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
-₴2040
₴2698
₴3447
₴3697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
trade
-
-
-
250
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.

-
-
-
1 805
health

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

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

-
-
-
2 926
surtax

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

-
-
-
99
total
-
-
-
5 080
Employee

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

16 382
-
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.

2 926
-
2 926
-
surtax

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

25
-
99
-
income

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

458
-
1 805
-
total
3 409
-
4 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 118
21 500
-
-
surtax

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

42
177
-
-
income
767
3 225
-
-
trade
806
3 386
-
-
chamber of commerce
72
96
-
-
total
1 687
6 884
-
-
Dividends
3 430
14 616
-
-
surtax

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

38
192
-
-
withholding
695
3 491
-
-
total
733
3 683
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 829
10 567
4 830
5 080
After tax
15 671
10 933
16 670
16 420
Living cost
12 973
12 973
12 973
12 973
Free-cash
2 698
-2 040
3 697
3 447

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-₴8227
-₴15096
-₴7989
-₴7820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
municipal
-
-
-
1 975
pensions
-
-
-
2 580
national
-
-
-
3 060
social contributions
-
-
-
231
total
-
-
-
7 846
Employee
33 550
-
18 587
-
municipal
4 144
-
2 058
-
pensions
1 342
-
743
-
national
6 422
-
3 189
-
total
11 908
-
5 990
-
Employer
33 550
-
18 587
-
social contributions
361
-
200
-
pensions
2 684
-
1 487
-
total
3 045
-
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
14 953
8 084
7 677
7 846
After tax
6 547
13 416
13 823
13 654
Living cost
21 643
21 643
21 643
21 643
Free-cash
-15 096
-8 227
-7 820
-7 989

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴8289
₴4775
₴8016
₴3425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
21 500
microenterprise
-
-
-
3 225
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 348
total
-
-
-
4 573
Employee
12 515
-
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.

1 377
-
1 906
-
surtax
-
-
-
-
income
2 228
-
3 084
-
total
3 605
-
4 990
-
Employer
12 515
-
17 326
-
social contributions

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

3 015
-
4 174
-
surtax
-
-
-
-
total
3 015
-
4 174
-
Corporate
5 970
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%.

1 194
4 300
-
-
total
1 194
4 300
-
-
Dividends

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

4 776
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 814
4 300
9 164
4 573
After tax
13 686
17 200
12 336
16 927
Living cost
8 911
8 911
8 911
8 911
Free-cash
4 775
8 289
3 425
8 016

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴18628
-₴21033
-₴5620
-₴21033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
2 006
pensions
-
-
-
3 870
health
-
-
-
3 301
total
-
-
-
9 177
Employee
36 576
36 576
36 576
-
health
5 614
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
6 584
-
total
18 185
15 780
18 185
-
Employer
36 576
36 576
36 576
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 546
-
health
2 542
2 542
2 542
-
total
6 405
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
24 590
22 185
24 590
9 177
After tax
-3 090
-685
-3 090
12 323
Living cost
17 943
17 943
17 943
17 943
Free-cash
-21 033
-18 628
-21 033
-5 620

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴4809
-₴9488
-₴5830
-₴5067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
municipal
-
-
-
4 554
accident
-
-
-
43
pensions
-
-
-
2 324
other
-
-
-
2 498
unemployment
-
-
-
21
health
-
-
-
1 342
national
-
-
-
-
total
-
-
-
10 782
Employee
23 580
-
16 360
-
municipal
7 032
-
4 878
-
national
-
-
-
-
total
7 032
-
4 878
-
Employer
23 580
-
16 360
-
accident
47
-
33
-
other
2 740
-
1 901
-
unemployment
622
-
432
-
pensions
2 549
-
1 769
-
health
1 450
-
1 006
-
total
7 408
-
5 141
-
Corporate
-
21 500
-
-
income
-
4 730
-
-
total
-
4 730
-
-
Dividends
-
16 770
-
-
withholding
-
5 031
-
-
total
-
5 031
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 440
9 761
10 019
10 782
After tax
7 060
11 739
11 481
10 718
Living cost
16 548
16 548
16 548
16 548
Free-cash
-9 488
-4 809
-5 067
-5 830

Estimated living cost  is ₴16548 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
-₴6005
-₴220
-₴417
-₴156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
trade
-
-
-
261
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.

-
-
-
1 805
health

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

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

-
-
-
2 926
surtax

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

-
-
-
99
total
-
-
-
5 091
Employee

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

21 721
-
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.

2 926
-
2 926
-
surtax

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

102
-
99
-
income

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

1 866
-
1 805
-
total
4 894
-
4 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
surtax

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

-
177
-
-
income
-
3 225
-
-
trade
-
3 537
-
-
chamber of commerce
-
96
-
-
total
-
7 035
-
-
Dividends
-
14 465
-
-
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.

-
190
-
-
withholding
-
3 454
-
-
total
-
3 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
4 894
10 679
4 830
5 091
After tax
16 606
10 821
16 670
16 409
Living cost
16 826
16 826
16 826
16 826
Free-cash
-220
-6 005
-156
-417

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
-₴2077
₴193
₴3355
₴224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
350
health
-
-
-
549
social contributions
-
-
-
3 354
total
-
-
-
4 253
Employee
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 620
-
health
328
560
332
-
income
3 458
3 049
3 451
-
total
5 386
6 342
5 403
-
Employer
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 620
-
health
357
610
361
-
total
1 957
3 343
1 981
-
Corporate
264
-
-
-
income
33
-
-
-
total
33
-
-
-
Dividends
231
-
-
-
withholding
39
-
-
-
total
39
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 415
9 685
7 384
4 253
After tax
14 085
11 815
14 116
17 247
Living cost
13 892
13 892
13 892
13 892
Free-cash
193
-2 077
224
3 355

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴4407
₴4570
₴7112
₴4682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
2 628
pensions
-
-
-
2 150
unemployment
-
-
-
322
health
-
-
-
1 505
total
-
-
-
6 605
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
17 992
-
health
786
313
1 259
-
income
1 373
547
2 199
-
pensions
1 123
447
1 799
-
unemployment
169
67
270
-
total
3 451
1 374
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.

