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
-₴4685
₴1027
₴1279
₴1279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
income

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

-
-
-
995
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.

-
-
-
3 528
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.

-
-
-
55
total
-
-
-
4 578
Employee

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

19 753
-
21 500
-
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.

552
-
995
-
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
-
55
-
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.

3 528
-
3 528
-
total
4 110
-
4 578
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 747
21 500
-
-
income
262
3 225
-
-
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.

15
177
-
-
trade
275
3 386
-
-
chamber of commerce
81
110
-
-
total
633
6 898
-
-
Dividends
1 114
14 601
-
-
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.

5
190
-
-
withholding
82
3 454
-
-
total
87
3 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
4 830
10 542
4 578
4 578
After tax
16 670
10 958
16 922
16 922
Living cost
15 643
15 643
15 643
15 643
Free-cash
1 027
-4 685
1 279
1 279

Estimated living cost  is ₴15643 per week

₴9840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15177
-₴26847
-₴14503
-₴14334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
1 804
national
-
-
-
2 795
pensions
-
-
-
2 580
social contributions
-
-
-
231
total
-
-
-
7 410
Employee
44 324
-
18 587
-
national
8 484
-
2 924
-
pensions
1 773
-
743
-
municipal
5 475
-
1 887
-
total
15 732
-
5 554
-
Employer
44 324
-
18 587
-
social contributions
476
-
200
-
pensions
3 546
-
1 487
-
total
4 022
-
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
19 754
8 084
7 241
7 410
After tax
1 746
13 416
14 259
14 090
Living cost
28 593
28 593
28 593
28 593
Free-cash
-26 847
-15 177
-14 334
-14 503

Estimated living cost  is ₴28593 per week

₴19434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6456
₴2220
₴5905
₴1592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
3 225
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 626
total
-
-
-
4 851
Employee
15 091
-
17 326
-
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.

1 660
-
1 906
-
income
2 686
-
3 084
-
surtax
-
-
-
-
total
4 346
-
4 990
-
Employer
15 091
-
17 326
-
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.

3 635
-
4 174
-
surtax
-
-
-
-
total
3 635
-
4 174
-
Corporate
2 774
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%.

555
4 300
-
-
total
555
4 300
-
-
Dividends

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

2 219
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 536
4 300
9 164
4 851
After tax
12 964
17 200
12 336
16 649
Living cost
10 744
10 744
10 744
10 744
Free-cash
2 220
6 456
1 592
5 905

Estimated living cost  is ₴10744 per week

₴6855
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
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.
₴2623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26887
-₴29785
-₴9262
-₴29785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 957
health
-
-
-
3 300
pensions
-
-
-
3 870
total
-
-
-
9 127
Employee
44 103
44 103
44 103
-
pensions
7 938
6 051
7 938
-
income

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

7 219
7 219
7 219
-
health
6 769
5 758
6 769
-
total
21 926
19 028
21 926
-
Employer
44 103
44 103
44 103
-
health
3 066
3 066
3 066
-
pensions
3 070
3 070
3 070
-
unemployment
1 588
1 588
1 588
-
total
7 724
7 724
7 724
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
29 650
26 752
29 650
9 127
After tax
-8 150
-5 252
-8 150
12 373
Living cost
21 635
21 635
21 635
21 635
Free-cash
-29 785
-26 887
-29 785
-9 262

Estimated living cost  is ₴21635 per week

₴15332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8833
-₴17024
-₴9855
-₴9091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
4 554
national
-
-
-
-
unemployment
-
-
-
22
accident
-
-
-
43
health
-
-
-
1 342
pensions
-
-
-
2 324
other
-
-
-
2 498
total
-
-
-
10 783
Employee
29 313
-
16 360
-
national
-
-
-
-
municipal
8 741
-
4 879
-
total
8 741
-
4 879
-
Employer
29 313
-
16 360
-
health
1 803
-
1 006
-
pensions
3 169
-
1 768
-
accident
59
-
33
-
other
3 406
-
1 901
-
unemployment
774
-
432
-
total
9 211
-
5 140
-
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
17 952
9 761
10 019
10 783
After tax
3 548
11 739
11 481
10 717
Living cost
20 572
20 572
20 572
20 572
Free-cash
-17 024
-8 833
-9 091
-9 855

Estimated living cost  is ₴20572 per week

₴13634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9440
-₴4689
-₴3366
-₴3366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
income

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

-
-
-
995
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.

-
-
-
3 528
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.

-
-
-
55
total
-
-
-
4 578
Employee

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

26 190
-
21 500
-
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.

2 250
-
995
-
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.

123
-
55
-
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.

3 528
-
3 528
-
total
5 901
-
4 578
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
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
-
-
chamber of commerce
-
109
-
-
total
-
7 048
-
-
Dividends
-
14 451
-
-
surtax

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

-
188
-
-
withholding
-
3 416
-
-
total
-
3 604
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 901
10 652
4 578
4 578
After tax
15 599
10 848
16 922
16 922
Living cost
20 288
20 288
20 288
20 288
Free-cash
-4 689
-9 440
-3 366
-3 366

Estimated living cost  is ₴20288 per week

₴13569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2139
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4277
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6929
-₴4106
₴847
-₴3466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
548
social contributions
-
-
-
3 354
total
-
-
-
3 902
Employee
39 712
39 712
39 712
-
social contributions
1 930
3 296
1 620
-
income
4 170
3 676
4 282
-
health
395
675
332
-
total
6 495
7 647
6 234
-
Employer
39 712
39 712
39 712
-
social contributions
1 930
3 296
1 620
-
health
430
735
361
-
total
2 360
4 031
1 981
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 855
11 678
8 215
3 902
After tax
12 645
9 822
13 285
17 598
Living cost
16 751
16 751
16 751
16 751
Free-cash
-4 106
-6 929
-3 466
847

Estimated living cost  is ₴16751 per week

₴11451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2121
₴2331
₴4777
₴2347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
322
income
-
-
-
2 628
health
-
-
-
1 505
pensions
-
-
-
2 150
total
-
-
-
6 605
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.

14 605
5 813
17 992
-
pensions
1 461
581
1 799
-
unemployment
219
87
270
-
income
1 785
711
2 199
-
health
1 022
407
1 259
-
total
4 487
1 786
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.

