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
₴ 22000
per

Your estimated
City
free-cash

Dresden , Germany
-₴1789
₴2949
₴3722
₴4050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
trade
-
-
-
328
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.

-
-
-
1 944
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.

-
-
-
107
total
-
-
-
5 305
Employee

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

16 382
-
22 000
-
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
-
107
-
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
-
1 944
-
total
3 409
-
4 977
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 618
22 000
-
-
surtax

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

46
181
-
-
income
843
3 300
-
-
trade
885
3 465
-
-
chamber of commerce
73
97
-
-
total
1 847
7 043
-
-
Dividends
3 770
14 957
-
-
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.

43
197
-
-
withholding
779
3 576
-
-
total
822
3 773
-
-
Income
22 000
22 000
22 000
22 000
Total tax
6 078
10 816
4 977
5 305
After tax
15 922
11 184
17 023
16 695
Living cost
12 973
12 973
12 973
12 973
Free-cash
2 949
-1 789
4 050
3 722

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
-₴7915
-₴14596
-₴7704
-₴7531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
municipal
-
-
-
2 033
pensions
-
-
-
2 640
national
-
-
-
3 151
social contributions
-
-
-
237
total
-
-
-
8 061
Employee
33 550
-
19 019
-
municipal
4 144
-
2 118
-
pensions
1 342
-
761
-
national
6 422
-
3 283
-
total
11 908
-
6 162
-
Employer
33 550
-
19 019
-
social contributions
361
-
204
-
pensions
2 684
-
1 522
-
total
3 045
-
1 726
-
Corporate
-
22 000
-
-
income

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

-
4 400
-
-
total
-
4 400
-
-
Dividends
-
17 600
-
-
withholding
-
3 872
-
-
total
-
3 872
-
-
Income
22 000
22 000
22 000
22 000
Total tax
14 953
8 272
7 888
8 061
After tax
7 047
13 728
14 112
13 939
Living cost
21 643
21 643
21 643
21 643
Free-cash
-14 596
-7 915
-7 531
-7 704

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
₴8689
₴5175
₴8441
₴3713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
microenterprise
-
-
-
3 300
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
-
-
-
4 648
Employee
12 515
-
17 729
-
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
-
1 950
-
surtax
-
-
-
-
income
2 228
-
3 156
-
total
3 605
-
5 106
-
Employer
12 515
-
17 729
-
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
-
4 270
-
surtax
-
-
-
-
total
3 015
-
4 270
-
Corporate
6 470
22 000
-
-
income

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

1 294
4 400
-
-
total
1 294
4 400
-
-
Dividends

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

5 176
17 600
-
-
total
-
-
-
-
Income
22 000
22 000
22 000
22 000
Total tax
7 914
4 400
9 376
4 648
After tax
14 086
17 600
12 624
17 352
Living cost
8 911
8 911
8 911
8 911
Free-cash
5 175
8 689
3 713
8 441

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
-₴18128
-₴20533
-₴5338
-₴20533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
2 058
pensions
-
-
-
3 960
health
-
-
-
3 377
total
-
-
-
9 395
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
22 000
22 000
22 000
22 000
Total tax
24 590
22 185
24 590
9 395
After tax
-2 590
-185
-2 590
12 605
Living cost
17 943
17 943
17 943
17 943
Free-cash
-20 533
-18 128
-20 533
-5 338

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
-₴4536
-₴8988
-₴5581
-₴4800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
municipal
-
-
-
4 660
accident
-
-
-
44
pensions
-
-
-
2 378
other
-
-
-
2 556
unemployment
-
-
-
22
health
-
-
-
1 373
national
-
-
-
-
total
-
-
-
11 033
Employee
23 580
-
16 740
-
municipal
7 032
-
4 992
-
national
-
-
-
-
total
7 032
-
4 992
-
Employer
23 580
-
16 740
-
accident
47
-
33
-
other
2 740
-
1 945
-
unemployment
622
-
442
-
pensions
2 549
-
1 810
-
health
1 450
-
1 030
-
total
7 408
-
5 260
-
Corporate
-
22 000
-
-
income
-
4 840
-
-
total
-
4 840
-
-
Dividends
-
17 160
-
-
withholding
-
5 148
-
-
total
-
5 148
-
-
Income
22 000
22 000
22 000
22 000
Total tax
14 440
9 988
10 252
11 033
After tax
7 560
12 012
11 748
10 967
Living cost
16 548
16 548
16 548
16 548
Free-cash
-8 988
-4 536
-4 800
-5 581

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
-₴5754
₴125
-₴146
₴197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
trade
-
-
-
343
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.

-
-
-
1 944
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.

-
-
-
107
total
-
-
-
5 320
Employee

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

21 721
-
22 000
-
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
-
107
-
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
-
1 944
-
total
4 894
-
4 977
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
279
22 000
-
-
surtax

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

2
181
-
-
income
42
3 300
-
-
trade
46
3 619
-
-
chamber of commerce
65
96
-
-
total
155
7 196
-
-
Dividends
123
14 804
-
-
surtax

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

-
194
-
-
withholding
-
3 538
-
-
total
-
3 732
-
-
Income
22 000
22 000
22 000
22 000
Total tax
5 049
10 928
4 977
5 320
After tax
16 951
11 072
17 023
16 680
Living cost
16 826
16 826
16 826
16 826
Free-cash
125
-5 754
197
-146

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
-₴1577
₴556
₴3683
₴647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
432
health
-
-
-
561
social contributions
-
-
-
3 432
total
-
-
-
4 425
Employee
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 657
-
health
328
560
340
-
income
3 458
3 049
3 437
-
total
5 386
6 342
5 434
-
Employer
32 935
32 935
32 935
-
social contributions
1 600
2 733
1 657
-
health
357
610
370
-
total
1 957
3 343
2 027
-
Corporate
764
-
-
-
income
95
-
-
-
total
95
-
-
-
Dividends
669
-
-
-
withholding
114
-
-
-
total
114
-
-
-
Income
22 000
22 000
22 000
22 000
Total tax
7 552
9 685
7 461
4 425
After tax
14 448
12 315
14 539
17 575
Living cost
13 892
13 892
13 892
13 892
Free-cash
556
-1 577
647
3 683

