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
-₴2901
₴3566
₴3439
₴2618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
income

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

-
-
-
1 816
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.

-
-
-
99
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.

-
-
-
3 408
trade
-
-
-
127
total
-
-
-
5 450
Employee

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

19 082
-
24 000
-
surtax

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

29
-
99
-
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.

533
-
1 816
-
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.

3 408
-
3 408
-
total
3 970
-
5 323
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 918
24 000
-
-
income
738
3 600
-
-
surtax

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

41
198
-
-
chamber of commerce
82
110
-
-
trade
774
3 780
-
-
total
1 635
7 688
-
-
Dividends
3 283
16 312
-
-
surtax

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

35
214
-
-
withholding
631
3 888
-
-
total
666
4 102
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 271
11 790
5 323
5 450
After tax
17 729
12 210
18 677
18 550
Living cost
15 111
15 111
15 111
15 111
Free-cash
2 618
-2 901
3 566
3 439

Estimated living cost  is ₴15111 per week

₴9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1762
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11638
-₴11031
-₴11219
-₴21001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
258
municipal
-
-
-
2 144
national
-
-
-
3 323
pensions
-
-
-
2 880
total
-
-
-
8 605
Employee
41 256
-
20 748
-
municipal
5 096
-
2 237
-
pensions
1 650
-
830
-
national
7 896
-
3 467
-
total
14 642
-
6 534
-
Employer
41 256
-
20 748
-
pensions
3 301
-
1 660
-
social contributions
444
-
223
-
total
3 745
-
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
18 387
9 024
8 417
8 605
After tax
5 613
14 976
15 583
15 395
Living cost
26 614
26 614
26 614
26 614
Free-cash
-21 001
-11 638
-11 031
-11 219

Estimated living cost  is ₴26614 per week

₴18089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8821
₴3393
₴8450
₴4728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
24 000
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 571
microenterprise
-
-
-
3 600
total
-
-
-
5 171
Employee
14 578
-
19 341
-
surtax
-
-
-
-
social contributions

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

1 604
-
2 127
-
income
2 595
-
3 442
-
total
4 199
-
5 569
-
Employer
14 578
-
19 341
-
social contributions

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

3 512
-
4 659
-
surtax
-
-
-
-
total
3 512
-
4 659
-
Corporate
5 910
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%.

1 182
4 800
-
-
total
1 182
4 800
-
-
Dividends

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

4 728
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 893
4 800
10 228
5 171
After tax
15 107
19 200
13 772
18 829
Living cost
10 379
10 379
10 379
10 379
Free-cash
4 728
8 821
3 393
8 450

Estimated living cost  is ₴10379 per week

₴6622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴988
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.
₴2534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22741
-₴25542
-₴7132
-₴25542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 228
health
-
-
-
3 684
pensions
-
-
-
4 320
total
-
-
-
10 232
Employee
42 604
42 604
42 604
-
pensions
7 669
5 845
7 669
-
income

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

6 974
6 974
6 974
-
health
6 539
5 562
6 539
-
total
21 182
18 381
21 182
-
Employer
42 604
42 604
42 604
-
health
2 961
2 961
2 961
-
pensions
2 965
2 965
2 965
-
unemployment
1 534
1 534
1 534
-
total
7 460
7 460
7 460
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
28 642
25 841
28 642
10 232
After tax
-4 642
-1 841
-4 642
13 768
Living cost
20 900
20 900
20 900
20 900
Free-cash
-25 542
-22 741
-25 542
-7 132

Estimated living cost  is ₴20900 per week

₴14811
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7040
-₴7328
-₴8181
-₴13721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
48
other
-
-
-
2 789
unemployment
-
-
-
24
health
-
-
-
1 498
municipal
-
-
-
5 084
national
-
-
-
-
pensions
-
-
-
2 594
total
-
-
-
12 037
Employee
28 704
-
18 262
-
municipal
8 559
-
5 446
-
national
-
-
-
-
total
8 559
-
5 446
-
Employer
28 704
-
18 262
-
health
1 765
-
1 123
-
pensions
3 103
-
1 974
-
accident
57
-
37
-
unemployment
758
-
482
-
other
3 335
-
2 122
-
total
9 018
-
5 738
-
Corporate
-
24 000
-
-
income
-
5 280
-
-
total
-
5 280
-
-
Dividends
-
18 720
-
-
withholding
-
5 616
-
-
total
-
5 616
-
-
Income
24 000
24 000
24 000
24 000
Total tax
17 577
10 896
11 184
12 037
After tax
6 423
13 104
12 816
11 963
Living cost
20 144
20 144
20 144
20 144
Free-cash
-13 721
-7 040
-7 328
-8 181

Estimated living cost  is ₴20144 per week

₴13351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7513
-₴922
-₴1055
-₴1300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
income

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

-
-
-
1 816
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.

-
-
-
99
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.

-
-
-
3 408
trade
-
-
-
133
total
-
-
-
5 456
Employee

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

25 300
-
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.

119
-
99
-
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.

2 174
-
1 816
-
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.

3 408
-
3 408
-
total
5 701
-
5 323
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
surtax

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

-
198
-
-
chamber of commerce
-
110
-
-
trade
-
3 948
-
-
total
-
7 856
-
-
Dividends
-
16 145
-
-
surtax

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

-
211
-
-
withholding
-
3 847
-
-
total
-
4 058
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 701
11 914
5 323
5 456
After tax
18 299
12 086
18 677
18 544
Living cost
19 599
19 599
19 599
19 599
Free-cash
-1 300
-7 513
-922
-1 055

Estimated living cost  is ₴19599 per week

₴13108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴3463
-₴619
₴3225
-₴736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
237
social contributions
-
-
-
3 744
health
-
-
-
612
total
-
-
-
4 593
Employee
38 363
38 363
38 363
-
social contributions
1 864
3 184
1 808
-
income
4 028
3 551
4 048
-
health
382
652
370
-
total
6 274
7 387
6 226
-
Employer
38 363
38 363
38 363
-
health
416
710
403
-
social contributions
1 864
3 184
1 808
-
total
2 280
3 894
2 211
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 554
11 281
8 437
4 593
After tax
15 446
12 719
15 563
19 407
Living cost
16 182
16 182
16 182
16 182
Free-cash
-736
-3 463
-619
3 225

Estimated living cost  is ₴16182 per week

₴11062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4677
₴4978
₴7690
₴4864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 899
5 134
20 084
-
unemployment
193
77
301
-
pensions
1 290
513
2 008
-
income
1 577
628
2 455
-
health
903
359
1 406
-
total
3 963
1 577
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.

