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
₴ 23500
per

Your estimated
City
free-cash

Dresden , Germany
₴4526
₴5087
₴3691
-₴1051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
trade
-
-
-
561
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.

-
-
-
2 930
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.

-
-
-
2 364
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.

-
-
-
130
total
-
-
-
5 985
Employee

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

16 401
-
23 500
-
surtax

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

25
-
130
-
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.

458
-
2 364
-
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.

2 930
-
2 930
-
total
3 413
-
5 424
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 099
23 500
-
-
trade
1 118
3 701
-
-
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.

59
194
-
-
income
1 064
3 525
-
-
chamber of commerce
76
98
-
-
total
2 317
7 518
-
-
Dividends
4 782
15 982
-
-
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.

57
211
-
-
withholding
1 033
3 833
-
-
total
1 090
4 044
-
-
Income
23 500
23 500
23 500
23 500
Total tax
6 820
11 562
5 424
5 985
After tax
16 680
11 938
18 076
17 515
Living cost
12 989
12 989
12 989
12 989
Free-cash
3 691
-1 051
5 087
4 526

Estimated living cost  is ₴12989 per week

₴8170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
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.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6836
-₴6651
-₴13079
-₴6969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
253
municipal
-
-
-
2 208
national
-
-
-
3 422
pensions
-
-
-
2 820
total
-
-
-
8 703
Employee
33 535
-
20 316
-
pensions
1 341
-
813
-
national
6 419
-
3 563
-
municipal
4 142
-
2 299
-
total
11 902
-
6 675
-
Employer
33 535
-
20 316
-
pensions
2 683
-
1 625
-
social contributions
361
-
218
-
total
3 044
-
1 843
-
Corporate
-
23 500
-
-
income

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

-
4 700
-
-
total
-
4 700
-
-
Dividends
-
18 800
-
-
withholding
-
4 136
-
-
total
-
4 136
-
-
Income
23 500
23 500
23 500
23 500
Total tax
14 946
8 836
8 518
8 703
After tax
8 554
14 664
14 982
14 797
Living cost
21 633
21 633
21 633
21 633
Free-cash
-13 079
-6 969
-6 651
-6 836

Estimated living cost  is ₴21633 per week

₴14704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9704
₴4546
₴6361
₴9879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
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.

-
-
-
1 350
income
-
-
-
-
microenterprise
-
-
-
3 525
surtax
-
-
-
-
total
-
-
-
4 875
Employee
12 530
-
18 938
-
income
2 231
-
3 388
-
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.

1 379
-
2 083
-
surtax
-
-
-
-
total
3 610
-
5 471
-
Employer
12 530
-
18 938
-
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.

3 018
-
4 562
-
surtax
-
-
-
-
total
3 018
-
4 562
-
Corporate
7 951
23 500
-
-
income

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

1 590
4 700
-
-
total
1 590
4 700
-
-
Dividends

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

6 361
18 800
-
-
total
-
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
8 218
4 700
10 033
4 875
After tax
15 282
18 800
13 467
18 625
Living cost
8 921
8 921
8 921
8 921
Free-cash
6 361
9 879
4 546
9 704

Estimated living cost  is ₴8921 per week

₴5691
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴4517
-₴19082
-₴19082
-₴16675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
health
-
-
-
3 607
income
-
-
-
2 216
pensions
-
-
-
4 230
total
-
-
-
10 053
Employee
36 619
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
6 591
5 024
6 591
-
health
5 621
4 781
5 621
-
total
18 206
15 799
18 206
-
Employer
36 619
36 619
36 619
-
pensions
2 549
2 549
2 549
-
health
2 545
2 545
2 545
-
unemployment
1 318
1 318
1 318
-
total
6 412
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
24 618
22 211
24 618
10 053
After tax
-1 118
1 289
-1 118
13 447
Living cost
17 964
17 964
17 964
17 964
Free-cash
-19 082
-16 675
-19 082
-4 517

Estimated living cost  is ₴17964 per week

₴12731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4775
-₴3940
-₴7377
-₴3658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
2 731
unemployment
-
-
-
24
accident
-
-
-
47
municipal
-
-
-
4 978
health
-
-
-
1 466
national
-
-
-
-
pensions
-
-
-
2 540
total
-
-
-
11 786
Employee
23 495
-
17 882
-
national
-
-
-
-
municipal
7 006
-
5 332
-
total
7 006
-
5 332
-
Employer
23 495
-
17 882
-
pensions
2 540
-
1 933
-
other
2 730
-
2 078
-
accident
47
-
36
-
health
1 445
-
1 100
-
unemployment
620
-
472
-
total
7 382
-
5 619
-
Corporate
-
23 500
-
-
income
-
5 170
-
-
total
-
5 170
-
-
Dividends
-
18 330
-
-
withholding
-
5 499
-
-
total
-
5 499
-
-
Income
23 500
23 500
23 500
23 500
Total tax
14 388
10 669
10 951
11 786
After tax
9 112
12 831
12 549
11 714
Living cost
16 489
16 489
16 489
16 489
Free-cash
-7 377
-3 658
-3 940
-4 775

Estimated living cost  is ₴16489 per week

₴10928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴644
₴1230
₴994
-₴5027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
trade
-
-
-
586
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.

-
-
-
2 930
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.

-
-
-
2 364
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.

-
-
-
130
total
-
-
-
6 010
Employee

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

21 746
-
23 500
-
surtax

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

103
-
130
-
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.

1 868
-
2 364
-
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.

2 930
-
2 930
-
total
4 901
-
5 424
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 754
23 500
-
-
trade
289
3 865
-
-
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.

15
194
-
-
income
263
3 525
-
-
chamber of commerce
68
98
-
-
total
635
7 682
-
-
Dividends
1 120
15 817
-
-
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.

7
208
-
-
withholding
117
3 791
-
-
total
124
3 999
-
-
Income
23 500
23 500
23 500
23 500
Total tax
5 660
11 681
5 424
6 010
After tax
17 840
11 819
18 076
17 490
Living cost
16 846
16 846
16 846
16 846
Free-cash
994
-5 027
1 230
644

Estimated living cost  is ₴16846 per week

₴11267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4653
₴1889
₴1626
-₴106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
3 666
health
-
-
-
599
income
-
-
-
673
total
-
-
-
4 938
Employee
32 974
32 974
32 974
-
income
3 463
3 052
3 402
-
social contributions
1 602
2 737
1 771
-
health
328
561
363
-
total
5 393
6 350
5 536
-
Employer
32 974
32 974
32 974
-
health
357
610
395
-
social contributions
1 602
2 737
1 771
-
total
1 959
3 347
2 166
-
Corporate
2 239
-
-
-
income
280
-
-
-
total
280
-
-
-
Dividends
1 959
-
-
-
withholding
333
-
-
-
total
333
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
7 965
9 697
7 702
4 938
After tax
15 535
13 803
15 798
18 562
Living cost
13 909
13 909
13 909
13 909
Free-cash
1 626
-106
1 889
4 653

Estimated living cost  is ₴13909 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Limassol model

Close
Budapest , Hungary
₴8459
₴5801
₴5653
₴5490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
unemployment
-
-
-
352
health
-
-
-
1 645
income
-
-
-
2 873
pensions
-
-
-
2 350
total
-
-
-
7 220
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.

