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
₴ 24500
per

Your estimated
City
free-cash

Dresden , Germany
₴5062
₴5781
₴4195
-₴549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
24 500
trade
-
-
-
719
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.

-
-
-
2 930
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.

-
-
-
2 654
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.

-
-
-
146
total
-
-
-
6 449
Employee

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

16 401
-
24 500
-
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.

25
-
146
-
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.

458
-
2 654
-
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.

2 930
-
2 930
-
total
3 413
-
5 730
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 099
24 500
-
-
trade
1 275
3 859
-
-
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.

67
202
-
-
income
1 215
3 675
-
-
chamber of commerce
76
100
-
-
total
2 633
7 836
-
-
Dividends
5 465
16 664
-
-
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.

66
221
-
-
withholding
1 204
4 003
-
-
total
1 270
4 224
-
-
Income
24 500
24 500
24 500
24 500
Total tax
7 316
12 060
5 730
6 449
After tax
17 184
12 440
18 770
18 051
Living cost
12 989
12 989
12 989
12 989
Free-cash
4 195
-549
5 781
5 062

Estimated living cost  is ₴12989 per week

₴8170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
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.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6264
-₴6072
-₴12079
-₴6345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
263
municipal
-
-
-
2 325
national
-
-
-
3 603
pensions
-
-
-
2 940
total
-
-
-
9 131
Employee
33 535
-
21 180
-
pensions
1 341
-
847
-
national
6 419
-
3 750
-
municipal
4 142
-
2 420
-
total
11 902
-
7 017
-
Employer
33 535
-
21 180
-
pensions
2 683
-
1 694
-
social contributions
361
-
228
-
total
3 044
-
1 922
-
Corporate
-
24 500
-
-
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%.

-
4 900
-
-
total
-
4 900
-
-
Dividends
-
19 600
-
-
withholding
-
4 312
-
-
total
-
4 312
-
-
Income
24 500
24 500
24 500
24 500
Total tax
14 946
9 212
8 939
9 131
After tax
9 554
15 288
15 561
15 369
Living cost
21 633
21 633
21 633
21 633
Free-cash
-12 079
-6 345
-6 072
-6 264

Estimated living cost  is ₴21633 per week

₴14704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10554
₴5098
₴7161
₴10679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
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.

-
-
-
1 350
income
-
-
-
-
microenterprise
-
-
-
3 675
surtax
-
-
-
-
total
-
-
-
5 025
Employee
12 530
-
19 744
-
income
2 231
-
3 553
-
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.

1 379
-
2 172
-
surtax
-
-
-
-
total
3 610
-
5 725
-
Employer
12 530
-
19 744
-
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.

3 018
-
4 756
-
surtax
-
-
-
-
total
3 018
-
4 756
-
Corporate
8 951
24 500
-
-
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%.

1 790
4 900
-
-
total
1 790
4 900
-
-
Dividends

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

7 161
19 600
-
-
total
-
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
8 418
4 900
10 481
5 025
After tax
16 082
19 600
14 019
19 475
Living cost
8 921
8 921
8 921
8 921
Free-cash
7 161
10 679
5 098
10 554

Estimated living cost  is ₴8921 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3954
-₴18082
-₴18082
-₴15675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
health
-
-
-
3 760
income
-
-
-
2 320
pensions
-
-
-
4 410
total
-
-
-
10 490
Employee
36 619
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
6 591
5 024
6 591
-
health
5 621
4 781
5 621
-
total
18 206
15 799
18 206
-
Employer
36 619
36 619
36 619
-
pensions
2 549
2 549
2 549
-
health
2 545
2 545
2 545
-
unemployment
1 318
1 318
1 318
-
total
6 412
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
24 618
22 211
24 618
10 490
After tax
-118
2 289
-118
14 010
Living cost
17 964
17 964
17 964
17 964
Free-cash
-18 082
-15 675
-18 082
-3 954

Estimated living cost  is ₴17964 per week

₴12731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4275
-₴3405
-₴6377
-₴3112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
2 847
unemployment
-
-
-
24
accident
-
-
-
49
municipal
-
-
-
5 189
health
-
-
-
1 529
national
-
-
-
-
pensions
-
-
-
2 648
total
-
-
-
12 286
Employee
23 495
-
18 642
-
national
-
-
-
-
municipal
7 006
-
5 559
-
total
7 006
-
5 559
-
Employer
23 495
-
18 642
-
pensions
2 540
-
2 015
-
other
2 730
-
2 166
-
accident
47
-
37
-
health
1 445
-
1 147
-
unemployment
620
-
492
-
total
7 382
-
5 857
-
Corporate
-
24 500
-
-
income
-
5 390
-
-
total
-
5 390
-
-
Dividends
-
19 110
-
-
withholding
-
5 733
-
-
total
-
5 733
-
-
Income
24 500
24 500
24 500
24 500
Total tax
14 388
11 123
11 416
12 286
After tax
10 112
13 377
13 084
12 214
Living cost
16 489
16 489
16 489
16 489
Free-cash
-6 377
-3 112
-3 405
-4 275

Estimated living cost  is ₴16489 per week

₴10928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
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.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1174
₴1924
₴1494
-₴4533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
trade
-
-
-
750
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.

-
-
-
2 930
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.

-
-
-
2 654
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.

-
-
-
146
total
-
-
-
6 480
Employee

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

21 746
-
24 500
-
surtax

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

103
-
146
-
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.

1 868
-
2 654
-
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.

2 930
-
2 930
-
total
4 901
-
5 730
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 754
24 500
-
-
trade
453
4 031
-
-
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.

23
202
-
-
income
413
3 675
-
-
chamber of commerce
69
100
-
-
total
958
8 008
-
-
Dividends
1 795
16 493
-
-
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.

15
218
-
-
withholding
286
3 961
-
-
total
301
4 179
-
-
Income
24 500
24 500
24 500
24 500
Total tax
6 160
12 187
5 730
6 480
After tax
18 340
12 313
18 770
18 020
Living cost
16 846
16 846
16 846
16 846
Free-cash
1 494
-4 533
1 924
1 174

Estimated living cost  is ₴16846 per week

₴11267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5307
₴2735
₴2352
₴894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
3 822
health
-
-
-
625
income
-
-
-
837
total
-
-
-
5 284
Employee
32 974
32 974
32 974
-
income
3 463
3 052
3 374
-
social contributions
1 602
2 737
1 846
-
health
328
561
378
-
total
5 393
6 350
5 598
-
Employer
32 974
32 974
32 974
-
health
357
610
412
-
social contributions
1 602
2 737
1 846
-
total
1 959
3 347
2 258
-
Corporate
3 239
-
-
-
income
405
-
-
-
total
405
-
-
-
Dividends
2 834
-
-
-
withholding
482
-
-
-
total
482
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
8 239
9 697
7 856
5 284
After tax
16 261
14 803
16 644
19 216
Living cost
13 909
13 909
13 909
13 909
Free-cash
2 352
894
2 735
5 307

Estimated living cost  is ₴13909 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴9151
₴6382
₴6213
₴6050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
unemployment
-
-
-
368
health
-
-
-
1 715
income
-
-
-
2 995
pensions
-
-
-
2 450
total
-
-
-
7 528
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.