11 234
4 471
17 992
-
pensions
2 191
872
3 508
-
total
2 191
872
3 508
-
Corporate
8 075
16 157
-
-
income
727
1 454
-
-
total
727
1 454
-
-
Dividends
7 348
14 703
-
-
social contributions
1 382
2 816
-
-
withholding
1 396
2 794
-
-
total
2 778
5 610
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 147
9 310
9 035
6 605
After tax
12 353
12 190
12 465
14 895
Living cost
7 783
7 783
7 783
7 783
Free-cash
4 570
4 407
4 682
7 112

Estimated living cost  is ₴7783 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴6855
₴4194
₴1854
₴2603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
2 206
pensions
-
-
-
4 300
health
-
-
-
2 795
total
-
-
-
9 301
Employee
12 151
-
16 069
-
income
1 368
-
2 543
-
pensions
243
-
321
-
unemployment
194
-
257
-
total
1 805
-
3 121
-
Employer
12 151
-
16 069
-
unemployment
98
-
128
-
pensions
2 430
-
3 214
-
health
1 579
-
2 089
-
total
4 107
-
5 431
-
Corporate
5 242
21 500
-
-
income
1 049
4 300
-
-
total
1 049
4 300
-
-
Dividends
4 194
17 200
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 961
4 300
8 552
9 301
After tax
14 539
17 200
12 948
12 199
Living cost
10 345
10 345
10 345
10 345
Free-cash
4 194
6 855
2 603
1 854

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴7624
₴306
₴5524
₴1988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
3 645
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 610
Employee
14 734
-
17 860
-
health
1 687
-
2 045
-
income
2 021
-
2 450
-
pensions
1 659
-
2 011
-
total
5 367
-
6 506
-
Employer
14 734
-
17 860
-
accident
246
-
298
-
unemployment
361
-
438
-
pensions
2 396
-
2 904
-
total
3 003
-
3 640
-
Corporate
3 763
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.

3 387
19 350
-
-
total
3 387
19 350
-
-
Dividends
376
2 150
-
-
withholding
71
408
-
-
total
71
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 828
19 758
10 146
6 610
After tax
9 672
1 742
11 354
14 890
Living cost
9 366
9 366
9 366
9 366
Free-cash
306
-7 624
1 988
5 524

Estimated living cost  is ₴9366 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴16572
₴15850
₴17432
₴13347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 817
-
21 500
-
income
963
-
4 300
-
total
963
-
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%.

16 683
21 500
-
-
total
-
-
-
-
Dividends
16 683
21 500
-
-
withholding
834
1 075
-
-
total
834
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
1 797
1 075
4 300
215
After tax
19 703
20 425
17 200
21 285
Living cost
3 853
3 853
3 853
3 853
Free-cash
15 850
16 572
13 347
17 432

Estimated living cost  is ₴3853 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴4383
₴1492
₴229
₴1187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
2 731
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
health
-
-
-
946
total
-
-
-
9 858
Employee
15 552
-
17 172
-
health
218
-
241
-
income
2 677
-
2 956
-
pensions

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

1 088
-
1 202
-
unemployment
155
-
172
-
total
4 138
-
4 571
-
Employer
15 552
-
17 172
-
accident
124
-
137
-
other
778
-
859
-
unemployment
155
-
172
-
pensions

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

2 644
-
2 920
-
health
218
-
241
-
total
3 919
-
4 329
-
Corporate
2 029
21 500
-
-
income
426
4 515
-
-
total
426
4 515
-
-
Dividends
1 603
16 985
-
-
withholding
112
1 189
-
-
total
112
1 189
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 595
5 704
8 900
9 858
After tax
12 905
15 796
12 600
11 642
Living cost
11 413
11 413
11 413
11 413
Free-cash
1 492
4 383
1 187
229

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴12636
-₴24743
-₴12519
-₴14590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 057
pensions
-
-
-
1 217
total
-
-
-
5 274
Employee
40 669
-
19 283
-
health
670
-
232
-
income
7 331
-
3 539
-
pensions
3 923
-
1 357
-
total
11 924
-
5 128
-
Employer
40 669
-
19 283
-
pensions
4 802
-
1 851
-
health
772
-
366
-
total
5 574
-
2 217
-
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
17 498
5 391
7 345
5 274
After tax
4 002
16 109
14 155
16 226
Living cost
28 745
28 745
28 745
28 745
Free-cash
-24 743
-12 636
-14 590
-12 519

Estimated living cost  is ₴28745 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴12763
₴10773
₴8658
₴8919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
3 225
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
7 223
Employee
7 440
-
18 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
1 856
-
pensions

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

653
-
1 314
-
total
1 821
-
4 024
-
Employer
7 440
-
18 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
12 600
21 500
-
-
income
1 260
2 150
-
-
total
1 260
2 150
-
-
Dividends
11 340
19 350
-
-
withholding
567
968
-
-
total
567
968
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 108
3 118
6 962
7 223
After tax
16 392
18 382
14 538
14 277
Living cost
5 619
5 619
5 619
5 619
Free-cash
10 773
12 763
8 919
8 658

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴24436
-₴25163
-₴11428
-₴26841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
2 006
pensions
-
-
-
3 870
health
-
-
-
3 301
total
-
-
-
9 177
Employee
39 710
36 576
36 576
-
health
4 954
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
6 584
-
total
15 959
15 780
18 185
-
Employer
39 710
36 576
36 576
-
unemployment
1 430
1 317
1 317
-
pensions
2 764
2 546
2 546
-
health
2 759
2 542
2 542
-
total
6 953
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
22 912
22 185
24 590
9 177
After tax
-1 412
-685
-3 090
12 323
Living cost
23 751
23 751
23 751
23 751
Free-cash
-25 163
-24 436
-26 841
-11 428