11 289
4 493
19 665
-
income
1 380
549
2 404
-
pensions
1 129
449
1 967
-
unemployment
169
67
295
-
health
790
315
1 377
-
total
3 468
1 380
6 043
-
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.

11 289
4 493
19 665
-
pensions
2 201
876
3 835
-
total
2 201
876
3 835
-
Corporate
10 009
18 131
-
-
income
901
1 632
-
-
total
901
1 632
-
-
Dividends
9 109
16 499
-
-
social contributions
1 725
3 166
-
-
withholding
1 731
3 135
-
-
total
3 456
6 301
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 026
10 189
9 878
7 220
After tax
13 474
13 311
13 622
16 280
Living cost
7 821
7 821
7 821
7 821
Free-cash
5 653
5 490
5 801
8 459

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2767
₴3584
₴5779
₴8442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
health
-
-
-
3 055
income
-
-
-
2 620
pensions
-
-
-
4 700
total
-
-
-
10 375
Employee
12 165
-
17 564
-
income
1 370
-
2 989
-
pensions
243
-
352
-
unemployment
194
-
281
-
total
1 807
-
3 622
-
Employer
12 165
-
17 564
-
pensions
2 433
-
3 512
-
health
1 581
-
2 283
-
unemployment
98
-
141
-
total
4 112
-
5 936
-
Corporate
7 223
23 500
-
-
income
1 444
4 700
-
-
total
1 444
4 700
-
-
Dividends
5 779
18 800
-
-
total
-
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
7 363
4 700
9 558
10 375
After tax
16 137
18 800
13 942
13 125
Living cost
10 358
10 358
10 358
10 358
Free-cash
5 779
8 442
3 584
2 767

Estimated living cost  is ₴10358 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6853
₴3013
₴462
-₴7495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
4 274
pensions
-
-
-
1 777
total
-
-
-
7 249
Employee
14 784
-
19 521
-
income
2 028
-
2 678
-
pensions
1 665
-
2 198
-
health
1 693
-
2 235
-
total
5 386
-
7 111
-
Employer
14 784
-
19 521
-
pensions
2 404
-
3 174
-
accident
247
-
326
-
unemployment
362
-
478
-
total
3 013
-
3 978
-
Corporate
5 703
23 500
-
-
income

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

5 133
21 150
-
-
total
5 133
21 150
-
-
Dividends
570
2 350
-
-
withholding
108
447
-
-
total
108
447
-
-
Income
23 500
23 500
23 500
23 500
Total tax
13 640
21 597
11 089
7 249
After tax
9 860
1 903
12 411
16 251
Living cost
9 398
9 398
9 398
9 398
Free-cash
462
-7 495
3 013
6 853

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19401
₴14936
₴17736
₴18461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
23 500
microenterprise

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

-
-
-
235
total
-
-
-
235
Employee
4 830
-
23 500
-
income
966
-
4 700
-
total
966
-
4 700
-
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%.

18 670
23 500
-
-
total
-
-
-
-
Dividends
18 670
23 500
-
-
withholding
934
1 175
-
-
total
934
1 175
-
-
Income
23 500
23 500
23 500
23 500
Total tax
1 900
1 175
4 700
235
After tax
21 600
22 325
18 800
23 265
Living cost
3 864
3 864
3 864
3 864
Free-cash
17 736
18 461
14 936
19 401

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1299
₴2346
₴2944
₴5839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
1 116
health
-
-
-
1 034
income
-
-
-
2 985
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.

-
-
-
5 640
total
-
-
-
10 775
Employee
15 570
-
18 769
-
income
2 681
-
3 231
-
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.

1 090
-
1 314
-
unemployment
155
-
188
-
health
218
-
263
-
total
4 144
-
4 996
-
Employer
15 570
-
18 769
-
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.

2 647
-
3 191
-
other
779
-
939
-
accident
125
-
151
-
health
218
-
263
-
unemployment
155
-
188
-
total
3 924
-
4 732
-
Corporate
4 006
23 500
-
-
income
841
4 935
-
-
total
841
4 935
-
-
Dividends
3 165
18 565
-
-
withholding
221
1 300
-
-
total
221
1 300
-
-
Income
23 500
23 500
23 500
23 500
Total tax
9 130
6 235
9 728
10 775
After tax
14 370
17 265
13 772
12 725
Living cost
11 426
11 426
11 426
11 426
Free-cash
2 944
5 839
2 346
1 299

Estimated living cost  is ₴11426 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11159
-₴13494
-₴22901
-₴11236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
income
-
-
-
4 421
pensions
-
-
-
1 395
total
-
-
-
5 816
Employee
40 808
-
21 014
-
income
7 356
-
3 837
-
pensions
3 937
-
1 561
-
health
672
-
267
-
total
11 965
-
5 665
-
Employer
40 808
-
21 014
-
pensions
4 818
-
2 087
-
health
775
-
399
-
total
5 593
-
2 486
-
Corporate
-
23 500
-
-
income

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

-
4 465
-
-
total
-
4 465
-
-
Dividends
-
19 035
-
-
withholding
-
1 428
-
-
total
-
1 428
-
-
Income
23 500
23 500
23 500
23 500
Total tax
17 558
5 893
8 151
5 816
After tax
5 942
17 607
15 349
17 684
Living cost
28 843
28 843
28 843
28 843
Free-cash
-22 901
-11 236
-13 494
-11 159

Estimated living cost  is ₴28843 per week

₴21612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
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.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10356
₴10716
₴12479
₴14472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 525
pensions

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

-
-
-
2 216
total
-
-
-
7 523
Employee
7 443
-
20 562
-
income
744
-
2 056
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
4 225
-
Employer
7 443
-
20 562
-
pensions

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

820
-
1 650
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 033
-
unemployment
45
-
90
-
total
1 461
-
2 938
-
Corporate
14 596
23 500
-
-
income
1 460
2 350
-
-
total
1 460
2 350
-
-
Dividends
13 136
21 150
-
-
withholding
657
1 057
-
-
total
657
1 057
-
-
Income
23 500
23 500
23 500
23 500
Total tax
5 400
3 407
7 163
7 523
After tax
18 100
20 093
16 337
15 977
Living cost
5 621
5 621
5 621
5 621
Free-cash
12 479
14 472
10 716
10 356

Estimated living cost  is ₴5621 per week

₴3282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10332
-₴24897
-₴23218
-₴22490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
health
-
-
-
3 607
income
-
-
-
2 216
pensions
-
-
-
4 230
total
-
-
-
10 053
Employee
39 757
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
5 024
5 024
6 591
-
health
4 960
4 781
5 621
-
total
15 978
15 799
18 206
-
Employer
39 757
36 619
36 619
-
pensions
2 767
2 549
2 549
-
health
2 763
2 545
2 545
-
unemployment
1 431
1 318
1 318
-
total
6 961
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
22 939
22 211
24 618
10 053
After tax
561
1 289
-1 118
13 447
Living cost
23 779
23 779
23 779
23 779
Free-cash
-23 218
-22 490
-24 897
-10 332

