
6 081
9 900
8 137
12 038
Living cost
17 950
17 950
17 950
17 950
Free-cash
-11 869
-8 050
-9 813
-5 912

Estimated living cost  is ₴17950 per week

₴11972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8836
-₴6409
-₴5995
-₴25548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
1 764
communal

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

-
-
-
1 184
national
-
-
-
5 973
total
-
-
-
8 921
Employee

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

36 439
-
16 652
-
national
11 203
-
3 868
-
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.

2 733
-
1 249
-
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.

1 712
-
783
-
communal

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

1 901
-
868
-
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.

317
-
145
-
total
17 866
-
6 913
-
Employer

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

36 439
-
16 652
-
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.

532
-
243
-
health

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

2 241
-
1 025
-
surtax
4 132
-
1 889
-
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.

474
-
217
-
pensions

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

3 229
-
1 475
-
total
10 608
-
4 849
-
Corporate
-
21 500
-
-
surtax
-
86
-
-
income
-
4 300
-
-
total
-
4 386
-
-
Dividends
-
17 114
-
-
withholding

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

-
4 949
-
-
total
-
4 949
-
-
Income
21 500
21 500
21 500
21 500
Total tax
28 474
9 335
11 762
8 921
After tax
-6 974
12 165
9 738
12 579
Living cost
18 574
18 574
18 574
18 574
Free-cash
-25 548
-6 409
-8 836
-5 995

Estimated living cost  is ₴18574 per week

₴11964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6397
-₴3844
-₴6356
-₴11940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
21
accident
-
-
-
193
income
-
-
-
3 010
pensions
-
-
-
6 084
unemployment
-
-
-
151
total
-
-
-
9 459
Employee
25 357
-
16 077
-
income
5 350
-
2 997
-
other
25
-
17
-
pensions
1 192
-
799
-
unemployment
393
-
264
-
total
6 960
-
4 077
-
Employer
25 357
-
16 077
-
other
202
-
136
-
unemployment
1 395
-
936
-
accident
502
-
336
-
pensions
5 984
-
4 015
-
total
8 083
-
5 423
-
Corporate
-
21 500
-
-
income

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

-
3 225
-
-
total
-
3 225
-
-
Dividends
-
18 275
-
-
withholding
-
3 722
-
-
total
-
3 722
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 043
6 947
9 500
9 459
After tax
6 457
14 553
12 000
12 041
Living cost
18 397
18 397
18 397
18 397
Free-cash
-11 940
-3 844
-6 397
-6 356

Estimated living cost  is ₴18397 per week

₴13547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13604
-₴14156
-₴13603
-₴21687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 817
accident
-
-
-
218
income
-
-
-
415
pensions
-
-
-
3 878
communal
-
-
-
-
surtax
-
-
-
1 091
total
-
-
-
7 419
Employee
38 578
-
18 603
-
surtax
2 365
-
1 090
-
income
3 726
-
415
-
pensions
3 086
-
1 939
-
health
1 717
-
1 079
-
total
10 894
-
4 523
-
Employer
38 578
-
18 603
-
health
1 176
-
740
-
accident
347
-
218
-
pensions
3 086
-
1 939
-
total
4 609
-
2 897
-
Corporate
-
21 500
-
-
surtax
-
226
-
-
income
-
3 225
-
-
communal
-
1 451
-
-
total
-
4 902
-
-
Dividends
-
16 598
-
-
income
-
581
-
-
withholding
-
2 489
-
-
total
-
3 070
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 503
7 972
7 420
7 419
After tax
5 997
13 528
14 080
14 081
Living cost
27 684
27 684
27 684
27 684
Free-cash
-21 687
-14 156
-13 604
-13 603

Estimated living cost  is ₴27684 per week

₴20767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴397
₴2081
₴917
₴462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
-
health
-
-
-
1 527
income
-
-
-
3 111
pensions
-
-
-
4 300
surtax
-
-
-
87
unemployment
-
-
-
116
total
-
-
-
9 141
Employee
17 155
-
17 762
-
surtax
61
-
73
-
income
2 876
-
2 977
-
other
-
-
-
-
pensions
1 145
-
1 185
-
health
438
-
452
-
unemployment
1 194
-
1 236
-
total
5 714
-
5 923
-
Employer
17 155
-
17 762
-
other
-
-
-
-
unemployment
544
-
563
-
health
780
-
808
-
pensions
2 287
-
2 367
-
total
3 611
-
3 738
-
Corporate
733
21 500
-
-
income
190
5 590
-
-
total
190
5 590
-
-
Dividends
543
15 910
-
-
withholding
81
2 387
-
-
total
81
2 387
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 596
7 977
9 661
9 141
After tax
11 904
13 523
11 839
12 359
Living cost
11 442
11 442
11 442
11 442
Free-cash
462
2 081
397
917

