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
-₴4168
₴2148
₴1630
₴2148
S + D Salary + Dividends

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

Dividends

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

Salary

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

-
-
-
73
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.

-
-
-
1 314
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.

-
-
-
3 582
total
-
-
-
4 969
Employee

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

20 057
-
23 000
-
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.

560
-
1 314
-
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
-
73
-
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.

3 582
-
3 582
-
total
4 173
-
4 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 943
23 000
-
-
income
442
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.

24
190
-
-
trade
464
3 622
-
-
chamber of commerce
84
112
-
-
total
1 014
7 374
-
-
Dividends
1 930
15 625
-
-
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.

16
204
-
-
withholding
284
3 707
-
-
total
300
3 911
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 487
11 285
4 969
4 969
After tax
17 513
11 715
18 031
18 031
Living cost
15 883
15 883
15 883
15 883
Free-cash
1 630
-4 168
2 148
2 148

Estimated living cost  is ₴15883 per week

₴9991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13305
-₴12588
-₴23765
-₴12768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 002
national
-
-
-
3 102
total
-
-
-
8 111
Employee
42 873
-
19 883
-
pensions
1 715
-
795
-
national
8 206
-
3 240
-
municipal
5 296
-
2 091
-
total
15 217
-
6 126
-
Employer
42 873
-
19 883
-
social contributions
461
-
214
-
pensions
3 430
-
1 591
-
total
3 891
-
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
19 108
8 648
7 931
8 111
After tax
3 892
14 352
15 069
14 889
Living cost
27 657
27 657
27 657
27 657
Free-cash
-23 765
-13 305
-12 588
-12 768

Estimated living cost  is ₴27657 per week

₴18798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7490
₴2287
₴3188
₴6989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
microenterprise
-
-
-
3 450
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.

-
-
-
1 651
income
-
-
-
-
total
-
-
-
5 101
Employee
15 323
-
18 535
-
income
2 728
-
3 299
-
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.

1 686
-
2 039
-
total
4 414
-
5 338
-
Employer
15 323
-
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.

3 691
-
4 465
-
surtax
-
-
-
-
total
3 691
-
4 465
-
Corporate
3 986
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%.

797
4 600
-
-
total
797
4 600
-
-
Dividends

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

3 189
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 902
4 600
9 803
5 101
After tax
14 098
18 400
13 197
17 899
Living cost
10 910
10 910
10 910
10 910
Free-cash
3 188
7 490
2 287
6 989

Estimated living cost  is ₴10910 per week

₴6960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1039
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.
₴2663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26129
-₴29073
-₴29073
-₴8746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
3 530
pensions
-
-
-
4 140
income
-
-
-
2 109
total
-
-
-
9 779
Employee
44 781
44 781
44 781
-
pensions
8 061
6 144
8 061
-
income

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

7 330
7 330
7 330
-
health
6 873
5 846
6 873
-
total
22 264
19 320
22 264
-
Employer
44 781
44 781
44 781
-
unemployment
1 612
1 612
1 612
-
health
3 113
3 113
3 113
-
pensions
3 117
3 117
3 117
-
total
7 842
7 842
7 842
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
30 106
27 162
30 106
9 779
After tax
-7 106
-4 162
-7 106
13 221
Living cost
21 967
21 967
21 967
21 967
Free-cash
-29 073
-26 129
-29 073
-8 746

Estimated living cost  is ₴21967 per week

₴15568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9150
-₴9426
-₴17651
-₴10243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 435
accident
-
-
-
46
unemployment
-
-
-
23
pensions
-
-
-
2 486
municipal
-
-
-
4 872
other
-
-
-
2 673
national
-
-
-
-
total
-
-
-
11 535
Employee
30 932
-
17 501
-
national
-
-
-
-
municipal
9 224
-
5 219
-
total
9 224
-
5 219
-
Employer
30 932
-
17 501
-
other
3 594
-
2 034
-
unemployment
817
-
462
-
health
1 902
-
1 076
-
accident
62
-
35
-
pensions
3 344
-
1 892
-
total
9 719
-
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
18 943
10 442
10 718
11 535
After tax
4 057
12 558
12 282
11 465
Living cost
21 708
21 708
21 708
21 708
Free-cash
-17 651
-9 150
-9 426
-10 243

Estimated living cost  is ₴21708 per week

₴14387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2130
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.
₴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 Stockholm model

Close
Hamburg , Germany
-₴9004
-₴2569
-₴3592
-₴2569
S + D Salary + Dividends

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

Dividends

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

Salary

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

-
-
-
73
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.

-
-
-
1 314
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.

-
-
-
3 582
total
-
-
-
4 969
Employee

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

26 593
-
23 000
-
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.

2 285
-
1 314
-
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.

125
-
73
-
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.

3 582
-
3 582
-
total
5 992
-
4 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
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
-
-
trade
-
3 783
-
-
chamber of commerce
-
112
-
-
total
-
7 535
-
-
Dividends
-
15 464
-
-
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
-
-
withholding
-
3 667
-
-
total
-
3 869
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 992
11 404
4 969
4 969
After tax
17 008
11 596
18 031
18 031
Living cost
20 600
20 600
20 600
20 600
Free-cash
-3 592
-9 004
-2 569
-2 569

Estimated living cost  is ₴20600 per week

₴13778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5868
-₴2533
-₴2999
₴1817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
586
total
-
-
-
4 174
Employee
40 323
40 323
40 323
-
income
4 234
3 733
4 315
-
social contributions
1 959
3 347
1 734
-
health
401
686
355
-
total
6 594
7 766
6 404
-
Employer
40 323
40 323
40 323
-
social contributions
1 959
3 347
1 734
-
health
437
746
386
-
total
2 396
4 093
2 120
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 990
11 859
8 524
4 174
After tax
14 010
11 141
14 476
18 826
Living cost
17 009
17 009
17 009
17 009
Free-cash
-2 999
-5 868
-2 533
1 817

Estimated living cost  is ₴17009 per week

₴11627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1328
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Limassol model

Close
Budapest , Hungary
₴2496
₴2742
₴2717
₴5342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 610
unemployment
-
-
-
345
pensions
-
-
-
2 300
income
-
-
-
2 812
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.

15 289
6 085
19 247
-
pensions
1 529
608
1 925
-
income
1 869
744
2 353
-
unemployment
229
91
289
-
health
1 070
426
1 347
-
total
4 697
1 869
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.

