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
₴ 23000
per

Your estimated
City
free-cash

Dresden , Germany
₴2278
₴3087
-₴3146
₴3054
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
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.

-
-
-
3 349
trade
-
-
-
33
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.

-
-
-
1 626
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.

-
-
-
89
total
-
-
-
5 097
Employee

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

18 751
-
23 000
-
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.

3 349
-
3 349
-
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.

524
-
1 626
-
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
-
89
-
total
3 902
-
5 064
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 249
23 000
-
-
income
637
3 450
-
-
chamber of commerce
81
108
-
-
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.

35
190
-
-
trade
669
3 623
-
-
total
1 422
7 371
-
-
Dividends
2 826
15 630
-
-
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
205
-
-
withholding
520
3 721
-
-
total
549
3 926
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 873
11 297
5 064
5 097
After tax
17 127
11 703
17 936
17 903
Living cost
14 849
14 849
14 849
14 849
Free-cash
2 278
-3 146
3 087
3 054

Estimated living cost  is ₴14849 per week

₴9341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20123
-₴10570
-₴11152
-₴10750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
247
municipal
-
-
-
2 055
pensions
-
-
-
2 760
national
-
-
-
3 184
total
-
-
-
8 246
Employee
39 536
-
19 883
-
pensions
1 581
-
795
-
municipal
4 883
-
2 144
-
national
7 567
-
3 322
-
total
14 031
-
6 261
-
Employer
39 536
-
19 883
-
pensions
3 163
-
1 591
-
social contributions
425
-
214
-
total
3 588
-
1 805
-
Corporate
-
23 000
-
-
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%.

-
4 600
-
-
total
-
4 600
-
-
Dividends
-
18 400
-
-
withholding
-
4 048
-
-
total
-
4 048
-
-
Income
23 000
23 000
23 000
23 000
Total tax
17 619
8 648
8 066
8 246
After tax
5 381
14 352
14 934
14 754
Living cost
25 504
25 504
25 504
25 504
Free-cash
-20 123
-11 152
-10 570
-10 750

Estimated living cost  is ₴25504 per week

₴17335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4179
₴2998
₴8201
₴7808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
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.

-
-
-
1 543
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
3 450
total
-
-
-
4 993
Employee
14 326
-
18 535
-
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
-
2 039
-
income
2 550
-
3 299
-
surtax
-
-
-
-
total
4 126
-
5 338
-
Employer
14 326
-
18 535
-
surtax
-
-
-
-
social contributions

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

3 451
-
4 465
-
total
3 451
-
4 465
-
Corporate
5 224
23 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

1 045
4 600
-
-
total
1 045
4 600
-
-
Dividends

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

4 179
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 622
4 600
9 803
4 993
After tax
14 378
18 400
13 197
18 007
Living cost
10 199
10 199
10 199
10 199
Free-cash
4 179
8 201
2 998
7 808

Estimated living cost  is ₴10199 per week

₴6507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25684
-₴25684
-₴22932
-₴7337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
3 531
income
-
-
-
2 128
pensions
-
-
-
4 140
total
-
-
-
9 799
Employee
41 866
41 866
41 866
-
pensions
7 536
5 744
7 536
-
health
6 426
5 466
6 426
-
income

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

6 853
6 853
6 853
-
total
20 815
18 063
20 815
-
Employer
41 866
41 866
41 866
-
pensions
2 914
2 914
2 914
-
health
2 910
2 910
2 910
-
unemployment
1 507
1 507
1 507
-
total
7 331
7 331
7 331
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
28 146
25 394
28 146
9 799
After tax
-5 146
-2 394
-5 146
13 201
Living cost
20 538
20 538
20 538
20 538
Free-cash
-25 684
-22 932
-25 684
-7 337

Estimated living cost  is ₴20538 per week

₴14554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14629
-₴7813
-₴7537
-₴8630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
46
health
-
-
-
1 435
municipal
-
-
-
4 872
pensions
-
-
-
2 486
other
-
-
-
2 673
unemployment
-
-
-
23
national
-
-
-
-
total
-
-
-
11 535
Employee
28 633
-
17 501
-
municipal
8 538
-
5 219
-
national
-
-
-
-
total
8 538
-
5 219
-
Employer
28 633
-
17 501
-
pensions
3 095
-
1 892
-
other
3 327
-
2 034
-
health
1 761
-
1 076
-
unemployment
756
-
462
-
accident
57
-
35
-
total
8 996
-
5 499
-
Corporate
-
23 000
-
-
income
-
5 060
-
-
total
-
5 060
-
-
Dividends
-
17 940
-
-
withholding
-
5 382
-
-
total
-
5 382
-
-
Income
23 000
23 000
23 000
23 000
Total tax
17 534
10 442
10 718
11 535
After tax
5 466
12 558
12 282
11 465
Living cost
20 095
20 095
20 095
20 095
Free-cash
-14 629
-7 537
-7 813
-8 630

Estimated living cost  is ₴20095 per week

₴13318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1861
-₴1323
-₴7674
-₴1356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
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.

-
-
-
3 349
trade
-
-
-
33
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.

-
-
-
1 626
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.

-
-
-
89
total
-
-
-
5 097
Employee

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

24 862
-
23 000
-
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.

3 349
-
3 349
-
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.

2 136
-
1 626
-
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.

117
-
89
-
total
5 602
-
5 064
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
income
-
3 450
-
-
chamber of commerce
-
107
-
-
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.

-
190
-
-
trade
-
3 784
-
-
total
-
7 531
-
-
Dividends
-
15 470
-
-
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.

-
203
-
-
withholding
-
3 681
-
-
total
-
3 884
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 602
11 415
5 064
5 097
After tax
17 398
11 585
17 936
17 903
Living cost
19 259
19 259
19 259
19 259
Free-cash
-1 861
-7 674
-1 323
-1 356

Estimated living cost  is ₴19259 per week

₴12881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1307
-₴1102
-₴3988
₴2788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
3 588
health
-
-
-
586
income
-
-
-
137
total
-
-
-
4 311
Employee
37 698
37 698
37 698
-
health
375
641
355
-
social contributions
1 832
3 129
1 733
-
income
3 959
3 490
3 994
-
total
6 166
7 260
6 082
-
Employer
37 698
37 698
37 698
-
health
408
698
386
-
social contributions
1 832
3 129
1 733
-
total
2 240
3 827
2 119
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 406
11 087
8 201
4 311
After tax
14 594
11 913
14 799
18 689
Living cost
15 901
15 901
15 901
15 901
Free-cash
-1 307
-3 988
-1 102
2 788

Estimated living cost  is ₴15901 per week

₴10870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4209
₴4300
₴4023
₴6900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 610
income
-
-
-
2 812
pensions
-
-
-
2 300
unemployment
-
-
-
345
total
-
-
-
7 067
Employee

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

The minimum wage is 138,000 HUF per month.