Estimated living cost  is ₴11442 per week

₴6908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3153
-₴2421
-₴1937
-₴6759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
5 530
national
-
-
-
3 732
regional
-
-
-
324
municipal
-
-
-
128
total
-
-
-
9 714
Employee
28 258
-
21 500
-
social contributions
9 529
-
7 249
-
municipal
150
-
114
-
national
4 477
-
3 278
-
regional
380
-
289
-
total
14 536
-
10 930
-
Employer
28 258
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
nationa
-
5 160
-
-
municipal
-
1 068
-
-
total
-
6 228
-
-
Dividends
-
15 271
-
-
withholding
-
3 970
-
-
total
-
3 970
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 536
10 198
10 930
9 714
After tax
6 964
11 302
10 570
11 786
Living cost
13 723
13 723
13 723
13 723
Free-cash
-6 759
-2 421
-3 153
-1 937

Estimated living cost  is ₴13723 per week

₴8534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1390
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.
₴3563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4563
-₴671
-₴5002
-₴8993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
6 278
health
-
-
-
2 902
income
-
-
-
1 848
solidarity contribution
-
-
-
-
total
-
-
-
11 028
Employee
22 755
-
16 045
-
social contributions
1 479
-
1 043
-
solidarity contribution
-
-
-
-
income
2 731
-
1 925
-
health
3 072
-
2 166
-
total
7 282
-
5 134
-
Employer
22 755
-
16 045
-
health
2 048
-
1 444
-
social contributions
5 689
-
4 011
-
total
7 737
-
5 455
-
Corporate
-
21 500
-
-
income
-
4 085
-
-
total
-
4 085
-
-
Dividends
-
17 415
-
-
withholding
-
2 612
-
-
total
-
2 612
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 019
6 697
10 589
11 028
After tax
6 481
14 803
10 911
10 472
Living cost
15 474
15 474
15 474
15 474
Free-cash
-8 993
-671
-4 563
-5 002

Estimated living cost  is ₴15474 per week

₴11507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8065
-₴6251
-₴4113
-₴7659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 644
income
-
-
-
530
chamber of commerce
-
-
-
86
pensions
-
-
-
3 977
surtax
-
-
-
-
unemployment
-
-
-
3 124
total
-
-
-
9 361
Employee
22 268
20 301
20 301
-
income
1 984
1 497
1 670
-
other
222
203
164
-
pensions
2 280
2 078
1 688
-
health
861
786
638
-
unemployment
668
609
494
-
total
6 015
5 173
4 654
-
Employer
22 268
20 301
20 301
-
other
1 058
964
932
-
unemployment
668
609
494
-
health
842
768
623
-
surtax
-
-
-
-
accident
289
264
215
-
pensions
2 795
2 548
2 068
-
payroll
668
609
609
-
chamber of commerce
89
81
81
-
total
6 409
5 843
5 022
-
Corporate
1 933
1 933
14 545
-
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.

483
483
3 637
-
total
483
483
3 637
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 907
11 499
13 313
9 361
After tax
8 593
10 001
8 187
12 139
Living cost
16 252
16 252
16 252
16 252
Free-cash
-7 659
-6 251
-8 065
-4 113

Estimated living cost  is ₴16252 per week

₴9749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10552
₴13777
₴14637
₴12531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
21 500
microenterprise

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

-
-
-
215
total
-
-
-
215
Employee
8 310
-
21 500
-
income
1 662
-
4 300
-
total
1 662
-
4 300
-
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%.

