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
₴3983
₴4387
₴3190
-₴1556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
trade
-
-
-
404
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.

-
-
-
2 930
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.

-
-
-
2 079
surtax

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

-
-
-
115
total
-
-
-
5 528
Employee

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

16 401
-
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.

25
-
115
-
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.

458
-
2 079
-
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.

2 930
-
2 930
-
total
3 413
-
5 124
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
6 099
22 500
-
-
trade
960
3 544
-
-
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.

50
186
-
-
income
915
3 375
-
-
chamber of commerce
74
98
-
-
total
1 999
7 203
-
-
Dividends
4 099
15 298
-
-
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.

47
202
-
-
withholding
862
3 662
-
-
total
909
3 864
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 321
11 067
5 124
5 528
After tax
16 179
11 433
17 376
16 972
Living cost
12 989
12 989
12 989
12 989
Free-cash
3 190
-1 556
4 387
3 983

Estimated living cost  is ₴12989 per week

₴8170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7408
-₴7231
-₴14079
-₴7593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 092
national
-
-
-
3 241
pensions
-
-
-
2 700
total
-
-
-
8 275
Employee
33 535
-
19 451
-
pensions
1 341
-
778
-
national
6 419
-
3 376
-
municipal
4 142
-
2 179
-
total
11 902
-
6 333
-
Employer
33 535
-
19 451
-
pensions
2 683
-
1 556
-
social contributions
361
-
209
-
total
3 044
-
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
14 946
8 460
8 098
8 275
After tax
7 554
14 040
14 402
14 225
Living cost
21 633
21 633
21 633
21 633
Free-cash
-14 079
-7 593
-7 231
-7 408

Estimated living cost  is ₴21633 per week

₴14704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8854
₴3989
₴5561
₴9079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
22 500
social contributions

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

-
-
-
1 350
income
-
-
-
-
microenterprise
-
-
-
3 375
surtax
-
-
-
-
total
-
-
-
4 725
Employee
12 530
-
18 132
-
income
2 231
-
3 227
-
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.

1 379
-
1 995
-
surtax
-
-
-
-
total
3 610
-
5 222
-
Employer
12 530
-
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.

3 018
-
4 368
-
surtax
-
-
-
-
total
3 018
-
4 368
-
Corporate
6 951
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%.

1 390
4 500
-
-
total
1 390
4 500
-
-
Dividends

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

5 562
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 018
4 500
9 590
4 725
After tax
14 482
18 000
12 910
17 775
Living cost
8 921
8 921
8 921
8 921
Free-cash
5 561
9 079
3 989
8 854

Estimated living cost  is ₴8921 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
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.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴5079
-₴20082
-₴20082
-₴17675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
health
-
-
-
3 454
income
-
-
-
2 111
pensions
-
-
-
4 050
total
-
-
-
9 615
Employee
36 619
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
6 591
5 024
6 591
-
health
5 621
4 781
5 621
-
total
18 206
15 799
18 206
-
Employer
36 619
36 619
36 619
-
pensions
2 549
2 549
2 549
-
health
2 545
2 545
2 545
-
unemployment
1 318
1 318
1 318
-
total
6 412
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
24 618
22 211
24 618
9 615
After tax
-2 118
289
-2 118
12 885
Living cost
17 964
17 964
17 964
17 964
Free-cash
-20 082
-17 675
-20 082
-5 079

Estimated living cost  is ₴17964 per week

₴12731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5273
-₴4473
-₴8377
-₴4204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
2 614
unemployment
-
-
-
23
accident
-
-
-
45
municipal
-
-
-
4 766
health
-
-
-
1 404
national
-
-
-
-
pensions
-
-
-
2 432
total
-
-
-
11 284
Employee
23 495
-
17 121
-
national
-
-
-
-
municipal
7 006
-
5 105
-
total
7 006
-
5 105
-
Employer
23 495
-
17 121
-
pensions
2 540
-
1 851
-
other
2 730
-
1 989
-
accident
47
-
34
-
health
1 445
-
1 053
-
unemployment
620
-
452
-
total
7 382
-
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
14 388
10 215
10 484
11 284
After tax
8 112
12 285
12 016
11 216
Living cost
16 489
16 489
16 489
16 489
Free-cash
-8 377
-4 204
-4 473
-5 273

Estimated living cost  is ₴16489 per week

₴10928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴108
₴530
₴443
-₴5527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
trade
-
-
-
422
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.

-
-
-
2 930
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.

-
-
-
2 079
surtax

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

-
-
-
115
total
-
-
-
5 546
Employee

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

21 746
-
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.

103
-
115
-
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.

1 868
-
2 079
-
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.

2 930
-
2 930
-
total
4 901
-
5 124
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
754
22 500
-
-
trade
124
3 701
-
-
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.

7
186
-
-
income
113
3 375
-
-
chamber of commerce
66
97
-
-
total
310
7 359
-
-
Dividends
445
15 142
-
-
surtax

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

-
199
-
-
withholding
-
3 623
-
-
total
-
3 822
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 211
11 181
5 124
5 546
After tax
17 289
11 319
17 376
16 954
Living cost
16 846
16 846
16 846
16 846
Free-cash
443
-5 527
530
108

Estimated living cost  is ₴16846 per week

₴11267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
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.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3998
₴1048
₴899
-₴1106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
3 510
health
-
-
-
574
income
-
-
-
509
total
-
-
-
4 593
Employee
32 974
32 974
32 974
-
income
3 463
3 052
3 428
-
social contributions
1 602
2 737
1 695
-
health
328
561
347
-
total
5 393
6 350
5 470
-
Employer
32 974
32 974
32 974
-
health
357
610
378
-
social contributions
1 602
2 737
1 695
-
total
1 959
3 347
2 073
-
Corporate
1 239
-
-
-
income
155
-
-
-
total
155
-
-
-
Dividends
1 084
-
-
-
withholding
185
-
-
-
total
185
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 692
9 697
7 543
4 593
After tax
14 808
12 803
14 957
17 907
Living cost
13 909
13 909
13 909
13 909
Free-cash
899
-1 106
1 048
3 998

Estimated living cost  is ₴13909 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
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.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7766
₴5222
₴5094
₴4930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
337
health
-
-
-
1 575
income
-
-
-
2 751
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.