13 039
5 189
19 247
-
unemployment
196
78
289
-
pensions
1 304
519
1 925
-
health
913
363
1 347
-
income
1 594
634
2 353
-
total
4 007
1 594
5 914
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 039
5 189
19 247
-
pensions
2 543
1 012
3 753
-
total
2 543
1 012
3 753
-
Corporate
7 418
16 799
-
-
income
668
1 512
-
-
total
668
1 512
-
-
Dividends
6 751
15 287
-
-
social contributions
1 257
2 922
-
-
withholding
1 283
2 904
-
-
total
2 540
5 826
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 758
9 944
9 667
7 067
After tax
13 242
13 056
13 333
15 933
Living cost
9 033
9 033
9 033
9 033
Free-cash
4 209
4 023
4 300
6 900

Estimated living cost  is ₴9033 per week

₴6164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3513
₴2179
₴6559
₴1380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
2 990
income
-
-
-
2 189
pensions
-
-
-
4 600
total
-
-
-
9 779
Employee
13 908
-
17 190
-
unemployment
222
-
275
-
pensions
278
-
344
-
income
1 566
-
2 550
-
total
2 066
-
3 169
-
Employer
13 908
-
17 190
-
pensions
2 782
-
3 438
-
health
1 808
-
2 235
-
unemployment
112
-
138
-
total
4 702
-
5 811
-
Corporate
4 391
23 000
-
-
income
878
4 600
-
-
total
878
4 600
-
-
Dividends
3 513
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 646
4 600
8 980
9 779
After tax
15 354
18 400
14 020
13 221
Living cost
11 841
11 841
11 841
11 841
Free-cash
3 513
6 559
2 179
1 380

Estimated living cost  is ₴11841 per week

₴8122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴188
₴1234
-₴9049
₴5042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
125
health
-
-
-
1 082
income
-
-
-
3 591
pensions
-
-
-
2 064
other
-
-
-
184
total
-
-
-
7 046
Employee
17 164
-
19 106
-
pensions
1 933
-
2 151
-
health
1 965
-
2 188
-
income
2 355
-
2 621
-
total
6 253
-
6 960
-
Employer
17 164
-
19 106
-
pensions
2 791
-
3 107
-
unemployment
421
-
468
-
accident
287
-
319
-
total
3 499
-
3 894
-
Corporate
2 338
23 000
-
-
income

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

2 104
20 700
-
-
total
2 104
20 700
-
-
Dividends
234
2 300
-
-
withholding
44
437
-
-
total
44
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 900
21 137
10 854
7 046
After tax
11 100
1 863
12 146
15 954
Living cost
10 912
10 912
10 912
10 912
Free-cash
188
-9 049
1 234
5 042

Estimated living cost  is ₴10912 per week

₴7997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17042
₴14351
₴17801
₴18721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
23 000
microenterprise

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

-
-
-
230
total
-
-
-
230
Employee
5 061
-
23 000
-
income
1 012
-
4 600
-
total
1 012
-
4 600
-
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%.

17 939
23 000
-
-
total
-
-
-
-
Dividends
17 939
23 000
-
-
withholding
897
1 150
-
-
total
897
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
1 909
1 150
4 600
230
After tax
21 091
21 850
18 400
22 770
Living cost
4 049
4 049
4 049
4 049
Free-cash
17 042
17 801
14 351
18 721

Estimated living cost  is ₴4049 per week

₴2509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
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.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴525
₴421
₴3835
-₴608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 012
income
-
-
-
2 921
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.

-
-
-
5 520
other
-
-
-
1 092
total
-
-
-
10 545
Employee
17 801
-
18 371
-
unemployment
178
-
183
-
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.

1 246
-
1 286
-
health
249
-
257
-
income
3 065
-
3 162
-
total
4 738
-
4 888
-
Employer
17 801
-
18 371
-
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.

3 026
-
3 123
-
other
890
-
918
-
health
249
-
257
-
unemployment
178
-
183
-
accident
142
-
147
-
total
4 485
-
4 628
-
Corporate
713
23 000
-
-
income
150
4 830
-
-
total
150
4 830
-
-
Dividends
563
18 170
-
-
withholding
39
1 272
-
-
total
39
1 272
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 412
6 102
9 516
10 545
After tax
13 588
16 898
13 484
12 455
Living cost
13 063
13 063
13 063
13 063
Free-cash
525
3 835
421
-608

Estimated living cost  is ₴13063 per week

₴9230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
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.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28647
-₴16894
-₴14871
-₴14718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
income
-
-
-
4 346
pensions
-
-
-
1 269
total
-
-
-
5 615
Employee
45 420
-
20 662
-
pensions
4 382
-
1 411
-
health
748
-
241
-
income
8 188
-
3 801
-
total
13 318
-
5 453
-
Employer
45 420
-
20 662
-
pensions
5 363
-
1 946
-
health
863
-
392
-
total
6 226
-
2 338
-
Corporate
-
23 000
-
-
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.

-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
1 398
-
-
total
-
1 398
-
-
Income
23 000
23 000
23 000
23 000
Total tax
19 544
5 768
7 791
5 615
After tax
3 456
17 232
15 209
17 385
Living cost
32 103
32 103
32 103
32 103
Free-cash
-28 647
-14 871
-16 894
-14 718

Estimated living cost  is ₴32103 per week

₴24055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3772
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.
₴4015
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10961
₴8771
₴13238
₴8552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 969
income
-
-
-
3 450
pensions

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

-
-
-
2 534
unemployment
-
-
-
68
total
-
-
-
8 021
Employee
8 510
-
19 641
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

747
-
1 503
-
health
391
-
788
-
income
851
-
1 964
-
total
2 083
-
4 443
-
Employer
8 510
-
19 641
-
pensions

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

938
-
1 887
-
health
587
-
1 181
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
total
1 670
-
3 359
-
Corporate
12 820
23 000
-
-
income
1 282
2 300
-
-
total
1 282
2 300
-
-
Dividends
11 538
20 700
-
-
withholding
577
1 035
-
-
total
577
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 612
3 335
7 802
8 021
After tax
17 388
19 665
15 198
14 979
Living cost
6 427
6 427
6 427
6 427
Free-cash
10 961
13 238
8 771
8 552

Estimated living cost  is ₴6427 per week

₴3752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30411
-₴32331
-₴29579
-₴13984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
3 531
income
-
-
-
2 128
pensions
-
-
-
4 140
total
-
-
-
9 799
Employee
45 453
41 866
41 866
-
pensions
5 744
5 744
7 536
-
health
5 671
5 466
6 426
-
income

