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
₴1416
₴1850
-₴4068
₴1850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
health

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

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

-
-
-
3 388
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.

-
-
-
1 176
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.

-
-
-
65
total
-
-
-
4 629
Employee

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

18 968
-
21 500
-
health

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

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

3 388
-
3 388
-
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.

530
-
1 176
-
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.

29
-
65
-
total
3 947
-
4 629
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 532
21 500
-
-
income
380
3 225
-
-
chamber of commerce
79
106
-
-
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.

21
177
-
-
trade
399
3 386
-
-
total
879
6 894
-
-
Dividends
1 653
14 606
-
-
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.

12
190
-
-
withholding
225
3 463
-
-
total
237
3 653
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 063
10 547
4 629
4 629
After tax
16 437
10 953
16 871
16 871
Living cost
15 021
15 021
15 021
15 021
Free-cash
1 416
-4 068
1 850
1 850

Estimated living cost  is ₴15021 per week

₴9449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1751
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3540
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22851
-₴12119
-₴12814
-₴12288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
231
municipal
-
-
-
1 862
pensions
-
-
-
2 580
national
-
-
-
2 885
total
-
-
-
7 558
Employee
40 662
-
18 587
-
pensions
1 626
-
743
-
municipal
5 022
-
1 945
-
national
7 783
-
3 014
-
total
14 431
-
5 702
-
Employer
40 662
-
18 587
-
pensions
3 253
-
1 487
-
social contributions
437
-
200
-
total
3 690
-
1 687
-
Corporate
-
21 500
-
-
income

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

-
4 300
-
-
total
-
4 300
-
-
Dividends
-
17 200
-
-
withholding
-
3 784
-
-
total
-
3 784
-
-
Income
21 500
21 500
21 500
21 500
Total tax
18 121
8 084
7 389
7 558
After tax
3 379
13 416
14 111
13 942
Living cost
26 230
26 230
26 230
26 230
Free-cash
-22 851
-12 814
-12 119
-12 288

Estimated living cost  is ₴26230 per week

₴17829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2814
₴2019
₴6883
₴6397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
21 500
social contributions

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

-
-
-
1 561
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
3 225
total
-
-
-
4 786
Employee
14 491
-
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.

1 594
-
1 906
-
income
2 580
-
3 084
-
surtax
-
-
-
-
total
4 174
-
4 990
-
Employer
14 491
-
17 326
-
surtax
-
-
-
-
social contributions

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

3 491
-
4 174
-
total
3 491
-
4 174
-
Corporate
3 519
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%.

704
4 300
-
-
total
704
4 300
-
-
Dividends

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

2 815
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 369
4 300
9 164
4 786
After tax
13 131
17 200
12 336
16 714
Living cost
10 317
10 317
10 317
10 317
Free-cash
2 814
6 883
2 019
6 397

Estimated living cost  is ₴10317 per week

₴6582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴983
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.
₴2518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27747
-₴27747
-₴24963
-₴8413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
3 300
income
-
-
-
1 968
pensions
-
-
-
3 870
total
-
-
-
9 138
Employee
42 349
42 349
42 349
-
pensions
7 623
5 810
7 623
-
health
6 500
5 529
6 500
-
income

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

6 932
6 932
6 932
-
total
21 055
18 271
21 055
-
Employer
42 349
42 349
42 349
-
pensions
2 948
2 948
2 948
-
health
2 944
2 944
2 944
-
unemployment
1 525
1 525
1 525
-
total
7 417
7 417
7 417
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
28 472
25 688
28 472
9 138
After tax
-6 972
-4 188
-6 972
12 362
Living cost
20 775
20 775
20 775
20 775
Free-cash
-27 747
-24 963
-27 747
-8 413

Estimated living cost  is ₴20775 per week

₴14723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16857
-₴9001
-₴8744
-₴9766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
43
health
-
-
-
1 342
municipal
-
-
-
4 554
pensions
-
-
-
2 324
other
-
-
-
2 498
unemployment
-
-
-
22
national
-
-
-
-
total
-
-
-
10 783
Employee
29 187
-
16 360
-
municipal
8 703
-
4 878
-
national
-
-
-
-
total
8 703
-
4 878
-
Employer
29 187
-
16 360
-
pensions
3 155
-
1 768
-
other
3 392
-
1 901
-
health
1 795
-
1 006
-
unemployment
771
-
432
-
accident
58
-
33
-
total
9 171
-
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
17 874
9 761
10 018
10 783
After tax
3 626
11 739
11 482
10 717
Living cost
20 483
20 483
20 483
20 483
Free-cash
-16 857
-8 744
-9 001
-9 766

Estimated living cost  is ₴20483 per week

₴13575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2010
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3650
-₴2611
-₴8640
-₴2611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
health

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

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

-
-
-
3 388
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.

-
-
-
1 176
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.

-
-
-
65
total
-
-
-
4 629
Employee

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

25 149
-
21 500
-
health

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

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

3 388
-
3 388
-
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.

2 161
-
1 176
-
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.

119
-
65
-
total
5 668
-
4 629
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
chamber of commerce
-
105
-
-
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
-
-
total
-
7 044
-
-
Dividends
-
14 456
-
-
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
-
3 426
-
-
total
-
3 614
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 668
10 658
4 629
4 629
After tax
15 832
10 842
16 871
16 871
Living cost
19 482
19 482
19 482
19 482
Free-cash
-3 650
-8 640
-2 611
-2 611

Estimated living cost  is ₴19482 per week

₴13029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3087
-₴2606
-₴5799
₴1512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
3 354
health
-
-
-
549
income
-
-
-
-
total
-
-
-
3 903
Employee
38 134
38 134
38 134
-
health
379
648
332
-
social contributions
1 853
3 165
1 620
-
income
4 004
3 530
4 088
-
total
6 236
7 343
6 040
-
Employer
38 134
38 134
38 134
-
health
413
706
361
-
social contributions
1 853
3 165
1 620
-
total
2 266
3 871
1 981
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 502
11 214
8 021
3 903
After tax
12 998
10 286
13 479
17 597
Living cost
16 085
16 085
16 085
16 085
Free-cash
-3 087
-5 799
-2 606
1 512

Estimated living cost  is ₴16085 per week

₴10996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
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.
₴3563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴3268
₴3325
₴3078
₴5754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

13 193
5 251
17 992
-
unemployment
198
79
270
-
pensions
1 319
525
1 799
-
health
924
368
1 259
-
income
1 613
642
2 199
-
total
4 054
1 614
5 527
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

