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
₴ 22500
per

Your estimated
City
free-cash

Dresden , Germany
₴1739
-₴3850
₴2312
₴2312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
trade
-
-
-
-
income

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

-
-
-
1 354
health

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

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

-
-
-
3 452
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.

-
-
-
75
total
-
-
-
4 881
Employee

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

19 329
-
22 500
-
surtax

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

30
-
75
-
health

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

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

3 452
-
3 452
-
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.

540
-
1 354
-
total
4 022
-
4 881
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 171
22 500
-
-
trade
500
3 544
-
-
income
476
3 375
-
-
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.

26
186
-
-
chamber of commerce
82
109
-
-
total
1 084
7 214
-
-
Dividends
2 088
15 286
-
-
withholding
330
3 630
-
-
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.

18
199
-
-
total
348
3 829
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 454
11 043
4 881
4 881
After tax
17 046
11 457
17 619
17 619
Living cost
15 307
15 307
15 307
15 307
Free-cash
1 739
-3 850
2 312
2 312

Estimated living cost  is ₴15307 per week

₴9628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21524
-₴11997
-₴11360
-₴11536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
242
pensions
-
-
-
2 700
municipal
-
-
-
1 983
national
-
-
-
3 074
total
-
-
-
7 999
Employee
40 362
-
19 451
-
national
7 725
-
3 209
-
municipal
4 985
-
2 071
-
pensions
1 614
-
778
-
total
14 324
-
6 058
-
Employer
40 362
-
19 451
-
pensions
3 229
-
1 556
-
social contributions
434
-
209
-
total
3 663
-
1 765
-
Corporate
-
22 500
-
-
income

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

-
4 500
-
-
total
-
4 500
-
-
Dividends
-
18 000
-
-
withholding
-
3 960
-
-
total
-
3 960
-
-
Income
22 500
22 500
22 500
22 500
Total tax
17 987
8 460
7 823
7 999
After tax
4 513
14 040
14 677
14 501
Living cost
26 037
26 037
26 037
26 037
Free-cash
-21 524
-11 997
-11 360
-11 536

Estimated living cost  is ₴26037 per week

₴17697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴390
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3340
₴7486
₴2396
₴7020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
social contributions

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

-
-
-
1 591
income
-
-
-
-
microenterprise
-
-
-
3 375
surtax
-
-
-
-
total
-
-
-
4 966
Employee
14 767
-
18 132
-
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.

1 625
-
1 995
-
income
2 629
-
3 227
-
total
4 254
-
5 222
-
Employer
14 767
-
18 132
-
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.

3 557
-
4 368
-
surtax
-
-
-
-
total
3 557
-
4 368
-
Corporate
4 176
22 500
-
-
income

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

835
4 500
-
-
total
835
4 500
-
-
Dividends

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

3 341
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 646
4 500
9 590
4 966
After tax
13 854
18 000
12 910
17 534
Living cost
10 514
10 514
10 514
10 514
Free-cash
3 340
7 486
2 396
7 020

Estimated living cost  is ₴10514 per week

₴6707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27684
-₴24847
-₴27684
-₴8241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 068
pensions
-
-
-
4 050
health
-
-
-
3 453
total
-
-
-
9 571
Employee
43 155
43 155
43 155
-
health
6 624
5 634
6 624
-
pensions
7 768
5 921
7 768
-
income

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

7 064
7 064
7 064
-
total
21 456
18 619
21 456
-
Employer
43 155
43 155
43 155
-
pensions
3 004
3 004
3 004
-
unemployment
1 554
1 554
1 554
-
health
3 000
3 000
3 000
-
total
7 558
7 558
7 558
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
29 014
26 177
29 014
9 571
After tax
-6 514
-3 677
-6 514
12 929
Living cost
21 170
21 170
21 170
21 170
Free-cash
-27 684
-24 847
-27 684
-8 241

Estimated living cost  is ₴21170 per week

₴15003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17087
-₴8855
-₴9124
-₴9923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
2 614
unemployment
-
-
-
22
pensions
-
-
-
2 432
municipal
-
-
-
4 766
accident
-
-
-
45
national
-
-
-
-
health
-
-
-
1 404
total
-
-
-
11 283
Employee
30 123
-
17 121
-
national
-
-
-
-
municipal
8 983
-
5 105
-
total
8 983
-
5 105
-
Employer
30 123
-
17 121
-
other
3 500
-
1 989
-
accident
60
-
34
-
pensions
3 256
-
1 851
-
unemployment
795
-
452
-
health
1 853
-
1 053
-
total
9 464
-
5 379
-
Corporate
-
22 500
-
-
income
-
4 950
-
-
total
-
4 950
-
-
Dividends
-
17 550
-
-
withholding
-
5 265
-
-
total
-
5 265
-
-
Income
22 500
22 500
22 500
22 500
Total tax
18 447
10 215
10 484
11 283
After tax
4 053
12 285
12 016
11 217
Living cost
21 140
21 140
21 140
21 140
Free-cash
-17 087
-8 855
-9 124
-9 923

Estimated living cost  is ₴21140 per week

₴14011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3127
-₴8511
-₴2233
-₴2233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
trade
-
-
-
-
income

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

-
-
-
1 354
health

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

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

-
-
-
3 452
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.

-
-
-
75
total
-
-
-
4 881
Employee

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

25 628
-
22 500
-
surtax

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

121
-
75
-
health

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

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

3 452
-
3 452
-
income

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

2 202
-
1 354
-
total
5 775
-
4 881
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
trade
-
3 701
-
-
income
-
3 375
-
-
surtax

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

-
186
-
-
chamber of commerce
-
108
-
-
total
-
7 370
-
-
Dividends
-
15 130
-
-
withholding
-
3 591
-
-
surtax

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

-
198
-
-
total
-
3 789
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 775
11 159
4 881
4 881
After tax
16 725
11 341
17 619
17 619
Living cost
19 852
19 852
19 852
19 852
Free-cash
-3 127
-8 511
-2 233
-2 233

Estimated living cost  is ₴19852 per week

₴13277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2094
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2555
-₴5318
-₴2158
₴2026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
3 510
income
-
-
-
-
health
-
-
-
573
total
-
-
-
4 083
Employee
38 859
38 859
38 859
-
health
386
661
347
-
social contributions
1 888
3 225
1 696
-
income
4 081
3 597
4 150
-
total
6 355
7 483
6 193
-
Employer
38 859
38 859
38 859
-
social contributions
1 888
3 225
1 696
-
health
421
719
378
-
total
2 309
3 944
2 074
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 664
11 427
8 267
4 083
After tax
13 836
11 073
14 233
18 417
Living cost
16 391
16 391
16 391
16 391
Free-cash
-2 555
-5 318
-2 158
2 026

Estimated living cost  is ₴16391 per week

₴11205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3575
₴3381
₴3639
₴6182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
338
income
-
-
-
2 751
pensions
-
-
-
2 250
health
-
-
-
1 575
total
-
-
-
6 914
Employee

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

The minimum wage is 138,000 HUF per month.