11 289
4 493
18 828
-
income
1 380
549
2 302
-
pensions
1 129
449
1 883
-
unemployment
169
67
282
-
health
790
315
1 318
-
total
3 468
1 380
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.

11 289
4 493
18 828
-
pensions
2 201
876
3 672
-
total
2 201
876
3 672
-
Corporate
9 009
17 131
-
-
income
811
1 542
-
-
total
811
1 542
-
-
Dividends
8 199
15 589
-
-
social contributions
1 547
2 989
-
-
withholding
1 558
2 962
-
-
total
3 105
5 951
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 585
9 749
9 457
6 913
After tax
12 915
12 751
13 043
15 587
Living cost
7 821
7 821
7 821
7 821
Free-cash
5 094
4 930
5 222
7 766

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2306
₴3089
₴4979
₴7642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
health
-
-
-
2 925
income
-
-
-
2 411
pensions
-
-
-
4 500
total
-
-
-
9 836
Employee
12 165
-
16 817
-
income
1 370
-
2 765
-
pensions
243
-
336
-
unemployment
194
-
269
-
total
1 807
-
3 370
-
Employer
12 165
-
16 817
-
pensions
2 433
-
3 363
-
health
1 581
-
2 186
-
unemployment
98
-
134
-
total
4 112
-
5 683
-
Corporate
6 223
22 500
-
-
income
1 244
4 500
-
-
total
1 244
4 500
-
-
Dividends
4 979
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 163
4 500
9 053
9 836
After tax
15 337
18 000
13 447
12 664
Living cost
10 358
10 358
10 358
10 358
Free-cash
4 979
7 642
3 089
2 306

Estimated living cost  is ₴10358 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
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.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6173
₴2485
₴381
-₴7576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
3 954
pensions
-
-
-
1 777
total
-
-
-
6 929
Employee
14 784
-
18 691
-
income
2 028
-
2 564
-
pensions
1 665
-
2 104
-
health
1 693
-
2 140
-
total
5 386
-
6 808
-
Employer
14 784
-
18 691
-
pensions
2 404
-
3 039
-
accident
247
-
312
-
unemployment
362
-
458
-
total
3 013
-
3 809
-
Corporate
4 703
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.

4 233
20 250
-
-
total
4 233
20 250
-
-
Dividends
470
2 250
-
-
withholding
89
428
-
-
total
89
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 721
20 678
10 617
6 929
After tax
9 779
1 822
11 883
15 571
Living cost
9 398
9 398
9 398
9 398
Free-cash
381
-7 576
2 485
6 173

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18411
₴14136
₴16786
₴17511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 830
-
22 500
-
income
966
-
4 500
-
total
966
-
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%.

17 670
22 500
-
-
total
-
-
-
-
Dividends
17 670
22 500
-
-
withholding
884
1 125
-
-
total
884
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
1 850
1 125
4 500
225
After tax
20 650
21 375
18 000
22 275
Living cost
3 864
3 864
3 864
3 864
Free-cash
16 786
17 511
14 136
18 411

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴758
₴1764
₴2209
₴5105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
1 068
health
-
-
-
990
income
-
-
-
2 858
pensions

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

-
-
-
5 400
total
-
-
-
10 316
Employee
15 570
-
17 971
-
income
2 681
-
3 094
-
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.

1 090
-
1 257
-
unemployment
155
-
180
-
health
218
-
251
-
total
4 144
-
4 782
-
Employer
15 570
-
17 971
-
pensions

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

2 647
-
3 055
-
other
779
-
898
-
accident
125
-
144
-
health
218
-
251
-
unemployment
155
-
180
-
total
3 924
-
4 528
-
Corporate
3 006
22 500
-
-
income
631
4 725
-
-
total
631
4 725
-
-
Dividends
2 375
17 775
-
-
withholding
166
1 244
-
-
total
166
1 244
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 865
5 969
9 310
10 316
After tax
13 635
16 531
13 190
12 184
Living cost
11 426
11 426
11 426
11 426
Free-cash
2 209
5 105
1 764
758

Estimated living cost  is ₴11426 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11887
-₴14089
-₴23901
-₴11985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 239
pensions
-
-
-
1 305
total
-
-
-
5 544
Employee
40 808
-
20 150
-
income
7 356
-
3 689
-
pensions
3 937
-
1 458
-
health
672
-
249
-
total
11 965
-
5 396
-
Employer
40 808
-
20 150
-
pensions
4 818
-
1 967
-
health
775
-
383
-
total
5 593
-
2 350
-
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
17 558
5 642
7 746
5 544
After tax
4 942
16 858
14 754
16 956
Living cost
28 843
28 843
28 843
28 843
Free-cash
-23 901
-11 985
-14 089
-11 887

Estimated living cost  is ₴28843 per week

₴21612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9506
₴9816
₴11625
₴13616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 375
pensions

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

-
-
-
2 216
total
-
-
-
7 373
Employee
7 443
-
19 562
-
income
744
-
1 956
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
4 125
-
Employer
7 443
-
19 562
-
pensions

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

820
-
1 650
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 033
-
unemployment
45
-
90
-
total
1 461
-
2 938
-
Corporate
13 596
22 500
-
-
income
1 359
2 250
-
-
total
1 359
2 250
-
-
Dividends
12 237
20 250
-
-
withholding
612
1 013
-
-
total
612
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 254
3 263
7 063
7 373
After tax
17 246
19 237
15 437
15 127
Living cost
5 621
5 621
5 621
5 621
Free-cash
11 625
13 616
9 816
9 506

Estimated living cost  is ₴5621 per week

₴3282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10894
-₴25897
-₴24218
-₴23490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
health
-
-
-
3 454
income
-
-
-
2 111
pensions
-
-
-
4 050
total
-
-
-
9 615
Employee
39 757
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
5 024
5 024
6 591
-
health
4 960
4 781
5 621
-
total
15 978
15 799
18 206
-
Employer
39 757
36 619
36 619
-
pensions
2 767
2 549
2 549
-
health
2 763
2 545
2 545
-
unemployment
1 431
1 318
1 318
-
total
6 961
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
22 939
22 211
24 618
9 615
After tax
-439
289
-2 118
12 885
Living cost
23 779
23 779
23 779
23 779
Free-cash
-24 218
-23 490
-25 897
-10 894