11 289
4 493
20 502
-
income
1 380
549
2 506
-
pensions
1 129
449
2 050
-
unemployment
169
67
308
-
health
790
315
1 435
-
total
3 468
1 380
6 299
-
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.

11 289
4 493
20 502
-
pensions
2 201
876
3 998
-
total
2 201
876
3 998
-
Corporate
11 009
19 131
-
-
income
991
1 722
-
-
total
991
1 722
-
-
Dividends
10 019
17 409
-
-
social contributions
1 902
3 343
-
-
withholding
1 904
3 308
-
-
total
3 806
6 651
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 466
10 629
10 297
7 528
After tax
14 034
13 871
14 203
16 972
Living cost
7 821
7 821
7 821
7 821
Free-cash
6 213
6 050
6 382
9 151

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3228
₴4081
₴6578
₴9242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
health
-
-
-
3 185
income
-
-
-
2 829
pensions
-
-
-
4 900
total
-
-
-
10 914
Employee
12 165
-
18 311
-
income
1 370
-
3 214
-
pensions
243
-
366
-
unemployment
194
-
293
-
total
1 807
-
3 873
-
Employer
12 165
-
18 311
-
pensions
2 433
-
3 662
-
health
1 581
-
2 380
-
unemployment
98
-
146
-
total
4 112
-
6 188
-
Corporate
8 223
24 500
-
-
income
1 645
4 900
-
-
total
1 645
4 900
-
-
Dividends
6 579
19 600
-
-
total
-
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
7 564
4 900
10 061
10 914
After tax
16 936
19 600
14 439
13 586
Living cost
10 358
10 358
10 358
10 358
Free-cash
6 578
9 242
4 081
3 228

Estimated living cost  is ₴10358 per week

₴7104
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.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7534
₴3540
₴543
-₴7414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
4 593
pensions
-
-
-
1 777
total
-
-
-
7 568
Employee
14 784
-
20 352
-
income
2 028
-
2 792
-
pensions
1 665
-
2 292
-
health
1 693
-
2 330
-
total
5 386
-
7 414
-
Employer
14 784
-
20 352
-
pensions
2 404
-
3 309
-
accident
247
-
340
-
unemployment
362
-
499
-
total
3 013
-
4 148
-
Corporate
6 703
24 500
-
-
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.

6 033
22 050
-
-
total
6 033
22 050
-
-
Dividends
670
2 450
-
-
withholding
127
466
-
-
total
127
466
-
-
Income
24 500
24 500
24 500
24 500
Total tax
14 559
22 516
11 562
7 568
After tax
9 941
1 984
12 938
16 932
Living cost
9 398
9 398
9 398
9 398
Free-cash
543
-7 414
3 540
7 534

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20391
₴15736
₴18686
₴19411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
24 500
microenterprise

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

-
-
-
245
total
-
-
-
245
Employee
4 830
-
24 500
-
income
966
-
4 900
-
total
966
-
4 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

19 670
24 500
-
-
total
-
-
-
-
Dividends
19 670
24 500
-
-
withholding
984
1 225
-
-
total
984
1 225
-
-
Income
24 500
24 500
24 500
24 500
Total tax
1 950
1 225
4 900
245
After tax
22 550
23 275
19 600
24 255
Living cost
3 864
3 864
3 864
3 864
Free-cash
18 686
19 411
15 736
20 391

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1841
₴2936
₴3678
₴6574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
1 164
health
-
-
-
1 078
income
-
-
-
3 112
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.

-
-
-
5 879
total
-
-
-
11 233
Employee
15 570
-
19 569
-
income
2 681
-
3 369
-
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.

1 090
-
1 370
-
unemployment
155
-
195
-
health
218
-
274
-
total
4 144
-
5 208
-
Employer
15 570
-
19 569
-
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.

2 647
-
3 327
-
other
779
-
978
-
accident
125
-
156
-
health
218
-
274
-
unemployment
155
-
195
-
total
3 924
-
4 930
-
Corporate
5 006
24 500
-
-
income
1 051
5 145
-
-
total
1 051
5 145
-
-
Dividends
3 955
19 355
-
-
withholding
277
1 355
-
-
total
277
1 355
-
-
Income
24 500
24 500
24 500
24 500
Total tax
9 396
6 500
10 138
11 233
After tax
15 104
18 000
14 362
13 267
Living cost
11 426
11 426
11 426
11 426
Free-cash
3 678
6 574
2 936
1 841

Estimated living cost  is ₴11426 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10431
-₴12899
-₴21901
-₴10486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
income
-
-
-
4 603
pensions
-
-
-
1 485
total
-
-
-
6 088
Employee
40 808
-
21 878
-
income
7 356
-
3 985
-
pensions
3 937
-
1 665
-
health
672
-
285
-
total
11 965
-
5 935
-
Employer
40 808
-
21 878
-
pensions
4 818
-
2 205
-
health
775
-
416
-
total
5 593
-
2 621
-
Corporate
-
24 500
-
-
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.

-
4 655
-
-
total
-
4 655
-
-
Dividends
-
19 845
-
-
withholding
-
1 488
-
-
total
-
1 488
-
-
Income
24 500
24 500
24 500
24 500
Total tax
17 558
6 143
8 556
6 088
After tax
6 942
18 357
15 944
18 412
Living cost
28 843
28 843
28 843
28 843
Free-cash
-21 901
-10 486
-12 899
-10 431

Estimated living cost  is ₴28843 per week

₴21612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11206
₴11616
₴13334
₴15327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 675
pensions

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

-
-
-
2 216
total
-
-
-
7 673
Employee
7 443
-
21 562
-
income
744
-
2 156
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
4 325
-
Employer
7 443
-
21 562
-
pensions

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

820
-
1 650
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 033
-
unemployment
45
-
90
-
total
1 461
-
2 938
-
Corporate
15 596
24 500
-
-
income
1 560
2 450
-
-
total
1 560
2 450
-
-
Dividends
14 036
22 050
-
-
withholding
702
1 102
-
-
total
702
1 102
-
-
Income
24 500
24 500
24 500
24 500
Total tax
5 545
3 552
7 263
7 673
After tax
18 955
20 948
17 237
16 827
Living cost
5 621
5 621
5 621
5 621
Free-cash
13 334
15 327
11 616
11 206

Estimated living cost  is ₴5621 per week

₴3282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9769
-₴23897
-₴22218
-₴21490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
health
-
-
-
3 760
income
-
-
-
2 320
pensions
-
-
-
4 410
total
-
-
-
10 490
Employee
39 757
36 619
36 619
-
income

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

5 994
5 994
5 994
-
pensions
5 024
5 024
6 591
-
health
4 960
4 781
5 621
-
total
15 978
15 799
18 206
-
Employer
39 757
36 619
36 619
-
pensions
2 767
2 549
2 549
-
health
2 763
2 545
2 545
-
unemployment
1 431
1 318
1 318
-
total
6 961
6 412
6 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
22 939
22 211
24 618
10 490
After tax
1 561
2 289
-118
14 010
Living cost
23 779
23 779
23 779
23 779
Free-cash
-22 218
-21 490
-23 897
-9 769

