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
₴2116
-₴3401
₴2851
₴2851
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
trade
-
-
-
-
income

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

-
-
-
1 547
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.

-
-
-
3 408
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.

-
-
-
85
total
-
-
-
5 040
Employee

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

19 079
-
23 000
-
surtax

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

29
-
85
-
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.

3 408
-
3 408
-
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.

533
-
1 547
-
total
3 970
-
5 040
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 921
23 000
-
-
trade
617
3 623
-
-
income
588
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.

32
189
-
-
chamber of commerce
81
109
-
-
total
1 318
7 371
-
-
Dividends
2 602
15 629
-
-
withholding
461
3 717
-
-
surtax

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

26
204
-
-
total
487
3 921
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 775
11 292
5 040
5 040
After tax
17 225
11 708
17 960
17 960
Living cost
15 109
15 109
15 109
15 109
Free-cash
2 116
-3 401
2 851
2 851

Estimated living cost  is ₴15109 per week

₴9504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1762
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19924
-₴11034
-₴10460
-₴10640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 058
national
-
-
-
3 189
total
-
-
-
8 254
Employee
39 353
-
19 883
-
national
7 532
-
3 327
-
municipal
4 861
-
2 147
-
pensions
1 574
-
795
-
total
13 967
-
6 269
-
Employer
39 353
-
19 883
-
pensions
3 148
-
1 591
-
social contributions
423
-
214
-
total
3 571
-
1 805
-
Corporate
-
23 000
-
-
income

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

-
4 600
-
-
total
-
4 600
-
-
Dividends
-
18 400
-
-
withholding
-
4 048
-
-
total
-
4 048
-
-
Income
23 000
23 000
23 000
23 000
Total tax
17 538
8 648
8 074
8 254
After tax
5 462
14 352
14 926
14 746
Living cost
25 386
25 386
25 386
25 386
Free-cash
-19 924
-11 034
-10 460
-10 640

Estimated living cost  is ₴25386 per week

₴17255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3929
₴8022
₴2819
₴7602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
23 000
social contributions

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

-
-
-
1 570
income
-
-
-
-
microenterprise
-
-
-
3 450
surtax
-
-
-
-
total
-
-
-
5 020
Employee
14 576
-
18 535
-
surtax
-
-
-
-
social contributions

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

1 604
-
2 039
-
income
2 595
-
3 299
-
total
4 199
-
5 338
-
Employer
14 576
-
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.

3 511
-
4 465
-
surtax
-
-
-
-
total
3 511
-
4 465
-
Corporate
4 913
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%.

983
4 600
-
-
total
983
4 600
-
-
Dividends

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

3 930
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 693
4 600
9 803
5 020
After tax
14 307
18 400
13 197
17 980
Living cost
10 378
10 378
10 378
10 378
Free-cash
3 929
8 022
2 819
7 602

Estimated living cost  is ₴10378 per week

₴6621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26536
-₴23735
-₴26536
-₴7692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 124
pensions
-
-
-
4 140
health
-
-
-
3 531
total
-
-
-
9 795
Employee
42 598
42 598
42 598
-
health
6 538
5 561
6 538
-
pensions
7 668
5 844
7 668
-
income

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

6 973
6 973
6 973
-
total
21 179
18 378
21 179
-
Employer
42 598
42 598
42 598
-
pensions
2 965
2 965
2 965
-
unemployment
1 534
1 534
1 534
-
health
2 961
2 961
2 961
-
total
7 460
7 460
7 460
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
28 639
25 838
28 639
9 795
After tax
-5 639
-2 838
-5 639
13 205
Living cost
20 897
20 897
20 897
20 897
Free-cash
-26 536
-23 735
-26 536
-7 692

Estimated living cost  is ₴20897 per week

₴14809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15354
-₴7924
-₴8200
-₴9017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
2 673
unemployment
-
-
-
23
pensions
-
-
-
2 486
municipal
-
-
-
4 872
accident
-
-
-
46
national
-
-
-
-
health
-
-
-
1 435
total
-
-
-
11 535
Employee
29 185
-
17 501
-
national
-
-
-
-
municipal
8 703
-
5 219
-
total
8 703
-
5 219
-
Employer
29 185
-
17 501
-
other
3 391
-
2 034
-
accident
58
-
35
-
pensions
3 155
-
1 892
-
unemployment
770
-
462
-
health
1 795
-
1 076
-
total
9 169
-
5 499
-
Corporate
-
23 000
-
-
income
-
5 060
-
-
total
-
5 060
-
-
Dividends
-
17 940
-
-
withholding
-
5 382
-
-
total
-
5 382
-
-
Income
23 000
23 000
23 000
23 000
Total tax
17 872
10 442
10 718
11 535
After tax
5 128
12 558
12 282
11 465
Living cost
20 482
20 482
20 482
20 482
Free-cash
-15 354
-7 924
-8 200
-9 017

Estimated living cost  is ₴20482 per week

₴13574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2296
-₴8009
-₴1636
-₴1636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
trade
-
-
-
-
income

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

-
-
-
1 547
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.

-
-
-
3 408
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.

-
-
-
85
total
-
-
-
5 040
Employee

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

25 297
-
23 000
-
surtax

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

119
-
85
-
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.

3 408
-
3 408
-
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.

2 173
-
1 547
-
total
5 700
-
5 040
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
trade
-
3 784
-
-
income
-
3 450
-
-
surtax

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

-
189
-
-
chamber of commerce
-
109
-
-
total
-
7 532
-
-
Dividends
-
15 468
-
-
withholding
-
3 678
-
-
surtax

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

-
203
-
-
total
-
3 881
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 700
11 413
5 040
5 040
After tax
17 300
11 587
17 960
17 960
Living cost
19 596
19 596
19 596
19 596
Free-cash
-2 296
-8 009
-1 636
-1 636

Estimated living cost  is ₴19596 per week

₴13106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2066
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1733
-₴4461
-₴1461
₴2572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73
health
-
-
-
587
total
-
-
-
4 248
Employee
38 358
38 358
38 358
-
health
381
652
355
-
social contributions
1 864
3 184
1 733
-
income
4 028
3 551
4 074
-
total
6 273
7 387
6 162
-
Employer
38 358
38 358
38 358
-
social contributions
1 864
3 184
1 733
-
health
416
710
386
-
total
2 280
3 894
2 119
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 553
11 281
8 281
4 248
After tax
14 447
11 719
14 719
18 752
Living cost
16 180
16 180
16 180
16 180
Free-cash
-1 733
-4 461
-1 461
2 572

Estimated living cost  is ₴16180 per week

₴11060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3920
₴3727
₴3997
₴6597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

