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
₴1733
-₴4006
₴2298
₴2298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
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.

-
-
-
1 363
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.

-
-
-
3 545
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.

-
-
-
75
total
-
-
-
4 983
Employee

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

19 850
-
23 000
-
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.

31
-
75
-
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.

3 545
-
3 545
-
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.

554
-
1 363
-
total
4 130
-
4 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 150
23 000
-
-
trade
496
3 622
-
-
income
473
3 450
-
-
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.

26
190
-
-
chamber of commerce
84
112
-
-
total
1 079
7 374
-
-
Dividends
2 072
15 626
-
-
withholding
321
3 709
-
-
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.

18
204
-
-
total
339
3 913
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 548
11 287
4 983
4 983
After tax
17 452
11 713
18 017
18 017
Living cost
15 719
15 719
15 719
15 719
Free-cash
1 733
-4 006
2 298
2 298

Estimated living cost  is ₴15719 per week

₴9888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22896
-₴12792
-₴12108
-₴12288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 760
municipal
-
-
-
2 015
national
-
-
-
3 122
total
-
-
-
8 144
Employee
42 078
-
19 883
-
national
8 054
-
3 260
-
municipal
5 197
-
2 104
-
pensions
1 683
-
795
-
total
14 934
-
6 159
-
Employer
42 078
-
19 883
-
pensions
3 366
-
1 591
-
social contributions
452
-
214
-
total
3 818
-
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
18 752
8 648
7 964
8 144
After tax
4 248
14 352
15 036
14 856
Living cost
27 144
27 144
27 144
27 144
Free-cash
-22 896
-12 792
-12 108
-12 288

Estimated living cost  is ₴27144 per week

₴18450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3347
₴7603
₴2400
₴7119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 634
income
-
-
-
-
microenterprise
-
-
-
3 450
surtax
-
-
-
-
total
-
-
-
5 084
Employee
15 165
-
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.

1 668
-
2 039
-
income
2 699
-
3 299
-
total
4 367
-
5 338
-
Employer
15 165
-
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.

3 653
-
4 465
-
surtax
-
-
-
-
total
3 653
-
4 465
-
Corporate
4 183
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%.

836
4 600
-
-
total
836
4 600
-
-
Dividends

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

3 347
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 856
4 600
9 803
5 084
After tax
14 144
18 400
13 197
17 916
Living cost
10 797
10 797
10 797
10 797
Free-cash
3 347
7 603
2 400
7 119

Estimated living cost  is ₴10797 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1028
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.
₴2635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28534
-₴25621
-₴28534
-₴8522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 112
pensions
-
-
-
4 139
health
-
-
-
3 531
total
-
-
-
9 782
Employee
44 318
44 318
44 318
-
health
6 802
5 786
6 802
-
pensions
7 977
6 080
7 977
-
income

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

7 254
7 254
7 254
-
total
22 033
19 120
22 033
-
Employer
44 318
44 318
44 318
-
pensions
3 085
3 085
3 085
-
unemployment
1 595
1 595
1 595
-
health
3 081
3 081
3 081
-
total
7 761
7 761
7 761
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
29 794
26 881
29 794
9 782
After tax
-6 794
-3 881
-6 794
13 218
Living cost
21 740
21 740
21 740
21 740
Free-cash
-28 534
-25 621
-28 534
-8 522

Estimated living cost  is ₴21740 per week

₴15407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18358
-₴9528
-₴9804
-₴10621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 673
unemployment
-
-
-
23
pensions
-
-
-
2 486
municipal
-
-
-
4 872
accident
-
-
-
46
national
-
-
-
-
health
-
-
-
1 435
total
-
-
-
11 535
Employee
31 470
-
17 501
-
national
-
-
-
-
municipal
9 384
-
5 219
-
total
9 384
-
5 219
-
Employer
31 470
-
17 501
-
other
3 657
-
2 034
-
accident
63
-
35
-
pensions
3 402
-
1 892
-
unemployment
831
-
462
-
health
1 935
-
1 076
-
total
9 888
-
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
19 272
10 442
10 718
11 535
After tax
3 728
12 558
12 282
11 465
Living cost
22 086
22 086
22 086
22 086
Free-cash
-18 358
-9 528
-9 804
-10 621

Estimated living cost  is ₴22086 per week

₴14637
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3317
-₴8794
-₴2370
-₴2370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
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.

-
-
-
1 363
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.

-
-
-
3 545
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.

-
-
-
75
total
-
-
-
4 983
Employee

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

26 318
-
23 000
-
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.

124
-
75
-
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.

3 545
-
3 545
-
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.

2 261
-
1 363
-
total
5 930
-
4 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
trade
-
3 784
-
-
income
-
3 450
-
-
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
-
-
chamber of commerce
-
111
-
-
total
-
7 535
-
-
Dividends
-
15 465
-
-
withholding
-
3 670
-
-
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.

-
202
-
-
total
-
3 872
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 930
11 407
4 983
4 983
After tax
17 070
11 593
18 017
18 017
Living cost
20 387
20 387
20 387
20 387
Free-cash
-3 317
-8 794
-2 370
-2 370

Estimated living cost  is ₴20387 per week

₴13635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2730
-₴5569
-₴2304
₴1992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
health
-
-
-
587
total
-
-
-
4 175
Employee
39 906
39 906
39 906
-
health
397
679
355
-
social contributions
1 939
3 312
1 733
-
income
4 190
3 694
4 264
-
total
6 526
7 685
6 352
-
Employer
39 906
39 906
39 906
-
social contributions
1 939
3 312
1 733
-
health
432
739
386
-
total
2 371
4 051
2 119
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 897
11 736
8 471
4 175
After tax
14 103
11 264
14 529
18 825
Living cost
16 833
16 833
16 833
16 833
Free-cash
-2 730
-5 569
-2 304
1 992

Estimated living cost  is ₴16833 per week

₴11507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3543
₴3341
₴3604
₴6204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
345
income
-
-
-
2 812
pensions
-
-
-
2 300
health
-
-
-
1 610
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.

14 044
5 589
19 247
-
unemployment
211
84
289
-
health
983
391
1 347
-
pensions
1 404
559
1 925
-
income
1 717
683
2 353
-
total
4 315
1 717
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.

