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
-₴3705
₴2443
₴2443
₴1830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income

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

-
-
-
1 398
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.

-
-
-
77
health

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

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

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 895
Employee

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

19 145
-
22 500
-
surtax

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

29
-
77
-
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.

535
-
1 398
-
health

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

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

3 420
-
3 420
-
total
3 984
-
4 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 355
22 500
-
-
income
503
3 375
-
-
surtax

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

28
185
-
-
chamber of commerce
81
108
-
-
trade
528
3 544
-
-
total
1 140
7 212
-
-
Dividends
2 215
15 287
-
-
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.

20
199
-
-
withholding
364
3 632
-
-
total
384
3 831
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 508
11 043
4 895
4 895
After tax
16 992
11 457
17 605
17 605
Living cost
15 162
15 162
15 162
15 162
Free-cash
1 830
-3 705
2 443
2 443

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12591
-₴11916
-₴12093
-₴22530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
242
municipal
-
-
-
1 969
national
-
-
-
3 051
pensions
-
-
-
2 700
total
-
-
-
7 962
Employee
41 284
-
19 451
-
municipal
5 099
-
2 056
-
pensions
1 651
-
778
-
national
7 902
-
3 186
-
total
14 652
-
6 020
-
Employer
41 284
-
19 451
-
pensions
3 303
-
1 556
-
social contributions
444
-
209
-
total
3 747
-
1 765
-
Corporate
-
22 500
-
-
income

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

-
4 500
-
-
total
-
4 500
-
-
Dividends
-
18 000
-
-
withholding
-
3 960
-
-
total
-
3 960
-
-
Income
22 500
22 500
22 500
22 500
Total tax
18 399
8 460
7 785
7 962
After tax
4 101
14 040
14 715
14 538
Living cost
26 631
26 631
26 631
26 631
Free-cash
-22 530
-12 591
-11 916
-12 093

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7586
₴2495
₴7135
₴3480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
22 500
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 576
microenterprise
-
-
-
3 375
total
-
-
-
4 951
Employee
14 627
-
18 132
-
surtax
-
-
-
-
social contributions

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

1 609
-
1 995
-
income
2 604
-
3 228
-
total
4 213
-
5 223
-
Employer
14 627
-
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.

3 523
-
4 368
-
surtax
-
-
-
-
total
3 523
-
4 368
-
Corporate
4 350
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%.

870
4 500
-
-
total
870
4 500
-
-
Dividends

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

3 480
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 606
4 500
9 591
4 951
After tax
13 894
18 000
12 909
17 549
Living cost
10 414
10 414
10 414
10 414
Free-cash
3 480
7 586
2 495
7 135

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24397
-₴27206
-₴8043
-₴27206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 070
health
-
-
-
3 454
pensions
-
-
-
4 050
total
-
-
-
9 574
Employee
42 746
42 746
42 746
-
pensions
7 694
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
6 561
-
total
21 252
18 443
21 252
-
Employer
42 746
42 746
42 746
-
health
2 971
2 971
2 971
-
pensions
2 975
2 975
2 975
-
unemployment
1 539
1 539
1 539
-
total
7 485
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
28 737
25 928
28 737
9 574
After tax
-6 237
-3 428
-6 237
12 926
Living cost
20 969
20 969
20 969
20 969
Free-cash
-27 206
-24 397
-27 206
-8 043

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7848
-₴8117
-₴8917
-₴15201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
45
other
-
-
-
2 615
unemployment
-
-
-
22
health
-
-
-
1 404
municipal
-
-
-
4 766
national
-
-
-
-
pensions
-
-
-
2 432
total
-
-
-
11 284
Employee
28 688
-
17 121
-
municipal
8 555
-
5 105
-
national
-
-
-
-
total
8 555
-
5 105
-
Employer
28 688
-
17 121
-
health
1 764
-
1 053
-
pensions
3 101
-
1 851
-
accident
57
-
34
-
unemployment
757
-
452
-
other
3 334
-
1 989
-
total
9 013
-
5 379
-
Corporate
-
22 500
-
-
income
-
4 950
-
-
total
-
4 950
-
-
Dividends
-
17 550
-
-
withholding
-
5 265
-
-
total
-
5 265
-
-
Income
22 500
22 500
22 500
22 500
Total tax
17 568
10 215
10 484
11 284
After tax
4 932
12 285
12 016
11 216
Living cost
20 133
20 133
20 133
20 133
Free-cash
-15 201
-7 848
-8 117
-8 917

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8324
-₴2059
-₴2059
-₴2885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income

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

-
-
-
1 398
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.

-
-
-
77
health

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

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

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 895
Employee

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

25 384
-
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.

120
-
77
-
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.

2 181
-
1 398
-
health

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

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

3 420
-
3 420
-
total
5 721
-
4 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
surtax

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

-
185
-
-
chamber of commerce
-
108
-
-
trade
-
3 701
-
-
total
-
7 369
-
-
Dividends
-
15 131
-
-
surtax

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

-
198
-
-
withholding
-
3 593
-
-
total
-
3 791
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 721
11 160
4 895
4 895
After tax
16 779
11 340
17 605
17 605
Living cost
19 664
19 664
19 664
19 664
Free-cash
-2 885
-8 324
-2 059
-2 059

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5055
-₴1959
₴2180
-₴2318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
-
social contributions
-
-
-
3 510
health
-
-
-
574
total
-
-
-
4 084
Employee
38 491
38 491
38 491
-
social contributions
1 870
3 195
1 696
-
income
4 042
3 563
4 105
-
health
383
654
348
-
total
6 295
7 412
6 149
-
Employer
38 491
38 491
38 491
-
health
417
712
378
-
social contributions
1 870
3 195
1 696
-
total
2 287
3 907
2 074
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 582
11 319
8 223
4 084
After tax
13 918
11 181
14 277
18 416
Living cost
16 236
16 236
16 236
16 236
Free-cash
-2 318
-5 055
-1 959
2 180

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3804
₴4073
₴6616
₴3992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 948
5 153
18 828
-
unemployment
194
77
282
-
pensions
1 295
515
1 883
-
income
1 583
630
2 302
-
health
906
361
1 318
-
total
3 978
1 583
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.

