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
₴2003
₴2691
-₴3438
₴2691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 358
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.

-
-
-
1 480
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.

-
-
-
81
total
-
-
-
4 919
Employee

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

18 803
-
22 500
-
health

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

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

3 358
-
3 358
-
income

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

525
-
1 480
-
surtax

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

29
-
81
-
total
3 912
-
4 919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 697
22 500
-
-
income
554
3 375
-
-
chamber of commerce
80
107
-
-
surtax

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

31
186
-
-
trade
582
3 544
-
-
total
1 247
7 212
-
-
Dividends
2 450
15 288
-
-
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.

23
200
-
-
withholding
425
3 636
-
-
total
448
3 836
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 607
11 048
4 919
4 919
After tax
16 893
11 452
17 581
17 581
Living cost
14 890
14 890
14 890
14 890
Free-cash
2 003
-3 438
2 691
2 691

Estimated living cost  is ₴14890 per week

₴9366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
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.
₴3510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20619
-₴10857
-₴11461
-₴11034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
1 997
pensions
-
-
-
2 700
national
-
-
-
3 094
total
-
-
-
8 033
Employee
39 531
-
19 451
-
pensions
1 581
-
778
-
municipal
4 883
-
2 084
-
national
7 566
-
3 229
-
total
14 030
-
6 091
-
Employer
39 531
-
19 451
-
pensions
3 163
-
1 556
-
social contributions
425
-
209
-
total
3 588
-
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
17 618
8 460
7 856
8 033
After tax
4 882
14 040
14 644
14 467
Living cost
25 501
25 501
25 501
25 501
Free-cash
-20 619
-11 461
-10 857
-11 034

Estimated living cost  is ₴25501 per week

₴17333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3741
₴2682
₴7773
₴7350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 548
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
3 375
total
-
-
-
4 923
Employee
14 365
-
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.

1 580
-
1 995
-
income
2 557
-
3 228
-
surtax
-
-
-
-
total
4 137
-
5 223
-
Employer
14 365
-
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.

3 460
-
4 368
-
total
3 460
-
4 368
-
Corporate
4 675
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%.

935
4 500
-
-
total
935
4 500
-
-
Dividends

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

3 740
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 532
4 500
9 591
4 923
After tax
13 968
18 000
12 909
17 577
Living cost
10 227
10 227
10 227
10 227
Free-cash
3 741
7 773
2 682
7 350

Estimated living cost  is ₴10227 per week

₴6525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26318
-₴26318
-₴23558
-₴7673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 454
income
-
-
-
2 075
pensions
-
-
-
4 050
total
-
-
-
9 579
Employee
41 981
41 981
41 981
-
pensions
7 557
5 760
7 557
-
health
6 444
5 481
6 444
-
income

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

6 872
6 872
6 872
-
total
20 873
18 113
20 873
-
Employer
41 981
41 981
41 981
-
pensions
2 922
2 922
2 922
-
health
2 918
2 918
2 918
-
unemployment
1 511
1 511
1 511
-
total
7 351
7 351
7 351
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
28 224
25 464
28 224
9 579
After tax
-5 724
-2 964
-5 724
12 921
Living cost
20 594
20 594
20 594
20 594
Free-cash
-26 318
-23 558
-26 318
-7 673

Estimated living cost  is ₴20594 per week

₴14594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1856
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.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15191
-₴8112
-₴7843
-₴8911
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
45
health
-
-
-
1 404
municipal
-
-
-
4 766
pensions
-
-
-
2 432
other
-
-
-
2 614
unemployment
-
-
-
22
national
-
-
-
-
total
-
-
-
11 283
Employee
28 680
-
17 121
-
municipal
8 552
-
5 105
-
national
-
-
-
-
total
8 552
-
5 105
-
Employer
28 680
-
17 121
-
pensions
3 100
-
1 851
-
other
3 333
-
1 989
-
health
1 764
-
1 053
-
unemployment
757
-
452
-
accident
57
-
34
-
total
9 011
-
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
17 563
10 215
10 484
11 283
After tax
4 937
12 285
12 016
11 217
Living cost
20 128
20 128
20 128
20 128
Free-cash
-15 191
-7 843
-8 112
-8 911

Estimated living cost  is ₴20128 per week

₴13340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2430
-₴1731
-₴7974
-₴1731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 358
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.

-
-
-
1 480
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.

-
-
-
81
total
-
-
-
4 919
Employee

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

24 930
-
22 500
-
health

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

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

3 358
-
3 358
-
income

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

2 142
-
1 480
-
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.

118
-
81
-
total
5 618
-
4 919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
chamber of commerce
-
106
-
-
surtax

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

-
186
-
-
trade
-
3 701
-
-
total
-
7 368
-
-
Dividends
-
15 132
-
-
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
-
-
withholding
-
3 596
-
-
total
-
3 794
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 618
11 162
4 919
4 919
After tax
16 882
11 338
17 581
17 581
Living cost
19 312
19 312
19 312
19 312
Free-cash
-2 430
-7 974
-1 731
-1 731

Estimated living cost  is ₴19312 per week

₴12916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
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.
₴4071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1875
-₴1580
-₴4561
₴2426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
574
income
-
-
-
45
total
-
-
-
4 129
Employee
37 802
37 802
37 802
-
health
376
643
347
-
social contributions
1 837
3 137
1 695
-
income
3 970
3 499
4 020
-
total
6 183
7 279
6 062
-
Employer
37 802
37 802
37 802
-
health
410
700
378
-
social contributions
1 837
3 137
1 695
-
total
2 247
3 837
2 073
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 430
11 116
8 135
4 129
After tax
14 070
11 384
14 365
18 371
Living cost
15 945
15 945
15 945
15 945
Free-cash
-1 875
-4 561
-1 580
2 426

Estimated living cost  is ₴15945 per week

₴10900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3865
₴3940
₴3674
₴6484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 575
income
-
-
-
2 751
pensions
-
-
-
2 250
unemployment
-
-
-
337
total
-
-
-
6 913
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.

13 140
5 230
18 828
-
unemployment
197
78
282
-
pensions
1 314
523
1 883
-
health
920
366
1 318
-
income
1 606
639
2 302
-
total
4 037
1 606
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.