Estimated living cost  is ₴23779 per week

₴17541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1635
₴2135
₴2898
₴6570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
7 154
health
-
-
-
3 307
income
-
-
-
2 106
solidarity contribution
-
-
-
-
total
-
-
-
12 567
Employee
15 144
-
18 284
-
income
1 817
-
2 194
-
solidarity contribution
-
-
-
-
social contributions
984
-
1 188
-
health
2 044
-
2 468
-
total
4 845
-
5 850
-
Employer
15 144
-
18 284
-
health
1 363
-
1 646
-
social contributions
3 786
-
4 571
-
total
5 149
-
6 217
-
Corporate
4 207
24 500
-
-
income
799
4 655
-
-
total
799
4 655
-
-
Dividends
3 408
19 845
-
-
withholding
511
2 977
-
-
total
511
2 977
-
-
Income
24 500
24 500
24 500
24 500
Total tax
11 304
7 632
12 067
12 567
After tax
13 196
16 868
12 433
11 933
Living cost
10 298
10 298
10 298
10 298
Free-cash
2 898
6 570
2 135
1 635

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4713
-₴6096
-₴13612
-₴5023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
6 302
municipal
-
-
-
146
national
-
-
-
4 425
regional
-
-
-
245
total
-
-
-
11 118
Employee
38 111
-
24 500
-
national
6 604
-
3 896
-
social contributions
12 851
-
8 261
-
municipal
202
-
130
-
regional
360
-
214
-
total
20 017
-
12 501
-
Employer
38 111
-
24 500
-
total
-
-
-
-
Corporate
-
24 500
-
-
nationa
-
5 880
-
-
municipal
-
955
-
-
total
-
6 835
-
-
Dividends
-
17 664
-
-
withholding
-
4 593
-
-
total
-
4 593
-
-
Income
24 500
24 500
24 500
24 500
Total tax
20 017
11 428
12 501
11 118
After tax
4 483
13 072
11 999
13 382
Living cost
18 095
18 095
18 095
18 095
Free-cash
-13 612
-5 023
-6 096
-4 713

Estimated living cost  is ₴18095 per week

₴12613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
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.
₴4017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4396
₴3871
₴4614
₴5947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 740
income
-
-
-
3 686
surtax
-
-
-
217
pensions
-
-
-
4 900
total
-
-
-
10 641
Employee
14 181
-
20 239
-
income
2 377
-
3 455
-
pensions
946
-
1 350
-
unemployment
987
-
1 409
-
health
362
-
516
-
other
-
-
-
-
surtax
46
-
177
-
total
4 718
-
6 907
-
Employer
14 181
-
20 239
-
pensions
1 890
-
2 698
-
other
-
-
-
-
health
645
-
920
-
unemployment
449
-
641
-
total
2 984
-
4 259
-
Corporate
7 334
24 500
-
-
income
1 907
6 370
-
-
total
1 907
6 370
-
-
Dividends
5 428
18 130
-
-
withholding
814
2 720
-
-
total
814
2 720
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 423
9 090
11 166
10 641
After tax
14 077
15 410
13 334
13 859
Living cost
9 463
9 463
9 463
9 463
Free-cash
4 614
5 947
3 871
4 396

Estimated living cost  is ₴9463 per week

₴5786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1293
-₴3761
-₴6329
-₴1348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
income
-
-
-
4 603
pensions
-
-
-
1 485
total
-
-
-
6 088
Employee
27 348
-
21 878
-
income
4 926
-
3 985
-
pensions
2 321
-
1 665
-
health
397
-
285
-
total
7 644
-
5 935
-
Employer
27 348
-
21 878
-
pensions
2 960
-
2 205
-
health
520
-
416
-
total
3 480
-
2 621
-
Corporate
-
24 500
-
-
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.

-
4 655
-
-
total
-
4 655
-
-
Dividends
-
19 845
-
-
withholding
-
1 488
-
-
total
-
1 488
-
-
Income
24 500
24 500
24 500
24 500
Total tax
11 124
6 143
8 556
6 088
After tax
13 376
18 357
15 944
18 412
Living cost
19 705
19 705
19 705
19 705
Free-cash
-6 329
-1 348
-3 761
-1 293

Estimated living cost  is ₴19705 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
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.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴11639
-₴12882
-₴17047
-₴21210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
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.

-
-
-
490
health
-
-
-
106
city
-
-
-
257
national
-
-
-
74
regional
-
-
-
544
pensions
-
-
-
2 254
total
-
-
-
3 725
Employee
37 933
-
21 929
-
pensions
3 187
-
1 842
-
national
180
-
59
-
unemployment
-
-
-
-
city
407
-
236
-
health
86
-
49
-
regional
1 242
-
452
-
total
5 102
-
2 638
-
Employer
37 933
-
21 929
-
pensions
3 187
-
1 842
-
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.

758
-
439
-
health
86
-
49
-
unemployment
-
-
-
-
total
4 031
-
2 330
-
Corporate
-
24 500
-
-
regional
-
5 182
-
-
national
-
2 082
-
-
total
-
7 264
-
-
Dividends
-
17 236
-
-
withholding
-
6 032
-
-
total
-
6 032
-
-
Income
24 500
24 500
24 500
24 500
Total tax
9 133
13 296
4 968
3 725
After tax
15 367
11 204
19 532
20 775
Living cost
32 414
32 414
32 414
32 414
Free-cash
-17 047
-21 210
-12 882
-11 639

Estimated living cost  is ₴32414 per week

₴21078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
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.
₴8029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1657
-₴874
-₴1271
-₴7454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
trade
-
-
-
783
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.

-
-
-
2 930
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.

-
-
-
2 654
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.

-
-
-
146
total
-
-
-
6 513
Employee

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

25 771
-
24 500
-
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.

167
-
146
-
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.

3 030
-
2 654
-
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.

2 930
-
2 930
-
total
6 127
-
5 730
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
24 500
-
-
trade
-
4 201
-
-
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.

-
202
-
-
income
-
3 675
-
-
chamber of commerce
-
99
-
-
total
-
8 177
-
-
Dividends
-
16 322
-
-
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.