Estimated living cost  is ₴23779 per week

₴17541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴661
₴1120
₴1521
₴5193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
6 570
health
-
-
-
3 037
income
-
-
-
1 934
solidarity contribution
-
-
-
-
total
-
-
-
11 541
Employee
15 144
-
16 791
-
income
1 817
-
2 015
-
solidarity contribution
-
-
-
-
social contributions
984
-
1 091
-
health
2 044
-
2 267
-
total
4 845
-
5 373
-
Employer
15 144
-
16 791
-
health
1 363
-
1 511
-
social contributions
3 786
-
4 198
-
total
5 149
-
5 709
-
Corporate
2 207
22 500
-
-
income
419
4 275
-
-
total
419
4 275
-
-
Dividends
1 788
18 225
-
-
withholding
268
2 734
-
-
total
268
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 681
7 009
11 082
11 541
After tax
11 819
15 491
11 418
10 959
Living cost
10 298
10 298
10 298
10 298
Free-cash
1 521
5 193
1 120
661

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
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.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5761
-₴7033
-₴15612
-₴6090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
municipal
-
-
-
133
national
-
-
-
4 024
regional
-
-
-
222
total
-
-
-
10 166
Employee
38 111
-
22 500
-
national
6 604
-
3 538
-
social contributions
12 851
-
7 587
-
municipal
202
-
120
-
regional
360
-
193
-
total
20 017
-
11 438
-
Employer
38 111
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
877
-
-
total
-
6 277
-
-
Dividends
-
16 223
-
-
withholding
-
4 218
-
-
total
-
4 218
-
-
Income
22 500
22 500
22 500
22 500
Total tax
20 017
10 495
11 438
10 166
After tax
2 483
12 005
11 062
12 334
Living cost
18 095
18 095
18 095
18 095
Free-cash
-15 612
-6 090
-7 033
-5 761

Estimated living cost  is ₴18095 per week

₴12613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3433
₴2873
₴3356
₴4690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 597
income
-
-
-
3 264
surtax
-
-
-
145
pensions
-
-
-
4 500
total
-
-
-
9 604
Employee
14 181
-
18 587
-
income
2 377
-
3 116
-
pensions
946
-
1 240
-
unemployment
987
-
1 294
-
health
362
-
474
-
other
-
-
-
-
surtax
46
-
128
-
total
4 718
-
6 252
-
Employer
14 181
-
18 587
-
pensions
1 890
-
2 478
-
other
-
-
-
-
health
645
-
845
-
unemployment
449
-
589
-
total
2 984
-
3 912
-
Corporate
5 334
22 500
-
-
income
1 387
5 850
-
-
total
1 387
5 850
-
-
Dividends
3 948
16 650
-
-
withholding
592
2 497
-
-
total
592
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 681
8 347
10 164
9 604
After tax
12 819
14 153
12 336
12 896
Living cost
9 463
9 463
9 463
9 463
Free-cash
3 356
4 690
2 873
3 433

Estimated living cost  is ₴9463 per week

₴5786
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.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2749
-₴4951
-₴8329
-₴2847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 239
pensions
-
-
-
1 305
total
-
-
-
5 544
Employee
27 348
-
20 150
-
income
4 926
-
3 689
-
pensions
2 321
-
1 458
-
health
397
-
249
-
total
7 644
-
5 396
-
Employer
27 348
-
20 150
-
pensions
2 960
-
1 967
-
health
520
-
383
-
total
3 480
-
2 350
-
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
11 124
5 642
7 746
5 544
After tax
11 376
16 858
14 754
16 956
Living cost
19 705
19 705
19 705
19 705
Free-cash
-8 329
-2 847
-4 951
-2 749

Estimated living cost  is ₴19705 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13292
-₴14464
-₴19047
-₴22125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other

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

-
-
-
450
health
-
-
-
106
city
-
-
-
236
national
-
-
-
60
regional
-
-
-
456
pensions
-
-
-
2 070
total
-
-
-
3 378
Employee
37 933
-
20 126
-
pensions
3 187
-
1 705
-
national
180
-
47
-
unemployment
-
-
-
-
city
407
-
216
-
health
86
-
45
-
regional
1 242
-
385
-
total
5 102
-
2 398
-
Employer
37 933
-
20 126
-
pensions
3 187
-
1 705
-
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.

758
-
402
-
health
86
-
45
-
unemployment
-
-
-
-
total
4 031
-
2 152
-
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
9 133
12 211
4 550
3 378
After tax
13 367
10 289
17 950
19 122
Living cost
32 414
32 414
32 414
32 414
Free-cash
-19 047
-22 125
-14 464
-13 292

Estimated living cost  is ₴32414 per week

₴21078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2707
-₴2268
-₴3271
-₴8441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
trade
-
-
-
439
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.

-
-
-
2 930
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.

-
-
-
2 079
surtax

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

-
-
-
115
total
-
-
-
5 563
Employee

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

25 771
-
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.

167
-
115
-
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.

3 030
-
2 079
-
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.

2 930
-
2 930
-
total
6 127
-
5 124
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
trade
-
3 859
-
-
surtax

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

-
186
-
-
income
-
3 375
-
-
chamber of commerce
-
97
-
-
total
-
7 517
-
-
Dividends
-
14 984
-
-
surtax

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

-
197
-
-
withholding
-
3 583
-
-
total
-
3 780
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 127
11 297
5 124
5 563
After tax
16 373
11 203
17 376
16 937
Living cost
19 644
19 644
19 644
19 644
Free-cash
-3 271
-8 441
-2 268
-2 707

Estimated living cost  is ₴19644 per week

₴14347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1139
-₴889
-₴1583
-₴3330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
697
social contributions
-
-
-
641
health
-
-
-
195
income
-
-
-
901
surtax
-
-
-
-
pensions
-
-
-
6 534
total
-
-
-
8 968
Employee
18 353
-
17 145
-
income
1 083
-
937
-
pensions
2 075
-
1 939
-
social contributions
523
-
489
-
surtax
-
-
-
-
total
3 681
-
3 365
-
Employer
18 353
-
17 145
-
pensions
3 015
-
2 816
-
other
633
-
592
-
health
1 285
-
1 200
-
unemployment
743
-
694
-
social contributions
55
-
51
-
total
5 731
-
5 353
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 073
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 412
11 159
8 718
8 968
After tax
13 088
11 341
13 782
13 532
Living cost
14 671
14 671
14 671
14 671
Free-cash
-1 583
-3 330
-889
-1 139

