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
-₴3263
₴3235
₴2388
₴3196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 491
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.

-
-
-
1 703
trade
-
-
-
39
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.

-
-
-
94
total
-
-
-
5 327
Employee

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

19 543
-
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
-
94
-
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.

546
-
1 703
-
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.

3 491
-
3 491
-
total
4 067
-
5 288
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 457
24 000
-
-
trade
702
3 780
-
-
chamber of commerce
84
112
-
-
surtax

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

37
198
-
-
income
668
3 600
-
-
total
1 491
7 690
-
-
Dividends
2 965
16 310
-
-
withholding
547
3 883
-
-
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
213
-
-
total
577
4 096
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 135
11 786
5 288
5 327
After tax
17 865
12 214
18 712
18 673
Living cost
15 477
15 477
15 477
15 477
Free-cash
2 388
-3 263
3 235
3 196

Estimated living cost  is ₴15477 per week

₴9735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1805
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.
₴3648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11973
-₴11345
-₴21567
-₴11533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 310
pensions
-
-
-
2 880
municipal
-
-
-
2 136
total
-
-
-
8 584
Employee
41 775
-
20 748
-
national
7 996
-
3 454
-
municipal
5 160
-
2 229
-
pensions
1 671
-
830
-
total
14 827
-
6 513
-
Employer
41 775
-
20 748
-
pensions
3 342
-
1 660
-
social contributions
449
-
223
-
total
3 791
-
1 883
-
Corporate
-
24 000
-
-
income

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

-
4 800
-
-
total
-
4 800
-
-
Dividends
-
19 200
-
-
withholding
-
4 224
-
-
total
-
4 224
-
-
Income
24 000
24 000
24 000
24 000
Total tax
18 618
9 024
8 396
8 584
After tax
5 382
14 976
15 604
15 416
Living cost
26 949
26 949
26 949
26 949
Free-cash
-21 567
-11 973
-11 345
-11 533

Estimated living cost  is ₴26949 per week

₴18317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8570
₴3142
₴4378
₴8161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
24 000
microenterprise
-
-
-
3 600
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.

-
-
-
1 609
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
5 209
Employee
14 931
-
19 341
-
surtax
-
-
-
-
income
2 658
-
3 442
-
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.

1 643
-
2 127
-
total
4 301
-
5 569
-
Employer
14 931
-
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.

3 596
-
4 659
-
total
3 596
-
4 659
-
Corporate
5 473
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%.

1 095
4 800
-
-
total
1 095
4 800
-
-
Dividends

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

4 378
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 992
4 800
10 228
5 209
After tax
15 008
19 200
13 772
18 791
Living cost
10 630
10 630
10 630
10 630
Free-cash
4 378
8 570
3 142
8 161

Estimated living cost  is ₴10630 per week

₴6782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23872
-₴26739
-₴26739
-₴7630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 684
income
-
-
-
2 221
pensions
-
-
-
4 320
total
-
-
-
10 225
Employee
43 634
43 634
43 634
-
income

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

7 142
7 142
7 142
-
pensions
7 854
5 987
7 854
-
health
6 697
5 697
6 697
-
total
21 693
18 826
21 693
-
Employer
43 634
43 634
43 634
-
unemployment
1 571
1 571
1 571
-
pensions
3 037
3 037
3 037
-
health
3 033
3 033
3 033
-
total
7 641
7 641
7 641
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
29 334
26 467
29 334
10 225
After tax
-5 334
-2 467
-5 334
13 775
Living cost
21 405
21 405
21 405
21 405
Free-cash
-26 739
-23 872
-26 739
-7 630

Estimated living cost  is ₴21405 per week

₴15169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴8224
-₴8512
-₴15938
-₴9364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 498
national
-
-
-
-
pensions
-
-
-
2 594
unemployment
-
-
-
24
other
-
-
-
2 789
accident
-
-
-
48
municipal
-
-
-
5 083
total
-
-
-
12 036
Employee
30 390
-
18 262
-
national
-
-
-
-
municipal
9 062
-
5 446
-
total
9 062
-
5 446
-
Employer
30 390
-
18 262
-
unemployment
802
-
482
-
pensions
3 285
-
1 974
-
accident
61
-
37
-
other
3 531
-
2 122
-
health
1 869
-
1 123
-
total
9 548
-
5 738
-
Corporate
-
24 000
-
-
income
-
5 280
-
-
total
-
5 280
-
-
Dividends
-
18 720
-
-
withholding
-
5 616
-
-
total
-
5 616
-
-
Income
24 000
24 000
24 000
24 000
Total tax
18 610
10 896
11 184
12 036
After tax
5 390
13 104
12 816
11 964
Living cost
21 328
21 328
21 328
21 328
Free-cash
-15 938
-8 224
-8 512
-9 364

Estimated living cost  is ₴21328 per week

₴14135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2093
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7984
-₴1361
-₴1912
-₴1401
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 491
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.

-
-
-
1 703
trade
-
-
-
40
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.

-
-
-
94
total
-
-
-
5 328
Employee

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

25 912
-
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.

122
-
94
-
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.

2 226
-
1 703
-
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.

3 491
-
3 491
-
total
5 839
-
5 288
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
trade
-
3 948
-
-
chamber of commerce
-
112
-
-
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
-
-
income
-
3 600
-
-
total
-
7 858
-
-
Dividends
-
16 142
-
-
withholding
-
3 842
-
-
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
-
4 053
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 839
11 911
5 288
5 328
After tax
18 161
12 089
18 712
18 672
Living cost
20 073
20 073
20 073
20 073
Free-cash
-1 912
-7 984
-1 361
-1 401

Estimated living cost  is ₴20073 per week

₴13425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4127
-₴1124
-₴1334
₴2924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
612
social contributions
-
-
-
3 744
income
-
-
-
147
total
-
-
-
4 503
Employee
39 291
39 291
39 291
-
income
4 126
3 637
4 162
-
social contributions
1 909
3 261
1 808
-
health
391
668
370
-
total
6 426
7 566
6 340
-
Employer
39 291
39 291
39 291
-
social contributions
1 909
3 261
1 808
-
health
426
727
403
-
total
2 335
3 988
2 211
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 761
11 554
8 551
4 503
After tax
15 239
12 446
15 449
19 497
Living cost
16 573
16 573
16 573
16 573
Free-cash
-1 334
-4 127
-1 124
2 924

Estimated living cost  is ₴16573 per week

₴11329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4319
₴4610
₴4510
₴7322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 680
income
-
-
-
2 934
pensions
-
-
-
2 400
unemployment
-
-
-
360
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.