-
216
-
-
withholding
-
3 917
-
-
total
-
4 133
-
-
Income
24 500
24 500
24 500
24 500
Total tax
6 127
12 310
5 730
6 513
After tax
18 373
12 190
18 770
17 987
Living cost
19 644
19 644
19 644
19 644
Free-cash
-1 271
-7 454
-874
-1 657

Estimated living cost  is ₴19644 per week

₴14347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15
₴234
₴211
-₴2323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
759
social contributions
-
-
-
698
health
-
-
-
212
income
-
-
-
1 090
surtax
-
-
-
-
pensions
-
-
-
7 055
total
-
-
-
9 814
Employee
18 353
-
18 669
-
income
1 083
-
1 121
-
pensions
2 075
-
2 112
-
social contributions
523
-
532
-
surtax
-
-
-
-
total
3 681
-
3 765
-
Employer
18 353
-
18 669
-
pensions
3 015
-
3 067
-
other
633
-
644
-
health
1 285
-
1 307
-
unemployment
743
-
756
-
social contributions
55
-
56
-
total
5 731
-
5 830
-
Corporate
416
24 500
-
-
surtax
-
-
-
-
income
116
6 860
-
-
total
116
6 860
-
-
Dividends
300
17 640
-
-
surtax
-
-
-
-
social contributions
52
3 034
-
-
withholding
38
2 258
-
-
total
90
5 292
-
-
Income
24 500
24 500
24 500
24 500
Total tax
9 618
12 152
9 595
9 814
After tax
14 882
12 348
14 905
14 686
Living cost
14 671
14 671
14 671
14 671
Free-cash
211
-2 323
234
15

Estimated living cost  is ₴14671 per week

₴9251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
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.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1468
₴1687
₴1511
-₴870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
759
social contributions
-
-
-
698
health
-
-
-
212
income
-
-
-
1 090
surtax
-
-
-
-
pensions
-
-
-
7 055
total
-
-
-
9 814
Employee
16 382
-
18 669
-
income
845
-
1 121
-
pensions
1 853
-
2 112
-
social contributions
467
-
532
-
surtax
-
-
-
-
total
3 165
-
3 765
-
Employer
16 382
-
18 669
-
pensions
2 692
-
3 067
-
other
566
-
644
-
health
1 147
-
1 307
-
unemployment
663
-
756
-
social contributions
49
-
56
-
total
5 117
-
5 830
-
Corporate
3 001
24 500
-
-
surtax
-
-
-
-
income
841
6 860
-
-
total
841
6 860
-
-
Dividends
2 161
17 640
-
-
surtax
-
-
-
-
social contributions
371
3 034
-
-
withholding
277
2 258
-
-
total
648
5 292
-
-
Income
24 500
24 500
24 500
24 500
Total tax
9 771
12 152
9 595
9 814
After tax
14 729
12 348
14 905
14 686
Living cost
13 218
13 218
13 218
13 218
Free-cash
1 511
-870
1 687
1 468

Estimated living cost  is ₴13218 per week

₴7666
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6641
₴5599
₴6076
₴5855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
3 381
health
-
-
-
1 710
income
-
-
-
3 675
total
-
-
-
8 766
Employee
14 539
-
24 500
-
income
2 425
-
4 717
-
social contributions
2 007
-
3 381
-
health
1 015
-
1 710
-
total
5 447
-
9 808
-
Employer
14 539
-
24 500
-
total
-
-
-
-
Corporate
9 961
24 500
-
-
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%.

498
1 225
-
-
total
498
1 225
-
-
Dividends
9 462
23 275
-
-
social contributions
1 306
3 212
-
-
health
661
1 624
-
-
withholding
1 419
3 491
-
-
total
3 386
8 327
-
-
Income
24 500
24 500
24 500
24 500
Total tax
9 331
9 552
9 808
8 766
After tax
15 169
14 948
14 692
15 734
Living cost
9 093
9 093
9 093
9 093
Free-cash
6 076
5 855
5 599
6 641

Estimated living cost  is ₴9093 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1540
-₴5651
-₴3589
-₴1068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
chamber of commerce
-
-
-
98
unemployment
-
-
-
2 630
health
-
-
-
1 874
income
-
-
-
1 710
surtax
-
-
-
85
pensions
-
-
-
4 533
total
-
-
-
10 930
Employee
21 430
17 089
18 958
-
income
2 440
1 261
1 731
-
pensions
2 195
1 750
1 942
-
unemployment
643
513
569
-
health
829
662
734
-
other
214
171
190
-
total
6 321
4 357
5 166
-
Employer
21 430
17 089
18 958
-
pensions
2 689
2 145
2 379
-
other
1 018
811
901
-
accident
278
222
247
-
health
810
646
717
-
payroll
643
513
569
-
chamber of commerce
85
68
76
-
unemployment
643
513
569
-
surtax
85
85
85
-
total
6 251
5 003
5 543
-
Corporate
1 628
2 408
17 331
-
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.

407
602
4 332
-
total
407
602
4 332
-
Dividends
-
1 806
-
-
withholding
-
496
-
-
total
-
496
-
-
Income
24 500
24 500
24 500
24 500
Total tax
12 979
10 458
15 041
10 930
After tax
11 521
14 042
9 459
13 570
Living cost
15 110
15 110
15 110
15 110
Free-cash
-3 589
-1 068
-5 651
-1 540

Estimated living cost  is ₴15110 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2447
-₴5110
-₴15103
-₴1828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
2 829
communal

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

-
-
-
1 300
national
-
-
-
7 183
total
-
-
-
11 312
Employee

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

30 674
-
18 977
-
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.

2 301
-
1 423
-
national
9 430
-
4 981
-
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.

267
-
165
-
communal

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

1 600
-
990
-
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.

1 441
-
892
-
total
15 039
-
8 451
-
Employer

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

30 674
-
18 977
-
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.

2 718
-
1 681
-
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.

399
-
247
-
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.

1 886
-
1 167
-
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.

448
-
277
-
surtax
3 478
-
2 152
-
total
8 929
-
5 524
-
Corporate
-
24 500
-
-
surtax
-
98
-
-
income
-
4 900
-
-
total
-
4 998
-
-
Dividends
-
19 503
-
-
withholding

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

-
5 695
-
-
total
-
5 695
-
-
Income
24 500
24 500
24 500
24 500
Total tax
23 968
10 693
13 975
11 312
After tax
532
13 807
10 525
13 188
Living cost
15 635
15 635
15 635
15 635
Free-cash
-15 103
-1 828
-5 110
-2 447

Estimated living cost  is ₴15635 per week

₴10071
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.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1989
-₴1815
-₴3648
₴1063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
24
unemployment
-
-
-
172
accident
-
-
-
221
income
-
-
-
3 653
pensions
-
-
-
6 933
total
-
-
-
11 003
Employee
21 346
-
18 577
-
income
4 504
-
3 726
-
pensions
1 003
-
873
-
unemployment
331
-
288
-
other
21
-
19
-
total
5 859
-
4 906
-
Employer
21 346
-
18 577
-
pensions
5 037
-
4 384
-
other
170
-
149
-
accident
422
-
368
-
unemployment
1 174
-
1 022
-
total
6 803
-
5 923
-
Corporate
-
24 500
-
-
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.

