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
-₴3499
₴2634
₴2634
₴1964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 461
surtax

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

-
-
-
81
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
4 914
Employee

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

18 881
-
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.

29
-
81
-
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.

527
-
1 461
-
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.

3 372
-
3 372
-
total
3 928
-
4 914
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 619
22 500
-
-
income
542
3 375
-
-
surtax

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

30
185
-
-
chamber of commerce
81
108
-
-
trade
570
3 544
-
-
total
1 223
7 212
-
-
Dividends
2 396
15 288
-
-
surtax

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

22
200
-
-
withholding
411
3 635
-
-
total
433
3 835
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 584
11 047
4 914
4 914
After tax
16 916
11 453
17 586
17 586
Living cost
14 952
14 952
14 952
14 952
Free-cash
1 964
-3 499
2 634
2 634

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
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.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12175
-₴11526
-₴11703
-₴21827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
242
municipal
-
-
-
1 979
national
-
-
-
3 067
pensions
-
-
-
2 700
total
-
-
-
7 988
Employee
40 639
-
19 451
-
municipal
5 020
-
2 066
-
pensions
1 626
-
778
-
national
7 778
-
3 202
-
total
14 424
-
6 046
-
Employer
40 639
-
19 451
-
pensions
3 251
-
1 556
-
social contributions
437
-
209
-
total
3 688
-
1 765
-
Corporate
-
22 500
-
-
income

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

-
4 500
-
-
total
-
4 500
-
-
Dividends
-
18 000
-
-
withholding
-
3 960
-
-
total
-
3 960
-
-
Income
22 500
22 500
22 500
22 500
Total tax
18 112
8 460
7 811
7 988
After tax
4 388
14 040
14 689
14 512
Living cost
26 215
26 215
26 215
26 215
Free-cash
-21 827
-12 175
-11 526
-11 703

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7730
₴2641
₴7301
₴3680
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
1 554
microenterprise
-
-
-
3 375
total
-
-
-
4 929
Employee
14 425
-
18 132
-
surtax
-
-
-
-
social contributions

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

1 587
-
1 994
-
income
2 568
-
3 227
-
total
4 155
-
5 221
-
Employer
14 425
-
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.

3 475
-
4 368
-
surtax
-
-
-
-
total
3 475
-
4 368
-
Corporate
4 601
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%.

920
4 500
-
-
total
920
4 500
-
-
Dividends

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

3 681
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 550
4 500
9 589
4 929
After tax
13 950
18 000
12 911
17 571
Living cost
10 270
10 270
10 270
10 270
Free-cash
3 680
7 730
2 641
7 301

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23750
-₴26520
-₴7759
-₴26520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 075
health
-
-
-
3 454
pensions
-
-
-
4 050
total
-
-
-
9 579
Employee
42 155
42 155
42 155
-
pensions
7 588
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
6 470
5 504
6 470
-
total
20 958
18 188
20 958
-
Employer
42 155
42 155
42 155
-
health
2 930
2 930
2 930
-
pensions
2 934
2 934
2 934
-
unemployment
1 518
1 518
1 518
-
total
7 382
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
28 340
25 570
28 340
9 579
After tax
-5 840
-3 070
-5 840
12 921
Living cost
20 680
20 680
20 680
20 680
Free-cash
-26 520
-23 750
-26 520
-7 759

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴7940
-₴8209
-₴9010
-₴15374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
45
other
-
-
-
2 615
unemployment
-
-
-
23
health
-
-
-
1 404
municipal
-
-
-
4 766
national
-
-
-
-
pensions
-
-
-
2 432
total
-
-
-
11 285
Employee
28 819
-
17 121
-
municipal
8 594
-
5 105
-
national
-
-
-
-
total
8 594
-
5 105
-
Employer
28 819
-
17 121
-
health
1 772
-
1 053
-
pensions
3 115
-
1 851
-
accident
58
-
34
-
unemployment
761
-
452
-
other
3 349
-
1 989
-
total
9 055
-
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
17 649
10 215
10 484
11 285
After tax
4 851
12 285
12 016
11 215
Living cost
20 225
20 225
20 225
20 225
Free-cash
-15 374
-7 940
-8 209
-9 010

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8054
-₴1807
-₴1807
-₴2534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 461
surtax

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

-
-
-
81
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
4 914
Employee

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

25 034
-
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.

118
-
81
-
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.

2 151
-
1 461
-
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.

3 372
-
3 372
-
total
5 641
-
4 914
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
surtax

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

-
185
-
-
chamber of commerce
-
107
-
-
trade
-
3 701
-
-
total
-
7 368
-
-
Dividends
-
15 131
-
-
surtax

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

-
198
-
-
withholding
-
3 595
-
-
total
-
3 793
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 641
11 161
4 914
4 914
After tax
16 859
11 339
17 586
17 586
Living cost
19 393
19 393
19 393
19 393
Free-cash
-2 534
-8 054
-1 807
-1 807

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4673
-₴1668
₴2376
-₴1976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30
social contributions
-
-
-
3 510
health
-
-
-
573
total
-
-
-
4 113
Employee
37 959
37 959
37 959
-
social contributions
1 845
3 150
1 696
-
income
3 986
3 514
4 039
-
health
378
645
348
-
total
6 209
7 309
6 083
-
Employer
37 959
37 959
37 959
-
health
411
703
378
-
social contributions
1 845
3 150
1 696
-
total
2 256
3 853
2 074
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 465
11 162
8 157
4 113
After tax
14 035
11 338
14 343
18 387
Living cost
16 011
16 011
16 011
16 011
Free-cash
-1 976
-4 673
-1 668
2 376