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴4545
₴885
₴213
₴653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
1 848
health
-
-
-
2 903
solidarity contribution
-
-
-
-
social contributions
-
-
-
6 278
total
-
-
-
11 029
Employee
15 086
-
16 045
-
social contributions
981
-
1 043
-
health
2 037
-
2 166
-
solidarity contribution
-
-
-
-
income
1 810
-
1 925
-
total
4 828
-
5 134
-
Employer
15 086
-
16 045
-
social contributions
3 771
-
4 011
-
health
1 358
-
1 444
-
total
5 129
-
5 455
-
Corporate
1 285
21 500
-
-
income
244
4 085
-
-
total
244
4 085
-
-
Dividends
1 041
17 415
-
-
withholding
156
2 612
-
-
total
156
2 612
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 357
6 697
10 589
11 029
After tax
11 143
14 803
10 911
10 471
Living cost
10 258
10 258
10 258
10 258
Free-cash
885
4 545
653
213

Estimated living cost  is ₴10258 per week

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

Source of data for Brno model

Close
Milan , Italy
-₴6603
-₴16566
-₴6264
-₴7478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
regional
-
-
-
209
national
-
-
-
3 824
social contributions
-
-
-
5 530
total
-
-
-
9 691
Employee
38 066
-
21 500
-
social contributions
12 836
-
7 249
-
regional
359
-
182
-
municipal
202
-
114
-
national
6 596
-
3 360
-
total
19 993
-
10 905
-
Employer
38 066
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
nationa
-
5 160
-
-
municipal
-
839
-
-
total
-
5 999
-
-
Dividends
-
15 502
-
-
withholding
-
4 031
-
-
total
-
4 031
-
-
Income
21 500
21 500
21 500
21 500
Total tax
19 993
10 030
10 905
9 691
After tax
1 507
11 470
10 595
11 809
Living cost
18 073
18 073
18 073
18 073
Free-cash
-16 566
-6 603
-7 478
-6 264

Estimated living cost  is ₴18073 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₴4073
₴2739
₴2882
₴2346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
3 115
pensions
-
-
-
4 300
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 526
surtax
-
-
-
128
total
-
-
-
9 167
Employee
14 164
-
17 760
-
other
-
-
-
-
health
362
-
453
-
surtax
46
-
113
-
income
2 374
-
2 977
-
pensions
944
-
1 184
-
unemployment
986
-
1 236
-
total
4 712
-
5 963
-
Employer
14 164
-
17 760
-
other
-
-
-
-
unemployment
449
-
563
-
pensions
1 888
-
2 368
-
health
645
-
809
-
total
2 982
-
3 740
-
Corporate
4 355
21 500
-
-
income
1 132
5 590
-
-
total
1 132
5 590
-
-
Dividends
3 222
15 910
-
-
withholding
484
2 386
-
-
total
484
2 386
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 310
7 976
9 703
9 167
After tax
12 190
13 524
11 797
12 333
Living cost
9 451
9 451
9 451
9 451
Free-cash
2 739
4 073
2 346
2 882

Estimated living cost  is ₴9451 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴3529
-₴9224
-₴3412
-₴5483
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 057
pensions
-
-
-
1 217
total
-
-
-
5 274
Employee
27 256
-
19 283
-
health
396
-
232
-
income
4 909
-
3 539
-
pensions
2 313
-
1 357
-
total
7 618
-
5 128
-
Employer
27 256
-
19 283
-
pensions
2 950
-
1 851
-
health
518
-
366
-
total
3 468
-
2 217
-
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
11 086
5 391
7 345
5 274
After tax
10 414
16 109
14 155
16 226
Living cost
19 638
19 638
19 638
19 638
Free-cash
-9 224
-3 529
-5 483
-3 412

Estimated living cost  is ₴19638 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴22540
-₴19993
-₴14084
-₴15259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
city
-
-
-
226
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
-
-
-
419
health
-
-
-
106
national
-
-
-
53
total
-
-
-
3 212
Employee
37 883
-
19 202
-
city
407
-
205
-
regional
1 240
-
352
-
health
86
-
43
-
pensions
3 183
-
1 660
-
unemployment
-
-
-
-
national
179
-
40
-
total
5 095
-
2 300
-
Employer
37 883
-
19 202
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

757
-
384
-
unemployment
-
-
-
-
pensions
3 183
-
1 660
-
health
86
-
43
-
total
4 026
-
2 087
-
Corporate
-
21 500
-
-
regional
-
4 547
-
-
national
-
1 827
-
-
total
-
6 374
-
-
Dividends
-
15 125
-
-
withholding
-
5 294
-
-
total
-
5 294
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 121
11 668
4 387
3 212
After tax
12 379
9 832
17 113
18 288
Living cost
32 372
32 372
32 372
32 372
Free-cash
-19 993
-22 540
-15 259
-14 084

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-₴8909
-₴4241
-₴3223
-₴2951
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
trade
-
-
-
272
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.

-
-
-
1 805
health

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

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

-
-
-
2 926
surtax

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

-
-
-
99
total
-
-
-
5 102
Employee

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

25 741
-
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.

2 926
-
2 926
-
surtax

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

167
-
99
-
income

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

3 027
-
1 805
-
total
6 120
-
4 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
21 500
-
-
surtax

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

-
177
-
-
income
-
3 225
-
-
trade
-
3 687
-
-
chamber of commerce
-
95
-
-
total
-
7 184
-
-
Dividends
-
14 316
-
-
surtax

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

-
188
-
-
withholding
-
3 416
-
-
total
-
3 604
-
-
Income
21 500
21 500
21 500
21 500
Total tax
6 120
10 788
4 830
5 102
After tax
15 380
10 712
16 670
16 398
Living cost
19 621
19 621
19 621
19 621
Free-cash
-4 241
-8 909
-2 951
-3 223

