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
₴2162
-₴4013
₴2162
₴1637
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 490
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.

-
-
-
1 305
surtax

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

-
-
-
72
trade
-
-
-
-
total
-
-
-
4 867
Employee

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

19 537
-
22 500
-
surtax

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

30
-
72
-
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.

546
-
1 305
-
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.

3 490
-
3 490
-
total
4 066
-
4 867
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 963
22 500
-
-
chamber of commerce
81
110
-
-
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.

24
186
-
-
trade
467
3 544
-
-
income
445
3 375
-
-
total
1 017
7 215
-
-
Dividends
1 946
15 285
-
-
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.

16
200
-
-
withholding
293
3 627
-
-
total
309
3 827
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 392
11 042
4 867
4 867
After tax
17 108
11 458
17 633
17 633
Living cost
15 471
15 471
15 471
15 471
Free-cash
1 637
-4 013
2 162
2 162

Estimated living cost  is ₴15471 per week

₴9732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12203
-₴12898
-₴12380
-₴23049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
242
pensions
-
-
-
2 700
national
-
-
-
3 039
municipal
-
-
-
1 961
total
-
-
-
7 942
Employee
41 760
-
19 451
-
municipal
5 158
-
2 048
-
national
7 993
-
3 174
-
pensions
1 670
-
778
-
total
14 821
-
6 000
-
Employer
41 760
-
19 451
-
pensions
3 341
-
1 556
-
social contributions
449
-
209
-
total
3 790
-
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
18 611
8 460
7 765
7 942
After tax
3 889
14 040
14 735
14 558
Living cost
26 938
26 938
26 938
26 938
Free-cash
-23 049
-12 898
-12 203
-12 380

Estimated living cost  is ₴26938 per week

₴18310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2282
₴7373
₴6890
₴3183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 608
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
3 375
total
-
-
-
4 983
Employee
14 925
-
18 132
-
surtax
-
-
-
-
social contributions

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

1 642
-
1 995
-
income
2 657
-
3 228
-
total
4 299
-
5 223
-
Employer
14 925
-
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.

3 595
-
4 368
-
total
3 595
-
4 368
-
Corporate
3 979
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%.

796
4 500
-
-
total
796
4 500
-
-
Dividends

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

3 184
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 690
4 500
9 591
4 983
After tax
13 810
18 000
12 909
17 517
Living cost
10 627
10 627
10 627
10 627
Free-cash
3 183
7 373
2 282
6 890

Estimated living cost  is ₴10627 per week

₴6779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28222
-₴25356
-₴8467
-₴28222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 065
pensions
-
-
-
4 050
total
-
-
-
9 569
Employee
43 619
43 619
43 619
-
income

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

7 140
7 140
7 140
-
pensions
7 851
5 985
7 851
-
health
6 695
5 695
6 695
-
total
21 686
18 820
21 686
-
Employer
43 619
43 619
43 619
-
unemployment
1 570
1 570
1 570
-
health
3 032
3 032
3 032
-
pensions
3 036
3 036
3 036
-
total
7 638
7 638
7 638
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
29 324
26 458
29 324
9 569
After tax
-6 824
-3 958
-6 824
12 931
Living cost
21 398
21 398
21 398
21 398
Free-cash
-28 222
-25 356
-28 222
-8 467

Estimated living cost  is ₴21398 per week

₴15164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8901
-₴8632
-₴9700
-₴16670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
2 614
health
-
-
-
1 404
accident
-
-
-
45
pensions
-
-
-
2 432
national
-
-
-
-
unemployment
-
-
-
22
municipal
-
-
-
4 766
total
-
-
-
11 283
Employee
29 805
-
17 121
-
municipal
8 888
-
5 105
-
national
-
-
-
-
total
8 888
-
5 105
-
Employer
29 805
-
17 121
-
other
3 463
-
1 989
-
unemployment
787
-
452
-
health
1 833
-
1 053
-
accident
60
-
34
-
pensions
3 222
-
1 851
-
total
9 365
-
5 379
-
Corporate
-
22 500
-
-
income
-
4 950
-
-
total
-
4 950
-
-
Dividends
-
17 550
-
-
withholding
-
5 265
-
-
total
-
5 265
-
-
Income
22 500
22 500
22 500
22 500
Total tax
18 253
10 215
10 484
11 283
After tax
4 247
12 285
12 016
11 217
Living cost
20 917
20 917
20 917
20 917
Free-cash
-16 670
-8 632
-8 901
-9 700

Estimated living cost  is ₴20917 per week

₴13863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
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.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2433
-₴8724
-₴2433
-₴3404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 490
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.

-
-
-
1 305
surtax

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

-
-
-
72
trade
-
-
-
-
total
-
-
-
4 867
Employee

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

25 903
-
22 500
-
surtax

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

122
-
72
-
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.

2 226
-
1 305
-
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.

3 490
-
3 490
-
total
5 838
-
4 867
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
chamber of commerce
-
110
-
-
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
-
-
income
-
3 375
-
-
total
-
7 372
-
-
Dividends
-
15 128
-
-
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
-
3 588
-
-
total
-
3 786
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 838
11 158
4 867
4 867
After tax
16 662
11 342
17 633
17 633
Living cost
20 066
20 066
20 066
20 066
Free-cash
-3 404
-8 724
-2 433
-2 433

Estimated living cost  is ₴20066 per week

₴13420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2116
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.
₴4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2383
-₴5618
₴1849
-₴2826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
total
-
-
-
4 084
Employee
39 277
39 277
39 277
-
social contributions
1 909
3 260
1 695
-
income
4 124
3 636
4 201
-
health
391
668
347
-
total
6 424
7 564
6 243
-
Employer
39 277
39 277
39 277
-
health
426
727
378
-
social contributions
1 909
3 260
1 695
-
total
2 335
3 987
2 073
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 759
11 551
8 316
4 084
After tax
13 741
10 949
14 184
18 416
Living cost
16 567
16 567
16 567
16 567
Free-cash
-2 826
-5 618
-2 383
1 849

Estimated living cost  is ₴16567 per week

₴11325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1294
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.
₴3670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3450
₴3193
₴5994
₴3394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 848
5 511
18 828
-
income
1 693
674
2 302
-
pensions
1 385
551
1 883
-
health
969
386
1 318
-
unemployment
208
83
282
-
total
4 255
1 694
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.