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
₴4687
₴4849
₴7457
₴4970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
2 690
pensions
-
-
-
2 200
unemployment
-
-
-
330
health
-
-
-
1 540
total
-
-
-
6 760
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
18 410
-
health
786
313
1 289
-
income
1 373
547
2 251
-
pensions
1 123
447
1 841
-
unemployment
169
67
276
-
total
3 451
1 374
5 657
-
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
18 410
-
pensions
2 191
872
3 590
-
total
2 191
872
3 590
-
Corporate
8 575
16 657
-
-
income
772
1 499
-
-
total
772
1 499
-
-
Dividends
7 803
15 158
-
-
social contributions
1 471
2 905
-
-
withholding
1 483
2 880
-
-
total
2 954
5 785
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 368
9 530
9 247
6 760
After tax
12 632
12 470
12 753
15 240
Living cost
7 783
7 783
7 783
7 783
Free-cash
4 849
4 687
4 970
7 457

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
₴7255
₴4595
₴2084
₴2849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
2 310
pensions
-
-
-
4 401
health
-
-
-
2 860
total
-
-
-
9 571
Employee
12 151
-
16 442
-
income
1 368
-
2 655
-
pensions
243
-
329
-
unemployment
194
-
263
-
total
1 805
-
3 247
-
Employer
12 151
-
16 442
-
unemployment
98
-
132
-
pensions
2 430
-
3 289
-
health
1 579
-
2 138
-
total
4 107
-
5 559
-
Corporate
5 742
22 000
-
-
income
1 148
4 400
-
-
total
1 148
4 400
-
-
Dividends
4 594
17 600
-
-
total
-
-
-
-
Income
22 000
22 000
22 000
22 000
Total tax
7 060
4 400
8 806
9 571
After tax
14 940
17 600
13 194
12 429
Living cost
10 345
10 345
10 345
10 345
Free-cash
4 595
7 255
2 849
2 084

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
-₴7584
₴346
₴5865
₴2251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
accident
-
-
-
108
income
-
-
-
3 804
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 769
Employee
14 734
-
18 275
-
health
1 687
-
2 093
-
income
2 021
-
2 507
-
pensions
1 659
-
2 058
-
total
5 367
-
6 658
-
Employer
14 734
-
18 275
-
accident
246
-
305
-
unemployment
361
-
448
-
pensions
2 396
-
2 972
-
total
3 003
-
3 725
-
Corporate
4 263
22 000
-
-
income

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

3 837
19 800
-
-
total
3 837
19 800
-
-
Dividends
426
2 200
-
-
withholding
81
418
-
-
total
81
418
-
-
Income
22 000
22 000
22 000
22 000
Total tax
12 288
20 218
10 383
6 769
After tax
9 712
1 782
11 617
15 231
Living cost
9 366
9 366
9 366
9 366
Free-cash
346
-7 584
2 251
5 865

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
₴17047
₴16325
₴17927
₴13747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
22 000
microenterprise

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

-
-
-
220
total
-
-
-
220
Employee
4 817
-
22 000
-
income
963
-
4 400
-
total
963
-
4 400
-
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%.

17 183
22 000
-
-
total
-
-
-
-
Dividends
17 183
22 000
-
-
withholding
859
1 100
-
-
total
859
1 100
-
-
Income
22 000
22 000
22 000
22 000
Total tax
1 822
1 100
4 400
220
After tax
20 178
20 900
17 600
21 780
Living cost
3 853
3 853
3 853
3 853
Free-cash
16 325
17 047
13 747
17 927

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
₴4750
₴1859
₴500
₴1481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
2 794
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.

-
-
-
5 280
other
-
-
-
1 045
health
-
-
-
968
total
-
-
-
10 087
Employee
15 552
-
17 571
-
health
218
-
246
-
income
2 677
-
3 024
-
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
-
1 231
-
unemployment
155
-
176
-
total
4 138
-
4 677
-
Employer
15 552
-
17 571
-
accident
124
-
141
-
other
778
-
879
-
unemployment
155
-
176
-
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
-
2 987
-
health
218
-
246
-
total
3 919
-
4 429
-
Corporate
2 529
22 000
-
-
income
531
4 620
-
-
total
531
4 620
-
-
Dividends
1 998
17 380
-
-
withholding
140
1 217
-
-
total
140
1 217
-
-
Income
22 000
22 000
22 000
22 000
Total tax
8 728
5 837
9 106
10 087
After tax
13 272
16 163
12 894
11 913
Living cost
11 413
11 413
11 413
11 413
Free-cash
1 859
4 750
1 481
500

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
-₴12262
-₴24243
-₴12156
-₴14291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
4 148
pensions
-
-
-
1 263
total
-
-
-
5 411
Employee
40 669
-
19 715
-
health
670
-
240
-
income
7 331
-
3 613
-
pensions
3 923
-
1 408
-
total
11 924
-
5 261
-
Employer
40 669
-
19 715
-
pensions
4 802
-
1 910
-
health
772
-
375
-
total
5 574
-
2 285
-
Corporate
-
22 000
-
-
income

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

-
4 180
-
-
total
-
4 180
-
-
Dividends
-
17 820
-
-
withholding
-
1 337
-
-
total
-
1 337
-
-
Income
22 000
22 000
22 000
22 000
Total tax
17 498
5 517
7 546
5 411
After tax
4 502
16 483
14 454
16 589
Living cost
28 745
28 745
28 745
28 745
Free-cash
-24 243
-12 262
-14 291
-12 156

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
₴13191
₴11200
₴9083
₴9369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
3 300
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
-
-
-
7 298
Employee
7 440
-
19 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
1 906
-
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
-
4 074
-
Employer
7 440
-
19 063
-
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
13 100
22 000
-
-
income
1 310
2 200
-
-
total
1 310
2 200
-
-
Dividends
11 790
19 800
-
-
withholding
590
990
-
-
total
590
990
-
-
Income
22 000
22 000
22 000
22 000
Total tax
5 181
3 190
7 012
7 298
After tax
16 819
18 810
14 988
14 702
Living cost
5 619
5 619
5 619
5 619
Free-cash
11 200
13 191
9 369
9 083

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
-₴23936
-₴24663
-₴11146
-₴26341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
2 058
pensions
-
-
-
3 960
health
-
-
-
3 377
total
-
-
-
9 395
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
22 000
22 000
22 000
22 000
Total tax
22 912
22 185
24 590
9 395
After tax
-912
-185
-2 590
12 605
Living cost
23 751
23 751
23 751
23 751
Free-cash
-24 663
-23 936
-26 341
-11 146