14 044
5 589
19 247
-
pensions
2 738
1 090
3 753
-
total
2 738
1 090
3 753
-
Corporate
6 218
16 321
-
-
income
560
1 469
-
-
total
560
1 469
-
-
Dividends
5 658
14 852
-
-
withholding
1 075
2 822
-
-
social contributions
1 040
2 832
-
-
total
2 115
5 654
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 728
9 930
9 667
7 067
After tax
13 272
13 070
13 333
15 933
Living cost
9 729
9 729
9 729
9 729
Free-cash
3 543
3 341
3 604
6 204

Estimated living cost  is ₴9729 per week

₴6639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴796
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2642
₴5865
₴1637
₴838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 037
pensions
-
-
-
4 600
health
-
-
-
2 990
total
-
-
-
9 627
Employee
14 722
-
17 189
-
unemployment
235
-
275
-
pensions
294
-
344
-
income
1 657
-
2 398
-
total
2 186
-
3 017
-
Employer
14 722
-
17 189
-
pensions
2 945
-
3 438
-
unemployment
118
-
138
-
health
1 914
-
2 235
-
total
4 977
-
5 811
-
Corporate
3 301
23 000
-
-
income
660
4 600
-
-
total
660
4 600
-
-
Dividends
2 641
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 823
4 600
8 828
9 627
After tax
15 177
18 400
14 172
13 373
Living cost
12 535
12 535
12 535
12 535
Free-cash
2 642
5 865
1 637
838

Estimated living cost  is ₴12535 per week

₴8598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2939
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74
-₴9801
₴482
₴4217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
196
income
-
-
-
3 427
pensions
-
-
-
2 206
accident
-
-
-
134
health
-
-
-
1 156
total
-
-
-
7 119
Employee
18 348
-
19 106
-
health
2 101
-
2 188
-
pensions
2 066
-
2 151
-
income
2 517
-
2 621
-
total
6 684
-
6 960
-
Employer
18 348
-
19 106
-
accident
306
-
319
-
pensions
2 983
-
3 107
-
unemployment
450
-
468
-
total
3 739
-
3 894
-
Corporate
913
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.

822
20 700
-
-
total
822
20 700
-
-
Dividends
91
2 300
-
-
withholding
17
437
-
-
total
17
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 262
21 137
10 854
7 119
After tax
11 738
1 863
12 146
15 881
Living cost
11 664
11 664
11 664
11 664
Free-cash
74
-9 801
482
4 217

Estimated living cost  is ₴11664 per week

₴8549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴646
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.
₴2226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16876
₴17661
₴14211
₴18581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 236
-
23 000
-
income
1 047
-
4 600
-
total
1 047
-
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%.

17 764
23 000
-
-
total
-
-
-
-
Dividends
17 764
23 000
-
-
withholding
888
1 150
-
-
total
888
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
1 935
1 150
4 600
230
After tax
21 065
21 850
18 400
22 770
Living cost
4 189
4 189
4 189
4 189
Free-cash
16 876
17 661
14 211
18 581

Estimated living cost  is ₴4189 per week

₴2596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴348
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴115
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴592
₴3070
-₴347
-₴1373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1 092
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
health
-
-
-
1 012
total
-
-
-
10 545
Employee
18 843
-
18 370
-
unemployment
188
-
184
-
health
264
-
257
-
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.

1 319
-
1 286
-
income
3 244
-
3 162
-
total
5 015
-
4 889
-
Employer
18 843
-
18 370
-
other
942
-
919
-
accident
151
-
147
-
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.

3 204
-
3 123
-
unemployment
188
-
184
-
health
264
-
257
-
total
4 749
-
4 630
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
1 272
-
-
total
-
1 272
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 764
6 102
9 519
10 545
After tax
13 236
16 898
13 481
12 455
Living cost
13 828
13 828
13 828
13 828
Free-cash
-592
3 070
-347
-1 373

Estimated living cost  is ₴13828 per week

₴9771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴934
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.
₴2901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32491
-₴17260
-₴19170
-₴17060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 358
pensions
-
-
-
1 209
total
-
-
-
5 567
Employee
48 803
-
20 719
-
health
804
-
228
-
pensions
4 708
-
1 338
-
income
8 797
-
3 830
-
total
14 309
-
5 396
-
Employer
48 803
-
20 719
-
pensions
5 762
-
1 887
-
health
927
-
394
-
total
6 689
-
2 281
-
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
-
1 397
-
-
total
-
1 397
-
-
Income
23 000
23 000
23 000
23 000
Total tax
20 998
5 767
7 677
5 567
After tax
2 002
17 233
15 323
17 433
Living cost
34 494
34 494
34 494
34 494
Free-cash
-32 491
-17 260
-19 170
-17 060

Estimated living cost  is ₴34494 per week

₴25847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10625
₴12989
₴8307
₴8126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
71
income
-
-
-
3 450
pensions

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

-
-
-
2 632
health
-
-
-
2 045
total
-
-
-
8 198
Employee
8 839
-
19 511
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
health
407
-
818
-
pensions

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

776
-
1 562
-
income
884
-
1 951
-
total
2 164
-
4 527
-
Employer
8 839
-
19 511
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

974
-
1 960
-
unemployment
53
-
107
-
health
610
-
1 227
-
total
1 734
-
3 490
-
Corporate
12 426
23 000
-
-
income
1 242
2 300
-
-
total
1 242
2 300
-
-
Dividends
11 184
20 700
-
-
withholding
559
1 035
-
-
total
559
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 699
3 335
8 017
8 198
After tax
17 301
19 665
14 983
14 802
Living cost
6 676
6 676
6 676
6 676
Free-cash
10 625
12 989
8 307
8 126

Estimated living cost  is ₴6676 per week

₴3897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴33539
-₴32659
-₴35572
-₴15560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 112
pensions
-
-
-
4 139
health
-
-
-
3 531
total
-
-
-
9 782
Employee
48 115
44 318
44 318
-
health
6 003
5 786
6 802
-
pensions
6 080
6 080
7 977
-
income

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

7 254
7 254
7 254
-
total
19 337
19 120
22 033
-
Employer
48 115
44 318
44 318
-
pensions
3 348
3 085
3 085
-
unemployment
1 732
1 595
1 595
-
health
3 344
3 081
3 081
-
total
8 424
7 761
7 761
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
27 761
26 881
29 794
9 782
After tax
-4 761
-3 881
-6 794
13 218
Living cost
28 778
28 778
28 778
28 778
Free-cash
-33 539
-32 659
-35 572
-15 560