13 477
5 364
19 247
-
unemployment
202
80
289
-
health
943
375
1 347
-
pensions
1 348
536
1 925
-
income
1 648
656
2 353
-
total
4 141
1 647
5 914
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 477
5 364
19 247
-
pensions
2 628
1 046
3 753
-
total
2 628
1 046
3 753
-
Corporate
6 895
16 590
-
-
income
621
1 493
-
-
total
621
1 493
-
-
Dividends
6 274
15 097
-
-
withholding
1 192
2 868
-
-
social contributions
1 162
2 883
-
-
total
2 354
5 751
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 744
9 937
9 667
7 067
After tax
13 256
13 063
13 333
15 933
Living cost
9 336
9 336
9 336
9 336
Free-cash
3 920
3 727
3 997
6 597

Estimated living cost  is ₴9336 per week

₴6371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴764
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2015
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3253
₴6351
₴2018
₴1217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 144
pensions
-
-
-
4 600
health
-
-
-
2 990
total
-
-
-
9 734
Employee
14 151
-
17 190
-
unemployment
226
-
275
-
pensions
283
-
344
-
income
1 593
-
2 505
-
total
2 102
-
3 124
-
Employer
14 151
-
17 190
-
pensions
2 830
-
3 437
-
unemployment
114
-
137
-
health
1 839
-
2 235
-
total
4 783
-
5 809
-
Corporate
4 066
23 000
-
-
income
813
4 600
-
-
total
813
4 600
-
-
Dividends
3 252
18 400
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 698
4 600
8 933
9 734
After tax
15 302
18 400
14 067
13 266
Living cost
12 049
12 049
12 049
12 049
Free-cash
3 253
6 351
2 018
1 217

Estimated living cost  is ₴12049 per week

₴8264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
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.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴152
-₴9303
₴980
₴4796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
188
income
-
-
-
3 503
pensions
-
-
-
2 112
accident
-
-
-
128
health
-
-
-
1 107
total
-
-
-
7 038
Employee
17 565
-
19 106
-
health
2 011
-
2 188
-
pensions
1 978
-
2 151
-
income
2 410
-
2 621
-
total
6 399
-
6 960
-
Employer
17 565
-
19 106
-
accident
293
-
319
-
pensions
2 856
-
3 107
-
unemployment
430
-
468
-
total
3 579
-
3 894
-
Corporate
1 855
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.

1 669
20 700
-
-
total
1 669
20 700
-
-
Dividends
186
2 300
-
-
withholding
35
437
-
-
total
35
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 682
21 137
10 854
7 038
After tax
11 318
1 863
12 146
15 962
Living cost
11 166
11 166
11 166
11 166
Free-cash
152
-9 303
980
4 796

Estimated living cost  is ₴11166 per week

₴8184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16996
₴17762
₴14312
₴18682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 110
-
23 000
-
income
1 022
-
4 600
-
total
1 022
-
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%.

17 890
23 000
-
-
total
-
-
-
-
Dividends
17 890
23 000
-
-
withholding
894
1 150
-
-
total
894
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
1 916
1 150
4 600
230
After tax
21 084
21 850
18 400
22 770
Living cost
4 088
4 088
4 088
4 088
Free-cash
16 996
17 762
14 312
18 682

Estimated living cost  is ₴4088 per week

₴2533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴236
₴3606
₴188
-₴837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
1 092
income
-
-
-
2 921
pensions

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

-
-
-
5 520
health
-
-
-
1 012
total
-
-
-
10 545
Employee
18 112
-
18 370
-
unemployment
181
-
184
-
health
254
-
257
-
pensions

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

1 268
-
1 286
-
income
3 118
-
3 163
-
total
4 821
-
4 890
-
Employer
18 112
-
18 370
-
other
906
-
919
-
accident
145
-
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.

3 079
-
3 123
-
unemployment
181
-
184
-
health
254
-
257
-
total
4 565
-
4 630
-
Corporate
323
23 000
-
-
income
68
4 830
-
-
total
68
4 830
-
-
Dividends
255
18 170
-
-
withholding
18
1 272
-
-
total
18
1 272
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 472
6 102
9 520
10 545
After tax
13 528
16 898
13 480
12 455
Living cost
13 292
13 292
13 292
13 292
Free-cash
236
3 606
188
-837

Estimated living cost  is ₴13292 per week

₴9391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴897
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.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29894
-₴15647
-₴17634
-₴15478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
income
-
-
-
4 350
pensions
-
-
-
1 249
total
-
-
-
5 599
Employee
46 518
-
20 680
-
health
767
-
237
-
pensions
4 488
-
1 387
-
income
8 385
-
3 811
-
total
13 640
-
5 435
-
Employer
46 518
-
20 680
-
pensions
5 492
-
1 927
-
health
883
-
393
-
total
6 375
-
2 320
-
Corporate
-
23 000
-
-
income

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

-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
1 398
-
-
total
-
1 398
-
-
Income
23 000
23 000
23 000
23 000
Total tax
20 015
5 768
7 755
5 599
After tax
2 985
17 232
15 245
17 401
Living cost
32 879
32 879
32 879
32 879
Free-cash
-29 894
-15 647
-17 634
-15 478

Estimated living cost  is ₴32879 per week

₴24637
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3863
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.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10809
₴13125
₴8560
₴8357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
unemployment
-
-
-
70
income
-
-
-
3 450
pensions

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

-
-
-
2 579
health
-
-
-
2 004
total
-
-
-
8 103
Employee
8 660
-
19 582
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
health
398
-
801
-
pensions

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

760
-
1 530
-
income
866
-
1 958
-
total
2 119
-
4 481
-
Employer
8 660
-
19 582
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

954
-
1 920
-
unemployment
52
-
105
-
health
598
-
1 202
-
total
1 699
-
3 419
-
Corporate
12 641
23 000
-
-
income
1 264
2 300
-
-
total
1 264
2 300
-
-
Dividends
11 377
20 700
-
-
withholding
569
1 035
-
-
total
569
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 651
3 335
7 900
8 103
After tax
17 349
19 665
15 100
14 897
Living cost
6 540
6 540
6 540
6 540
Free-cash
10 809
13 125
8 560
8 357

Estimated living cost  is ₴6540 per week

₴3818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴31346
-₴30499
-₴33300
-₴14456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 124
pensions
-
-
-
4 140
health
-
-
-
3 531
total
-
-
-
9 795
Employee
46 248
42 598
42 598
-
health
5 770
5 561
6 538
-
pensions
5 844
5 844
7 668
-
income

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

6 973
6 973
6 973
-
total
18 587
18 378
21 179
-
Employer
46 248
42 598
42 598
-
pensions
3 219
2 965
2 965
-
unemployment
1 665
1 534
1 534
-
health
3 214
2 961
2 961
-
total
8 098
7 460
7 460
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
26 685
25 838
28 639
9 795
After tax
-3 685
-2 838
-5 639
13 205
Living cost
27 661
27 661
27 661
27 661
Free-cash
-31 346
-30 499
-33 300
-14 456