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

6 853
6 853
6 853
-
total
18 268
18 063
20 815
-
Employer
45 453
41 866
41 866
-
pensions
3 163
2 914
2 914
-
health
3 159
2 910
2 910
-
unemployment
1 636
1 507
1 507
-
total
7 958
7 331
7 331
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
26 226
25 394
28 146
9 799
After tax
-3 226
-2 394
-5 146
13 201
Living cost
27 185
27 185
27 185
27 185
Free-cash
-30 411
-29 579
-32 331
-13 984

Estimated living cost  is ₴27185 per week

₴20054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴960
-₴488
₴3677
-₴957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
6 716
health
-
-
-
3 105
income
-
-
-
1 977
solidarity contribution
-
-
-
-
total
-
-
-
11 798
Employee
17 880
-
17 164
-
solidarity contribution
-
-
-
-
health
2 414
-
2 317
-
social contributions
1 162
-
1 116
-
income
2 146
-
2 060
-
total
5 722
-
5 493
-
Employer
17 880
-
17 164
-
health
1 609
-
1 545
-
social contributions
4 470
-
4 291
-
total
6 079
-
5 836
-
Corporate
-
23 000
-
-
income
-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
2 794
-
-
total
-
2 794
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 801
7 164
11 329
11 798
After tax
11 199
15 836
11 671
11 202
Living cost
12 159
12 159
12 159
12 159
Free-cash
-960
3 677
-488
-957

Estimated living cost  is ₴12159 per week

₴8446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20571
-₴9314
-₴8415
-₴8014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
5 915
municipal
-
-
-
137
regional
-
-
-
221
national
-
-
-
4 054
total
-
-
-
10 327
Employee
43 571
-
23 000
-
regional
411
-
192
-
municipal
231
-
122
-
national
7 550
-
3 558
-
social contributions
14 692
-
7 755
-
total
22 884
-
11 627
-
Employer
43 571
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
municipal
-
897
-
-
nationa
-
5 520
-
-
total
-
6 417
-
-
Dividends
-
16 583
-
-
withholding
-
4 311
-
-
total
-
4 311
-
-
Income
23 000
23 000
23 000
23 000
Total tax
22 884
10 728
11 627
10 327
After tax
116
12 272
11 373
12 673
Living cost
20 687
20 687
20 687
20 687
Free-cash
-20 571
-8 415
-9 314
-8 014

Estimated living cost  is ₴20687 per week

₴14420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2122
₴1819
₴3649
₴2384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 634
income
-
-
-
3 331
surtax
-
-
-
121
pensions
-
-
-
4 600
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
9 798
Employee
16 212
-
19 001
-
unemployment
1 129
-
1 322
-
pensions
1 081
-
1 267
-
health
414
-
485
-
income
2 718
-
3 186
-
other
-
-
-
-
surtax
53
-
105
-
total
5 395
-
6 365
-
Employer
16 212
-
19 001
-
pensions
2 161
-
2 532
-
other
-
-
-
-
health
738
-
864
-
unemployment
514
-
602
-
total
3 413
-
3 998
-
Corporate
3 375
23 000
-
-
income
877
5 980
-
-
total
877
5 980
-
-
Dividends
2 498
17 020
-
-
withholding
375
2 553
-
-
total
375
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 060
8 533
10 363
9 798
After tax
12 940
14 467
12 637
13 202
Living cost
10 818
10 818
10 818
10 818
Free-cash
2 122
3 649
1 819
2 384

Estimated living cost  is ₴10818 per week

₴6615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11313
-₴6723
-₴4700
-₴4547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
income
-
-
-
4 346
pensions
-
-
-
1 269
total
-
-
-
5 615
Employee
30 439
-
20 662
-
pensions
2 584
-
1 411
-
health
442
-
241
-
income
5 482
-
3 801
-
total
8 508
-
5 453
-
Employer
30 439
-
20 662
-
pensions
3 295
-
1 946
-
health
578
-
392
-
total
3 873
-
2 338
-
Corporate
-
23 000
-
-
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.

-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
1 398
-
-
total
-
1 398
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 381
5 768
7 791
5 615
After tax
10 619
17 232
15 209
17 385
Living cost
21 932
21 932
21 932
21 932
Free-cash
-11 313
-4 700
-6 723
-4 547

Estimated living cost  is ₴21932 per week

₴16431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴26957
-₴20780
-₴28458
-₴19365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
127
pensions
-
-
-
2 116
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.

-
-
-
460
regional
-
-
-
402
city
-
-
-
241
national
-
-
-
44
total
-
-
-
3 390
Employee
45 611
-
20 452
-
unemployment
-
-
-
-
pensions
3 832
-
1 867
-
regional
1 494
-
323
-
national
216
-
29
-
health
103
-
46
-
city
490
-
218
-
total
6 135
-
2 483
-
Employer
45 611
-
20 452
-
pensions
3 832
-
1 867
-
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.

912
-
409
-
health
103
-
46
-
unemployment
-
-
-
-
total
4 847
-
2 322
-
Corporate
-
23 000
-
-
regional
-
4 864
-
-
national
-
1 955
-
-
total
-
6 819
-
-
Dividends
-
16 181
-
-
withholding
-
5 664
-
-
total
-
5 664
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 982
12 483
4 805
3 390
After tax
12 018
10 517
18 195
19 610
Living cost
38 975
38 975
38 975
38 975
Free-cash
-26 957
-28 458
-20 780
-19 365

Estimated living cost  is ₴38975 per week

₴25345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3498
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6464
-₴4523
-₴10991
-₴4558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
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.

-
-
-
3 349
trade
-
-
-
35
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.

-
-
-
1 626
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.

-
-
-
89
total
-
-
-
5 099
Employee

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

29 464
-
23 000
-
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.

3 349
-
3 349
-
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.

3 465
-
1 626
-
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.

191
-
89
-
total
7 005
-
5 064
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
income
-
3 450
-
-
chamber of commerce
-
107
-
-
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.

-
190
-
-
trade
-
3 945
-
-
total
-
7 692
-
-
Dividends
-
15 309
-
-
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.

