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
₴1614
₴2130
₴2130
-₴4047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
71
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.

-
-
-
3 498
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.

-
-
-
1 294
trade
-
-
-
-
total
-
-
-
4 863
Employee

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

19 582
-
22 500
-
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.

547
-
1 294
-
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
-
71
-
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.

3 498
-
3 498
-
total
4 075
-
4 863
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 918
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.

24
186
-
-
chamber of commerce
82
110
-
-
income
437
3 375
-
-
trade
460
3 543
-
-
total
1 003
7 214
-
-
Dividends
1 915
15 286
-
-
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
199
-
-
withholding
285
3 627
-
-
total
301
3 826
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 379
11 040
4 863
4 863
After tax
17 121
11 460
17 637
17 637
Living cost
15 507
15 507
15 507
15 507
Free-cash
1 614
-4 047
2 130
2 130

Estimated living cost  is ₴15507 per week

₴9755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1808
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25376
-₴13494
-₴13671
-₴14275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
2 987
pensions
-
-
-
2 700
municipal
-
-
-
1 927
social contributions
-
-
-
242
total
-
-
-
7 856
Employee
43 893
-
19 451
-
pensions
1 756
-
778
-
national
8 401
-
3 122
-
municipal
5 421
-
2 014
-
total
15 578
-
5 914
-
Employer
43 893
-
19 451
-
social contributions
472
-
209
-
pensions
3 511
-
1 556
-
total
3 983
-
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
19 561
8 460
7 679
7 856
After tax
2 939
14 040
14 821
14 644
Living cost
28 315
28 315
28 315
28 315
Free-cash
-25 376
-14 275
-13 494
-13 671

Estimated living cost  is ₴28315 per week

₴19245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3149
₴2258
₴6862
₴7349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
-
microenterprise
-
-
-
3 375
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.

-
-
-
1 612
total
-
-
-
4 987
Employee
14 960
-
18 132
-
income
2 663
-
3 228
-
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.

1 646
-
1 995
-
total
4 309
-
5 223
-
Employer
14 960
-
18 132
-
social contributions

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

3 604
-
4 368
-
surtax
-
-
-
-
total
3 604
-
4 368
-
Corporate
3 936
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%.

787
4 500
-
-
total
787
4 500
-
-
Dividends

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

3 149
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 700
4 500
9 591
4 987
After tax
13 800
18 000
12 909
17 513
Living cost
10 651
10 651
10 651
10 651
Free-cash
3 149
7 349
2 258
6 862

Estimated living cost  is ₴10651 per week

₴6795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28341
-₴28341
-₴8516
-₴25467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
4 050
health
-
-
-
3 454
income
-
-
-
2 064
total
-
-
-
9 568
Employee
43 721
43 721
43 721
-
income

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

7 156
7 156
7 156
-
pensions
7 870
5 999
7 870
-
health
6 711
5 708
6 711
-
total
21 737
18 863
21 737
-
Employer
43 721
43 721
43 721
-
unemployment
1 574
1 574
1 574
-
health
3 039
3 039
3 039
-
pensions
3 043
3 043
3 043
-
total
7 656
7 656
7 656
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
29 393
26 519
29 393
9 568
After tax
-6 893
-4 019
-6 893
12 932
Living cost
21 448
21 448
21 448
21 448
Free-cash
-28 341
-25 467
-28 341
-8 516

Estimated living cost  is ₴21448 per week

₴15199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴15695
-₴8381
-₴9182
-₴8112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
23
accident
-
-
-
45
national
-
-
-
-
pensions
-
-
-
2 432
health
-
-
-
1 404
municipal
-
-
-
4 766
other
-
-
-
2 615
total
-
-
-
11 285
Employee
29 064
-
17 121
-
national
-
-
-
-
municipal
8 667
-
5 105
-
total
8 667
-
5 105
-
Employer
29 064
-
17 121
-
accident
58
-
34
-
unemployment
767
-
452
-
health
1 787
-
1 053
-
pensions
3 142
-
1 851
-
other
3 377
-
1 989
-
total
9 131
-
5 379
-
Corporate
-
22 500
-
-
income
-
4 950
-
-
total
-
4 950
-
-
Dividends
-
17 550
-
-
withholding
-
5 265
-
-
total
-
5 265
-
-
Income
22 500
22 500
22 500
22 500
Total tax
17 798
10 215
10 484
11 285
After tax
4 702
12 285
12 016
11 215
Living cost
20 397
20 397
20 397
20 397
Free-cash
-15 695
-8 112
-8 381
-9 182

Estimated living cost  is ₴20397 per week

₴13518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3464
-₴2476
-₴2476
-₴8770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
71
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.

-
-
-
3 498
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.

-
-
-
1 294
trade
-
-
-
-
total
-
-
-
4 863
Employee

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

25 963
-
22 500
-
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.

2 231
-
1 294
-
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
-
71
-
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.

3 498
-
3 498
-
total
5 851
-
4 863
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
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.

-
186
-
-
chamber of commerce
-
110
-
-
income
-
3 375
-
-
trade
-
3 702
-
-
total
-
7 373
-
-
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.

-
197
-
-
withholding
-
3 587
-
-
total
-
3 784
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 851
11 157
4 863
4 863
After tax
16 649
11 343
17 637
17 637
Living cost
20 113
20 113
20 113
20 113
Free-cash
-3 464
-8 770
-2 476
-2 476

Estimated living cost  is ₴20113 per week

₴13451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2885
-₴2434
₴1810
-₴5682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
health
-
-
-
574
income
-
-
-
-
social contributions
-
-
-
3 510
total
-
-
-
4 084
Employee
39 369
39 369
39 369
-
income
4 134
3 644
4 213
-
social contributions
1 913
3 267
1 695
-
health
392
669
347
-
total
6 439
7 580
6 255
-
Employer
39 369
39 369
39 369
-
social contributions
1 913
3 267
1 695
-
health
427
729
378
-
total
2 340
3 996
2 073
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 779
11 576
8 328
4 084
After tax
13 721
10 924
14 172
18 416
Living cost
16 606
16 606
16 606
16 606
Free-cash
-2 885
-5 682
-2 434
1 810

Estimated living cost  is ₴16606 per week

₴11352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3059
₴3099
₴5642
₴2850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

14 355
5 713
18 828
-
income
1 755
698
2 302
-
pensions
1 435
571
1 883
-
unemployment
215
86
282
-
health
1 005
400
1 318
-
total
4 410
1 755
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.