-
3 675
-
-
total
-
3 675
-
-
Dividends
-
20 825
-
-
withholding
-
4 276
-
-
total
-
4 276
-
-
Income
24 500
24 500
24 500
24 500
Total tax
12 662
7 951
10 829
11 003
After tax
11 838
16 549
13 671
13 497
Living cost
15 486
15 486
15 486
15 486
Free-cash
-3 648
1 063
-1 815
-1 989

Estimated living cost  is ₴15486 per week

₴11404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7086
-₴6593
-₴11854
-₴7912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
accident
-
-
-
221
health
-
-
-
1 837
income
-
-
-
1 008
communal
-
-
-
-
surtax
-
-
-
1 296
pensions
-
-
-
3 920
total
-
-
-
8 282
Employee
32 474
-
21 885
-
income
3 137
-
1 110
-
pensions
2 598
-
1 750
-
health
1 445
-
974
-
surtax
1 990
-
1 341
-
total
9 170
-
5 175
-
Employer
32 474
-
21 885
-
pensions
2 598
-
1 750
-
accident
292
-
197
-
health
990
-
667
-
total
3 880
-
2 614
-
Corporate
-
24 500
-
-
communal
-
1 654
-
-
surtax
-
257
-
-
income
-
3 675
-
-
total
-
5 586
-
-
Dividends
-
18 914
-
-
withholding
-
2 837
-
-
income
-
685
-
-
total
-
3 522
-
-
Income
24 500
24 500
24 500
24 500
Total tax
13 050
9 108
7 789
8 282
After tax
11 450
15 392
16 711
16 218
Living cost
23 304
23 304
23 304
23 304
Free-cash
-11 854
-7 912
-6 593
-7 086

Estimated living cost  is ₴23304 per week

₴17481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
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.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4227
₴3702
₴4416
₴5778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 740
income
-
-
-
3 686
surtax
-
-
-
217
pensions
-
-
-
4 900
total
-
-
-
10 641
Employee
14 441
-
20 239
-
income
2 421
-
3 455
-
pensions
963
-
1 350
-
unemployment
1 005
-
1 409
-
health
369
-
516
-
other
-
-
-
-
surtax
51
-
177
-
total
4 809
-
6 907
-
Employer
14 441
-
20 239
-
pensions
1 925
-
2 698
-
other
-
-
-
-
health
657
-
920
-
unemployment
458
-
641
-
total
3 040
-
4 259
-
Corporate
7 019
24 500
-
-
income
1 824
6 370
-
-
total
1 824
6 370
-
-
Dividends
5 194
18 130
-
-
withholding
779
2 720
-
-
total
779
2 720
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 452
9 090
11 166
10 641
After tax
14 048
15 410
13 334
13 859
Living cost
9 632
9 632
9 632
9 632
Free-cash
4 416
5 778
3 702
4 227

Estimated living cost  is ₴9632 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and 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 of data for Athens model

Close
Naples , Italy
₴1707
₴332
₴374
₴1327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
6 302
municipal
-
-
-
146
national
-
-
-
4 425
regional
-
-
-
369
total
-
-
-
11 242
Employee
23 787
-
24 500
-
national
3 769
-
3 896
-
social contributions
8 021
-
8 261
-
municipal
126
-
130
-
regional
320
-
330
-
total
12 236
-
12 617
-
Employer
23 787
-
24 500
-
total
-
-
-
-
Corporate
713
24 500
-
-
nationa
171
5 880
-
-
municipal
36
1 217
-
-
total
207
7 097
-
-
Dividends
506
17 402
-
-
withholding
132
4 525
-
-
total
132
4 525
-
-
Income
24 500
24 500
24 500
24 500
Total tax
12 575
11 622
12 617
11 242
After tax
11 925
12 878
11 883
13 258
Living cost
11 551
11 551
11 551
11 551
Free-cash
374
1 327
332
1 707

Estimated living cost  is ₴11551 per week

₴7184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴757
-₴257
-₴505
₴4178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
7 154
health
-
-
-
3 307
income
-
-
-
2 106
solidarity contribution
-
-
-
-
total
-
-
-
12 567
Employee
18 661
-
18 284
-
income
2 239
-
2 194
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
1 188
-
health
2 519
-
2 468
-
total
5 971
-
5 850
-
Employer
18 661
-
18 284
-
health
1 679
-
1 646
-
social contributions
4 665
-
4 571
-
total
6 344
-
6 217
-
Corporate
-
24 500
-
-
income
-
4 655
-
-
total
-
4 655
-
-
Dividends
-
19 845
-
-
withholding
-
2 977
-
-
total
-
2 977
-
-
Income
24 500
24 500
24 500
24 500
Total tax
12 315
7 632
12 067
12 567
After tax
12 185
16 868
12 433
11 933
Living cost
12 690
12 690
12 690
12 690
Free-cash
-505
4 178
-257
-757

Estimated living cost  is ₴12690 per week

₴9437
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.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26
-₴4199
-₴46
₴407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
chamber of commerce
-
-
-
98
unemployment
-
-
-
2 630
health
-
-
-
1 874
income
-
-
-
1 710
surtax
-
-
-
-
pensions
-
-
-
4 533
total
-
-
-
10 845
Employee
18 745
17 089
19 024
-
income
1 670
1 261
1 750
-
pensions
1 920
1 750
1 948
-
unemployment
562
513
570
-
health
725
662
736
-
other
187
171
190
-
total
5 064
4 357
5 194
-
Employer
18 745
17 089
19 024
-
pensions
2 353
2 145
2 388
-
other
890
811
904
-
accident
243
222
247
-
health
709
646
719
-
payroll
562
513
570
-
chamber of commerce
75
68
76
-
unemployment
562
513
570
-
surtax
-
-
-
-
total
5 394
4 918
5 474
-
Corporate
1 628
2 493
17 397
-
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.

407
623
4 350
-
total
407
623
4 350
-
Dividends
-
1 869
-
-
withholding
-
514
-
-
total
-
514
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 865
10 412
15 018
10 845
After tax
13 635
14 088
9 482
13 655
Living cost
13 681
13 681
13 681
13 681
Free-cash
-46
407
-4 199
-26

Estimated living cost  is ₴13681 per week

₴8207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18233
₴13578
₴16123
₴17253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
24 500
microenterprise

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

-
-
-
245
total
-
-
-
245
Employee
7 527
-
24 500
-
income
1 506
-
4 900
-
total
1 506
-
4 900
-
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%.

16 973
24 500
-
-
total
-
-
-
-
Dividends
16 973
24 500
-
-
withholding
849
1 225
-
-
total
849
1 225
-
-
Income
24 500
24 500
24 500
24 500
Total tax
2 355
1 225
4 900
245
After tax
22 145
23 275
19 600
24 255
Living cost
6 022
6 022
6 022
6 022
Free-cash
16 123
17 253
13 578
18 233

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1980
₴1272
₴1779
₴5366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
unemployment
-
-
-
37
health
-
-
-
2 410
income
-
-
-
4 097
pensions
-
-
-
4 474
total
-
-
-
11 018
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.

18 962
-
21 199
-
income
3 270
-
3 740
-
pensions
2 939
-
3 286
-
unemployment
27
-
29
-
health
1 225
-
1 370
-
total
7 461
-
8 425
-
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.