12 899
5 134
20 084
-
pensions
2 515
1 001
3 916
-
total
2 515
1 001
3 916
-
Corporate
8 586
17 865
-
-
income
773
1 608
-
-
total
773
1 608
-
-
Dividends
7 813
16 257
-
-
social contributions
1 465
3 112
-
-
withholding
1 484
3 089
-
-
total
2 949
6 201
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 200
10 387
10 086
7 374
After tax
13 800
13 613
13 914
16 626
Living cost
8 936
8 936
8 936
8 936
Free-cash
4 864
4 677
4 978
7 690

Estimated living cost  is ₴8936 per week

₴6098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7150
₴2512
₴1678
₴4050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 352
health
-
-
-
3 120
pensions
-
-
-
4 800
total
-
-
-
10 272
Employee
14 153
-
17 937
-
unemployment
226
-
287
-
pensions
283
-
359
-
income
1 593
-
2 729
-
total
2 102
-
3 375
-
Employer
14 153
-
17 937
-
health
1 840
-
2 332
-
pensions
2 831
-
3 587
-
unemployment
114
-
144
-
total
4 785
-
6 063
-
Corporate
5 063
24 000
-
-
income
1 013
4 800
-
-
total
1 013
4 800
-
-
Dividends
4 050
19 200
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 900
4 800
9 438
10 272
After tax
16 100
19 200
14 562
13 728
Living cost
12 050
12 050
12 050
12 050
Free-cash
4 050
7 150
2 512
1 678

Estimated living cost  is ₴12050 per week

₴8265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9192
₴1537
₴5505
₴237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
128
income
-
-
-
3 833
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
7 359
Employee
17 518
-
19 937
-
pensions
1 973
-
2 245
-
income
2 403
-
2 735
-
health
2 006
-
2 283
-
total
6 382
-
7 263
-
Employer
17 518
-
19 937
-
pensions
2 848
-
3 242
-
accident
292
-
333
-
unemployment
429
-
489
-
total
3 569
-
4 064
-
Corporate
2 912
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.

2 621
21 600
-
-
total
2 621
21 600
-
-
Dividends
291
2 400
-
-
withholding
55
456
-
-
total
55
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 627
22 056
11 327
7 359
After tax
11 373
1 944
12 673
16 641
Living cost
11 136
11 136
11 136
11 136
Free-cash
237
-9 192
1 537
5 505

Estimated living cost  is ₴11136 per week

₴8162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18780
₴15180
₴19740
₴18026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 025
-
24 000
-
income
1 005
-
4 800
-
total
1 005
-
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%.

18 975
24 000
-
-
total
-
-
-
-
Dividends
18 975
24 000
-
-
withholding
949
1 200
-
-
total
949
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
1 954
1 200
4 800
240
After tax
22 046
22 800
19 200
23 760
Living cost
4 020
4 020
4 020
4 020
Free-cash
18 026
18 780
15 180
19 740

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4339
₴775
-₴299
₴968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 049
other
-
-
-
1 140
health
-
-
-
1 056
pensions

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

-
-
-
5 760
total
-
-
-
11 005
Employee
18 114
-
19 170
-
unemployment
181
-
191
-
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.

1 268
-
1 342
-
income
3 119
-
3 300
-
health
254
-
268
-
total
4 822
-
5 101
-
Employer
18 114
-
19 170
-
health
254
-
268
-
pensions

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

3 080
-
3 259
-
accident
145
-
153
-
unemployment
181
-
191
-
other
906
-
959
-
total
4 566
-
4 830
-
Corporate
1 320
24 000
-
-
income
277
5 040
-
-
total
277
5 040
-
-
Dividends
1 043
18 960
-
-
withholding
73
1 327
-
-
total
73
1 327
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 738
6 367
9 931
11 005
After tax
14 262
17 633
14 069
12 995
Living cost
13 294
13 294
13 294
13 294
Free-cash
968
4 339
775
-299

Estimated living cost  is ₴13294 per week

₴9393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15531
-₴17643
-₴15372
-₴29914
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 536
pensions
-
-
-
1 323
total
-
-
-
5 859
Employee
47 416
-
21 560
-
pensions
4 574
-
1 471
-
income
8 547
-
3 967
-
health
781
-
252
-
total
13 902
-
5 690
-
Employer
47 416
-
21 560
-
health
901
-
409
-
pensions
5 598
-
2 031
-
total
6 499
-
2 440
-
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
20 401
6 018
8 130
5 859
After tax
3 599
17 982
15 870
18 141
Living cost
33 513
33 513
33 513
33 513
Free-cash
-29 914
-15 531
-17 643
-15 372

Estimated living cost  is ₴33513 per week

₴25112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13977
₴9454
₴9203
₴11661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 600
unemployment
-
-
-
70
health
-
-
-
2 004
pensions

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

-
-
-
2 580
total
-
-
-
8 254
Employee
8 663
-
20 580
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

761
-
1 530
-
income
866
-
2 058
-
health
398
-
802
-
total
2 120
-
4 582
-
Employer
8 663
-
20 580
-
health
598
-
1 203
-
pensions

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

955
-
1 921
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
unemployment
52
-
105
-
total
1 700
-
3 421
-
Corporate
13 637
24 000
-
-
income
1 363
2 400
-
-
total
1 363
2 400
-
-
Dividends
12 273
21 600
-
-
withholding
613
1 080
-
-
total
613
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 796
3 480
8 003
8 254
After tax
18 204
20 520
15 997
15 746
Living cost
6 543
6 543
6 543
6 543
Free-cash
11 661
13 977
9 454
9 203

Estimated living cost  is ₴6543 per week

₴3820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29506
-₴32307
-₴13897
-₴30352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 228
health
-
-
-
3 684
pensions
-
-
-
4 320
total
-
-
-
10 232
Employee
46 254
42 604
42 604
-
pensions
5 845
5 845
7 669
-
income

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

6 974
6 974
6 974
-
health
5 770
5 562
6 539
-
total
18 589
18 381
21 182
-
Employer
46 254
42 604
42 604
-
health
3 214
2 961
2 961
-
pensions
3 219
2 965
2 965
-
unemployment
1 665
1 534
1 534
-
total
8 098
7 460
7 460
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
26 687
25 841
28 642
10 232
After tax
-2 687
-1 841
-4 642
13 768
Living cost
27 665
27 665
27 665
27 665
Free-cash
-30 352
-29 506
-32 307
-13 897