-
200
-
-
withholding
-
3 640
-
-
total
-
3 840
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 005
11 532
5 064
5 099
After tax
15 995
11 468
17 936
17 901
Living cost
22 459
22 459
22 459
22 459
Free-cash
-6 464
-10 991
-4 523
-4 558

Estimated living cost  is ₴22459 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1797
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.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4533
-₴2550
-₴5181
-₴2873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
655
health
-
-
-
199
income
-
-
-
772
surtax
-
-
-
-
pensions
-
-
-
6 761
other
-
-
-
713
total
-
-
-
9 100
Employee
20 982
-
17 526
-
pensions
2 372
-
1 982
-
social contributions
598
-
500
-
income
1 238
-
821
-
surtax
-
-
-
-
total
4 208
-
3 303
-
Employer
20 982
-
17 526
-
pensions
3 447
-
2 879
-
other
724
-
605
-
health
1 469
-
1 227
-
unemployment
849
-
710
-
social contributions
63
-
53
-
total
6 552
-
5 474
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
surtax
-
-
-
-
social contributions
-
2 849
-
-
withholding
-
2 119
-
-
total
-
4 968
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 760
11 408
8 777
9 100
After tax
12 240
11 592
14 223
13 900
Living cost
16 773
16 773
16 773
16 773
Free-cash
-4 533
-5 181
-2 550
-2 873

Estimated living cost  is ₴16773 per week

₴10576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1579
-₴888
-₴3519
-₴1211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
655
health
-
-
-
199
income
-
-
-
772
surtax
-
-
-
-
pensions
-
-
-
6 761
other
-
-
-
713
total
-
-
-
9 100
Employee
18 730
-
17 526
-
pensions
2 118
-
1 982
-
social contributions
534
-
500
-
income
966
-
821
-
surtax
-
-
-
-
total
3 618
-
3 303
-
Employer
18 730
-
17 526
-
pensions
3 078
-
2 879
-
other
647
-
605
-
health
1 311
-
1 227
-
unemployment
758
-
710
-
social contributions
56
-
53
-
total
5 850
-
5 474
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
surtax
-
-
-
-
social contributions
-
2 849
-
-
withholding
-
2 119
-
-
total
-
4 968
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 468
11 408
8 777
9 100
After tax
13 532
11 592
14 223
13 900
Living cost
15 111
15 111
15 111
15 111
Free-cash
-1 579
-3 519
-888
-1 211

Estimated living cost  is ₴15111 per week

₴8764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3862
₴3584
₴3636
₴4374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
3 174
health
-
-
-
1 606
income
-
-
-
3 450
total
-
-
-
8 230
Employee
16 623
-
23 000
-
health
1 160
-
1 606
-
social contributions
2 294
-
3 174
-
income
2 772
-
4 240
-
total
6 226
-
9 020
-
Employer
16 623
-
23 000
-
total
-
-
-
-
Corporate
6 377
23 000
-
-
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%.

319
1 150
-
-
total
319
1 150
-
-
Dividends
6 058
21 850
-
-
health
433
1 525
-
-
social contributions
855
3 015
-
-
withholding
909
3 278
-
-
total
2 197
7 818
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 742
8 968
9 020
8 230
After tax
14 258
14 032
13 980
14 770
Living cost
10 396
10 396
10 396
10 396
Free-cash
3 862
3 636
3 584
4 374

Estimated living cost  is ₴10396 per week

₴6957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
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.
₴2558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9114
-₴8278
-₴5438
-₴4421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 759
surtax
-
-
-
97
income
-
-
-
936
chamber of commerce
-
-
-
92
pensions
-
-
-
4 255
unemployment
-
-
-
3 007
total
-
-
-
10 146
Employee
24 501
19 537
19 537
-
unemployment
735
586
530
-
pensions
2 509
2 000
1 810
-
health
948
756
684
-
income
2 789
1 441
1 526
-
other
245
195
177
-
total
7 226
4 978
4 727
-
Employer
24 501
19 537
19 537
-
chamber of commerce
98
78
78
-
pensions
3 075
2 452
2 219
-
other
1 164
928
913
-
health
926
739
668
-
unemployment
735
586
530
-
accident
318
254
230
-
surtax
97
97
97
-
payroll
735
586
586
-
total
7 148
5 720
5 321
-
Corporate
1 861
1 861
15 819
-
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.

465
465
3 955
-
total
465
465
3 955
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 839
11 163
14 003
10 146
After tax
8 161
11 837
8 997
12 854
Living cost
17 275
17 275
17 275
17 275
Free-cash
-9 114
-5 438
-8 278
-4 421

Estimated living cost  is ₴17275 per week

₴11521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22276
-₴7663
-₴4881
-₴4785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
2 183
communal

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

-
-
-
1 249
national
-
-
-
6 478
total
-
-
-
9 910
Employee

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

35 068
-
17 814
-
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.

305
-
155
-
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.

2 630
-
1 336
-
national
10 781
-
4 345
-
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.

1 648
-
837
-
communal

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

1 829
-
929
-
total
17 193
-
7 602
-
Employer

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

35 068
-
17 814
-
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.

3 107
-
1 578
-
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.

2 157
-
1 096
-
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.

512
-
260
-
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.

456
-
231
-
surtax
3 976
-
2 021
-
total
10 208
-
5 186
-
Corporate
-
23 000
-
-
income
-
4 600
-
-
surtax
-
92
-
-
total
-
4 692
-
-
Dividends
-
18 308
-
-
withholding

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

-
5 314
-
-
total
-
5 314
-
-
Income
23 000
23 000
23 000
23 000
Total tax
27 401
10 006
12 788
9 910
After tax
-4 401
12 994
10 212
13 090
Living cost
17 875
17 875
17 875
17 875
Free-cash
-22 276
-4 881
-7 663
-4 785

Estimated living cost  is ₴17875 per week

₴11514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
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.
₴4519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9182
-₴4713
-₴2149
-₴4890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
207
income
-
-
-
3 285
pensions
-
-
-
6 509
other
-
-
-
23
unemployment
-
-
-
161
total
-
-
-
10 185
Employee
24 404
-
17 441
-
unemployment
379
-
271
-
pensions
1 147
-
820
-
income
5 149
-
3 340
-
other
24
-
18
-
total
6 699
-
4 449
-
Employer
24 404
-
17 441
-
pensions
5 759
-
4 116
-
other
194
-
139
-
unemployment
1 342
-
959
-
accident
483
-
345
-
total
7 778
-
5 559
-
Corporate
-
23 000
-
-
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.

-
3 450
-
-
total
-
3 450
-
-
Dividends
-
19 550
-
-
withholding
-
3 994
-
-
total
-
3 994
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 477
7 444
10 008
10 185
After tax
8 523
15 556
12 992
12 815
Living cost
17 705
17 705
17 705
17 705
Free-cash
-9 182
-2 149
-4 713
-4 890

Estimated living cost  is ₴17705 per week

₴13038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
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.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18563
-₴11192
-₴12173
-₴11193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
210
health
-
-
-
1 749
income
-
-
-
647
surtax
-
-
-
1 211
pensions
-
-
-
3 733
communal
-
-
-
-
total
-
-
-
7 550
Employee
37 127
-
20 212
-
pensions
2 970
-
1 866
-
health
1 652
-
1 038
-
income
3 586
-
646
-
surtax
2 276
-
1 211
-
total
10 484
-
4 761
-
Employer
37 127
-
20 212
-
pensions
2 970
-
1 866
-
health
1 132
-
712
-
accident
334
-
210
-
total
4 436
-
2 788
-
Corporate
-
23 000
-
-
income
-
3 450
-
-
communal
-
1 553
-
-
surtax
-
242
-
-
total
-
5 245
-
-
Dividends
-
17 756
-
-
income
-
621
-
-
withholding
-
2 664
-
-
total
-
3 285
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 920
8 530
7 549
7 550
After tax
8 080
14 470
15 451
15 450
Living cost
26 643
26 643
26 643
26 643
Free-cash
-18 563
-12 173
-11 192
-11 193