Estimated living cost  is ₴14671 per week

₴9251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴314
₴564
₴504
-₴1877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
697
social contributions
-
-
-
641
health
-
-
-
195
income
-
-
-
901
surtax
-
-
-
-
pensions
-
-
-
6 534
total
-
-
-
8 968
Employee
16 382
-
17 145
-
income
845
-
937
-
pensions
1 853
-
1 939
-
social contributions
467
-
489
-
surtax
-
-
-
-
total
3 165
-
3 365
-
Employer
16 382
-
17 145
-
pensions
2 692
-
2 816
-
other
566
-
592
-
health
1 147
-
1 200
-
unemployment
663
-
694
-
social contributions
49
-
51
-
total
5 117
-
5 353
-
Corporate
1 001
22 500
-
-
surtax
-
-
-
-
income
281
6 300
-
-
total
281
6 300
-
-
Dividends
721
16 200
-
-
surtax
-
-
-
-
social contributions
123
2 786
-
-
withholding
92
2 073
-
-
total
215
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 778
11 159
8 718
8 968
After tax
13 722
11 341
13 782
13 532
Living cost
13 218
13 218
13 218
13 218
Free-cash
504
-1 877
564
314

Estimated living cost  is ₴13218 per week

₴7666
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5356
₴4475
₴4857
₴4634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
3 105
health
-
-
-
1 571
income
-
-
-
3 375
total
-
-
-
8 051
Employee
14 539
-
22 500
-
income
2 425
-
4 256
-
social contributions
2 007
-
3 105
-
health
1 015
-
1 571
-
total
5 447
-
8 932
-
Employer
14 539
-
22 500
-
total
-
-
-
-
Corporate
7 961
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%.

398
1 125
-
-
total
398
1 125
-
-
Dividends
7 563
21 375
-
-
social contributions
1 043
2 950
-
-
health
528
1 492
-
-
withholding
1 134
3 206
-
-
total
2 705
7 648
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 550
8 773
8 932
8 051
After tax
13 950
13 727
13 568
14 449
Living cost
9 093
9 093
9 093
9 093
Free-cash
4 857
4 634
4 475
5 356

Estimated living cost  is ₴9093 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
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.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2557
-₴6126
-₴5589
-₴2377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
chamber of commerce
-
-
-
90
unemployment
-
-
-
2 630
health
-
-
-
1 721
income
-
-
-
1 259
surtax
-
-
-
85
pensions
-
-
-
4 162
total
-
-
-
9 947
Employee
21 430
17 089
17 405
-
income
2 440
1 261
1 326
-
pensions
2 195
1 750
1 782
-
unemployment
643
513
522
-
health
829
662
674
-
other
214
171
174
-
total
6 321
4 357
4 478
-
Employer
21 430
17 089
17 405
-
pensions
2 689
2 145
2 184
-
other
1 018
811
827
-
accident
278
222
226
-
health
810
646
658
-
payroll
643
513
522
-
chamber of commerce
85
68
70
-
unemployment
643
513
522
-
surtax
85
85
85
-
total
6 251
5 003
5 094
-
Corporate
1 628
1 628
15 778
-
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.

407
407
3 944
-
total
407
407
3 944
-
Dividends
-
1
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 979
9 767
13 516
9 947
After tax
9 521
12 733
8 984
12 553
Living cost
15 110
15 110
15 110
15 110
Free-cash
-5 589
-2 377
-6 126
-2 557

Estimated living cost  is ₴15110 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3221
-₴5837
-₴17103
-₴2941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
2 410
communal

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

-
-
-
1 205
national
-
-
-
6 471
total
-
-
-
10 086
Employee

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

30 674
-
17 428
-
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.

2 301
-
1 307
-
national
9 430
-
4 443
-
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.

267
-
151
-
communal

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

1 600
-
909
-
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.

1 441
-
819
-
total
15 039
-
7 629
-
Employer

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

30 674
-
17 428
-
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.

2 718
-
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.

399
-
226
-
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.

1 886
-
1 072
-
unemployment

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

448
-
255
-
surtax
3 478
-
1 976
-
total
8 929
-
5 073
-
Corporate
-
22 500
-
-
surtax
-
90
-
-
income
-
4 500
-
-
total
-
4 590
-
-
Dividends
-
17 910
-
-
withholding

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

-
5 216
-
-
total
-
5 216
-
-
Income
22 500
22 500
22 500
22 500
Total tax
23 968
9 806
12 702
10 086
After tax
-1 468
12 694
9 798
12 414
Living cost
15 635
15 635
15 635
15 635
Free-cash
-17 103
-2 941
-5 837
-3 221

Estimated living cost  is ₴15635 per week

₴10071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
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.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3011
-₴2836
-₴5648
-₴279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23
unemployment
-
-
-
158
accident
-
-
-
203
income
-
-
-
3 273
pensions
-
-
-
6 368
total
-
-
-
10 025
Employee
21 346
-
17 061
-
income
4 504
-
3 328
-
pensions
1 003
-
802
-
unemployment
331
-
264
-
other
21
-
17
-
total
5 859
-
4 411
-
Employer
21 346
-
17 061
-
pensions
5 037
-
4 026
-
other
170
-
137
-
accident
422
-
338
-
unemployment
1 174
-
938
-
total
6 803
-
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
-
3 918
-
-
total
-
3 918
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 662
7 293
9 850
10 025
After tax
9 838
15 207
12 650
12 475
Living cost
15 486
15 486
15 486
15 486
Free-cash
-5 648
-279
-2 836
-3 011

Estimated living cost  is ₴15486 per week

₴11404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and 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 Barcelona model