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
-₴3818
-₴2555
-₴1700
-₴1435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
808
pensions
-
-
-
6 273
other
-
-
-
666
health
-
-
-
186
surtax
-
-
-
-
social contributions
-
-
-
613
total
-
-
-
8 546
Employee
18 331
-
16 384
-
social contributions
523
-
467
-
surtax
-
-
-
-
income
1 082
-
846
-
pensions
2 073
-
1 853
-
total
3 678
-
3 166
-
Employer
18 331
-
16 384
-
other
632
-
565
-
social contributions
55
-
49
-
unemployment
742
-
663
-
pensions
3 011
-
2 691
-
health
1 283
-
1 147
-
total
5 723
-
5 115
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
6 020
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
surtax
-
-
-
-
social contributions
-
2 662
-
-
withholding
-
1 982
-
-
total
-
4 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 401
10 664
8 281
8 546
After tax
12 099
10 836
13 219
12 954
Living cost
14 654
14 654
14 654
14 654
Free-cash
-2 555
-3 818
-1 435
-1 700

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-₴2366
₴14
-₴248
₴17
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
808
pensions
-
-
-
6 273
other
-
-
-
666
health
-
-
-
186
surtax
-
-
-
-
social contributions
-
-
-
613
total
-
-
-
8 546
Employee
16 363
-
16 384
-
social contributions
467
-
467
-
surtax
-
-
-
-
income
844
-
846
-
pensions
1 851
-
1 853
-
total
3 162
-
3 166
-
Employer
16 363
-
16 384
-
other
565
-
565
-
social contributions
49
-
49
-
unemployment
662
-
663
-
pensions
2 689
-
2 691
-
health
1 145
-
1 147
-
total
5 110
-
5 115
-
Corporate
27
21 500
-
-
surtax
-
-
-
-
income
7
6 020
-
-
total
7
6 020
-
-
Dividends
19
15 480
-
-
surtax
-
-
-
-
social contributions
3
2 662
-
-
withholding
2
1 982
-
-
total
5
4 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 284
10 664
8 281
8 546
After tax
13 216
10 836
13 219
12 954
Living cost
13 202
13 202
13 202
13 202
Free-cash
14
-2 366
17
-248

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴4035
₴4259
₴4726
₴3924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
3 225
health
-
-
-
1 500
social contributions
-
-
-
2 967
total
-
-
-
7 692
Employee
14 522
-
21 500
-
social contributions
2 004
-
2 967
-
health
1 014
-
1 500
-
income
2 422
-
4 027
-
total
5 440
-
8 494
-
Employer
14 522
-
21 500
-
total
-
-
-
-
Corporate
6 978
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%.

349
1 075
-
-
total
349
1 075
-
-
Dividends
6 629
20 425
-
-
health
462
1 426
-
-
social contributions
914
2 819
-
-
withholding
994
3 063
-
-
total
2 370
7 308
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 159
8 383
8 494
7 692
After tax
13 341
13 117
13 006
13 808
Living cost
9 082
9 082
9 082
9 082
Free-cash
4 259
4 035
3 924
4 726

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-₴3346
-₴6555
-₴3090
-₴6519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
86
income
-
-
-
1 077
pensions
-
-
-
3 978
unemployment
-
-
-
2 627
health
-
-
-
1 645
surtax
-
-
-
85
total
-
-
-
9 498
Employee
21 405
17 069
17 069
-
other
214
171
166
-
health
828
661
642
-
income
2 437
1 259
1 280
-
pensions
2 192
1 748
1 700
-
unemployment
642
512
498
-
total
6 313
4 351
4 286
-
Employer
21 405
17 069
17 069
-
accident
278
222
216
-
other
1 017
810
807
-
chamber of commerce
85
68
68
-
unemployment
642
512
498
-
surtax
85
85
85
-
pensions
2 686
2 143
2 083
-
payroll
642
512
512
-
health
809
645
627
-
total
6 244
4 997
4 896
-
Corporate
1 626
1 626
14 977
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

406
406
3 745
-
total
406
406
3 745
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 963
9 754
12 927
9 498
After tax
8 537
11 746
8 573
12 002
Living cost
15 092
15 092
15 092
15 092
Free-cash
-6 555
-3 346
-6 519
-3 090

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-₴3481
-₴18056
-₴3595
-₴6185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
national
-
-
-
6 118
communal

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

-
-
-
1 158
social contributions
-
-
-
2 202
total
-
-
-
9 478
Employee

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

30 637
-
16 652
-
communal

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

1 598
-
869
-
health

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

1 439
-
783
-
pensions

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

2 298
-
1 249
-
unemployment

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

267
-
145
-
national
9 419
-
4 175
-
total
15 021
-
7 221
-
Employer

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

30 637
-
16 652
-
accident

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

398
-
216
-
unemployment

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

447
-
243
-
surtax
3 474
-
1 889
-
pensions

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

2 715
-
1 475
-
health

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

1 884
-
1 024
-
total
8 918
-
4 847
-
Corporate
-
21 500
-
-
surtax
-
86
-
-
income
-
4 300
-
-
total
-
4 386
-
-
Dividends
-
17 114
-
-
withholding

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

-
4 978
-
-
total
-
4 978
-
-
Income
21 500
21 500
21 500
21 500
Total tax
23 939
9 364
12 068
9 478
After tax
-2 439
12 136
9 432
12 022
Living cost
15 617
15 617
15 617
15 617
Free-cash
-18 056
-3 481
-6 185
-3 595

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-₴934
-₴6616
-₴3523
-₴3359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
3 106
pensions
-
-
-
6 085
other
-
-
-
21
unemployment
-
-
-
150
total
-
-
-
9 555
Employee
21 320
-
16 303
-
other
21
-
16
-
income
4 498
-
3 158
-
pensions
1 002
-
766
-
unemployment
331
-
253
-
total
5 852
-
4 193
-
Employer
21 320
-
16 303
-
accident
422
-
323
-
other
170
-
130
-
unemployment
1 173
-
897
-
pensions
5 031
-
3 848
-
total
6 796
-
5 198
-
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
-
3 741
-
-
total
-
3 741
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 648
6 966
9 391
9 555
After tax
8 852
14 534
12 109
11 945
Living cost
15 468
15 468
15 468
15 468
Free-cash
-6 616
-934
-3 359
-3 523