Estimated living cost  is ₴26643 per week

₴19986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1895
₴1625
₴3455
₴2190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 634
income
-
-
-
3 331
surtax
-
-
-
121
pensions
-
-
-
4 600
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
9 798
Employee
16 510
-
19 001
-
unemployment
1 149
-
1 322
-
pensions
1 102
-
1 267
-
health
421
-
485
-
income
2 768
-
3 186
-
other
-
-
-
-
surtax
59
-
105
-
total
5 499
-
6 365
-
Employer
16 510
-
19 001
-
pensions
2 201
-
2 532
-
other
-
-
-
-
health
751
-
864
-
unemployment
524
-
602
-
total
3 476
-
3 998
-
Corporate
3 014
23 000
-
-
income
783
5 980
-
-
total
783
5 980
-
-
Dividends
2 231
17 020
-
-
withholding
335
2 553
-
-
total
335
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 093
8 533
10 363
9 798
After tax
12 907
14 467
12 637
13 202
Living cost
11 012
11 012
11 012
11 012
Free-cash
1 895
3 455
1 625
2 190

Estimated living cost  is ₴11012 per week

₴6648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4194
-₴1950
-₴1117
-₴659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
5 915
municipal
-
-
-
137
regional
-
-
-
347
national
-
-
-
4 054
total
-
-
-
10 453
Employee
27 195
-
23 000
-
regional
366
-
309
-
municipal
144
-
122
-
national
4 308
-
3 558
-
social contributions
9 170
-
7 755
-
total
13 988
-
11 744
-
Employer
27 195
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
municipal
-
1 143
-
-
nationa
-
5 520
-
-
total
-
6 663
-
-
Dividends
-
16 337
-
-
withholding
-
4 248
-
-
total
-
4 248
-
-
Income
23 000
23 000
23 000
23 000
Total tax
13 988
10 911
11 744
10 453
After tax
9 012
12 089
11 256
12 547
Living cost
13 206
13 206
13 206
13 206
Free-cash
-4 194
-1 117
-1 950
-659

Estimated living cost  is ₴13206 per week

₴8213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6524
-₴3312
₴853
-₴3781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
6 716
health
-
-
-
3 105
income
-
-
-
1 977
solidarity contribution
-
-
-
-
total
-
-
-
11 798
Employee
22 033
-
17 164
-
solidarity contribution
-
-
-
-
health
2 974
-
2 317
-
social contributions
1 432
-
1 116
-
income
2 644
-
2 060
-
total
7 050
-
5 493
-
Employer
22 033
-
17 164
-
health
1 983
-
1 545
-
social contributions
5 508
-
4 291
-
total
7 491
-
5 836
-
Corporate
-
23 000
-
-
income
-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
2 794
-
-
total
-
2 794
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 541
7 164
11 329
11 798
After tax
8 459
15 836
11 671
11 202
Living cost
14 983
14 983
14 983
14 983
Free-cash
-6 524
853
-3 312
-3 781

Estimated living cost  is ₴14983 per week

₴11142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5064
-₴6597
-₴3707
-₴2690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 759
surtax
-
-
-
-
income
-
-
-
936
chamber of commerce
-
-
-
92
pensions
-
-
-
4 255
unemployment
-
-
-
3 007
total
-
-
-
10 049
Employee
21 431
19 537
19 537
-
unemployment
643
586
533
-
pensions
2 195
2 000
1 819
-
health
829
756
688
-
income
1 909
1 441
1 522
-
other
214
195
178
-
total
5 790
4 978
4 740
-
Employer
21 431
19 537
19 537
-
chamber of commerce
86
78
78
-
pensions
2 690
2 452
2 229
-
other
1 018
928
913
-
health
810
739
672
-
unemployment
643
586
533
-
accident
278
254
231
-
surtax
-
-
-
-
payroll
643
586
586
-
total
6 168
5 623
5 242
-
Corporate
1 861
1 861
15 898
-
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.

465
465
3 974
-
total
465
465
3 974
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 423
11 066
13 956
10 049
After tax
10 577
11 934
9 044
12 951
Living cost
15 641
15 641
15 641
15 641
Free-cash
-5 064
-3 707
-6 597
-2 690

Estimated living cost  is ₴15641 per week

₴9383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14357
₴12090
₴15540
₴16460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
23 000
microenterprise

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

-
-
-
230
total
-
-
-
230
Employee
7 887
-
23 000
-
income
1 577
-
4 600
-
total
1 577
-
4 600
-
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%.

15 113
23 000
-
-
total
-
-
-
-
Dividends
15 113
23 000
-
-
withholding
756
1 150
-
-
total
756
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
2 333
1 150
4 600
230
After tax
20 667
21 850
18 400
22 770
Living cost
6 310
6 310
6 310
6 310
Free-cash
14 357
15 540
12 090
16 460

Estimated living cost  is ₴6310 per week

₴4270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2055
-₴1012
₴2685
-₴283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
health
-
-
-
2 264
income
-
-
-
3 634
pensions
-
-
-
4 201
unemployment
-
-
-
34
total
-
-
-
10 133
Employee

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

21 679
-
19 902
-
unemployment
31
-
28
-
pensions
3 360
-
3 085
-
health
1 400
-
1 286
-
income
3 739
-
3 365
-
total
8 530
-
7 764
-
Employer

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

21 679
-
19 902
-
pensions
1 918
-
1 761
-
health
1 444
-
1 325
-
unemployment
13
-
12
-
total
3 375
-
3 098
-
Corporate
-
23 000
-
-
income
-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
2 795
-
-
total
-
2 795
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 905
7 165
10 862
10 133
After tax
11 095
15 835
12 138
12 867
Living cost
13 150
13 150
13 150
13 150
Free-cash
-2 055
2 685
-1 012
-283

Estimated living cost  is ₴13150 per week

₴9024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
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.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴50332
-₴4692
-₴7228
-₴5326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
2 622
income
-
-
-
4 483
total
-
-
-
7 105
Employee
30 428
-
-
-
social contributions
2 495
-
356
-
income
6 712
-
-
-
total
9 207
-
356
-
Employer
30 428
-
-
-
social contributions
42 904
-
6 115
-
total
42 904
-
6 115
-
Corporate
-
23 000
-
-
income
-
5 060
-
-
total
-
5 060
-
-
Dividends
-
17 940
-
-
income
-
3 947
-
-
total
-
3 947
-
-
Income
23 000
23 000
23 000
23 000
Total tax
52 111
9 007
6 471
7 105
After tax
-29 111
13 993
16 529
15 895
Living cost
21 221
21 221
21 221
21 221
Free-cash
-50 332
-7 228
-4 692
-5 326