Estimated living cost  is ₴27665 per week

₴20407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4333
-₴12
-₴502
-₴23
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 063
social contributions
-
-
-
7 008
solidarity contribution
-
-
-
-
health
-
-
-
3 240
total
-
-
-
12 311
Employee
17 928
-
17 910
-
solidarity contribution
-
-
-
-
social contributions
1 165
-
1 164
-
income
2 151
-
2 149
-
health
2 420
-
2 418
-
total
5 736
-
5 731
-
Employer
17 928
-
17 910
-
health
1 614
-
1 612
-
social contributions
4 482
-
4 478
-
total
6 096
-
6 090
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 832
7 476
11 821
12 311
After tax
12 168
16 524
12 179
11 689
Living cost
12 191
12 191
12 191
12 191
Free-cash
-23
4 333
-12
-502

Estimated living cost  is ₴12191 per week

₴8468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8247
-₴9199
-₴7845
-₴20339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
6 173
regional
-
-
-
232
municipal
-
-
-
143
national
-
-
-
4 245
total
-
-
-
10 793
Employee
44 339
-
24 000
-
municipal
235
-
127
-
national
7 683
-
3 726
-
regional
418
-
201
-
social contributions
14 951
-
8 093
-
total
23 287
-
12 147
-
Employer
44 339
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
936
-
-
nationa
-
5 760
-
-
total
-
6 696
-
-
Dividends
-
17 304
-
-
withholding
-
4 499
-
-
total
-
4 499
-
-
Income
24 000
24 000
24 000
24 000
Total tax
23 287
11 195
12 147
10 793
After tax
713
12 805
11 853
13 207
Living cost
21 052
21 052
21 052
21 052
Free-cash
-20 339
-8 247
-9 199
-7 845

Estimated living cost  is ₴21052 per week

₴14675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4087
₴2171
₴2764
₴2536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 476
other
-
-
-
-
surtax
-
-
-
133
unemployment
-
-
-
114
health
-
-
-
1 704
pensions
-
-
-
4 800
total
-
-
-
10 227
Employee
16 498
-
19 826
-
other
-
-
-
-
unemployment
1 148
-
1 379
-
pensions
1 100
-
1 323
-
surtax
54
-
116
-
income
2 765
-
3 324
-
health
421
-
506
-
total
5 488
-
6 648
-
Employer
16 498
-
19 826
-
health
751
-
901
-
pensions
2 199
-
2 642
-
unemployment
523
-
629
-
other
-
-
-
-
total
3 473
-
4 172
-
Corporate
4 029
24 000
-
-
income
1 047
6 240
-
-
total
1 047
6 240
-
-
Dividends
2 982
17 760
-
-
withholding
447
2 664
-
-
total
447
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 455
8 904
10 820
10 227
After tax
13 545
15 096
13 180
13 773
Living cost
11 009
11 009
11 009
11 009
Free-cash
2 536
4 087
2 171
2 764

Estimated living cost  is ₴11009 per week

₴6731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4913
-₴7025
-₴4754
-₴11820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 536
pensions
-
-
-
1 323
total
-
-
-
5 859
Employee
31 777
-
21 560
-
pensions
2 697
-
1 471
-
income
5 723
-
3 967
-
health
461
-
252
-
total
8 881
-
5 690
-
Employer
31 777
-
21 560
-
health
604
-
409
-
pensions
3 440
-
2 031
-
total
4 044
-
2 440
-
Corporate
-
24 000
-
-
income

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

-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
1 458
-
-
total
-
1 458
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 925
6 018
8 130
5 859
After tax
11 075
17 982
15 870
18 141
Living cost
22 895
22 895
22 895
22 895
Free-cash
-11 820
-4 913
-7 025
-4 754

Estimated living cost  is ₴22895 per week

₴17153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴28475
-₴20434
-₴19003
-₴26565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
other

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

-
-
-
480
regional
-
-
-
433
health
-
-
-
129
city
-
-
-
252
national
-
-
-
50
pensions
-
-
-
2 209
total
-
-
-
3 553
Employee
46 167
-
21 367
-
unemployment
-
-
-
-
pensions
3 879
-
1 923
-
national
219
-
34
-
regional
1 512
-
352
-
city
495
-
228
-
health
104
-
48
-
total
6 209
-
2 585
-
Employer
46 167
-
21 367
-
health
104
-
48
-
pensions
3 879
-
1 923
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

923
-
428
-
total
4 906
-
2 399
-
Corporate
-
24 000
-
-
regional
-
5 076
-
-
national
-
2 040
-
-
total
-
7 116
-
-
Dividends
-
16 884
-
-
withholding
-
5 909
-
-
total
-
5 909
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 115
13 025
4 984
3 553
After tax
12 885
10 975
19 016
20 447
Living cost
39 450
39 450
39 450
39 450
Free-cash
-26 565
-28 475
-20 434
-19 003

Estimated living cost  is ₴39450 per week

₴25654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3540
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10893
-₴4178
-₴4316
-₴5983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
income

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

-
-
-
1 816
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.

-
-
-
99
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.

-
-
-
3 408
trade
-
-
-
138
total
-
-
-
5 461
Employee

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

29 983
-
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.

194
-
99
-
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.

3 526
-
1 816
-
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.

3 408
-
3 408
-
total
7 128
-
5 323
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
surtax

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

-
198
-
-
chamber of commerce
-
110
-
-
trade
-
4 116
-
-
total
-
8 024
-
-
Dividends
-
15 977
-
-
surtax

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

-
209
-
-
withholding
-
3 805
-
-
total
-
4 014
-
-
Income
24 000
24 000
24 000
24 000
Total tax
7 128
12 038
5 323
5 461
After tax
16 872
11 962
18 677
18 539
Living cost
22 855
22 855
22 855
22 855
Free-cash
-5 983
-10 893
-4 178
-4 316

Estimated living cost  is ₴22855 per week

₴16692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4973
-₴2261
-₴2582
-₴4020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
842
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
685
health
-
-
-
207
pensions
-
-
-
7 035
total
-
-
-
9 513
Employee
21 352
-
18 289
-
pensions
2 414
-
2 069
-
surtax
-
-
-
-
social contributions
609
-
522
-
income
1 260
-
890
-
total
4 283
-
3 481
-
Employer
21 352
-
18 289
-
health
1 495
-
1 280
-
pensions
3 508
-
3 005
-
unemployment
864
-
740
-
social contributions
64
-
55
-
other
737
-
631
-
total
6 668
-
5 711
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 972
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 951
11 904
9 192
9 513
After tax
13 049
12 096
14 808
14 487
Living cost
17 069
17 069
17 069
17 069
Free-cash
-4 020
-4 973
-2 261
-2 582