13 848
5 511
18 828
-
pensions
2 700
1 075
3 672
-
total
2 700
1 075
3 672
-
Corporate
5 952
15 914
-
-
income
536
1 432
-
-
total
536
1 432
-
-
Dividends
5 416
14 482
-
-
social contributions
993
2 761
-
-
withholding
1 029
2 752
-
-
total
2 022
5 513
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 513
9 714
9 457
6 913
After tax
12 987
12 786
13 043
15 587
Living cost
9 593
9 593
9 593
9 593
Free-cash
3 394
3 193
3 450
5 994

Estimated living cost  is ₴9593 per week

₴6546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴192
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴1544
₴5663
₴763
₴2491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 975
pensions
-
-
-
4 500
total
-
-
-
9 400
Employee
14 490
-
16 816
-
income
1 631
-
2 329
-
pensions
290
-
336
-
unemployment
232
-
269
-
total
2 153
-
2 934
-
Employer
14 490
-
16 816
-
unemployment
116
-
135
-
health
1 883
-
2 186
-
pensions
2 898
-
3 364
-
total
4 897
-
5 685
-
Corporate
3 112
22 500
-
-
income
622
4 500
-
-
total
622
4 500
-
-
Dividends
2 490
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 672
4 500
8 619
9 400
After tax
14 828
18 000
13 881
13 100
Living cost
12 337
12 337
12 337
12 337
Free-cash
2 491
5 663
1 544
763

Estimated living cost  is ₴12337 per week

₴8462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴554
-₴9507
₴4227
₴84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
3 357
pensions
-
-
-
2 143
total
-
-
-
6 944
Employee
17 821
-
18 691
-
income
2 445
-
2 564
-
pensions
2 007
-
2 104
-
health
2 040
-
2 140
-
total
6 492
-
6 808
-
Employer
17 821
-
18 691
-
unemployment
437
-
458
-
accident
297
-
312
-
pensions
2 898
-
3 039
-
total
3 632
-
3 809
-
Corporate
1 047
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.

943
20 250
-
-
total
943
20 250
-
-
Dividends
105
2 250
-
-
withholding
20
428
-
-
total
20
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 087
20 678
10 617
6 944
After tax
11 413
1 822
11 883
15 556
Living cost
11 329
11 329
11 329
11 329
Free-cash
84
-9 507
554
4 227

Estimated living cost  is ₴11329 per week

₴8303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13756
₴17131
₴18031
₴16335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 305
-
22 500
-
income
1 061
-
4 500
-
total
1 061
-
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%.

17 195
22 500
-
-
total
-
-
-
-
Dividends
17 195
22 500
-
-
withholding
860
1 125
-
-
total
860
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
1 921
1 125
4 500
225
After tax
20 579
21 375
18 000
22 275
Living cost
4 244
4 244
4 244
4 244
Free-cash
16 335
17 131
13 756
18 031

Estimated living cost  is ₴4244 per week

₴2630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴420
₴2920
-₴1427
-₴720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
1 069
health
-
-
-
990
income
-
-
-
2 858
pensions

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

-
-
-
5 400
total
-
-
-
10 317
Employee
18 546
-
17 971
-
income
3 193
-
3 093
-
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.

1 298
-
1 258
-
health
260
-
252
-
unemployment
185
-
179
-
total
4 936
-
4 782
-
Employer
18 546
-
17 971
-
other
928
-
899
-
unemployment
185
-
179
-
health
260
-
252
-
accident
148
-
143
-
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.

3 153
-
3 055
-
total
4 674
-
4 528
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
1 245
-
-
total
-
1 245
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 610
5 970
9 310
10 317
After tax
12 890
16 530
13 190
12 183
Living cost
13 610
13 610
13 610
13 610
Free-cash
-720
2 920
-420
-1 427

Estimated living cost  is ₴13610 per week

₴9617
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18758
-₴16889
-₴16693
-₴31792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 264
pensions
-
-
-
1 182
total
-
-
-
5 446
Employee
47 747
-
20 269
-
income
8 607
-
3 747
-
health
787
-
223
-
pensions
4 606
-
1 309
-
total
14 000
-
5 279
-
Employer
47 747
-
20 269
-
health
907
-
386
-
pensions
5 638
-
1 846
-
total
6 545
-
2 232
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
20 545
5 642
7 511
5 446
After tax
1 955
16 858
14 989
17 054
Living cost
33 747
33 747
33 747
33 747
Free-cash
-31 792
-16 889
-18 758
-16 693

Estimated living cost  is ₴33747 per week

₴25287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴7982
₴12630
₴7816
₴10291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 025
income
-
-
-
3 375
pensions

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

-
-
-
2 606
unemployment
-
-
-
70
total
-
-
-
8 076
Employee
8 750
-
19 046
-
income
875
-
1 905
-
accident

We are using the highest rate at 1.1%.

96
-
194
-
pensions

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

768
-
1 546
-
health
402
-
810
-
total
2 141
-
4 455
-
Employer
8 750
-
19 046
-
unemployment
52
-
106
-
health
604
-
1 215
-
accident

We are using the highest rate at 1.1%.

96
-
194
-
pensions

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

964
-
1 940
-
total
1 716
-
3 455
-
Corporate
12 033
22 500
-
-
income
1 203
2 250
-
-
total
1 203
2 250
-
-
Dividends
10 829
20 250
-
-
withholding
541
1 012
-
-
total
541
1 012
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 601
3 262
7 910
8 076
After tax
16 899
19 238
14 590
14 424
Living cost
6 608
6 608
6 608
6 608
Free-cash
10 291
12 630
7 982
7 816

Estimated living cost  is ₴6608 per week

₴3858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35148
-₴32282
-₴15393
-₴33149
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 065
pensions
-
-
-
4 050
total
-
-
-
9 569
Employee
47 356
43 619
43 619
-
income

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

7 140
7 140
7 140
-
pensions
5 985
5 985
7 851
-
health
5 908
5 695
6 695
-
total
19 033
18 820
21 686
-
Employer
47 356
43 619
43 619
-
unemployment
1 705
1 570
1 570
-
health
3 291
3 032
3 032
-
pensions
3 296
3 036
3 036
-
total
8 292
7 638
7 638
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
27 325
26 458
29 324
9 569
After tax
-4 825
-3 958
-6 824
12 931
Living cost
28 324
28 324
28 324
28 324
Free-cash
-33 149
-32 282
-35 148
-15 393

