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
₴ 26500
per

Your estimated
City
free-cash

Dresden , Germany
₴473
₴5210
₴6128
₴7166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
trade
-
-
-
1 038
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.

-
-
-
3 256
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.

-
-
-
2 926
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.

-
-
-
179
total
-
-
-
7 399
Employee

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

16 381
-
26 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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
-
179
-
income

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

458
-
3 256
-
total
3 409
-
6 361
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 119
26 500
-
-
surtax

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

84
219
-
-
income
1 517
3 975
-
-
trade
1 594
4 174
-
-
chamber of commerce
80
103
-
-
total
3 275
8 471
-
-
Dividends
6 844
18 029
-
-
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.

85
239
-
-
withholding
1 548
4 344
-
-
total
1 633
4 583
-
-
Income
26 500
26 500
26 500
26 500
Total tax
8 317
13 054
6 361
7 399
After tax
18 183
13 446
20 139
19 101
Living cost
12 973
12 973
12 973
12 973
Free-cash
5 210
473
7 166
6 128

Estimated living cost  is ₴12973 per week

₴8160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5105
-₴10093
-₴5128
-₴4920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
municipal
-
-
-
2 558
pensions
-
-
-
3 180
national
-
-
-
3 964
social contributions
-
-
-
285
total
-
-
-
9 987
Employee
33 548
-
22 909
-
municipal
4 144
-
2 661
-
pensions
1 342
-
916
-
national
6 421
-
4 123
-
total
11 907
-
7 700
-
Employer
33 548
-
22 909
-
social contributions
361
-
246
-
pensions
2 684
-
1 833
-
total
3 045
-
2 079
-
Corporate
-
26 500
-
-
income

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

-
5 300
-
-
total
-
5 300
-
-
Dividends
-
21 200
-
-
withholding
-
4 664
-
-
total
-
4 664
-
-
Income
26 500
26 500
26 500
26 500
Total tax
14 952
9 964
9 779
9 987
After tax
11 548
16 536
16 721
16 513
Living cost
21 641
21 641
21 641
21 641
Free-cash
-10 093
-5 105
-4 920
-5 128

Estimated living cost  is ₴21641 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12290
₴8776
₴12267
₴6212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
microenterprise
-
-
-
3 975
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 348
total
-
-
-
5 323
Employee
12 515
-
21 355
-
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.

1 377
-
2 349
-
surtax
-
-
-
-
income
2 228
-
3 884
-
total
3 605
-
6 233
-
Employer
12 515
-
21 355
-
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.

3 015
-
5 145
-
surtax
-
-
-
-
total
3 015
-
5 145
-
Corporate
10 971
26 500
-
-
income

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

2 194
5 300
-
-
total
2 194
5 300
-
-
Dividends

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

8 776
21 200
-
-
total
-
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
8 814
5 300
11 378
5 323
After tax
17 686
21 200
15 122
21 177
Living cost
8 910
8 910
8 910
8 910
Free-cash
8 776
12 290
6 212
12 267

Estimated living cost  is ₴8910 per week

₴5684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
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.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13627
-₴16031
-₴2808
-₴16031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
2 529
pensions
-
-
-
4 770
health
-
-
-
4 067
total
-
-
-
11 366
Employee
36 574
36 574
36 574
-
health
5 614
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
6 583
5 018
6 583
-
total
18 184
15 780
18 184
-
Employer
36 574
36 574
36 574
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 546
-
health
2 542
2 542
2 542
-
total
6 405
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
24 589
22 185
24 589
11 366
After tax
1 911
4 315
1 911
15 134
Living cost
17 942
17 942
17 942
17 942
Free-cash
-16 031
-13 627
-16 031
-2 808

Estimated living cost  is ₴17942 per week

₴12715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2079
-₴4487
-₴3339
-₴2396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
municipal
-
-
-
5 613
accident
-
-
-
53
pensions
-
-
-
2 865
other
-
-
-
3 079
unemployment
-
-
-
27
health
-
-
-
1 654
national
-
-
-
-
total
-
-
-
13 291
Employee
23 579
-
20 164
-
municipal
7 031
-
6 013
-
national
-
-
-
-
total
7 031
-
6 013
-
Employer
23 579
-
20 164
-
accident
47
-
40
-
other
2 740
-
2 343
-
unemployment
622
-
532
-
pensions
2 549
-
2 180
-
health
1 450
-
1 240
-
total
7 408
-
6 335
-
Corporate
-
26 500
-
-
income
-
5 830
-
-
total
-
5 830
-
-
Dividends
-
20 670
-
-
withholding
-
6 201
-
-
total
-
6 201
-
-
Income
26 500
26 500
26 500
26 500
Total tax
14 439
12 031
12 348
13 291
After tax
12 061
14 469
14 152
13 209
Living cost
16 548
16 548
16 548
16 548
Free-cash
-4 487
-2 079
-2 396
-3 339

Estimated living cost  is ₴16548 per week

₴10967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3516
₴2502
₴2231
₴3314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
trade
-
-
-
1 083
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.

-
-
-
3 256
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.

-
-
-
2 926
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.

-
-
-
179
total
-
-
-
7 444
Employee

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

21 719
-
26 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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.

102
-
179
-
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.

1 866
-
3 256
-
total
4 894
-
6 361
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 781
26 500
-
-
surtax

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

40
219
-
-
income
717
3 975
-
-
trade
787
4 360
-
-
chamber of commerce
72
102
-
-
total
1 616
8 656
-
-
Dividends
3 166
17 844
-
-
surtax

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

35
237
-
-
withholding
628
4 298
-
-
total
663
4 535
-
-
Income
26 500
26 500
26 500
26 500
Total tax
7 173
13 191
6 361
7 444
After tax
19 327
13 309
20 139
19 056
Living cost
16 825
16 825
16 825
16 825
Free-cash
2 502
-3 516
3 314
2 231

Estimated living cost  is ₴16825 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2923
₴3823
₴6630
₴4446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
1 169
health
-
-
-
675
social contributions
-
-
-
4 134
total
-
-
-
5 978
Employee
32 933
32 933
32 933
-
social contributions
1 600
2 733
1 997
-
health
328
560
409
-
income
3 458
3 049
3 314
-
total
5 386
6 342
5 720
-
Employer
32 933
32 933
32 933
-
social contributions
1 600
2 733
1 997
-
health
357
610
445
-
total
1 957
3 343
2 442
-
Corporate
5 265
-
-
-
income
658
-
-
-
total
658
-
-
-
Dividends
4 607
-
-
-
withholding
784
-
-
-
total
784
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
8 785
9 685
8 162
5 978
After tax
17 715
16 815
18 338
20 522
Living cost
13 892
13 892
13 892
13 892
Free-cash
3 823
2 923
4 446
6 630

Estimated living cost  is ₴13892 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7207
₴7371
₴10575
₴7580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
3 240
pensions
-
-
-
2 650
unemployment
-
-
-
398
health
-
-
-
1 855
total
-
-
-
8 143
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.