Estimated living cost  is ₴27661 per week

₴20405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1545
₴3380
-₴784
-₴1253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
6 716
income
-
-
-
1 977
health
-
-
-
3 105
solidarity contribution
-
-
-
-
total
-
-
-
11 798
Employee
18 317
-
17 164
-
solidarity contribution
-
-
-
-
health
2 473
-
2 317
-
social contributions
1 191
-
1 116
-
income
2 198
-
2 060
-
total
5 862
-
5 493
-
Employer
18 317
-
17 164
-
social contributions
4 579
-
4 291
-
health
1 649
-
1 545
-
total
6 228
-
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
12 090
7 164
11 329
11 798
After tax
10 910
15 836
11 671
11 202
Living cost
12 455
12 455
12 455
12 455
Free-cash
-1 545
3 380
-784
-1 253

Estimated living cost  is ₴12455 per week

₴8652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
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.
₴2673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21333
-₴8778
-₴9666
-₴8365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
220
social contributions
-
-
-
5 915
municipal
-
-
-
136
national
-
-
-
4 045
total
-
-
-
10 316
Employee
44 333
-
23 000
-
national
7 682
-
3 548
-
regional
418
-
191
-
municipal
235
-
122
-
social contributions
14 949
-
7 756
-
total
23 284
-
11 617
-
Employer
44 333
-
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
23 284
10 729
11 617
10 316
After tax
-284
12 271
11 383
12 684
Living cost
21 049
21 049
21 049
21 049
Free-cash
-21 333
-8 778
-9 666
-8 365

Estimated living cost  is ₴21049 per week

₴14673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1906
₴3459
₴1633
₴2198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
3 331
pensions
-
-
-
4 600
health
-
-
-
1 633
surtax
-
-
-
116
total
-
-
-
9 794
Employee
16 496
-
19 001
-
surtax
54
-
100
-
unemployment
1 148
-
1 322
-
other
-
-
-
-
health
421
-
485
-
pensions
1 100
-
1 268
-
income
2 765
-
3 185
-
total
5 488
-
6 360
-
Employer
16 496
-
19 001
-
other
-
-
-
-
pensions
2 199
-
2 533
-
unemployment
523
-
602
-
health
751
-
864
-
total
3 473
-
3 999
-
Corporate
3 032
23 000
-
-
income
789
5 980
-
-
total
789
5 980
-
-
Dividends
2 243
17 020
-
-
withholding
336
2 553
-
-
total
336
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 086
8 533
10 359
9 794
After tax
12 914
14 467
12 641
13 206
Living cost
11 008
11 008
11 008
11 008
Free-cash
1 906
3 459
1 633
2 198

Estimated living cost  is ₴11008 per week

₴6731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12143
-₴5230
-₴7217
-₴5061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
income
-
-
-
4 350
pensions
-
-
-
1 249
total
-
-
-
5 599
Employee
31 175
-
20 680
-
health
453
-
237
-
pensions
2 646
-
1 387
-
income
5 615
-
3 811
-
total
8 714
-
5 435
-
Employer
31 175
-
20 680
-
pensions
3 375
-
1 927
-
health
592
-
393
-
total
3 967
-
2 320
-
Corporate
-
23 000
-
-
income

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

-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
1 398
-
-
total
-
1 398
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 681
5 768
7 755
5 599
After tax
10 319
17 232
15 245
17 401
Living cost
22 462
22 462
22 462
22 462
Free-cash
-12 143
-5 230
-7 217
-5 061

Estimated living cost  is ₴22462 per week

₴16828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴27571
-₴28938
-₴21271
-₴19842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other

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

-
-
-
460
city
-
-
-
241
regional
-
-
-
397
pensions
-
-
-
2 116
national
-
-
-
44
health
-
-
-
129
total
-
-
-
3 387
Employee
46 173
-
20 444
-
national
219
-
27
-
unemployment
-
-
-
-
city
496
-
218
-
regional
1 512
-
317
-
health
104
-
46
-
pensions
3 879
-
1 877
-
total
6 210
-
2 485
-
Employer
46 173
-
20 444
-
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.

923
-
408
-
pensions
3 879
-
1 877
-
unemployment
-
-
-
-
health
104
-
46
-
total
4 906
-
2 331
-
Corporate
-
23 000
-
-
regional
-
4 864
-
-
national
-
1 955
-
-
total
-
6 819
-
-
Dividends
-
16 181
-
-
withholding
-
5 664
-
-
total
-
5 664
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 116
12 483
4 816
3 387
After tax
11 884
10 517
18 184
19 613
Living cost
39 455
39 455
39 455
39 455
Free-cash
-27 571
-28 938
-21 271
-19 842

Estimated living cost  is ₴39455 per week

₴25657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3541
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6979
-₴11381
-₴4892
-₴4892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
trade
-
-
-
-
income

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

-
-
-
1 547
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.

-
-
-
3 408
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.

-
-
-
85
total
-
-
-
5 040
Employee

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

29 979
-
23 000
-
surtax

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

194
-
85
-
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.

3 408
-
3 408
-
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.

3 525
-
1 547
-
total
7 127
-
5 040
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
trade
-
3 945
-
-
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.

-
189
-
-
chamber of commerce
-
108
-
-
total
-
7 692
-
-
Dividends
-
15 308
-
-
withholding
-
3 637
-
-
surtax

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

-
200
-
-
total
-
3 837
-
-
Income
23 000
23 000
23 000
23 000
Total tax
7 127
11 529
5 040
5 040
After tax
15 873
11 471
17 960
17 960
Living cost
22 852
22 852
22 852
22 852
Free-cash
-6 979
-11 381
-4 892
-4 892

Estimated living cost  is ₴22852 per week

₴16690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
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.
₴4037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5016
-₴5473
-₴2821
-₴3157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
713
social contributions
-
-
-
655
income
-
-
-
747
pensions
-
-
-
6 775
health
-
-
-
200
surtax
-
-
-
-
total
-
-
-
9 090
Employee
21 349
-
17 526
-
surtax
-
-
-
-
pensions
2 414
-
1 981
-
social contributions
609
-
500
-
income
1 260
-
798
-
total
4 283
-
3 279
-
Employer
21 349
-
17 526
-
other
736
-
605
-
pensions
3 507
-
2 880
-
unemployment
864
-
710
-
social contributions
64
-
53
-
health
1 495
-
1 227
-
total
6 666
-
5 475
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
withholding
-
2 119
-
-
social contributions
-
2 847
-
-
surtax
-
-
-
-
total
-
4 966
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 949
11 406
8 754
9 090
After tax
12 051
11 594
14 246
13 910
Living cost
17 067
17 067
17 067
17 067
Free-cash
-5 016
-5 473
-2 821
-3 157