13 430
5 345
20 084
-
unemployment
201
80
301
-
income
1 642
653
2 455
-
pensions
1 343
534
2 008
-
health
940
374
1 406
-
total
4 126
1 641
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.

13 430
5 345
20 084
-
pensions
2 619
1 042
3 916
-
total
2 619
1 042
3 916
-
Corporate
7 951
17 613
-
-
income
716
1 585
-
-
total
716
1 585
-
-
Dividends
7 236
16 028
-
-
withholding
1 375
3 045
-
-
social contributions
1 350
3 064
-
-
total
2 725
6 109
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 186
10 377
10 086
7 374
After tax
13 814
13 623
13 914
16 626
Living cost
9 304
9 304
9 304
9 304
Free-cash
4 510
4 319
4 610
7 322

Estimated living cost  is ₴9304 per week

₴6349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴761
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.
₴2008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6858
₴2283
₴3684
₴1451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 120
income
-
-
-
2 287
pensions
-
-
-
4 800
total
-
-
-
10 207
Employee
14 495
-
17 937
-
unemployment
232
-
287
-
income
1 632
-
2 665
-
pensions
290
-
359
-
total
2 154
-
3 311
-
Employer
14 495
-
17 937
-
unemployment
116
-
144
-
pensions
2 899
-
3 588
-
health
1 884
-
2 332
-
total
4 899
-
6 064
-
Corporate
4 605
24 000
-
-
income
921
4 800
-
-
total
921
4 800
-
-
Dividends
3 684
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 974
4 800
9 375
10 207
After tax
16 026
19 200
14 625
13 793
Living cost
12 342
12 342
12 342
12 342
Free-cash
3 684
6 858
2 283
1 451

Estimated living cost  is ₴12342 per week

₴8465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9371
₴1359
₴210
₴5331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 122
income
-
-
-
3 771
pensions
-
-
-
2 140
other
-
-
-
191
accident
-
-
-
130
total
-
-
-
7 354
Employee
17 800
-
19 937
-
income
2 442
-
2 735
-
pensions
2 004
-
2 245
-
health
2 038
-
2 283
-
total
6 484
-
7 263
-
Employer
17 800
-
19 937
-
unemployment
436
-
488
-
pensions
2 894
-
3 242
-
accident
297
-
333
-
total
3 627
-
4 063
-
Corporate
2 573
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.

2 315
21 600
-
-
total
2 315
21 600
-
-
Dividends
257
2 400
-
-
withholding
49
456
-
-
total
49
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 475
22 056
11 326
7 354
After tax
11 525
1 944
12 674
16 646
Living cost
11 315
11 315
11 315
11 315
Free-cash
210
-9 371
1 359
5 331

Estimated living cost  is ₴11315 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
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.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18590
₴14990
₴17801
₴19550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 262
-
24 000
-
income
1 052
-
4 800
-
total
1 052
-
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%.

18 738
24 000
-
-
total
-
-
-
-
Dividends
18 738
24 000
-
-
withholding
937
1 200
-
-
total
937
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
1 989
1 200
4 800
240
After tax
22 011
22 800
19 200
23 760
Living cost
4 210
4 210
4 210
4 210
Free-cash
17 801
18 590
14 990
19 550

Estimated living cost  is ₴4210 per week

₴2609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4018
₴451
₴568
-₴620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 056
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
other
-
-
-
1 140
total
-
-
-
11 005
Employee
18 553
-
19 169
-
unemployment
185
-
192
-
income
3 194
-
3 300
-
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.

1 298
-
1 342
-
health
260
-
269
-
total
4 937
-
5 103
-
Employer
18 553
-
19 169
-
unemployment
185
-
192
-
pensions

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

3 154
-
3 259
-
accident
148
-
153
-
other
928
-
958
-
health
260
-
269
-
total
4 675
-
4 831
-
Corporate
772
24 000
-
-
income
162
5 040
-
-
total
162
5 040
-
-
Dividends
610
18 960
-
-
withholding
43
1 327
-
-
total
43
1 327
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 817
6 367
9 934
11 005
After tax
14 183
17 633
14 066
12 995
Living cost
13 615
13 615
13 615
13 615
Free-cash
568
4 018
451
-620

Estimated living cost  is ₴13615 per week

₴9620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16126
-₴18209
-₴30873
-₴15955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 539
pensions
-
-
-
1 308
total
-
-
-
5 847
Employee
48 257
-
21 574
-
income
8 699
-
3 975
-
pensions
4 656
-
1 453
-
health
795
-
248
-
total
14 150
-
5 676
-
Employer
48 257
-
21 574
-
pensions
5 698
-
2 015
-
health
917
-
410
-
total
6 615
-
2 425
-
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
20 765
6 018
8 101
5 847
After tax
3 235
17 982
15 899
18 153
Living cost
34 108
34 108
34 108
34 108
Free-cash
-30 873
-16 126
-18 209
-15 955

Estimated living cost  is ₴34108 per week

₴25558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13879
₴9273
₴11526
₴9036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 034
income
-
-
-
3 600
pensions

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

-
-
-
2 618
unemployment
-
-
-
71
total
-
-
-
8 323
Employee
8 793
-
20 529
-
income
879
-
2 053
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

772
-
1 553
-
health
404
-
814
-
total
2 152
-
4 615
-
Employer
8 793
-
20 529
-
unemployment
53
-
106
-
pensions

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

969
-
1 949
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
health
607
-
1 221
-
total
1 726
-
3 471
-
Corporate
13 482
24 000
-
-
income
1 348
2 400
-
-
total
1 348
2 400
-
-
Dividends
12 134
21 600
-
-
withholding
607
1 080
-
-
total
607
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 833
3 480
8 086
8 323
After tax
18 167
20 520
15 914
15 677
Living cost
6 641
6 641
6 641
6 641
Free-cash
11 526
13 879
9 273
9 036

Estimated living cost  is ₴6641 per week

₴3877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30801
-₴33668
-₴31668
-₴14559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
health
-
-
-
3 684
income
-
-
-
2 221
pensions
-
-
-
4 320
total
-
-
-
10 225
Employee
47 373
43 634
43 634
-
income