13 140
5 230
18 828
-
pensions
2 562
1 020
3 672
-
total
2 562
1 020
3 672
-
Corporate
6 798
16 251
-
-
income
612
1 463
-
-
total
612
1 463
-
-
Dividends
6 186
14 788
-
-
social contributions
1 146
2 824
-
-
withholding
1 175
2 810
-
-
total
2 321
5 634
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 532
9 723
9 457
6 913
After tax
12 968
12 777
13 043
15 587
Living cost
9 103
9 103
9 103
9 103
Free-cash
3 865
3 674
3 940
6 484

Estimated living cost  is ₴9103 per week

₴6212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3072
₴1906
₴6126
₴1123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 925
income
-
-
-
2 078
pensions
-
-
-
4 500
total
-
-
-
9 503
Employee
13 946
-
16 817
-
unemployment
223
-
269
-
pensions
279
-
337
-
income
1 570
-
2 431
-
total
2 072
-
3 037
-
Employer
13 946
-
16 817
-
pensions
2 789
-
3 363
-
health
1 813
-
2 186
-
unemployment
112
-
134
-
total
4 714
-
5 683
-
Corporate
3 840
22 500
-
-
income
768
4 500
-
-
total
768
4 500
-
-
Dividends
3 072
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 554
4 500
8 720
9 503
After tax
14 946
18 000
13 780
12 997
Living cost
11 874
11 874
11 874
11 874
Free-cash
3 072
6 126
1 906
1 123

Estimated living cost  is ₴11874 per week

₴8144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴707
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.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴144
₴934
-₴9125
₴4668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
3 418
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
6 884
Employee
17 222
-
18 691
-
pensions
1 939
-
2 105
-
health
1 972
-
2 140
-
income
2 363
-
2 564
-
total
6 274
-
6 809
-
Employer
17 222
-
18 691
-
pensions
2 800
-
3 039
-
unemployment
422
-
458
-
accident
287
-
312
-
total
3 509
-
3 809
-
Corporate
1 768
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.

1 591
20 250
-
-
total
1 591
20 250
-
-
Dividends
177
2 250
-
-
withholding
34
427
-
-
total
34
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 408
20 677
10 618
6 884
After tax
11 092
1 823
11 882
15 616
Living cost
10 948
10 948
10 948
10 948
Free-cash
144
-9 125
934
4 668

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16561
₴13946
₴17321
₴18221
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 068
-
22 500
-
income
1 013
-
4 500
-
total
1 013
-
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%.

17 432
22 500
-
-
total
-
-
-
-
Dividends
17 432
22 500
-
-
withholding
872
1 125
-
-
total
872
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
1 885
1 125
4 500
225
After tax
20 615
21 375
18 000
22 275
Living cost
4 054
4 054
4 054
4 054
Free-cash
16 561
17 321
13 946
18 221

Estimated living cost  is ₴4054 per week

₴2512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴112
₴88
₴3432
-₴915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
990
income
-
-
-
2 857
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
other
-
-
-
1 069
total
-
-
-
10 316
Employee
17 850
-
17 971
-
unemployment
178
-
180
-
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.

1 249
-
1 258
-
health
250
-
252
-
income
3 073
-
3 094
-
total
4 750
-
4 784
-
Employer
17 850
-
17 971
-
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.

3 035
-
3 055
-
other
893
-
898
-
health
250
-
252
-
unemployment
178
-
180
-
accident
143
-
144
-
total
4 499
-
4 529
-
Corporate
152
22 500
-
-
income
32
4 725
-
-
total
32
4 725
-
-
Dividends
120
17 775
-
-
withholding
8
1 244
-
-
total
8
1 244
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 289
5 969
9 313
10 316
After tax
13 211
16 531
13 187
12 184
Living cost
13 099
13 099
13 099
13 099
Free-cash
112
3 432
88
-915

Estimated living cost  is ₴13099 per week

₴9255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29255
-₴17258
-₴15313
-₴15148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 256
pensions
-
-
-
1 221
total
-
-
-
5 477
Employee
45 517
-
20 231
-
pensions
4 391
-
1 357
-
health
750
-
232
-
income
8 205
-
3 728
-
total
13 346
-
5 317
-
Employer
45 517
-
20 231
-
pensions
5 374
-
1 885
-
health
864
-
385
-
total
6 238
-
2 270
-
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
19 584
5 642
7 587
5 477
After tax
2 916
16 858
14 913
17 023
Living cost
32 171
32 171
32 171
32 171
Free-cash
-29 255
-15 313
-17 258
-15 148

Estimated living cost  is ₴32171 per week

₴24106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴10509
₴8286
₴12792
₴8095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 975
income
-
-
-
3 375
pensions

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

-
-
-
2 541
unemployment
-
-
-
69
total
-
-
-
7 960
Employee
8 534
-
19 131
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 508
-
health
393
-
790
-
income
853
-
1 913
-
total
2 089
-
4 400
-
Employer
8 534
-
19 131
-
pensions

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

941
-
1 892
-
health
589
-
1 185
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
total
1 675
-
3 369
-
Corporate
12 291
22 500
-
-
income
1 229
2 250
-
-
total
1 229
2 250
-
-
Dividends
11 062
20 250
-
-
withholding
553
1 013
-
-
total
553
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 546
3 263
7 769
7 960
After tax
16 954
19 237
14 731
14 540
Living cost
6 445
6 445
6 445
6 445
Free-cash
10 509
12 792
8 286
8 095

Estimated living cost  is ₴6445 per week

₴3763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴31058
-₴32984
-₴30224
-₴14339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 454
income
-
-
-
2 075
pensions
-
-
-
4 050
total
-
-
-
9 579
Employee
45 578
41 981
41 981
-
pensions
5 760
5 760
7 557
-
health
5 686
5 481
6 444
-
income

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

6 872
6 872
6 872
-
total
18 318
18 113
20 873
-
Employer
45 578
41 981
41 981
-
pensions
3 172
2 922
2 922
-
health
3 167
2 918
2 918
-
unemployment
1 641
1 511
1 511
-
total
7 980
7 351
7 351
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
26 298
25 464
28 224
9 579
After tax
-3 798
-2 964
-5 724
12 921
Living cost
27 260
27 260
27 260
27 260
Free-cash
-31 058
-30 224
-32 984
-14 339