Estimated living cost  is ₴28778 per week

₴21228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2374
₴2958
-₴1206
-₴1675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 977
health
-
-
-
3 105
solidarity contribution
-
-
-
-
total
-
-
-
11 798
Employee
18 936
-
17 164
-
solidarity contribution
-
-
-
-
health
2 556
-
2 317
-
social contributions
1 231
-
1 116
-
income
2 272
-
2 060
-
total
6 059
-
5 493
-
Employer
18 936
-
17 164
-
social contributions
4 734
-
4 291
-
health
1 704
-
1 545
-
total
6 438
-
5 836
-
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
12 497
7 165
11 329
11 798
After tax
10 503
15 835
11 671
11 202
Living cost
12 877
12 877
12 877
12 877
Free-cash
-2 374
2 958
-1 206
-1 675

Estimated living cost  is ₴12877 per week

₴8944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23123
-₴9628
-₴10492
-₴9192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
218
social contributions
-
-
-
5 916
municipal
-
-
-
137
national
-
-
-
4 022
total
-
-
-
10 293
Employee
46 123
-
23 000
-
national
7 992
-
3 525
-
regional
435
-
190
-
municipal
244
-
122
-
social contributions
15 553
-
7 756
-
total
24 224
-
11 593
-
Employer
46 123
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
nationa
-
5 520
-
-
municipal
-
897
-
-
total
-
6 417
-
-
Dividends
-
16 583
-
-
withholding
-
4 312
-
-
total
-
4 312
-
-
Income
23 000
23 000
23 000
23 000
Total tax
24 224
10 729
11 593
10 293
After tax
-1 224
12 271
11 407
12 707
Living cost
21 899
21 899
21 899
21 899
Free-cash
-23 123
-9 628
-10 492
-9 192

Estimated living cost  is ₴21899 per week

₴15265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴336
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4861
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1399
₴3015
₴1196
₴1761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
unemployment
-
-
-
118
income
-
-
-
3 330
pensions
-
-
-
4 600
health
-
-
-
1 633
surtax
-
-
-
106
total
-
-
-
9 787
Employee
17 162
-
19 000
-
surtax
56
-
91
-
unemployment
1 195
-
1 323
-
other
-
-
-
-
health
438
-
485
-
pensions
1 144
-
1 267
-
income
2 877
-
3 185
-
total
5 710
-
6 351
-
Employer
17 162
-
19 000
-
other
-
-
-
-
pensions
2 288
-
2 533
-
unemployment
544
-
603
-
health
781
-
865
-
total
3 613
-
4 001
-
Corporate
2 226
23 000
-
-
income
579
5 980
-
-
total
579
5 980
-
-
Dividends
1 647
17 020
-
-
withholding
247
2 553
-
-
total
247
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 149
8 533
10 352
9 787
After tax
12 851
14 467
12 648
13 213
Living cost
11 452
11 452
11 452
11 452
Free-cash
1 399
3 015
1 196
1 761

Estimated living cost  is ₴11452 per week

₴7002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13868
-₴6332
-₴8242
-₴6132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 358
pensions
-
-
-
1 209
total
-
-
-
5 567
Employee
32 707
-
20 719
-
health
475
-
228
-
pensions
2 776
-
1 338
-
income
5 891
-
3 830
-
total
9 142
-
5 396
-
Employer
32 707
-
20 719
-
pensions
3 540
-
1 887
-
health
621
-
394
-
total
4 161
-
2 281
-
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
-
1 397
-
-
total
-
1 397
-
-
Income
23 000
23 000
23 000
23 000
Total tax
13 303
5 767
7 677
5 567
After tax
9 697
17 233
15 323
17 433
Living cost
23 565
23 565
23 565
23 565
Free-cash
-13 868
-6 332
-8 242
-6 132

Estimated living cost  is ₴23565 per week

₴17655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴30605
-₴31303
-₴23700
-₴22184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
city
-
-
-
242
regional
-
-
-
373
pensions
-
-
-
2 116
national
-
-
-
37
health
-
-
-
136
total
-
-
-
3 364
Employee
48 941
-
20 394
-
national
232
-
20
-
unemployment
-
-
-
-
city
525
-
217
-
regional
1 603
-
289
-
health
111
-
46
-
pensions
4 112
-
1 927
-
total
6 583
-
2 499
-
Employer
48 941
-
20 394
-
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.

979
-
408
-
pensions
4 112
-
1 927
-
unemployment
-
-
-
-
health
111
-
46
-
total
5 202
-
2 381
-
Corporate
-
23 000
-
-
regional
-
4 865
-
-
national
-
1 955
-
-
total
-
6 820
-
-
Dividends
-
16 181
-
-
withholding
-
5 663
-
-
total
-
5 663
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 785
12 483
4 880
3 364
After tax
11 215
10 517
18 120
19 636
Living cost
41 820
41 820
41 820
41 820
Free-cash
-30 605
-31 303
-23 700
-22 184

Estimated living cost  is ₴41820 per week

₴27195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8189
-₴12298
-₴5757
-₴5757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
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.

-
-
-
1 363
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.

-
-
-
3 545
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.

-
-
-
75
total
-
-
-
4 983
Employee

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

31 189
-
23 000
-
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.

202
-
75
-
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.

3 545
-
3 545
-
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.

3 668
-
1 363
-
total
7 415
-
4 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
trade
-
3 944
-
-
income
-
3 450
-
-
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
-
-
chamber of commerce
-
111
-
-
total
-
7 695
-
-
Dividends
-
15 304
-
-
withholding
-
3 629
-
-
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
-
-
total
-
3 829
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 415
11 524
4 983
4 983
After tax
15 585
11 476
18 017
18 017
Living cost
23 774
23 774
23 774
23 774
Free-cash
-8 189
-12 298
-5 757
-5 757

Estimated living cost  is ₴23774 per week

₴17364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6147
-₴6163
-₴3456
-₴3820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
713
social contributions
-
-
-
656
income
-
-
-
689
pensions
-
-
-
6 806
health
-
-
-
200
surtax
-
-
-
-
total
-
-
-
9 064
Employee
22 211
-
17 526
-
surtax
-
-
-
-
pensions
2 511
-
1 982
-
social contributions
633
-
499
-
income
1 311
-
745
-
total
4 455
-
3 226
-
Employer
22 211
-
17 526
-
other
766
-
605
-
pensions
3 649
-
2 880
-
unemployment
899
-
710
-
social contributions
67
-
52
-
health
1 555
-
1 227
-
total
6 936
-
5 474
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
withholding
-
2 119
-
-
social contributions
-
2 848
-
-
surtax
-
-
-
-
total
-
4 967
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 391
11 407
8 700
9 064
After tax
11 609
11 593
14 300
13 936
Living cost
17 756
17 756
17 756
17 756
Free-cash
-6 147
-6 163
-3 456
-3 820