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

7 142
7 142
7 142
-
pensions
5 987
5 987
7 854
-
health
5 910
5 697
6 697
-
total
19 039
18 826
21 693
-
Employer
47 373
43 634
43 634
-
unemployment
1 706
1 571
1 571
-
pensions
3 297
3 037
3 037
-
health
3 292
3 033
3 033
-
total
8 295
7 641
7 641
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
27 334
26 467
29 334
10 225
After tax
-3 334
-2 467
-5 334
13 775
Living cost
28 334
28 334
28 334
28 334
Free-cash
-31 668
-30 801
-33 668
-14 559

Estimated living cost  is ₴28334 per week

₴20901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2531
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.
₴4578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3925
-₴420
-₴827
-₴910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 240
social contributions
-
-
-
7 008
income
-
-
-
2 063
solidarity contribution
-
-
-
-
total
-
-
-
12 311
Employee
18 528
-
17 910
-
income
2 223
-
2 149
-
solidarity contribution
-
-
-
-
social contributions
1 204
-
1 164
-
health
2 501
-
2 418
-
total
5 928
-
5 731
-
Employer
18 528
-
17 910
-
social contributions
4 632
-
4 478
-
health
1 668
-
1 612
-
total
6 300
-
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
12 228
7 476
11 821
12 311
After tax
11 772
16 524
12 179
11 689
Living cost
12 599
12 599
12 599
12 599
Free-cash
-827
3 925
-420
-910

Estimated living cost  is ₴12599 per week

₴8751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8756
-₴9694
-₴21411
-₴8339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
6 173
national
-
-
-
4 232
regional
-
-
-
230
municipal
-
-
-
143
total
-
-
-
10 778
Employee
45 411
-
24 000
-
regional
428
-
200
-
national
7 869
-
3 713
-
municipal
240
-
127
-
social contributions
15 313
-
8 093
-
total
23 850
-
12 133
-
Employer
45 411
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
nationa
-
5 760
-
-
municipal
-
936
-
-
total
-
6 696
-
-
Dividends
-
17 305
-
-
withholding
-
4 499
-
-
total
-
4 499
-
-
Income
24 000
24 000
24 000
24 000
Total tax
23 850
11 195
12 133
10 778
After tax
150
12 805
11 867
13 222
Living cost
21 561
21 561
21 561
21 561
Free-cash
-21 411
-8 756
-9 694
-8 339

Estimated living cost  is ₴21561 per week

₴15030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴3821
₴1909
₴2232
₴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
health
-
-
-
1 704
income
-
-
-
3 476
pensions
-
-
-
4 800
unemployment
-
-
-
116
other
-
-
-
-
surtax
-
-
-
126
total
-
-
-
10 222
Employee
16 897
-
19 827
-
surtax
55
-
110
-
unemployment
1 176
-
1 380
-
income
2 832
-
3 324
-
pensions
1 127
-
1 323
-
health
431
-
506
-
other
-
-
-
-
total
5 621
-
6 643
-
Employer
16 897
-
19 827
-
unemployment
535
-
628
-
pensions
2 252
-
2 643
-
other
-
-
-
-
health
769
-
902
-
total
3 556
-
4 173
-
Corporate
3 546
24 000
-
-
income
922
6 240
-
-
total
922
6 240
-
-
Dividends
2 624
17 760
-
-
withholding
394
2 664
-
-
total
394
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 493
8 904
10 816
10 222
After tax
13 507
15 096
13 184
13 778
Living cost
11 275
11 275
11 275
11 275
Free-cash
2 232
3 821
1 909
2 503

Estimated living cost  is ₴11275 per week

₴6894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴5320
-₴7403
-₴12456
-₴5149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
4 539
pensions
-
-
-
1 308
total
-
-
-
5 847
Employee
32 341
-
21 574
-
income
5 825
-
3 975
-
pensions
2 745
-
1 453
-
health
469
-
248
-
total
9 039
-
5 676
-
Employer
32 341
-
21 574
-
pensions
3 501
-
2 015
-
health
614
-
410
-
total
4 115
-
2 425
-
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
13 154
6 018
8 101
5 847
After tax
10 846
17 982
15 899
18 153
Living cost
23 302
23 302
23 302
23 302
Free-cash
-12 456
-5 320
-7 403
-5 149

Estimated living cost  is ₴23302 per week

₴17457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴30502
-₴22511
-₴29163
-₴21006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
135
national
-
-
-
44
pensions
-
-
-
2 207
regional
-
-
-
411
city
-
-
-
252
other

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

-
-
-
480
total
-
-
-
3 529
Employee
48 539
-
21 326
-
regional
1 589
-
327
-
national
230
-
28
-
unemployment
-
-
-
-
pensions
4 078
-
1 965
-
health
110
-
48
-
city
521
-
227
-
total
6 528
-
2 595
-
Employer
48 539
-
21 326
-
unemployment
-
-
-
-
pensions
4 078
-
1 965
-
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.

970
-
426
-
health
110
-
48
-
total
5 158
-
2 439
-
Corporate
-
24 000
-
-
national
-
2 040
-
-
regional
-
5 076
-
-
total
-
7 116
-
-
Dividends
-
16 884
-
-
withholding
-
5 909
-
-
total
-
5 909
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 686
13 025
5 034
3 529
After tax
12 314
10 975
18 966
20 471
Living cost
41 477
41 477
41 477
41 477
Free-cash
-29 163
-30 502
-22 511
-21 006

Estimated living cost  is ₴41477 per week

₴26972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11440
-₴4695
-₴6708
-₴4737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 491
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.

-
-
-
1 703
trade
-
-
-
42
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.

-
-
-
94
total
-
-
-
5 330
Employee

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

30 708
-
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.

199
-
94
-
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.

3 611
-
1 703
-
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.

3 491
-
3 491
-
total
7 301
-
5 288
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
trade
-
4 116
-
-
chamber of commerce
-
112
-
-
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
-
-
income
-
3 600
-
-
total
-
8 026
-
-
Dividends
-
15 974
-
-
withholding
-
3 799
-
-
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.

