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
₴ 24000
per

Your estimated
City
free-cash

Dresden , Germany
-₴3585
₴2184
₴2943
₴2943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
trade
-
-
-
-
income

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

-
-
-
1 604
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 564
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.

-
-
-
88
total
-
-
-
5 256
Employee

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

19 953
-
24 000
-
income

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

557
-
1 604
-
surtax

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

31
-
88
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 564
-
3 564
-
total
4 152
-
5 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 047
24 000
-
-
income
607
3 600
-
-
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.

34
198
-
-
trade
638
3 780
-
-
chamber of commerce
85
114
-
-
total
1 364
7 692
-
-
Dividends
2 684
16 308
-
-
surtax

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

26
213
-
-
withholding
473
3 879
-
-
total
499
4 092
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 015
11 784
5 256
5 256
After tax
17 985
12 216
18 744
18 744
Living cost
15 801
15 801
15 801
15 801
Free-cash
2 184
-3 585
2 943
2 943

Estimated living cost  is ₴15801 per week

₴9939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13325
-₴23854
-₴12800
-₴12612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
municipal
-
-
-
2 103
national
-
-
-
3 258
pensions
-
-
-
2 880
social contributions
-
-
-
258
total
-
-
-
8 499
Employee
43 871
-
20 748
-
national
8 397
-
3 402
-
pensions
1 755
-
830
-
municipal
5 419
-
2 196
-
total
15 571
-
6 428
-
Employer
43 871
-
20 748
-
social contributions
472
-
223
-
pensions
3 510
-
1 660
-
total
3 982
-
1 883
-
Corporate
-
24 000
-
-
income

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

-
4 800
-
-
total
-
4 800
-
-
Dividends
-
19 200
-
-
withholding
-
4 224
-
-
total
-
4 224
-
-
Income
24 000
24 000
24 000
24 000
Total tax
19 553
9 024
8 311
8 499
After tax
4 447
14 976
15 689
15 501
Living cost
28 301
28 301
28 301
28 301
Free-cash
-23 854
-13 325
-12 612
-12 800

Estimated living cost  is ₴28301 per week

₴19236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8347
₴4068
₴7905
₴2918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
microenterprise
-
-
-
3 600
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 642
total
-
-
-
5 242
Employee
15 243
-
19 340
-
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.

1 677
-
2 127
-
income
2 713
-
3 443
-
surtax
-
-
-
-
total
4 390
-
5 570
-
Employer
15 243
-
19 340
-
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.

3 672
-
4 659
-
surtax
-
-
-
-
total
3 672
-
4 659
-
Corporate
5 085
24 000
-
-
income

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

1 017
4 800
-
-
total
1 017
4 800
-
-
Dividends

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

4 068
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 079
4 800
10 229
5 242
After tax
14 921
19 200
13 771
18 758
Living cost
10 853
10 853
10 853
10 853
Free-cash
4 068
8 347
2 918
7 905

Estimated living cost  is ₴10853 per week

₴6924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Riga model

Close
Rotterdam , Netherlands
-₴24875
-₴27804
-₴8073
-₴27804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 215
health
-
-
-
3 685
pensions
-
-
-
4 320
total
-
-
-
10 220
Employee
44 548
44 548
44 548
-
pensions
8 019
6 112
8 019
-
income

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

7 292
7 292
7 292
-
health
6 838
5 816
6 838
-
total
22 149
19 220
22 149
-
Employer
44 548
44 548
44 548
-
health
3 097
3 097
3 097
-
pensions
3 101
3 101
3 101
-
unemployment
1 604
1 604
1 604
-
total
7 802
7 802
7 802
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
29 951
27 022
29 951
10 220
After tax
-5 951
-3 022
-5 951
13 780
Living cost
21 853
21 853
21 853
21 853
Free-cash
-27 804
-24 875
-27 804
-8 073

Estimated living cost  is ₴21853 per week

₴15487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7698
-₴14953
-₴8838
-₴7985
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
municipal
-
-
-
5 083
national
-
-
-
-
unemployment
-
-
-
24
accident
-
-
-
48
health
-
-
-
1 498
pensions
-
-
-
2 594
other
-
-
-
2 789
total
-
-
-
12 036
Employee
29 641
-
18 262
-
national
-
-
-
-
municipal
8 839
-
5 446
-
total
8 839
-
5 446
-
Employer
29 641
-
18 262
-
health
1 823
-
1 123
-
pensions
3 204
-
1 974
-
accident
59
-
36
-
other
3 444
-
2 122
-
unemployment
782
-
482
-
total
9 312
-
5 737
-
Corporate
-
24 000
-
-
income
-
5 280
-
-
total
-
5 280
-
-
Dividends
-
18 720
-
-
withholding
-
5 616
-
-
total
-
5 616
-
-
Income
24 000
24 000
24 000
24 000
Total tax
18 151
10 896
11 183
12 036
After tax
5 849
13 104
12 817
11 964
Living cost
20 802
20 802
20 802
20 802
Free-cash
-14 953
-7 698
-7 985
-8 838

Estimated living cost  is ₴20802 per week

₴13787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8400
-₴2455
-₴1749
-₴1749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
trade
-
-
-
-
income

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

-
-
-
1 604
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 564
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.

-
-
-
88
total
-
-
-
5 256
Employee

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

26 455
-
24 000
-
income

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

2 273
-
1 604
-
surtax

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

125
-
88
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 564
-
3 564
-
total
5 962
-
5 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
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.

-
198
-
-
trade
-
3 948
-
-
chamber of commerce
-
113
-
-
total
-
7 859
-
-
Dividends
-
16 141
-
-
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.

-
211
-
-
withholding
-
3 837
-
-
total
-
4 048
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 962
11 907
5 256
5 256
After tax
18 038
12 093
18 744
18 744
Living cost
20 493
20 493
20 493
20 493
Free-cash
-2 455
-8 400
-1 749
-1 749

Estimated living cost  is ₴20493 per week

₴13706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4715
-₴1864
₴2656
-₴1574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
68
health
-
-
-
612
social contributions
-
-
-
3 744
total
-
-
-
4 424
Employee
40 113
40 113
40 113
-
social contributions
1 949
3 329
1 809
-
income
4 212
3 713
4 263
-
health
399
682
370
-
total
6 560
7 724
6 442
-
Employer
40 113
40 113
40 113
-
social contributions
1 949
3 329
1 809
-
health
435
742
403
-
total
2 384
4 071
2 212
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 944
11 795
8 654
4 424
After tax
15 056
12 205
15 346
19 576
Living cost
16 920
16 920
16 920
16 920
Free-cash
-1 864
-4 715
-1 574
2 656

Estimated living cost  is ₴16920 per week

₴11567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1322
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.
₴3748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3427
₴3640
₴6414
₴3702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
360
income
-
-
-
2 934
health
-
-
-
1 680
pensions
-
-
-
2 400
total
-
-
-
7 374
Employee

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

The minimum wage is 138,000 HUF per month.

