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
₴ 26000
per

Your estimated
City
free-cash

Dresden , Germany
₴5827
₴6770
₴4920
₴155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
trade
-
-
-
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.

-
-
-
2 941
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.

-
-
-
3 081
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.

-
-
-
169
total
-
-
-
7 134
Employee

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

16 465
-
26 000
-
surtax

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

25
-
169
-
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.

460
-
3 081
-
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.

2 941
-
2 941
-
total
3 426
-
6 191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
9 535
26 000
-
-
trade
1 501
4 095
-
-
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.

78
215
-
-
income
1 430
3 900
-
-
chamber of commerce
79
103
-
-
total
3 088
8 313
-
-
Dividends
6 446
17 687
-
-
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.

79
234
-
-
withholding
1 448
4 259
-
-
total
1 527
4 493
-
-
Income
26 000
26 000
26 000
26 000
Total tax
8 041
12 806
6 191
7 134
After tax
17 959
13 194
19 809
18 866
Living cost
13 039
13 039
13 039
13 039
Free-cash
4 920
155
6 770
5 827

Estimated living cost  is ₴13039 per week

₴8202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1520
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.
₴3073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5486
-₴5282
-₴10720
-₴5493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
280
municipal
-
-
-
2 498
national
-
-
-
3 871
pensions
-
-
-
3 120
total
-
-
-
9 769
Employee
33 665
-
22 477
-
pensions
1 347
-
899
-
national
6 443
-
4 027
-
municipal
4 158
-
2 599
-
total
11 948
-
7 525
-
Employer
33 665
-
22 477
-
pensions
2 693
-
1 798
-
social contributions
362
-
242
-
total
3 055
-
2 040
-
Corporate
-
26 000
-
-
income

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

-
5 200
-
-
total
-
5 200
-
-
Dividends
-
20 800
-
-
withholding
-
4 576
-
-
total
-
4 576
-
-
Income
26 000
26 000
26 000
26 000
Total tax
15 003
9 776
9 565
9 769
After tax
10 997
16 224
16 435
16 231
Living cost
21 717
21 717
21 717
21 717
Free-cash
-10 720
-5 493
-5 282
-5 486

Estimated living cost  is ₴21717 per week

₴14761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11789
₴5894
₴8313
₴11844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
social contributions

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

-
-
-
1 355
income
-
-
-
-
microenterprise
-
-
-
3 900
surtax
-
-
-
-
total
-
-
-
5 255
Employee
12 579
-
20 952
-
income
2 239
-
3 798
-
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.

1 384
-
2 304
-
surtax
-
-
-
-
total
3 623
-
6 102
-
Employer
12 579
-
20 952
-
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.

3 030
-
5 048
-
surtax
-
-
-
-
total
3 030
-
5 048
-
Corporate
10 391
26 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

2 078
5 200
-
-
total
2 078
5 200
-
-
Dividends

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

8 313
20 800
-
-
total
-
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
8 731
5 200
11 150
5 255
After tax
17 269
20 800
14 850
20 745
Living cost
8 956
8 956
8 956
8 956
Free-cash
8 313
11 844
5 894
11 789

Estimated living cost  is ₴8956 per week

₴5713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
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.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴3180
-₴16746
-₴16746
-₴14330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
health
-
-
-
3 991
income
-
-
-
2 476
pensions
-
-
-
4 680
total
-
-
-
11 147
Employee
36 761
36 761
36 761
-
income

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

6 017
6 017
6 017
-
pensions
6 617
5 044
6 617
-
health
5 642
4 799
5 642
-
total
18 276
15 860
18 276
-
Employer
36 761
36 761
36 761
-
pensions
2 559
2 559
2 559
-
health
2 555
2 555
2 555
-
unemployment
1 323
1 323
1 323
-
total
6 437
6 437
6 437
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
24 713
22 297
24 713
11 147
After tax
1 287
3 703
1 287
14 853
Living cost
18 033
18 033
18 033
18 033
Free-cash
-16 746
-14 330
-16 746
-3 180

Estimated living cost  is ₴18033 per week

₴12780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴3548
-₴2626
-₴4916
-₴2313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
3 021
unemployment
-
-
-
26
accident
-
-
-
52
municipal
-
-
-
5 507
health
-
-
-
1 622
national
-
-
-
-
pensions
-
-
-
2 811
total
-
-
-
13 039
Employee
23 524
-
19 784
-
national
-
-
-
-
municipal
7 015
-
5 900
-
total
7 015
-
5 900
-
Employer
23 524
-
19 784
-
pensions
2 543
-
2 139
-
other
2 734
-
2 299
-
accident
47
-
40
-
health
1 447
-
1 217
-
unemployment
621
-
522
-
total
7 392
-
6 217
-
Corporate
-
26 000
-
-
income
-
5 720
-
-
total
-
5 720
-
-
Dividends
-
20 280
-
-
withholding
-
6 084
-
-
total
-
6 084
-
-
Income
26 000
26 000
26 000
26 000
Total tax
14 407
11 804
12 117
13 039
After tax
11 593
14 196
13 883
12 961
Living cost
16 509
16 509
16 509
16 509
Free-cash
-4 916
-2 313
-2 626
-3 548

Estimated living cost  is ₴16509 per week

₴10942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1620
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.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1914
₴2898
₴2199
-₴3850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
trade
-
-
-
984
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.

-
-
-
2 941
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.

-
-
-
3 081
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.

-
-
-
169
total
-
-
-
7 175
Employee

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

21 830
-
26 000
-
surtax

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

103
-
169
-
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.

1 876
-
3 081
-
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.

2 941
-
2 941
-
total
4 920
-
6 191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 170
26 000
-
-
trade
686
4 277
-
-
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
215
-
-
income
626
3 900
-
-
chamber of commerce
71
102
-
-
total
1 417
8 494
-
-
Dividends
2 752
17 506
-
-
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
232
-
-
withholding
524
4 213
-
-
total
553
4 445
-
-
Income
26 000
26 000
26 000
26 000
Total tax
6 890
12 939
6 191
7 175
After tax
19 110
13 061
19 809
18 825
Living cost
16 911
16 911
16 911
16 911
Free-cash
2 199
-3 850
2 898
1 914

Estimated living cost  is ₴16911 per week

₴11310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1783
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.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6249
₴3933
₴3383
₴2304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
4 056
health
-
-
-
663
income
-
-
-
1 070
total
-
-
-
5 789
Employee
33 101
33 101
33 101
-
income
3 476
3 064
3 349
-
social contributions
1 608
2 747
1 959
-
health
329
563
401
-
total
5 413
6 374
5 709
-
Employer
33 101
33 101
33 101
-
health
359
613
437
-
social contributions
1 608
2 747
1 959
-
total
1 967
3 360
2 396
-
Corporate
4 657
-
-
-
income
582
-
-
-
total
582
-
-
-
Dividends
4 074
-
-
-
withholding
693
-
-
-
total
693
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
8 655
9 734
8 105
5 789
After tax
17 345
16 266
17 895
20 211
Living cost
13 962
13 962
13 962
13 962
Free-cash
3 383
2 304
3 933
6 249

Estimated living cost  is ₴13962 per week

₴9545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
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.
₴3093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10136
₴7197
₴6999
₴6836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
unemployment
-
-
-
390
health
-
-
-
1 820
income
-
-
-
3 179
pensions
-
-
-
2 600
total
-
-
-
7 989
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.