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴3719
₴3985
₴6529
₴3906
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
18 828
-
unemployment
196
78
282
-
pensions
1 308
520
1 883
-
income
1 599
636
2 302
-
health
915
364
1 318
-
total
4 018
1 598
5 785
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
18 828
-
pensions
2 550
1 015
3 672
-
total
2 550
1 015
3 672
-
Corporate
6 874
16 281
-
-
income
619
1 465
-
-
total
619
1 465
-
-
Dividends
6 256
14 816
-
-
social contributions
1 160
2 830
-
-
withholding
1 189
2 815
-
-
total
2 349
5 645
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 536
9 723
9 457
6 913
After tax
12 964
12 777
13 043
15 587
Living cost
9 058
9 058
9 058
9 058
Free-cash
3 906
3 719
3 985
6 529

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6077
₴1867
₴1085
₴3011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 067
health
-
-
-
2 925
pensions
-
-
-
4 500
total
-
-
-
9 492
Employee
14 004
-
16 816
-
unemployment
224
-
269
-
pensions
280
-
336
-
income
1 577
-
2 421
-
total
2 081
-
3 026
-
Employer
14 004
-
16 816
-
health
1 820
-
2 186
-
pensions
2 801
-
3 363
-
unemployment
112
-
135
-
total
4 733
-
5 684
-
Corporate
3 762
22 500
-
-
income
752
4 500
-
-
total
752
4 500
-
-
Dividends
3 010
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 566
4 500
8 710
9 492
After tax
14 934
18 000
13 790
13 008
Living cost
11 923
11 923
11 923
11 923
Free-cash
3 011
6 077
1 867
1 085

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9172
₴888
₴4623
₴136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
126
income
-
-
-
3 402
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
6 882
Employee
17 295
-
18 691
-
pensions
1 947
-
2 104
-
income
2 373
-
2 564
-
health
1 980
-
2 140
-
total
6 300
-
6 808
-
Employer
17 295
-
18 691
-
pensions
2 812
-
3 039
-
accident
289
-
312
-
unemployment
424
-
458
-
total
3 525
-
3 809
-
Corporate
1 680
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.

1 512
20 250
-
-
total
1 512
20 250
-
-
Dividends
168
2 250
-
-
withholding
32
427
-
-
total
32
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 369
20 677
10 617
6 882
After tax
11 131
1 823
11 883
15 618
Living cost
10 995
10 995
10 995
10 995
Free-cash
136
-9 172
888
4 623

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17380
₴14005
₴18280
₴16631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
22 500
-
income
999
-
4 500
-
total
999
-
4 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

17 506
22 500
-
-
total
-
-
-
-
Dividends
17 506
22 500
-
-
withholding
875
1 125
-
-
total
875
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
1 874
1 125
4 500
225
After tax
20 626
21 375
18 000
22 275
Living cost
3 995
3 995
3 995
3 995
Free-cash
16 631
17 380
14 005
18 280

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3377
₴36
-₴971
₴44
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 858
other
-
-
-
1 069
health
-
-
-
990
pensions

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

-
-
-
5 400
total
-
-
-
10 317
Employee
17 924
-
17 971
-
unemployment
179
-
180
-
pensions

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

1 254
-
1 257
-
income
3 086
-
3 093
-
health
251
-
252
-
total
4 770
-
4 782
-
Employer
17 924
-
17 971
-
health
251
-
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.

3 047
-
3 055
-
accident
143
-
143
-
unemployment
179
-
180
-
other
897
-
898
-
total
4 517
-
4 528
-
Corporate
59
22 500
-
-
income
12
4 725
-
-
total
12
4 725
-
-
Dividends
47
17 775
-
-
withholding
3
1 244
-
-
total
3
1 244
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 302
5 969
9 310
10 317
After tax
13 198
16 531
13 190
12 183
Living cost
13 154
13 154
13 154
13 154
Free-cash
44
3 377
36
-971

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15958
-₴17871
-₴15781
-₴30293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 259
pensions
-
-
-
1 206
total
-
-
-
5 465
Employee
46 430
-
20 247
-
pensions
4 479
-
1 337
-
income
8 369
-
3 737
-
health
765
-
228
-
total
13 613
-
5 302
-
Employer
46 430
-
20 247
-
health
882
-
385
-
pensions
5 482
-
1 868
-
total
6 364
-
2 253
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
19 977
5 642
7 555
5 465
After tax
2 523
16 858
14 945
17 035
Living cost
32 816
32 816
32 816
32 816
Free-cash
-30 293
-15 958
-17 871
-15 781

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12756
₴8220
₴8034
₴10460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 375
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
7 985
Employee
8 582
-
19 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
1 911
-
health
395
-
794
-
total
2 101
-
4 411
-
Employer
8 582
-
19 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
12 234
22 500
-
-
income
1 224
2 250
-
-
total
1 224
2 250
-
-
Dividends
11 011
20 250
-
-
withholding
551
1 013
-
-
total
551
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 559
3 263
7 799
7 985
After tax
16 941
19 237
14 701
14 515
Living cost
6 481
6 481
6 481
6 481
Free-cash
10 460
12 756
8 220
8 034

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30443
-₴33213
-₴14452
-₴31280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 075
health
-
-
-
3 454
pensions
-
-
-
4 050
total
-
-
-
9 579
Employee
45 767
42 155
42 155
-
pensions
5 784
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
5 710
5 504
6 470
-
total
18 394
18 188
20 958
-
Employer
45 767
42 155
42 155
-
health
3 180
2 930
2 930
-
pensions
3 185
2 934
2 934
-
unemployment
1 648
1 518
1 518
-
total
8 013
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
26 407
25 570
28 340
9 579
After tax
-3 907
-3 070
-5 840
12 921
Living cost
27 373
27 373
27 373
27 373
Free-cash
-31 280
-30 443
-33 213
-14 452