Estimated living cost  is ₴27260 per week

₴20109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1564
-₴794
₴3279
-₴1254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 038
income
-
-
-
1 934
solidarity contribution
-
-
-
-
total
-
-
-
11 542
Employee
17 958
-
16 791
-
solidarity contribution
-
-
-
-
health
2 424
-
2 267
-
social contributions
1 167
-
1 091
-
income
2 155
-
2 015
-
total
5 746
-
5 373
-
Employer
17 958
-
16 791
-
health
1 616
-
1 511
-
social contributions
4 490
-
4 198
-
total
6 106
-
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
11 852
7 009
11 082
11 542
After tax
10 648
15 491
11 418
10 958
Living cost
12 212
12 212
12 212
12 212
Free-cash
-1 564
3 279
-794
-1 254

Estimated living cost  is ₴12212 per week

₴8482
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.
₴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.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21190
-₴9604
-₴8740
-₴8332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 787
municipal
-
-
-
133
regional
-
-
-
215
national
-
-
-
3 953
total
-
-
-
10 088
Employee
43 691
-
22 500
-
regional
412
-
187
-
municipal
231
-
119
-
national
7 571
-
3 467
-
social contributions
14 732
-
7 587
-
total
22 946
-
11 360
-
Employer
43 691
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
878
-
-
nationa
-
5 400
-
-
total
-
6 278
-
-
Dividends
-
16 222
-
-
withholding
-
4 218
-
-
total
-
4 218
-
-
Income
22 500
22 500
22 500
22 500
Total tax
22 946
10 496
11 360
10 088
After tax
-446
12 004
11 140
12 412
Living cost
20 744
20 744
20 744
20 744
Free-cash
-21 190
-8 740
-9 604
-8 332

Estimated living cost  is ₴20744 per week

₴14460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1775
₴1518
₴3305
₴2072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 598
income
-
-
-
3 258
surtax
-
-
-
112
pensions
-
-
-
4 500
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
9 580
Employee
16 257
-
18 586
-
unemployment
1 132
-
1 294
-
pensions
1 084
-
1 240
-
health
415
-
474
-
income
2 725
-
3 116
-
other
-
-
-
-
surtax
53
-
96
-
total
5 409
-
6 220
-
Employer
16 257
-
18 586
-
pensions
2 167
-
2 478
-
other
-
-
-
-
health
740
-
846
-
unemployment
515
-
590
-
total
3 422
-
3 914
-
Corporate
2 821
22 500
-
-
income
733
5 850
-
-
total
733
5 850
-
-
Dividends
2 088
16 650
-
-
withholding
313
2 497
-
-
total
313
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 877
8 347
10 134
9 580
After tax
12 623
14 153
12 366
12 920
Living cost
10 848
10 848
10 848
10 848
Free-cash
1 775
3 305
1 518
2 072

Estimated living cost  is ₴10848 per week

₴6633
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.
₴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.
₴2964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11885
-₴7065
-₴5120
-₴4955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 256
pensions
-
-
-
1 221
total
-
-
-
5 477
Employee
30 504
-
20 231
-
pensions
2 589
-
1 357
-
health
443
-
232
-
income
5 494
-
3 728
-
total
8 526
-
5 317
-
Employer
30 504
-
20 231
-
pensions
3 302
-
1 885
-
health
579
-
385
-
total
3 881
-
2 270
-
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
12 407
5 642
7 587
5 477
After tax
10 093
16 858
14 913
17 023
Living cost
21 978
21 978
21 978
21 978
Free-cash
-11 885
-5 120
-7 065
-4 955

Estimated living cost  is ₴21978 per week

₴16466
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.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴27466
-₴21205
-₴28693
-₴19790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
127
pensions
-
-
-
2 070
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.

-
-
-
450
regional
-
-
-
384
city
-
-
-
236
national
-
-
-
41
total
-
-
-
3 308
Employee
45 619
-
19 990
-
unemployment
-
-
-
-
pensions
3 833
-
1 845
-
regional
1 494
-
305
-
national
216
-
26
-
health
103
-
45
-
city
490
-
213
-
total
6 136
-
2 434
-
Employer
45 619
-
19 990
-
pensions
3 833
-
1 845
-
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.

912
-
399
-
health
103
-
45
-
unemployment
-
-
-
-
total
4 848
-
2 289
-
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
10 984
12 211
4 723
3 308
After tax
11 516
10 289
17 777
19 192
Living cost
38 982
38 982
38 982
38 982
Free-cash
-27 466
-28 693
-21 205
-19 790

Estimated living cost  is ₴38982 per week

₴25350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3498
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7044
-₴4940
-₴11300
-₴4940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 358
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.

-
-
-
1 480
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.

-
-
-
81
total
-
-
-
4 919
Employee

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

29 544
-
22 500
-
health

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

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

3 358
-
3 358
-
income

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

3 474
-
1 480
-
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.

191
-
81
-
total
7 023
-
4 919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
chamber of commerce
-
106
-
-
surtax

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

-
186
-
-
trade
-
3 859
-
-
total
-
7 526
-
-
Dividends
-
14 974
-
-
surtax

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

-
196
-
-
withholding
-
3 557
-
-
total
-
3 753
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 023
11 279
4 919
4 919
After tax
15 477
11 221
17 581
17 581
Living cost
22 521
22 521
22 521
22 521
Free-cash
-7 044
-11 300
-4 940
-4 940

Estimated living cost  is ₴22521 per week

₴16448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1801
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5110
-₴2870
-₴5480
-₴3207
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
641
health
-
-
-
195
income
-
-
-
721
surtax
-
-
-
-
pensions
-
-
-
6 633
other
-
-
-
698
total
-
-
-
8 888
Employee
21 040
-
17 144
-
pensions
2 379
-
1 940
-
social contributions
600
-
488
-
income
1 242
-
771
-
surtax
-
-
-
-
total
4 221
-
3 199
-
Employer
21 040
-
17 144
-
pensions
3 456
-
2 816
-
other
726
-
591
-
health
1 473
-
1 200
-
unemployment
852
-
694
-
social contributions
63
-
51
-
total
6 570
-
5 352
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 787
-
-
withholding
-
2 074
-
-
total
-
4 861
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 791
11 161
8 551
8 888
After tax
11 709
11 339
13 949
13 612
Living cost
16 819
16 819
16 819
16 819
Free-cash
-5 110
-5 480
-2 870
-3 207

