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
₴ 27500
per

Your estimated
City
free-cash

Dresden , Germany
₴5398
-₴1071
₴4420
₴6093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
trade
-
-
-
695
health

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

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

-
-
-
3 392
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.

-
-
-
155
income

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

-
-
-
2 821
total
-
-
-
7 063
Employee

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

18 991
-
27 500
-
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.

29
-
155
-
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.

530
-
2 821
-
health

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

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

3 392
-
3 392
-
total
3 951
-
6 368
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 509
27 500
-
-
trade
1 340
4 331
-
-
income
1 277
4 125
-
-
chamber of commerce
88
115
-
-
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.

71
227
-
-
total
2 776
8 798
-
-
Dividends
5 735
18 702
-
-
withholding
1 245
4 487
-
-
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.

69
247
-
-
total
1 314
4 734
-
-
Income
27 500
27 500
27 500
27 500
Total tax
8 041
13 532
6 368
7 063
After tax
19 459
13 968
21 132
20 437
Living cost
15 039
15 039
15 039
15 039
Free-cash
4 420
-1 071
6 093
5 398

Estimated living cost  is ₴15039 per week

₴9460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8953
-₴9172
-₴17025
-₴8738
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
municipal
-
-
-
2 559
pensions
-
-
-
3 300
social contributions
-
-
-
296
national
-
-
-
3 966
total
-
-
-
10 121
Employee
40 820
-
23 774
-
municipal
5 042
-
2 666
-
national
7 813
-
4 131
-
pensions
1 633
-
951
-
total
14 488
-
7 748
-
Employer
40 820
-
23 774
-
pensions
3 266
-
1 902
-
social contributions
439
-
256
-
total
3 705
-
2 158
-
Corporate
-
27 500
-
-
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%.

-
5 500
-
-
total
-
5 500
-
-
Dividends
-
22 000
-
-
withholding
-
4 840
-
-
total
-
4 840
-
-
Income
27 500
27 500
27 500
27 500
Total tax
18 193
10 340
9 906
10 121
After tax
9 307
17 160
17 594
17 379
Living cost
26 332
26 332
26 332
26 332
Free-cash
-17 025
-9 172
-8 738
-8 953

Estimated living cost  is ₴26332 per week

₴17898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴394
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11482
₴11671
₴7597
₴5423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
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.

-
-
-
1 563
income
-
-
-
-
microenterprise
-
-
-
4 125
total
-
-
-
5 688
Employee
14 508
-
22 161
-
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.

1 596
-
2 438
-
surtax
-
-
-
-
income
2 583
-
3 971
-
total
4 179
-
6 409
-
Employer
14 508
-
22 161
-
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.

3 495
-
5 339
-
total
3 495
-
5 339
-
Corporate
9 497
27 500
-
-
income

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

1 900
5 500
-
-
total
1 900
5 500
-
-
Dividends

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

7 598
22 000
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 574
5 500
11 748
5 688
After tax
17 926
22 000
15 752
21 812
Living cost
10 330
10 330
10 330
10 330
Free-cash
7 597
11 671
5 423
11 482

Estimated living cost  is ₴10330 per week

₴6590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5064
-₴19016
-₴21803
-₴21803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
4 949
health
-
-
-
4 221
income
-
-
-
2 595
total
-
-
-
11 765
Employee
42 400
42 400
42 400
-
pensions
7 632
5 817
7 632
-
income

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

6 940
6 940
6 940
-
health
6 508
5 536
6 508
-
total
21 080
18 293
21 080
-
Employer
42 400
42 400
42 400
-
pensions
2 951
2 951
2 951
-
unemployment
1 526
1 526
1 526
-
health
2 947
2 947
2 947
-
total
7 424
7 424
7 424
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
28 504
25 717
28 504
11 765
After tax
-1 004
1 783
-1 004
15 735
Living cost
20 799
20 799
20 799
20 799
Free-cash
-21 803
-19 016
-21 803
-5 064