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴9749
-₴14810
-₴8858
-₴8639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
699
pensions
-
-
-
3 440
health
-
-
-
1 612
surtax
-
-
-
1 138
communal
-
-
-
-
total
-
-
-
7 082
Employee
32 436
-
19 064
-
health
1 444
-
907
-
surtax
1 988
-
1 157
-
income
3 133
-
733
-
pensions
2 594
-
1 630
-
total
9 159
-
4 427
-
Employer
32 436
-
19 064
-
accident
292
-
184
-
pensions
2 594
-
1 630
-
health
989
-
622
-
total
3 875
-
2 436
-
Corporate
-
21 500
-
-
surtax
-
226
-
-
communal
-
1 451
-
-
income
-
3 225
-
-
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
13 034
7 973
6 863
7 082
After tax
8 466
13 527
14 637
14 418
Living cost
23 276
23 276
23 276
23 276
Free-cash
-14 810
-9 749
-8 639
-8 858

Estimated living cost  is ₴23276 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₴3904
₴2541
₴2713
₴2177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
3 115
pensions
-
-
-
4 300
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 526
surtax
-
-
-
128
total
-
-
-
9 167
Employee
14 424
-
17 760
-
other
-
-
-
-
health
368
-
453
-
surtax
51
-
113
-
income
2 418
-
2 977
-
pensions
962
-
1 184
-
unemployment
1 004
-
1 236
-
total
4 803
-
5 963
-
Employer
14 424
-
17 760
-
other
-
-
-
-
unemployment
458
-
563
-
pensions
1 923
-
2 368
-
health
656
-
809
-
total
3 037
-
3 740
-
Corporate
4 039
21 500
-
-
income
1 050
5 590
-
-
total
1 050
5 590
-
-
Dividends
2 989
15 910
-
-
withholding
449
2 386
-
-
total
449
2 386
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 339
7 976
9 703
9 167
After tax
12 161
13 524
11 797
12 333
Living cost
9 620
9 620
9 620
9 620
Free-cash
2 541
3 904
2 177
2 713

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-₴238
-₴2260
₴156
-₴1050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
regional
-
-
-
324
national
-
-
-
3 824
social contributions
-
-
-
5 530
total
-
-
-
9 806
Employee
23 759
-
21 500
-
social contributions
8 012
-
7 249
-
regional
320
-
289
-
municipal
126
-
114
-
national
3 764
-
3 360
-
total
12 222
-
11 012
-
Employer
23 759
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
nationa
-
5 160
-
-
municipal
-
1 069
-
-
total
-
6 229
-
-
Dividends
-
15 271
-
-
withholding
-
3 971
-
-
total
-
3 971
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 222
10 200
11 012
9 806
After tax
9 278
11 300
10 488
11 694
Living cost
11 538
11 538
11 538
11 538
Free-cash
-2 260
-238
-1 050
156

Estimated living cost  is ₴11538 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
₴2162
-₴3410
-₴2170
-₴1730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
1 848
health
-
-
-
2 903
solidarity contribution
-
-
-
-
social contributions
-
-
-
6 278
total
-
-
-
11 029
Employee
18 589
-
16 045
-
social contributions
1 208
-
1 043
-
health
2 510
-
2 166
-
solidarity contribution
-
-
-
-
income
2 231
-
1 925
-
total
5 949
-
5 134
-
Employer
18 589
-
16 045
-
social contributions
4 647
-
4 011
-
health
1 673
-
1 444
-
total
6 320
-
5 455
-
Corporate
-
21 500
-
-
income
-
4 085
-
-
total
-
4 085
-
-
Dividends
-
17 415
-
-
withholding
-
2 612
-
-
total
-
2 612
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 269
6 697
10 589
11 029
After tax
9 231
14 803
10 911
10 471
Living cost
12 641
12 641
12 641
12 641
Free-cash
-3 410
2 162
-1 730
-2 170

Estimated living cost  is ₴12641 per week

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

Source of data for Prague model

Close
Graz , Austria
-₴1834
-₴3018
-₴1578
-₴5050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
86
income
-
-
-
1 077
pensions
-
-
-
3 978
unemployment
-
-
-
2 627
health
-
-
-
1 645
surtax
-
-
-
-
total
-
-
-
9 413
Employee
18 723
17 069
17 069
-
other
187
171
167
-
health
724
661
645
-
income
1 668
1 259
1 277
-
pensions
1 917
1 748
1 708
-
unemployment
562
512
500
-
total
5 058
4 351
4 297
-
Employer
18 723
17 069
17 069
-
accident
243
222
217
-
other
889
810
807
-
chamber of commerce
75
68
68
-
unemployment
562
512
500
-
surtax
-
-
-
-
pensions
2 350
2 143
2 092
-
payroll
562
512
512
-
health
708
645
630
-
total
5 389
4 912
4 826
-
Corporate
1 626
1 626
15 048
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

406
406
3 762
-
total
406
406
3 762
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 853
9 669
12 885
9 413
After tax
10 647
11 831
8 615
12 087
Living cost
13 665
13 665
13 665
13 665
Free-cash
-3 018
-1 834
-5 050
-1 578

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴14420
₴13294
₴15280
₴11195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 506
-
21 500
-
income
1 501
-
4 300
-
total
1 501
-
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%.

13 994
21 500
-
-
total
-
-
-
-
Dividends
13 994
21 500
-
-
withholding
700
1 075
-
-
total
700
1 075
-
-
Income
21 500
21 500
21 500
21 500
Total tax
2 201
1 075
4 300
215
After tax
19 299
20 425
17 200
21 285
Living cost
6 005
6 005
6 005
6 005
Free-cash
13 294
14 420
11 195
15 280

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴3315
-₴388
₴489
-₴192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 447
pensions
-
-
-
3 927
unemployment
-
-
-
33
health
-
-
-
2 116
total
-
-
-
9 523
Employee

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

18 940
-
18 603
-
health
1 223
-
1 202
-
income
3 266
-
3 195
-
pensions
2 936
-
2 884
-
unemployment
27
-
26
-
total
7 452
-
7 307
-
Employer