Estimated living cost  is ₴21221 per week

₴13769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4903
-₴2442
-₴2295
-₴1940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
social contributions

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

-
-
-
7 993
income
-
-
-
1 569
surtax
-
-
-
-
total
-
-
-
9 562
Employee
22 548
-
18 585
-
social contributions
2 480
-
2 044
-
income
4 690
-
3 606
-
surtax
-
-
-
-
total
7 170
-
5 650
-
Employer
22 548
-
18 585
-
social contributions
5 355
-
4 414
-
total
5 355
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 087
-
-
total
-
5 087
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 525
9 917
10 064
9 562
After tax
10 475
13 083
12 936
13 438
Living cost
15 378
15 378
15 378
15 378
Free-cash
-4 903
-2 295
-2 442
-1 940

Estimated living cost  is ₴15378 per week

₴11506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17296
-₴9456
-₴12087
-₴9779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
655
health
-
-
-
199
income
-
-
-
772
surtax
-
-
-
-
pensions
-
-
-
6 761
other
-
-
-
713
total
-
-
-
9 100
Employee
30 706
-
17 526
-
pensions
3 473
-
1 982
-
social contributions
875
-
500
-
income
2 679
-
821
-
surtax
-
-
-
-
total
7 027
-
3 303
-
Employer
30 706
-
17 526
-
pensions
5 045
-
2 879
-
other
1 060
-
605
-
health
2 149
-
1 227
-
unemployment
1 244
-
710
-
social contributions
92
-
53
-
total
9 590
-
5 474
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
surtax
-
-
-
-
social contributions
-
2 849
-
-
withholding
-
2 119
-
-
total
-
4 968
-
-
Income
23 000
23 000
23 000
23 000
Total tax
16 617
11 408
8 777
9 100
After tax
6 383
11 592
14 223
13 900
Living cost
23 679
23 679
23 679
23 679
Free-cash
-17 296
-12 087
-9 456
-9 779

Estimated living cost  is ₴23679 per week

₴16025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4317
₴3883
₴5963
₴3203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
5 060
income
-
-
-
-
total
-
-
-
5 060
Employee
15 761
-
19 914
-
social contributions
1 024
-
1 294
-
income
-
-
-
-
total
1 024
-
1 294
-
Employer
15 761
-
19 914
-
social contributions
2 443
-
3 086
-
total
2 443
-
3 086
-
Corporate
4 796
23 000
-
-
income
479
2 300
-
-
total
479
2 300
-
-
Dividends
4 317
20 700
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
3 946
2 300
4 380
5 060
After tax
19 054
20 700
18 620
17 940
Living cost
14 737
14 737
14 737
14 737
Free-cash
4 317
5 963
3 883
3 203

Estimated living cost  is ₴14737 per week

₴9529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴83749
-₴83749
-₴83749
-₴8336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
municipal
-
-
-
3 466
pensions
-
-
-
425
labour market
-
-
-
1 806
national
-
-
-
2 043
total
-
-
-
7 740
Employee
99 593
99 593
99 593
-
pensions
142
142
142
-
municipal
21 208
21 208
21 208
-
national
12 167
12 167
12 167
-
labour market
7 956
7 956
7 956
-
total
41 473
41 473
41 473
-
Employer
99 593
99 593
99 593
-
municipal
21 242
21 242
21 242
-
pensions
283
283
283
-
national
12 188
12 188
12 188
-
labour market
7 967
7 967
7 967
-
total
41 680
41 680
41 680
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
83 153
83 153
83 153
7 740
After tax
-60 153
-60 153
-60 153
15 260
Living cost
23 596
23 596
23 596
23 596
Free-cash
-83 749
-83 749
-83 749
-8 336

Estimated living cost  is ₴23596 per week

₴16149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2087
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴215
₴1395
-₴8888
₴5203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
125
health
-
-
-
1 082
income
-
-
-
3 591
pensions
-
-
-
2 064
other
-
-
-
184
total
-
-
-
7 046
Employee
16 911
-
19 106
-
pensions
1 904
-
2 151
-
health
1 936
-
2 188
-
income
2 320
-
2 621
-
total
6 160
-
6 960
-
Employer
16 911
-
19 106
-
pensions
2 750
-
3 107
-
unemployment
414
-
468
-
accident
282
-
319
-
total
3 446
-
3 894
-
Corporate
2 642
23 000
-
-
income

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

2 378
20 700
-
-
total
2 378
20 700
-
-
Dividends
264
2 300
-
-
withholding
50
437
-
-
total
50
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 034
21 137
10 854
7 046
After tax
10 966
1 863
12 146
15 954
Living cost
10 751
10 751
10 751
10 751
Free-cash
215
-8 888
1 395
5 203

Estimated living cost  is ₴10751 per week

₴7825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
-₴7660
-₴4419
-₴2906
-₴474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
23 000
health
-
-
-
150
municipal
-
-
-
4 113
national
-
-
-
389
total
-
-
-
4 652
Employee
25 793
-
19 349
-
unemployment
387
-
290
-
pensions
1 741
-
1 306
-
municipal
4 225
-
3 179
-
national
426
-
77
-
health
193
-
93
-
total
6 972
-
4 945
-
Employer
25 793
-
19 349
-
pensions
4 475
-
3 357
-
health
198
-
149
-
unemployment
167
-
126
-
accident
26
-
20
-
total
4 866
-
3 652
-
Corporate
-
23 000
-
-
income
-
4 600
-
-
total
-
4 600
-
-
Dividends

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

-
13 800
-
-
national
-
-
-
-
municipal
-
2 484
-
-
total
-
2 484
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 838
7 084
8 597
4 652
After tax
11 162
15 916
14 403
18 348
Living cost
18 822
18 822
18 822
18 822
Free-cash
-7 660
-2 906
-4 419
-474

Estimated living cost  is ₴18822 per week

₴12295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2966
₴3448
₴562
₴7338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
3 588
health
-
-
-
586
income
-
-
-
137
total
-
-
-
4 311
Employee
37 698
37 698
37 698
-
health
292
641
355
-
social contributions
1 425
3 129
1 733
-
income
4 105
3 490
3 994
-
total
5 822
7 260
6 082
-
Employer
37 698
37 698
37 698
-
health
317
698
386
-
social contributions
1 425
3 129
1 733
-
total
1 742
3 827
2 119
-
Corporate
4 085
-
-
-
income
511
-
-
-
total
511
-
-
-
Dividends
3 574
-
-
-
withholding
608
-
-
-
total
608
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 683
11 087
8 201
4 311
After tax
14 317
11 913
14 799
18 689
Living cost
11 351
11 351
11 351
11 351
Free-cash
2 966
562
3 448
7 338