Estimated living cost  is ₴23779 per week

₴17541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1147
₴1628
₴2209
₴5882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
6 862
health
-
-
-
3 173
income
-
-
-
2 020
solidarity contribution
-
-
-
-
total
-
-
-
12 055
Employee
15 144
-
17 537
-
income
1 817
-
2 104
-
solidarity contribution
-
-
-
-
social contributions
984
-
1 140
-
health
2 044
-
2 368
-
total
4 845
-
5 612
-
Employer
15 144
-
17 537
-
health
1 363
-
1 578
-
social contributions
3 786
-
4 384
-
total
5 149
-
5 962
-
Corporate
3 207
23 500
-
-
income
609
4 465
-
-
total
609
4 465
-
-
Dividends
2 598
19 035
-
-
withholding
390
2 855
-
-
total
390
2 855
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 993
7 320
11 574
12 055
After tax
12 507
16 180
11 926
11 445
Living cost
10 298
10 298
10 298
10 298
Free-cash
2 209
5 882
1 628
1 147

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and 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 Brno model

Close
Milan , Italy
-₴5237
-₴6564
-₴14612
-₴5557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
6 044
municipal
-
-
-
140
national
-
-
-
4 225
regional
-
-
-
233
total
-
-
-
10 642
Employee
38 111
-
23 500
-
national
6 604
-
3 717
-
social contributions
12 851
-
7 924
-
municipal
202
-
125
-
regional
360
-
203
-
total
20 017
-
11 969
-
Employer
38 111
-
23 500
-
total
-
-
-
-
Corporate
-
23 500
-
-
nationa
-
5 640
-
-
municipal
-
916
-
-
total
-
6 556
-
-
Dividends
-
16 944
-
-
withholding
-
4 406
-
-
total
-
4 406
-
-
Income
23 500
23 500
23 500
23 500
Total tax
20 017
10 962
11 969
10 642
After tax
3 483
12 538
11 531
12 858
Living cost
18 095
18 095
18 095
18 095
Free-cash
-14 612
-5 557
-6 564
-5 237

Estimated living cost  is ₴18095 per week

₴12613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
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.
₴4017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3914
₴3412
₴3985
₴5318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 669
income
-
-
-
3 475
surtax
-
-
-
181
pensions
-
-
-
4 700
total
-
-
-
10 123
Employee
14 181
-
19 413
-
income
2 377
-
3 254
-
pensions
946
-
1 295
-
unemployment
987
-
1 351
-
health
362
-
495
-
other
-
-
-
-
surtax
46
-
143
-
total
4 718
-
6 538
-
Employer
14 181
-
19 413
-
pensions
1 890
-
2 588
-
other
-
-
-
-
health
645
-
884
-
unemployment
449
-
615
-
total
2 984
-
4 087
-
Corporate
6 334
23 500
-
-
income
1 647
6 110
-
-
total
1 647
6 110
-
-
Dividends
4 687
17 390
-
-
withholding
703
2 609
-
-
total
703
2 609
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 052
8 719
10 625
10 123
After tax
13 448
14 781
12 875
13 377
Living cost
9 463
9 463
9 463
9 463
Free-cash
3 985
5 318
3 412
3 914

Estimated living cost  is ₴9463 per week

₴5786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2021
-₴4356
-₴7329
-₴2098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
income
-
-
-
4 421
pensions
-
-
-
1 395
total
-
-
-
5 816
Employee
27 348
-
21 014
-
income
4 926
-
3 837
-
pensions
2 321
-
1 561
-
health
397
-
267
-
total
7 644
-
5 665
-
Employer
27 348
-
21 014
-
pensions
2 960
-
2 087
-
health
520
-
399
-
total
3 480
-
2 486
-
Corporate
-
23 500
-
-
income

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

-
4 465
-
-
total
-
4 465
-
-
Dividends
-
19 035
-
-
withholding
-
1 428
-
-
total
-
1 428
-
-
Income
23 500
23 500
23 500
23 500
Total tax
11 124
5 893
8 151
5 816
After tax
12 376
17 607
15 349
17 684
Living cost
19 705
19 705
19 705
19 705
Free-cash
-7 329
-2 098
-4 356
-2 021

Estimated living cost  is ₴19705 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
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.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴12466
-₴13660
-₴18047
-₴21668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other

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

-
-
-
470
health
-
-
-
106
city
-
-
-
247
national
-
-
-
67
regional
-
-
-
500
pensions
-
-
-
2 162
total
-
-
-
3 552
Employee
37 933
-
21 034
-
pensions
3 187
-
1 767
-
national
180
-
53
-
unemployment
-
-
-
-
city
407
-
226
-
health
86
-
47
-
regional
1 242
-
419
-
total
5 102
-
2 512
-
Employer
37 933
-
21 034
-
pensions
3 187
-
1 767
-
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.

758
-
420
-
health
86
-
47
-
unemployment
-
-
-
-
total
4 031
-
2 234
-
Corporate
-
23 500
-
-
regional
-
4 970
-
-
national
-
1 997
-
-
total
-
6 967
-
-
Dividends
-
16 533
-
-
withholding
-
5 787
-
-
total
-
5 787
-
-
Income
23 500
23 500
23 500
23 500
Total tax
9 133
12 754
4 746
3 552
After tax
14 367
10 746
18 754
19 948
Living cost
32 414
32 414
32 414
32 414
Free-cash
-18 047
-21 668
-13 660
-12 466

Estimated living cost  is ₴32414 per week

₴21078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2179
-₴1568
-₴2271
-₴7948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
trade
-
-
-
611
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.

-
-
-
2 930
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.

-
-
-
2 364
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.

-
-
-
130
total
-
-
-
6 035
Employee

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

25 771
-
23 500
-
surtax

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

167
-
130
-
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.

3 030
-
2 364
-
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.

2 930
-
2 930
-
total
6 127
-
5 424
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
23 500
-
-
trade
-
4 031
-
-
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
-
-
income
-
3 525
-
-
chamber of commerce
-
98
-
-
total
-
7 848
-
-
Dividends
-
15 652
-
-
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.