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3224
-₴849
-₴1308
-₴1674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 934
social contributions
-
-
-
6 570
solidarity contribution
-
-
-
-
health
-
-
-
3 037
total
-
-
-
11 541
Employee
18 040
-
16 791
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
1 091
-
income
2 165
-
2 015
-
health
2 435
-
2 267
-
total
5 773
-
5 373
-
Employer
18 040
-
16 791
-
health
1 624
-
1 511
-
social contributions
4 510
-
4 198
-
total
6 134
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 907
7 009
11 082
11 541
After tax
10 593
15 491
11 418
10 959
Living cost
12 267
12 267
12 267
12 267
Free-cash
-1 674
3 224
-849
-1 308

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8825
-₴9687
-₴8416
-₴21372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
regional
-
-
-
215
municipal
-
-
-
134
national
-
-
-
3 950
total
-
-
-
10 086
Employee
43 872
-
22 500
-
municipal
232
-
119
-
national
7 602
-
3 464
-
regional
414
-
187
-
social contributions
14 794
-
7 587
-
total
23 042
-
11 357
-
Employer
43 872
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
878
-
-
nationa
-
5 400
-
-
total
-
6 278
-
-
Dividends
-
16 223
-
-
withholding
-
4 217
-
-
total
-
4 217
-
-
Income
22 500
22 500
22 500
22 500
Total tax
23 042
10 495
11 357
10 086
After tax
-542
12 005
11 143
12 414
Living cost
20 830
20 830
20 830
20 830
Free-cash
-21 372
-8 825
-9 687
-8 416

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3260
₴1475
₴2029
₴1724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 258
other
-
-
-
-
surtax
-
-
-
111
unemployment
-
-
-
112
health
-
-
-
1 597
pensions
-
-
-
4 500
total
-
-
-
9 578
Employee
16 325
-
18 587
-
other
-
-
-
-
unemployment
1 136
-
1 294
-
pensions
1 089
-
1 239
-
surtax
53
-
96
-
income
2 736
-
3 116
-
health
417
-
474
-
total
5 431
-
6 219
-
Employer
16 325
-
18 587
-
health
743
-
846
-
pensions
2 176
-
2 478
-
unemployment
517
-
589
-
other
-
-
-
-
total
3 436
-
3 913
-
Corporate
2 739
22 500
-
-
income
712
5 850
-
-
total
712
5 850
-
-
Dividends
2 027
16 650
-
-
withholding
304
2 497
-
-
total
304
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 883
8 347
10 132
9 578
After tax
12 617
14 153
12 368
12 922
Living cost
10 893
10 893
10 893
10 893
Free-cash
1 724
3 260
1 475
2 029

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴5561
-₴7474
-₴5384
-₴12575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 259
pensions
-
-
-
1 206
total
-
-
-
5 465
Employee
31 116
-
20 247
-
pensions
2 641
-
1 337
-
income
5 604
-
3 737
-
health
452
-
228
-
total
8 697
-
5 302
-
Employer
31 116
-
20 247
-
health
591
-
385
-
pensions
3 368
-
1 868
-
total
3 959
-
2 253
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 656
5 642
7 555
5 465
After tax
9 844
16 858
14 945
17 035
Living cost
22 419
22 419
22 419
22 419
Free-cash
-12 575
-5 561
-7 474
-5 384

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴28852
-₴21369
-₴19948
-₴27670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other

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

-
-
-
450
regional
-
-
-
383
health
-
-
-
128
city
-
-
-
236
national
-
-
-
40
pensions
-
-
-
2 070
total
-
-
-
3 307
Employee
45 805
-
19 987
-
unemployment
-
-
-
-
pensions
3 848
-
1 848
-
national
217
-
25
-
regional
1 500
-
304
-
city
492
-
213
-
health
104
-
45
-
total
6 161
-
2 435
-
Employer
45 805
-
19 987
-
health
104
-
45
-
pensions
3 848
-
1 848
-
unemployment
-
-
-
-
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.

916
-
400
-
total
4 868
-
2 293
-
Corporate
-
22 500
-
-
regional
-
4 759
-
-
national
-
1 912
-
-
total
-
6 671
-
-
Dividends
-
15 829
-
-
withholding
-
5 540
-
-
total
-
5 540
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 029
12 211
4 728
3 307
After tax
11 471
10 289
17 772
19 193
Living cost
39 141
39 141
39 141
39 141
Free-cash
-27 670
-28 852
-21 369
-19 948

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11392
-₴5028
-₴5028
-₴7167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 461
surtax

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

-
-
-
81
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
4 914
Employee

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

29 667
-
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.

192
-
81
-
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.

3 489
-
1 461
-
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.