11 368
4 524
21 757
-
income
1 390
553
2 660
-
pensions
1 137
452
2 176
-
unemployment
171
68
326
-
health
796
317
1 523
-
total
3 494
1 390
6 685
-
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.

11 368
4 524
21 757
-
pensions
2 217
882
4 243
-
total
2 217
882
4 243
-
Corporate
12 415
20 593
-
-
income
1 117
1 853
-
-
total
1 117
1 853
-
-
Dividends
11 298
18 740
-
-
social contributions
2 151
3 603
-
-
withholding
2 147
3 561
-
-
total
4 298
7 164
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 126
11 289
10 928
7 989
After tax
14 874
14 711
15 072
18 011
Living cost
7 875
7 875
7 875
7 875
Free-cash
6 999
6 836
7 197
10 136

Estimated living cost  is ₴7875 per week

₴5374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴157
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3890
₴4795
₴7728
₴10402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
health
-
-
-
3 380
income
-
-
-
3 132
pensions
-
-
-
5 200
total
-
-
-
11 712
Employee
12 212
-
19 432
-
income
1 375
-
3 540
-
pensions
244
-
389
-
unemployment
195
-
311
-
total
1 814
-
4 240
-
Employer
12 212
-
19 432
-
pensions
2 443
-
3 886
-
health
1 587
-
2 526
-
unemployment
98
-
155
-
total
4 128
-
6 567
-
Corporate
9 660
26 000
-
-
income
1 932
5 200
-
-
total
1 932
5 200
-
-
Dividends
7 728
20 800
-
-
total
-
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
7 874
5 200
10 807
11 712
After tax
18 126
20 800
15 193
14 288
Living cost
10 398
10 398
10 398
10 398
Free-cash
7 728
10 402
4 795
3 890

Estimated living cost  is ₴10398 per week

₴7132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴619
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.
₴2438
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8508
₴4211
₴658
-₴7340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
159
accident
-
-
-
108
health
-
-
-
936
income
-
-
-
5 057
pensions
-
-
-
1 786
total
-
-
-
8 046
Employee
14 858
-
21 598
-
income
2 038
-
3 036
-
pensions
1 673
-
2 432
-
health
1 701
-
2 473
-
total
5 412
-
7 941
-
Employer
14 858
-
21 598
-
pensions
2 416
-
3 512
-
accident
248
-
361
-
unemployment
364
-
529
-
total
3 028
-
4 402
-
Corporate
8 113
26 000
-
-
income

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

7 302
23 400
-
-
total
7 302
23 400
-
-
Dividends
811
2 600
-
-
withholding
154
494
-
-
total
154
494
-
-
Income
26 000
26 000
26 000
26 000
Total tax
15 896
23 894
12 343
8 046
After tax
10 104
2 106
13 657
17 954
Living cost
9 446
9 446
9 446
9 446
Free-cash
658
-7 340
4 211
8 508

Estimated living cost  is ₴9446 per week

₴6923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21874
₴16934
₴20110
₴20834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
26 000
microenterprise

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

-
-
-
260
total
-
-
-
260
Employee
4 833
-
26 000
-
income
966
-
5 200
-
total
966
-
5 200
-
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%.

21 167
26 000
-
-
total
-
-
-
-
Dividends
21 167
26 000
-
-
withholding
1 058
1 300
-
-
total
1 058
1 300
-
-
Income
26 000
26 000
26 000
26 000
Total tax
2 024
1 300
5 200
260
After tax
23 976
24 700
20 800
25 740
Living cost
3 866
3 866
3 866
3 866
Free-cash
20 110
20 834
16 934
21 874

Estimated living cost  is ₴3866 per week

₴2396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2608
₴3770
₴4726
₴7632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
1 235
health
-
-
-
1 144
income
-
-
-
3 303
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.

-
-
-
6 240
total
-
-
-
11 922
Employee
15 630
-
20 766
-
income
2 691
-
3 575
-
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.

1 094
-
1 454
-
unemployment
156
-
207
-
health
219
-
291
-
total
4 160
-
5 527
-
Employer
15 630
-
20 766
-
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.

2 657
-
3 531
-
other
782
-
1 038
-
accident
125
-
166
-
health
219
-
291
-
unemployment
156
-
207
-
total
3 939
-
5 233
-
Corporate
6 431
26 000
-
-
income
1 350
5 460
-
-
total
1 350
5 460
-
-
Dividends
5 080
20 540
-
-
withholding
355
1 438
-
-
total
355
1 438
-
-
Income
26 000
26 000
26 000
26 000
Total tax
9 804
6 898
10 760
11 922
After tax
16 196
19 102
15 240
14 078
Living cost
11 470
11 470
11 470
11 470
Free-cash
4 726
7 632
3 770
2 608

Estimated living cost  is ₴11470 per week

₴8105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴185
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9528
-₴12193
-₴20712
-₴9556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
income
-
-
-
4 877
pensions
-
-
-
1 615
total
-
-
-
6 492
Employee
41 082
-
23 179
-
income
7 405
-
4 211
-
pensions
3 963
-
1 815
-
health
677
-
310
-
total
12 045
-
6 336
-
Employer
41 082
-
23 179
-
pensions
4 851
-
2 380
-
health
780
-
441
-
total
5 631
-
2 821
-
Corporate
-
26 000
-
-
income

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

-
4 940
-
-
total
-
4 940
-
-
Dividends
-
21 060
-
-
withholding
-
1 580
-
-
total
-
1 580
-
-
Income
26 000
26 000
26 000
26 000
Total tax
17 676
6 520
9 157
6 492
After tax
8 324
19 480
16 843
19 508
Living cost
29 036
29 036
29 036
29 036
Free-cash
-20 712
-9 556
-12 193
-9 528

Estimated living cost  is ₴29036 per week

₴21757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3412
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.
₴3631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12447
₴12930
₴14589
₴16589
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
unemployment
-
-
-
60
health
-
-
-
1 728
income
-
-
-
3 900
pensions

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

-
-
-
2 224
total
-
-
-
7 912
Employee
7 469
-
23 052
-
income
747
-
2 305
-
pensions

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

656
-
1 320
-
health
344
-
691
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 829
-
4 481
-
Employer
7 469
-
23 052
-
pensions

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

823
-
1 656
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
516
-
1 037
-
unemployment
45
-
90
-
total
1 466
-
2 948
-
Corporate
17 065
26 000
-
-
income
1 707
2 600
-
-
total
1 707
2 600
-
-
Dividends
15 358
23 400
-
-
withholding
768
1 170
-
-
total
768
1 170
-
-
Income
26 000
26 000
26 000
26 000
Total tax
5 770
3 770
7 429
7 912
After tax
20 230
22 230
18 571
18 088
Living cost
5 641
5 641
5 641
5 641
Free-cash
14 589
16 589
12 930
12 447

Estimated living cost  is ₴5641 per week

₴3293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴403
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.
₴1795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9017
-₴22583
-₴20897
-₴20167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
health
-
-
-
3 991
income
-
-
-
2 476
pensions
-
-
-
4 680
total
-
-
-
11 147
Employee
39 910
36 761
36 761
-
income

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

6 017
6 017
6 017
-
pensions
5 044
5 044
6 617
-
health
4 979
4 799
5 642
-
total
16 040
15 860
18 276
-
Employer
39 910
36 761
36 761
-
pensions
2 777
2 559
2 559
-
health
2 773
2 555
2 555
-
unemployment
1 437
1 323
1 323
-
total
6 987
6 437
6 437
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
23 027
22 297
24 713
11 147
After tax
2 973
3 703
1 287
14 853
Living cost
23 870
23 870
23 870
23 870
Free-cash
-20 897
-20 167
-22 583
-9 017

