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
-₴2722
₴3725
₴3555
₴2729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 873
surtax

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

-
-
-
103
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.

-
-
-
3 368
trade
-
-
-
170
total
-
-
-
5 514
Employee

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

18 854
-
24 000
-
surtax

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

29
-
103
-
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.

527
-
1 873
-
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.

3 368
-
3 368
-
total
3 924
-
5 344
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 146
24 000
-
-
income
772
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.

42
198
-
-
chamber of commerce
82
109
-
-
trade
810
3 780
-
-
total
1 706
7 687
-
-
Dividends
3 440
16 313
-
-
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.

37
214
-
-
withholding
673
3 890
-
-
total
710
4 104
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 340
11 791
5 344
5 514
After tax
17 660
12 209
18 656
18 486
Living cost
14 931
14 931
14 931
14 931
Free-cash
2 729
-2 722
3 725
3 555

Estimated living cost  is ₴14931 per week

₴9392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11425
-₴10831
-₴11019
-₴20640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
258
municipal
-
-
-
2 149
national
-
-
-
3 331
pensions
-
-
-
2 880
total
-
-
-
8 618
Employee
40 926
-
20 748
-
municipal
5 055
-
2 242
-
pensions
1 637
-
830
-
national
7 833
-
3 475
-
total
14 525
-
6 547
-
Employer
40 926
-
20 748
-
pensions
3 274
-
1 660
-
social contributions
440
-
223
-
total
3 714
-
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
18 239
9 024
8 430
8 618
After tax
5 761
14 976
15 570
15 382
Living cost
26 401
26 401
26 401
26 401
Free-cash
-20 640
-11 425
-10 831
-11 019

Estimated living cost  is ₴26401 per week

₴17944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8945
₴3517
₴8593
₴4901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 552
microenterprise
-
-
-
3 600
total
-
-
-
5 152
Employee
14 404
-
19 341
-
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.

1 585
-
2 127
-
income
2 564
-
3 442
-
total
4 149
-
5 569
-
Employer
14 404
-
19 341
-
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.

3 470
-
4 659
-
surtax
-
-
-
-
total
3 470
-
4 659
-
Corporate
6 127
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%.

1 225
4 800
-
-
total
1 225
4 800
-
-
Dividends

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

4 901
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 844
4 800
10 228
5 152
After tax
15 156
19 200
13 772
18 848
Living cost
10 255
10 255
10 255
10 255
Free-cash
4 901
8 945
3 517
8 593

Estimated living cost  is ₴10255 per week

₴6542
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.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22182
-₴24949
-₴6886
-₴24949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 232
health
-
-
-
3 684
pensions
-
-
-
4 320
total
-
-
-
10 236
Employee
42 095
42 095
42 095
-
pensions
7 577
5 775
7 577
-
income

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

6 890
6 890
6 890
-
health
6 461
5 496
6 461
-
total
20 928
18 161
20 928
-
Employer
42 095
42 095
42 095
-
health
2 926
2 926
2 926
-
pensions
2 930
2 930
2 930
-
unemployment
1 515
1 515
1 515
-
total
7 371
7 371
7 371
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
28 299
25 532
28 299
10 236
After tax
-4 299
-1 532
-4 299
13 764
Living cost
20 650
20 650
20 650
20 650
Free-cash
-24 949
-22 182
-24 949
-6 886

Estimated living cost  is ₴20650 per week

₴14634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7125
-₴7413
-₴8265
-₴13881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
other
-
-
-
2 789
unemployment
-
-
-
24
health
-
-
-
1 498
municipal
-
-
-
5 083
national
-
-
-
-
pensions
-
-
-
2 594
total
-
-
-
12 036
Employee
28 824
-
18 262
-
municipal
8 595
-
5 446
-
national
-
-
-
-
total
8 595
-
5 446
-
Employer
28 824
-
18 262
-
health
1 773
-
1 123
-
pensions
3 116
-
1 974
-
accident
58
-
37
-
unemployment
761
-
482
-
other
3 349
-
2 122
-
total
9 057
-
5 738
-
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
17 652
10 896
11 184
12 036
After tax
6 348
13 104
12 816
11 964
Living cost
20 229
20 229
20 229
20 229
Free-cash
-13 881
-7 125
-7 413
-8 265

Estimated living cost  is ₴20229 per week

₴13407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7280
-₴709
-₴887
-₴999
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 873
surtax

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

-
-
-
103
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.

-
-
-
3 368
trade
-
-
-
178
total
-
-
-
5 522
Employee

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

24 998
-
24 000
-
surtax

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

118
-
103
-
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.

2 148
-
1 873
-
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.

3 368
-
3 368
-
total
5 634
-
5 344
-
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
-
-
chamber of commerce
-
109
-
-
trade
-
3 948
-
-
total
-
7 855
-
-
Dividends
-
16 146
-
-
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
-
3 849
-
-
total
-
4 060
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 634
11 915
5 344
5 522
After tax
18 366
12 085
18 656
18 478
Living cost
19 365
19 365
19 365
19 365
Free-cash
-999
-7 280
-709
-887

Estimated living cost  is ₴19365 per week

₴12951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3136
-₴369
₴3375
-₴440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
281
social contributions
-
-
-
3 744
health
-
-
-
612
total
-
-
-
4 637
Employee
37 904
37 904
37 904
-
social contributions
1 842
3 146
1 808
-
income
3 980
3 509
3 992
-
health
377
645
370
-
total
6 199
7 300
6 170
-
Employer
37 904
37 904
37 904
-
health
411
702
403
-
social contributions
1 842
3 146
1 808
-
total
2 253
3 848
2 211
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 452
11 148
8 381
4 637
After tax
15 548
12 852
15 619
19 363
Living cost
15 988
15 988
15 988
15 988
Free-cash
-440
-3 136
-369
3 375

Estimated living cost  is ₴15988 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4553
₴4851
₴7563
₴4743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 934
unemployment
-
-
-
360
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.

13 083
5 207
20 084
-
unemployment
196
78
301
-
pensions
1 308
521
2 008
-
income
1 599
637
2 455
-
health
916
364
1 406
-
total
4 019
1 600
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.