15 289
6 085
19 247
-
pensions
2 981
1 186
3 753
-
total
2 981
1 186
3 753
-
Corporate
4 730
15 729
-
-
income
426
1 416
-
-
total
426
1 416
-
-
Dividends
4 304
14 313
-
-
social contributions
770
2 722
-
-
withholding
818
2 720
-
-
total
1 588
5 442
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 692
9 913
9 667
7 067
After tax
13 308
13 087
13 333
15 933
Living cost
10 591
10 591
10 591
10 591
Free-cash
2 717
2 496
2 742
5 342

Estimated living cost  is ₴10591 per week

₴7228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5734
₴1537
₴2476
₴737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 600
income
-
-
-
2 007
health
-
-
-
2 990
total
-
-
-
9 597
Employee
14 876
-
17 189
-
pensions
298
-
343
-
income
1 675
-
2 369
-
unemployment
238
-
275
-
total
2 211
-
2 987
-
Employer
14 876
-
17 189
-
unemployment
119
-
137
-
health
1 934
-
2 235
-
pensions
2 975
-
3 438
-
total
5 028
-
5 810
-
Corporate
3 095
23 000
-
-
income
619
4 600
-
-
total
619
4 600
-
-
Dividends
2 477
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 858
4 600
8 797
9 597
After tax
15 142
18 400
14 203
13 403
Living cost
12 666
12 666
12 666
12 666
Free-cash
2 476
5 734
1 537
737

Estimated living cost  is ₴12666 per week

₴8687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9868
₴415
₴63
₴4131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 163
accident
-
-
-
135
pensions
-
-
-
2 219
other
-
-
-
198
income
-
-
-
3 423
total
-
-
-
7 138
Employee
18 453
-
19 106
-
pensions
2 078
-
2 151
-
income
2 532
-
2 621
-
health
2 113
-
2 188
-
total
6 723
-
6 960
-
Employer
18 453
-
19 106
-
unemployment
452
-
468
-
accident
308
-
319
-
pensions
3 001
-
3 107
-
total
3 761
-
3 894
-
Corporate
786
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.

707
20 700
-
-
total
707
20 700
-
-
Dividends
79
2 300
-
-
withholding
15
437
-
-
total
15
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 206
21 137
10 854
7 138
After tax
11 794
1 863
12 146
15 862
Living cost
11 731
11 731
11 731
11 731
Free-cash
63
-9 868
415
4 131

Estimated living cost  is ₴11731 per week

₴8598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴650
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.
₴2239
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17562
₴14112
₴16758
₴18482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 359
-
23 000
-
income
1 072
-
4 600
-
total
1 072
-
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%.

17 641
23 000
-
-
total
-
-
-
-
Dividends
17 641
23 000
-
-
withholding
882
1 150
-
-
total
882
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
1 954
1 150
4 600
230
After tax
21 046
21 850
18 400
22 770
Living cost
4 288
4 288
4 288
4 288
Free-cash
16 758
17 562
14 112
18 482

Estimated living cost  is ₴4288 per week

₴2657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴118
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2925
-₴493
-₴838
-₴1520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 012
pensions

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

-
-
-
5 520
other
-
-
-
1 093
income
-
-
-
2 922
total
-
-
-
10 547
Employee
19 040
-
18 371
-
pensions

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

1 332
-
1 286
-
income
3 278
-
3 163
-
unemployment
190
-
184
-
health
267
-
257
-
total
5 067
-
4 890
-
Employer
19 040
-
18 371
-
other
952
-
919
-
unemployment
190
-
184
-
health
267
-
257
-
accident
152
-
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.

3 237
-
3 123
-
total
4 798
-
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
9 865
6 102
9 520
10 547
After tax
13 135
16 898
13 480
12 453
Living cost
13 973
13 973
13 973
13 973
Free-cash
-838
2 925
-493
-1 520

Estimated living cost  is ₴13973 per week

₴9873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17717
-₴19607
-₴33227
-₴17508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 197
income
-
-
-
4 361
total
-
-
-
5 558
Employee
49 449
-
20 730
-
pensions
4 770
-
1 325
-
income
8 914
-
3 836
-
health
815
-
227
-
total
14 499
-
5 388
-
Employer
49 449
-
20 730
-
health
939
-
394
-
pensions
5 839
-
1 875
-
total
6 778
-
2 269
-
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
21 277
5 767
7 657
5 558
After tax
1 723
17 233
15 343
17 442
Living cost
34 950
34 950
34 950
34 950
Free-cash
-33 227
-17 717
-19 607
-17 508

Estimated living cost  is ₴34950 per week

₴26189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4106
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12823
₴7998
₴10399
₴7841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
2 096
unemployment
-
-
-
73
pensions

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

-
-
-
2 698
income
-
-
-
3 450
total
-
-
-
8 317
Employee
9 060
-
19 424
-
pensions

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

795
-
1 601
-
income
906
-
1 942
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
health
417
-
839
-
total
2 218
-
4 583
-
Employer
9 060
-
19 424
-
unemployment
54
-
109
-
health
625
-
1 258
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
pensions

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

999
-
2 009
-
total
1 778
-
3 577
-
Corporate
12 162
23 000
-
-
income
1 216
2 300
-
-
total
1 216
2 300
-
-
Dividends
10 946
20 700
-
-
withholding
547
1 035
-
-
total
547
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 759
3 335
8 160
8 317
After tax
17 241
19 665
14 840
14 683
Living cost
6 842
6 842
6 842
6 842
Free-cash
10 399
12 823
7 998
7 841

Estimated living cost  is ₴6842 per week

₴3995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴33240
-₴36184
-₴34128
-₴15857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
3 530
pensions
-
-
-
4 140
income
-
-
-
2 109
total
-
-
-
9 779
Employee
48 618
44 781
44 781
-
pensions
6 144
6 144
8 061
-
income

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

7 330
7 330
7 330
-
health
6 065
5 846
6 873
-
total
19 539
19 320
22 264
-
Employer
48 618
44 781
44 781
-
unemployment
1 750
1 612
1 612
-
health
3 378
3 113
3 113
-
pensions
3 383
3 117
3 117
-
total
8 511
7 842
7 842
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
28 050
27 162
30 106
9 779
After tax
-5 050
-4 162
-7 106
13 221
Living cost
29 078
29 078
29 078
29 078
Free-cash
-34 128
-33 240
-36 184
-15 857

