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
₴ 25500
per

Your estimated
City
free-cash

Dresden , Germany
-₴63
₴4687
₴5582
₴6454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
trade
-
-
-
872
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.

-
-
-
2 943
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.

-
-
-
2 934
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.

-
-
-
162
total
-
-
-
6 911
Employee

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

16 425
-
25 500
-
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.

2 934
-
2 934
-
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
-
162
-
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.

459
-
2 943
-
total
3 418
-
6 039
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
9 075
25 500
-
-
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.

75
210
-
-
income
1 361
3 825
-
-
trade
1 429
4 016
-
-
chamber of commerce
78
102
-
-
total
2 943
8 153
-
-
Dividends
6 131
17 347
-
-
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.

75
230
-
-
withholding
1 370
4 173
-
-
total
1 445
4 403
-
-
Income
25 500
25 500
25 500
25 500
Total tax
7 806
12 556
6 039
6 911
After tax
17 694
12 944
19 461
18 589
Living cost
13 007
13 007
13 007
13 007
Free-cash
4 687
-63
6 454
5 582

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5755
-₴11137
-₴5724
-₴5525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
municipal
-
-
-
2 441
pensions
-
-
-
3 060
national
-
-
-
3 782
social contributions
-
-
-
274
total
-
-
-
9 557
Employee
33 588
-
22 045
-
municipal
4 149
-
2 540
-
pensions
1 344
-
882
-
national
6 429
-
3 935
-
total
11 922
-
7 357
-
Employer
33 588
-
22 045
-
social contributions
361
-
237
-
pensions
2 687
-
1 764
-
total
3 048
-
2 001
-
Corporate
-
25 500
-
-
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%.

-
5 100
-
-
total
-
5 100
-
-
Dividends
-
20 400
-
-
withholding
-
4 488
-
-
total
-
4 488
-
-
Income
25 500
25 500
25 500
25 500
Total tax
14 970
9 588
9 358
9 557
After tax
10 530
15 912
16 142
15 943
Living cost
21 667
21 667
21 667
21 667
Free-cash
-11 137
-5 755
-5 525
-5 724

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
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.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11466
₴7942
₴11389
₴5637
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
microenterprise
-
-
-
3 825
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 352
total
-
-
-
5 177
Employee
12 548
-
20 549
-
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.

1 381
-
2 261
-
surtax
-
-
-
-
income
2 234
-
3 718
-
total
3 615
-
5 979
-
Employer
12 548
-
20 549
-
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.

3 023
-
4 950
-
surtax
-
-
-
-
total
3 023
-
4 950
-
Corporate
9 929
25 500
-
-
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%.

1 986
5 100
-
-
total
1 986
5 100
-
-
Dividends

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

7 943
20 400
-
-
total
-
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
8 624
5 100
10 929
5 177
After tax
16 876
20 400
14 571
20 323
Living cost
8 934
8 934
8 934
8 934
Free-cash
7 942
11 466
5 637
11 389

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14733
-₴17144
-₴3419
-₴17144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
2 424
pensions
-
-
-
4 590
health
-
-
-
3 915
total
-
-
-
10 929
Employee
36 672
36 672
36 672
-
health
5 629
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
6 601
5 031
6 601
-
total
18 233
15 822
18 233
-
Employer
36 672
36 672
36 672
-
unemployment
1 320
1 320
1 320
-
pensions
2 552
2 552
2 552
-
health
2 549
2 549
2 549
-
total
6 421
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
24 654
22 243
24 654
10 929
After tax
846
3 257
846
14 571
Living cost
17 990
17 990
17 990
17 990
Free-cash
-17 144
-14 733
-17 144
-3 419

Estimated living cost  is ₴17990 per week

₴12749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2623
-₴5485
-₴3834
-₴2929
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
municipal
-
-
-
5 401
accident
-
-
-
51
pensions
-
-
-
2 757
other
-
-
-
2 963
unemployment
-
-
-
25
health
-
-
-
1 591
national
-
-
-
-
total
-
-
-
12 788
Employee
23 577
-
19 403
-
municipal
7 031
-
5 786
-
national
-
-
-
-
total
7 031
-
5 786
-
Employer
23 577
-
19 403
-
accident
47
-
39
-
other
2 740
-
2 255
-
unemployment
622
-
512
-
pensions
2 549
-
2 098
-
health
1 450
-
1 193
-
total
7 408
-
6 097
-
Corporate
-
25 500
-
-
income
-
5 610
-
-
total
-
5 610
-
-
Dividends
-
19 890
-
-
withholding
-
5 967
-
-
total
-
5 967
-
-
Income
25 500
25 500
25 500
25 500
Total tax
14 439
11 577
11 883
12 788
After tax
11 061
13 923
13 617
12 712
Living cost
16 546
16 546
16 546
16 546
Free-cash
-5 485
-2 623
-2 929
-3 834

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4056
₴1977
₴1681
₴2591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
trade
-
-
-
910
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.

-
-
-
2 943
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.

-
-
-
2 934
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.

-
-
-
162
total
-
-
-
6 949
Employee

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

21 778
-
25 500
-
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.

2 934
-
2 934
-
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
-
162
-
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.

1 871
-
2 943
-
total
4 908
-
6 039
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 722
25 500
-
-
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.

31
210
-
-
income
558
3 825
-
-
trade
612
4 194
-
-
chamber of commerce
70
102
-
-
total
1 271
8 331
-
-
Dividends
2 451
17 168
-
-
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.

24
227
-
-
withholding
450
4 128
-
-
total
474
4 355
-
-
Income
25 500
25 500
25 500
25 500
Total tax
6 653
12 686
6 039
6 949
After tax
18 847
12 814
19 461
18 551
Living cost
16 870
16 870
16 870
16 870
Free-cash
1 977
-4 056
2 591
1 681

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1860
₴3055
₴5947
₴3551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
996
health
-
-
-
650
social contributions
-
-
-
3 978
total
-
-
-
5 624
Employee
33 022
33 022
33 022
-
social contributions
1 605
2 741
1 922
-
health
328
561
394
-
income
3 468
3 057
3 353
-
total
5 401
6 359
5 669
-
Employer
33 022
33 022
33 022
-
social contributions
1 605
2 741
1 922
-
health
358
611
429
-
total
1 963
3 352
2 351
-
Corporate
4 208
-
-
-
income
526
-
-
-
total
526
-
-
-
Dividends
3 683
-
-
-
withholding
626
-
-
-
total
626
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
8 516
9 711
8 020
5 624
After tax
16 984
15 789
17 480
19 876
Living cost
13 929
13 929
13 929
13 929
Free-cash
3 055
1 860
3 551
5 947

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6651
₴6812
₴9887
₴7003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 117
pensions
-
-
-
2 550
unemployment
-
-
-
382
health
-
-
-
1 785
total
-
-
-
7 834
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.