13 083
5 207
20 084
-
pensions
2 551
1 015
3 916
-
total
2 551
1 015
3 916
-
Corporate
8 365
17 778
-
-
income
753
1 600
-
-
total
753
1 600
-
-
Dividends
7 613
16 178
-
-
social contributions
1 425
3 095
-
-
withholding
1 446
3 074
-
-
total
2 871
6 169
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 194
10 384
10 086
7 374
After tax
13 806
13 616
13 914
16 626
Living cost
9 063
9 063
9 063
9 063
Free-cash
4 743
4 553
4 851
7 563

Estimated living cost  is ₴9063 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴7294
₴2626
₴1790
₴4231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 384
health
-
-
-
3 120
pensions
-
-
-
4 800
total
-
-
-
10 304
Employee
13 984
-
17 937
-
unemployment
224
-
287
-
pensions
280
-
359
-
income
1 574
-
2 760
-
total
2 078
-
3 406
-
Employer
13 984
-
17 937
-
health
1 818
-
2 332
-
pensions
2 797
-
3 587
-
unemployment
112
-
143
-
total
4 727
-
6 062
-
Corporate
5 289
24 000
-
-
income
1 058
4 800
-
-
total
1 058
4 800
-
-
Dividends
4 231
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 863
4 800
9 468
10 304
After tax
16 137
19 200
14 532
13 696
Living cost
11 906
11 906
11 906
11 906
Free-cash
4 231
7 294
2 626
1 790

Estimated living cost  is ₴11906 per week

₴8166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9079
₴1651
₴5614
₴255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
3 872
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
7 363
Employee
17 339
-
19 937
-
pensions
1 952
-
2 245
-
income
2 379
-
2 735
-
health
1 985
-
2 283
-
total
6 316
-
7 263
-
Employer
17 339
-
19 937
-
pensions
2 819
-
3 242
-
accident
289
-
333
-
unemployment
425
-
488
-
total
3 533
-
4 063
-
Corporate
3 127
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.

2 814
21 600
-
-
total
2 814
21 600
-
-
Dividends
313
2 400
-
-
withholding
59
456
-
-
total
59
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 722
22 056
11 326
7 363
After tax
11 278
1 944
12 674
16 637
Living cost
11 023
11 023
11 023
11 023
Free-cash
255
-9 079
1 651
5 614

Estimated living cost  is ₴11023 per week

₴8079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18774
₴15174
₴19734
₴18020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 033
-
24 000
-
income
1 006
-
4 800
-
total
1 006
-
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%.

18 967
24 000
-
-
total
-
-
-
-
Dividends
18 967
24 000
-
-
withholding
948
1 200
-
-
total
948
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
1 954
1 200
4 800
240
After tax
22 046
22 800
19 200
23 760
Living cost
4 026
4 026
4 026
4 026
Free-cash
18 020
18 774
15 174
19 734

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4498
₴934
-₴140
₴1168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 049
other
-
-
-
1 140
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.

-
-
-
5 760
total
-
-
-
11 005
Employee
17 898
-
19 169
-
unemployment
179
-
192
-
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.

1 253
-
1 342
-
income
3 081
-
3 299
-
health
251
-
268
-
total
4 764
-
5 101
-
Employer
17 898
-
19 169
-
health
251
-
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.

3 043
-
3 259
-
accident
143
-
153
-
unemployment
179
-
192
-
other
895
-
958
-
total
4 511
-
4 830
-
Corporate
1 591
24 000
-
-
income
334
5 040
-
-
total
334
5 040
-
-
Dividends
1 257
18 960
-
-
withholding
88
1 327
-
-
total
88
1 327
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 697
6 367
9 931
11 005
After tax
14 303
17 633
14 069
12 995
Living cost
13 135
13 135
13 135
13 135
Free-cash
1 168
4 498
934
-140

Estimated living cost  is ₴13135 per week

₴9280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴14723
-₴16874
-₴14580
-₴28614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 532
pensions
-
-
-
1 343
total
-
-
-
5 875
Employee
46 273
-
21 540
-
pensions
4 464
-
1 496
-
income
8 341
-
3 958
-
health
762
-
255
-
total
13 567
-
5 709
-
Employer
46 273
-
21 540
-
health
879
-
409
-
pensions
5 463
-
2 051
-
total
6 342
-
2 460
-
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.

-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
24 000
24 000
24 000
24 000
Total tax
19 909
6 018
8 169
5 875
After tax
4 091
17 982
15 831
18 125
Living cost
32 705
32 705
32 705
32 705
Free-cash
-28 614
-14 723
-16 874
-14 580

Estimated living cost  is ₴32705 per week

₴24506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14057
₴9605
₴9340
₴11768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
8 197
Employee
8 559
-
20 622
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

751
-
1 512
-
income
856
-
2 062
-
health
394
-
792
-
total
2 095
-
4 555
-
Employer
8 559
-
20 622
-
health
591
-
1 188
-
pensions

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

943
-
1 897
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 377
-
Corporate
13 762
24 000
-
-
income
1 376
2 400
-
-
total
1 376
2 400
-
-
Dividends
12 386
21 600
-
-
withholding
619
1 080
-
-
total
619
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 769
3 480
7 932
8 197
After tax
18 231
20 520
16 068
15 803
Living cost
6 463
6 463
6 463
6 463
Free-cash
11 768
14 057
9 605
9 340

Estimated living cost  is ₴6463 per week

₴3773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28866
-₴31633
-₴13570
-₴29702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 232
health
-
-
-
3 684
pensions
-
-
-
4 320
total
-
-
-
10 236
Employee
45 701
42 095
42 095
-
pensions
5 775
5 775
7 577
-
income

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

6 890
6 890
6 890
-
health
5 702
5 496
6 461
-
total
18 367
18 161
20 928
-
Employer
45 701
42 095
42 095
-
health
3 176
2 926
2 926
-
pensions
3 180
2 930
2 930
-
unemployment
1 645
1 515
1 515
-
total
8 001
7 371
7 371
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
26 368
25 532
28 299
10 236
After tax
-2 368
-1 532
-4 299
13 764
Living cost
27 334
27 334
27 334
27 334
Free-cash
-29 702
-28 866
-31 633
-13 570

