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
-₴2789
₴3667
₴3513
₴2688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 852
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.

-
-
-
101
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.

-
-
-
3 383
trade
-
-
-
154
total
-
-
-
5 490
Employee

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

18 938
-
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
-
101
-
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.

529
-
1 852
-
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.

3 383
-
3 383
-
total
3 941
-
5 336
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 062
24 000
-
-
income
759
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.

41
198
-
-
chamber of commerce
83
110
-
-
trade
798
3 780
-
-
total
1 681
7 688
-
-
Dividends
3 381
16 312
-
-
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.

36
214
-
-
withholding
657
3 890
-
-
total
693
4 104
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 315
11 792
5 336
5 490
After tax
17 685
12 208
18 664
18 510
Living cost
14 997
14 997
14 997
14 997
Free-cash
2 688
-2 789
3 667
3 513

Estimated living cost  is ₴14997 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11277
-₴10692
-₴10880
-₴20390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 153
national
-
-
-
3 336
pensions
-
-
-
2 880
total
-
-
-
8 627
Employee
40 697
-
20 748
-
municipal
5 027
-
2 246
-
pensions
1 628
-
830
-
national
7 789
-
3 480
-
total
14 444
-
6 556
-
Employer
40 697
-
20 748
-
pensions
3 256
-
1 660
-
social contributions
437
-
223
-
total
3 693
-
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
18 137
9 024
8 439
8 627
After tax
5 863
14 976
15 561
15 373
Living cost
26 253
26 253
26 253
26 253
Free-cash
-20 390
-11 277
-10 692
-10 880

Estimated living cost  is ₴26253 per week

₴17844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8899
₴3470
₴8540
₴4838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 559
microenterprise
-
-
-
3 600
total
-
-
-
5 159
Employee
14 468
-
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.

1 592
-
2 127
-
income
2 575
-
3 443
-
total
4 167
-
5 570
-
Employer
14 468
-
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.

3 485
-
4 659
-
surtax
-
-
-
-
total
3 485
-
4 659
-
Corporate
6 047
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%.

1 209
4 800
-
-
total
1 209
4 800
-
-
Dividends

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

4 838
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 861
4 800
10 229
5 159
After tax
15 139
19 200
13 771
18 841
Living cost
10 301
10 301
10 301
10 301
Free-cash
4 838
8 899
3 470
8 540

Estimated living cost  is ₴10301 per week

₴6572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
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.
₴2514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22388
-₴25168
-₴6976
-₴25168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 230
health
-
-
-
3 684
pensions
-
-
-
4 320
total
-
-
-
10 234
Employee
42 282
42 282
42 282
-
pensions
7 611
5 801
7 611
-
income

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

6 921
6 921
6 921
-
health
6 490
5 520
6 490
-
total
21 022
18 242
21 022
-
Employer
42 282
42 282
42 282
-
health
2 939
2 939
2 939
-
pensions
2 943
2 943
2 943
-
unemployment
1 522
1 522
1 522
-
total
7 404
7 404
7 404
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
28 426
25 646
28 426
10 234
After tax
-4 426
-1 646
-4 426
13 766
Living cost
20 742
20 742
20 742
20 742
Free-cash
-25 168
-22 388
-25 168
-6 976

Estimated living cost  is ₴20742 per week

₴14699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7235
-₴7523
-₴8376
-₴14087
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 084
national
-
-
-
-
pensions
-
-
-
2 594
total
-
-
-
12 037
Employee
28 982
-
18 262
-
municipal
8 642
-
5 446
-
national
-
-
-
-
total
8 642
-
5 446
-
Employer
28 982
-
18 262
-
health
1 782
-
1 123
-
pensions
3 133
-
1 974
-
accident
58
-
37
-
unemployment
765
-
482
-
other
3 368
-
2 122
-
total
9 106
-
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
17 748
10 896
11 184
12 037
After tax
6 252
13 104
12 816
11 963
Living cost
20 339
20 339
20 339
20 339
Free-cash
-14 087
-7 235
-7 523
-8 376

Estimated living cost  is ₴20339 per week

₴13480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7365
-₴787
-₴949
-₴1109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 852
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.

-
-
-
101
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.

-
-
-
3 383
trade
-
-
-
162
total
-
-
-
5 498
Employee

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

25 109
-
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
-
101
-
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.

2 157
-
1 852
-
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.

3 383
-
3 383
-
total
5 658
-
5 336
-
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
-
16 145
-
-
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
-
3 848
-
-
total
-
4 059
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 658
11 914
5 336
5 498
After tax
18 342
12 086
18 664
18 502
Living cost
19 451
19 451
19 451
19 451
Free-cash
-1 109
-7 365
-787
-949

Estimated living cost  is ₴19451 per week

₴13009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3256
-₴463
₴3320
-₴549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
264
social contributions
-
-
-
3 744
health
-
-
-
612
total
-
-
-
4 620
Employee
38 073
38 073
38 073
-
social contributions
1 850
3 160
1 809
-
income
3 998
3 524
4 012
-
health
379
647
370
-
total
6 227
7 331
6 191
-
Employer
38 073
38 073
38 073
-
health
412
705
403
-
social contributions
1 850
3 160
1 809
-
total
2 262
3 865
2 212
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 489
11 196
8 403
4 620
After tax
15 511
12 804
15 597
19 380
Living cost
16 060
16 060
16 060
16 060
Free-cash
-549
-3 256
-463
3 320

Estimated living cost  is ₴16060 per week

₴10978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4526
₴4823
₴7535
₴4715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 124
5 223
20 084
-
unemployment
197
78
301
-
pensions
1 312
522
2 008
-
income
1 604
639
2 455
-
health
919
366
1 406
-
total
4 032
1 605
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.