3 372
-
3 372
-
total
7 053
-
4 914
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
surtax

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

-
185
-
-
chamber of commerce
-
107
-
-
trade
-
3 859
-
-
total
-
7 526
-
-
Dividends
-
14 974
-
-
surtax

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

-
196
-
-
withholding
-
3 556
-
-
total
-
3 752
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 053
11 278
4 914
4 914
After tax
15 447
11 222
17 586
17 586
Living cost
22 614
22 614
22 614
22 614
Free-cash
-7 167
-11 392
-5 028
-5 028

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
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.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5549
-₴2937
-₴3273
-₴5225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
715
other
-
-
-
698
surtax
-
-
-
-
social contributions
-
-
-
641
health
-
-
-
195
pensions
-
-
-
6 635
total
-
-
-
8 884
Employee
21 127
-
17 145
-
pensions
2 389
-
1 939
-
surtax
-
-
-
-
social contributions
602
-
489
-
income
1 247
-
765
-
total
4 238
-
3 193
-
Employer
21 127
-
17 145
-
health
1 479
-
1 200
-
pensions
3 471
-
2 818
-
unemployment
855
-
694
-
social contributions
64
-
52
-
other
729
-
591
-
total
6 598
-
5 355
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 074
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 836
11 160
8 548
8 884
After tax
11 664
11 340
13 952
13 616
Living cost
16 889
16 889
16 889
16 889
Free-cash
-5 225
-5 549
-2 937
-3 273

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3876
-₴1264
-₴1600
-₴2248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
715
other
-
-
-
698
surtax
-
-
-
-
social contributions
-
-
-
641
health
-
-
-
195
pensions
-
-
-
6 635
total
-
-
-
8 884
Employee
18 859
-
17 145
-
pensions
2 133
-
1 939
-
surtax
-
-
-
-
social contributions
538
-
489
-
income
972
-
765
-
total
3 643
-
3 193
-
Employer
18 859
-
17 145
-
health
1 320
-
1 200
-
pensions
3 099
-
2 818
-
unemployment
763
-
694
-
social contributions
56
-
52
-
other
651
-
591
-
total
5 889
-
5 355
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 074
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 532
11 160
8 548
8 884
After tax
12 968
11 340
13 952
13 616
Living cost
15 216
15 216
15 216
15 216
Free-cash
-2 248
-3 876
-1 264
-1 600

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3258
₴3240
₴3982
₴3355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 375
social contributions
-
-
-
3 105
health
-
-
-
1 570
total
-
-
-
8 050
Employee
16 738
-
22 500
-
social contributions
2 310
-
3 105
-
income
2 792
-
4 117
-
health
1 168
-
1 570
-
total
6 270
-
8 792
-
Employer
16 738
-
22 500
-
total
-
-
-
-
Corporate
5 762
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%.

289
1 125
-
-
total
289
1 125
-
-
Dividends
5 474
21 375
-
-
social contributions
861
2 950
-
-
withholding
821
3 207
-
-
health
436
1 492
-
-
total
2 118
7 649
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 677
8 774
8 792
8 050
After tax
13 823
13 726
13 708
14 450
Living cost
10 468
10 468
10 468
10 468
Free-cash
3 355
3 258
3 240
3 982

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6135
-₴8668
-₴4814
-₴9833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
822
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
90
health
-
-
-
1 721
pensions
-
-
-
4 162
total
-
-
-
9 920
Employee
24 670
19 673
19 673
-
other
246
197
172
-
unemployment
740
590
518
-
pensions
2 527
2 014
1 768
-
income
2 808
1 451
1 561
-
health
955
762
668
-
total
7 276
5 014
4 687
-
Employer
24 670
19 673
19 673
-
chamber of commerce
98
79
79
-
health
932
744
652
-
pensions
3 096
2 469
2 166
-
accident
320
256
225
-
unemployment
740
590
518
-
surtax
97
97
97
-
payroll
740
590
590
-
other
1 172
934
914
-
total
7 195
5 759
5 241
-
Corporate
1 874
1 874
15 385
-
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.

468
468
3 846
-
total
468
468
3 846
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 939
11 241
13 774
9 920
After tax
7 561
11 259
8 726
12 580
Living cost
17 394
17 394
17 394
17 394
Free-cash
-9 833
-6 135
-8 668
-4 814

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴5282
-₴7958
-₴5098
-₴23089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
1 226
social contributions
-
-
-
2 059
national
-
-
-
6 314
total
-
-
-
9 599
Employee

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

35 311
-
17 426
-
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.

307
-
152
-
communal

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

1 842
-
909
-
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.

2 648
-
1 307
-
national
10 856
-
4 197
-
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.

1 659
-
819
-
total
17 312
-
7 384
-
Employer

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

35 311
-
17 426
-
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.

2 171
-
1 072
-
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.

3 129
-
1 544
-
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.

459
-
227
-
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.

515
-
255
-
surtax
4 004
-
1 977
-
total
10 278
-
5 075
-
Corporate
-
22 500
-
-
income
-
4 500
-
-
surtax
-
90
-
-
total
-
4 590
-
-
Dividends
-
17 910
-
-
withholding

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

-
5 193
-
-
total
-
5 193
-
-
Income
22 500
22 500
22 500
22 500
Total tax
27 590
9 783
12 459
9 599
After tax
-5 090
12 717
10 041
12 901
Living cost
17 999
17 999
17 999
17 999
Free-cash
-23 089
-5 282
-7 958
-5 098

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
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.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2607
-₴5101
-₴5273
-₴9906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
202
income
-
-
-
3 197
other
-
-
-
22
unemployment
-
-
-
157
pensions
-
-
-
6 367
total
-
-
-
9 945
Employee
24 573
-
17 061
-
other
24
-
17
-
unemployment
381
-
264
-
pensions
1 155
-
802
-
income
5 185
-
3 251
-
total
6 745
-
4 334
-
Employer
24 573
-
17 061
-
pensions
5 799
-
4 026
-
accident
486
-
338
-
unemployment
1 352
-
939
-
other
196
-
136
-
total
7 833
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 904
-
-
total
-
3 904
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 578
7 279
9 773
9 945
After tax
7 922
15 221
12 727
12 555
Living cost
17 828
17 828
17 828
17 828
Free-cash
-9 906
-2 607
-5 101
-5 273