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

18 940
-
18 603
-
unemployment
11
-
11
-
pensions
1 676
-
1 647
-
health
1 261
-
1 239
-
total
2 948
-
2 897
-
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
10 400
6 697
10 204
9 523
After tax
11 100
14 803
11 296
11 977
Living cost
11 488
11 488
11 488
11 488
Free-cash
-388
3 315
-192
489

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-₴5415
-₴42415
-₴3638
-₴2635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
4 191
social contributions
-
-
-
2 451
total
-
-
-
6 642
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
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
45 419
8 419
5 639
6 642
After tax
-23 919
13 081
15 861
14 858
Living cost
18 496
18 496
18 496
18 496
Free-cash
-42 415
-5 415
-2 635
-3 638

Estimated living cost  is ₴18496 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
-₴1206
-₴2877
-₴907
-₴1410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
income
-
-
-
1 501
surtax
-
-
-
-
social contributions

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

-
-
-
7 471
total
-
-
-
8 972
Employee
19 699
-
17 373
-
social contributions
2 167
-
1 911
-
surtax
-
-
-
-
income
4 097
-
3 438
-
total
6 264
-
5 349
-
Employer
19 699
-
17 373
-
social contributions
4 678
-
4 126
-
total
4 678
-
4 126
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
4 515
-
-
total
-
4 515
-
-
Dividends
-
16 985
-
-
withholding
-
4 756
-
-
total
-
4 756
-
-
Income
21 500
21 500
21 500
21 500
Total tax
10 942
9 271
9 475
8 972
After tax
10 558
12 229
12 025
12 528
Living cost
13 435
13 435
13 435
13 435
Free-cash
-2 877
-1 206
-1 410
-907

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴9851
-₴13705
-₴7733
-₴7468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
808
pensions
-
-
-
6 273
other
-
-
-
666
health
-
-
-
186
surtax
-
-
-
-
social contributions
-
-
-
613
total
-
-
-
8 546
Employee
26 826
-
16 384
-
social contributions
764
-
467
-
surtax
-
-
-
-
income
2 341
-
846
-
pensions
3 034
-
1 853
-
total
6 139
-
3 166
-
Employer
26 826
-
16 384
-
other
926
-
565
-
social contributions
80
-
49
-
unemployment
1 087
-
663
-
pensions
4 408
-
2 691
-
health
1 878
-
1 147
-
total
8 379
-
5 115
-
Corporate
-
21 500
-
-
surtax
-
-
-
-
income
-
6 020
-
-
total
-
6 020
-
-
Dividends
-
15 480
-
-
surtax
-
-
-
-
social contributions
-
2 662
-
-
withholding
-
1 982
-
-
total
-
4 644
-
-
Income
21 500
21 500
21 500
21 500
Total tax
14 518
10 664
8 281
8 546
After tax
6 982
10 836
13 219
12 954
Living cost
20 687
20 687
20 687
20 687
Free-cash
-13 705
-9 851
-7 468
-7 733

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴6475
₴5037
₴3895
₴4530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
-
social contributions
-
-
-
4 730
total
-
-
-
4 730
Employee
13 770
-
18 615
-
income
-
-
-
-
social contributions
895
-
1 210
-
total
895
-
1 210
-
Employer
13 770
-
18 615
-
social contributions
2 134
-
2 885
-
total
2 134
-
2 885
-
Corporate
5 596
21 500
-
-
income
559
2 150
-
-
total
559
2 150
-
-
Dividends
5 037
19 350
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
3 588
2 150
4 095
4 730
After tax
17 912
19 350
17 405
16 770
Living cost
12 875
12 875
12 875
12 875
Free-cash
5 037
6 475
4 530
3 895

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴71861
-₴71861
-₴6481
-₴71861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 328
pensions
-
-
-
371
national
-
-
-
1 955
labour market
-
-
-
1 690
total
-
-
-
7 344
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
72 724
72 724
72 724
7 344
After tax
-51 224
-51 224
-51 224
14 156
Living cost
20 637
20 637
20 637
20 637
Free-cash
-71 861
-71 861
-71 861
-6 481

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴7486
₴326
₴5662
₴2126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
3 645
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 610
Employee
14 517
-
17 860
-
health
1 662
-
2 045
-
income
1 992
-
2 450
-
pensions
1 635
-
2 011
-
total
5 289
-
6 506
-
Employer
14 517
-
17 860
-
accident
242
-
298
-
unemployment
356
-
438
-
pensions
2 360
-
2 904
-
total
2 958
-
3 640
-
Corporate
4 025
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.

3 622
19 350
-
-
total
3 622
19 350
-
-
Dividends
402
2 150
-
-
withholding
77
408
-
-
total
77
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 946
19 758
10 146
6 610
After tax
9 554
1 742
11 354
14 890
Living cost
9 228
9 228
9 228
9 228
Free-cash
326
-7 486
2 126
5 662

Estimated living cost  is ₴9228 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-₴1566
-₴5286
₴638
-₴3050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
municipal
-
-
-
3 843
health
-
-
-
152
national
-
-
-
423
total
-
-
-
4 418
Employee
22 534
-
18 087
-
health
168
-
100
-
municipal
3 691
-
2 969
-
pensions
1 521
-
1 221
-
unemployment
338
-
271
-
national
372
-
132
-
total
6 090
-
4 693
-
Employer
22 534
-
18 087
-
accident
23
-
18
-
unemployment
146
-
118
-
pensions
3 910
-
3 138
-
health
173
-
139
-
total
4 252
-
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
10 342
6 622
8 106
4 418
After tax
11 158
14 878
13 394
17 082
Living cost
16 444
16 444
16 444
16 444
Free-cash
-5 286
-1 566
-3 050
638

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴1898
₴3613
₴7330
₴4199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
350
health
-
-
-
549
social contributions
-
-
-
3 354
total
-
-
-
4 253
Employee
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 620
-
health
255
560
332
-
income
3 586
3 049
3 451
-
total
5 086
6 342
5 403
-
Employer
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 620
-
health
277
610
361
-
total
1 522
3 343
1 981
-
Corporate
4 974
-
-
-
income
622
-
-
-
total
622
-
-
-
Dividends
4 353
-
-
-
withholding
740
-
-
-
total
740
-
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 970
9 685
7 384
4 253
After tax
13 530
11 815
14 116
17 247
Living cost
9 917
9 917
9 917
9 917
Free-cash
3 613
1 898
4 199
7 330