13 124
5 223
20 084
-
pensions
2 559
1 018
3 916
-
total
2 559
1 018
3 916
-
Corporate
8 317
17 759
-
-
income
749
1 598
-
-
total
749
1 598
-
-
Dividends
7 569
16 160
-
-
social contributions
1 416
3 092
-
-
withholding
1 438
3 070
-
-
total
2 854
6 162
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 194
10 383
10 086
7 374
After tax
13 806
13 617
13 914
16 626
Living cost
9 091
9 091
9 091
9 091
Free-cash
4 715
4 526
4 823
7 535

Estimated living cost  is ₴9091 per week

₴6204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7241
₴2584
₴1749
₴4165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 372
health
-
-
-
3 120
pensions
-
-
-
4 800
total
-
-
-
10 292
Employee
14 046
-
17 937
-
unemployment
225
-
287
-
pensions
281
-
359
-
income
1 581
-
2 748
-
total
2 087
-
3 394
-
Employer
14 046
-
17 937
-
health
1 826
-
2 332
-
pensions
2 809
-
3 587
-
unemployment
113
-
144
-
total
4 748
-
6 063
-
Corporate
5 206
24 000
-
-
income
1 041
4 800
-
-
total
1 041
4 800
-
-
Dividends
4 165
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 876
4 800
9 457
10 292
After tax
16 124
19 200
14 543
13 708
Living cost
11 959
11 959
11 959
11 959
Free-cash
4 165
7 241
2 584
1 749

Estimated living cost  is ₴11959 per week

₴8203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
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.
₴2804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9093
₴1636
₴5601
₴250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 868
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
7 362
Employee
17 361
-
19 937
-
pensions
1 955
-
2 245
-
income
2 382
-
2 735
-
health
1 988
-
2 283
-
total
6 325
-
7 263
-
Employer
17 361
-
19 937
-
pensions
2 823
-
3 242
-
accident
290
-
333
-
unemployment
425
-
489
-
total
3 538
-
4 064
-
Corporate
3 101
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.

2 791
21 600
-
-
total
2 791
21 600
-
-
Dividends
310
2 400
-
-
withholding
59
456
-
-
total
59
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 713
22 056
11 327
7 362
After tax
11 287
1 944
12 673
16 638
Living cost
11 036
11 036
11 036
11 036
Free-cash
250
-9 093
1 636
5 601

Estimated living cost  is ₴11036 per week

₴8089
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.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18809
₴15209
₴19769
₴18060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 989
-
24 000
-
income
998
-
4 800
-
total
998
-
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%.

19 011
24 000
-
-
total
-
-
-
-
Dividends
19 011
24 000
-
-
withholding
951
1 200
-
-
total
951
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
1 949
1 200
4 800
240
After tax
22 051
22 800
19 200
23 760
Living cost
3 991
3 991
3 991
3 991
Free-cash
18 060
18 809
15 209
19 769

Estimated living cost  is ₴3991 per week

₴2473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4439
₴873
-₴198
₴1096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 048
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.

-
-
-
5 761
total
-
-
-
11 005
Employee
17 978
-
19 170
-
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.

1 258
-
1 342
-
income
3 095
-
3 300
-
health
252
-
269
-
total
4 784
-
5 103
-
Employer
17 978
-
19 170
-
health
252
-
269
-
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.

3 057
-
3 259
-
accident
144
-
153
-
unemployment
179
-
192
-
other
899
-
958
-
total
4 531
-
4 831
-
Corporate
1 492
24 000
-
-
income
313
5 040
-
-
total
313
5 040
-
-
Dividends
1 179
18 960
-
-
withholding
83
1 328
-
-
total
83
1 328
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 711
6 368
9 934
11 005
After tax
14 289
17 632
14 066
12 995
Living cost
13 193
13 193
13 193
13 193
Free-cash
1 096
4 439
873
-198

Estimated living cost  is ₴13193 per week

₴9322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14841
-₴16987
-₴14695
-₴28804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 340
total
-
-
-
5 872
Employee
46 440
-
21 543
-
pensions
4 480
-
1 493
-
income
8 371
-
3 959
-
health
765
-
255
-
total
13 616
-
5 707
-
Employer
46 440
-
21 543
-
health
882
-
410
-
pensions
5 483
-
2 047
-
total
6 365
-
2 457
-
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
19 981
6 018
8 164
5 872
After tax
4 019
17 982
15 836
18 128
Living cost
32 823
32 823
32 823
32 823
Free-cash
-28 804
-14 841
-16 987
-14 695

Estimated living cost  is ₴32823 per week

₴24595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14031
₴9555
₴9295
₴11732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
8 216
Employee
8 593
-
20 608
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
2 061
-
health
395
-
795
-
total
2 103
-
4 564
-
Employer
8 593
-
20 608
-
health
593
-
1 193
-
pensions

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

947
-
1 905
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
unemployment
51
-
104
-
total
1 686
-
3 392
-
Corporate
13 721
24 000
-
-
income
1 372
2 400
-
-
total
1 372
2 400
-
-
Dividends
12 349
21 600
-
-
withholding
618
1 080
-
-
total
618
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 779
3 480
7 956
8 216
After tax
18 221
20 520
16 044
15 784
Living cost
6 489
6 489
6 489
6 489
Free-cash
11 732
14 031
9 555
9 295

Estimated living cost  is ₴6489 per week

₴3789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29102
-₴31882
-₴13690
-₴29943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 230
health
-
-
-
3 684
pensions
-
-
-
4 320
total
-
-
-
10 234
Employee
45 905
42 282
42 282
-
pensions
5 801
5 801
7 611
-
income