11 229
4 469
21 339
-
health
786
313
1 494
-
income
1 373
546
2 609
-
pensions
1 123
447
2 134
-
unemployment
168
67
320
-
total
3 450
1 373
6 557
-
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.

11 229
4 469
21 339
-
pensions
2 190
871
4 161
-
total
2 190
871
4 161
-
Corporate
12 081
20 160
-
-
income
1 087
1 814
-
-
total
1 087
1 814
-
-
Dividends
10 994
18 345
-
-
social contributions
2 093
3 526
-
-
withholding
2 089
3 486
-
-
total
4 182
7 012
-
-
Income
25 500
25 500
25 500
25 500
Total tax
10 909
11 070
10 718
7 834
After tax
14 591
14 430
14 782
17 666
Living cost
7 779
7 779
7 779
7 779
Free-cash
6 812
6 651
7 003
9 887

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10028
₴7359
₴3679
₴4568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 033
pensions
-
-
-
5 101
health
-
-
-
3 315
total
-
-
-
11 449
Employee
12 182
-
19 059
-
income
1 372
-
3 434
-
pensions
244
-
381
-
unemployment
195
-
305
-
total
1 811
-
4 120
-
Employer
12 182
-
19 059
-
unemployment
98
-
152
-
pensions
2 437
-
3 811
-
health
1 583
-
2 477
-
total
4 118
-
6 440
-
Corporate
9 200
25 500
-
-
income
1 840
5 100
-
-
total
1 840
5 100
-
-
Dividends
7 360
20 400
-
-
total
-
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
7 769
5 100
10 560
11 449
After tax
17 731
20 400
14 940
14 051
Living cost
10 372
10 372
10 372
10 372
Free-cash
7 359
10 028
4 568
3 679

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7314
₴629
₴8231
₴4045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
accident
-
-
-
108
income
-
-
-
4 920
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
7 890
Employee
14 754
-
21 183
-
health
1 689
-
2 425
-
income
2 024
-
2 949
-
pensions
1 661
-
2 385
-
total
5 374
-
7 759
-
Employer
14 754
-
21 183
-
accident
246
-
354
-
unemployment
361
-
519
-
pensions
2 399
-
3 444
-
total
3 006
-
4 317
-
Corporate
7 739
25 500
-
-
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.

6 965
22 950
-
-
total
6 965
22 950
-
-
Dividends
774
2 550
-
-
withholding
147
485
-
-
total
147
485
-
-
Income
25 500
25 500
25 500
25 500
Total tax
15 492
23 435
12 076
7 890
After tax
10 008
2 065
13 424
17 610
Living cost
9 379
9 379
9 379
9 379
Free-cash
629
-7 314
4 045
8 231

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
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.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20311
₴19578
₴21331
₴16486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
25 500
microenterprise

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

-
-
-
255
total
-
-
-
255
Employee
4 892
-
25 500
-
income
978
-
5 100
-
total
978
-
5 100
-
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%.

20 608
25 500
-
-
total
-
-
-
-
Dividends
20 608
25 500
-
-
withholding
1 030
1 275
-
-
total
1 030
1 275
-
-
Income
25 500
25 500
25 500
25 500
Total tax
2 008
1 275
5 100
255
After tax
23 492
24 225
20 400
25 245
Living cost
3 914
3 914
3 914
3 914
Free-cash
19 578
20 311
16 486
21 331

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7292
₴4392
₴2366
₴3503
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 239
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.

-
-
-
6 119
other
-
-
-
1 211
health
-
-
-
1 122
total
-
-
-
11 691
Employee
15 592
-
20 368
-
health
218
-
285
-
income
2 684
-
3 506
-
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.

1 091
-
1 426
-
unemployment
156
-
204
-
total
4 149
-
5 421
-
Employer
15 592
-
20 368
-
accident
125
-
163
-
other
780
-
1 018
-
unemployment
156
-
204
-
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.

2 651
-
3 463
-
health
218
-
285
-
total
3 930
-
5 133
-
Corporate
5 978
25 500
-
-
income
1 255
5 355
-
-
total
1 255
5 355
-
-
Dividends
4 723
20 145
-
-
withholding
331
1 410
-
-
total
331
1 410
-
-
Income
25 500
25 500
25 500
25 500
Total tax
9 665
6 765
10 554
11 691
After tax
15 835
18 735
14 946
13 809
Living cost
11 443
11 443
11 443
11 443
Free-cash
4 392
7 292
3 503
2 366

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
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.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9801
-₴21006
-₴9766
-₴12367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
4 785
pensions
-
-
-
1 574
total
-
-
-
6 359
Employee
40 899
-
22 744
-
health
674
-
302
-
income
7 373
-
4 135
-
pensions
3 946
-
1 767
-
total
11 993
-
6 204
-
Employer
40 899
-
22 744
-
pensions
4 829
-
2 324
-
health
777
-
432
-
total
5 606
-
2 756
-
Corporate
-
25 500
-
-
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.

-
4 845
-
-
total
-
4 845
-
-
Dividends
-
20 655
-
-
withholding
-
1 549
-
-
total
-
1 549
-
-
Income
25 500
25 500
25 500
25 500
Total tax
17 599
6 394
8 960
6 359
After tax
7 901
19 106
16 540
19 141
Living cost
28 907
28 907
28 907
28 907
Free-cash
-21 006
-9 801
-12 367
-9 766

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16174
₴14178
₴12040
₴12500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 825
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
7 830
Employee
7 454
-
22 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
2 256
-
pensions

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

654
-
1 317
-
total
1 824
-
4 428
-
Employer
7 454
-
22 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
16 583
25 500
-
-
income
1 659
2 550
-
-
total
1 659
2 550
-
-
Dividends
14 925
22 950
-
-
withholding
746
1 147
-
-
total
746
1 147
-
-
Income
25 500
25 500
25 500
25 500
Total tax
5 693
3 697
7 371
7 830
After tax
19 807
21 803
18 129
17 670
Living cost
5 629
5 629
5 629
5 629
Free-cash
14 178
16 174
12 500
12 040

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
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.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20556
-₴21285
-₴9242
-₴22967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
2 424
pensions
-
-
-
4 590
health
-
-
-
3 915
total
-
-
-
10 929
Employee
39 814
36 672
36 672
-
health
4 967
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
5 031
5 031
6 601
-
total
16 001
15 822
18 233
-
Employer
39 814
36 672
36 672
-
unemployment
1 433
1 320
1 320
-
pensions
2 771
2 552
2 552
-
health
2 767
2 549
2 549
-
total
6 971
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
22 972
22 243
24 654
10 929
After tax
2 528
3 257
846
14 571
Living cost
23 813
23 813
23 813
23 813
Free-cash
-21 285
-20 556
-22 967
-9 242

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
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.
₴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 Amsterdam model