Close
Luxembourg , Luxembourg
-₴8278
-₴7874
-₴13854
-₴9147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
203
health
-
-
-
1 687
income
-
-
-
793
communal
-
-
-
-
surtax
-
-
-
1 191
pensions
-
-
-
3 600
total
-
-
-
7 474
Employee
32 474
-
20 061
-
income
3 137
-
865
-
pensions
2 598
-
1 632
-
health
1 445
-
908
-
surtax
1 990
-
1 226
-
total
9 170
-
4 631
-
Employer
32 474
-
20 061
-
pensions
2 598
-
1 632
-
accident
292
-
184
-
health
990
-
623
-
total
3 880
-
2 439
-
Corporate
-
22 500
-
-
communal
-
1 518
-
-
surtax
-
236
-
-
income
-
3 375
-
-
total
-
5 129
-
-
Dividends
-
17 371
-
-
withholding
-
2 606
-
-
income
-
608
-
-
total
-
3 214
-
-
Income
22 500
22 500
22 500
22 500
Total tax
13 050
8 343
7 070
7 474
After tax
9 450
14 157
15 430
15 026
Living cost
23 304
23 304
23 304
23 304
Free-cash
-13 854
-9 147
-7 874
-8 278

Estimated living cost  is ₴23304 per week

₴17481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
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.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴3264
₴2704
₴3158
₴4521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 597
income
-
-
-
3 264
surtax
-
-
-
145
pensions
-
-
-
4 500
total
-
-
-
9 604
Employee
14 441
-
18 587
-
income
2 421
-
3 116
-
pensions
963
-
1 240
-
unemployment
1 005
-
1 294
-
health
369
-
474
-
other
-
-
-
-
surtax
51
-
128
-
total
4 809
-
6 252
-
Employer
14 441
-
18 587
-
pensions
1 925
-
2 478
-
other
-
-
-
-
health
657
-
845
-
unemployment
458
-
589
-
total
3 040
-
3 912
-
Corporate
5 019
22 500
-
-
income
1 304
5 850
-
-
total
1 304
5 850
-
-
Dividends
3 714
16 650
-
-
withholding
557
2 497
-
-
total
557
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 710
8 347
10 164
9 604
After tax
12 790
14 153
12 336
12 896
Living cost
9 632
9 632
9 632
9 632
Free-cash
3 158
4 521
2 704
3 264

Estimated living cost  is ₴9632 per week

₴5815
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.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴666
-₴599
-₴1287
₴276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
municipal
-
-
-
133
national
-
-
-
4 024
regional
-
-
-
339
total
-
-
-
10 283
Employee
23 787
-
22 500
-
national
3 769
-
3 538
-
social contributions
8 021
-
7 587
-
municipal
126
-
120
-
regional
320
-
303
-
total
12 236
-
11 548
-
Employer
23 787
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 118
-
-
total
-
6 518
-
-
Dividends
-
15 982
-
-
withholding
-
4 155
-
-
total
-
4 155
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 236
10 673
11 548
10 283
After tax
10 264
11 827
10 952
12 217
Living cost
11 551
11 551
11 551
11 551
Free-cash
-1 287
276
-599
666

Estimated living cost  is ₴11551 per week

₴7184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1731
-₴1272
-₴2505
₴2801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
6 570
health
-
-
-
3 037
income
-
-
-
1 934
solidarity contribution
-
-
-
-
total
-
-
-
11 541
Employee
18 661
-
16 791
-
income
2 239
-
2 015
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
1 091
-
health
2 519
-
2 267
-
total
5 971
-
5 373
-
Employer
18 661
-
16 791
-
health
1 679
-
1 511
-
social contributions
4 665
-
4 198
-
total
6 344
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 315
7 009
11 082
11 541
After tax
10 185
15 491
11 418
10 959
Living cost
12 690
12 690
12 690
12 690
Free-cash
-2 505
2 801
-1 272
-1 731

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1043
-₴4672
-₴2046
-₴887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
chamber of commerce
-
-
-
90
unemployment
-
-
-
2 630
health
-
-
-
1 721
income
-
-
-
1 259
surtax
-
-
-
-
pensions
-
-
-
4 162
total
-
-
-
9 862
Employee
18 745
17 089
17 471
-
income
1 670
1 261
1 339
-
pensions
1 920
1 750
1 789
-
unemployment
562
513
524
-
health
725
662
676
-
other
187
171
175
-
total
5 064
4 357
4 503
-
Employer
18 745
17 089
17 471
-
pensions
2 353
2 145
2 192
-
other
890
811
829
-
accident
243
222
227
-
health
709
646
661
-
payroll
562
513
524
-
chamber of commerce
75
68
70
-
unemployment
562
513
524
-
surtax
-
-
-
-
total
5 394
4 918
5 027
-
Corporate
1 628
1 628
15 845
-
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.

407
407
3 961
-
total
407
407
3 961
-
Dividends
-
86
-
-
withholding
-
24
-
-
total
-
24
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 865
9 706
13 491
9 862
After tax
11 635
12 794
9 009
12 638
Living cost
13 681
13 681
13 681
13 681
Free-cash
-2 046
-887
-4 672
-1 043

Estimated living cost  is ₴13681 per week

₴8207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16253
₴11978
₴14223
₴15353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 527
-
22 500
-
income
1 506
-
4 500
-
total
1 506
-
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%.

14 973
22 500
-
-
total
-
-
-
-
Dividends
14 973
22 500
-
-
withholding
749
1 125
-
-
total
749
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
2 255
1 125
4 500
225
After tax
20 245
21 375
18 000
22 275
Living cost
6 022
6 022
6 022
6 022
Free-cash
14 223
15 353
11 978
16 253

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1002
₴289
₴403
₴3990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
22 500
unemployment
-
-
-
33
health
-
-
-
2 213
income
-
-
-
3 641
pensions
-
-
-
4 109
total
-
-
-
9 996
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.

18 962
-
19 469
-
income
3 270
-
3 377
-
pensions
2 939
-
3 017
-
unemployment
27
-
27
-
health
1 225
-
1 258
-
total
7 461
-
7 679
-
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.