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12670
-₴11811
-₴11810
-₴19349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
-
accident
-
-
-
212
income
-
-
-
578
surtax
-
-
-
1 174
health
-
-
-
1 761
pensions
-
-
-
3 758
total
-
-
-
7 483
Employee
37 383
-
19 692
-
pensions
2 990
-
1 879
-
surtax
2 291
-
1 174
-
income
3 611
-
578
-
health
1 664
-
1 045
-
total
10 556
-
4 676
-
Employer
37 383
-
19 692
-
health
1 140
-
717
-
pensions
2 990
-
1 879
-
accident
336
-
212
-
total
4 466
-
2 808
-
Corporate
-
22 500
-
-
communal
-
1 519
-
-
income
-
3 375
-
-
surtax
-
236
-
-
total
-
5 130
-
-
Dividends
-
17 370
-
-
income
-
608
-
-
withholding
-
2 605
-
-
total
-
3 213
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 022
8 343
7 484
7 483
After tax
7 478
14 157
15 016
15 017
Living cost
26 827
26 827
26 827
26 827
Free-cash
-19 349
-12 670
-11 811
-11 810

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3065
₴1280
₴1834
₴1496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 258
other
-
-
-
-
surtax
-
-
-
111
unemployment
-
-
-
112
health
-
-
-
1 597
pensions
-
-
-
4 500
total
-
-
-
9 578
Employee
16 624
-
18 587
-
other
-
-
-
-
unemployment
1 157
-
1 294
-
pensions
1 109
-
1 239
-
surtax
59
-
96
-
income
2 787
-
3 116
-
health
424
-
474
-
total
5 536
-
6 219
-
Employer
16 624
-
18 587
-
health
756
-
846
-
pensions
2 216
-
2 478
-
unemployment
527
-
589
-
other
-
-
-
-
total
3 499
-
3 913
-
Corporate
2 376
22 500
-
-
income
617
5 850
-
-
total
617
5 850
-
-
Dividends
1 759
16 650
-
-
withholding
264
2 497
-
-
total
264
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 916
8 347
10 132
9 578
After tax
12 584
14 153
12 368
12 922
Living cost
11 088
11 088
11 088
11 088
Free-cash
1 496
3 065
1 280
1 834

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1473
-₴2271
-₴1009
-₴4884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
regional
-
-
-
340
municipal
-
-
-
134
national
-
-
-
3 950
total
-
-
-
10 211
Employee
27 383
-
22 500
-
municipal
145
-
119
-
national
4 338
-
3 464
-
regional
369
-
303
-
social contributions
9 234
-
7 587
-
total
14 086
-
11 473
-
Employer
27 383
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
1 119
-
-
nationa
-
5 400
-
-
total
-
6 519
-
-
Dividends
-
15 982
-
-
withholding
-
4 156
-
-
total
-
4 156
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 086
10 675
11 473
10 211
After tax
8 414
11 825
11 027
12 289
Living cost
13 298
13 298
13 298
13 298
Free-cash
-4 884
-1 473
-2 271
-1 009

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴375
-₴3698
-₴4157
-₴7289
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 934
social contributions
-
-
-
6 570
solidarity contribution
-
-
-
-
health
-
-
-
3 037
total
-
-
-
11 541
Employee
22 230
-
16 791
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
1 091
-
income
2 668
-
2 015
-
health
3 001
-
2 267
-
total
7 114
-
5 373
-
Employer
22 230
-
16 791
-
health
2 001
-
1 511
-
social contributions
5 558
-
4 198
-
total
7 559
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 673
7 009
11 082
11 541
After tax
7 827
15 491
11 418
10 959
Living cost
15 116
15 116
15 116
15 116
Free-cash
-7 289
375
-3 698
-4 157

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4393
-₴6972
-₴3072
-₴5755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
822
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
90
health
-
-
-
1 721
pensions
-
-
-
4 162
total
-
-
-
9 823
Employee
21 579
19 673
19 673
-
other
215
197
173
-
unemployment
647
590
520
-
pensions
2 210
2 014
1 775
-
income
1 922
1 451
1 557
-
health
835
762
671
-
total
5 829
5 014
4 696
-
Employer
21 579
19 673
19 673
-
chamber of commerce
86
79
79
-
health
816
744
656
-
pensions
2 708
2 469
2 176
-
accident
280
256
226
-
unemployment
647
590
520
-
surtax
-
-
-
-
payroll
647
590
590
-
other
1 025
934
914
-
total
6 209
5 662
5 161
-
Corporate
1 874
1 874
15 466
-
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.

468
468
3 866
-
total
468
468
3 866
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 506
11 144
13 723
9 823
After tax
9 994
11 356
8 777
12 677
Living cost
15 749
15 749
15 749
15 749
Free-cash
-5 755
-4 393
-6 972
-3 072

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15149
₴11774
₴16049
₴13981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
microenterprise

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

-
-
-
225
total
-
-
-
225
Employee
7 782
-
22 500
-
income
1 557
-
4 500
-
total
1 557
-
4 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

14 718
22 500
-
-
total
-
-
-
-
Dividends
14 718
22 500
-
-
withholding
736
1 125
-
-
total
736
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
2 293
1 125
4 500
225
After tax
20 207
21 375
18 000
22 275
Living cost
6 226
6 226
6 226
6 226
Free-cash
13 981
15 149
11 774
16 049

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2250
-₴1343
-₴630
-₴2729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 532
unemployment
-
-
-
34
health
-
-
-
2 214
pensions
-
-
-
4 109
total
-
-
-
9 889
Employee

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

21 829
-
19 469
-
unemployment
31
-
27
-
pensions
3 384
-
3 017
-
income
3 764
-
3 269
-
health
1 410
-
1 258
-
total
8 589
-
7 571
-
Employer