Estimated living cost  is ₴17067 per week

₴10761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1388
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2008
-₴3782
-₴1130
-₴1466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
713
social contributions
-
-
-
655
income
-
-
-
747
pensions
-
-
-
6 775
health
-
-
-
200
surtax
-
-
-
-
total
-
-
-
9 090
Employee
19 057
-
17 526
-
surtax
-
-
-
-
pensions
2 155
-
1 981
-
social contributions
543
-
500
-
income
983
-
798
-
total
3 681
-
3 279
-
Employer
19 057
-
17 526
-
other
658
-
605
-
pensions
3 131
-
2 880
-
unemployment
771
-
710
-
social contributions
57
-
53
-
health
1 334
-
1 227
-
total
5 951
-
5 475
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
withholding
-
2 119
-
-
social contributions
-
2 847
-
-
surtax
-
-
-
-
total
-
4 966
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 632
11 406
8 754
9 090
After tax
13 368
11 594
14 246
13 910
Living cost
15 376
15 376
15 376
15 376
Free-cash
-2 008
-3 782
-1 130
-1 466

Estimated living cost  is ₴15376 per week

₴8917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1562
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.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3606
₴3455
₴3422
₴4193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 913
-
23 000
-
health
1 180
-
1 605
-
social contributions
2 334
-
3 174
-
income
2 821
-
4 221
-
total
6 335
-
9 000
-
Employer
16 913
-
23 000
-
total
-
-
-
-
Corporate
6 087
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%.

304
1 150
-
-
total
304
1 150
-
-
Dividends
5 783
21 850
-
-
health
440
1 525
-
-
withholding
867
3 277
-
-
social contributions
870
3 015
-
-
total
2 177
7 817
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 816
8 967
9 000
8 229
After tax
14 184
14 033
14 000
14 771
Living cost
10 578
10 578
10 578
10 578
Free-cash
3 606
3 455
3 422
4 193

Estimated living cost  is ₴10578 per week

₴7079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴652
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.
₴2602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9675
-₴5935
-₴8625
-₴4719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
chamber of commerce
-
-
-
92
unemployment
-
-
-
3 059
income
-
-
-
878
pensions
-
-
-
4 255
health
-
-
-
1 760
surtax
-
-
-
98
total
-
-
-
10 142
Employee
24 929
19 879
19 879
-
unemployment
748
596
530
-
other
249
199
177
-
health
965
770
683
-
pensions
2 553
2 035
1 808
-
income
2 838
1 466
1 567
-
total
7 353
5 066
4 765
-
Employer
24 929
19 879
19 879
-
payroll
748
596
596
-
other
1 184
944
926
-
accident
324
258
229
-
pensions
3 129
2 495
2 216
-
unemployment
748
596
530
-
chamber of commerce
99
80
80
-
surtax
98
98
98
-
health
942
752
667
-
total
7 272
5 819
5 342
-
Corporate
1 893
1 893
15 764
-
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.

473
473
3 941
-
total
473
473
3 941
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 098
11 358
14 048
10 142
After tax
7 902
11 642
8 952
12 858
Living cost
17 577
17 577
17 577
17 577
Free-cash
-9 675
-5 935
-8 625
-4 719

Estimated living cost  is ₴17577 per week

₴11723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 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
-₴23068
-₴5191
-₴7943
-₴5040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 137
national
-
-
-
6 464
communal

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

-
-
-
1 251
total
-
-
-
9 852
Employee

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

35 682
-
17 815
-
national
10 970
-
4 313
-
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.

310
-
155
-
health

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

1 676
-
837
-
pensions

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

2 676
-
1 336
-
communal

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

1 861
-
930
-
total
17 493
-
7 571
-
Employer

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

35 682
-
17 815
-
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.

464
-
231
-
pensions

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

3 162
-
1 578
-
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.

521
-
260
-
surtax
4 046
-
2 020
-
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.

2 194
-
1 095
-
total
10 387
-
5 184
-
Corporate
-
23 000
-
-
income
-
4 600
-
-
surtax
-
92
-
-
total
-
4 692
-
-
Dividends
-
18 309
-
-
withholding

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

-
5 311
-
-
total
-
5 311
-
-
Income
23 000
23 000
23 000
23 000
Total tax
27 880
10 003
12 755
9 852
After tax
-4 880
12 997
10 245
13 148
Living cost
18 188
18 188
18 188
18 188
Free-cash
-23 068
-5 191
-7 943
-5 040

Estimated living cost  is ₴18188 per week

₴11715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1590
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9746
-₴2457
-₴5015
-₴5190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
23
unemployment
-
-
-
161
income
-
-
-
3 275
pensions
-
-
-
6 509
accident
-
-
-
207
total
-
-
-
10 175
Employee
24 831
-
17 440
-
unemployment
385
-
271
-
other
25
-
17
-
pensions
1 167
-
820
-
income
5 239
-
3 331
-
total
6 816
-
4 439
-
Employer
24 831
-
17 440
-
other
198
-
140
-
accident
491
-
346
-
pensions
5 860
-
4 116
-
unemployment
1 366
-
959
-
total
7 915
-
5 561
-
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
-
3 992
-
-
total
-
3 992
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 731
7 442
10 000
10 175
After tax
8 269
15 558
13 000
12 825
Living cost
18 015
18 015
18 015
18 015
Free-cash
-9 746
-2 457
-5 015
-5 190

Estimated living cost  is ₴18015 per week

₴13266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19290
-₴12637
-₴11719
-₴11720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
614
pensions
-
-
-
3 798
accident
-
-
-
214
communal
-
-
-
-
health
-
-
-
1 780
surtax
-
-
-
1 205
total
-
-
-
7 611
Employee
37 776
-
20 163
-
surtax
2 315
-
1 204
-
health
1 681
-
1 056
-
pensions
3 022
-
1 899
-
income
3 649
-
614
-
total
10 667
-
4 773
-
Employer
37 776
-
20 163
-
accident
340
-
214
-
pensions
3 022
-
1 899
-
health
1 152
-
724
-
total
4 514
-
2 837
-
Corporate
-
23 000
-
-
income
-
3 450
-
-
communal
-
1 552
-
-
surtax
-
241
-
-
total
-
5 243
-
-
Dividends
-
17 756
-
-
withholding
-
2 664
-
-
income
-
621
-
-
total
-
3 285
-
-
Income
23 000
23 000
23 000
23 000
Total tax
15 181
8 528
7 610
7 611
After tax
7 819
14 472
15 390
15 389
Living cost
27 109
27 109
27 109
27 109
Free-cash
-19 290
-12 637
-11 719
-11 720