-
206
-
-
withholding
-
3 750
-
-
total
-
3 956
-
-
Income
23 500
23 500
23 500
23 500
Total tax
6 127
11 804
5 424
6 035
After tax
17 373
11 696
18 076
17 465
Living cost
19 644
19 644
19 644
19 644
Free-cash
-2 271
-7 948
-1 568
-2 179

Estimated living cost  is ₴19644 per week

₴14347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
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.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴561
-₴327
-₴583
-₴2826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
728
social contributions
-
-
-
670
health
-
-
-
203
income
-
-
-
995
surtax
-
-
-
-
pensions
-
-
-
6 794
total
-
-
-
9 390
Employee
18 353
-
17 907
-
income
1 083
-
1 029
-
pensions
2 075
-
2 025
-
social contributions
523
-
510
-
surtax
-
-
-
-
total
3 681
-
3 564
-
Employer
18 353
-
17 907
-
pensions
3 015
-
2 942
-
other
633
-
618
-
health
1 285
-
1 253
-
unemployment
743
-
725
-
social contributions
55
-
54
-
total
5 731
-
5 592
-
Corporate
-
23 500
-
-
surtax
-
-
-
-
income
-
6 580
-
-
total
-
6 580
-
-
Dividends
-
16 920
-
-
surtax
-
-
-
-
social contributions
-
2 910
-
-
withholding
-
2 165
-
-
total
-
5 075
-
-
Income
23 500
23 500
23 500
23 500
Total tax
9 412
11 655
9 156
9 390
After tax
14 088
11 845
14 344
14 110
Living cost
14 671
14 671
14 671
14 671
Free-cash
-583
-2 826
-327
-561

Estimated living cost  is ₴14671 per week

₴9251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴892
₴1126
₴1006
-₴1373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
728
social contributions
-
-
-
670
health
-
-
-
203
income
-
-
-
995
surtax
-
-
-
-
pensions
-
-
-
6 794
total
-
-
-
9 390
Employee
16 382
-
17 907
-
income
845
-
1 029
-
pensions
1 853
-
2 025
-
social contributions
467
-
510
-
surtax
-
-
-
-
total
3 165
-
3 564
-
Employer
16 382
-
17 907
-
pensions
2 692
-
2 942
-
other
566
-
618
-
health
1 147
-
1 253
-
unemployment
663
-
725
-
social contributions
49
-
54
-
total
5 117
-
5 592
-
Corporate
2 001
23 500
-
-
surtax
-
-
-
-
income
561
6 580
-
-
total
561
6 580
-
-
Dividends
1 441
16 920
-
-
surtax
-
-
-
-
social contributions
248
2 910
-
-
withholding
185
2 165
-
-
total
433
5 075
-
-
Income
23 500
23 500
23 500
23 500
Total tax
9 276
11 655
9 156
9 390
After tax
14 224
11 845
14 344
14 110
Living cost
13 218
13 218
13 218
13 218
Free-cash
1 006
-1 373
1 126
892

Estimated living cost  is ₴13218 per week

₴7666
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5998
₴5037
₴5466
₴5244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
3 243
health
-
-
-
1 641
income
-
-
-
3 525
total
-
-
-
8 409
Employee
14 539
-
23 500
-
income
2 425
-
4 486
-
social contributions
2 007
-
3 243
-
health
1 015
-
1 641
-
total
5 447
-
9 370
-
Employer
14 539
-
23 500
-
total
-
-
-
-
Corporate
8 961
23 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

448
1 175
-
-
total
448
1 175
-
-
Dividends
8 512
22 325
-
-
social contributions
1 175
3 081
-
-
health
594
1 558
-
-
withholding
1 277
3 349
-
-
total
3 046
7 988
-
-
Income
23 500
23 500
23 500
23 500
Total tax
8 941
9 163
9 370
8 409
After tax
14 559
14 337
14 130
15 091
Living cost
9 093
9 093
9 093
9 093
Free-cash
5 466
5 244
5 037
5 998

Estimated living cost  is ₴9093 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2015
-₴5867
-₴4589
-₴1652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
chamber of commerce
-
-
-
94
unemployment
-
-
-
2 630
health
-
-
-
1 798
income
-
-
-
1 451
surtax
-
-
-
85
pensions
-
-
-
4 347
total
-
-
-
10 405
Employee
21 430
17 089
18 184
-
income
2 440
1 261
1 510
-
pensions
2 195
1 750
1 862
-
unemployment
643
513
545
-
health
829
662
704
-
other
214
171
181
-
total
6 321
4 357
4 802
-
Employer
21 430
17 089
18 184
-
pensions
2 689
2 145
2 282
-
other
1 018
811
863
-
accident
278
222
236
-
health
810
646
688
-
payroll
643
513
545
-
chamber of commerce
85
68
72
-
unemployment
643
513
545
-
surtax
85
85
85
-
total
6 251
5 003
5 316
-
Corporate
1 628
1 628
16 556
-
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.

407
407
4 139
-
total
407
407
4 139
-
Dividends
-
1 001
-
-
withholding
-
275
-
-
total
-
275
-
-
Income
23 500
23 500
23 500
23 500
Total tax
12 979
10 042
14 257
10 405
After tax
10 521
13 458
9 243
13 095
Living cost
15 110
15 110
15 110
15 110
Free-cash
-4 589
-1 652
-5 867
-2 015

Estimated living cost  is ₴15110 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2835
-₴5475
-₴16103
-₴2384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
2 620
communal

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

-
-
-
1 253
national
-
-
-
6 827
total
-
-
-
10 700
Employee

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

30 674
-
18 201
-
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.

2 301
-
1 365
-
national
9 430
-
4 711
-
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.

267
-
159
-
communal

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

1 600
-
950
-
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.

1 441
-
855
-
total
15 039
-
8 040
-
Employer

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

30 674
-
18 201
-
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.

2 718
-
1 613
-
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.

399
-
237
-
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.

1 886
-
1 120
-
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.

448
-
266
-
surtax
3 478
-
2 064
-
total
8 929
-
5 300
-
Corporate
-
23 500
-
-
surtax
-
94
-
-
income
-
4 700
-
-
total
-
4 794
-
-
Dividends
-
18 705
-
-
withholding

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

-
5 455
-
-
total
-
5 455
-
-
Income
23 500
23 500
23 500
23 500
Total tax
23 968
10 249
13 340
10 700
After tax
-468
13 251
10 160
12 800
Living cost
15 635
15 635
15 635
15 635
Free-cash
-16 103
-2 384
-5 475
-2 835

Estimated living cost  is ₴15635 per week

₴10071
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.
₴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.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2479
-₴2311
-₴4648
₴392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
24
unemployment
-
-
-
164
accident
-
-
-
212
income
-
-
-
3 442
pensions
-
-
-
6 651
total
-
-
-
10 493
Employee
21 346
-
17 819
-
income
4 504
-
3 513
-
pensions
1 003
-
837
-
unemployment
331
-
276
-
other
21
-
18
-
total
5 859
-
4 644
-
Employer
21 346
-
17 819
-
pensions
5 037
-
4 206
-
other
170
-
142
-
accident
422
-
353
-
unemployment
1 174
-
980
-
total
6 803
-
5 681
-
Corporate
-
23 500
-
-
income

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

-
3 525
-
-
total
-
3 525
-
-
Dividends
-
19 975
-
-
withholding
-
4 097
-
-
total
-
4 097
-
-
Income
23 500
23 500
23 500
23 500
Total tax
12 662
7 622
10 325
10 493
After tax
10 838
15 878
13 175
13 007
Living cost
15 486
15 486
15 486
15 486
Free-cash
-4 648
392
-2 311
-2 479