14 355
5 713
18 828
-
pensions
2 799
1 114
3 672
-
total
2 799
1 114
3 672
-
Corporate
5 346
15 673
-
-
income
481
1 411
-
-
total
481
1 411
-
-
Dividends
4 865
14 262
-
-
social contributions
883
2 716
-
-
withholding
924
2 710
-
-
total
1 807
5 426
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 497
9 706
9 457
6 914
After tax
13 003
12 794
13 043
15 586
Living cost
9 944
9 944
9 944
9 944
Free-cash
3 059
2 850
3 099
5 642

Estimated living cost  is ₴9944 per week

₴6786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2453
₴1523
₴741
₴5634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
4 499
health
-
-
-
2 925
income
-
-
-
1 969
total
-
-
-
9 393
Employee
14 524
-
16 817
-
income
1 635
-
2 323
-
pensions
291
-
336
-
unemployment
232
-
269
-
total
2 158
-
2 928
-
Employer
14 524
-
16 817
-
unemployment
117
-
134
-
health
1 888
-
2 186
-
pensions
2 905
-
3 363
-
total
4 910
-
5 683
-
Corporate
3 067
22 500
-
-
income
613
4 500
-
-
total
613
4 500
-
-
Dividends
2 454
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 681
4 500
8 611
9 393
After tax
14 819
18 000
13 889
13 107
Living cost
12 366
12 366
12 366
12 366
Free-cash
2 453
5 634
1 523
741

Estimated living cost  is ₴12366 per week

₴8482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴125
₴820
₴4557
-₴9240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
3 378
other
-
-
-
186
total
-
-
-
6 880
Employee
17 403
-
18 691
-
income
2 387
-
2 564
-
pensions
1 960
-
2 104
-
health
1 993
-
2 140
-
total
6 340
-
6 808
-
Employer
17 403
-
18 691
-
accident
291
-
312
-
unemployment
426
-
458
-
pensions
2 830
-
3 039
-
total
3 547
-
3 809
-
Corporate
1 551
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.

1 396
20 250
-
-
total
1 396
20 250
-
-
Dividends
155
2 250
-
-
withholding
29
427
-
-
total
29
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 312
20 677
10 617
6 880
After tax
11 188
1 823
11 883
15 620
Living cost
11 063
11 063
11 063
11 063
Free-cash
125
-9 240
820
4 557

Estimated living cost  is ₴11063 per week

₴8108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16020
₴13490
₴17765
₴16865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 637
-
22 500
-
income
1 127
-
4 500
-
total
1 127
-
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%.

16 863
22 500
-
-
total
-
-
-
-
Dividends
16 863
22 500
-
-
withholding
843
1 125
-
-
total
843
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
1 970
1 125
4 500
225
After tax
20 530
21 375
18 000
22 275
Living cost
4 510
4 510
4 510
4 510
Free-cash
16 020
16 865
13 490
17 765

Estimated living cost  is ₴4510 per week

₴2795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴775
-₴455
-₴1458
₴2888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions

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.

-
-
-
5 399
health
-
-
-
990
income
-
-
-
2 858
other
-
-
-
1 069
total
-
-
-
10 316
Employee
18 589
-
17 971
-
income
3 200
-
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.

1 301
-
1 258
-
unemployment
186
-
180
-
health
260
-
252
-
total
4 947
-
4 783
-
Employer
18 589
-
17 971
-
accident
149
-
144
-
unemployment
186
-
180
-
health
260
-
252
-
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.

3 161
-
3 055
-
other
930
-
899
-
total
4 686
-
4 530
-
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
9 633
5 970
9 313
10 316
After tax
12 867
16 530
13 187
12 184
Living cost
13 642
13 642
13 642
13 642
Free-cash
-775
2 888
-455
-1 458

Estimated living cost  is ₴13642 per week

₴9639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴33368
-₴19691
-₴17654
-₴17869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
1 158
income
-
-
-
4 269
total
-
-
-
5 427
Employee
49 133
-
20 293
-
income
8 857
-
3 759
-
pensions
4 740
-
1 280
-
health
810
-
218
-
total
14 407
-
5 257
-
Employer
49 133
-
20 293
-
health
933
-
385
-
pensions
5 801
-
1 822
-
total
6 734
-
2 207
-
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
21 141
5 642
7 464
5 427
After tax
1 359
16 858
15 036
17 073
Living cost
34 727
34 727
34 727
34 727
Free-cash
-33 368
-17 869
-19 691
-17 654

Estimated living cost  is ₴34727 per week

₴26021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9851
₴7385
₴7264
₴12307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
3 375
total
-
-
-
8 305
Employee
9 177
-
18 877
-
income
918
-
1 888
-
pensions

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

806
-
1 621
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
health
422
-
849
-
total
2 247
-
4 561
-
Employer
9 177
-
18 877
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
unemployment
55
-
111
-
health
633
-
1 274
-
pensions

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

1 011
-
2 035
-
total
1 800
-
3 623
-
Corporate
11 522
22 500
-
-
income
1 152
2 250
-
-
total
1 152
2 250
-
-
Dividends
10 370
20 250
-
-
withholding
519
1 012
-
-
total
519
1 012
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 718
3 262
8 184
8 305
After tax
16 782
19 238
14 316
14 195
Living cost
6 931
6 931
6 931
6 931
Free-cash
9 851
12 307
7 385
7 264

Estimated living cost  is ₴6931 per week

₴4046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴33278
-₴35283
-₴15458
-₴32409
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
4 050
health
-
-
-
3 454
income
-
-
-
2 064
total
-
-
-
9 568
Employee
47 467
43 721
43 721
-
income

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

7 156
7 156
7 156
-
pensions
5 999
5 999
7 870
-
health
5 922
5 708
6 711
-
total
19 077
18 863
21 737
-
Employer
47 467
43 721
43 721
-
unemployment
1 709
1 574
1 574
-
health
3 299
3 039
3 039
-
pensions
3 303
3 043
3 043
-
total
8 311
7 656
7 656
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
27 388
26 519
29 393
9 568
After tax
-4 888
-4 019
-6 893
12 932
Living cost
28 390
28 390
28 390
28 390
Free-cash
-33 278
-32 409
-35 283
-15 458

