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
₴2559
-₴2990
₴3483
₴3378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
trade
-
-
-
105
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.

-
-
-
1 788
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.

-
-
-
3 429
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.

-
-
-
98
total
-
-
-
5 420
Employee

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

19 196
-
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.

30
-
98
-
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.

3 429
-
3 429
-
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.

536
-
1 788
-
total
3 995
-
5 315
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 804
24 000
-
-
trade
756
3 780
-
-
income
721
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.

40
198
-
-
chamber of commerce
83
110
-
-
total
1 600
7 688
-
-
Dividends
3 204
16 311
-
-
withholding
611
3 887
-
-
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.

33
213
-
-
total
644
4 100
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 239
11 788
5 315
5 420
After tax
17 761
12 212
18 685
18 580
Living cost
15 202
15 202
15 202
15 202
Free-cash
2 559
-2 990
3 483
3 378

Estimated living cost  is ₴15202 per week

₴9562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19739
-₴10892
-₴10331
-₴10520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 880
municipal
-
-
-
2 163
national
-
-
-
3 351
total
-
-
-
8 652
Employee
40 101
-
20 748
-
national
7 675
-
3 495
-
municipal
4 953
-
2 255
-
pensions
1 604
-
830
-
total
14 232
-
6 580
-
Employer
40 101
-
20 748
-
pensions
3 208
-
1 660
-
social contributions
431
-
223
-
total
3 639
-
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
17 871
9 024
8 463
8 652
After tax
6 129
14 976
15 537
15 348
Living cost
25 868
25 868
25 868
25 868
Free-cash
-19 739
-10 892
-10 331
-10 520

Estimated living cost  is ₴25868 per week

₴17582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5494
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4642
₴8759
₴3329
₴8379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 580
income
-
-
-
-
microenterprise
-
-
-
3 600
surtax
-
-
-
-
total
-
-
-
5 180
Employee
14 665
-
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.

1 613
-
2 128
-
income
2 611
-
3 443
-
total
4 224
-
5 571
-
Employer
14 665
-
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.

3 533
-
4 659
-
surtax
-
-
-
-
total
3 533
-
4 659
-
Corporate
5 802
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%.

1 160
4 800
-
-
total
1 160
4 800
-
-
Dividends

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

4 642
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 917
4 800
10 230
5 180
After tax
15 083
19 200
13 770
18 820
Living cost
10 441
10 441
10 441
10 441
Free-cash
4 642
8 759
3 329
8 379

Estimated living cost  is ₴10441 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴994
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.
₴2549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25838
-₴23020
-₴25838
-₴7255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 226
pensions
-
-
-
4 320
health
-
-
-
3 684
total
-
-
-
10 230
Employee
42 859
42 859
42 859
-
health
6 578
5 595
6 578
-
pensions
7 715
5 880
7 715
-
income

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

7 015
7 015
7 015
-
total
21 308
18 490
21 308
-
Employer
42 859
42 859
42 859
-
pensions
2 983
2 983
2 983
-
unemployment
1 543
1 543
1 543
-
health
2 979
2 979
2 979
-
total
7 505
7 505
7 505
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
28 813
25 995
28 813
10 230
After tax
-4 813
-1 995
-4 813
13 770
Living cost
21 025
21 025
21 025
21 025
Free-cash
-25 838
-23 020
-25 838
-7 255

Estimated living cost  is ₴21025 per week

₴14900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14960
-₴7701
-₴7988
-₴8841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 789
unemployment
-
-
-
24
pensions
-
-
-
2 594
municipal
-
-
-
5 083
accident
-
-
-
48
national
-
-
-
-
health
-
-
-
1 498
total
-
-
-
12 036
Employee
29 646
-
18 262
-
national
-
-
-
-
municipal
8 840
-
5 446
-
total
8 840
-
5 446
-
Employer
29 646
-
18 262
-
other
3 445
-
2 122
-
accident
59
-
36
-
pensions
3 205
-
1 974
-
unemployment
783
-
482
-
health
1 823
-
1 123
-
total
9 315
-
5 737
-
Corporate
-
24 000
-
-
income
-
5 280
-
-
total
-
5 280
-
-
Dividends
-
18 720
-
-
withholding
-
5 616
-
-
total
-
5 616
-
-
Income
24 000
24 000
24 000
24 000
Total tax
18 155
10 896
11 183
12 036
After tax
5 845
13 104
12 817
11 964
Living cost
20 805
20 805
20 805
20 805
Free-cash
-14 960
-7 701
-7 988
-8 841

Estimated living cost  is ₴20805 per week

₴13789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1452
-₴7628
-₴1031
-₴1141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
trade
-
-
-
110
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.

-
-
-
1 788
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.

-
-
-
3 429
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.

-
-
-
98
total
-
-
-
5 425
Employee

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

25 452
-
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.

120
-
98
-
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.

3 429
-
3 429
-
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.

2 187
-
1 788
-
total
5 736
-
5 315
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
trade
-
3 948
-
-
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
-
-
total
-
7 856
-
-
Dividends
-
16 143
-
-
withholding
-
3 845
-
-
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
-
-
total
-
4 056
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 736
11 912
5 315
5 425
After tax
18 264
12 088
18 685
18 575
Living cost
19 716
19 716
19 716
19 716
Free-cash
-1 452
-7 628
-1 031
-1 141

Estimated living cost  is ₴19716 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴884
-₴3628
-₴746
₴3151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 744
income
-
-
-
214
health
-
-
-
612
total
-
-
-
4 570
Employee
38 593
38 593
38 593
-
health
384
656
370
-
social contributions
1 875
3 203
1 809
-
income
4 053
3 573
4 076
-
total
6 312
7 432
6 255
-
Employer
38 593
38 593
38 593
-
social contributions
1 875
3 203
1 809
-
health
418
714
403
-
total
2 293
3 917
2 212
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 605
11 349
8 467
4 570
After tax
15 395
12 651
15 533
19 430
Living cost
16 279
16 279
16 279
16 279
Free-cash
-884
-3 628
-746
3 151

Estimated living cost  is ₴16279 per week

₴11128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4529
₴4337
₴4629
₴7341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
360
income
-
-
-
2 934
pensions
-
-
-
2 400
health
-
-
-
1 680
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.