Estimated living cost  is ₴27334 per week

₴20163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2441
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.
₴4416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4258
-₴87
-₴577
-₴170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 063
social contributions
-
-
-
7 008
solidarity contribution
-
-
-
-
health
-
-
-
3 240
total
-
-
-
12 311
Employee
18 038
-
17 910
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
1 164
-
income
2 165
-
2 149
-
health
2 435
-
2 418
-
total
5 772
-
5 731
-
Employer
18 038
-
17 910
-
health
1 623
-
1 612
-
social contributions
4 509
-
4 478
-
total
6 132
-
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
11 904
7 476
11 821
12 311
After tax
12 096
16 524
12 179
11 689
Living cost
12 266
12 266
12 266
12 266
Free-cash
-170
4 258
-87
-577

Estimated living cost  is ₴12266 per week

₴8520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7995
-₴8955
-₴7599
-₴19808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
6 173
regional
-
-
-
232
municipal
-
-
-
142
national
-
-
-
4 252
total
-
-
-
10 799
Employee
43 809
-
24 000
-
municipal
232
-
127
-
national
7 591
-
3 733
-
regional
413
-
203
-
social contributions
14 772
-
8 092
-
total
23 008
-
12 155
-
Employer
43 809
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
936
-
-
nationa
-
5 760
-
-
total
-
6 696
-
-
Dividends
-
17 303
-
-
withholding
-
4 499
-
-
total
-
4 499
-
-
Income
24 000
24 000
24 000
24 000
Total tax
23 008
11 195
12 155
10 799
After tax
992
12 805
11 845
13 201
Living cost
20 800
20 800
20 800
20 800
Free-cash
-19 808
-7 995
-8 955
-7 599

Estimated living cost  is ₴20800 per week

₴14499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4219
₴2297
₴2894
₴2687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 477
other
-
-
-
-
surtax
-
-
-
136
unemployment
-
-
-
112
health
-
-
-
1 704
pensions
-
-
-
4 800
total
-
-
-
10 229
Employee
16 301
-
19 827
-
other
-
-
-
-
unemployment
1 135
-
1 380
-
pensions
1 087
-
1 323
-
surtax
53
-
119
-
income
2 732
-
3 324
-
health
416
-
506
-
total
5 423
-
6 652
-
Employer
16 301
-
19 827
-
health
742
-
902
-
pensions
2 173
-
2 643
-
unemployment
516
-
629
-
other
-
-
-
-
total
3 431
-
4 174
-
Corporate
4 268
24 000
-
-
income
1 109
6 240
-
-
total
1 109
6 240
-
-
Dividends
3 158
17 760
-
-
withholding
473
2 664
-
-
total
473
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 436
8 904
10 826
10 229
After tax
13 564
15 096
13 174
13 771
Living cost
10 877
10 877
10 877
10 877
Free-cash
2 687
4 219
2 297
2 894

Estimated living cost  is ₴10877 per week

₴6651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
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.
₴2972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4361
-₴6512
-₴4218
-₴10956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 532
pensions
-
-
-
1 343
total
-
-
-
5 875
Employee
31 011
-
21 540
-
pensions
2 632
-
1 496
-
income
5 585
-
3 958
-
health
450
-
255
-
total
8 667
-
5 709
-
Employer
31 011
-
21 540
-
health
589
-
409
-
pensions
3 357
-
2 051
-
total
3 946
-
2 460
-
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.

-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 613
6 018
8 169
5 875
After tax
11 387
17 982
15 831
18 125
Living cost
22 343
22 343
22 343
22 343
Free-cash
-10 956
-4 361
-6 512
-4 218

Estimated living cost  is ₴22343 per week

₴16739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴28507
-₴20465
-₴19034
-₴26606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
433
health
-
-
-
129
city
-
-
-
252
national
-
-
-
50
pensions
-
-
-
2 208
total
-
-
-
3 552
Employee
46 204
-
21 368
-
unemployment
-
-
-
-
pensions
3 882
-
1 923
-
national
219
-
34
-
regional
1 513
-
352
-
city
496
-
228
-
health
104
-
48
-
total
6 214
-
2 585
-
Employer
46 204
-
21 368
-
health
104
-
48
-
pensions
3 882
-
1 923
-
unemployment
-
-
-
-
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.

924
-
427
-
total
4 910
-
2 398
-
Corporate
-
24 000
-
-
regional
-
5 076
-
-
national
-
2 040
-
-
total
-
7 116
-
-
Dividends
-
16 883
-
-
withholding
-
5 909
-
-
total
-
5 909
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 124
13 025
4 983
3 552
After tax
12 876
10 975
19 017
20 448
Living cost
39 482
39 482
39 482
39 482
Free-cash
-26 606
-28 507
-20 465
-19 034

Estimated living cost  is ₴39482 per week

₴25675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10622
-₴3926
-₴4111
-₴5626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 873
surtax

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

-
-
-
103
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.

-
-
-
3 368
trade
-
-
-
185
total
-
-
-
5 529
Employee

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

29 625
-
24 000
-
surtax

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

192
-
103
-
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.

3 484
-
1 873
-
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.

3 368
-
3 368
-
total
7 044
-
5 344
-
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
-
-
chamber of commerce
-
109
-
-
trade
-
4 116
-
-
total
-
8 023
-
-
Dividends
-
15 978
-
-
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.