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

6 921
6 921
6 921
-
health
5 727
5 520
6 490
-
total
18 449
18 242
21 022
-
Employer
45 905
42 282
42 282
-
health
3 190
2 939
2 939
-
pensions
3 195
2 943
2 943
-
unemployment
1 653
1 522
1 522
-
total
8 038
7 404
7 404
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
26 487
25 646
28 426
10 234
After tax
-2 487
-1 646
-4 426
13 766
Living cost
27 456
27 456
27 456
27 456
Free-cash
-29 943
-29 102
-31 882
-13 690

Estimated living cost  is ₴27456 per week

₴20253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4222
-₴123
-₴613
-₴242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
18 092
-
17 910
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
1 164
-
income
2 171
-
2 149
-
health
2 442
-
2 418
-
total
5 789
-
5 731
-
Employer
18 092
-
17 910
-
health
1 628
-
1 612
-
social contributions
4 523
-
4 478
-
total
6 151
-
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
11 940
7 476
11 821
12 311
After tax
12 060
16 524
12 179
11 689
Living cost
12 302
12 302
12 302
12 302
Free-cash
-242
4 222
-123
-613

Estimated living cost  is ₴12302 per week

₴8545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8088
-₴9046
-₴7692
-₴20004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
233
municipal
-
-
-
143
national
-
-
-
4 250
total
-
-
-
10 799
Employee
44 004
-
24 000
-
municipal
233
-
127
-
national
7 625
-
3 731
-
regional
415
-
202
-
social contributions
14 838
-
8 093
-
total
23 111
-
12 153
-
Employer
44 004
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
936
-
-
nationa
-
5 760
-
-
total
-
6 696
-
-
Dividends
-
17 304
-
-
withholding
-
4 499
-
-
total
-
4 499
-
-
Income
24 000
24 000
24 000
24 000
Total tax
23 111
11 195
12 153
10 799
After tax
889
12 805
11 847
13 201
Living cost
20 893
20 893
20 893
20 893
Free-cash
-20 004
-8 088
-9 046
-7 692

Estimated living cost  is ₴20893 per week

₴14564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4170
₴2252
₴2846
₴2627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
134
unemployment
-
-
-
113
health
-
-
-
1 704
pensions
-
-
-
4 800
total
-
-
-
10 228
Employee
16 374
-
19 826
-
other
-
-
-
-
unemployment
1 140
-
1 380
-
pensions
1 092
-
1 322
-
surtax
54
-
117
-
income
2 745
-
3 323
-
health
418
-
506
-
total
5 449
-
6 648
-
Employer
16 374
-
19 826
-
health
745
-
902
-
pensions
2 183
-
2 643
-
unemployment
519
-
629
-
other
-
-
-
-
total
3 447
-
4 174
-
Corporate
4 180
24 000
-
-
income
1 087
6 240
-
-
total
1 087
6 240
-
-
Dividends
3 093
17 760
-
-
withholding
464
2 664
-
-
total
464
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 447
8 904
10 822
10 228
After tax
13 553
15 096
13 178
13 772
Living cost
10 926
10 926
10 926
10 926
Free-cash
2 627
4 170
2 252
2 846

Estimated living cost  is ₴10926 per week

₴6681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4442
-₴6588
-₴4296
-₴11083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 340
total
-
-
-
5 872
Employee
31 123
-
21 543
-
pensions
2 642
-
1 493
-
income
5 605
-
3 959
-
health
452
-
255
-
total
8 699
-
5 707
-
Employer
31 123
-
21 543
-
health
591
-
410
-
pensions
3 369
-
2 047
-
total
3 960
-
2 457
-
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
12 659
6 018
8 164
5 872
After tax
11 341
17 982
15 836
18 128
Living cost
22 424
22 424
22 424
22 424
Free-cash
-11 083
-4 442
-6 588
-4 296

Estimated living cost  is ₴22424 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴28241
-₴20194
-₴18770
-₴26267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
435
health
-
-
-
128
city
-
-
-
252
national
-
-
-
50
pensions
-
-
-
2 209
total
-
-
-
3 554
Employee
45 893
-
21 372
-
unemployment
-
-
-
-
pensions
3 856
-
1 918
-
national
217
-
35
-
regional
1 503
-
355
-
city
493
-
229
-
health
104
-
48
-
total
6 173
-
2 585
-
Employer
45 893
-
21 372
-
health
104
-
48
-
pensions
3 856
-
1 918
-
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.

918
-
427
-
total
4 878
-
2 393
-
Corporate
-
24 000
-
-
regional
-
5 076
-
-
national
-
2 040
-
-
total
-
7 116
-
-
Dividends
-
16 884
-
-
withholding
-
5 909
-
-
total
-
5 909
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 051
13 025
4 978
3 554
After tax
12 949
10 975
19 022
20 446
Living cost
39 216
39 216
39 216
39 216
Free-cash
-26 267
-28 241
-20 194
-18 770

Estimated living cost  is ₴39216 per week

₴25501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10721
-₴4018
-₴4186
-₴5757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 852
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.

-
-
-
101
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.

-
-
-
3 383
trade
-
-
-
168
total
-
-
-
5 504
Employee

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

29 756
-
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.

193
-
101
-
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.

3 499
-
1 852
-
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.