11 233
4 471
22 176
-
health
786
313
1 552
-
income
1 373
547
2 711
-
pensions
1 123
447
2 218
-
unemployment
168
67
333
-
total
3 450
1 374
6 814
-
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.

11 233
4 471
22 176
-
pensions
2 190
872
4 324
-
total
2 190
872
4 324
-
Corporate
13 077
21 158
-
-
income
1 177
1 904
-
-
total
1 177
1 904
-
-
Dividends
11 900
19 254
-
-
social contributions
2 269
3 703
-
-
withholding
2 261
3 658
-
-
total
4 530
7 361
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 347
11 511
11 138
8 143
After tax
15 153
14 989
15 362
18 357
Living cost
7 782
7 782
7 782
7 782
Free-cash
7 371
7 207
7 580
10 575

Estimated living cost  is ₴7782 per week

₴5310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴10855
₴8194
₴4162
₴5084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
3 248
pensions
-
-
-
5 300
health
-
-
-
3 445
total
-
-
-
11 993
Employee
12 150
-
19 805
-
income
1 368
-
3 664
-
pensions
243
-
396
-
unemployment
194
-
317
-
total
1 805
-
4 377
-
Employer
12 150
-
19 805
-
unemployment
98
-
158
-
pensions
2 430
-
3 961
-
health
1 579
-
2 575
-
total
4 107
-
6 694
-
Corporate
10 243
26 500
-
-
income
2 049
5 300
-
-
total
2 049
5 300
-
-
Dividends
8 194
21 200
-
-
total
-
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
7 961
5 300
11 071
11 993
After tax
18 539
21 200
15 429
14 507
Living cost
10 345
10 345
10 345
10 345
Free-cash
8 194
10 855
5 084
4 162

Estimated living cost  is ₴10345 per week

₴7095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7220
₴711
₴8922
₴4490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
accident
-
-
-
108
income
-
-
-
5 244
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
8 211
Employee
14 735
-
22 014
-
health
1 687
-
2 520
-
income
2 022
-
3 158
-
pensions
1 659
-
2 479
-
total
5 368
-
8 157
-
Employer
14 735
-
22 014
-
accident
246
-
368
-
unemployment
361
-
539
-
pensions
2 396
-
3 579
-
total
3 003
-
4 486
-
Corporate
8 762
26 500
-
-
income

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

7 885
23 850
-
-
total
7 885
23 850
-
-
Dividends
876
2 650
-
-
withholding
166
503
-
-
total
166
503
-
-
Income
26 500
26 500
26 500
26 500
Total tax
16 422
24 353
12 643
8 211
After tax
10 078
2 147
13 857
18 289
Living cost
9 367
9 367
9 367
9 367
Free-cash
711
-7 220
4 490
8 922

Estimated living cost  is ₴9367 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21322
₴20600
₴22382
₴17347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
26 500
microenterprise

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

-
-
-
265
total
-
-
-
265
Employee
4 817
-
26 500
-
income
963
-
5 300
-
total
963
-
5 300
-
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%.

21 683
26 500
-
-
total
-
-
-
-
Dividends
21 683
26 500
-
-
withholding
1 084
1 325
-
-
total
1 084
1 325
-
-
Income
26 500
26 500
26 500
26 500
Total tax
2 047
1 325
5 300
265
After tax
24 453
25 175
21 200
26 235
Living cost
3 854
3 854
3 854
3 854
Free-cash
20 600
21 322
17 347
22 382

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
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.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8058
₴5167
₴2937
₴4121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
3 366
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.

-
-
-
6 360
other
-
-
-
1 259
health
-
-
-
1 166
total
-
-
-
12 151
Employee
15 551
-
21 167
-
health
218
-
297
-
income
2 677
-
3 644
-
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.

1 088
-
1 482
-
unemployment
155
-
211
-
total
4 138
-
5 634
-
Employer
15 551
-
21 167
-
accident
124
-
169
-
other
778
-
1 058
-
unemployment
155
-
211
-
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.

2 644
-
3 598
-
health
218
-
297
-
total
3 919
-
5 333
-
Corporate
7 030
26 500
-
-
income
1 476
5 565
-
-
total
1 476
5 565
-
-
Dividends
5 554
20 935
-
-
withholding
388
1 465
-
-
total
388
1 465
-
-
Income
26 500
26 500
26 500
26 500
Total tax
9 921
7 030
10 967
12 151
After tax
16 579
19 470
15 533
14 349
Living cost
11 412
11 412
11 412
11 412
Free-cash
5 167
8 058
4 121
2 937

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8888
-₴19741
-₴8877
-₴11618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
4 966
pensions
-
-
-
1 668
total
-
-
-
6 634
Employee
40 666
-
23 605
-
health
670
-
321
-
income
7 331
-
4 282
-
pensions
3 923
-
1 876
-
total
11 924
-
6 479
-
Employer
40 666
-
23 605
-
pensions
4 802
-
2 447
-
health
772
-
449
-
total
5 574
-
2 896
-
Corporate
-
26 500
-
-
income

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

-
5 035
-
-
total
-
5 035
-
-
Dividends
-
21 465
-
-
withholding
-
1 610
-
-
total
-
1 610
-
-
Income
26 500
26 500
26 500
26 500
Total tax
17 498
6 645
9 375
6 634
After tax
9 002
19 855
17 125
19 866
Living cost
28 743
28 743
28 743
28 743
Free-cash
-19 741
-8 888
-11 618
-8 877

Estimated living cost  is ₴28743 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17038
₴15048
₴12908
₴13419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
3 975
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
7 973
Employee
7 440
-
23 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
2 356
-
pensions

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

653
-
1 314
-
total
1 821
-
4 524
-
Employer
7 440
-
23 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
17 600
26 500
-
-
income
1 760
2 650
-
-
total
1 760
2 650
-
-
Dividends
15 840
23 850
-
-
withholding
792
1 193
-
-
total
792
1 193
-
-
Income
26 500
26 500
26 500
26 500
Total tax
5 833
3 843
7 462
7 973
After tax
20 667
22 657
19 038
18 527
Living cost
5 619
5 619
5 619
5 619
Free-cash
15 048
17 038
13 419
12 908

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴19434
-₴20160
-₴8615
-₴21838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
2 529
pensions
-
-
-
4 770
health
-
-
-
4 067
total
-
-
-
11 366
Employee
39 708
36 574
36 574
-
health
4 954
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
6 583
-
total
15 959
15 780
18 184
-
Employer
39 708
36 574
36 574
-
unemployment
1 430
1 317
1 317
-
pensions
2 763
2 546
2 546
-
health
2 759
2 542
2 542
-
total
6 952
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
22 911
22 185
24 589
11 366
After tax
3 589
4 315
1 911
15 134
Living cost
23 749
23 749
23 749
23 749
Free-cash
-20 160
-19 434
-21 838
-8 615