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
₴4889
₴1229
₴457
₴907
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
1 891
health
-
-
-
2 970
solidarity contribution
-
-
-
-
social contributions
-
-
-
6 424
total
-
-
-
11 285
Employee
15 086
-
16 418
-
social contributions
981
-
1 067
-
health
2 037
-
2 216
-
solidarity contribution
-
-
-
-
income
1 810
-
1 970
-
total
4 828
-
5 253
-
Employer
15 086
-
16 418
-
social contributions
3 771
-
4 104
-
health
1 358
-
1 478
-
total
5 129
-
5 582
-
Corporate
1 785
22 000
-
-
income
339
4 180
-
-
total
339
4 180
-
-
Dividends
1 446
17 820
-
-
withholding
217
2 673
-
-
total
217
2 673
-
-
Income
22 000
22 000
22 000
22 000
Total tax
10 513
6 853
10 835
11 285
After tax
11 487
15 147
11 165
10 715
Living cost
10 258
10 258
10 258
10 258
Free-cash
1 229
4 889
907
457

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
-₴6335
-₴16066
-₴6003
-₴7245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
municipal
-
-
-
131
regional
-
-
-
216
national
-
-
-
3 924
social contributions
-
-
-
5 659
total
-
-
-
9 930
Employee
38 066
-
22 000
-
social contributions
12 836
-
7 418
-
regional
359
-
187
-
municipal
202
-
117
-
national
6 596
-
3 450
-
total
19 993
-
11 172
-
Employer
38 066
-
22 000
-
total
-
-
-
-
Corporate
-
22 000
-
-
nationa
-
5 280
-
-
municipal
-
858
-
-
total
-
6 138
-
-
Dividends
-
15 862
-
-
withholding
-
4 124
-
-
total
-
4 124
-
-
Income
22 000
22 000
22 000
22 000
Total tax
19 993
10 262
11 172
9 930
After tax
2 007
11 738
10 828
12 070
Living cost
18 073
18 073
18 073
18 073
Free-cash
-16 066
-6 335
-7 245
-6 003

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
₴4387
₴3054
₴3165
₴2618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
3 188
pensions
-
-
-
4 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 562
surtax
-
-
-
136
total
-
-
-
9 384
Employee
14 164
-
18 173
-
other
-
-
-
-
health
362
-
463
-
surtax
46
-
120
-
income
2 374
-
3 046
-
pensions
944
-
1 212
-
unemployment
986
-
1 265
-
total
4 712
-
6 106
-
Employer
14 164
-
18 173
-
other
-
-
-
-
unemployment
449
-
576
-
pensions
1 888
-
2 422
-
health
645
-
827
-
total
2 982
-
3 825
-
Corporate
4 855
22 000
-
-
income
1 262
5 720
-
-
total
1 262
5 720
-
-
Dividends
3 592
16 280
-
-
withholding
539
2 442
-
-
total
539
2 442
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 495
8 162
9 931
9 384
After tax
12 505
13 838
12 069
12 616
Living cost
9 451
9 451
9 451
9 451
Free-cash
3 054
4 387
2 618
3 165

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
-₴3155
-₴8724
-₴3049
-₴5184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
4 148
pensions
-
-
-
1 263
total
-
-
-
5 411
Employee
27 256
-
19 715
-
health
396
-
240
-
income
4 909
-
3 613
-
pensions
2 313
-
1 408
-
total
7 618
-
5 261
-
Employer
27 256
-
19 715
-
pensions
2 950
-
1 910
-
health
518
-
375
-
total
3 468
-
2 285
-
Corporate
-
22 000
-
-
income

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

-
4 180
-
-
total
-
4 180
-
-
Dividends
-
17 820
-
-
withholding
-
1 337
-
-
total
-
1 337
-
-
Income
22 000
22 000
22 000
22 000
Total tax
11 086
5 517
7 546
5 411
After tax
10 914
16 483
14 454
16 589
Living cost
19 638
19 638
19 638
19 638
Free-cash
-8 724
-3 155
-5 184
-3 049

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
-₴22312
-₴19493
-₴13667
-₴14840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
city
-
-
-
231
pensions
-
-
-
2 024
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.

-
-
-
440
regional
-
-
-
437
health
-
-
-
106
national
-
-
-
57
total
-
-
-
3 295
Employee
37 883
-
19 665
-
city
407
-
211
-
regional
1 240
-
369
-
health
86
-
44
-
pensions
3 183
-
1 682
-
unemployment
-
-
-
-
national
179
-
43
-
total
5 095
-
2 349
-
Employer
37 883
-
19 665
-
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
-
393
-
unemployment
-
-
-
-
pensions
3 183
-
1 682
-
health
86
-
44
-
total
4 026
-
2 119
-
Corporate
-
22 000
-
-
regional
-
4 653
-
-
national
-
1 870
-
-
total
-
6 523
-
-
Dividends
-
15 477
-
-
withholding
-
5 417
-
-
total
-
5 417
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 121
11 940
4 468
3 295
After tax
12 879
10 060
17 532
18 705
Living cost
32 372
32 372
32 372
32 372
Free-cash
-19 493
-22 312
-14 840
-13 667

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
-₴8664
-₴3741
-₴2956
-₴2598
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
trade
-
-
-
358
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.

-
-
-
1 944
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.

-
-
-
107
total
-
-
-
5 335
Employee

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

25 741
-
22 000
-
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
-
107
-
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
-
1 944
-
total
6 120
-
4 977
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 000
-
-
surtax

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

-
181
-
-
income
-
3 300
-
-
trade
-
3 773
-
-
chamber of commerce
-
96
-
-
total
-
7 350
-
-
Dividends
-
14 650
-
-
surtax

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

-
193
-
-
withholding
-
3 500
-
-
total
-
3 693
-
-
Income
22 000
22 000
22 000
22 000
Total tax
6 120
11 043
4 977
5 335
After tax
15 880
10 957
17 023
16 665
Living cost
19 621
19 621
19 621
19 621
Free-cash
-3 741
-8 664
-2 598
-2 956

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
-₴3566
-₴2055
-₴1412
-₴1154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
855
pensions
-
-
-
6 403
other
-
-
-
682
health
-
-
-
191
surtax
-
-
-
-
social contributions
-
-
-
627
total
-
-
-
8 758
Employee
18 331
-
16 763
-
social contributions
523
-
477
-
surtax
-
-
-
-
income
1 082
-
892
-
pensions
2 073
-
1 895
-
total
3 678
-
3 264
-
Employer
18 331
-
16 763
-
other
632
-
579
-
social contributions
55
-
50
-
unemployment
742
-
679
-
pensions
3 011
-
2 754
-
health
1 283
-
1 174
-
total
5 723
-
5 236
-
Corporate
-
22 000
-
-
surtax
-
-
-
-
income
-
6 160
-
-
total
-
6 160
-
-
Dividends
-
15 840
-
-
surtax
-
-
-
-
social contributions
-
2 725
-
-
withholding
-
2 027
-
-
total
-
4 752
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 401
10 912
8 500
8 758
After tax
12 599
11 088
13 500
13 242
Living cost
14 654
14 654
14 654
14 654
Free-cash
-2 055
-3 566
-1 154
-1 412