Estimated living cost  is ₴15486 per week

₴11404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴7680
-₴7199
-₴12854
-₴8518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
accident
-
-
-
212
health
-
-
-
1 762
income
-
-
-
899
communal
-
-
-
-
surtax
-
-
-
1 243
pensions
-
-
-
3 760
total
-
-
-
7 876
Employee
32 474
-
20 992
-
income
3 137
-
986
-
pensions
2 598
-
1 680
-
health
1 445
-
933
-
surtax
1 990
-
1 287
-
total
9 170
-
4 886
-
Employer
32 474
-
20 992
-
pensions
2 598
-
1 680
-
accident
292
-
189
-
health
990
-
640
-
total
3 880
-
2 509
-
Corporate
-
23 500
-
-
communal
-
1 586
-
-
surtax
-
247
-
-
income
-
3 525
-
-
total
-
5 358
-
-
Dividends
-
18 142
-
-
withholding
-
2 721
-
-
income
-
635
-
-
total
-
3 356
-
-
Income
23 500
23 500
23 500
23 500
Total tax
13 050
8 714
7 395
7 876
After tax
10 450
14 786
16 105
15 624
Living cost
23 304
23 304
23 304
23 304
Free-cash
-12 854
-8 518
-7 199
-7 680

Estimated living cost  is ₴23304 per week

₴17481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
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.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3745
₴3243
₴3786
₴5149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 669
income
-
-
-
3 475
surtax
-
-
-
181
pensions
-
-
-
4 700
total
-
-
-
10 123
Employee
14 441
-
19 413
-
income
2 421
-
3 254
-
pensions
963
-
1 295
-
unemployment
1 005
-
1 351
-
health
369
-
495
-
other
-
-
-
-
surtax
51
-
143
-
total
4 809
-
6 538
-
Employer
14 441
-
19 413
-
pensions
1 925
-
2 588
-
other
-
-
-
-
health
657
-
884
-
unemployment
458
-
615
-
total
3 040
-
4 087
-
Corporate
6 019
23 500
-
-
income
1 565
6 110
-
-
total
1 565
6 110
-
-
Dividends
4 454
17 390
-
-
withholding
668
2 609
-
-
total
668
2 609
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 082
8 719
10 625
10 123
After tax
13 418
14 781
12 875
13 377
Living cost
9 632
9 632
9 632
9 632
Free-cash
3 786
5 149
3 243
3 745

Estimated living cost  is ₴9632 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
₴1186
-₴133
-₴287
₴801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
6 044
municipal
-
-
-
140
national
-
-
-
4 225
regional
-
-
-
354
total
-
-
-
10 763
Employee
23 787
-
23 500
-
national
3 769
-
3 717
-
social contributions
8 021
-
7 924
-
municipal
126
-
125
-
regional
320
-
316
-
total
12 236
-
12 082
-
Employer
23 787
-
23 500
-
total
-
-
-
-
Corporate
-
23 500
-
-
nationa
-
5 640
-
-
municipal
-
1 168
-
-
total
-
6 808
-
-
Dividends
-
16 692
-
-
withholding
-
4 340
-
-
total
-
4 340
-
-
Income
23 500
23 500
23 500
23 500
Total tax
12 236
11 148
12 082
10 763
After tax
11 264
12 352
11 418
12 737
Living cost
11 551
11 551
11 551
11 551
Free-cash
-287
801
-133
1 186

Estimated living cost  is ₴11551 per week

₴7184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1245
-₴764
-₴1505
₴3490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
6 862
health
-
-
-
3 173
income
-
-
-
2 020
solidarity contribution
-
-
-
-
total
-
-
-
12 055
Employee
18 661
-
17 537
-
income
2 239
-
2 104
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
1 140
-
health
2 519
-
2 368
-
total
5 971
-
5 612
-
Employer
18 661
-
17 537
-
health
1 679
-
1 578
-
social contributions
4 665
-
4 384
-
total
6 344
-
5 962
-
Corporate
-
23 500
-
-
income
-
4 465
-
-
total
-
4 465
-
-
Dividends
-
19 035
-
-
withholding
-
2 855
-
-
total
-
2 855
-
-
Income
23 500
23 500
23 500
23 500
Total tax
12 315
7 320
11 574
12 055
After tax
11 185
16 180
11 926
11 445
Living cost
12 690
12 690
12 690
12 690
Free-cash
-1 505
3 490
-764
-1 245

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴501
-₴4420
-₴1046
-₴162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
chamber of commerce
-
-
-
94
unemployment
-
-
-
2 630
health
-
-
-
1 798
income
-
-
-
1 451
surtax
-
-
-
-
pensions
-
-
-
4 347
total
-
-
-
10 320
Employee
18 745
17 089
18 246
-
income
1 670
1 261
1 527
-
pensions
1 920
1 750
1 868
-
unemployment
562
513
548
-
health
725
662
706
-
other
187
171
182
-
total
5 064
4 357
4 831
-
Employer
18 745
17 089
18 246
-
pensions
2 353
2 145
2 290
-
other
890
811
867
-
accident
243
222
237
-
health
709
646
690
-
payroll
562
513
548
-
chamber of commerce
75
68
73
-
unemployment
562
513
548
-
surtax
-
-
-
-
total
5 394
4 918
5 253
-
Corporate
1 628
1 628
16 620
-
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.

407
407
4 155
-
total
407
407
4 155
-
Dividends
-
1 086
-
-
withholding
-
299
-
-
total
-
299
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 865
9 981
14 239
10 320
After tax
12 635
13 519
9 261
13 180
Living cost
13 681
13 681
13 681
13 681
Free-cash
-1 046
-162
-4 420
-501

Estimated living cost  is ₴13681 per week

₴8207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17243
₴12778
₴15173
₴16303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
23 500
microenterprise

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

-
-
-
235
total
-
-
-
235
Employee
7 527
-
23 500
-
income
1 506
-
4 700
-
total
1 506
-
4 700
-
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%.

15 973
23 500
-
-
total
-
-
-
-
Dividends
15 973
23 500
-
-
withholding
799
1 175
-
-
total
799
1 175
-
-
Income
23 500
23 500
23 500
23 500
Total tax
2 305
1 175
4 700
235
After tax
21 195
22 325
18 800
23 265
Living cost
6 022
6 022
6 022
6 022
Free-cash
15 173
16 303
12 778
17 243

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1506
₴781
₴1091
₴4678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
unemployment
-
-
-
35
health
-
-
-
2 312
income
-
-
-
3 853
pensions
-
-
-
4 292
total
-
-
-
10 492
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.

18 962
-
20 334
-
income
3 270
-
3 559
-
pensions
2 939
-
3 152
-
unemployment
27
-
28
-
health
1 225
-
1 313
-
total
7 461
-
8 052
-
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.