13 575
5 403
18 828
-
unemployment
204
81
282
-
health
950
378
1 318
-
pensions
1 357
540
1 883
-
income
1 660
660
2 302
-
total
4 171
1 659
5 785
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 575
5 403
18 828
-
pensions
2 647
1 053
3 672
-
total
2 647
1 053
3 672
-
Corporate
6 278
16 044
-
-
income
565
1 444
-
-
total
565
1 444
-
-
Dividends
5 713
14 600
-
-
withholding
1 086
2 774
-
-
social contributions
1 052
2 785
-
-
total
2 138
5 559
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 521
9 715
9 457
6 914
After tax
12 979
12 785
13 043
15 586
Living cost
9 404
9 404
9 404
9 404
Free-cash
3 575
3 381
3 639
6 182

Estimated living cost  is ₴9404 per week

₴6417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴188
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2655
₴5794
₴1646
₴864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 005
pensions
-
-
-
4 500
health
-
-
-
2 925
total
-
-
-
9 430
Employee
14 336
-
16 816
-
unemployment
229
-
269
-
pensions
287
-
337
-
income
1 614
-
2 358
-
total
2 130
-
2 964
-
Employer
14 336
-
16 816
-
pensions
2 867
-
3 363
-
unemployment
115
-
134
-
health
1 863
-
2 187
-
total
4 845
-
5 684
-
Corporate
3 318
22 500
-
-
income
664
4 500
-
-
total
664
4 500
-
-
Dividends
2 654
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 639
4 500
8 648
9 430
After tax
14 861
18 000
13 852
13 070
Living cost
12 206
12 206
12 206
12 206
Free-cash
2 655
5 794
1 646
864

Estimated living cost  is ₴12206 per week

₴8372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴727
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.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79
-₴9547
₴512
₴4175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
192
income
-
-
-
3 355
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
6 955
Employee
17 886
-
18 691
-
health
2 048
-
2 140
-
pensions
2 014
-
2 105
-
income
2 454
-
2 564
-
total
6 516
-
6 809
-
Employer
17 886
-
18 691
-
accident
299
-
312
-
pensions
2 908
-
3 039
-
unemployment
438
-
458
-
total
3 645
-
3 809
-
Corporate
969
22 500
-
-
income

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

872
20 250
-
-
total
872
20 250
-
-
Dividends
97
2 250
-
-
withholding
18
427
-
-
total
18
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 051
20 677
10 618
6 955
After tax
11 449
1 823
11 882
15 545
Living cost
11 370
11 370
11 370
11 370
Free-cash
79
-9 547
512
4 175

Estimated living cost  is ₴11370 per week

₴8333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16452
₴17229
₴13854
₴18129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
22 500
microenterprise

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

-
-
-
225
total
-
-
-
225
Employee
5 183
-
22 500
-
income
1 036
-
4 500
-
total
1 036
-
4 500
-
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%.

17 317
22 500
-
-
total
-
-
-
-
Dividends
17 317
22 500
-
-
withholding
866
1 125
-
-
total
866
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
1 902
1 125
4 500
225
After tax
20 598
21 375
18 000
22 275
Living cost
4 146
4 146
4 146
4 146
Free-cash
16 452
17 229
13 854
18 129

Estimated living cost  is ₴4146 per week

₴2570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴114
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴474
₴3065
-₴276
-₴1282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
1 068
income
-
-
-
2 858
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.

-
-
-
5 400
health
-
-
-
990
total
-
-
-
10 316
Employee
18 349
-
17 972
-
unemployment
183
-
179
-
health
257
-
251
-
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.

1 284
-
1 258
-
income
3 159
-
3 094
-
total
4 883
-
4 782
-
Employer
18 349
-
17 972
-
other
918
-
899
-
accident
147
-
144
-
pensions

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

3 120
-
3 055
-
unemployment
183
-
179
-
health
257
-
251
-
total
4 625
-
4 528
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
1 244
-
-
total
-
1 244
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 508
5 969
9 310
10 316
After tax
12 992
16 531
13 190
12 184
Living cost
13 466
13 466
13 466
13 466
Free-cash
-474
3 065
-276
-1 282

Estimated living cost  is ₴13466 per week

₴9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴31611
-₴16777
-₴18652
-₴16583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
4 263
pensions
-
-
-
1 185
total
-
-
-
5 448
Employee
47 589
-
20 266
-
health
784
-
224
-
pensions
4 591
-
1 313
-
income
8 578
-
3 746
-
total
13 953
-
5 283
-
Employer
47 589
-
20 266
-
pensions
5 619
-
1 849
-
health
904
-
385
-
total
6 523
-
2 234
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
20 476
5 642
7 517
5 448
After tax
2 024
16 858
14 983
17 052
Living cost
33 635
33 635
33 635
33 635
Free-cash
-31 611
-16 777
-18 652
-16 583

Estimated living cost  is ₴33635 per week

₴25204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10236
₴12591
₴7913
₴7752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
71
income
-
-
-
3 375
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
8 102
Employee
8 800
-
19 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
health
405
-
814
-
pensions

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

773
-
1 555
-
income
880
-
1 903
-
total
2 155
-
4 467
-
Employer
8 800
-
19 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

970
-
1 951
-
unemployment
53
-
106
-
health
607
-
1 222
-
total
1 727
-
3 474
-
Corporate
11 973
22 500
-
-
income
1 197
2 250
-
-
total
1 197
2 250
-
-
Dividends
10 776
20 250
-
-
withholding
539
1 013
-
-
total
539
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 618
3 263
7 941
8 102
After tax
16 882
19 237
14 559
14 398
Living cost
6 646
6 646
6 646
6 646
Free-cash
10 236
12 591
7 913
7 752

Estimated living cost  is ₴6646 per week

₴3880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
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.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32557
-₴31700
-₴34537
-₴15094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 068
pensions
-
-
-
4 050
health
-
-
-
3 453
total
-
-
-
9 571
Employee
46 853
43 155
43 155
-
health
5 845
5 634
6 624
-
pensions
5 921
5 921
7 768
-
income