Estimated living cost  is ₴17756 per week

₴11196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1444
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3017
-₴4403
-₴1696
-₴2060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
713
social contributions
-
-
-
656
income
-
-
-
689
pensions
-
-
-
6 806
health
-
-
-
200
surtax
-
-
-
-
total
-
-
-
9 064
Employee
19 827
-
17 526
-
surtax
-
-
-
-
pensions
2 242
-
1 982
-
social contributions
565
-
499
-
income
1 022
-
745
-
total
3 829
-
3 226
-
Employer
19 827
-
17 526
-
other
684
-
605
-
pensions
3 258
-
2 880
-
unemployment
803
-
710
-
social contributions
59
-
52
-
health
1 388
-
1 227
-
total
6 192
-
5 474
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
withholding
-
2 119
-
-
social contributions
-
2 848
-
-
surtax
-
-
-
-
total
-
4 967
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 021
11 407
8 700
9 064
After tax
12 979
11 593
14 300
13 936
Living cost
15 996
15 996
15 996
15 996
Free-cash
-3 017
-4 403
-1 696
-2 060

Estimated living cost  is ₴15996 per week

₴9277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3000
₴3025
₴3038
₴3766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 450
health
-
-
-
1 605
total
-
-
-
8 229
Employee
17 596
-
23 000
-
health
1 228
-
1 605
-
social contributions
2 429
-
3 174
-
income
2 935
-
4 178
-
total
6 592
-
8 957
-
Employer
17 596
-
23 000
-
total
-
-
-
-
Corporate
5 404
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%.

270
1 150
-
-
total
270
1 150
-
-
Dividends
5 134
21 850
-
-
health
458
1 526
-
-
withholding
770
3 278
-
-
social contributions
905
3 016
-
-
total
2 133
7 820
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 995
8 970
8 957
8 229
After tax
14 005
14 030
14 043
14 771
Living cost
11 005
11 005
11 005
11 005
Free-cash
3 000
3 025
3 038
3 766

Estimated living cost  is ₴11005 per week

₴7365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10993
-₴7103
-₴9441
-₴5421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
92
unemployment
-
-
-
3 183
income
-
-
-
743
pensions
-
-
-
4 255
health
-
-
-
1 760
surtax
-
-
-
102
total
-
-
-
10 135
Employee
25 936
20 682
20 682
-
unemployment
778
620
528
-
other
259
207
176
-
health
1 004
801
682
-
pensions
2 656
2 117
1 803
-
income
2 953
1 526
1 664
-
total
7 650
5 271
4 853
-
Employer
25 936
20 682
20 682
-
payroll
778
620
620
-
other
1 232
982
956
-
accident
337
269
228
-
pensions
3 255
2 596
2 210
-
unemployment
778
620
528
-
chamber of commerce
103
83
83
-
surtax
102
102
102
-
health
980
782
666
-
total
7 565
6 054
5 393
-
Corporate
1 970
1 970
15 636
-
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.

492
492
3 909
-
total
492
492
3 909
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 707
11 817
14 155
10 135
After tax
7 293
11 183
8 845
12 865
Living cost
18 286
18 286
18 286
18 286
Free-cash
-10 993
-7 103
-9 441
-5 421

Estimated living cost  is ₴18286 per week

₴12196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
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.
₴4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24928
-₴5917
-₴8602
-₴5640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 028
national
-
-
-
6 431
communal

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

-
-
-
1 259
total
-
-
-
9 718
Employee

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

37 122
-
17 814
-
national
11 413
-
4 237
-
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.

323
-
155
-
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.

1 744
-
837
-
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.

2 784
-
1 336
-
communal

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

1 936
-
929
-
total
18 200
-
7 494
-
Employer

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

37 122
-
17 814
-
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.

483
-
231
-
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.

3 289
-
1 579
-
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.

542
-
260
-
surtax
4 209
-
2 021
-
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.

2 283
-
1 095
-
total
10 806
-
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.

-
5 303
-
-
total
-
5 303
-
-
Income
23 000
23 000
23 000
23 000
Total tax
29 006
9 995
12 680
9 718
After tax
-6 006
13 005
10 320
13 282
Living cost
18 922
18 922
18 922
18 922
Free-cash
-24 928
-5 917
-8 602
-5 640

Estimated living cost  is ₴18922 per week

₴12188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1655
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11068
-₴3180
-₴5716
-₴5893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
23
unemployment
-
-
-
161
income
-
-
-
3 251
pensions
-
-
-
6 509
accident
-
-
-
207
total
-
-
-
10 151
Employee
25 833
-
17 441
-
unemployment
401
-
270
-
other
26
-
18
-
pensions
1 214
-
819
-
income
5 451
-
3 307
-
total
7 092
-
4 414
-
Employer
25 833
-
17 441
-
other
206
-
139
-
accident
511
-
346
-
pensions
6 096
-
4 116
-
unemployment
1 421
-
959
-
total
8 234
-
5 560
-
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
-
3 988
-
-
total
-
3 988
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 326
7 438
9 974
10 151
After tax
7 674
15 562
13 026
12 849
Living cost
18 742
18 742
18 742
18 742
Free-cash
-11 068
-3 180
-5 716
-5 893

Estimated living cost  is ₴18742 per week

₴13802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1330
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.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴20998
-₴13731
-₴12954
-₴12953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
536
pensions
-
-
-
3 951
accident
-
-
-
223
communal
-
-
-
-
health
-
-
-
1 851
surtax
-
-
-
1 189
total
-
-
-
7 750
Employee
39 301
-
20 048
-
surtax
2 409
-
1 188
-
health
1 749
-
1 099
-
pensions
3 144
-
1 976
-
income
3 796
-
536
-
total
11 098
-
4 799
-
Employer
39 301
-
20 048
-
accident
354
-
223
-
pensions
3 144
-
1 976
-
health
1 199
-
753
-
total
4 697
-
2 952
-
Corporate
-
23 000
-
-
income
-
3 450
-
-
communal
-
1 552
-
-
surtax
-
241
-
-
total
-
5 243
-
-
Dividends
-
17 757
-
-
withholding
-
2 664
-
-
income
-
621
-
-
total
-
3 285
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 795
8 528
7 751
7 750
After tax
7 205
14 472
15 249
15 250
Living cost
28 203
28 203
28 203
28 203
Free-cash
-20 998
-13 731
-12 954
-12 953