Estimated living cost  is ₴29078 per week

₴21450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2797
-₴1368
-₴2695
-₴1837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
6 716
income
-
-
-
1 977
health
-
-
-
3 105
total
-
-
-
11 798
Employee
19 174
-
17 164
-
income
2 301
-
2 060
-
solidarity contribution
-
-
-
-
social contributions
1 246
-
1 116
-
health
2 589
-
2 317
-
total
6 136
-
5 493
-
Employer
19 174
-
17 164
-
social contributions
4 794
-
4 291
-
health
1 726
-
1 545
-
total
6 520
-
5 836
-
Corporate
-
23 000
-
-
income
-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
2 794
-
-
total
-
2 794
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 656
7 164
11 329
11 798
After tax
10 344
15 836
11 671
11 202
Living cost
13 039
13 039
13 039
13 039
Free-cash
-2 695
2 797
-1 368
-1 837

Estimated living cost  is ₴13039 per week

₴9057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-₴9856
-₴10713
-₴23604
-₴9411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
217
social contributions
-
-
-
5 916
municipal
-
-
-
136
national
-
-
-
4 015
total
-
-
-
10 284
Employee
46 605
-
23 000
-
regional
440
-
189
-
national
8 075
-
3 519
-
municipal
247
-
122
-
social contributions
15 715
-
7 756
-
total
24 477
-
11 586
-
Employer
46 605
-
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
24 477
10 729
11 586
10 284
After tax
-1 477
12 271
11 414
12 716
Living cost
22 127
22 127
22 127
22 127
Free-cash
-23 604
-9 856
-10 713
-9 411

Estimated living cost  is ₴22127 per week

₴15424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2895
₴1079
₴1263
₴1643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
103
health
-
-
-
1 633
unemployment
-
-
-
119
pensions
-
-
-
4 600
other
-
-
-
-
income
-
-
-
3 330
total
-
-
-
9 785
Employee
17 341
-
19 001
-
pensions
1 156
-
1 268
-
income
2 907
-
3 185
-
surtax
57
-
88
-
unemployment
1 207
-
1 323
-
other
-
-
-
-
health
443
-
485
-
total
5 770
-
6 349
-
Employer
17 341
-
19 001
-
other
-
-
-
-
unemployment
549
-
602
-
health
789
-
865
-
pensions
2 312
-
2 533
-
total
3 650
-
4 000
-
Corporate
2 009
23 000
-
-
income
522
5 980
-
-
total
522
5 980
-
-
Dividends
1 486
17 020
-
-
withholding
223
2 553
-
-
total
223
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 165
8 533
10 349
9 785
After tax
12 835
14 467
12 651
13 215
Living cost
11 572
11 572
11 572
11 572
Free-cash
1 263
2 895
1 079
1 643

Estimated living cost  is ₴11572 per week

₴7075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6644
-₴8534
-₴14357
-₴6435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 197
income
-
-
-
4 361
total
-
-
-
5 558
Employee
33 139
-
20 730
-
pensions
2 813
-
1 325
-
income
5 969
-
3 836
-
health
481
-
227
-
total
9 263
-
5 388
-
Employer
33 139
-
20 730
-
health
630
-
394
-
pensions
3 587
-
1 875
-
total
4 217
-
2 269
-
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
13 480
5 767
7 657
5 558
After tax
9 520
17 233
15 343
17 442
Living cost
23 877
23 877
23 877
23 877
Free-cash
-14 357
-6 644
-8 534
-6 435

Estimated living cost  is ₴23877 per week

₴17888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1790
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.
₴3949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴31845
-₴24257
-₴31297
-₴22720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
242
health
-
-
-
138
regional
-
-
-
367
pensions
-
-
-
2 116
other

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

-
-
-
460
national
-
-
-
35
total
-
-
-
3 358
Employee
49 575
-
20 383
-
pensions
4 165
-
1 939
-
regional
1 623
-
282
-
unemployment
-
-
-
-
national
235
-
18
-
city
532
-
217
-
health
112
-
46
-
total
6 667
-
2 502
-
Employer
49 575
-
20 383
-
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.

991
-
408
-
unemployment
-
-
-
-
health
112
-
46
-
pensions
4 165
-
1 939
-
total
5 268
-
2 393
-
Corporate
-
23 000
-
-
national
-
1 955
-
-
regional
-
4 865
-
-
total
-
6 820
-
-
Dividends
-
16 180
-
-
withholding
-
5 663
-
-
total
-
5 663
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 935
12 483
4 895
3 358
After tax
11 065
10 517
18 105
19 642
Living cost
42 362
42 362
42 362
42 362
Free-cash
-31 297
-31 845
-24 257
-22 720

Estimated living cost  is ₴42362 per week

₴27548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴12545
-₴5992
-₴8515
-₴5992
S + D Salary + Dividends

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

Dividends

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

Salary

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

-
-
-
73
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.

-
-
-
1 314
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.

-
-
-
3 582
total
-
-
-
4 969
Employee

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

31 515
-
23 000
-
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.

3 706
-
1 314
-
surtax

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

204
-
73
-
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.

3 582
-
3 582
-
total
7 492
-
4 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
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
-
-
trade
-
3 945
-
-
chamber of commerce
-
112
-
-
total
-
7 697
-
-
Dividends
-
15 303
-
-
surtax

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

-
199
-
-
withholding
-
3 626
-
-
total
-
3 825
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 492
11 522
4 969
4 969
After tax
15 508
11 478
18 031
18 031
Living cost
24 023
24 023
24 023
24 023
Free-cash
-8 515
-12 545
-5 992
-5 992

Estimated living cost  is ₴24023 per week

₴17545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1922
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.
₴4244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6349
-₴3627
-₴6453
-₴3998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
199
social contributions
-
-
-
656
pensions
-
-
-
6 814
other
-
-
-
713
income
-
-
-
675
total
-
-
-
9 057
Employee
22 443
-
17 526
-
pensions
2 538
-
1 981
-
income
1 325
-
730
-
surtax
-
-
-
-
social contributions
640
-
500
-
total
4 503
-
3 211
-
Employer
22 443
-
17 526
-
other
774
-
605
-
social contributions
68
-
53
-
unemployment
909
-
710
-
health
1 571
-
1 227
-
pensions
3 687
-
2 880
-
total
7 009
-
5 475
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
social contributions
-
2 848
-
-
surtax
-
-
-
-
withholding
-
2 120
-
-
total
-
4 968
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 512
11 408
8 686
9 057
After tax
11 488
11 592
14 314
13 943
Living cost
17 941
17 941
17 941
17 941
Free-cash
-6 453
-6 349
-3 627
-3 998