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
-₴2114
₴265
₴40
₴298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
855
pensions
-
-
-
6 403
other
-
-
-
682
health
-
-
-
191
surtax
-
-
-
-
social contributions
-
-
-
627
total
-
-
-
8 758
Employee
16 363
-
16 763
-
social contributions
467
-
477
-
surtax
-
-
-
-
income
844
-
892
-
pensions
1 851
-
1 895
-
total
3 162
-
3 264
-
Employer
16 363
-
16 763
-
other
565
-
579
-
social contributions
49
-
50
-
unemployment
662
-
679
-
pensions
2 689
-
2 754
-
health
1 145
-
1 174
-
total
5 110
-
5 236
-
Corporate
527
22 000
-
-
surtax
-
-
-
-
income
147
6 160
-
-
total
147
6 160
-
-
Dividends
380
15 840
-
-
surtax
-
-
-
-
social contributions
65
2 725
-
-
withholding
49
2 027
-
-
total
114
4 752
-
-
Income
22 000
22 000
22 000
22 000
Total tax
8 533
10 912
8 500
8 758
After tax
13 467
11 088
13 500
13 242
Living cost
13 202
13 202
13 202
13 202
Free-cash
265
-2 114
298
40

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
₴4339
₴4562
₴5047
₴4205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
3 300
health
-
-
-
1 535
social contributions
-
-
-
3 036
total
-
-
-
7 871
Employee
14 522
-
22 000
-
social contributions
2 004
-
3 036
-
health
1 014
-
1 535
-
income
2 422
-
4 142
-
total
5 440
-
8 713
-
Employer
14 522
-
22 000
-
total
-
-
-
-
Corporate
7 478
22 000
-
-
income

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

374
1 100
-
-
total
374
1 100
-
-
Dividends
7 104
20 900
-
-
health
496
1 459
-
-
social contributions
980
2 885
-
-
withholding
1 066
3 135
-
-
total
2 542
7 479
-
-
Income
22 000
22 000
22 000
22 000
Total tax
8 356
8 579
8 713
7 871
After tax
13 644
13 421
13 287
14 129
Living cost
9 082
9 082
9 082
9 082
Free-cash
4 562
4 339
4 205
5 047

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
-₴2846
-₴6055
-₴2815
-₴6265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
chamber of commerce
-
-
-
88
income
-
-
-
1 170
pensions
-
-
-
4 070
unemployment
-
-
-
2 627
health
-
-
-
1 683
surtax
-
-
-
85
total
-
-
-
9 723
Employee
21 405
17 069
17 069
-
other
214
171
170
-
health
828
661
658
-
income
2 437
1 259
1 261
-
pensions
2 192
1 748
1 743
-
unemployment
642
512
510
-
total
6 313
4 351
4 342
-
Employer
21 405
17 069
17 069
-
accident
278
222
221
-
other
1 017
810
810
-
chamber of commerce
85
68
68
-
unemployment
642
512
510
-
surtax
85
85
85
-
pensions
2 686
2 143
2 135
-
payroll
642
512
512
-
health
809
645
643
-
total
6 244
4 997
4 984
-
Corporate
1 626
1 626
15 389
-
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
3 847
-
total
406
406
3 847
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 000
22 000
22 000
22 000
Total tax
12 963
9 754
13 173
9 723
After tax
9 037
12 246
8 827
12 277
Living cost
15 092
15 092
15 092
15 092
Free-cash
-6 055
-2 846
-6 265
-2 815

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
-₴3203
-₴17556
-₴3402
-₴6004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
national
-
-
-
6 296
communal

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

-
-
-
1 182
social contributions
-
-
-
2 307
total
-
-
-
9 785
Employee

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

30 637
-
17 039
-
communal

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

1 598
-
888
-
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
-
801
-
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
-
1 278
-
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
-
148
-
national
9 419
-
4 310
-
total
15 021
-
7 425
-
Employer

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

30 637
-
17 039
-
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
-
222
-
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
-
249
-
surtax
3 474
-
1 933
-
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
-
1 509
-
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
-
1 049
-
total
8 918
-
4 962
-
Corporate
-
22 000
-
-
surtax
-
88
-
-
income
-
4 400
-
-
total
-
4 488
-
-
Dividends
-
17 513
-
-
withholding

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

-
5 098
-
-
total
-
5 098
-
-
Income
22 000
22 000
22 000
22 000
Total tax
23 939
9 586
12 387
9 785
After tax
-1 939
12 414
9 613
12 215
Living cost
15 617
15 617
15 617
15 617
Free-cash
-17 556
-3 203
-6 004
-3 402

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
-₴597
-₴6116
-₴3258
-₴3088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
accident
-
-
-
198
income
-
-
-
3 190
pensions
-
-
-
6 226
other
-
-
-
22
unemployment
-
-
-
154
total
-
-
-
9 790
Employee
21 320
-
16 682
-
other
21
-
17
-
income
4 498
-
3 243
-
pensions
1 002
-
784
-
unemployment
331
-
258
-
total
5 852
-
4 302
-
Employer
21 320
-
16 682
-
accident
422
-
330
-
other
170
-
133
-
unemployment
1 173
-
918
-
pensions
5 031
-
3 937
-
total
6 796
-
5 318
-
Corporate
-
22 000
-
-
income

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

-
3 300
-
-
total
-
3 300
-
-
Dividends
-
18 700
-
-
withholding
-
3 829
-
-
total
-
3 829
-
-
Income
22 000
22 000
22 000
22 000
Total tax
12 648
7 129
9 620
9 790
After tax
9 352
14 871
12 380
12 210
Living cost
15 468
15 468
15 468
15 468
Free-cash
-6 116
-597
-3 088
-3 258