13 193
5 251
17 992
-
pensions
2 573
1 024
3 508
-
total
2 573
1 024
3 508
-
Corporate
5 734
15 225
-
-
income
516
1 370
-
-
total
516
1 370
-
-
Dividends
5 218
13 855
-
-
social contributions
958
2 642
-
-
withholding
991
2 632
-
-
total
1 949
5 274
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 092
9 282
9 035
6 606
After tax
12 408
12 218
12 465
14 894
Living cost
9 140
9 140
9 140
9 140
Free-cash
3 268
3 078
3 325
5 754

Estimated living cost  is ₴9140 per week

₴6237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴748
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.
₴1972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2141
₴1328
₴5222
₴581
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
2 795
income
-
-
-
1 846
pensions
-
-
-
4 300
total
-
-
-
8 941
Employee
14 068
-
16 068
-
unemployment
225
-
257
-
pensions
281
-
321
-
income
1 584
-
2 184
-
total
2 090
-
2 762
-
Employer
14 068
-
16 068
-
pensions
2 814
-
3 214
-
health
1 829
-
2 089
-
unemployment
113
-
129
-
total
4 756
-
5 432
-
Corporate
2 676
21 500
-
-
income
535
4 300
-
-
total
535
4 300
-
-
Dividends
2 141
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 381
4 300
8 194
8 941
After tax
14 119
17 200
13 306
12 559
Living cost
11 978
11 978
11 978
11 978
Free-cash
2 141
5 222
1 328
581

Estimated living cost  is ₴11978 per week

₴8216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
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.
₴2808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43
₴277
-₴9335
₴3722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
health
-
-
-
1 098
income
-
-
-
3 194
pensions
-
-
-
2 095
other
-
-
-
187
total
-
-
-
6 701
Employee
17 424
-
17 860
-
pensions
1 962
-
2 011
-
health
1 995
-
2 045
-
income
2 390
-
2 450
-
total
6 347
-
6 506
-
Employer
17 424
-
17 860
-
pensions
2 833
-
2 904
-
unemployment
427
-
438
-
accident
291
-
298
-
total
3 551
-
3 640
-
Corporate
525
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.

472
19 350
-
-
total
472
19 350
-
-
Dividends
52
2 150
-
-
withholding
10
408
-
-
total
10
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 380
19 758
10 146
6 701
After tax
11 120
1 742
11 354
14 799
Living cost
11 077
11 077
11 077
11 077
Free-cash
43
-9 335
277
3 722

Estimated living cost  is ₴11077 per week

₴8118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴15621
₴13154
₴16379
₴17239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 057
-
21 500
-
income
1 011
-
4 300
-
total
1 011
-
4 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

16 443
21 500
-
-
total
-
-
-
-
Dividends
16 443
21 500
-
-
withholding
822
1 075
-
-
total
822
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
1 833
1 075
4 300
215
After tax
19 667
20 425
17 200
21 285
Living cost
4 046
4 046
4 046
4 046
Free-cash
15 621
16 379
13 154
17 239

Estimated living cost  is ₴4046 per week

₴2507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1044
-₴609
₴2582
-₴1572
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
946
income
-
-
-
2 731
pensions

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

-
-
-
5 160
other
-
-
-
1 021
total
-
-
-
9 858
Employee
18 006
-
17 173
-
unemployment
180
-
171
-
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.

1 260
-
1 202
-
health
252
-
240
-
income
3 100
-
2 956
-
total
4 792
-
4 569
-
Employer
18 006
-
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.

3 061
-
2 919
-
other
901
-
859
-
health
252
-
240
-
unemployment
180
-
171
-
accident
144
-
137
-
total
4 538
-
4 326
-
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
9 330
5 704
8 895
9 858
After tax
12 170
15 796
12 605
11 642
Living cost
13 214
13 214
13 214
13 214
Free-cash
-1 044
2 582
-609
-1 572

Estimated living cost  is ₴13214 per week

₴9337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30674
-₴18099
-₴16322
-₴16132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 075
pensions
-
-
-
1 126
total
-
-
-
5 201
Employee
45 886
-
19 373
-
pensions
4 427
-
1 245
-
health
756
-
213
-
income
8 271
-
3 583
-
total
13 454
-
5 041
-
Employer
45 886
-
19 373
-
pensions
5 418
-
1 759
-
health
871
-
368
-
total
6 289
-
2 127
-
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
19 743
5 391
7 168
5 201
After tax
1 757
16 109
14 332
16 299
Living cost
32 431
32 431
32 431
32 431
Free-cash
-30 674
-16 322
-18 099
-16 132

Estimated living cost  is ₴32431 per week

₴24301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9574
₴7276
₴11879
₴7144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 993
income
-
-
-
3 225
pensions

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

-
-
-
2 565
unemployment
-
-
-
69
total
-
-
-
7 852
Employee
8 612
-
18 100
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

756
-
1 522
-
health
396
-
797
-
income
861
-
1 810
-
total
2 108
-
4 320
-
Employer
8 612
-
18 100
-
pensions

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

949
-
1 909
-
health
594
-
1 196
-
unemployment
52
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
total
1 690
-
3 400
-
Corporate
11 198
21 500
-
-
income
1 120
2 150
-
-
total
1 120
2 150
-
-
Dividends
10 078
19 350
-
-
withholding
504
967
-
-
total
504
967
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 422
3 117
7 720
7 852
After tax
16 078
18 383
13 780
13 648
Living cost
6 504
6 504
6 504
6 504
Free-cash
9 574
11 879
7 276
7 144

Estimated living cost  is ₴6504 per week

₴3797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32527
-₴34471
-₴31687
-₴15137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
3 300
income
-
-
-
1 968
pensions
-
-
-
3 870
total
-
-
-
9 138
Employee
45 978
42 349
42 349
-
pensions
5 810
5 810
7 623
-
health
5 736
5 529
6 500
-
income

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

6 932
6 932
6 932
-
total
18 478
18 271
21 055
-
Employer
45 978
42 349
42 349
-
pensions
3 200
2 948
2 948
-
health
3 195
2 944
2 944
-
unemployment
1 655
1 525
1 525
-
total
8 050
7 417
7 417
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
26 528
25 688
28 472
9 138
After tax
-5 028
-4 188
-6 972
12 362
Living cost
27 499
27 499
27 499
27 499
Free-cash
-32 527
-31 687
-34 471
-15 137