Estimated living cost  is ₴23870 per week

₴17608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2322
₴2854
₴3871
₴7560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
7 592
health
-
-
-
3 510
income
-
-
-
2 235
solidarity contribution
-
-
-
-
total
-
-
-
13 337
Employee
15 207
-
19 403
-
income
1 825
-
2 328
-
solidarity contribution
-
-
-
-
social contributions
988
-
1 261
-
health
2 053
-
2 619
-
total
4 866
-
6 208
-
Employer
15 207
-
19 403
-
health
1 369
-
1 746
-
social contributions
3 802
-
4 851
-
total
5 171
-
6 597
-
Corporate
5 622
26 000
-
-
income
1 068
4 940
-
-
total
1 068
4 940
-
-
Dividends
4 554
21 060
-
-
withholding
683
3 159
-
-
total
683
3 159
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 788
8 099
12 805
13 337
After tax
14 212
17 901
13 195
12 663
Living cost
10 341
10 341
10 341
10 341
Free-cash
3 871
7 560
2 854
2 322

Estimated living cost  is ₴10341 per week

₴7183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3992
-₴5461
-₴12258
-₴4292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
6 687
municipal
-
-
-
154
national
-
-
-
4 724
regional
-
-
-
263
total
-
-
-
11 828
Employee
38 258
-
26 000
-
national
6 629
-
4 163
-
social contributions
12 901
-
8 767
-
municipal
203
-
138
-
regional
361
-
229
-
total
20 094
-
13 297
-
Employer
38 258
-
26 000
-
total
-
-
-
-
Corporate
-
26 000
-
-
nationa
-
6 240
-
-
municipal
-
1 014
-
-
total
-
7 254
-
-
Dividends
-
18 746
-
-
withholding
-
4 874
-
-
total
-
4 874
-
-
Income
26 000
26 000
26 000
26 000
Total tax
20 094
12 128
13 297
11 828
After tax
5 906
13 872
12 703
14 172
Living cost
18 164
18 164
18 164
18 164
Free-cash
-12 258
-4 292
-5 461
-3 992

Estimated living cost  is ₴18164 per week

₴12662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5089
₴4528
₴5514
₴6855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 846
income
-
-
-
3 998
surtax
-
-
-
270
pensions
-
-
-
5 200
total
-
-
-
11 412
Employee
14 236
-
21 478
-
income
2 386
-
3 750
-
pensions
949
-
1 433
-
unemployment
991
-
1 495
-
health
364
-
547
-
other
-
-
-
-
surtax
47
-
227
-
total
4 737
-
7 452
-
Employer
14 236
-
21 478
-
pensions
1 898
-
2 863
-
other
-
-
-
-
health
648
-
978
-
unemployment
451
-
680
-
total
2 997
-
4 521
-
Corporate
8 768
26 000
-
-
income
2 280
6 760
-
-
total
2 280
6 760
-
-
Dividends
6 488
19 240
-
-
withholding
973
2 886
-
-
total
973
2 886
-
-
Income
26 000
26 000
26 000
26 000
Total tax
10 987
9 646
11 973
11 412
After tax
15 013
16 354
14 027
14 588
Living cost
9 499
9 499
9 499
9 499
Free-cash
5 514
6 855
4 528
5 089

Estimated living cost  is ₴9499 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴877
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.
₴2595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴329
-₴2994
-₴5036
-₴357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
income
-
-
-
4 877
pensions
-
-
-
1 615
total
-
-
-
6 492
Employee
27 532
-
23 179
-
income
4 959
-
4 211
-
pensions
2 337
-
1 815
-
health
400
-
310
-
total
7 696
-
6 336
-
Employer
27 532
-
23 179
-
pensions
2 980
-
2 380
-
health
523
-
441
-
total
3 503
-
2 821
-
Corporate
-
26 000
-
-
income

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

-
4 940
-
-
total
-
4 940
-
-
Dividends
-
21 060
-
-
withholding
-
1 580
-
-
total
-
1 580
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 199
6 520
9 157
6 492
After tax
14 801
19 480
16 843
19 508
Living cost
19 837
19 837
19 837
19 837
Free-cash
-5 036
-357
-2 994
-329

Estimated living cost  is ₴19837 per week

₴14862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
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.
₴3281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10527
-₴11853
-₴15712
-₴20654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other

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

-
-
-
520
health
-
-
-
106
city
-
-
-
273
national
-
-
-
84
regional
-
-
-
609
pensions
-
-
-
2 392
total
-
-
-
3 984
Employee
38 083
-
23 271
-
pensions
3 200
-
1 954
-
national
180
-
69
-
unemployment
-
-
-
-
city
409
-
250
-
health
86
-
53
-
regional
1 247
-
511
-
total
5 122
-
2 837
-
Employer
38 083
-
23 271
-
pensions
3 200
-
1 954
-
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.

761
-
466
-
health
86
-
53
-
unemployment
-
-
-
-
total
4 047
-
2 473
-
Corporate
-
26 000
-
-
regional
-
5 499
-
-
national
-
2 210
-
-
total
-
7 709
-
-
Dividends
-
18 291
-
-
withholding
-
6 402
-
-
total
-
6 402
-
-
Income
26 000
26 000
26 000
26 000
Total tax
9 169
14 111
5 310
3 984
After tax
16 831
11 889
20 690
22 016
Living cost
32 543
32 543
32 543
32 543
Free-cash
-15 712
-20 654
-11 853
-10 527

Estimated living cost  is ₴32543 per week

₴21162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴938
₴89
₴22
-₴6794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
trade
-
-
-
1 027
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.

-
-
-
2 941
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.

-
-
-
3 081
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.

-
-
-
169
total
-
-
-
7 218
Employee

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

25 871
-
26 000
-
surtax

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

167
-
169
-
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.

3 042
-
3 081
-
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.

2 941
-
2 941
-
total
6 150
-
6 191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
129
26 000
-
-
trade
22
4 459
-
-
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.

1
215
-
-
income
20
3 900
-
-
chamber of commerce
65
102
-
-
total
108
8 676
-
-
Dividends
21
17 324
-
-
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.

-
230
-
-
withholding
-
4 168
-
-
total
-
4 398
-
-
Income
26 000
26 000
26 000
26 000
Total tax
6 258
13 074
6 191
7 218
After tax
19 742
12 926
19 809
18 782
Living cost
19 720
19 720
19 720
19 720
Free-cash
22
-6 794
89
-938

Estimated living cost  is ₴19720 per week

₴14403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴824
₴1024
₴918
-₴1624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
806
social contributions
-
-
-
740
health
-
-
-
225
income
-
-
-
1 228
surtax
-
-
-
-
pensions
-
-
-
7 449
total
-
-
-
10 448
Employee
18 424
-
19 811
-
income
1 087
-
1 255
-
pensions
2 083
-
2 241
-
social contributions
525
-
564
-
surtax
-
-
-
-
total
3 695
-
4 060
-
Employer
18 424
-
19 811
-
pensions
3 027
-
3 255
-
other
636
-
684
-
health
1 290
-
1 387
-
unemployment
746
-
802
-
social contributions
56
-
60
-
total
5 755
-
6 188
-
Corporate
1 823
26 000
-
-
surtax
-
-
-
-
income
511
7 280
-
-
total
511
7 280
-
-
Dividends
1 312
18 720
-
-
surtax
-
-
-
-
social contributions
225
3 220
-
-
withholding
168
2 396
-
-
total
393
5 616
-
-
Income
26 000
26 000
26 000
26 000
Total tax
10 354
12 896
10 248
10 448
After tax
15 646
13 104
15 752
15 552
Living cost
14 728
14 728
14 728
14 728
Free-cash
918
-1 624
1 024
824