Estimated living cost  is ₴20799 per week

₴14740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6768
-₴5461
-₴10842
-₴5791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
municipal
-
-
-
5 825
pensions
-
-
-
2 973
health
-
-
-
1 716
other
-
-
-
3 196
unemployment
-
-
-
27
accident
-
-
-
55
national
-
-
-
-
total
-
-
-
13 792
Employee
29 176
-
20 925
-
municipal
8 700
-
6 240
-
national
-
-
-
-
total
8 700
-
6 240
-
Employer
29 176
-
20 925
-
pensions
3 154
-
2 262
-
other
3 390
-
2 432
-
unemployment
770
-
552
-
accident
58
-
42
-
health
1 794
-
1 287
-
total
9 166
-
6 575
-
Corporate
-
27 500
-
-
income
-
6 050
-
-
total
-
6 050
-
-
Dividends
-
21 450
-
-
withholding
-
6 435
-
-
total
-
6 435
-
-
Income
27 500
27 500
27 500
27 500
Total tax
17 866
12 485
12 815
13 792
After tax
9 634
15 015
14 685
13 708
Living cost
20 476
20 476
20 476
20 476
Free-cash
-10 842
-5 461
-5 791
-6 768

Estimated living cost  is ₴20476 per week

₴13571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴901
-₴5679
₴1297
₴1627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
trade
-
-
-
726
health

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

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

-
-
-
3 392
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.

-
-
-
155
income

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

-
-
-
2 821
total
-
-
-
7 094
Employee

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

25 179
-
27 500
-
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.

119
-
155
-
income

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

2 163
-
2 821
-
health

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

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

3 392
-
3 392
-
total
5 674
-
6 368
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 321
27 500
-
-
trade
382
4 524
-
-
income
349
4 125
-
-
chamber of commerce
79
115
-
-
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.

19
227
-
-
total
829
8 991
-
-
Dividends
1 493
18 509
-
-
withholding
185
4 439
-
-
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.

10
244
-
-
total
195
4 683
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 698
13 674
6 368
7 094
After tax
20 802
13 826
21 132
20 406
Living cost
19 505
19 505
19 505
19 505
Free-cash
1 297
-5 679
1 627
901

Estimated living cost  is ₴19505 per week

₴13045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5578
₴168
₴2094
₴2436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
health
-
-
-
701
social contributions
-
-
-
4 290
income
-
-
-
827
total
-
-
-
5 818
Employee
38 179
38 179
38 179
-
social contributions
1 855
3 169
2 072
-
income
4 009
3 534
3 930
-
health
380
649
424
-
total
6 244
7 352
6 426
-
Employer
38 179
38 179
38 179
-
social contributions
1 855
3 169
2 072
-
health
414
707
462
-
total
2 269
3 876
2 534
-
Corporate
2 883
-
-
-
income
360
-
-
-
total
360
-
-
-
Dividends
2 523
-
-
-
withholding
429
-
-
-
total
429
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 302
11 228
8 960
5 818
After tax
18 198
16 272
18 540
21 682
Living cost
16 104
16 104
16 104
16 104
Free-cash
2 094
168
2 436
5 578

Estimated living cost  is ₴16104 per week

₴11009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9924
₴6449
₴6638
₴6816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
2 750
health
-
-
-
1 925
unemployment
-
-
-
412
income
-
-
-
3 362
total
-
-
-
8 449
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.

13 175
5 244
23 013
-
pensions
1 318
524
2 301
-
unemployment
198
79
345
-
income
1 611
641
2 813
-
health
922
367
1 611
-
total
4 049
1 611
7 070
-
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.

13 175
5 244
23 013
-
pensions
2 569
1 023
4 487
-
total
2 569
1 023
4 487
-
Corporate
11 755
21 234
-
-
income
1 058
1 911
-
-
total
1 058
1 911
-
-
Dividends
10 697
19 323
-
-
withholding
2 033
3 671
-
-
social contributions
2 026
3 708
-
-
total
4 059
7 379
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 735
11 924
11 557
8 449
After tax
15 765
15 576
15 943
19 051
Living cost
9 127
9 127
9 127
9 127
Free-cash
6 638
6 449
6 816
9 924