-
208
-
-
total
-
4 007
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 301
12 033
5 288
5 330
After tax
16 699
11 967
18 712
18 670
Living cost
23 407
23 407
23 407
23 407
Free-cash
-6 708
-11 440
-4 695
-4 737

Estimated living cost  is ₴23407 per week

₴17096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4136
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5387
-₴2641
-₴4698
-₴2981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
208
social contributions
-
-
-
685
income
-
-
-
808
pensions
-
-
-
7 054
other
-
-
-
744
surtax
-
-
-
-
total
-
-
-
9 499
Employee
21 868
-
18 288
-
surtax
-
-
-
-
income
1 291
-
858
-
social contributions
623
-
522
-
pensions
2 473
-
2 067
-
total
4 387
-
3 447
-
Employer
21 868
-
18 288
-
unemployment
885
-
741
-
pensions
3 593
-
3 005
-
social contributions
66
-
55
-
other
754
-
631
-
health
1 531
-
1 280
-
total
6 829
-
5 712
-
Corporate
-
24 000
-
-
surtax
-
-
-
-
income
-
6 720
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
withholding
-
2 212
-
-
surtax
-
-
-
-
social contributions
-
2 973
-
-
total
-
5 185
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 216
11 905
9 159
9 499
After tax
12 784
12 095
14 841
14 501
Living cost
17 482
17 482
17 482
17 482
Free-cash
-4 698
-5 387
-2 641
-2 981

Estimated living cost  is ₴17482 per week

₴11023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3655
-₴909
-₴1617
-₴1249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
208
social contributions
-
-
-
685
income
-
-
-
808
pensions
-
-
-
7 054
other
-
-
-
744
surtax
-
-
-
-
total
-
-
-
9 499
Employee
19 521
-
18 288
-
surtax
-
-
-
-
income
1 006
-
858
-
social contributions
557
-
522
-
pensions
2 208
-
2 067
-
total
3 771
-
3 447
-
Employer
19 521
-
18 288
-
unemployment
790
-
741
-
pensions
3 208
-
3 005
-
social contributions
58
-
55
-
other
674
-
631
-
health
1 366
-
1 280
-
total
6 096
-
5 712
-
Corporate
-
24 000
-
-
surtax
-
-
-
-
income
-
6 720
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
withholding
-
2 212
-
-
surtax
-
-
-
-
social contributions
-
2 973
-
-
total
-
5 185
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 867
11 905
9 159
9 499
After tax
14 133
12 095
14 841
14 501
Living cost
15 750
15 750
15 750
15 750
Free-cash
-1 617
-3 655
-909
-1 249

Estimated living cost  is ₴15750 per week

₴9134
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.
₴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.
₴4717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3807
₴3752
₴4048
₴4577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 676
social contributions
-
-
-
3 312
income
-
-
-
3 600
total
-
-
-
8 588
Employee
17 325
-
24 000
-
income
2 890
-
4 425
-
social contributions
2 391
-
3 312
-
health
1 209
-
1 676
-
total
6 490
-
9 413
-
Employer
17 325
-
24 000
-
total
-
-
-
-
Corporate
6 675
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%.

334
1 200
-
-
total
334
1 200
-
-
Dividends
6 342
22 800
-
-
withholding
951
3 420
-
-
social contributions
891
3 147
-
-
health
451
1 591
-
-
total
2 293
8 158
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 117
9 358
9 413
8 588
After tax
14 883
14 642
14 587
15 412
Living cost
10 835
10 835
10 835
10 835
Free-cash
4 048
3 807
3 752
4 577

Estimated living cost  is ₴10835 per week

₴7251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
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.
₴2666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5641
-₴8613
-₴9470
-₴4592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 836
chamber of commerce
-
-
-
96
income
-
-
-
981
pensions
-
-
-
4 440
unemployment
-
-
-
3 134
surtax
-
-
-
101
total
-
-
-
10 588
Employee
25 536
20 363
20 363
-
unemployment
766
611
554
-
income
2 907
1 502
1 589
-
pensions
2 615
2 085
1 889
-
health
988
788
714
-
other
255
204
184
-
total
7 531
5 190
4 930
-
Employer
25 536
20 363
20 363
-
chamber of commerce
102
81
81
-
surtax
101
101
101
-
payroll
766
611
611
-
unemployment
766
611
554
-
pensions
3 205
2 556
2 316
-
accident
332
265
240
-
other
1 213
967
951
-
health
965
770
697
-
total
7 450
5 962
5 551
-
Corporate
1 939
1 939
16 510
-
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.

485
485
4 128
-
total
485
485
4 128
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 466
11 637
14 609
10 588
After tax
8 534
12 363
9 391
13 412
Living cost
18 004
18 004
18 004
18 004
Free-cash
-9 470
-5 641
-8 613
-4 592

Estimated living cost  is ₴18004 per week

₴12008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1536
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5071
-₴7975
-₴23188
-₴4975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
communal

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

-
-
-
1 303
social contributions
-
-
-
2 281
national
-
-
-
6 761
total
-
-
-
10 345
Employee

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

36 549
-
18 586
-
national
11 237
-
4 536
-
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.

318
-
162
-
communal

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

1 906
-
970
-
pensions

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

2 741
-
1 394
-
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.

1 717
-
873
-
total
17 919
-
7 935
-
Employer

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

36 549
-
18 586
-
surtax
4 144
-
2 108
-
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.

533
-
272
-
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.

3 239
-
1 646
-
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.

475
-
242
-
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.

2 248
-
1 142
-
total
10 639
-
5 410
-
Corporate
-
24 000
-
-
surtax
-
96
-
-
income
-
4 800
-
-
total
-
4 896
-
-
Dividends
-
19 104
-
-
withholding

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

-
5 545
-
-
total
-
5 545
-
-
Income
24 000
24 000
24 000
24 000
Total tax
28 558
10 441
13 345
10 345
After tax
-4 558
13 559
10 655
13 655
Living cost
18 630
18 630
18 630
18 630
Free-cash
-23 188
-5 071
-7 975
-4 975

Estimated living cost  is ₴18630 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2221
-₴4897
-₴9543
-₴5081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 428
pensions
-
-
-
6 792
unemployment
-
-
-
168
other
-
-
-
24
accident
-
-
-
216
total
-
-
-
10 628
Employee
25 434
-
18 198
-
unemployment
395
-
282
-
income
5 367
-
3 486
-
pensions
1 196
-
855
-
other
25
-
18
-
total
6 983
-
4 641
-
Employer
25 434
-
18 198
-
unemployment
1 399
-
1 001
-
pensions
6 002
-
4 295
-
accident
503
-
361
-
other
203
-
146
-
total
8 107
-
5 803
-
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
-
4 168
-
-
total
-
4 168
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 090
7 768
10 444
10 628
After tax
8 910
16 232
13 556
13 372
Living cost
18 453
18 453
18 453
18 453
Free-cash
-9 543
-2 221
-4 897
-5 081