Estimated living cost  is ₴14728 per week

₴9287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1198
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.
₴3994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2283
₴2483
₴2226
-₴165
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
806
social contributions
-
-
-
740
health
-
-
-
225
income
-
-
-
1 228
surtax
-
-
-
-
pensions
-
-
-
7 449
total
-
-
-
10 448
Employee
16 446
-
19 811
-
income
848
-
1 255
-
pensions
1 860
-
2 241
-
social contributions
469
-
564
-
surtax
-
-
-
-
total
3 177
-
4 060
-
Employer
16 446
-
19 811
-
pensions
2 702
-
3 255
-
other
568
-
684
-
health
1 151
-
1 387
-
unemployment
666
-
802
-
social contributions
49
-
60
-
total
5 136
-
6 188
-
Corporate
4 418
26 000
-
-
surtax
-
-
-
-
income
1 237
7 280
-
-
total
1 237
7 280
-
-
Dividends
3 182
18 720
-
-
surtax
-
-
-
-
social contributions
547
3 220
-
-
withholding
408
2 396
-
-
total
955
5 616
-
-
Income
26 000
26 000
26 000
26 000
Total tax
10 505
12 896
10 248
10 448
After tax
15 495
13 104
15 752
15 552
Living cost
13 269
13 269
13 269
13 269
Free-cash
2 226
-165
2 483
2 283

Estimated living cost  is ₴13269 per week

₴7695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1348
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7569
₴6412
₴6959
₴6734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
3 588
health
-
-
-
1 815
income
-
-
-
3 900
total
-
-
-
9 303
Employee
14 596
-
26 000
-
income
2 434
-
5 057
-
social contributions
2 014
-
3 588
-
health
1 019
-
1 815
-
total
5 467
-
10 460
-
Employer
14 596
-
26 000
-
total
-
-
-
-
Corporate
11 404
26 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

570
1 300
-
-
total
570
1 300
-
-
Dividends
10 834
24 700
-
-
social contributions
1 495
3 409
-
-
health
756
1 724
-
-
withholding
1 625
3 705
-
-
total
3 876
8 838
-
-
Income
26 000
26 000
26 000
26 000
Total tax
9 913
10 138
10 460
9 303
After tax
16 087
15 862
15 540
16 697
Living cost
9 128
9 128
9 128
9 128
Free-cash
6 959
6 734
6 412
7 569

Estimated living cost  is ₴9128 per week

₴6109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴875
-₴5363
-₴2195
-₴307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
chamber of commerce
-
-
-
104
unemployment
-
-
-
2 640
health
-
-
-
1 989
income
-
-
-
2 079
surtax
-
-
-
85
pensions
-
-
-
4 810
total
-
-
-
11 707
Employee
21 513
17 155
20 123
-
income
2 449
1 265
2 051
-
pensions
2 203
1 756
2 060
-
unemployment
645
515
604
-
health
832
664
779
-
other
215
172
201
-
total
6 344
4 372
5 695
-
Employer
21 513
17 155
20 123
-
pensions
2 700
2 153
2 525
-
other
1 022
814
956
-
accident
279
223
261
-
health
813
649
761
-
payroll
645
515
604
-
chamber of commerce
86
69
81
-
unemployment
645
515
604
-
surtax
85
85
85
-
total
6 275
5 023
5 877
-
Corporate
1 634
3 823
18 490
-
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.

408
956
4 623
-
total
408
956
4 623
-
Dividends
-
2 867
-
-
withholding
-
788
-
-
total
-
788
-
-
Income
26 000
26 000
26 000
26 000
Total tax
13 027
11 139
16 195
11 707
After tax
12 973
14 861
9 805
14 293
Living cost
15 168
15 168
15 168
15 168
Free-cash
-2 195
-307
-5 363
-875

Estimated living cost  is ₴15168 per week

₴10117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3509
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1913
-₴4619
-₴13755
-₴1052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
3 135
communal

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

-
-
-
1 372
national
-
-
-
7 710
total
-
-
-
12 217
Employee

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

30 792
-
20 137
-
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.

2 309
-
1 510
-
national
9 467
-
5 379
-
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.

268
-
175
-
communal

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

1 606
-
1 051
-
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.

1 447
-
946
-
total
15 097
-
9 061
-
Employer

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

30 792
-
20 137
-
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.

2 728
-
1 784
-
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.

400
-
262
-
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.

1 894
-
1 238
-
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.

449
-
294
-
surtax
3 491
-
2 284
-
total
8 962
-
5 862
-
Corporate
-
26 000
-
-
surtax
-
104
-
-
income
-
5 200
-
-
total
-
5 304
-
-
Dividends
-
20 697
-
-
withholding

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

-
6 052
-
-
total
-
6 052
-
-
Income
26 000
26 000
26 000
26 000
Total tax
24 059
11 356
14 923
12 217
After tax
1 941
14 644
11 077
13 783
Living cost
15 696
15 696
15 696
15 696
Free-cash
-13 755
-1 052
-4 619
-1 913

Estimated living cost  is ₴15696 per week

₴10110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-₴1308
-₴1122
-₴2258
₴2011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
26
unemployment
-
-
-
182
accident
-
-
-
234
income
-
-
-
3 962
pensions
-
-
-
7 358
total
-
-
-
11 762
Employee
21 428
-
19 715
-
income
4 521
-
4 040
-
pensions
1 007
-
926
-
unemployment
332
-
306
-
other
21
-
20
-
total
5 881
-
5 292
-
Employer
21 428
-
19 715
-
pensions
5 057
-
4 652
-
other
171
-
158
-
accident
424
-
390
-
unemployment
1 179
-
1 084
-
total
6 831
-
6 284
-
Corporate
-
26 000
-
-
income

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

-
3 900
-
-
total
-
3 900
-
-
Dividends
-
22 100
-
-
withholding
-
4 543
-
-
total
-
4 543
-
-
Income
26 000
26 000
26 000
26 000
Total tax
12 712
8 443
11 576
11 762
After tax
13 288
17 557
14 424
14 238
Living cost
15 546
15 546
15 546
15 546
Free-cash
-2 258
2 011
-1 122
-1 308

Estimated living cost  is ₴15546 per week

₴11448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1103
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.
₴2771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6296
-₴5780
-₴10495
-₴7103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
accident
-
-
-
234
health
-
-
-
1 950
income
-
-
-
1 182
communal
-
-
-
-
surtax
-
-
-
1 376
pensions
-
-
-
4 160
total
-
-
-
8 902
Employee
32 599
-
23 225
-
income
3 149
-
1 297
-
pensions
2 608
-
1 858
-
health
1 451
-
1 033
-
surtax
1 998
-
1 423
-
total
9 206
-
5 611
-
Employer
32 599
-
23 225
-
pensions
2 608
-
1 858
-
accident
293
-
209
-
health
994
-
708
-
total
3 895
-
2 775
-
Corporate
-
26 000
-
-
communal
-
1 755
-
-
surtax
-
273
-
-
income
-
3 900
-
-
total
-
5 928
-
-
Dividends
-
20 073
-
-
withholding
-
3 011
-
-
income
-
770
-
-
total
-
3 781
-
-
Income
26 000
26 000
26 000
26 000
Total tax
13 101
9 709
8 386
8 902
After tax
12 899
16 291
17 614
17 098
Living cost
23 394
23 394
23 394
23 394
Free-cash
-10 495
-7 103
-5 780
-6 296