18 962
-
21 199
-
pensions
1 678
-
1 876
-
health
1 263
-
1 412
-
unemployment
11
-
13
-
total
2 952
-
3 301
-
Corporate
2 585
24 500
-
-
income
492
4 655
-
-
total
492
4 655
-
-
Dividends
2 094
19 845
-
-
withholding
314
2 977
-
-
total
314
2 977
-
-
Income
24 500
24 500
24 500
24 500
Total tax
11 219
7 632
11 726
11 018
After tax
13 281
16 868
12 774
13 482
Living cost
11 502
11 502
11 502
11 502
Free-cash
1 779
5 366
1 272
1 980

Estimated living cost  is ₴11502 per week

₴7894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1528
₴414
-₴39285
-₴3553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
2 793
income
-
-
-
4 776
total
-
-
-
7 569
Employee
26 467
-
-
-
income
5 838
-
-
-
social contributions
2 170
-
309
-
total
8 008
-
309
-
Employer
26 467
-
-
-
social contributions
37 318
-
5 318
-
total
37 318
-
5 318
-
Corporate
-
24 500
-
-
income
-
5 390
-
-
total
-
5 390
-
-
Dividends
-
19 110
-
-
income
-
4 204
-
-
total
-
4 204
-
-
Income
24 500
24 500
24 500
24 500
Total tax
45 326
9 594
5 627
7 569
After tax
-20 826
14 906
18 873
16 931
Living cost
18 459
18 459
18 459
18 459
Free-cash
-39 285
-3 553
414
-1 528

Estimated living cost  is ₴18459 per week

₴11977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Oslo model

Close
Lisbon , Portugal
₴694
₴43
₴53
₴484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
social contributions

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

-
-
-
8 514
income
-
-
-
1 841
surtax
-
-
-
-
total
-
-
-
10 355
Employee
19 722
-
19 798
-
income
4 102
-
4 126
-
social contributions
2 169
-
2 178
-
surtax
-
-
-
-
total
6 271
-
6 304
-
Employer
19 722
-
19 798
-
social contributions
4 684
-
4 702
-
total
4 684
-
4 702
-
Corporate
94
24 500
-
-
surtax
-
-
-
-
income
20
5 145
-
-
total
20
5 145
-
-
Dividends
74
19 355
-
-
withholding
21
5 420
-
-
total
21
5 420
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 996
10 565
11 006
10 355
After tax
13 504
13 935
13 494
14 145
Living cost
13 451
13 451
13 451
13 451
Free-cash
53
484
43
694

Estimated living cost  is ₴13451 per week

₴10064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6025
-₴5806
-₴10746
-₴8363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
759
social contributions
-
-
-
698
health
-
-
-
212
income
-
-
-
1 090
surtax
-
-
-
-
pensions
-
-
-
7 055
total
-
-
-
9 814
Employee
26 858
-
18 669
-
income
2 343
-
1 121
-
pensions
3 038
-
2 112
-
social contributions
765
-
532
-
surtax
-
-
-
-
total
6 146
-
3 765
-
Employer
26 858
-
18 669
-
pensions
4 413
-
3 067
-
other
927
-
644
-
health
1 880
-
1 307
-
unemployment
1 088
-
756
-
social contributions
81
-
56
-
total
8 389
-
5 830
-
Corporate
-
24 500
-
-
surtax
-
-
-
-
income
-
6 860
-
-
total
-
6 860
-
-
Dividends
-
17 640
-
-
surtax
-
-
-
-
social contributions
-
3 034
-
-
withholding
-
2 258
-
-
total
-
5 292
-
-
Income
24 500
24 500
24 500
24 500
Total tax
14 535
12 152
9 595
9 814
After tax
9 965
12 348
14 905
14 686
Living cost
20 711
20 711
20 711
20 711
Free-cash
-10 746
-8 363
-5 806
-6 025

Estimated living cost  is ₴20711 per week

₴14017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
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.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6220
₴6928
₴7719
₴9160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
5 390
income
-
-
-
-
total
-
-
-
5 390
Employee
13 786
-
21 212
-
social contributions
896
-
1 379
-
income
-
-
15
-
total
896
-
1 394
-
Employer
13 786
-
21 212
-
social contributions
2 137
-
3 288
-
total
2 137
-
3 288
-
Corporate
8 577
24 500
-
-
income
858
2 450
-
-
total
858
2 450
-
-
Dividends
7 719
22 050
-
-
total
-
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
3 891
2 450
4 682
5 390
After tax
20 609
22 050
19 818
19 110
Living cost
12 890
12 890
12 890
12 890
Free-cash
7 719
9 160
6 928
6 220

Estimated living cost  is ₴12890 per week

₴8335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
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.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4747
-₴68961
-₴68961
-₴68961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
municipal
-
-
-
3 968
national
-
-
-
2 318
labour market
-
-
-
1 930
pensions
-
-
-
372
total
-
-
-
8 588
Employee
87 195
87 195
87 195
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 652
10 652
10 652
-
municipal
18 568
18 568
18 568
-
total
36 310
36 310
36 310
-
Employer
87 195
87 195
87 195
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
72 802
72 802
72 802
8 588
After tax
-48 302
-48 302
-48 302
15 912
Living cost
20 659
20 659
20 659
20 659
Free-cash
-68 961
-68 961
-68 961
-4 747

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7673
₴3679
₴566
-₴7275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
4 593
pensions
-
-
-
1 777
total
-
-
-
7 568
Employee
14 566
-
20 352
-
income
1 998
-
2 792
-
pensions
1 640
-
2 292
-
health
1 668
-
2 330
-
total
5 306
-
7 414
-
Employer
14 566
-
20 352
-
pensions
2 368
-
3 309
-
accident
243
-
340
-
unemployment
357
-
499
-
total
2 968
-
4 148
-
Corporate
6 966
24 500
-
-
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.

6 269
22 050
-
-
total
6 269
22 050
-
-
Dividends
697
2 450
-
-
withholding
132
466
-
-
total
132
466
-
-
Income
24 500
24 500
24 500
24 500
Total tax
14 675
22 516
11 562
7 568
After tax
9 825
1 984
12 938
16 932
Living cost
9 259
9 259
9 259
9 259
Free-cash
566
-7 275
3 679
7 673

Estimated living cost  is ₴9259 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2549
-₴1337
-₴2317
₴468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
24 500
municipal
-
-
-
4 374
health
-
-
-
199
national
-
-
-
915
total
-
-
-
5 488
Employee
22 561
-
20 611
-
pensions
1 523
-
1 392
-
national
373
-
267
-
municipal
3 695
-
3 379
-
unemployment
339
-
309
-
health
168
-
138
-
total
6 098
-
5 485
-
Employer
22 561
-
20 611
-
pensions
3 914
-
3 576
-
accident
23
-
20
-
health
173
-
159
-
unemployment
146
-
134
-
total
4 256
-
3 889
-
Corporate
-
24 500
-
-
income
-
4 900
-
-
total
-
4 900
-
-
Dividends

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

-
14 700
-
-
municipal
-
2 646
-
-
national
-
23
-
-
total
-
2 669
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 354
7 569
9 374
5 488
After tax
14 146
16 931
15 126
19 012
Living cost
16 463
16 463
16 463
16 463
Free-cash
-2 317
468
-1 337
2 549

Estimated living cost  is ₴16463 per week

₴10754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9288
₴6716
₴5778
₴4875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
3 822
health
-
-
-
625
income
-
-
-
837
total
-
-
-
5 284
Employee
32 974
32 974
32 974
-
income
3 590
3 052
3 374
-
social contributions
1 247
2 737
1 846
-
health
256
561
378
-
total
5 093
6 350
5 598
-
Employer
32 974
32 974
32 974
-
health
277
610
412
-
social contributions
1 247
2 737
1 846
-
total
1 524
3 347
2 258
-
Corporate
7 955
-
-
-
income
994
-
-
-
total
994
-
-
-
Dividends
6 961
-
-
-
withholding
1 183
-
-
-
total
1 183
-
-
-
Income
24 500
24 500
24 500
24 500
Total tax
8 794
9 697
7 856
5 284
After tax
15 706
14 803
16 644
19 216
Living cost
9 928
9 928
9 928
9 928
Free-cash
5 778
4 875
6 716
9 288