Estimated living cost  is ₴28324 per week

₴20894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1190
₴2883
-₴1650
-₴2345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
18 542
-
16 791
-
social contributions
1 205
-
1 091
-
solidarity contribution
-
-
-
-
income
2 225
-
2 015
-
health
2 503
-
2 267
-
total
5 933
-
5 373
-
Employer
18 542
-
16 791
-
health
1 669
-
1 511
-
social contributions
4 635
-
4 198
-
total
6 304
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 237
7 009
11 082
11 542
After tax
10 263
15 491
11 418
10 958
Living cost
12 608
12 608
12 608
12 608
Free-cash
-2 345
2 883
-1 190
-1 650

Estimated living cost  is ₴12608 per week

₴8758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10389
-₴9547
-₴9118
-₴22894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 931
regional
-
-
-
213
municipal
-
-
-
134
total
-
-
-
10 065
Employee
45 396
-
22 500
-
social contributions
15 307
-
7 587
-
municipal
240
-
119
-
national
7 866
-
3 445
-
regional
428
-
185
-
total
23 841
-
11 336
-
Employer
45 396
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
877
-
-
total
-
6 277
-
-
Dividends
-
16 223
-
-
withholding
-
4 217
-
-
total
-
4 217
-
-
Income
22 500
22 500
22 500
22 500
Total tax
23 841
10 494
11 336
10 065
After tax
-1 341
12 006
11 164
12 435
Living cost
21 553
21 553
21 553
21 553
Free-cash
-22 894
-9 547
-10 389
-9 118

Estimated living cost  is ₴21553 per week

₴15024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1106
₴2881
₴1656
₴1292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
-
health
-
-
-
1 597
income
-
-
-
3 257
pensions
-
-
-
4 500
surtax
-
-
-
103
unemployment
-
-
-
116
total
-
-
-
9 573
Employee
16 891
-
18 587
-
surtax
55
-
87
-
income
2 831
-
3 115
-
other
-
-
-
-
pensions
1 126
-
1 240
-
health
431
-
474
-
unemployment
1 176
-
1 294
-
total
5 619
-
6 210
-
Employer
16 891
-
18 587
-
other
-
-
-
-
unemployment
535
-
589
-
health
769
-
846
-
pensions
2 252
-
2 478
-
total
3 556
-
3 913
-
Corporate
2 053
22 500
-
-
income
534
5 850
-
-
total
534
5 850
-
-
Dividends
1 519
16 650
-
-
withholding
228
2 498
-
-
total
228
2 498
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 937
8 348
10 123
9 573
After tax
12 563
14 152
12 377
12 927
Living cost
11 271
11 271
11 271
11 271
Free-cash
1 292
2 881
1 106
1 656

Estimated living cost  is ₴11271 per week

₴6892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1040
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.
₴3080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8066
-₴6197
-₴6001
-₴13571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 264
pensions
-
-
-
1 182
total
-
-
-
5 446
Employee
31 999
-
20 269
-
income
5 763
-
3 747
-
health
465
-
223
-
pensions
2 716
-
1 309
-
total
8 944
-
5 279
-
Employer
31 999
-
20 269
-
health
608
-
386
-
pensions
3 464
-
1 846
-
total
4 072
-
2 232
-
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
13 016
5 642
7 511
5 446
After tax
9 484
16 858
14 989
17 054
Living cost
23 055
23 055
23 055
23 055
Free-cash
-13 571
-6 197
-8 066
-6 001

Estimated living cost  is ₴23055 per week

₴17273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1728
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴23073
-₴30513
-₴21594
-₴29799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other

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

-
-
-
450
health
-
-
-
133
pensions
-
-
-
2 071
city
-
-
-
236
national
-
-
-
36
regional
-
-
-
366
total
-
-
-
3 292
Employee
47 749
-
19 953
-
national
226
-
20
-
city
512
-
212
-
pensions
4 012
-
1 883
-
health
108
-
45
-
regional
1 564
-
284
-
unemployment
-
-
-
-
total
6 422
-
2 444
-
Employer
47 749
-
19 953
-
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.

955
-
399
-
unemployment
-
-
-
-
health
108
-
45
-
pensions
4 012
-
1 883
-
total
5 075
-
2 327
-
Corporate
-
22 500
-
-
regional
-
4 759
-
-
national
-
1 912
-
-
total
-
6 671
-
-
Dividends
-
15 829
-
-
withholding
-
5 540
-
-
total
-
5 540
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 497
12 211
4 771
3 292
After tax
11 003
10 289
17 729
19 208
Living cost
40 802
40 802
40 802
40 802
Free-cash
-29 799
-30 513
-23 073
-21 594

Estimated living cost  is ₴40802 per week

₴26533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5766
-₴12173
-₴5766
-₴8198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 490
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.

-
-
-
1 305
surtax

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

-
-
-
72
trade
-
-
-
-
total
-
-
-
4 867
Employee

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

30 697
-
22 500
-
surtax

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

199
-
72
-
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.

3 610
-
1 305
-
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.

3 490
-
3 490
-
total
7 299
-
4 867
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
chamber of commerce
-
110
-
-
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
-
-
income
-
3 375
-
-
total
-
7 530
-
-
Dividends
-
14 970
-
-
surtax

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

-
195
-
-
withholding
-
3 549
-
-
total
-
3 744
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 299
11 274
4 867
4 867
After tax
15 201
11 226
17 633
17 633
Living cost
23 399
23 399
23 399
23 399
Free-cash
-8 198
-12 173
-5 766
-5 766

Estimated living cost  is ₴23399 per week

₴17090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3478
-₴6136
-₴3839
-₴6188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
698
social contributions
-
-
-
641
health
-
-
-
195
income
-
-
-
666
pensions
-
-
-
6 663
surtax
-
-
-
-
total
-
-
-
8 863
Employee
21 861
-
17 146
-
surtax
-
-
-
-
social contributions
623
-
489
-
income
1 290
-
720
-
pensions
2 472
-
1 940
-
total
4 385
-
3 149
-
Employer
21 861
-
17 146
-
other
754
-
591
-
unemployment
885
-
694
-
health
1 531
-
1 200
-
pensions
3 591
-
2 817
-
social contributions
66
-
51
-
total
6 827
-
5 353
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
social contributions
-
2 787
-
-
surtax
-
-
-
-
withholding
-
2 073
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 212
11 160
8 502
8 863
After tax
11 288
11 340
13 998
13 637
Living cost
17 476
17 476
17 476
17 476
Free-cash
-6 188
-6 136
-3 478
-3 839