Estimated living cost  is ₴28203 per week

₴21156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1159
₴2810
₴991
₴1556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
-
unemployment
-
-
-
118
income
-
-
-
3 330
pensions
-
-
-
4 600
health
-
-
-
1 633
surtax
-
-
-
106
total
-
-
-
9 787
Employee
17 477
-
19 000
-
surtax
62
-
91
-
unemployment
1 216
-
1 323
-
other
-
-
-
-
health
446
-
485
-
pensions
1 166
-
1 267
-
income
2 930
-
3 185
-
total
5 820
-
6 351
-
Employer
17 477
-
19 000
-
other
-
-
-
-
pensions
2 330
-
2 533
-
unemployment
554
-
603
-
health
795
-
865
-
total
3 679
-
4 001
-
Corporate
1 844
23 000
-
-
income
480
5 980
-
-
total
480
5 980
-
-
Dividends
1 364
17 020
-
-
withholding
205
2 553
-
-
total
205
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 184
8 533
10 352
9 787
After tax
12 816
14 467
12 648
13 213
Living cost
11 657
11 657
11 657
11 657
Free-cash
1 159
2 810
991
1 556

Estimated living cost  is ₴11657 per week

₴7038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5790
-₴1891
-₴2693
-₴1402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
347
social contributions
-
-
-
5 916
municipal
-
-
-
137
national
-
-
-
4 022
total
-
-
-
10 422
Employee
28 788
-
23 000
-
national
4 561
-
3 525
-
regional
388
-
310
-
municipal
153
-
122
-
social contributions
9 708
-
7 756
-
total
14 810
-
11 713
-
Employer
28 788
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
nationa
-
5 520
-
-
municipal
-
1 143
-
-
total
-
6 663
-
-
Dividends
-
16 337
-
-
withholding
-
4 248
-
-
total
-
4 248
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 810
10 911
11 713
10 422
After tax
8 190
12 089
11 287
12 578
Living cost
13 980
13 980
13 980
13 980
Free-cash
-5 790
-1 891
-2 693
-1 402

Estimated living cost  is ₴13980 per week

₴8694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
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.
₴3630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8269
-₴33
-₴4197
-₴4666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 977
health
-
-
-
3 105
solidarity contribution
-
-
-
-
total
-
-
-
11 798
Employee
23 335
-
17 164
-
solidarity contribution
-
-
-
-
health
3 150
-
2 317
-
social contributions
1 517
-
1 116
-
income
2 800
-
2 060
-
total
7 467
-
5 493
-
Employer
23 335
-
17 164
-
social contributions
5 834
-
4 291
-
health
2 100
-
1 545
-
total
7 934
-
5 836
-
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
15 401
7 165
11 329
11 798
After tax
7 599
15 835
11 671
11 202
Living cost
15 868
15 868
15 868
15 868
Free-cash
-8 269
-33
-4 197
-4 666

Estimated living cost  is ₴15868 per week

₴11800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6707
-₴5272
-₴7661
-₴3590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
92
unemployment
-
-
-
3 183
income
-
-
-
743
pensions
-
-
-
4 255
health
-
-
-
1 760
surtax
-
-
-
-
total
-
-
-
10 033
Employee
22 686
20 682
20 682
-
unemployment
681
620
531
-
other
227
207
177
-
health
877
801
684
-
pensions
2 323
2 117
1 811
-
income
2 021
1 526
1 661
-
total
6 129
5 271
4 864
-
Employer
22 686
20 682
20 682
-
payroll
681
620
620
-
other
1 077
982
957
-
accident
294
269
230
-
pensions
2 847
2 596
2 220
-
unemployment
681
620
531
-
chamber of commerce
91
83
83
-
surtax
-
-
-
-
health
858
782
669
-
total
6 529
5 952
5 310
-
Corporate
1 970
1 970
15 720
-
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.

492
492
3 930
-
total
492
492
3 930
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
13 150
11 715
14 104
10 033
After tax
9 850
11 285
8 896
12 967
Living cost
16 557
16 557
16 557
16 557
Free-cash
-6 707
-5 272
-7 661
-3 590

Estimated living cost  is ₴16557 per week

₴9932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1691
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.
₴4639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14099
₴15323
₴11873
₴16243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 159
-
23 000
-
income
1 632
-
4 600
-
total
1 632
-
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%.

14 841
23 000
-
-
total
-
-
-
-
Dividends
14 841
23 000
-
-
withholding
742
1 150
-
-
total
742
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
2 374
1 150
4 600
230
After tax
20 626
21 850
18 400
22 770
Living cost
6 527
6 527
6 527
6 527
Free-cash
14 099
15 323
11 873
16 243

Estimated living cost  is ₴6527 per week

₴4417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴274
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3521
₴1915
-₴1734
-₴1003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
34
income
-
-
-
3 586
pensions
-
-
-
4 200
health
-
-
-
2 263
total
-
-
-
10 083
Employee

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

22 949
-
19 902
-
unemployment
32
-
28
-
health
1 482
-
1 285
-
pensions
3 557
-
3 085
-
income
3 957
-
3 317
-
total
9 028
-
7 715
-
Employer

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

22 949
-
19 902
-
pensions
2 031
-
1 761
-
unemployment
14
-
12
-
health
1 528
-
1 326
-
total
3 573
-
3 099
-
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
12 601
7 165
10 814
10 083
After tax
10 399
15 835
12 186
12 917
Living cost
13 920
13 920
13 920
13 920
Free-cash
-3 521
1 915
-1 734
-1 003

Estimated living cost  is ₴13920 per week

₴9553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴892
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.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-₴56493
-₴9011
-₴7017
-₴7109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
32 985
-
-
-
social contributions
2 705
-
385
-
income
7 276
-
-
-
total
9 981
-
385
-
Employer
32 985
-
-
-
social contributions
46 508
-
6 628
-
total
46 508
-
6 628
-
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
56 489
9 007
7 013
7 105
After tax
-33 489
13 993
15 987
15 895
Living cost
23 004
23 004
23 004
23 004
Free-cash
-56 493
-9 011
-7 017
-7 109