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

7 064
7 064
7 064
-
total
18 830
18 619
21 456
-
Employer
46 853
43 155
43 155
-
pensions
3 261
3 004
3 004
-
unemployment
1 687
1 554
1 554
-
health
3 256
3 000
3 000
-
total
8 204
7 558
7 558
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
27 034
26 177
29 014
9 571
After tax
-4 534
-3 677
-6 514
12 929
Living cost
28 023
28 023
28 023
28 023
Free-cash
-32 557
-31 700
-34 537
-15 094

Estimated living cost  is ₴28023 per week

₴20671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2403
₴2854
-₴1219
-₴1679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
6 570
income
-
-
-
1 934
health
-
-
-
3 038
solidarity contribution
-
-
-
-
total
-
-
-
11 542
Employee
18 584
-
16 791
-
solidarity contribution
-
-
-
-
health
2 509
-
2 267
-
social contributions
1 208
-
1 091
-
income
2 230
-
2 015
-
total
5 947
-
5 373
-
Employer
18 584
-
16 791
-
social contributions
4 646
-
4 198
-
health
1 673
-
1 511
-
total
6 319
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 266
7 009
11 082
11 542
After tax
10 234
15 491
11 418
10 958
Living cost
12 637
12 637
12 637
12 637
Free-cash
-2 403
2 854
-1 219
-1 679

Estimated living cost  is ₴12637 per week

₴8778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22413
-₴9319
-₴10167
-₴8895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
regional
-
-
-
213
social contributions
-
-
-
5 787
municipal
-
-
-
133
national
-
-
-
3 938
total
-
-
-
10 071
Employee
44 913
-
22 500
-
national
7 782
-
3 451
-
regional
424
-
186
-
municipal
238
-
119
-
social contributions
15 145
-
7 587
-
total
23 589
-
11 343
-
Employer
44 913
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
877
-
-
total
-
6 277
-
-
Dividends
-
16 222
-
-
withholding
-
4 218
-
-
total
-
4 218
-
-
Income
22 500
22 500
22 500
22 500
Total tax
23 589
10 495
11 343
10 071
After tax
-1 089
12 005
11 157
12 429
Living cost
21 324
21 324
21 324
21 324
Free-cash
-22 413
-9 319
-10 167
-8 895

Estimated living cost  is ₴21324 per week

₴14865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1429
₴3002
₴1223
₴1773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
3 258
pensions
-
-
-
4 500
health
-
-
-
1 598
surtax
-
-
-
105
total
-
-
-
9 576
Employee
16 712
-
18 588
-
surtax
55
-
89
-
unemployment
1 163
-
1 294
-
other
-
-
-
-
health
427
-
475
-
pensions
1 114
-
1 240
-
income
2 801
-
3 116
-
total
5 560
-
6 214
-
Employer
16 712
-
18 588
-
other
-
-
-
-
pensions
2 228
-
2 478
-
unemployment
529
-
589
-
health
760
-
845
-
total
3 517
-
3 912
-
Corporate
2 271
22 500
-
-
income
591
5 850
-
-
total
591
5 850
-
-
Dividends
1 680
16 650
-
-
withholding
252
2 497
-
-
total
252
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 920
8 347
10 126
9 576
After tax
12 580
14 153
12 374
12 924
Living cost
11 151
11 151
11 151
11 151
Free-cash
1 429
3 002
1 223
1 773

Estimated living cost  is ₴11151 per week

₴6819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13451
-₴6121
-₴7996
-₴5927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
4 263
pensions
-
-
-
1 185
total
-
-
-
5 448
Employee
31 893
-
20 266
-
health
463
-
224
-
pensions
2 707
-
1 313
-
income
5 744
-
3 746
-
total
8 914
-
5 283
-
Employer
31 893
-
20 266
-
pensions
3 452
-
1 849
-
health
606
-
385
-
total
4 058
-
2 234
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 972
5 642
7 517
5 448
After tax
9 528
16 858
14 983
17 052
Living cost
22 979
22 979
22 979
22 979
Free-cash
-13 451
-6 121
-7 996
-5 927

Estimated living cost  is ₴22979 per week

₴17216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1722
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.
₴3800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴28947
-₴29851
-₴22394
-₴20936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
449
city
-
-
-
236
regional
-
-
-
372
pensions
-
-
-
2 070
national
-
-
-
38
health
-
-
-
131
total
-
-
-
3 296
Employee
46 975
-
19 967
-
national
222
-
23
-
unemployment
-
-
-
-
city
504
-
212
-
regional
1 538
-
292
-
health
106
-
45
-
pensions
3 946
-
1 869
-
total
6 316
-
2 441
-
Employer
46 975
-
19 967
-
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.

939
-
399
-
pensions
3 946
-
1 869
-
unemployment
-
-
-
-
health
106
-
45
-
total
4 991
-
2 313
-
Corporate
-
22 500
-
-
regional
-
4 759
-
-
national
-
1 912
-
-
total
-
6 671
-
-
Dividends
-
15 829
-
-
withholding
-
5 540
-
-
total
-
5 540
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 307
12 211
4 754
3 296
After tax
11 193
10 289
17 746
19 204
Living cost
40 140
40 140
40 140
40 140
Free-cash
-28 947
-29 851
-22 394
-20 936

Estimated living cost  is ₴40140 per week

₴26103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9943
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7871
-₴11926
-₴5532
-₴5532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
trade
-
-
-
-
income

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

-
-
-
1 354
health

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

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

-
-
-
3 452
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.

-
-
-
75
total
-
-
-
4 881
Employee

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

30 371
-
22 500
-
surtax

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

197
-
75
-
health

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

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

3 452
-
3 452
-
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.