14 605
5 813
17 992
-
pensions
2 848
1 133
3 508
-
total
2 848
1 133
3 508
-
Corporate
4 047
14 554
-
-
income
364
1 310
-
-
total
364
1 310
-
-
Dividends
3 682
13 244
-
-
social contributions
652
2 516
-
-
withholding
700
2 516
-
-
total
1 352
5 032
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 051
9 261
9 035
6 605
After tax
12 449
12 239
12 465
14 895
Living cost
10 118
10 118
10 118
10 118
Free-cash
2 331
2 121
2 347
4 777

Estimated living cost  is ₴10118 per week

₴6905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4726
₴1519
₴193
₴942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 738
health
-
-
-
2 795
pensions
-
-
-
4 300
total
-
-
-
8 833
Employee
14 651
-
16 069
-
pensions
293
-
321
-
unemployment
234
-
257
-
income
1 649
-
2 075
-
total
2 176
-
2 653
-
Employer
14 651
-
16 069
-
health
1 904
-
2 089
-
pensions
2 930
-
3 214
-
unemployment
118
-
128
-
total
4 952
-
5 431
-
Corporate
1 897
21 500
-
-
income
379
4 300
-
-
total
379
4 300
-
-
Dividends
1 518
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 507
4 300
8 084
8 833
After tax
13 993
17 200
13 416
12 667
Living cost
12 474
12 474
12 474
12 474
Free-cash
1 519
4 726
942
193

Estimated living cost  is ₴12474 per week

₴8556
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9451
₴24
₴3576
₴161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
128
income
-
-
-
3 187
health
-
-
-
1 110
pensions
-
-
-
2 117
other
-
-
-
189
total
-
-
-
6 731
Employee
17 607
-
17 860
-
pensions
1 983
-
2 011
-
income
2 415
-
2 450
-
health
2 016
-
2 045
-
total
6 414
-
6 506
-
Employer
17 607
-
17 860
-
pensions
2 863
-
2 904
-
accident
294
-
298
-
unemployment
431
-
438
-
total
3 588
-
3 640
-
Corporate
305
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.

275
19 350
-
-
total
275
19 350
-
-
Dividends
30
2 150
-
-
withholding
6
408
-
-
total
6
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 283
19 758
10 146
6 731
After tax
11 217
1 742
11 354
14 769
Living cost
11 193
11 193
11 193
11 193
Free-cash
24
-9 451
161
3 576

Estimated living cost  is ₴11193 per week

₴8203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2136
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15948
₴15109
₴16808
₴12723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 596
-
21 500
-
income
1 119
-
4 300
-
total
1 119
-
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%.

15 904
21 500
-
-
total
-
-
-
-
Dividends
15 904
21 500
-
-
withholding
795
1 075
-
-
total
795
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
1 914
1 075
4 300
215
After tax
19 586
20 425
17 200
21 285
Living cost
4 477
4 477
4 477
4 477
Free-cash
15 109
15 948
12 723
16 808

Estimated living cost  is ₴4477 per week

₴2774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2035
-₴1977
-₴2118
-₴1160
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 730
health
-
-
-
946
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.

-
-
-
5 160
other
-
-
-
1 021
total
-
-
-
9 857
Employee
18 752
-
17 173
-
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.

1 312
-
1 203
-
unemployment
187
-
172
-
income
3 228
-
2 956
-
health
263
-
240
-
total
4 990
-
4 571
-
Employer
18 752
-
17 173
-
health
263
-
240
-
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.

3 188
-
2 920
-
accident
150
-
137
-
other
938
-
859
-
unemployment
187
-
172
-
total
4 726
-
4 328
-
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
9 716
5 704
8 899
9 857
After tax
11 784
15 796
12 601
11 643
Living cost
13 761
13 761
13 761
13 761
Free-cash
-1 977
2 035
-1 160
-2 118

Estimated living cost  is ₴13761 per week

₴9723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18519
-₴34209
-₴18285
-₴20191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 086
pensions
-
-
-
1 071
total
-
-
-
5 157
Employee
48 993
-
19 426
-
pensions
4 727
-
1 178
-
income
8 832
-
3 609
-
health
807
-
202
-
total
14 366
-
4 989
-
Employer
48 993
-
19 426
-
health
930
-
369
-
pensions
5 785
-
1 705
-
total
6 715
-
2 074
-
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
21 081
5 391
7 063
5 157
After tax
419
16 109
14 437
16 343
Living cost
34 628
34 628
34 628
34 628
Free-cash
-34 209
-18 519
-20 191
-18 285

Estimated living cost  is ₴34628 per week

₴25947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4069
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4331
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11476
₴9029
₴6456
₴6667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
income
-
-
-
3 225
health
-
-
-
2 116
pensions

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

-
-
-
2 723
total
-
-
-
8 138
Employee
9 145
-
17 973
-
pensions

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

803
-
1 578
-
income
914
-
1 798
-
health
421
-
826
-
accident

We are using the highest rate at 1.1%.

101
-
198
-
total
2 239
-
4 400
-
Employer
9 145
-
17 973
-
health
631
-
1 240
-
pensions

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

1 008
-
1 981
-
accident

We are using the highest rate at 1.1%.

101
-
198
-
unemployment
55
-
108
-
total
1 795
-
3 527
-
Corporate
10 561
21 500
-
-
income
1 056
2 150
-
-
total
1 056
2 150
-
-
Dividends
9 505
19 350
-
-
withholding
475
968
-
-
total
475
968
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 565
3 118
7 927
8 138
After tax
15 935
18 382
13 573
13 362
Living cost
6 906
6 906
6 906
6 906
Free-cash
9 029
11 476
6 667
6 456

Estimated living cost  is ₴6906 per week

₴4032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴33890
-₴34764
-₴16265
-₴36788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 957
health
-
-
-
3 300
pensions
-
-
-
3 870
total
-
-
-
9 127
Employee
47 881
44 103
44 103
-
pensions
6 051
6 051
7 938
-
income

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

7 219
7 219
7 219
-
health
5 973
5 758
6 769
-
total
19 243
19 028
21 926
-
Employer
47 881
44 103
44 103
-
health
3 327
3 066
3 066
-
pensions
3 332
3 070
3 070
-
unemployment
1 724
1 588
1 588
-
total
8 383
7 724
7 724
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
27 626
26 752
29 650
9 127
After tax
-6 126
-5 252
-8 150
12 373
Living cost
28 638
28 638
28 638
28 638
Free-cash
-34 764
-33 890
-36 788
-16 265