13 403
5 334
20 084
-
unemployment
201
80
301
-
health
938
373
1 406
-
pensions
1 340
533
2 008
-
income
1 639
652
2 455
-
total
4 118
1 638
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.

13 403
5 334
20 084
-
pensions
2 614
1 040
3 916
-
total
2 614
1 040
3 916
-
Corporate
7 983
17 625
-
-
income
718
1 586
-
-
total
718
1 586
-
-
Dividends
7 264
16 039
-
-
withholding
1 380
3 047
-
-
social contributions
1 356
3 067
-
-
total
2 736
6 114
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 186
10 378
10 086
7 374
After tax
13 814
13 622
13 914
16 626
Living cost
9 285
9 285
9 285
9 285
Free-cash
4 529
4 337
4 629
7 341

Estimated living cost  is ₴9285 per week

₴6336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3959
₴7078
₴2456
₴1623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 335
pensions
-
-
-
4 800
health
-
-
-
3 120
total
-
-
-
10 255
Employee
14 238
-
17 938
-
unemployment
228
-
287
-
pensions
285
-
359
-
income
1 603
-
2 713
-
total
2 116
-
3 359
-
Employer
14 238
-
17 938
-
pensions
2 848
-
3 587
-
unemployment
114
-
144
-
health
1 851
-
2 332
-
total
4 813
-
6 063
-
Corporate
4 950
24 000
-
-
income
990
4 800
-
-
total
990
4 800
-
-
Dividends
3 960
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 919
4 800
9 422
10 255
After tax
16 081
19 200
14 578
13 745
Living cost
12 122
12 122
12 122
12 122
Free-cash
3 959
7 078
2 456
1 623

Estimated living cost  is ₴12122 per week

₴8315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴209
-₴9357
₴1372
₴5346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
3 776
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
7 353
Employee
17 778
-
19 937
-
health
2 036
-
2 283
-
pensions
2 002
-
2 245
-
income
2 439
-
2 735
-
total
6 477
-
7 263
-
Employer
17 778
-
19 937
-
accident
297
-
333
-
pensions
2 891
-
3 242
-
unemployment
436
-
489
-
total
3 624
-
4 064
-
Corporate
2 599
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.

2 340
21 600
-
-
total
2 340
21 600
-
-
Dividends
260
2 400
-
-
withholding
49
456
-
-
total
49
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 490
22 056
11 327
7 353
After tax
11 510
1 944
12 673
16 647
Living cost
11 301
11 301
11 301
11 301
Free-cash
209
-9 357
1 372
5 346

Estimated living cost  is ₴11301 per week

₴8283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17907
₴18679
₴15079
₴19639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
microenterprise

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

-
-
-
240
total
-
-
-
240
Employee
5 151
-
24 000
-
income
1 030
-
4 800
-
total
1 030
-
4 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

18 849
24 000
-
-
total
-
-
-
-
Dividends
18 849
24 000
-
-
withholding
942
1 200
-
-
total
942
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
1 972
1 200
4 800
240
After tax
22 028
22 800
19 200
23 760
Living cost
4 121
4 121
4 121
4 121
Free-cash
17 907
18 679
15 079
19 639

Estimated living cost  is ₴4121 per week

₴2554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴871
₴4260
₴695
-₴378
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
5 760
health
-
-
-
1 056
total
-
-
-
11 005
Employee
18 223
-
19 169
-
unemployment
182
-
191
-
health
255
-
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.

1 275
-
1 342
-
income
3 137
-
3 300
-
total
4 849
-
5 102
-
Employer
18 223
-
19 169
-
other
911
-
958
-
accident
146
-
153
-
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.

3 098
-
3 259
-
unemployment
182
-
191
-
health
255
-
269
-
total
4 592
-
4 830
-
Corporate
1 185
24 000
-
-
income
249
5 040
-
-
total
249
5 040
-
-
Dividends
936
18 960
-
-
withholding
66
1 327
-
-
total
66
1 327
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 756
6 367
9 932
11 005
After tax
14 244
17 633
14 068
12 995
Living cost
13 373
13 373
13 373
13 373
Free-cash
871
4 260
695
-378

Estimated living cost  is ₴13373 per week

₴9449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29148
-₴15054
-₴17188
-₴14904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 533
pensions
-
-
-
1 335
total
-
-
-
5 868
Employee
46 741
-
21 549
-
health
770
-
253
-
pensions
4 509
-
1 486
-
income
8 426
-
3 962
-
total
13 705
-
5 701
-
Employer
46 741
-
21 549
-
pensions
5 519
-
2 042
-
health
888
-
409
-
total
6 407
-
2 451
-
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
20 112
6 018
8 152
5 868
After tax
3 888
17 982
15 848
18 132
Living cost
33 036
33 036
33 036
33 036
Free-cash
-29 148
-15 054
-17 188
-14 904

Estimated living cost  is ₴33036 per week

₴24755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11612
₴13943
₴9391
₴9145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
70
income
-
-
-
3 600
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
8 278
Employee
8 709
-
20 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
806
-
pensions

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

765
-
1 539
-
income
871
-
2 056
-
total
2 133
-
4 594
-
Employer
8 709
-
20 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

960
-
1 931
-
unemployment
52
-
105
-
health
601
-
1 209
-
total
1 709
-
3 438
-
Corporate
13 582
24 000
-
-
income
1 358
2 400
-
-
total
1 358
2 400
-
-
Dividends
12 224
21 600
-
-
withholding
611
1 080
-
-
total
611
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 811
3 480
8 032
8 278
After tax
18 189
20 520
15 968
15 722
Living cost
6 577
6 577
6 577
6 577
Free-cash
11 612
13 943
9 391
9 145

Estimated living cost  is ₴6577 per week

₴3840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30676
-₴29825
-₴32643
-₴14060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 226
pensions
-
-
-
4 320
health
-
-
-
3 684
total
-
-
-
10 230
Employee
46 531
42 859
42 859
-
health
5 805
5 595
6 578
-
pensions
5 880
5 880
7 715
-
income

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

7 015
7 015
7 015
-
total
18 700
18 490
21 308
-
Employer
46 531
42 859
42 859
-
pensions
3 238
2 983
2 983
-
unemployment
1 675
1 543
1 543
-
health
3 233
2 979
2 979
-
total
8 146
7 505
7 505
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
26 846
25 995
28 813
10 230
After tax
-2 846
-1 995
-4 813
13 770
Living cost
27 830
27 830
27 830
27 830
Free-cash
-30 676
-29 825
-32 643
-14 060