12 948
5 153
18 828
-
pensions
2 525
1 005
3 672
-
total
2 525
1 005
3 672
-
Corporate
7 027
16 342
-
-
income
632
1 471
-
-
total
632
1 471
-
-
Dividends
6 395
14 871
-
-
social contributions
1 188
2 841
-
-
withholding
1 215
2 826
-
-
total
2 403
5 667
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 538
9 726
9 457
6 914
After tax
12 962
12 774
13 043
15 586
Living cost
8 970
8 970
8 970
8 970
Free-cash
3 992
3 804
4 073
6 616

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5910
₴1738
₴955
₴2800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 030
health
-
-
-
2 925
pensions
-
-
-
4 500
total
-
-
-
9 455
Employee
14 200
-
16 816
-
unemployment
227
-
269
-
pensions
284
-
336
-
income
1 599
-
2 383
-
total
2 110
-
2 988
-
Employer
14 200
-
16 816
-
health
1 846
-
2 186
-
pensions
2 840
-
3 363
-
unemployment
114
-
135
-
total
4 800
-
5 684
-
Corporate
3 500
22 500
-
-
income
700
4 500
-
-
total
700
4 500
-
-
Dividends
2 800
18 000
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 610
4 500
8 672
9 455
After tax
14 890
18 000
13 828
13 045
Living cost
12 090
12 090
12 090
12 090
Free-cash
2 800
5 910
1 738
955

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9337
₴723
₴4441
₴112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
3 367
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
6 900
Employee
17 554
-
18 691
-
pensions
1 977
-
2 105
-
income
2 408
-
2 564
-
health
2 010
-
2 140
-
total
6 395
-
6 809
-
Employer
17 554
-
18 691
-
pensions
2 854
-
3 039
-
accident
293
-
312
-
unemployment
430
-
458
-
total
3 577
-
3 809
-
Corporate
1 368
22 500
-
-
income

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

1 231
20 250
-
-
total
1 231
20 250
-
-
Dividends
137
2 250
-
-
withholding
26
428
-
-
total
26
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 229
20 678
10 618
6 900
After tax
11 271
1 822
11 882
15 600
Living cost
11 159
11 159
11 159
11 159
Free-cash
112
-9 337
723
4 441

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17349
₴13974
₴18249
₴16595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
microenterprise

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

-
-
-
225
total
-
-
-
225
Employee
5 032
-
22 500
-
income
1 006
-
4 500
-
total
1 006
-
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%.

17 468
22 500
-
-
total
-
-
-
-
Dividends
17 468
22 500
-
-
withholding
873
1 125
-
-
total
873
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
1 879
1 125
4 500
225
After tax
20 621
21 375
18 000
22 275
Living cost
4 026
4 026
4 026
4 026
Free-cash
16 595
17 349
13 974
18 249

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3193
-₴153
-₴1155
-₴255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
5 400
total
-
-
-
10 317
Employee
18 175
-
17 971
-
unemployment
181
-
180
-
pensions

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

1 272
-
1 259
-
income
3 129
-
3 094
-
health
255
-
252
-
total
4 837
-
4 785
-
Employer
18 175
-
17 971
-
health
255
-
252
-
pensions

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

3 090
-
3 056
-
accident
145
-
143
-
unemployment
181
-
180
-
other
909
-
899
-
total
4 580
-
4 530
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
1 244
-
-
total
-
1 244
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 417
5 969
9 315
10 317
After tax
13 083
16 531
13 185
12 183
Living cost
13 338
13 338
13 338
13 338
Free-cash
-255
3 193
-153
-1 155

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16728
-₴18605
-₴16535
-₴31532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 262
pensions
-
-
-
1 187
total
-
-
-
5 449
Employee
47 520
-
20 266
-
pensions
4 584
-
1 314
-
income
8 566
-
3 746
-
health
783
-
225
-
total
13 933
-
5 285
-
Employer
47 520
-
20 266
-
health
902
-
385
-
pensions
5 611
-
1 849
-
total
6 513
-
2 234
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
20 446
5 642
7 519
5 449
After tax
2 054
16 858
14 981
17 051
Living cost
33 586
33 586
33 586
33 586
Free-cash
-31 532
-16 728
-18 605
-16 535

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴12674
₴8069
₴7893
₴10349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
3 375
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
8 044
Employee
8 690
-
19 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
1 907
-
health
400
-
804
-
total
2 128
-
4 438
-
Employer
8 690
-
19 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
12 104
22 500
-
-
income
1 210
2 250
-
-
total
1 210
2 250
-
-
Dividends
10 894
20 250
-
-
withholding
544
1 013
-
-
total
544
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 588
3 263
7 868
8 044
After tax
16 912
19 237
14 632
14 456
Living cost
6 563
6 563
6 563
6 563
Free-cash
10 349
12 674
8 069
7 893

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
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.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴31185
-₴33994
-₴14831
-₴32035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 070
health
-
-
-
3 454
pensions
-
-
-
4 050
total
-
-
-
9 574
Employee
46 408
42 746
42 746
-
pensions
5 865
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
6 561
-
total
18 652
18 443
21 252
-
Employer
46 408
42 746
42 746
-
health
3 225
2 971
2 971
-
pensions
3 230
2 975
2 975
-
unemployment
1 671
1 539
1 539
-
total
8 126
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
26 778
25 928
28 737
9 574
After tax
-4 278
-3 428
-6 237
12 926
Living cost
27 757
27 757
27 757
27 757
Free-cash
-32 035
-31 185
-33 994
-14 831