Estimated living cost  is ₴17941 per week

₴11313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4572
-₴1850
-₴3291
-₴2221
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
199
social contributions
-
-
-
656
pensions
-
-
-
6 814
other
-
-
-
713
income
-
-
-
675
total
-
-
-
9 057
Employee
20 034
-
17 526
-
pensions
2 266
-
1 981
-
income
1 033
-
730
-
surtax
-
-
-
-
social contributions
571
-
500
-
total
3 870
-
3 211
-
Employer
20 034
-
17 526
-
other
692
-
605
-
social contributions
60
-
53
-
unemployment
811
-
710
-
health
1 402
-
1 227
-
pensions
3 292
-
2 880
-
total
6 257
-
5 475
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
social contributions
-
2 848
-
-
surtax
-
-
-
-
withholding
-
2 120
-
-
total
-
4 968
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 127
11 408
8 686
9 057
After tax
12 873
11 592
14 314
13 943
Living cost
16 164
16 164
16 164
16 164
Free-cash
-3 291
-4 572
-1 850
-2 221

Estimated living cost  is ₴16164 per week

₴9374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2912
₴2934
₴2837
₴3651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 780
-
23 000
-
income
2 965
-
4 167
-
social contributions
2 454
-
3 174
-
health
1 241
-
1 605
-
total
6 660
-
8 946
-
Employer
17 780
-
23 000
-
total
-
-
-
-
Corporate
5 220
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%.

261
1 150
-
-
total
261
1 150
-
-
Dividends
4 959
21 850
-
-
social contributions
915
3 015
-
-
withholding
744
3 277
-
-
health
463
1 526
-
-
total
2 122
7 818
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 043
8 968
8 946
8 229
After tax
13 957
14 032
14 054
14 771
Living cost
11 120
11 120
11 120
11 120
Free-cash
2 837
2 912
2 934
3 651

Estimated living cost  is ₴11120 per week

₴7442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7419
-₴9662
-₴11347
-₴5608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
103
health
-
-
-
1 759
unemployment
-
-
-
3 216
pensions
-
-
-
4 255
chamber of commerce
-
-
-
92
income
-
-
-
706
total
-
-
-
10 131
Employee
26 207
20 898
20 898
-
pensions
2 684
2 140
1 801
-
income
2 983
1 541
1 692
-
unemployment
786
627
527
-
other
262
209
176
-
health
1 014
809
681
-
total
7 729
5 326
4 877
-
Employer
26 207
20 898
20 898
-
other
1 245
992
964
-
payroll
786
627
627
-
unemployment
786
627
527
-
health
990
790
665
-
accident
340
272
229
-
chamber of commerce
104
84
84
-
surtax
103
103
103
-
pensions
3 289
2 623
2 208
-
total
7 643
6 118
5 407
-
Corporate
1 990
1 990
15 602
-
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.

498
498
3 901
-
total
498
498
3 901
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 870
11 942
14 185
10 131
After tax
7 130
11 058
8 815
12 869
Living cost
18 477
18 477
18 477
18 477
Free-cash
-11 347
-7 419
-9 662
-5 608

Estimated living cost  is ₴18477 per week

₴12324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1576
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.
₴4274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6113
-₴8780
-₴25428
-₴5801
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
1 260
social contributions
-
-
-
1 998
national
-
-
-
6 423
total
-
-
-
9 681
Employee

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

37 510
-
17 814
-
pensions

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

2 813
-
1 336
-
communal

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

1 956
-
929
-
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.

326
-
155
-
national
11 532
-
4 216
-
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.

1 762
-
838
-
total
18 389
-
7 474
-
Employer

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

37 510
-
17 814
-
unemployment

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

547
-
260
-
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.

2 307
-
1 096
-
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.

488
-
232
-
surtax
4 253
-
2 020
-
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.

3 324
-
1 578
-
total
10 919
-
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.

-
5 301
-
-
total
-
5 301
-
-
Income
23 000
23 000
23 000
23 000
Total tax
29 308
9 993
12 660
9 681
After tax
-6 308
13 007
10 340
13 319
Living cost
19 120
19 120
19 120
19 120
Free-cash
-25 428
-6 113
-8 780
-5 801

Estimated living cost  is ₴19120 per week

₴12316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1672
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.
₴4833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3374
-₴5926
-₴11424
-₴6083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
207
unemployment
-
-
-
161
pensions
-
-
-
6 509
other
-
-
-
23
income
-
-
-
3 245
total
-
-
-
10 145
Employee
26 103
-
17 417
-
pensions
1 227
-
823
-
income
5 508
-
3 293
-
unemployment
405
-
272
-
other
26
-
18
-
total
7 166
-
4 406
-
Employer
26 103
-
17 417
-
other
208
-
140
-
unemployment
1 436
-
963
-
accident
516
-
346
-
pensions
6 160
-
4 133
-
total
8 320
-
5 582
-
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
-
3 986
-
-
total
-
3 986
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 486
7 436
9 988
10 145
After tax
7 514
15 564
13 012
12 855
Living cost
18 938
18 938
18 938
18 938
Free-cash
-11 424
-3 374
-5 926
-6 083

Estimated living cost  is ₴18938 per week

₴13946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14026
-₴13286
-₴21455
-₴13285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
-
surtax
-
-
-
1 184
health
-
-
-
1 871
accident
-
-
-
225
pensions
-
-
-
3 992
income
-
-
-
515
total
-
-
-
7 787
Employee
39 712
-
20 018
-
pensions
3 176
-
1 996
-
income
3 836
-
515
-
surtax
2 434
-
1 184
-
health
1 767
-
1 111
-
total
11 213
-
4 806
-
Employer
39 712
-
20 018
-
health
1 211
-
761
-
accident
357
-
225
-
pensions
3 176
-
1 996
-
total
4 744
-
2 982
-
Corporate
-
23 000
-
-
income
-
3 450
-
-
surtax
-
242
-
-
communal
-
1 552
-
-
total
-
5 244
-
-
Dividends
-
17 756
-
-
income
-
621
-
-
withholding
-
2 663
-
-
total
-
3 284
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 957
8 528
7 788
7 787
After tax
7 043
14 472
15 212
15 213
Living cost
28 498
28 498
28 498
28 498
Free-cash
-21 455
-14 026
-13 286
-13 285