-
210
-
-
withholding
-
3 807
-
-
total
-
4 017
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 044
12 040
5 344
5 529
After tax
16 956
11 960
18 656
18 471
Living cost
22 582
22 582
22 582
22 582
Free-cash
-5 626
-10 622
-3 926
-4 111

Estimated living cost  is ₴22582 per week

₴16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4767
-₴2070
-₴2386
-₴3685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
859
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
684
health
-
-
-
208
pensions
-
-
-
7 026
total
-
-
-
9 521
Employee
21 097
-
18 287
-
pensions
2 385
-
2 068
-
surtax
-
-
-
-
social contributions
601
-
521
-
income
1 245
-
906
-
total
4 231
-
3 495
-
Employer
21 097
-
18 287
-
health
1 477
-
1 280
-
pensions
3 466
-
3 004
-
unemployment
854
-
741
-
social contributions
64
-
55
-
other
728
-
630
-
total
6 589
-
5 710
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 971
-
-
withholding
-
2 211
-
-
total
-
5 182
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 820
11 902
9 205
9 521
After tax
13 180
12 098
14 795
14 479
Living cost
16 865
16 865
16 865
16 865
Free-cash
-3 685
-4 767
-2 070
-2 386

Estimated living cost  is ₴16865 per week

₴10634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3096
-₴399
-₴715
-₴712
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
859
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
684
health
-
-
-
208
pensions
-
-
-
7 026
total
-
-
-
9 521
Employee
18 832
-
18 287
-
pensions
2 130
-
2 068
-
surtax
-
-
-
-
social contributions
537
-
521
-
income
971
-
906
-
total
3 638
-
3 495
-
Employer
18 832
-
18 287
-
health
1 318
-
1 280
-
pensions
3 094
-
3 004
-
unemployment
762
-
741
-
social contributions
56
-
55
-
other
650
-
630
-
total
5 880
-
5 710
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 971
-
-
withholding
-
2 211
-
-
total
-
5 182
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 518
11 902
9 205
9 521
After tax
14 482
12 098
14 795
14 479
Living cost
15 194
15 194
15 194
15 194
Free-cash
-712
-3 096
-399
-715

Estimated living cost  is ₴15194 per week

₴8812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4189
₴4096
₴4960
₴4445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
3 312
health
-
-
-
1 675
total
-
-
-
8 587
Employee
16 713
-
24 000
-
social contributions
2 307
-
3 312
-
income
2 788
-
4 464
-
health
1 166
-
1 675
-
total
6 261
-
9 451
-
Employer
16 713
-
24 000
-
total
-
-
-
-
Corporate
7 287
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%.

364
1 200
-
-
total
364
1 200
-
-
Dividends
6 923
22 800
-
-
social contributions
955
3 147
-
-
withholding
1 038
3 420
-
-
health
484
1 591
-
-
total
2 477
8 158
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 102
9 358
9 451
8 587
After tax
14 898
14 642
14 549
15 413
Living cost
10 453
10 453
10 453
10 453
Free-cash
4 445
4 189
4 096
4 960

Estimated living cost  is ₴10453 per week

₴6995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4594
-₴7879
-₴3964
-₴8288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 103
surtax
-
-
-
97
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
96
health
-
-
-
1 836
pensions
-
-
-
4 440
total
-
-
-
10 595
Employee
24 635
19 644
19 644
-
other
246
196
185
-
unemployment
739
589
555
-
pensions
2 523
2 011
1 894
-
income
2 804
1 449
1 501
-
health
953
761
716
-
total
7 265
5 006
4 851
-
Employer
24 635
19 644
19 644
-
chamber of commerce
98
79
79
-
health
931
743
699
-
pensions
3 092
2 466
2 321
-
accident
320
255
240
-
unemployment
739
589
555
-
surtax
97
97
97
-
payroll
739
589
589
-
other
1 170
933
923
-
total
7 186
5 751
5 503
-
Corporate
1 871
1 871
16 626
-
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.

468
468
4 156
-
total
468
468
4 156
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 919
11 225
14 510
10 595
After tax
9 081
12 775
9 490
13 405
Living cost
17 369
17 369
17 369
17 369
Free-cash
-8 288
-4 594
-7 879
-3 964

Estimated living cost  is ₴17369 per week

₴11584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4421
-₴7387
-₴4438
-₴21522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
1 297
social contributions
-
-
-
2 378
national
-
-
-
6 790
total
-
-
-
10 465
Employee

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

35 260
-
18 588
-
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.

307
-
162
-
communal

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

1 839
-
969
-
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.

2 644
-
1 394
-
national
10 840
-
4 604
-
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.

1 657
-
874
-
total
17 287
-
8 003
-
Employer

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

35 260
-
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.

2 168
-
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.

3 124
-
1 647
-
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.

458
-
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.

514
-
271
-
surtax
3 998
-
2 108
-
total
10 262
-
5 411
-
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.

-
5 552
-
-
total
-
5 552
-
-
Income
24 000
24 000
24 000
24 000
Total tax
27 549
10 448
13 414
10 465
After tax
-3 549
13 552
10 586
13 535
Living cost
17 973
17 973
17 973
17 973
Free-cash
-21 522
-4 421
-7 387
-4 438

Estimated living cost  is ₴17973 per week

₴11577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1574
-₴4268
-₴4451
-₴8358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
216
income
-
-
-
3 449
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 649
Employee
24 537
-
18 198
-
other
24
-
18
-
unemployment
381
-
283
-
pensions
1 153
-
855
-
income
5 177
-
3 508
-
total
6 735
-
4 664
-
Employer
24 537
-
18 198
-
pensions
5 790
-
4 295
-
accident
485
-
360
-
unemployment
1 350
-
1 001
-
other
196
-
146
-
total
7 821
-
5 802
-
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
-
4 172
-
-
total
-
4 172
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 556
7 772
10 466
10 649
After tax
9 444
16 228
13 534
13 351
Living cost
17 802
17 802
17 802
17 802
Free-cash
-8 358
-1 574
-4 268
-4 451