Close
Brno , Czech Republic
₴7293
₴3632
₴2155
₴2676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
2 192
health
-
-
-
3 443
solidarity contribution
-
-
-
-
social contributions
-
-
-
7 446
total
-
-
-
13 081
Employee
15 094
-
19 030
-
social contributions
981
-
1 237
-
health
2 038
-
2 569
-
solidarity contribution
-
-
-
-
income
1 811
-
2 284
-
total
4 830
-
6 090
-
Employer
15 094
-
19 030
-
social contributions
3 773
-
4 757
-
health
1 358
-
1 713
-
total
5 131
-
6 470
-
Corporate
5 274
25 500
-
-
income
1 002
4 845
-
-
total
1 002
4 845
-
-
Dividends
4 272
20 655
-
-
withholding
641
3 098
-
-
total
641
3 098
-
-
Income
25 500
25 500
25 500
25 500
Total tax
11 604
7 943
12 560
13 081
After tax
13 896
17 557
12 940
12 419
Living cost
10 264
10 264
10 264
10 264
Free-cash
3 632
7 293
2 676
2 155

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
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.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4515
-₴12665
-₴4214
-₴5654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
municipal
-
-
-
152
regional
-
-
-
256
national
-
-
-
4 626
social contributions
-
-
-
6 559
total
-
-
-
11 593
Employee
38 166
-
25 500
-
social contributions
12 869
-
8 598
-
regional
360
-
225
-
municipal
202
-
135
-
national
6 613
-
4 075
-
total
20 044
-
13 033
-
Employer
38 166
-
25 500
-
total
-
-
-
-
Corporate
-
25 500
-
-
nationa
-
6 120
-
-
municipal
-
994
-
-
total
-
7 114
-
-
Dividends
-
18 386
-
-
withholding
-
4 780
-
-
total
-
4 780
-
-
Income
25 500
25 500
25 500
25 500
Total tax
20 044
11 894
13 033
11 593
After tax
5 456
13 606
12 467
13 907
Living cost
18 121
18 121
18 121
18 121
Free-cash
-12 665
-4 515
-5 654
-4 214

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6564
₴5227
₴4867
₴4319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 896
pensions
-
-
-
5 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 810
surtax
-
-
-
253
total
-
-
-
11 157
Employee
14 201
-
21 065
-
other
-
-
-
-
health
363
-
537
-
surtax
46
-
211
-
income
2 380
-
3 653
-
pensions
947
-
1 405
-
unemployment
989
-
1 466
-
total
4 725
-
7 272
-
Employer
14 201
-
21 065
-
other
-
-
-
-
unemployment
450
-
667
-
pensions
1 893
-
2 808
-
health
646
-
958
-
total
2 989
-
4 433
-
Corporate
8 310
25 500
-
-
income
2 160
6 630
-
-
total
2 160
6 630
-
-
Dividends
6 149
18 870
-
-
withholding
923
2 830
-
-
total
923
2 830
-
-
Income
25 500
25 500
25 500
25 500
Total tax
10 797
9 460
11 705
11 157
After tax
14 703
16 040
13 795
14 343
Living cost
9 476
9 476
9 476
9 476
Free-cash
5 227
6 564
4 319
4 867

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
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.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴643
-₴5398
-₴608
-₴3209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
4 785
pensions
-
-
-
1 574
total
-
-
-
6 359
Employee
27 410
-
22 744
-
health
398
-
302
-
income
4 937
-
4 135
-
pensions
2 326
-
1 767
-
total
7 661
-
6 204
-
Employer
27 410
-
22 744
-
pensions
2 967
-
2 324
-
health
521
-
432
-
total
3 488
-
2 756
-
Corporate
-
25 500
-
-
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.

-
4 845
-
-
total
-
4 845
-
-
Dividends
-
20 655
-
-
withholding
-
1 549
-
-
total
-
1 549
-
-
Income
25 500
25 500
25 500
25 500
Total tax
11 149
6 394
8 960
6 359
After tax
14 351
19 106
16 540
19 141
Living cost
19 749
19 749
19 749
19 749
Free-cash
-5 398
-643
-3 209
-608

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
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.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴21137
-₴16537
-₴11190
-₴12486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
city
-
-
-
268
pensions
-
-
-
2 346
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.

-
-
-
510
regional
-
-
-
583
health
-
-
-
107
national
-
-
-
79
total
-
-
-
3 893
Employee
38 381
-
22 824
-
city
412
-
245
-
regional
1 257
-
486
-
health
87
-
51
-
pensions
3 224
-
1 917
-
unemployment
-
-
-
-
national
182
-
65
-
total
5 162
-
2 764
-
Employer
38 381
-
22 824
-
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.

767
-
457
-
unemployment
-
-
-
-
pensions
3 224
-
1 917
-
health
87
-
51
-
total
4 078
-
2 425
-
Corporate
-
25 500
-
-
regional
-
5 394
-
-
national
-
2 167
-
-
total
-
7 561
-
-
Dividends
-
17 939
-
-
withholding
-
6 279
-
-
total
-
6 279
-
-
Income
25 500
25 500
25 500
25 500
Total tax
9 240
13 840
5 189
3 893
After tax
16 260
11 660
20 311
21 607
Living cost
32 797
32 797
32 797
32 797
Free-cash
-16 537
-21 137
-12 486
-11 190

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6991
-₴309
-₴1161
-₴212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
trade
-
-
-
949
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.

-
-
-
2 943
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.

-
-
-
2 934
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.

-
-
-
162
total
-
-
-
6 988
Employee

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

25 808
-
25 500
-
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.

2 934
-
2 934
-
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
-
162
-
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.

3 035
-
2 943
-
total
6 136
-
6 039
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
25 500
-
-
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.

-
210
-
-
income
-
3 825
-
-
trade
-
4 373
-
-
chamber of commerce
-
101
-
-
total
-
8 509
-
-
Dividends
-
16 990
-
-
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.