14 741
5 867
20 084
-
pensions
1 474
587
2 008
-
unemployment
221
88
301
-
income
1 802
717
2 455
-
health
1 032
411
1 406
-
total
4 529
1 803
6 170
-
Employer

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

The minimum wage is 138,000 HUF per month.

14 741
5 867
20 084
-
pensions
2 874
1 144
3 916
-
total
2 874
1 144
3 916
-
Corporate
6 385
16 989
-
-
income
575
1 529
-
-
total
575
1 529
-
-
Dividends
5 810
15 460
-
-
social contributions
1 066
2 948
-
-
withholding
1 104
2 937
-
-
total
2 170
5 885
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 148
10 361
10 086
7 374
After tax
13 852
13 639
13 914
16 626
Living cost
10 212
10 212
10 212
10 212
Free-cash
3 640
3 427
3 702
6 414

Estimated living cost  is ₴10212 per week

₴6969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6600
₴3360
₴1250
₴2084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 230
health
-
-
-
3 120
pensions
-
-
-
4 800
total
-
-
-
10 150
Employee
14 799
-
17 937
-
pensions
296
-
358
-
unemployment
237
-
287
-
income
1 666
-
2 608
-
total
2 199
-
3 253
-
Employer
14 799
-
17 937
-
health
1 923
-
2 331
-
pensions
2 960
-
3 588
-
unemployment
119
-
144
-
total
5 002
-
6 063
-
Corporate
4 199
24 000
-
-
income
839
4 800
-
-
total
839
4 800
-
-
Dividends
3 359
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 040
4 800
9 316
10 150
After tax
15 960
19 200
14 684
13 850
Living cost
12 600
12 600
12 600
12 600
Free-cash
3 360
6 600
2 084
1 250

Estimated living cost  is ₴12600 per week

₴8642
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴750
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9440
₴198
₴5264
₴1290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
131
income
-
-
-
3 747
health
-
-
-
1 129
pensions
-
-
-
2 153
other
-
-
-
192
total
-
-
-
7 352
Employee
17 908
-
19 937
-
pensions
2 017
-
2 245
-
income
2 457
-
2 735
-
health
2 050
-
2 283
-
total
6 524
-
7 263
-
Employer
17 908
-
19 937
-
pensions
2 912
-
3 242
-
accident
299
-
333
-
unemployment
439
-
488
-
total
3 650
-
4 063
-
Corporate
2 442
24 000
-
-
income

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

2 198
21 600
-
-
total
2 198
21 600
-
-
Dividends
244
2 400
-
-
withholding
46
456
-
-
total
46
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 418
22 056
11 326
7 352
After tax
11 582
1 944
12 674
16 648
Living cost
11 384
11 384
11 384
11 384
Free-cash
198
-9 440
1 290
5 264

Estimated living cost  is ₴11384 per week

₴8344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
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.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴18293
₴17448
₴19253
₴14693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
24 000
microenterprise

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

-
-
-
240
total
-
-
-
240
Employee
5 634
-
24 000
-
income
1 127
-
4 800
-
total
1 127
-
4 800
-
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%.

18 366
24 000
-
-
total
-
-
-
-
Dividends
18 366
24 000
-
-
withholding
918
1 200
-
-
total
918
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 045
1 200
4 800
240
After tax
21 955
22 800
19 200
23 760
Living cost
4 507
4 507
4 507
4 507
Free-cash
17 448
18 293
14 693
19 253

Estimated living cost  is ₴4507 per week

₴2793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3732
₴211
-₴905
₴168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 048
health
-
-
-
1 056
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.

-
-
-
5 761
other
-
-
-
1 140
total
-
-
-
11 005
Employee
18 941
-
19 169
-
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.

1 326
-
1 342
-
unemployment
189
-
192
-
income
3 261
-
3 300
-
health
265
-
268
-
total
5 041
-
5 102
-
Employer
18 941
-
19 169
-
health
265
-
268
-
pensions

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

3 220
-
3 259
-
accident
151
-
153
-
other
947
-
958
-
unemployment
189
-
192
-
total
4 772
-
4 830
-
Corporate
285
24 000
-
-
income
60
5 040
-
-
total
60
5 040
-
-
Dividends
225
18 960
-
-
withholding
16
1 328
-
-
total
16
1 328
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 889
6 368
9 932
11 005
After tax
14 111
17 632
14 068
12 995
Living cost
13 900
13 900
13 900
13 900
Free-cash
211
3 732
168
-905

Estimated living cost  is ₴13900 per week

₴9821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
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.
₴2916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17125
-₴32477
-₴16932
-₴19160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
4 543
pensions
-
-
-
1 283
total
-
-
-
5 826
Employee
49 669
-
21 599
-
pensions
4 792
-
1 423
-
income
8 953
-
3 987
-
health
818
-
243
-
total
14 563
-
5 653
-
Employer
49 669
-
21 599
-
health
943
-
410
-
pensions
5 865
-
1 991
-
total
6 808
-
2 401
-
Corporate
-
24 000
-
-
income

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

-
4 561
-
-
total
-
4 561
-
-
Dividends
-
19 439
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
24 000
24 000
24 000
24 000
Total tax
21 371
6 019
8 054
5 826
After tax
2 629
17 981
15 946
18 174
Living cost
35 106
35 106
35 106
35 106
Free-cash
-32 477
-17 125
-19 160
-16 932

Estimated living cost  is ₴35106 per week

₴26305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4125
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.
₴4391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13632
₴11193
₴8613
₴8815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
73
income
-
-
-
3 600
health
-
-
-
2 110
pensions

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

-
-
-
2 716
total
-
-
-
8 499
Employee
9 120
-
20 400
-
pensions

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

801
-
1 611
-
income
912
-
2 040
-
health
419
-
844
-
accident

We are using the highest rate at 1.1%.

100
-
202
-
total
2 232
-
4 697
-
Employer
9 120
-
20 400
-
health
629
-
1 266
-
pensions

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

1 005
-
2 022
-
accident

We are using the highest rate at 1.1%.