Estimated living cost  is ₴23004 per week

₴14926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6538
-₴3196
-₴3278
-₴2807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 536
surtax
-
-
-
-
total
-
-
-
9 529
Employee
23 869
-
18 586
-
surtax
-
-
-
-
social contributions
2 626
-
2 045
-
income
4 965
-
3 541
-
total
7 591
-
5 586
-
Employer
23 869
-
18 586
-
social contributions
5 669
-
4 414
-
total
5 669
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 088
-
-
total
-
5 088
-
-
Income
23 000
23 000
23 000
23 000
Total tax
13 260
9 918
10 000
9 529
After tax
9 740
13 082
13 000
13 471
Living cost
16 278
16 278
16 278
16 278
Free-cash
-6 538
-3 196
-3 278
-2 807

Estimated living cost  is ₴16278 per week

₴12180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19655
-₴13472
-₴10765
-₴11129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
713
social contributions
-
-
-
656
income
-
-
-
689
pensions
-
-
-
6 806
health
-
-
-
200
surtax
-
-
-
-
total
-
-
-
9 064
Employee
32 504
-
17 526
-
surtax
-
-
-
-
pensions
3 676
-
1 982
-
social contributions
926
-
499
-
income
2 836
-
745
-
total
7 438
-
3 226
-
Employer
32 504
-
17 526
-
other
1 122
-
605
-
pensions
5 341
-
2 880
-
unemployment
1 317
-
710
-
social contributions
97
-
52
-
health
2 275
-
1 227
-
total
10 152
-
5 474
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
withholding
-
2 119
-
-
social contributions
-
2 848
-
-
surtax
-
-
-
-
total
-
4 967
-
-
Income
23 000
23 000
23 000
23 000
Total tax
17 590
11 407
8 700
9 064
After tax
5 410
11 593
14 300
13 936
Living cost
25 065
25 065
25 065
25 065
Free-cash
-19 655
-13 472
-10 765
-11 129

Estimated living cost  is ₴25065 per week

₴16964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2050
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3357
₴5100
₴3019
₴2341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
social contributions
-
-
-
5 059
total
-
-
-
5 059
Employee
16 684
-
19 914
-
social contributions
1 084
-
1 295
-
income
-
-
-
-
total
1 084
-
1 295
-
Employer
16 684
-
19 914
-
social contributions
2 586
-
3 086
-
total
2 586
-
3 086
-
Corporate
3 730
23 000
-
-
income
373
2 300
-
-
total
373
2 300
-
-
Dividends
3 356
20 700
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
4 043
2 300
4 381
5 059
After tax
18 957
20 700
18 619
17 941
Living cost
15 600
15 600
15 600
15 600
Free-cash
3 357
5 100
3 019
2 341

Estimated living cost  is ₴15600 per week

₴10087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴89973
-₴89973
-₴89973
-₴9606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
449
municipal
-
-
-
3 381
labour market
-
-
-
1 804
national
-
-
-
2 000
total
-
-
-
7 634
Employee
105 399
105 399
105 399
-
national
12 876
12 876
12 876
-
municipal
22 444
22 444
22 444
-
labour market
8 420
8 420
8 420
-
pensions
150
150
150
-
total
43 890
43 890
43 890
-
Employer
105 399
105 399
105 399
-
municipal
22 480
22 480
22 480
-
pensions
300
300
300
-
national
12 899
12 899
12 899
-
labour market
8 432
8 432
8 432
-
total
44 111
44 111
44 111
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
88 001
88 001
88 001
7 634
After tax
-65 001
-65 001
-65 001
15 366
Living cost
24 972
24 972
24 972
24 972
Free-cash
-89 973
-89 973
-89 973
-9 606

Estimated living cost  is ₴24972 per week

₴17091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2209
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴384
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴99
-₴9629
₴654
₴4389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
196
income
-
-
-
3 427
pensions
-
-
-
2 206
accident
-
-
-
134
health
-
-
-
1 156
total
-
-
-
7 119
Employee
18 077
-
19 106
-
health
2 070
-
2 188
-
pensions
2 036
-
2 151
-
income
2 480
-
2 621
-
total
6 586
-
6 960
-
Employer
18 077
-
19 106
-
accident
302
-
319
-
pensions
2 939
-
3 107
-
unemployment
443
-
468
-
total
3 684
-
3 894
-
Corporate
1 238
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.

1 115
20 700
-
-
total
1 115
20 700
-
-
Dividends
124
2 300
-
-
withholding
24
437
-
-
total
24
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 409
21 137
10 854
7 119
After tax
11 591
1 863
12 146
15 881
Living cost
11 492
11 492
11 492
11 492
Free-cash
99
-9 629
654
4 389

Estimated living cost  is ₴11492 per week

₴8365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴655
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2256
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9457
-₴4009
-₴5458
-₴1511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
4 116
national
-
-
-
332
health
-
-
-
138
total
-
-
-
4 586
Employee
27 304
-
19 348
-
national
451
-
21
-
unemployment
410
-
291
-
health
204
-
82
-
municipal
4 472
-
3 181
-
pensions
1 843
-
1 306
-
total
7 380
-
4 881
-
Employer
27 304
-
19 348
-
accident
28
-
20
-
pensions
4 737
-
3 357
-
unemployment
177
-
126
-
health
210
-
149
-
total
5 152
-
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
-
-
municipal
-
2 484
-
-
national
-
-
-
-
total
-
2 484
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 532
7 084
8 533
4 586
After tax
10 468
15 916
14 467
18 414
Living cost
19 925
19 925
19 925
19 925
Free-cash
-9 457
-4 009
-5 458
-1 511

Estimated living cost  is ₴19925 per week

₴13015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1916
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.
₴4677
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2161
-₴752
₴2513
₴6809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
health
-
-
-
587
total
-
-
-
4 175
Employee
39 906
39 906
39 906
-
health
309
679
355
-
social contributions
1 509
3 312
1 733
-
income
4 345
3 694
4 264
-
total
6 163
7 685
6 352
-
Employer
39 906
39 906
39 906
-
social contributions
1 509
3 312
1 733
-
health
336
739
386
-
total
1 845
4 051
2 119
-
Corporate
2 977
-
-
-
income
372
-
-
-
total
372
-
-
-
Dividends
2 604
-
-
-
withholding
443
-
-
-
total
443
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 823
11 736
8 471
4 175
After tax
14 177
11 264
14 529
18 825
Living cost
12 016
12 016
12 016
12 016
Free-cash
2 161
-752
2 513
6 809