-
225
-
-
withholding
-
4 084
-
-
total
-
4 309
-
-
Income
25 500
25 500
25 500
25 500
Total tax
6 136
12 818
6 039
6 988
After tax
19 364
12 682
19 461
18 512
Living cost
19 673
19 673
19 673
19 673
Free-cash
-309
-6 991
-212
-1 161

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
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.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1841
₴698
₴571
₴777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
1 183
pensions
-
-
-
7 316
other
-
-
-
790
health
-
-
-
221
surtax
-
-
-
-
social contributions
-
-
-
727
total
-
-
-
10 237
Employee
18 379
-
19 431
-
social contributions
524
-
553
-
surtax
-
-
-
-
income
1 085
-
1 212
-
pensions
2 078
-
2 197
-
total
3 687
-
3 962
-
Employer
18 379
-
19 431
-
other
634
-
671
-
social contributions
55
-
59
-
unemployment
744
-
787
-
pensions
3 019
-
3 192
-
health
1 287
-
1 360
-
total
5 739
-
6 069
-
Corporate
1 381
25 500
-
-
surtax
-
-
-
-
income
387
7 140
-
-
total
387
7 140
-
-
Dividends
994
18 360
-
-
surtax
-
-
-
-
social contributions
170
3 159
-
-
withholding
127
2 350
-
-
total
297
5 509
-
-
Income
25 500
25 500
25 500
25 500
Total tax
10 110
12 649
10 031
10 237
After tax
15 390
12 851
15 469
15 263
Living cost
14 692
14 692
14 692
14 692
Free-cash
698
-1 841
777
571

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
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.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴386
₴2000
₴2026
₴2232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
1 183
pensions
-
-
-
7 316
other
-
-
-
790
health
-
-
-
221
surtax
-
-
-
-
social contributions
-
-
-
727
total
-
-
-
10 237
Employee
16 406
-
19 431
-
social contributions
468
-
553
-
surtax
-
-
-
-
income
846
-
1 212
-
pensions
1 856
-
2 197
-
total
3 170
-
3 962
-
Employer
16 406
-
19 431
-
other
566
-
671
-
social contributions
49
-
59
-
unemployment
664
-
787
-
pensions
2 696
-
3 192
-
health
1 148
-
1 360
-
total
5 123
-
6 069
-
Corporate
3 970
25 500
-
-
surtax
-
-
-
-
income
1 112
7 140
-
-
total
1 112
7 140
-
-
Dividends
2 859
18 360
-
-
surtax
-
-
-
-
social contributions
492
3 159
-
-
withholding
366
2 350
-
-
total
858
5 509
-
-
Income
25 500
25 500
25 500
25 500
Total tax
10 263
12 649
10 031
10 237
After tax
15 237
12 851
15 469
15 263
Living cost
13 237
13 237
13 237
13 237
Free-cash
2 000
-386
2 232
2 026

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6451
₴6674
₴7270
₴6150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 825
health
-
-
-
1 780
social contributions
-
-
-
3 519
total
-
-
-
9 124
Employee
14 560
-
25 500
-
social contributions
2 010
-
3 519
-
health
1 016
-
1 780
-
income
2 429
-
4 945
-
total
5 455
-
10 244
-
Employer
14 560
-
25 500
-
total
-
-
-
-
Corporate
10 940
25 500
-
-
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%.

547
1 275
-
-
total
547
1 275
-
-
Dividends
10 393
24 225
-
-
health
725
1 691
-
-
social contributions
1 434
3 343
-
-
withholding
1 559
3 634
-
-
total
3 718
8 668
-
-
Income
25 500
25 500
25 500
25 500
Total tax
9 720
9 943
10 244
9 124
After tax
15 780
15 557
15 256
16 376
Living cost
9 106
9 106
9 106
9 106
Free-cash
6 674
6 451
6 150
7 270

Estimated living cost  is ₴9106 per week

₴6094
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.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴541
-₴2629
-₴1084
-₴5447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
chamber of commerce
-
-
-
102
income
-
-
-
1 962
pensions
-
-
-
4 718
unemployment
-
-
-
2 634
health
-
-
-
1 951
surtax
-
-
-
85
total
-
-
-
11 452
Employee
21 461
17 114
19 734
-
other
214
171
197
-
health
830
663
764
-
income
2 443
1 262
1 949
-
pensions
2 198
1 752
2 021
-
unemployment
644
513
592
-
total
6 329
4 361
5 523
-
Employer
21 461
17 114
19 734
-
accident
279
222
257
-
other
1 019
812
937
-
chamber of commerce
86
68
79
-
unemployment
644
513
592
-
surtax
85
85
85
-
pensions
2 693
2 148
2 477
-
payroll
644
513
592
-
health
811
647
746
-
total
6 261
5 008
5 765
-
Corporate
1 630
3 376
18 107
-
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
844
4 527
-
total
407
844
4 527
-
Dividends
-
2 532
-
-
withholding
-
696
-
-
total
-
696
-
-
Income
25 500
25 500
25 500
25 500
Total tax
12 997
10 909
15 815
11 452
After tax
12 503
14 591
9 685
14 048
Living cost
15 132
15 132
15 132
15 132
Free-cash
-2 629
-541
-5 447
-1 084

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1293
-₴14159
-₴2078
-₴4767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
national
-
-
-
7 536
communal

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

-
-
-
1 348
social contributions
-
-
-
3 036
total
-
-
-
11 920
Employee

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

30 718
-
19 751
-
communal

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

1 602
-
1 030
-
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.

1 443
-
928
-
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.

2 304
-
1 482
-
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
-
172
-
national
9 444
-
5 248
-
total
15 060
-
8 860
-
Employer

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

30 718
-
19 751
-
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
-
257
-
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
-
288
-
surtax
3 483
-
2 239
-
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.

2 722
-
1 750
-
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.

1 889
-
1 215
-
total
8 941
-
5 749
-
Corporate
-
25 500
-
-
surtax
-
102
-
-
income
-
5 100
-
-
total
-
5 202
-
-
Dividends
-
20 298
-
-
withholding

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

-
5 933
-
-
total
-
5 933
-
-
Income
25 500
25 500
25 500
25 500
Total tax
24 001
11 135
14 609
11 920
After tax
1 499
14 365
10 891
13 580
Living cost
15 658
15 658
15 658
15 658
Free-cash
-14 159
-1 293
-4 767
-2 078

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1712
-₴2690
-₴1518
-₴1339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
accident
-
-
-
230
income
-
-
-
3 860
pensions
-
-
-
7 216
other
-
-
-
25
unemployment
-
-
-
178
total
-
-
-
11 509
Employee
21 376
-
19 336
-
other
21
-
20
-
income
4 510
-
3 937
-
pensions
1 005
-
909
-
unemployment
332
-
300
-
total
5 868
-
5 166
-
Employer
21 376
-
19 336
-
accident
423
-
383
-
other
170
-
154
-
unemployment
1 176
-
1 063
-
pensions
5 044
-
4 564
-
total
6 813
-
6 164
-
Corporate
-
25 500
-
-
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.