Estimated living cost  is ₴11351 per week

₴6803
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
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.
₴3184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8768
₴6494
₴11262
₴8492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 000
health
-
-
-
1 774
income
-
-
-
1 817
pensions
-
-
-
3 119
unemployment
-
-
-
14
total
-
-
-
6 724
Employee

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

11 253
-
20 852
-
unemployment
56
-
104
-
pensions
1 688
-
3 128
-
health
956
-
1 772
-
income
769
-
1 570
-
total
3 469
-
6 574
-
Employer

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

11 253
-
20 852
-
pensions
619
-
1 147
-
health
484
-
897
-
unemployment
56
-
104
-
total
1 159
-
2 148
-
Corporate
10 589
23 000
-
-
income
953
2 070
-
-
total
953
2 070
-
-
Dividends
9 636
20 930
-
-
withholding
867
1 884
-
-
total
867
1 884
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 448
3 954
8 722
6 724
After tax
16 552
19 046
14 278
16 276
Living cost
7 784
7 784
7 784
7 784
Free-cash
8 768
11 262
6 494
8 492

Estimated living cost  is ₴7784 per week

₴4966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴906
-₴489
₴2075
-₴666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
207
income
-
-
-
3 285
pensions
-
-
-
6 509
other
-
-
-
23
unemployment
-
-
-
161
total
-
-
-
10 185
Employee
18 128
-
17 441
-
unemployment
281
-
271
-
pensions
852
-
820
-
income
3 495
-
3 340
-
other
18
-
18
-
total
4 646
-
4 449
-
Employer
18 128
-
17 441
-
pensions
4 278
-
4 116
-
other
145
-
139
-
unemployment
997
-
959
-
accident
359
-
345
-
total
5 779
-
5 559
-
Corporate
-
23 000
-
-
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.

-
3 450
-
-
total
-
3 450
-
-
Dividends
-
19 550
-
-
withholding
-
3 994
-
-
total
-
3 994
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 425
7 444
10 008
10 185
After tax
12 575
15 556
12 992
12 815
Living cost
13 481
13 481
13 481
13 481
Free-cash
-906
2 075
-489
-666

Estimated living cost  is ₴13481 per week

₴9100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13231
₴13353
₴13389
₴13421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
509
income
-
-
-
7 404
pensions
-
-
-
703
total
-
-
-
8 616
Employee
1 467
-
22 210
-
unemployment
15
-
35
-
pensions
132
-
316
-
health
73
-
176
-
income
284
-
7 367
-
total
504
-
7 894
-
Employer
1 467
-
22 210
-
pensions
161
-
386
-
health
139
-
334
-
unemployment
29
-
70
-
total
329
-
790
-
Corporate
21 203
23 000
-
-
income
4 665
5 060
-
-
total
4 665
5 060
-
-
Dividends
16 538
17 940
-
-
withholding
3 308
3 588
-
-
total
3 308
3 588
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 806
8 648
8 684
8 616
After tax
14 194
14 352
14 316
14 384
Living cost
963
963
963
963
Free-cash
13 231
13 389
13 353
13 421

Estimated living cost  is ₴963 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5729
₴4040
₴8141
₴3050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
health
-
-
-
2 369
income
-
-
-
2 779
pensions
-
-
-
5 980
unemployment
-
-
-
345
total
-
-
-
11 473
Employee

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

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

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

12 783
-
19 508
-
unemployment
96
-
146
-
pensions
1 790
-
2 731
-
health
658
-
1 005
-
income
1 762
-
3 109
-
total
4 306
-
6 991
-
Employer

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

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

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

12 783
-
19 508
-
pensions
1 534
-
2 341
-
health
658
-
1 005
-
unemployment
96
-
146
-
total
2 288
-
3 492
-
Corporate
7 929
23 000
-
-
income
1 189
3 450
-
-
total
1 189
3 450
-
-
Dividends
6 740
19 550
-
-
withholding
1 011
2 932
-
-
total
1 011
2 932
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 794
6 382
10 483
11 473
After tax
14 206
16 618
12 517
11 527
Living cost
8 477
8 477
8 477
8 477
Free-cash
5 729
8 141
4 040
3 050

Estimated living cost  is ₴8477 per week

₴5708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴547
-₴281
-₴134
₴221
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
social contributions

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

-
-
-
7 993
income
-
-
-
1 569
surtax
-
-
-
-
total
-
-
-
9 562
Employee
19 028
-
18 585
-
social contributions
2 093
-
2 044
-
income
3 718
-
3 606
-
surtax
-
-
-
-
total
5 811
-
5 650
-
Employer
19 028
-
18 585
-
social contributions
4 519
-
4 414
-
total
4 519
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 087
-
-
total
-
5 087
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 330
9 917
10 064
9 562
After tax
12 670
13 083
12 936
13 438
Living cost
13 217
13 217
13 217
13 217
Free-cash
-547
-134
-281
221

Estimated living cost  is ₴13217 per week

₴9361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8227
-₴4238
-₴1674
-₴4415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
207
income
-
-
-
3 285
pensions
-
-
-
6 509
other
-
-
-
23
unemployment
-
-
-
161
total
-
-
-
10 185
Employee
23 677
-
17 441
-
unemployment
367
-
271
-
pensions
1 113
-
820
-
income
4 945
-
3 340
-
other
23
-
18
-
total
6 448
-
4 449
-
Employer
23 677
-
17 441
-
pensions
5 588
-
4 116
-
other
190
-
139
-
unemployment
1 302
-
959
-
accident
469
-
345
-
total
7 549
-
5 559
-
Corporate
-
23 000
-
-
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.

-
3 450
-
-
total
-
3 450
-
-
Dividends
-
19 550
-
-
withholding
-
3 994
-
-
total
-
3 994
-
-
Income
23 000
23 000
23 000
23 000
Total tax
13 997
7 444
10 008
10 185
After tax
9 003
15 556
12 992
12 815
Living cost
17 230
17 230
17 230
17 230
Free-cash
-8 227
-1 674
-4 238
-4 415

Estimated living cost  is ₴17230 per week

₴12374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
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.
₴3274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8245
₴6766
₴11233
₴6547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 969
income
-
-
-
3 450
pensions

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

-
-
-
2 534
unemployment
-
-
-
68
total
-
-
-
8 021
Employee
11 165
-
19 641
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

980
-
1 503
-
health
514
-
788
-
income
1 117
-
1 964
-
total
2 734
-
4 443
-
Employer
11 165
-
19 641
-
pensions

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

1 230
-
1 887
-
health
770
-
1 181
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
total
2 190
-
3 359
-
Corporate
9 644
23 000
-
-
income
965
2 300
-
-
total
965
2 300
-
-
Dividends
8 680
20 700
-
-
withholding
434
1 035
-
-
total
434
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 323
3 335
7 802
8 021
After tax
16 677
19 665
15 198
14 979
Living cost
8 432
8 432
8 432
8 432
Free-cash
8 245
11 233
6 766
6 547

Estimated living cost  is ₴8432 per week

₴5577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1393
-₴991
-₴6986
-₴1021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
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.