Estimated living cost  is ₴27499 per week

₴20285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2456
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4443
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2766
-₴1403
₴2489
-₴1843
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
6 278
health
-
-
-
2 903
income
-
-
-
1 848
solidarity contribution
-
-
-
-
total
-
-
-
11 029
Employee
18 108
-
16 045
-
solidarity contribution
-
-
-
-
health
2 445
-
2 166
-
social contributions
1 177
-
1 043
-
income
2 173
-
1 925
-
total
5 795
-
5 134
-
Employer
18 108
-
16 045
-
health
1 630
-
1 444
-
social contributions
4 527
-
4 011
-
total
6 157
-
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
11 952
6 697
10 589
11 029
After tax
9 548
14 803
10 911
10 471
Living cost
12 314
12 314
12 314
12 314
Free-cash
-2 766
2 489
-1 403
-1 843

Estimated living cost  is ₴12314 per week

₴8553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2642
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22574
-₴10249
-₴9456
-₴9034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
5 530
municipal
-
-
-
128
regional
-
-
-
203
national
-
-
-
3 747
total
-
-
-
9 608
Employee
44 074
-
21 500
-
regional
416
-
176
-
municipal
233
-
114
-
national
7 637
-
3 283
-
social contributions
14 862
-
7 250
-
total
23 148
-
10 823
-
Employer
44 074
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
municipal
-
839
-
-
nationa
-
5 160
-
-
total
-
5 999
-
-
Dividends
-
15 501
-
-
withholding
-
4 031
-
-
total
-
4 031
-
-
Income
21 500
21 500
21 500
21 500
Total tax
23 148
10 030
10 823
9 608
After tax
-1 648
11 470
10 677
11 892
Living cost
20 926
20 926
20 926
20 926
Free-cash
-22 574
-9 456
-10 249
-9 034

Estimated living cost  is ₴20926 per week

₴14587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1037
₴886
₴2580
₴1412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 526
income
-
-
-
3 112
surtax
-
-
-
94
pensions
-
-
-
4 300
other
-
-
-
-
unemployment
-
-
-
113
total
-
-
-
9 145
Employee
16 400
-
17 761
-
unemployment
1 142
-
1 237
-
pensions
1 094
-
1 185
-
health
419
-
453
-
income
2 749
-
2 978
-
other
-
-
-
-
surtax
54
-
79
-
total
5 458
-
5 932
-
Employer
16 400
-
17 761
-
pensions
2 186
-
2 368
-
other
-
-
-
-
health
746
-
808
-
unemployment
519
-
563
-
total
3 451
-
3 739
-
Corporate
1 648
21 500
-
-
income
428
5 590
-
-
total
428
5 590
-
-
Dividends
1 220
15 910
-
-
withholding
183
2 387
-
-
total
183
2 387
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 520
7 977
9 671
9 145
After tax
11 980
13 523
11 829
12 355
Living cost
10 943
10 943
10 943
10 943
Free-cash
1 037
2 580
886
1 412

Estimated living cost  is ₴10943 per week

₴6691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1010
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.
₴2990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13163
-₴7824
-₴6047
-₴5857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 075
pensions
-
-
-
1 126
total
-
-
-
5 201
Employee
30 751
-
19 373
-
pensions
2 610
-
1 245
-
health
446
-
213
-
income
5 538
-
3 583
-
total
8 594
-
5 041
-
Employer
30 751
-
19 373
-
pensions
3 329
-
1 759
-
health
584
-
368
-
total
3 913
-
2 127
-
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
12 507
5 391
7 168
5 201
After tax
8 993
16 109
14 332
16 299
Living cost
22 156
22 156
22 156
22 156
Free-cash
-13 163
-6 047
-7 824
-5 857

Estimated living cost  is ₴22156 per week

₴16599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3664
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴29083
-₴22538
-₴29634
-₴21104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
129
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
regional
-
-
-
344
city
-
-
-
226
national
-
-
-
32
total
-
-
-
3 139
Employee
46 185
-
19 056
-
unemployment
-
-
-
-
pensions
3 880
-
1 810
-
regional
1 512
-
266
-
national
219
-
17
-
health
104
-
43
-
city
496
-
203
-
total
6 211
-
2 339
-
Employer
46 185
-
19 056
-
pensions
3 880
-
1 810
-
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.

923
-
381
-
health
104
-
43
-
unemployment
-
-
-
-
total
4 907
-
2 234
-
Corporate
-
21 500
-
-
regional
-
4 547
-
-
national
-
1 828
-
-
total
-
6 375
-
-
Dividends
-
15 125
-
-
withholding
-
5 294
-
-
total
-
5 294
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 118
11 669
4 573
3 139
After tax
10 382
9 831
16 927
18 361
Living cost
39 465
39 465
39 465
39 465
Free-cash
-29 083
-29 634
-22 538
-21 104

Estimated living cost  is ₴39465 per week

₴25664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3542
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8304
-₴5847
-₴11986
-₴5847
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
health

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

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

-
-
-
3 388
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.

-
-
-
1 176
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.

-
-
-
65
total
-
-
-
4 629
Employee

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

29 804
-
21 500
-
health

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

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

3 388
-
3 388
-
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.

3 505
-
1 176
-
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.

193
-
65
-
total
7 086
-
4 629
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
chamber of commerce
-
105
-
-
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
-
-
total
-
7 194
-
-
Dividends
-
14 305
-
-
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
-
3 388
-
-
total
-
3 574
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 086
10 768
4 629
4 629
After tax
14 414
10 732
16 871
16 871
Living cost
22 718
22 718
22 718
22 718
Free-cash
-8 304
-11 986
-5 847
-5 847

Estimated living cost  is ₴22718 per week

₴16592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1817
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6353
-₴3571
-₴6130
-₴3925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
613
health
-
-
-
186
income
-
-
-
614
surtax
-
-
-
-
pensions
-
-
-
6 379
other
-
-
-
666
total
-
-
-
8 458
Employee
21 225
-
16 383
-
pensions
2 400
-
1 853
-
social contributions
605
-
467
-
income
1 253
-
667
-
surtax
-
-
-
-
total
4 258
-
2 987
-
Employer
21 225
-
16 383
-
pensions
3 487
-
2 692
-
other
732
-
566
-
health
1 486
-
1 147
-
unemployment
859
-
663
-
social contributions
64
-
49
-
total
6 628
-
5 117
-
Corporate
-
21 500
-
-
income
-
6 020
-
-
surtax
-
-
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
surtax
-
-
-
-
social contributions
-
2 662
-
-
withholding
-
1 981
-
-
total
-
4 643
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 886
10 663
8 104
8 458
After tax
10 614
10 837
13 396
13 042
Living cost
16 967
16 967
16 967
16 967
Free-cash
-6 353
-6 130
-3 571
-3 925