Estimated living cost  is ₴17069 per week

₴10763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1388
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.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3282
-₴570
-₴891
-₴1013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
842
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
685
health
-
-
-
207
pensions
-
-
-
7 035
total
-
-
-
9 513
Employee
19 060
-
18 289
-
pensions
2 156
-
2 069
-
surtax
-
-
-
-
social contributions
543
-
522
-
income
983
-
890
-
total
3 682
-
3 481
-
Employer
19 060
-
18 289
-
health
1 334
-
1 280
-
pensions
3 132
-
3 005
-
unemployment
772
-
740
-
social contributions
57
-
55
-
other
658
-
631
-
total
5 953
-
5 711
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 972
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 635
11 904
9 192
9 513
After tax
14 365
12 096
14 808
14 487
Living cost
15 378
15 378
15 378
15 378
Free-cash
-1 013
-3 282
-570
-891

Estimated living cost  is ₴15378 per week

₴8918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1562
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.
₴4606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4064
₴3983
₴4834
₴4322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 600
social contributions
-
-
-
3 312
health
-
-
-
1 675
total
-
-
-
8 587
Employee
16 916
-
24 000
-
social contributions
2 335
-
3 312
-
income
2 821
-
4 451
-
health
1 181
-
1 675
-
total
6 337
-
9 438
-
Employer
16 916
-
24 000
-
total
-
-
-
-
Corporate
7 084
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%.

354
1 200
-
-
total
354
1 200
-
-
Dividends
6 730
22 800
-
-
social contributions
929
3 146
-
-
withholding
1 009
3 420
-
-
health
470
1 591
-
-
total
2 408
8 157
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 099
9 357
9 438
8 587
After tax
14 901
14 643
14 562
15 413
Living cost
10 579
10 579
10 579
10 579
Free-cash
4 322
4 064
3 983
4 834

Estimated living cost  is ₴10579 per week

₴7080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴652
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4940
-₴8125
-₴4171
-₴8677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
1 062
surtax
-
-
-
98
unemployment
-
-
-
3 060
chamber of commerce
-
-
-
96
health
-
-
-
1 836
pensions
-
-
-
4 440
total
-
-
-
10 592
Employee
24 933
19 882
19 882
-
other
249
199
185
-
unemployment
748
596
555
-
pensions
2 553
2 036
1 893
-
income
2 838
1 467
1 530
-
health
965
770
715
-
total
7 353
5 068
4 878
-
Employer
24 933
19 882
19 882
-
chamber of commerce
99
80
80
-
health
942
752
699
-
pensions
3 129
2 496
2 320
-
accident
324
258
240
-
unemployment
748
596
555
-
surtax
98
98
98
-
payroll
748
596
596
-
other
1 184
944
933
-
total
7 272
5 820
5 521
-
Corporate
1 894
1 894
16 586
-
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.

473
473
4 147
-
total
473
473
4 147
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 098
11 361
14 546
10 592
After tax
8 902
12 639
9 454
13 408
Living cost
17 579
17 579
17 579
17 579
Free-cash
-8 677
-4 940
-8 125
-4 171

Estimated living cost  is ₴17579 per week

₴11725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1500
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.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4637
-₴7583
-₴4616
-₴22075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 299
social contributions
-
-
-
2 346
national
-
-
-
6 780
total
-
-
-
10 425
Employee

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

35 687
-
18 589
-
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.

311
-
162
-
communal

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

1 861
-
969
-
pensions

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

2 676
-
1 395
-
national
10 971
-
4 582
-
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.

1 677
-
874
-
total
17 496
-
7 982
-
Employer

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

35 687
-
18 589
-
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.

2 195
-
1 143
-
pensions

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

3 162
-
1 647
-
accident

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

464
-
241
-
unemployment

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

521
-
272
-
surtax
4 046
-
2 107
-
total
10 388
-
5 410
-
Corporate
-
24 000
-
-
income
-
4 800
-
-
surtax
-
96
-
-
total
-
4 896
-
-
Dividends
-
19 104
-
-
withholding

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

-
5 550
-
-
total
-
5 550
-
-
Income
24 000
24 000
24 000
24 000
Total tax
27 884
10 446
13 392
10 425
After tax
-3 884
13 554
10 608
13 575
Living cost
18 191
18 191
18 191
18 191
Free-cash
-22 075
-4 637
-7 583
-4 616

Estimated living cost  is ₴18191 per week

₴11717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1787
-₴4474
-₴4660
-₴8749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
216
income
-
-
-
3 443
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 643
Employee
24 834
-
18 198
-
other
25
-
18
-
unemployment
385
-
282
-
pensions
1 167
-
855
-
income
5 240
-
3 501
-
total
6 817
-
4 656
-
Employer
24 834
-
18 198
-
pensions
5 860
-
4 294
-
accident
491
-
361
-
unemployment
1 366
-
1 001
-
other
198
-
145
-
total
7 915
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 170
-
-
total
-
4 170
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 732
7 770
10 457
10 643
After tax
9 268
16 230
13 543
13 357
Living cost
18 017
18 017
18 017
18 017
Free-cash
-8 749
-1 787
-4 474
-4 660

Estimated living cost  is ₴18017 per week

₴13268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12013
-₴10906
-₴10959
-₴18294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
communal
-
-
-
-
accident
-
-
-
216
income
-
-
-
720
surtax
-
-
-
1 270
health
-
-
-
1 801
pensions
-
-
-
3 840
total
-
-
-
7 847
Employee
37 781
-
21 163
-
pensions
3 022
-
1 899
-
surtax
2 316
-
1 274
-
income
3 649
-
727
-
health
1 681
-
1 057
-
total
10 668
-
4 957
-
Employer
37 781
-
21 163
-
health
1 152
-
724
-
pensions
3 022
-
1 899
-
accident
340
-
214
-
total
4 514
-
2 837
-
Corporate
-
24 000
-
-
communal
-
1 620
-
-
income
-
3 600
-
-
surtax
-
252
-
-
total
-
5 472
-
-
Dividends
-
18 529
-
-
income
-
649
-
-
withholding
-
2 780
-
-
total
-
3 429
-
-
Income
24 000
24 000
24 000
24 000
Total tax
15 182
8 901
7 794
7 847
After tax
8 818
15 099
16 206
16 153
Living cost
27 112
27 112
27 112
27 112
Free-cash
-18 294
-12 013
-10 906
-10 959