Estimated living cost  is ₴27109 per week

₴20335
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.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1676
₴3263
₴1437
₴2002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
3 331
pensions
-
-
-
4 600
health
-
-
-
1 633
surtax
-
-
-
116
total
-
-
-
9 794
Employee
16 799
-
19 001
-
surtax
60
-
100
-
unemployment
1 169
-
1 322
-
other
-
-
-
-
health
429
-
485
-
pensions
1 121
-
1 268
-
income
2 816
-
3 185
-
total
5 595
-
6 360
-
Employer
16 799
-
19 001
-
other
-
-
-
-
pensions
2 240
-
2 533
-
unemployment
533
-
602
-
health
764
-
864
-
total
3 537
-
3 999
-
Corporate
2 665
23 000
-
-
income
693
5 980
-
-
total
693
5 980
-
-
Dividends
1 972
17 020
-
-
withholding
295
2 553
-
-
total
295
2 553
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 120
8 533
10 359
9 794
After tax
12 880
14 467
12 641
13 206
Living cost
11 204
11 204
11 204
11 204
Free-cash
1 676
3 263
1 437
2 002

Estimated living cost  is ₴11204 per week

₴6765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-₴4671
-₴1349
-₴2172
-₴880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 915
municipal
-
-
-
136
national
-
-
-
4 045
total
-
-
-
10 443
Employee
27 671
-
23 000
-
national
4 384
-
3 548
-
regional
372
-
309
-
municipal
147
-
122
-
social contributions
9 331
-
7 756
-
total
14 234
-
11 735
-
Employer
27 671
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
nationa
-
5 520
-
-
municipal
-
1 144
-
-
total
-
6 664
-
-
Dividends
-
16 337
-
-
withholding
-
4 248
-
-
total
-
4 248
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 234
10 912
11 735
10 443
After tax
8 766
12 088
11 265
12 557
Living cost
13 437
13 437
13 437
13 437
Free-cash
-4 671
-1 349
-2 172
-880

Estimated living cost  is ₴13437 per week

₴8357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7245
₴488
-₴3677
-₴4146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
6 716
income
-
-
-
1 977
health
-
-
-
3 105
solidarity contribution
-
-
-
-
total
-
-
-
11 798
Employee
22 571
-
17 164
-
solidarity contribution
-
-
-
-
health
3 047
-
2 317
-
social contributions
1 467
-
1 116
-
income
2 709
-
2 060
-
total
7 223
-
5 493
-
Employer
22 571
-
17 164
-
social contributions
5 643
-
4 291
-
health
2 031
-
1 545
-
total
7 674
-
5 836
-
Corporate
-
23 000
-
-
income
-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
2 794
-
-
total
-
2 794
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 897
7 164
11 329
11 798
After tax
8 103
15 836
11 671
11 202
Living cost
15 348
15 348
15 348
15 348
Free-cash
-7 245
488
-3 677
-4 146

Estimated living cost  is ₴15348 per week

₴11414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5553
-₴4174
-₴6913
-₴2958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
chamber of commerce
-
-
-
92
unemployment
-
-
-
3 059
income
-
-
-
878
pensions
-
-
-
4 255
health
-
-
-
1 760
surtax
-
-
-
-
total
-
-
-
10 044
Employee
21 805
19 879
19 879
-
unemployment
654
596
532
-
other
218
199
177
-
health
843
770
686
-
pensions
2 233
2 035
1 817
-
income
1 942
1 466
1 564
-
total
5 890
5 066
4 776
-
Employer
21 805
19 879
19 879
-
payroll
654
596
596
-
other
1 036
944
926
-
accident
283
258
231
-
pensions
2 737
2 495
2 226
-
unemployment
654
596
532
-
chamber of commerce
87
80
80
-
surtax
-
-
-
-
health
825
752
670
-
total
6 276
5 721
5 261
-
Corporate
1 893
1 893
15 845
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

473
473
3 962
-
total
473
473
3 962
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 639
11 260
13 999
10 044
After tax
10 361
11 740
9 001
12 956
Living cost
15 914
15 914
15 914
15 914
Free-cash
-5 553
-4 174
-6 913
-2 958

Estimated living cost  is ₴15914 per week

₴9547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14285
₴15480
₴12030
₴16400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
microenterprise

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

-
-
-
230
total
-
-
-
230
Employee
7 963
-
23 000
-
income
1 593
-
4 600
-
total
1 593
-
4 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

15 037
23 000
-
-
total
-
-
-
-
Dividends
15 037
23 000
-
-
withholding
752
1 150
-
-
total
752
1 150
-
-
Income
23 000
23 000
23 000
23 000
Total tax
2 345
1 150
4 600
230
After tax
20 655
21 850
18 400
22 770
Living cost
6 370
6 370
6 370
6 370
Free-cash
14 285
15 480
12 030
16 400

Estimated living cost  is ₴6370 per week

₴4311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴267
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.
₴1578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2493
₴2456
-₴1227
-₴496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
23 000
unemployment
-
-
-
34
income
-
-
-
3 620
pensions
-
-
-
4 200
health
-
-
-
2 262
total
-
-
-
10 116
Employee

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

22 058
-
19 901
-
unemployment
31
-
27
-
health
1 425
-
1 286
-
pensions
3 419
-
3 085
-
income
3 804
-
3 350
-
total
8 679
-
7 748
-
Employer

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

22 058
-
19 901
-
pensions
1 952
-
1 762
-
unemployment
13
-
12
-
health
1 469
-
1 325
-
total
3 434
-
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
12 113
7 164
10 847
10 116
After tax
10 887
15 836
12 153
12 884
Living cost
13 380
13 380
13 380
13 380
Free-cash
-2 493
2 456
-1 227
-496

Estimated living cost  is ₴13380 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-₴51370
-₴7529
-₴5084
-₴5627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
2 622
income
-
-
-
4 483
total
-
-
-
7 105
Employee
30 859
-
-
-
social contributions
2 530
-
361
-
income
6 807
-
-
-
total
9 337
-
361
-
Employer
30 859
-
-
-
social contributions
43 511
-
6 201
-
total
43 511
-
6 201
-
Corporate
-
23 000
-
-
income
-
5 060
-
-
total
-
5 060
-
-
Dividends
-
17 940
-
-
income
-
3 947
-
-
total
-
3 947
-
-
Income
23 000
23 000
23 000
23 000
Total tax
52 848
9 007
6 562
7 105
After tax
-29 848
13 993
16 438
15 895
Living cost
21 522
21 522
21 522
21 522
Free-cash
-51 370
-7 529
-5 084
-5 627

Estimated living cost  is ₴21522 per week

₴13964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
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.
₴5259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5392
-₴2565
-₴2693
-₴2197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
social contributions