-
3 825
-
-
total
-
3 825
-
-
Dividends
-
21 675
-
-
withholding
-
4 454
-
-
total
-
4 454
-
-
Income
25 500
25 500
25 500
25 500
Total tax
12 681
8 279
11 330
11 509
After tax
12 819
17 221
14 170
13 991
Living cost
15 509
15 509
15 509
15 509
Free-cash
-2 690
1 712
-1 339
-1 518

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
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.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7346
-₴10905
-₴6535
-₴6023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
accident
-
-
-
230
income
-
-
-
1 126
pensions
-
-
-
4 080
health
-
-
-
1 912
surtax
-
-
-
1 350
communal
-
-
-
-
total
-
-
-
8 698
Employee
32 521
-
22 777
-
health
1 447
-
1 014
-
surtax
1 993
-
1 396
-
income
3 141
-
1 232
-
pensions
2 601
-
1 822
-
total
9 182
-
5 464
-
Employer
32 521
-
22 777
-
accident
293
-
205
-
pensions
2 601
-
1 822
-
health
992
-
695
-
total
3 886
-
2 722
-
Corporate
-
25 500
-
-
surtax
-
268
-
-
communal
-
1 721
-
-
income
-
3 825
-
-
total
-
5 814
-
-
Dividends
-
19 685
-
-
income
-
742
-
-
withholding
-
2 953
-
-
total
-
3 695
-
-
Income
25 500
25 500
25 500
25 500
Total tax
13 068
9 509
8 186
8 698
After tax
12 432
15 991
17 314
16 802
Living cost
23 337
23 337
23 337
23 337
Free-cash
-10 905
-7 346
-6 023
-6 535

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6394
₴5029
₴4697
₴4149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 896
pensions
-
-
-
5 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 810
surtax
-
-
-
253
total
-
-
-
11 157
Employee
14 462
-
21 065
-
other
-
-
-
-
health
369
-
537
-
surtax
51
-
211
-
income
2 424
-
3 653
-
pensions
965
-
1 405
-
unemployment
1 006
-
1 466
-
total
4 815
-
7 272
-
Employer
14 462
-
21 065
-
other
-
-
-
-
unemployment
459
-
667
-
pensions
1 928
-
2 808
-
health
658
-
958
-
total
3 045
-
4 433
-
Corporate
7 994
25 500
-
-
income
2 078
6 630
-
-
total
2 078
6 630
-
-
Dividends
5 915
18 870
-
-
withholding
887
2 830
-
-
total
887
2 830
-
-
Income
25 500
25 500
25 500
25 500
Total tax
10 825
9 460
11 705
11 157
After tax
14 675
16 040
13 795
14 343
Living cost
9 646
9 646
9 646
9 646
Free-cash
5 029
6 394
4 149
4 697

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
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.
₴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 of data for Athens model

Close
Naples , Italy
₴1835
₴882
₴2211
₴781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
municipal
-
-
-
152
regional
-
-
-
384
national
-
-
-
4 626
social contributions
-
-
-
6 559
total
-
-
-
11 721
Employee
23 821
-
25 500
-
social contributions
8 033
-
8 598
-
regional
321
-
343
-
municipal
126
-
135
-
national
3 774
-
4 075
-
total
12 254
-
13 151
-
Employer
23 821
-
25 500
-
total
-
-
-
-
Corporate
1 679
25 500
-
-
nationa
403
6 120
-
-
municipal
83
1 267
-
-
total
486
7 387
-
-
Dividends
1 193
18 113
-
-
withholding
310
4 710
-
-
total
310
4 710
-
-
Income
25 500
25 500
25 500
25 500
Total tax
13 050
12 097
13 151
11 721
After tax
12 450
13 403
12 349
13 779
Living cost
11 568
11 568
11 568
11 568
Free-cash
882
1 835
781
2 211

Estimated living cost  is ₴11568 per week

₴7194
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.
₴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.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4909
₴396
-₴229
₴292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
2 192
health
-
-
-
3 443
solidarity contribution
-
-
-
-
social contributions
-
-
-
7 446
total
-
-
-
13 081
Employee
18 600
-
19 030
-
social contributions
1 209
-
1 237
-
health
2 511
-
2 569
-
solidarity contribution
-
-
-
-
income
2 232
-
2 284
-
total
5 952
-
6 090
-
Employer
18 600
-
19 030
-
social contributions
4 650
-
4 757
-
health
1 674
-
1 713
-
total
6 324
-
6 470
-
Corporate
576
25 500
-
-
income
110
4 845
-
-
total
110
4 845
-
-
Dividends
467
20 655
-
-
withholding
70
3 098
-
-
total
70
3 098
-
-
Income
25 500
25 500
25 500
25 500
Total tax
12 456
7 943
12 560
13 081
After tax
13 044
17 557
12 940
12 419
Living cost
12 648
12 648
12 648
12 648
Free-cash
396
4 909
292
-229

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴936
₴666
₴432
-₴3995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
chamber of commerce
-
-
-
102
income
-
-
-
1 962
pensions
-
-
-
4 718
unemployment
-
-
-
2 634
health
-
-
-
1 951
surtax
-
-
-
-
total
-
-
-
11 367
Employee
18 772
17 114
19 801
-
other
187
171
198
-
health
726
663
766
-
income
1 672
1 262
1 967
-
pensions
1 922
1 752
2 028
-
unemployment
563
513
594
-
total
5 070
4 361
5 553
-
Employer
18 772
17 114
19 801
-
accident
244
222
258
-
other
892
812
941
-
chamber of commerce
75
68
79
-
unemployment
563
513
594
-
surtax
-
-
-
-
pensions
2 356
2 148
2 485
-
payroll
563
513
594
-
health
710
647
748
-
total
5 403
4 923
5 699
-
Corporate
1 630
3 461
18 171
-
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
865
4 542
-
total
407
865
4 542
-
Dividends
918
2 595
-
-
withholding
253
714
-
-
total
253
714
-
-
Income
25 500
25 500
25 500
25 500
Total tax
11 133
10 863
15 794
11 367
After tax
14 367
14 637
9 706
14 133
Living cost
13 701
13 701
13 701
13 701
Free-cash
666
936
-3 995
432

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
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.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18126
₴16982
₴19146
₴14301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
25 500
microenterprise

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

-
-
-
255
total
-
-
-
255
Employee
7 624
-
25 500
-
income
1 525
-
5 100
-
total
1 525
-
5 100
-
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%.

17 876
25 500
-
-
total
-
-
-
-
Dividends
17 876
25 500
-
-
withholding
894
1 275
-
-
total
894
1 275
-
-
Income
25 500
25 500
25 500
25 500
Total tax
2 419
1 275
5 100
255
After tax
23 081
24 225
20 400
25 245
Living cost
6 099
6 099
6 099
6 099
Free-cash
16 982
18 126
14 301
19 146

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6039
₴2446
₴2440
₴1710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
income
-
-
-
4 338
pensions
-
-
-
4 657
unemployment
-
-
-
38
health
-
-
-
2 509
total
-
-
-
11 542
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.

18 990
-
22 065
-
health
1 226
-
1 425
-
income
3 275
-
3 961
-
pensions
2 944
-
3 420
-
unemployment
27
-
31
-
total
7 472
-
8 837
-
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.