3 571
-
1 354
-
total
7 220
-
4 881
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
trade
-
3 859
-
-
income
-
3 375
-
-
surtax

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

-
186
-
-
chamber of commerce
-
108
-
-
total
-
7 528
-
-
Dividends
-
14 972
-
-
withholding
-
3 551
-
-
surtax

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

-
196
-
-
total
-
3 747
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 220
11 275
4 881
4 881
After tax
15 280
11 225
17 619
17 619
Living cost
23 151
23 151
23 151
23 151
Free-cash
-7 871
-11 926
-5 532
-5 532

Estimated living cost  is ₴23151 per week

₴16908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5882
-₴5949
-₴3308
-₴3659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
697
social contributions
-
-
-
641
income
-
-
-
682
pensions
-
-
-
6 654
health
-
-
-
195
surtax
-
-
-
-
total
-
-
-
8 869
Employee
21 628
-
17 144
-
surtax
-
-
-
-
pensions
2 445
-
1 940
-
social contributions
617
-
489
-
income
1 276
-
734
-
total
4 338
-
3 163
-
Employer
21 628
-
17 144
-
other
746
-
592
-
pensions
3 553
-
2 817
-
unemployment
876
-
694
-
social contributions
65
-
52
-
health
1 514
-
1 200
-
total
6 754
-
5 355
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
withholding
-
2 073
-
-
social contributions
-
2 786
-
-
surtax
-
-
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 092
11 159
8 518
8 869
After tax
11 408
11 341
13 982
13 631
Living cost
17 290
17 290
17 290
17 290
Free-cash
-5 882
-5 949
-3 308
-3 659

Estimated living cost  is ₴17290 per week

₴10902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2836
-₴4236
-₴1595
-₴1946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
697
social contributions
-
-
-
641
income
-
-
-
682
pensions
-
-
-
6 654
health
-
-
-
195
surtax
-
-
-
-
total
-
-
-
8 869
Employee
19 306
-
17 144
-
surtax
-
-
-
-
pensions
2 184
-
1 940
-
social contributions
550
-
489
-
income
995
-
734
-
total
3 729
-
3 163
-
Employer
19 306
-
17 144
-
other
667
-
592
-
pensions
3 172
-
2 817
-
unemployment
782
-
694
-
social contributions
58
-
52
-
health
1 351
-
1 200
-
total
6 030
-
5 355
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
withholding
-
2 073
-
-
social contributions
-
2 786
-
-
surtax
-
-
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 759
11 159
8 518
8 869
After tax
12 741
11 341
13 982
13 631
Living cost
15 577
15 577
15 577
15 577
Free-cash
-2 836
-4 236
-1 595
-1 946

Estimated living cost  is ₴15577 per week

₴9034
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.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3005
₴3011
₴3016
₴3733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
3 105
income
-
-
-
3 375
health
-
-
-
1 571
total
-
-
-
8 051
Employee
17 135
-
22 500
-
health
1 196
-
1 571
-
social contributions
2 365
-
3 105
-
income
2 858
-
4 092
-
total
6 419
-
8 768
-
Employer
17 135
-
22 500
-
total
-
-
-
-
Corporate
5 365
22 500
-
-
income

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

269
1 125
-
-
total
269
1 125
-
-
Dividends
5 097
21 375
-
-
health
446
1 492
-
-
withholding
764
3 206
-
-
social contributions
881
2 950
-
-
total
2 091
7 648
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 779
8 773
8 768
8 051
After tax
13 721
13 727
13 732
14 449
Living cost
10 716
10 716
10 716
10 716
Free-cash
3 005
3 011
3 016
3 733

Estimated living cost  is ₴10716 per week

₴7171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
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.
₴2636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10604
-₴6815
-₴9145
-₴5222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
chamber of commerce
-
-
-
90
unemployment
-
-
-
3 100
income
-
-
-
742
pensions
-
-
-
4 162
health
-
-
-
1 721
surtax
-
-
-
100
total
-
-
-
9 915
Employee
25 255
20 139
20 139
-
unemployment
758
604
517
-
other
252
201
173
-
health
977
780
667
-
pensions
2 586
2 062
1 765
-
income
2 875
1 485
1 617
-
total
7 448
5 132
4 739
-
Employer
25 255
20 139
20 139
-
payroll
758
604
604
-
other
1 200
956
932
-
accident
328
262
224
-
pensions
3 170
2 528
2 163
-
unemployment
758
604
517
-
chamber of commerce
101
81
81
-
surtax
100
100
100
-
health
954
761
651
-
total
7 369
5 896
5 272
-
Corporate
1 918
1 918
15 310
-
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.

480
480
3 827
-
total
480
480
3 827
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 297
11 508
13 838
9 915
After tax
7 203
10 992
8 662
12 585
Living cost
17 807
17 807
17 807
17 807
Free-cash
-10 604
-6 815
-9 145
-5 222

Estimated living cost  is ₴17807 per week

₴11876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24170
-₴5705
-₴8340
-₴5447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
1 996
national
-
-
-
6 295
communal

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

-
-
-
1 230
total
-
-
-
9 521
Employee

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

36 148
-
17 427
-
national
11 113
-
4 154
-
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.

315
-
152
-
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.

1 698
-
819
-
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.

2 711
-
1 307
-
communal

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

1 885
-
909
-
total
17 722
-
7 341
-
Employer

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

36 148
-
17 427
-
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.

470
-
227
-
pensions

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

3 203
-
1 544
-
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.

527
-
254
-
surtax
4 099
-
1 976
-
health

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

2 223
-
1 072
-
total
10 522
-
5 073
-
Corporate
-
22 500
-
-
income
-
4 500
-
-
surtax
-
90
-
-
total
-
4 590
-
-
Dividends
-
17 910
-
-
withholding

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

-
5 189
-
-
total
-
5 189
-
-
Income
22 500
22 500
22 500
22 500
Total tax
28 244
9 779
12 414
9 521
After tax
-5 744
12 721
10 086
12 979
Living cost
18 426
18 426
18 426
18 426
Free-cash
-24 170
-5 705
-8 340
-5 447

Estimated living cost  is ₴18426 per week

₴11869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10673
-₴3026
-₴5510
-₴5682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
22
unemployment
-
-
-
157
income
-
-
-
3 183
pensions
-
-
-
6 368
accident
-
-
-
202
total
-
-
-
9 932
Employee
25 155
-
17 061
-
unemployment
390
-
265
-
other
25
-
17
-
pensions
1 182
-
802
-
income
5 308
-
3 237
-
total
6 905
-
4 321
-
Employer
25 155
-
17 061
-
other
200
-
137
-
accident
498
-
338
-
pensions
5 936
-
4 026
-
unemployment
1 384
-
938
-
total
8 018
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 901
-
-
total
-
3 901
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 923
7 276
9 760
9 932
After tax
7 577
15 224
12 740
12 568
Living cost
18 250
18 250
18 250
18 250
Free-cash
-10 673
-3 026
-5 510
-5 682