Estimated living cost  is ₴9127 per week

₴6229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3338
₴10007
₴6922
₴4295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
5 500
health
-
-
-
3 575
income
-
-
-
3 094
total
-
-
-
12 169
Employee
14 085
-
20 552
-
pensions
282
-
411
-
unemployment
225
-
329
-
income
1 586
-
3 526
-
total
2 093
-
4 266
-
Employer
14 085
-
20 552
-
pensions
2 817
-
4 110
-
unemployment
113
-
164
-
health
1 831
-
2 672
-
total
4 761
-
6 946
-
Corporate
8 654
27 500
-
-
income
1 731
5 500
-
-
total
1 731
5 500
-
-
Dividends
6 923
22 000
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
8 585
5 500
11 212
12 169
After tax
18 915
22 000
16 288
15 331
Living cost
11 993
11 993
11 993
11 993
Free-cash
6 922
10 007
4 295
3 338

Estimated living cost  is ₴11993 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7911
-₴8883
₴522
₴3413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
4 962
total
-
-
-
8 479
Employee
17 476
-
22 844
-
pensions
1 968
-
2 572
-
income
2 398
-
3 134
-
health
2 001
-
2 616
-
total
6 367
-
8 322
-
Employer
17 476
-
22 844
-
pensions
2 842
-
3 714
-
unemployment
428
-
560
-
accident
292
-
381
-
total
3 562
-
4 655
-
Corporate
6 462
27 500
-
-
income

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

5 816
24 750
-
-
total
5 816
24 750
-
-
Dividends
646
2 750
-
-
withholding
123
523
-
-
total
123
523
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 868
25 273
12 977
8 479
After tax
11 632
2 227
14 523
19 021
Living cost
11 110
11 110
11 110
11 110
Free-cash
522
-8 883
3 413
7 911

Estimated living cost  is ₴11110 per week

₴8142
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.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23168
₴22068
₴21308
₴17943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
27 500
microenterprise

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

-
-
-
275
total
-
-
-
275
Employee
5 071
-
27 500
-
income
1 014
-
5 500
-
total
1 014
-
5 500
-
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%.

22 429
27 500
-
-
total
-
-
-
-
Dividends
22 429
27 500
-
-
withholding
1 121
1 375
-
-
total
1 121
1 375
-
-
Income
27 500
27 500
27 500
27 500
Total tax
2 135
1 375
5 500
275
After tax
25 365
26 125
22 000
27 225
Living cost
4 057
4 057
4 057
4 057
Free-cash
21 308
22 068
17 943
23 168

Estimated living cost  is ₴4057 per week

₴2514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1661
₴6974
₴3620
₴2891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
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.

-
-
-
6 600
health
-
-
-
1 210
other
-
-
-
1 306
income
-
-
-
3 493
total
-
-
-
12 609
Employee
18 028
-
21 965
-
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.

1 262
-
1 537
-
unemployment
180
-
220
-
income
3 104
-
3 781
-
health
253
-
307
-
total
4 799
-
5 845
-
Employer
18 028
-
21 965
-
pensions

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

3 065
-
3 734
-
other
902
-
1 098
-
unemployment
180
-
220
-
accident
144
-
175
-
health
253
-
307
-
total
4 544
-
5 534
-
Corporate
4 929
27 500
-
-
income
1 035
5 775
-
-
total
1 035
5 775
-
-
Dividends
3 893
21 725
-
-
withholding
272
1 521
-
-
total
272
1 521
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 650
7 296
11 379
12 609
After tax
16 850
20 204
16 121
14 891
Living cost
13 230
13 230
13 230
13 230
Free-cash
3 620
6 974
2 891
1 661

Estimated living cost  is ₴13230 per week

₴9348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12127
-₴12198
-₴25271
-₴14888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
1 656
income
-
-
-
5 169
total
-
-
-
6 825
Employee
46 410
-
24 568
-
pensions
4 477
-
1 856
-
income
8 366
-
4 480
-
health
765
-
318
-
total
13 608
-
6 654
-
Employer
46 410
-
24 568
-
pensions
5 480
-
2 465
-
health
881
-
467
-
total
6 361
-
2 932
-
Corporate
-
27 500
-
-
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.