18 990
-
22 065
-
unemployment
11
-
13
-
pensions
1 680
-
1 953
-
health
1 265
-
1 469
-
total
2 956
-
3 435
-
Corporate
3 554
25 500
-
-
income
676
4 845
-
-
total
676
4 845
-
-
Dividends
2 878
20 655
-
-
withholding
432
3 098
-
-
total
432
3 098
-
-
Income
25 500
25 500
25 500
25 500
Total tax
11 536
7 943
12 272
11 542
After tax
13 964
17 557
13 228
13 958
Living cost
11 518
11 518
11 518
11 518
Free-cash
2 446
6 039
1 710
2 440

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
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.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3038
-₴38608
-₴929
₴1292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
4 970
social contributions
-
-
-
2 907
total
-
-
-
7 877
Employee
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
-
25 500
-
-
income
-
5 610
-
-
total
-
5 610
-
-
Dividends
-
19 890
-
-
income
-
4 376
-
-
total
-
4 376
-
-
Income
25 500
25 500
25 500
25 500
Total tax
45 556
9 986
5 656
7 877
After tax
-20 056
15 514
19 844
17 623
Living cost
18 552
18 552
18 552
18 552
Free-cash
-38 608
-3 038
1 292
-929

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1034
₴602
₴1214
₴495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
income
-
-
-
1 954
surtax
-
-
-
-
social contributions

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

-
-
-
8 862
total
-
-
-
10 816
Employee
19 751
-
20 606
-
social contributions
2 173
-
2 266
-
surtax
-
-
-
-
income
4 108
-
4 375
-
total
6 281
-
6 641
-
Employer
19 751
-
20 606
-
social contributions
4 691
-
4 894
-
total
4 691
-
4 894
-
Corporate
1 059
25 500
-
-
surtax
-
-
-
-
income
222
5 355
-
-
total
222
5 355
-
-
Dividends
836
20 145
-
-
withholding
234
5 641
-
-
total
234
5 641
-
-
Income
25 500
25 500
25 500
25 500
Total tax
11 428
10 996
11 535
10 816
After tax
14 072
14 504
13 965
14 684
Living cost
13 470
13 470
13 470
13 470
Free-cash
602
1 034
495
1 214

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
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.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7890
-₴9797
-₴5478
-₴5272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
1 183
pensions
-
-
-
7 316
other
-
-
-
790
health
-
-
-
221
surtax
-
-
-
-
social contributions
-
-
-
727
total
-
-
-
10 237
Employee
26 896
-
19 431
-
social contributions
766
-
553
-
surtax
-
-
-
-
income
2 347
-
1 212
-
pensions
3 042
-
2 197
-
total
6 155
-
3 962
-
Employer
26 896
-
19 431
-
other
928
-
671
-
social contributions
81
-
59
-
unemployment
1 090
-
787
-
pensions
4 419
-
3 192
-
health
1 883
-
1 360
-
total
8 401
-
6 069
-
Corporate
-
25 500
-
-
surtax
-
-
-
-
income
-
7 140
-
-
total
-
7 140
-
-
Dividends
-
18 360
-
-
surtax
-
-
-
-
social contributions
-
3 159
-
-
withholding
-
2 350
-
-
total
-
5 509
-
-
Income
25 500
25 500
25 500
25 500
Total tax
14 556
12 649
10 031
10 237
After tax
10 944
12 851
15 469
15 263
Living cost
20 741
20 741
20 741
20 741
Free-cash
-9 797
-7 890
-5 272
-5 478

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
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.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10041
₴8599
₴6965
₴7679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
16
social contributions
-
-
-
5 610
total
-
-
-
5 626
Employee
13 806
-
22 078
-
income
-
-
55
-
social contributions
897
-
1 435
-
total
897
-
1 490
-
Employer
13 806
-
22 078
-
social contributions
2 140
-
3 422
-
total
2 140
-
3 422
-
Corporate
9 554
25 500
-
-
income
955
2 550
-
-
total
955
2 550
-
-
Dividends
8 599
22 950
-
-
total
-
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
3 992
2 550
4 912
5 626
After tax
21 508
22 950
20 588
19 874
Living cost
12 909
12 909
12 909
12 909
Free-cash
8 599
10 041
7 679
6 965

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
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.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴68058
-₴68058
-₴4182
-₴68058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
municipal
-
-
-
4 181
pensions
-
-
-
372
national
-
-
-
2 439
labour market
-
-
-
2 010
total
-
-
-
9 002
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
72 878
72 878
72 878
9 002
After tax
-47 378
-47 378
-47 378
16 498
Living cost
20 680
20 680
20 680
20 680
Free-cash
-68 058
-68 058
-68 058
-4 182

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
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.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7176
₴647
₴8369
₴4183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
accident
-
-
-
108
income
-
-
-
4 920
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
7 890
Employee
14 536
-
21 183
-
health
1 665
-
2 425
-
income
1 994
-
2 949
-
pensions
1 637
-
2 385
-
total
5 296
-
7 759
-
Employer
14 536
-
21 183
-
accident
243
-
354
-
unemployment
356
-
519
-
pensions
2 364
-
3 444
-
total
2 963
-
4 317
-
Corporate
8 001
25 500
-
-
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.

7 201
22 950
-
-
total
7 201
22 950
-
-
Dividends
800
2 550
-
-
withholding
152
485
-
-
total
152
485
-
-
Income
25 500
25 500
25 500
25 500
Total tax
15 612
23 435
12 076
7 890
After tax
9 888
2 065
13 424
17 610
Living cost
9 241
9 241
9 241
9 241
Free-cash
647
-7 176
4 183
8 369

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1102
-₴1358
₴3167
-₴782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
25 500
municipal
-
-
-
4 551
health
-
-
-
214
national
-
-
-
1 081
total
-
-
-
5 846
Employee
22 594
-
21 452
-
health
169
-
151
-
municipal
3 701
-
3 516
-
pensions
1 525
-
1 448
-
unemployment
339
-
322
-
national
373
-
311
-
total
6 107
-
5 748
-
Employer
22 594
-
21 452
-
accident
23
-
21
-
unemployment
147
-
139
-
pensions
3 920
-
3 722
-
health
174
-
165
-
total
4 264
-
4 047
-
Corporate
-
25 500
-
-
income
-
5 100
-
-
total
-
5 100
-
-
Dividends

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

-
15 300
-
-
national
-
57
-
-
municipal
-
2 754
-
-
total
-
2 811
-
-
Income
25 500
25 500
25 500
25 500
Total tax
10 371
7 911
9 795
5 846
After tax
15 129
17 589
15 705
19 654
Living cost
16 487
16 487
16 487
16 487
Free-cash
-1 358
1 102
-782
3 167