Estimated living cost  is ₴17802 per week

₴13109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11687
-₴10544
-₴10651
-₴17789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
-
accident
-
-
-
216
income
-
-
-
737
surtax
-
-
-
1 270
health
-
-
-
1 800
pensions
-
-
-
3 840
total
-
-
-
7 863
Employee
37 330
-
21 196
-
pensions
2 986
-
1 876
-
surtax
2 288
-
1 280
-
income
3 606
-
753
-
health
1 661
-
1 044
-
total
10 541
-
4 953
-
Employer
37 330
-
21 196
-
health
1 138
-
716
-
pensions
2 986
-
1 876
-
accident
336
-
211
-
total
4 460
-
2 803
-
Corporate
-
24 000
-
-
communal
-
1 620
-
-
income
-
3 600
-
-
surtax
-
252
-
-
total
-
5 472
-
-
Dividends
-
18 529
-
-
income
-
648
-
-
withholding
-
2 779
-
-
total
-
3 427
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 001
8 899
7 756
7 863
After tax
8 999
15 101
16 244
16 137
Living cost
26 788
26 788
26 788
26 788
Free-cash
-17 789
-11 687
-10 544
-10 651

Estimated living cost  is ₴26788 per week

₴20095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4024
₴2102
₴2699
₴2456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 477
other
-
-
-
-
surtax
-
-
-
136
unemployment
-
-
-
112
health
-
-
-
1 704
pensions
-
-
-
4 800
total
-
-
-
10 229
Employee
16 600
-
19 827
-
other
-
-
-
-
unemployment
1 155
-
1 380
-
pensions
1 108
-
1 323
-
surtax
59
-
119
-
income
2 783
-
3 324
-
health
424
-
506
-
total
5 529
-
6 652
-
Employer
16 600
-
19 827
-
health
755
-
902
-
pensions
2 213
-
2 643
-
unemployment
527
-
629
-
other
-
-
-
-
total
3 495
-
4 174
-
Corporate
3 905
24 000
-
-
income
1 015
6 240
-
-
total
1 015
6 240
-
-
Dividends
2 890
17 760
-
-
withholding
433
2 664
-
-
total
433
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 472
8 904
10 826
10 229
After tax
13 528
15 096
13 174
13 771
Living cost
11 072
11 072
11 072
11 072
Free-cash
2 456
4 024
2 102
2 699

Estimated living cost  is ₴11072 per week

₴6685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴664
-₴1554
-₴208
-₴3345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
6 173
regional
-
-
-
362
municipal
-
-
-
142
national
-
-
-
4 252
total
-
-
-
10 929
Employee
27 344
-
24 000
-
municipal
145
-
127
-
national
4 332
-
3 733
-
regional
368
-
323
-
social contributions
9 221
-
8 092
-
total
14 066
-
12 275
-
Employer
27 344
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 193
-
-
nationa
-
5 760
-
-
total
-
6 953
-
-
Dividends
-
17 047
-
-
withholding
-
4 432
-
-
total
-
4 432
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 066
11 385
12 275
10 929
After tax
9 934
12 615
11 725
13 071
Living cost
13 279
13 279
13 279
13 279
Free-cash
-3 345
-664
-1 554
-208

Estimated living cost  is ₴13279 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1409
-₴2936
-₴3426
-₴5785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 063
social contributions
-
-
-
7 008
solidarity contribution
-
-
-
-
health
-
-
-
3 240
total
-
-
-
12 311
Employee
22 227
-
17 910
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
1 164
-
income
2 667
-
2 149
-
health
3 001
-
2 418
-
total
7 113
-
5 731
-
Employer
22 227
-
17 910
-
health
2 000
-
1 612
-
social contributions
5 557
-
4 478
-
total
7 557
-
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
14 670
7 476
11 821
12 311
After tax
9 330
16 524
12 179
11 689
Living cost
15 115
15 115
15 115
15 115
Free-cash
-5 785
1 409
-2 936
-3 426

Estimated living cost  is ₴15115 per week

₴11240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2854
-₴6189
-₴2224
-₴4215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 103
surtax
-
-
-
-
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
96
health
-
-
-
1 836
pensions
-
-
-
4 440
total
-
-
-
10 498
Employee
21 548
19 644
19 644
-
other
215
196
186
-
unemployment
646
589
558
-
pensions
2 207
2 011
1 902
-
income
1 920
1 449
1 498
-
health
833
761
718
-
total
5 821
5 006
4 862
-
Employer
21 548
19 644
19 644
-
chamber of commerce
86
79
79
-
health
815
743
703
-
pensions
2 704
2 466
2 331
-
accident
280
255
241
-
unemployment
646
589
558
-
surtax
-
-
-
-
payroll
646
589
589
-
other
1 023
933
924
-
total
6 200
5 654
5 425
-
Corporate
1 871
1 871
16 705
-
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.

468
468
4 176
-
total
468
468
4 176
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 489
11 128
14 463
10 498
After tax
11 511
12 872
9 537
13 502
Living cost
15 726
15 726
15 726
15 726
Free-cash
-4 215
-2 854
-6 189
-2 224

Estimated living cost  is ₴15726 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16526
₴12926
₴17486
₴15349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 843
-
24 000
-
income
1 569
-
4 800
-
total
1 569
-
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%.

16 157
24 000
-
-
total
-
-
-
-
Dividends
16 157
24 000
-
-
withholding
808
1 200
-
-
total
808
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 377
1 200
4 800
240
After tax
21 623
22 800
19 200
23 760
Living cost
6 274
6 274
6 274
6 274
Free-cash
15 349
16 526
12 926
17 486

Estimated living cost  is ₴6274 per week

₴4246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3302
-₴587
₴174
-₴1193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 824
unemployment
-
-
-
36
health
-
-
-
2 361
pensions
-
-
-
4 383
total
-
-
-
10 604
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.

21 798
-
20 767
-
unemployment
31
-
29
-
pensions
3 379
-
3 219
-
income
3 759
-
3 543
-
health
1 408
-
1 341
-
total
8 577
-
8 132
-
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.