Estimated living cost  is ₴16819 per week

₴10605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
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.
₴4561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2144
-₴1204
-₴3814
-₴1541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
641
health
-
-
-
195
income
-
-
-
721
surtax
-
-
-
-
pensions
-
-
-
6 633
other
-
-
-
698
total
-
-
-
8 888
Employee
18 781
-
17 144
-
pensions
2 124
-
1 940
-
social contributions
535
-
488
-
income
968
-
771
-
surtax
-
-
-
-
total
3 627
-
3 199
-
Employer
18 781
-
17 144
-
pensions
3 086
-
2 816
-
other
648
-
591
-
health
1 314
-
1 200
-
unemployment
760
-
694
-
social contributions
56
-
51
-
total
5 864
-
5 352
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 787
-
-
withholding
-
2 074
-
-
total
-
4 861
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 491
11 161
8 551
8 888
After tax
13 009
11 339
13 949
13 612
Living cost
15 153
15 153
15 153
15 153
Free-cash
-2 144
-3 814
-1 204
-1 541

Estimated living cost  is ₴15153 per week

₴8788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3418
₴3279
₴3303
₴4026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 570
income
-
-
-
3 375
total
-
-
-
8 050
Employee
16 668
-
22 500
-
health
1 163
-
1 570
-
social contributions
2 301
-
3 105
-
income
2 780
-
4 122
-
total
6 244
-
8 797
-
Employer
16 668
-
22 500
-
total
-
-
-
-
Corporate
5 832
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%.

292
1 125
-
-
total
292
1 125
-
-
Dividends
5 540
21 375
-
-
health
434
1 492
-
-
social contributions
857
2 950
-
-
withholding
831
3 206
-
-
total
2 122
7 648
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 658
8 773
8 797
8 050
After tax
13 842
13 727
13 703
14 450
Living cost
10 424
10 424
10 424
10 424
Free-cash
3 418
3 303
3 279
4 026

Estimated living cost  is ₴10424 per week

₴6976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
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.
₴2565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9700
-₴8584
-₴6017
-₴4743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 721
surtax
-
-
-
97
income
-
-
-
835
chamber of commerce
-
-
-
90
pensions
-
-
-
4 163
unemployment
-
-
-
3 015
total
-
-
-
9 921
Employee
24 568
19 591
19 591
-
unemployment
737
588
518
-
pensions
2 516
2 006
1 768
-
health
951
758
668
-
income
2 797
1 445
1 550
-
other
245
196
173
-
total
7 246
4 993
4 677
-
Employer
24 568
19 591
19 591
-
chamber of commerce
98
78
78
-
pensions
3 083
2 459
2 166
-
other
1 167
930
911
-
health
928
741
652
-
unemployment
737
588
518
-
accident
319
255
225
-
surtax
97
97
97
-
payroll
737
588
588
-
total
7 166
5 736
5 235
-
Corporate
1 866
1 866
15 400
-
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.

466
466
3 850
-
total
466
466
3 850
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 878
11 195
13 762
9 921
After tax
7 622
11 305
8 738
12 579
Living cost
17 322
17 322
17 322
17 322
Free-cash
-9 700
-6 017
-8 584
-4 743

Estimated living cost  is ₴17322 per week

₴11553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22899
-₴7890
-₴5207
-₴5038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 070
communal

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

-
-
-
1 226
national
-
-
-
6 318
total
-
-
-
9 614
Employee

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

35 165
-
17 427
-
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.

306
-
152
-
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.

2 637
-
1 307
-
national
10 811
-
4 205
-
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.

1 652
-
819
-
communal

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

1 834
-
909
-
total
17 240
-
7 392
-
Employer

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

35 165
-
17 427
-
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.

3 116
-
1 544
-
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.

2 162
-
1 072
-
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.

513
-
255
-
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.

457
-
227
-
surtax
3 987
-
1 976
-
total
10 235
-
5 074
-
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.

-
5 193
-
-
total
-
5 193
-
-
Income
22 500
22 500
22 500
22 500
Total tax
27 475
9 783
12 466
9 614
After tax
-4 975
12 717
10 034
12 886
Living cost
17 924
17 924
17 924
17 924
Free-cash
-22 899
-5 207
-7 890
-5 038

Estimated living cost  is ₴17924 per week

₴11546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
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.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9771
-₴5030
-₴2533
-₴5202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
202
income
-
-
-
3 199
pensions
-
-
-
6 367
other
-
-
-
22
unemployment
-
-
-
158
total
-
-
-
9 948
Employee
24 471
-
17 060
-
unemployment
380
-
264
-
pensions
1 150
-
801
-
income
5 163
-
3 254
-
other
24
-
17
-
total
6 717
-
4 336
-
Employer
24 471
-
17 060
-
pensions
5 775
-
4 026
-
other
195
-
137
-
unemployment
1 346
-
939
-
accident
484
-
338
-
total
7 800
-
5 440
-
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
-
3 904
-
-
total
-
3 904
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 517
7 279
9 776
9 948
After tax
7 983
15 221
12 724
12 552
Living cost
17 754
17 754
17 754
17 754
Free-cash
-9 771
-2 533
-5 030
-5 202

Estimated living cost  is ₴17754 per week

₴13074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1259
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19177
-₴11685
-₴12560
-₴11685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
211
health
-
-
-
1 754
income
-
-
-
586
surtax
-
-
-
1 175
pensions
-
-
-
3 743
communal
-
-
-
-
total
-
-
-
7 469
Employee
37 229
-
19 704
-
pensions
2 978
-
1 871
-
health
1 657
-
1 041
-
income
3 596
-
586
-
surtax
2 282
-
1 175
-
total
10 513
-
4 673
-
Employer
37 229
-
19 704
-
pensions
2 978
-
1 871
-
health
1 135
-
714
-
accident
335
-
211
-
total
4 448
-
2 796
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
communal
-
1 519
-
-
surtax
-
236
-
-
total
-
5 130
-
-
Dividends
-
17 370
-
-
income
-
608
-
-
withholding
-
2 606
-
-
total
-
3 214
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 961
8 344
7 469
7 469
After tax
7 539
14 156
15 031
15 031
Living cost
26 716
26 716
26 716
26 716
Free-cash
-19 177
-12 560
-11 685
-11 685