Estimated living cost  is ₴16967 per week

₴10698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1380
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.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3362
-₴1890
-₴4449
-₴2244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
613
health
-
-
-
186
income
-
-
-
614
surtax
-
-
-
-
pensions
-
-
-
6 379
other
-
-
-
666
total
-
-
-
8 458
Employee
18 946
-
16 383
-
pensions
2 143
-
1 853
-
social contributions
540
-
467
-
income
977
-
667
-
surtax
-
-
-
-
total
3 660
-
2 987
-
Employer
18 946
-
16 383
-
pensions
3 113
-
2 692
-
other
654
-
566
-
health
1 326
-
1 147
-
unemployment
767
-
663
-
social contributions
56
-
49
-
total
5 916
-
5 117
-
Corporate
-
21 500
-
-
income
-
6 020
-
-
surtax
-
-
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
surtax
-
-
-
-
social contributions
-
2 662
-
-
withholding
-
1 981
-
-
total
-
4 643
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 576
10 663
8 104
8 458
After tax
11 924
10 837
13 396
13 042
Living cost
15 286
15 286
15 286
15 286
Free-cash
-3 362
-4 449
-1 890
-2 244

Estimated living cost  is ₴15286 per week

₴8865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2481
₴2634
₴2600
₴3291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
2 967
health
-
-
-
1 501
income
-
-
-
3 225
total
-
-
-
7 693
Employee
16 815
-
21 500
-
health
1 174
-
1 501
-
social contributions
2 321
-
2 967
-
income
2 804
-
3 882
-
total
6 299
-
8 350
-
Employer
16 815
-
21 500
-
total
-
-
-
-
Corporate
4 685
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%.

234
1 075
-
-
total
234
1 075
-
-
Dividends
4 451
20 425
-
-
health
438
1 426
-
-
social contributions
865
2 819
-
-
withholding
667
3 064
-
-
total
1 970
7 309
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 503
8 384
8 350
7 693
After tax
12 997
13 116
13 150
13 807
Living cost
10 516
10 516
10 516
10 516
Free-cash
2 481
2 600
2 634
3 291

Estimated living cost  is ₴10516 per week

₴7038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-₴10982
-₴9266
-₴7268
-₴5443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 645
surtax
-
-
-
98
income
-
-
-
621
chamber of commerce
-
-
-
86
pensions
-
-
-
3 977
unemployment
-
-
-
3 042
total
-
-
-
9 469
Employee
24 784
19 763
19 763
-
unemployment
743
593
493
-
pensions
2 538
2 023
1 683
-
health
959
765
636
-
income
2 821
1 458
1 608
-
other
248
198
165
-
total
7 309
5 037
4 585
-
Employer
24 784
19 763
19 763
-
chamber of commerce
99
79
79
-
pensions
3 110
2 481
2 062
-
other
1 177
938
910
-
health
936
747
621
-
unemployment
743
593
493
-
accident
322
257
214
-
surtax
98
98
98
-
payroll
743
593
593
-
total
7 228
5 786
5 070
-
Corporate
1 882
1 882
14 548
-
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.

471
471
3 637
-
total
471
471
3 637
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 008
11 294
13 292
9 469
After tax
6 492
10 206
8 208
12 031
Living cost
17 474
17 474
17 474
17 474
Free-cash
-10 982
-7 268
-9 266
-5 443

Estimated living cost  is ₴17474 per week

₴11655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1491
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.
₴4042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24299
-₴8395
-₴5922
-₴5593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
1 837
communal

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

-
-
-
1 180
national
-
-
-
5 994
total
-
-
-
9 011
Employee

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

35 473
-
16 653
-
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.

309
-
145
-
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.

2 660
-
1 249
-
national
10 906
-
3 920
-
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.

1 667
-
783
-
communal

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

1 850
-
869
-
total
17 392
-
6 966
-
Employer

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

35 473
-
16 653
-
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.

3 143
-
1 476
-
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.

2 181
-
1 024
-
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.

518
-
243
-
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.

461
-
216
-
surtax
4 022
-
1 888
-
total
10 325
-
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.

-
4 954
-
-
total
-
4 954
-
-
Income
21 500
21 500
21 500
21 500
Total tax
27 717
9 340
11 813
9 011
After tax
-6 217
12 160
9 687
12 489
Living cost
18 082
18 082
18 082
18 082
Free-cash
-24 299
-5 922
-8 395
-5 593

Estimated living cost  is ₴18082 per week

₴11647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1581
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11053
-₴5796
-₴3360
-₴5887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
194
income
-
-
-
3 026
pensions
-
-
-
6 084
other
-
-
-
22
unemployment
-
-
-
151
total
-
-
-
9 477
Employee
24 686
-
16 220
-
unemployment
383
-
257
-
pensions
1 160
-
778
-
income
5 208
-
3 054
-
other
24
-
17
-
total
6 775
-
4 106
-
Employer
24 686
-
16 220
-
pensions
5 825
-
3 908
-
other
197
-
133
-
unemployment
1 358
-
911
-
accident
488
-
328
-
total
7 868
-
5 280
-
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
-
3 725
-
-
total
-
3 725
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 643
6 950
9 386
9 477
After tax
6 857
14 550
12 114
12 023
Living cost
17 910
17 910
17 910
17 910
Free-cash
-11 053
-3 360
-5 796
-5 887

Estimated living cost  is ₴17910 per week

₴13189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1270
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.
₴3192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20541
-₴12772
-₴13423
-₴12771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
213
health
-
-
-
1 769
income
-
-
-
461
surtax
-
-
-
1 102
pensions
-
-
-
3 776
communal
-
-
-
-
total
-
-
-
7 321
Employee
37 555
-
18 680
-
pensions
3 004
-
1 888
-
health
1 671
-
1 050
-
income
3 627
-
461
-
surtax
2 302
-
1 102
-
total
10 604
-
4 501
-
Employer
37 555
-
18 680
-
pensions
3 004
-
1 888
-
health
1 145
-
720
-
accident
338
-
213
-
total
4 487
-
2 821
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
communal
-
1 451
-
-
surtax
-
226
-
-
total
-
4 902
-
-
Dividends
-
16 598
-
-
income
-
581
-
-
withholding
-
2 490
-
-
total
-
3 071
-
-
Income
21 500
21 500
21 500
21 500
Total tax
15 091
7 973
7 322
7 321
After tax
6 409
13 527
14 178
14 179
Living cost
26 950
26 950
26 950
26 950
Free-cash
-20 541
-13 423
-12 772
-12 771