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
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.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3234
-₴839
-₴1298
-₴1653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
1 934
social contributions
-
-
-
6 570
solidarity contribution
-
-
-
-
health
-
-
-
3 037
total
-
-
-
11 541
Employee
18 025
-
16 791
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
1 091
-
income
2 163
-
2 015
-
health
2 433
-
2 267
-
total
5 768
-
5 373
-
Employer
18 025
-
16 791
-
health
1 622
-
1 511
-
social contributions
4 506
-
4 198
-
total
6 128
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 896
7 009
11 082
11 541
After tax
10 604
15 491
11 418
10 959
Living cost
12 257
12 257
12 257
12 257
Free-cash
-1 653
3 234
-839
-1 298

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9118
-₴9972
-₴8700
-₴21988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
regional
-
-
-
214
municipal
-
-
-
134
national
-
-
-
3 943
total
-
-
-
10 078
Employee
44 487
-
22 500
-
municipal
236
-
120
-
national
7 709
-
3 457
-
regional
420
-
186
-
social contributions
15 001
-
7 587
-
total
23 366
-
11 350
-
Employer
44 487
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
878
-
-
nationa
-
5 400
-
-
total
-
6 278
-
-
Dividends
-
16 222
-
-
withholding
-
4 218
-
-
total
-
4 218
-
-
Income
22 500
22 500
22 500
22 500
Total tax
23 366
10 496
11 350
10 078
After tax
-866
12 004
11 150
12 422
Living cost
21 122
21 122
21 122
21 122
Free-cash
-21 988
-9 118
-9 972
-8 700

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
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.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3107
₴1327
₴1878
₴1548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
3 257
other
-
-
-
-
surtax
-
-
-
107
unemployment
-
-
-
114
health
-
-
-
1 598
pensions
-
-
-
4 500
total
-
-
-
9 576
Employee
16 553
-
18 588
-
other
-
-
-
-
unemployment
1 152
-
1 294
-
pensions
1 104
-
1 240
-
surtax
54
-
92
-
income
2 775
-
3 116
-
health
423
-
474
-
total
5 508
-
6 216
-
Employer
16 553
-
18 588
-
health
753
-
845
-
pensions
2 207
-
2 477
-
unemployment
524
-
589
-
other
-
-
-
-
total
3 484
-
3 911
-
Corporate
2 462
22 500
-
-
income
640
5 850
-
-
total
640
5 850
-
-
Dividends
1 822
16 650
-
-
withholding
274
2 497
-
-
total
274
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 906
8 347
10 127
9 576
After tax
12 594
14 153
12 373
12 924
Living cost
11 046
11 046
11 046
11 046
Free-cash
1 548
3 107
1 327
1 878

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6087
-₴7964
-₴5894
-₴13398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 262
pensions
-
-
-
1 187
total
-
-
-
5 449
Employee
31 846
-
20 266
-
pensions
2 703
-
1 314
-
income
5 736
-
3 746
-
health
462
-
225
-
total
8 901
-
5 285
-
Employer
31 846
-
20 266
-
health
605
-
385
-
pensions
3 447
-
1 849
-
total
4 052
-
2 234
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 953
5 642
7 519
5 449
After tax
9 547
16 858
14 981
17 051
Living cost
22 945
22 945
22 945
22 945
Free-cash
-13 398
-6 087
-7 964
-5 894

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
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.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴29313
-₴21841
-₴20405
-₴28261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
other

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

-
-
-
450
regional
-
-
-
378
health
-
-
-
129
city
-
-
-
236
national
-
-
-
40
pensions
-
-
-
2 070
total
-
-
-
3 303
Employee
46 345
-
19 979
-
unemployment
-
-
-
-
pensions
3 894
-
1 857
-
national
219
-
24
-
regional
1 518
-
298
-
city
497
-
213
-
health
105
-
45
-
total
6 233
-
2 437
-
Employer
46 345
-
19 979
-
health
105
-
45
-
pensions
3 894
-
1 857
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

927
-
400
-
total
4 926
-
2 302
-
Corporate
-
22 500
-
-
regional
-
4 759
-
-
national
-
1 912
-
-
total
-
6 671
-
-
Dividends
-
15 829
-
-
withholding
-
5 540
-
-
total
-
5 540
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 159
12 211
4 739
3 303
After tax
11 341
10 289
17 761
19 197
Living cost
39 602
39 602
39 602
39 602
Free-cash
-28 261
-29 313
-21 841
-20 405

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11707
-₴5326
-₴5326
-₴7583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income

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

-
-
-
1 398
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.

-
-
-
77
health

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

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

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 895
Employee

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

30 083
-
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.

195
-
77
-
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.

3 537
-
1 398
-
health

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

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

3 420
-
3 420
-
total
7 152
-
4 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
surtax

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

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

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

-
196
-
-
withholding
-
3 554
-
-
total
-
3 750
-
-
Income
22 500
22 500
22 500
22 500
Total tax
7 152
11 276
4 895
4 895
After tax
15 348
11 224
17 605
17 605
Living cost
22 931
22 931
22 931
22 931
Free-cash
-7 583
-11 707
-5 326
-5 326

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5786
-₴3155
-₴3501
-₴5613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
695
other
-
-
-
697
surtax
-
-
-
-
social contributions
-
-
-
641
health
-
-
-
195
pensions
-
-
-
6 647
total
-
-
-
8 875
Employee
21 423
-
17 145
-
pensions
2 422
-
1 939
-
surtax
-
-
-
-
social contributions
611
-
489
-
income
1 264
-
748
-
total
4 297
-
3 176
-
Employer
21 423
-
17 145
-
health
1 500
-
1 200
-
pensions
3 519
-
2 816
-
unemployment
867
-
694
-
social contributions
65
-
51
-
other
739
-
592
-
total
6 690
-
5 353
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 074
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 987
11 160
8 529
8 875
After tax
11 513
11 340
13 971
13 625
Living cost
17 126
17 126
17 126
17 126
Free-cash
-5 613
-5 786
-3 155
-3 501