3 383
-
3 383
-
total
7 075
-
5 336
-
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
-
15 977
-
-
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
-
3 806
-
-
total
-
4 016
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 075
12 039
5 336
5 504
After tax
16 925
11 961
18 664
18 496
Living cost
22 682
22 682
22 682
22 682
Free-cash
-5 757
-10 721
-4 018
-4 186

Estimated living cost  is ₴22682 per week

₴16566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4844
-₴2138
-₴2457
-₴3809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
853
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
683
health
-
-
-
208
pensions
-
-
-
7 029
total
-
-
-
9 517
Employee
21 191
-
18 288
-
pensions
2 396
-
2 068
-
surtax
-
-
-
-
social contributions
604
-
521
-
income
1 251
-
900
-
total
4 251
-
3 489
-
Employer
21 191
-
18 288
-
health
1 484
-
1 280
-
pensions
3 481
-
3 005
-
unemployment
858
-
740
-
social contributions
64
-
54
-
other
731
-
630
-
total
6 618
-
5 709
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 972
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 869
11 904
9 198
9 517
After tax
13 131
12 096
14 802
14 483
Living cost
16 940
16 940
16 940
16 940
Free-cash
-3 809
-4 844
-2 138
-2 457

Estimated living cost  is ₴16940 per week

₴10681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
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.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3166
-₴460
-₴779
-₴822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
853
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
683
health
-
-
-
208
pensions
-
-
-
7 029
total
-
-
-
9 517
Employee
18 916
-
18 288
-
pensions
2 139
-
2 068
-
surtax
-
-
-
-
social contributions
539
-
521
-
income
975
-
900
-
total
3 653
-
3 489
-
Employer
18 916
-
18 288
-
health
1 324
-
1 280
-
pensions
3 108
-
3 005
-
unemployment
766
-
740
-
social contributions
56
-
54
-
other
653
-
630
-
total
5 907
-
5 709
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 972
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 560
11 904
9 198
9 517
After tax
14 440
12 096
14 802
14 483
Living cost
15 262
15 262
15 262
15 262
Free-cash
-822
-3 166
-460
-779

Estimated living cost  is ₴15262 per week

₴8851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
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.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4142
₴4055
₴4914
₴4400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 788
-
24 000
-
social contributions
2 317
-
3 312
-
income
2 800
-
4 459
-
health
1 172
-
1 675
-
total
6 289
-
9 446
-
Employer
16 788
-
24 000
-
total
-
-
-
-
Corporate
7 212
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%.

361
1 200
-
-
total
361
1 200
-
-
Dividends
6 851
22 800
-
-
social contributions
945
3 147
-
-
withholding
1 028
3 420
-
-
health
478
1 592
-
-
total
2 451
8 159
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 101
9 359
9 446
8 587
After tax
14 899
14 641
14 554
15 413
Living cost
10 499
10 499
10 499
10 499
Free-cash
4 400
4 142
4 055
4 914

Estimated living cost  is ₴10499 per week

₴7026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
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.
₴2583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4722
-₴7969
-₴4041
-₴8430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 088
surtax
-
-
-
98
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
96
health
-
-
-
1 836
pensions
-
-
-
4 440
total
-
-
-
10 595
Employee
24 744
19 732
19 732
-
other
247
197
185
-
unemployment
742
592
554
-
pensions
2 534
2 020
1 893
-
income
2 817
1 455
1 512
-
health
957
764
716
-
total
7 297
5 028
4 860
-
Employer
24 744
19 732
19 732
-
chamber of commerce
99
79
79
-
health
935
746
699
-
pensions
3 105
2 477
2 321
-
accident
321
257
241
-
unemployment
742
592
554
-
surtax
98
98
98
-
payroll
742
592
592
-
other
1 175
937
926
-
total
7 217
5 778
5 510
-
Corporate
1 879
1 879
16 611
-
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.

470
470
4 153
-
total
470
470
4 153
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 984
11 276
14 523
10 595
After tax
9 016
12 724
9 477
13 405
Living cost
17 446
17 446
17 446
17 446
Free-cash
-8 430
-4 722
-7 969
-4 041

Estimated living cost  is ₴17446 per week

₴11636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
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.
₴4036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4500
-₴7460
-₴4503
-₴21726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 298
social contributions
-
-
-
2 366
national
-
-
-
6 786
total
-
-
-
10 450
Employee

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

35 417
-
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.

308
-
162
-
communal

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

1 847
-
970
-
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.

2 656
-
1 394
-
national
10 889
-
4 596
-
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.

1 664
-
874
-
total
17 364
-
7 996
-
Employer

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

35 417
-
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.

2 178
-
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.

3 138
-
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.

460
-
241
-
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.

517
-
272
-
surtax
4 016
-
2 108
-
total
10 309
-
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.

-
5 551
-
-
total
-
5 551
-
-
Income
24 000
24 000
24 000
24 000
Total tax
27 673
10 447
13 407
10 450
After tax
-3 673
13 553
10 593
13 550
Living cost
18 053
18 053
18 053
18 053
Free-cash
-21 726
-4 500
-7 460
-4 503

Estimated living cost  is ₴18053 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1579
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.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1652
-₴4343
-₴4528
-₴8502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 447
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 647
Employee
24 646
-
18 198
-
other
24
-
18
-
unemployment
382
-
282
-
pensions
1 159
-
855
-
income
5 200
-
3 505
-
total
6 765
-
4 660
-
Employer
24 646
-
18 198
-
pensions
5 816
-
4 295
-
accident
488
-
360
-
unemployment
1 356
-
1 001
-
other
196
-
146
-
total
7 856
-
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
-
4 171
-
-
total
-
4 171
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 621
7 771
10 462
10 647
After tax
9 379
16 229
13 538
13 353
Living cost
17 881
17 881
17 881
17 881
Free-cash
-8 502
-1 652
-4 343
-4 528

Estimated living cost  is ₴17881 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11806
-₴10678
-₴10764
-₴17974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
731
surtax
-
-
-
1 270
health
-
-
-
1 800
pensions
-
-
-
3 840
total
-
-
-
7 857
Employee
37 496
-
21 184
-
pensions
2 999
-
1 885
-
surtax
2 298
-
1 278
-
income
3 622
-
743
-
health
1 669
-
1 049
-
total
10 588
-
4 955
-
Employer
37 496
-
21 184
-
health
1 143
-
719
-
pensions
2 999
-
1 885
-
accident
337
-
212
-
total
4 479
-
2 816
-
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
15 067
8 899
7 771
7 857
After tax
8 933
15 101
16 229
16 143
Living cost
26 907
26 907
26 907
26 907
Free-cash
-17 974
-11 806
-10 678
-10 764