Estimated living cost  is ₴17476 per week

₴11019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1746
-₴4404
-₴2107
-₴3107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
698
social contributions
-
-
-
641
health
-
-
-
195
income
-
-
-
666
pensions
-
-
-
6 663
surtax
-
-
-
-
total
-
-
-
8 863
Employee
19 514
-
17 146
-
surtax
-
-
-
-
social contributions
556
-
489
-
income
1 006
-
720
-
pensions
2 207
-
1 940
-
total
3 769
-
3 149
-
Employer
19 514
-
17 146
-
other
674
-
591
-
unemployment
790
-
694
-
health
1 366
-
1 200
-
pensions
3 206
-
2 817
-
social contributions
58
-
51
-
total
6 094
-
5 353
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
social contributions
-
2 787
-
-
surtax
-
-
-
-
withholding
-
2 073
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 863
11 160
8 502
8 863
After tax
12 637
11 340
13 998
13 637
Living cost
15 744
15 744
15 744
15 744
Free-cash
-3 107
-4 404
-1 746
-2 107

Estimated living cost  is ₴15744 per week

₴9131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1599
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2913
₴2896
₴3619
₴2841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 319
-
22 500
-
social contributions
2 390
-
3 105
-
income
2 889
-
4 081
-
health
1 209
-
1 570
-
total
6 488
-
8 756
-
Employer
17 319
-
22 500
-
total
-
-
-
-
Corporate
5 181
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%.

259
1 125
-
-
total
259
1 125
-
-
Dividends
4 922
21 375
-
-
social contributions
891
2 950
-
-
withholding
739
3 206
-
-
health
451
1 492
-
-
total
2 081
7 648
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 828
8 773
8 756
8 050
After tax
13 672
13 727
13 744
14 450
Living cost
10 831
10 831
10 831
10 831
Free-cash
2 841
2 896
2 913
3 619

Estimated living cost  is ₴10831 per week

₴7249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9365
-₴7131
-₴5412
-₴10960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 722
income
-
-
-
706
chamber of commerce
-
-
-
90
pensions
-
-
-
4 162
surtax
-
-
-
101
unemployment
-
-
-
3 133
total
-
-
-
9 914
Employee
25 527
20 356
20 356
-
income
2 906
1 501
1 644
-
other
255
204
173
-
pensions
2 614
2 084
1 763
-
health
988
788
666
-
unemployment
766
611
517
-
total
7 529
5 188
4 763
-
Employer
25 527
20 356
20 356
-
other
1 213
966
940
-
unemployment
766
611
517
-
health
964
770
650
-
surtax
101
101
101
-
accident
332
265
224
-
pensions
3 204
2 555
2 161
-
payroll
766
611
611
-
chamber of commerce
102
81
81
-
total
7 448
5 960
5 285
-
Corporate
1 939
1 939
15 277
-
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.

485
485
3 819
-
total
485
485
3 819
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 462
11 633
13 867
9 914
After tax
7 038
10 867
8 633
12 586
Living cost
17 998
17 998
17 998
17 998
Free-cash
-10 960
-7 131
-9 365
-5 412

Estimated living cost  is ₴17998 per week

₴12004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
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.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8515
-₴5901
-₴5609
-₴24674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 967
communal

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

-
-
-
1 232
national
-
-
-
6 286
total
-
-
-
9 485
Employee

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

36 537
-
17 427
-
national
11 233
-
4 134
-
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.

2 740
-
1 307
-
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.

1 717
-
819
-
communal

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

1 906
-
909
-
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.

318
-
151
-
total
17 914
-
7 320
-
Employer

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

36 537
-
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.

533
-
254
-
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.

2 247
-
1 071
-
surtax
4 143
-
1 975
-
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.

475
-
227
-
pensions

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

3 238
-
1 544
-
total
10 636
-
5 071
-
Corporate
-
22 500
-
-
surtax
-
90
-
-
income
-
4 500
-
-
total
-
4 590
-
-
Dividends
-
17 910
-
-
withholding

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

-
5 187
-
-
total
-
5 187
-
-
Income
22 500
22 500
22 500
22 500
Total tax
28 550
9 777
12 391
9 485
After tax
-6 050
12 723
10 109
13 015
Living cost
18 624
18 624
18 624
18 624
Free-cash
-24 674
-5 901
-8 515
-5 609

Estimated living cost  is ₴18624 per week

₴11996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5701
-₴3222
-₴5873
-₴11032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
22
accident
-
-
-
203
income
-
-
-
3 177
pensions
-
-
-
6 367
unemployment
-
-
-
157
total
-
-
-
9 926
Employee
25 426
-
17 060
-
income
5 365
-
3 231
-
other
25
-
17
-
pensions
1 195
-
802
-
unemployment
395
-
265
-
total
6 980
-
4 315
-
Employer
25 426
-
17 060
-
other
203
-
137
-
unemployment
1 399
-
938
-
accident
503
-
337
-
pensions
6 000
-
4 027
-
total
8 105
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 900
-
-
total
-
3 900
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 085
7 275
9 754
9 926
After tax
7 415
15 225
12 746
12 574
Living cost
18 447
18 447
18 447
18 447
Free-cash
-11 032
-3 222
-5 701
-5 873

Estimated living cost  is ₴18447 per week

₴13584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12861
-₴13603
-₴12860
-₴20803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 822
accident
-
-
-
219
income
-
-
-
512
pensions
-
-
-
3 889
communal
-
-
-
-
surtax
-
-
-
1 160
total
-
-
-
7 602
Employee
38 681
-
19 595
-
surtax
2 371
-
1 160
-
income
3 736
-
512
-
pensions
3 094
-
1 944
-
health
1 722
-
1 082
-
total
10 923
-
4 698
-
Employer
38 681
-
19 595
-
health
1 180
-
742
-
accident
348
-
219
-
pensions
3 094
-
1 944
-
total
4 622
-
2 905
-
Corporate
-
22 500
-
-
surtax
-
237
-
-
income
-
3 375
-
-
communal
-
1 519
-
-
total
-
5 131
-
-
Dividends
-
17 369
-
-
income
-
608
-
-
withholding
-
2 606
-
-
total
-
3 214
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 545
8 345
7 603
7 602
After tax
6 955
14 155
14 897
14 898
Living cost
27 758
27 758
27 758
27 758
Free-cash
-20 803
-13 603
-12 861
-12 860