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
-₴9433
-₴14310
-₴8553
-₴8238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
accident
-
-
-
198
income
-
-
-
745
pensions
-
-
-
3 520
health
-
-
-
1 650
surtax
-
-
-
1 164
communal
-
-
-
-
total
-
-
-
7 277
Employee
32 436
-
19 564
-
health
1 444
-
907
-
surtax
1 988
-
1 192
-
income
3 133
-
797
-
pensions
2 594
-
1 630
-
total
9 159
-
4 526
-
Employer
32 436
-
19 564
-
accident
292
-
184
-
pensions
2 594
-
1 630
-
health
989
-
622
-
total
3 875
-
2 436
-
Corporate
-
22 000
-
-
surtax
-
231
-
-
communal
-
1 485
-
-
income
-
3 300
-
-
total
-
5 016
-
-
Dividends
-
16 984
-
-
income
-
594
-
-
withholding
-
2 547
-
-
total
-
3 141
-
-
Income
22 000
22 000
22 000
22 000
Total tax
13 034
8 157
6 962
7 277
After tax
8 966
13 843
15 038
14 723
Living cost
23 276
23 276
23 276
23 276
Free-cash
-14 310
-9 433
-8 238
-8 553

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
₴4218
₴2856
₴2996
₴2449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
3 188
pensions
-
-
-
4 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 562
surtax
-
-
-
136
total
-
-
-
9 384
Employee
14 424
-
18 173
-
other
-
-
-
-
health
368
-
463
-
surtax
51
-
120
-
income
2 418
-
3 046
-
pensions
962
-
1 212
-
unemployment
1 004
-
1 265
-
total
4 803
-
6 106
-
Employer
14 424
-
18 173
-
other
-
-
-
-
unemployment
458
-
576
-
pensions
1 923
-
2 422
-
health
656
-
827
-
total
3 037
-
3 825
-
Corporate
4 539
22 000
-
-
income
1 180
5 720
-
-
total
1 180
5 720
-
-
Dividends
3 359
16 280
-
-
withholding
504
2 442
-
-
total
504
2 442
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 524
8 162
9 931
9 384
After tax
12 476
13 838
12 069
12 616
Living cost
9 620
9 620
9 620
9 620
Free-cash
2 856
4 218
2 449
2 996

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
₴26
-₴1760
₴416
-₴819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
municipal
-
-
-
131
regional
-
-
-
332
national
-
-
-
3 924
social contributions
-
-
-
5 659
total
-
-
-
10 046
Employee
23 759
-
22 000
-
social contributions
8 012
-
7 418
-
regional
320
-
296
-
municipal
126
-
117
-
national
3 764
-
3 450
-
total
12 222
-
11 281
-
Employer
23 759
-
22 000
-
total
-
-
-
-
Corporate
-
22 000
-
-
nationa
-
5 280
-
-
municipal
-
1 093
-
-
total
-
6 373
-
-
Dividends
-
15 627
-
-
withholding
-
4 063
-
-
total
-
4 063
-
-
Income
22 000
22 000
22 000
22 000
Total tax
12 222
10 436
11 281
10 046
After tax
9 778
11 564
10 719
11 954
Living cost
11 538
11 538
11 538
11 538
Free-cash
-1 760
26
-819
416

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
₴2506
-₴2910
-₴1926
-₴1476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
1 891
health
-
-
-
2 970
solidarity contribution
-
-
-
-
social contributions
-
-
-
6 424
total
-
-
-
11 285
Employee
18 589
-
16 418
-
social contributions
1 208
-
1 067
-
health
2 510
-
2 216
-
solidarity contribution
-
-
-
-
income
2 231
-
1 970
-
total
5 949
-
5 253
-
Employer
18 589
-
16 418
-
social contributions
4 647
-
4 104
-
health
1 673
-
1 478
-
total
6 320
-
5 582
-
Corporate
-
22 000
-
-
income
-
4 180
-
-
total
-
4 180
-
-
Dividends
-
17 820
-
-
withholding
-
2 673
-
-
total
-
2 673
-
-
Income
22 000
22 000
22 000
22 000
Total tax
12 269
6 853
10 835
11 285
After tax
9 731
15 147
11 165
10 715
Living cost
12 641
12 641
12 641
12 641
Free-cash
-2 910
2 506
-1 476
-1 926

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
-₴1334
-₴2518
-₴1303
-₴4799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
chamber of commerce
-
-
-
88
income
-
-
-
1 170
pensions
-
-
-
4 070
unemployment
-
-
-
2 627
health
-
-
-
1 683
surtax
-
-
-
-
total
-
-
-
9 638
Employee
18 723
17 069
17 082
-
other
187
171
171
-
health
724
661
661
-
income
1 668
1 259
1 262
-
pensions
1 917
1 748
1 749
-
unemployment
562
512
512
-
total
5 058
4 351
4 355
-
Employer
18 723
17 069
17 082
-
accident
243
222
222
-
other
889
810
812
-
chamber of commerce
75
68
68
-
unemployment
562
512
512
-
surtax
-
-
-
-
pensions
2 350
2 143
2 143
-
payroll
562
512
512
-
health
708
645
645
-
total
5 389
4 912
4 914
-
Corporate
1 626
1 626
15 459
-
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
3 865
-
total
406
406
3 865
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 000
22 000
22 000
22 000
Total tax
10 853
9 669
13 134
9 638
After tax
11 147
12 331
8 866
12 362
Living cost
13 665
13 665
13 665
13 665
Free-cash
-2 518
-1 334
-4 799
-1 303

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
₴14895
₴13769
₴15775
₴11595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
22 000
microenterprise

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

-
-
-
220
total
-
-
-
220
Employee
7 506
-
22 000
-
income
1 501
-
4 400
-
total
1 501
-
4 400
-
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%.

14 494
22 000
-
-
total
-
-
-
-
Dividends
14 494
22 000
-
-
withholding
725
1 100
-
-
total
725
1 100
-
-
Income
22 000
22 000
22 000
22 000
Total tax
2 226
1 100
4 400
220
After tax
19 774
20 900
17 600
21 780
Living cost
6 005
6 005
6 005
6 005
Free-cash
13 769
14 895
11 595
15 775

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
₴3659
₴77
₴752
₴55
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
income
-
-
-
3 544
pensions
-
-
-
4 018
unemployment
-
-
-
33
health
-
-
-
2 165
total
-
-
-
9 760
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
-
19 037
-
health
1 223
-
1 230
-
income
3 266
-
3 287
-
pensions
2 936
-
2 950
-
unemployment
27
-
27
-
total
7 452
-
7 494
-
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
-
19 037
-
unemployment
11
-
11
-
pensions
1 676
-
1 685
-
health
1 261
-
1 267
-
total
2 948
-
2 963
-
Corporate
111
22 000
-
-
income
21
4 180
-
-
total
21
4 180
-
-
Dividends
90
17 820
-
-
withholding
14
2 673
-
-
total
14
2 673
-
-
Income
22 000
22 000
22 000
22 000
Total tax
10 435
6 853
10 457
9 760
After tax
11 565
15 147
11 543
12 240
Living cost
11 488
11 488
11 488
11 488
Free-cash
77
3 659
55
752