Estimated living cost  is ₴23749 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7988
₴4329
₴2649
₴3191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
2 278
health
-
-
-
3 578
solidarity contribution
-
-
-
-
social contributions
-
-
-
7 738
total
-
-
-
13 594
Employee
15 084
-
19 776
-
social contributions
980
-
1 285
-
health
2 036
-
2 670
-
solidarity contribution
-
-
-
-
income
1 810
-
2 373
-
total
4 826
-
6 328
-
Employer
15 084
-
19 776
-
social contributions
3 771
-
4 944
-
health
1 358
-
1 780
-
total
5 129
-
6 724
-
Corporate
6 288
26 500
-
-
income
1 195
5 035
-
-
total
1 195
5 035
-
-
Dividends
5 093
21 465
-
-
withholding
764
3 220
-
-
total
764
3 220
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 914
8 255
13 052
13 594
After tax
14 586
18 245
13 448
12 906
Living cost
10 257
10 257
10 257
10 257
Free-cash
4 329
7 988
3 191
2 649

Estimated living cost  is ₴10257 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3934
-₴11564
-₴3642
-₴5137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
municipal
-
-
-
158
regional
-
-
-
269
national
-
-
-
4 827
social contributions
-
-
-
6 816
total
-
-
-
12 070
Employee
38 064
-
26 500
-
social contributions
12 835
-
8 935
-
regional
359
-
234
-
municipal
202
-
141
-
national
6 596
-
4 255
-
total
19 992
-
13 565
-
Employer
38 064
-
26 500
-
total
-
-
-
-
Corporate
-
26 500
-
-
nationa
-
6 360
-
-
municipal
-
1 034
-
-
total
-
7 394
-
-
Dividends
-
19 106
-
-
withholding
-
4 968
-
-
total
-
4 968
-
-
Income
26 500
26 500
26 500
26 500
Total tax
19 992
12 362
13 565
12 070
After tax
6 508
14 138
12 935
14 430
Living cost
18 072
18 072
18 072
18 072
Free-cash
-11 564
-3 934
-5 137
-3 642

Estimated living cost  is ₴18072 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7218
₴5883
₴5367
₴4792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
4 111
pensions
-
-
-
5 300
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 882
surtax
-
-
-
291
total
-
-
-
11 682
Employee
14 163
-
21 892
-
other
-
-
-
-
health
362
-
558
-
surtax
46
-
248
-
income
2 374
-
3 858
-
pensions
944
-
1 461
-
unemployment
986
-
1 524
-
total
4 712
-
7 649
-
Employer
14 163
-
21 892
-
other
-
-
-
-
unemployment
449
-
694
-
pensions
1 888
-
2 918
-
health
645
-
996
-
total
2 982
-
4 608
-
Corporate
9 356
26 500
-
-
income
2 433
6 890
-
-
total
2 433
6 890
-
-
Dividends
6 923
19 610
-
-
withholding
1 039
2 941
-
-
total
1 039
2 941
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 166
9 831
12 257
11 682
After tax
15 334
16 669
14 243
14 818
Living cost
9 451
9 451
9 451
9 451
Free-cash
5 883
7 218
4 792
5 367

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴219
-₴4221
₴230
-₴2511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
4 966
pensions
-
-
-
1 668
total
-
-
-
6 634
Employee
27 254
-
23 605
-
health
396
-
321
-
income
4 908
-
4 282
-
pensions
2 313
-
1 876
-
total
7 617
-
6 479
-
Employer
27 254
-
23 605
-
pensions
2 950
-
2 447
-
health
518
-
449
-
total
3 468
-
2 896
-
Corporate
-
26 500
-
-
income

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

-
5 035
-
-
total
-
5 035
-
-
Dividends
-
21 465
-
-
withholding
-
1 610
-
-
total
-
1 610
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 085
6 645
9 375
6 634
After tax
15 415
19 855
17 125
19 866
Living cost
19 636
19 636
19 636
19 636
Free-cash
-4 221
219
-2 511
230

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴20251
-₴14988
-₴9943
-₴11296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
city
-
-
-
279
pensions
-
-
-
2 438
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.

-
-
-
530
regional
-
-
-
634
health
-
-
-
106
national
-
-
-
87
total
-
-
-
4 074
Employee
37 880
-
23 718
-
city
407
-
254
-
regional
1 240
-
534
-
health
86
-
53
-
pensions
3 182
-
1 993
-
unemployment
-
-
-
-
national
179
-
72
-
total
5 094
-
2 906
-
Employer
37 880
-
23 718
-
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.

757
-
475
-
unemployment
-
-
-
-
pensions
3 182
-
1 993
-
health
86
-
53
-
total
4 025
-
2 521
-
Corporate
-
26 500
-
-
regional
-
5 605
-
-
national
-
2 252
-
-
total
-
7 857
-
-
Dividends
-
18 643
-
-
withholding
-
6 525
-
-
total
-
6 525
-
-
Income
26 500
26 500
26 500
26 500
Total tax
9 119
14 382
5 427
4 074
After tax
17 381
12 118
21 073
22 426
Living cost
32 369
32 369
32 369
32 369
Free-cash
-14 988
-20 251
-11 296
-9 943

Estimated living cost  is ₴32369 per week

₴21049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6447
₴443
-₴611
₴519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
trade
-
-
-
1 130
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.

-
-
-
3 256
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.

-
-
-
2 926
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.

-
-
-
179
total
-
-
-
7 491
Employee

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

25 739
-
26 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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
-
179
-
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.

3 027
-
3 256
-
total
6 120
-
6 361
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
761
26 500
-
-
surtax

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

7
219
-
-
income
114
3 975
-
-
trade
130
4 545
-
-
chamber of commerce
66
102
-
-
total
317
8 841
-
-
Dividends
444
17 659
-
-
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.

-
234
-
-
withholding
-
4 252
-
-
total
-
4 486
-
-
Income
26 500
26 500
26 500
26 500
Total tax
6 437
13 327
6 361
7 491
After tax
20 063
13 173
20 139
19 009
Living cost
19 620
19 620
19 620
19 620
Free-cash
443
-6 447
519
-611

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1297
₴1234
₴1185
₴1374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
1 281
pensions
-
-
-
7 575
other
-
-
-
822
health
-
-
-
229
surtax
-
-
-
-
social contributions
-
-
-
755
total
-
-
-
10 662
Employee
18 330
-
20 194
-
social contributions
523
-
575
-
surtax
-
-
-
-
income
1 082
-
1 307
-
pensions
2 073
-
2 284
-
total
3 678
-
4 166
-
Employer
18 330
-
20 194
-
other
632
-
697
-
social contributions
55
-
61
-
unemployment
742
-
818
-
pensions
3 011
-
3 318
-
health
1 283
-
1 413
-
total
5 723
-
6 307
-
Corporate
2 446
26 500
-
-
surtax
-
-
-
-
income
685
7 420
-
-
total
685
7 420
-
-
Dividends
1 760
19 080
-
-
surtax
-
-
-
-
social contributions
302
3 282
-
-
withholding
225
2 442
-
-
total
527
5 724
-
-
Income
26 500
26 500
26 500
26 500
Total tax
10 613
13 144
10 473
10 662
After tax
15 887
13 356
16 027
15 838
Living cost
14 653
14 653
14 653
14 653
Free-cash
1 234
-1 297
1 374
1 185