Estimated living cost  is ₴28498 per week

₴21377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1727
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.
₴5091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2689
₴873
₴1021
₴1437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
103
health
-
-
-
1 633
unemployment
-
-
-
119
pensions
-
-
-
4 600
other
-
-
-
-
income
-
-
-
3 330
total
-
-
-
9 785
Employee
17 660
-
19 001
-
pensions
1 178
-
1 268
-
income
2 961
-
3 185
-
surtax
63
-
88
-
unemployment
1 229
-
1 323
-
other
-
-
-
-
health
451
-
485
-
total
5 882
-
6 349
-
Employer
17 660
-
19 001
-
other
-
-
-
-
unemployment
560
-
602
-
health
803
-
865
-
pensions
2 354
-
2 533
-
total
3 717
-
4 000
-
Corporate
1 623
23 000
-
-
income
422
5 980
-
-
total
422
5 980
-
-
Dividends
1 201
17 020
-
-
withholding
180
2 553
-
-
total
180
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 201
8 533
10 349
9 785
After tax
12 799
14 467
12 651
13 215
Living cost
11 778
11 778
11 778
11 778
Free-cash
1 021
2 689
873
1 437

Estimated living cost  is ₴11778 per week

₴7111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
-₴2036
-₴2832
-₴6089
-₴1540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
136
national
-
-
-
4 015
total
-
-
-
10 414
Employee
29 089
-
23 000
-
regional
392
-
309
-
national
4 608
-
3 519
-
municipal
154
-
122
-
social contributions
9 809
-
7 756
-
total
14 963
-
11 706
-
Employer
29 089
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
nationa
-
5 520
-
-
municipal
-
1 143
-
-
total
-
6 663
-
-
Dividends
-
16 337
-
-
withholding
-
4 247
-
-
total
-
4 247
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 963
10 910
11 706
10 414
After tax
8 037
12 090
11 294
12 586
Living cost
14 126
14 126
14 126
14 126
Free-cash
-6 089
-2 036
-2 832
-1 540

Estimated living cost  is ₴14126 per week

₴8785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3668
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴231
-₴4396
-₴8661
-₴4865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
6 716
income
-
-
-
1 977
health
-
-
-
3 105
total
-
-
-
11 798
Employee
23 628
-
17 164
-
income
2 835
-
2 060
-
solidarity contribution
-
-
-
-
social contributions
1 536
-
1 116
-
health
3 190
-
2 317
-
total
7 561
-
5 493
-
Employer
23 628
-
17 164
-
social contributions
5 907
-
4 291
-
health
2 126
-
1 545
-
total
8 033
-
5 836
-
Corporate
-
23 000
-
-
income
-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
2 794
-
-
total
-
2 794
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 594
7 164
11 329
11 798
After tax
7 406
15 836
11 671
11 202
Living cost
16 067
16 067
16 067
16 067
Free-cash
-8 661
-231
-4 396
-4 865

Estimated living cost  is ₴16067 per week

₴11948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5569
-₴7863
-₴7021
-₴3758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
1 759
unemployment
-
-
-
3 216
pensions
-
-
-
4 255
chamber of commerce
-
-
-
92
income
-
-
-
706
total
-
-
-
10 028
Employee
22 923
20 898
20 898
-
pensions
2 348
2 140
1 810
-
income
2 042
1 541
1 688
-
unemployment
688
627
530
-
other
229
209
177
-
health
887
809
684
-
total
6 194
5 326
4 889
-
Employer
22 923
20 898
20 898
-
other
1 089
992
965
-
payroll
688
627
627
-
unemployment
688
627
530
-
health
867
790
668
-
accident
298
272
230
-
chamber of commerce
92
84
84
-
surtax
-
-
-
-
pensions
2 877
2 623
2 218
-
total
6 599
6 015
5 322
-
Corporate
1 990
1 990
15 688
-
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.

498
498
3 922
-
total
498
498
3 922
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
13 291
11 839
14 133
10 028
After tax
9 709
11 161
8 867
12 972
Living cost
16 730
16 730
16 730
16 730
Free-cash
-7 021
-5 569
-7 863
-3 758

Estimated living cost  is ₴16730 per week

₴10036
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.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15169
₴11719
₴13917
₴16089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 352
-
23 000
-
income
1 670
-
4 600
-
total
1 670
-
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%.

14 648
23 000
-
-
total
-
-
-
-
Dividends
14 648
23 000
-
-
withholding
732
1 150
-
-
total
732
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
2 402
1 150
4 600
230
After tax
20 598
21 850
18 400
22 770
Living cost
6 681
6 681
6 681
6 681
Free-cash
13 917
15 169
11 719
16 089

Estimated living cost  is ₴6681 per week

₴4521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1771
-₴1870
-₴3799
-₴1141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
23 000
health
-
-
-
2 264
unemployment
-
-
-
35
pensions
-
-
-
4 200
income
-
-
-
3 577
total
-
-
-
10 076
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.

23 189
-
19 901
-
pensions
3 594
-
3 085
-
income
3 999
-
3 307
-
unemployment
33
-
28
-
health
1 498
-
1 286
-
total
9 124
-
7 706
-
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.