Estimated living cost  is ₴28638 per week

₴21125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1988
-₴3752
-₴2344
-₴1904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
1 848
health
-
-
-
2 903
social contributions
-
-
-
6 278
total
-
-
-
11 029
Employee
18 845
-
16 045
-
social contributions
1 225
-
1 043
-
income
2 261
-
1 925
-
solidarity contribution
-
-
-
-
health
2 544
-
2 166
-
total
6 030
-
5 134
-
Employer
18 845
-
16 045
-
social contributions
4 711
-
4 011
-
health
1 696
-
1 444
-
total
6 407
-
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
12 437
6 697
10 589
11 029
After tax
9 063
14 803
10 911
10 471
Living cost
12 815
12 815
12 815
12 815
Free-cash
-3 752
1 988
-1 904
-2 344

Estimated living cost  is ₴12815 per week

₴8901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
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.
₴2750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10321
-₴24398
-₴9872
-₴11107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
127
national
-
-
-
3 724
regional
-
-
-
200
social contributions
-
-
-
5 529
total
-
-
-
9 580
Employee
45 899
-
21 500
-
national
7 953
-
3 277
-
social contributions
15 477
-
7 249
-
municipal
243
-
114
-
regional
433
-
175
-
total
24 106
-
10 815
-
Employer
45 899
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
municipal
-
839
-
-
nationa
-
5 160
-
-
total
-
5 999
-
-
Dividends
-
15 501
-
-
withholding
-
4 030
-
-
total
-
4 030
-
-
Income
21 500
21 500
21 500
21 500
Total tax
24 106
10 029
10 815
9 580
After tax
-2 606
11 471
10 685
11 920
Living cost
21 792
21 792
21 792
21 792
Free-cash
-24 398
-10 321
-11 107
-9 872

Estimated living cost  is ₴21792 per week

₴15191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2128
₴519
₴965
₴445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
118
income
-
-
-
3 111
health
-
-
-
1 527
surtax
-
-
-
83
pensions
-
-
-
4 300
other
-
-
-
-
total
-
-
-
9 139
Employee
17 079
-
17 761
-
pensions
1 139
-
1 185
-
unemployment
1 189
-
1 236
-
income
2 863
-
2 977
-
other
-
-
-
-
surtax
56
-
69
-
health
436
-
453
-
total
5 683
-
5 920
-
Employer
17 079
-
17 761
-
health
777
-
808
-
pensions
2 277
-
2 368
-
other
-
-
-
-
unemployment
541
-
563
-
total
3 595
-
3 739
-
Corporate
827
21 500
-
-
income
215
5 590
-
-
total
215
5 590
-
-
Dividends
612
15 910
-
-
withholding
92
2 386
-
-
total
92
2 386
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 585
7 976
9 659
9 139
After tax
11 915
13 524
11 841
12 361
Living cost
11 396
11 396
11 396
11 396
Free-cash
519
2 128
445
965

Estimated living cost  is ₴11396 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1052
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7548
-₴15513
-₴7314
-₴9220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 086
pensions
-
-
-
1 071
total
-
-
-
5 157
Employee
32 834
-
19 426
-
pensions
2 787
-
1 178
-
income
5 914
-
3 609
-
health
477
-
202
-
total
9 178
-
4 989
-
Employer
32 834
-
19 426
-
health
624
-
369
-
pensions
3 554
-
1 705
-
total
4 178
-
2 074
-
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
13 356
5 391
7 063
5 157
After tax
8 144
16 109
14 437
16 343
Living cost
23 657
23 657
23 657
23 657
Free-cash
-15 513
-7 548
-9 220
-7 314

Estimated living cost  is ₴23657 per week

₴17724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
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.
₴3912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴30623
-₴30350
-₴22082
-₴23552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
225
national
-
-
-
30
regional
-
-
-
334
health
-
-
-
132
pensions
-
-
-
1 978
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
total
-
-
-
3 129
Employee
47 341
-
19 037
-
national
224
-
15
-
city
508
-
202
-
pensions
3 977
-
1 831
-
unemployment
-
-
-
-
health
107
-
43
-
regional
1 550
-
254
-
total
6 366
-
2 345
-
Employer
47 341
-
19 037
-
health
107
-
43
-
pensions
3 977
-
1 831
-
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.

947
-
380
-
unemployment
-
-
-
-
total
5 031
-
2 254
-
Corporate
-
21 500
-
-
national
-
1 828
-
-
regional
-
4 548
-
-
total
-
6 376
-
-
Dividends
-
15 125
-
-
withholding
-
5 294
-
-
total
-
5 294
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 397
11 670
4 599
3 129
After tax
10 103
9 830
16 901
18 371
Living cost
40 453
40 453
40 453
40 453
Free-cash
-30 350
-30 623
-23 552
-22 082

Estimated living cost  is ₴40453 per week

₴26306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴12922
-₴9538
-₴6737
-₴6737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
income

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

-
-
-
995
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.

-
-
-
3 528
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.

-
-
-
55
total
-
-
-
4 578
Employee

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

31 038
-
21 500
-
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.

3 650
-
995
-
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.

201
-
55
-
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.

3 528
-
3 528
-
total
7 379
-
4 578
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
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
-
-
chamber of commerce
-
109
-
-
total
-
7 198
-
-
Dividends
-
14 301
-
-
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
-
3 379
-
-
total
-
3 565
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 379
10 763
4 578
4 578
After tax
14 121
10 737
16 922
16 922
Living cost
23 659
23 659
23 659
23 659
Free-cash
-9 538
-12 922
-6 737
-6 737

Estimated living cost  is ₴23659 per week

₴17279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6834
-₴7505
-₴4601
-₴4218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
555
health
-
-
-
186
surtax
-
-
-
-
pensions
-
-
-
6 412
other
-
-
-
666
social contributions
-
-
-
613
total
-
-
-
8 432
Employee
22 103
-
16 383
-
pensions
2 499
-
1 853
-
social contributions
630
-
467
-
income
1 304
-
613
-
surtax
-
-
-
-
total
4 433
-
2 933
-
Employer
22 103
-
16 383
-
social contributions
67
-
49
-
health
1 548
-
1 147
-
pensions
3 631
-
2 692
-
other
762
-
565
-
unemployment
895
-
663
-
total
6 903
-
5 116
-
Corporate
-
21 500
-
-
income
-
6 020
-
-
surtax
-
-
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
social contributions
-
2 663
-
-
surtax
-
-
-
-
withholding
-
1 982
-
-
total
-
4 645
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 336
10 665
8 049
8 432
After tax
10 164
10 835
13 451
13 068
Living cost
17 669
17 669
17 669
17 669
Free-cash
-7 505
-6 834
-4 218
-4 601