Estimated living cost  is ₴23394 per week

₴17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4919
₴4358
₴5317
₴6685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 846
income
-
-
-
3 998
surtax
-
-
-
270
pensions
-
-
-
5 200
total
-
-
-
11 412
Employee
14 497
-
21 478
-
income
2 430
-
3 750
-
pensions
967
-
1 433
-
unemployment
1 009
-
1 495
-
health
370
-
547
-
other
-
-
-
-
surtax
51
-
227
-
total
4 827
-
7 452
-
Employer
14 497
-
21 478
-
pensions
1 933
-
2 863
-
other
-
-
-
-
health
659
-
978
-
unemployment
460
-
680
-
total
3 052
-
4 521
-
Corporate
8 451
26 000
-
-
income
2 197
6 760
-
-
total
2 197
6 760
-
-
Dividends
6 254
19 240
-
-
withholding
938
2 886
-
-
total
938
2 886
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 014
9 646
11 973
11 412
After tax
14 986
16 354
14 027
14 588
Living cost
9 669
9 669
9 669
9 669
Free-cash
5 317
6 685
4 358
4 919

Estimated living cost  is ₴9669 per week

₴5838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴841
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.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2447
₴986
₴1115
₴2070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
6 687
municipal
-
-
-
154
national
-
-
-
4 724
regional
-
-
-
392
total
-
-
-
11 957
Employee
23 879
-
26 000
-
national
3 783
-
4 163
-
social contributions
8 052
-
8 767
-
municipal
127
-
138
-
regional
321
-
350
-
total
12 283
-
13 418
-
Employer
23 879
-
26 000
-
total
-
-
-
-
Corporate
2 121
26 000
-
-
nationa
509
6 240
-
-
municipal
105
1 292
-
-
total
614
7 532
-
-
Dividends
1 507
18 467
-
-
withholding
392
4 802
-
-
total
392
4 802
-
-
Income
26 000
26 000
26 000
26 000
Total tax
13 289
12 334
13 418
11 957
After tax
12 711
13 666
12 582
14 043
Living cost
11 596
11 596
11 596
11 596
Free-cash
1 115
2 070
986
2 447

Estimated living cost  is ₴11596 per week

₴7212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴80
₴452
₴611
₴5158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
7 592
health
-
-
-
3 510
income
-
-
-
2 235
solidarity contribution
-
-
-
-
total
-
-
-
13 337
Employee
18 740
-
19 403
-
income
2 249
-
2 328
-
solidarity contribution
-
-
-
-
social contributions
1 218
-
1 261
-
health
2 530
-
2 619
-
total
5 997
-
6 208
-
Employer
18 740
-
19 403
-
health
1 687
-
1 746
-
social contributions
4 685
-
4 851
-
total
6 372
-
6 597
-
Corporate
889
26 000
-
-
income
169
4 940
-
-
total
169
4 940
-
-
Dividends
720
21 060
-
-
withholding
108
3 159
-
-
total
108
3 159
-
-
Income
26 000
26 000
26 000
26 000
Total tax
12 646
8 099
12 805
13 337
After tax
13 354
17 901
13 195
12 663
Living cost
12 743
12 743
12 743
12 743
Free-cash
611
5 158
452
-80

Estimated living cost  is ₴12743 per week

₴9476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
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.
₴2340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴644
-₴3908
₴962
₴1173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
chamber of commerce
-
-
-
104
unemployment
-
-
-
2 640
health
-
-
-
1 989
income
-
-
-
2 079
surtax
-
-
-
-
pensions
-
-
-
4 810
total
-
-
-
11 622
Employee
18 817
17 155
20 190
-
income
1 676
1 265
2 070
-
pensions
1 927
1 756
2 068
-
unemployment
564
515
605
-
health
728
664
781
-
other
188
172
202
-
total
5 083
4 372
5 726
-
Employer
18 817
17 155
20 190
-
pensions
2 362
2 153
2 534
-
other
894
814
959
-
accident
244
223
262
-
health
712
649
763
-
payroll
564
515
605
-
chamber of commerce
75
69
81
-
unemployment
564
515
605
-
surtax
-
-
-
-
total
5 415
4 938
5 809
-
Corporate
1 767
3 908
18 556
-
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.

442
977
4 639
-
total
442
977
4 639
-
Dividends
1 325
2 931
-
-
withholding
364
806
-
-
total
364
806
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 304
11 093
16 174
11 622
After tax
14 696
14 907
9 826
14 378
Living cost
13 734
13 734
13 734
13 734
Free-cash
962
1 173
-3 908
644

Estimated living cost  is ₴13734 per week

₴8239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴3848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19715
₴14775
₴17545
₴18675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
26 000
microenterprise

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

-
-
-
260
total
-
-
-
260
Employee
7 532
-
26 000
-
income
1 506
-
5 200
-
total
1 506
-
5 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

18 468
26 000
-
-
total
-
-
-
-
Dividends
18 468
26 000
-
-
withholding
924
1 300
-
-
total
924
1 300
-
-
Income
26 000
26 000
26 000
26 000
Total tax
2 430
1 300
5 200
260
After tax
23 570
24 700
20 800
25 740
Living cost
6 025
6 025
6 025
6 025
Free-cash
17 545
18 675
14 775
19 715

Estimated living cost  is ₴6025 per week

₴4077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2653
₴1907
₴2755
₴6355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
unemployment
-
-
-
39
health
-
-
-
2 559
income
-
-
-
4 455
pensions
-
-
-
4 748
total
-
-
-
11 801
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.

19 036
-
22 496
-
income
3 283
-
4 071
-
pensions
2 951
-
3 487
-
unemployment
27
-
32
-
health
1 229
-
1 453
-
total
7 490
-
9 043
-
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.

19 036
-
22 496
-
pensions
1 684
-
1 991
-
health
1 268
-
1 499
-
unemployment
11
-
14
-
total
2 963
-
3 504
-
Corporate
4 001
26 000
-
-
income
760
4 940
-
-
total
760
4 940
-
-
Dividends
3 241
21 060
-
-
withholding
486
3 159
-
-
total
486
3 159
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 699
8 099
12 547
11 801
After tax
14 301
17 901
13 453
14 199
Living cost
11 546
11 546
11 546
11 546
Free-cash
2 755
6 355
1 907
2 653

Estimated living cost  is ₴11546 per week

₴7924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
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.
₴2659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴539
₴1851
-₴37953
-₴2689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
2 964
income
-
-
-
5 068
total
-
-
-
8 032
Employee
26 537
-
-
-
income
5 853
-
-
-
social contributions
2 176
-
310
-
total
8 029
-
310
-
Employer
26 537
-
-
-
social contributions
37 417
-
5 332
-
total
37 417
-
5 332
-
Corporate
-
26 000
-
-
income
-
5 720
-
-
total
-
5 720
-
-
Dividends
-
20 280
-
-
income
-
4 462
-
-
total
-
4 462
-
-
Income
26 000
26 000
26 000
26 000
Total tax
45 446
10 182
5 642
8 032
After tax
-19 446
15 818
20 358
17 968
Living cost
18 507
18 507
18 507
18 507
Free-cash
-37 953
-2 689
1 851
-539