23 189
-
19 901
-
unemployment
14
-
12
-
health
1 544
-
1 326
-
pensions
2 052
-
1 761
-
total
3 610
-
3 099
-
Corporate
-
23 000
-
-
income
-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
2 794
-
-
total
-
2 794
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 734
7 164
10 805
10 076
After tax
10 266
15 836
12 195
12 924
Living cost
14 065
14 065
14 065
14 065
Free-cash
-3 799
1 771
-1 870
-1 141

Estimated living cost  is ₴14065 per week

₴9653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3239
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10549
-₴9052
-₴61807
-₴8647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
35 189
-
540
-
income
7 762
-
28
-
social contributions
2 886
-
411
-
total
10 648
-
439
-
Employer
35 189
-
540
-
social contributions
49 617
-
7 071
-
total
49 617
-
7 071
-
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
60 265
9 007
7 510
7 105
After tax
-37 265
13 993
15 490
15 895
Living cost
24 542
24 542
24 542
24 542
Free-cash
-61 807
-10 549
-9 052
-8 647

Estimated living cost  is ₴24542 per week

₴15924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3365
-₴3435
-₴6846
-₴2971
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
7 993
income
-
-
-
1 530
total
-
-
-
9 523
Employee
24 118
-
18 586
-
income
5 017
-
3 529
-
surtax
-
-
-
-
social contributions
2 653
-
2 044
-
total
7 670
-
5 573
-
Employer
24 118
-
18 586
-
social contributions
5 728
-
4 414
-
total
5 728
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 087
-
-
total
-
5 087
-
-
Income
23 000
23 000
23 000
23 000
Total tax
13 398
9 917
9 987
9 523
After tax
9 602
13 083
13 013
13 477
Living cost
16 448
16 448
16 448
16 448
Free-cash
-6 846
-3 365
-3 435
-2 971

Estimated living cost  is ₴16448 per week

₴12307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴2897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13735
-₴11013
-₴20101
-₴11384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
199
social contributions
-
-
-
656
pensions
-
-
-
6 814
other
-
-
-
713
income
-
-
-
675
total
-
-
-
9 057
Employee
32 844
-
17 526
-
pensions
3 715
-
1 981
-
income
2 866
-
730
-
surtax
-
-
-
-
social contributions
935
-
500
-
total
7 516
-
3 211
-
Employer
32 844
-
17 526
-
other
1 133
-
605
-
social contributions
99
-
53
-
unemployment
1 330
-
710
-
health
2 299
-
1 227
-
pensions
5 397
-
2 880
-
total
10 258
-
5 475
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
social contributions
-
2 848
-
-
surtax
-
-
-
-
withholding
-
2 120
-
-
total
-
4 968
-
-
Income
23 000
23 000
23 000
23 000
Total tax
17 774
11 408
8 686
9 057
After tax
5 226
11 592
14 314
13 943
Living cost
25 327
25 327
25 327
25 327
Free-cash
-20 101
-13 735
-11 013
-11 384

Estimated living cost  is ₴25327 per week

₴17141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2072
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4937
₴2856
₴3175
₴2177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 060
total
-
-
-
5 060
Employee
16 859
-
19 913
-
social contributions
1 096
-
1 294
-
income
-
-
-
-
total
1 096
-
1 294
-
Employer
16 859
-
19 913
-
social contributions
2 613
-
3 087
-
total
2 613
-
3 087
-
Corporate
3 528
23 000
-
-
income
353
2 300
-
-
total
353
2 300
-
-
Dividends
3 175
20 700
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
4 062
2 300
4 381
5 060
After tax
18 938
20 700
18 619
17 940
Living cost
15 763
15 763
15 763
15 763
Free-cash
3 175
4 937
2 856
2 177

Estimated living cost  is ₴15763 per week

₴10192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴91071
-₴91071
-₴91071
-₴9830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
1 804
pensions
-
-
-
454
municipal
-
-
-
3 366
national
-
-
-
1 992
total
-
-
-
7 616
Employee
106 424
106 424
106 424
-
pensions
151
151
151
-
labour market
8 502
8 502
8 502
-
national
13 002
13 002
13 002
-
municipal
22 662
22 662
22 662
-
total
44 317
44 317
44 317
-
Employer
106 424
106 424
106 424
-
labour market
8 514
8 514
8 514
-
national
13 024
13 024
13 024
-
municipal
22 699
22 699
22 699
-
pensions
303
303
303
-
total
44 540
44 540
44 540
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
88 857
88 857
88 857
7 616
After tax
-65 857
-65 857
-65 857
15 384
Living cost
25 214
25 214
25 214
25 214
Free-cash
-91 071
-91 071
-91 071
-9 830

Estimated living cost  is ₴25214 per week

₴17257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9695
₴588
₴90
₴4304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 163
accident
-
-
-
135
pensions
-
-
-
2 219
other
-
-
-
198
income
-
-
-
3 423
total
-
-
-
7 138
Employee
18 181
-
19 106
-
pensions
2 047
-
2 151
-
income
2 494
-
2 621
-
health
2 082
-
2 188
-
total
6 623
-
6 960
-
Employer
18 181
-
19 106
-
unemployment
446
-
468
-
accident
304
-
319
-
pensions
2 956
-
3 107
-
total
3 706
-
3 894
-
Corporate
1 113
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.

1 002
20 700
-
-
total
1 002
20 700
-
-
Dividends
111
2 300
-
-
withholding
21
437
-
-
total
21
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 352
21 137
10 854
7 138
After tax
11 648
1 863
12 146
15 862
Living cost
11 558
11 558
11 558
11 558
Free-cash
90
-9 695
588
4 304

Estimated living cost  is ₴11558 per week

₴8413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4217
-₴5650
-₴9796
-₴1705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
321
health
-
-
-
135
total
-
-
-
4 572
Employee
27 589
-
19 349
-
pensions
1 862
-
1 306
-
unemployment
414
-
291
-
national
456
-
10
-
municipal
4 519
-
3 181
-
health
206
-
79
-
total
7 457
-
4 867
-
Employer
27 589
-
19 349
-
unemployment
179
-
125
-
health
212
-
149
-
accident
28
-
19
-
pensions
4 787
-
3 357
-
total
5 206
-
3 650
-
Corporate
-
23 000
-
-
income
-
4 600
-
-
total
-
4 600
-
-
Dividends

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

-
13 800
-
-
national
-
-
-
-
municipal
-
2 484
-
-
total
-
2 484
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 663
7 084
8 517
4 572
After tax
10 337
15 916
14 483
18 428
Living cost
20 133
20 133
20 133
20 133
Free-cash
-9 796
-4 217
-5 650
-1 705

Estimated living cost  is ₴20133 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1000
₴2335
₴2009
₴6685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
586
total
-
-
-
4 174
Employee
40 323
40 323
40 323
-
income
4 391
3 733
4 315
-
social contributions
1 525
3 347
1 734
-
health
312
686
355
-
total
6 228
7 766
6 404
-
Employer
40 323
40 323
40 323
-
social contributions
1 525
3 347
1 734
-
health
339
746
386
-
total
1 864
4 093
2 120
-
Corporate
2 768
-
-
-
income
346
-
-
-
total
346
-
-
-
Dividends
2 421
-
-
-
withholding
412
-
-
-
total
412
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 850
11 859
8 524
4 174
After tax
14 150
11 141
14 476
18 826
Living cost
12 141
12 141
12 141
12 141
Free-cash
2 009
-1 000
2 335
6 685