Estimated living cost  is ₴27112 per week

₴20338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3890
₴1974
₴2567
₴2303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 476
other
-
-
-
-
surtax
-
-
-
133
unemployment
-
-
-
114
health
-
-
-
1 704
pensions
-
-
-
4 800
total
-
-
-
10 227
Employee
16 801
-
19 826
-
other
-
-
-
-
unemployment
1 169
-
1 379
-
pensions
1 121
-
1 323
-
surtax
60
-
116
-
income
2 817
-
3 324
-
health
429
-
506
-
total
5 596
-
6 648
-
Employer
16 801
-
19 826
-
health
764
-
901
-
pensions
2 240
-
2 642
-
unemployment
533
-
629
-
other
-
-
-
-
total
3 537
-
4 172
-
Corporate
3 662
24 000
-
-
income
952
6 240
-
-
total
952
6 240
-
-
Dividends
2 709
17 760
-
-
withholding
406
2 664
-
-
total
406
2 664
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 491
8 904
10 820
10 227
After tax
13 509
15 096
13 180
13 773
Living cost
11 206
11 206
11 206
11 206
Free-cash
2 303
3 890
1 974
2 567

Estimated living cost  is ₴11206 per week

₴6766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴3207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴824
-₴1708
-₴362
-₴3675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
6 173
regional
-
-
-
362
municipal
-
-
-
143
national
-
-
-
4 245
total
-
-
-
10 923
Employee
27 675
-
24 000
-
municipal
147
-
127
-
national
4 384
-
3 726
-
regional
373
-
323
-
social contributions
9 332
-
8 093
-
total
14 236
-
12 269
-
Employer
27 675
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 193
-
-
nationa
-
5 760
-
-
total
-
6 953
-
-
Dividends
-
17 047
-
-
withholding
-
4 432
-
-
total
-
4 432
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 236
11 385
12 269
10 923
After tax
9 764
12 615
11 731
13 077
Living cost
13 439
13 439
13 439
13 439
Free-cash
-3 675
-824
-1 708
-362

Estimated living cost  is ₴13439 per week

₴8358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1501
-₴2844
-₴3334
-₴5603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
2 063
social contributions
-
-
-
7 008
solidarity contribution
-
-
-
-
health
-
-
-
3 240
total
-
-
-
12 311
Employee
22 092
-
17 910
-
solidarity contribution
-
-
-
-
social contributions
1 436
-
1 164
-
income
2 651
-
2 149
-
health
2 982
-
2 418
-
total
7 069
-
5 731
-
Employer
22 092
-
17 910
-
health
1 988
-
1 612
-
social contributions
5 523
-
4 478
-
total
7 511
-
6 090
-
Corporate
-
24 000
-
-
income
-
4 560
-
-
total
-
4 560
-
-
Dividends
-
19 440
-
-
withholding
-
2 916
-
-
total
-
2 916
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 580
7 476
11 821
12 311
After tax
9 420
16 524
12 179
11 689
Living cost
15 023
15 023
15 023
15 023
Free-cash
-5 603
1 501
-2 844
-3 334

Estimated living cost  is ₴15023 per week

₴11172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴832
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.
₴2759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3180
-₴6411
-₴2411
-₴4558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
1 062
surtax
-
-
-
-
unemployment
-
-
-
3 060
chamber of commerce
-
-
-
96
health
-
-
-
1 836
pensions
-
-
-
4 440
total
-
-
-
10 494
Employee
21 808
19 882
19 882
-
other
218
199
186
-
unemployment
654
596
557
-
pensions
2 233
2 036
1 901
-
income
1 943
1 467
1 526
-
health
844
770
719
-
total
5 892
5 068
4 889
-
Employer
21 808
19 882
19 882
-
chamber of commerce
87
80
80
-
health
825
752
702
-
pensions
2 737
2 496
2 329
-
accident
283
258
241
-
unemployment
654
596
557
-
surtax
-
-
-
-
payroll
654
596
596
-
other
1 036
944
933
-
total
6 276
5 722
5 438
-
Corporate
1 894
1 894
16 668
-
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.

473
473
4 167
-
total
473
473
4 167
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 641
11 263
14 494
10 494
After tax
11 359
12 737
9 506
13 506
Living cost
15 917
15 917
15 917
15 917
Free-cash
-4 558
-3 180
-6 411
-2 411

Estimated living cost  is ₴15917 per week

₴9548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
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.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16535
₴12935
₴17495
₴15361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
microenterprise

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

-
-
-
240
total
-
-
-
240
Employee
7 831
-
24 000
-
income
1 566
-
4 800
-
total
1 566
-
4 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

16 169
24 000
-
-
total
-
-
-
-
Dividends
16 169
24 000
-
-
withholding
808
1 200
-
-
total
808
1 200
-
-
Income
24 000
24 000
24 000
24 000
Total tax
2 374
1 200
4 800
240
After tax
21 626
22 800
19 200
23 760
Living cost
6 265
6 265
6 265
6 265
Free-cash
15 361
16 535
12 935
17 495

Estimated living cost  is ₴6265 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3142
-₴738
₴24
-₴1496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
24 000
income
-
-
-
3 814
unemployment
-
-
-
36
health
-
-
-
2 361
pensions
-
-
-
4 383
total
-
-
-
10 594
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.

22 061
-
20 767
-
unemployment
31
-
29
-
pensions
3 420
-
3 219
-
income
3 804
-
3 533
-
health
1 425
-
1 342
-
total
8 680
-
8 123
-
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.

22 061
-
20 767
-
health
1 469
-
1 383
-
pensions
1 952
-
1 838
-
unemployment
13
-
12
-
total
3 434
-
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
12 114
7 476
11 356
10 594
After tax
11 886
16 524
12 644
13 406
Living cost
13 382
13 382
13 382
13 382
Free-cash
-1 496
3 142
-738
24

Estimated living cost  is ₴13382 per week

₴9184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6711
-₴3811
-₴4727
-₴49649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
4 678
social contributions
-
-
-
2 736
total
-
-
-
7 414
Employee
30 560
-
-
-
social contributions
2 506
-
357
-
income
6 741
-
-
-
total
9 247
-
357
-
Employer
30 560
-
-
-
social contributions
43 089
-
6 141
-
total
43 089
-
6 141
-
Corporate
-
24 000
-
-
income
-
5 280
-
-
total
-
5 280
-
-
Dividends
-
18 720
-
-
income
-
4 118
-
-
total
-
4 118
-
-
Income
24 000
24 000
24 000
24 000
Total tax
52 336
9 398
6 498
7 414
After tax
-28 336
14 602
17 502
16 586
Living cost
21 313
21 313
21 313
21 313
Free-cash
-49 649
-6 711
-3 811
-4 727