Estimated living cost  is ₴27758 per week

₴20823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴904
₴2679
₴1454
₴1055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
-
health
-
-
-
1 597
income
-
-
-
3 257
pensions
-
-
-
4 500
surtax
-
-
-
103
unemployment
-
-
-
116
total
-
-
-
9 573
Employee
17 201
-
18 587
-
surtax
61
-
87
-
income
2 884
-
3 115
-
other
-
-
-
-
pensions
1 148
-
1 240
-
health
439
-
474
-
unemployment
1 197
-
1 294
-
total
5 729
-
6 210
-
Employer
17 201
-
18 587
-
other
-
-
-
-
unemployment
546
-
589
-
health
782
-
846
-
pensions
2 293
-
2 478
-
total
3 621
-
3 913
-
Corporate
1 677
22 500
-
-
income
436
5 850
-
-
total
436
5 850
-
-
Dividends
1 241
16 650
-
-
withholding
186
2 498
-
-
total
186
2 498
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 972
8 348
10 123
9 573
After tax
12 528
14 152
12 377
12 927
Living cost
11 473
11 473
11 473
11 473
Free-cash
1 055
2 679
904
1 454

Estimated living cost  is ₴11473 per week

₴6927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and 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 of data for Athens model

Close
Naples , Italy
-₴2713
-₴1933
-₴1451
-₴5834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 931
regional
-
-
-
340
municipal
-
-
-
134
total
-
-
-
10 192
Employee
28 334
-
22 500
-
social contributions
9 555
-
7 587
-
municipal
150
-
119
-
national
4 489
-
3 445
-
regional
381
-
303
-
total
14 575
-
11 454
-
Employer
28 334
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 119
-
-
total
-
6 519
-
-
Dividends
-
15 981
-
-
withholding
-
4 155
-
-
total
-
4 155
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 575
10 674
11 454
10 192
After tax
7 925
11 826
11 046
12 308
Living cost
13 759
13 759
13 759
13 759
Free-cash
-5 834
-1 933
-2 713
-1 451

Estimated living cost  is ₴13759 per week

₴8557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4119
-₴46
-₴4579
-₴8116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
22 848
-
16 791
-
social contributions
1 485
-
1 091
-
solidarity contribution
-
-
-
-
income
2 742
-
2 015
-
health
3 084
-
2 267
-
total
7 311
-
5 373
-
Employer
22 848
-
16 791
-
health
2 056
-
1 511
-
social contributions
5 712
-
4 198
-
total
7 768
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 079
7 009
11 082
11 542
After tax
7 421
15 491
11 418
10 958
Living cost
15 537
15 537
15 537
15 537
Free-cash
-8 116
-46
-4 119
-4 579

Estimated living cost  is ₴15537 per week

₴11554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7610
-₴5328
-₴3609
-₴6739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 722
income
-
-
-
706
chamber of commerce
-
-
-
90
pensions
-
-
-
4 162
surtax
-
-
-
-
unemployment
-
-
-
3 133
total
-
-
-
9 813
Employee
22 328
20 356
20 356
-
income
1 989
1 501
1 640
-
other
223
204
173
-
pensions
2 287
2 084
1 771
-
health
864
788
670
-
unemployment
670
611
519
-
total
6 033
5 188
4 773
-
Employer
22 328
20 356
20 356
-
other
1 060
966
941
-
unemployment
670
611
519
-
health
844
770
654
-
surtax
-
-
-
-
accident
290
265
225
-
pensions
2 802
2 555
2 171
-
payroll
670
611
611
-
chamber of commerce
89
81
81
-
total
6 425
5 859
5 202
-
Corporate
1 939
1 939
15 359
-
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.

485
485
3 839
-
total
485
485
3 839
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 943
11 532
13 814
9 813
After tax
9 557
10 968
8 686
12 687
Living cost
16 296
16 296
16 296
16 296
Free-cash
-6 739
-5 328
-7 610
-3 609

Estimated living cost  is ₴16296 per week

₴9776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11387
₴14762
₴15662
₴13522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
22 500
microenterprise

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

-
-
-
225
total
-
-
-
225
Employee
8 267
-
22 500
-
income
1 653
-
4 500
-
total
1 653
-
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%.

14 233
22 500
-
-
total
-
-
-
-
Dividends
14 233
22 500
-
-
withholding
712
1 125
-
-
total
712
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
2 365
1 125
4 500
225
After tax
20 135
21 375
18 000
22 275
Living cost
6 613
6 613
6 613
6 613
Free-cash
13 522
14 762
11 387
15 662

Estimated living cost  is ₴6613 per week

₴4475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1772
₴1792
-₴1061
-₴3604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 504
pensions
-
-
-
4 109
unemployment
-
-
-
34
total
-
-
-
9 861
Employee

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

22 587
-
19 468
-
income
3 895
-
3 240
-
pensions
3 501
-
3 017
-
health
1 459
-
1 257
-
unemployment
32
-
27
-
total
8 887
-
7 541
-
Employer

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

22 587
-
19 468
-
unemployment
14
-
12
-
health
1 504
-
1 297
-
pensions
1 999
-
1 722
-
total
3 517
-
3 031
-
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
12 404
7 008
10 572
9 861
After tax
10 096
15 492
11 928
12 639
Living cost
13 700
13 700
13 700
13 700
Free-cash
-3 604
1 792
-1 772
-1 061

Estimated living cost  is ₴13700 per week

₴9402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7798
-₴9530
-₴7670
-₴57737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 293
-
208
-
social contributions
2 730
-
389
-
income
7 344
-
-
-
total
10 074
-
389
-
Employer
33 293
-
208
-
social contributions
46 944
-
6 690
-
total
46 944
-
6 690
-
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
57 018
8 811
7 079
6 951
After tax
-34 518
13 689
15 421
15 549
Living cost
23 219
23 219
23 219
23 219
Free-cash
-57 737
-9 530
-7 798
-7 670