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

-
-
-
7 992
income
-
-
-
1 558
surtax
-
-
-
-
total
-
-
-
9 550
Employee
22 942
-
18 586
-
surtax
-
-
-
-
social contributions
2 524
-
2 045
-
income
4 772
-
3 587
-
total
7 296
-
5 632
-
Employer
22 942
-
18 586
-
social contributions
5 449
-
4 414
-
total
5 449
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 088
-
-
total
-
5 088
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 745
9 918
10 046
9 550
After tax
10 255
13 082
12 954
13 450
Living cost
15 647
15 647
15 647
15 647
Free-cash
-5 392
-2 565
-2 693
-2 197

Estimated living cost  is ₴15647 per week

₴11707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴18002
-₴12499
-₴9847
-₴10183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
713
social contributions
-
-
-
655
income
-
-
-
747
pensions
-
-
-
6 775
health
-
-
-
200
surtax
-
-
-
-
total
-
-
-
9 090
Employee
31 243
-
17 526
-
surtax
-
-
-
-
pensions
3 534
-
1 981
-
social contributions
890
-
500
-
income
2 726
-
798
-
total
7 150
-
3 279
-
Employer
31 243
-
17 526
-
other
1 078
-
605
-
pensions
5 134
-
2 880
-
unemployment
1 266
-
710
-
social contributions
94
-
53
-
health
2 187
-
1 227
-
total
9 759
-
5 475
-
Corporate
-
23 000
-
-
income
-
6 440
-
-
surtax
-
-
-
-
total
-
6 440
-
-
Dividends
-
16 560
-
-
withholding
-
2 119
-
-
social contributions
-
2 847
-
-
surtax
-
-
-
-
total
-
4 966
-
-
Income
23 000
23 000
23 000
23 000
Total tax
16 909
11 406
8 754
9 090
After tax
6 091
11 594
14 246
13 910
Living cost
24 093
24 093
24 093
24 093
Free-cash
-18 002
-12 499
-9 847
-10 183

Estimated living cost  is ₴24093 per week

₴16306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1971
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.
₴5486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4029
₴5705
₴3624
₴2944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 061
total
-
-
-
5 061
Employee
16 037
-
19 913
-
social contributions
1 042
-
1 294
-
income
-
-
-
-
total
1 042
-
1 294
-
Employer
16 037
-
19 913
-
social contributions
2 486
-
3 087
-
total
2 486
-
3 087
-
Corporate
4 477
23 000
-
-
income
448
2 300
-
-
total
448
2 300
-
-
Dividends
4 030
20 700
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
3 976
2 300
4 381
5 061
After tax
19 024
20 700
18 619
17 939
Living cost
14 995
14 995
14 995
14 995
Free-cash
4 029
5 705
3 624
2 944

Estimated living cost  is ₴14995 per week

₴9695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴85564
-₴85564
-₴85564
-₴8705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
432
municipal
-
-
-
3 441
labour market
-
-
-
1 805
national
-
-
-
2 030
total
-
-
-
7 708
Employee
101 287
101 287
101 287
-
national
12 374
12 374
12 374
-
municipal
21 568
21 568
21 568
-
labour market
8 091
8 091
8 091
-
pensions
144
144
144
-
total
42 177
42 177
42 177
-
Employer
101 287
101 287
101 287
-
municipal
21 603
21 603
21 603
-
pensions
288
288
288
-
national
12 396
12 396
12 396
-
labour market
8 103
8 103
8 103
-
total
42 390
42 390
42 390
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
84 567
84 567
84 567
7 708
After tax
-61 567
-61 567
-61 567
15 292
Living cost
23 997
23 997
23 997
23 997
Free-cash
-85 564
-85 564
-85 564
-8 705

Estimated living cost  is ₴23997 per week

₴16424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴175
-₴9139
₴1144
₴4960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
188
income
-
-
-
3 503
pensions
-
-
-
2 112
accident
-
-
-
128
health
-
-
-
1 107
total
-
-
-
7 038
Employee
17 307
-
19 106
-
health
1 982
-
2 188
-
pensions
1 949
-
2 151
-
income
2 374
-
2 621
-
total
6 305
-
6 960
-
Employer
17 307
-
19 106
-
accident
289
-
319
-
pensions
2 814
-
3 107
-
unemployment
424
-
468
-
total
3 527
-
3 894
-
Corporate
2 166
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.

1 950
20 700
-
-
total
1 950
20 700
-
-
Dividends
217
2 300
-
-
withholding
41
437
-
-
total
41
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
11 823
21 137
10 854
7 038
After tax
11 177
1 863
12 146
15 962
Living cost
11 002
11 002
11 002
11 002
Free-cash
175
-9 139
1 144
4 960

Estimated living cost  is ₴11002 per week

₴8008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8197
-₴3235
-₴4730
-₴783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 114
national
-
-
-
372
health
-
-
-
146
total
-
-
-
4 632
Employee
26 245
-
19 350
-
national
434
-
61
-
unemployment
394
-
291
-
health
196
-
90
-
municipal
4 299
-
3 180
-
pensions
1 771
-
1 306
-
total
7 094
-
4 928
-
Employer
26 245
-
19 350
-
accident
27
-
19
-
pensions
4 553
-
3 357
-
unemployment
170
-
126
-
health
202
-
149
-
total
4 952
-
3 651
-
Corporate
-
23 000
-
-
income
-
4 600
-
-
total
-
4 600
-
-
Dividends

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

-
13 800
-
-
municipal
-
2 484
-
-
national
-
-
-
-
total
-
2 484
-
-
Income
23 000
23 000
23 000
23 000
Total tax
12 046
7 084
8 579
4 632
After tax
10 954
15 916
14 421
18 368
Living cost
19 151
19 151
19 151
19 151
Free-cash
-8 197
-3 235
-4 730
-783

Estimated living cost  is ₴19151 per week

₴12510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2725
₴170
₴3170
₴7203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73
health
-
-
-
587
total
-
-
-
4 248
Employee
38 358
38 358
38 358
-
health
297
652
355
-
social contributions
1 450
3 184
1 733
-
income
4 177
3 551
4 074
-
total
5 924
7 387
6 162
-
Employer
38 358
38 358
38 358
-
social contributions
1 450
3 184
1 733
-
health
323
710
386
-
total
1 773
3 894
2 119
-
Corporate
3 754
-
-
-
income
470
-
-
-
total
470
-
-
-
Dividends
3 284
-
-
-
withholding
559
-
-
-
total
559
-
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 726
11 281
8 281
4 248
After tax
14 274
11 719
14 719
18 752
Living cost
11 549
11 549
11 549
11 549
Free-cash
2 725
170
3 170
7 203

Estimated living cost  is ₴11549 per week

₴6922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
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.
₴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 Larnaca model

Close
Podgorica , Montenegro
₴8589
₴11126
₴6362
₴8284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
23 000
unemployment
-
-
-
14
income
-
-
-
1 804
pensions
-
-
-
3 173
health
-
-
-
1 805
total
-
-
-
6 796
Employee