Estimated living cost  is ₴28390 per week

₴20942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2536
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2460
-₴1248
-₴1708
₴2825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 038
solidarity contribution
-
-
-
-
income
-
-
-
1 934
social contributions
-
-
-
6 570
total
-
-
-
11 542
Employee
18 626
-
16 791
-
solidarity contribution
-
-
-
-
income
2 235
-
2 015
-
social contributions
1 211
-
1 091
-
health
2 515
-
2 267
-
total
5 961
-
5 373
-
Employer
18 626
-
16 791
-
social contributions
4 657
-
4 198
-
health
1 676
-
1 511
-
total
6 333
-
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
12 294
7 009
11 082
11 542
After tax
10 206
15 491
11 418
10 958
Living cost
12 666
12 666
12 666
12 666
Free-cash
-2 460
2 825
-1 248
-1 708

Estimated living cost  is ₴12666 per week

₴8798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
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.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23001
-₴10439
-₴9168
-₴9599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 930
regional
-
-
-
213
municipal
-
-
-
134
social contributions
-
-
-
5 787
total
-
-
-
10 064
Employee
45 502
-
22 500
-
regional
429
-
185
-
national
7 884
-
3 443
-
social contributions
15 343
-
7 587
-
municipal
241
-
120
-
total
23 897
-
11 335
-
Employer
45 502
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
877
-
-
total
-
6 277
-
-
Dividends
-
16 223
-
-
withholding
-
4 218
-
-
total
-
4 218
-
-
Income
22 500
22 500
22 500
22 500
Total tax
23 897
10 495
11 335
10 064
After tax
-1 397
12 005
11 165
12 436
Living cost
21 604
21 604
21 604
21 604
Free-cash
-23 001
-9 599
-10 439
-9 168

Estimated living cost  is ₴21604 per week

₴15059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
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.
₴4796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1262
₴1079
₴1628
₴2854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
117
surtax
-
-
-
102
pensions
-
-
-
4 500
health
-
-
-
1 598
income
-
-
-
3 257
other
-
-
-
-
total
-
-
-
9 574
Employee
16 931
-
18 587
-
other
-
-
-
-
income
2 838
-
3 116
-
pensions
1 129
-
1 240
-
surtax
55
-
86
-
unemployment
1 179
-
1 294
-
health
432
-
474
-
total
5 633
-
6 210
-
Employer
16 931
-
18 587
-
unemployment
536
-
589
-
health
770
-
846
-
pensions
2 257
-
2 478
-
other
-
-
-
-
total
3 563
-
3 913
-
Corporate
2 005
22 500
-
-
income
522
5 850
-
-
total
522
5 850
-
-
Dividends
1 484
16 650
-
-
withholding
222
2 498
-
-
total
222
2 498
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 940
8 348
10 123
9 574
After tax
12 560
14 152
12 377
12 926
Living cost
11 298
11 298
11 298
11 298
Free-cash
1 262
2 854
1 079
1 628

Estimated living cost  is ₴11298 per week

₴6908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14617
-₴8688
-₴6651
-₴6866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
1 158
income
-
-
-
4 269
total
-
-
-
5 427
Employee
32 928
-
20 293
-
income
5 930
-
3 759
-
pensions
2 795
-
1 280
-
health
478
-
218
-
total
9 203
-
5 257
-
Employer
32 928
-
20 293
-
health
626
-
385
-
pensions
3 564
-
1 822
-
total
4 190
-
2 207
-
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
13 393
5 642
7 464
5 427
After tax
9 107
16 858
15 036
17 073
Living cost
23 724
23 724
23 724
23 724
Free-cash
-14 617
-6 866
-8 688
-6 651

Estimated living cost  is ₴23724 per week

₴17774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
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.
₴3924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴29538
-₴22865
-₴21391
-₴30310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
36
pensions
-
-
-
2 070
health
-
-
-
132
regional
-
-
-
367
city
-
-
-
237
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
total
-
-
-
3 292
Employee
47 511
-
19 957
-
pensions
3 992
-
1 879
-
regional
1 556
-
286
-
national
225
-
21
-
unemployment
-
-
-
-
health
107
-
45
-
city
510
-
212
-
total
6 390
-
2 443
-
Employer
47 511
-
19 957
-
unemployment
-
-
-
-
health
107
-
45
-
pensions
3 992
-
1 879
-
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.

950
-
399
-
total
5 049
-
2 323
-
Corporate
-
22 500
-
-
national
-
1 912
-
-
regional
-
4 759
-
-
total
-
6 671
-
-
Dividends
-
15 829
-
-
withholding
-
5 540
-
-
total
-
5 540
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 439
12 211
4 766
3 292
After tax
11 061
10 289
17 734
19 208
Living cost
40 599
40 599
40 599
40 599
Free-cash
-29 538
-30 310
-22 865
-21 391

Estimated living cost  is ₴40599 per week

₴26401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8269
-₴5817
-₴5817
-₴12227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
71
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.

-
-
-
3 498
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.

-
-
-
1 294
trade
-
-
-
-
total
-
-
-
4 863
Employee

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

30 769
-
22 500
-
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.

3 618
-
1 294
-
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
-
71
-
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.

3 498
-
3 498
-
total
7 315
-
4 863
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
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.