Estimated living cost  is ₴26907 per week

₴20185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
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.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3975
₴2057
₴2651
₴2401
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
134
unemployment
-
-
-
113
health
-
-
-
1 704
pensions
-
-
-
4 800
total
-
-
-
10 228
Employee
16 674
-
19 826
-
other
-
-
-
-
unemployment
1 160
-
1 380
-
pensions
1 112
-
1 322
-
surtax
59
-
117
-
income
2 795
-
3 323
-
health
426
-
506
-
total
5 552
-
6 648
-
Employer
16 674
-
19 826
-
health
758
-
902
-
pensions
2 223
-
2 643
-
unemployment
529
-
629
-
other
-
-
-
-
total
3 510
-
4 174
-
Corporate
3 815
24 000
-
-
income
992
6 240
-
-
total
992
6 240
-
-
Dividends
2 823
17 760
-
-
withholding
424
2 664
-
-
total
424
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 478
8 904
10 822
10 228
After tax
13 522
15 096
13 178
13 772
Living cost
11 121
11 121
11 121
11 121
Free-cash
2 401
3 975
2 057
2 651

Estimated living cost  is ₴11121 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴3182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴722
-₴1612
-₴266
-₴3467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
143
national
-
-
-
4 250
total
-
-
-
10 928
Employee
27 466
-
24 000
-
municipal
146
-
127
-
national
4 351
-
3 731
-
regional
370
-
323
-
social contributions
9 262
-
8 093
-
total
14 129
-
12 274
-
Employer
27 466
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 192
-
-
nationa
-
5 760
-
-
total
-
6 952
-
-
Dividends
-
17 048
-
-
withholding
-
4 432
-
-
total
-
4 432
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 129
11 384
12 274
10 928
After tax
9 871
12 616
11 726
13 072
Living cost
13 338
13 338
13 338
13 338
Free-cash
-3 467
-722
-1 612
-266

Estimated living cost  is ₴13338 per week

₴8295
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.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1364
-₴2981
-₴3471
-₴5873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
22 294
-
17 910
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
1 164
-
income
2 675
-
2 149
-
health
3 010
-
2 418
-
total
7 134
-
5 731
-
Employer
22 294
-
17 910
-
health
2 006
-
1 612
-
social contributions
5 573
-
4 478
-
total
7 579
-
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
14 713
7 476
11 821
12 311
After tax
9 287
16 524
12 179
11 689
Living cost
15 160
15 160
15 160
15 160
Free-cash
-5 873
1 364
-2 981
-3 471

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2974
-₴6269
-₴2293
-₴4340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 088
surtax
-
-
-
-
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
96
health
-
-
-
1 836
pensions
-
-
-
4 440
total
-
-
-
10 497
Employee
21 644
19 732
19 732
-
other
216
197
186
-
unemployment
649
592
557
-
pensions
2 217
2 020
1 902
-
income
1 928
1 455
1 508
-
health
837
764
719
-
total
5 847
5 028
4 872
-
Employer
21 644
19 732
19 732
-
chamber of commerce
86
79
79
-
health
818
746
702
-
pensions
2 716
2 477
2 330
-
accident
281
257
241
-
unemployment
649
592
557
-
surtax
-
-
-
-
payroll
649
592
592
-
other
1 028
937
927
-
total
6 227
5 680
5 428
-
Corporate
1 879
1 879
16 692
-
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.

470
470
4 173
-
total
470
470
4 173
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 544
11 178
14 473
10 497
After tax
11 456
12 822
9 527
13 503
Living cost
15 796
15 796
15 796
15 796
Free-cash
-4 340
-2 974
-6 269
-2 293

Estimated living cost  is ₴15796 per week

₴9476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
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.
₴4426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴16581
₴12981
₴17541
₴15415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 774
-
24 000
-
income
1 555
-
4 800
-
total
1 555
-
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%.

16 226
24 000
-
-
total
-
-
-
-
Dividends
16 226
24 000
-
-
withholding
811
1 200
-
-
total
811
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 366
1 200
4 800
240
After tax
21 634
22 800
19 200
23 760
Living cost
6 219
6 219
6 219
6 219
Free-cash
15 415
16 581
12 981
17 541

Estimated living cost  is ₴6219 per week

₴4209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1541
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3244
-₴642
₴120
-₴1303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 820
unemployment
-
-
-
36
health
-
-
-
2 361
pensions
-
-
-
4 383
total
-
-
-
10 600
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.

21 895
-
20 767
-
unemployment
31
-
29
-
pensions
3 394
-
3 219
-
income
3 776
-
3 539
-
health
1 414
-
1 342
-
total
8 615
-
8 129
-
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.