Estimated living cost  is ₴12141 per week

₴7276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10720
₴5966
₴8053
₴7658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
23 000
health
-
-
-
1 898
unemployment
-
-
-
15
pensions
-
-
-
3 336
income
-
-
-
1 767
total
-
-
-
7 016
Employee

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

12 037
-
20 852
-
pensions
1 805
-
3 128
-
income
823
-
1 557
-
unemployment
60
-
104
-
health
1 023
-
1 772
-
total
3 711
-
6 561
-
Employer

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

12 037
-
20 852
-
unemployment
60
-
104
-
health
517
-
897
-
pensions
662
-
1 146
-
total
1 239
-
2 147
-
Corporate
9 725
23 000
-
-
income
875
2 070
-
-
total
875
2 070
-
-
Dividends
8 850
20 930
-
-
withholding
796
1 884
-
-
total
796
1 884
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 621
3 954
8 708
7 016
After tax
16 379
19 046
14 292
15 984
Living cost
8 326
8 326
8 326
8 326
Free-cash
8 053
10 720
5 966
7 658

Estimated living cost  is ₴8326 per week

₴5312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴600
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.
₴2165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1144
-₴1408
-₴2572
-₴1565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
207
unemployment
-
-
-
161
pensions
-
-
-
6 509
other
-
-
-
23
income
-
-
-
3 245
total
-
-
-
10 145
Employee
19 390
-
17 417
-
pensions
912
-
823
-
income
3 738
-
3 293
-
unemployment
301
-
272
-
other
19
-
18
-
total
4 970
-
4 406
-
Employer
19 390
-
17 417
-
other
155
-
140
-
unemployment
1 067
-
963
-
accident
384
-
346
-
pensions
4 576
-
4 133
-
total
6 182
-
5 582
-
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
-
3 986
-
-
total
-
3 986
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 152
7 436
9 988
10 145
After tax
11 848
15 564
13 012
12 855
Living cost
14 420
14 420
14 420
14 420
Free-cash
-2 572
1 144
-1 408
-1 565

Estimated living cost  is ₴14420 per week

₴9733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1386
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.
₴3048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13419
₴13404
₴13267
₴13470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
493
pensions
-
-
-
680
income
-
-
-
7 424
total
-
-
-
8 597
Employee
1 421
-
22 235
-
pensions
128
-
306
-
income
275
-
7 388
-
unemployment
14
-
34
-
health
71
-
170
-
total
488
-
7 898
-
Employer
1 421
-
22 235
-
unemployment
28
-
68
-
health
135
-
323
-
pensions
156
-
374
-
total
319
-
765
-
Corporate
21 260
23 000
-
-
income
4 677
5 060
-
-
total
4 677
5 060
-
-
Dividends
16 582
17 940
-
-
withholding
3 316
3 588
-
-
total
3 316
3 588
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 800
8 648
8 663
8 597
After tax
14 200
14 352
14 337
14 403
Living cost
933
933
933
933
Free-cash
13 267
13 419
13 404
13 470

Estimated living cost  is ₴933 per week

₴554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7565
₴3519
₴4990
₴2529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
23 000
health
-
-
-
2 369
unemployment
-
-
-
345
pensions
-
-
-
5 980
income
-
-
-
2 725
total
-
-
-
11 419
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.

13 651
-
19 508
-
pensions
1 911
-
2 731
-
income
1 882
-
3 055
-
unemployment
102
-
146
-
health
703
-
1 005
-
total
4 598
-
6 937
-
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.

13 651
-
19 508
-
unemployment
102
-
146
-
health
703
-
1 005
-
pensions
1 638
-
2 341
-
total
2 443
-
3 492
-
Corporate
6 906
23 000
-
-
income
1 036
3 450
-
-
total
1 036
3 450
-
-
Dividends
5 870
19 550
-
-
withholding
881
2 933
-
-
total
881
2 933
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 958
6 383
10 429
11 419
After tax
14 042
16 617
12 571
11 581
Living cost
9 052
9 052
9 052
9 052
Free-cash
4 990
7 565
3 519
2 529

Estimated living cost  is ₴9052 per week

₴6095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1054
-₴1124
-₴2186
-₴660
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
7 993
income
-
-
-
1 530
total
-
-
-
9 523
Employee
20 353
-
18 586
-
income
3 977
-
3 529
-
surtax
-
-
-
-
social contributions
2 239
-
2 044
-
total
6 216
-
5 573
-
Employer
20 353
-
18 586
-
social contributions
4 833
-
4 414
-
total
4 833
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 087
-
-
total
-
5 087
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 049
9 917
9 987
9 523
After tax
11 951
13 083
13 013
13 477
Living cost
14 137
14 137
14 137
14 137
Free-cash
-2 186
-1 054
-1 124
-660

Estimated living cost  is ₴14137 per week

₴10013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2865
-₴5417
-₴10401
-₴5574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
accident
-
-
-
207
unemployment
-
-
-
161
pensions
-
-
-
6 509
other
-
-
-
23
income
-
-
-
3 245
total
-
-
-
10 145
Employee
25 326
-
17 417
-
pensions
1 190
-
823
-
income
5 290
-
3 293
-
unemployment
392
-
272
-
other
25
-
18
-
total
6 897
-
4 406
-
Employer
25 326
-
17 417
-
other
203
-
140
-
unemployment
1 393
-
963
-
accident
502
-
346
-
pensions
5 977
-
4 133
-
total
8 075
-
5 582
-
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
-
3 986
-
-
total
-
3 986
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 972
7 436
9 988
10 145
After tax
8 028
15 564
13 012
12 855
Living cost
18 429
18 429
18 429
18 429
Free-cash
-10 401
-2 865
-5 417
-5 574

Estimated living cost  is ₴18429 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10688
₴5863
₴7507
₴5706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
2 096
unemployment
-
-
-
73
pensions