Estimated living cost  is ₴18453 per week

₴13589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12668
-₴11642
-₴19318
-₴11641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 823
communal
-
-
-
-
income
-
-
-
677
pensions
-
-
-
3 890
surtax
-
-
-
1 264
accident
-
-
-
219
total
-
-
-
7 873
Employee
38 695
-
21 094
-
surtax
2 372
-
1 264
-
income
3 738
-
677
-
pensions
3 095
-
1 945
-
health
1 722
-
1 082
-
total
10 927
-
4 968
-
Employer
38 695
-
21 094
-
pensions
3 095
-
1 945
-
accident
348
-
219
-
health
1 180
-
742
-
total
4 623
-
2 906
-
Corporate
-
24 000
-
-
surtax
-
252
-
-
income
-
3 600
-
-
communal
-
1 620
-
-
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
15 550
8 900
7 874
7 873
After tax
8 450
15 100
16 126
16 127
Living cost
27 768
27 768
27 768
27 768
Free-cash
-19 318
-12 668
-11 642
-11 641

Estimated living cost  is ₴27768 per week

₴20830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
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.
₴4961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3619
₴1707
₴1993
₴2301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 704
income
-
-
-
3 476
pensions
-
-
-
4 800
unemployment
-
-
-
116
other
-
-
-
-
surtax
-
-
-
126
total
-
-
-
10 222
Employee
17 207
-
19 827
-
surtax
61
-
110
-
unemployment
1 198
-
1 380
-
income
2 885
-
3 324
-
pensions
1 148
-
1 323
-
health
439
-
506
-
other
-
-
-
-
total
5 731
-
6 643
-
Employer
17 207
-
19 827
-
unemployment
546
-
628
-
pensions
2 294
-
2 643
-
other
-
-
-
-
health
783
-
902
-
total
3 623
-
4 173
-
Corporate
3 170
24 000
-
-
income
824
6 240
-
-
total
824
6 240
-
-
Dividends
2 346
17 760
-
-
withholding
352
2 664
-
-
total
352
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 530
8 904
10 816
10 222
After tax
13 470
15 096
13 184
13 778
Living cost
11 477
11 477
11 477
11 477
Free-cash
1 993
3 619
1 707
2 301

Estimated living cost  is ₴11477 per week

₴6929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3284
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1149
-₴2020
-₴4344
-₴674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
6 173
national
-
-
-
4 232
regional
-
-
-
362
municipal
-
-
-
143
total
-
-
-
10 910
Employee
28 344
-
24 000
-
regional
382
-
323
-
national
4 490
-
3 713
-
municipal
150
-
127
-
social contributions
9 558
-
8 093
-
total
14 580
-
12 256
-
Employer
28 344
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
nationa
-
5 760
-
-
municipal
-
1 193
-
-
total
-
6 953
-
-
Dividends
-
17 048
-
-
withholding
-
4 432
-
-
total
-
4 432
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 580
11 385
12 256
10 910
After tax
9 420
12 615
11 744
13 090
Living cost
13 764
13 764
13 764
13 764
Free-cash
-4 344
-1 149
-2 020
-674

Estimated living cost  is ₴13764 per week

₴8560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
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.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴999
-₴3346
-₴6594
-₴3836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 240
social contributions
-
-
-
7 008
income
-
-
-
2 063
solidarity contribution
-
-
-
-
total
-
-
-
12 311
Employee
22 832
-
17 910
-
income
2 740
-
2 149
-
solidarity contribution
-
-
-
-
social contributions
1 484
-
1 164
-
health
3 082
-
2 418
-
total
7 306
-
5 731
-
Employer
22 832
-
17 910
-
social contributions
5 708
-
4 478
-
health
2 055
-
1 612
-
total
7 763
-
6 090
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 069
7 476
11 821
12 311
After tax
8 931
16 524
12 179
11 689
Living cost
15 525
15 525
15 525
15 525
Free-cash
-6 594
999
-3 346
-3 836

Estimated living cost  is ₴15525 per week

₴11546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴860
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.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3838
-₴6858
-₴5249
-₴2789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 836
chamber of commerce
-
-
-
96
income
-
-
-
981
pensions
-
-
-
4 440
unemployment
-
-
-
3 134
surtax
-
-
-
-
total
-
-
-
10 487
Employee
22 336
20 363
20 363
-
unemployment
670
611
556
-
income
1 990
1 502
1 585
-
pensions
2 287
2 085
1 898
-
health
864
788
718
-
other
223
204
185
-
total
6 034
5 190
4 942
-
Employer
22 336
20 363
20 363
-
chamber of commerce
89
81
81
-
surtax
-
-
-
-
payroll
670
611
611
-
unemployment
670
611
556
-
pensions
2 803
2 556
2 326
-
accident
290
265
240
-
other
1 061
967
951
-
health
845
770
700
-
total
6 428
5 861
5 465
-
Corporate
1 939
1 939
16 595
-
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.

485
485
4 149
-
total
485
485
4 149
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 947
11 536
14 556
10 487
After tax
11 053
12 464
9 444
13 513
Living cost
16 302
16 302
16 302
16 302
Free-cash
-5 249
-3 838
-6 858
-2 789

Estimated living cost  is ₴16302 per week

₴9779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16240
₴12640
₴15010
₴17200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 200
-
24 000
-
income
1 640
-
4 800
-
total
1 640
-
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%.

15 800
24 000
-
-
total
-
-
-
-
Dividends
15 800
24 000
-
-
withholding
790
1 200
-
-
total
790
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 430
1 200
4 800
240
After tax
21 570
22 800
19 200
23 760
Living cost
6 560
6 560
6 560
6 560
Free-cash
15 010
16 240
12 640
17 200

Estimated living cost  is ₴6560 per week

₴4439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2819
-₴1039
-₴2112
-₴279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 361
income
-
-
-
3 794
pensions
-
-
-
4 383
unemployment
-
-
-
36
total
-
-
-
10 574
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.

22 595
-
20 767
-
unemployment
32
-
29
-
income
3 896
-
3 512
-
pensions
3 502
-
3 219
-
health
1 459
-
1 341
-
total
8 889
-
8 101
-
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.