21 895
-
20 767
-
health
1 458
-
1 383
-
pensions
1 937
-
1 838
-
unemployment
13
-
12
-
total
3 408
-
3 233
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 023
7 476
11 362
10 600
After tax
11 977
16 524
12 638
13 400
Living cost
13 280
13 280
13 280
13 280
Free-cash
-1 303
3 244
-642
120

Estimated living cost  is ₴13280 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7078
-₴4290
-₴5094
-₴50918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
31 086
-
-
-
social contributions
2 549
-
363
-
income
6 857
-
-
-
total
9 406
-
363
-
Employer
31 086
-
-
-
social contributions
43 832
-
6 247
-
total
43 832
-
6 247
-
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
53 238
9 398
6 610
7 414
After tax
-29 238
14 602
17 390
16 586
Living cost
21 680
21 680
21 680
21 680
Free-cash
-50 918
-7 078
-4 290
-5 094

Estimated living cost  is ₴21680 per week

₴14067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2039
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.
₴5298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1880
-₴2070
-₴1527
-₴4181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 656
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 996
Employee
22 772
-
19 394
-
surtax
-
-
-
-
social contributions
2 505
-
2 133
-
income
4 737
-
3 800
-
total
7 242
-
5 933
-
Employer
22 772
-
19 394
-
social contributions
5 408
-
4 606
-
total
5 408
-
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
12 650
10 349
10 539
9 996
After tax
11 350
13 651
13 461
14 004
Living cost
15 531
15 531
15 531
15 531
Free-cash
-4 181
-1 880
-2 070
-1 527

Estimated living cost  is ₴15531 per week

₴11620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11818
-₴9112
-₴9431
-₴16695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
853
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
683
health
-
-
-
208
pensions
-
-
-
7 029
total
-
-
-
9 517
Employee
31 011
-
18 288
-
pensions
3 508
-
2 068
-
surtax
-
-
-
-
social contributions
883
-
521
-
income
2 706
-
900
-
total
7 097
-
3 489
-
Employer
31 011
-
18 288
-
health
2 170
-
1 280
-
pensions
5 095
-
3 005
-
unemployment
1 256
-
740
-
social contributions
93
-
54
-
other
1 070
-
630
-
total
9 684
-
5 709
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 972
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
16 781
11 904
9 198
9 517
After tax
7 219
12 096
14 802
14 483
Living cost
23 914
23 914
23 914
23 914
Free-cash
-16 695
-11 818
-9 112
-9 431

Estimated living cost  is ₴23914 per week

₴16185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1956
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.
₴5445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6717
₴4546
₴3837
₴5053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 280
total
-
-
-
5 280
Employee
15 918
-
20 779
-
income
-
-
-
-
social contributions
1 035
-
1 350
-
total
1 035
-
1 350
-
Employer
15 918
-
20 779
-
social contributions
2 467
-
3 221
-
total
2 467
-
3 221
-
Corporate
5 615
24 000
-
-
income
562
2 400
-
-
total
562
2 400
-
-
Dividends
5 053
21 600
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
4 064
2 400
4 571
5 280
After tax
19 936
21 600
19 429
18 720
Living cost
14 883
14 883
14 883
14 883
Free-cash
5 053
6 717
4 546
3 837

Estimated living cost  is ₴14883 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴83822
-₴83822
-₴7970
-₴83822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 665
national
-
-
-
2 157
pensions
-
-
-
429
total
-
-
-
8 137
Employee
100 594
100 594
100 594
-
municipal
21 421
21 421
21 421
-
labour market
8 036
8 036
8 036
-
pensions
143
143
143
-
national
12 289
12 289
12 289
-
total
41 889
41 889
41 889
-
Employer
100 594
100 594
100 594
-
national
12 311
12 311
12 311
-
labour market
8 048
8 048
8 048
-
pensions
286
286
286
-
municipal
21 455
21 455
21 455
-
total
42 100
42 100
42 100
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
83 989
83 989
83 989
8 137
After tax
-59 989
-59 989
-59 989
15 863
Living cost
23 833
23 833
23 833
23 833
Free-cash
-83 822
-83 822
-83 822
-7 970

Estimated living cost  is ₴23833 per week

₴16312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8930
₴1799
₴5764
₴275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 868
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
7 362
Employee
17 105
-
19 937
-
pensions
1 926
-
2 245
-
income
2 347
-
2 735
-
health
1 959
-
2 283
-
total
6 232
-
7 263
-
Employer
17 105
-
19 937
-
pensions
2 781
-
3 242
-
accident
286
-
333
-
unemployment
419
-
489
-
total
3 486
-
4 064
-
Corporate
3 409
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.

3 068
21 600
-
-
total
3 068
21 600
-
-
Dividends
341
2 400
-
-
withholding
65
456
-
-
total
65
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 851
22 056
11 327
7 362
After tax
11 149
1 944
12 673
16 638
Living cost
10 874
10 874
10 874
10 874
Free-cash
275
-8 930
1 799
5 764

Estimated living cost  is ₴10874 per week

₴7915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
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.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2401
-₴4017
₴99
-₴6963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
163
municipal
-
-
-
4 291
national
-
-
-
438
total
-
-
-
4 892
Employee
26 050
-
20 191
-
municipal
4 267
-
3 316
-
unemployment
391
-
303
-
pensions
1 758
-
1 362
-
national
430
-
113
-
health
194
-
104
-
total
7 040
-
5 198
-
Employer
26 050
-
20 191
-
health
200
-
155
-
pensions
4 519
-
3 503
-
accident
26
-
20
-
unemployment
169
-
132
-
total
4 914
-
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
11 954
7 392
9 008
4 892
After tax
12 046
16 608
14 992
19 108
Living cost
19 009
19 009
19 009
19 009
Free-cash
-6 963
-2 401
-4 017
99

Estimated living cost  is ₴19009 per week

₴12417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1340
₴4133
₴7916
₴3557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
264
social contributions
-
-
-
3 744
health
-
-
-
612
total
-
-
-
4 620
Employee
38 073
38 073
38 073
-
social contributions
1 439
3 160
1 809
-
income
4 146
3 524
4 012
-
health
295
647
370
-
total
5 880
7 331
6 191
-
Employer
38 073
38 073
38 073
-
health
320
705
403
-
social contributions
1 439
3 160
1 809
-
total
1 759
3 865
2 212
-
Corporate
4 896
-
-
-
income
612
-
-
-
total
612
-
-
-
Dividends
4 285
-
-
-
withholding
728
-
-
-
total
728
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 979
11 196
8 403
4 620
After tax
15 021
12 804
15 597
19 380
Living cost
11 464
11 464
11 464
11 464
Free-cash
3 557
1 340
4 133
7 916