18 962
-
19 469
-
pensions
1 678
-
1 723
-
health
1 263
-
1 296
-
unemployment
11
-
11
-
total
2 952
-
3 030
-
Corporate
585
22 500
-
-
income
111
4 275
-
-
total
111
4 275
-
-
Dividends
474
18 225
-
-
withholding
71
2 733
-
-
total
71
2 733
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 595
7 008
10 709
9 996
After tax
11 905
15 492
11 791
12 504
Living cost
11 502
11 502
11 502
11 502
Free-cash
403
3 990
289
1 002

Estimated living cost  is ₴11502 per week

₴7894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2910
-₴1586
-₴41285
-₴4770
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
2 565
income
-
-
-
4 386
total
-
-
-
6 951
Employee
26 467
-
-
-
income
5 838
-
-
-
social contributions
2 170
-
309
-
total
8 008
-
309
-
Employer
26 467
-
-
-
social contributions
37 318
-
5 318
-
total
37 318
-
5 318
-
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
45 326
8 811
5 627
6 951
After tax
-22 826
13 689
16 873
15 549
Living cost
18 459
18 459
18 459
18 459
Free-cash
-41 285
-4 770
-1 586
-2 910

Estimated living cost  is ₴18459 per week

₴11977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴381
-₴912
-₴1906
-₴653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
22 500
social contributions

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

-
-
-
7 819
income
-
-
-
1 611
surtax
-
-
-
-
total
-
-
-
9 430
Employee
19 722
-
18 181
-
income
4 102
-
3 643
-
social contributions
2 169
-
2 000
-
surtax
-
-
-
-
total
6 271
-
5 643
-
Employer
19 722
-
18 181
-
social contributions
4 684
-
4 318
-
total
4 684
-
4 318
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 955
9 702
9 961
9 430
After tax
11 545
12 798
12 539
13 070
Living cost
13 451
13 451
13 451
13 451
Free-cash
-1 906
-653
-912
-381

Estimated living cost  is ₴13451 per week

₴10064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7179
-₴6929
-₴12746
-₴9370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other
-
-
-
697
social contributions
-
-
-
641
health
-
-
-
195
income
-
-
-
901
surtax
-
-
-
-
pensions
-
-
-
6 534
total
-
-
-
8 968
Employee
26 858
-
17 145
-
income
2 343
-
937
-
pensions
3 038
-
1 939
-
social contributions
765
-
489
-
surtax
-
-
-
-
total
6 146
-
3 365
-
Employer
26 858
-
17 145
-
pensions
4 413
-
2 816
-
other
927
-
592
-
health
1 880
-
1 200
-
unemployment
1 088
-
694
-
social contributions
81
-
51
-
total
8 389
-
5 353
-
Corporate
-
22 500
-
-
surtax
-
-
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 073
-
-
total
-
4 859
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 535
11 159
8 718
8 968
After tax
7 965
11 341
13 782
13 532
Living cost
20 711
20 711
20 711
20 711
Free-cash
-12 746
-9 370
-6 929
-7 179

Estimated living cost  is ₴20711 per week

₴14017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
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.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴4660
₴5324
₴5919
₴7360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
4 950
income
-
-
-
-
total
-
-
-
4 950
Employee
13 786
-
19 480
-
social contributions
896
-
1 266
-
income
-
-
-
-
total
896
-
1 266
-
Employer
13 786
-
19 480
-
social contributions
2 137
-
3 020
-
total
2 137
-
3 020
-
Corporate
6 577
22 500
-
-
income
658
2 250
-
-
total
658
2 250
-
-
Dividends
5 919
20 250
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
3 691
2 250
4 286
4 950
After tax
18 809
20 250
18 214
17 550
Living cost
12 890
12 890
12 890
12 890
Free-cash
5 919
7 360
5 324
4 660

Estimated living cost  is ₴12890 per week

₴8335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5916
-₴70961
-₴70961
-₴70961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
municipal
-
-
-
3 540
national
-
-
-
2 075
labour market
-
-
-
1 770
pensions
-
-
-
372
total
-
-
-
7 757
Employee
87 195
87 195
87 195
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 652
10 652
10 652
-
municipal
18 568
18 568
18 568
-
total
36 310
36 310
36 310
-
Employer
87 195
87 195
87 195
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
72 802
72 802
72 802
7 757
After tax
-50 302
-50 302
-50 302
14 743
Living cost
20 659
20 659
20 659
20 659
Free-cash
-70 961
-70 961
-70 961
-5 916

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6312
₴2624
₴404
-₴7437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
3 954
pensions
-
-
-
1 777
total
-
-
-
6 929
Employee
14 566
-
18 691
-
income
1 998
-
2 564
-
pensions
1 640
-
2 104
-
health
1 668
-
2 140
-
total
5 306
-
6 808
-
Employer
14 566
-
18 691
-
pensions
2 368
-
3 039
-
accident
243
-
312
-
unemployment
357
-
458
-
total
2 968
-
3 809
-
Corporate
4 966
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.

4 469
20 250
-
-
total
4 469
20 250
-
-
Dividends
496
2 250
-
-
withholding
94
428
-
-
total
94
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 837
20 678
10 617
6 929
After tax
9 663
1 822
11 883
15 571
Living cost
9 259
9 259
9 259
9 259
Free-cash
404
-7 437
2 624
6 312

Estimated living cost  is ₴9259 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1273
-₴2491
-₴4317
-₴893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
municipal
-
-
-
4 020
health
-
-
-
168
national
-
-
-
576
total
-
-
-
4 764
Employee
22 561
-
18 928
-
pensions
1 523
-
1 278
-
national
373
-
176
-
municipal
3 695
-
3 106
-
unemployment
339
-
284
-
health
168
-
112
-
total
6 098
-
4 956
-
Employer
22 561
-
18 928
-
pensions
3 914
-
3 284
-
accident
23
-
19
-
health
173
-
146
-
unemployment
146
-
123
-
total
4 256
-
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
10 354
6 930
8 528
4 764
After tax
12 146
15 570
13 972
17 736
Living cost
16 463
16 463
16 463
16 463
Free-cash
-4 317
-893
-2 491
1 273

Estimated living cost  is ₴16463 per week

₴10754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1584
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.
₴3865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7979
₴5029
₴4325
₴2875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
3 510
health
-
-
-
574
income
-
-
-
509
total
-
-
-
4 593
Employee
32 974
32 974
32 974
-
income
3 590
3 052
3 428
-
social contributions
1 247
2 737
1 695
-
health
256
561
347
-
total
5 093
6 350
5 470
-
Employer
32 974
32 974
32 974
-
health
277
610
378
-
social contributions
1 247
2 737
1 695
-
total
1 524
3 347
2 073
-
Corporate
5 955
-
-
-
income
745
-
-
-
total
745
-
-
-
Dividends
5 210
-
-
-
withholding
885
-
-
-
total
885
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 247
9 697
7 543
4 593
After tax
14 253
12 803
14 957
17 907
Living cost
9 928
9 928
9 928
9 928
Free-cash
4 325
2 875
5 029
7 979