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

11 450
-
20 852
-
unemployment
57
-
104
-
health
973
-
1 772
-
pensions
1 717
-
3 128
-
income
783
-
1 567
-
total
3 530
-
6 571
-
Employer

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

11 450
-
20 852
-
pensions
630
-
1 147
-
unemployment
57
-
104
-
health
492
-
896
-
total
1 179
-
2 147
-
Corporate
10 372
23 000
-
-
income
933
2 070
-
-
total
933
2 070
-
-
Dividends
9 438
20 930
-
-
withholding
849
1 884
-
-
total
849
1 884
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 491
3 954
8 718
6 796
After tax
16 509
19 046
14 282
16 204
Living cost
7 920
7 920
7 920
7 920
Free-cash
8 589
11 126
6 362
8 284

Estimated living cost  is ₴7920 per week

₴5053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1325
₴1841
-₴717
-₴892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
23
unemployment
-
-
-
161
income
-
-
-
3 275
pensions
-
-
-
6 509
accident
-
-
-
207
total
-
-
-
10 175
Employee
18 445
-
17 440
-
unemployment
286
-
271
-
other
18
-
17
-
pensions
867
-
820
-
income
3 556
-
3 331
-
total
4 727
-
4 439
-
Employer
18 445
-
17 440
-
other
148
-
140
-
accident
365
-
346
-
pensions
4 353
-
4 116
-
unemployment
1 015
-
959
-
total
5 881
-
5 561
-
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
-
3 992
-
-
total
-
3 992
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 608
7 442
10 000
10 175
After tax
12 392
15 558
13 000
12 825
Living cost
13 717
13 717
13 717
13 717
Free-cash
-1 325
1 841
-717
-892

Estimated living cost  is ₴13717 per week

₴9259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13239
₴13395
₴13362
₴13431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
income
-
-
-
7 408
pensions
-
-
-
698
health
-
-
-
506
total
-
-
-
8 612
Employee
1 458
-
22 215
-
unemployment
15
-
35
-
health
73
-
175
-
pensions
131
-
314
-
income
282
-
7 371
-
total
501
-
7 895
-
Employer
1 458
-
22 215
-
pensions
160
-
384
-
unemployment
29
-
70
-
health
138
-
332
-
total
327
-
786
-
Corporate
21 215
23 000
-
-
income
4 667
5 060
-
-
total
4 667
5 060
-
-
Dividends
16 547
17 940
-
-
withholding
3 309
3 588
-
-
total
3 309
3 588
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 804
8 648
8 681
8 612
After tax
14 196
14 352
14 319
14 388
Living cost
957
957
957
957
Free-cash
13 239
13 395
13 362
13 431

Estimated living cost  is ₴957 per week

₴569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5557
₴8008
₴3920
₴2930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
23 000
unemployment
-
-
-
345
income
-
-
-
2 766
pensions
-
-
-
5 980
health
-
-
-
2 369
total
-
-
-
11 460
Employee

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

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

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

12 984
-
19 508
-
unemployment
97
-
146
-
health
669
-
1 005
-
pensions
1 818
-
2 731
-
income
1 790
-
3 096
-
total
4 374
-
6 978
-
Employer

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

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

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

12 984
-
19 508
-
pensions
1 558
-
2 341
-
unemployment
97
-
146
-
health
669
-
1 005
-
total
2 324
-
3 492
-
Corporate
7 692
23 000
-
-
income
1 154
3 450
-
-
total
1 154
3 450
-
-
Dividends
6 538
19 550
-
-
withholding
981
2 932
-
-
total
981
2 932
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 833
6 382
10 470
11 460
After tax
14 167
16 618
12 530
11 540
Living cost
8 610
8 610
8 610
8 610
Free-cash
5 557
8 008
3 920
2 930

Estimated living cost  is ₴8610 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1898
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴959
-₴366
-₴494
₴2
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
social contributions

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

-
-
-
7 992
income
-
-
-
1 558
surtax
-
-
-
-
total
-
-
-
9 550
Employee
19 361
-
18 586
-
surtax
-
-
-
-
social contributions
2 130
-
2 045
-
income
3 783
-
3 587
-
total
5 913
-
5 632
-
Employer
19 361
-
18 586
-
social contributions
4 598
-
4 414
-
total
4 598
-
4 414
-
Corporate
-
23 000
-
-
income
-
4 830
-
-
surtax
-
-
-
-
total
-
4 830
-
-
Dividends
-
18 170
-
-
withholding
-
5 088
-
-
total
-
5 088
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 511
9 918
10 046
9 550
After tax
12 489
13 082
12 954
13 450
Living cost
13 448
13 448
13 448
13 448
Free-cash
-959
-366
-494
2

Estimated living cost  is ₴13448 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-₴8772
-₴1973
-₴4531
-₴4706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
23
unemployment
-
-
-
161
income
-
-
-
3 275
pensions
-
-
-
6 509
accident
-
-
-
207
total
-
-
-
10 175
Employee
24 091
-
17 440
-
unemployment
373
-
271
-
other
24
-
17
-
pensions
1 132
-
820
-
income
5 032
-
3 331
-
total
6 561
-
4 439
-
Employer
24 091
-
17 440
-
other
193
-
140
-
accident
477
-
346
-
pensions
5 685
-
4 116
-
unemployment
1 325
-
959
-
total
7 680
-
5 561
-
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
-
3 992
-
-
total
-
3 992
-
-
Income
23 000
23 000
23 000
23 000
Total tax
14 241
7 442
10 000
10 175
After tax
8 759
15 558
13 000
12 825
Living cost
17 531
17 531
17 531
17 531
Free-cash
-8 772
-1 973
-4 531
-4 706

Estimated living cost  is ₴17531 per week

₴12590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3331
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8044
₴11084
₴6519
₴6316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
unemployment
-
-
-
70
income
-
-
-
3 450
pensions

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

-
-
-
2 579
health
-
-
-
2 004
total
-
-
-
8 103
Employee
11 362
-
19 582
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
health
523
-
801
-
pensions

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

998
-
1 530
-
income
1 136
-
1 958
-
total
2 782
-
4 481
-
Employer
11 362
-
19 582
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 252
-
1 920
-
unemployment
68
-
105
-
health
784
-
1 202
-
total
2 229
-
3 419
-
Corporate
9 408
23 000
-
-
income
941
2 300
-
-
total
941
2 300
-
-
Dividends
8 468
20 700
-
-
withholding
423
1 035
-
-
total
423
1 035
-
-
Income
23 000
23 000
23 000
23 000
Total tax
6 375
3 335
7 900
8 103
After tax
16 625
19 665
15 100
14 897
Living cost
8 581
8 581
8 581
8 581
Free-cash
8 044
11 084
6 519
6 316

Estimated living cost  is ₴8581 per week

₴5675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴1821
-₴7316
-₴1299
-₴1299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
trade
-
-
-
-
income

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

-
-
-
1 547
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.