Estimated living cost  is ₴18250 per week

₴13439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20342
-₴13307
-₴12530
-₴12529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
534
pensions
-
-
-
3 848
accident
-
-
-
217
communal
-
-
-
-
health
-
-
-
1 803
surtax
-
-
-
1 164
total
-
-
-
7 566
Employee
38 270
-
19 626
-
surtax
2 346
-
1 164
-
health
1 703
-
1 070
-
pensions
3 061
-
1 924
-
income
3 697
-
534
-
total
10 807
-
4 692
-
Employer
38 270
-
19 626
-
accident
344
-
217
-
pensions
3 061
-
1 924
-
health
1 167
-
734
-
total
4 572
-
2 875
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
communal
-
1 519
-
-
surtax
-
236
-
-
total
-
5 130
-
-
Dividends
-
17 370
-
-
withholding
-
2 606
-
-
income
-
608
-
-
total
-
3 214
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 379
8 344
7 567
7 566
After tax
7 121
14 156
14 933
14 934
Living cost
27 463
27 463
27 463
27 463
Free-cash
-20 342
-13 307
-12 530
-12 529

Estimated living cost  is ₴27463 per week

₴20601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1195
₴2802
₴1023
₴1573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
3 258
pensions
-
-
-
4 500
health
-
-
-
1 598
surtax
-
-
-
105
total
-
-
-
9 576
Employee
17 019
-
18 588
-
surtax
60
-
89
-
unemployment
1 184
-
1 294
-
other
-
-
-
-
health
434
-
475
-
pensions
1 135
-
1 240
-
income
2 853
-
3 116
-
total
5 666
-
6 214
-
Employer
17 019
-
18 588
-
other
-
-
-
-
pensions
2 269
-
2 478
-
unemployment
540
-
589
-
health
774
-
845
-
total
3 583
-
3 912
-
Corporate
1 899
22 500
-
-
income
494
5 850
-
-
total
494
5 850
-
-
Dividends
1 405
16 650
-
-
withholding
211
2 497
-
-
total
211
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 954
8 347
10 126
9 576
After tax
12 546
14 153
12 374
12 924
Living cost
11 351
11 351
11 351
11 351
Free-cash
1 195
2 802
1 023
1 573

Estimated living cost  is ₴11351 per week

₴6853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Athens model

Close
Naples , Italy
-₴5533
-₴1786
-₴2573
-₴1310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
regional
-
-
-
339
social contributions
-
-
-
5 787
municipal
-
-
-
133
national
-
-
-
3 938
total
-
-
-
10 197
Employee
28 033
-
22 500
-
national
4 441
-
3 451
-
regional
377
-
303
-
municipal
149
-
119
-
social contributions
9 453
-
7 587
-
total
14 420
-
11 460
-
Employer
28 033
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 118
-
-
total
-
6 518
-
-
Dividends
-
15 982
-
-
withholding
-
4 155
-
-
total
-
4 155
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 420
10 673
11 460
10 197
After tax
8 080
11 827
11 040
12 303
Living cost
13 613
13 613
13 613
13 613
Free-cash
-5 533
-1 786
-2 573
-1 310

Estimated living cost  is ₴13613 per week

₴8466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
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.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8187
-₴81
-₴4154
-₴4614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
6 570
income
-
-
-
1 934
health
-
-
-
3 038
solidarity contribution
-
-
-
-
total
-
-
-
11 542
Employee
22 900
-
16 791
-
solidarity contribution
-
-
-
-
health
3 092
-
2 267
-
social contributions
1 489
-
1 091
-
income
2 748
-
2 015
-
total
7 329
-
5 373
-
Employer
22 900
-
16 791
-
social contributions
5 725
-
4 198
-
health
2 061
-
1 511
-
total
7 786
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 115
7 009
11 082
11 542
After tax
7 385
15 491
11 418
10 958
Living cost
15 572
15 572
15 572
15 572
Free-cash
-8 187
-81
-4 154
-4 614

Estimated living cost  is ₴15572 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Prague model

Close
Graz , Austria
-₴6428
-₴5031
-₴7408
-₴3438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
chamber of commerce
-
-
-
90
unemployment
-
-
-
3 100
income
-
-
-
742
pensions
-
-
-
4 162
health
-
-
-
1 721
surtax
-
-
-
-
total
-
-
-
9 815
Employee
22 091
20 139
20 139
-
unemployment
663
604
520
-
other
221
201
174
-
health
854
780
670
-
pensions
2 262
2 062
1 772
-
income
1 968
1 485
1 613
-
total
5 968
5 132
4 749
-
Employer
22 091
20 139
20 139
-
payroll
663
604
604
-
other
1 049
956
932
-
accident
287
262
225
-
pensions
2 772
2 528
2 172
-
unemployment
663
604
520
-
chamber of commerce
88
81
81
-
surtax
-
-
-
-
health
835
761
654
-
total
6 357
5 796
5 188
-
Corporate
1 918
1 918
15 394
-
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.

480
480
3 848
-
total
480
480
3 848
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 805
11 408
13 785
9 815
After tax
9 695
11 092
8 715
12 685
Living cost
16 123
16 123
16 123
16 123
Free-cash
-6 428
-5 031
-7 408
-3 438

Estimated living cost  is ₴16123 per week

₴9672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13703
₴14914
₴11539
₴15814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
22 500
microenterprise

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

-
-
-
225
total
-
-
-
225
Employee
8 077
-
22 500
-
income
1 615
-
4 500
-
total
1 615
-
4 500
-
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%.

14 423
22 500
-
-
total
-
-
-
-
Dividends
14 423
22 500
-
-
withholding
721
1 125
-
-
total
721
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
2 336
1 125
4 500
225
After tax
20 164
21 375
18 000
22 275
Living cost
6 461
6 461
6 461
6 461
Free-cash
13 703
14 914
11 539
15 814

Estimated living cost  is ₴6461 per week

₴4372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3326
₴1936
-₴1638
-₴923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
unemployment
-
-
-
34
income
-
-
-
3 512
pensions
-
-
-
4 109
health
-
-
-
2 213
total
-
-
-
9 868
Employee

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

22 347
-
19 469
-
unemployment
32
-
27
-
health
1 443
-
1 257
-
pensions
3 464
-
3 018
-
income
3 854
-
3 249
-
total
8 793
-
7 551
-
Employer

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

22 347
-
19 469
-
pensions
1 977
-
1 723
-
unemployment
13
-
12
-
health
1 488
-
1 297
-
total
3 478
-
3 032
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 271
7 009
10 583
9 868
After tax
10 229
15 491
11 917
12 632
Living cost
13 555
13 555
13 555
13 555
Free-cash
-3 326
1 936
-1 638
-923