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
-₴5111
-₴41915
-₴3292
-₴2135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
4 288
social contributions
-
-
-
2 508
total
-
-
-
6 796
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
-
22 000
-
-
income
-
4 840
-
-
total
-
4 840
-
-
Dividends
-
17 160
-
-
income
-
3 775
-
-
total
-
3 775
-
-
Income
22 000
22 000
22 000
22 000
Total tax
45 419
8 615
5 639
6 796
After tax
-23 419
13 385
16 361
15 204
Living cost
18 496
18 496
18 496
18 496
Free-cash
-41 915
-5 111
-2 135
-3 292

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
-₴921
-₴2377
-₴635
-₴1155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
income
-
-
-
1 555
surtax
-
-
-
-
social contributions

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

-
-
-
7 645
total
-
-
-
9 200
Employee
19 699
-
17 777
-
social contributions
2 167
-
1 956
-
surtax
-
-
-
-
income
4 097
-
3 541
-
total
6 264
-
5 497
-
Employer
19 699
-
17 777
-
social contributions
4 678
-
4 223
-
total
4 678
-
4 223
-
Corporate
-
22 000
-
-
surtax
-
-
-
-
income
-
4 620
-
-
total
-
4 620
-
-
Dividends
-
17 380
-
-
withholding
-
4 866
-
-
total
-
4 866
-
-
Income
22 000
22 000
22 000
22 000
Total tax
10 942
9 486
9 720
9 200
After tax
11 058
12 514
12 280
12 800
Living cost
13 435
13 435
13 435
13 435
Free-cash
-2 377
-921
-1 155
-635

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
-₴9599
-₴13205
-₴7445
-₴7187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
855
pensions
-
-
-
6 403
other
-
-
-
682
health
-
-
-
191
surtax
-
-
-
-
social contributions
-
-
-
627
total
-
-
-
8 758
Employee
26 826
-
16 763
-
social contributions
764
-
477
-
surtax
-
-
-
-
income
2 341
-
892
-
pensions
3 034
-
1 895
-
total
6 139
-
3 264
-
Employer
26 826
-
16 763
-
other
926
-
579
-
social contributions
80
-
50
-
unemployment
1 087
-
679
-
pensions
4 408
-
2 754
-
health
1 878
-
1 174
-
total
8 379
-
5 236
-
Corporate
-
22 000
-
-
surtax
-
-
-
-
income
-
6 160
-
-
total
-
6 160
-
-
Dividends
-
15 840
-
-
surtax
-
-
-
-
social contributions
-
2 725
-
-
withholding
-
2 027
-
-
total
-
4 752
-
-
Income
22 000
22 000
22 000
22 000
Total tax
14 518
10 912
8 500
8 758
After tax
7 482
11 088
13 500
13 242
Living cost
20 687
20 687
20 687
20 687
Free-cash
-13 205
-9 599
-7 187
-7 445

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
₴6925
₴5486
₴4285
₴4935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
-
social contributions
-
-
-
4 840
total
-
-
-
4 840
Employee
13 770
-
19 048
-
income
-
-
-
-
social contributions
895
-
1 238
-
total
895
-
1 238
-
Employer
13 770
-
19 048
-
social contributions
2 134
-
2 952
-
total
2 134
-
2 952
-
Corporate
6 096
22 000
-
-
income
610
2 200
-
-
total
610
2 200
-
-
Dividends
5 486
19 800
-
-
total
-
-
-
-
Income
22 000
22 000
22 000
22 000
Total tax
3 639
2 200
4 190
4 840
After tax
18 361
19 800
17 810
17 160
Living cost
12 875
12 875
12 875
12 875
Free-cash
5 486
6 925
4 935
4 285

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
-₴71361
-₴71361
-₴6187
-₴71361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
municipal
-
-
-
3 434
pensions
-
-
-
371
national
-
-
-
2 015
labour market
-
-
-
1 730
total
-
-
-
7 550
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
22 000
22 000
22 000
22 000
Total tax
72 724
72 724
72 724
7 550
After tax
-50 724
-50 724
-50 724
14 450
Living cost
20 637
20 637
20 637
20 637
Free-cash
-71 361
-71 361
-71 361
-6 187

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
-₴7446
₴367
₴6003
₴2389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
accident
-
-
-
108
income
-
-
-
3 804
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 769
Employee
14 517
-
18 275
-
health
1 662
-
2 093
-
income
1 992
-
2 507
-
pensions
1 635
-
2 058
-
total
5 289
-
6 658
-
Employer
14 517
-
18 275
-
accident
242
-
305
-
unemployment
356
-
448
-
pensions
2 360
-
2 972
-
total
2 958
-
3 725
-
Corporate
4 525
22 000
-
-
income

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

4 072
19 800
-
-
total
4 072
19 800
-
-
Dividends
453
2 200
-
-
withholding
86
418
-
-
total
86
418
-
-
Income
22 000
22 000
22 000
22 000
Total tax
12 405
20 218
10 383
6 769
After tax
9 595
1 782
11 617
15 231
Living cost
9 228
9 228
9 228
9 228
Free-cash
367
-7 446
2 389
6 003

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
-₴1220
-₴4786
₴969
-₴2760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
22 000
municipal
-
-
-
3 932
health
-
-
-
160
national
-
-
-
495
total
-
-
-
4 587
Employee
22 534
-
18 507
-
health
168
-
106
-
municipal
3 691
-
3 037
-
pensions
1 521
-
1 249
-
unemployment
338
-
278
-
national
372
-
154
-
total
6 090
-
4 824
-
Employer
22 534
-
18 507
-
accident
23
-
19
-
unemployment
146
-
120
-
pensions
3 910
-
3 211
-
health
173
-
142
-
total
4 252
-
3 492
-
Corporate
-
22 000
-
-
income
-
4 400
-
-
total
-
4 400
-
-
Dividends

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

-
13 200
-
-
national
-
-
-
-
municipal
-
2 376
-
-
total
-
2 376
-
-
Income
22 000
22 000
22 000
22 000
Total tax
10 342
6 776
8 316
4 587
After tax
11 658
15 224
13 684
17 413
Living cost
16 444
16 444
16 444
16 444
Free-cash
-4 786
-1 220
-2 760
969