100
-
202
-
unemployment
55
-
110
-
total
1 789
-
3 600
-
Corporate
13 090
24 000
-
-
income
1 309
2 400
-
-
total
1 309
2 400
-
-
Dividends
11 781
21 600
-
-
withholding
589
1 080
-
-
total
589
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 919
3 480
8 297
8 499
After tax
18 081
20 520
15 703
15 501
Living cost
6 888
6 888
6 888
6 888
Free-cash
11 193
13 632
8 815
8 613

Estimated living cost  is ₴6888 per week

₴4021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴31949
-₴32833
-₴15147
-₴34878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 215
health
-
-
-
3 685
pensions
-
-
-
4 320
total
-
-
-
10 220
Employee
48 365
44 548
44 548
-
pensions
6 112
6 112
8 019
-
income

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

7 292
7 292
7 292
-
health
6 034
5 816
6 838
-
total
19 438
19 220
22 149
-
Employer
48 365
44 548
44 548
-
health
3 361
3 097
3 097
-
pensions
3 366
3 101
3 101
-
unemployment
1 741
1 604
1 604
-
total
8 468
7 802
7 802
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
27 906
27 022
29 951
10 220
After tax
-3 906
-3 022
-5 951
13 780
Living cost
28 927
28 927
28 927
28 927
Free-cash
-32 833
-31 949
-34 878
-15 147

Estimated living cost  is ₴28927 per week

₴21338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3545
-₴1577
-₴1290
-₴800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
solidarity contribution
-
-
-
-
income
-
-
-
2 063
health
-
-
-
3 240
social contributions
-
-
-
7 008
total
-
-
-
12 311
Employee
19 087
-
17 910
-
social contributions
1 241
-
1 164
-
income
2 290
-
2 149
-
solidarity contribution
-
-
-
-
health
2 577
-
2 418
-
total
6 108
-
5 731
-
Employer
19 087
-
17 910
-
social contributions
4 772
-
4 478
-
health
1 718
-
1 612
-
total
6 490
-
6 090
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 598
7 476
11 821
12 311
After tax
11 402
16 524
12 179
11 689
Living cost
12 979
12 979
12 979
12 979
Free-cash
-1 577
3 545
-800
-1 290

Estimated living cost  is ₴12979 per week

₴9015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Brno model

Close
Milan , Italy
-₴9207
-₴22361
-₴8776
-₴10133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
municipal
-
-
-
143
national
-
-
-
4 219
regional
-
-
-
230
social contributions
-
-
-
6 172
total
-
-
-
10 764
Employee
46 362
-
24 000
-
national
8 033
-
3 701
-
social contributions
15 633
-
8 093
-
municipal
246
-
128
-
regional
437
-
199
-
total
24 349
-
12 121
-
Employer
46 362
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
936
-
-
nationa
-
5 760
-
-
total
-
6 696
-
-
Dividends
-
17 305
-
-
withholding
-
4 499
-
-
total
-
4 499
-
-
Income
24 000
24 000
24 000
24 000
Total tax
24 349
11 195
12 121
10 764
After tax
-349
12 805
11 879
13 236
Living cost
22 012
22 012
22 012
22 012
Free-cash
-22 361
-9 207
-10 133
-8 776

Estimated living cost  is ₴22012 per week

₴15344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1443
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3585
₴1961
₴2268
₴1679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
119
income
-
-
-
3 476
health
-
-
-
1 705
surtax
-
-
-
121
pensions
-
-
-
4 800
other
-
-
-
-
total
-
-
-
10 221
Employee
17 251
-
19 826
-
pensions
1 150
-
1 323
-
unemployment
1 201
-
1 380
-
income
2 892
-
3 323
-
other
-
-
-
-
surtax
56
-
104
-
health
441
-
506
-
total
5 740
-
6 636
-
Employer
17 251
-
19 826
-
health
785
-
902
-
pensions
2 300
-
2 643
-
other
-
-
-
-
unemployment
546
-
629
-
total
3 631
-
4 174
-
Corporate
3 118
24 000
-
-
income
811
6 240
-
-
total
811
6 240
-
-
Dividends
2 307
17 760
-
-
withholding
346
2 664
-
-
total
346
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 528
8 904
10 810
10 221
After tax
13 472
15 096
13 190
13 779
Living cost
11 511
11 511
11 511
11 511
Free-cash
1 961
3 585
1 679
2 268

Estimated living cost  is ₴11511 per week

₴7039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6002
-₴13521
-₴5809
-₴8037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
4 543
pensions
-
-
-
1 283
total
-
-
-
5 826
Employee
33 287
-
21 599
-
pensions
2 825
-
1 423
-
income
5 995
-
3 987
-
health
483
-
243
-
total
9 303
-
5 653
-
Employer
33 287
-
21 599
-
health
632
-
410
-
pensions
3 603
-
1 991
-
total
4 235
-
2 401
-
Corporate
-
24 000
-
-
income

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

-
4 561
-
-
total
-
4 561
-
-
Dividends
-
19 439
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
24 000
24 000
24 000
24 000
Total tax
13 538
6 019
8 054
5 826
After tax
10 462
17 981
15 946
18 174
Living cost
23 983
23 983
23 983
23 983
Free-cash
-13 521
-6 002
-8 037
-5 809

Estimated living cost  is ₴23983 per week

₴17968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1798
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.
₴3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴29802
-₴28266
-₴20315
-₴21794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
city
-
-
-
252
national
-
-
-
46
regional
-
-
-
419
health
-
-
-
133
pensions
-
-
-
2 208
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.

-
-
-
480
total
-
-
-
3 538
Employee
47 720
-
21 339
-
national
226
-
30
-
city
512
-
227
-
pensions
4 009
-
1 951
-
unemployment
-
-
-
-
health
108
-
48
-
regional
1 563
-
336
-
total
6 418
-
2 592
-
Employer
47 720
-
21 339
-
health
108
-
48
-
pensions
4 009
-
1 951
-
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.

954
-
426
-
unemployment
-
-
-
-
total
5 071
-
2 425
-
Corporate
-
24 000
-
-
national
-
2 040
-
-
regional
-
5 076
-
-
total
-
7 116
-
-
Dividends
-
16 884
-
-
withholding
-
5 909
-
-
total
-
5 909
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 489
13 025
5 017
3 538
After tax
12 511
10 975
18 983
20 462
Living cost
40 777
40 777
40 777
40 777
Free-cash
-28 266
-29 802
-21 794
-20 315

Estimated living cost  is ₴40777 per week

₴26517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11928
-₴7352
-₴5154
-₴5154
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
trade
-
-
-
-
income

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

-
-
-
1 604
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 564
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.

-
-
-
88
total
-
-
-
5 256
Employee

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

31 351
-
24 000
-
income

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

3 687
-
1 604
-
surtax

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

203
-
88
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 564
-
3 564
-
total
7 454
-
5 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
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.