13 190
21 500
-
-
total
-
-
-
-
Dividends
13 190
21 500
-
-
withholding
659
1 075
-
-
total
659
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
2 321
1 075
4 300
215
After tax
19 179
20 425
17 200
21 285
Living cost
6 648
6 648
6 648
6 648
Free-cash
12 531
13 777
10 552
14 637

Estimated living cost  is ₴6648 per week

₴4499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
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.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2232
₴1139
-₴1550
-₴4535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
health
-
-
-
2 115
income
-
-
-
3 312
pensions
-
-
-
3 927
unemployment
-
-
-
32
total
-
-
-
9 386
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 526
-
18 604
-
income
3 885
-
3 060
-
pensions
3 492
-
2 884
-
health
1 455
-
1 202
-
unemployment
32
-
26
-
total
8 864
-
7 172
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 526
-
18 604
-
unemployment
14
-
12
-
health
1 500
-
1 238
-
pensions
1 993
-
1 646
-
total
3 507
-
2 896
-
Corporate
-
21 500
-
-
income
-
4 085
-
-
total
-
4 085
-
-
Dividends
-
17 415
-
-
withholding
-
2 612
-
-
total
-
2 612
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 371
6 697
10 068
9 386
After tax
9 129
14 803
11 432
12 114
Living cost
13 664
13 664
13 664
13 664
Free-cash
-4 535
1 139
-2 232
-1 550

Estimated living cost  is ₴13664 per week

₴9377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8617
-₴9972
-₴8195
-₴58163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
2 451
income
-
-
-
4 191
total
-
-
-
6 642
Employee
33 055
-
551
-
social contributions
2 711
-
386
-
income
7 291
-
36
-
total
10 002
-
422
-
Employer
33 055
-
551
-
social contributions
46 608
-
6 642
-
total
46 608
-
6 642
-
Corporate
-
21 500
-
-
income
-
4 730
-
-
total
-
4 730
-
-
Dividends
-
16 770
-
-
income
-
3 689
-
-
total
-
3 689
-
-
Income
21 500
21 500
21 500
21 500
Total tax
56 610
8 419
7 064
6 642
After tax
-35 110
13 081
14 436
14 858
Living cost
23 053
23 053
23 053
23 053
Free-cash
-58 163
-9 972
-8 617
-8 195

Estimated living cost  is ₴23053 per week

₴14958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3771
-₴3750
-₴3359
-₴7493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
social contributions

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

-
-
-
7 472
income
-
-
-
1 408
surtax
-
-
-
-
total
-
-
-
8 880
Employee
23 429
-
17 374
-
surtax
-
-
-
-
social contributions
2 577
-
1 911
-
income
4 873
-
3 255
-
total
7 450
-
5 166
-
Employer
23 429
-
17 374
-
social contributions
5 564
-
4 126
-
total
5 564
-
4 126
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
4 515
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
4 756
-
-
total
-
4 756
-
-
Income
21 500
21 500
21 500
21 500
Total tax
13 014
9 271
9 292
8 880
After tax
8 486
12 229
12 208
12 620
Living cost
15 979
15 979
15 979
15 979
Free-cash
-7 493
-3 750
-3 771
-3 359

Estimated living cost  is ₴15979 per week

₴11955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11172
-₴13768
-₴11545
-₴20370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
666
social contributions
-
-
-
612
health
-
-
-
187
income
-
-
-
575
pensions
-
-
-
6 401
surtax
-
-
-
-
total
-
-
-
8 441
Employee
31 906
-
16 383
-
surtax
-
-
-
-
social contributions
909
-
467
-
income
2 784
-
631
-
pensions
3 609
-
1 853
-
total
7 302
-
2 951
-
Employer
31 906
-
16 383
-
other
1 101
-
566
-
unemployment
1 292
-
663
-
health
2 233
-
1 147
-
pensions
5 242
-
2 692
-
social contributions
96
-
49
-
total
9 964
-
5 117
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
6 020
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
social contributions
-
2 662
-
-
surtax
-
-
-
-
withholding
-
1 982
-
-
total
-
4 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
17 266
10 664
8 068
8 441
After tax
4 234
10 836
13 432
13 059
Living cost
24 604
24 604
24 604
24 604
Free-cash
-20 370
-13 768
-11 172
-11 545

Estimated living cost  is ₴24604 per week

₴16652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2091
₴4037
₴1457
₴2326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
-
social contributions
-
-
-
4 730
total
-
-
-
4 730
Employee
16 377
-
18 614
-
income
-
-
-
-
social contributions
1 064
-
1 210
-
total
1 064
-
1 210
-
Employer
16 377
-
18 614
-
social contributions
2 539
-
2 886
-
total
2 539
-
2 886
-
Corporate
2 584
21 500
-
-
income
258
2 150
-
-
total
258
2 150
-
-
Dividends
2 326
19 350
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
3 861
2 150
4 096
4 730
After tax
17 639
19 350
17 404
16 770
Living cost
15 313
15 313
15 313
15 313
Free-cash
2 326
4 037
2 091
1 457