18 962
-
20 334
-
pensions
1 678
-
1 799
-
health
1 263
-
1 354
-
unemployment
11
-
12
-
total
2 952
-
3 165
-
Corporate
1 585
23 500
-
-
income
301
4 465
-
-
total
301
4 465
-
-
Dividends
1 284
19 035
-
-
withholding
193
2 855
-
-
total
193
2 855
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 907
7 320
11 217
10 492
After tax
12 593
16 180
12 283
13 008
Living cost
11 502
11 502
11 502
11 502
Free-cash
1 091
4 678
781
1 506

Estimated living cost  is ₴11502 per week

₴7894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2219
-₴586
-₴40285
-₴4162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
2 679
income
-
-
-
4 581
total
-
-
-
7 260
Employee
26 467
-
-
-
income
5 838
-
-
-
social contributions
2 170
-
309
-
total
8 008
-
309
-
Employer
26 467
-
-
-
social contributions
37 318
-
5 318
-
total
37 318
-
5 318
-
Corporate
-
23 500
-
-
income
-
5 170
-
-
total
-
5 170
-
-
Dividends
-
18 330
-
-
income
-
4 033
-
-
total
-
4 033
-
-
Income
23 500
23 500
23 500
23 500
Total tax
45 326
9 203
5 627
7 260
After tax
-21 826
14 297
17 873
16 240
Living cost
18 459
18 459
18 459
18 459
Free-cash
-40 285
-4 162
-586
-2 219

Estimated living cost  is ₴18459 per week

₴11977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
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.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴157
-₴424
-₴906
-₴84
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
social contributions

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

-
-
-
8 166
income
-
-
-
1 726
surtax
-
-
-
-
total
-
-
-
9 892
Employee
19 722
-
18 990
-
income
4 102
-
3 874
-
social contributions
2 169
-
2 089
-
surtax
-
-
-
-
total
6 271
-
5 963
-
Employer
19 722
-
18 990
-
social contributions
4 684
-
4 510
-
total
4 684
-
4 510
-
Corporate
-
23 500
-
-
surtax
-
-
-
-
income
-
4 935
-
-
total
-
4 935
-
-
Dividends
-
18 565
-
-
withholding
-
5 198
-
-
total
-
5 198
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 955
10 133
10 473
9 892
After tax
12 545
13 367
13 027
13 608
Living cost
13 451
13 451
13 451
13 451
Free-cash
-906
-84
-424
157

Estimated living cost  is ₴13451 per week

₴10064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6601
-₴6367
-₴11746
-₴8866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
728
social contributions
-
-
-
670
health
-
-
-
203
income
-
-
-
995
surtax
-
-
-
-
pensions
-
-
-
6 794
total
-
-
-
9 390
Employee
26 858
-
17 907
-
income
2 343
-
1 029
-
pensions
3 038
-
2 025
-
social contributions
765
-
510
-
surtax
-
-
-
-
total
6 146
-
3 564
-
Employer
26 858
-
17 907
-
pensions
4 413
-
2 942
-
other
927
-
618
-
health
1 880
-
1 253
-
unemployment
1 088
-
725
-
social contributions
81
-
54
-
total
8 389
-
5 592
-
Corporate
-
23 500
-
-
surtax
-
-
-
-
income
-
6 580
-
-
total
-
6 580
-
-
Dividends
-
16 920
-
-
surtax
-
-
-
-
social contributions
-
2 910
-
-
withholding
-
2 165
-
-
total
-
5 075
-
-
Income
23 500
23 500
23 500
23 500
Total tax
14 535
11 655
9 156
9 390
After tax
8 965
11 845
14 344
14 110
Living cost
20 711
20 711
20 711
20 711
Free-cash
-11 746
-8 866
-6 367
-6 601

Estimated living cost  is ₴20711 per week

₴14017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
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.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5440
₴6135
₴6819
₴8260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
5 170
income
-
-
-
-
total
-
-
-
5 170
Employee
13 786
-
20 347
-
social contributions
896
-
1 322
-
income
-
-
-
-
total
896
-
1 322
-
Employer
13 786
-
20 347
-
social contributions
2 137
-
3 153
-
total
2 137
-
3 153
-
Corporate
7 577
23 500
-
-
income
758
2 350
-
-
total
758
2 350
-
-
Dividends
6 819
21 150
-
-
total
-
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
3 791
2 350
4 475
5 170
After tax
19 709
21 150
19 025
18 330
Living cost
12 890
12 890
12 890
12 890
Free-cash
6 819
8 260
6 135
5 440

Estimated living cost  is ₴12890 per week

₴8335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴5332
-₴69961
-₴69961
-₴69961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
municipal
-
-
-
3 754
national
-
-
-
2 197
labour market
-
-
-
1 850
pensions
-
-
-
372
total
-
-
-
8 173
Employee
87 195
87 195
87 195
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 652
10 652
10 652
-
municipal
18 568
18 568
18 568
-
total
36 310
36 310
36 310
-
Employer
87 195
87 195
87 195
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
72 802
72 802
72 802
8 173
After tax
-49 302
-49 302
-49 302
15 327
Living cost
20 659
20 659
20 659
20 659
Free-cash
-69 961
-69 961
-69 961
-5 332

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6992
₴3152
₴485
-₴7356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
4 274
pensions
-
-
-
1 777
total
-
-
-
7 249
Employee
14 566
-
19 521
-
income
1 998
-
2 678
-
pensions
1 640
-
2 198
-
health
1 668
-
2 235
-
total
5 306
-
7 111
-
Employer
14 566
-
19 521
-
pensions
2 368
-
3 174
-
accident
243
-
326
-
unemployment
357
-
478
-
total
2 968
-
3 978
-
Corporate
5 966
23 500
-
-
income

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

5 369
21 150
-
-
total
5 369
21 150
-
-
Dividends
597
2 350
-
-
withholding
113
447
-
-
total
113
447
-
-
Income
23 500
23 500
23 500
23 500
Total tax
13 756
21 597
11 089
7 249
After tax
9 744
1 903
12 411
16 251
Living cost
9 259
9 259
9 259
9 259
Free-cash
485
-7 356
3 152
6 992

Estimated living cost  is ₴9259 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1911
-₴1914
-₴3317
-₴201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
23 500
municipal
-
-
-
4 197
health
-
-
-
183
national
-
-
-
746
total
-
-
-
5 126
Employee
22 561
-
19 770
-
pensions
1 523
-
1 335
-
national
373
-
221
-
municipal
3 695
-
3 243
-
unemployment
339
-
296
-
health
168
-
125
-
total
6 098
-
5 220
-
Employer
22 561
-
19 770
-
pensions
3 914
-
3 430
-
accident
23
-
20
-
health
173
-
152
-
unemployment
146
-
129
-
total
4 256
-
3 731
-
Corporate
-
23 500
-
-
income
-
4 700
-
-
total
-
4 700
-
-
Dividends

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

-
14 100
-
-
municipal
-
2 538
-
-
national
-
-
-
-
total
-
2 538
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 354
7 238
8 951
5 126
After tax
13 146
16 262
14 549
18 374
Living cost
16 463
16 463
16 463
16 463
Free-cash
-3 317
-201
-1 914
1 911

Estimated living cost  is ₴16463 per week

₴10754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8634
₴5870
₴5052
₴3875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
3 666
health
-
-
-
599
income
-
-
-
673
total
-
-
-
4 938
Employee
32 974
32 974
32 974
-
income
3 590
3 052
3 402
-
social contributions
1 247
2 737
1 771
-
health
256
561
363
-
total
5 093
6 350
5 536
-
Employer
32 974
32 974
32 974
-
health
277
610
395
-
social contributions
1 247
2 737
1 771
-
total
1 524
3 347
2 166
-
Corporate
6 955
-
-
-
income
869
-
-
-
total
869
-
-
-
Dividends
6 086
-
-
-
withholding
1 034
-
-
-
total
1 034
-
-
-
Income
23 500
23 500
23 500
23 500
Total tax
8 520
9 697
7 702
4 938
After tax
14 980
13 803
15 798
18 562
Living cost
9 928
9 928
9 928
9 928
Free-cash
5 052
3 875
5 870
8 634