-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
1 671
-
-
total
-
1 671
-
-
Income
27 500
27 500
27 500
27 500
Total tax
19 969
6 896
9 586
6 825
After tax
7 531
20 604
17 914
20 675
Living cost
32 802
32 802
32 802
32 802
Free-cash
-25 271
-12 198
-14 888
-12 127

Estimated living cost  is ₴32802 per week

₴24579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12230
₴17000
₴14693
₴12660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions

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

-
-
-
2 568
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
4 125
total
-
-
-
8 757
Employee
8 624
-
24 096
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

757
-
1 524
-
income
862
-
2 410
-
health
397
-
798
-
total
2 111
-
4 923
-
Employer
8 624
-
24 096
-
pensions

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

950
-
1 912
-
unemployment
52
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
health
595
-
1 197
-
total
1 692
-
3 404
-
Corporate
17 183
27 500
-
-
income
1 718
2 750
-
-
total
1 718
2 750
-
-
Dividends
15 465
24 750
-
-
withholding
773
1 237
-
-
total
773
1 237
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 294
3 987
8 327
8 757
After tax
21 206
23 513
19 173
18 743
Living cost
6 513
6 513
6 513
6 513
Free-cash
14 693
17 000
12 660
12 230

Estimated living cost  is ₴6513 per week

₴3802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴465
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.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11797
-₴25749
-₴26592
-₴28536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
4 949
health
-
-
-
4 221
income
-
-
-
2 595
total
-
-
-
11 765
Employee
46 033
42 400
42 400
-
pensions
5 817
5 817
7 632
-
income

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

6 940
6 940
6 940
-
health
5 743
5 536
6 508
-
total
18 500
18 293
21 080
-
Employer
46 033
42 400
42 400
-
pensions
3 204
2 951
2 951
-
unemployment
1 657
1 526
1 526
-
health
3 199
2 947
2 947
-
total
8 060
7 424
7 424
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
26 560
25 717
28 504
11 765
After tax
940
1 783
-1 004
15 735
Living cost
27 532
27 532
27 532
27 532
Free-cash
-26 592
-25 749
-28 536
-11 797

Estimated living cost  is ₴27532 per week

₴20310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1056
₴6596
₴2195
₴1616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
health
-
-
-
3 712
social contributions
-
-
-
8 030
solidarity contribution
-
-
-
-
income
-
-
-
2 364
total
-
-
-
14 106
Employee
18 145
-
20 522
-
social contributions
1 179
-
1 334
-
income
2 177
-
2 463
-
solidarity contribution
-
-
-
-
health
2 450
-
2 771
-
total
5 806
-
6 568
-
Employer
18 145
-
20 522
-
social contributions
4 536
-
5 131
-
health
1 633
-
1 847
-
total
6 169
-
6 978
-
Corporate
3 186
27 500
-
-
income
605
5 225
-
-
total
605
5 225
-
-
Dividends
2 581
22 275
-
-
withholding
387
3 341
-
-
total
387
3 341
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 967
8 566
13 546
14 106
After tax
14 533
18 934
13 954
13 394
Living cost
12 338
12 338
12 338
12 338
Free-cash
2 195
6 596
1 616
1 056

Estimated living cost  is ₴12338 per week

₴8570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5910
-₴6278
-₴16627
-₴7465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
municipal
-
-
-
163
regional
-
-
-
274
social contributions
-
-
-
7 073
national
-
-
-
4 949
total
-
-
-
12 459
Employee
44 127
-
27 500
-
social contributions
14 880
-
9 273
-
municipal
234
-
146
-
regional
416
-
239
-
national
7 646
-
4 356
-
total
23 176
-
14 014
-
Employer
44 127
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
nationa
-
6 600
-
-
municipal
-
1 072
-
-
total
-
7 672
-
-
Dividends
-
19 828
-
-
withholding
-
5 155
-
-
total
-
5 155
-
-
Income
27 500
27 500
27 500
27 500
Total tax
23 176
12 827
14 014
12 459
After tax
4 324
14 673
13 486
15 041
Living cost
20 951
20 951
20 951
20 951
Free-cash
-16 627
-6 278
-7 465
-5 910