Estimated living cost  is ₴27830 per week

₴20529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-₴561
₴4060
-₴285
-₴775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
7 008
income
-
-
-
2 063
health
-
-
-
3 240
solidarity contribution
-
-
-
-
total
-
-
-
12 311
Employee
18 329
-
17 910
-
solidarity contribution
-
-
-
-
health
2 474
-
2 418
-
social contributions
1 191
-
1 164
-
income
2 200
-
2 149
-
total
5 865
-
5 731
-
Employer
18 329
-
17 910
-
social contributions
4 582
-
4 478
-
health
1 650
-
1 612
-
total
6 232
-
6 090
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 097
7 476
11 821
12 311
After tax
11 903
16 524
12 179
11 689
Living cost
12 464
12 464
12 464
12 464
Free-cash
-561
4 060
-285
-775

Estimated living cost  is ₴12464 per week

₴8658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20605
-₴8373
-₴9324
-₴7968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
232
social contributions
-
-
-
6 173
municipal
-
-
-
143
national
-
-
-
4 242
total
-
-
-
10 790
Employee
44 604
-
24 000
-
national
7 729
-
3 724
-
regional
421
-
201
-
municipal
236
-
128
-
social contributions
15 041
-
8 093
-
total
23 427
-
12 146
-
Employer
44 604
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
nationa
-
5 760
-
-
municipal
-
936
-
-
total
-
6 696
-
-
Dividends
-
17 304
-
-
withholding
-
4 499
-
-
total
-
4 499
-
-
Income
24 000
24 000
24 000
24 000
Total tax
23 427
11 195
12 146
10 790
After tax
573
12 805
11 854
13 210
Living cost
21 178
21 178
21 178
21 178
Free-cash
-20 605
-8 373
-9 324
-7 968

Estimated living cost  is ₴21178 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴2460
₴4021
₴2105
₴2701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
3 476
pensions
-
-
-
4 800
health
-
-
-
1 704
surtax
-
-
-
130
total
-
-
-
10 224
Employee
16 597
-
19 826
-
surtax
54
-
114
-
unemployment
1 155
-
1 380
-
other
-
-
-
-
health
424
-
506
-
pensions
1 107
-
1 322
-
income
2 782
-
3 324
-
total
5 522
-
6 646
-
Employer
16 597
-
19 826
-
other
-
-
-
-
pensions
2 212
-
2 643
-
unemployment
526
-
629
-
health
755
-
902
-
total
3 493
-
4 174
-
Corporate
3 909
24 000
-
-
income
1 016
6 240
-
-
total
1 016
6 240
-
-
Dividends
2 893
17 760
-
-
withholding
434
2 664
-
-
total
434
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 465
8 904
10 820
10 224
After tax
13 535
15 096
13 180
13 776
Living cost
11 075
11 075
11 075
11 075
Free-cash
2 460
4 021
2 105
2 701

Estimated living cost  is ₴11075 per week

₴6772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11311
-₴4587
-₴6721
-₴4437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 533
pensions
-
-
-
1 335
total
-
-
-
5 868
Employee
31 325
-
21 549
-
health
455
-
253
-
pensions
2 659
-
1 486
-
income
5 642
-
3 962
-
total
8 756
-
5 701
-
Employer
31 325
-
21 549
-
pensions
3 391
-
2 042
-
health
595
-
409
-
total
3 986
-
2 451
-
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
12 742
6 018
8 152
5 868
After tax
11 258
17 982
15 848
18 132
Living cost
22 569
22 569
22 569
22 569
Free-cash
-11 311
-4 587
-6 721
-4 437

Estimated living cost  is ₴22569 per week

₴16909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴27009
-₴28822
-₴20790
-₴19345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
252
regional
-
-
-
429
pensions
-
-
-
2 208
national
-
-
-
49
health
-
-
-
130
total
-
-
-
3 548
Employee
46 573
-
21 360
-
national
220
-
34
-
unemployment
-
-
-
-
city
500
-
228
-
regional
1 525
-
348
-
health
105
-
48
-
pensions
3 913
-
1 930
-
total
6 263
-
2 588
-
Employer
46 573
-
21 360
-
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.

931
-
427
-
pensions
3 913
-
1 930
-
unemployment
-
-
-
-
health
105
-
48
-
total
4 949
-
2 405
-
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
11 212
13 025
4 993
3 548
After tax
12 788
10 975
19 007
20 452
Living cost
39 797
39 797
39 797
39 797
Free-cash
-27 009
-28 822
-20 790
-19 345

Estimated living cost  is ₴39797 per week

₴25880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6163
-₴11029
-₴4307
-₴4421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
trade
-
-
-
114
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.

-
-
-
1 788
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.

-
-
-
3 429
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.

-
-
-
98
total
-
-
-
5 429
Employee

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

30 162
-
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.

195
-
98
-
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.

3 429
-
3 429
-
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.

3 547
-
1 788
-
total
7 171
-
5 315
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
trade
-
4 116
-
-
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
-
-
total
-
8 024
-
-
Dividends
-
15 976
-
-
withholding
-
3 803
-
-
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
-
-
total
-
4 013
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 171
12 037
5 315
5 429
After tax
16 829
11 963
18 685
18 571
Living cost
22 992
22 992
22 992
22 992
Free-cash
-6 163
-11 029
-4 307
-4 421

Estimated living cost  is ₴22992 per week

₴16792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4062
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4189
-₴5076
-₴2355
-₴2680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
744
social contributions
-
-
-
684
income
-
-
-
833
pensions
-
-
-
7 040
health
-
-
-
208
surtax
-
-
-
-
total
-
-
-
9 509
Employee
21 480
-
18 288
-
surtax
-
-
-
-
pensions
2 429
-
2 069
-
social contributions
612
-
521
-
income
1 268
-
882
-
total
4 309
-
3 472
-
Employer
21 480
-
18 288
-
other
741
-
631
-
pensions
3 529
-
3 005
-
unemployment
870
-
741
-
social contributions
65
-
55
-
health
1 504
-
1 280
-
total
6 709
-
5 712
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
withholding
-
2 212
-
-
social contributions
-
2 973
-
-
surtax
-
-
-
-
total
-
5 185
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 018
11 905
9 184
9 509
After tax
12 982
12 095
14 816
14 491
Living cost
17 171
17 171
17 171
17 171
Free-cash
-4 189
-5 076
-2 355
-2 680