-
198
-
-
trade
-
4 116
-
-
chamber of commerce
-
113
-
-
total
-
8 027
-
-
Dividends
-
15 972
-
-
surtax

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

-
209
-
-
withholding
-
3 794
-
-
total
-
4 003
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 454
12 030
5 256
5 256
After tax
16 546
11 970
18 744
18 744
Living cost
23 898
23 898
23 898
23 898
Free-cash
-7 352
-11 928
-5 154
-5 154

Estimated living cost  is ₴23898 per week

₴17454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5752
-₴5299
-₴3330
-₴2980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
776
health
-
-
-
208
surtax
-
-
-
-
pensions
-
-
-
7 070
other
-
-
-
744
social contributions
-
-
-
684
total
-
-
-
9 482
Employee
22 326
-
18 289
-
pensions
2 524
-
2 069
-
social contributions
637
-
522
-
income
1 318
-
830
-
surtax
-
-
-
-
total
4 479
-
3 421
-
Employer
22 326
-
18 289
-
social contributions
67
-
54
-
health
1 563
-
1 280
-
pensions
3 668
-
3 006
-
other
770
-
631
-
unemployment
904
-
740
-
total
6 972
-
5 711
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
social contributions
-
2 972
-
-
surtax
-
-
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 451
11 904
9 132
9 482
After tax
12 549
12 096
14 868
14 518
Living cost
17 848
17 848
17 848
17 848
Free-cash
-5 299
-5 752
-2 980
-3 330

Estimated living cost  is ₴17848 per week

₴11254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3984
-₴2154
-₴1562
-₴1212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
776
health
-
-
-
208
surtax
-
-
-
-
pensions
-
-
-
7 070
other
-
-
-
744
social contributions
-
-
-
684
total
-
-
-
9 482
Employee
19 929
-
18 289
-
pensions
2 254
-
2 069
-
social contributions
568
-
522
-
income
1 028
-
830
-
surtax
-
-
-
-
total
3 850
-
3 421
-
Employer
19 929
-
18 289
-
social contributions
59
-
54
-
health
1 395
-
1 280
-
pensions
3 275
-
3 006
-
other
688
-
631
-
unemployment
807
-
740
-
total
6 224
-
5 711
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
social contributions
-
2 972
-
-
surtax
-
-
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 074
11 904
9 132
9 482
After tax
13 926
12 096
14 868
14 518
Living cost
16 080
16 080
16 080
16 080
Free-cash
-2 154
-3 984
-1 212
-1 562

Estimated living cost  is ₴16080 per week

₴9325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3580
₴3727
₴4351
₴3549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 600
health
-
-
-
1 675
social contributions
-
-
-
3 312
total
-
-
-
8 587
Employee
17 687
-
24 000
-
social contributions
2 441
-
3 312
-
income
2 950
-
4 402
-
health
1 234
-
1 675
-
total
6 625
-
9 389
-
Employer
17 687
-
24 000
-
total
-
-
-
-
Corporate
6 313
24 000
-
-
income

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

316
1 200
-
-
total
316
1 200
-
-
Dividends
5 997
22 800
-
-
social contributions
910
3 146
-
-
health
460
1 592
-
-
withholding
900
3 420
-
-
total
2 270
8 158
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 211
9 358
9 389
8 587
After tax
14 789
14 642
14 611
15 413
Living cost
11 062
11 062
11 062
11 062
Free-cash
3 727
3 580
3 549
4 351

Estimated living cost  is ₴11062 per week

₴7403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6261
-₴10170
-₴4965
-₴9046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
3 200
income
-
-
-
909
chamber of commerce
-
-
-
96
health
-
-
-
1 836
surtax
-
-
-
103
pensions
-
-
-
4 440
total
-
-
-
10 584
Employee
26 070
20 789
20 789
-
pensions
2 670
2 128
1 887
-
unemployment
782
624
552
-
income
2 968
1 533
1 641
-
other
260
208
184
-
health
1 009
805
713
-
total
7 689
5 298
4 977
-
Employer
26 070
20 789
20 789
-
chamber of commerce
104
83
83
-
health
985
786
696
-
payroll
782
624
624
-
pensions
3 272
2 610
2 312
-
surtax
103
103
103
-
accident
339
270
240
-
other
1 238
987
967
-
unemployment
782
624
552
-
total
7 605
6 087
5 577
-
Corporate
1 980
1 980
16 444
-
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.

495
495
4 111
-
total
495
495
4 111
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 789
11 880
14 665
10 584
After tax
8 211
12 120
9 335
13 416
Living cost
18 381
18 381
18 381
18 381
Free-cash
-10 170
-6 261
-9 046
-4 965

Estimated living cost  is ₴18381 per week

₴12260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1568
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5458
-₴24177
-₴5294
-₴8327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
national
-
-
-
6 743
communal

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

-
-
-
1 307
social contributions
-
-
-
2 223
total
-
-
-
10 273
Employee

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

37 315
-
18 588
-
national
11 472
-
4 496
-
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.

2 799
-
1 394
-
communal

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

1 946
-
969
-
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.

325
-
161
-
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.

1 753
-
874
-
total
18 295
-
7 894
-
Employer

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

37 315
-
18 588
-
health

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

2 295
-
1 143
-
pensions

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

3 306
-
1 647
-
surtax
4 231
-
2 109
-
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.

485
-
242
-
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.

544
-
271
-
total
10 861
-
5 412
-
Corporate
-
24 000
-
-
income
-
4 800
-
-
surtax
-
96
-
-
total
-
4 896
-
-
Dividends
-
19 104
-
-
withholding

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

-
5 541
-
-
total
-
5 541
-
-
Income
24 000
24 000
24 000
24 000
Total tax
29 156
10 437
13 306
10 273
After tax
-5 156
13 563
10 694
13 727
Living cost
19 021
19 021
19 021
19 021
Free-cash
-24 177
-5 458
-8 327
-5 294

Estimated living cost  is ₴19021 per week

₴12252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1663
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2604
-₴10246
-₴5455
-₴5269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
168
accident
-
-
-
216
income
-
-
-
3 416
pensions
-
-
-
6 792
other
-
-
-
24
total
-
-
-
10 616
Employee
25 967
-
18 198
-
pensions
1 221
-
855
-
unemployment
403
-
282
-
income
5 479
-
3 474
-
other
26
-
18
-
total
7 129
-
4 629
-
Employer
25 967
-
18 198
-
pensions
6 128
-
4 294
-
accident
514
-
360
-
other
207
-
146
-
unemployment
1 429
-
1 001
-
total
8 278
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 165
-
-
total
-
4 165
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 407
7 765
10 430
10 616
After tax
8 593
16 235
13 570
13 384
Living cost
18 839
18 839
18 839
18 839
Free-cash
-10 246
-2 604
-5 269
-5 455