Estimated living cost  is ₴13555 per week

₴9302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴52956
-₴8147
-₴5994
-₴6287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
2 565
income
-
-
-
4 386
total
-
-
-
6 951
Employee
31 310
-
-
-
social contributions
2 567
-
366
-
income
6 906
-
-
-
total
9 473
-
366
-
Employer
31 310
-
-
-
social contributions
44 147
-
6 292
-
total
44 147
-
6 292
-
Corporate
-
22 500
-
-
income
-
4 950
-
-
total
-
4 950
-
-
Dividends
-
17 550
-
-
income
-
3 861
-
-
total
-
3 861
-
-
Income
22 500
22 500
22 500
22 500
Total tax
53 620
8 811
6 658
6 951
After tax
-31 120
13 689
15 842
15 549
Living cost
21 836
21 836
21 836
21 836
Free-cash
-52 956
-8 147
-5 994
-6 287

Estimated living cost  is ₴21836 per week

₴14168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6262
-₴3053
-₴3139
-₴2675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
social contributions

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

-
-
-
7 819
income
-
-
-
1 505
surtax
-
-
-
-
total
-
-
-
9 324
Employee
23 242
-
18 182
-
surtax
-
-
-
-
social contributions
2 557
-
2 000
-
income
4 834
-
3 470
-
total
7 391
-
5 470
-
Employer
23 242
-
18 182
-
social contributions
5 520
-
4 318
-
total
5 520
-
4 318
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
surtax
-
-
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 911
9 702
9 788
9 324
After tax
9 589
12 798
12 712
13 176
Living cost
15 851
15 851
15 851
15 851
Free-cash
-6 262
-3 053
-3 139
-2 675

Estimated living cost  is ₴15851 per week

₴11860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19036
-₴13067
-₴10426
-₴10777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
697
social contributions
-
-
-
641
income
-
-
-
682
pensions
-
-
-
6 654
health
-
-
-
195
surtax
-
-
-
-
total
-
-
-
8 869
Employee
31 651
-
17 144
-
surtax
-
-
-
-
pensions
3 580
-
1 940
-
social contributions
901
-
489
-
income
2 762
-
734
-
total
7 243
-
3 163
-
Employer
31 651
-
17 144
-
other
1 092
-
592
-
pensions
5 201
-
2 817
-
unemployment
1 282
-
694
-
social contributions
95
-
52
-
health
2 215
-
1 200
-
total
9 885
-
5 355
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
withholding
-
2 073
-
-
social contributions
-
2 786
-
-
surtax
-
-
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
17 128
11 159
8 518
8 869
After tax
5 372
11 341
13 982
13 631
Living cost
24 408
24 408
24 408
24 408
Free-cash
-19 036
-13 067
-10 426
-10 777

Estimated living cost  is ₴24408 per week

₴16519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3362
₴5059
₴3023
₴2360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
-
social contributions
-
-
-
4 949
total
-
-
-
4 949
Employee
16 247
-
19 480
-
social contributions
1 056
-
1 266
-
income
-
-
-
-
total
1 056
-
1 266
-
Employer
16 247
-
19 480
-
social contributions
2 518
-
3 020
-
total
2 518
-
3 020
-
Corporate
3 735
22 500
-
-
income
373
2 250
-
-
total
373
2 250
-
-
Dividends
3 362
20 250
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
3 947
2 250
4 286
4 949
After tax
18 553
20 250
18 214
17 551
Living cost
15 191
15 191
15 191
15 191
Free-cash
3 362
5 059
3 023
2 360

Estimated living cost  is ₴15191 per week

₴9822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴87449
-₴87449
-₴87449
-₴9280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
437
municipal
-
-
-
3 315
labour market
-
-
-
1 765
national
-
-
-
1 960
total
-
-
-
7 477
Employee
102 578
102 578
102 578
-
national
12 532
12 532
12 532
-
municipal
21 843
21 843
21 843
-
labour market
8 195
8 195
8 195
-
pensions
146
146
146
-
total
42 716
42 716
42 716
-
Employer
102 578
102 578
102 578
-
municipal
21 878
21 878
21 878
-
pensions
292
292
292
-
national
12 554
12 554
12 554
-
labour market
8 206
8 206
8 206
-
total
42 930
42 930
42 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
85 646
85 646
85 646
7 477
After tax
-63 146
-63 146
-63 146
15 023
Living cost
24 303
24 303
24 303
24 303
Free-cash
-87 449
-87 449
-87 449
-9 280

Estimated living cost  is ₴24303 per week

₴16633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴374
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴105
-₴9380
₴679
₴4342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
192
income
-
-
-
3 355
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
6 955
Employee
17 622
-
18 691
-
health
2 018
-
2 140
-
pensions
1 984
-
2 105
-
income
2 418
-
2 564
-
total
6 420
-
6 809
-
Employer
17 622
-
18 691
-
accident
294
-
312
-
pensions
2 865
-
3 039
-
unemployment
432
-
458
-
total
3 591
-
3 809
-
Corporate
1 286
22 500
-
-
income

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

1 157
20 250
-
-
total
1 157
20 250
-
-
Dividends
129
2 250
-
-
withholding
24
427
-
-
total
24
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 192
20 677
10 618
6 955
After tax
11 308
1 823
11 882
15 545
Living cost
11 203
11 203
11 203
11 203
Free-cash
105
-9 380
679
4 342

Estimated living cost  is ₴11203 per week

₴8154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9105
-₴3832
-₴5251
-₴1392
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
22 500
municipal
-
-
-
4 026
national
-
-
-
329
health
-
-
-
135
total
-
-
-
4 490
Employee
26 588
-
18 928
-
national
439
-
24
-
unemployment
399
-
284
-
health
199
-
81
-
municipal
4 355
-
3 111
-
pensions
1 794
-
1 277
-
total
7 186
-
4 777
-
Employer
26 588
-
18 928
-
accident
27
-
19
-
pensions
4 613
-
3 284
-
unemployment
173
-
123
-
health
204
-
146
-
total
5 017
-
3 572
-
Corporate
-
22 500
-
-
income
-
4 500
-
-
total
-
4 500
-
-
Dividends

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

-
13 500
-
-
municipal
-
2 430
-
-
national
-
-
-
-
total
-
2 430
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 203
6 930
8 349
4 490
After tax
10 297
15 570
14 151
18 010
Living cost
19 402
19 402
19 402
19 402
Free-cash
-9 105
-3 832
-5 251
-1 392