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4089
-₴1458
-₴1804
-₴2594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
695
other
-
-
-
697
surtax
-
-
-
-
social contributions
-
-
-
641
health
-
-
-
195
pensions
-
-
-
6 647
total
-
-
-
8 875
Employee
19 123
-
17 145
-
pensions
2 163
-
1 939
-
surtax
-
-
-
-
social contributions
545
-
489
-
income
986
-
748
-
total
3 694
-
3 176
-
Employer
19 123
-
17 145
-
health
1 338
-
1 200
-
pensions
3 142
-
2 816
-
unemployment
774
-
694
-
social contributions
57
-
51
-
other
660
-
592
-
total
5 971
-
5 353
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 074
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 665
11 160
8 529
8 875
After tax
12 835
11 340
13 971
13 625
Living cost
15 429
15 429
15 429
15 429
Free-cash
-2 594
-4 089
-1 458
-1 804

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3114
₴3108
₴3836
₴3150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
3 375
social contributions
-
-
-
3 105
health
-
-
-
1 570
total
-
-
-
8 050
Employee
16 972
-
22 500
-
social contributions
2 342
-
3 105
-
income
2 831
-
4 103
-
health
1 185
-
1 570
-
total
6 358
-
8 778
-
Employer
16 972
-
22 500
-
total
-
-
-
-
Corporate
5 528
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%.

276
1 125
-
-
total
276
1 125
-
-
Dividends
5 252
21 375
-
-
social contributions
873
2 949
-
-
withholding
787
3 206
-
-
health
442
1 492
-
-
total
2 102
7 647
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 736
8 772
8 778
8 050
After tax
13 764
13 728
13 722
14 450
Living cost
10 614
10 614
10 614
10 614
Free-cash
3 150
3 114
3 108
3 836

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
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.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6534
-₴8951
-₴5055
-₴10287
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
774
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
90
health
-
-
-
1 721
pensions
-
-
-
4 163
total
-
-
-
9 917
Employee
25 016
19 948
19 948
-
other
250
199
173
-
unemployment
750
598
518
-
pensions
2 562
2 042
1 766
-
income
2 848
1 471
1 594
-
health
968
772
667
-
total
7 378
5 082
4 718
-
Employer
25 016
19 948
19 948
-
chamber of commerce
100
80
80
-
health
945
754
652
-
pensions
3 139
2 504
2 164
-
accident
325
259
224
-
unemployment
750
598
518
-
surtax
99
99
99
-
payroll
750
598
598
-
other
1 188
947
924
-
total
7 296
5 839
5 259
-
Corporate
1 900
1 900
15 341
-
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.

475
475
3 836
-
total
475
475
3 836
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 149
11 396
13 813
9 917
After tax
7 351
11 104
8 687
12 583
Living cost
17 638
17 638
17 638
17 638
Free-cash
-10 287
-6 534
-8 951
-5 055

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5531
-₴8182
-₴5304
-₴23728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
communal

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

-
-
-
1 228
social contributions
-
-
-
2 022
national
-
-
-
6 303
total
-
-
-
9 553
Employee

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

35 805
-
17 427
-
unemployment

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

312
-
152
-
communal

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

1 868
-
909
-
pensions

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

2 685
-
1 307
-
national
11 008
-
4 172
-
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.

1 682
-
819
-
total
17 555
-
7 359
-
Employer

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

35 805
-
17 427
-
health

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

2 202
-
1 071
-
pensions

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

3 173
-
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.

465
-
226
-
unemployment

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

522
-
255
-
surtax
4 060
-
1 976
-
total
10 422
-
5 072
-
Corporate
-
22 500
-
-
income
-
4 500
-
-
surtax
-
90
-
-
total
-
4 590
-
-
Dividends
-
17 910
-
-
withholding

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

-
5 190
-
-
total
-
5 190
-
-
Income
22 500
22 500
22 500
22 500
Total tax
27 977
9 780
12 431
9 553
After tax
-5 477
12 720
10 069
12 947
Living cost
18 251
18 251
18 251
18 251
Free-cash
-23 728
-5 531
-8 182
-5 304

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-₴2854
-₴5343
-₴5515
-₴10360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
202
income
-
-
-
3 188
other
-
-
-
23
unemployment
-
-
-
158
pensions
-
-
-
6 367
total
-
-
-
9 938
Employee
24 917
-
17 060
-
other
25
-
17
-
unemployment
387
-
264
-
pensions
1 171
-
802
-
income
5 257
-
3 243
-
total
6 840
-
4 326
-
Employer
24 917
-
17 060
-
pensions
5 880
-
4 026
-
accident
493
-
338
-
unemployment
1 371
-
939
-
other
199
-
137
-
total
7 943
-
5 440
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 902
-
-
total
-
3 902
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 783
7 277
9 766
9 938
After tax
7 717
15 223
12 734
12 562
Living cost
18 077
18 077
18 077
18 077
Free-cash
-10 360
-2 854
-5 343
-5 515

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13048
-₴12237
-₴12235
-₴19935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
communal
-
-
-
-
accident
-
-
-
215
income
-
-
-
552
surtax
-
-
-
1 168
health
-
-
-
1 786
pensions
-
-
-
3 811
total
-
-
-
7 532
Employee
37 907
-
19 653
-
pensions
3 032
-
1 906
-
surtax
2 323
-
1 168
-
income
3 661
-
552
-
health
1 687
-
1 060
-
total
10 703
-
4 686
-
Employer
37 907
-
19 653
-
health
1 156
-
727
-
pensions
3 032
-
1 906
-
accident
341
-
215
-
total
4 529
-
2 848
-
Corporate
-
22 500
-
-
communal
-
1 519
-
-
income
-
3 375
-
-
surtax
-
237
-
-
total
-
5 131
-
-
Dividends
-
17 370
-
-
income
-
608
-
-
withholding
-
2 606
-
-
total
-
3 214
-
-
Income
22 500
22 500
22 500
22 500
Total tax
15 232
8 345
7 534
7 532
After tax
7 268
14 155
14 966
14 968
Living cost
27 203
27 203
27 203
27 203
Free-cash
-19 935
-13 048
-12 237
-12 235