Estimated living cost  is ₴18507 per week

₴12008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
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.
₴4522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1453
₴700
₴852
₴1286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
social contributions

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

-
-
-
9 035
income
-
-
-
2 009
surtax
-
-
-
-
total
-
-
-
11 044
Employee
19 798
-
21 010
-
income
4 118
-
4 496
-
social contributions
2 178
-
2 311
-
surtax
-
-
-
-
total
6 296
-
6 807
-
Employer
19 798
-
21 010
-
social contributions
4 702
-
4 990
-
total
4 702
-
4 990
-
Corporate
1 499
26 000
-
-
surtax
-
-
-
-
income
315
5 460
-
-
total
315
5 460
-
-
Dividends
1 185
20 540
-
-
withholding
332
5 751
-
-
total
332
5 751
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 645
11 211
11 797
11 044
After tax
14 355
14 789
14 203
14 956
Living cost
13 503
13 503
13 503
13 503
Free-cash
852
1 286
700
1 453

Estimated living cost  is ₴13503 per week

₴10103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴796
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.
₴2378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5239
-₴5039
-₴9381
-₴7687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
806
social contributions
-
-
-
740
health
-
-
-
225
income
-
-
-
1 228
surtax
-
-
-
-
pensions
-
-
-
7 449
total
-
-
-
10 448
Employee
26 961
-
19 811
-
income
2 352
-
1 255
-
pensions
3 050
-
2 241
-
social contributions
768
-
564
-
surtax
-
-
-
-
total
6 170
-
4 060
-
Employer
26 961
-
19 811
-
pensions
4 430
-
3 255
-
other
930
-
684
-
health
1 887
-
1 387
-
unemployment
1 092
-
802
-
social contributions
81
-
60
-
total
8 420
-
6 188
-
Corporate
-
26 000
-
-
surtax
-
-
-
-
income
-
7 280
-
-
total
-
7 280
-
-
Dividends
-
18 720
-
-
surtax
-
-
-
-
social contributions
-
3 220
-
-
withholding
-
2 396
-
-
total
-
5 616
-
-
Income
26 000
26 000
26 000
26 000
Total tax
14 590
12 896
10 248
10 448
After tax
11 410
13 104
15 752
15 552
Living cost
20 791
20 791
20 791
20 791
Free-cash
-9 381
-7 687
-5 039
-5 239

Estimated living cost  is ₴20791 per week

₴14071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7307
₴8036
₴9014
₴10460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
5 720
income
-
-
-
33
total
-
-
-
5 753
Employee
13 839
-
22 511
-
social contributions
899
-
1 463
-
income
-
-
72
-
total
899
-
1 535
-
Employer
13 839
-
22 511
-
social contributions
2 145
-
3 489
-
total
2 145
-
3 489
-
Corporate
10 015
26 000
-
-
income
1 002
2 600
-
-
total
1 002
2 600
-
-
Dividends
9 014
23 400
-
-
total
-
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
4 046
2 600
5 024
5 753
After tax
21 954
23 400
20 976
20 247
Living cost
12 940
12 940
12 940
12 940
Free-cash
9 014
10 460
8 036
7 307

Estimated living cost  is ₴12940 per week

₴8367
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.
₴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.
₴3354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3940
-₴67810
-₴67810
-₴67810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
municipal
-
-
-
4 284
national
-
-
-
2 497
labour market
-
-
-
2 050
pensions
-
-
-
373
total
-
-
-
9 204
Employee
87 522
87 522
87 522
-
labour market
6 992
6 992
6 992
-
pensions
124
124
124
-
national
10 692
10 692
10 692
-
municipal
18 637
18 637
18 637
-
total
36 445
36 445
36 445
-
Employer
87 522
87 522
87 522
-
pensions
249
249
249
-
municipal
18 667
18 667
18 667
-
national
10 711
10 711
10 711
-
labour market
7 002
7 002
7 002
-
total
36 629
36 629
36 629
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
73 074
73 074
73 074
9 204
After tax
-47 074
-47 074
-47 074
16 796
Living cost
20 736
20 736
20 736
20 736
Free-cash
-67 810
-67 810
-67 810
-3 940

Estimated living cost  is ₴20736 per week

₴14192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8648
₴4351
₴681
-₴7200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
159
accident
-
-
-
108
health
-
-
-
936
income
-
-
-
5 057
pensions
-
-
-
1 786
total
-
-
-
8 046
Employee
14 639
-
21 598
-
income
2 008
-
3 036
-
pensions
1 648
-
2 432
-
health
1 676
-
2 473
-
total
5 332
-
7 941
-
Employer
14 639
-
21 598
-
pensions
2 380
-
3 512
-
accident
244
-
361
-
unemployment
359
-
529
-
total
2 983
-
4 402
-
Corporate
8 377
26 000
-
-
income

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

7 539
23 400
-
-
total
7 539
23 400
-
-
Dividends
838
2 600
-
-
withholding
159
494
-
-
total
159
494
-
-
Income
26 000
26 000
26 000
26 000
Total tax
16 013
23 894
12 343
8 046
After tax
9 987
2 106
13 657
17 954
Living cost
9 306
9 306
9 306
9 306
Free-cash
681
-7 200
4 351
8 648

Estimated living cost  is ₴9306 per week

₴6774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3454
-₴531
-₴921
₴1391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
26 000
municipal
-
-
-
4 640
health
-
-
-
221
national
-
-
-
1 158
total
-
-
-
6 019
Employee
22 648
-
21 872
-
pensions
1 528
-
1 476
-
national
374
-
332
-
municipal
3 710
-
3 584
-
unemployment
340
-
328
-
health
169
-
157
-
total
6 121
-
5 877
-
Employer
22 648
-
21 872
-
pensions
3 929
-
3 795
-
accident
23
-
22
-
health
174
-
168
-
unemployment
147
-
142
-
total
4 273
-
4 127
-
Corporate
-
26 000
-
-
income
-
5 200
-
-
total
-
5 200
-
-
Dividends

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

-
15 600
-
-
municipal
-
2 808
-
-
national
-
74
-
-
total
-
2 882
-
-
Income
26 000
26 000
26 000
26 000
Total tax
10 394
8 082
10 004
6 019
After tax
15 606
17 918
15 996
19 981
Living cost
16 527
16 527
16 527
16 527
Free-cash
-921
1 391
-531
3 454

Estimated living cost  is ₴16527 per week

₴10795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1590
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10244
₴7928
₴6818
₴6299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
4 056
health
-
-
-
663
income
-
-
-
1 070
total
-
-
-
5 789
Employee
33 101
33 101
33 101
-
income
3 604
3 064
3 349
-
social contributions
1 252
2 747
1 959
-
health
257
563
401
-
total
5 113
6 374
5 709
-
Employer
33 101
33 101
33 101
-
health
279
613
437
-
social contributions
1 252
2 747
1 959
-
total
1 531
3 360
2 396
-
Corporate
9 391
-
-
-
income
1 174
-
-
-
total
1 174
-
-
-
Dividends
8 217
-
-
-
withholding
1 397
-
-
-
total
1 397
-
-
-
Income
26 000
26 000
26 000
26 000
Total tax
9 215
9 734
8 105
5 789
After tax
16 785
16 266
17 895
20 211
Living cost
9 967
9 967
9 967
9 967
Free-cash
6 818
6 299
7 928
10 244