Estimated living cost  is ₴26950 per week

₴20217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴808
₴690
₴2384
₴1216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 526
income
-
-
-
3 112
surtax
-
-
-
94
pensions
-
-
-
4 300
other
-
-
-
-
unemployment
-
-
-
113
total
-
-
-
9 145
Employee
16 701
-
17 761
-
unemployment
1 162
-
1 237
-
pensions
1 114
-
1 185
-
health
426
-
453
-
income
2 800
-
2 978
-
other
-
-
-
-
surtax
59
-
79
-
total
5 561
-
5 932
-
Employer
16 701
-
17 761
-
pensions
2 227
-
2 368
-
other
-
-
-
-
health
759
-
808
-
unemployment
530
-
563
-
total
3 516
-
3 739
-
Corporate
1 283
21 500
-
-
income
334
5 590
-
-
total
334
5 590
-
-
Dividends
949
15 910
-
-
withholding
142
2 387
-
-
total
142
2 387
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 553
7 977
9 671
9 145
After tax
11 947
13 523
11 829
12 355
Living cost
11 139
11 139
11 139
11 139
Free-cash
808
2 384
690
1 216

Estimated living cost  is ₴11139 per week

₴6725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6009
-₴2795
-₴2057
-₴1588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
5 530
municipal
-
-
-
128
regional
-
-
-
324
national
-
-
-
3 747
total
-
-
-
9 729
Employee
27 509
-
21 500
-
regional
370
-
289
-
municipal
146
-
114
-
national
4 358
-
3 283
-
social contributions
9 276
-
7 250
-
total
14 150
-
10 936
-
Employer
27 509
-
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
14 150
10 198
10 936
9 729
After tax
7 350
11 302
10 564
11 771
Living cost
13 359
13 359
13 359
13 359
Free-cash
-6 009
-2 057
-2 795
-1 588

Estimated living cost  is ₴13359 per week

₴8308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8401
-₴4263
-₴371
-₴4703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
6 278
health
-
-
-
2 903
income
-
-
-
1 848
solidarity contribution
-
-
-
-
total
-
-
-
11 029
Employee
22 314
-
16 045
-
solidarity contribution
-
-
-
-
health
3 012
-
2 166
-
social contributions
1 450
-
1 043
-
income
2 678
-
1 925
-
total
7 140
-
5 134
-
Employer
22 314
-
16 045
-
health
2 008
-
1 444
-
social contributions
5 579
-
4 011
-
total
7 587
-
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
14 727
6 697
10 589
11 029
After tax
6 773
14 803
10 911
10 471
Living cost
15 174
15 174
15 174
15 174
Free-cash
-8 401
-371
-4 263
-4 703

Estimated living cost  is ₴15174 per week

₴11284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴841
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.
₴2786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6888
-₴7564
-₴5518
-₴3693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 645
surtax
-
-
-
-
income
-
-
-
621
chamber of commerce
-
-
-
86
pensions
-
-
-
3 977
unemployment
-
-
-
3 042
total
-
-
-
9 371
Employee
21 678
19 763
19 763
-
unemployment
650
593
495
-
pensions
2 220
2 023
1 691
-
health
839
765
639
-
income
1 931
1 458
1 606
-
other
216
198
165
-
total
5 856
5 037
4 596
-
Employer
21 678
19 763
19 763
-
chamber of commerce
87
79
79
-
pensions
2 721
2 481
2 072
-
other
1 030
938
911
-
health
820
747
624
-
unemployment
650
593
495
-
accident
281
257
215
-
surtax
-
-
-
-
payroll
650
593
593
-
total
6 239
5 688
4 989
-
Corporate
1 882
1 882
14 629
-
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.

471
471
3 657
-
total
471
471
3 657
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 566
11 196
13 242
9 371
After tax
8 934
10 304
8 258
12 129
Living cost
15 822
15 822
15 822
15 822
Free-cash
-6 888
-5 518
-7 564
-3 693

Estimated living cost  is ₴15822 per week

₴9491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1616
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.
₴4433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12939
₴10896
₴14121
₴14981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 881
-
21 500
-
income
1 576
-
4 300
-
total
1 576
-
4 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

13 619
21 500
-
-
total
-
-
-
-
Dividends
13 619
21 500
-
-
withholding
681
1 075
-
-
total
681
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
2 257
1 075
4 300
215
After tax
19 243
20 425
17 200
21 285
Living cost
6 304
6 304
6 304
6 304
Free-cash
12 939
14 121
10 896
14 981

Estimated living cost  is ₴6304 per week

₴4266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3845
-₴1892
₴1501
-₴1211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
21 500
health
-
-
-
2 116
income
-
-
-
3 335
pensions
-
-
-
3 926
unemployment
-
-
-
32
total
-
-
-
9 409
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.

21 930
-
18 603
-
unemployment
31
-
26
-
pensions
3 399
-
2 884
-
health
1 416
-
1 202
-
income
3 782
-
3 082
-
total
8 628
-
7 194
-
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.

21 930
-
18 603
-
pensions
1 941
-
1 646
-
health
1 461
-
1 239
-
unemployment
13
-
11
-
total
3 415
-
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
12 043
6 697
10 090
9 409
After tax
9 457
14 803
11 410
12 091
Living cost
13 302
13 302
13 302
13 302
Free-cash
-3 845
1 501
-1 892
-1 211

Estimated living cost  is ₴13302 per week

₴9129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
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.
₴3063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53233
-₴6720
-₴8546
-₴6769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
2 451
income
-
-
-
4 191
total
-
-
-
6 642
Employee
31 009
-
-
-
social contributions
2 543
-
362
-
income
6 840
-
-
-
total
9 383
-
362
-
Employer
31 009
-
-
-
social contributions
43 723
-
6 231
-
total
43 723
-
6 231
-
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
53 106
8 419
6 593
6 642
After tax
-31 606
13 081
14 907
14 858
Living cost
21 627
21 627
21 627
21 627
Free-cash
-53 233
-8 546
-6 720
-6 769

Estimated living cost  is ₴21627 per week

₴14032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6725
-₴3378
-₴3325
-₴2949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
21 500
social contributions