Estimated living cost  is ₴20951 per week

₴14604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4673
₴6341
₴4797
₴4085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
5 500
health
-
-
-
1 953
surtax
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
4 085
total
-
-
-
11 871
Employee
16 419
-
22 718
-
surtax
54
-
176
-
pensions
1 095
-
1 515
-
other
-
-
-
-
unemployment
1 143
-
1 581
-
income
2 752
-
3 826
-
health
419
-
579
-
total
5 463
-
7 677
-
Employer
16 419
-
22 718
-
pensions
2 189
-
3 028
-
other
-
-
-
-
unemployment
520
-
720
-
health
747
-
1 034
-
total
3 456
-
4 782
-
Corporate
7 625
27 500
-
-
income
1 982
7 150
-
-
total
1 982
7 150
-
-
Dividends
5 642
20 350
-
-
withholding
846
3 053
-
-
total
846
3 053
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 747
10 203
12 459
11 871
After tax
15 753
17 297
15 041
15 629
Living cost
10 956
10 956
10 956
10 956
Free-cash
4 797
6 341
4 085
4 673

Estimated living cost  is ₴10956 per week

₴6699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1735
-₴1806
-₴7562
-₴4496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
1 656
income
-
-
-
5 169
total
-
-
-
6 825
Employee
31 103
-
24 568
-
pensions
2 640
-
1 856
-
income
5 602
-
4 480
-
health
452
-
318
-
total
8 694
-
6 654
-
Employer
31 103
-
24 568
-
pensions
3 367
-
2 465
-
health
591
-
467
-
total
3 958
-
2 932
-
Corporate
-
27 500
-
-
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.

-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
1 671
-
-
total
-
1 671
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 652
6 896
9 586
6 825
After tax
14 848
20 604
17 914
20 675
Living cost
22 410
22 410
22 410
22 410
Free-cash
-7 562
-1 806
-4 496
-1 735

Estimated living cost  is ₴22410 per week

₴16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
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.
₴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

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
-₴16225
-₴27021
-₴23252
-₴17660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
regional
-
-
-
557
city
-
-
-
289
pensions
-
-
-
2 530
health
-
-
-
129
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.

-
-
-
550
national
-
-
-
73
total
-
-
-
4 128
Employee
46 339
-
24 598
-
regional
1 517
-
472
-
national
219
-
57
-
pensions
3 893
-
2 084
-
unemployment
-
-
-
-
city
497
-
264
-
health
105
-
55
-
total
6 231
-
2 932
-
Employer
46 339
-
24 598
-
pensions
3 893
-
2 084
-
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.

926
-
492
-
unemployment
-
-
-
-
health
105
-
55
-
total
4 924
-
2 631
-
Corporate
-
27 500
-
-
regional
-
5 816
-
-
national
-
2 337
-
-
total
-
8 153
-
-
Dividends
-
19 347
-
-
withholding
-
6 771
-
-
total
-
6 771
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 155
14 924
5 563
4 128
After tax
16 345
12 576
21 937
23 372
Living cost
39 597
39 597
39 597
39 597
Free-cash
-23 252
-27 021
-17 660
-16 225

Estimated living cost  is ₴39597 per week

₴25750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2371
-₴9059
-₴2339
-₴1613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
trade
-
-
-
758
health

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

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

-
-
-
3 392
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.

-
-
-
155
income

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

-
-
-
2 821
total
-
-
-
7 126
Employee

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

29 839
-
27 500
-
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.

193
-
155
-
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.

3 509
-
2 821
-
health

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

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

3 392
-
3 392
-
total
7 094
-
6 368
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
27 500
-
-
trade
-
4 716
-
-
income
-
4 125
-
-
chamber of commerce
-
114
-
-
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.

-
227
-
-
total
-
9 182
-
-
Dividends
-
18 318
-
-
withholding
-
4 391
-
-
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.