Estimated living cost  is ₴12016 per week

₴7201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8168
₴10806
₴6048
₴7791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
income
-
-
-
1 775
pensions
-
-
-
3 301
health
-
-
-
1 878
total
-
-
-
6 969
Employee

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

11 912
-
20 852
-
unemployment
59
-
104
-
health
1 012
-
1 773
-
pensions
1 786
-
3 128
-
income
814
-
1 560
-
total
3 671
-
6 565
-
Employer

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

11 912
-
20 852
-
pensions
655
-
1 147
-
unemployment
59
-
104
-
health
512
-
896
-
total
1 226
-
2 147
-
Corporate
9 862
23 000
-
-
income
887
2 070
-
-
total
887
2 070
-
-
Dividends
8 974
20 930
-
-
withholding
808
1 884
-
-
total
808
1 884
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 592
3 954
8 712
6 969
After tax
16 408
19 046
14 288
16 031
Living cost
8 240
8 240
8 240
8 240
Free-cash
8 168
10 806
6 048
7 791

Estimated living cost  is ₴8240 per week

₴5257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴594
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.
₴2143
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2307
₴1291
-₴1245
-₴1422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
23
unemployment
-
-
-
161
income
-
-
-
3 251
pensions
-
-
-
6 509
accident
-
-
-
207
total
-
-
-
10 151
Employee
19 189
-
17 441
-
unemployment
297
-
270
-
other
19
-
18
-
pensions
902
-
819
-
income
3 700
-
3 307
-
total
4 918
-
4 414
-
Employer
19 189
-
17 441
-
other
154
-
139
-
accident
380
-
346
-
pensions
4 528
-
4 116
-
unemployment
1 056
-
959
-
total
6 118
-
5 560
-
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
-
3 988
-
-
total
-
3 988
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 036
7 438
9 974
10 151
After tax
11 964
15 562
13 026
12 849
Living cost
14 271
14 271
14 271
14 271
Free-cash
-2 307
1 291
-1 245
-1 422

Estimated living cost  is ₴14271 per week

₴9633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13240
₴13397
₴13366
₴13434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 409
pensions
-
-
-
697
health
-
-
-
505
total
-
-
-
8 611
Employee
1 455
-
22 216
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
7 373
-
total
500
-
7 895
-
Employer
1 455
-
22 216
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
331
-
total
327
-
784
-
Corporate
21 218
23 000
-
-
income
4 668
5 060
-
-
total
4 668
5 060
-
-
Dividends
16 550
17 940
-
-
withholding
3 310
3 588
-
-
total
3 310
3 588
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 805
8 648
8 679
8 611
After tax
14 195
14 352
14 321
14 389
Living cost
955
955
955
955
Free-cash
13 240
13 397
13 366
13 434

Estimated living cost  is ₴955 per week

₴568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5111
₴7659
₴3605
₴2615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
345
income
-
-
-
2 733
pensions
-
-
-
5 980
health
-
-
-
2 369
total
-
-
-
11 427
Employee

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

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

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

13 509
-
19 508
-
unemployment
101
-
146
-
health
696
-
1 005
-
pensions
1 891
-
2 731
-
income
1 862
-
3 063
-
total
4 550
-
6 945
-
Employer

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

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

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

13 509
-
19 508
-
pensions
1 621
-
2 341
-
unemployment
101
-
146
-
health
696
-
1 005
-
total
2 418
-
3 492
-
Corporate
7 073
23 000
-
-
income
1 061
3 450
-
-
total
1 061
3 450
-
-
Dividends
6 012
19 550
-
-
withholding
902
2 933
-
-
total
902
2 933
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 931
6 383
10 437
11 427
After tax
14 069
16 617
12 563
11 573
Living cost
8 958
8 958
8 958
8 958
Free-cash
5 111
7 659
3 605
2 615

Estimated living cost  is ₴8958 per week

₴6032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴693
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.
₴1975
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1926
-₴909
-₴991
-₴520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 536
surtax
-
-
-
-
total
-
-
-
9 529
Employee
20 142
-
18 586
-
surtax
-
-
-
-
social contributions
2 216
-
2 045
-
income
3 936
-
3 541
-
total
6 152
-
5 586
-
Employer
20 142
-
18 586
-
social contributions
4 783
-
4 414
-
total
4 783
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 088
-
-
total
-
5 088
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 935
9 918
10 000
9 529
After tax
12 065
13 082
13 000
13 471
Living cost
13 991
13 991
13 991
13 991
Free-cash
-1 926
-909
-991
-520

Estimated living cost  is ₴13991 per week

₴9909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-₴10056
-₴2677
-₴5213
-₴5390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
23
unemployment
-
-
-
161
income
-
-
-
3 251
pensions
-
-
-
6 509
accident
-
-
-
207
total
-
-
-
10 151
Employee
25 064
-
17 441
-
unemployment
388
-
270
-
other
25
-
18
-
pensions
1 178
-
819
-
income
5 235
-
3 307
-
total
6 826
-
4 414
-
Employer
25 064
-
17 441
-
other
201
-
139
-
accident
496
-
346
-
pensions
5 915
-
4 116
-
unemployment
1 379
-
959
-
total
7 991
-
5 560
-
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
-
3 988
-
-
total
-
3 988
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 817
7 438
9 974
10 151
After tax
8 183
15 562
13 026
12 849
Living cost
18 239
18 239
18 239
18 239
Free-cash
-10 056
-2 677
-5 213
-5 390

Estimated living cost  is ₴18239 per week

₴13098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
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.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7804
₴10906
₴6224
₴6043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
71
income
-
-
-
3 450
pensions

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

-
-
-
2 632
health
-
-
-
2 045
total
-
-
-
8 198
Employee
11 598
-
19 511
-
accident

We are using the highest rate at 1.1%.

127
-
196
-
health
534
-
818
-
pensions

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

1 018
-
1 562
-
income
1 160
-
1 951
-
total
2 839
-
4 527
-
Employer
11 598
-
19 511
-
accident

We are using the highest rate at 1.1%.