Estimated living cost  is ₴26716 per week

₴20041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
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.
₴4773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1547
₴1324
₴3111
₴1878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 598
income
-
-
-
3 258
surtax
-
-
-
112
pensions
-
-
-
4 500
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
9 580
Employee
16 555
-
18 586
-
unemployment
1 152
-
1 294
-
pensions
1 105
-
1 240
-
health
423
-
474
-
income
2 775
-
3 116
-
other
-
-
-
-
surtax
59
-
96
-
total
5 514
-
6 220
-
Employer
16 555
-
18 586
-
pensions
2 207
-
2 478
-
other
-
-
-
-
health
753
-
846
-
unemployment
525
-
590
-
total
3 485
-
3 914
-
Corporate
2 459
22 500
-
-
income
639
5 850
-
-
total
639
5 850
-
-
Dividends
1 820
16 650
-
-
withholding
273
2 497
-
-
total
273
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 911
8 347
10 134
9 580
After tax
12 589
14 153
12 366
12 920
Living cost
11 042
11 042
11 042
11 042
Free-cash
1 547
3 111
1 324
1 878

Estimated living cost  is ₴11042 per week

₴6667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
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.
₴3160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4771
-₴2219
-₴1417
-₴955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 787
municipal
-
-
-
133
regional
-
-
-
339
national
-
-
-
3 953
total
-
-
-
10 212
Employee
27 270
-
22 500
-
regional
367
-
303
-
municipal
145
-
119
-
national
4 320
-
3 467
-
social contributions
9 196
-
7 587
-
total
14 028
-
11 476
-
Employer
27 270
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
1 119
-
-
nationa
-
5 400
-
-
total
-
6 519
-
-
Dividends
-
15 982
-
-
withholding
-
4 155
-
-
total
-
4 155
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 028
10 674
11 476
10 212
After tax
8 472
11 826
11 024
12 288
Living cost
13 243
13 243
13 243
13 243
Free-cash
-4 771
-1 417
-2 219
-955

Estimated living cost  is ₴13243 per week

₴8236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7153
-₴3630
₴443
-₴4090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 038
income
-
-
-
1 934
solidarity contribution
-
-
-
-
total
-
-
-
11 542
Employee
22 129
-
16 791
-
solidarity contribution
-
-
-
-
health
2 987
-
2 267
-
social contributions
1 438
-
1 091
-
income
2 656
-
2 015
-
total
7 081
-
5 373
-
Employer
22 129
-
16 791
-
health
1 992
-
1 511
-
social contributions
5 532
-
4 198
-
total
7 524
-
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
14 605
7 009
11 082
11 542
After tax
7 895
15 491
11 418
10 958
Living cost
15 048
15 048
15 048
15 048
Free-cash
-7 153
443
-3 630
-4 090

Estimated living cost  is ₴15048 per week

₴11191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5642
-₴6899
-₴4282
-₴3008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 721
surtax
-
-
-
-
income
-
-
-
835
chamber of commerce
-
-
-
90
pensions
-
-
-
4 163
unemployment
-
-
-
3 015
total
-
-
-
9 824
Employee
21 489
19 591
19 591
-
unemployment
645
588
521
-
pensions
2 201
2 006
1 776
-
health
831
758
671
-
income
1 914
1 445
1 547
-
other
215
196
174
-
total
5 806
4 993
4 689
-
Employer
21 489
19 591
19 591
-
chamber of commerce
86
78
78
-
pensions
2 697
2 459
2 176
-
other
1 021
930
911
-
health
813
741
656
-
unemployment
645
588
521
-
accident
279
255
226
-
surtax
-
-
-
-
payroll
645
588
588
-
total
6 186
5 639
5 156
-
Corporate
1 866
1 866
15 478
-
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.

466
466
3 870
-
total
466
466
3 870
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 458
11 098
13 715
9 824
After tax
10 042
11 402
8 785
12 676
Living cost
15 684
15 684
15 684
15 684
Free-cash
-5 642
-4 282
-6 899
-3 008

Estimated living cost  is ₴15684 per week

₴9408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13872
₴11682
₴15057
₴15957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 897
-
22 500
-
income
1 580
-
4 500
-
total
1 580
-
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%.

14 603
22 500
-
-
total
-
-
-
-
Dividends
14 603
22 500
-
-
withholding
730
1 125
-
-
total
730
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
2 310
1 125
4 500
225
After tax
20 190
21 375
18 000
22 275
Living cost
6 318
6 318
6 318
6 318
Free-cash
13 872
15 057
11 682
15 957

Estimated living cost  is ₴6318 per week

₴4275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2625
-₴1292
₴2306
-₴578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 214
income
-
-
-
3 535
pensions
-
-
-
4 109
unemployment
-
-
-
34
total
-
-
-
9 892
Employee

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

21 739
-
19 468
-
unemployment
31
-
27
-
pensions
3 370
-
3 018
-
health
1 404
-
1 258
-
income
3 749
-
3 271
-
total
8 554
-
7 574
-
Employer

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

21 739
-
19 468
-
pensions
1 924
-
1 723
-
health
1 448
-
1 297
-
unemployment
13
-
12
-
total
3 385
-
3 032
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 733
-
-
total
-
2 733
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 939
7 008
10 606
9 892
After tax
10 561
15 492
11 894
12 608
Living cost
13 186
13 186
13 186
13 186
Free-cash
-2 625
2 306
-1 292
-578