-
186
-
-
chamber of commerce
-
110
-
-
income
-
3 375
-
-
trade
-
3 859
-
-
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
-
3 548
-
-
total
-
3 743
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 315
11 273
4 863
4 863
After tax
15 185
11 227
17 637
17 637
Living cost
23 454
23 454
23 454
23 454
Free-cash
-8 269
-12 227
-5 817
-5 817

Estimated living cost  is ₴23454 per week

₴17130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6256
-₴3518
-₴3879
-₴6176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
6 665
health
-
-
-
195
income
-
-
-
663
social contributions
-
-
-
641
other
-
-
-
698
total
-
-
-
8 862
Employee
21 912
-
17 146
-
income
1 293
-
717
-
pensions
2 478
-
1 940
-
surtax
-
-
-
-
social contributions
625
-
489
-
total
4 396
-
3 146
-
Employer
21 912
-
17 146
-
unemployment
887
-
695
-
social contributions
66
-
51
-
health
1 534
-
1 200
-
pensions
3 600
-
2 817
-
other
756
-
592
-
total
6 843
-
5 355
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 073
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 239
11 159
8 501
8 862
After tax
11 261
11 341
13 999
13 638
Living cost
17 516
17 516
17 516
17 516
Free-cash
-6 256
-6 176
-3 518
-3 879

Estimated living cost  is ₴17516 per week

₴11045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
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.
₴4750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3167
-₴1782
-₴2143
-₴4440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
6 665
health
-
-
-
195
income
-
-
-
663
social contributions
-
-
-
641
other
-
-
-
698
total
-
-
-
8 862
Employee
19 559
-
17 146
-
income
1 008
-
717
-
pensions
2 212
-
1 940
-
surtax
-
-
-
-
social contributions
558
-
489
-
total
3 778
-
3 146
-
Employer
19 559
-
17 146
-
unemployment
792
-
695
-
social contributions
58
-
51
-
health
1 369
-
1 200
-
pensions
3 214
-
2 817
-
other
675
-
592
-
total
6 108
-
5 355
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 073
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 886
11 159
8 501
8 862
After tax
12 614
11 341
13 999
13 638
Living cost
15 781
15 781
15 781
15 781
Free-cash
-3 167
-4 440
-1 782
-2 143

Estimated living cost  is ₴15781 per week

₴9152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1603
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.
₴4727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2806
₴2891
₴3594
₴2871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 570
income
-
-
-
3 375
social contributions
-
-
-
3 105
total
-
-
-
8 050
Employee
17 359
-
22 500
-
income
2 895
-
4 078
-
social contributions
2 396
-
3 105
-
health
1 212
-
1 570
-
total
6 503
-
8 753
-
Employer
17 359
-
22 500
-
total
-
-
-
-
Corporate
5 141
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%.

257
1 125
-
-
total
257
1 125
-
-
Dividends
4 883
21 375
-
-
social contributions
893
2 950
-
-
withholding
733
3 206
-
-
health
452
1 492
-
-
total
2 078
7 648
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 838
8 773
8 753
8 050
After tax
13 662
13 727
13 747
14 450
Living cost
10 856
10 856
10 856
10 856
Free-cash
2 806
2 871
2 891
3 594

Estimated living cost  is ₴10856 per week

₴7265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11037
-₴9411
-₴5453
-₴7199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
3 140
surtax
-
-
-
101
pensions
-
-
-
4 162
health
-
-
-
1 722
income
-
-
-
698
chamber of commerce
-
-
-
90
total
-
-
-
9 913
Employee
25 586
20 403
20 403
-
other
256
204
172
-
income
2 913
1 505
1 650
-
pensions
2 620
2 089
1 762
-
unemployment
768
612
516
-
health
990
790
667
-
total
7 547
5 200
4 767
-
Employer
25 586
20 403
20 403
-
chamber of commerce
102
82
82
-
surtax
101
101
101
-
accident
332
265
223
-
payroll
768
612
612
-
unemployment
768
612
516
-
health
967
771
651
-
pensions
3 211
2 561
2 160
-
other
1 215
969
942
-
total
7 464
5 973
5 287
-
Corporate
1 943
1 943
15 270
-
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.

486
486
3 817
-
total
486
486
3 817
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 497
11 659
13 871
9 913
After tax
7 003
10 841
8 629
12 587
Living cost
18 040
18 040
18 040
18 040
Free-cash
-11 037
-7 199
-9 411
-5 453

Estimated living cost  is ₴18040 per week

₴12032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24783
-₴8557
-₴5645
-₴5943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 285
communal

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

-
-
-
1 232
social contributions
-
-
-
1 961
total
-
-
-
9 478
Employee

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

36 622
-
17 426
-
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.

2 747
-
1 307
-
communal

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

1 910
-
909
-
national
11 259
-
4 129
-
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.

319
-
152
-
health

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

1 721
-
819
-
total
17 956
-
7 316
-
Employer

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

36 622
-
17 426
-
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.

476
-
226
-
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.

534
-
255
-
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.

2 252
-
1 073
-
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.

3 245
-
1 544
-
surtax
4 153
-
1 976
-
total
10 660
-
5 074
-
Corporate
-
22 500
-
-
surtax
-
90
-
-
income
-
4 500
-
-
total
-
4 590
-
-
Dividends
-
17 909
-
-
withholding

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

-
5 186
-
-
total
-
5 186
-
-
Income
22 500
22 500
22 500
22 500
Total tax
28 616
9 776
12 390
9 478
After tax
-6 116
12 724
10 110
13 022
Living cost
18 667
18 667
18 667
18 667
Free-cash
-24 783
-5 943
-8 557
-5 645

Estimated living cost  is ₴18667 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1632
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.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11108
-₴5751
-₴5915
-₴3265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
157
accident
-
-
-
202
pensions
-
-
-
6 368
income
-
-
-
3 176
other
-
-
-
22
total
-
-
-
9 925
Employee
25 485
-
17 049
-
other
25
-
17
-
income
5 377
-
3 226
-
pensions
1 198
-
803
-
unemployment
395
-
265
-
total
6 995
-
4 311
-
Employer
25 485
-
17 049
-
accident
504
-
338
-
unemployment
1 402
-
940
-
pensions
6 014
-
4 035
-
other
203
-
137
-
total
8 123
-
5 450
-
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
15 118
7 275
9 761
9 925
After tax
7 382
15 225
12 739
12 575
Living cost
18 490
18 490
18 490
18 490
Free-cash
-11 108
-3 265
-5 751
-5 915

Estimated living cost  is ₴18490 per week

₴13616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
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.
₴3296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20903
-₴12935
-₴12935
-₴13667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
220
surtax
-
-
-
1 159
pensions
-
-
-
3 898
communal
-
-
-
-
health
-
-
-
1 827
income
-
-
-
508
total
-
-
-
7 612
Employee
38 772
-
19 588
-
income
3 745
-
508
-
pensions
3 101
-
1 949
-
surtax
2 376
-
1 159
-
health
1 726
-
1 084
-
total
10 948
-
4 700
-
Employer
38 772
-
19 588
-
accident
349
-
220
-
health
1 182
-
743
-
pensions
3 101
-
1 949
-
total
4 632
-
2 912
-
Corporate
-
22 500
-
-
surtax
-
236
-
-
communal
-
1 519
-
-
income
-
3 375
-
-
total
-
5 130
-
-
Dividends
-
17 370
-
-
income
-
608
-
-
withholding
-
2 606
-
-
total
-
3 214
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 580
8 344
7 612
7 612
After tax
6 920
14 156
14 888
14 888
Living cost
27 823
27 823
27 823
27 823
Free-cash
-20 903
-13 667
-12 935
-12 935