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5846
₴6488
₴9933
₴7537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
996
health
-
-
-
650
social contributions
-
-
-
3 978
total
-
-
-
5 624
Employee
33 022
33 022
33 022
-
social contributions
1 248
2 741
1 922
-
health
256
561
394
-
income
3 595
3 057
3 353
-
total
5 099
6 359
5 669
-
Employer
33 022
33 022
33 022
-
social contributions
1 248
2 741
1 922
-
health
278
611
429
-
total
1 526
3 352
2 351
-
Corporate
8 931
-
-
-
income
1 116
-
-
-
total
1 116
-
-
-
Dividends
7 815
-
-
-
withholding
1 328
-
-
-
total
1 328
-
-
-
Income
25 500
25 500
25 500
25 500
Total tax
9 069
9 711
8 020
5 624
After tax
16 431
15 789
17 480
19 876
Living cost
9 943
9 943
9 943
9 943
Free-cash
6 488
5 846
7 537
9 933

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
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.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴14298
₴12113
₴12203
₴8971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 500
income
-
-
-
2 181
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
6 479
Employee

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

9 857
-
23 119
-
health
838
-
1 965
-
income
674
-
1 781
-
pensions
1 478
-
3 468
-
unemployment
49
-
116
-
total
3 039
-
7 330
-
Employer

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

9 857
-
23 119
-
unemployment
49
-
116
-
pensions
542
-
1 271
-
health
424
-
994
-
total
1 015
-
2 381
-
Corporate
14 628
25 500
-
-
income
1 317
2 295
-
-
total
1 317
2 295
-
-
Dividends
13 311
23 205
-
-
withholding
1 198
2 089
-
-
total
1 198
2 089
-
-
Income
25 500
25 500
25 500
25 500
Total tax
6 569
4 384
9 711
6 479
After tax
18 931
21 116
15 789
19 021
Living cost
6 818
6 818
6 818
6 818
Free-cash
12 113
14 298
8 971
12 203

Estimated living cost  is ₴6818 per week

₴4350
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.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5412
₴3140
₴2182
₴2361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
accident
-
-
-
230
income
-
-
-
3 860
pensions
-
-
-
7 216
other
-
-
-
25
unemployment
-
-
-
178
total
-
-
-
11 509
Employee
15 879
-
19 336
-
other
15
-
20
-
income
3 061
-
3 937
-
pensions
746
-
909
-
unemployment
246
-
300
-
total
4 068
-
5 166
-
Employer
15 879
-
19 336
-
accident
315
-
383
-
other
127
-
154
-
unemployment
874
-
1 063
-
pensions
3 747
-
4 564
-
total
5 063
-
6 164
-
Corporate
4 559
25 500
-
-
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.

684
3 825
-
-
total
684
3 825
-
-
Dividends
3 875
21 675
-
-
withholding
736
4 454
-
-
total
736
4 454
-
-
Income
25 500
25 500
25 500
25 500
Total tax
10 551
8 279
11 330
11 509
After tax
14 949
17 221
14 170
13 991
Living cost
11 809
11 809
11 809
11 809
Free-cash
3 140
5 412
2 361
2 182

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
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.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14737
₴14543
₴14710
₴14626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
8 136
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
9 615
Employee
1 790
-
24 536
-
health
90
-
214
-
income
346
-
8 091
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
8 734
-
Employer
1 790
-
24 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
23 307
25 500
-
-
income
5 128
5 610
-
-
total
5 128
5 610
-
-
Dividends
18 179
19 890
-
-
withholding
3 636
3 978
-
-
total
3 636
3 978
-
-
Income
25 500
25 500
25 500
25 500
Total tax
9 782
9 588
9 699
9 615
After tax
15 718
15 912
15 801
15 885
Living cost
1 175
1 175
1 175
1 175
Free-cash
14 543
14 737
14 626
14 710

Estimated living cost  is ₴1175 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.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11004
₴8894
₴5175
₴6272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
income
-
-
-
3 267
pensions
-
-
-
6 630
unemployment
-
-
-
382
health
-
-
-
2 626
total
-
-
-
12 905
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.

11 188
-
21 628
-
health
576
-
1 114
-
income
1 542
-
3 633
-
pensions
1 566
-
3 028
-
unemployment
84
-
162
-
total
3 768
-
7 937
-
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.

11 188
-
21 628
-
unemployment
84
-
162
-
pensions
1 343
-
2 595
-
health
576
-
1 114
-
total
2 003
-
3 871
-
Corporate
12 309
25 500
-
-
income
1 846
3 825
-
-
total
1 846
3 825
-
-
Dividends
10 463
21 675
-
-
withholding
1 569
3 251
-
-
total
1 569
3 251
-
-
Income
25 500
25 500
25 500
25 500
Total tax
9 186
7 076
11 808
12 905
After tax
16 314
18 424
13 692
12 595
Living cost
7 420
7 420
7 420
7 420
Free-cash
8 894
11 004
6 272
5 175

Estimated living cost  is ₴7420 per week

₴4996
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
₴2927
₴2772
₴3107
₴2388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
income
-
-
-
1 954
surtax
-
-
-
-
social contributions

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

-
-
-
8 862
total
-
-
-
10 816
Employee
16 667
-
20 606
-
social contributions
1 834
-
2 266
-
surtax
-
-
-
-
income
3 257
-
4 375
-
total
5 091
-
6 641
-
Employer
16 667
-
20 606
-
social contributions
3 958
-
4 894
-
total
3 958
-
4 894
-
Corporate
4 874
25 500
-
-
surtax
-
-
-
-
income
1 024
5 355
-
-
total
1 024
5 355
-
-
Dividends
3 851
20 145
-
-
withholding
1 078
5 641
-
-
total
1 078
5 641
-
-
Income
25 500
25 500
25 500
25 500
Total tax
11 151
10 996
11 535
10 816
After tax
14 349
14 504
13 965
14 684
Living cost
11 577
11 577
11 577
11 577
Free-cash
2 772
2 927
2 388
3 107

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2129
-₴1853
-₴1101
-₴922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
accident
-
-
-
230
income
-
-
-
3 860
pensions
-
-
-
7 216
other
-
-
-
25
unemployment
-
-
-
178
total
-
-
-
11 509
Employee
20 740
-
19 336
-
other
20
-
20
-
income
4 332
-
3 937
-
pensions
975
-
909
-
unemployment
321
-
300
-
total
5 648
-
5 166
-
Employer
20 740
-
19 336
-
accident
411
-
383
-
other
166
-
154
-
unemployment
1 141
-
1 063
-
pensions
4 895
-
4 564
-
total
6 613
-
6 164
-
Corporate
-
25 500
-
-
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.