Estimated living cost  is ₴13186 per week

₴9049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴50977
-₴5246
-₴7574
-₴5714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 489
-
-
-
social contributions
2 500
-
356
-
income
6 725
-
-
-
total
9 225
-
356
-
Employer
30 489
-
-
-
social contributions
42 989
-
6 127
-
total
42 989
-
6 127
-
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
52 214
8 811
6 483
6 951
After tax
-29 714
13 689
16 017
15 549
Living cost
21 263
21 263
21 263
21 263
Free-cash
-50 977
-7 574
-5 246
-5 714

Estimated living cost  is ₴21263 per week

₴13797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5480
-₴2739
-₴2622
-₴2260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 521
surtax
-
-
-
-
total
-
-
-
9 340
Employee
22 610
-
18 182
-
social contributions
2 487
-
2 000
-
income
4 703
-
3 501
-
surtax
-
-
-
-
total
7 190
-
5 501
-
Employer
22 610
-
18 182
-
social contributions
5 370
-
4 318
-
total
5 370
-
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
12 560
9 702
9 819
9 340
After tax
9 940
12 798
12 681
13 160
Living cost
15 420
15 420
15 420
15 420
Free-cash
-5 480
-2 622
-2 739
-2 260

Estimated living cost  is ₴15420 per week

₴11537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴910
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.
₴2716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17906
-₴9795
-₴12405
-₴10132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
641
health
-
-
-
195
income
-
-
-
721
surtax
-
-
-
-
pensions
-
-
-
6 633
other
-
-
-
698
total
-
-
-
8 888
Employee
30 790
-
17 144
-
pensions
3 483
-
1 940
-
social contributions
877
-
488
-
income
2 686
-
771
-
surtax
-
-
-
-
total
7 046
-
3 199
-
Employer
30 790
-
17 144
-
pensions
5 059
-
2 816
-
other
1 063
-
591
-
health
2 155
-
1 200
-
unemployment
1 247
-
694
-
social contributions
92
-
51
-
total
9 616
-
5 352
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 787
-
-
withholding
-
2 074
-
-
total
-
4 861
-
-
Income
22 500
22 500
22 500
22 500
Total tax
16 662
11 161
8 551
8 888
After tax
5 838
11 339
13 949
13 612
Living cost
23 744
23 744
23 744
23 744
Free-cash
-17 906
-12 405
-9 795
-10 132

Estimated living cost  is ₴23744 per week

₴16069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3822
₴3437
₴5473
₴2773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 950
income
-
-
-
-
total
-
-
-
4 950
Employee
15 804
-
19 480
-
social contributions
1 027
-
1 266
-
income
-
-
-
-
total
1 027
-
1 266
-
Employer
15 804
-
19 480
-
social contributions
2 450
-
3 020
-
total
2 450
-
3 020
-
Corporate
4 246
22 500
-
-
income
424
2 250
-
-
total
424
2 250
-
-
Dividends
3 821
20 250
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
3 901
2 250
4 286
4 950
After tax
18 599
20 250
18 214
17 550
Living cost
14 777
14 777
14 777
14 777
Free-cash
3 822
5 473
3 437
2 773

Estimated living cost  is ₴14777 per week

₴9555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
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.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴84519
-₴84519
-₴84519
-₴8684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
3 355
pensions
-
-
-
426
labour market
-
-
-
1 766
national
-
-
-
1 981
total
-
-
-
7 528
Employee
99 845
99 845
99 845
-
pensions
142
142
142
-
municipal
21 261
21 261
21 261
-
national
12 198
12 198
12 198
-
labour market
7 976
7 976
7 976
-
total
41 577
41 577
41 577
-
Employer
99 845
99 845
99 845
-
municipal
21 295
21 295
21 295
-
pensions
284
284
284
-
national
12 219
12 219
12 219
-
labour market
7 988
7 988
7 988
-
total
41 786
41 786
41 786
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
83 363
83 363
83 363
7 528
After tax
-60 863
-60 863
-60 863
14 972
Living cost
23 656
23 656
23 656
23 656
Free-cash
-84 519
-84 519
-84 519
-8 684

Estimated living cost  is ₴23656 per week

₴16190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2093
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴168
₴1095
-₴8964
₴4829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
3 418
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
6 884
Employee
16 968
-
18 691
-
pensions
1 911
-
2 105
-
health
1 943
-
2 140
-
income
2 328
-
2 564
-
total
6 182
-
6 809
-
Employer
16 968
-
18 691
-
pensions
2 759
-
3 039
-
unemployment
416
-
458
-
accident
283
-
312
-
total
3 458
-
3 809
-
Corporate
2 074
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.

1 866
20 250
-
-
total
1 866
20 250
-
-
Dividends
207
2 250
-
-
withholding
39
427
-
-
total
39
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 545
20 677
10 618
6 884
After tax
10 955
1 823
11 882
15 616
Living cost
10 787
10 787
10 787
10 787
Free-cash
168
-8 964
1 095
4 829

Estimated living cost  is ₴10787 per week

₴7851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8243
-₴4756
-₴3304
-₴896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
141
municipal
-
-
-
4 025
national
-
-
-
356
total
-
-
-
4 522
Employee
25 864
-
18 929
-
unemployment
388
-
284
-
pensions
1 745
-
1 278
-
municipal
4 236
-
3 110
-
national
427
-
51
-
health
193
-
87
-
total
6 989
-
4 810
-
Employer
25 864
-
18 929
-
pensions
4 487
-
3 284
-
health
199
-
146
-
unemployment
168
-
123
-
accident
26
-
19
-
total
4 880
-
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
-
-
national
-
-
-
-
municipal
-
2 430
-
-
total
-
2 430
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 869
6 930
8 382
4 522
After tax
10 631
15 570
14 118
17 978
Living cost
18 874
18 874
18 874
18 874
Free-cash
-8 243
-3 304
-4 756
-896

Estimated living cost  is ₴18874 per week

₴12328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1815
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2567
₴2983
₴2
₴6989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
574
income
-
-
-
45
total
-
-
-
4 129
Employee
37 802
37 802
37 802
-
health
293
643
347
-
social contributions
1 429
3 137
1 695
-
income
4 116
3 499
4 020
-
total
5 838
7 279
6 062
-
Employer
37 802
37 802
37 802
-
health
318
700
378
-
social contributions
1 429
3 137
1 695
-
total
1 747
3 837
2 073
-
Corporate
3 533
-
-
-
income
441
-
-
-
total
441
-
-
-
Dividends
3 091
-
-
-
withholding
525
-
-
-
total
525
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 551
11 116
8 135
4 129
After tax
13 949
11 384
14 365
18 371
Living cost
11 382
11 382
11 382
11 382
Free-cash
2 567
2
2 983
6 989