Estimated living cost  is ₴19402 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2181
-₴627
₴2533
₴6717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
3 510
income
-
-
-
-
health
-
-
-
573
total
-
-
-
4 083
Employee
38 859
38 859
38 859
-
health
301
661
347
-
social contributions
1 469
3 225
1 696
-
income
4 231
3 597
4 150
-
total
6 001
7 483
6 193
-
Employer
38 859
38 859
38 859
-
social contributions
1 469
3 225
1 696
-
health
327
719
378
-
total
1 796
3 944
2 074
-
Corporate
3 002
-
-
-
income
375
-
-
-
total
375
-
-
-
Dividends
2 627
-
-
-
withholding
447
-
-
-
total
447
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 619
11 427
8 267
4 083
After tax
13 881
11 073
14 233
18 417
Living cost
11 700
11 700
11 700
11 700
Free-cash
2 181
-627
2 533
6 717

Estimated living cost  is ₴11700 per week

₴7012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8036
₴10610
₴5953
₴7679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 500
unemployment
-
-
-
14
income
-
-
-
1 740
pensions
-
-
-
3 215
health
-
-
-
1 829
total
-
-
-
6 798
Employee

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

11 600
-
20 399
-
unemployment
58
-
102
-
health
986
-
1 734
-
pensions
1 740
-
3 060
-
income
793
-
1 527
-
total
3 577
-
6 423
-
Employer

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

11 600
-
20 399
-
pensions
638
-
1 122
-
unemployment
58
-
102
-
health
499
-
877
-
total
1 195
-
2 101
-
Corporate
9 706
22 500
-
-
income
874
2 025
-
-
total
874
2 025
-
-
Dividends
8 833
20 475
-
-
withholding
795
1 842
-
-
total
795
1 842
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 441
3 867
8 524
6 798
After tax
16 059
18 633
13 976
15 702
Living cost
8 023
8 023
8 023
8 023
Free-cash
8 036
10 610
5 953
7 679

Estimated living cost  is ₴8023 per week

₴5119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2144
₴1327
-₴1157
-₴1329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
22
unemployment
-
-
-
157
income
-
-
-
3 183
pensions
-
-
-
6 368
accident
-
-
-
202
total
-
-
-
9 932
Employee
18 686
-
17 061
-
unemployment
290
-
265
-
other
18
-
17
-
pensions
878
-
802
-
income
3 603
-
3 237
-
total
4 789
-
4 321
-
Employer
18 686
-
17 061
-
other
150
-
137
-
accident
370
-
338
-
pensions
4 410
-
4 026
-
unemployment
1 028
-
938
-
total
5 958
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 901
-
-
total
-
3 901
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 747
7 276
9 760
9 932
After tax
11 753
15 224
12 740
12 568
Living cost
13 897
13 897
13 897
13 897
Free-cash
-2 144
1 327
-1 157
-1 329

Estimated living cost  is ₴13897 per week

₴9380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
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.
₴2937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12928
₴13086
₴13042
₴13111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
7 235
pensions
-
-
-
696
health
-
-
-
504
total
-
-
-
8 435
Employee
1 453
-
21 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
7 199
-
total
500
-
7 721
-
Employer
1 453
-
21 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
330
-
total
327
-
783
-
Corporate
20 721
22 500
-
-
income
4 559
4 950
-
-
total
4 559
4 950
-
-
Dividends
16 162
17 550
-
-
withholding
3 232
3 510
-
-
total
3 232
3 510
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 618
8 460
8 504
8 435
After tax
13 882
14 040
13 996
14 065
Living cost
954
954
954
954
Free-cash
12 928
13 086
13 042
13 111

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5041
₴7526
₴3556
₴2588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
unemployment
-
-
-
337
income
-
-
-
2 677
pensions
-
-
-
5 850
health
-
-
-
2 318
total
-
-
-
11 182
Employee

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

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

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

13 164
-
19 084
-
unemployment
99
-
143
-
health
678
-
983
-
pensions
1 843
-
2 672
-
income
1 815
-
3 000
-
total
4 435
-
6 798
-
Employer

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

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

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

13 164
-
19 084
-
pensions
1 580
-
2 290
-
unemployment
99
-
143
-
health
678
-
983
-
total
2 357
-
3 416
-
Corporate
6 979
22 500
-
-
income
1 047
3 375
-
-
total
1 047
3 375
-
-
Dividends
5 933
19 125
-
-
withholding
890
2 869
-
-
total
890
2 869
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 729
6 244
10 214
11 182
After tax
13 771
16 256
12 286
11 318
Living cost
8 730
8 730
8 730
8 730
Free-cash
5 041
7 526
3 556
2 588

Estimated living cost  is ₴8730 per week

₴5878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1772
-₴826
-₴912
-₴448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
social contributions

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

-
-
-
7 819
income
-
-
-
1 505
surtax
-
-
-
-
total
-
-
-
9 324
Employee
19 614
-
18 182
-
surtax
-
-
-
-
social contributions
2 158
-
2 000
-
income
3 832
-
3 470
-
total
5 990
-
5 470
-
Employer
19 614
-
18 182
-
social contributions
4 658
-
4 318
-
total
4 658
-
4 318
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
surtax
-
-
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 648
9 702
9 788
9 324
After tax
11 852
12 798
12 712
13 176
Living cost
13 624
13 624
13 624
13 624
Free-cash
-1 772
-826
-912
-448

Estimated living cost  is ₴13624 per week

₴9650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴947
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.
₴2787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9689
-₴2536
-₴5020
-₴5192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
22
unemployment
-
-
-
157
income
-
-
-
3 183
pensions
-
-
-
6 368
accident
-
-
-
202
total
-
-
-
9 932
Employee
24 406
-
17 061
-
unemployment
378
-
265
-
other
24
-
17
-
pensions
1 147
-
802
-
income
5 098
-
3 237
-
total
6 647
-
4 321
-
Employer
24 406
-
17 061
-
other
196
-
137
-
accident
483
-
338
-
pensions
5 760
-
4 026
-
unemployment
1 343
-
938
-
total
7 782
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 901
-
-
total
-
3 901
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 429
7 276
9 760
9 932
After tax
8 071
15 224
12 740
12 568
Living cost
17 760
17 760
17 760
17 760
Free-cash
-9 689
-2 536
-5 020
-5 192

Estimated living cost  is ₴17760 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
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.
₴3375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7428
₴10517
₴5839
₴5678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
71
income
-
-
-
3 375
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
8 102
Employee
11 546
-
19 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
health
531
-
814
-
pensions

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

1 014
-
1 555
-
income
1 155
-
1 903
-
total
2 827
-
4 467
-
Employer
11 546
-
19 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 951
-
unemployment
69
-
106
-
health
797
-
1 222
-
total
2 265
-
3 474
-
Corporate
8 689
22 500
-
-
income
869
2 250
-
-
total
869
2 250
-
-
Dividends
7 820
20 250
-
-
withholding
391
1 013
-
-
total
391
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 352
3 263
7 941
8 102
After tax
16 148
19 237
14 559
14 398
Living cost
8 720
8 720
8 720
8 720
Free-cash
7 428
10 517
5 839
5 678

Estimated living cost  is ₴8720 per week

₴5767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2644
-₴7821
-₴1891
-₴1891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
trade
-
-
-
-
income

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

-
-
-
1 354
health

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

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

-
-
-
3 452
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.