Estimated living cost  is ₴23219 per week

₴15066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2184
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.
₴5674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3297
-₴3223
-₴2839
-₴6571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 818
income
-
-
-
1 499
surtax
-
-
-
-
total
-
-
-
9 317
Employee
23 492
-
18 182
-
surtax
-
-
-
-
social contributions
2 584
-
2 000
-
income
4 886
-
3 457
-
total
7 470
-
5 457
-
Employer
23 492
-
18 182
-
social contributions
5 579
-
4 318
-
total
5 579
-
4 318
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 976
-
-
total
-
4 976
-
-
Income
22 500
22 500
22 500
22 500
Total tax
13 049
9 701
9 775
9 317
After tax
9 451
12 799
12 725
13 183
Living cost
16 022
16 022
16 022
16 022
Free-cash
-6 571
-3 223
-3 297
-2 839

Estimated living cost  is ₴16022 per week

₴11988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴945
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.
₴2822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10672
-₴13330
-₴11033
-₴19482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
698
social contributions
-
-
-
641
health
-
-
-
195
income
-
-
-
666
pensions
-
-
-
6 663
surtax
-
-
-
-
total
-
-
-
8 863
Employee
31 992
-
17 146
-
surtax
-
-
-
-
social contributions
911
-
489
-
income
2 791
-
720
-
pensions
3 618
-
1 940
-
total
7 320
-
3 149
-
Employer
31 992
-
17 146
-
other
1 104
-
591
-
unemployment
1 296
-
694
-
health
2 239
-
1 200
-
pensions
5 257
-
2 817
-
social contributions
96
-
51
-
total
9 992
-
5 353
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
social contributions
-
2 787
-
-
surtax
-
-
-
-
withholding
-
2 073
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
17 312
11 160
8 502
8 863
After tax
5 188
11 340
13 998
13 637
Living cost
24 670
24 670
24 670
24 670
Free-cash
-19 482
-13 330
-10 672
-11 033

Estimated living cost  is ₴24670 per week

₴16696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2861
₴4896
₴2197
₴3180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
-
social contributions
-
-
-
4 949
total
-
-
-
4 949
Employee
16 421
-
19 481
-
income
-
-
-
-
social contributions
1 067
-
1 266
-
total
1 067
-
1 266
-
Employer
16 421
-
19 481
-
social contributions
2 545
-
3 019
-
total
2 545
-
3 019
-
Corporate
3 533
22 500
-
-
income
354
2 250
-
-
total
354
2 250
-
-
Dividends
3 180
20 250
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
3 966
2 250
4 285
4 949
After tax
18 534
20 250
18 215
17 551
Living cost
15 354
15 354
15 354
15 354
Free-cash
3 180
4 896
2 861
2 197

Estimated living cost  is ₴15354 per week

₴9928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴88615
-₴88615
-₴9520
-₴88615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
1 765
pensions
-
-
-
442
national
-
-
-
1 952
municipal
-
-
-
3 300
total
-
-
-
7 459
Employee
103 666
103 666
103 666
-
labour market
8 282
8 282
8 282
-
municipal
22 075
22 075
22 075
-
national
12 665
12 665
12 665
-
pensions
147
147
147
-
total
43 169
43 169
43 169
-
Employer
103 666
103 666
103 666
-
national
12 687
12 687
12 687
-
labour market
8 293
8 293
8 293
-
pensions
295
295
295
-
municipal
22 110
22 110
22 110
-
total
43 385
43 385
43 385
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
86 554
86 554
86 554
7 459
After tax
-64 054
-64 054
-64 054
15 041
Living cost
24 561
24 561
24 561
24 561
Free-cash
-88 615
-88 615
-88 615
-9 520

Estimated living cost  is ₴24561 per week

₴16810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴721
-₴9340
₴4394
₴110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
3 357
pensions
-
-
-
2 143
total
-
-
-
6 944
Employee
17 558
-
18 691
-
income
2 409
-
2 564
-
pensions
1 977
-
2 104
-
health
2 011
-
2 140
-
total
6 397
-
6 808
-
Employer
17 558
-
18 691
-
unemployment
430
-
458
-
accident
293
-
312
-
pensions
2 855
-
3 039
-
total
3 578
-
3 809
-
Corporate
1 364
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.

1 227
20 250
-
-
total
1 227
20 250
-
-
Dividends
136
2 250
-
-
withholding
26
428
-
-
total
26
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 228
20 678
10 617
6 944
After tax
11 272
1 822
11 883
15 556
Living cost
11 162
11 162
11 162
11 162
Free-cash
110
-9 340
721
4 394

Estimated living cost  is ₴11162 per week

₴8124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5447
-₴4040
-₴1588
-₴9443
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
134
national
-
-
-
318
municipal
-
-
-
4 026
total
-
-
-
4 478
Employee
26 874
-
18 928
-
municipal
4 402
-
3 111
-
national
444
-
14
-
pensions
1 814
-
1 278
-
health
201
-
79
-
unemployment
403
-
284
-
total
7 264
-
4 766
-
Employer
26 874
-
18 928
-
unemployment
174
-
123
-
health
206
-
145
-
accident
27
-
19
-
pensions
4 662
-
3 284
-
total
5 069
-
3 571
-
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
12 333
6 930
8 337
4 478
After tax
10 167
15 570
14 163
18 022
Living cost
19 610
19 610
19 610
19 610
Free-cash
-9 443
-4 040
-5 447
-1 588

Estimated living cost  is ₴19610 per week

₴12809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2358
-₴877
₴6590
₴2027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
total
-
-
-
4 084
Employee
39 277
39 277
39 277
-
social contributions
1 485
3 260
1 695
-
income
4 277
3 636
4 201
-
health
304
668
347
-
total
6 066
7 564
6 243
-
Employer
39 277
39 277
39 277
-
health
331
727
378
-
social contributions
1 485
3 260
1 695
-
total
1 816
3 987
2 073
-
Corporate
2 792
-
-
-
income
349
-
-
-
total
349
-
-
-
Dividends
2 443
-
-
-
withholding
416
-
-
-
total
416
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 647
11 551
8 316
4 084
After tax
13 853
10 949
14 184
18 416
Living cost
11 826
11 826
11 826
11 826
Free-cash
2 027
-877
2 358
6 590