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2910
₴1130
₴1681
₴1317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
3 257
other
-
-
-
-
surtax
-
-
-
107
unemployment
-
-
-
114
health
-
-
-
1 598
pensions
-
-
-
4 500
total
-
-
-
9 576
Employee
16 857
-
18 588
-
other
-
-
-
-
unemployment
1 173
-
1 294
-
pensions
1 125
-
1 240
-
surtax
60
-
92
-
income
2 826
-
3 116
-
health
430
-
474
-
total
5 614
-
6 216
-
Employer
16 857
-
18 588
-
health
767
-
845
-
pensions
2 247
-
2 477
-
unemployment
535
-
589
-
other
-
-
-
-
total
3 549
-
3 911
-
Corporate
2 094
22 500
-
-
income
544
5 850
-
-
total
544
5 850
-
-
Dividends
1 550
16 650
-
-
withholding
233
2 497
-
-
total
233
2 497
-
-
Income
22 500
22 500
22 500
22 500
Total tax
9 940
8 347
10 127
9 576
After tax
12 560
14 153
12 373
12 924
Living cost
11 243
11 243
11 243
11 243
Free-cash
1 317
2 910
1 130
1 681

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1657
-₴2451
-₴1188
-₴5267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
regional
-
-
-
340
municipal
-
-
-
134
national
-
-
-
3 943
total
-
-
-
10 204
Employee
27 767
-
22 500
-
municipal
147
-
120
-
national
4 399
-
3 457
-
regional
374
-
303
-
social contributions
9 363
-
7 587
-
total
14 283
-
11 467
-
Employer
27 767
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
1 118
-
-
nationa
-
5 400
-
-
total
-
6 518
-
-
Dividends
-
15 982
-
-
withholding
-
4 155
-
-
total
-
4 155
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 283
10 673
11 467
10 204
After tax
8 217
11 827
11 033
12 296
Living cost
13 484
13 484
13 484
13 484
Free-cash
-5 267
-1 657
-2 451
-1 188

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴387
-₴3686
-₴4145
-₴7264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
1 934
social contributions
-
-
-
6 570
solidarity contribution
-
-
-
-
health
-
-
-
3 037
total
-
-
-
11 541
Employee
22 212
-
16 791
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
1 091
-
income
2 665
-
2 015
-
health
2 999
-
2 267
-
total
7 108
-
5 373
-
Employer
22 212
-
16 791
-
health
1 999
-
1 511
-
social contributions
5 553
-
4 198
-
total
7 552
-
5 709
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 660
7 009
11 082
11 541
After tax
7 840
15 491
11 418
10 959
Living cost
15 104
15 104
15 104
15 104
Free-cash
-7 264
387
-3 686
-4 145

Estimated living cost  is ₴15104 per week

₴11232
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.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4767
-₴7229
-₴3288
-₴6150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
774
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
90
health
-
-
-
1 721
pensions
-
-
-
4 163
total
-
-
-
9 818
Employee
21 881
19 948
19 948
-
other
218
199
173
-
unemployment
656
598
520
-
pensions
2 241
2 042
1 773
-
income
1 949
1 471
1 590
-
health
846
772
671
-
total
5 910
5 082
4 727
-
Employer
21 881
19 948
19 948
-
chamber of commerce
87
80
80
-
health
827
754
654
-
pensions
2 746
2 504
2 174
-
accident
284
259
225
-
unemployment
656
598
520
-
surtax
-
-
-
-
payroll
656
598
598
-
other
1 039
947
925
-
total
6 295
5 740
5 176
-
Corporate
1 900
1 900
15 423
-
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.

475
475
3 856
-
total
475
475
3 856
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 680
11 297
13 759
9 818
After tax
9 820
11 203
8 741
12 682
Living cost
15 970
15 970
15 970
15 970
Free-cash
-6 150
-4 767
-7 229
-3 288

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15102
₴11727
₴16002
₴13926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
22 500
-
income
1 568
-
4 500
-
total
1 568
-
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%.

14 658
22 500
-
-
total
-
-
-
-
Dividends
14 658
22 500
-
-
withholding
733
1 125
-
-
total
733
1 125
-
-
Income
22 500
22 500
22 500
22 500
Total tax
2 301
1 125
4 500
225
After tax
20 199
21 375
18 000
22 275
Living cost
6 273
6 273
6 273
6 273
Free-cash
13 926
15 102
11 727
16 002

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2065
-₴1518
-₴803
-₴3081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
22 500
income
-
-
-
3 520
unemployment
-
-
-
34
health
-
-
-
2 214
pensions
-
-
-
4 109
total
-
-
-
9 877
Employee

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

22 135
-
19 469
-
unemployment
31
-
28
-
pensions
3 431
-
3 018
-
income
3 817
-
3 257
-
health
1 430
-
1 258
-
total
8 709
-
7 561
-
Employer

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

22 135
-
19 469
-
health
1 474
-
1 297
-
pensions
1 959
-
1 723
-
unemployment
13
-
11
-
total
3 446
-
3 031
-
Corporate
-
22 500
-
-
income
-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
2 734
-
-
total
-
2 734
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 155
7 009
10 592
9 877
After tax
10 345
15 491
11 908
12 623
Living cost
13 426
13 426
13 426
13 426
Free-cash
-3 081
2 065
-1 518
-803

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7691
-₴5398
-₴5831
-₴51381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
4 386
social contributions
-
-
-
2 565
total
-
-
-
6 951
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
-
22 500
-
-
income
-
4 950
-
-
total
-
4 950
-
-
Dividends
-
17 550
-
-
income
-
3 861
-
-
total
-
3 861
-
-
Income
22 500
22 500
22 500
22 500
Total tax
52 501
8 811
6 518
6 951
After tax
-30 001
13 689
15 982
15 549
Living cost
21 380
21 380
21 380
21 380
Free-cash
-51 381
-7 691
-5 398
-5 831

Estimated living cost  is ₴21380 per week

₴13872
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.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2903
-₴3000
-₴2531
-₴5990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income
-
-
-
1 511
surtax
-
-
-
-
social contributions