Estimated living cost  is ₴17171 per week

₴10827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1163
-₴3375
-₴654
-₴979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
744
social contributions
-
-
-
684
income
-
-
-
833
pensions
-
-
-
7 040
health
-
-
-
208
surtax
-
-
-
-
total
-
-
-
9 509
Employee
19 174
-
18 288
-
surtax
-
-
-
-
pensions
2 169
-
2 069
-
social contributions
547
-
521
-
income
989
-
882
-
total
3 705
-
3 472
-
Employer
19 174
-
18 288
-
other
662
-
631
-
pensions
3 151
-
3 005
-
unemployment
776
-
741
-
social contributions
57
-
55
-
health
1 342
-
1 280
-
total
5 988
-
5 712
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
withholding
-
2 212
-
-
social contributions
-
2 973
-
-
surtax
-
-
-
-
total
-
5 185
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 693
11 905
9 184
9 509
After tax
14 307
12 095
14 816
14 491
Living cost
15 470
15 470
15 470
15 470
Free-cash
-1 163
-3 375
-654
-979

Estimated living cost  is ₴15470 per week

₴8972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4260
₴4000
₴3926
₴4771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 312
income
-
-
-
3 600
health
-
-
-
1 675
total
-
-
-
8 587
Employee
17 017
-
24 000
-
health
1 188
-
1 675
-
social contributions
2 349
-
3 312
-
income
2 838
-
4 445
-
total
6 375
-
9 432
-
Employer
17 017
-
24 000
-
total
-
-
-
-
Corporate
6 983
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%.

350
1 200
-
-
total
350
1 200
-
-
Dividends
6 634
22 800
-
-
health
463
1 591
-
-
withholding
995
3 420
-
-
social contributions
915
3 147
-
-
total
2 373
8 158
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 098
9 358
9 432
8 587
After tax
14 902
14 642
14 568
15 413
Living cost
10 642
10 642
10 642
10 642
Free-cash
4 260
4 000
3 926
4 771

Estimated living cost  is ₴10642 per week

₴7122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8873
-₴5113
-₴8243
-₴4275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
96
unemployment
-
-
-
3 078
income
-
-
-
1 042
pensions
-
-
-
4 440
health
-
-
-
1 836
surtax
-
-
-
99
total
-
-
-
10 591
Employee
25 082
20 001
20 001
-
unemployment
752
600
554
-
other
250
200
185
-
health
971
774
715
-
pensions
2 569
2 048
1 892
-
income
2 855
1 475
1 545
-
total
7 397
5 097
4 891
-
Employer
25 082
20 001
20 001
-
payroll
752
600
600
-
other
1 191
950
937
-
accident
326
260
240
-
pensions
3 148
2 511
2 318
-
unemployment
752
600
554
-
chamber of commerce
100
80
80
-
surtax
99
99
99
-
health
948
756
698
-
total
7 316
5 856
5 526
-
Corporate
1 905
1 905
16 568
-
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.

476
476
4 142
-
total
476
476
4 142
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 189
11 429
14 559
10 591
After tax
8 811
12 571
9 441
13 409
Living cost
17 684
17 684
17 684
17 684
Free-cash
-8 873
-5 113
-8 243
-4 275

Estimated living cost  is ₴17684 per week

₴11795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
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.
₴4091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22350
-₴4743
-₴7681
-₴4704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 330
national
-
-
-
6 775
communal

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

-
-
-
1 300
total
-
-
-
10 405
Employee

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

35 900
-
18 587
-
national
11 037
-
4 570
-
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.

312
-
162
-
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.

1 687
-
873
-
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.

2 692
-
1 394
-
communal

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

1 872
-
970
-
total
17 600
-
7 969
-
Employer

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

35 900
-
18 587
-
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.

467
-
242
-
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.

3 181
-
1 647
-
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.

524
-
271
-
surtax
4 071
-
2 109
-
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.

2 208
-
1 144
-
total
10 451
-
5 413
-
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.

-
5 548
-
-
total
-
5 548
-
-
Income
24 000
24 000
24 000
24 000
Total tax
28 051
10 444
13 382
10 405
After tax
-4 051
13 556
10 618
13 595
Living cost
18 299
18 299
18 299
18 299
Free-cash
-22 350
-4 743
-7 681
-4 704

Estimated living cost  is ₴18299 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
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.
₴4626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8945
-₴1895
-₴4579
-₴4765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24
unemployment
-
-
-
168
income
-
-
-
3 440
pensions
-
-
-
6 792
accident
-
-
-
216
total
-
-
-
10 640
Employee
24 983
-
18 199
-
unemployment
388
-
282
-
other
25
-
18
-
pensions
1 174
-
855
-
income
5 271
-
3 498
-
total
6 858
-
4 653
-
Employer
24 983
-
18 199
-
other
199
-
146
-
accident
494
-
360
-
pensions
5 895
-
4 294
-
unemployment
1 374
-
1 001
-
total
7 962
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 170
-
-
total
-
4 170
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 820
7 770
10 454
10 640
After tax
9 180
16 230
13 546
13 360
Living cost
18 125
18 125
18 125
18 125
Free-cash
-8 945
-1 895
-4 579
-4 765

Estimated living cost  is ₴18125 per week

₴13347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18547
-₴12174
-₴11090
-₴11112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
712
pensions
-
-
-
3 840
accident
-
-
-
216
communal
-
-
-
-
health
-
-
-
1 800
surtax
-
-
-
1 270
total
-
-
-
7 838
Employee
38 007
-
21 146
-
surtax
2 330
-
1 272
-
health
1 691
-
1 063
-
pensions
3 040
-
1 911
-
income
3 671
-
715
-
total
10 732
-
4 961
-
Employer
38 007
-
21 146
-
accident
342
-
215
-
pensions
3 040
-
1 911
-
health
1 159
-
729
-
total
4 541
-
2 855
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
communal
-
1 620
-
-
surtax
-
252
-
-
total
-
5 472
-
-
Dividends
-
18 527
-
-
withholding
-
2 779
-
-
income
-
649
-
-
total
-
3 428
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 273
8 900
7 816
7 838
After tax
8 727
15 100
16 184
16 162
Living cost
27 274
27 274
27 274
27 274
Free-cash
-18 547
-12 174
-11 090
-11 112