Estimated living cost  is ₴9928 per week

₴5950
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.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10439
₴7754
₴10470
₴12652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 500
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
1 961
pensions
-
-
-
2 728
total
-
-
-
6 253
Employee

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

9 843
-
21 305
-
income
673
-
1 629
-
pensions
1 476
-
3 196
-
unemployment
49
-
107
-
health
837
-
1 811
-
total
3 035
-
6 743
-
Employer

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

9 843
-
21 305
-
pensions
541
-
1 172
-
health
423
-
916
-
unemployment
49
-
107
-
total
1 013
-
2 195
-
Corporate
12 644
23 500
-
-
income
1 138
2 115
-
-
total
1 138
2 115
-
-
Dividends
11 506
21 385
-
-
withholding
1 036
1 925
-
-
total
1 036
1 925
-
-
Income
23 500
23 500
23 500
23 500
Total tax
6 222
4 040
8 938
6 253
After tax
17 278
19 460
14 562
17 247
Living cost
6 808
6 808
6 808
6 808
Free-cash
10 470
12 652
7 754
10 439

Estimated living cost  is ₴6808 per week

₴4344
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1215
₴1383
₴1784
₴4086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
24
unemployment
-
-
-
164
accident
-
-
-
212
income
-
-
-
3 442
pensions
-
-
-
6 651
total
-
-
-
10 493
Employee
15 856
-
17 819
-
income
3 057
-
3 513
-
pensions
745
-
837
-
unemployment
246
-
276
-
other
15
-
18
-
total
4 063
-
4 644
-
Employer
15 856
-
17 819
-
pensions
3 742
-
4 206
-
other
127
-
142
-
accident
314
-
353
-
unemployment
872
-
980
-
total
5 055
-
5 681
-
Corporate
2 589
23 500
-
-
income

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

388
3 525
-
-
total
388
3 525
-
-
Dividends
2 201
19 975
-
-
withholding
418
4 097
-
-
total
418
4 097
-
-
Income
23 500
23 500
23 500
23 500
Total tax
9 924
7 622
10 325
10 493
After tax
13 576
15 878
13 175
13 007
Living cost
11 792
11 792
11 792
11 792
Free-cash
1 784
4 086
1 383
1 215

Estimated living cost  is ₴11792 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13411
₴13328
₴13297
₴13490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
health
-
-
-
621
income
-
-
-
7 437
pensions
-
-
-
857
total
-
-
-
8 915
Employee
1 789
-
22 536
-
income
346
-
7 392
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
8 034
-
Employer
1 789
-
22 536
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
21 309
23 500
-
-
income
4 688
5 170
-
-
total
4 688
5 170
-
-
Dividends
16 621
18 330
-
-
withholding
3 324
3 666
-
-
total
3 324
3 666
-
-
Income
23 500
23 500
23 500
23 500
Total tax
9 029
8 836
8 998
8 915
After tax
14 471
14 664
14 502
14 585
Living cost
1 174
1 174
1 174
1 174
Free-cash
13 297
13 490
13 328
13 411

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4245
₴5256
₴7452
₴9563
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
unemployment
-
-
-
352
health
-
-
-
2 421
income
-
-
-
2 956
pensions
-
-
-
6 110
total
-
-
-
11 839
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.

11 183
-
19 932
-
income
1 542
-
3 293
-
pensions
1 566
-
2 791
-
unemployment
84
-
149
-
health
576
-
1 027
-
total
3 768
-
7 260
-
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.

11 183
-
19 932
-
pensions
1 342
-
2 392
-
health
576
-
1 027
-
unemployment
84
-
149
-
total
2 002
-
3 568
-
Corporate
10 315
23 500
-
-
income
1 547
3 525
-
-
total
1 547
3 525
-
-
Dividends
8 768
19 975
-
-
withholding
1 315
2 996
-
-
total
1 315
2 996
-
-
Income
23 500
23 500
23 500
23 500
Total tax
8 632
6 521
10 828
11 839
After tax
14 868
16 979
12 672
11 661
Living cost
7 416
7 416
7 416
7 416
Free-cash
7 452
9 563
5 256
4 245

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2047
₴1466
₴1651
₴1806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
social contributions

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

-
-
-
8 166
income
-
-
-
1 726
surtax
-
-
-
-
total
-
-
-
9 892
Employee
16 643
-
18 990
-
income
3 252
-
3 874
-
social contributions
1 831
-
2 089
-
surtax
-
-
-
-
total
5 083
-
5 963
-
Employer
16 643
-
18 990
-
social contributions
3 952
-
4 510
-
total
3 952
-
4 510
-
Corporate
2 904
23 500
-
-
surtax
-
-
-
-
income
610
4 935
-
-
total
610
4 935
-
-
Dividends
2 295
18 565
-
-
withholding
643
5 198
-
-
total
643
5 198
-
-
Income
23 500
23 500
23 500
23 500
Total tax
10 288
10 133
10 473
9 892
After tax
13 212
13 367
13 027
13 608
Living cost
11 561
11 561
11 561
11 561
Free-cash
1 651
1 806
1 466
2 047

Estimated living cost  is ₴11561 per week

₴8188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
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.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2064
-₴1896
-₴3813
₴807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
24
unemployment
-
-
-
164
accident
-
-
-
212
income
-
-
-
3 442
pensions
-
-
-
6 651
total
-
-
-
10 493
Employee
20 710
-
17 819
-
income
4 326
-
3 513
-
pensions
973
-
837
-
unemployment
321
-
276
-
other
20
-
18
-
total
5 640
-
4 644
-
Employer
20 710
-
17 819
-
pensions
4 887
-
4 206
-
other
166
-
142
-
accident
410
-
353
-
unemployment
1 139
-
980
-
total
6 602
-
5 681
-
Corporate
-
23 500
-
-
income

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

-
3 525
-
-
total
-
3 525
-
-
Dividends
-
19 975
-
-
withholding
-
4 097
-
-
total
-
4 097
-
-
Income
23 500
23 500
23 500
23 500
Total tax
12 242
7 622
10 325
10 493
After tax
11 258
15 878
13 175
13 007
Living cost
15 071
15 071
15 071
15 071
Free-cash
-3 813
807
-1 896
-2 064

Estimated living cost  is ₴15071 per week

₴10823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8602
₴8962
₴10105
₴12718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 525
pensions

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

-
-
-
2 216
total
-
-
-
7 523
Employee
9 766
-
20 562
-
income
977
-
2 056
-
pensions

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

857
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 390
-
4 225
-
Employer
9 766
-
20 562
-
pensions

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

1 076
-
1 650
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 033
-
unemployment
59
-
90
-
total
1 916
-
2 938
-
Corporate
11 818
23 500
-
-
income
1 182
2 350
-
-
total
1 182
2 350
-
-
Dividends
10 636
21 150
-
-
withholding
532
1 057
-
-
total
532
1 057
-
-
Income
23 500
23 500
23 500
23 500
Total tax
6 020
3 407
7 163
7 523
After tax
17 480
20 093
16 337
15 977
Living cost
7 375
7 375
7 375
7 375
Free-cash
10 105
12 718
8 962
8 602

Estimated living cost  is ₴7375 per week

₴4878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1010
₴1521
₴1233
-₴4375
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
trade
-
-
-
511
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.