Estimated living cost  is ₴14653 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Nice model

Close
Marseille , France
₴155
₴2533
₴2637
₴2826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
1 281
pensions
-
-
-
7 575
other
-
-
-
822
health
-
-
-
229
surtax
-
-
-
-
social contributions
-
-
-
755
total
-
-
-
10 662
Employee
16 362
-
20 194
-
social contributions
467
-
575
-
surtax
-
-
-
-
income
844
-
1 307
-
pensions
1 851
-
2 284
-
total
3 162
-
4 166
-
Employer
16 362
-
20 194
-
other
565
-
697
-
social contributions
49
-
61
-
unemployment
662
-
818
-
pensions
2 689
-
3 318
-
health
1 145
-
1 413
-
total
5 110
-
6 307
-
Corporate
5 028
26 500
-
-
surtax
-
-
-
-
income
1 408
7 420
-
-
total
1 408
7 420
-
-
Dividends
3 620
19 080
-
-
surtax
-
-
-
-
social contributions
623
3 282
-
-
withholding
463
2 442
-
-
total
1 086
5 724
-
-
Income
26 500
26 500
26 500
26 500
Total tax
10 766
13 144
10 473
10 662
After tax
15 734
13 356
16 027
15 838
Living cost
13 201
13 201
13 201
13 201
Free-cash
2 533
155
2 826
2 637

Estimated living cost  is ₴13201 per week

₴7656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7085
₴7308
₴7936
₴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
-
-
-
26 500
income
-
-
-
3 975
health
-
-
-
1 850
social contributions
-
-
-
3 657
total
-
-
-
9 482
Employee
14 522
-
26 500
-
social contributions
2 004
-
3 657
-
health
1 014
-
1 850
-
income
2 422
-
5 177
-
total
5 440
-
10 684
-
Employer
14 522
-
26 500
-
total
-
-
-
-
Corporate
11 978
26 500
-
-
income

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

599
1 325
-
-
total
599
1 325
-
-
Dividends
11 379
25 175
-
-
health
794
1 757
-
-
social contributions
1 570
3 475
-
-
withholding
1 707
3 776
-
-
total
4 071
9 008
-
-
Income
26 500
26 500
26 500
26 500
Total tax
10 110
10 333
10 684
9 482
After tax
16 390
16 167
15 816
17 018
Living cost
9 082
9 082
9 082
9 082
Free-cash
7 308
7 085
6 734
7 936

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39
-₴1554
-₴571
-₴5194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
chamber of commerce
-
-
-
106
income
-
-
-
2 232
pensions
-
-
-
4 903
unemployment
-
-
-
2 627
health
-
-
-
2 027
surtax
-
-
-
85
total
-
-
-
11 980
Employee
21 404
17 068
20 512
-
other
214
171
205
-
health
828
661
794
-
income
2 437
1 259
2 181
-
pensions
2 192
1 747
2 100
-
unemployment
642
512
615
-
total
6 313
4 350
5 895
-
Employer
21 404
17 068
20 512
-
accident
278
222
267
-
other
1 017
810
974
-
chamber of commerce
85
68
82
-
unemployment
642
512
615
-
surtax
85
85
85
-
pensions
2 686
2 142
2 574
-
payroll
642
512
615
-
health
809
645
775
-
total
6 244
4 996
5 987
-
Corporate
1 626
4 435
18 887
-
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.

406
1 109
4 721
-
total
406
1 109
4 721
-
Dividends
-
3 327
-
-
withholding
-
915
-
-
total
-
915
-
-
Income
26 500
26 500
26 500
26 500
Total tax
12 963
11 370
16 603
11 980
After tax
13 537
15 130
9 897
14 520
Living cost
15 091
15 091
15 091
15 091
Free-cash
-1 554
39
-5 194
-571

Estimated living cost  is ₴15091 per week

₴10065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
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.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴694
-₴13055
-₴1659
-₴4364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
national
-
-
-
7 896
communal

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

-
-
-
1 395
social contributions
-
-
-
3 252
total
-
-
-
12 543
Employee

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

30 636
-
20 525
-
communal

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

1 598
-
1 070
-
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.

1 439
-
964
-
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.

2 298
-
1 539
-
unemployment

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

267
-
179
-
national
9 419
-
5 521
-
total
15 021
-
9 273
-
Employer

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

30 636
-
20 525
-
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.

398
-
267
-
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.

447
-
300
-
surtax
3 474
-
2 328
-
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.

2 715
-
1 818
-
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.

1 884
-
1 262
-
total
8 918
-
5 975
-
Corporate
-
26 500
-
-
surtax
-
106
-
-
income
-
5 300
-
-
total
-
5 406
-
-
Dividends
-
21 094
-
-
withholding

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

-
6 172
-
-
total
-
6 172
-
-
Income
26 500
26 500
26 500
26 500
Total tax
23 939
11 578
15 248
12 543
After tax
2 561
14 922
11 252
13 957
Living cost
15 616
15 616
15 616
15 616
Free-cash
-13 055
-694
-4 364
-1 659

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2425
-₴1615
-₴990
-₴801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
accident
-
-
-
238
income
-
-
-
4 074
pensions
-
-
-
7 499
other
-
-
-
27
unemployment
-
-
-
185
total
-
-
-
12 023
Employee
21 319
-
20 094
-
other
21
-
20
-
income
4 498
-
4 154
-
pensions
1 002
-
944
-
unemployment
331
-
311
-
total
5 852
-
5 429
-
Employer
21 319
-
20 094
-
accident
422
-
398
-
other
170
-
160
-
unemployment
1 173
-
1 105
-
pensions
5 031
-
4 742
-
total
6 796
-
6 405
-
Corporate
-
26 500
-
-
income

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

-
3 975
-
-
total
-
3 975
-
-
Dividends
-
22 525
-
-
withholding
-
4 633
-
-
total
-
4 633
-
-
Income
26 500
26 500
26 500
26 500
Total tax
12 648
8 608
11 834
12 023
After tax
13 852
17 892
14 666
14 477
Living cost
15 467
15 467
15 467
15 467
Free-cash
-1 615
2 425
-801
-990