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

-
-
-
7 471
income
-
-
-
1 423
surtax
-
-
-
-
total
-
-
-
8 894
Employee
22 808
-
17 373
-
social contributions
2 509
-
1 911
-
income
4 744
-
3 286
-
surtax
-
-
-
-
total
7 253
-
5 197
-
Employer
22 808
-
17 373
-
social contributions
5 417
-
4 126
-
total
5 417
-
4 126
-
Corporate
-
21 500
-
-
income
-
4 515
-
-
surtax
-
-
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
4 755
-
-
total
-
4 755
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 670
9 270
9 323
8 894
After tax
8 830
12 230
12 177
12 606
Living cost
15 555
15 555
15 555
15 555
Free-cash
-6 725
-3 325
-3 378
-2 949

Estimated living cost  is ₴15555 per week

₴11639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19261
-₴10556
-₴13115
-₴10910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
613
health
-
-
-
186
income
-
-
-
614
surtax
-
-
-
-
pensions
-
-
-
6 379
other
-
-
-
666
total
-
-
-
8 458
Employee
31 060
-
16 383
-
pensions
3 513
-
1 853
-
social contributions
885
-
467
-
income
2 710
-
667
-
surtax
-
-
-
-
total
7 108
-
2 987
-
Employer
31 060
-
16 383
-
pensions
5 104
-
2 692
-
other
1 072
-
566
-
health
2 174
-
1 147
-
unemployment
1 258
-
663
-
social contributions
93
-
49
-
total
9 701
-
5 117
-
Corporate
-
21 500
-
-
income
-
6 020
-
-
surtax
-
-
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
surtax
-
-
-
-
social contributions
-
2 662
-
-
withholding
-
1 981
-
-
total
-
4 643
-
-
Income
21 500
21 500
21 500
21 500
Total tax
16 809
10 663
8 104
8 458
After tax
4 691
10 837
13 396
13 042
Living cost
23 952
23 952
23 952
23 952
Free-cash
-19 261
-13 115
-10 556
-10 910

Estimated living cost  is ₴23952 per week

₴16210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1959
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.
₴5454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2777
₴2499
₴4443
₴1863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
4 730
income
-
-
-
-
total
-
-
-
4 730
Employee
15 943
-
18 615
-
social contributions
1 036
-
1 209
-
income
-
-
-
-
total
1 036
-
1 209
-
Employer
15 943
-
18 615
-
social contributions
2 471
-
2 885
-
total
2 471
-
2 885
-
Corporate
3 085
21 500
-
-
income
309
2 150
-
-
total
309
2 150
-
-
Dividends
2 777
19 350
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
3 816
2 150
4 094
4 730
After tax
17 684
19 350
17 406
16 770
Living cost
14 907
14 907
14 907
14 907
Free-cash
2 777
4 443
2 499
1 863

Estimated living cost  is ₴14907 per week

₴9639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴86452
-₴86452
-₴86452
-₴9459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 129
pensions
-
-
-
429
labour market
-
-
-
1 686
national
-
-
-
1 853
total
-
-
-
7 097
Employee
100 715
100 715
100 715
-
pensions
143
143
143
-
municipal
21 447
21 447
21 447
-
national
12 304
12 304
12 304
-
labour market
8 046
8 046
8 046
-
total
41 940
41 940
41 940
-
Employer
100 715
100 715
100 715
-
municipal
21 481
21 481
21 481
-
pensions
286
286
286
-
national
12 326
12 326
12 326
-
labour market
8 057
8 057
8 057
-
total
42 150
42 150
42 150
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
84 090
84 090
84 090
7 097
After tax
-62 590
-62 590
-62 590
14 403
Living cost
23 862
23 862
23 862
23 862
Free-cash
-86 452
-86 452
-86 452
-9 459

Estimated living cost  is ₴23862 per week

₴16331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67
₴441
-₴9171
₴3886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
health
-
-
-
1 098
income
-
-
-
3 194
pensions
-
-
-
2 095
other
-
-
-
187
total
-
-
-
6 701
Employee
17 167
-
17 860
-
pensions
1 933
-
2 011
-
health
1 966
-
2 045
-
income
2 355
-
2 450
-
total
6 254
-
6 506
-
Employer
17 167
-
17 860
-
pensions
2 791
-
2 904
-
unemployment
421
-
438
-
accident
287
-
298
-
total
3 499
-
3 640
-
Corporate
834
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.

751
19 350
-
-
total
751
19 350
-
-
Dividends
83
2 150
-
-
withholding
16
408
-
-
total
16
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 520
19 758
10 146
6 701
After tax
10 980
1 742
11 354
14 799
Living cost
10 913
10 913
10 913
10 913
Free-cash
67
-9 171
441
3 886

Estimated living cost  is ₴10913 per week

₴7944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2143
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9514
-₴5491
-₴4162
-₴1800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
21 500
health
-
-
-
124
municipal
-
-
-
3 847
national
-
-
-
289
total
-
-
-
4 260
Employee
26 091
-
18 087
-
unemployment
391
-
271
-
pensions
1 761
-
1 221
-
municipal
4 274
-
2 974
-
national
431
-
-
-
health
195
-
72
-
total
7 052
-
4 538
-
Employer
26 091
-
18 087
-
pensions
4 527
-
3 138
-
health
200
-
139
-
unemployment
169
-
118
-
accident
26
-
18
-
total
4 922
-
3 413
-
Corporate
-
21 500
-
-
income
-
4 300
-
-
total
-
4 300
-
-
Dividends

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

-
12 900
-
-
national
-
-
-
-
municipal
-
2 322
-
-
total
-
2 322
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 974
6 622
7 951
4 260
After tax
9 526
14 878
13 549
17 240
Living cost
19 040
19 040
19 040
19 040
Free-cash
-9 514
-4 162
-5 491
-1 800

Estimated living cost  is ₴19040 per week

₴12437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1831
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.
₴4469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1717
₴1997
-₴1196
₴6115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
3 354
health
-
-
-
549
income
-
-
-
-
total
-
-
-
3 903
Employee
38 134
38 134
38 134
-
health
296
648
332
-
social contributions
1 442
3 165
1 620
-
income
4 152
3 530
4 088
-
total
5 890
7 343
6 040
-
Employer
38 134
38 134
38 134
-
health
321
706
361
-
social contributions
1 442
3 165
1 620
-
total
1 763
3 871
1 981
-
Corporate
2 366
-
-
-
income
296
-
-
-
total
296
-
-
-
Dividends
2 071
-
-
-
withholding
352
-
-
-
total
352
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 301
11 214
8 021
3 903
After tax
13 199
10 286
13 479
17 597
Living cost
11 482
11 482
11 482
11 482
Free-cash
1 717
-1 196
1 997
6 115