21 798
-
20 767
-
health
1 452
-
1 383
-
pensions
1 929
-
1 838
-
unemployment
13
-
12
-
total
3 394
-
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
11 971
7 476
11 365
10 604
After tax
12 029
16 524
12 635
13 396
Living cost
13 222
13 222
13 222
13 222
Free-cash
-1 193
3 302
-587
174

Estimated living cost  is ₴13222 per week

₴9074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6773
-₴3892
-₴4789
-₴49865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 649
-
-
-
social contributions
2 513
-
358
-
income
6 761
-
-
-
total
9 274
-
358
-
Employer
30 649
-
-
-
social contributions
43 216
-
6 159
-
total
43 216
-
6 159
-
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
52 490
9 398
6 517
7 414
After tax
-28 490
14 602
17 483
16 586
Living cost
21 375
21 375
21 375
21 375
Free-cash
-49 865
-6 773
-3 892
-4 789

Estimated living cost  is ₴21375 per week

₴13869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1811
-₴2007
-₴1460
-₴4056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 658
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 998
Employee
22 671
-
19 394
-
surtax
-
-
-
-
social contributions
2 494
-
2 134
-
income
4 716
-
3 805
-
total
7 210
-
5 939
-
Employer
22 671
-
19 394
-
social contributions
5 384
-
4 606
-
total
5 384
-
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
12 594
10 349
10 545
9 998
After tax
11 406
13 651
13 455
14 002
Living cost
15 462
15 462
15 462
15 462
Free-cash
-4 056
-1 811
-2 007
-1 460

Estimated living cost  is ₴15462 per week

₴11569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
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.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11710
-₴9013
-₴9329
-₴16516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
859
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
684
health
-
-
-
208
pensions
-
-
-
7 026
total
-
-
-
9 521
Employee
30 874
-
18 287
-
pensions
3 492
-
2 068
-
surtax
-
-
-
-
social contributions
879
-
521
-
income
2 694
-
906
-
total
7 065
-
3 495
-
Employer
30 874
-
18 287
-
health
2 161
-
1 280
-
pensions
5 073
-
3 004
-
unemployment
1 251
-
741
-
social contributions
93
-
55
-
other
1 065
-
630
-
total
9 643
-
5 710
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 971
-
-
withholding
-
2 211
-
-
total
-
5 182
-
-
Income
24 000
24 000
24 000
24 000
Total tax
16 708
11 902
9 205
9 521
After tax
7 292
12 098
14 795
14 479
Living cost
23 808
23 808
23 808
23 808
Free-cash
-16 516
-11 710
-9 013
-9 329

Estimated living cost  is ₴23808 per week

₴16113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6783
₴4612
₴3902
₴5127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 281
total
-
-
-
5 281
Employee
15 847
-
20 779
-
income
-
-
-
-
social contributions
1 030
-
1 350
-
total
1 030
-
1 350
-
Employer
15 847
-
20 779
-
social contributions
2 456
-
3 221
-
total
2 456
-
3 221
-
Corporate
5 696
24 000
-
-
income
570
2 400
-
-
total
570
2 400
-
-
Dividends
5 126
21 600
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
4 056
2 400
4 571
5 281
After tax
19 944
21 600
19 429
18 719
Living cost
14 817
14 817
14 817
14 817
Free-cash
5 127
6 783
4 612
3 902

Estimated living cost  is ₴14817 per week

₴9581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴83302
-₴83302
-₴7864
-₴83302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
1 886
municipal
-
-
-
3 672
national
-
-
-
2 161
pensions
-
-
-
427
total
-
-
-
8 146
Employee
100 109
100 109
100 109
-
municipal
21 318
21 318
21 318
-
labour market
7 997
7 997
7 997
-
pensions
142
142
142
-
national
12 230
12 230
12 230
-
total
41 687
41 687
41 687
-
Employer
100 109
100 109
100 109
-
national
12 251
12 251
12 251
-
labour market
8 009
8 009
8 009
-
pensions
285
285
285
-
municipal
21 352
21 352
21 352
-
total
41 897
41 897
41 897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
83 584
83 584
83 584
8 146
After tax
-59 584
-59 584
-59 584
15 854
Living cost
23 718
23 718
23 718
23 718
Free-cash
-83 302
-83 302
-83 302
-7 864

Estimated living cost  is ₴23718 per week

₴16233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8916
₴1814
₴5777
₴278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
3 872
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
7 363
Employee
17 084
-
19 937
-
pensions
1 924
-
2 245
-
income
2 344
-
2 735
-
health
1 956
-
2 283
-
total
6 224
-
7 263
-
Employer
17 084
-
19 937
-
pensions
2 778
-
3 242
-
accident
285
-
333
-
unemployment
419
-
488
-
total
3 482
-
4 063
-
Corporate
3 435
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.

3 091
21 600
-
-
total
3 091
21 600
-
-
Dividends
343
2 400
-
-
withholding
65
456
-
-
total
65
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 862
22 056
11 326
7 363
After tax
11 138
1 944
12 674
16 637
Living cost
10 860
10 860
10 860
10 860
Free-cash
278
-8 916
1 814
5 777

Estimated living cost  is ₴10860 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2317
-₴3938
₴178
-₴6826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
164
municipal
-
-
-
4 291
national
-
-
-
442
total
-
-
-
4 897
Employee
25 934
-
20 190
-
municipal
4 248
-
3 315
-
unemployment
389
-
303
-
pensions
1 750
-
1 363
-
national
428
-
117
-
health
194
-
105
-
total
7 009
-
5 203
-
Employer
25 934
-
20 190
-
health
199
-
155
-
pensions
4 499
-
3 503
-
accident
26
-
21
-
unemployment
168
-
131
-
total
4 892
-
3 810
-
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
11 901
7 392
9 013
4 897
After tax
12 099
16 608
14 987
19 103
Living cost
18 925
18 925
18 925
18 925
Free-cash
-6 826
-2 317
-3 938
178

Estimated living cost  is ₴18925 per week

₴12362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1439
₴4206
₴7950
₴3617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
281
social contributions
-
-
-
3 744
health
-
-
-
612
total
-
-
-
4 637
Employee
37 904
37 904
37 904
-
social contributions
1 433
3 146
1 808
-
income
4 127
3 509
3 992
-
health
294
645
370
-
total
5 854
7 300
6 170
-
Employer
37 904
37 904
37 904
-
health
319
702
403
-
social contributions
1 433
3 146
1 808
-
total
1 752
3 848
2 211
-
Corporate
4 981
-
-
-
income
623
-
-
-
total
623
-
-
-
Dividends
4 358
-
-
-
withholding
741
-
-
-
total
741
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 970
11 148
8 381
4 637
After tax
15 030
12 852
15 619
19 363
Living cost
11 413
11 413
11 413
11 413
Free-cash
3 617
1 439
4 206
7 950