Estimated living cost  is ₴27823 per week

₴20871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1686
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.
₴4971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1024
₴877
₴1426
₴2652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
117
surtax
-
-
-
102
pensions
-
-
-
4 500
health
-
-
-
1 598
income
-
-
-
3 257
other
-
-
-
-
total
-
-
-
9 574
Employee
17 242
-
18 587
-
other
-
-
-
-
income
2 890
-
3 116
-
pensions
1 150
-
1 240
-
surtax
61
-
86
-
unemployment
1 200
-
1 294
-
health
440
-
474
-
total
5 741
-
6 210
-
Employer
17 242
-
18 587
-
unemployment
547
-
589
-
health
784
-
846
-
pensions
2 299
-
2 478
-
other
-
-
-
-
total
3 630
-
3 913
-
Corporate
1 629
22 500
-
-
income
424
5 850
-
-
total
424
5 850
-
-
Dividends
1 205
16 650
-
-
withholding
181
2 498
-
-
total
181
2 498
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 976
8 348
10 123
9 574
After tax
12 524
14 152
12 377
12 926
Living cost
11 500
11 500
11 500
11 500
Free-cash
1 024
2 652
877
1 426

Estimated living cost  is ₴11500 per week

₴6943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴3291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5901
-₴2745
-₴1483
-₴1965
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 930
regional
-
-
-
340
municipal
-
-
-
134
social contributions
-
-
-
5 787
total
-
-
-
10 191
Employee
28 400
-
22 500
-
regional
382
-
303
-
national
4 499
-
3 443
-
social contributions
9 577
-
7 587
-
municipal
151
-
120
-
total
14 609
-
11 453
-
Employer
28 400
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 118
-
-
total
-
6 518
-
-
Dividends
-
15 982
-
-
withholding
-
4 155
-
-
total
-
4 155
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 609
10 673
11 453
10 191
After tax
7 891
11 827
11 047
12 309
Living cost
13 792
13 792
13 792
13 792
Free-cash
-5 901
-1 965
-2 745
-1 483

Estimated living cost  is ₴13792 per week

₴8577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8257
-₴4190
-₴4650
-₴117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 038
solidarity contribution
-
-
-
-
income
-
-
-
1 934
social contributions
-
-
-
6 570
total
-
-
-
11 542
Employee
22 952
-
16 791
-
solidarity contribution
-
-
-
-
income
2 754
-
2 015
-
social contributions
1 492
-
1 091
-
health
3 099
-
2 267
-
total
7 345
-
5 373
-
Employer
22 952
-
16 791
-
social contributions
5 738
-
4 198
-
health
2 066
-
1 511
-
total
7 804
-
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
15 149
7 009
11 082
11 542
After tax
7 351
15 491
11 418
10 958
Living cost
15 608
15 608
15 608
15 608
Free-cash
-8 257
-117
-4 190
-4 650

Estimated living cost  is ₴15608 per week

₴11607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6806
-₴7655
-₴3646
-₴5392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
3 140
surtax
-
-
-
-
pensions
-
-
-
4 162
health
-
-
-
1 722
income
-
-
-
698
chamber of commerce
-
-
-
90
total
-
-
-
9 812
Employee
22 380
20 403
20 403
-
other
223
204
173
-
income
1 994
1 505
1 646
-
pensions
2 292
2 089
1 771
-
unemployment
671
612
519
-
health
866
790
669
-
total
6 046
5 200
4 778
-
Employer
22 380
20 403
20 403
-
chamber of commerce
89
82
82
-
surtax
-
-
-
-
accident
291
265
224
-
payroll
671
612
612
-
unemployment
671
612
519
-
health
846
771
654
-
pensions
2 809
2 561
2 171
-
other
1 063
969
942
-
total
6 440
5 872
5 204
-
Corporate
1 943
1 943
15 353
-
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.

486
486
3 839
-
total
486
486
3 839
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 972
11 558
13 821
9 812
After tax
9 528
10 942
8 679
12 688
Living cost
16 334
16 334
16 334
16 334
Free-cash
-6 806
-5 392
-7 655
-3 646

Estimated living cost  is ₴16334 per week

₴9798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1668
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.
₴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

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
₴13029
₴10972
₴15247
₴14347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 785
-
22 500
-
income
1 757
-
4 500
-
total
1 757
-
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%.

13 715
22 500
-
-
total
-
-
-
-
Dividends
13 715
22 500
-
-
withholding
686
1 125
-
-
total
686
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
2 443
1 125
4 500
225
After tax
20 057
21 375
18 000
22 275
Living cost
7 028
7 028
7 028
7 028
Free-cash
13 029
14 347
10 972
15 247

Estimated living cost  is ₴7028 per week

₴4756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
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.
₴1741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3664
-₴1804
-₴1090
₴1759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
22 500
unemployment
-
-
-
34
pensions
-
-
-
4 109
health
-
-
-
2 214
income
-
-
-
3 501
total
-
-
-
9 858
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.

22 640
-
19 469
-
income
3 904
-
3 238
-
pensions
3 509
-
3 018
-
unemployment
32
-
27
-
health
1 462
-
1 257
-
total
8 907
-
7 540
-
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.