22 595
-
20 767
-
unemployment
14
-
13
-
pensions
1 999
-
1 837
-
health
1 505
-
1 383
-
total
3 518
-
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
12 407
7 476
11 334
10 574
After tax
11 593
16 524
12 666
13 426
Living cost
13 705
13 705
13 705
13 705
Free-cash
-2 112
2 819
-1 039
-279

Estimated living cost  is ₴13705 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
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.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8905
-₴6674
-₴57232
-₴6921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 706
-
-
-
income
7 435
-
-
-
social contributions
2 764
-
394
-
total
10 199
-
394
-
Employer
33 706
-
-
-
social contributions
47 526
-
6 773
-
total
47 526
-
6 773
-
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
57 725
9 398
7 167
7 414
After tax
-33 725
14 602
16 833
16 586
Living cost
23 507
23 507
23 507
23 507
Free-cash
-57 232
-8 905
-6 674
-6 921

Estimated living cost  is ₴23507 per week

₴15253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2211
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2376
-₴2530
-₴5081
-₴2004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 637
surtax
-
-
-
-
total
-
-
-
9 977
Employee
23 500
-
19 394
-
surtax
-
-
-
-
income
4 888
-
3 764
-
social contributions
2 585
-
2 133
-
total
7 473
-
5 897
-
Employer
23 500
-
19 394
-
social contributions
5 581
-
4 606
-
total
5 581
-
4 606
-
Corporate
-
24 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
18 960
-
-
withholding
-
5 309
-
-
total
-
5 309
-
-
Income
24 000
24 000
24 000
24 000
Total tax
13 054
10 349
10 503
9 977
After tax
10 946
13 651
13 497
14 023
Living cost
16 027
16 027
16 027
16 027
Free-cash
-5 081
-2 376
-2 530
-2 004

Estimated living cost  is ₴16027 per week

₴11992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12584
-₴9838
-₴17996
-₴10178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
208
social contributions
-
-
-
685
income
-
-
-
808
pensions
-
-
-
7 054
other
-
-
-
744
surtax
-
-
-
-
total
-
-
-
9 499
Employee
32 003
-
18 288
-
surtax
-
-
-
-
income
2 792
-
858
-
social contributions
911
-
522
-
pensions
3 620
-
2 067
-
total
7 323
-
3 447
-
Employer
32 003
-
18 288
-
unemployment
1 296
-
741
-
pensions
5 258
-
3 005
-
social contributions
96
-
55
-
other
1 104
-
631
-
health
2 240
-
1 280
-
total
9 994
-
5 712
-
Corporate
-
24 000
-
-
surtax
-
-
-
-
income
-
6 720
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
withholding
-
2 212
-
-
surtax
-
-
-
-
social contributions
-
2 973
-
-
total
-
5 185
-
-
Income
24 000
24 000
24 000
24 000
Total tax
17 317
11 905
9 159
9 499
After tax
6 683
12 095
14 841
14 501
Living cost
24 679
24 679
24 679
24 679
Free-cash
-17 996
-12 584
-9 838
-10 178

Estimated living cost  is ₴24679 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6241
₴4070
₴4525
₴3361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 427
-
20 779
-
social contributions
1 068
-
1 351
-
income
-
-
-
-
total
1 068
-
1 351
-
Employer
16 427
-
20 779
-
social contributions
2 546
-
3 220
-
total
2 546
-
3 220
-
Corporate
5 027
24 000
-
-
income
502
2 400
-
-
total
502
2 400
-
-
Dividends
4 525
21 600
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
4 116
2 400
4 571
5 280
After tax
19 884
21 600
19 429
18 720
Living cost
15 359
15 359
15 359
15 359
Free-cash
4 525
6 241
4 070
3 361

Estimated living cost  is ₴15359 per week

₴9931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
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.
₴3981
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴87169
-₴87169
-₴87169
-₴8653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
labour market
-
-
-
1 885
national
-
-
-
2 133
pensions
-
-
-
442
municipal
-
-
-
3 620
total
-
-
-
8 080
Employee
103 717
103 717
103 717
-
national
12 671
12 671
12 671
-
labour market
8 286
8 286
8 286
-
municipal
22 086
22 086
22 086
-
pensions
147
147
147
-
total
43 190
43 190
43 190
-
Employer
103 717
103 717
103 717
-
national
12 693
12 693
12 693
-
pensions
295
295
295
-
labour market
8 297
8 297
8 297
-
municipal
22 121
22 121
22 121
-
total
43 406
43 406
43 406
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
86 596
86 596
86 596
8 080
After tax
-62 596
-62 596
-62 596
15 920
Living cost
24 573
24 573
24 573
24 573
Free-cash
-87 169
-87 169
-87 169
-8 653

Estimated living cost  is ₴24573 per week

₴16818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9205
₴1525
₴233
₴5497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 122
income
-
-
-
3 771
pensions
-
-
-
2 140
other
-
-
-
191
accident
-
-
-
130
total
-
-
-
7 354
Employee
17 537
-
19 937
-
income
2 406
-
2 735
-
pensions
1 975
-
2 245
-
health
2 008
-
2 283
-
total
6 389
-
7 263
-
Employer
17 537
-
19 937
-
unemployment
430
-
488
-
pensions
2 852
-
3 242
-
accident
293
-
333
-
total
3 575
-
4 063
-
Corporate
2 888
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.

2 599
21 600
-
-
total
2 599
21 600
-
-
Dividends
289
2 400
-
-
withholding
55
456
-
-
total
55
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 618
22 056
11 326
7 354
After tax
11 382
1 944
12 674
16 646
Living cost
11 149
11 149
11 149
11 149
Free-cash
233
-9 205
1 525
5 497

Estimated living cost  is ₴11149 per week

₴8115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
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.
₴2189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3009
-₴4588
-₴7955
-₴471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
health
-
-
-
156
national
-
-
-
406
municipal
-
-
-
4 292
total
-
-
-
4 854
Employee
26 883
-
20 190
-
national
444
-
81
-
unemployment
403
-
303
-
municipal
4 403
-
3 317
-
pensions
1 814
-
1 363
-
health
201
-
98
-
total
7 265
-
5 162
-
Employer
26 883
-
20 190
-
unemployment
175
-
131
-
pensions
4 664
-
3 503
-
accident
27
-
20
-
health
207
-
155
-
total
5 073
-
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
12 338
7 392
8 971
4 854
After tax
11 662
16 608
15 029
19 146
Living cost
19 617
19 617
19 617
19 617
Free-cash
-7 955
-3 009
-4 588
-471

Estimated living cost  is ₴19617 per week

₴12814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴616
₴3619
₴3112
₴7667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
612
social contributions
-
-
-
3 744
income
-
-
-
147
total
-
-
-
4 503
Employee
39 291
39 291
39 291
-
income
4 278
3 637
4 162
-
social contributions
1 486
3 261
1 808
-
health
304
668
370
-
total
6 068
7 566
6 340
-
Employer
39 291
39 291
39 291
-
social contributions
1 486
3 261
1 808
-
health
331
727
403
-
total
1 817
3 988
2 211
-
Corporate
4 286
-
-
-
income
535
-
-
-
total
535
-
-
-
Dividends
3 750
-
-
-
withholding
638
-
-
-
total
638
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 058
11 554
8 551
4 503
After tax
14 942
12 446
15 449
19 497
Living cost
11 830
11 830
11 830
11 830
Free-cash
3 112
616
3 619
7 667