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

-
-
-
2 698
income
-
-
-
3 450
total
-
-
-
8 317
Employee
11 887
-
19 424
-
pensions

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

1 044
-
1 601
-
income
1 189
-
1 942
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
health
547
-
839
-
total
2 911
-
4 583
-
Employer
11 887
-
19 424
-
unemployment
71
-
109
-
health
820
-
1 258
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
pensions

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

1 310
-
2 009
-
total
2 332
-
3 577
-
Corporate
8 781
23 000
-
-
income
878
2 300
-
-
total
878
2 300
-
-
Dividends
7 903
20 700
-
-
withholding
395
1 035
-
-
total
395
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 516
3 335
8 160
8 317
After tax
16 484
19 665
14 840
14 683
Living cost
8 977
8 977
8 977
8 977
Free-cash
7 507
10 688
5 863
5 706

Estimated living cost  is ₴8977 per week

₴5937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2312
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8294
-₴2214
-₴3090
-₴2214
S + D Salary + Dividends

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

Dividends

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

Salary

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

-
-
-
73
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.

-
-
-
1 314
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.

-
-
-
3 582
total
-
-
-
4 969
Employee

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

26 092
-
23 000
-
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.

2 145
-
1 314
-
surtax

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

118
-
73
-
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.

3 582
-
3 582
-
total
5 845
-
4 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
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
-
-
trade
-
3 301
-
-
chamber of commerce
-
113
-
-
total
-
7 054
-
-
Dividends
-
15 946
-
-
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.

-
208
-
-
withholding
-
3 787
-
-
total
-
3 995
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 845
11 049
4 969
4 969
After tax
17 155
11 951
18 031
18 031
Living cost
20 245
20 245
20 245
20 245
Free-cash
-3 090
-8 294
-2 214
-2 214

Estimated living cost  is ₴20245 per week

₴13966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13772
-₴11257
-₴18020
-₴11257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 959
social contributions
-
-
-
1 426
total
-
-
-
4 385
Employee
41 019
-
23 000
-
social contributions
3 408
-
1 426
-
income
7 740
-
2 959
-
total
11 148
-
4 385
-
Employer
41 019
-
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
11 148
6 900
4 385
4 385
After tax
11 852
16 100
18 615
18 615
Living cost
29 872
29 872
29 872
29 872
Free-cash
-18 020
-13 772
-11 257
-11 257

Estimated living cost  is ₴29872 per week

₴22726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2434
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6328
-₴2127
-₴5030
-₴14139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
23 000
income
-
-
-
14 927
health

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

-
-
-
3 177
total
-
-
-
18 104
Employee
24 056
-
20 905
-
social contributions
2 410
-
2 095
-
income
2 610
-
1 902
-
total
5 020
-
3 997
-
Employer
24 056
-
20 905
-
social contributions
2 410
-
2 095
-
total
2 410
-
2 095
-
Corporate
-
23 000
-
-
income
-
8 050
-
-
total
-
8 050
-
-
Dividends
-
14 950
-
-
social contributions
1 565
2 243
-
-
total
1 565
2 243
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 995
10 293
6 092
18 104
After tax
14 005
12 707
16 908
4 896
Living cost
19 035
19 035
19 035
19 035
Free-cash
-5 030
-6 328
-2 127
-14 139

Estimated living cost  is ₴19035 per week

₴12539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2178
-₴4068
-₴6843
-₴1969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 197
income
-
-
-
4 361
total
-
-
-
5 558
Employee
26 645
-
20 730
-
pensions
2 034
-
1 325
-
income
4 852
-
3 836
-
health
348
-
227
-
total
7 234
-
5 388
-
Employer
26 645
-
20 730
-
health
506
-
394
-
pensions
2 692
-
1 875
-
total
3 198
-
2 269
-
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
10 432
5 767
7 657
5 558
After tax
12 568
17 233
15 343
17 442
Living cost
19 411
19 411
19 411
19 411
Free-cash
-6 843
-2 178
-4 068
-1 969

Estimated living cost  is ₴19411 per week

₴13316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
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.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10839
-₴556
-₴1053
₴3160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
health
-
-
-
1 163
accident
-
-
-
135
pensions
-
-
-
2 219
other
-
-
-
198
income
-
-
-
3 423
total
-
-
-
7 138
Employee
19 981
-
19 106
-
pensions
2 250
-
2 151
-
income
2 741
-
2 621
-
health
2 288
-
2 188
-
total
7 279
-
6 960
-
Employer
19 981
-
19 106
-
unemployment
489
-
468
-
accident
334
-
319
-
pensions
3 249
-
3 107
-
total
4 072
-
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
11 351
21 137
10 854
7 138
After tax
11 649
1 863
12 146
15 862
Living cost
12 702
12 702
12 702
12 702
Free-cash
-1 053
-10 839
-556
3 160

Estimated living cost  is ₴12702 per week

₴9322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2384
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12477
₴6857
₴9930
₴6857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
115
health insurance
-
-
-
1 702
unemployment
-
-
-
276
pensions
-
-
-
4 232
income
-
-
-
2 745
total
-
-
-
9 070
Employee

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

11 316
-
23 000
-
pensions
2 082
-
4 232
-
income
1 132
-
2 745
-
health insurance
837
-
1 702
-
work injury
57
-
115
-
unemployment
136
-
276
-
total
4 244
-
9 070
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 684
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
11 684
23 000
-
-
withholding
1 753
3 450
-
-
total
1 753
3 450
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 997
3 450
9 070
9 070
After tax
17 003
19 550
13 930
13 930
Living cost
7 073
7 073
7 073
7 073
Free-cash
9 930
12 477
6 857
6 857

Estimated living cost  is ₴7073 per week

₴4382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8775
-₴9569
-₴21188
-₴8292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
317
social contributions
-
-
-
5 916
municipal
-
-
-
154
national
-
-
-
4 015
total
-
-
-
10 402
Employee
44 188
-
23 000
-
regional
667
-
267
-
national
7 467
-
3 519
-
municipal
264
-
137
-
social contributions
14 900
-
7 756
-
total
23 298
-
11 679
-
Employer
44 188
-
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
23 298
10 885
11 679
10 402
After tax
-298
12 115
11 321
12 598
Living cost
20 890
20 890
20 890
20 890
Free-cash
-21 188
-8 775
-9 569
-8 292

Estimated living cost  is ₴20890 per week

₴14674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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