22 640
-
19 469
-
unemployment
14
-
12
-
health
1 508
-
1 297
-
pensions
2 003
-
1 723
-
total
3 525
-
3 032
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 432
7 009
10 572
9 858
After tax
10 068
15 491
11 928
12 642
Living cost
13 732
13 732
13 732
13 732
Free-cash
-3 664
1 759
-1 804
-1 090

Estimated living cost  is ₴13732 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴880
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.
₴3162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴60441
-₴8847
-₴8453
-₴10313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 386
social contributions
-
-
-
2 565
total
-
-
-
6 951
Employee
34 416
-
526
-
income
7 591
-
27
-
social contributions
2 822
-
402
-
total
10 413
-
429
-
Employer
34 416
-
526
-
social contributions
48 526
-
6 916
-
total
48 526
-
6 916
-
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
58 939
8 811
7 345
6 951
After tax
-36 439
13 689
15 155
15 549
Living cost
24 002
24 002
24 002
24 002
Free-cash
-60 441
-10 313
-8 847
-8 453

Estimated living cost  is ₴24002 per week

₴15574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2257
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6639
-₴3331
-₴2874
-₴3261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
1 497
social contributions

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

-
-
-
7 818
total
-
-
-
9 315
Employee
23 547
-
18 181
-
income
4 898
-
3 454
-
surtax
-
-
-
-
social contributions
2 590
-
2 000
-
total
7 488
-
5 454
-
Employer
23 547
-
18 181
-
social contributions
5 592
-
4 318
-
total
5 592
-
4 318
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
13 080
9 702
9 772
9 315
After tax
9 420
12 798
12 728
13 185
Living cost
16 059
16 059
16 059
16 059
Free-cash
-6 639
-3 261
-3 331
-2 874

Estimated living cost  is ₴16059 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴947
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19581
-₴10729
-₴11090
-₴13387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
6 665
health
-
-
-
195
income
-
-
-
663
social contributions
-
-
-
641
other
-
-
-
698
total
-
-
-
8 862
Employee
32 066
-
17 146
-
income
2 798
-
717
-
pensions
3 627
-
1 940
-
surtax
-
-
-
-
social contributions
913
-
489
-
total
7 338
-
3 146
-
Employer
32 066
-
17 146
-
unemployment
1 299
-
695
-
social contributions
96
-
51
-
health
2 244
-
1 200
-
pensions
5 269
-
2 817
-
other
1 107
-
592
-
total
10 015
-
5 355
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 073
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
17 353
11 159
8 501
8 862
After tax
5 147
11 341
13 999
13 638
Living cost
24 728
24 728
24 728
24 728
Free-cash
-19 581
-13 387
-10 729
-11 090

Estimated living cost  is ₴24728 per week

₴16735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3140
₴2823
₴2160
₴4860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 950
total
-
-
-
4 950
Employee
16 460
-
19 480
-
income
-
-
-
-
social contributions
1 070
-
1 267
-
total
1 070
-
1 267
-
Employer
16 460
-
19 480
-
social contributions
2 551
-
3 020
-
total
2 551
-
3 020
-
Corporate
3 489
22 500
-
-
income
349
2 250
-
-
total
349
2 250
-
-
Dividends
3 140
20 250
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
3 970
2 250
4 287
4 950
After tax
18 530
20 250
18 213
17 550
Living cost
15 390
15 390
15 390
15 390
Free-cash
3 140
4 860
2 823
2 160

Estimated living cost  is ₴15390 per week

₴9951
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.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴88836
-₴88836
-₴9564
-₴88836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
1 950
pensions
-
-
-
443
municipal
-
-
-
3 296
labour market
-
-
-
1 765
total
-
-
-
7 454
Employee
103 873
103 873
103 873
-
labour market
8 298
8 298
8 298
-
pensions
148
148
148
-
national
12 690
12 690
12 690
-
municipal
22 119
22 119
22 119
-
total
43 255
43 255
43 255
-
Employer
103 873
103 873
103 873
-
labour market
8 310
8 310
8 310
-
national
12 712
12 712
12 712
-
municipal
22 154
22 154
22 154
-
pensions
295
295
295
-
total
43 471
43 471
43 471
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
86 726
86 726
86 726
7 454
After tax
-64 226
-64 226
-64 226
15 046
Living cost
24 610
24 610
24 610
24 610
Free-cash
-88 836
-88 836
-88 836
-9 564

Estimated living cost  is ₴24610 per week

₴16843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
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.
₴5211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴151
₴983
₴4720
-₴9077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
3 378
other
-
-
-
186
total
-
-
-
6 880
Employee
17 146
-
18 691
-
income
2 352
-
2 564
-
pensions
1 931
-
2 104
-
health
1 963
-
2 140
-
total
6 246
-
6 808
-
Employer
17 146
-
18 691
-
accident
286
-
312
-
unemployment
420
-
458
-
pensions
2 788
-
3 039
-
total
3 494
-
3 809
-
Corporate
1 860
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.

1 674
20 250
-
-
total
1 674
20 250
-
-
Dividends
186
2 250
-
-
withholding
35
427
-
-
total
35
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 449
20 677
10 617
6 880
After tax
11 051
1 823
11 883
15 620
Living cost
10 900
10 900
10 900
10 900
Free-cash
151
-9 077
983
4 720

Estimated living cost  is ₴10900 per week

₴7934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9518
-₴5491
-₴1631
-₴4086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
316
health
-
-
-
133
municipal
-
-
-
4 026
total
-
-
-
4 475
Employee
26 936
-
18 928
-
pensions
1 818
-
1 278
-
national
445
-
12
-
unemployment
404
-
284
-
municipal
4 412
-
3 112
-
health
201
-
78
-
total
7 280
-
4 764
-
Employer
26 936
-
18 928
-
accident
27
-
18
-
unemployment
175
-
123
-
health
207
-
146
-
pensions
4 673
-
3 284
-
total
5 082
-
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
12 362
6 930
8 335
4 475
After tax
10 138
15 570
14 165
18 025
Living cost
19 656
19 656
19 656
19 656
Free-cash
-9 518
-4 086
-5 491
-1 631

Estimated living cost  is ₴19656 per week

₴12839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1995
₴2318
₴6562
-₴930
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
574
income
-
-
-
-
social contributions
-
-
-
3 510
total
-
-
-
4 084
Employee
39 369
39 369
39 369
-
income
4 287
3 644
4 213
-
social contributions
1 488
3 267
1 695
-
health
305
669
347
-
total
6 080
7 580
6 255
-
Employer
39 369
39 369
39 369
-
social contributions
1 488
3 267
1 695
-
health
331
729
378
-
total
1 819
3 996
2 073
-
Corporate
2 746
-
-
-
income
343
-
-
-
total
343
-
-
-
Dividends
2 403
-
-
-
withholding
409
-
-
-
total
409
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 651
11 576
8 328
4 084
After tax
13 849
10 924
14 172
18 416
Living cost
11 854
11 854
11 854
11 854
Free-cash
1 995
-930
2 318
6 562