Estimated living cost  is ₴11830 per week

₴7090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
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.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11762
₴6784
₴9161
₴8876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 849
income
-
-
-
1 897
pensions
-
-
-
3 250
unemployment
-
-
-
15
total
-
-
-
7 011
Employee

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

11 728
-
21 759
-
unemployment
58
-
109
-
income
802
-
1 639
-
pensions
1 759
-
3 264
-
health
997
-
1 849
-
total
3 616
-
6 861
-
Employer

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

11 728
-
21 759
-
unemployment
58
-
109
-
pensions
645
-
1 197
-
health
504
-
936
-
total
1 207
-
2 242
-
Corporate
11 064
24 000
-
-
income
996
2 160
-
-
total
996
2 160
-
-
Dividends
10 069
21 840
-
-
withholding
907
1 965
-
-
total
907
1 965
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 726
4 125
9 103
7 011
After tax
17 274
19 875
14 897
16 989
Living cost
8 113
8 113
8 113
8 113
Free-cash
9 161
11 762
6 784
8 876

Estimated living cost  is ₴8113 per week

₴5176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2181
-₴495
-₴914
-₴679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 428
pensions
-
-
-
6 792
unemployment
-
-
-
168
other
-
-
-
24
accident
-
-
-
216
total
-
-
-
10 628
Employee
18 893
-
18 198
-
unemployment
293
-
282
-
income
3 642
-
3 486
-
pensions
888
-
855
-
other
18
-
18
-
total
4 841
-
4 641
-
Employer
18 893
-
18 198
-
unemployment
1 039
-
1 001
-
pensions
4 458
-
4 295
-
accident
374
-
361
-
other
151
-
146
-
total
6 022
-
5 803
-
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
-
4 168
-
-
total
-
4 168
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 863
7 768
10 444
10 628
After tax
13 137
16 232
13 556
13 372
Living cost
14 051
14 051
14 051
14 051
Free-cash
-914
2 181
-495
-679

Estimated living cost  is ₴14051 per week

₴9484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14026
₴14025
₴13871
₴14092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
502
income
-
-
-
7 763
pensions
-
-
-
693
total
-
-
-
8 958
Employee
1 447
-
23 221
-
unemployment
14
-
35
-
income
280
-
7 726
-
pensions
130
-
312
-
health
72
-
173
-
total
496
-
8 246
-
Employer
1 447
-
23 221
-
unemployment
29
-
69
-
pensions
159
-
381
-
health
137
-
329
-
total
325
-
779
-
Corporate
22 228
24 000
-
-
income
4 890
5 280
-
-
total
4 890
5 280
-
-
Dividends
17 338
18 720
-
-
withholding
3 468
3 744
-
-
total
3 468
3 744
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 179
9 024
9 025
8 958
After tax
14 821
14 976
14 975
15 042
Living cost
950
950
950
950
Free-cash
13 871
14 026
14 025
14 092

Estimated living cost  is ₴950 per week

₴564
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
₴8523
₴4241
₴6014
₴3209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 472
income
-
-
-
2 902
pensions
-
-
-
6 240
unemployment
-
-
-
360
total
-
-
-
11 974
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.

13 296
-
20 356
-
unemployment
100
-
153
-
income
1 833
-
3 247
-
pensions
1 861
-
2 850
-
health
685
-
1 048
-
total
4 479
-
7 298
-
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.

13 296
-
20 356
-
unemployment
100
-
153
-
pensions
1 595
-
2 443
-
health
685
-
1 048
-
total
2 380
-
3 644
-
Corporate
8 324
24 000
-
-
income
1 249
3 600
-
-
total
1 249
3 600
-
-
Dividends
7 076
20 400
-
-
withholding
1 061
3 060
-
-
total
1 061
3 060
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 169
6 660
10 942
11 974
After tax
14 831
17 340
13 058
12 026
Living cost
8 817
8 817
8 817
8 817
Free-cash
6 014
8 523
4 241
3 209

Estimated living cost  is ₴8817 per week

₴5937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1943
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴124
-₴278
-₴542
₴248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 637
surtax
-
-
-
-
total
-
-
-
9 977
Employee
19 832
-
19 394
-
surtax
-
-
-
-
income
3 875
-
3 764
-
social contributions
2 182
-
2 133
-
total
6 057
-
5 897
-
Employer
19 832
-
19 394
-
social contributions
4 710
-
4 606
-
total
4 710
-
4 606
-
Corporate
-
24 000
-
-
surtax
-
-
-
-
income
-
5 040
-
-
total
-
5 040
-
-
Dividends
-
18 960
-
-
withholding
-
5 309
-
-
total
-
5 309
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 767
10 349
10 503
9 977
After tax
13 233
13 651
13 497
14 023
Living cost
13 775
13 775
13 775
13 775
Free-cash
-542
-124
-278
248

Estimated living cost  is ₴13775 per week

₴9757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1725
-₴4401
-₴8546
-₴4585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 428
pensions
-
-
-
6 792
unemployment
-
-
-
168
other
-
-
-
24
accident
-
-
-
216
total
-
-
-
10 628
Employee
24 677
-
18 198
-
unemployment
382
-
282
-
income
5 154
-
3 486
-
pensions
1 160
-
855
-
other
24
-
18
-
total
6 720
-
4 641
-
Employer
24 677
-
18 198
-
unemployment
1 358
-
1 001
-
pensions
5 824
-
4 295
-
accident
489
-
361
-
other
198
-
146
-
total
7 869
-
5 803
-
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
-
4 168
-
-
total
-
4 168
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 589
7 768
10 444
10 628
After tax
9 411
16 232
13 556
13 372
Living cost
17 957
17 957
17 957
17 957
Free-cash
-8 546
-1 725
-4 401
-4 585

Estimated living cost  is ₴17957 per week

₴12896
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.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11807
₴7201
₴8720
₴6964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 034
income
-
-
-
3 600
pensions

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

-
-
-
2 618
unemployment
-
-
-
71
total
-
-
-
8 323
Employee
11 537
-
20 529
-
income
1 154
-
2 053
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 013
-
1 553
-
health
531
-
814
-
total
2 825
-
4 615
-
Employer
11 537
-
20 529
-
unemployment
69
-
106
-
pensions

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

1 271
-
1 949
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
health
796
-
1 221
-
total
2 263
-
3 471
-
Corporate
10 200
24 000
-
-
income
1 020
2 400
-
-
total
1 020
2 400
-
-
Dividends
9 180
21 600
-
-
withholding
459
1 080
-
-
total
459
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 567
3 480
8 086
8 323
After tax
17 433
20 520
15 914
15 677
Living cost
8 713
8 713
8 713
8 713
Free-cash
8 720
11 807
7 201
6 964

Estimated living cost  is ₴8713 per week

₴5762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7266
-₴1015
-₴1424
-₴1050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 491
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.