Estimated living cost  is ₴15467 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6688
-₴9808
-₴5897
-₴5381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
accident
-
-
-
238
income
-
-
-
1 255
pensions
-
-
-
4 240
health
-
-
-
1 987
surtax
-
-
-
1 402
communal
-
-
-
-
total
-
-
-
9 122
Employee
32 434
-
23 672
-
health
1 443
-
1 053
-
surtax
1 988
-
1 451
-
income
3 133
-
1 379
-
pensions
2 594
-
1 894
-
total
9 158
-
5 777
-
Employer
32 434
-
23 672
-
accident
292
-
213
-
pensions
2 594
-
1 894
-
health
989
-
722
-
total
3 875
-
2 829
-
Corporate
-
26 500
-
-
surtax
-
278
-
-
communal
-
1 789
-
-
income
-
3 975
-
-
total
-
6 042
-
-
Dividends
-
20 458
-
-
income
-
802
-
-
withholding
-
3 069
-
-
total
-
3 871
-
-
Income
26 500
26 500
26 500
26 500
Total tax
13 033
9 913
8 606
9 122
After tax
13 467
16 587
17 894
17 378
Living cost
23 275
23 275
23 275
23 275
Free-cash
-9 808
-6 688
-5 381
-5 897

Estimated living cost  is ₴23275 per week

₴17460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
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.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7049
₴5685
₴5198
₴4623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
4 111
pensions
-
-
-
5 300
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
1 882
surtax
-
-
-
291
total
-
-
-
11 682
Employee
14 423
-
21 892
-
other
-
-
-
-
health
368
-
558
-
surtax
51
-
248
-
income
2 418
-
3 858
-
pensions
962
-
1 461
-
unemployment
1 004
-
1 524
-
total
4 803
-
7 649
-
Employer
14 423
-
21 892
-
other
-
-
-
-
unemployment
458
-
694
-
pensions
1 923
-
2 918
-
health
656
-
996
-
total
3 037
-
4 608
-
Corporate
9 040
26 500
-
-
income
2 351
6 890
-
-
total
2 351
6 890
-
-
Dividends
6 690
19 610
-
-
withholding
1 004
2 941
-
-
total
1 004
2 941
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 195
9 831
12 257
11 682
After tax
15 305
16 669
14 243
14 818
Living cost
9 620
9 620
9 620
9 620
Free-cash
5 685
7 049
4 623
5 198

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2392
₴1441
₴2763
₴1276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
municipal
-
-
-
158
regional
-
-
-
399
national
-
-
-
4 827
social contributions
-
-
-
6 816
total
-
-
-
12 200
Employee
23 758
-
26 500
-
social contributions
8 011
-
8 935
-
regional
320
-
356
-
municipal
126
-
141
-
national
3 764
-
4 255
-
total
12 221
-
13 687
-
Employer
23 758
-
26 500
-
total
-
-
-
-
Corporate
2 742
26 500
-
-
nationa
658
6 360
-
-
municipal
137
1 317
-
-
total
795
7 677
-
-
Dividends
1 947
18 823
-
-
withholding
506
4 894
-
-
total
506
4 894
-
-
Income
26 500
26 500
26 500
26 500
Total tax
13 522
12 571
13 687
12 200
After tax
12 978
13 929
12 813
14 300
Living cost
11 537
11 537
11 537
11 537
Free-cash
1 441
2 392
1 276
2 763

Estimated living cost  is ₴11537 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5606
₴1097
₴267
₴809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
2 278
health
-
-
-
3 578
solidarity contribution
-
-
-
-
social contributions
-
-
-
7 738
total
-
-
-
13 594
Employee
18 587
-
19 776
-
social contributions
1 208
-
1 285
-
health
2 509
-
2 670
-
solidarity contribution
-
-
-
-
income
2 230
-
2 373
-
total
5 947
-
6 328
-
Employer
18 587
-
19 776
-
social contributions
4 647
-
4 944
-
health
1 673
-
1 780
-
total
6 320
-
6 724
-
Corporate
1 593
26 500
-
-
income
303
5 035
-
-
total
303
5 035
-
-
Dividends
1 290
21 465
-
-
withholding
194
3 220
-
-
total
194
3 220
-
-
Income
26 500
26 500
26 500
26 500
Total tax
12 764
8 255
13 052
13 594
After tax
13 736
18 245
13 448
12 906
Living cost
12 639
12 639
12 639
12 639
Free-cash
1 097
5 606
809
267

Estimated living cost  is ₴12639 per week

₴9399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
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.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1513
₴1299
₴941
-₴3751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
chamber of commerce
-
-
-
106
income
-
-
-
2 232
pensions
-
-
-
4 903
unemployment
-
-
-
2 627
health
-
-
-
2 027
surtax
-
-
-
-
total
-
-
-
11 895
Employee
18 722
17 068
20 577
-
other
187
171
206
-
health
724
661
797
-
income
1 668
1 259
2 199
-
pensions
1 917
1 747
2 107
-
unemployment
562
512
618
-
total
5 058
4 350
5 927
-
Employer
18 722
17 068
20 577
-
accident
243
222
267
-
other
889
810
977
-
chamber of commerce
75
68
82
-
unemployment
562
512
618
-
surtax
-
-
-
-
pensions
2 350
2 142
2 582
-
payroll
562
512
618
-
health
708
645
778
-
total
5 389
4 911
5 922
-
Corporate
2 390
4 520
18 953
-
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.

597
1 130
4 738
-
total
597
1 130
4 738
-
Dividends
1 793
3 390
-
-
withholding
493
932
-
-
total
493
932
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 537
11 323
16 587
11 895
After tax
14 963
15 177
9 913
14 605
Living cost
13 664
13 664
13 664
13 664
Free-cash
1 299
1 513
-3 751
941

Estimated living cost  is ₴13664 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19170
₴18044
₴20230
₴15195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
26 500
microenterprise

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

-
-
-
265
total
-
-
-
265
Employee
7 506
-
26 500
-
income
1 501
-
5 300
-
total
1 501
-
5 300
-
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%.

18 994
26 500
-
-
total
-
-
-
-
Dividends
18 994
26 500
-
-
withholding
950
1 325
-
-
total
950
1 325
-
-
Income
26 500
26 500
26 500
26 500
Total tax
2 451
1 325
5 300
265
After tax
24 049
25 175
21 200
26 235
Living cost
6 005
6 005
6 005
6 005
Free-cash
18 044
19 170
15 195
20 230

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6758
₴3175
₴2939
₴2180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
income
-
-
-
4 587
pensions
-
-
-
4 839
unemployment
-
-
-
40
health
-
-
-
2 607
total
-
-
-
12 073
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

18 939
-
22 930
-
health
1 223
-
1 481
-
income
3 266
-
4 195
-
pensions
2 936
-
3 554
-
unemployment
27
-
32
-
total
7 452
-
9 262
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

18 939
-
22 930
-
unemployment
11
-
14
-
pensions
1 676
-
2 029
-
health
1 261
-
1 527
-
total
2 948
-
3 570
-
Corporate
4 612
26 500
-
-
income
876
5 035
-
-
total
876
5 035
-
-
Dividends
3 736
21 465
-
-
withholding
561
3 219
-
-
total
561
3 219
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 837
8 254
12 832
12 073
After tax
14 663
18 246
13 668
14 427
Living cost
11 488
11 488
11 488
11 488
Free-cash
3 175
6 758
2 180
2 939