Estimated living cost  is ₴21313 per week

₴13829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1997
-₴2180
-₴1640
-₴4396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
24 000
income
-
-
-
1 651
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 991
Employee
22 945
-
19 394
-
surtax
-
-
-
-
social contributions
2 524
-
2 133
-
income
4 773
-
3 792
-
total
7 297
-
5 925
-
Employer
22 945
-
19 394
-
social contributions
5 450
-
4 606
-
total
5 450
-
4 606
-
Corporate
-
24 000
-
-
income
-
5 040
-
-
surtax
-
-
-
-
total
-
5 040
-
-
Dividends
-
18 960
-
-
withholding
-
5 308
-
-
total
-
5 308
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 747
10 348
10 531
9 991
After tax
11 253
13 652
13 469
14 009
Living cost
15 649
15 649
15 649
15 649
Free-cash
-4 396
-1 997
-2 180
-1 640

Estimated living cost  is ₴15649 per week

₴11709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴12000
-₴9288
-₴9609
-₴17005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
842
other
-
-
-
744
surtax
-
-
-
-
social contributions
-
-
-
685
health
-
-
-
207
pensions
-
-
-
7 035
total
-
-
-
9 513
Employee
31 247
-
18 289
-
pensions
3 534
-
2 069
-
surtax
-
-
-
-
social contributions
890
-
522
-
income
2 726
-
890
-
total
7 150
-
3 481
-
Employer
31 247
-
18 289
-
health
2 187
-
1 280
-
pensions
5 134
-
3 005
-
unemployment
1 266
-
740
-
social contributions
94
-
55
-
other
1 078
-
631
-
total
9 759
-
5 711
-
Corporate
-
24 000
-
-
income
-
6 720
-
-
surtax
-
-
-
-
total
-
6 720
-
-
Dividends
-
17 280
-
-
surtax
-
-
-
-
social contributions
-
2 972
-
-
withholding
-
2 212
-
-
total
-
5 184
-
-
Income
24 000
24 000
24 000
24 000
Total tax
16 909
11 904
9 192
9 513
After tax
7 091
12 096
14 808
14 487
Living cost
24 096
24 096
24 096
24 096
Free-cash
-17 005
-12 000
-9 288
-9 609

Estimated living cost  is ₴24096 per week

₴16308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6603
₴4432
₴3723
₴4928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 039
-
20 779
-
income
-
-
-
-
social contributions
1 042
-
1 350
-
total
1 042
-
1 350
-
Employer
16 039
-
20 779
-
social contributions
2 486
-
3 221
-
total
2 486
-
3 221
-
Corporate
5 475
24 000
-
-
income
547
2 400
-
-
total
547
2 400
-
-
Dividends
4 928
21 600
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
4 075
2 400
4 571
5 280
After tax
19 925
21 600
19 429
18 720
Living cost
14 997
14 997
14 997
14 997
Free-cash
4 928
6 603
4 432
3 723

Estimated living cost  is ₴14997 per week

₴9697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴84704
-₴84704
-₴8149
-₴84704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
3 653
national
-
-
-
2 151
pensions
-
-
-
432
total
-
-
-
8 121
Employee
101 418
101 418
101 418
-
municipal
21 596
21 596
21 596
-
labour market
8 102
8 102
8 102
-
pensions
144
144
144
-
national
12 390
12 390
12 390
-
total
42 232
42 232
42 232
-
Employer
101 418
101 418
101 418
-
national
12 412
12 412
12 412
-
labour market
8 113
8 113
8 113
-
pensions
288
288
288
-
municipal
21 631
21 631
21 631
-
total
42 444
42 444
42 444
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
84 676
84 676
84 676
8 121
After tax
-60 676
-60 676
-60 676
15 879
Living cost
24 028
24 028
24 028
24 028
Free-cash
-84 704
-84 704
-84 704
-8 149

Estimated living cost  is ₴24028 per week

₴16445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9028
₴1701
₴5669
₴261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
128
income
-
-
-
3 833
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
7 359
Employee
17 259
-
19 937
-
pensions
1 944
-
2 245
-
income
2 368
-
2 735
-
health
1 976
-
2 283
-
total
6 288
-
7 263
-
Employer
17 259
-
19 937
-
pensions
2 806
-
3 242
-
accident
288
-
333
-
unemployment
423
-
489
-
total
3 517
-
4 064
-
Corporate
3 223
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.

2 901
21 600
-
-
total
2 901
21 600
-
-
Dividends
322
2 400
-
-
withholding
61
456
-
-
total
61
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 767
22 056
11 327
7 359
After tax
11 233
1 944
12 673
16 641
Living cost
10 972
10 972
10 972
10 972
Free-cash
261
-9 028
1 701
5 669

Estimated living cost  is ₴10972 per week

₴7986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴2546
-₴4153
-₴37
-₴7201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
161
municipal
-
-
-
4 291
national
-
-
-
431
total
-
-
-
4 883
Employee
26 248
-
20 190
-
municipal
4 299
-
3 316
-
unemployment
394
-
303
-
pensions
1 771
-
1 362
-
national
434
-
106
-
health
196
-
102
-
total
7 094
-
5 189
-
Employer
26 248
-
20 190
-
health
202
-
155
-
pensions
4 554
-
3 503
-
accident
27
-
20
-
unemployment
170
-
132
-
total
4 953
-
3 810
-
Corporate
-
24 000
-
-
income
-
4 800
-
-
total
-
4 800
-
-
Dividends

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

-
14 400
-
-
municipal
-
2 592
-
-
national
-
-
-
-
total
-
2 592
-
-
Income
24 000
24 000
24 000
24 000
Total tax
12 047
7 392
8 999
4 883
After tax
11 953
16 608
15 001
19 117
Living cost
19 154
19 154
19 154
19 154
Free-cash
-7 201
-2 546
-4 153
-37

Estimated living cost  is ₴19154 per week

₴12511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴1168
₴4012
₴7856
₴3451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
237
social contributions
-
-
-
3 744
health
-
-
-
612
total
-
-
-
4 593
Employee
38 363
38 363
38 363
-
social contributions
1 450
3 184
1 808
-
income
4 177
3 551
4 048
-
health
297
652
370
-
total
5 924
7 387
6 226
-
Employer
38 363
38 363
38 363
-
health
323
710
403
-
social contributions
1 450
3 184
1 808
-
total
1 773
3 894
2 211
-
Corporate
4 751
-
-
-
income
594
-
-
-
total
594
-
-
-
Dividends
4 157
-
-
-
withholding
707
-
-
-
total
707
-
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 998
11 281
8 437
4 593
After tax
15 002
12 719
15 563
19 407
Living cost
11 551
11 551
11 551
11 551
Free-cash
3 451
1 168
4 012
7 856