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

-
-
-
7 819
total
-
-
-
9 330
Employee
23 022
-
18 182
-
surtax
-
-
-
-
social contributions
2 532
-
2 000
-
income
4 789
-
3 481
-
total
7 321
-
5 481
-
Employer
23 022
-
18 182
-
social contributions
5 468
-
4 318
-
total
5 468
-
4 318
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
surtax
-
-
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 789
9 702
9 799
9 330
After tax
9 711
12 798
12 701
13 170
Living cost
15 701
15 701
15 701
15 701
Free-cash
-5 990
-2 903
-3 000
-2 531

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
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.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12836
-₴10205
-₴10551
-₴18641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
695
other
-
-
-
697
surtax
-
-
-
-
social contributions
-
-
-
641
health
-
-
-
195
pensions
-
-
-
6 647
total
-
-
-
8 875
Employee
31 351
-
17 145
-
pensions
3 546
-
1 939
-
surtax
-
-
-
-
social contributions
893
-
489
-
income
2 735
-
748
-
total
7 174
-
3 176
-
Employer
31 351
-
17 145
-
health
2 194
-
1 200
-
pensions
5 151
-
2 816
-
unemployment
1 270
-
694
-
social contributions
94
-
51
-
other
1 082
-
592
-
total
9 791
-
5 353
-
Corporate
-
22 500
-
-
income
-
6 300
-
-
surtax
-
-
-
-
total
-
6 300
-
-
Dividends
-
16 200
-
-
surtax
-
-
-
-
social contributions
-
2 786
-
-
withholding
-
2 074
-
-
total
-
4 860
-
-
Income
22 500
22 500
22 500
22 500
Total tax
16 965
11 160
8 529
8 875
After tax
5 535
11 340
13 971
13 625
Living cost
24 176
24 176
24 176
24 176
Free-cash
-18 641
-12 836
-10 205
-10 551

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5203
₴3167
₴2503
₴3522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
-
social contributions
-
-
-
4 950
total
-
-
-
4 950
Employee
16 093
-
19 480
-
income
-
-
-
-
social contributions
1 046
-
1 266
-
total
1 046
-
1 266
-
Employer
16 093
-
19 480
-
social contributions
2 494
-
3 020
-
total
2 494
-
3 020
-
Corporate
3 913
22 500
-
-
income
391
2 250
-
-
total
391
2 250
-
-
Dividends
3 522
20 250
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
3 931
2 250
4 286
4 950
After tax
18 569
20 250
18 214
17 550
Living cost
15 047
15 047
15 047
15 047
Free-cash
3 522
5 203
3 167
2 503

Estimated living cost  is ₴15047 per week

₴9729
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.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴86559
-₴86559
-₴9099
-₴86559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
labour market
-
-
-
1 765
municipal
-
-
-
3 327
national
-
-
-
1 966
pensions
-
-
-
434
total
-
-
-
7 492
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
84 952
84 952
84 952
7 492
After tax
-62 452
-62 452
-62 452
15 008
Living cost
24 107
24 107
24 107
24 107
Free-cash
-86 559
-86 559
-86 559
-9 099

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9173
₴887
₴4605
₴135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
3 367
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
6 900
Employee
17 296
-
18 691
-
pensions
1 948
-
2 105
-
income
2 373
-
2 564
-
health
1 980
-
2 140
-
total
6 301
-
6 809
-
Employer
17 296
-
18 691
-
pensions
2 812
-
3 039
-
accident
289
-
312
-
unemployment
424
-
458
-
total
3 525
-
3 809
-
Corporate
1 680
22 500
-
-
income

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

1 512
20 250
-
-
total
1 512
20 250
-
-
Dividends
168
2 250
-
-
withholding
32
428
-
-
total
32
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
11 370
20 678
10 618
6 900
After tax
11 130
1 822
11 882
15 600
Living cost
10 995
10 995
10 995
10 995
Free-cash
135
-9 173
887
4 605

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
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.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3648
-₴5079
-₴1219
-₴8805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
health
-
-
-
138
municipal
-
-
-
4 025
national
-
-
-
338
total
-
-
-
4 501
Employee
26 336
-
18 928
-
municipal
4 314
-
3 111
-
unemployment
395
-
284
-
pensions
1 777
-
1 278
-
national
435
-
34
-
health
197
-
83
-
total
7 118
-
4 790
-
Employer
26 336
-
18 928
-
health
202
-
145
-
pensions
4 569
-
3 284
-
accident
27
-
19
-
unemployment
171
-
123
-
total
4 969
-
3 571
-
Corporate
-
22 500
-
-
income
-
4 500
-
-
total
-
4 500
-
-
Dividends

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

-
13 500
-
-
municipal
-
2 430
-
-
national
-
-
-
-
total
-
2 430
-
-
Income
22 500
22 500
22 500
22 500
Total tax
12 087
6 930
8 361
4 501
After tax
10 413
15 570
14 139
17 999
Living cost
19 218
19 218
19 218
19 218
Free-cash
-8 805
-3 648
-5 079
-1 219

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
-₴408
₴2688
₴6827
₴2316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
-
social contributions
-
-
-
3 510
health
-
-
-
574
total
-
-
-
4 084
Employee
38 491
38 491
38 491
-
social contributions
1 455
3 195
1 696
-
income
4 191
3 563
4 105
-
health
298
654
348
-
total
5 944
7 412
6 149
-
Employer
38 491
38 491
38 491
-
health
324
712
378
-
social contributions
1 455
3 195
1 696
-
total
1 779
3 907
2 074
-
Corporate
3 187
-
-
-
income
398
-
-
-
total
398
-
-
-
Dividends
2 789
-
-
-
withholding
474
-
-
-
total
474
-
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 595
11 319
8 223
4 084
After tax
13 905
11 181
14 277
18 416
Living cost
11 589
11 589
11 589
11 589
Free-cash
2 316
-408
2 688
6 827

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10685
₴6028
₴7797
₴8138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
22 500
income
-
-
-
1 747
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
6 756
Employee