Estimated living cost  is ₴17669 per week

₴11141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5084
-₴4393
-₴2851
-₴2468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
555
health
-
-
-
186
surtax
-
-
-
-
pensions
-
-
-
6 412
other
-
-
-
666
social contributions
-
-
-
613
total
-
-
-
8 432
Employee
19 730
-
16 383
-
pensions
2 232
-
1 853
-
social contributions
563
-
467
-
income
1 017
-
613
-
surtax
-
-
-
-
total
3 812
-
2 933
-
Employer
19 730
-
16 383
-
social contributions
59
-
49
-
health
1 381
-
1 147
-
pensions
3 242
-
2 692
-
other
681
-
565
-
unemployment
799
-
663
-
total
6 162
-
5 116
-
Corporate
-
21 500
-
-
income
-
6 020
-
-
surtax
-
-
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
social contributions
-
2 663
-
-
surtax
-
-
-
-
withholding
-
1 982
-
-
total
-
4 645
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 974
10 665
8 049
8 432
After tax
11 526
10 835
13 451
13 068
Living cost
15 919
15 919
15 919
15 919
Free-cash
-4 393
-5 084
-2 468
-2 851

Estimated living cost  is ₴15919 per week

₴9232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2165
₴1864
₴2857
₴2243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 225
health
-
-
-
1 500
social contributions
-
-
-
2 967
total
-
-
-
7 692
Employee
17 511
-
21 500
-
social contributions
2 417
-
2 967
-
income
2 921
-
3 839
-
health
1 222
-
1 500
-
total
6 560
-
8 306
-
Employer
17 511
-
21 500
-
total
-
-
-
-
Corporate
3 989
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%.

200
1 075
-
-
total
200
1 075
-
-
Dividends
3 789
20 425
-
-
social contributions
901
2 819
-
-
health
456
1 426
-
-
withholding
568
3 064
-
-
total
1 925
7 309
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 685
8 384
8 306
7 692
After tax
12 815
13 116
13 194
13 808
Living cost
10 951
10 951
10 951
10 951
Free-cash
1 864
2 165
2 243
2 857

Estimated living cost  is ₴10951 per week

₴7329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
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.
₴2694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8457
-₴12328
-₴6158
-₴10099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 168
income
-
-
-
482
chamber of commerce
-
-
-
86
health
-
-
-
1 645
surtax
-
-
-
102
pensions
-
-
-
3 977
total
-
-
-
9 460
Employee
25 810
20 581
20 581
-
pensions
2 643
2 107
1 677
-
unemployment
774
617
491
-
income
2 938
1 518
1 709
-
other
258
206
164
-
health
999
797
634
-
total
7 612
5 245
4 675
-
Employer
25 810
20 581
20 581
-
chamber of commerce
103
82
82
-
health
975
778
619
-
payroll
774
617
617
-
pensions
3 239
2 583
2 055
-
surtax
102
102
102
-
accident
335
268
213
-
other
1 226
977
942
-
unemployment
774
617
491
-
total
7 528
6 024
5 121
-
Corporate
1 960
1 960
14 418
-
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.

490
490
3 605
-
total
490
490
3 605
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 630
11 759
13 401
9 460
After tax
5 870
9 741
8 099
12 040
Living cost
18 198
18 198
18 198
18 198
Free-cash
-12 328
-8 457
-10 099
-6 158

Estimated living cost  is ₴18198 per week

₴12137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1552
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.
₴4209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6662
-₴26195
-₴6205
-₴9064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
5 962
communal

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

-
-
-
1 187
social contributions
-
-
-
1 726
total
-
-
-
8 875
Employee

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

36 942
-
16 653
-
national
11 357
-
3 843
-
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.

2 771
-
1 249
-
communal

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

1 927
-
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.

321
-
145
-
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.

1 736
-
782
-
total
18 112
-
6 887
-
Employer

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

36 942
-
16 653
-
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.

2 272
-
1 024
-
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.

3 273
-
1 475
-
surtax
4 189
-
1 888
-
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.

480
-
217
-
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.

539
-
243
-
total
10 753
-
4 847
-
Corporate
-
21 500
-
-
income
-
4 300
-
-
surtax
-
86
-
-
total
-
4 386
-
-
Dividends
-
17 114
-
-
withholding

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

-
4 946
-
-
total
-
4 946
-
-
Income
21 500
21 500
21 500
21 500
Total tax
28 865
9 332
11 734
8 875
After tax
-7 365
12 168
9 766
12 625
Living cost
18 830
18 830
18 830
18 830
Free-cash
-26 195
-6 662
-9 064
-6 205

Estimated living cost  is ₴18830 per week

₴12129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1646
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.
₴4760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4096
-₴12402
-₴6603
-₴6713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
151
accident
-
-
-
193
income
-
-
-
3 002
pensions
-
-
-
6 084
other
-
-
-
22
total
-
-
-
9 452
Employee
25 708
-
16 002
-
pensions
1 208
-
811
-
unemployment
399
-
268
-
income
5 424
-
2 967
-
other
25
-
18
-
total
7 056
-
4 064
-
Employer
25 708
-
16 002
-
pensions
6 067
-
4 070
-
accident
509
-
341
-
other
205
-
138
-
unemployment
1 414
-
949
-
total
8 195
-
5 498
-
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
-
3 720
-
-
total
-
3 720
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 251
6 945
9 562
9 452
After tax
6 249
14 555
11 938
12 048
Living cost
18 651
18 651
18 651
18 651
Free-cash
-12 402
-4 096
-6 713
-6 603

Estimated living cost  is ₴18651 per week

₴13735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴14537
-₴22283
-₴14038
-₴14039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
221
income
-
-
-
391
communal
-
-
-
-
health
-
-
-
1 843
surtax
-
-
-
1 085
pensions
-
-
-
3 932
total
-
-
-
7 472
Employee
39 110
-
18 563
-
pensions
3 128
-
1 966
-
income
3 778
-
391
-
surtax
2 397
-
1 085
-
health
1 741
-
1 094
-
total
11 044
-
4 536
-
Employer
39 110
-
18 563
-
health
1 193
-
750
-
pensions
3 128
-
1 966
-
accident
352
-
221
-
total
4 673
-
2 937
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
surtax
-
225
-
-
communal
-
1 451
-
-
total
-
4 901
-
-
Dividends
-
16 598
-
-
income
-
581
-
-
withholding
-
2 489
-
-
total
-
3 070
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 717
7 971
7 473
7 472
After tax
5 783
13 529
14 027
14 028
Living cost
28 066
28 066
28 066
28 066
Free-cash
-22 283
-14 537
-14 039
-14 038