Estimated living cost  is ₴9928 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9549
₴7141
₴9642
₴11824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
22 500
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
1 851
pensions
-
-
-
2 728
total
-
-
-
6 143
Employee

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

9 843
-
20 399
-
income
673
-
1 554
-
pensions
1 476
-
3 060
-
unemployment
49
-
102
-
health
837
-
1 734
-
total
3 035
-
6 450
-
Employer

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

9 843
-
20 399
-
pensions
541
-
1 122
-
health
423
-
877
-
unemployment
49
-
102
-
total
1 013
-
2 101
-
Corporate
11 644
22 500
-
-
income
1 048
2 025
-
-
total
1 048
2 025
-
-
Dividends
10 596
20 475
-
-
withholding
954
1 843
-
-
total
954
1 843
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 050
3 868
8 551
6 143
After tax
16 450
18 632
13 949
16 357
Living cost
6 808
6 808
6 808
6 808
Free-cash
9 642
11 824
7 141
9 549

Estimated living cost  is ₴6808 per week

₴4344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
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.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴683
₴858
₴1096
₴3415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23
unemployment
-
-
-
158
accident
-
-
-
203
income
-
-
-
3 273
pensions
-
-
-
6 368
total
-
-
-
10 025
Employee
15 856
-
17 061
-
income
3 057
-
3 328
-
pensions
745
-
802
-
unemployment
246
-
264
-
other
15
-
17
-
total
4 063
-
4 411
-
Employer
15 856
-
17 061
-
pensions
3 742
-
4 026
-
other
127
-
137
-
accident
314
-
338
-
unemployment
872
-
938
-
total
5 055
-
5 439
-
Corporate
1 589
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.

238
3 375
-
-
total
238
3 375
-
-
Dividends
1 351
19 125
-
-
withholding
256
3 918
-
-
total
256
3 918
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 612
7 293
9 850
10 025
After tax
12 888
15 207
12 650
12 475
Living cost
11 792
11 792
11 792
11 792
Free-cash
1 096
3 415
858
683

Estimated living cost  is ₴11792 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12761
₴12678
₴12673
₴12866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
health
-
-
-
621
income
-
-
-
7 087
pensions
-
-
-
857
total
-
-
-
8 565
Employee
1 789
-
21 536
-
income
346
-
7 042
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
7 684
-
Employer
1 789
-
21 536
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
20 309
22 500
-
-
income
4 468
4 950
-
-
total
4 468
4 950
-
-
Dividends
15 841
17 550
-
-
withholding
3 168
3 510
-
-
total
3 168
3 510
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 653
8 460
8 648
8 565
After tax
13 847
14 040
13 852
13 935
Living cost
1 174
1 174
1 174
1 174
Free-cash
12 673
12 866
12 678
12 761

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3779
₴4746
₴6729
₴8840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
22 500
unemployment
-
-
-
337
health
-
-
-
2 317
income
-
-
-
2 801
pensions
-
-
-
5 850
total
-
-
-
11 305
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.

11 183
-
19 084
-
income
1 542
-
3 124
-
pensions
1 566
-
2 672
-
unemployment
84
-
143
-
health
576
-
983
-
total
3 768
-
6 922
-
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.

11 183
-
19 084
-
pensions
1 342
-
2 290
-
health
576
-
983
-
unemployment
84
-
143
-
total
2 002
-
3 416
-
Corporate
9 315
22 500
-
-
income
1 397
3 375
-
-
total
1 397
3 375
-
-
Dividends
7 918
19 125
-
-
withholding
1 188
2 869
-
-
total
1 188
2 869
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 355
6 244
10 338
11 305
After tax
14 145
16 256
12 162
11 195
Living cost
7 416
7 416
7 416
7 416
Free-cash
6 729
8 840
4 746
3 779

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1509
₴978
₴1082
₴1237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
22 500
social contributions

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

-
-
-
7 819
income
-
-
-
1 611
surtax
-
-
-
-
total
-
-
-
9 430
Employee
16 643
-
18 181
-
income
3 252
-
3 643
-
social contributions
1 831
-
2 000
-
surtax
-
-
-
-
total
5 083
-
5 643
-
Employer
16 643
-
18 181
-
social contributions
3 952
-
4 318
-
total
3 952
-
4 318
-
Corporate
1 904
22 500
-
-
surtax
-
-
-
-
income
400
4 725
-
-
total
400
4 725
-
-
Dividends
1 505
17 775
-
-
withholding
422
4 977
-
-
total
422
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 857
9 702
9 961
9 430
After tax
12 643
12 798
12 539
13 070
Living cost
11 561
11 561
11 561
11 561
Free-cash
1 082
1 237
978
1 509

Estimated living cost  is ₴11561 per week

₴8188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2596
-₴2421
-₴4813
₴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
other
-
-
-
23
unemployment
-
-
-
158
accident
-
-
-
203
income
-
-
-
3 273
pensions
-
-
-
6 368
total
-
-
-
10 025
Employee
20 710
-
17 061
-
income
4 326
-
3 328
-
pensions
973
-
802
-
unemployment
321
-
264
-
other
20
-
17
-
total
5 640
-
4 411
-
Employer
20 710
-
17 061
-
pensions
4 887
-
4 026
-
other
166
-
137
-
accident
410
-
338
-
unemployment
1 139
-
938
-
total
6 602
-
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
-
3 918
-
-
total
-
3 918
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 242
7 293
9 850
10 025
After tax
10 258
15 207
12 650
12 475
Living cost
15 071
15 071
15 071
15 071
Free-cash
-4 813
136
-2 421
-2 596

Estimated living cost  is ₴15071 per week

₴10823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
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.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7752
₴8062
₴9250
₴11862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 375
pensions

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

-
-
-
2 216
total
-
-
-
7 373
Employee
9 766
-
19 562
-
income
977
-
1 956
-
pensions

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

857
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 390
-
4 125
-
Employer
9 766
-
19 562
-
pensions

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

1 076
-
1 650
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 033
-
unemployment
59
-
90
-
total
1 916
-
2 938
-
Corporate
10 818
22 500
-
-
income
1 082
2 250
-
-
total
1 082
2 250
-
-
Dividends
9 736
20 250
-
-
withholding
487
1 013
-
-
total
487
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 875
3 263
7 063
7 373
After tax
16 625
19 237
15 437
15 127
Living cost
7 375
7 375
7 375
7 375
Free-cash
9 250
11 862
8 062
7 752

Estimated living cost  is ₴7375 per week

₴4878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴453
₴821
₴720
-₴4889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
trade
-
-
-
368
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.