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

11 490
-
20 400
-
unemployment
57
-
102
-
pensions
1 723
-
3 060
-
income
786
-
1 528
-
health
977
-
1 734
-
total
3 543
-
6 424
-
Employer

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

11 490
-
20 400
-
health
494
-
877
-
pensions
632
-
1 122
-
unemployment
57
-
102
-
total
1 183
-
2 101
-
Corporate
9 828
22 500
-
-
income
884
2 025
-
-
total
884
2 025
-
-
Dividends
8 943
20 475
-
-
withholding
805
1 843
-
-
total
805
1 843
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 415
3 868
8 525
6 756
After tax
16 085
18 632
13 975
15 744
Living cost
7 947
7 947
7 947
7 947
Free-cash
8 138
10 685
6 028
7 797

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1458
-₴1031
-₴1203
-₴1909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
202
income
-
-
-
3 188
other
-
-
-
23
unemployment
-
-
-
158
pensions
-
-
-
6 367
total
-
-
-
9 938
Employee
18 509
-
17 060
-
other
18
-
17
-
unemployment
287
-
264
-
pensions
870
-
802
-
income
3 568
-
3 243
-
total
4 743
-
4 326
-
Employer
18 509
-
17 060
-
pensions
4 368
-
4 026
-
accident
367
-
338
-
unemployment
1 018
-
939
-
other
148
-
137
-
total
5 901
-
5 440
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 902
-
-
total
-
3 902
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 644
7 277
9 766
9 938
After tax
11 856
15 223
12 734
12 562
Living cost
13 765
13 765
13 765
13 765
Free-cash
-1 909
1 458
-1 031
-1 203

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13029
₴12948
₴13020
₴12863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
7 196
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
8 469
Employee
1 540
-
21 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
7 158
-
health
77
-
184
-
total
529
-
7 711
-
Employer
1 540
-
21 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
20 613
22 500
-
-
income
4 535
4 950
-
-
total
4 535
4 950
-
-
Dividends
16 078
17 550
-
-
withholding
3 216
3 510
-
-
total
3 216
3 510
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 626
8 460
8 541
8 469
After tax
13 874
14 040
13 959
14 031
Living cost
1 011
1 011
1 011
1 011
Free-cash
12 863
13 029
12 948
13 020

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7595
₴3619
₴2649
₴5132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
22 500
income
-
-
-
2 684
unemployment
-
-
-
338
health
-
-
-
2 318
pensions
-
-
-
5 850
total
-
-
-
11 190
Employee

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

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

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

13 060
-
19 084
-
unemployment
98
-
143
-
pensions
1 828
-
2 672
-
income
1 800
-
3 006
-
health
673
-
983
-
total
4 399
-
6 804
-
Employer

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

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

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

13 060
-
19 084
-
health
673
-
983
-
pensions
1 567
-
2 290
-
unemployment
98
-
143
-
total
2 338
-
3 416
-
Corporate
7 102
22 500
-
-
income
1 065
3 375
-
-
total
1 065
3 375
-
-
Dividends
6 037
19 125
-
-
withholding
905
2 869
-
-
total
905
2 869
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 707
6 244
10 220
11 190
After tax
13 793
16 256
12 280
11 310
Living cost
8 661
8 661
8 661
8 661
Free-cash
5 132
7 595
3 619
2 649

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴697
-₴794
-₴325
-₴1542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income
-
-
-
1 511
surtax
-
-
-
-
social contributions

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

-
-
-
7 819
total
-
-
-
9 330
Employee
19 428
-
18 182
-
surtax
-
-
-
-
social contributions
2 137
-
2 000
-
income
3 796
-
3 481
-
total
5 933
-
5 481
-
Employer
19 428
-
18 182
-
social contributions
4 614
-
4 318
-
total
4 614
-
4 318
-
Corporate
-
22 500
-
-
income
-
4 725
-
-
surtax
-
-
-
-
total
-
4 725
-
-
Dividends
-
17 775
-
-
withholding
-
4 977
-
-
total
-
4 977
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 547
9 702
9 799
9 330
After tax
11 953
12 798
12 701
13 170
Living cost
13 495
13 495
13 495
13 495
Free-cash
-1 542
-697
-794
-325

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Porto model

Close
Madrid , Spain
-₴2369
-₴4858
-₴5030
-₴9383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
accident
-
-
-
202
income
-
-
-
3 188
other
-
-
-
23
unemployment
-
-
-
158
pensions
-
-
-
6 367
total
-
-
-
9 938
Employee
24 175
-
17 060
-
other
24
-
17
-
unemployment
374
-
264
-
pensions
1 136
-
802
-
income
5 049
-
3 243
-
total
6 583
-
4 326
-
Employer
24 175
-
17 060
-
pensions
5 705
-
4 026
-
accident
479
-
338
-
unemployment
1 330
-
939
-
other
194
-
137
-
total
7 708
-
5 440
-
Corporate
-
22 500
-
-
income

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

-
3 375
-
-
total
-
3 375
-
-
Dividends
-
19 125
-
-
withholding
-
3 902
-
-
total
-
3 902
-
-
Income
22 500
22 500
22 500
22 500
Total tax
14 291
7 277
9 766
9 938
After tax
8 209
15 223
12 734
12 562
Living cost
17 592
17 592
17 592
17 592
Free-cash
-9 383
-2 369
-4 858
-5 030

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10626
₴6021
₴5845
₴7577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
3 375
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
8 044
Employee
11 402
-
19 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
1 907
-
health
525
-
804
-
total
2 791
-
4 438
-
Employer
11 402
-
19 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
8 861
22 500
-
-
income
886
2 250
-
-
total
886
2 250
-
-
Dividends
7 975
20 250
-
-
withholding
399
1 013
-
-
total
399
1 013
-
-
Income
22 500
22 500
22 500
22 500
Total tax
6 312
3 263
7 868
8 044
After tax
16 188
19 237
14 632
14 456
Living cost
8 611
8 611
8 611
8 611
Free-cash
7 577
10 626
6 021
5 845

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
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.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7637
-₴1720
-₴1720
-₴2406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income

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

-
-
-
1 398
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.