Estimated living cost  is ₴11413 per week

₴6840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
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.
₴3201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12049
₴7067
₴9317
₴9541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
1 923
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 136
total
-
-
-
6 857
Employee

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

11 315
-
21 760
-
unemployment
56
-
109
-
pensions
1 697
-
3 264
-
income
774
-
1 645
-
health
962
-
1 849
-
total
3 489
-
6 867
-
Employer

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

11 315
-
21 760
-
health
486
-
935
-
pensions
622
-
1 196
-
unemployment
56
-
109
-
total
1 164
-
2 240
-
Corporate
11 521
24 000
-
-
income
1 036
2 160
-
-
total
1 036
2 160
-
-
Dividends
10 484
21 840
-
-
withholding
944
1 965
-
-
total
944
1 965
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 633
4 125
9 107
6 857
After tax
17 367
19 875
14 893
17 143
Living cost
7 826
7 826
7 826
7 826
Free-cash
9 541
12 049
7 067
9 317

Estimated living cost  is ₴7826 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2673
-₴21
-₴204
-₴38
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
216
income
-
-
-
3 449
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 649
Employee
18 227
-
18 198
-
other
18
-
18
-
unemployment
283
-
283
-
pensions
857
-
855
-
income
3 514
-
3 508
-
total
4 672
-
4 664
-
Employer
18 227
-
18 198
-
pensions
4 301
-
4 295
-
accident
361
-
360
-
unemployment
1 003
-
1 001
-
other
146
-
146
-
total
5 811
-
5 802
-
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
-
4 172
-
-
total
-
4 172
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 483
7 772
10 466
10 649
After tax
13 517
16 228
13 534
13 351
Living cost
13 555
13 555
13 555
13 555
Free-cash
-38
2 673
-21
-204

Estimated living cost  is ₴13555 per week

₴9150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
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.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14017
₴14009
₴14078
₴13859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 756
health
-
-
-
507
pensions
-
-
-
700
total
-
-
-
8 963
Employee
1 461
-
23 213
-
unemployment
15
-
35
-
pensions
131
-
315
-
income
283
-
7 720
-
health
73
-
175
-
total
502
-
8 245
-
Employer
1 461
-
23 213
-
health
139
-
332
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
787
-
Corporate
22 210
24 000
-
-
income
4 886
5 280
-
-
total
4 886
5 280
-
-
Dividends
17 324
18 720
-
-
withholding
3 465
3 744
-
-
total
3 465
3 744
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 182
9 024
9 032
8 963
After tax
14 818
14 976
14 968
15 037
Living cost
959
959
959
959
Free-cash
13 859
14 017
14 009
14 078

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴8817
₴4508
₴3475
₴6393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 930
unemployment
-
-
-
360
health
-
-
-
2 472
pensions
-
-
-
6 240
total
-
-
-
12 002
Employee

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

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

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

12 853
-
20 356
-
unemployment
96
-
153
-
pensions
1 799
-
2 850
-
income
1 772
-
3 274
-
health
662
-
1 048
-
total
4 329
-
7 325
-
Employer

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

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

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

12 853
-
20 356
-
health
662
-
1 048
-
pensions
1 542
-
2 443
-
unemployment
96
-
153
-
total
2 300
-
3 644
-
Corporate
8 847
24 000
-
-
income
1 327
3 600
-
-
total
1 327
3 600
-
-
Dividends
7 520
20 400
-
-
withholding
1 128
3 060
-
-
total
1 128
3 060
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 084
6 660
10 969
12 002
After tax
14 916
17 340
13 031
11 998
Living cost
8 523
8 523
8 523
8 523
Free-cash
6 393
8 817
4 508
3 475

Estimated living cost  is ₴8523 per week

₴5739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴362
₴166
₴713
₴185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 658
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 998
Employee
19 132
-
19 394
-
surtax
-
-
-
-
social contributions
2 105
-
2 134
-
income
3 738
-
3 805
-
total
5 843
-
5 939
-
Employer
19 132
-
19 394
-
social contributions
4 543
-
4 606
-
total
4 543
-
4 606
-
Corporate
325
24 000
-
-
income
68
5 040
-
-
surtax
-
-
-
-
total
68
5 040
-
-
Dividends
256
18 960
-
-
withholding
72
5 309
-
-
total
72
5 309
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 526
10 349
10 545
9 998
After tax
13 474
13 651
13 455
14 002
Living cost
13 289
13 289
13 289
13 289
Free-cash
185
362
166
713

Estimated living cost  is ₴13289 per week

₴9412
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.
₴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.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1096
-₴3790
-₴3973
-₴7397
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
216
income
-
-
-
3 449
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 649
Employee
23 807
-
18 198
-
other
23
-
18
-
unemployment
369
-
283
-
pensions
1 119
-
855
-
income
4 972
-
3 508
-
total
6 483
-
4 664
-
Employer
23 807
-
18 198
-
pensions
5 618
-
4 295
-
accident
471
-
360
-
unemployment
1 310
-
1 001
-
other
191
-
146
-
total
7 590
-
5 802
-
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
-
4 172
-
-
total
-
4 172
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 073
7 772
10 466
10 649
After tax
9 927
16 228
13 534
13 351
Living cost
17 324
17 324
17 324
17 324
Free-cash
-7 397
-1 096
-3 790
-3 973

Estimated living cost  is ₴17324 per week

₴12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12040
₴7588
₴7323
₴9037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
8 197
Employee
11 229
-
20 622
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

986
-
1 512
-
income
1 123
-
2 062
-
health
517
-
792
-
total
2 749
-
4 555
-
Employer
11 229
-
20 622
-
health
775
-
1 188
-
pensions

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

1 237
-
1 897
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 202
-
3 377
-
Corporate
10 568
24 000
-
-
income
1 057
2 400
-
-
total
1 057
2 400
-
-
Dividends
9 511
21 600
-
-
withholding
475
1 080
-
-
total
475
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 483
3 480
7 932
8 197
After tax
17 517
20 520
16 068
15 803
Living cost
8 480
8 480
8 480
8 480
Free-cash
9 037
12 040
7 588
7 323

Estimated living cost  is ₴8480 per week

₴5609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6577
-₴375
-₴530
-₴527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 873
surtax

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

-
-
-
103
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.