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴11004
₴8824
₴8671
₴6535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 742
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
6 029
Employee

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

9 831
-
19 492
-
health
836
-
1 656
-
income
672
-
1 479
-
pensions
1 474
-
2 924
-
unemployment
49
-
98
-
total
3 031
-
6 157
-
Employer

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

9 831
-
19 492
-
unemployment
49
-
98
-
pensions
541
-
1 072
-
health
423
-
838
-
total
1 013
-
2 008
-
Corporate
10 657
21 500
-
-
income
959
1 935
-
-
total
959
1 935
-
-
Dividends
9 698
19 565
-
-
withholding
873
1 761
-
-
total
873
1 761
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 876
3 696
8 165
6 029
After tax
15 624
17 804
13 335
15 471
Living cost
6 800
6 800
6 800
6 800
Free-cash
8 824
11 004
6 535
8 671

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴2756
₴424
₴167
₴331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
3 106
pensions
-
-
-
6 085
other
-
-
-
21
unemployment
-
-
-
150
total
-
-
-
9 555
Employee
15 837
-
16 303
-
other
15
-
16
-
income
3 053
-
3 158
-
pensions
745
-
766
-
unemployment
245
-
253
-
total
4 058
-
4 193
-
Employer
15 837
-
16 303
-
accident
314
-
323
-
other
127
-
130
-
unemployment
871
-
897
-
pensions
3 737
-
3 848
-
total
5 049
-
5 198
-
Corporate
614
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.

92
3 225
-
-
total
92
3 225
-
-
Dividends
522
18 275
-
-
withholding
99
3 741
-
-
total
99
3 741
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 298
6 966
9 391
9 555
After tax
12 202
14 534
12 109
11 945
Living cost
11 778
11 778
11 778
11 778
Free-cash
424
2 756
331
167

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴12246
₴12053
₴12118
₴12036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
6 740
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
8 212
Employee
1 782
-
20 540
-
health
89
-
213
-
income
345
-
6 695
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
7 335
-
Employer
1 782
-
20 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
19 317
21 500
-
-
income
4 250
4 730
-
-
total
4 250
4 730
-
-
Dividends
15 068
16 770
-
-
withholding
3 014
3 354
-
-
total
3 014
3 354
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 277
8 084
8 294
8 212
After tax
13 223
13 416
13 206
13 288
Living cost
1 170
1 170
1 170
1 170
Free-cash
12 053
12 246
12 036
12 118

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴8126
₴6018
₴3319
₴4244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 646
pensions
-
-
-
5 590
unemployment
-
-
-
323
health
-
-
-
2 214
total
-
-
-
10 773
Employee

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

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

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

11 170
-
18 236
-
health
575
-
939
-
income
1 540
-
2 955
-
pensions
1 564
-
2 553
-
unemployment
84
-
137
-
total
3 763
-
6 584
-
Employer

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

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

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

11 170
-
18 236
-
unemployment
84
-
137
-
pensions
1 340
-
2 188
-
health
575
-
939
-
total
1 999
-
3 264
-
Corporate
8 330
21 500
-
-
income
1 250
3 225
-
-
total
1 250
3 225
-
-
Dividends
7 081
18 275
-
-
withholding
1 062
2 741
-
-
total
1 062
2 741
-
-
Income
21 500
21 500
21 500
21 500
Total tax
8 074
5 966
9 848
10 773
After tax
13 426
15 534
11 652
10 727
Living cost
7 408
7 408
7 408
7 408
Free-cash
6 018
8 126
4 244
3 319

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴682
₴527
₴981
₴478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
income
-
-
-
1 501
surtax
-
-
-
-
social contributions

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

-
-
-
7 471
total
-
-
-
8 972
Employee
16 624
-
17 373
-
social contributions
1 829
-
1 911
-
surtax
-
-
-
-
income
3 248
-
3 438
-
total
5 077
-
5 349
-
Employer
16 624
-
17 373
-
social contributions
3 948
-
4 126
-
total
3 948
-
4 126
-
Corporate
928
21 500
-
-
surtax
-
-
-
-
income
195
4 515
-
-
total
195
4 515
-
-
Dividends
733
16 985
-
-
withholding
206
4 756
-
-
total
206
4 756
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 426
9 271
9 475
8 972
After tax
12 074
12 229
12 025
12 528
Living cost
11 547
11 547
11 547
11 547
Free-cash
527
682
478
981

Estimated living cost  is ₴11547 per week

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

Source of data for Porto model

Close
Madrid , Spain
-₴519
-₴5781
-₴3108
-₴2944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
3 106
pensions
-
-
-
6 085
other
-
-
-
21
unemployment
-
-
-
150
total
-
-
-
9 555
Employee
20 686
-
16 303
-
other
20
-
16
-
income
4 320
-
3 158
-
pensions
972
-
766
-
unemployment
320
-
253
-
total
5 632
-
4 193
-
Employer
20 686
-
16 303
-
accident
410
-
323
-
other
166
-
130
-
unemployment
1 138
-
897
-
pensions
4 882
-
3 848
-
total
6 596
-
5 198
-
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
-
3 741
-
-
total
-
3 741
-
-
Income
21 500
21 500
21 500
21 500
Total tax
12 228
6 966
9 391
9 555
After tax
9 272
14 534
12 109
11 945
Living cost
15 053
15 053
15 053
15 053
Free-cash
-5 781
-519
-2 944
-3 108

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴11010
₴8399
₴6905
₴7166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
3 225
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
7 223
Employee
9 762
-
18 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
1 856
-
pensions

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

857
-
1 314
-
total
2 389
-
4 024
-
Employer
9 762
-
18 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
9 822
21 500
-
-
income
982
2 150
-
-
total
982
2 150
-
-
Dividends
8 840
19 350
-
-
withholding
442
968
-
-
total
442
968
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 729
3 118
6 962
7 223
After tax
15 771
18 382
14 538
14 277
Living cost
7 372
7 372
7 372
7 372
Free-cash
8 399
11 010
7 166
6 905

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴5382
₴67
-₴94
₴134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
21 500
trade
-
-
-
228
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.