Estimated living cost  is ₴15313 per week

₴9901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴89308
-₴89308
-₴10042
-₴89308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
labour market
-
-
-
1 685
pensions
-
-
-
441
national
-
-
-
1 833
municipal
-
-
-
3 090
total
-
-
-
7 049
Employee
103 381
103 381
103 381
-
labour market
8 259
8 259
8 259
-
municipal
22 014
22 014
22 014
-
national
12 630
12 630
12 630
-
pensions
147
147
147
-
total
43 050
43 050
43 050
-
Employer
103 381
103 381
103 381
-
national
12 652
12 652
12 652
-
labour market
8 270
8 270
8 270
-
pensions
294
294
294
-
municipal
22 049
22 049
22 049
-
total
43 265
43 265
43 265
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
86 315
86 315
86 315
7 049
After tax
-64 815
-64 815
-64 815
14 451
Living cost
24 493
24 493
24 493
24 493
Free-cash
-89 308
-89 308
-89 308
-10 042

Estimated living cost  is ₴24493 per week

₴16764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴255
-₴9357
₴3651
₴39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
3 183
pensions
-
-
-
2 131
total
-
-
-
6 750
Employee
17 459
-
17 860
-
income
2 395
-
2 450
-
pensions
1 966
-
2 011
-
health
1 999
-
2 045
-
total
6 360
-
6 506
-
Employer
17 459
-
17 860
-
unemployment
428
-
438
-
accident
292
-
298
-
pensions
2 839
-
2 904
-
total
3 559
-
3 640
-
Corporate
483
21 500
-
-
income

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

434
19 350
-
-
total
434
19 350
-
-
Dividends
48
2 150
-
-
withholding
9
408
-
-
total
9
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 362
19 758
10 146
6 750
After tax
11 138
1 742
11 354
14 750
Living cost
11 099
11 099
11 099
11 099
Free-cash
39
-9 357
255
3 651

Estimated living cost  is ₴11099 per week

₴8079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
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.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6006
-₴4680
-₴2287
-₴10359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
21 500
health
-
-
-
119
national
-
-
-
262
municipal
-
-
-
3 848
total
-
-
-
4 229
Employee
26 801
-
18 087
-
municipal
4 390
-
2 976
-
national
443
-
-
-
pensions
1 809
-
1 221
-
health
200
-
66
-
unemployment
402
-
272
-
total
7 244
-
4 535
-
Employer
26 801
-
18 087
-
unemployment
174
-
118
-
health
206
-
139
-
accident
27
-
18
-
pensions
4 650
-
3 138
-
total
5 057
-
3 413
-
Corporate
-
21 500
-
-
income
-
4 300
-
-
total
-
4 300
-
-
Dividends

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

-
12 900
-
-
national
-
-
-
-
municipal
-
2 322
-
-
total
-
2 322
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 301
6 622
7 948
4 229
After tax
9 199
14 878
13 552
17 271
Living cost
19 558
19 558
19 558
19 558
Free-cash
-10 359
-4 680
-6 006
-2 287

Estimated living cost  is ₴19558 per week

₴12775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1557
-₴1813
₴5804
₴1339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
3 354
health
-
-
-
548
income
-
-
-
-
total
-
-
-
3 902
Employee
39 172
39 172
39 172
-
social contributions
1 481
3 251
1 620
-
income
4 265
3 626
4 215
-
health
304
666
332
-
total
6 050
7 543
6 167
-
Employer
39 172
39 172
39 172
-
health
330
725
362
-
social contributions
1 481
3 251
1 620
-
total
1 811
3 976
1 982
-
Corporate
1 845
-
-
-
income
231
-
-
-
total
231
-
-
-
Dividends
1 614
-
-
-
withholding
275
-
-
-
total
275
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 367
11 519
8 149
3 902
After tax
13 133
9 981
13 351
17 598
Living cost
11 794
11 794
11 794
11 794
Free-cash
1 339
-1 813
1 557
5 804

Estimated living cost  is ₴11794 per week

₴7069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5276
₴9717
₴6689
₴7124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 500
health
-
-
-
1 844
income
-
-
-
1 624
pensions
-
-
-
3 240
unemployment
-
-
-
15
total
-
-
-
6 723
Employee