Estimated living cost  is ₴18839 per week

₴13873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13248
-₴20224
-₴12298
-₴12299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
224
income
-
-
-
636
communal
-
-
-
-
health
-
-
-
1 861
surtax
-
-
-
1 256
pensions
-
-
-
3 972
total
-
-
-
7 949
Employee
39 505
-
21 033
-
pensions
3 160
-
1 986
-
income
3 816
-
636
-
surtax
2 421
-
1 256
-
health
1 758
-
1 105
-
total
11 155
-
4 983
-
Employer
39 505
-
21 033
-
health
1 205
-
757
-
pensions
3 160
-
1 986
-
accident
355
-
224
-
total
4 720
-
2 967
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
surtax
-
252
-
-
communal
-
1 620
-
-
total
-
5 472
-
-
Dividends
-
18 528
-
-
income
-
648
-
-
withholding
-
2 779
-
-
total
-
3 427
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 875
8 899
7 950
7 949
After tax
8 125
15 101
16 050
16 051
Living cost
28 349
28 349
28 349
28 349
Free-cash
-20 224
-13 248
-12 299
-12 298

Estimated living cost  is ₴28349 per week

₴21266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3379
₴1720
₴2062
₴1473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
119
income
-
-
-
3 476
health
-
-
-
1 705
surtax
-
-
-
121
pensions
-
-
-
4 800
other
-
-
-
-
total
-
-
-
10 221
Employee
17 568
-
19 826
-
pensions
1 172
-
1 323
-
unemployment
1 223
-
1 380
-
income
2 945
-
3 323
-
other
-
-
-
-
surtax
62
-
104
-
health
448
-
506
-
total
5 850
-
6 636
-
Employer
17 568
-
19 826
-
health
799
-
902
-
pensions
2 342
-
2 643
-
other
-
-
-
-
unemployment
557
-
629
-
total
3 698
-
4 174
-
Corporate
2 734
24 000
-
-
income
711
6 240
-
-
total
711
6 240
-
-
Dividends
2 023
17 760
-
-
withholding
304
2 664
-
-
total
304
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 563
8 904
10 810
10 221
After tax
13 437
15 096
13 190
13 779
Living cost
11 717
11 717
11 717
11 717
Free-cash
1 720
3 379
1 473
2 062

Estimated living cost  is ₴11717 per week

₴7074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1437
-₴4937
-₴948
-₴2297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
municipal
-
-
-
143
national
-
-
-
4 219
regional
-
-
-
362
social contributions
-
-
-
6 172
total
-
-
-
10 896
Employee
28 937
-
24 000
-
national
4 584
-
3 701
-
social contributions
9 758
-
8 093
-
municipal
153
-
128
-
regional
390
-
323
-
total
14 885
-
12 245
-
Employer
28 937
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 193
-
-
nationa
-
5 760
-
-
total
-
6 953
-
-
Dividends
-
17 048
-
-
withholding
-
4 432
-
-
total
-
4 432
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 885
11 385
12 245
10 896
After tax
9 115
12 615
11 755
13 104
Living cost
14 052
14 052
14 052
14 052
Free-cash
-4 937
-1 437
-2 297
-948

Estimated living cost  is ₴14052 per week

₴8739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴530
-₴7517
-₴4305
-₴3815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
solidarity contribution
-
-
-
-
income
-
-
-
2 063
health
-
-
-
3 240
social contributions
-
-
-
7 008
total
-
-
-
12 311
Employee
23 520
-
17 910
-
social contributions
1 529
-
1 164
-
income
2 822
-
2 149
-
solidarity contribution
-
-
-
-
health
3 175
-
2 418
-
total
7 526
-
5 731
-
Employer
23 520
-
17 910
-
social contributions
5 880
-
4 478
-
health
2 117
-
1 612
-
total
7 997
-
6 090
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 523
7 476
11 821
12 311
After tax
8 477
16 524
12 179
11 689
Living cost
15 994
15 994
15 994
15 994
Free-cash
-7 517
530
-3 815
-4 305

Estimated living cost  is ₴15994 per week

₴11894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4420
-₴5860
-₴3124
-₴7256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
3 200
income
-
-
-
909
chamber of commerce
-
-
-
96
health
-
-
-
1 836
surtax
-
-
-
-
pensions
-
-
-
4 440
total
-
-
-
10 481
Employee
22 803
20 789
20 789
-
pensions
2 335
2 128
1 895
-
unemployment
684
624
555
-
income
2 031
1 533
1 637
-
other
228
208
185
-
health
882
805
716
-
total
6 160
5 298
4 988
-
Employer
22 803
20 789
20 789
-
chamber of commerce
91
83
83
-
health
862
786
700
-
payroll
684
624
624
-
pensions
2 862
2 610
2 322
-
surtax
-
-
-
-
accident
296
270
241
-
other
1 083
987
968
-
unemployment
684
624
555
-
total
6 562
5 984
5 493
-
Corporate
1 980
1 980
16 527
-
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.

495
495
4 132
-
total
495
495
4 132
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
13 217
11 777
14 613
10 481
After tax
10 783
12 223
9 387
13 519
Living cost
16 643
16 643
16 643
16 643
Free-cash
-5 860
-4 420
-7 256
-3 124

Estimated living cost  is ₴16643 per week

₴9984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15776
₴14459
₴16736
₴12177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
24 000
microenterprise

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

-
-
-
240
total
-
-
-
240
Employee
8 779
-
24 000
-
income
1 756
-
4 800
-
total
1 756
-
4 800
-
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%.

15 221
24 000
-
-
total
-
-
-
-
Dividends
15 221
24 000
-
-
withholding
761
1 200
-
-
total
761
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 517
1 200
4 800
240
After tax
21 483
22 800
19 200
23 760
Living cost
7 024
7 024
7 024
7 024
Free-cash
14 459
15 776
12 177
16 736

Estimated living cost  is ₴7024 per week

₴4753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2532
-₴2660
-₴548
-₴1307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
unemployment
-
-
-
36
income
-
-
-
3 776
health
-
-
-
2 361
pensions
-
-
-
4 383
total
-
-
-
10 556
Employee

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

23 068
-
20 766
-
pensions
3 576
-
3 218
-
unemployment
33
-
29
-
income
3 978
-
3 494
-
health
1 490
-
1 341
-
total
9 077
-
8 082
-
Employer

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

23 068
-
20 766
-
health
1 536
-
1 383
-
pensions
2 041
-
1 837
-
unemployment
14
-
13
-
total
3 591
-
3 233
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 668
7 476
11 315
10 556
After tax
11 332
16 524
12 685
13 444
Living cost
13 992
13 992
13 992
13 992
Free-cash
-2 660
2 532
-1 307
-548