Estimated living cost  is ₴11551 per week

₴6923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11954
₴6973
₴9172
₴9415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
24 000
income
-
-
-
1 914
unemployment
-
-
-
14
health
-
-
-
1 805
pensions
-
-
-
3 174
total
-
-
-
6 907
Employee

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

11 451
-
21 759
-
unemployment
57
-
109
-
pensions
1 717
-
3 263
-
income
783
-
1 643
-
health
973
-
1 850
-
total
3 530
-
6 865
-
Employer

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

11 451
-
21 759
-
health
492
-
935
-
pensions
630
-
1 197
-
unemployment
57
-
109
-
total
1 179
-
2 241
-
Corporate
11 370
24 000
-
-
income
1 023
2 160
-
-
total
1 023
2 160
-
-
Dividends
10 346
21 840
-
-
withholding
932
1 965
-
-
total
932
1 965
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 664
4 125
9 106
6 907
After tax
17 336
19 875
14 894
17 093
Living cost
7 921
7 921
7 921
7 921
Free-cash
9 415
11 954
6 973
9 172

Estimated living cost  is ₴7921 per week

₴5054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
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.
₴2060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2511
-₴176
-₴362
-₴327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
216
income
-
-
-
3 443
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 643
Employee
18 447
-
18 198
-
other
18
-
18
-
unemployment
286
-
282
-
pensions
867
-
855
-
income
3 556
-
3 501
-
total
4 727
-
4 656
-
Employer
18 447
-
18 198
-
pensions
4 353
-
4 294
-
accident
365
-
361
-
unemployment
1 015
-
1 001
-
other
148
-
145
-
total
5 881
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 170
-
-
total
-
4 170
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 608
7 770
10 457
10 643
After tax
13 392
16 230
13 543
13 357
Living cost
13 719
13 719
13 719
13 719
Free-cash
-327
2 511
-176
-362

Estimated living cost  is ₴13719 per week

₴9260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13966
₴13925
₴13997
₴13800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
7 722
health
-
-
-
534
pensions
-
-
-
737
total
-
-
-
8 993
Employee
1 539
-
23 171
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
7 683
-
health
77
-
184
-
total
529
-
8 236
-
Employer
1 539
-
23 171
-
health
146
-
350
-
pensions
169
-
405
-
unemployment
31
-
74
-
total
346
-
829
-
Corporate
22 115
24 000
-
-
income
4 865
5 280
-
-
total
4 865
5 280
-
-
Dividends
17 249
18 720
-
-
withholding
3 450
3 744
-
-
total
3 450
3 744
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 190
9 024
9 065
8 993
After tax
14 810
14 976
14 935
15 007
Living cost
1 010
1 010
1 010
1 010
Free-cash
13 800
13 966
13 925
13 997

Estimated living cost  is ₴1010 per week

₴600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8712
₴4413
₴3380
₴6258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
24 000
income
-
-
-
2 920
unemployment
-
-
-
360
health
-
-
-
2 472
pensions
-
-
-
6 240
total
-
-
-
11 992
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.

13 010
-
20 356
-
unemployment
98
-
153
-
pensions
1 821
-
2 850
-
income
1 793
-
3 264
-
health
670
-
1 048
-
total
4 382
-
7 315
-
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.

13 010
-
20 356
-
health
670
-
1 048
-
pensions
1 561
-
2 443
-
unemployment
98
-
153
-
total
2 329
-
3 644
-
Corporate
8 661
24 000
-
-
income
1 299
3 600
-
-
total
1 299
3 600
-
-
Dividends
7 362
20 400
-
-
withholding
1 104
3 060
-
-
total
1 104
3 060
-
-
Income
24 000
24 000
24 000
24 000
Total tax
9 114
6 660
10 959
11 992
After tax
14 886
17 340
13 041
12 008
Living cost
8 628
8 628
8 628
8 628
Free-cash
6 258
8 712
4 413
3 380

Estimated living cost  is ₴8628 per week

₴5809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴202
₴19
₴559
₴22
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
24 000
income
-
-
-
1 651
surtax
-
-
-
-
social contributions

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

-
-
-
8 340
total
-
-
-
9 991
Employee
19 363
-
19 394
-
surtax
-
-
-
-
social contributions
2 130
-
2 133
-
income
3 783
-
3 792
-
total
5 913
-
5 925
-
Employer
19 363
-
19 394
-
social contributions
4 598
-
4 606
-
total
4 598
-
4 606
-
Corporate
38
24 000
-
-
income
8
5 040
-
-
surtax
-
-
-
-
total
8
5 040
-
-
Dividends
31
18 960
-
-
withholding
9
5 308
-
-
total
9
5 308
-
-
Income
24 000
24 000
24 000
24 000
Total tax
10 528
10 348
10 531
9 991
After tax
13 472
13 652
13 469
14 009
Living cost
13 450
13 450
13 450
13 450
Free-cash
22
202
19
559

Estimated living cost  is ₴13450 per week

₴9526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1304
-₴3991
-₴4177
-₴7776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
216
income
-
-
-
3 443
other
-
-
-
24
unemployment
-
-
-
168
pensions
-
-
-
6 792
total
-
-
-
10 643
Employee
24 095
-
18 198
-
other
24
-
18
-
unemployment
373
-
282
-
pensions
1 132
-
855
-
income
5 032
-
3 501
-
total
6 561
-
4 656
-
Employer
24 095
-
18 198
-
pensions
5 686
-
4 294
-
accident
477
-
361
-
unemployment
1 325
-
1 001
-
other
193
-
145
-
total
7 681
-
5 801
-
Corporate
-
24 000
-
-
income

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

-
3 600
-
-
total
-
3 600
-
-
Dividends
-
20 400
-
-
withholding
-
4 170
-
-
total
-
4 170
-
-
Income
24 000
24 000
24 000
24 000
Total tax
14 242
7 770
10 457
10 643
After tax
9 758
16 230
13 543
13 357
Living cost
17 534
17 534
17 534
17 534
Free-cash
-7 776
-1 304
-3 991
-4 177

Estimated living cost  is ₴17534 per week

₴12592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
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.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11936
₴7413
₴7162
₴8895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
income
-
-
-
3 600
unemployment
-
-
-
70
health
-
-
-
2 004
pensions

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

-
-
-
2 580
total
-
-
-
8 254
Employee
11 367
-
20 580
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

998
-
1 530
-
income
1 137
-
2 058
-
health
523
-
802
-
total
2 783
-
4 582
-
Employer
11 367
-
20 580
-
health
784
-
1 203
-
pensions

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

1 253
-
1 921
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 230
-
3 421
-
Corporate
10 403
24 000
-
-
income
1 040
2 400
-
-
total
1 040
2 400
-
-
Dividends
9 363
21 600
-
-
withholding
468
1 080
-
-
total
468
1 080
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 521
3 480
8 003
8 254
After tax
17 479
20 520
15 997
15 746
Living cost
8 584
8 584
8 584
8 584
Free-cash
8 895
11 936
7 413
7 162

Estimated living cost  is ₴8584 per week

₴5677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6806
-₴584
-₴700
-₴823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
income

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

-
-
-
1 816
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.