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

11 693
-
19 492
-
income
799
-
1 449
-
pensions
1 754
-
2 924
-
health
994
-
1 657
-
unemployment
58
-
98
-
total
3 605
-
6 128
-
Employer

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

11 693
-
19 492
-
unemployment
58
-
98
-
health
503
-
838
-
pensions
643
-
1 072
-
total
1 204
-
2 008
-
Corporate
8 604
21 500
-
-
income
774
1 935
-
-
total
774
1 935
-
-
Dividends
7 829
19 565
-
-
withholding
705
1 760
-
-
total
705
1 760
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 288
3 695
8 136
6 723
After tax
15 212
17 805
13 364
14 777
Living cost
8 088
8 088
8 088
8 088
Free-cash
7 124
9 717
5 276
6 689

Estimated living cost  is ₴8088 per week

₴5160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2008
₴545
-₴1967
-₴3340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
21
accident
-
-
-
193
income
-
-
-
3 010
pensions
-
-
-
6 084
unemployment
-
-
-
151
total
-
-
-
9 459
Employee
18 836
-
16 077
-
income
3 631
-
2 997
-
other
18
-
17
-
pensions
886
-
799
-
unemployment
292
-
264
-
total
4 827
-
4 077
-
Employer
18 836
-
16 077
-
other
151
-
136
-
unemployment
1 036
-
936
-
accident
373
-
336
-
pensions
4 445
-
4 015
-
total
6 005
-
5 423
-
Corporate
-
21 500
-
-
income

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

-
3 225
-
-
total
-
3 225
-
-
Dividends
-
18 275
-
-
withholding
-
3 722
-
-
total
-
3 722
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 832
6 947
9 500
9 459
After tax
10 668
14 553
12 000
12 041
Living cost
14 008
14 008
14 008
14 008
Free-cash
-3 340
545
-2 008
-1 967

Estimated living cost  is ₴14008 per week

₴9455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12404
₴12469
₴12471
₴12314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
501
income
-
-
-
6 890
pensions
-
-
-
691
total
-
-
-
8 082
Employee
1 442
-
20 723
-
income
279
-
6 853
-
pensions
130
-
311
-
health
72
-
173
-
unemployment
14
-
35
-
total
495
-
7 372
-
Employer
1 442
-
20 723
-
unemployment
29
-
69
-
health
137
-
328
-
pensions
159
-
380
-
total
325
-
777
-
Corporate
19 734
21 500
-
-
income
4 341
4 730
-
-
total
4 341
4 730
-
-
Dividends
15 392
16 770
-
-
withholding
3 078
3 354
-
-
total
3 078
3 354
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 239
8 084
8 149
8 082
After tax
13 261
13 416
13 351
13 418
Living cost
947
947
947
947
Free-cash
12 314
12 469
12 404
12 471

Estimated living cost  is ₴947 per week

₴563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2963
₴6711
₴2037
₴4200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
health
-
-
-
2 215
income
-
-
-
2 513
pensions
-
-
-
5 590
unemployment
-
-
-
322
total
-
-
-
10 640
Employee

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

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

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

13 305
-
18 236
-
income
1 834
-
2 821
-
pensions
1 863
-
2 553
-
health
685
-
939
-
unemployment
100
-
137
-
total
4 482
-
6 450
-
Employer

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

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

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

13 305
-
18 236
-
unemployment
100
-
137
-
health
685
-
939
-
pensions
1 597
-
2 188
-
total
2 382
-
3 264
-
Corporate
5 813
21 500
-
-
income
872
3 225
-
-
total
872
3 225
-
-
Dividends
4 941
18 275
-
-
withholding
741
2 741
-
-
total
741
2 741
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 477
5 966
9 714
10 640
After tax
13 023
15 534
11 786
10 860
Living cost
8 823
8 823
8 823
8 823
Free-cash
4 200
6 711
2 963
2 037

Estimated living cost  is ₴8823 per week

₴5941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1525
-₴1504
-₴1113
-₴2966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
social contributions