-
-
-
75
total
-
-
-
4 881
Employee

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

25 145
-
22 500
-
surtax

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

114
-
75
-
health

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

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

3 452
-
3 452
-
income

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

2 068
-
1 354
-
total
5 634
-
4 881
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
trade
-
3 229
-
-
income
-
3 375
-
-
surtax

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

-
186
-
-
chamber of commerce
-
109
-
-
total
-
6 899
-
-
Dividends
-
15 601
-
-
withholding
-
3 708
-
-
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.

-
204
-
-
total
-
3 912
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 634
10 811
4 881
4 881
After tax
16 866
11 689
17 619
17 619
Living cost
19 510
19 510
19 510
19 510
Free-cash
-2 644
-7 821
-1 891
-1 891

Estimated living cost  is ₴19510 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17030
-₴13038
-₴10614
-₴10614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
1 410
income
-
-
-
2 917
total
-
-
-
4 327
Employee
39 530
-
22 500
-
social contributions
3 284
-
1 410
-
income
7 459
-
2 917
-
total
10 743
-
4 327
-
Employer
39 530
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
2 813
-
-
total
-
2 813
-
-
Dividends
-
19 687
-
-
withholding
-
3 938
-
-
total
-
3 938
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 743
6 751
4 327
4 327
After tax
11 757
15 749
18 173
18 173
Living cost
28 787
28 787
28 787
28 787
Free-cash
-17 030
-13 038
-10 614
-10 614

Estimated living cost  is ₴28787 per week

₴21901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4514
-₴5912
-₴1841
-₴13313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
health

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

-
-
-
3 084
income
-
-
-
14 385
total
-
-
-
17 469
Employee
23 183
-
20 451
-
social contributions
2 323
-
2 048
-
income
2 515
-
1 901
-
total
4 838
-
3 949
-
Employer
23 183
-
20 451
-
social contributions
2 323
-
2 048
-
total
2 323
-
2 048
-
Corporate
-
22 500
-
-
income
-
7 875
-
-
total
-
7 875
-
-
Dividends
-
14 625
-
-
social contributions
1 509
2 193
-
-
total
1 509
2 193
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 670
10 068
5 997
17 469
After tax
13 830
12 432
16 503
5 031
Living cost
18 344
18 344
18 344
18 344
Free-cash
-4 514
-5 912
-1 841
-13 313

Estimated living cost  is ₴18344 per week

₴12083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6220
-₴1823
-₴3698
-₴1629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
4 263
pensions
-
-
-
1 185
total
-
-
-
5 448
Employee
25 642
-
20 266
-
health
334
-
224
-
pensions
1 957
-
1 313
-
income
4 670
-
3 746
-
total
6 961
-
5 283
-
Employer
25 642
-
20 266
-
pensions
2 591
-
1 849
-
health
487
-
385
-
total
3 078
-
2 234
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 039
5 642
7 517
5 448
After tax
12 461
16 858
14 983
17 052
Living cost
18 681
18 681
18 681
18 681
Free-cash
-6 220
-1 823
-3 698
-1 629

Estimated living cost  is ₴18681 per week

₴12815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1718
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.
₴3913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴813
-₴10489
-₴430
₴3233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
192
income
-
-
-
3 355
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
6 955
Employee
19 367
-
18 691
-
health
2 217
-
2 140
-
pensions
2 181
-
2 105
-
income
2 657
-
2 564
-
total
7 055
-
6 809
-
Employer
19 367
-
18 691
-
accident
323
-
312
-
pensions
3 149
-
3 039
-
unemployment
474
-
458
-
total
3 946
-
3 809
-
Corporate
-
22 500
-
-
income

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

-
20 250
-
-
total
-
20 250
-
-
Dividends
-
2 250
-
-
withholding
-
427
-
-
total
-
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 001
20 677
10 618
6 955
After tax
11 499
1 823
11 882
15 545
Living cost
12 312
12 312
12 312
12 312
Free-cash
-813
-10 489
-430
3 233

Estimated living cost  is ₴12312 per week

₴9035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
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.
₴2311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9844
₴12302
₴6786
₴6786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
22 500
unemployment
-
-
-
270
income
-
-
-
2 704
pensions
-
-
-
4 140
health insurance
-
-
-
1 665
work injury
-
-
-
112
total
-
-
-
8 891
Employee

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

10 916
-
22 500
-
health insurance
808
-
1 665
-
unemployment
131
-
270
-
work injury
55
-
112
-
pensions
2 009
-
4 140
-
income
1 092
-
2 704
-
total
4 095
-
8 891
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 584
22 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
11 584
22 500
-
-
withholding
1 738
3 375
-
-
total
1 738
3 375
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 833
3 375
8 891
8 891
After tax
16 667
19 125
13 609
13 609
Living cost
6 823
6 823
6 823
6 823
Free-cash
9 844
12 302
6 786
6 786

Estimated living cost  is ₴6823 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20084
-₴8281
-₴9067
-₴7820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
regional
-
-
-
312
social contributions
-
-
-
5 787
municipal
-
-
-
151
national
-
-
-
3 938
total
-
-
-
10 188
Employee
42 584
-
22 500
-
national
7 196
-
3 451
-
regional
643
-
263
-
municipal
254
-
134
-
social contributions
14 359
-
7 587
-
total
22 452
-
11 435
-
Employer
42 584
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 085
-
-
total
-
6 485
-
-
Dividends
-
16 015
-
-
withholding
-
4 164
-
-
total
-
4 164
-
-
Income
22 500
22 500
22 500
22 500
Total tax
22 452
10 649
11 435
10 188
After tax
48
11 851
11 065
12 312
Living cost
20 132
20 132
20 132
20 132
Free-cash
-20 084
-8 281
-9 067
-7 820

Estimated living cost  is ₴20132 per week

₴14141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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