Estimated living cost  is ₴11826 per week

₴7088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1160
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.
₴3317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5869
₴10522
₴7546
₴7924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 848
income
-
-
-
1 732
pensions
-
-
-
3 249
unemployment
-
-
-
15
total
-
-
-
6 844
Employee

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

11 724
-
20 399
-
income
802
-
1 525
-
pensions
1 758
-
3 060
-
health
996
-
1 734
-
unemployment
58
-
102
-
total
3 614
-
6 421
-
Employer

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

11 724
-
20 399
-
unemployment
58
-
102
-
health
504
-
877
-
pensions
645
-
1 121
-
total
1 207
-
2 100
-
Corporate
9 569
22 500
-
-
income
861
2 025
-
-
total
861
2 025
-
-
Dividends
8 708
20 475
-
-
withholding
784
1 843
-
-
total
784
1 843
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 466
3 868
8 521
6 844
After tax
16 034
18 632
13 979
15 656
Living cost
8 110
8 110
8 110
8 110
Free-cash
7 924
10 522
5 869
7 546

Estimated living cost  is ₴8110 per week

₴5174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1300
₴1179
-₴1472
-₴2407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
22
accident
-
-
-
203
income
-
-
-
3 177
pensions
-
-
-
6 367
unemployment
-
-
-
157
total
-
-
-
9 926
Employee
18 887
-
17 060
-
income
3 641
-
3 231
-
other
18
-
17
-
pensions
888
-
802
-
unemployment
293
-
265
-
total
4 840
-
4 315
-
Employer
18 887
-
17 060
-
other
151
-
137
-
unemployment
1 039
-
938
-
accident
374
-
337
-
pensions
4 457
-
4 027
-
total
6 021
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 900
-
-
total
-
3 900
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 861
7 275
9 754
9 926
After tax
11 639
15 225
12 746
12 574
Living cost
14 046
14 046
14 046
14 046
Free-cash
-2 407
1 179
-1 300
-1 472

Estimated living cost  is ₴14046 per week

₴9481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
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.
₴2969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13070
₴13102
₴13136
₴12947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
496
income
-
-
-
7 245
pensions
-
-
-
685
total
-
-
-
8 426
Employee
1 429
-
21 730
-
income
277
-
7 209
-
pensions
129
-
308
-
health
71
-
171
-
unemployment
14
-
34
-
total
491
-
7 722
-
Employer
1 429
-
21 730
-
unemployment
29
-
68
-
health
136
-
325
-
pensions
157
-
377
-
total
322
-
770
-
Corporate
20 749
22 500
-
-
income
4 565
4 950
-
-
total
4 565
4 950
-
-
Dividends
16 184
17 550
-
-
withholding
3 237
3 510
-
-
total
3 237
3 510
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 615
8 460
8 492
8 426
After tax
13 885
14 040
14 008
14 074
Living cost
938
938
938
938
Free-cash
12 947
13 102
13 070
13 136

Estimated living cost  is ₴938 per week

₴558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3475
₴7437
₴2507
₴4927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 669
pensions
-
-
-
5 850
unemployment
-
-
-
338
total
-
-
-
11 174
Employee

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

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

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

13 299
-
19 084
-
income
1 833
-
2 992
-
pensions
1 862
-
2 672
-
health
685
-
983
-
unemployment
100
-
143
-
total
4 480
-
6 790
-
Employer

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

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

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

13 299
-
19 084
-
unemployment
100
-
143
-
health
685
-
983
-
pensions
1 596
-
2 290
-
total
2 381
-
3 416
-
Corporate
6 820
22 500
-
-
income
1 023
3 375
-
-
total
1 023
3 375
-
-
Dividends
5 797
19 125
-
-
withholding
870
2 869
-
-
total
870
2 869
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 754
6 244
10 206
11 174
After tax
13 746
16 256
12 294
11 326
Living cost
8 819
8 819
8 819
8 819
Free-cash
4 927
7 437
3 475
2 507

Estimated living cost  is ₴8819 per week

₴5938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1944
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1045
-₴971
-₴587
-₴2033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 818
income
-
-
-
1 499
surtax
-
-
-
-
total
-
-
-
9 317
Employee
19 825
-
18 182
-
surtax
-
-
-
-
social contributions
2 181
-
2 000
-
income
3 874
-
3 457
-
total
6 055
-
5 457
-
Employer
19 825
-
18 182
-
social contributions
4 708
-
4 318
-
total
4 708
-
4 318
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 976
-
-
total
-
4 976
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 763
9 701
9 775
9 317
After tax
11 737
12 799
12 725
13 183
Living cost
13 770
13 770
13 770
13 770
Free-cash
-2 033
-971
-1 045
-587

Estimated living cost  is ₴13770 per week

₴9753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5205
-₴2726
-₴5377
-₴10034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
22
accident
-
-
-
203
income
-
-
-
3 177
pensions
-
-
-
6 367
unemployment
-
-
-
157
total
-
-
-
9 926
Employee
24 669
-
17 060
-
income
5 152
-
3 231
-
other
24
-
17
-
pensions
1 159
-
802
-
unemployment
382
-
265
-
total
6 717
-
4 315
-
Employer
24 669
-
17 060
-
other
198
-
137
-
unemployment
1 357
-
938
-
accident
489
-
337
-
pensions
5 822
-
4 027
-
total
7 866
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 900
-
-
total
-
3 900
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 583
7 275
9 754
9 926
After tax
7 917
15 225
12 746
12 574
Living cost
17 951
17 951
17 951
17 951
Free-cash
-10 034
-2 726
-5 205
-5 377

Estimated living cost  is ₴17951 per week

₴12892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5920
₴10568
₴5754
₴7496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 025
income
-
-
-
3 375
pensions

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

-
-
-
2 606
unemployment
-
-
-
70
total
-
-
-
8 076
Employee
11 481
-
19 046
-
income
1 148
-
1 905
-
accident

We are using the highest rate at 1.1%.

126
-
194
-
pensions

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

1 008
-
1 546
-
health
528
-
810
-
total
2 810
-
4 455
-
Employer
11 481
-
19 046
-
unemployment
69
-
106
-
health
792
-
1 215
-
accident

We are using the highest rate at 1.1%.