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

-
-
-
7 472
income
-
-
-
1 408
surtax
-
-
-
-
total
-
-
-
8 880
Employee
19 772
-
17 374
-
surtax
-
-
-
-
social contributions
2 175
-
1 911
-
income
3 863
-
3 255
-
total
6 038
-
5 166
-
Employer
19 772
-
17 374
-
social contributions
4 695
-
4 126
-
total
4 695
-
4 126
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
4 515
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
4 756
-
-
total
-
4 756
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 733
9 271
9 292
8 880
After tax
10 767
12 229
12 208
12 620
Living cost
13 733
13 733
13 733
13 733
Free-cash
-2 966
-1 504
-1 525
-1 113

Estimated living cost  is ₴13733 per week

₴9727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
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.
₴2809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5903
-₴3350
-₴5862
-₴10946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
21
accident
-
-
-
193
income
-
-
-
3 010
pensions
-
-
-
6 084
unemployment
-
-
-
151
total
-
-
-
9 459
Employee
24 602
-
16 077
-
income
5 139
-
2 997
-
other
24
-
17
-
pensions
1 156
-
799
-
unemployment
381
-
264
-
total
6 700
-
4 077
-
Employer
24 602
-
16 077
-
other
197
-
136
-
unemployment
1 353
-
936
-
accident
487
-
336
-
pensions
5 806
-
4 015
-
total
7 843
-
5 423
-
Corporate
-
21 500
-
-
income

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

-
3 225
-
-
total
-
3 225
-
-
Dividends
-
18 275
-
-
withholding
-
3 722
-
-
total
-
3 722
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 543
6 947
9 500
9 459
After tax
6 957
14 553
12 000
12 041
Living cost
17 903
17 903
17 903
17 903
Free-cash
-10 946
-3 350
-5 903
-5 862

Estimated living cost  is ₴17903 per week

₴12857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4947
₴9668
₴4835
₴6579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
2 035
income
-
-
-
3 225
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
7 950
Employee
11 539
-
18 028
-
income
1 154
-
1 803
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 013
-
1 554
-
health
531
-
814
-
total
2 825
-
4 366
-
Employer
11 539
-
18 028
-
unemployment
69
-
106
-
health
796
-
1 221
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 950
-
total
2 264
-
3 472
-
Corporate
7 697
21 500
-
-
income
770
2 150
-
-
total
770
2 150
-
-
Dividends
6 927
19 350
-
-
withholding
347
967
-
-
total
347
967
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 206
3 117
7 838
7 950
After tax
15 294
18 383
13 662
13 550
Living cost
8 715
8 715
8 715
8 715
Free-cash
6 579
9 668
4 947
4 835

Estimated living cost  is ₴8715 per week

₴5764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
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.
₴2244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2762
-₴8489
-₴2762
-₴3846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
health

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

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

-
-
-
3 480
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.

-
-
-
1 057
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.

-
-
-
58
trade
-
-
-
-
total
-
-
-
4 595
Employee

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

25 347
-
21 500
-
surtax

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

115
-
58
-
income

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

2 084
-
1 057
-
health

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

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

3 480
-
3 480
-
total
5 679
-
4 595
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
chamber of commerce
-
109
-
-
surtax

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

-
177
-
-
trade
-
3 085
-
-
income
-
3 225
-
-
total
-
6 596
-
-
Dividends
-
14 904
-
-
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.

-
194
-
-
withholding
-
3 532
-
-
total
-
3 726
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 679
10 322
4 595
4 595
After tax
15 821
11 178
16 905
16 905
Living cost
19 667
19 667
19 667
19 667
Free-cash
-3 846
-8 489
-2 762
-2 762

Estimated living cost  is ₴19667 per week

₴13567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11517
-₴13968
-₴11517
-₴18348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
2 705
social contributions
-
-
-
1 293
total
-
-
-
3 998
Employee
39 848
-
21 500
-
income
7 519
-
2 705
-
social contributions
3 310
-
1 293
-
total
10 829
-
3 998
-
Employer
39 848
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
2 687
-
-
total
-
2 687
-
-
Dividends
-
18 813
-
-
withholding
-
3 762
-
-
total
-
3 762
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 829
6 449
3 998
3 998
After tax
10 671
15 051
17 502
17 502
Living cost
29 018
29 018
29 018
29 018
Free-cash
-18 348
-13 968
-11 517
-11 517

Estimated living cost  is ₴29018 per week

₴22077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2365
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.
₴4300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2582
-₴6613
-₴14654
-₴5731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
income
-
-
-
14 501
health