Estimated living cost  is ₴28066 per week

₴21054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1700
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.
₴5014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1924
₴280
₴761
₴241
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
118
income
-
-
-
3 111
health
-
-
-
1 527
surtax
-
-
-
83
pensions
-
-
-
4 300
other
-
-
-
-
total
-
-
-
9 139
Employee
17 392
-
17 761
-
pensions
1 160
-
1 185
-
unemployment
1 210
-
1 236
-
income
2 916
-
2 977
-
other
-
-
-
-
surtax
62
-
69
-
health
444
-
453
-
total
5 792
-
5 920
-
Employer
17 392
-
17 761
-
health
791
-
808
-
pensions
2 319
-
2 368
-
other
-
-
-
-
unemployment
552
-
563
-
total
3 662
-
3 739
-
Corporate
446
21 500
-
-
income
116
5 590
-
-
total
116
5 590
-
-
Dividends
331
15 910
-
-
withholding
50
2 386
-
-
total
50
2 386
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 620
7 976
9 659
9 139
After tax
11 880
13 524
11 841
12 361
Living cost
11 600
11 600
11 600
11 600
Free-cash
280
1 924
241
761

Estimated living cost  is ₴11600 per week

₴7003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2610
-₴7149
-₴2116
-₴3341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
127
national
-
-
-
3 724
regional
-
-
-
324
social contributions
-
-
-
5 529
total
-
-
-
9 704
Employee
28 648
-
21 500
-
national
4 539
-
3 277
-
social contributions
9 660
-
7 249
-
municipal
152
-
114
-
regional
386
-
289
-
total
14 737
-
10 929
-
Employer
28 648
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
municipal
-
1 068
-
-
nationa
-
5 160
-
-
total
-
6 228
-
-
Dividends
-
15 272
-
-
withholding
-
3 970
-
-
total
-
3 970
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 737
10 198
10 929
9 704
After tax
6 763
11 302
10 571
11 796
Living cost
13 912
13 912
13 912
13 912
Free-cash
-7 149
-2 610
-3 341
-2 116

Estimated living cost  is ₴13912 per week

₴8652
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.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴988
-₴9618
-₴5320
-₴4880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
1 848
health
-
-
-
2 903
social contributions
-
-
-
6 278
total
-
-
-
11 029
Employee
23 222
-
16 045
-
social contributions
1 509
-
1 043
-
income
2 787
-
1 925
-
solidarity contribution
-
-
-
-
health
3 135
-
2 166
-
total
7 431
-
5 134
-
Employer
23 222
-
16 045
-
social contributions
5 806
-
4 011
-
health
2 090
-
1 444
-
total
7 896
-
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
15 327
6 697
10 589
11 029
After tax
6 173
14 803
10 911
10 471
Living cost
15 791
15 791
15 791
15 791
Free-cash
-9 618
-988
-4 880
-5 320

Estimated living cost  is ₴15791 per week

₴11743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6634
-₴8061
-₴4335
-₴8327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 168
income
-
-
-
482
chamber of commerce
-
-
-
86
health
-
-
-
1 645
surtax
-
-
-
-
pensions
-
-
-
3 977
total
-
-
-
9 358
Employee
22 575
20 581
20 581
-
pensions
2 312
2 107
1 686
-
unemployment
677
617
494
-
income
2 011
1 518
1 705
-
other
225
206
165
-
health
873
797
637
-
total
6 098
5 245
4 687
-
Employer
22 575
20 581
20 581
-
chamber of commerce
90
82
82
-
health
854
778
622
-
payroll
677
617
617
-
pensions
2 833
2 583
2 066
-
surtax
-
-
-
-
accident
293
268
214
-
other
1 072
977
943
-
unemployment
677
617
494
-
total
6 496
5 922
5 038
-
Corporate
1 960
1 960
14 501
-
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.

490
490
3 625
-
total
490
490
3 625
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
13 084
11 657
13 350
9 358
After tax
8 416
9 843
8 150
12 142
Living cost
16 477
16 477
16 477
16 477
Free-cash
-8 061
-6 634
-8 327
-4 335

Estimated living cost  is ₴16477 per week

₴9884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
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.
₴4616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13449
₴12141
₴14309
₴10224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 720
-
21 500
-
income
1 744
-
4 300
-
total
1 744
-
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%.

12 780
21 500
-
-
total
-
-
-
-
Dividends
12 780
21 500
-
-
withholding
639
1 075
-
-
total
639
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
2 383
1 075
4 300
215
After tax
19 117
20 425
17 200
21 285
Living cost
6 976
6 976
6 976
6 976
Free-cash
12 141
13 449
10 224
14 309

Estimated living cost  is ₴6976 per week

₴4721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴293
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴951
-₴4893
-₴1726
-₴2407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
32
income
-
-
-
3 300
health
-
-
-
2 116
pensions
-
-
-
3 926
total
-
-
-
9 374
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.

22 837
-
18 604
-
pensions
3 540
-
2 883
-
unemployment
32
-
26
-
income
3 938
-
3 048
-
health
1 475
-
1 202
-
total
8 985
-
7 159
-
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.