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
₴2398
₴3977
₴7658
₴4622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
432
health
-
-
-
561
social contributions
-
-
-
3 432
total
-
-
-
4 425
Employee
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 657
-
health
255
560
340
-
income
3 586
3 049
3 437
-
total
5 086
6 342
5 434
-
Employer
32 935
32 935
32 935
-
social contributions
1 245
2 733
1 657
-
health
277
610
370
-
total
1 522
3 343
2 027
-
Corporate
5 474
-
-
-
income
684
-
-
-
total
684
-
-
-
Dividends
4 790
-
-
-
withholding
814
-
-
-
total
814
-
-
-
Income
22 000
22 000
22 000
22 000
Total tax
8 106
9 685
7 461
4 425
After tax
13 894
12 315
14 539
17 575
Living cost
9 917
9 917
9 917
9 917
Free-cash
3 977
2 398
4 622
7 658

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
₴11418
₴9238
₴9116
₴6841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 000
income
-
-
-
1 797
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
6 084
Employee

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

9 831
-
19 945
-
health
836
-
1 696
-
income
672
-
1 516
-
pensions
1 474
-
2 992
-
unemployment
49
-
100
-
total
3 031
-
6 304
-
Employer

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

9 831
-
19 945
-
unemployment
49
-
100
-
pensions
541
-
1 097
-
health
423
-
858
-
total
1 013
-
2 055
-
Corporate
11 157
22 000
-
-
income
1 004
1 980
-
-
total
1 004
1 980
-
-
Dividends
10 153
20 020
-
-
withholding
914
1 802
-
-
total
914
1 802
-
-
Income
22 000
22 000
22 000
22 000
Total tax
5 962
3 782
8 359
6 084
After tax
16 038
18 218
13 641
15 916
Living cost
6 800
6 800
6 800
6 800
Free-cash
9 238
11 418
6 841
9 116

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
₴3093
₴768
₴432
₴602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
accident
-
-
-
198
income
-
-
-
3 190
pensions
-
-
-
6 226
other
-
-
-
22
unemployment
-
-
-
154
total
-
-
-
9 790
Employee
15 837
-
16 682
-
other
15
-
17
-
income
3 053
-
3 243
-
pensions
745
-
784
-
unemployment
245
-
258
-
total
4 058
-
4 302
-
Employer
15 837
-
16 682
-
accident
314
-
330
-
other
127
-
133
-
unemployment
871
-
918
-
pensions
3 737
-
3 937
-
total
5 049
-
5 318
-
Corporate
1 114
22 000
-
-
income

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

167
3 300
-
-
total
167
3 300
-
-
Dividends
946
18 700
-
-
withholding
180
3 829
-
-
total
180
3 829
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 454
7 129
9 620
9 790
After tax
12 546
14 871
12 380
12 210
Living cost
11 778
11 778
11 778
11 778
Free-cash
768
3 093
602
432

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
₴12558
₴12365
₴12443
₴12361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
6 915
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
8 387
Employee
1 782
-
21 040
-
health
89
-
213
-
income
345
-
6 870
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
7 510
-
Employer
1 782
-
21 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
19 817
22 000
-
-
income
4 360
4 840
-
-
total
4 360
4 840
-
-
Dividends
15 458
17 160
-
-
withholding
3 092
3 432
-
-
total
3 092
3 432
-
-
Income
22 000
22 000
22 000
22 000
Total tax
8 465
8 272
8 469
8 387
After tax
13 535
13 728
13 531
13 613
Living cost
1 170
1 170
1 170
1 170
Free-cash
12 365
12 558
12 361
12 443

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
₴8487
₴6379
₴3552
₴4499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
income
-
-
-
2 724
pensions
-
-
-
5 720
unemployment
-
-
-
330
health
-
-
-
2 266
total
-
-
-
11 040
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
-
18 660
-
health
575
-
961
-
income
1 540
-
3 040
-
pensions
1 564
-
2 612
-
unemployment
84
-
140
-
total
3 763
-
6 753
-
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
-
18 660
-
unemployment
84
-
140
-
pensions
1 340
-
2 239
-
health
575
-
961
-
total
1 999
-
3 340
-
Corporate
8 830
22 000
-
-
income
1 325
3 300
-
-
total
1 325
3 300
-
-
Dividends
7 506
18 700
-
-
withholding
1 126
2 805
-
-
total
1 126
2 805
-
-
Income
22 000
22 000
22 000
22 000
Total tax
8 213
6 105
10 093
11 040
After tax
13 787
15 895
11 907
10 960
Living cost
7 408
7 408
7 408
7 408
Free-cash
6 379
8 487
4 499
3 552

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
₴967
₴812
₴1253
₴733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
income
-
-
-
1 555
surtax
-
-
-
-
social contributions

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

-
-
-
7 645
total
-
-
-
9 200
Employee
16 624
-
17 777
-
social contributions
1 829
-
1 956
-
surtax
-
-
-
-
income
3 248
-
3 541
-
total
5 077
-
5 497
-
Employer
16 624
-
17 777
-
social contributions
3 948
-
4 223
-
total
3 948
-
4 223
-
Corporate
1 428
22 000
-
-
surtax
-
-
-
-
income
300
4 620
-
-
total
300
4 620
-
-
Dividends
1 129
17 380
-
-
withholding
316
4 866
-
-
total
316
4 866
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 641
9 486
9 720
9 200
After tax
12 359
12 514
12 280
12 800
Living cost
11 547
11 547
11 547
11 547
Free-cash
812
967
733
1 253

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
-₴182
-₴5281
-₴2843
-₴2673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
accident
-
-
-
198
income
-
-
-
3 190
pensions
-
-
-
6 226
other
-
-
-
22
unemployment
-
-
-
154
total
-
-
-
9 790
Employee
20 686
-
16 682
-
other
20
-
17
-
income
4 320
-
3 243
-
pensions
972
-
784
-
unemployment
320
-
258
-
total
5 632
-
4 302
-
Employer
20 686
-
16 682
-
accident
410
-
330
-
other
166
-
133
-
unemployment
1 138
-
918
-
pensions
4 882
-
3 937
-
total
6 596
-
5 318
-
Corporate
-
22 000
-
-
income

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

-
3 300
-
-
total
-
3 300
-
-
Dividends
-
18 700
-
-
withholding
-
3 829
-
-
total
-
3 829
-
-
Income
22 000
22 000
22 000
22 000
Total tax
12 228
7 129
9 620
9 790
After tax
9 772
14 871
12 380
12 210
Living cost
15 053
15 053
15 053
15 053
Free-cash
-5 281
-182
-2 673
-2 843

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
₴11438
₴8827
₴7330
₴7616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
3 300
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
-
-
-
7 298
Employee
9 762
-
19 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
1 906
-
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
-
4 074
-
Employer
9 762
-
19 063
-
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
10 322
22 000
-
-
income
1 032
2 200
-
-
total
1 032
2 200
-
-
Dividends
9 290
19 800
-
-
withholding
464
990
-
-
total
464
990
-
-
Income
22 000
22 000
22 000
22 000
Total tax
5 801
3 190
7 012
7 298
After tax
16 199
18 810
14 988
14 702
Living cost
7 372
7 372
7 372
7 372
Free-cash
8 827
11 438
7 616
7 330

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
-₴5127
₴415
₴188
₴487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
trade
-
-
-
299
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.