Estimated living cost  is ₴27274 per week

₴20460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1652
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.
₴4873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2228
₴3823
₴1907
₴2503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
3 476
pensions
-
-
-
4 800
health
-
-
-
1 704
surtax
-
-
-
130
total
-
-
-
10 224
Employee
16 902
-
19 826
-
surtax
60
-
114
-
unemployment
1 176
-
1 380
-
other
-
-
-
-
health
431
-
506
-
pensions
1 128
-
1 322
-
income
2 833
-
3 324
-
total
5 628
-
6 646
-
Employer
16 902
-
19 826
-
other
-
-
-
-
pensions
2 253
-
2 643
-
unemployment
536
-
629
-
health
769
-
902
-
total
3 558
-
4 174
-
Corporate
3 540
24 000
-
-
income
920
6 240
-
-
total
920
6 240
-
-
Dividends
2 620
17 760
-
-
withholding
393
2 664
-
-
total
393
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 499
8 904
10 820
10 224
After tax
13 501
15 096
13 180
13 776
Living cost
11 273
11 273
11 273
11 273
Free-cash
2 228
3 823
1 907
2 503

Estimated living cost  is ₴11273 per week

₴6806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
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.
₴3226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3842
-₴905
-₴1788
-₴439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
361
social contributions
-
-
-
6 173
municipal
-
-
-
143
national
-
-
-
4 242
total
-
-
-
10 919
Employee
27 840
-
24 000
-
national
4 411
-
3 724
-
regional
375
-
323
-
municipal
148
-
128
-
social contributions
9 388
-
8 093
-
total
14 322
-
12 268
-
Employer
27 840
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
nationa
-
5 760
-
-
municipal
-
1 192
-
-
total
-
6 952
-
-
Dividends
-
17 047
-
-
withholding
-
4 433
-
-
total
-
4 433
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 322
11 385
12 268
10 919
After tax
9 678
12 615
11 732
13 081
Living cost
13 520
13 520
13 520
13 520
Free-cash
-3 842
-905
-1 788
-439

Estimated living cost  is ₴13520 per week

₴8408
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.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6266
₴1165
-₴3180
-₴3670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 008
income
-
-
-
2 063
health
-
-
-
3 240
solidarity contribution
-
-
-
-
total
-
-
-
12 311
Employee
22 586
-
17 910
-
solidarity contribution
-
-
-
-
health
3 049
-
2 418
-
social contributions
1 468
-
1 164
-
income
2 710
-
2 149
-
total
7 227
-
5 731
-
Employer
22 586
-
17 910
-
social contributions
5 647
-
4 478
-
health
2 033
-
1 612
-
total
7 680
-
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
14 907
7 476
11 821
12 311
After tax
9 093
16 524
12 179
11 689
Living cost
15 359
15 359
15 359
15 359
Free-cash
-6 266
1 165
-3 180
-3 670

Estimated living cost  is ₴15359 per week

₴11422
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.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4729
-₴3342
-₴6520
-₴2504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
96
unemployment
-
-
-
3 078
income
-
-
-
1 042
pensions
-
-
-
4 440
health
-
-
-
1 836
surtax
-
-
-
-
total
-
-
-
10 492
Employee
21 939
20 001
20 001
-
unemployment
658
600
556
-
other
219
200
186
-
health
849
774
718
-
pensions
2 247
2 048
1 900
-
income
1 954
1 475
1 541
-
total
5 927
5 097
4 901
-
Employer
21 939
20 001
20 001
-
payroll
658
600
600
-
other
1 042
950
938
-
accident
285
260
241
-
pensions
2 753
2 511
2 329
-
unemployment
658
600
556
-
chamber of commerce
88
80
80
-
surtax
-
-
-
-
health
830
756
701
-
total
6 314
5 757
5 445
-
Corporate
1 905
1 905
16 650
-
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.

476
476
4 162
-
total
476
476
4 162
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 717
11 330
14 508
10 492
After tax
11 283
12 670
9 492
13 508
Living cost
16 012
16 012
16 012
16 012
Free-cash
-4 729
-3 342
-6 520
-2 504

Estimated living cost  is ₴16012 per week

₴9605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15175
₴16379
₴12779
₴17339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
microenterprise

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

-
-
-
240
total
-
-
-
240
Employee
8 027
-
24 000
-
income
1 605
-
4 800
-
total
1 605
-
4 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

15 973
24 000
-
-
total
-
-
-
-
Dividends
15 973
24 000
-
-
withholding
799
1 200
-
-
total
799
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 404
1 200
4 800
240
After tax
21 596
22 800
19 200
23 760
Living cost
6 421
6 421
6 421
6 421
Free-cash
15 175
16 379
12 779
17 339

Estimated living cost  is ₴6421 per week

₴4345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴270
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1648
₴3062
-₴813
-₴52
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
24 000
unemployment
-
-
-
36
income
-
-
-
3 809
pensions
-
-
-
4 383
health
-
-
-
2 362
total
-
-
-
10 590
Employee

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

22 193
-
20 767
-
unemployment
31
-
30
-
health
1 433
-
1 342
-
pensions
3 440
-
3 219
-
income
3 827
-
3 527
-
total
8 731
-
8 118
-
Employer

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

22 193
-
20 767
-
pensions
1 964
-
1 838
-
unemployment
13
-
12
-
health
1 478
-
1 383
-
total
3 455
-
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
12 186
7 476
11 351
10 590
After tax
11 814
16 524
12 649
13 410
Living cost
13 462
13 462
13 462
13 462
Free-cash
-1 648
3 062
-813
-52

Estimated living cost  is ₴13462 per week

₴9238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴50122
-₴6848
-₴3989
-₴4864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 736
income
-
-
-
4 678
total
-
-
-
7 414
Employee
30 756
-
-
-
social contributions
2 522
-
359
-
income
6 784
-
-
-
total
9 306
-
359
-
Employer
30 756
-
-
-
social contributions
43 366
-
6 180
-
total
43 366
-
6 180
-
Corporate
-
24 000
-
-
income
-
5 280
-
-
total
-
5 280
-
-
Dividends
-
18 720
-
-
income
-
4 118
-
-
total
-
4 118
-
-
Income
24 000
24 000
24 000
24 000
Total tax
52 672
9 398
6 539
7 414
After tax
-28 672
14 602
17 461
16 586
Living cost
21 450
21 450
21 450
21 450
Free-cash
-50 122
-6 848
-3 989
-4 864