Estimated living cost  is ₴11482 per week

₴6881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7409
₴5485
₴9930
₴7018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
21 500
health
-
-
-
1 795
income
-
-
-
1 644
pensions
-
-
-
3 155
unemployment
-
-
-
14
total
-
-
-
6 608
Employee

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

11 383
-
19 492
-
unemployment
56
-
98
-
pensions
1 707
-
2 924
-
health
967
-
1 656
-
income
778
-
1 454
-
total
3 508
-
6 132
-
Employer

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

11 383
-
19 492
-
pensions
626
-
1 072
-
health
489
-
839
-
unemployment
56
-
98
-
total
1 171
-
2 009
-
Corporate
8 945
21 500
-
-
income
805
1 935
-
-
total
805
1 935
-
-
Dividends
8 141
19 565
-
-
withholding
733
1 761
-
-
total
733
1 761
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 217
3 696
8 141
6 608
After tax
15 283
17 804
13 359
14 892
Living cost
7 874
7 874
7 874
7 874
Free-cash
7 409
9 930
5 485
7 018

Estimated living cost  is ₴7874 per week

₴5024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
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.
₴2048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2682
-₴1523
₴913
-₴1614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
194
income
-
-
-
3 026
pensions
-
-
-
6 084
other
-
-
-
22
unemployment
-
-
-
151
total
-
-
-
9 477
Employee
18 337
-
16 220
-
unemployment
284
-
257
-
pensions
862
-
778
-
income
3 535
-
3 054
-
other
18
-
17
-
total
4 699
-
4 106
-
Employer
18 337
-
16 220
-
pensions
4 327
-
3 908
-
other
147
-
133
-
unemployment
1 009
-
911
-
accident
363
-
328
-
total
5 846
-
5 280
-
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
-
3 725
-
-
total
-
3 725
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 545
6 950
9 386
9 477
After tax
10 955
14 550
12 114
12 023
Living cost
13 637
13 637
13 637
13 637
Free-cash
-2 682
913
-1 523
-1 614

Estimated living cost  is ₴13637 per week

₴9205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1311
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2883
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12291
₴12374
₴12450
₴12442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
511
income
-
-
-
6 877
pensions
-
-
-
704
total
-
-
-
8 092
Employee
1 471
-
20 708
-
unemployment
15
-
35
-
pensions
132
-
317
-
health
74
-
176
-
income
284
-
6 840
-
total
505
-
7 368
-
Employer
1 471
-
20 708
-
pensions
162
-
387
-
health
140
-
335
-
unemployment
29
-
70
-
total
331
-
792
-
Corporate
19 698
21 500
-
-
income
4 334
4 730
-
-
total
4 334
4 730
-
-
Dividends
15 365
16 770
-
-
withholding
3 073
3 354
-
-
total
3 073
3 354
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 243
8 084
8 160
8 092
After tax
13 257
13 416
13 340
13 408
Living cost
966
966
966
966
Free-cash
12 291
12 450
12 374
12 442

Estimated living cost  is ₴966 per week

₴574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4520
₴3188
₴6960
₴2263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
21 500
health
-
-
-
2 215
income
-
-
-
2 536
pensions
-
-
-
5 590
unemployment
-
-
-
322
total
-
-
-
10 663
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.

12 928
-
18 236
-
unemployment
97
-
137
-
pensions
1 810
-
2 553
-
health
666
-
939
-
income
1 782
-
2 845
-
total
4 355
-
6 474
-
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.

12 928
-
18 236
-
pensions
1 551
-
2 188
-
health
666
-
939
-
unemployment
97
-
137
-
total
2 314
-
3 264
-
Corporate
6 257
21 500
-
-
income
939
3 225
-
-
total
939
3 225
-
-
Dividends
5 319
18 275
-
-
withholding
798
2 741
-
-
total
798
2 741
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 406
5 966
9 738
10 663
After tax
13 094
15 534
11 762
10 837
Living cost
8 574
8 574
8 574
8 574
Free-cash
4 520
6 960
3 188
2 263

Estimated living cost  is ₴8574 per week

₴5773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴663
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2319
-₴1193
-₴1140
-₴764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
21 500
social contributions

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

-
-
-
7 471
income
-
-
-
1 423
surtax
-
-
-
-
total
-
-
-
8 894
Employee
19 248
-
17 373
-
social contributions
2 117
-
1 911
-
income
3 761
-
3 286
-
surtax
-
-
-
-
total
5 878
-
5 197
-
Employer
19 248
-
17 373
-
social contributions
4 571
-
4 126
-
total
4 571
-
4 126
-
Corporate
-
21 500
-
-
income
-
4 515
-
-
surtax
-
-
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
4 755
-
-
total
-
4 755
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 449
9 270
9 323
8 894
After tax
11 051
12 230
12 177
12 606
Living cost
13 370
13 370
13 370
13 370
Free-cash
-2 319
-1 140
-1 193
-764

Estimated living cost  is ₴13370 per week

₴9469
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.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10088
-₴5315
-₴2879
-₴5406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
194
income
-
-
-
3 026
pensions
-
-
-
6 084
other
-
-
-
22
unemployment
-
-
-
151
total
-
-
-
9 477
Employee
23 951
-
16 220
-
unemployment
371
-
257
-
pensions
1 126
-
778
-
income
5 002
-
3 054
-
other
24
-
17
-
total
6 523
-
4 106
-
Employer
23 951
-
16 220
-
pensions
5 652
-
3 908
-
other
192
-
133
-
unemployment
1 318
-
911
-
accident
474
-
328
-
total
7 636
-
5 280
-
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
-
3 725
-
-
total
-
3 725
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 159
6 950
9 386
9 477
After tax
7 341
14 550
12 114
12 023
Living cost
17 429
17 429
17 429
17 429
Free-cash
-10 088
-2 879
-5 315
-5 406

Estimated living cost  is ₴17429 per week

₴12517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3312
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6825
₴5246
₴9849
₴5114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
health
-
-
-
1 993
income
-
-
-
3 225
pensions

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

-
-
-
2 565
unemployment
-
-
-
69
total
-
-
-
7 852
Employee
11 300
-
18 100
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
pensions

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

992
-
1 522
-
health
520
-
797
-
income
1 130
-
1 810
-
total
2 766
-
4 320
-
Employer
11 300
-
18 100
-
pensions

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

1 245
-
1 909
-
health
780
-
1 196
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
total
2 217
-
3 400
-
Corporate
7 983
21 500
-
-
income
799
2 150
-
-
total
799
2 150
-
-
Dividends
7 184
19 350
-
-
withholding
359
967
-
-
total
359
967
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 141
3 117
7 720
7 852
After tax
15 359
18 383
13 780
13 648
Living cost
8 534
8 534
8 534
8 534
Free-cash
6 825
9 849
5 246
5 114

Estimated living cost  is ₴8534 per week

₴5644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Sofia model

Close
Berlin , Germany
-₴3175
-₴2275
-₴7973
-₴2275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
health

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

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

-
-
-
3 388
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.