22 837
-
18 604
-
health
1 521
-
1 239
-
pensions
2 021
-
1 646
-
unemployment
14
-
11
-
total
3 556
-
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
12 541
6 697
10 055
9 374
After tax
8 959
14 803
11 445
12 126
Living cost
13 852
13 852
13 852
13 852
Free-cash
-4 893
951
-2 407
-1 726

Estimated living cost  is ₴13852 per week

₴9507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11120
-₴62128
-₴9343
-₴10215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 191
social contributions
-
-
-
2 451
total
-
-
-
6 642
Employee
34 701
-
1 017
-
social contributions
2 845
-
406
-
income
7 654
-
135
-
total
10 499
-
541
-
Employer
34 701
-
1 017
-
social contributions
48 928
-
6 973
-
total
48 928
-
6 973
-
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
59 427
8 419
7 514
6 642
After tax
-37 927
13 081
13 986
14 858
Living cost
24 201
24 201
24 201
24 201
Free-cash
-62 128
-11 120
-10 215
-9 343

Estimated living cost  is ₴24201 per week

₴15703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3970
-₴7894
-₴3570
-₴3975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 400
surtax
-
-
-
-
social contributions

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

-
-
-
7 471
total
-
-
-
8 871
Employee
23 753
-
17 374
-
social contributions
2 613
-
1 911
-
income
4 941
-
3 239
-
surtax
-
-
-
-
total
7 554
-
5 150
-
Employer
23 753
-
17 374
-
social contributions
5 641
-
4 126
-
total
5 641
-
4 126
-
Corporate
-
21 500
-
-
income
-
4 515
-
-
surtax
-
-
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
4 756
-
-
total
-
4 756
-
-
Income
21 500
21 500
21 500
21 500
Total tax
13 195
9 271
9 276
8 871
After tax
8 305
12 229
12 224
12 629
Living cost
16 199
16 199
16 199
16 199
Free-cash
-7 894
-3 970
-3 975
-3 570

Estimated living cost  is ₴16199 per week

₴12120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14109
-₴20948
-₴11876
-₴11493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
555
health
-
-
-
186
surtax
-
-
-
-
pensions
-
-
-
6 412
other
-
-
-
666
social contributions
-
-
-
613
total
-
-
-
8 432
Employee
32 346
-
16 383
-
pensions
3 659
-
1 853
-
social contributions
921
-
467
-
income
2 822
-
613
-
surtax
-
-
-
-
total
7 402
-
2 933
-
Employer
32 346
-
16 383
-
social contributions
97
-
49
-
health
2 264
-
1 147
-
pensions
5 315
-
2 692
-
other
1 116
-
565
-
unemployment
1 310
-
663
-
total
10 102
-
5 116
-
Corporate
-
21 500
-
-
income
-
6 020
-
-
surtax
-
-
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
social contributions
-
2 663
-
-
surtax
-
-
-
-
withholding
-
1 982
-
-
total
-
4 645
-
-
Income
21 500
21 500
21 500
21 500
Total tax
17 504
10 665
8 049
8 432
After tax
3 996
10 835
13 451
13 068
Living cost
24 944
24 944
24 944
24 944
Free-cash
-20 948
-14 109
-11 493
-11 876

Estimated living cost  is ₴24944 per week

₴16881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3826
₴2091
₴1246
₴1882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 603
-
18 614
-
social contributions
1 079
-
1 210
-
income
-
-
-
-
total
1 079
-
1 210
-
Employer
16 603
-
18 614
-
social contributions
2 574
-
2 884
-
total
2 574
-
2 884
-
Corporate
2 323
21 500
-
-
income
232
2 150
-
-
total
232
2 150
-
-
Dividends
2 091
19 350
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
3 885
2 150
4 094
4 730
After tax
17 615
19 350
17 406
16 770
Living cost
15 524
15 524
15 524
15 524
Free-cash
2 091
3 826
1 882
1 246

Estimated living cost  is ₴15524 per week

₴10038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴90805
-₴90805
-₴10346
-₴90805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
3 069
national
-
-
-
1 822
labour market
-
-
-
1 684
pensions
-
-
-
447
total
-
-
-
7 022
Employee
104 777
104 777
104 777
-
national
12 800
12 800
12 800
-
pensions
149
149
149
-
municipal
22 312
22 312
22 312
-
labour market
8 370
8 370
8 370
-
total
43 631
43 631
43 631
-
Employer
104 777
104 777
104 777
-
municipal
22 347
22 347
22 347
-
labour market
8 382
8 382
8 382
-
national
12 823
12 823
12 823
-
pensions
298
298
298
-
total
43 850
43 850
43 850
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
87 481
87 481
87 481
7 022
After tax
-65 981
-65 981
-65 981
14 478
Living cost
24 824
24 824
24 824
24 824
Free-cash
-90 805
-90 805
-90 805
-10 346

Estimated living cost  is ₴24824 per week

₴16990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2196
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5256
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9286
₴49
₴3741
₴326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
128
income
-
-
-
3 187
health
-
-
-
1 110
pensions
-
-
-
2 117
other
-
-
-
189
total
-
-
-
6 731
Employee
17 347
-
17 860
-
pensions
1 953
-
2 011
-
income
2 380
-
2 450
-
health
1 986
-
2 045
-
total
6 319
-
6 506
-
Employer
17 347
-
17 860
-
pensions
2 821
-
2 904
-
accident
290
-
298
-
unemployment
425
-
438
-
total
3 536
-
3 640
-
Corporate
618
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.

556
19 350
-
-
total
556
19 350
-
-
Dividends
62
2 150
-
-
withholding
12
408
-
-
total
12
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 423
19 758
10 146
6 731
After tax
11 077
1 742
11 354
14 769
Living cost
11 028
11 028
11 028
11 028
Free-cash
49
-9 286
326
3 741

Estimated living cost  is ₴11028 per week

₴8027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4950
-₴10798
-₴2542
-₴6271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
3 850
national
-
-
-
248
health
-
-
-
116
total
-
-
-
4 214
Employee
27 171
-
18 087
-
national
449
-
-
-
pensions
1 834
-
1 221
-
unemployment
408
-
271
-
municipal
4 450
-
2 975
-
health
203
-
63
-
total
7 344
-
4 530
-
Employer
27 171
-
18 087
-
health
209
-
139
-
pensions
4 714
-
3 138
-
accident
27
-
18
-
unemployment
176
-
118
-
total
5 126
-
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
-
-
municipal
-
2 322
-
-
national
-
-
-
-
total
-
2 322
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 470
6 622
7 943
4 214
After tax
9 030
14 878
13 557
17 286
Living cost
19 828
19 828
19 828
19 828
Free-cash
-10 798
-4 950
-6 271
-2 542

Estimated living cost  is ₴19828 per week

₴12951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2135
₴1144
₴5641
₴1328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
548
social contributions
-
-
-
3 354
total
-
-
-
3 902
Employee
39 712
39 712
39 712
-
social contributions
1 501
3 296
1 620
-
income
4 324
3 676
4 282
-
health
308
675
332
-
total
6 133
7 647
6 234
-
Employer
39 712
39 712
39 712
-
social contributions
1 501
3 296
1 620
-
health
334
735
361
-
total
1 835
4 031
1 981
-
Corporate
1 574
-
-
-
income
197
-
-
-
total
197
-
-
-
Dividends
1 377
-
-
-
withholding
234
-
-
-
total
234
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 399
11 678
8 215
3 902
After tax
13 101
9 822
13 285
17 598
Living cost
11 957
11 957
11 957
11 957
Free-cash
1 144
-2 135
1 328
5 641