Estimated living cost  is ₴11464 per week

₴6870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12013
₴7031
₴9263
₴9495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 920
unemployment
-
-
-
14
health
-
-
-
1 792
pensions
-
-
-
3 150
total
-
-
-
6 876
Employee

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

11 365
-
21 758
-
unemployment
56
-
109
-
pensions
1 704
-
3 264
-
income
777
-
1 644
-
health
966
-
1 849
-
total
3 503
-
6 866
-
Employer

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

11 365
-
21 758
-
health
489
-
936
-
pensions
625
-
1 197
-
unemployment
56
-
109
-
total
1 170
-
2 242
-
Corporate
11 465
24 000
-
-
income
1 032
2 160
-
-
total
1 032
2 160
-
-
Dividends
10 434
21 840
-
-
withholding
939
1 966
-
-
total
939
1 966
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 644
4 126
9 108
6 876
After tax
17 356
19 874
14 892
17 124
Living cost
7 861
7 861
7 861
7 861
Free-cash
9 495
12 013
7 031
9 263

Estimated living cost  is ₴7861 per week

₴5016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
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.
₴2045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2613
-₴78
-₴263
-₴146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 447
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 647
Employee
18 308
-
18 198
-
other
18
-
18
-
unemployment
284
-
282
-
pensions
861
-
855
-
income
3 530
-
3 505
-
total
4 693
-
4 660
-
Employer
18 308
-
18 198
-
pensions
4 320
-
4 295
-
accident
363
-
360
-
unemployment
1 007
-
1 001
-
other
147
-
146
-
total
5 837
-
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
-
4 171
-
-
total
-
4 171
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 530
7 771
10 462
10 647
After tax
13 470
16 229
13 538
13 353
Living cost
13 616
13 616
13 616
13 616
Free-cash
-146
2 613
-78
-263

Estimated living cost  is ₴13616 per week

₴9190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
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.
₴2878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14016
₴14008
₴14076
₴13857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
508
pensions
-
-
-
700
total
-
-
-
8 964
Employee
1 462
-
23 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
7 719
-
health
73
-
175
-
total
503
-
8 244
-
Employer
1 462
-
23 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
22 209
24 000
-
-
income
4 886
5 280
-
-
total
4 886
5 280
-
-
Dividends
17 323
18 720
-
-
withholding
3 465
3 744
-
-
total
3 465
3 744
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 183
9 024
9 032
8 964
After tax
14 817
14 976
14 968
15 036
Living cost
960
960
960
960
Free-cash
13 857
14 016
14 008
14 076

Estimated living cost  is ₴960 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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8778
₴4472
₴3440
₴6341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 926
unemployment
-
-
-
360
health
-
-
-
2 472
pensions
-
-
-
6 240
total
-
-
-
11 998
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.

12 911
-
20 356
-
unemployment
97
-
153
-
pensions
1 808
-
2 850
-
income
1 780
-
3 271
-
health
665
-
1 048
-
total
4 350
-
7 322
-
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.

12 911
-
20 356
-
health
665
-
1 048
-
pensions
1 549
-
2 443
-
unemployment
97
-
153
-
total
2 311
-
3 644
-
Corporate
8 778
24 000
-
-
income
1 317
3 600
-
-
total
1 317
3 600
-
-
Dividends
7 461
20 400
-
-
withholding
1 119
3 060
-
-
total
1 119
3 060
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 097
6 660
10 966
11 998
After tax
14 903
17 340
13 034
12 002
Living cost
8 562
8 562
8 562
8 562
Free-cash
6 341
8 778
4 472
3 440

Estimated living cost  is ₴8562 per week

₴5765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴303
₴113
₴656
₴124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 656
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 996
Employee
19 217
-
19 394
-
surtax
-
-
-
-
social contributions
2 114
-
2 133
-
income
3 755
-
3 800
-
total
5 869
-
5 933
-
Employer
19 217
-
19 394
-
social contributions
4 564
-
4 606
-
total
4 564
-
4 606
-
Corporate
219
24 000
-
-
income
46
5 040
-
-
surtax
-
-
-
-
total
46
5 040
-
-
Dividends
173
18 960
-
-
withholding
49
5 309
-
-
total
49
5 309
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 528
10 349
10 539
9 996
After tax
13 472
13 651
13 461
14 004
Living cost
13 348
13 348
13 348
13 348
Free-cash
124
303
113
656

Estimated living cost  is ₴13348 per week

₴9454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1172
-₴3863
-₴4048
-₴7536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 447
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 647
Employee
23 912
-
18 198
-
other
23
-
18
-
unemployment
370
-
282
-
pensions
1 124
-
855
-
income
4 994
-
3 505
-
total
6 511
-
4 660
-
Employer
23 912
-
18 198
-
pensions
5 643
-
4 295
-
accident
474
-
360
-
unemployment
1 315
-
1 001
-
other
192
-
146
-
total
7 624
-
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
-
4 171
-
-
total
-
4 171
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 135
7 771
10 462
10 647
After tax
9 865
16 229
13 538
13 353
Living cost
17 401
17 401
17 401
17 401
Free-cash
-7 536
-1 172
-3 863
-4 048

Estimated living cost  is ₴17401 per week

₴12497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12006
₴7530
₴7270
₴8989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
8 216
Employee
11 274
-
20 608
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
2 061
-
health
519
-
795
-
total
2 761
-
4 564
-
Employer
11 274
-
20 608
-
health
778
-
1 193
-
pensions

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

1 242
-
1 905
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 212
-
3 392
-
Corporate
10 514
24 000
-
-
income
1 051
2 400
-
-
total
1 051
2 400
-
-
Dividends
9 463
21 600
-
-
withholding
473
1 080
-
-
total
473
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 497
3 480
7 956
8 216
After tax
17 503
20 520
16 044
15 784
Living cost
8 514
8 514
8 514
8 514
Free-cash
8 989
12 006
7 530
7 270

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6661
-₴452
-₴593
-₴637
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 852
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.