-
-
-
77
health

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

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

-
-
-
3 420
trade
-
-
-
-
total
-
-
-
4 895
Employee

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

24 906
-
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.

113
-
77
-
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.

2 048
-
1 398
-
health

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

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

3 420
-
3 420
-
total
5 581
-
4 895
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
3 375
-
-
surtax

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

-
185
-
-
chamber of commerce
-
109
-
-
trade
-
3 229
-
-
total
-
6 898
-
-
Dividends
-
15 602
-
-
surtax

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

-
204
-
-
withholding
-
3 710
-
-
total
-
3 914
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 581
10 812
4 895
4 895
After tax
16 919
11 688
17 605
17 605
Living cost
19 325
19 325
19 325
19 325
Free-cash
-2 406
-7 637
-1 720
-1 720

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12764
-₴10366
-₴10366
-₴16655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
income
-
-
-
2 932
social contributions
-
-
-
1 420
total
-
-
-
4 352
Employee
39 155
-
22 500
-
income
7 388
-
2 932
-
social contributions
3 253
-
1 420
-
total
10 641
-
4 352
-
Employer
39 155
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
income
-
2 813
-
-
total
-
2 813
-
-
Dividends
-
19 687
-
-
withholding
-
3 937
-
-
total
-
3 937
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 641
6 750
4 352
4 352
After tax
11 859
15 750
18 148
18 148
Living cost
28 514
28 514
28 514
28 514
Free-cash
-16 655
-12 764
-10 366
-10 366

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
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.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5738
-₴1695
-₴12948
-₴4259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
22 500
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
20 451
-
income
2 492
-
1 926
-
social contributions
2 301
-
2 049
-
total
4 793
-
3 975
-
Employer
22 963
-
20 451
-
social contributions
2 301
-
2 049
-
total
2 301
-
2 049
-
Corporate
-
22 500
-
-
income
-
7 875
-
-
total
-
7 875
-
-
Dividends
-
14 625
-
-
social contributions
1 494
2 193
-
-
total
1 494
2 193
-
-
Income
22 500
22 500
22 500
22 500
Total tax
8 588
10 068
6 024
17 277
After tax
13 912
12 432
16 476
5 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
-4 259
-5 738
-1 695
-12 948

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1796
-₴3673
-₴1603
-₴6179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 262
pensions
-
-
-
1 187
total
-
-
-
5 449
Employee
25 605
-
20 266
-
pensions
1 954
-
1 314
-
income
4 663
-
3 746
-
health
334
-
225
-
total
6 951
-
5 285
-
Employer
25 605
-
20 266
-
health
487
-
385
-
pensions
2 587
-
1 849
-
total
3 074
-
2 234
-
Corporate
-
22 500
-
-
income

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

-
4 275
-
-
total
-
4 275
-
-
Dividends
-
18 225
-
-
withholding
-
1 367
-
-
total
-
1 367
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 025
5 642
7 519
5 449
After tax
12 475
16 858
14 981
17 051
Living cost
18 654
18 654
18 654
18 654
Free-cash
-6 179
-1 796
-3 673
-1 603

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10261
-₴201
₴3517
-₴381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
3 367
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
6 900
Employee
19 008
-
18 691
-
pensions
2 140
-
2 105
-
income
2 608
-
2 564
-
health
2 176
-
2 140
-
total
6 924
-
6 809
-
Employer
19 008
-
18 691
-
pensions
3 091
-
3 039
-
accident
317
-
312
-
unemployment
466
-
458
-
total
3 874
-
3 809
-
Corporate
-
22 500
-
-
income

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

-
20 250
-
-
total
-
20 250
-
-
Dividends
-
2 250
-
-
withholding
-
428
-
-
total
-
428
-
-
Income
22 500
22 500
22 500
22 500
Total tax
10 798
20 678
10 618
6 900
After tax
11 702
1 822
11 882
15 600
Living cost
12 083
12 083
12 083
12 083
Free-cash
-381
-10 261
-201
3 517

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12361
₴6833
₴6833
₴9926
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
22 500
income
-
-
-
2 716
unemployment
-
-
-
270
work injury
-
-
-
112
health insurance
-
-
-
1 665
pensions
-
-
-
4 140
total
-
-
-
8 903
Employee

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

10 822
-
22 500
-
health insurance
801
-
1 665
-
unemployment
130
-
270
-
work injury
54
-
112
-
pensions
1 991
-
4 140
-
income
1 082
-
2 716
-
total
4 058
-
8 903
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 678
22 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
11 678
22 500
-
-
withholding
1 752
3 375
-
-
total
1 752
3 375
-
-
Income
22 500
22 500
22 500
22 500
Total tax
5 810
3 375
8 903
8 903
After tax
16 690
19 125
13 597
13 597
Living cost
6 764
6 764
6 764
6 764
Free-cash
9 926
12 361
6 833
6 833

Estimated living cost  is ₴6764 per week

₴4190
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.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8089
-₴8884
-₴7635
-₴19681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
22 500
social contributions
-
-
-
5 787
regional
-
-
-
314
municipal
-
-
-
150
national
-
-
-
3 943
total
-
-
-
10 194
Employee
42 180
-
22 500
-
municipal
252
-
134
-
national
7 128
-
3 457
-
regional
637
-
265
-
social contributions
14 223
-
7 587
-
total
22 240
-
11 443
-
Employer
42 180
-
22 500
-
total
-
-
-
-
Corporate
-
22 500
-
-
municipal
-
1 085
-
-
nationa
-
5 400
-
-
total
-
6 485
-
-
Dividends
-
16 015
-
-
withholding
-
4 163
-
-
total
-
4 163
-
-
Income
22 500
22 500
22 500
22 500
Total tax
22 240
10 648
11 443
10 194
After tax
260
11 852
11 057
12 306
Living cost
19 941
19 941
19 941
19 941
Free-cash
-19 681
-8 089
-8 884
-7 635

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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