-
-
-
1 703
trade
-
-
-
35
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.

-
-
-
94
total
-
-
-
5 323
Employee

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

25 424
-
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.

115
-
94
-
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.

2 091
-
1 703
-
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.

3 491
-
3 491
-
total
5 697
-
5 288
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
trade
-
3 444
-
-
chamber of commerce
-
112
-
-
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
-
-
income
-
3 600
-
-
total
-
7 354
-
-
Dividends
-
16 645
-
-
withholding
-
3 967
-
-
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
-
4 185
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 697
11 539
5 288
5 323
After tax
18 303
12 461
18 712
18 677
Living cost
19 727
19 727
19 727
19 727
Free-cash
-1 424
-7 266
-1 015
-1 050

Estimated living cost  is ₴19727 per week

₴13608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
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.
₴3710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12307
-₴9871
-₴15970
-₴9871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 200
social contributions
-
-
-
1 564
total
-
-
-
4 764
Employee
39 969
-
24 000
-
social contributions
3 321
-
1 564
-
income
7 542
-
3 200
-
total
10 863
-
4 764
-
Employer
39 969
-
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
10 863
7 200
4 764
4 764
After tax
13 137
16 800
19 236
19 236
Living cost
29 107
29 107
29 107
29 107
Free-cash
-15 970
-12 307
-9 871
-9 871

Estimated living cost  is ₴29107 per week

₴22144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5288
-₴1098
-₴3312
-₴12253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 160
income
-
-
-
14 545
total
-
-
-
17 705
Employee
23 440
-
21 814
-
social contributions
2 348
-
2 186
-
income
2 543
-
2 178
-
total
4 891
-
4 364
-
Employer
23 440
-
21 814
-
social contributions
2 348
-
2 186
-
total
2 348
-
2 186
-
Corporate
-
24 000
-
-
income
-
8 400
-
-
total
-
8 400
-
-
Dividends
-
15 600
-
-
social contributions
1 525
2 340
-
-
total
1 525
2 340
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 764
10 740
6 550
17 705
After tax
15 236
13 260
17 450
6 295
Living cost
18 548
18 548
18 548
18 548
Free-cash
-3 312
-5 288
-1 098
-12 253

Estimated living cost  is ₴18548 per week

₴12218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1462
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.
₴4584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴961
-₴3044
-₴5123
-₴790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 539
pensions
-
-
-
1 308
total
-
-
-
5 847
Employee
26 002
-
21 574
-
income
4 735
-
3 975
-
pensions
1 985
-
1 453
-
health
339
-
248
-
total
7 059
-
5 676
-
Employer
26 002
-
21 574
-
pensions
2 627
-
2 015
-
health
494
-
410
-
total
3 121
-
2 425
-
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
10 180
6 018
8 101
5 847
After tax
13 820
17 982
15 899
18 153
Living cost
18 943
18 943
18 943
18 943
Free-cash
-5 123
-961
-3 044
-790

Estimated living cost  is ₴18943 per week

₴12995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1742
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.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10308
₴422
₴65
₴4394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 122
income
-
-
-
3 771
pensions
-
-
-
2 140
other
-
-
-
191
accident
-
-
-
130
total
-
-
-
7 354
Employee
19 273
-
19 937
-
income
2 644
-
2 735
-
pensions
2 170
-
2 245
-
health
2 207
-
2 283
-
total
7 021
-
7 263
-
Employer
19 273
-
19 937
-
unemployment
472
-
488
-
pensions
3 134
-
3 242
-
accident
322
-
333
-
total
3 928
-
4 063
-
Corporate
799
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.

719
21 600
-
-
total
719
21 600
-
-
Dividends
80
2 400
-
-
withholding
15
456
-
-
total
15
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 683
22 056
11 326
7 354
After tax
12 317
1 944
12 674
16 646
Living cost
12 252
12 252
12 252
12 252
Free-cash
65
-10 308
422
4 394

Estimated living cost  is ₴12252 per week

₴8992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
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.
₴2300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13505
₴7545
₴11024
₴7545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
120
income
-
-
-
2 960
health insurance
-
-
-
1 776
pensions
-
-
-
4 416
unemployment
-
-
-
288
total
-
-
-
9 560
Employee

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

11 032
-
24 000
-
unemployment
132
-
288
-
work injury
55
-
120
-
income
1 103
-
2 960
-
health insurance
816
-
1 776
-
pensions
2 030
-
4 416
-
total
4 136
-
9 560
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 968
24 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
12 968
24 000
-
-
withholding
1 945
3 600
-
-
total
1 945
3 600
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 081
3 600
9 560
9 560
After tax
17 919
20 400
14 440
14 440
Living cost
6 895
6 895
6 895
6 895
Free-cash
11 024
13 505
7 545
7 545

Estimated living cost  is ₴6895 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
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.
₴1907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₴7715
-₴8594
-₴19058
-₴7262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
6 173
national
-
-
-
4 232
regional
-
-
-
341
municipal
-
-
-
160
total
-
-
-
10 906
Employee
43 057
-
24 000
-
regional
650
-
288
-
national
7 276
-
3 713
-
municipal
257
-
144
-
social contributions
14 519
-
8 093
-
total
22 702
-
12 238
-
Employer
43 057
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
nationa
-
5 760
-
-
municipal
-
1 157
-
-
total
-
6 917
-
-
Dividends
-
17 084
-
-
withholding
-
4 442
-
-
total
-
4 442
-
-
Income
24 000
24 000
24 000
24 000
Total tax
22 702
11 359
12 238
10 906
After tax
1 298
12 641
11 762
13 094
Living cost
20 356
20 356
20 356
20 356
Free-cash
-19 058
-7 715
-8 594
-7 262

Estimated living cost  is ₴20356 per week

₴14298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴4349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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