-
241
-
-
total
-
4 632
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 094
13 814
6 368
7 126
After tax
20 406
13 686
21 132
20 374
Living cost
22 745
22 745
22 745
22 745
Free-cash
-2 339
-9 059
-1 613
-2 371

Estimated living cost  is ₴22745 per week

₴16612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1819
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴484
-₴3127
-₴386
-₴217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
7 943
health
-
-
-
238
surtax
-
-
-
-
other
-
-
-
853
social contributions
-
-
-
783
income
-
-
-
1 180
total
-
-
-
10 997
Employee
21 250
-
20 954
-
social contributions
606
-
596
-
surtax
-
-
-
-
pensions
2 403
-
2 371
-
income
1 254
-
1 218
-
total
4 263
-
4 185
-
Employer
21 250
-
20 954
-
pensions
3 491
-
3 443
-
social contributions
64
-
63
-
other
733
-
723
-
unemployment
860
-
849
-
health
1 488
-
1 467
-
total
6 636
-
6 545
-
Corporate
-
27 500
-
-
income
-
7 700
-
-
surtax
-
-
-
-
total
-
7 700
-
-
Dividends
-
19 800
-
-
withholding
-
2 535
-
-
surtax
-
-
-
-
social contributions
-
3 405
-
-
total
-
5 940
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 899
13 640
10 730
10 997
After tax
16 601
13 860
16 770
16 503
Living cost
16 987
16 987
16 987
16 987
Free-cash
-386
-3 127
-217
-484

Estimated living cost  is ₴16987 per week

₴10711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1199
-₴1444
₴1315
₴1466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
7 943
health
-
-
-
238
surtax
-
-
-
-
other
-
-
-
853
social contributions
-
-
-
783
income
-
-
-
1 180
total
-
-
-
10 997
Employee
18 968
-
20 954
-
social contributions
541
-
596
-
surtax
-
-
-
-
pensions
2 145
-
2 371
-
income
978
-
1 218
-
total
3 664
-
4 185
-
Employer
18 968
-
20 954
-
pensions
3 117
-
3 443
-
social contributions
57
-
63
-
other
655
-
723
-
unemployment
768
-
849
-
health
1 328
-
1 467
-
total
5 925
-
6 545
-
Corporate
2 608
27 500
-
-
income
730
7 700
-
-
surtax
-
-
-
-
total
730
7 700
-
-
Dividends
1 878
19 800
-
-
withholding
240
2 535
-
-
surtax
-
-
-
-
social contributions
322
3 405
-
-
total
562
5 940
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 881
13 640
10 730
10 997
After tax
16 619
13 860
16 770
16 503
Living cost
15 304
15 304
15 304
15 304
Free-cash
1 315
-1 444
1 466
1 199

Estimated living cost  is ₴15304 per week

₴8876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1555
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7133
₴6250
₴6506
₴5997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
health
-
-
-
1 919
social contributions
-
-
-
3 795
income
-
-
-
4 125
total
-
-
-
9 839
Employee
16 835
-
27 500
-
social contributions
2 324
-
3 795
-
income
2 808
-
5 261
-
health
1 175
-
1 919
-
total
6 307
-
10 975
-
Employer
16 835
-
27 500
-
total
-
-
-
-
Corporate
10 665
27 500
-
-
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%.

533
1 375
-
-
total
533
1 375
-
-
Dividends
10 132
26 125
-
-
withholding
1 520
3 919
-
-
social contributions
1 398
3 605
-
-
health
708
1 823
-
-
total
3 626
9 347
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 466
10 722
10 975
9 839
After tax
17 034
16 778
16 525
17 661
Living cost
10 528
10 528
10 528
10 528
Free-cash
6 506
6 250
5 997
7 133

Estimated living cost  is ₴10528 per week

₴7046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴649
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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2194
-₴1708
-₴5022
-₴6729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
5 087
health
-
-
-
2 104
surtax
-
-
-
98
unemployment
-
-
-
3 045
income
-
-
-
1 755
chamber of commerce
-
-
-
110
total
-
-
-
12 199
Employee
24 813
19 787
21 277
-
pensions
2 541
2 026
2 178
-
other
248
198
213
-
unemployment
744
594
638
-
income
2 825
1 459
1 811
-
health
960
766
823
-
total
7 318
5 043
5 663
-
Employer
24 813
19 787
21 277
-
payroll
744
594
638
-
chamber of commerce
99
79
85
-
pensions
3 114
2 484
2 670
-
surtax
98
98
98
-
other
1 179
939
1 011
-
unemployment
744
594
638
-
accident
322
257
277
-
health
938
748
805
-
total
7 238
5 793
6 222
-
Corporate
1 884
1 921
19 394
-
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.