Estimated living cost  is ₴9967 per week

₴5973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12623
₴9260
₴12505
₴14695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 000
unemployment
-
-
-
12
health
-
-
-
1 558
income
-
-
-
2 234
pensions
-
-
-
2 738
total
-
-
-
6 542
Employee

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

9 881
-
23 572
-
income
676
-
1 819
-
pensions
1 482
-
3 536
-
unemployment
49
-
118
-
health
840
-
2 004
-
total
3 047
-
7 477
-
Employer

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

9 881
-
23 572
-
pensions
543
-
1 296
-
health
425
-
1 014
-
unemployment
49
-
118
-
total
1 017
-
2 428
-
Corporate
15 102
26 000
-
-
income
1 359
2 340
-
-
total
1 359
2 340
-
-
Dividends
13 743
23 660
-
-
withholding
1 237
2 130
-
-
total
1 237
2 130
-
-
Income
26 000
26 000
26 000
26 000
Total tax
6 660
4 470
9 905
6 542
After tax
19 340
21 530
16 095
19 458
Living cost
6 835
6 835
6 835
6 835
Free-cash
12 505
14 695
9 260
12 623

Estimated living cost  is ₴6835 per week

₴4361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
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.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2400
₴2586
₴3447
₴5719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
26
unemployment
-
-
-
182
accident
-
-
-
234
income
-
-
-
3 962
pensions
-
-
-
7 358
total
-
-
-
11 762
Employee
15 917
-
19 715
-
income
3 069
-
4 040
-
pensions
748
-
926
-
unemployment
247
-
306
-
other
16
-
20
-
total
4 080
-
5 292
-
Employer
15 917
-
19 715
-
pensions
3 756
-
4 652
-
other
127
-
158
-
accident
315
-
390
-
unemployment
876
-
1 084
-
total
5 074
-
6 284
-
Corporate
5 008
26 000
-
-
income

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

752
3 900
-
-
total
752
3 900
-
-
Dividends
4 257
22 100
-
-
withholding
809
4 543
-
-
total
809
4 543
-
-
Income
26 000
26 000
26 000
26 000
Total tax
10 715
8 443
11 576
11 762
After tax
15 285
17 557
14 424
14 238
Living cost
11 838
11 838
11 838
11 838
Free-cash
3 447
5 719
2 586
2 400

Estimated living cost  is ₴11838 per week

₴7990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1138
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.
₴2502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15027
₴14943
₴14850
₴15044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
health
-
-
-
624
income
-
-
-
8 308
pensions
-
-
-
861
total
-
-
-
9 793
Employee
1 798
-
25 031
-
income
348
-
8 263
-
pensions
162
-
387
-
unemployment
18
-
43
-
health
90
-
215
-
total
618
-
8 908
-
Employer
1 798
-
25 031
-
pensions
198
-
474
-
health
171
-
409
-
unemployment
36
-
86
-
total
405
-
969
-
Corporate
23 798
26 000
-
-
income
5 235
5 720
-
-
total
5 235
5 720
-
-
Dividends
18 562
20 280
-
-
withholding
3 712
4 056
-
-
total
3 712
4 056
-
-
Income
26 000
26 000
26 000
26 000
Total tax
9 970
9 776
9 877
9 793
After tax
16 030
16 224
16 123
16 207
Living cost
1 180
1 180
1 180
1 180
Free-cash
14 850
15 044
14 943
15 027

Estimated living cost  is ₴1180 per week

₴701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴96
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.
₴356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5383
₴6503
₴9220
₴11338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
unemployment
-
-
-
390
health
-
-
-
2 678
income
-
-
-
3 342
pensions
-
-
-
6 760
total
-
-
-
13 170
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.

11 230
-
22 053
-
income
1 548
-
3 715
-
pensions
1 572
-
3 087
-
unemployment
84
-
165
-
health
578
-
1 136
-
total
3 782
-
8 103
-
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.

11 230
-
22 053
-
pensions
1 348
-
2 646
-
health
578
-
1 136
-
unemployment
84
-
165
-
total
2 010
-
3 947
-
Corporate
12 760
26 000
-
-
income
1 914
3 900
-
-
total
1 914
3 900
-
-
Dividends
10 846
22 100
-
-
withholding
1 627
3 315
-
-
total
1 627
3 315
-
-
Income
26 000
26 000
26 000
26 000
Total tax
9 333
7 215
12 050
13 170
After tax
16 667
18 785
13 950
12 830
Living cost
7 447
7 447
7 447
7 447
Free-cash
9 220
11 338
6 503
5 383

Estimated living cost  is ₴7447 per week

₴5014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴576
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.
₴1641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3351
₴2598
₴3028
₴3184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
social contributions

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

-
-
-
9 035
income
-
-
-
2 009
surtax
-
-
-
-
total
-
-
-
11 044
Employee
16 708
-
21 010
-
income
3 265
-
4 496
-
social contributions
1 838
-
2 311
-
surtax
-
-
-
-
total
5 103
-
6 807
-
Employer
16 708
-
21 010
-
social contributions
3 968
-
4 990
-
total
3 968
-
4 990
-
Corporate
5 325
26 000
-
-
surtax
-
-
-
-
income
1 118
5 460
-
-
total
1 118
5 460
-
-
Dividends
4 206
20 540
-
-
withholding
1 178
5 751
-
-
total
1 178
5 751
-
-
Income
26 000
26 000
26 000
26 000
Total tax
11 367
11 211
11 797
11 044
After tax
14 633
14 789
14 203
14 956
Living cost
11 605
11 605
11 605
11 605
Free-cash
3 028
3 184
2 598
3 351

Estimated living cost  is ₴11605 per week

₴8220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴891
-₴705
-₴1419
₴2428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
26
unemployment
-
-
-
182
accident
-
-
-
234
income
-
-
-
3 962
pensions
-
-
-
7 358
total
-
-
-
11 762
Employee
20 790
-
19 715
-
income
4 342
-
4 040
-
pensions
977
-
926
-
unemployment
322
-
306
-
other
20
-
20
-
total
5 661
-
5 292
-
Employer
20 790
-
19 715
-
pensions
4 906
-
4 652
-
other
167
-
158
-
accident
412
-
390
-
unemployment
1 144
-
1 084
-
total
6 629
-
6 284
-
Corporate
-
26 000
-
-
income

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

-
3 900
-
-
total
-
3 900
-
-
Dividends
-
22 100
-
-
withholding
-
4 543
-
-
total
-
4 543
-
-
Income
26 000
26 000
26 000
26 000
Total tax
12 290
8 443
11 576
11 762
After tax
13 710
17 557
14 424
14 238
Living cost
15 129
15 129
15 129
15 129
Free-cash
-1 419
2 428
-705
-891

Estimated living cost  is ₴15129 per week

₴10865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1176
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.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10687
₴11170
₴12207
₴14829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
unemployment
-
-
-
60
health
-
-
-
1 728
income
-
-
-
3 900
pensions

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

-
-
-
2 224
total
-
-
-
7 912
Employee
9 800
-
23 052
-
income
980
-
2 305
-
pensions

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

860
-
1 320
-
health
451
-
691
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
total
2 399
-
4 481
-
Employer
9 800
-
23 052
-
pensions

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

1 080
-
1 656
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
health
676
-
1 037
-
unemployment
59
-
90
-
total
1 923
-
2 948
-
Corporate
14 277
26 000
-
-
income
1 428
2 600
-
-
total
1 428
2 600
-
-
Dividends
12 849
23 400
-
-
withholding
642
1 170
-
-
total
642
1 170
-
-
Income
26 000
26 000
26 000
26 000
Total tax
6 392
3 770
7 429
7 912
After tax
19 608
22 230
18 571
18 088
Living cost
7 401
7 401
7 401
7 401
Free-cash
12 207
14 829
11 170
10 687

Estimated living cost  is ₴7401 per week

₴4895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Sofia model

Close
Berlin , Germany
₴2331
₴3190
₴2475
-₴3157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
trade
-
-
-
859
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.