Estimated living cost  is ₴9928 per week

₴5950
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.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11329
₴8368
₴11299
₴13480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 500
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
2 071
pensions
-
-
-
2 728
total
-
-
-
6 363
Employee

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

9 843
-
22 213
-
income
673
-
1 706
-
pensions
1 476
-
3 332
-
unemployment
49
-
111
-
health
837
-
1 888
-
total
3 035
-
7 037
-
Employer

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

9 843
-
22 213
-
pensions
541
-
1 221
-
health
423
-
955
-
unemployment
49
-
111
-
total
1 013
-
2 287
-
Corporate
13 644
24 500
-
-
income
1 228
2 205
-
-
total
1 228
2 205
-
-
Dividends
12 416
22 295
-
-
withholding
1 117
2 007
-
-
total
1 117
2 007
-
-
Income
24 500
24 500
24 500
24 500
Total tax
6 393
4 212
9 324
6 363
After tax
18 107
20 288
15 176
18 137
Living cost
6 808
6 808
6 808
6 808
Free-cash
11 299
13 480
8 368
11 329

Estimated living cost  is ₴6808 per week

₴4344
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1705
₴1879
₴2472
₴4757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
24
unemployment
-
-
-
172
accident
-
-
-
221
income
-
-
-
3 653
pensions
-
-
-
6 933
total
-
-
-
11 003
Employee
15 856
-
18 577
-
income
3 057
-
3 726
-
pensions
745
-
873
-
unemployment
246
-
288
-
other
15
-
19
-
total
4 063
-
4 906
-
Employer
15 856
-
18 577
-
pensions
3 742
-
4 384
-
other
127
-
149
-
accident
314
-
368
-
unemployment
872
-
1 022
-
total
5 055
-
5 923
-
Corporate
3 589
24 500
-
-
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.

539
3 675
-
-
total
539
3 675
-
-
Dividends
3 050
20 825
-
-
withholding
579
4 276
-
-
total
579
4 276
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 236
7 951
10 829
11 003
After tax
14 264
16 549
13 671
13 497
Living cost
11 792
11 792
11 792
11 792
Free-cash
2 472
4 757
1 879
1 705

Estimated living cost  is ₴11792 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14061
₴13978
₴13921
₴14114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
health
-
-
-
621
income
-
-
-
7 787
pensions
-
-
-
857
total
-
-
-
9 265
Employee
1 789
-
23 536
-
income
346
-
7 742
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
8 384
-
Employer
1 789
-
23 536
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
22 309
24 500
-
-
income
4 908
5 390
-
-
total
4 908
5 390
-
-
Dividends
17 401
19 110
-
-
withholding
3 480
3 822
-
-
total
3 480
3 822
-
-
Income
24 500
24 500
24 500
24 500
Total tax
9 405
9 212
9 348
9 265
After tax
15 095
15 288
15 152
15 235
Living cost
1 174
1 174
1 174
1 174
Free-cash
13 921
14 114
13 978
14 061

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4710
₴5766
₴8174
₴10285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
unemployment
-
-
-
368
health
-
-
-
2 524
income
-
-
-
3 112
pensions
-
-
-
6 370
total
-
-
-
12 374
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.

11 183
-
20 780
-
income
1 542
-
3 463
-
pensions
1 566
-
2 909
-
unemployment
84
-
156
-
health
576
-
1 070
-
total
3 768
-
7 598
-
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.

11 183
-
20 780
-
pensions
1 342
-
2 494
-
health
576
-
1 070
-
unemployment
84
-
156
-
total
2 002
-
3 720
-
Corporate
11 315
24 500
-
-
income
1 697
3 675
-
-
total
1 697
3 675
-
-
Dividends
9 618
20 825
-
-
withholding
1 443
3 124
-
-
total
1 443
3 124
-
-
Income
24 500
24 500
24 500
24 500
Total tax
8 910
6 799
11 318
12 374
After tax
15 590
17 701
13 182
12 126
Living cost
7 416
7 416
7 416
7 416
Free-cash
8 174
10 285
5 766
4 710

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2584
₴1933
₴2221
₴2374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
social contributions

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

-
-
-
8 514
income
-
-
-
1 841
surtax
-
-
-
-
total
-
-
-
10 355
Employee
16 643
-
19 798
-
income
3 252
-
4 126
-
social contributions
1 831
-
2 178
-
surtax
-
-
-
-
total
5 083
-
6 304
-
Employer
16 643
-
19 798
-
social contributions
3 952
-
4 702
-
total
3 952
-
4 702
-
Corporate
3 904
24 500
-
-
surtax
-
-
-
-
income
820
5 145
-
-
total
820
5 145
-
-
Dividends
3 084
19 355
-
-
withholding
863
5 420
-
-
total
863
5 420
-
-
Income
24 500
24 500
24 500
24 500
Total tax
10 718
10 565
11 006
10 355
After tax
13 782
13 935
13 494
14 145
Living cost
11 561
11 561
11 561
11 561
Free-cash
2 221
2 374
1 933
2 584

Estimated living cost  is ₴11561 per week

₴8188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
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.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1574
-₴1400
-₴2813
₴1478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
24
unemployment
-
-
-
172
accident
-
-
-
221
income
-
-
-
3 653
pensions
-
-
-
6 933
total
-
-
-
11 003
Employee
20 710
-
18 577
-
income
4 326
-
3 726
-
pensions
973
-
873
-
unemployment
321
-
288
-
other
20
-
19
-
total
5 640
-
4 906
-
Employer
20 710
-
18 577
-
pensions
4 887
-
4 384
-
other
166
-
149
-
accident
410
-
368
-
unemployment
1 139
-
1 022
-
total
6 602
-
5 923
-
Corporate
-
24 500
-
-
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.

-
3 675
-
-
total
-
3 675
-
-
Dividends
-
20 825
-
-
withholding
-
4 276
-
-
total
-
4 276
-
-
Income
24 500
24 500
24 500
24 500
Total tax
12 242
7 951
10 829
11 003
After tax
12 258
16 549
13 671
13 497
Living cost
15 071
15 071
15 071
15 071
Free-cash
-2 813
1 478
-1 400
-1 574

Estimated living cost  is ₴15071 per week

₴10823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9452
₴9862
₴10960
₴13573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
3 675
pensions

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

-
-
-
2 216
total
-
-
-
7 673
Employee
9 766
-
21 562
-
income
977
-
2 156
-
pensions

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

857
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 390
-
4 325
-
Employer
9 766
-
21 562
-
pensions

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

1 076
-
1 650
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 033
-
unemployment
59
-
90
-
total
1 916
-
2 938
-
Corporate
12 818
24 500
-
-
income
1 282
2 450
-
-
total
1 282
2 450
-
-
Dividends
11 536
22 050
-
-
withholding
577
1 102
-
-
total
577
1 102
-
-
Income
24 500
24 500
24 500
24 500
Total tax
6 165
3 552
7 263
7 673
After tax
18 335
20 948
17 237
16 827
Living cost
7 375
7 375
7 375
7 375
Free-cash
10 960
13 573
9 862
9 452

Estimated living cost  is ₴7375 per week

₴4878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1560
₴2215
₴1748
-₴3862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
trade
-
-
-
655
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.