Estimated living cost  is ₴11854 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
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.
₴3325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7900
₴5851
₴7516
₴10503
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
22 500
unemployment
-
-
-
15
pensions
-
-
-
3 257
health
-
-
-
1 853
income
-
-
-
1 730
total
-
-
-
6 855
Employee

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

11 752
-
20 398
-
income
803
-
1 524
-
pensions
1 762
-
3 059
-
unemployment
58
-
102
-
health
999
-
1 734
-
total
3 622
-
6 419
-
Employer

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

11 752
-
20 398
-
unemployment
58
-
102
-
health
505
-
877
-
pensions
646
-
1 122
-
total
1 209
-
2 101
-
Corporate
9 539
22 500
-
-
income
859
2 025
-
-
total
859
2 025
-
-
Dividends
8 680
20 475
-
-
withholding
781
1 843
-
-
total
781
1 843
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 471
3 868
8 520
6 855
After tax
16 029
18 632
13 980
15 645
Living cost
8 129
8 129
8 129
8 129
Free-cash
7 900
10 503
5 851
7 516

Estimated living cost  is ₴8129 per week

₴5186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2466
-₴1340
-₴1504
₴1146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
157
accident
-
-
-
202
pensions
-
-
-
6 368
income
-
-
-
3 176
other
-
-
-
22
total
-
-
-
9 925
Employee
18 931
-
17 049
-
other
18
-
17
-
income
3 650
-
3 226
-
pensions
890
-
803
-
unemployment
293
-
265
-
total
4 851
-
4 311
-
Employer
18 931
-
17 049
-
accident
375
-
338
-
unemployment
1 042
-
940
-
pensions
4 467
-
4 035
-
other
152
-
137
-
total
6 036
-
5 450
-
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
10 887
7 275
9 761
9 925
After tax
11 613
15 225
12 739
12 575
Living cost
14 079
14 079
14 079
14 079
Free-cash
-2 466
1 146
-1 340
-1 504

Estimated living cost  is ₴14079 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
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.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13016
₴13166
₴13228
₴13160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
642
health
-
-
-
465
income
-
-
-
7 285
total
-
-
-
8 392
Employee
1 340
-
21 778
-
income
259
-
7 251
-
pensions
121
-
289
-
unemployment
13
-
32
-
health
67
-
160
-
total
460
-
7 732
-
Employer
1 340
-
21 778
-
unemployment
27
-
64
-
health
127
-
305
-
pensions
147
-
353
-
total
301
-
722
-
Corporate
20 859
22 500
-
-
income
4 589
4 950
-
-
total
4 589
4 950
-
-
Dividends
16 270
17 550
-
-
withholding
3 254
3 510
-
-
total
3 254
3 510
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 604
8 460
8 454
8 392
After tax
13 896
14 040
14 046
14 108
Living cost
880
880
880
880
Free-cash
13 016
13 160
13 166
13 228

Estimated living cost  is ₴880 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4906
₴3459
₴2492
₴7419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
22 500
unemployment
-
-
-
337
pensions
-
-
-
5 850
health
-
-
-
2 317
income
-
-
-
2 667
total
-
-
-
11 171
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.

13 325
-
19 084
-
income
1 837
-
2 990
-
pensions
1 865
-
2 672
-
unemployment
100
-
143
-
health
686
-
983
-
total
4 488
-
6 788
-
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.

13 325
-
19 084
-
unemployment
100
-
143
-
health
686
-
983
-
pensions
1 599
-
2 290
-
total
2 385
-
3 416
-
Corporate
6 790
22 500
-
-
income
1 018
3 375
-
-
total
1 018
3 375
-
-
Dividends
5 771
19 125
-
-
withholding
866
2 869
-
-
total
866
2 869
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 757
6 244
10 204
11 171
After tax
13 743
16 256
12 296
11 329
Living cost
8 837
8 837
8 837
8 837
Free-cash
4 906
7 419
3 459
2 492

Estimated living cost  is ₴8837 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2091
-₴1075
-₴618
-₴1005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
1 497
social contributions

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

-
-
-
7 818
total
-
-
-
9 315
Employee
19 871
-
18 181
-
income
3 883
-
3 454
-
surtax
-
-
-
-
social contributions
2 186
-
2 000
-
total
6 069
-
5 454
-
Employer
19 871
-
18 181
-
social contributions
4 719
-
4 318
-
total
4 719
-
4 318
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 788
9 702
9 772
9 315
After tax
11 712
12 798
12 728
13 185
Living cost
13 803
13 803
13 803
13 803
Free-cash
-2 091
-1 005
-1 075
-618

Estimated living cost  is ₴13803 per week

₴9776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10109
-₴5254
-₴5418
-₴2768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
157
accident
-
-
-
202
pensions
-
-
-
6 368
income
-
-
-
3 176
other
-
-
-
22
total
-
-
-
9 925
Employee
24 726
-
17 049
-
other
24
-
17
-
income
5 164
-
3 226
-
pensions
1 162
-
803
-
unemployment
383
-
265
-
total
6 733
-
4 311
-
Employer
24 726
-
17 049
-
accident
490
-
338
-
unemployment
1 360
-
940
-
pensions
5 835
-
4 035
-
other
198
-
137
-
total
7 883
-
5 450
-
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
14 616
7 275
9 761
9 925
After tax
7 884
15 225
12 739
12 575
Living cost
17 993
17 993
17 993
17 993
Free-cash
-10 109
-2 768
-5 254
-5 418

Estimated living cost  is ₴17993 per week

₴12922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3419
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6924
₴5223
₴5102
₴10145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
3 375
total
-
-
-
8 305
Employee
12 041
-
18 877
-
income
1 204
-
1 888
-
pensions

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

1 057
-
1 621
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
health
554
-
849
-
total
2 947
-
4 561
-
Employer
12 041
-
18 877
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
unemployment
72
-
111
-
health
831
-
1 274
-
pensions

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

1 327
-
2 035
-
total
2 362
-
3 623
-
Corporate
8 097
22 500
-
-
income
810
2 250
-
-
total
810
2 250
-
-
Dividends
7 287
20 250
-
-
withholding
364
1 012
-
-
total
364
1 012
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 483
3 262
8 184
8 305
After tax
16 017
19 238
14 316
14 195
Living cost
9 093
9 093
9 093
9 093
Free-cash
6 924
10 145
5 223
5 102

Estimated living cost  is ₴9093 per week

₴6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2975
-₴2129
-₴2129
-₴8077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
71
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.