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

21 829
-
19 469
-
health
1 454
-
1 297
-
pensions
1 932
-
1 723
-
unemployment
13
-
11
-
total
3 399
-
3 031
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 988
7 009
10 602
9 889
After tax
10 512
15 491
11 898
12 611
Living cost
13 241
13 241
13 241
13 241
Free-cash
-2 729
2 250
-1 343
-630

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7909
-₴5683
-₴6049
-₴52133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
-
22 500
-
-
income
-
4 950
-
-
total
-
4 950
-
-
Dividends
-
17 550
-
-
income
-
3 861
-
-
total
-
3 861
-
-
Income
22 500
22 500
22 500
22 500
Total tax
53 035
8 811
6 585
6 951
After tax
-30 535
13 689
15 915
15 549
Living cost
21 598
21 598
21 598
21 598
Free-cash
-52 133
-7 909
-5 683
-6 049

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2686
-₴2797
-₴2321
-₴5595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 519
surtax
-
-
-
-
social contributions

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

-
-
-
7 818
total
-
-
-
9 337
Employee
22 704
-
18 181
-
surtax
-
-
-
-
social contributions
2 497
-
2 000
-
income
4 722
-
3 495
-
total
7 219
-
5 495
-
Employer
22 704
-
18 181
-
social contributions
5 392
-
4 318
-
total
5 392
-
4 318
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
surtax
-
-
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 611
9 702
9 813
9 337
After tax
9 889
12 798
12 687
13 163
Living cost
15 484
15 484
15 484
15 484
Free-cash
-5 595
-2 686
-2 797
-2 321

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12503
-₴9891
-₴10227
-₴18074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
715
other
-
-
-
698
surtax
-
-
-
-
social contributions
-
-
-
641
health
-
-
-
195
pensions
-
-
-
6 635
total
-
-
-
8 884
Employee
30 918
-
17 145
-
pensions
3 497
-
1 939
-
surtax
-
-
-
-
social contributions
881
-
489
-
income
2 698
-
765
-
total
7 076
-
3 193
-
Employer
30 918
-
17 145
-
health
2 164
-
1 200
-
pensions
5 080
-
2 818
-
unemployment
1 252
-
694
-
social contributions
93
-
52
-
other
1 067
-
591
-
total
9 656
-
5 355
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 074
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
16 732
11 160
8 548
8 884
After tax
5 768
11 340
13 952
13 616
Living cost
23 842
23 842
23 842
23 842
Free-cash
-18 074
-12 503
-9 891
-10 227

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5411
₴3374
₴2711
₴3753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 870
-
19 480
-
income
-
-
-
-
social contributions
1 031
-
1 267
-
total
1 031
-
1 267
-
Employer
15 870
-
19 480
-
social contributions
2 460
-
3 020
-
total
2 460
-
3 020
-
Corporate
4 170
22 500
-
-
income
417
2 250
-
-
total
417
2 250
-
-
Dividends
3 753
20 250
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
3 908
2 250
4 287
4 950
After tax
18 592
20 250
18 213
17 550
Living cost
14 839
14 839
14 839
14 839
Free-cash
3 753
5 411
3 374
2 711

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
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.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴85005
-₴85005
-₴8783
-₴85005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
labour market
-
-
-
1 766
municipal
-
-
-
3 349
national
-
-
-
1 977
pensions
-
-
-
428
total
-
-
-
7 520
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
83 742
83 742
83 742
7 520
After tax
-61 242
-61 242
-61 242
14 980
Living cost
23 763
23 763
23 763
23 763
Free-cash
-85 005
-85 005
-85 005
-8 783

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9009
₴1051
₴4786
₴160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
126
income
-
-
-
3 402
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
6 882
Employee
17 040
-
18 691
-
pensions
1 919
-
2 104
-
income
2 338
-
2 564
-
health
1 951
-
2 140
-
total
6 208
-
6 808
-
Employer
17 040
-
18 691
-
pensions
2 771
-
3 039
-
accident
285
-
312
-
unemployment
418
-
458
-
total
3 474
-
3 809
-
Corporate
1 987
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.

1 788
20 250
-
-
total
1 788
20 250
-
-
Dividends
199
2 250
-
-
withholding
38
427
-
-
total
38
427
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 508
20 677
10 617
6 882
After tax
10 992
1 823
11 883
15 618
Living cost
10 832
10 832
10 832
10 832
Free-cash
160
-9 009
1 051
4 786

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3382
-₴4830
-₴969
-₴8373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
22 500
health
-
-
-
141
municipal
-
-
-
4 024
national
-
-
-
352
total
-
-
-
4 517
Employee
25 972
-
18 928
-
municipal
4 254
-
3 111
-
unemployment
390
-
284
-
pensions
1 753
-
1 278
-
national
429
-
48
-
health
194
-
85
-
total
7 020
-
4 806
-
Employer
25 972
-
18 928
-
health
200
-
146
-
pensions
4 506
-
3 284
-
accident
26
-
19
-
unemployment
169
-
123
-
total
4 901
-
3 572
-
Corporate
-
22 500
-
-
income
-
4 500
-
-
total
-
4 500
-
-
Dividends

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

-
13 500
-
-
municipal
-
2 430
-
-
national
-
-
-
-
total
-
2 430
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 921
6 930
8 378
4 517
After tax
10 579
15 570
14 122
17 983
Living cost
18 952
18 952
18 952
18 952
Free-cash
-8 373
-3 382
-4 830
-969