Estimated living cost  is ₴13992 per week

₴9603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9937
-₴60795
-₴7953
-₴8020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
4 678
social contributions
-
-
-
2 736
total
-
-
-
7 414
Employee
35 185
-
129
-
social contributions
2 885
-
411
-
income
7 761
-
-
-
total
10 646
-
411
-
Employer
35 185
-
129
-
social contributions
49 610
-
7 070
-
total
49 610
-
7 070
-
Corporate
-
24 000
-
-
income
-
5 280
-
-
total
-
5 280
-
-
Dividends
-
18 720
-
-
income
-
4 118
-
-
total
-
4 118
-
-
Income
24 000
24 000
24 000
24 000
Total tax
60 256
9 398
7 481
7 414
After tax
-36 256
14 602
16 519
16 586
Living cost
24 539
24 539
24 539
24 539
Free-cash
-60 795
-9 937
-8 020
-7 953

Estimated living cost  is ₴24539 per week

₴15922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2712
-₴5691
-₴2328
-₴2842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
income
-
-
-
1 625
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 965
Employee
23 992
-
19 394
-
social contributions
2 639
-
2 133
-
income
4 991
-
3 740
-
surtax
-
-
-
-
total
7 630
-
5 873
-
Employer
23 992
-
19 394
-
social contributions
5 698
-
4 606
-
total
5 698
-
4 606
-
Corporate
-
24 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
18 960
-
-
withholding
-
5 309
-
-
total
-
5 309
-
-
Income
24 000
24 000
24 000
24 000
Total tax
13 328
10 349
10 479
9 965
After tax
10 672
13 651
13 521
14 035
Living cost
16 363
16 363
16 363
16 363
Free-cash
-5 691
-2 712
-2 842
-2 328

Estimated living cost  is ₴16363 per week

₴12243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
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.
₴2882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13100
-₴18880
-₴10678
-₴10328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
776
health
-
-
-
208
surtax
-
-
-
-
pensions
-
-
-
7 070
other
-
-
-
744
social contributions
-
-
-
684
total
-
-
-
9 482
Employee
32 673
-
18 289
-
pensions
3 696
-
2 069
-
social contributions
931
-
522
-
income
2 851
-
830
-
surtax
-
-
-
-
total
7 478
-
3 421
-
Employer
32 673
-
18 289
-
social contributions
98
-
54
-
health
2 287
-
1 280
-
pensions
5 369
-
3 006
-
other
1 128
-
631
-
unemployment
1 324
-
740
-
total
10 206
-
5 711
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
social contributions
-
2 972
-
-
surtax
-
-
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
17 684
11 904
9 132
9 482
After tax
6 316
12 096
14 868
14 518
Living cost
25 196
25 196
25 196
25 196
Free-cash
-18 880
-13 100
-10 328
-10 678

Estimated living cost  is ₴25196 per week

₴17052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2061
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5919
₴4166
₴3040
₴3748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
-
social contributions
-
-
-
5 279
total
-
-
-
5 279
Employee
16 771
-
20 780
-
social contributions
1 090
-
1 351
-
income
-
-
-
-
total
1 090
-
1 351
-
Employer
16 771
-
20 780
-
social contributions
2 600
-
3 220
-
total
2 600
-
3 220
-
Corporate
4 629
24 000
-
-
income
463
2 400
-
-
total
463
2 400
-
-
Dividends
4 166
21 600
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
4 153
2 400
4 571
5 279
After tax
19 847
21 600
19 429
18 721
Living cost
15 681
15 681
15 681
15 681
Free-cash
4 166
5 919
3 748
3 040

Estimated living cost  is ₴15681 per week

₴10139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴89444
-₴89444
-₴9118
-₴89444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
municipal
-
-
-
3 589
national
-
-
-
2 118
labour market
-
-
-
1 884
pensions
-
-
-
451
total
-
-
-
8 042
Employee
105 839
105 839
105 839
-
national
12 930
12 930
12 930
-
pensions
150
150
150
-
municipal
22 538
22 538
22 538
-
labour market
8 455
8 455
8 455
-
total
44 073
44 073
44 073
-
Employer
105 839
105 839
105 839
-
municipal
22 574
22 574
22 574
-
labour market
8 467
8 467
8 467
-
national
12 953
12 953
12 953
-
pensions
301
301
301
-
total
44 295
44 295
44 295
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
88 368
88 368
88 368
8 042
After tax
-64 368
-64 368
-64 368
15 958
Living cost
25 076
25 076
25 076
25 076
Free-cash
-89 444
-89 444
-89 444
-9 118

Estimated living cost  is ₴25076 per week

₴17162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴386
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9272
₴224
₴5432
₴1458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
131
income
-
-
-
3 747
health
-
-
-
1 129
pensions
-
-
-
2 153
other
-
-
-
192
total
-
-
-
7 352
Employee
17 644
-
19 937
-
pensions
1 987
-
2 245
-
income
2 421
-
2 735
-
health
2 020
-
2 283
-
total
6 428
-
7 263
-
Employer
17 644
-
19 937
-
pensions
2 869
-
3 242
-
accident
295
-
333
-
unemployment
432
-
488
-
total
3 596
-
4 063
-
Corporate
2 760
24 000
-
-
income

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

2 484
21 600
-
-
total
2 484
21 600
-
-
Dividends
276
2 400
-
-
withholding
52
456
-
-
total
52
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 560
22 056
11 326
7 352
After tax
11 440
1 944
12 674
16 648
Living cost
11 216
11 216
11 216
11 216
Free-cash
224
-9 272
1 458
5 432

Estimated living cost  is ₴11216 per week

₴8164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3420
-₴8624
-₴856
-₴4973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
24 000
municipal
-
-
-
4 292
national
-
-
-
385
health
-
-
-
151
total
-
-
-
4 828
Employee
27 446
-
20 190
-
national
453
-
60
-
pensions
1 852
-
1 363
-
unemployment
412
-
303
-
municipal
4 495
-
3 317
-
health
205
-
93
-
total
7 417
-
5 136
-
Employer
27 446
-
20 190
-
health
211
-
155
-
pensions
4 762
-
3 502
-
accident
28
-
20
-
unemployment
178
-
132
-
total
5 179
-
3 809
-
Corporate
-
24 000
-
-
income
-
4 800
-
-
total
-
4 800
-
-
Dividends

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

-
14 400
-
-
municipal
-
2 592
-
-
national
-
-
-
-
total
-
2 592
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 596
7 392
8 945
4 828
After tax
11 404
16 608
15 055
19 172
Living cost
20 028
20 028
20 028
20 028
Free-cash
-8 624
-3 420
-4 973
-856