-
-
-
3 498
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.

-
-
-
1 294
trade
-
-
-
-
total
-
-
-
4 863
Employee

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

25 474
-
22 500
-
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.

2 095
-
1 294
-
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.

116
-
71
-
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.

3 498
-
3 498
-
total
5 709
-
4 863
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
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.

-
186
-
-
chamber of commerce
-
111
-
-
income
-
3 375
-
-
trade
-
3 229
-
-
total
-
6 901
-
-
Dividends
-
15 600
-
-
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
5 709
10 811
4 863
4 863
After tax
16 791
11 689
17 637
17 637
Living cost
19 766
19 766
19 766
19 766
Free-cash
-2 975
-8 077
-2 129
-2 129

Estimated living cost  is ₴19766 per week

₴13635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17549
-₴10958
-₴10958
-₴13416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 897
social contributions
-
-
-
1 396
total
-
-
-
4 293
Employee
40 048
-
22 500
-
income
7 557
-
2 897
-
social contributions
3 327
-
1 396
-
total
10 884
-
4 293
-
Employer
40 048
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
2 813
-
-
total
-
2 813
-
-
Dividends
-
19 687
-
-
withholding
-
3 938
-
-
total
-
3 938
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 884
6 751
4 293
4 293
After tax
11 616
15 749
18 207
18 207
Living cost
29 165
29 165
29 165
29 165
Free-cash
-17 549
-13 416
-10 958
-10 958

Estimated living cost  is ₴29165 per week

₴22188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4867
-₴2048
-₴13907
-₴6154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
22 500
health

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

-
-
-
3 248
income
-
-
-
14 574
total
-
-
-
17 822
Employee
23 487
-
20 451
-
income
2 548
-
1 865
-
social contributions
2 353
-
2 049
-
total
4 901
-
3 914
-
Employer
23 487
-
20 451
-
social contributions
2 353
-
2 049
-
total
2 353
-
2 049
-
Corporate
-
22 500
-
-
income
-
7 875
-
-
total
-
7 875
-
-
Dividends
-
14 625
-
-
social contributions
1 528
2 194
-
-
total
1 528
2 194
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 782
10 069
5 963
17 822
After tax
13 718
12 431
16 537
4 678
Living cost
18 585
18 585
18 585
18 585
Free-cash
-4 867
-6 154
-2 048
-13 907

Estimated living cost  is ₴18585 per week

₴12242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7152
-₴4251
-₴2214
-₴2429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
pensions
-
-
-
1 158
income
-
-
-
4 269
total
-
-
-
5 427
Employee
26 474
-
20 293
-
income
4 821
-
3 759
-
pensions
2 021
-
1 280
-
health
345
-
218
-
total
7 187
-
5 257
-
Employer
26 474
-
20 293
-
health
503
-
385
-
pensions
2 675
-
1 822
-
total
3 178
-
2 207
-
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
10 365
5 642
7 464
5 427
After tax
12 135
16 858
15 036
17 073
Living cost
19 287
19 287
19 287
19 287
Free-cash
-7 152
-2 429
-4 251
-2 214

Estimated living cost  is ₴19287 per week

₴13231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴184
-₴96
₴3641
-₴10156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
3 378
other
-
-
-
186
total
-
-
-
6 880
Employee
18 843
-
18 691
-
income
2 585
-
2 564
-
pensions
2 122
-
2 104
-
health
2 157
-
2 140
-
total
6 864
-
6 808
-
Employer
18 843
-
18 691
-
accident
315
-
312
-
unemployment
462
-
458
-
pensions
3 064
-
3 039
-
total
3 841
-
3 809
-
Corporate
-
22 500
-
-
income

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

-
20 250
-
-
total
-
20 250
-
-
Dividends
-
2 250
-
-
withholding
-
427
-
-
total
-
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 705
20 677
10 617
6 880
After tax
11 795
1 823
11 883
15 620
Living cost
11 979
11 979
11 979
11 979
Free-cash
-184
-10 156
-96
3 641

Estimated living cost  is ₴11979 per week

₴8791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9719
₴6710
₴6710
₴12209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
22 500
unemployment
-
-
-
270
pensions
-
-
-
4 140
income
-
-
-
2 686
health insurance
-
-
-
1 665
work injury
-
-
-
113
total
-
-
-
8 874
Employee

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

11 066
-
22 500
-
income
1 107
-
2 686
-
pensions
2 036
-
4 140
-
health insurance
819
-
1 665
-
unemployment
133
-
270
-
work injury
55
-
113
-
total
4 150
-
8 874
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 434
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
11 434
22 500
-
-
withholding
1 715
3 375
-
-
total
1 715
3 375
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 865
3 375
8 874
8 874
After tax
16 635
19 125
13 626
13 626
Living cost
6 916
6 916
6 916
6 916
Free-cash
9 719
12 209
6 710
6 710

Estimated living cost  is ₴6916 per week

₴4285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₴20642
-₴9322
-₴8074
-₴8544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 930
regional
-
-
-
310
municipal
-
-
-
151
social contributions
-
-
-
5 787
total
-
-
-
10 178
Employee
43 143
-
22 500
-
regional
651
-
262
-
national
7 291
-
3 443
-
social contributions
14 547
-
7 587
-
municipal
257
-
134
-
total
22 746
-
11 426
-
Employer
43 143
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 084
-
-
total
-
6 484
-
-
Dividends
-
16 016
-
-
withholding
-
4 164
-
-
total
-
4 164
-
-
Income
22 500
22 500
22 500
22 500
Total tax
22 746
10 648
11 426
10 178
After tax
-246
11 852
11 074
12 322
Living cost
20 396
20 396
20 396
20 396
Free-cash
-20 642
-8 544
-9 322
-8 074

Estimated living cost  is ₴20396 per week

₴14327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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