Estimated living cost  is ₴11382 per week

₴6821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴8326
₴6166
₴10828
₴8015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 779
income
-
-
-
1 760
pensions
-
-
-
3 127
unemployment
-
-
-
14
total
-
-
-
6 680
Employee

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

11 284
-
20 399
-
unemployment
56
-
102
-
pensions
1 692
-
3 060
-
health
959
-
1 734
-
income
772
-
1 532
-
total
3 479
-
6 428
-
Employer

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

11 284
-
20 399
-
pensions
620
-
1 122
-
health
485
-
877
-
unemployment
56
-
102
-
total
1 161
-
2 101
-
Corporate
10 055
22 500
-
-
income
905
2 025
-
-
total
905
2 025
-
-
Dividends
9 150
20 475
-
-
withholding
824
1 842
-
-
total
824
1 842
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 369
3 867
8 529
6 680
After tax
16 131
18 633
13 971
15 820
Living cost
7 805
7 805
7 805
7 805
Free-cash
8 326
10 828
6 166
8 015

Estimated living cost  is ₴7805 per week

₴4980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2030
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1473
-₴794
₴1703
-₴966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
202
income
-
-
-
3 199
pensions
-
-
-
6 367
other
-
-
-
22
unemployment
-
-
-
158
total
-
-
-
9 948
Employee
18 177
-
17 060
-
unemployment
282
-
264
-
pensions
855
-
801
-
income
3 504
-
3 254
-
other
18
-
17
-
total
4 659
-
4 336
-
Employer
18 177
-
17 060
-
pensions
4 290
-
4 026
-
other
146
-
137
-
unemployment
1 000
-
939
-
accident
360
-
338
-
total
5 796
-
5 440
-
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
-
3 904
-
-
total
-
3 904
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 455
7 279
9 776
9 948
After tax
12 045
15 221
12 724
12 552
Living cost
13 518
13 518
13 518
13 518
Free-cash
-1 473
1 703
-794
-966

Estimated living cost  is ₴13518 per week

₴9125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
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.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12921
₴13030
₴13078
₴13097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
509
income
-
-
-
7 230
pensions
-
-
-
702
total
-
-
-
8 441
Employee
1 465
-
21 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
health
73
-
175
-
income
283
-
7 193
-
total
503
-
7 719
-
Employer
1 465
-
21 711
-
pensions
161
-
386
-
health
139
-
333
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
20 705
22 500
-
-
income
4 555
4 950
-
-
total
4 555
4 950
-
-
Dividends
16 150
17 550
-
-
withholding
3 230
3 510
-
-
total
3 230
3 510
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 617
8 460
8 508
8 441
After tax
13 883
14 040
13 992
14 059
Living cost
962
962
962
962
Free-cash
12 921
13 078
13 030
13 097

Estimated living cost  is ₴962 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5340
₴3765
₴7757
₴2797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 317
income
-
-
-
2 699
pensions
-
-
-
5 850
unemployment
-
-
-
338
total
-
-
-
11 204
Employee

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

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

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

12 815
-
19 084
-
unemployment
96
-
143
-
pensions
1 794
-
2 672
-
health
660
-
983
-
income
1 766
-
3 022
-
total
4 316
-
6 820
-
Employer

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

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

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

12 815
-
19 084
-
pensions
1 538
-
2 290
-
health
660
-
983
-
unemployment
96
-
143
-
total
2 294
-
3 416
-
Corporate
7 391
22 500
-
-
income
1 109
3 375
-
-
total
1 109
3 375
-
-
Dividends
6 282
19 125
-
-
withholding
942
2 869
-
-
total
942
2 869
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 661
6 244
10 236
11 204
After tax
13 839
16 256
12 264
11 296
Living cost
8 499
8 499
8 499
8 499
Free-cash
5 340
7 757
3 765
2 797

Estimated living cost  is ₴8499 per week

₴5722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴1873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1111
-₴572
-₴455
-₴93
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 521
surtax
-
-
-
-
total
-
-
-
9 340
Employee
19 080
-
18 182
-
social contributions
2 099
-
2 000
-
income
3 728
-
3 501
-
surtax
-
-
-
-
total
5 827
-
5 501
-
Employer
19 080
-
18 182
-
social contributions
4 531
-
4 318
-
total
4 531
-
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
10 358
9 702
9 819
9 340
After tax
12 142
12 798
12 681
13 160
Living cost
13 253
13 253
13 253
13 253
Free-cash
-1 111
-455
-572
-93

Estimated living cost  is ₴13253 per week

₴9387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8812
-₴4553
-₴2056
-₴4725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
202
income
-
-
-
3 199
pensions
-
-
-
6 367
other
-
-
-
22
unemployment
-
-
-
158
total
-
-
-
9 948
Employee
23 742
-
17 060
-
unemployment
368
-
264
-
pensions
1 116
-
801
-
income
4 959
-
3 254
-
other
23
-
17
-
total
6 466
-
4 336
-
Employer
23 742
-
17 060
-
pensions
5 603
-
4 026
-
other
190
-
137
-
unemployment
1 306
-
939
-
accident
470
-
338
-
total
7 569
-
5 440
-
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
-
3 904
-
-
total
-
3 904
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 035
7 279
9 776
9 948
After tax
8 465
15 221
12 724
12 552
Living cost
17 277
17 277
17 277
17 277
Free-cash
-8 812
-2 056
-4 553
-4 725

Estimated living cost  is ₴17277 per week

₴12408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7785
₴6275
₴10781
₴6084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 975
income
-
-
-
3 375
pensions

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

-
-
-
2 541
unemployment
-
-
-
69
total
-
-
-
7 960
Employee
11 198
-
19 131
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

983
-
1 508
-
health
515
-
790
-
income
1 120
-
1 913
-
total
2 741
-
4 400
-
Employer
11 198
-
19 131
-
pensions

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

1 234
-
1 892
-
health
773
-
1 185
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
total
2 197
-
3 369
-
Corporate
9 106
22 500
-
-
income
911
2 250
-
-
total
911
2 250
-
-
Dividends
8 195
20 250
-
-
withholding
410
1 013
-
-
total
410
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 259
3 263
7 769
7 960
After tax
16 241
19 237
14 731
14 540
Living cost
8 456
8 456
8 456
8 456
Free-cash
7 785
10 781
6 275
6 084

Estimated living cost  is ₴8456 per week

₴5593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1959
-₴1398
-₴7294
-₴1398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 358
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.