-
-
-
2 930
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.

-
-
-
2 079
surtax

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

-
-
-
115
total
-
-
-
5 492
Employee

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

21 336
-
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.

97
-
115
-
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.

1 754
-
2 079
-
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.

2 930
-
2 930
-
total
4 781
-
5 124
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 164
22 500
-
-
trade
167
3 229
-
-
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.

10
186
-
-
income
174
3 375
-
-
chamber of commerce
67
98
-
-
total
418
6 888
-
-
Dividends
746
15 612
-
-
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.

2
206
-
-
withholding
24
3 740
-
-
total
26
3 946
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 225
10 834
5 124
5 492
After tax
17 275
11 666
17 376
17 008
Living cost
16 555
16 555
16 555
16 555
Free-cash
720
-4 889
821
453

Estimated living cost  is ₴16555 per week

₴11420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
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.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6656
-₴6656
-₴11043
-₴8677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
1 572
income
-
-
-
3 157
total
-
-
-
4 729
Employee
33 543
-
22 500
-
social contributions
2 787
-
1 572
-
income
6 329
-
3 157
-
total
9 116
-
4 729
-
Employer
33 543
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
2 812
-
-
total
-
2 812
-
-
Dividends
-
19 688
-
-
withholding
-
3 938
-
-
total
-
3 938
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 116
6 750
4 729
4 729
After tax
13 384
15 750
17 771
17 771
Living cost
24 427
24 427
24 427
24 427
Free-cash
-11 043
-8 677
-6 656
-6 656

Estimated living cost  is ₴24427 per week

₴18584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
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.
₴3620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8135
₴640
-₴723
-₴3135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
22 500
health

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

-
-
-
2 863
income
-
-
-
12 206
total
-
-
-
15 069
Employee
19 672
-
20 527
-
social contributions
1 971
-
1 973
-
income
2 135
-
2 348
-
total
4 106
-
4 321
-
Employer
19 672
-
20 527
-
social contributions
1 971
-
1 973
-
total
1 971
-
1 973
-
Corporate
857
22 500
-
-
income
300
7 875
-
-
total
300
7 875
-
-
Dividends
557
14 625
-
-
social contributions
1 280
2 194
-
-
total
1 280
2 194
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 657
10 069
6 294
15 069
After tax
14 843
12 431
16 206
7 431
Living cost
15 566
15 566
15 566
15 566
Free-cash
-723
-3 135
640
-8 135

Estimated living cost  is ₴15566 per week

₴10253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
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.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴937
-₴1265
-₴2128
₴839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 239
pensions
-
-
-
1 305
total
-
-
-
5 544
Employee
21 989
-
20 150
-
income
4 004
-
3 689
-
pensions
1 678
-
1 458
-
health
287
-
249
-
total
5 969
-
5 396
-
Employer
21 989
-
20 150
-
pensions
2 222
-
1 967
-
health
418
-
383
-
total
2 640
-
2 350
-
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
8 609
5 642
7 746
5 544
After tax
13 891
16 858
14 754
16 956
Living cost
16 019
16 019
16 019
16 019
Free-cash
-2 128
839
-1 265
937

Estimated living cost  is ₴16019 per week

₴10989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5395
₴1707
₴263
-₴8354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
3 954
pensions
-
-
-
1 777
total
-
-
-
6 929
Employee
16 008
-
18 691
-
income
2 196
-
2 564
-
pensions
1 802
-
2 104
-
health
1 833
-
2 140
-
total
5 831
-
6 808
-
Employer
16 008
-
18 691
-
pensions
2 603
-
3 039
-
accident
267
-
312
-
unemployment
392
-
458
-
total
3 262
-
3 809
-
Corporate
3 230
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.

2 907
20 250
-
-
total
2 907
20 250
-
-
Dividends
323
2 250
-
-
withholding
61
428
-
-
total
61
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 061
20 678
10 617
6 929
After tax
10 439
1 822
11 883
15 571
Living cost
10 176
10 176
10 176
10 176
Free-cash
263
-8 354
1 707
5 395

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7615
₴7615
₴11251
₴13335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
112
unemployment
-
-
-
270
income
-
-
-
2 908
health insurance
-
-
-
1 665
pensions
-
-
-
4 140
total
-
-
-
9 095
Employee

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

9 264
-
22 500
-
income
926
-
2 908
-
work injury
46
-
112
-
pensions
1 705
-
4 140
-
unemployment
111
-
270
-
health insurance
686
-
1 665
-
total
3 474
-
9 095
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 236
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
13 236
22 500
-
-
withholding
1 985
3 375
-
-
total
1 985
3 375
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 459
3 375
9 095
9 095
After tax
17 041
19 125
13 405
13 405
Living cost
5 790
5 790
5 790
5 790
Free-cash
11 251
13 335
7 615
7 615

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
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.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4879
-₴6127
-₴13635
-₴5232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
municipal
-
-
-
151
national
-
-
-
4 024
regional
-
-
-
334
total
-
-
-
10 296
Employee
36 135
-
22 500
-
national
6 106
-
3 538
-
social contributions
12 184
-
7 587
-
municipal
216
-
134
-
regional
546
-
285
-
total
19 052
-
11 544
-
Employer
36 135
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
nationa
-
5 400
-
-
municipal
-
1 085
-
-
total
-
6 485
-
-
Dividends
-
16 015
-
-
withholding
-
4 164
-
-
total
-
4 164
-
-
Income
22 500
22 500
22 500
22 500
Total tax
19 052
10 649
11 544
10 296
After tax
3 448
11 851
10 956
12 204
Living cost
17 083
17 083
17 083
17 083
Free-cash
-13 635
-5 232
-6 127
-4 879

Estimated living cost  is ₴17083 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
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.
₴3650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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