-
3 825
-
-
total
-
3 825
-
-
Dividends
-
21 675
-
-
withholding
-
4 454
-
-
total
-
4 454
-
-
Income
25 500
25 500
25 500
25 500
Total tax
12 261
8 279
11 330
11 509
After tax
13 239
17 221
14 170
13 991
Living cost
15 092
15 092
15 092
15 092
Free-cash
-1 853
2 129
-922
-1 101

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14417
₴11800
₴10284
₴10743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 825
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
7 830
Employee
9 780
-
22 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
2 256
-
pensions

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

859
-
1 317
-
total
2 394
-
4 428
-
Employer
9 780
-
22 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
13 801
25 500
-
-
income
1 380
2 550
-
-
total
1 380
2 550
-
-
Dividends
12 421
22 950
-
-
withholding
621
1 147
-
-
total
621
1 147
-
-
Income
25 500
25 500
25 500
25 500
Total tax
6 314
3 697
7 371
7 830
After tax
19 186
21 803
18 129
17 670
Living cost
7 386
7 386
7 386
7 386
Free-cash
11 800
14 417
10 743
10 284

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
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.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴3373
₴2246
₴2088
₴2882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
trade
-
-
-
794
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.

-
-
-
2 943
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.

-
-
-
2 934
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.

-
-
-
162
total
-
-
-
6 833
Employee

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

21 367
-
25 500
-
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.

2 934
-
2 934
-
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
-
162
-
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.

1 757
-
2 943
-
total
4 788
-
6 039
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 133
25 500
-
-
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.

34
210
-
-
income
620
3 825
-
-
trade
593
3 659
-
-
chamber of commerce
71
103
-
-
total
1 318
7 797
-
-
Dividends
2 814
17 703
-
-
surtax

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

29
235
-
-
withholding
540
4 262
-
-
total
569
4 497
-
-
Income
25 500
25 500
25 500
25 500
Total tax
6 675
12 294
6 039
6 833
After tax
18 825
13 206
19 461
18 667
Living cost
16 579
16 579
16 579
16 579
Free-cash
2 246
-3 373
2 882
2 088

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6613
-₴8093
-₴4619
-₴4619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
3 755
social contributions
-
-
-
1 901
total
-
-
-
5 656
Employee
33 591
-
25 500
-
income
6 339
-
3 755
-
social contributions
2 791
-
1 901
-
total
9 130
-
5 656
-
Employer
33 591
-
25 500
-
total
-
-
-
-
Corporate
-
25 500
-
-
income
-
3 187
-
-
total
-
3 187
-
-
Dividends
-
22 313
-
-
withholding
-
4 463
-
-
total
-
4 463
-
-
Income
25 500
25 500
25 500
25 500
Total tax
9 130
7 650
5 656
5 656
After tax
16 370
17 850
19 844
19 844
Living cost
24 463
24 463
24 463
24 463
Free-cash
-8 093
-6 613
-4 619
-4 619

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
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.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1283
₴1204
-₴5191
₴2868
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
income
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
23 525
-
income
2 138
-
3 093
-
social contributions
1 974
-
1 975
-
total
4 112
-
5 068
-
Employer
19 700
-
23 525
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
3 826
25 500
-
-
income
1 339
8 925
-
-
total
1 339
8 925
-
-
Dividends
2 487
16 575
-
-
social contributions
1 282
2 269
-
-
total
1 282
2 269
-
-
Income
25 500
25 500
25 500
25 500
Total tax
8 707
11 194
7 043
15 102
After tax
16 793
14 306
18 457
10 398
Living cost
15 589
15 589
15 589
15 589
Free-cash
1 204
-1 283
2 868
-5 191

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3051
₴613
₴3086
₴485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
income
-
-
-
4 785
pensions
-
-
-
1 574
total
-
-
-
6 359
Employee
22 038
-
22 744
-
health
287
-
302
-
income
4 013
-
4 135
-
pensions
1 682
-
1 767
-
total
5 982
-
6 204
-
Employer
22 038
-
22 744
-
pensions
2 227
-
2 324
-
health
419
-
432
-
total
2 646
-
2 756
-
Corporate
817
25 500
-
-
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.

155
4 845
-
-
total
155
4 845
-
-
Dividends
662
20 655
-
-
withholding
49
1 549
-
-
total
49
1 549
-
-
Income
25 500
25 500
25 500
25 500
Total tax
8 832
6 394
8 960
6 359
After tax
16 668
19 106
16 540
19 141
Living cost
16 055
16 055
16 055
16 055
Free-cash
613
3 051
485
3 086

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8091
₴508
₴7454
₴3268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
accident
-
-
-
108
income
-
-
-
4 920
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
7 890
Employee
15 975
-
21 183
-
health
1 829
-
2 425
-
income
2 192
-
2 949
-
pensions
1 799
-
2 385
-
total
5 820
-
7 759
-
Employer
15 975
-
21 183
-
accident
267
-
354
-
unemployment
391
-
519
-
pensions
2 597
-
3 444
-
total
3 255
-
4 317
-
Corporate
6 269
25 500
-
-
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.

5 642
22 950
-
-
total
5 642
22 950
-
-
Dividends
627
2 550
-
-
withholding
119
485
-
-
total
119
485
-
-
Income
25 500
25 500
25 500
25 500
Total tax
14 836
23 435
12 076
7 890
After tax
10 664
2 065
13 424
17 610
Living cost
10 156
10 156
10 156
10 156
Free-cash
508
-8 091
3 268
7 454

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15888
₴13805
₴9251
₴9251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25 500
work injury
-
-
-
128
health insurance
-
-
-
1 887
income
-
-
-
3 449
pensions
-
-
-
4 692
unemployment
-
-
-
306
total
-
-
-
10 462
Employee

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

9 259
-
25 500
-
work injury
46
-
128
-
income
926
-
3 449
-
pensions
1 704
-
4 692
-
health insurance
685
-
1 887
-
unemployment
111
-
306
-
total
3 472
-
10 462
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 241
25 500
-
-
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
16 241
25 500
-
-
withholding
2 436
3 825
-
-
total
2 436
3 825
-
-
Income
25 500
25 500
25 500
25 500
Total tax
5 908
3 825
10 462
10 462
After tax
19 592
21 675
15 038
15 038
Living cost
5 787
5 787
5 787
5 787
Free-cash
13 805
15 888
9 251
9 251

Estimated living cost  is ₴5787 per week

₴3585
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.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3676
-₴10687
-₴3358
-₴4772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
25 500
municipal
-
-
-
170
regional
-
-
-
395
national
-
-
-
4 626
social contributions
-
-
-
6 559
total
-
-
-
11 750
Employee
36 187
-
25 500
-
social contributions
12 202
-
8 598
-
regional
546
-
339
-
municipal
216
-
152
-
national
6 115
-
4 075
-
total
19 079
-
13 164
-
Employer
36 187
-
25 500
-
total
-
-
-
-
Corporate
-
25 500
-
-
nationa
-
6 120
-
-
municipal
-
1 229
-
-
total
-
7 349
-
-
Dividends
-
18 151
-
-
withholding
-
4 719
-
-
total
-
4 719
-
-
Income
25 500
25 500
25 500
25 500
Total tax
19 079
12 068
13 164
11 750
After tax
6 421
13 432
12 336
13 750
Living cost
17 108
17 108
17 108
17 108
Free-cash
-10 687
-3 676
-4 772
-3 358

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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