Estimated living cost  is ₴11957 per week

₴7166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
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.
₴3354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9604
₴6975
₴6517
₴5168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
income
-
-
-
1 614
health
-
-
-
1 869
pensions
-
-
-
3 285
total
-
-
-
6 783
Employee

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

11 854
-
19 493
-
pensions
1 778
-
2 924
-
unemployment
59
-
97
-
income
811
-
1 447
-
health
1 007
-
1 657
-
total
3 655
-
6 125
-
Employer

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

11 854
-
19 493
-
health
510
-
838
-
pensions
652
-
1 072
-
unemployment
59
-
97
-
total
1 221
-
2 007
-
Corporate
8 426
21 500
-
-
income
759
1 935
-
-
total
759
1 935
-
-
Dividends
7 667
19 565
-
-
withholding
690
1 761
-
-
total
690
1 761
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 325
3 696
8 132
6 783
After tax
15 175
17 804
13 368
14 717
Living cost
8 200
8 200
8 200
8 200
Free-cash
6 975
9 604
5 168
6 517

Estimated living cost  is ₴8200 per week

₴5232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴353
-₴3685
-₴2154
-₴2264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
151
accident
-
-
-
193
income
-
-
-
3 002
pensions
-
-
-
6 084
other
-
-
-
22
total
-
-
-
9 452
Employee
19 096
-
16 002
-
pensions
898
-
811
-
unemployment
296
-
268
-
income
3 682
-
2 967
-
other
19
-
18
-
total
4 895
-
4 064
-
Employer
19 096
-
16 002
-
pensions
4 506
-
4 070
-
accident
378
-
341
-
other
153
-
138
-
unemployment
1 051
-
949
-
total
6 088
-
5 498
-
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
-
3 720
-
-
total
-
3 720
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 983
6 945
9 562
9 452
After tax
10 517
14 555
11 938
12 048
Living cost
14 202
14 202
14 202
14 202
Free-cash
-3 685
353
-2 264
-2 154

Estimated living cost  is ₴14202 per week

₴9586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12536
₴12391
₴12578
₴12515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 934
health
-
-
-
466
pensions
-
-
-
642
total
-
-
-
8 042
Employee
1 341
-
20 778
-
pensions
121
-
289
-
unemployment
13
-
32
-
income
259
-
6 901
-
health
67
-
161
-
total
460
-
7 383
-
Employer
1 341
-
20 778
-
health
127
-
305
-
pensions
148
-
353
-
unemployment
27
-
64
-
total
302
-
722
-
Corporate
19 857
21 500
-
-
income
4 369
4 730
-
-
total
4 369
4 730
-
-
Dividends
15 489
16 770
-
-
withholding
3 098
3 354
-
-
total
3 098
3 354
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 229
8 084
8 105
8 042
After tax
13 271
13 416
13 395
13 458
Living cost
880
880
880
880
Free-cash
12 391
12 536
12 515
12 578

Estimated living cost  is ₴880 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6602
₴4059
₴1938
₴2864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
323
income
-
-
-
2 503
health
-
-
-
2 214
pensions
-
-
-
5 590
total
-
-
-
10 630
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.

13 469
-
18 236
-
pensions
1 886
-
2 553
-
unemployment
101
-
137
-
income
1 857
-
2 811
-
health
694
-
939
-
total
4 538
-
6 440
-
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.

13 469
-
18 236
-
health
694
-
939
-
pensions
1 616
-
2 188
-
unemployment
101
-
137
-
total
2 411
-
3 264
-
Corporate
5 620
21 500
-
-
income
843
3 225
-
-
total
843
3 225
-
-
Dividends
4 777
18 275
-
-
withholding
717
2 741
-
-
total
717
2 741
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 509
5 966
9 704
10 630
After tax
12 991
15 534
11 796
10 870
Living cost
8 932
8 932
8 932
8 932
Free-cash
4 059
6 602
2 864
1 938

Estimated living cost  is ₴8932 per week

₴6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1694
-₴3305
-₴1294
-₴1699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 400
surtax
-
-
-
-
social contributions

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

-
-
-
7 471
total
-
-
-
8 871
Employee
20 045
-
17 374
-
social contributions
2 205
-
1 911
-
income
3 917
-
3 239
-
surtax
-
-
-
-
total
6 122
-
5 150
-
Employer
20 045
-
17 374
-
social contributions
4 760
-
4 126
-
total
4 760
-
4 126
-
Corporate
-
21 500
-
-
income
-
4 515
-
-
surtax
-
-
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
4 756
-
-
total
-
4 756
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 882
9 271
9 276
8 871
After tax
10 618
12 229
12 224
12 629
Living cost
13 923
13 923
13 923
13 923
Free-cash
-3 305
-1 694
-1 699
-1 294

Estimated living cost  is ₴13923 per week

₴9861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴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 Porto model

Close
Madrid , Spain
-₴3595
-₴11394
-₴6102
-₴6212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
151
accident
-
-
-
193
income
-
-
-
3 002
pensions
-
-
-
6 084
other
-
-
-
22
total
-
-
-
9 452
Employee
24 942
-
16 002
-
pensions
1 172
-
811
-
unemployment
386
-
268
-
income
5 209
-
2 967
-
other
25
-
18
-
total
6 792
-
4 064
-
Employer
24 942
-
16 002
-
pensions
5 886
-
4 070
-
accident
494
-
341
-
other
200
-
138
-
unemployment
1 372
-
949
-
total
7 952
-
5 498
-
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
-
3 720
-
-
total
-
3 720
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 744
6 945
9 562
9 452
After tax
6 756
14 555
11 938
12 048
Living cost
18 150
18 150
18 150
18 150
Free-cash
-11 394
-3 595
-6 212
-6 102

Estimated living cost  is ₴18150 per week

₴13035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9321
₴6112
₴4301
₴4512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
income
-
-
-
3 225
health
-
-
-
2 116
pensions

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

-
-
-
2 723
total
-
-
-
8 138
Employee
11 999
-
17 973
-
pensions

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

1 053
-
1 578
-
income
1 200
-
1 798
-
health
552
-
826
-
accident

We are using the highest rate at 1.1%.