Estimated living cost  is ₴20028 per week

₴13082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴127
₴2811
₴7498
₴3268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
68
health
-
-
-
612
social contributions
-
-
-
3 744
total
-
-
-
4 424
Employee
40 113
40 113
40 113
-
social contributions
1 517
3 329
1 809
-
income
4 368
3 713
4 263
-
health
311
682
370
-
total
6 196
7 724
6 442
-
Employer
40 113
40 113
40 113
-
social contributions
1 517
3 329
1 809
-
health
338
742
403
-
total
1 855
4 071
2 212
-
Corporate
3 873
-
-
-
income
484
-
-
-
total
484
-
-
-
Dividends
3 389
-
-
-
withholding
576
-
-
-
total
576
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 111
11 795
8 654
4 424
After tax
14 889
12 205
15 346
19 576
Living cost
12 078
12 078
12 078
12 078
Free-cash
2 811
127
3 268
7 498

Estimated living cost  is ₴12078 per week

₴7239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3388
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11592
₴8939
₴8616
₴6620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 000
unemployment
-
-
-
15
income
-
-
-
1 881
health
-
-
-
1 888
pensions
-
-
-
3 318
total
-
-
-
7 102
Employee

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

11 974
-
21 759
-
pensions
1 796
-
3 264
-
unemployment
59
-
109
-
income
819
-
1 634
-
health
1 018
-
1 849
-
total
3 692
-
6 856
-
Employer

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

11 974
-
21 759
-
health
515
-
936
-
pensions
658
-
1 197
-
unemployment
59
-
109
-
total
1 232
-
2 242
-
Corporate
10 794
24 000
-
-
income
971
2 160
-
-
total
971
2 160
-
-
Dividends
9 822
21 840
-
-
withholding
884
1 966
-
-
total
884
1 966
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 779
4 126
9 098
7 102
After tax
17 221
19 874
14 902
16 898
Living cost
8 282
8 282
8 282
8 282
Free-cash
8 939
11 592
6 620
8 616

Estimated living cost  is ₴8282 per week

₴5284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1890
-₴1438
-₴961
-₴775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
168
accident
-
-
-
216
income
-
-
-
3 416
pensions
-
-
-
6 792
other
-
-
-
24
total
-
-
-
10 616
Employee
19 289
-
18 198
-
pensions
907
-
855
-
unemployment
299
-
282
-
income
3 719
-
3 474
-
other
19
-
18
-
total
4 944
-
4 629
-
Employer
19 289
-
18 198
-
pensions
4 552
-
4 294
-
accident
382
-
360
-
other
154
-
146
-
unemployment
1 061
-
1 001
-
total
6 149
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 165
-
-
total
-
4 165
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 093
7 765
10 430
10 616
After tax
12 907
16 235
13 570
13 384
Living cost
14 345
14 345
14 345
14 345
Free-cash
-1 438
1 890
-775
-961

Estimated living cost  is ₴14345 per week

₴9683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
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.
₴3032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14093
₴13948
₴14199
₴14136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
7 807
health
-
-
-
467
pensions
-
-
-
644
total
-
-
-
8 918
Employee
1 345
-
23 275
-
pensions
121
-
290
-
unemployment
13
-
32
-
income
260
-
7 774
-
health
67
-
161
-
total
461
-
8 257
-
Employer
1 345
-
23 275
-
health
128
-
306
-
pensions
148
-
354
-
unemployment
27
-
64
-
total
303
-
724
-
Corporate
22 352
24 000
-
-
income
4 918
5 280
-
-
total
4 918
5 280
-
-
Dividends
17 435
18 720
-
-
withholding
3 487
3 744
-
-
total
3 487
3 744
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 169
9 024
8 981
8 918
After tax
14 831
14 976
15 019
15 082
Living cost
883
883
883
883
Free-cash
13 948
14 093
14 136
14 199

Estimated living cost  is ₴883 per week

₴525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8334
₴5772
₴3038
₴4070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
unemployment
-
-
-
360
income
-
-
-
2 884
health
-
-
-
2 472
pensions
-
-
-
6 240
total
-
-
-
11 956
Employee

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

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

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

13 581
-
20 356
-
pensions
1 901
-
2 850
-
unemployment
102
-
153
-
income
1 872
-
3 229
-
health
699
-
1 048
-
total
4 574
-
7 280
-
Employer

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

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

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

13 581
-
20 356
-
health
699
-
1 048
-
pensions
1 630
-
2 443
-
unemployment
102
-
153
-
total
2 431
-
3 644
-
Corporate
7 988
24 000
-
-
income
1 198
3 600
-
-
total
1 198
3 600
-
-
Dividends
6 790
20 400
-
-
withholding
1 019
3 060
-
-
total
1 019
3 060
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 222
6 660
10 924
11 956
After tax
14 778
17 340
13 076
12 044
Living cost
9 006
9 006
9 006
9 006
Free-cash
5 772
8 334
4 070
3 038

Estimated living cost  is ₴9006 per week

₴6064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴413
-₴1055
-₴29
-₴543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
income
-
-
-
1 625
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 965
Employee
20 247
-
19 394
-
social contributions
2 227
-
2 133
-
income
3 956
-
3 740
-
surtax
-
-
-
-
total
6 183
-
5 873
-
Employer
20 247
-
19 394
-
social contributions
4 808
-
4 606
-
total
4 808
-
4 606
-
Corporate
-
24 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
18 960
-
-
withholding
-
5 309
-
-
total
-
5 309
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 991
10 349
10 479
9 965
After tax
13 009
13 651
13 521
14 035
Living cost
14 064
14 064
14 064
14 064
Free-cash
-1 055
-413
-543
-29

Estimated living cost  is ₴14064 per week

₴9961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2099
-₴9228
-₴4950
-₴4764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
168
accident
-
-
-
216
income
-
-
-
3 416
pensions
-
-
-
6 792
other
-
-
-
24
total
-
-
-
10 616
Employee
25 194
-
18 198
-
pensions
1 184
-
855
-
unemployment
390
-
282
-
income
5 262
-
3 474
-
other
25
-
18
-
total
6 861
-
4 629
-
Employer
25 194
-
18 198
-
pensions
5 946
-
4 294
-
accident
499
-
360
-
other
202
-
146
-
unemployment
1 386
-
1 001
-
total
8 033
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 165
-
-
total
-
4 165
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 894
7 765
10 430
10 616
After tax
9 106
16 235
13 570
13 384
Living cost
18 334
18 334
18 334
18 334
Free-cash
-9 228
-2 099
-4 764
-4 950

Estimated living cost  is ₴18334 per week

₴13166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
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.
₴3484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11483
₴8280
₴6464
₴6666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
73
income
-
-
-
3 600
health
-
-
-
2 110
pensions

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

-
-
-
2 716
total
-
-
-
8 499
Employee
11 966
-
20 400
-
pensions

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

1 051
-
1 611
-
income
1 197
-
2 040
-
health
550
-
844
-
accident

We are using the highest rate at 1.1%.

132
-
202
-
total
2 930
-
4 697
-
Employer
11 966
-
20 400
-
health
826
-
1 266
-
pensions

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

1 319
-
2 022
-
accident

We are using the highest rate at 1.1%.