-
-
-
3 368
trade
-
-
-
155
total
-
-
-
5 499
Employee

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

24 527
-
24 000
-
surtax

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

111
-
103
-
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.

2 017
-
1 873
-
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.

3 368
-
3 368
-
total
5 496
-
5 344
-
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
-
-
chamber of commerce
-
110
-
-
trade
-
3 444
-
-
total
-
7 352
-
-
Dividends
-
16 647
-
-
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.

-
219
-
-
withholding
-
3 975
-
-
total
-
4 194
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 496
11 546
5 344
5 499
After tax
18 504
12 454
18 656
18 501
Living cost
19 031
19 031
19 031
19 031
Free-cash
-527
-6 577
-375
-530

Estimated living cost  is ₴19031 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11280
-₴8938
-₴8938
-₴14559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 256
social contributions
-
-
-
1 602
total
-
-
-
4 858
Employee
38 559
-
24 000
-
income
7 276
-
3 256
-
social contributions
3 203
-
1 602
-
total
10 479
-
4 858
-
Employer
38 559
-
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
10 479
7 200
4 858
4 858
After tax
13 521
16 800
19 142
19 142
Living cost
28 080
28 080
28 080
28 080
Free-cash
-14 559
-11 280
-8 938
-8 938

Estimated living cost  is ₴28080 per week

₴21363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2288
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4634
-₴540
-₴10948
-₴2351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 032
health

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

-
-
-
3 022
total
-
-
-
17 054
Employee
22 613
-
21 814
-
income
2 454
-
2 274
-
social contributions
2 266
-
2 186
-
total
4 720
-
4 460
-
Employer
22 613
-
21 814
-
social contributions
2 266
-
2 186
-
total
2 266
-
2 186
-
Corporate
-
24 000
-
-
income
-
8 400
-
-
total
-
8 400
-
-
Dividends
-
15 600
-
-
social contributions
1 471
2 340
-
-
total
1 471
2 340
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 457
10 740
6 646
17 054
After tax
15 543
13 260
17 354
6 946
Living cost
17 894
17 894
17 894
17 894
Free-cash
-2 351
-4 634
-540
-10 948

Estimated living cost  is ₴17894 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴182
-₴2333
-₴39
-₴3926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 532
pensions
-
-
-
1 343
total
-
-
-
5 875
Employee
24 933
-
21 540
-
pensions
1 903
-
1 496
-
income
4 541
-
3 958
-
health
325
-
255
-
total
6 769
-
5 709
-
Employer
24 933
-
21 540
-
health
474
-
409
-
pensions
2 519
-
2 051
-
total
2 993
-
2 460
-
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.

-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 762
6 018
8 169
5 875
After tax
14 238
17 982
15 831
18 125
Living cost
18 164
18 164
18 164
18 164
Free-cash
-3 926
-182
-2 333
-39

Estimated living cost  is ₴18164 per week

₴12461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9991
₴739
₴4702
₴112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
3 872
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
7 363
Employee
18 775
-
19 937
-
pensions
2 114
-
2 245
-
income
2 576
-
2 735
-
health
2 150
-
2 283
-
total
6 840
-
7 263
-
Employer
18 775
-
19 937
-
pensions
3 053
-
3 242
-
accident
314
-
333
-
unemployment
460
-
488
-
total
3 827
-
4 063
-
Corporate
1 399
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.

1 259
21 600
-
-
total
1 259
21 600
-
-
Dividends
140
2 400
-
-
withholding
27
456
-
-
total
27
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 953
22 056
11 326
7 363
After tax
12 047
1 944
12 674
16 637
Living cost
11 935
11 935
11 935
11 935
Free-cash
112
-9 991
739
4 702

Estimated living cost  is ₴11935 per week

₴8759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13750
₴7742
₴7742
₴11356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 008
unemployment
-
-
-
288
work injury
-
-
-
120
health insurance
-
-
-
1 776
pensions
-
-
-
4 416
total
-
-
-
9 608
Employee

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

10 641
-
24 000
-
health insurance
787
-
1 776
-
unemployment
128
-
288
-
work injury
53
-
120
-
pensions
1 958
-
4 416
-
income
1 064
-
3 008
-
total
3 990
-
9 608
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 359
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
13 359
24 000
-
-
withholding
2 004
3 600
-
-
total
2 004
3 600
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 994
3 600
9 608
9 608
After tax
18 006
20 400
14 392
14 392
Living cost
6 650
6 650
6 650
6 650
Free-cash
11 356
13 750
7 742
7 742

Estimated living cost  is ₴6650 per week

₴4120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6995
-₴7899
-₴6570
-₴17538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
6 173
regional
-
-
-
347
municipal
-
-
-
161
national
-
-
-
4 252
total
-
-
-
10 933
Employee
41 538
-
24 000
-
municipal
248
-
143
-
national
7 020
-
3 733
-
regional
627
-
294
-
social contributions
14 006
-
8 092
-
total
21 901
-
12 262
-
Employer
41 538
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 157
-
-
nationa
-
5 760
-
-
total
-
6 917
-
-
Dividends
-
17 082
-
-
withholding
-
4 441
-
-
total
-
4 441
-
-
Income
24 000
24 000
24 000
24 000
Total tax
21 901
11 358
12 262
10 933
After tax
2 099
12 642
11 738
13 067
Living cost
19 637
19 637
19 637
19 637
Free-cash
-17 538
-6 995
-7 899
-6 570

Estimated living cost  is ₴19637 per week

₴13794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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