Estimated living cost  is ₴21450 per week

₴13917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2017
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4565
-₴2092
-₴2267
-₴1731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
8 340
income
-
-
-
1 648
surtax
-
-
-
-
total
-
-
-
9 988
Employee
23 083
-
19 394
-
surtax
-
-
-
-
social contributions
2 539
-
2 133
-
income
4 801
-
3 785
-
total
7 340
-
5 918
-
Employer
23 083
-
19 394
-
social contributions
5 482
-
4 606
-
total
5 482
-
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
12 822
10 349
10 524
9 988
After tax
11 178
13 651
13 476
14 012
Living cost
15 742
15 742
15 742
15 742
Free-cash
-4 565
-2 092
-2 267
-1 731

Estimated living cost  is ₴15742 per week

₴11779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17250
-₴12145
-₴9424
-₴9749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
744
social contributions
-
-
-
684
income
-
-
-
833
pensions
-
-
-
7 040
health
-
-
-
208
surtax
-
-
-
-
total
-
-
-
9 509
Employee
31 434
-
18 288
-
surtax
-
-
-
-
pensions
3 555
-
2 069
-
social contributions
895
-
521
-
income
2 743
-
882
-
total
7 193
-
3 472
-
Employer
31 434
-
18 288
-
other
1 085
-
631
-
pensions
5 165
-
3 005
-
unemployment
1 273
-
741
-
social contributions
94
-
55
-
health
2 200
-
1 280
-
total
9 817
-
5 712
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
withholding
-
2 212
-
-
social contributions
-
2 973
-
-
surtax
-
-
-
-
total
-
5 185
-
-
Income
24 000
24 000
24 000
24 000
Total tax
17 010
11 905
9 184
9 509
After tax
6 990
12 095
14 816
14 491
Living cost
24 240
24 240
24 240
24 240
Free-cash
-17 250
-12 145
-9 424
-9 749

Estimated living cost  is ₴24240 per week

₴16405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1983
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4828
₴6514
₴4343
₴3634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 135
-
20 779
-
social contributions
1 049
-
1 351
-
income
-
-
-
-
total
1 049
-
1 351
-
Employer
16 135
-
20 779
-
social contributions
2 501
-
3 220
-
total
2 501
-
3 220
-
Corporate
5 364
24 000
-
-
income
536
2 400
-
-
total
536
2 400
-
-
Dividends
4 828
21 600
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
4 086
2 400
4 571
5 280
After tax
19 914
21 600
19 429
18 720
Living cost
15 086
15 086
15 086
15 086
Free-cash
4 828
6 514
4 343
3 634

Estimated living cost  is ₴15086 per week

₴9755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴85182
-₴85182
-₴85182
-₴8247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
434
municipal
-
-
-
3 647
labour market
-
-
-
1 885
national
-
-
-
2 147
total
-
-
-
8 113
Employee
101 863
101 863
101 863
-
national
12 444
12 444
12 444
-
municipal
21 691
21 691
21 691
-
labour market
8 137
8 137
8 137
-
pensions
145
145
145
-
total
42 417
42 417
42 417
-
Employer
101 863
101 863
101 863
-
municipal
21 726
21 726
21 726
-
pensions
290
290
290
-
national
12 466
12 466
12 466
-
labour market
8 149
8 149
8 149
-
total
42 631
42 631
42 631
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
85 048
85 048
85 048
8 113
After tax
-61 048
-61 048
-61 048
15 887
Living cost
24 134
24 134
24 134
24 134
Free-cash
-85 182
-85 182
-85 182
-8 247

Estimated living cost  is ₴24134 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴237
-₴9191
₴1538
₴5512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
3 776
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
7 353
Employee
17 516
-
19 937
-
health
2 006
-
2 283
-
pensions
1 972
-
2 245
-
income
2 403
-
2 735
-
total
6 381
-
7 263
-
Employer
17 516
-
19 937
-
accident
292
-
333
-
pensions
2 848
-
3 242
-
unemployment
429
-
489
-
total
3 569
-
4 064
-
Corporate
2 915
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.

2 623
21 600
-
-
total
2 623
21 600
-
-
Dividends
291
2 400
-
-
withholding
55
456
-
-
total
55
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 628
22 056
11 327
7 353
After tax
11 372
1 944
12 673
16 647
Living cost
11 135
11 135
11 135
11 135
Free-cash
237
-9 191
1 538
5 512

Estimated living cost  is ₴11135 per week

₴8105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
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.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7387
-₴2661
-₴4262
-₴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

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
24 000
municipal
-
-
-
4 292
national
-
-
-
425
health
-
-
-
160
total
-
-
-
4 877
Employee
26 405
-
20 190
-
national
436
-
100
-
unemployment
396
-
303
-
health
197
-
102
-
municipal
4 325
-
3 316
-
pensions
1 782
-
1 363
-
total
7 136
-
5 184
-
Employer
26 405
-
20 190
-
accident
27
-
20
-
pensions
4 581
-
3 503
-
unemployment
171
-
131
-
health
203
-
155
-
total
4 982
-
3 809
-
Corporate
-
24 000
-
-
income
-
4 800
-
-
total
-
4 800
-
-
Dividends

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

-
14 400
-
-
municipal
-
2 592
-
-
national
-
-
-
-
total
-
2 592
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 118
7 392
8 993
4 877
After tax
11 882
16 608
15 007
19 123
Living cost
19 269
19 269
19 269
19 269
Free-cash
-7 387
-2 661
-4 262
-146

Estimated living cost  is ₴19269 per week

₴12586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3367
₴1031
₴3913
₴7810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 744
income
-
-
-
214
health
-
-
-
612
total
-
-
-
4 570
Employee
38 593
38 593
38 593
-
health
299
656
370
-
social contributions
1 459
3 203
1 809
-
income
4 202
3 573
4 076
-
total
5 960
7 432
6 255
-
Employer
38 593
38 593
38 593
-
social contributions
1 459
3 203
1 809
-
health
325
714
403
-
total
1 784
3 917
2 212
-
Corporate
4 636
-
-
-
income
579
-
-
-
total
579
-
-
-
Dividends
4 057
-
-
-
withholding
690
-
-
-
total
690
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 013
11 349
8 467
4 570
After tax
14 987
12 651
15 533
19 430
Living cost
11 620
11 620
11 620
11 620
Free-cash
3 367
1 031
3 913
7 810