Estimated living cost  is ₴11488 per week

₴7884
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.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2367
-₴37394
-₴176
₴2372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
5 165
social contributions
-
-
-
3 021
total
-
-
-
8 186
Employee
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
-
26 500
-
-
income
-
5 830
-
-
total
-
5 830
-
-
Dividends
-
20 670
-
-
income
-
4 547
-
-
total
-
4 547
-
-
Income
26 500
26 500
26 500
26 500
Total tax
45 404
10 377
5 638
8 186
After tax
-18 904
16 123
20 862
18 314
Living cost
18 490
18 490
18 490
18 490
Free-cash
-37 394
-2 367
2 372
-176

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
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.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1639
₴1208
₴1785
₴994
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
income
-
-
-
2 072
surtax
-
-
-
-
social contributions

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

-
-
-
9 209
total
-
-
-
11 281
Employee
19 698
-
21 414
-
social contributions
2 167
-
2 355
-
surtax
-
-
-
-
income
4 097
-
4 632
-
total
6 264
-
6 987
-
Employer
19 698
-
21 414
-
social contributions
4 678
-
5 085
-
total
4 678
-
5 085
-
Corporate
2 124
26 500
-
-
surtax
-
-
-
-
income
446
5 565
-
-
total
446
5 565
-
-
Dividends
1 678
20 935
-
-
withholding
470
5 862
-
-
total
470
5 862
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 858
11 427
12 072
11 281
After tax
14 642
15 073
14 428
15 219
Living cost
13 434
13 434
13 434
13 434
Free-cash
1 208
1 639
994
1 785

Estimated living cost  is ₴13434 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
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.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7330
-₴8703
-₴4848
-₴4659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
1 281
pensions
-
-
-
7 575
other
-
-
-
822
health
-
-
-
229
surtax
-
-
-
-
social contributions
-
-
-
755
total
-
-
-
10 662
Employee
26 825
-
20 194
-
social contributions
764
-
575
-
surtax
-
-
-
-
income
2 341
-
1 307
-
pensions
3 034
-
2 284
-
total
6 139
-
4 166
-
Employer
26 825
-
20 194
-
other
926
-
697
-
social contributions
80
-
61
-
unemployment
1 087
-
818
-
pensions
4 408
-
3 318
-
health
1 877
-
1 413
-
total
8 378
-
6 307
-
Corporate
-
26 500
-
-
surtax
-
-
-
-
income
-
7 420
-
-
total
-
7 420
-
-
Dividends
-
19 080
-
-
surtax
-
-
-
-
social contributions
-
3 282
-
-
withholding
-
2 442
-
-
total
-
5 724
-
-
Income
26 500
26 500
26 500
26 500
Total tax
14 517
13 144
10 473
10 662
After tax
11 983
13 356
16 027
15 838
Living cost
20 686
20 686
20 686
20 686
Free-cash
-8 703
-7 330
-4 659
-4 848

Estimated living cost  is ₴20686 per week

₴14000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴10976
₴9537
₴7737
₴8481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
59
social contributions
-
-
-
5 830
total
-
-
-
5 889
Employee
13 769
-
22 943
-
income
-
-
98
-
social contributions
895
-
1 491
-
total
895
-
1 589
-
Employer
13 769
-
22 943
-
social contributions
2 134
-
3 556
-
total
2 134
-
3 556
-
Corporate
10 597
26 500
-
-
income
1 060
2 650
-
-
total
1 060
2 650
-
-
Dividends
9 537
23 850
-
-
total
-
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
4 089
2 650
5 145
5 889
After tax
22 411
23 850
21 355
20 611
Living cost
12 874
12 874
12 874
12 874
Free-cash
9 537
10 976
8 481
7 737

Estimated living cost  is ₴12874 per week

₴8324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴66855
-₴66855
-₴3554
-₴66855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
municipal
-
-
-
4 397
pensions
-
-
-
371
national
-
-
-
2 561
labour market
-
-
-
2 090
total
-
-
-
9 419
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
72 720
72 720
72 720
9 419
After tax
-46 220
-46 220
-46 220
17 081
Living cost
20 635
20 635
20 635
20 635
Free-cash
-66 855
-66 855
-66 855
-3 554

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7082
₴731
₴9060
₴4628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
accident
-
-
-
108
income
-
-
-
5 244
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
8 211
Employee
14 518
-
22 014
-
health
1 662
-
2 520
-
income
1 992
-
3 158
-
pensions
1 635
-
2 479
-
total
5 289
-
8 157
-
Employer
14 518
-
22 014
-
accident
242
-
368
-
unemployment
356
-
539
-
pensions
2 361
-
3 579
-
total
2 959
-
4 486
-
Corporate
9 023
26 500
-
-
income

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

8 121
23 850
-
-
total
8 121
23 850
-
-
Dividends
902
2 650
-
-
withholding
171
503
-
-
total
171
503
-
-
Income
26 500
26 500
26 500
26 500
Total tax
16 540
24 353
12 643
8 211
After tax
9 960
2 147
13 857
18 289
Living cost
9 229
9 229
9 229
9 229
Free-cash
731
-7 082
4 628
9 060

Estimated living cost  is ₴9229 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1799
-₴284
₴3839
-₴164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
26 500
municipal
-
-
-
4 729
health
-
-
-
229
national
-
-
-
1 260
total
-
-
-
6 218
Employee
22 533
-
22 294
-
health
168
-
164
-
municipal
3 691
-
3 653
-
pensions
1 521
-
1 505
-
unemployment
338
-
334
-
national
372
-
359
-
total
6 090
-
6 015
-
Employer
22 533
-
22 294
-
accident
23
-
22
-
unemployment
146
-
145
-
pensions
3 909
-
3 868
-
health
173
-
171
-
total
4 251
-
4 206
-
Corporate
-
26 500
-
-
income
-
5 300
-
-
total
-
5 300
-
-
Dividends

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

-
15 900
-
-
national
-
96
-
-
municipal
-
2 862
-
-
total
-
2 958
-
-
Income
26 500
26 500
26 500
26 500
Total tax
10 341
8 258
10 221
6 218
After tax
16 159
18 242
16 279
20 282
Living cost
16 443
16 443
16 443
16 443
Free-cash
-284
1 799
-164
3 839

Estimated living cost  is ₴16443 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6899
₴7245
₴10606
₴8422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
1 169
health
-
-
-
675
social contributions
-
-
-
4 134
total
-
-
-
5 978
Employee
32 933
32 933
32 933
-
social contributions
1 245
2 733
1 997
-
health
255
560
409
-
income
3 586
3 049
3 314
-
total
5 086
6 342
5 720
-
Employer
32 933
32 933
32 933
-
social contributions
1 245
2 733
1 997
-
health
277
610
445
-
total
1 522
3 343
2 442
-
Corporate
9 975
-
-
-
income
1 247
-
-
-
total
1 247
-
-
-
Dividends
8 729
-
-
-
withholding
1 484
-
-
-
total
1 484
-
-
-
Income
26 500
26 500
26 500
26 500
Total tax
9 339
9 685
8 162
5 978
After tax
17 161
16 815
18 338
20 522
Living cost
9 916
9 916
9 916
9 916
Free-cash
7 245
6 899
8 422
10 606