-
-
-
2 941
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.

-
-
-
3 081
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.

-
-
-
169
total
-
-
-
7 050
Employee

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

21 419
-
26 000
-
surtax

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

97
-
169
-
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.

1 761
-
3 081
-
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.

2 941
-
2 941
-
total
4 799
-
6 191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 581
26 000
-
-
trade
658
3 731
-
-
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.

38
215
-
-
income
687
3 900
-
-
chamber of commerce
72
104
-
-
total
1 455
7 950
-
-
Dividends
3 127
18 051
-
-
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
239
-
-
withholding
618
4 349
-
-
total
652
4 588
-
-
Income
26 000
26 000
26 000
26 000
Total tax
6 906
12 538
6 191
7 050
After tax
19 094
13 462
19 809
18 950
Living cost
16 619
16 619
16 619
16 619
Free-cash
2 475
-3 157
3 190
2 331

Estimated living cost  is ₴16619 per week

₴11464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4327
-₴4327
-₴7673
-₴6322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
1 953
income
-
-
-
3 852
total
-
-
-
5 805
Employee
33 673
-
26 000
-
social contributions
2 797
-
1 953
-
income
6 354
-
3 852
-
total
9 151
-
5 805
-
Employer
33 673
-
26 000
-
total
-
-
-
-
Corporate
-
26 000
-
-
income
-
3 250
-
-
total
-
3 250
-
-
Dividends
-
22 750
-
-
withholding
-
4 550
-
-
total
-
4 550
-
-
Income
26 000
26 000
26 000
26 000
Total tax
9 151
7 800
5 805
5 805
After tax
16 849
18 200
20 195
20 195
Living cost
24 522
24 522
24 522
24 522
Free-cash
-7 673
-6 322
-4 327
-4 327

Estimated living cost  is ₴24522 per week

₴18656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1998
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.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4751
₴3204
₴1492
-₴1000
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
health

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

-
-
-
2 871
income
-
-
-
12 254
total
-
-
-
15 125
Employee
19 748
-
24 020
-
social contributions
1 979
-
1 980
-
income
2 143
-
3 210
-
total
4 122
-
5 190
-
Employer
19 748
-
24 020
-
social contributions
1 979
-
1 980
-
total
1 979
-
1 980
-
Corporate
4 274
26 000
-
-
income
1 496
9 100
-
-
total
1 496
9 100
-
-
Dividends
2 778
16 900
-
-
social contributions
1 285
2 274
-
-
total
1 285
2 274
-
-
Income
26 000
26 000
26 000
26 000
Total tax
8 882
11 374
7 170
15 125
After tax
17 118
14 626
18 830
10 875
Living cost
15 626
15 626
15 626
15 626
Free-cash
1 492
-1 000
3 204
-4 751

Estimated living cost  is ₴15626 per week

₴10293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1232
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.
₴3862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3381
₴716
₴903
₴3353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
income
-
-
-
4 877
pensions
-
-
-
1 615
total
-
-
-
6 492
Employee
22 136
-
23 179
-
income
4 031
-
4 211
-
pensions
1 690
-
1 815
-
health
289
-
310
-
total
6 010
-
6 336
-
Employer
22 136
-
23 179
-
pensions
2 236
-
2 380
-
health
421
-
441
-
total
2 657
-
2 821
-
Corporate
1 207
26 000
-
-
income

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

229
4 940
-
-
total
229
4 940
-
-
Dividends
977
21 060
-
-
withholding
74
1 580
-
-
total
74
1 580
-
-
Income
26 000
26 000
26 000
26 000
Total tax
8 970
6 520
9 157
6 492
After tax
17 030
19 480
16 843
19 508
Living cost
16 127
16 127
16 127
16 127
Free-cash
903
3 353
716
3 381

Estimated living cost  is ₴16127 per week

₴11063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1483
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.
₴3378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7726
₴3429
₴536
-₴8122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
other
-
-
-
159
accident
-
-
-
108
health
-
-
-
936
income
-
-
-
5 057
pensions
-
-
-
1 786
total
-
-
-
8 046
Employee
16 088
-
21 598
-
income
2 207
-
3 036
-
pensions
1 812
-
2 432
-
health
1 842
-
2 473
-
total
5 861
-
7 941
-
Employer
16 088
-
21 598
-
pensions
2 616
-
3 512
-
accident
269
-
361
-
unemployment
394
-
529
-
total
3 279
-
4 402
-
Corporate
6 633
26 000
-
-
income

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

5 970
23 400
-
-
total
5 970
23 400
-
-
Dividends
663
2 600
-
-
withholding
126
494
-
-
total
126
494
-
-
Income
26 000
26 000
26 000
26 000
Total tax
15 236
23 894
12 343
8 046
After tax
10 764
2 106
13 657
17 954
Living cost
10 228
10 228
10 228
10 228
Free-cash
536
-8 122
3 429
7 726

Estimated living cost  is ₴10228 per week

₴7506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9504
₴9504
₴14195
₴16287
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 000
work injury
-
-
-
130
unemployment
-
-
-
312
income
-
-
-
3 533
health insurance
-
-
-
1 924
pensions
-
-
-
4 784
total
-
-
-
10 683
Employee

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

9 301
-
26 000
-
income
930
-
3 533
-
work injury
46
-
130
-
pensions
1 711
-
4 784
-
unemployment
112
-
312
-
health insurance
688
-
1 924
-
total
3 487
-
10 683
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 699
26 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
16 699
26 000
-
-
withholding
2 505
3 900
-
-
total
2 505
3 900
-
-
Income
26 000
26 000
26 000
26 000
Total tax
5 992
3 900
10 683
10 683
After tax
20 008
22 100
15 317
15 317
Living cost
5 813
5 813
5 813
5 813
Free-cash
14 195
16 287
9 504
9 504

Estimated living cost  is ₴5813 per week

₴3601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3139
-₴4582
-₴10275
-₴3454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 000
social contributions
-
-
-
6 687
municipal
-
-
-
174
national
-
-
-
4 724
regional
-
-
-
405
total
-
-
-
11 990
Employee
36 275
-
26 000
-
national
6 130
-
4 163
-
social contributions
12 232
-
8 767
-
municipal
216
-
155
-
regional
548
-
348
-
total
19 126
-
13 433
-
Employer
36 275
-
26 000
-
total
-
-
-
-
Corporate
-
26 000
-
-
nationa
-
6 240
-
-
municipal
-
1 253
-
-
total
-
7 493
-
-
Dividends
-
18 507
-
-
withholding
-
4 812
-
-
total
-
4 812
-
-
Income
26 000
26 000
26 000
26 000
Total tax
19 126
12 305
13 433
11 990
After tax
6 874
13 695
12 567
14 010
Living cost
17 149
17 149
17 149
17 149
Free-cash
-10 275
-3 454
-4 582
-3 139

Estimated living cost  is ₴17149 per week

₴12046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1180
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3664
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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