Estimated living cost  is ₴11620 per week

₴6964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1140
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.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴9354
₴11906
₴6926
₴9099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
24 000
unemployment
-
-
-
14
income
-
-
-
1 910
pensions
-
-
-
3 193
health
-
-
-
1 816
total
-
-
-
6 933
Employee

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

11 520
-
21 759
-
unemployment
57
-
109
-
health
979
-
1 850
-
pensions
1 728
-
3 264
-
income
788
-
1 642
-
total
3 552
-
6 865
-
Employer

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

11 520
-
21 759
-
pensions
633
-
1 197
-
unemployment
57
-
109
-
health
495
-
935
-
total
1 185
-
2 241
-
Corporate
11 294
24 000
-
-
income
1 016
2 160
-
-
total
1 016
2 160
-
-
Dividends
10 278
21 840
-
-
withholding
925
1 966
-
-
total
925
1 966
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 678
4 126
9 106
6 933
After tax
17 322
19 874
14 894
17 067
Living cost
7 968
7 968
7 968
7 968
Free-cash
9 354
11 906
6 926
9 099

Estimated living cost  is ₴7968 per week

₴5084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴474
₴2429
-₴255
-₴441
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24
unemployment
-
-
-
168
income
-
-
-
3 440
pensions
-
-
-
6 792
accident
-
-
-
216
total
-
-
-
10 640
Employee
18 558
-
18 199
-
unemployment
288
-
282
-
other
18
-
18
-
pensions
872
-
855
-
income
3 578
-
3 498
-
total
4 756
-
4 653
-
Employer
18 558
-
18 199
-
other
149
-
146
-
accident
368
-
360
-
pensions
4 379
-
4 294
-
unemployment
1 021
-
1 001
-
total
5 917
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 170
-
-
total
-
4 170
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 673
7 770
10 454
10 640
After tax
13 327
16 230
13 546
13 360
Living cost
13 801
13 801
13 801
13 801
Free-cash
-474
2 429
-255
-441

Estimated living cost  is ₴13801 per week

₴9316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
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.
₴2917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13864
₴14023
₴14020
₴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
income
-
-
-
7 761
pensions
-
-
-
695
health
-
-
-
504
total
-
-
-
8 960
Employee
1 451
-
23 218
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
7 724
-
total
500
-
8 246
-
Employer
1 451
-
23 218
-
pensions
160
-
382
-
unemployment
29
-
69
-
health
138
-
330
-
total
327
-
781
-
Corporate
22 222
24 000
-
-
income
4 889
5 280
-
-
total
4 889
5 280
-
-
Dividends
17 333
18 720
-
-
withholding
3 467
3 744
-
-
total
3 467
3 744
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 183
9 024
9 027
8 960
After tax
14 817
14 976
14 973
15 040
Living cost
953
953
953
953
Free-cash
13 864
14 023
14 020
14 087

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6188
₴8657
₴4363
₴3330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
24 000
unemployment
-
-
-
360
income
-
-
-
2 915
pensions
-
-
-
6 240
health
-
-
-
2 472
total
-
-
-
11 987
Employee

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

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

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

13 094
-
20 356
-
unemployment
98
-
153
-
health
674
-
1 048
-
pensions
1 833
-
2 850
-
income
1 805
-
3 259
-
total
4 410
-
7 310
-
Employer

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

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

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

13 094
-
20 356
-
pensions
1 571
-
2 443
-
unemployment
98
-
153
-
health
674
-
1 048
-
total
2 343
-
3 644
-
Corporate
8 562
24 000
-
-
income
1 284
3 600
-
-
total
1 284
3 600
-
-
Dividends
7 278
20 400
-
-
withholding
1 092
3 060
-
-
total
1 092
3 060
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 129
6 660
10 954
11 987
After tax
14 871
17 340
13 046
12 013
Living cost
8 683
8 683
8 683
8 683
Free-cash
6 188
8 657
4 363
3 330

Estimated living cost  is ₴8683 per week

₴5846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴105
₴121
-₴54
₴482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
8 340
income
-
-
-
1 648
surtax
-
-
-
-
total
-
-
-
9 988
Employee
19 479
-
19 394
-
surtax
-
-
-
-
social contributions
2 143
-
2 133
-
income
3 806
-
3 785
-
total
5 949
-
5 918
-
Employer
19 479
-
19 394
-
social contributions
4 626
-
4 606
-
total
4 626
-
4 606
-
Corporate
-
24 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
18 960
-
-
withholding
-
5 309
-
-
total
-
5 309
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 575
10 349
10 524
9 988
After tax
13 425
13 651
13 476
14 012
Living cost
13 530
13 530
13 530
13 530
Free-cash
-105
121
-54
482

Estimated living cost  is ₴13530 per week

₴9583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Porto model

Close
Madrid , Spain
-₴7966
-₴1408
-₴4092
-₴4278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24
unemployment
-
-
-
168
income
-
-
-
3 440
pensions
-
-
-
6 792
accident
-
-
-
216
total
-
-
-
10 640
Employee
24 239
-
18 199
-
unemployment
375
-
282
-
other
24
-
18
-
pensions
1 139
-
855
-
income
5 063
-
3 498
-
total
6 601
-
4 653
-
Employer
24 239
-
18 199
-
other
194
-
146
-
accident
480
-
360
-
pensions
5 720
-
4 294
-
unemployment
1 333
-
1 001
-
total
7 727
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 170
-
-
total
-
4 170
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 328
7 770
10 454
10 640
After tax
9 672
16 230
13 546
13 360
Living cost
17 638
17 638
17 638
17 638
Free-cash
-7 966
-1 408
-4 092
-4 278

Estimated living cost  is ₴17638 per week

₴12667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8832
₴11891
₴7339
₴7093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
unemployment
-
-
-
70
income
-
-
-
3 600
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
8 278
Employee
11 427
-
20 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
806
-
pensions

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

1 003
-
1 539
-
income
1 143
-
2 056
-
total
2 798
-
4 594
-
Employer
11 427
-
20 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 259
-
1 931
-
unemployment
69
-
105
-
health
789
-
1 209
-
total
2 243
-
3 438
-
Corporate
10 332
24 000
-
-
income
1 033
2 400
-
-
total
1 033
2 400
-
-
Dividends
9 298
21 600
-
-
withholding
465
1 080
-
-
total
465
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 539
3 480
8 032
8 278
After tax
17 461
20 520
15 968
15 722
Living cost
8 629
8 629
8 629
8 629
Free-cash
8 832
11 891
7 339
7 093

Estimated living cost  is ₴8629 per week

₴5707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴971
-₴6918
-₴691
-₴786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
trade
-
-
-
95
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.