Estimated living cost  is ₴9916 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15145
₴12965
₴13122
₴9602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 500
income
-
-
-
2 292
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
6 578
Employee

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

9 831
-
24 025
-
health
836
-
2 042
-
income
672
-
1 857
-
pensions
1 474
-
3 604
-
unemployment
49
-
120
-
total
3 031
-
7 623
-
Employer

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

9 831
-
24 025
-
unemployment
49
-
120
-
pensions
540
-
1 322
-
health
423
-
1 033
-
total
1 012
-
2 475
-
Corporate
15 657
26 500
-
-
income
1 409
2 385
-
-
total
1 409
2 385
-
-
Dividends
14 248
24 115
-
-
withholding
1 283
2 170
-
-
total
1 283
2 170
-
-
Income
26 500
26 500
26 500
26 500
Total tax
6 735
4 555
10 098
6 578
After tax
19 765
21 945
16 402
19 922
Living cost
6 800
6 800
6 800
6 800
Free-cash
12 965
15 145
9 602
13 122

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6115
₴3868
₴2700
₴2889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
accident
-
-
-
238
income
-
-
-
4 074
pensions
-
-
-
7 499
other
-
-
-
27
unemployment
-
-
-
185
total
-
-
-
12 023
Employee
15 836
-
20 094
-
other
15
-
20
-
income
3 053
-
4 154
-
pensions
744
-
944
-
unemployment
245
-
311
-
total
4 057
-
5 429
-
Employer
15 836
-
20 094
-
accident
314
-
398
-
other
127
-
160
-
unemployment
871
-
1 105
-
pensions
3 737
-
4 742
-
total
5 049
-
6 405
-
Corporate
5 615
26 500
-
-
income

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

842
3 975
-
-
total
842
3 975
-
-
Dividends
4 773
22 525
-
-
withholding
907
4 633
-
-
total
907
4 633
-
-
Income
26 500
26 500
26 500
26 500
Total tax
10 855
8 608
11 834
12 023
After tax
15 645
17 892
14 666
14 477
Living cost
11 777
11 777
11 777
11 777
Free-cash
3 868
6 115
2 889
2 700

Estimated living cost  is ₴11777 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
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.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15366
₴15173
₴15368
₴15286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
8 490
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
9 962
Employee
1 782
-
25 540
-
health
89
-
213
-
income
345
-
8 445
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
9 085
-
Employer
1 782
-
25 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
24 317
26 500
-
-
income
5 350
5 830
-
-
total
5 350
5 830
-
-
Dividends
18 968
20 670
-
-
withholding
3 794
4 134
-
-
total
3 794
4 134
-
-
Income
26 500
26 500
26 500
26 500
Total tax
10 157
9 964
10 044
9 962
After tax
16 343
16 536
16 456
16 538
Living cost
1 170
1 170
1 170
1 170
Free-cash
15 173
15 366
15 286
15 368

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11738
₴9630
₴5651
₴6790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
income
-
-
-
3 424
pensions
-
-
-
6 890
unemployment
-
-
-
398
health
-
-
-
2 729
total
-
-
-
13 441
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.

11 170
-
22 477
-
health
575
-
1 158
-
income
1 540
-
3 804
-
pensions
1 564
-
3 147
-
unemployment
84
-
169
-
total
3 763
-
8 278
-
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.

11 170
-
22 477
-
unemployment
84
-
169
-
pensions
1 340
-
2 697
-
health
575
-
1 158
-
total
1 999
-
4 024
-
Corporate
13 330
26 500
-
-
income
2 000
3 975
-
-
total
2 000
3 975
-
-
Dividends
11 331
22 525
-
-
withholding
1 700
3 379
-
-
total
1 700
3 379
-
-
Income
26 500
26 500
26 500
26 500
Total tax
9 462
7 354
12 302
13 441
After tax
17 038
19 146
14 198
13 059
Living cost
7 408
7 408
7 408
7 408
Free-cash
9 630
11 738
6 790
5 651

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3527
₴3372
₴3673
₴2882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
26 500
income
-
-
-
2 072
surtax
-
-
-
-
social contributions

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

-
-
-
9 209
total
-
-
-
11 281
Employee
16 623
-
21 414
-
social contributions
1 829
-
2 355
-
surtax
-
-
-
-
income
3 248
-
4 632
-
total
5 077
-
6 987
-
Employer
16 623
-
21 414
-
social contributions
3 948
-
5 085
-
total
3 948
-
5 085
-
Corporate
5 930
26 500
-
-
surtax
-
-
-
-
income
1 245
5 565
-
-
total
1 245
5 565
-
-
Dividends
4 684
20 935
-
-
withholding
1 312
5 862
-
-
total
1 312
5 862
-
-
Income
26 500
26 500
26 500
26 500
Total tax
11 582
11 427
12 072
11 281
After tax
14 918
15 073
14 428
15 219
Living cost
11 546
11 546
11 546
11 546
Free-cash
3 372
3 527
2 882
3 673

Estimated living cost  is ₴11546 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2840
-₴779
-₴575
-₴386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
accident
-
-
-
238
income
-
-
-
4 074
pensions
-
-
-
7 499
other
-
-
-
27
unemployment
-
-
-
185
total
-
-
-
12 023
Employee
20 684
-
20 094
-
other
20
-
20
-
income
4 320
-
4 154
-
pensions
972
-
944
-
unemployment
320
-
311
-
total
5 632
-
5 429
-
Employer
20 684
-
20 094
-
accident
410
-
398
-
other
166
-
160
-
unemployment
1 138
-
1 105
-
pensions
4 881
-
4 742
-
total
6 595
-
6 405
-
Corporate
-
26 500
-
-
income

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

-
3 975
-
-
total
-
3 975
-
-
Dividends
-
22 525
-
-
withholding
-
4 633
-
-
total
-
4 633
-
-
Income
26 500
26 500
26 500
26 500
Total tax
12 227
8 608
11 834
12 023
After tax
14 273
17 892
14 666
14 477
Living cost
15 052
15 052
15 052
15 052
Free-cash
-779
2 840
-386
-575

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15285
₴12674
₴11155
₴11666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
3 975
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
7 973
Employee
9 762
-
23 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
2 356
-
pensions

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

857
-
1 314
-
total
2 389
-
4 524
-
Employer
9 762
-
23 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
14 822
26 500
-
-
income
1 482
2 650
-
-
total
1 482
2 650
-
-
Dividends
13 340
23 850
-
-
withholding
667
1 193
-
-
total
667
1 193
-
-
Income
26 500
26 500
26 500
26 500
Total tax
6 454
3 843
7 462
7 973
After tax
20 046
22 657
19 038
18 527
Living cost
7 372
7 372
7 372
7 372
Free-cash
12 674
15 285
11 666
11 155

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴2817
₴2787
₴2659
₴3604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
trade
-
-
-
945
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.