-
-
-
3 408
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.

-
-
-
85
total
-
-
-
5 040
Employee

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

24 820
-
23 000
-
surtax

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

113
-
85
-
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.

3 408
-
3 408
-
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.

2 041
-
1 547
-
total
5 562
-
5 040
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 000
-
-
trade
-
3 301
-
-
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.

-
189
-
-
chamber of commerce
-
110
-
-
total
-
7 050
-
-
Dividends
-
15 950
-
-
withholding
-
3 798
-
-
surtax

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

-
209
-
-
total
-
4 007
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 562
11 057
5 040
5 040
After tax
17 438
11 943
17 960
17 960
Living cost
19 258
19 258
19 258
19 258
Free-cash
-1 821
-7 316
-1 299
-1 299

Estimated living cost  is ₴19258 per week

₴13285
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.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16021
-₴12316
-₴9933
-₴9933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
social contributions
-
-
-
1 479
income
-
-
-
3 038
total
-
-
-
4 517
Employee
39 020
-
23 000
-
social contributions
3 242
-
1 479
-
income
7 363
-
3 038
-
total
10 605
-
4 517
-
Employer
39 020
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
income
-
2 875
-
-
total
-
2 875
-
-
Dividends
-
20 125
-
-
withholding
-
4 025
-
-
total
-
4 025
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 605
6 900
4 517
4 517
After tax
12 395
16 100
18 483
18 483
Living cost
28 416
28 416
28 416
28 416
Free-cash
-16 021
-12 316
-9 933
-9 933

Estimated living cost  is ₴28416 per week

₴21618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3666
-₴5401
-₴1334
-₴12359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
23 000
health

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

-
-
-
3 052
income
-
-
-
14 199
total
-
-
-
17 251
Employee
22 883
-
20 906
-
social contributions
2 293
-
2 094
-
income
2 483
-
2 038
-
total
4 776
-
4 132
-
Employer
22 883
-
20 906
-
social contributions
2 293
-
2 094
-
total
2 293
-
2 094
-
Corporate
-
23 000
-
-
income
-
8 050
-
-
total
-
8 050
-
-
Dividends
-
14 950
-
-
social contributions
1 489
2 243
-
-
total
1 489
2 243
-
-
Income
23 000
23 000
23 000
23 000
Total tax
8 558
10 293
6 226
17 251
After tax
14 442
12 707
16 774
5 749
Living cost
18 108
18 108
18 108
18 108
Free-cash
-3 666
-5 401
-1 334
-12 359

Estimated living cost  is ₴18108 per week

₴11927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5074
-₴1029
-₴3016
-₴860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
income
-
-
-
4 350
pensions
-
-
-
1 249
total
-
-
-
5 599
Employee
25 065
-
20 680
-
health
327
-
237
-
pensions
1 913
-
1 387
-
income
4 565
-
3 811
-
total
6 805
-
5 435
-
Employer
25 065
-
20 680
-
pensions
2 532
-
1 927
-
health
476
-
393
-
total
3 008
-
2 320
-
Corporate
-
23 000
-
-
income

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

-
4 370
-
-
total
-
4 370
-
-
Dividends
-
18 630
-
-
withholding
-
1 398
-
-
total
-
1 398
-
-
Income
23 000
23 000
23 000
23 000
Total tax
9 813
5 768
7 755
5 599
After tax
13 187
17 232
15 245
17 401
Living cost
18 261
18 261
18 261
18 261
Free-cash
-5 074
-1 029
-3 016
-860

Estimated living cost  is ₴18261 per week

₴12527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8
-₴10228
₴55
₴3871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 000
other
-
-
-
188
income
-
-
-
3 503
pensions
-
-
-
2 112
accident
-
-
-
128
health
-
-
-
1 107
total
-
-
-
7 038
Employee
19 020
-
19 106
-
health
2 178
-
2 188
-
pensions
2 142
-
2 151
-
income
2 609
-
2 621
-
total
6 929
-
6 960
-
Employer
19 020
-
19 106
-
accident
318
-
319
-
pensions
3 092
-
3 107
-
unemployment
466
-
468
-
total
3 876
-
3 894
-
Corporate
104
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.

94
20 700
-
-
total
94
20 700
-
-
Dividends
10
2 300
-
-
withholding
2
437
-
-
total
2
437
-
-
Income
23 000
23 000
23 000
23 000
Total tax
10 901
21 137
10 854
7 038
After tax
12 099
1 863
12 146
15 962
Living cost
12 091
12 091
12 091
12 091
Free-cash
8
-10 228
55
3 871

Estimated living cost  is ₴12091 per week

₴8873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Warsaw model

Close
Skopje , Macedonia
₴10406
₴12826
₴7137
₴7137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
23 000
unemployment
-
-
-
276
income
-
-
-
2 814
pensions
-
-
-
4 232
health insurance
-
-
-
1 702
work injury
-
-
-
115
total
-
-
-
9 139
Employee

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

10 758
-
23 000
-
health insurance
796
-
1 702
-
unemployment
129
-
276
-
work injury
54
-
115
-
pensions
1 979
-
4 232
-
income
1 076
-
2 814
-
total
4 034
-
9 139
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 242
23 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
12 242
23 000
-
-
withholding
1 836
3 450
-
-
total
1 836
3 450
-
-
Income
23 000
23 000
23 000
23 000
Total tax
5 870
3 450
9 139
9 139
After tax
17 130
19 550
13 861
13 861
Living cost
6 724
6 724
6 724
6 724
Free-cash
10 406
12 826
7 137
7 137

Estimated living cost  is ₴6724 per week

₴4165
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.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19035
-₴7757
-₴8587
-₴7309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
324
social contributions
-
-
-
5 915
municipal
-
-
-
153
national
-
-
-
4 045
total
-
-
-
10 437
Employee
42 035
-
23 000
-
national
7 103
-
3 548
-
regional
635
-
274
-
municipal
251
-
137
-
social contributions
14 174
-
7 756
-
total
22 163
-
11 715
-
Employer
42 035
-
23 000
-
total
-
-
-
-
Corporate
-
23 000
-
-
nationa
-
5 520
-
-
municipal
-
1 108
-
-
total
-
6 628
-
-
Dividends
-
16 372
-
-
withholding
-
4 257
-
-
total
-
4 257
-
-
Income
23 000
23 000
23 000
23 000
Total tax
22 163
10 885
11 715
10 437
After tax
837
12 115
11 285
12 563
Living cost
19 872
19 872
19 872
19 872
Free-cash
-19 035
-7 757
-8 587
-7 309

Estimated living cost  is ₴19872 per week

₴13959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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Estimated living cost

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