-
-
-
3 349
trade
-
-
-
30
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.

-
-
-
1 626
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.

-
-
-
89
total
-
-
-
5 094
Employee

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

24 393
-
23 000
-
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.

3 349
-
3 349
-
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.

2 006
-
1 626
-
surtax

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

111
-
89
-
total
5 466
-
5 064
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
income
-
3 450
-
-
chamber of commerce
-
108
-
-
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.

-
190
-
-
trade
-
3 301
-
-
total
-
7 049
-
-
Dividends
-
15 952
-
-
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.

-
209
-
-
withholding
-
3 801
-
-
total
-
4 010
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 466
11 059
5 064
5 094
After tax
17 534
11 941
17 936
17 906
Living cost
18 927
18 927
18 927
18 927
Free-cash
-1 393
-6 986
-991
-1 021

Estimated living cost  is ₴18927 per week

₴13057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3560
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15349
-₴9489
-₴11827
-₴9489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
1 497
income
-
-
-
3 065
total
-
-
-
4 562
Employee
38 349
-
23 000
-
social contributions
3 186
-
1 497
-
income
7 236
-
3 065
-
total
10 422
-
4 562
-
Employer
38 349
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
income
-
2 875
-
-
total
-
2 875
-
-
Dividends
-
20 125
-
-
withholding
-
4 025
-
-
total
-
4 025
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 422
6 900
4 562
4 562
After tax
12 578
16 100
18 438
18 438
Living cost
27 927
27 927
27 927
27 927
Free-cash
-15 349
-11 827
-9 489
-9 489

Estimated living cost  is ₴27927 per week

₴21246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3205
-₴1068
-₴5088
-₴11796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
income
-
-
-
13 955
health

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

-
-
-
3 045
total
-
-
-
17 000
Employee
22 490
-
20 906
-
social contributions
2 253
-
2 094
-
income
2 440
-
2 084
-
total
4 693
-
4 178
-
Employer
22 490
-
20 906
-
social contributions
2 253
-
2 094
-
total
2 253
-
2 094
-
Corporate
-
23 000
-
-
income
-
8 050
-
-
total
-
8 050
-
-
Dividends
-
14 950
-
-
social contributions
1 463
2 242
-
-
total
1 463
2 242
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 409
10 292
6 272
17 000
After tax
14 591
12 708
16 728
6 000
Living cost
17 796
17 796
17 796
17 796
Free-cash
-3 205
-5 088
-1 068
-11 796

Estimated living cost  is ₴17796 per week

₴11722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4398
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4412
-₴2621
-₴598
-₴445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
income
-
-
-
4 346
pensions
-
-
-
1 269
total
-
-
-
5 615
Employee
24 474
-
20 662
-
pensions
1 868
-
1 411
-
health
319
-
241
-
income
4 457
-
3 801
-
total
6 644
-
5 453
-
Employer
24 474
-
20 662
-
pensions
2 473
-
1 946
-
health
465
-
392
-
total
2 938
-
2 338
-
Corporate
-
23 000
-
-
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.

-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
1 398
-
-
total
-
1 398
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 582
5 768
7 791
5 615
After tax
13 418
17 232
15 209
17 385
Living cost
17 830
17 830
17 830
17 830
Free-cash
-4 412
-598
-2 621
-445

Estimated living cost  is ₴17830 per week

₴12231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51
₴331
-₴9952
₴4139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
125
health
-
-
-
1 082
income
-
-
-
3 591
pensions
-
-
-
2 064
other
-
-
-
184
total
-
-
-
7 046
Employee
18 585
-
19 106
-
pensions
2 093
-
2 151
-
health
2 128
-
2 188
-
income
2 550
-
2 621
-
total
6 771
-
6 960
-
Employer
18 585
-
19 106
-
pensions
3 022
-
3 107
-
unemployment
455
-
468
-
accident
310
-
319
-
total
3 787
-
3 894
-
Corporate
627
23 000
-
-
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.

564
20 700
-
-
total
564
20 700
-
-
Dividends
63
2 300
-
-
withholding
12
437
-
-
total
12
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 134
21 137
10 854
7 046
After tax
11 866
1 863
12 146
15 954
Living cost
11 815
11 815
11 815
11 815
Free-cash
51
-9 952
331
4 139

Estimated living cost  is ₴11815 per week

₴8671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴10547
₴7221
₴12930
₴7221
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 000
income
-
-
-
2 834
health insurance
-
-
-
1 702
pensions
-
-
-
4 232
unemployment
-
-
-
276
work injury
-
-
-
115
total
-
-
-
9 159
Employee

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

10 592
-
23 000
-
unemployment
127
-
276
-
pensions
1 949
-
4 232
-
work injury
53
-
115
-
income
1 059
-
2 834
-
health insurance
784
-
1 702
-
total
3 972
-
9 159
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 408
23 000
-
-
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
12 408
23 000
-
-
withholding
1 861
3 450
-
-
total
1 861
3 450
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 833
3 450
9 159
9 159
After tax
17 167
19 550
13 841
13 841
Living cost
6 620
6 620
6 620
6 620
Free-cash
10 547
12 930
7 221
7 221

Estimated living cost  is ₴6620 per week

₴4101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18313
-₴8258
-₴7416
-₴6981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
5 915
municipal
-
-
-
154
regional
-
-
-
327
national
-
-
-
4 054
total
-
-
-
10 450
Employee
41 312
-
23 000
-
regional
624
-
277
-
municipal
247
-
137
-
national
6 981
-
3 558
-
social contributions
13 930
-
7 755
-
total
21 782
-
11 727
-
Employer
41 312
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
municipal
-
1 109
-
-
nationa
-
5 520
-
-
total
-
6 629
-
-
Dividends
-
16 371
-
-
withholding
-
4 256
-
-
total
-
4 256
-
-
Income
23 000
23 000
23 000
23 000
Total tax
21 782
10 885
11 727
10 450
After tax
1 218
12 115
11 273
12 550
Living cost
19 531
19 531
19 531
19 531
Free-cash
-18 313
-7 416
-8 258
-6 981

Estimated living cost  is ₴19531 per week

₴13719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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