-
-
-
3 256
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.

-
-
-
2 926
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.

-
-
-
179
total
-
-
-
7 306
Employee

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

21 310
-
26 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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
-
179
-
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.

1 752
-
3 256
-
total
4 775
-
6 361
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 190
26 500
-
-
surtax

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

43
219
-
-
income
779
3 975
-
-
trade
744
3 803
-
-
chamber of commerce
72
104
-
-
total
1 638
8 101
-
-
Dividends
3 551
18 399
-
-
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.

40
244
-
-
withholding
725
4 437
-
-
total
765
4 681
-
-
Income
26 500
26 500
26 500
26 500
Total tax
7 178
12 782
6 361
7 306
After tax
19 322
13 718
20 139
19 194
Living cost
16 535
16 535
16 535
16 535
Free-cash
2 787
-2 817
3 604
2 659

Estimated living cost  is ₴16535 per week

₴11406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5848
-₴7002
-₴3868
-₴3868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
3 959
social contributions
-
-
-
2 012
total
-
-
-
5 971
Employee
33 502
-
26 500
-
income
6 322
-
3 959
-
social contributions
2 783
-
2 012
-
total
9 105
-
5 971
-
Employer
33 502
-
26 500
-
total
-
-
-
-
Corporate
-
26 500
-
-
income
-
3 313
-
-
total
-
3 313
-
-
Dividends
-
23 187
-
-
withholding
-
4 638
-
-
total
-
4 638
-
-
Income
26 500
26 500
26 500
26 500
Total tax
9 105
7 951
5 971
5 971
After tax
17 395
18 549
20 529
20 529
Living cost
24 397
24 397
24 397
24 397
Free-cash
-7 002
-5 848
-3 868
-3 868

Estimated living cost  is ₴24397 per week

₴18561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴585
₴1896
-₴4099
₴3661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
income
-
-
-
12 191
health

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

-
-
-
2 861
total
-
-
-
15 052
Employee
19 647
-
24 530
-
income
2 132
-
3 352
-
social contributions
1 969
-
1 970
-
total
4 101
-
5 322
-
Employer
19 647
-
24 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
4 884
26 500
-
-
income
1 709
9 275
-
-
total
1 709
9 275
-
-
Dividends
3 175
17 225
-
-
social contributions
1 278
2 263
-
-
total
1 278
2 263
-
-
Income
26 500
26 500
26 500
26 500
Total tax
9 057
11 538
7 292
15 052
After tax
17 443
14 962
19 208
11 448
Living cost
15 547
15 547
15 547
15 547
Free-cash
1 896
-585
3 661
-4 099

Estimated living cost  is ₴15547 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴3891
₴1467
₴3902
₴1161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
income
-
-
-
4 966
pensions
-
-
-
1 668
total
-
-
-
6 634
Employee
21 912
-
23 605
-
health
286
-
321
-
income
3 990
-
4 282
-
pensions
1 672
-
1 876
-
total
5 948
-
6 479
-
Employer
21 912
-
23 605
-
pensions
2 214
-
2 447
-
health
416
-
449
-
total
2 630
-
2 896
-
Corporate
1 957
26 500
-
-
income

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

372
5 035
-
-
total
372
5 035
-
-
Dividends
1 586
21 465
-
-
withholding
119
1 610
-
-
total
119
1 610
-
-
Income
26 500
26 500
26 500
26 500
Total tax
9 069
6 645
9 375
6 634
After tax
17 431
19 855
17 125
19 866
Living cost
15 964
15 964
15 964
15 964
Free-cash
1 467
3 891
1 161
3 902

Estimated living cost  is ₴15964 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7996
₴590
₴8146
₴3714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
accident
-
-
-
108
income
-
-
-
5 244
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
8 211
Employee
15 955
-
22 014
-
health
1 827
-
2 520
-
income
2 189
-
3 158
-
pensions
1 797
-
2 479
-
total
5 813
-
8 157
-
Employer
15 955
-
22 014
-
accident
266
-
368
-
unemployment
391
-
539
-
pensions
2 594
-
3 579
-
total
3 251
-
4 486
-
Corporate
7 293
26 500
-
-
income

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

6 564
23 850
-
-
total
6 564
23 850
-
-
Dividends
729
2 650
-
-
withholding
139
503
-
-
total
139
503
-
-
Income
26 500
26 500
26 500
26 500
Total tax
15 767
24 353
12 643
8 211
After tax
10 733
2 147
13 857
18 289
Living cost
10 143
10 143
10 143
10 143
Free-cash
590
-7 996
3 714
8 146

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16740
₴14658
₴9798
₴9798
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
26 500
work injury
-
-
-
133
health insurance
-
-
-
1 961
income
-
-
-
3 629
pensions
-
-
-
4 876
unemployment
-
-
-
318
total
-
-
-
10 917
Employee

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

9 257
-
26 500
-
work injury
46
-
133
-
income
926
-
3 629
-
pensions
1 703
-
4 876
-
health insurance
685
-
1 961
-
unemployment
111
-
318
-
total
3 471
-
10 917
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17 243
26 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
17 243
26 500
-
-
withholding
2 586
3 975
-
-
total
2 586
3 975
-
-
Income
26 500
26 500
26 500
26 500
Total tax
6 057
3 975
10 917
10 917
After tax
20 443
22 525
15 583
15 583
Living cost
5 785
5 785
5 785
5 785
Free-cash
14 658
16 740
9 798
9 798

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Rome , Italy
-₴3104
-₴9590
-₴2798
-₴4267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
26 500
municipal
-
-
-
177
regional
-
-
-
416
national
-
-
-
4 827
social contributions
-
-
-
6 816
total
-
-
-
12 236
Employee
36 090
-
26 500
-
social contributions
12 169
-
8 935
-
regional
545
-
357
-
municipal
215
-
158
-
national
6 099
-
4 255
-
total
19 028
-
13 705
-
Employer
36 090
-
26 500
-
total
-
-
-
-
Corporate
-
26 500
-
-
nationa
-
6 360
-
-
municipal
-
1 278
-
-
total
-
7 638
-
-
Dividends
-
18 862
-
-
withholding
-
4 904
-
-
total
-
4 904
-
-
Income
26 500
26 500
26 500
26 500
Total tax
19 028
12 542
13 705
12 236
After tax
7 472
13 958
12 795
14 264
Living cost
17 062
17 062
17 062
17 062
Free-cash
-9 590
-3 104
-4 267
-2 798

Estimated living cost  is ₴17062 per week

₴11985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close