132
-
202
-
unemployment
72
-
110
-
total
2 349
-
3 600
-
Corporate
9 686
24 000
-
-
income
968
2 400
-
-
total
968
2 400
-
-
Dividends
8 718
21 600
-
-
withholding
436
1 080
-
-
total
436
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 683
3 480
8 297
8 499
After tax
17 317
20 520
15 703
15 501
Living cost
9 037
9 037
9 037
9 037
Free-cash
8 280
11 483
6 666
6 464

Estimated living cost  is ₴9037 per week

₴5977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7678
-₴1956
-₴1396
-₴1396
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
trade
-
-
-
-
income

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

-
-
-
1 604
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 564
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.

-
-
-
88
total
-
-
-
5 256
Employee

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

25 956
-
24 000
-
income

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

2 134
-
1 604
-
surtax

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

118
-
88
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 564
-
3 564
-
total
5 816
-
5 256
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
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.

-
198
-
-
trade
-
3 444
-
-
chamber of commerce
-
115
-
-
total
-
7 357
-
-
Dividends
-
16 643
-
-
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.

-
218
-
-
withholding
-
3 963
-
-
total
-
4 181
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 816
11 538
5 256
5 256
After tax
18 184
12 462
18 744
18 744
Living cost
20 140
20 140
20 140
20 140
Free-cash
-1 956
-7 678
-1 396
-1 396

Estimated living cost  is ₴20140 per week

₴13893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12916
-₴16806
-₴10424
-₴10424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 167
social contributions
-
-
-
1 541
total
-
-
-
4 708
Employee
40 806
-
24 000
-
social contributions
3 390
-
1 541
-
income
7 700
-
3 167
-
total
11 090
-
4 708
-
Employer
40 806
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
income
-
3 000
-
-
total
-
3 000
-
-
Dividends
-
21 000
-
-
withholding
-
4 200
-
-
total
-
4 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 090
7 200
4 708
4 708
After tax
12 910
16 800
19 292
19 292
Living cost
29 716
29 716
29 716
29 716
Free-cash
-16 806
-12 916
-10 424
-10 424

Estimated living cost  is ₴29716 per week

₴22608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2421
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.
₴4403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5677
-₴3887
-₴13014
-₴1429
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
income
-
-
-
14 849
health

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

-
-
-
3 228
total
-
-
-
18 077
Employee
23 931
-
21 814
-
social contributions
2 398
-
2 186
-
income
2 597
-
2 120
-
total
4 995
-
4 306
-
Employer
23 931
-
21 814
-
social contributions
2 398
-
2 186
-
total
2 398
-
2 186
-
Corporate
-
24 000
-
-
income
-
8 400
-
-
total
-
8 400
-
-
Dividends
-
15 600
-
-
social contributions
1 557
2 340
-
-
total
1 557
2 340
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 950
10 740
6 492
18 077
After tax
15 050
13 260
17 508
5 923
Living cost
18 937
18 937
18 937
18 937
Free-cash
-3 887
-5 677
-1 429
-13 014

Estimated living cost  is ₴18937 per week

₴12473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1517
-₴5977
-₴1324
-₴3552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
4 543
pensions
-
-
-
1 283
total
-
-
-
5 826
Employee
26 763
-
21 599
-
pensions
2 043
-
1 423
-
income
4 874
-
3 987
-
health
349
-
243
-
total
7 266
-
5 653
-
Employer
26 763
-
21 599
-
health
509
-
410
-
pensions
2 704
-
1 991
-
total
3 213
-
2 401
-
Corporate
-
24 000
-
-
income

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

-
4 561
-
-
total
-
4 561
-
-
Dividends
-
19 439
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 479
6 019
8 054
5 826
After tax
13 521
17 981
15 946
18 174
Living cost
19 498
19 498
19 498
19 498
Free-cash
-5 977
-1 517
-3 552
-1 324

Estimated living cost  is ₴19498 per week

₴13375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1793
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.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10383
₴53
₴4321
₴347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
131
income
-
-
-
3 747
health
-
-
-
1 129
pensions
-
-
-
2 153
other
-
-
-
192
total
-
-
-
7 352
Employee
19 391
-
19 937
-
pensions
2 183
-
2 245
-
income
2 660
-
2 735
-
health
2 220
-
2 283
-
total
7 063
-
7 263
-
Employer
19 391
-
19 937
-
pensions
3 153
-
3 242
-
accident
324
-
333
-
unemployment
475
-
488
-
total
3 952
-
4 063
-
Corporate
658
24 000
-
-
income

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

592
21 600
-
-
total
592
21 600
-
-
Dividends
66
2 400
-
-
withholding
13
456
-
-
total
13
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 620
22 056
11 326
7 352
After tax
12 380
1 944
12 674
16 648
Living cost
12 327
12 327
12 327
12 327
Free-cash
53
-10 383
347
4 321

Estimated living cost  is ₴12327 per week

₴9047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13348
₴10810
₴7419
₴7419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 000
unemployment
-
-
-
288
health insurance
-
-
-
1 776
income
-
-
-
2 929
work injury
-
-
-
120
pensions
-
-
-
4 416
total
-
-
-
9 529
Employee

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

11 283
-
24 000
-
work injury
56
-
120
-
pensions
2 076
-
4 416
-
unemployment
135
-
288
-
income
1 128
-
2 929
-
health insurance
835
-
1 776
-
total
4 230
-
9 529
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 717
24 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
12 717
24 000
-
-
withholding
1 908
3 600
-
-
total
1 908
3 600
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 138
3 600
9 529
9 529
After tax
17 862
20 400
14 471
14 471
Living cost
7 052
7 052
7 052
7 052
Free-cash
10 810
13 348
7 419
7 419

Estimated living cost  is ₴7052 per week

₴4369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴512
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.
₴1951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8141
-₴19960
-₴7671
-₴9006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
municipal
-
-
-
160
national
-
-
-
4 219
regional
-
-
-
338
social contributions
-
-
-
6 172
total
-
-
-
10 889
Employee
43 959
-
24 000
-
national
7 429
-
3 701
-
social contributions
14 823
-
8 093
-
municipal
262
-
144
-
regional
664
-
286
-
total
23 178
-
12 224
-
Employer
43 959
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 157
-
-
nationa
-
5 760
-
-
total
-
6 917
-
-
Dividends
-
17 083
-
-
withholding
-
4 442
-
-
total
-
4 442
-
-
Income
24 000
24 000
24 000
24 000
Total tax
23 178
11 359
12 224
10 889
After tax
822
12 641
11 776
13 111
Living cost
20 782
20 782
20 782
20 782
Free-cash
-19 960
-8 141
-9 006
-7 671

Estimated living cost  is ₴20782 per week

₴14598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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