471
481
4 849
-
total
471
481
4 849
-
Dividends
-
1 440
-
-
withholding
-
396
-
-
total
-
396
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 027
11 713
16 734
12 199
After tax
12 473
15 787
10 766
15 301
Living cost
17 495
17 495
17 495
17 495
Free-cash
-5 022
-1 708
-6 729
-2 194

Estimated living cost  is ₴17495 per week

₴11668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3169
-₴2599
-₴18354
-₴6233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
social contributions
-
-
-
3 094
communal

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

-
-
-
1 464
national
-
-
-
8 008
total
-
-
-
12 566
Employee

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

35 516
-
21 299
-
national
10 919
-
5 534
-
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.

2 664
-
1 597
-
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.

309
-
186
-
communal

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

1 852
-
1 111
-
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.

1 669
-
1 001
-
total
17 413
-
9 429
-
Employer

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

35 516
-
21 299
-
pensions

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

3 147
-
1 887
-
surtax
4 027
-
2 416
-
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.

518
-
311
-
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.

462
-
277
-
health

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

2 184
-
1 310
-
total
10 338
-
6 201
-
Corporate
-
27 500
-
-
income
-
5 500
-
-
surtax
-
110
-
-
total
-
5 610
-
-
Dividends
-
21 890
-
-
withholding

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

-
6 386
-
-
total
-
6 386
-
-
Income
27 500
27 500
27 500
27 500
Total tax
27 751
11 996
15 630
12 566
After tax
-251
15 504
11 870
14 934
Living cost
18 103
18 103
18 103
18 103
Free-cash
-18 354
-2 599
-6 233
-3 169

Estimated living cost  is ₴18103 per week

₴11661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
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.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2727
₴648
-₴5093
-₴2533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
7 783
other
-
-
-
27
unemployment
-
-
-
192
accident
-
-
-
248
income
-
-
-
4 046
total
-
-
-
12 296
Employee
24 715
-
20 853
-
pensions
1 162
-
980
-
other
24
-
21
-
unemployment
383
-
323
-
income
5 215
-
4 130
-
total
6 784
-
5 454
-
Employer
24 715
-
20 853
-
pensions
5 832
-
4 921
-
other
197
-
167
-
unemployment
1 360
-
1 147
-
accident
489
-
413
-
total
7 878
-
6 648
-
Corporate
-
27 500
-
-
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.

-
4 125
-
-
total
-
4 125
-
-
Dividends
-
23 375
-
-
withholding
-
4 796
-
-
total
-
4 796
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 662
8 921
12 102
12 296
After tax
12 838
18 579
15 398
15 204
Living cost
17 931
17 931
17 931
17 931
Free-cash
-5 093
648
-2 533
-2 727

Estimated living cost  is ₴17931 per week

₴13204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
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.
₴3196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8721
-₴9679
-₴14593
-₴8158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
4 400
health
-
-
-
2 063
surtax
-
-
-
1 456
accident
-
-
-
248
communal
-
-
-
-
income
-
-
-
1 072
total
-
-
-
9 239
Employee
37 600
-
24 564
-
surtax
2 305
-
1 506
-
pensions
3 008
-
1 965
-
income
3 632
-
1 177
-
health
1 673
-
1 093
-
total
10 618
-
5 741
-
Employer
37 600
-
24 564
-
pensions
3 008
-
1 965
-
accident
338
-
221
-
health
1 147
-
749
-
total
4 493
-
2 935
-
Corporate
-
27 500
-
-
communal
-
1 856
-
-
income
-
4 125
-
-
surtax
-
288
-
-
total
-
6 269
-
-
Dividends
-
21 230
-
-
withholding
-
3 185
-
-
income
-
743
-
-
total
-
3 928
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 111
10 197
8 676
9 239
After tax
12 389
17 303
18 824
18 261
Living cost
26 982
26 982
26 982
26 982
Free-cash
-14 593
-9 679
-8 158
-8 721