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

-
-
-
3 161
total
-
-
-
17 662
Employee
23 369
-
19 541
-
income
2 536
-
1 674
-
social contributions
2 341
-
1 958
-
total
4 877
-
3 632
-
Employer
23 369
-
19 541
-
social contributions
2 341
-
1 958
-
total
2 341
-
1 958
-
Corporate
-
21 500
-
-
income
-
7 525
-
-
total
-
7 525
-
-
Dividends
-
13 975
-
-
social contributions
1 521
2 096
-
-
total
1 521
2 096
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 739
9 621
5 590
17 662
After tax
12 761
11 879
15 910
3 838
Living cost
18 492
18 492
18 492
18 492
Free-cash
-5 731
-6 613
-2 582
-14 654

Estimated living cost  is ₴18492 per week

₴12181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1458
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4394
-₴2686
-₴2467
-₴7396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
4 082
pensions
-
-
-
1 090
total
-
-
-
5 172
Employee
25 799
-
19 407
-
income
4 698
-
3 599
-
health
337
-
205
-
pensions
1 969
-
1 202
-
total
7 004
-
5 006
-
Employer
25 799
-
19 407
-
health
490
-
369
-
pensions
2 607
-
1 724
-
total
3 097
-
2 093
-
Corporate
-
21 500
-
-
income

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

-
4 085
-
-
total
-
4 085
-
-
Dividends
-
17 415
-
-
withholding
-
1 306
-
-
total
-
1 306
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 101
5 391
7 099
5 172
After tax
11 399
16 109
14 401
16 328
Living cost
18 795
18 795
18 795
18 795
Free-cash
-7 396
-2 686
-4 394
-2 467

Estimated living cost  is ₴18795 per week

₴12893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1728
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.
₴3937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴844
-₴10456
₴2552
-₴1598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
3 183
pensions
-
-
-
2 131
total
-
-
-
6 750
Employee
19 187
-
17 860
-
income
2 632
-
2 450
-
pensions
2 161
-
2 011
-
health
2 197
-
2 045
-
total
6 990
-
6 506
-
Employer
19 187
-
17 860
-
unemployment
470
-
438
-
accident
320
-
298
-
pensions
3 120
-
2 904
-
total
3 910
-
3 640
-
Corporate
-
21 500
-
-
income

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

-
19 350
-
-
total
-
19 350
-
-
Dividends
-
2 150
-
-
withholding
-
408
-
-
total
-
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 900
19 758
10 146
6 750
After tax
10 600
1 742
11 354
14 750
Living cost
12 198
12 198
12 198
12 198
Free-cash
-1 598
-10 456
-844
2 552

Estimated living cost  is ₴12198 per week

₴8952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6184
₴11381
₴6184
₴8900
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 500
income
-
-
-
2 510
health insurance
-
-
-
1 591
work injury
-
-
-
107
pensions
-
-
-
3 956
unemployment
-
-
-
258
total
-
-
-
8 422
Employee

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

11 030
-
21 500
-
income
1 103
-
2 510
-
work injury
55
-
107
-
health insurance
816
-
1 591
-
pensions
2 030
-
3 956
-
unemployment
132
-
258
-
total
4 136
-
8 422
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 470
21 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
10 470
21 500
-
-
withholding
1 570
3 225
-
-
total
1 570
3 225
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 706
3 225
8 422
8 422
After tax
15 794
18 275
13 078
13 078
Living cost
6 894
6 894
6 894
6 894
Free-cash
8 900
11 381
6 184
6 184

Estimated living cost  is ₴6894 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
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.
₴1907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₴9697
-₴8969
-₴8491
-₴21427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
5 530
national
-
-
-
3 732
regional
-
-
-
291
municipal
-
-
-
144
total
-
-
-
9 697
Employee
42 926
-
21 500
-
social contributions
14 475
-
7 249
-
municipal
256
-
129
-
national
7 254
-
3 278
-
regional
648
-
247
-
total
22 633
-
10 903
-
Employer
42 926
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
nationa
-
5 160
-
-
municipal
-
1 036
-
-
total
-
6 196
-
-
Dividends
-
15 303
-
-
withholding
-
3 979
-
-
total
-
3 979
-
-
Income
21 500
21 500
21 500
21 500
Total tax
22 633
10 175
10 903
9 697
After tax
-1 133
11 325
10 597
11 803
Living cost
20 294
20 294
20 294
20 294
Free-cash
-21 427
-8 969
-9 697
-8 491

Estimated living cost  is ₴20294 per week

₴14255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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