126
-
194
-
pensions

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

1 265
-
1 940
-
total
2 252
-
3 455
-
Corporate
8 767
22 500
-
-
income
877
2 250
-
-
total
877
2 250
-
-
Dividends
7 890
20 250
-
-
withholding
395
1 012
-
-
total
395
1 012
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 334
3 262
7 910
8 076
After tax
16 166
19 238
14 590
14 424
Living cost
8 670
8 670
8 670
8 670
Free-cash
7 496
10 568
5 920
5 754

Estimated living cost  is ₴8670 per week

₴5734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2087
-₴8031
-₴2087
-₴2915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 490
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.

-
-
-
1 305
surtax

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

-
-
-
72
trade
-
-
-
-
total
-
-
-
4 867
Employee

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

25 415
-
22 500
-
surtax

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

115
-
72
-
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.

2 090
-
1 305
-
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.

3 490
-
3 490
-
total
5 695
-
4 867
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
chamber of commerce
-
111
-
-
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
-
-
income
-
3 375
-
-
total
-
6 901
-
-
Dividends
-
15 599
-
-
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
-
3 706
-
-
total
-
3 910
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 695
10 811
4 867
4 867
After tax
16 805
11 689
17 633
17 633
Living cost
19 720
19 720
19 720
19 720
Free-cash
-2 915
-8 031
-2 087
-2 087

Estimated living cost  is ₴19720 per week

₴13603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
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.
₴3709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10896
-₴13347
-₴10896
-₴17455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 900
social contributions
-
-
-
1 399
total
-
-
-
4 299
Employee
39 955
-
22 500
-
income
7 539
-
2 900
-
social contributions
3 319
-
1 399
-
total
10 858
-
4 299
-
Employer
39 955
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
2 813
-
-
total
-
2 813
-
-
Dividends
-
19 687
-
-
withholding
-
3 937
-
-
total
-
3 937
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 858
6 750
4 299
4 299
After tax
11 642
15 750
18 201
18 201
Living cost
29 097
29 097
29 097
29 097
Free-cash
-17 455
-13 347
-10 896
-10 896

Estimated living cost  is ₴29097 per week

₴22136
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.
₴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.
₴4312
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2012
-₴6111
-₴13726
-₴4806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 540
health

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

-
-
-
3 144
total
-
-
-
17 684
Employee
23 432
-
20 451
-
income
2 543
-
1 872
-
social contributions
2 348
-
2 049
-
total
4 891
-
3 921
-
Employer
23 432
-
20 451
-
social contributions
2 348
-
2 049
-
total
2 348
-
2 049
-
Corporate
-
22 500
-
-
income
-
7 875
-
-
total
-
7 875
-
-
Dividends
-
14 625
-
-
social contributions
1 525
2 194
-
-
total
1 525
2 194
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 764
10 069
5 970
17 684
After tax
13 736
12 431
16 530
4 816
Living cost
18 542
18 542
18 542
18 542
Free-cash
-4 806
-6 111
-2 012
-13 726

Estimated living cost  is ₴18542 per week

₴12213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3754
-₴1885
-₴1689
-₴6316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 264
pensions
-
-
-
1 182
total
-
-
-
5 446
Employee
25 727
-
20 269
-
income
4 685
-
3 747
-
health
336
-
223
-
pensions
1 964
-
1 309
-
total
6 985
-
5 279
-
Employer
25 727
-
20 269
-
health
489
-
386
-
pensions
2 599
-
1 846
-
total
3 088
-
2 232
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 073
5 642
7 511
5 446
After tax
12 427
16 858
14 989
17 054
Living cost
18 743
18 743
18 743
18 743
Free-cash
-6 316
-1 885
-3 754
-1 689

Estimated living cost  is ₴18743 per week

₴12857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴384
-₴10445
₴3289
-₴728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
3 357
pensions
-
-
-
2 143
total
-
-
-
6 944
Employee
19 296
-
18 691
-
income
2 647
-
2 564
-
pensions
2 173
-
2 104
-
health
2 209
-
2 140
-
total
7 029
-
6 808
-
Employer
19 296
-
18 691
-
unemployment
473
-
458
-
accident
322
-
312
-
pensions
3 137
-
3 039
-
total
3 932
-
3 809
-
Corporate
-
22 500
-
-
income

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

-
20 250
-
-
total
-
20 250
-
-
Dividends
-
2 250
-
-
withholding
-
428
-
-
total
-
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 961
20 678
10 617
6 944
After tax
11 539
1 822
11 883
15 556
Living cost
12 267
12 267
12 267
12 267
Free-cash
-728
-10 445
-384
3 289

Estimated living cost  is ₴12267 per week

₴9002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6729
₴12233
₴6729
₴9752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 691
health insurance
-
-
-
1 665
work injury
-
-
-
113
pensions
-
-
-
4 140
unemployment
-
-
-
270
total
-
-
-
8 879
Employee

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

11 027
-
22 500
-
income
1 103
-
2 691
-
work injury
55
-
113
-
health insurance
816
-
1 665
-
pensions
2 029
-
4 140
-
unemployment
132
-
270
-
total
4 135
-
8 879
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 473
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
11 473
22 500
-
-
withholding
1 721
3 375
-
-
total
1 721
3 375
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 856
3 375
8 879
8 879
After tax
16 644
19 125
13 621
13 621
Living cost
6 892
6 892
6 892
6 892
Free-cash
9 752
12 233
6 729
6 729

Estimated living cost  is ₴6892 per week

₴4269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Rome , Italy
-₴9277
-₴8498
-₴8028
-₴20544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 931
regional
-
-
-
311
municipal
-
-
-
150
total
-
-
-
10 179
Employee
43 042
-
22 500
-
social contributions
14 514
-
7 587
-
municipal
257
-
134
-
national
7 274
-
3 445
-
regional
650
-
262
-
total
22 695
-
11 428
-
Employer
43 042
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 085
-
-
total
-
6 485
-
-
Dividends
-
16 015
-
-
withholding
-
4 164
-
-
total
-
4 164
-
-
Income
22 500
22 500
22 500
22 500
Total tax
22 695
10 649
11 428
10 179
After tax
-195
11 851
11 072
12 321
Living cost
20 349
20 349
20 349
20 349
Free-cash
-20 544
-8 498
-9 277
-8 028

Estimated living cost  is ₴20349 per week

₴14294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close