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴91
₴2914
₴6958
₴2510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30
social contributions
-
-
-
3 510
health
-
-
-
573
total
-
-
-
4 113
Employee
37 959
37 959
37 959
-
social contributions
1 435
3 150
1 696
-
income
4 133
3 514
4 039
-
health
294
645
348
-
total
5 862
7 309
6 083
-
Employer
37 959
37 959
37 959
-
health
319
703
378
-
social contributions
1 435
3 150
1 696
-
total
1 754
3 853
2 074
-
Corporate
3 454
-
-
-
income
432
-
-
-
total
432
-
-
-
Dividends
3 022
-
-
-
withholding
513
-
-
-
total
513
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 561
11 162
8 157
4 113
After tax
13 939
11 338
14 343
18 387
Living cost
11 429
11 429
11 429
11 429
Free-cash
2 510
-91
2 914
6 958

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10794
₴6134
₴7965
₴8283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 757
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
6 697
Employee

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

11 331
-
20 399
-
unemployment
56
-
102
-
pensions
1 699
-
3 060
-
income
775
-
1 531
-
health
963
-
1 734
-
total
3 493
-
6 427
-
Employer

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

11 331
-
20 399
-
health
487
-
877
-
pensions
623
-
1 122
-
unemployment
56
-
102
-
total
1 166
-
2 101
-
Corporate
10 003
22 500
-
-
income
900
2 025
-
-
total
900
2 025
-
-
Dividends
9 103
20 475
-
-
withholding
820
1 843
-
-
total
820
1 843
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 379
3 868
8 528
6 697
After tax
16 121
18 632
13 972
15 803
Living cost
7 838
7 838
7 838
7 838
Free-cash
8 283
10 794
6 134
7 965

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1646
-₴848
-₴1020
-₴1572
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
202
income
-
-
-
3 197
other
-
-
-
22
unemployment
-
-
-
157
pensions
-
-
-
6 367
total
-
-
-
9 945
Employee
18 253
-
17 061
-
other
18
-
17
-
unemployment
283
-
264
-
pensions
858
-
802
-
income
3 519
-
3 251
-
total
4 678
-
4 334
-
Employer
18 253
-
17 061
-
pensions
4 307
-
4 026
-
accident
362
-
338
-
unemployment
1 004
-
939
-
other
146
-
136
-
total
5 819
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 904
-
-
total
-
3 904
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 497
7 279
9 773
9 945
After tax
12 003
15 221
12 727
12 555
Living cost
13 575
13 575
13 575
13 575
Free-cash
-1 572
1 646
-848
-1 020

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13079
₴13031
₴13100
₴12922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
7 230
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
8 439
Employee
1 464
-
21 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
7 193
-
health
73
-
175
-
total
503
-
7 719
-
Employer
1 464
-
21 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
20 706
22 500
-
-
income
4 555
4 950
-
-
total
4 555
4 950
-
-
Dividends
16 151
17 550
-
-
withholding
3 230
3 510
-
-
total
3 230
3 510
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 617
8 460
8 508
8 439
After tax
13 883
14 040
13 992
14 061
Living cost
961
961
961
961
Free-cash
12 922
13 079
13 031
13 100

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴7719
₴3731
₴2764
₴5290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 695
unemployment
-
-
-
337
health
-
-
-
2 317
pensions
-
-
-
5 850
total
-
-
-
11 199
Employee

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

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

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

12 873
-
19 084
-
unemployment
97
-
143
-
pensions
1 802
-
2 672
-
income
1 774
-
3 018
-
health
663
-
983
-
total
4 336
-
6 816
-
Employer

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

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

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

12 873
-
19 084
-
health
663
-
983
-
pensions
1 545
-
2 290
-
unemployment
97
-
143
-
total
2 305
-
3 416
-
Corporate
7 323
22 500
-
-
income
1 098
3 375
-
-
total
1 098
3 375
-
-
Dividends
6 224
19 125
-
-
withholding
934
2 869
-
-
total
934
2 869
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 673
6 244
10 232
11 199
After tax
13 827
16 256
12 268
11 301
Living cost
8 537
8 537
8 537
8 537
Free-cash
5 290
7 719
3 731
2 764

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
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.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴510
-₴621
-₴145
-₴1210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 519
surtax
-
-
-
-
social contributions

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

-
-
-
7 818
total
-
-
-
9 337
Employee
19 160
-
18 181
-
surtax
-
-
-
-
social contributions
2 108
-
2 000
-
income
3 744
-
3 495
-
total
5 852
-
5 495
-
Employer
19 160
-
18 181
-
social contributions
4 550
-
4 318
-
total
4 550
-
4 318
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
surtax
-
-
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 402
9 702
9 813
9 337
After tax
12 098
12 798
12 687
13 163
Living cost
13 308
13 308
13 308
13 308
Free-cash
-1 210
-510
-621
-145

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
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.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2128
-₴4622
-₴4794
-₴8941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
202
income
-
-
-
3 197
other
-
-
-
22
unemployment
-
-
-
157
pensions
-
-
-
6 367
total
-
-
-
9 945
Employee
23 841
-
17 061
-
other
23
-
17
-
unemployment
369
-
264
-
pensions
1 120
-
802
-
income
4 979
-
3 251
-
total
6 491
-
4 334
-
Employer
23 841
-
17 061
-
pensions
5 626
-
4 026
-
accident
472
-
338
-
unemployment
1 312
-
939
-
other
191
-
136
-
total
7 601
-
5 439
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 904
-
-
total
-
3 904
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 092
7 279
9 773
9 945
After tax
8 408
15 221
12 727
12 555
Living cost
17 349
17 349
17 349
17 349
Free-cash
-8 941
-2 128
-4 622
-4 794

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
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.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10733
₴6197
₴6011
₴7720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 375
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
7 985
Employee
11 260
-
19 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
1 911
-
health
518
-
794
-
total
2 757
-
4 411
-
Employer
11 260
-
19 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
9 031
22 500
-
-
income
903
2 250
-
-
total
903
2 250
-
-
Dividends
8 128
20 250
-
-
withholding
406
1 013
-
-
total
406
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 276
3 263
7 799
7 985
After tax
16 224
19 237
14 701
14 515
Living cost
8 504
8 504
8 504
8 504
Free-cash
7 720
10 733
6 197
6 011

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7372
-₴1472
-₴1472
-₴2061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 461
surtax

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

-
-
-
81
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.