-
-
-
1 480
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.

-
-
-
81
total
-
-
-
4 919
Employee

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

24 460
-
22 500
-
health

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

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

3 358
-
3 358
-
income

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

2 011
-
1 480
-
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.

111
-
81
-
total
5 480
-
4 919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
chamber of commerce
-
107
-
-
surtax

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

-
186
-
-
trade
-
3 229
-
-
total
-
6 897
-
-
Dividends
-
15 603
-
-
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
-
-
withholding
-
3 714
-
-
total
-
3 918
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 480
10 815
4 919
4 919
After tax
17 020
11 685
17 581
17 581
Living cost
18 979
18 979
18 979
18 979
Free-cash
-1 959
-7 294
-1 398
-1 398

Estimated living cost  is ₴18979 per week

₴13092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
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.
₴3569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15955
-₴9904
-₴12255
-₴9904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 439
income
-
-
-
2 961
total
-
-
-
4 400
Employee
38 454
-
22 500
-
social contributions
3 195
-
1 439
-
income
7 256
-
2 961
-
total
10 451
-
4 400
-
Employer
38 454
-
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
10 451
6 751
4 400
4 400
After tax
12 049
15 749
18 100
18 100
Living cost
28 004
28 004
28 004
28 004
Free-cash
-15 955
-12 255
-9 904
-9 904

Estimated living cost  is ₴28004 per week

₴21305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3779
-₴1418
-₴5414
-₴12382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 994
health

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

-
-
-
3 043
total
-
-
-
17 037
Employee
22 552
-
20 451
-
social contributions
2 260
-
2 049
-
income
2 447
-
1 975
-
total
4 707
-
4 024
-
Employer
22 552
-
20 451
-
social contributions
2 260
-
2 049
-
total
2 260
-
2 049
-
Corporate
-
22 500
-
-
income
-
7 875
-
-
total
-
7 875
-
-
Dividends
-
14 625
-
-
social contributions
1 467
2 194
-
-
total
1 467
2 194
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 434
10 069
6 073
17 037
After tax
14 066
12 431
16 427
5 463
Living cost
17 845
17 845
17 845
17 845
Free-cash
-3 779
-5 414
-1 418
-12 382

Estimated living cost  is ₴17845 per week

₴11755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4970
-₴2955
-₴1010
-₴845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 256
pensions
-
-
-
1 221
total
-
-
-
5 477
Employee
24 526
-
20 231
-
pensions
1 872
-
1 357
-
health
320
-
232
-
income
4 466
-
3 728
-
total
6 658
-
5 317
-
Employer
24 526
-
20 231
-
pensions
2 478
-
1 885
-
health
466
-
385
-
total
2 944
-
2 270
-
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
9 602
5 642
7 587
5 477
After tax
12 898
16 858
14 913
17 023
Living cost
17 868
17 868
17 868
17 868
Free-cash
-4 970
-1 010
-2 955
-845

Estimated living cost  is ₴17868 per week

₴12257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4
₴27
-₴10032
₴3761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
3 418
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
6 884
Employee
18 648
-
18 691
-
pensions
2 100
-
2 105
-
health
2 135
-
2 140
-
income
2 558
-
2 564
-
total
6 793
-
6 809
-
Employer
18 648
-
18 691
-
pensions
3 032
-
3 039
-
unemployment
457
-
458
-
accident
311
-
312
-
total
3 800
-
3 809
-
Corporate
52
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.

47
20 250
-
-
total
47
20 250
-
-
Dividends
5
2 250
-
-
withholding
1
427
-
-
total
1
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 641
20 677
10 618
6 884
After tax
11 859
1 823
11 882
15 616
Living cost
11 855
11 855
11 855
11 855
Free-cash
4
-10 032
27
3 761

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10099
₴6935
₴12488
₴6935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 741
health insurance
-
-
-
1 665
pensions
-
-
-
4 140
unemployment
-
-
-
270
work injury
-
-
-
112
total
-
-
-
8 928
Employee

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

10 619
-
22 500
-
unemployment
127
-
270
-
pensions
1 954
-
4 140
-
work injury
53
-
112
-
income
1 062
-
2 741
-
health insurance
786
-
1 665
-
total
3 982
-
8 928
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 881
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
11 881
22 500
-
-
withholding
1 782
3 375
-
-
total
1 782
3 375
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 764
3 375
8 928
8 928
After tax
16 736
19 125
13 572
13 572
Living cost
6 637
6 637
6 637
6 637
Free-cash
10 099
12 488
6 935
6 935

Estimated living cost  is ₴6637 per week

₴4112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18925
-₴8539
-₴7732
-₴7291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 787
municipal
-
-
-
150
regional
-
-
-
317
national
-
-
-
3 953
total
-
-
-
10 207
Employee
41 425
-
22 500
-
regional
625
-
267
-
municipal
247
-
134
-
national
7 001
-
3 467
-
social contributions
13 968
-
7 587
-
total
21 841
-
11 455
-
Employer
41 425
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
1 084
-
-
nationa
-
5 400
-
-
total
-
6 484
-
-
Dividends
-
16 016
-
-
withholding
-
4 164
-
-
total
-
4 164
-
-
Income
22 500
22 500
22 500
22 500
Total tax
21 841
10 648
11 455
10 207
After tax
659
11 852
11 045
12 293
Living cost
19 584
19 584
19 584
19 584
Free-cash
-18 925
-7 732
-8 539
-7 291

Estimated living cost  is ₴19584 per week

₴13757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴4184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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