-
-
-
1 805
health

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

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

-
-
-
2 926
surtax

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

-
-
-
99
total
-
-
-
5 058
Employee

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

21 311
-
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.

2 926
-
2 926
-
surtax

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

97
-
99
-
income

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

1 752
-
1 805
-
total
4 775
-
4 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
189
21 500
-
-
surtax

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

2
177
-
-
income
28
3 225
-
-
trade
27
3 085
-
-
chamber of commerce
65
97
-
-
total
122
6 584
-
-
Dividends
67
14 915
-
-
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.

-
196
-
-
withholding
-
3 566
-
-
total
-
3 762
-
-
Income
21 500
21 500
21 500
21 500
Total tax
4 897
10 346
4 830
5 058
After tax
16 603
11 154
16 670
16 442
Living cost
16 536
16 536
16 536
16 536
Free-cash
67
-5 382
134
-94

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
-₴9348
-₴12004
-₴7320
-₴7320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
income
-
-
-
2 959
social contributions
-
-
-
1 462
total
-
-
-
4 421
Employee
33 504
-
21 500
-
income
6 322
-
2 959
-
social contributions
2 783
-
1 462
-
total
9 105
-
4 421
-
Employer
33 504
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
income
-
2 687
-
-
total
-
2 687
-
-
Dividends
-
18 813
-
-
withholding
-
3 762
-
-
total
-
3 762
-
-
Income
21 500
21 500
21 500
21 500
Total tax
9 105
6 449
4 421
4 421
After tax
12 395
15 051
17 079
17 079
Living cost
24 399
24 399
24 399
24 399
Free-cash
-12 004
-9 348
-7 320
-7 320

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-₴3669
-₴1397
-₴9101
-₴72
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
19 542
-
income
2 132
-
2 108
-
social contributions
1 969
-
1 958
-
total
4 101
-
4 066
-
Employer
19 648
-
19 542
-
social contributions
1 969
-
1 958
-
total
1 969
-
1 958
-
Corporate
-
21 500
-
-
income
-
7 525
-
-
total
-
7 525
-
-
Dividends
-
13 975
-
-
social contributions
1 279
2 096
-
-
total
1 279
2 096
-
-
Income
21 500
21 500
21 500
21 500
Total tax
7 349
9 621
6 024
15 053
After tax
14 151
11 879
15 476
6 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
-1 397
-3 669
-72
-9 101

Estimated living cost  is ₴15548 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴144
-₴3045
₴261
-₴1810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 057
pensions
-
-
-
1 217
total
-
-
-
5 274
Employee
21 914
-
19 283
-
health
286
-
232
-
income
3 991
-
3 539
-
pensions
1 673
-
1 357
-
total
5 950
-
5 128
-
Employer
21 914
-
19 283
-
pensions
2 214
-
1 851
-
health
416
-
366
-
total
2 630
-
2 217
-
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
8 580
5 391
7 345
5 274
After tax
12 920
16 109
14 155
16 226
Living cost
15 965
15 965
15 965
15 965
Free-cash
-3 045
144
-1 810
261

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴8400
₴185
₴4748
₴1212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
3 645
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 610
Employee
15 954
-
17 860
-
health
1 827
-
2 045
-
income
2 189
-
2 450
-
pensions
1 796
-
2 011
-
total
5 812
-
6 506
-
Employer
15 954
-
17 860
-
accident
266
-
298
-
unemployment
391
-
438
-
pensions
2 594
-
2 904
-
total
3 251
-
3 640
-
Corporate
2 295
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.

2 066
19 350
-
-
total
2 066
19 350
-
-
Dividends
229
2 150
-
-
withholding
44
408
-
-
total
44
408
-
-
Income
21 500
21 500
21 500
21 500
Total tax
11 173
19 758
10 146
6 610
After tax
10 327
1 742
11 354
14 890
Living cost
10 142
10 142
10 142
10 142
Free-cash
185
-8 400
1 212
4 748

Estimated living cost  is ₴10142 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴12490
₴10407
₴7073
₴7073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
108
health insurance
-
-
-
1 591
income
-
-
-
2 729
pensions
-
-
-
3 956
unemployment
-
-
-
258
total
-
-
-
8 642
Employee

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

9 257
-
21 500
-
work injury
46
-
108
-
income
926
-
2 729
-
pensions
1 703
-
3 956
-
health insurance
685
-
1 591
-
unemployment
111
-
258
-
total
3 471
-
8 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 243
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
12 243
21 500
-
-
withholding
1 837
3 225
-
-
total
1 837
3 225
-
-
Income
21 500
21 500
21 500
21 500
Total tax
5 308
3 225
8 642
8 642
After tax
16 192
18 275
12 858
12 858
Living cost
5 785
5 785
5 785
5 785
Free-cash
10 407
12 490
7 073
7 073

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₴5738
-₴14592
-₴5375
-₴6567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
21 500
municipal
-
-
-
144
regional
-
-
-
314
national
-
-
-
3 824
social contributions
-
-
-
5 530
total
-
-
-
9 812
Employee
36 092
-
21 500
-
social contributions
12 170
-
7 249
-
regional
545
-
267
-
municipal
215
-
128
-
national
6 099
-
3 360
-
total
19 029
-
11 004
-
Employer
36 092
-
21 500
-
total
-
-
-
-
Corporate
-
21 500
-
-
nationa
-
5 160
-
-
municipal
-
1 036
-
-
total
-
6 196
-
-
Dividends
-
15 304
-
-
withholding
-
3 979
-
-
total
-
3 979
-
-
Income
21 500
21 500
21 500
21 500
Total tax
19 029
10 175
11 004
9 812
After tax
2 471
11 325
10 496
11 688
Living cost
17 063
17 063
17 063
17 063
Free-cash
-14 592
-5 738
-6 567
-5 375

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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