-
-
-
99
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.

-
-
-
3 408
trade
-
-
-
116
total
-
-
-
5 439
Employee

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

24 823
-
24 000
-
surtax

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

113
-
99
-
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.

2 041
-
1 816
-
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.

3 408
-
3 408
-
total
5 562
-
5 323
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 000
-
-
income
-
3 600
-
-
surtax

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

-
198
-
-
chamber of commerce
-
111
-
-
trade
-
3 444
-
-
total
-
7 353
-
-
Dividends
-
16 648
-
-
surtax

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

-
219
-
-
withholding
-
3 973
-
-
total
-
4 192
-
-
Income
24 000
24 000
24 000
24 000
Total tax
5 562
11 545
5 323
5 439
After tax
18 438
12 455
18 677
18 561
Living cost
19 261
19 261
19 261
19 261
Free-cash
-823
-6 806
-584
-700

Estimated living cost  is ₴19261 per week

₴13287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2072
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11619
-₴9246
-₴9246
-₴15025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 238
social contributions
-
-
-
1 589
total
-
-
-
4 827
Employee
39 025
-
24 000
-
income
7 364
-
3 238
-
social contributions
3 242
-
1 589
-
total
10 606
-
4 827
-
Employer
39 025
-
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
10 606
7 200
4 827
4 827
After tax
13 394
16 800
19 173
19 173
Living cost
28 419
28 419
28 419
28 419
Free-cash
-15 025
-11 619
-9 246
-9 246

Estimated living cost  is ₴28419 per week

₴21621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4850
-₴724
-₴11334
-₴2668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
24 000
income
-
-
-
14 201
health

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

-
-
-
3 023
total
-
-
-
17 224
Employee
22 887
-
21 814
-
income
2 483
-
2 242
-
social contributions
2 293
-
2 186
-
total
4 776
-
4 428
-
Employer
22 887
-
21 814
-
social contributions
2 293
-
2 186
-
total
2 293
-
2 186
-
Corporate
-
24 000
-
-
income
-
8 400
-
-
total
-
8 400
-
-
Dividends
-
15 600
-
-
social contributions
1 489
2 340
-
-
total
1 489
2 340
-
-
Income
24 000
24 000
24 000
24 000
Total tax
8 558
10 740
6 614
17 224
After tax
15 442
13 260
17 386
6 776
Living cost
18 110
18 110
18 110
18 110
Free-cash
-2 668
-4 850
-724
-11 334

Estimated living cost  is ₴18110 per week

₴11929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
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.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴631
-₴2743
-₴472
-₴4616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 536
pensions
-
-
-
1 323
total
-
-
-
5 859
Employee
25 549
-
21 560
-
pensions
1 950
-
1 471
-
income
4 653
-
3 967
-
health
333
-
252
-
total
6 936
-
5 690
-
Employer
25 549
-
21 560
-
health
486
-
409
-
pensions
2 581
-
2 031
-
total
3 067
-
2 440
-
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
10 003
6 018
8 130
5 859
After tax
13 997
17 982
15 870
18 141
Living cost
18 613
18 613
18 613
18 613
Free-cash
-4 616
-631
-2 743
-472

Estimated living cost  is ₴18613 per week

₴12768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10114
₴615
₴4583
₴94
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
accident
-
-
-
128
income
-
-
-
3 833
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
7 359
Employee
18 968
-
19 937
-
pensions
2 136
-
2 245
-
income
2 602
-
2 735
-
health
2 172
-
2 283
-
total
6 910
-
7 263
-
Employer
18 968
-
19 937
-
pensions
3 084
-
3 242
-
accident
317
-
333
-
unemployment
465
-
489
-
total
3 866
-
4 064
-
Corporate
1 167
24 000
-
-
income

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

1 050
21 600
-
-
total
1 050
21 600
-
-
Dividends
117
2 400
-
-
withholding
22
456
-
-
total
22
456
-
-
Income
24 000
24 000
24 000
24 000
Total tax
11 848
22 056
11 327
7 359
After tax
12 152
1 944
12 673
16 641
Living cost
12 058
12 058
12 058
12 058
Free-cash
94
-10 114
615
4 583

Estimated living cost  is ₴12058 per week

₴8849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13660
₴7669
₴7669
₴11235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 000
income
-
-
-
2 991
unemployment
-
-
-
288
work injury
-
-
-
120
health insurance
-
-
-
1 776
pensions
-
-
-
4 416
total
-
-
-
9 591
Employee

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

10 784
-
24 000
-
health insurance
798
-
1 776
-
unemployment
129
-
288
-
work injury
54
-
120
-
pensions
1 984
-
4 416
-
income
1 078
-
2 991
-
total
4 043
-
9 591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 216
24 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
13 216
24 000
-
-
withholding
1 982
3 600
-
-
total
1 982
3 600
-
-
Income
24 000
24 000
24 000
24 000
Total tax
6 025
3 600
9 591
9 591
After tax
17 975
20 400
14 409
14 409
Living cost
6 740
6 740
6 740
6 740
Free-cash
11 235
13 660
7 669
7 669

Estimated living cost  is ₴6740 per week

₴4175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7233
-₴8129
-₴6798
-₴18041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 000
social contributions
-
-
-
6 173
regional
-
-
-
345
municipal
-
-
-
160
national
-
-
-
4 245
total
-
-
-
10 923
Employee
42 040
-
24 000
-
municipal
251
-
143
-
national
7 104
-
3 726
-
regional
635
-
292
-
social contributions
14 176
-
8 093
-
total
22 166
-
12 254
-
Employer
42 040
-
24 000
-
total
-
-
-
-
Corporate
-
24 000
-
-
municipal
-
1 157
-
-
nationa
-
5 760
-
-
total
-
6 917
-
-
Dividends
-
17 083
-
-
withholding
-
4 441
-
-
total
-
4 441
-
-
Income
24 000
24 000
24 000
24 000
Total tax
22 166
11 358
12 254
10 923
After tax
1 834
12 642
11 746
13 077
Living cost
19 875
19 875
19 875
19 875
Free-cash
-18 041
-7 233
-8 129
-6 798

Estimated living cost  is ₴19875 per week

₴13961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
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.
₴4246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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