-
-
-
1 176
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.

-
-
-
65
total
-
-
-
4 629
Employee

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

24 675
-
21 500
-
health

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

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

3 388
-
3 388
-
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.

2 029
-
1 176
-
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.

112
-
65
-
total
5 529
-
4 629
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
3 225
-
-
chamber of commerce
-
107
-
-
surtax

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

-
177
-
-
trade
-
3 085
-
-
total
-
6 594
-
-
Dividends
-
14 906
-
-
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.

-
195
-
-
withholding
-
3 538
-
-
total
-
3 733
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 529
10 327
4 629
4 629
After tax
15 971
11 173
16 871
16 871
Living cost
19 146
19 146
19 146
19 146
Free-cash
-3 175
-7 973
-2 275
-2 275

Estimated living cost  is ₴19146 per week

₴13207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2060
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17293
-₴10817
-₴13201
-₴10817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
1 320
income
-
-
-
2 747
total
-
-
-
4 067
Employee
38 792
-
21 500
-
social contributions
3 223
-
1 320
-
income
7 320
-
2 747
-
total
10 543
-
4 067
-
Employer
38 792
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
2 688
-
-
total
-
2 688
-
-
Dividends
-
18 812
-
-
withholding
-
3 763
-
-
total
-
3 763
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 543
6 451
4 067
4 067
After tax
10 957
15 049
17 433
17 433
Living cost
28 250
28 250
28 250
28 250
Free-cash
-17 293
-13 201
-10 817
-10 817

Estimated living cost  is ₴28250 per week

₴21492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2302
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.
₴4186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5008
-₴2163
-₴6123
-₴13661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 116
health

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

-
-
-
3 043
total
-
-
-
17 159
Employee
22 750
-
19 542
-
social contributions
2 279
-
1 957
-
income
2 468
-
1 747
-
total
4 747
-
3 704
-
Employer
22 750
-
19 542
-
social contributions
2 279
-
1 957
-
total
2 279
-
1 957
-
Corporate
-
21 500
-
-
income
-
7 525
-
-
total
-
7 525
-
-
Dividends
-
13 975
-
-
social contributions
1 480
2 096
-
-
total
1 480
2 096
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 506
9 621
5 661
17 159
After tax
12 994
11 879
15 839
4 341
Living cost
18 002
18 002
18 002
18 002
Free-cash
-5 008
-6 123
-2 163
-13 661

Estimated living cost  is ₴18002 per week

₴11858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6193
-₴3680
-₴1903
-₴1713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 075
pensions
-
-
-
1 126
total
-
-
-
5 201
Employee
24 724
-
19 373
-
pensions
1 887
-
1 245
-
health
323
-
213
-
income
4 503
-
3 583
-
total
6 713
-
5 041
-
Employer
24 724
-
19 373
-
pensions
2 498
-
1 759
-
health
470
-
368
-
total
2 968
-
2 127
-
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
9 681
5 391
7 168
5 201
After tax
11 819
16 109
14 332
16 299
Living cost
18 012
18 012
18 012
18 012
Free-cash
-6 193
-1 903
-3 680
-1 713

Estimated living cost  is ₴18012 per week

₴12356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1211
-₴640
-₴10252
₴2805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
health
-
-
-
1 098
income
-
-
-
3 194
pensions
-
-
-
2 095
other
-
-
-
187
total
-
-
-
6 701
Employee
18 867
-
17 860
-
pensions
2 124
-
2 011
-
health
2 160
-
2 045
-
income
2 588
-
2 450
-
total
6 872
-
6 506
-
Employer
18 867
-
17 860
-
pensions
3 068
-
2 904
-
unemployment
462
-
438
-
accident
315
-
298
-
total
3 845
-
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
10 717
19 758
10 146
6 701
After tax
10 783
1 742
11 354
14 799
Living cost
11 994
11 994
11 994
11 994
Free-cash
-1 211
-10 252
-640
2 805

Estimated living cost  is ₴11994 per week

₴8802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴699
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9170
₴6343
₴11581
₴6343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
21 500
income
-
-
-
2 550
health insurance
-
-
-
1 591
pensions
-
-
-
3 956
unemployment
-
-
-
258
work injury
-
-
-
108
total
-
-
-
8 463
Employee

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

10 711
-
21 500
-
unemployment
129
-
258
-
pensions
1 971
-
3 956
-
work injury
54
-
108
-
income
1 071
-
2 550
-
health insurance
793
-
1 591
-
total
4 018
-
8 463
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 789
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
10 789
21 500
-
-
withholding
1 618
3 225
-
-
total
1 618
3 225
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 636
3 225
8 463
8 463
After tax
15 864
18 275
13 037
13 037
Living cost
6 694
6 694
6 694
6 694
Free-cash
9 170
11 581
6 343
6 343

Estimated living cost  is ₴6694 per week

₴4147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20289
-₴9165
-₴8431
-₴7972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
social contributions
-
-
-
5 530
municipal
-
-
-
144
regional
-
-
-
295
national
-
-
-
3 747
total
-
-
-
9 716
Employee
41 789
-
21 500
-
regional
631
-
248
-
municipal
249
-
128
-
national
7 062
-
3 283
-
social contributions
14 091
-
7 250
-
total
22 033
-
10 909
-
Employer
41 789
-
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
22 033
10 175
10 909
9 716
After tax
-533
11 325
10 591
11 784
Living cost
19 756
19 756
19 756
19 756
Free-cash
-20 289
-8 431
-9 165
-7 972

Estimated living cost  is ₴19756 per week

₴13877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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