-
-
-
2 930
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.

-
-
-
2 364
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.

-
-
-
130
total
-
-
-
5 935
Employee

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

21 336
-
23 500
-
surtax

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

97
-
130
-
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.

1 754
-
2 364
-
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.

2 930
-
2 930
-
total
4 781
-
5 424
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 164
23 500
-
-
trade
311
3 372
-
-
surtax

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

18
194
-
-
income
325
3 525
-
-
chamber of commerce
68
99
-
-
total
722
7 190
-
-
Dividends
1 442
16 310
-
-
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.

11
216
-
-
withholding
198
3 914
-
-
total
209
4 130
-
-
Income
23 500
23 500
23 500
23 500
Total tax
5 712
11 320
5 424
5 935
After tax
17 788
12 180
18 076
17 565
Living cost
16 555
16 555
16 555
16 555
Free-cash
1 233
-4 375
1 521
1 010

Estimated living cost  is ₴16555 per week

₴11420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
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.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5967
-₴5967
-₴10043
-₴7978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
1 682
income
-
-
-
3 358
total
-
-
-
5 040
Employee
33 543
-
23 500
-
social contributions
2 787
-
1 682
-
income
6 329
-
3 358
-
total
9 116
-
5 040
-
Employer
33 543
-
23 500
-
total
-
-
-
-
Corporate
-
23 500
-
-
income
-
2 938
-
-
total
-
2 938
-
-
Dividends
-
20 562
-
-
withholding
-
4 113
-
-
total
-
4 113
-
-
Income
23 500
23 500
23 500
23 500
Total tax
9 116
7 051
5 040
5 040
After tax
14 384
16 449
18 460
18 460
Living cost
24 427
24 427
24 427
24 427
Free-cash
-10 043
-7 978
-5 967
-5 967

Estimated living cost  is ₴24427 per week

₴18584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7135
₴1390
-₴73
-₴2557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
health

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

-
-
-
2 863
income
-
-
-
12 206
total
-
-
-
15 069
Employee
19 672
-
21 527
-
social contributions
1 971
-
1 973
-
income
2 135
-
2 598
-
total
4 106
-
4 571
-
Employer
19 672
-
21 527
-
social contributions
1 971
-
1 973
-
total
1 971
-
1 973
-
Corporate
1 857
23 500
-
-
income
650
8 225
-
-
total
650
8 225
-
-
Dividends
1 207
15 275
-
-
social contributions
1 280
2 266
-
-
total
1 280
2 266
-
-
Income
23 500
23 500
23 500
23 500
Total tax
8 007
10 491
6 544
15 069
After tax
15 493
13 009
16 956
8 431
Living cost
15 566
15 566
15 566
15 566
Free-cash
-73
-2 557
1 390
-7 135

Estimated living cost  is ₴15566 per week

₴10253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1665
-₴670
-₴1128
₴1588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
income
-
-
-
4 421
pensions
-
-
-
1 395
total
-
-
-
5 816
Employee
21 989
-
21 014
-
income
4 004
-
3 837
-
pensions
1 678
-
1 561
-
health
287
-
267
-
total
5 969
-
5 665
-
Employer
21 989
-
21 014
-
pensions
2 222
-
2 087
-
health
418
-
399
-
total
2 640
-
2 486
-
Corporate
-
23 500
-
-
income

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

-
4 465
-
-
total
-
4 465
-
-
Dividends
-
19 035
-
-
withholding
-
1 428
-
-
total
-
1 428
-
-
Income
23 500
23 500
23 500
23 500
Total tax
8 609
5 893
8 151
5 816
After tax
14 891
17 607
15 349
17 684
Living cost
16 019
16 019
16 019
16 019
Free-cash
-1 128
1 588
-670
1 665

Estimated living cost  is ₴16019 per week

₴10989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6075
₴2235
₴344
-₴8273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
4 274
pensions
-
-
-
1 777
total
-
-
-
7 249
Employee
16 008
-
19 521
-
income
2 196
-
2 678
-
pensions
1 802
-
2 198
-
health
1 833
-
2 235
-
total
5 831
-
7 111
-
Employer
16 008
-
19 521
-
pensions
2 603
-
3 174
-
accident
267
-
326
-
unemployment
392
-
478
-
total
3 262
-
3 978
-
Corporate
4 230
23 500
-
-
income

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

3 807
21 150
-
-
total
3 807
21 150
-
-
Dividends
423
2 350
-
-
withholding
80
447
-
-
total
80
447
-
-
Income
23 500
23 500
23 500
23 500
Total tax
12 980
21 597
11 089
7 249
After tax
10 520
1 903
12 411
16 251
Living cost
10 176
10 176
10 176
10 176
Free-cash
344
-8 273
2 235
6 075

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
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.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8159
₴8159
₴12101
₴14185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23 500
work injury
-
-
-
118
unemployment
-
-
-
282
income
-
-
-
3 088
health insurance
-
-
-
1 739
pensions
-
-
-
4 324
total
-
-
-
9 551
Employee

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

9 264
-
23 500
-
income
926
-
3 088
-
work injury
46
-
118
-
pensions
1 705
-
4 324
-
unemployment
111
-
282
-
health insurance
686
-
1 739
-
total
3 474
-
9 551
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
14 236
23 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
14 236
23 500
-
-
withholding
2 135
3 525
-
-
total
2 135
3 525
-
-
Income
23 500
23 500
23 500
23 500
Total tax
5 609
3 525
9 551
9 551
After tax
17 891
19 975
13 949
13 949
Living cost
5 790
5 790
5 790
5 790
Free-cash
12 101
14 185
8 159
8 159

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4363
-₴5667
-₴12635
-₴4705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
23 500
social contributions
-
-
-
6 044
municipal
-
-
-
157
national
-
-
-
4 225
regional
-
-
-
354
total
-
-
-
10 780
Employee
36 135
-
23 500
-
national
6 106
-
3 717
-
social contributions
12 184
-
7 924
-
municipal
216
-
140
-
regional
546
-
303
-
total
19 052
-
12 084
-
Employer
36 135
-
23 500
-
total
-
-
-
-
Corporate
-
23 500
-
-
nationa
-
5 640
-
-
municipal
-
1 133
-
-
total
-
6 773
-
-
Dividends
-
16 727
-
-
withholding
-
4 349
-
-
total
-
4 349
-
-
Income
23 500
23 500
23 500
23 500
Total tax
19 052
11 122
12 084
10 780
After tax
4 448
12 378
11 416
12 720
Living cost
17 083
17 083
17 083
17 083
Free-cash
-12 635
-4 705
-5 667
-4 363

Estimated living cost  is ₴17083 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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