-
-
-
3 372
trade
-
-
-
-
total
-
-
-
4 914
Employee

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

24 562
-
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.

111
-
81
-
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.

2 020
-
1 461
-
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.

3 372
-
3 372
-
total
5 503
-
4 914
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
surtax

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

-
185
-
-
chamber of commerce
-
108
-
-
trade
-
3 229
-
-
total
-
6 897
-
-
Dividends
-
15 602
-
-
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
-
3 713
-
-
total
-
3 917
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 503
10 814
4 914
4 914
After tax
16 997
11 686
17 586
17 586
Living cost
19 058
19 058
19 058
19 058
Free-cash
-2 061
-7 372
-1 472
-1 472

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12369
-₴10011
-₴10011
-₴16114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 955
social contributions
-
-
-
1 436
total
-
-
-
4 391
Employee
38 614
-
22 500
-
income
7 286
-
2 955
-
social contributions
3 208
-
1 436
-
total
10 494
-
4 391
-
Employer
38 614
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
2 812
-
-
total
-
2 812
-
-
Dividends
-
19 688
-
-
withholding
-
3 937
-
-
total
-
3 937
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 494
6 749
4 391
4 391
After tax
12 006
15 751
18 109
18 109
Living cost
28 120
28 120
28 120
28 120
Free-cash
-16 114
-12 369
-10 011
-10 011

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5489
-₴1482
-₴12455
-₴3889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
22 500
income
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
20 451
-
income
2 457
-
1 964
-
social contributions
2 269
-
2 049
-
total
4 726
-
4 013
-
Employer
22 646
-
20 451
-
social contributions
2 269
-
2 049
-
total
2 269
-
2 049
-
Corporate
-
22 500
-
-
income
-
7 875
-
-
total
-
7 875
-
-
Dividends
-
14 625
-
-
social contributions
1 474
2 194
-
-
total
1 474
2 194
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 469
10 069
6 062
17 035
After tax
14 031
12 431
16 438
5 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
-3 889
-5 489
-1 482
-12 455

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1368
-₴3281
-₴1191
-₴5520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 259
pensions
-
-
-
1 206
total
-
-
-
5 465
Employee
25 018
-
20 247
-
pensions
1 909
-
1 337
-
income
4 556
-
3 737
-
health
326
-
228
-
total
6 791
-
5 302
-
Employer
25 018
-
20 247
-
health
475
-
385
-
pensions
2 528
-
1 868
-
total
3 003
-
2 253
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 794
5 642
7 555
5 465
After tax
12 706
16 858
14 945
17 035
Living cost
18 226
18 226
18 226
18 226
Free-cash
-5 520
-1 368
-3 281
-1 191

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10082
-₴22
₴3713
-₴44
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
126
income
-
-
-
3 402
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
6 882
Employee
18 727
-
18 691
-
pensions
2 109
-
2 104
-
income
2 569
-
2 564
-
health
2 144
-
2 140
-
total
6 822
-
6 808
-
Employer
18 727
-
18 691
-
pensions
3 045
-
3 039
-
accident
313
-
312
-
unemployment
459
-
458
-
total
3 817
-
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
10 639
20 677
10 617
6 882
After tax
11 861
1 823
11 883
15 618
Living cost
11 905
11 905
11 905
11 905
Free-cash
-44
-10 082
-22
3 713

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴12455
₴6908
₴6908
₴10054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income
-
-
-
2 735
unemployment
-
-
-
270
work injury
-
-
-
112
health insurance
-
-
-
1 665
pensions
-
-
-
4 140
total
-
-
-
8 922
Employee

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

10 671
-
22 500
-
health insurance
790
-
1 665
-
unemployment
128
-
270
-
work injury
53
-
112
-
pensions
1 964
-
4 140
-
income
1 067
-
2 735
-
total
4 002
-
8 922
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 829
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
11 829
22 500
-
-
withholding
1 774
3 375
-
-
total
1 774
3 375
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 776
3 375
8 922
8 922
After tax
16 724
19 125
13 578
13 578
Living cost
6 670
6 670
6 670
6 670
Free-cash
10 054
12 455
6 908
6 908

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7815
-₴8618
-₴7370
-₴19099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
regional
-
-
-
316
municipal
-
-
-
151
national
-
-
-
3 950
total
-
-
-
10 204
Employee
41 598
-
22 500
-
municipal
248
-
134
-
national
7 030
-
3 464
-
regional
628
-
267
-
social contributions
14 027
-
7 587
-
total
21 933
-
11 452
-
Employer
41 598
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
1 085
-
-
nationa
-
5 400
-
-
total
-
6 485
-
-
Dividends
-
16 016
-
-
withholding
-
4 164
-
-
total
-
4 164
-
-
Income
22 500
22 500
22 500
22 500
Total tax
21 933
10 649
11 452
10 204
After tax
567
11 851
11 048
12 296
Living cost
19 666
19 666
19 666
19 666
Free-cash
-19 099
-7 815
-8 618
-7 370

Estimated living cost  is ₴19666 per week

₴13814
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.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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