-
-
-
101
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.

-
-
-
3 383
trade
-
-
-
141
total
-
-
-
5 477
Employee

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

24 636
-
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.

112
-
101
-
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.

2 026
-
1 852
-
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.

3 383
-
3 383
-
total
5 521
-
5 336
-
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
-
16 649
-
-
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
-
3 974
-
-
total
-
4 193
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 521
11 545
5 336
5 477
After tax
18 479
12 455
18 664
18 523
Living cost
19 116
19 116
19 116
19 116
Free-cash
-637
-6 661
-452
-593

Estimated living cost  is ₴19116 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11405
-₴9052
-₴9052
-₴14731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 250
social contributions
-
-
-
1 597
total
-
-
-
4 847
Employee
38 730
-
24 000
-
income
7 308
-
3 250
-
social contributions
3 218
-
1 597
-
total
10 526
-
4 847
-
Employer
38 730
-
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
10 526
7 200
4 847
4 847
After tax
13 474
16 800
19 153
19 153
Living cost
28 205
28 205
28 205
28 205
Free-cash
-14 731
-11 405
-9 052
-9 052

Estimated living cost  is ₴28205 per week

₴21458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4713
-₴607
-₴11046
-₴2468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 094
health

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

-
-
-
2 979
total
-
-
-
17 073
Employee
22 714
-
21 814
-
income
2 465
-
2 262
-
social contributions
2 276
-
2 186
-
total
4 741
-
4 448
-
Employer
22 714
-
21 814
-
social contributions
2 276
-
2 186
-
total
2 276
-
2 186
-
Corporate
-
24 000
-
-
income
-
8 400
-
-
total
-
8 400
-
-
Dividends
-
15 600
-
-
social contributions
1 478
2 340
-
-
total
1 478
2 340
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 495
10 740
6 634
17 073
After tax
15 505
13 260
17 366
6 927
Living cost
17 973
17 973
17 973
17 973
Free-cash
-2 468
-4 713
-607
-11 046

Estimated living cost  is ₴17973 per week

₴11839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4441
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴248
-₴2394
-₴102
-₴4027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 340
total
-
-
-
5 872
Employee
25 023
-
21 543
-
pensions
1 910
-
1 493
-
income
4 557
-
3 959
-
health
326
-
255
-
total
6 793
-
5 707
-
Employer
25 023
-
21 543
-
health
476
-
410
-
pensions
2 528
-
2 047
-
total
3 004
-
2 457
-
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
9 797
6 018
8 164
5 872
After tax
14 203
17 982
15 836
18 128
Living cost
18 230
18 230
18 230
18 230
Free-cash
-4 027
-248
-2 394
-102

Estimated living cost  is ₴18230 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10006
₴723
₴4688
₴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
-
-
-
3 868
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
7 362
Employee
18 798
-
19 937
-
pensions
2 117
-
2 245
-
income
2 579
-
2 735
-
health
2 152
-
2 283
-
total
6 848
-
7 263
-
Employer
18 798
-
19 937
-
pensions
3 056
-
3 242
-
accident
314
-
333
-
unemployment
460
-
489
-
total
3 830
-
4 064
-
Corporate
1 371
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.

1 234
21 600
-
-
total
1 234
21 600
-
-
Dividends
137
2 400
-
-
withholding
26
456
-
-
total
26
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 938
22 056
11 327
7 362
After tax
12 062
1 944
12 673
16 638
Living cost
11 950
11 950
11 950
11 950
Free-cash
112
-10 006
723
4 688

Estimated living cost  is ₴11950 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴696
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.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13712
₴7711
₴7711
₴11305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 001
unemployment
-
-
-
288
work injury
-
-
-
120
health insurance
-
-
-
1 776
pensions
-
-
-
4 416
total
-
-
-
9 601
Employee

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

10 700
-
24 000
-
health insurance
792
-
1 776
-
unemployment
128
-
288
-
work injury
53
-
120
-
pensions
1 969
-
4 416
-
income
1 070
-
3 001
-
total
4 012
-
9 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 300
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
13 300
24 000
-
-
withholding
1 995
3 600
-
-
total
1 995
3 600
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 007
3 600
9 601
9 601
After tax
17 993
20 400
14 399
14 399
Living cost
6 688
6 688
6 688
6 688
Free-cash
11 305
13 712
7 711
7 711

Estimated living cost  is ₴6688 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7083
-₴7986
-₴6654
-₴17724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
345
municipal
-
-
-
161
national
-
-
-
4 250
total
-
-
-
10 929
Employee
41 723
-
24 000
-
municipal
249
-
143
-
national
7 051
-
3 731
-
regional
630
-
294
-
social contributions
14 069
-
8 093
-
total
21 999
-
12 261
-
Employer
41 723
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 157
-
-
nationa
-
5 760
-
-
total
-
6 917
-
-
Dividends
-
17 084
-
-
withholding
-
4 441
-
-
total
-
4 441
-
-
Income
24 000
24 000
24 000
24 000
Total tax
21 999
11 358
12 261
10 929
After tax
2 001
12 642
11 739
13 071
Living cost
19 725
19 725
19 725
19 725
Free-cash
-17 724
-7 083
-7 986
-6 654

Estimated living cost  is ₴19725 per week

₴13855
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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