-
-
-
2 930
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.

-
-
-
2 654
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.

-
-
-
146
total
-
-
-
6 385
Employee

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

21 336
-
24 500
-
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.

97
-
146
-
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.

1 754
-
2 654
-
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.

2 930
-
2 930
-
total
4 781
-
5 730
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 164
24 500
-
-
trade
454
3 515
-
-
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.

26
202
-
-
income
474
3 675
-
-
chamber of commerce
70
101
-
-
total
1 024
7 493
-
-
Dividends
2 139
17 007
-
-
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.

20
225
-
-
withholding
372
4 089
-
-
total
392
4 314
-
-
Income
24 500
24 500
24 500
24 500
Total tax
6 197
11 807
5 730
6 385
After tax
18 303
12 693
18 770
18 115
Living cost
16 555
16 555
16 555
16 555
Free-cash
1 748
-3 862
2 215
1 560

Estimated living cost  is ₴16555 per week

₴11420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
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.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5276
-₴5276
-₴9043
-₴7277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
1 792
income
-
-
-
3 557
total
-
-
-
5 349
Employee
33 543
-
24 500
-
social contributions
2 787
-
1 792
-
income
6 329
-
3 557
-
total
9 116
-
5 349
-
Employer
33 543
-
24 500
-
total
-
-
-
-
Corporate
-
24 500
-
-
income
-
3 062
-
-
total
-
3 062
-
-
Dividends
-
21 438
-
-
withholding
-
4 288
-
-
total
-
4 288
-
-
Income
24 500
24 500
24 500
24 500
Total tax
9 116
7 350
5 349
5 349
After tax
15 384
17 150
19 151
19 151
Living cost
24 427
24 427
24 427
24 427
Free-cash
-9 043
-7 277
-5 276
-5 276

Estimated living cost  is ₴24427 per week

₴18584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6135
₴2140
₴577
-₴1907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
health

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

-
-
-
2 863
income
-
-
-
12 206
total
-
-
-
15 069
Employee
19 672
-
22 527
-
social contributions
1 971
-
1 973
-
income
2 135
-
2 848
-
total
4 106
-
4 821
-
Employer
19 672
-
22 527
-
social contributions
1 971
-
1 973
-
total
1 971
-
1 973
-
Corporate
2 857
24 500
-
-
income
1 000
8 575
-
-
total
1 000
8 575
-
-
Dividends
1 857
15 925
-
-
social contributions
1 280
2 266
-
-
total
1 280
2 266
-
-
Income
24 500
24 500
24 500
24 500
Total tax
8 357
10 841
6 794
15 069
After tax
16 143
13 659
17 706
9 431
Living cost
15 566
15 566
15 566
15 566
Free-cash
577
-1 907
2 140
-6 135

Estimated living cost  is ₴15566 per week

₴10253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2393
-₴75
-₴128
₴2338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
income
-
-
-
4 603
pensions
-
-
-
1 485
total
-
-
-
6 088
Employee
21 989
-
21 878
-
income
4 004
-
3 985
-
pensions
1 678
-
1 665
-
health
287
-
285
-
total
5 969
-
5 935
-
Employer
21 989
-
21 878
-
pensions
2 222
-
2 205
-
health
418
-
416
-
total
2 640
-
2 621
-
Corporate
-
24 500
-
-
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.

-
4 655
-
-
total
-
4 655
-
-
Dividends
-
19 845
-
-
withholding
-
1 488
-
-
total
-
1 488
-
-
Income
24 500
24 500
24 500
24 500
Total tax
8 609
6 143
8 556
6 088
After tax
15 891
18 357
15 944
18 412
Living cost
16 019
16 019
16 019
16 019
Free-cash
-128
2 338
-75
2 393

Estimated living cost  is ₴16019 per week

₴10989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6756
₴2762
₴425
-₴8192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
4 593
pensions
-
-
-
1 777
total
-
-
-
7 568
Employee
16 008
-
20 352
-
income
2 196
-
2 792
-
pensions
1 802
-
2 292
-
health
1 833
-
2 330
-
total
5 831
-
7 414
-
Employer
16 008
-
20 352
-
pensions
2 603
-
3 309
-
accident
267
-
340
-
unemployment
392
-
499
-
total
3 262
-
4 148
-
Corporate
5 230
24 500
-
-
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.

4 707
22 050
-
-
total
4 707
22 050
-
-
Dividends
523
2 450
-
-
withholding
99
466
-
-
total
99
466
-
-
Income
24 500
24 500
24 500
24 500
Total tax
13 899
22 516
11 562
7 568
After tax
10 601
1 984
12 938
16 932
Living cost
10 176
10 176
10 176
10 176
Free-cash
425
-8 192
2 762
6 756

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
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.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8704
₴8704
₴12951
₴15035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 500
work injury
-
-
-
123
unemployment
-
-
-
294
income
-
-
-
3 268
health insurance
-
-
-
1 813
pensions
-
-
-
4 508
total
-
-
-
10 006
Employee

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

9 264
-
24 500
-
income
926
-
3 268
-
work injury
46
-
123
-
pensions
1 705
-
4 508
-
unemployment
111
-
294
-
health insurance
686
-
1 813
-
total
3 474
-
10 006
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
15 236
24 500
-
-
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
15 236
24 500
-
-
withholding
2 285
3 675
-
-
total
2 285
3 675
-
-
Income
24 500
24 500
24 500
24 500
Total tax
5 759
3 675
10 006
10 006
After tax
18 741
20 825
14 494
14 494
Living cost
5 790
5 790
5 790
5 790
Free-cash
12 951
15 035
8 704
8 704

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3849
-₴5207
-₴11635
-₴4178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
24 500
social contributions
-
-
-
6 302
municipal
-
-
-
164
national
-
-
-
4 425
regional
-
-
-
375
total
-
-
-
11 266
Employee
36 135
-
24 500
-
national
6 106
-
3 896
-
social contributions
12 184
-
8 261
-
municipal
216
-
146
-
regional
546
-
321
-
total
19 052
-
12 624
-
Employer
36 135
-
24 500
-
total
-
-
-
-
Corporate
-
24 500
-
-
nationa
-
5 880
-
-
municipal
-
1 181
-
-
total
-
7 061
-
-
Dividends
-
17 439
-
-
withholding
-
4 534
-
-
total
-
4 534
-
-
Income
24 500
24 500
24 500
24 500
Total tax
19 052
11 595
12 624
11 266
After tax
5 448
12 905
11 876
13 234
Living cost
17 083
17 083
17 083
17 083
Free-cash
-11 635
-4 178
-5 207
-3 849

Estimated living cost  is ₴17083 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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