-
-
-
1 944
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.

-
-
-
107
total
-
-
-
5 276
Employee

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

21 311
-
22 000
-
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
-
107
-
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
-
1 944
-
total
4 775
-
4 977
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
689
22 000
-
-
surtax

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

6
181
-
-
income
103
3 300
-
-
trade
99
3 157
-
-
chamber of commerce
66
98
-
-
total
274
6 736
-
-
Dividends
415
15 264
-
-
surtax

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

-
201
-
-
withholding
-
3 654
-
-
total
-
3 855
-
-
Income
22 000
22 000
22 000
22 000
Total tax
5 049
10 591
4 977
5 276
After tax
16 951
11 409
17 023
16 724
Living cost
16 536
16 536
16 536
16 536
Free-cash
415
-5 127
487
188

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
-₴8999
-₴11504
-₴6976
-₴6976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
3 059
social contributions
-
-
-
1 518
total
-
-
-
4 577
Employee
33 504
-
22 000
-
income
6 322
-
3 059
-
social contributions
2 783
-
1 518
-
total
9 105
-
4 577
-
Employer
33 504
-
22 000
-
total
-
-
-
-
Corporate
-
22 000
-
-
income
-
2 750
-
-
total
-
2 750
-
-
Dividends
-
19 250
-
-
withholding
-
3 850
-
-
total
-
3 850
-
-
Income
22 000
22 000
22 000
22 000
Total tax
9 105
6 600
4 577
4 577
After tax
12 895
15 400
17 423
17 423
Living cost
24 399
24 399
24 399
24 399
Free-cash
-11 504
-8 999
-6 976
-6 976

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
-₴3393
-₴1031
-₴8601
₴285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
22 000
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
-
20 030
-
income
2 132
-
2 227
-
social contributions
1 969
-
1 970
-
total
4 101
-
4 197
-
Employer
19 648
-
20 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
383
22 000
-
-
income
134
7 700
-
-
total
134
7 700
-
-
Dividends
249
14 300
-
-
social contributions
1 279
2 145
-
-
total
1 279
2 145
-
-
Income
22 000
22 000
22 000
22 000
Total tax
7 483
9 845
6 167
15 053
After tax
14 517
12 155
15 833
6 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
-1 031
-3 393
285
-8 601

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
₴518
-₴2545
₴624
-₴1511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
income
-
-
-
4 148
pensions
-
-
-
1 263
total
-
-
-
5 411
Employee
21 914
-
19 715
-
health
286
-
240
-
income
3 991
-
3 613
-
pensions
1 673
-
1 408
-
total
5 950
-
5 261
-
Employer
21 914
-
19 715
-
pensions
2 214
-
1 910
-
health
416
-
375
-
total
2 630
-
2 285
-
Corporate
-
22 000
-
-
income

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

-
4 180
-
-
total
-
4 180
-
-
Dividends
-
17 820
-
-
withholding
-
1 337
-
-
total
-
1 337
-
-
Income
22 000
22 000
22 000
22 000
Total tax
8 580
5 517
7 546
5 411
After tax
13 420
16 483
14 454
16 589
Living cost
15 965
15 965
15 965
15 965
Free-cash
-2 545
518
-1 511
624

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
-₴8360
₴226
₴5089
₴1475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
accident
-
-
-
108
income
-
-
-
3 804
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
6 769
Employee
15 954
-
18 275
-
health
1 827
-
2 093
-
income
2 189
-
2 507
-
pensions
1 796
-
2 058
-
total
5 812
-
6 658
-
Employer
15 954
-
18 275
-
accident
266
-
305
-
unemployment
391
-
448
-
pensions
2 594
-
2 972
-
total
3 251
-
3 725
-
Corporate
2 795
22 000
-
-
income

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

2 516
19 800
-
-
total
2 516
19 800
-
-
Dividends
280
2 200
-
-
withholding
53
418
-
-
total
53
418
-
-
Income
22 000
22 000
22 000
22 000
Total tax
11 632
20 218
10 383
6 769
After tax
10 368
1 782
11 617
15 231
Living cost
10 142
10 142
10 142
10 142
Free-cash
226
-8 360
1 475
5 089

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
₴12915
₴10833
₴7346
₴7346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 000
work injury
-
-
-
110
health insurance
-
-
-
1 628
income
-
-
-
2 819
pensions
-
-
-
4 048
unemployment
-
-
-
264
total
-
-
-
8 869
Employee

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

9 257
-
22 000
-
work injury
46
-
110
-
income
926
-
2 819
-
pensions
1 703
-
4 048
-
health insurance
685
-
1 628
-
unemployment
111
-
264
-
total
3 471
-
8 869
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 743
22 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
12 743
22 000
-
-
withholding
1 911
3 300
-
-
total
1 911
3 300
-
-
Income
22 000
22 000
22 000
22 000
Total tax
5 382
3 300
8 869
8 869
After tax
16 618
18 700
13 131
13 131
Living cost
5 785
5 785
5 785
5 785
Free-cash
10 833
12 915
7 346
7 346

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
-₴5475
-₴14092
-₴5117
-₴6338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 000
municipal
-
-
-
147
regional
-
-
-
324
national
-
-
-
3 924
social contributions
-
-
-
5 659
total
-
-
-
10 054
Employee
36 092
-
22 000
-
social contributions
12 170
-
7 418
-
regional
545
-
276
-
municipal
215
-
131
-
national
6 099
-
3 450
-
total
19 029
-
11 275
-
Employer
36 092
-
22 000
-
total
-
-
-
-
Corporate
-
22 000
-
-
nationa
-
5 280
-
-
municipal
-
1 061
-
-
total
-
6 341
-
-
Dividends
-
15 659
-
-
withholding
-
4 071
-
-
total
-
4 071
-
-
Income
22 000
22 000
22 000
22 000
Total tax
19 029
10 412
11 275
10 054
After tax
2 971
11 588
10 725
11 946
Living cost
17 063
17 063
17 063
17 063
Free-cash
-14 092
-5 475
-6 338
-5 117

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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