127
-
196
-
pensions

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

1 278
-
1 960
-
unemployment
70
-
107
-
health
800
-
1 227
-
total
2 275
-
3 490
-
Corporate
9 127
23 000
-
-
income
912
2 300
-
-
total
912
2 300
-
-
Dividends
8 214
20 700
-
-
withholding
411
1 035
-
-
total
411
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 437
3 335
8 017
8 198
After tax
16 563
19 665
14 983
14 802
Living cost
8 759
8 759
8 759
8 759
Free-cash
7 804
10 906
6 224
6 043

Estimated living cost  is ₴8759 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2256
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2821
-₴8087
-₴2019
-₴2019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
-
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.

-
-
-
1 363
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.

-
-
-
3 545
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.

-
-
-
75
total
-
-
-
4 983
Employee

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

25 822
-
23 000
-
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
-
75
-
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.

3 545
-
3 545
-
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.

2 123
-
1 363
-
total
5 785
-
4 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
trade
-
3 300
-
-
income
-
3 450
-
-
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
-
-
chamber of commerce
-
112
-
-
total
-
7 052
-
-
Dividends
-
15 948
-
-
withholding
-
3 790
-
-
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
-
-
total
-
3 999
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 785
11 051
4 983
4 983
After tax
17 215
11 949
18 017
18 017
Living cost
20 036
20 036
20 036
20 036
Free-cash
-2 821
-8 087
-2 019
-2 019

Estimated living cost  is ₴20036 per week

₴13821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2156
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17596
-₴13463
-₴10975
-₴10975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 437
income
-
-
-
2 975
total
-
-
-
4 412
Employee
40 595
-
23 000
-
social contributions
3 373
-
1 437
-
income
7 660
-
2 975
-
total
11 033
-
4 412
-
Employer
40 595
-
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
11 033
6 900
4 412
4 412
After tax
11 967
16 100
18 588
18 588
Living cost
29 563
29 563
29 563
29 563
Free-cash
-17 596
-13 463
-10 975
-10 975

Estimated living cost  is ₴29563 per week

₴22491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4741
-₴6131
-₴1959
-₴13733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 121
income
-
-
-
14 773
total
-
-
-
17 894
Employee
23 807
-
20 905
-
social contributions
2 385
-
2 095
-
income
2 583
-
1 930
-
total
4 968
-
4 025
-
Employer
23 807
-
20 905
-
social contributions
2 385
-
2 095
-
total
2 385
-
2 095
-
Corporate
-
23 000
-
-
income
-
8 050
-
-
total
-
8 050
-
-
Dividends
-
14 950
-
-
social contributions
1 549
2 242
-
-
total
1 549
2 242
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 902
10 292
6 120
17 894
After tax
14 098
12 708
16 880
5 106
Living cost
18 839
18 839
18 839
18 839
Free-cash
-4 741
-6 131
-1 959
-13 733

Estimated living cost  is ₴18839 per week

₴12409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6454
-₴1925
-₴3835
-₴1725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 358
pensions
-
-
-
1 209
total
-
-
-
5 567
Employee
26 297
-
20 719
-
health
343
-
228
-
pensions
2 007
-
1 338
-
income
4 789
-
3 830
-
total
7 139
-
5 396
-
Employer
26 297
-
20 719
-
pensions
2 657
-
1 887
-
health
500
-
394
-
total
3 157
-
2 281
-
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
-
1 397
-
-
total
-
1 397
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 296
5 767
7 677
5 567
After tax
12 704
17 233
15 323
17 433
Living cost
19 158
19 158
19 158
19 158
Free-cash
-6 454
-1 925
-3 835
-1 725

Estimated living cost  is ₴19158 per week

₴13142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1762
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4013
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴917
-₴10767
-₴484
₴3251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
196
income
-
-
-
3 427
pensions
-
-
-
2 206
accident
-
-
-
134
health
-
-
-
1 156
total
-
-
-
7 119
Employee
19 867
-
19 106
-
health
2 275
-
2 188
-
pensions
2 237
-
2 151
-
income
2 726
-
2 621
-
total
7 238
-
6 960
-
Employer
19 867
-
19 106
-
accident
332
-
319
-
pensions
3 230
-
3 107
-
unemployment
487
-
468
-
total
4 049
-
3 894
-
Corporate
-
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.

-
20 700
-
-
total
-
20 700
-
-
Dividends
-
2 300
-
-
withholding
-
437
-
-
total
-
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 287
21 137
10 854
7 119
After tax
11 713
1 863
12 146
15 881
Living cost
12 630
12 630
12 630
12 630
Free-cash
-917
-10 767
-484
3 251

Estimated living cost  is ₴12630 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10031
₴12551
₴6917
₴6917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
276
income
-
-
-
2 759
pensions
-
-
-
4 232
health insurance
-
-
-
1 702
work injury
-
-
-
115
total
-
-
-
9 084
Employee

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

11 199
-
23 000
-
health insurance
829
-
1 702
-
unemployment
134
-
276
-
work injury
56
-
115
-
pensions
2 061
-
4 232
-
income
1 120
-
2 759
-
total
4 200
-
9 084
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 801
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
11 801
23 000
-
-
withholding
1 770
3 450
-
-
total
1 770
3 450
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 970
3 450
9 084
9 084
After tax
17 030
19 550
13 916
13 916
Living cost
6 999
6 999
6 999
6 999
Free-cash
10 031
12 551
6 917
6 917

Estimated living cost  is ₴6999 per week

₴4336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₴20731
-₴8559
-₴9360
-₴8085
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
319
social contributions
-
-
-
5 916
municipal
-
-
-
154
national
-
-
-
4 022
total
-
-
-
10 411
Employee
43 732
-
23 000
-
national
7 390
-
3 525
-
regional
660
-
268
-
municipal
261
-
137
-
social contributions
14 746
-
7 756
-
total
23 057
-
11 686
-
Employer
43 732
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
nationa
-
5 520
-
-
municipal
-
1 109
-
-
total
-
6 629
-
-
Dividends
-
16 371
-
-
withholding
-
4 256
-
-
total
-
4 256
-
-
Income
23 000
23 000
23 000
23 000
Total tax
23 057
10 885
11 686
10 411
After tax
-57
12 115
11 314
12 589
Living cost
20 674
20 674
20 674
20 674
Free-cash
-20 731
-8 559
-9 360
-8 085

Estimated living cost  is ₴20674 per week

₴14522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
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.
₴4417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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