-
-
-
1 788
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.

-
-
-
3 429
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.

-
-
-
98
total
-
-
-
5 410
Employee

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

24 972
-
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.

113
-
98
-
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.

3 429
-
3 429
-
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.

2 053
-
1 788
-
total
5 595
-
5 315
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
trade
-
3 444
-
-
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
-
111
-
-
total
-
7 353
-
-
Dividends
-
16 646
-
-
withholding
-
3 971
-
-
surtax

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

-
218
-
-
total
-
4 189
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 595
11 542
5 315
5 410
After tax
18 405
12 458
18 685
18 590
Living cost
19 376
19 376
19 376
19 376
Free-cash
-971
-6 918
-691
-786

Estimated living cost  is ₴19376 per week

₴13366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15260
-₴11790
-₴9402
-₴9402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 583
income
-
-
-
3 229
total
-
-
-
4 812
Employee
39 259
-
24 000
-
social contributions
3 262
-
1 583
-
income
7 408
-
3 229
-
total
10 670
-
4 812
-
Employer
39 259
-
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
10 670
7 200
4 812
4 812
After tax
13 330
16 800
19 188
19 188
Living cost
28 590
28 590
28 590
28 590
Free-cash
-15 260
-11 790
-9 402
-9 402

Estimated living cost  is ₴28590 per week

₴21750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2330
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2829
-₴4959
-₴817
-₴11564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 059
income
-
-
-
14 286
total
-
-
-
17 345
Employee
23 023
-
21 814
-
social contributions
2 307
-
2 186
-
income
2 498
-
2 226
-
total
4 805
-
4 412
-
Employer
23 023
-
21 814
-
social contributions
2 307
-
2 186
-
total
2 307
-
2 186
-
Corporate
-
24 000
-
-
income
-
8 400
-
-
total
-
8 400
-
-
Dividends
-
15 600
-
-
social contributions
1 498
2 340
-
-
total
1 498
2 340
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 610
10 740
6 598
17 345
After tax
15 390
13 260
17 402
6 655
Living cost
18 219
18 219
18 219
18 219
Free-cash
-2 829
-4 959
-817
-11 564

Estimated living cost  is ₴18219 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4209
-₴366
-₴2500
-₴216
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 533
pensions
-
-
-
1 335
total
-
-
-
5 868
Employee
25 185
-
21 549
-
health
329
-
253
-
pensions
1 922
-
1 486
-
income
4 586
-
3 962
-
total
6 837
-
5 701
-
Employer
25 185
-
21 549
-
pensions
2 545
-
2 042
-
health
479
-
409
-
total
3 024
-
2 451
-
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
9 861
6 018
8 152
5 868
After tax
14 139
17 982
15 848
18 132
Living cost
18 348
18 348
18 348
18 348
Free-cash
-4 209
-366
-2 500
-216

Estimated living cost  is ₴18348 per week

₴12587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
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.
₴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

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
₴66
-₴10293
₴436
₴4410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
3 776
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
7 353
Employee
19 249
-
19 937
-
health
2 204
-
2 283
-
pensions
2 168
-
2 245
-
income
2 641
-
2 735
-
total
7 013
-
7 263
-
Employer
19 249
-
19 937
-
accident
321
-
333
-
pensions
3 130
-
3 242
-
unemployment
472
-
489
-
total
3 923
-
4 064
-
Corporate
828
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.

745
21 600
-
-
total
745
21 600
-
-
Dividends
83
2 400
-
-
withholding
16
456
-
-
total
16
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 697
22 056
11 327
7 353
After tax
12 303
1 944
12 673
16 647
Living cost
12 237
12 237
12 237
12 237
Free-cash
66
-10 293
436
4 410

Estimated living cost  is ₴12237 per week

₴8981
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11184
₴13622
₴7640
₴7640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
unemployment
-
-
-
288
income
-
-
-
2 983
pensions
-
-
-
4 416
health insurance
-
-
-
1 776
work injury
-
-
-
120
total
-
-
-
9 583
Employee

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

10 844
-
24 000
-
health insurance
802
-
1 776
-
unemployment
130
-
288
-
work injury
54
-
120
-
pensions
1 995
-
4 416
-
income
1 084
-
2 983
-
total
4 065
-
9 583
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 156
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
13 156
24 000
-
-
withholding
1 973
3 600
-
-
total
1 973
3 600
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 038
3 600
9 583
9 583
After tax
17 962
20 400
14 417
14 417
Living cost
6 778
6 778
6 778
6 778
Free-cash
11 184
13 622
7 640
7 640

Estimated living cost  is ₴6778 per week

₴4199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Rome , Italy
-₴18293
-₴7352
-₴8245
-₴6913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
344
social contributions
-
-
-
6 173
municipal
-
-
-
160
national
-
-
-
4 242
total
-
-
-
10 919
Employee
42 292
-
24 000
-
national
7 147
-
3 724
-
regional
639
-
291
-
municipal
252
-
143
-
social contributions
14 261
-
8 093
-
total
22 299
-
12 251
-
Employer
42 292
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
nationa
-
5 760
-
-
municipal
-
1 157
-
-
total
-
6 917
-
-
Dividends
-
17 083
-
-
withholding
-
4 441
-
-
total
-
4 441
-
-
Income
24 000
24 000
24 000
24 000
Total tax
22 299
11 358
12 251
10 919
After tax
1 701
12 642
11 749
13 081
Living cost
19 994
19 994
19 994
19 994
Free-cash
-18 293
-7 352
-8 245
-6 913

Estimated living cost  is ₴19994 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close