132
-
198
-
total
2 937
-
4 400
-
Employer
11 999
-
17 973
-
health
828
-
1 240
-
pensions

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

1 322
-
1 981
-
accident

We are using the highest rate at 1.1%.

132
-
198
-
unemployment
72
-
108
-
total
2 354
-
3 527
-
Corporate
7 147
21 500
-
-
income
715
2 150
-
-
total
715
2 150
-
-
Dividends
6 433
19 350
-
-
withholding
321
968
-
-
total
321
968
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 327
3 118
7 927
8 138
After tax
15 173
18 382
13 573
13 362
Living cost
9 061
9 061
9 061
9 061
Free-cash
6 112
9 321
4 512
4 301

Estimated living cost  is ₴9061 per week

₴5993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8759
-₴4197
-₴3017
-₴3017
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
income

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

-
-
-
995
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.

-
-
-
3 528
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.

-
-
-
55
total
-
-
-
4 578
Employee

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

25 697
-
21 500
-
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.

2 113
-
995
-
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.

117
-
55
-
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.

3 528
-
3 528
-
total
5 758
-
4 578
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
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
-
-
chamber of commerce
-
110
-
-
total
-
6 597
-
-
Dividends
-
14 902
-
-
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
-
3 529
-
-
total
-
3 723
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 758
10 320
4 578
4 578
After tax
15 742
11 180
16 922
16 922
Living cost
19 939
19 939
19 939
19 939
Free-cash
-4 197
-8 759
-3 017
-3 017

Estimated living cost  is ₴19939 per week

₴13754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14368
-₴18898
-₴11877
-₴11877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 682
social contributions
-
-
-
1 276
total
-
-
-
3 958
Employee
40 398
-
21 500
-
social contributions
3 356
-
1 276
-
income
7 623
-
2 682
-
total
10 979
-
3 958
-
Employer
40 398
-
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
10 979
6 449
3 958
3 958
After tax
10 521
15 051
17 542
17 542
Living cost
29 419
29 419
29 419
29 419
Free-cash
-18 898
-14 368
-11 877
-11 877

Estimated living cost  is ₴29419 per week

₴22382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6868
-₴6108
-₴15185
-₴2800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 701
health

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

-
-
-
3 237
total
-
-
-
17 938
Employee
23 692
-
19 542
-
social contributions
2 374
-
1 958
-
income
2 571
-
1 637
-
total
4 945
-
3 595
-
Employer
23 692
-
19 542
-
social contributions
2 374
-
1 958
-
total
2 374
-
1 958
-
Corporate
-
21 500
-
-
income
-
7 525
-
-
total
-
7 525
-
-
Dividends
-
13 975
-
-
social contributions
1 542
2 096
-
-
total
1 542
2 096
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 861
9 621
5 553
17 938
After tax
12 639
11 879
15 947
3 562
Living cost
18 747
18 747
18 747
18 747
Free-cash
-6 108
-6 868
-2 800
-15 185

Estimated living cost  is ₴18747 per week

₴12349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3123
-₴8067
-₴2889
-₴4795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 086
pensions
-
-
-
1 071
total
-
-
-
5 157
Employee
26 399
-
19 426
-
pensions
2 015
-
1 178
-
income
4 807
-
3 609
-
health
344
-
202
-
total
7 166
-
4 989
-
Employer
26 399
-
19 426
-
health
502
-
369
-
pensions
2 667
-
1 705
-
total
3 169
-
2 074
-
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
10 335
5 391
7 063
5 157
After tax
11 165
16 109
14 437
16 343
Living cost
19 232
19 232
19 232
19 232
Free-cash
-8 067
-3 123
-4 795
-2 889

Estimated living cost  is ₴19232 per week

₴13193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
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.
₴4029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10377
-₴1449
₴2650
-₴765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
128
income
-
-
-
3 187
health
-
-
-
1 110
pensions
-
-
-
2 117
other
-
-
-
189
total
-
-
-
6 731
Employee
19 064
-
17 860
-
pensions
2 147
-
2 011
-
income
2 615
-
2 450
-
health
2 183
-
2 045
-
total
6 945
-
6 506
-
Employer
19 064
-
17 860
-
pensions
3 100
-
2 904
-
accident
318
-
298
-
unemployment
467
-
438
-
total
3 885
-
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
10 830
19 758
10 146
6 731
After tax
10 670
1 742
11 354
14 769
Living cost
12 119
12 119
12 119
12 119
Free-cash
-1 449
-10 377
-765
2 650

Estimated living cost  is ₴12119 per week

₴8894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
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.
₴2275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11292
₴8778
₴6112
₴6112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
258
health insurance
-
-
-
1 591
income
-
-
-
2 493
work injury
-
-
-
107
pensions
-
-
-
3 956
total
-
-
-
8 405
Employee

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

11 172
-
21 500
-
work injury
56
-
107
-
pensions
2 056
-
3 956
-
unemployment
134
-
258
-
income
1 117
-
2 493
-
health insurance
827
-
1 591
-
total
4 190
-
8 405
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 328
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
10 328
21 500
-
-
withholding
1 549
3 225
-
-
total
1 549
3 225
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 739
3 225
8 405
8 405
After tax
15 761
18 275
13 095
13 095
Living cost
6 983
6 983
6 983
6 983
Free-cash
8 778
11 292
6 112
6 112

Estimated living cost  is ₴6983 per week

₴4326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴507
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.
₴1932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9249
-₴22019
-₴8760
-₴9975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
144
national
-
-
-
3 724
regional
-
-
-
289
social contributions
-
-
-
5 529
total
-
-
-
9 686
Employee
43 519
-
21 500
-
national
7 354
-
3 277
-
social contributions
14 674
-
7 249
-
municipal
260
-
128
-
regional
657
-
247
-
total
22 945
-
10 901
-
Employer
43 519
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
municipal
-
1 036
-
-
nationa
-
5 160
-
-
total
-
6 196
-
-
Dividends
-
15 304
-
-
withholding
-
3 979
-
-
total
-
3 979
-
-
Income
21 500
21 500
21 500
21 500
Total tax
22 945
10 175
10 901
9 686
After tax
-1 445
11 325
10 599
11 814
Living cost
20 574
20 574
20 574
20 574
Free-cash
-22 019
-9 249
-9 975
-8 760

Estimated living cost  is ₴20574 per week

₴14452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
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.
₴4396
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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