Estimated living cost  is ₴26982 per week

₴20241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
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.
₴4820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4477
₴6145
₴4567
₴3889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
5 500
health
-
-
-
1 953
surtax
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
4 085
total
-
-
-
11 871
Employee
16 721
-
22 718
-
surtax
59
-
176
-
pensions
1 116
-
1 515
-
other
-
-
-
-
unemployment
1 164
-
1 581
-
income
2 803
-
3 826
-
health
427
-
579
-
total
5 569
-
7 677
-
Employer
16 721
-
22 718
-
pensions
2 229
-
3 028
-
other
-
-
-
-
unemployment
530
-
720
-
health
760
-
1 034
-
total
3 519
-
4 782
-
Corporate
7 259
27 500
-
-
income
1 887
7 150
-
-
total
1 887
7 150
-
-
Dividends
5 372
20 350
-
-
withholding
806
3 053
-
-
total
806
3 053
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 781
10 203
12 459
11 871
After tax
15 719
17 297
15 041
15 629
Living cost
11 152
11 152
11 152
11 152
Free-cash
4 567
6 145
3 889
4 477

Estimated living cost  is ₴11152 per week

₴6733
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.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1525
₴1079
-₴42
-₴20
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
municipal
-
-
-
163
regional
-
-
-
415
social contributions
-
-
-
7 073
national
-
-
-
4 949
total
-
-
-
12 600
Employee
27 542
-
27 500
-
social contributions
9 287
-
9 273
-
municipal
146
-
146
-
regional
371
-
370
-
national
4 363
-
4 356
-
total
14 167
-
14 145
-
Employer
27 542
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
nationa
-
6 600
-
-
municipal
-
1 367
-
-
total
-
7 967
-
-
Dividends
-
19 533
-
-
withholding
-
5 079
-
-
total
-
5 079
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 167
13 046
14 145
12 600
After tax
13 333
14 454
13 355
14 900
Living cost
13 375
13 375
13 375
13 375
Free-cash
-42
1 079
-20
1 525

Estimated living cost  is ₴13375 per week

₴8318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1810
₴3730
-₴2460
-₴1250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
health
-
-
-
3 712
social contributions
-
-
-
8 030
solidarity contribution
-
-
-
-
income
-
-
-
2 364
total
-
-
-
14 106
Employee
22 359
-
20 522
-
social contributions
1 453
-
1 334
-
income
2 683
-
2 463
-
solidarity contribution
-
-
-
-
health
3 018
-
2 771
-
total
7 154
-
6 568
-
Employer
22 359
-
20 522
-
social contributions
5 590
-
5 131
-
health
2 012
-
1 847
-
total
7 602
-
6 978
-
Corporate
-
27 500
-
-
income
-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
3 341
-
-
total
-
3 341
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 756
8 566
13 546
14 106
After tax
12 744
18 934
13 954
13 394
Living cost
15 204
15 204
15 204
15 204
Free-cash
-2 460
3 730
-1 250
-1 810

Estimated living cost  is ₴15204 per week

₴11307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴441
₴1
-₴922
-₴5057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
5 087
health
-
-
-
2 104
surtax
-
-
-
-
unemployment
-
-
-
3 045
income
-
-
-
1 755
chamber of commerce
-
-
-
110
total
-
-
-
12 101
Employee
21 704
19 787
21 353
-
pensions
2 223
2 026
2 187
-
other
217
198
214
-
unemployment
651
594
641
-
income
1 933
1 459
1 833
-
health
840
766
826
-
total
5 864
5 043
5 701
-
Employer
21 704
19 787
21 353
-
payroll
651
594
641
-
chamber of commerce
87
79
86
-
pensions
2 724
2 484
2 680
-
surtax
-
-
-
-
other
1 031
939
1 015
-
unemployment
651
594
641
-
accident
282
257
278
-
health
821
748
807
-
total
6 247
5 695
6 148
-
Corporate
1 884
2 019
19 469
-
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.

471
505
4 868
-
total
471
505
4 868
-
Dividends
-
1 514
-
-
withholding
-
416
-
-
total
-
416
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 582
11 659
16 717
12 101
After tax
14 918
15 841
10 783
15 399
Living cost
15 840
15 840
15 840
15 840
Free-cash
-922
1
-5 057
-441

Estimated living cost  is ₴15840 per week

₴9502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4438
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20903
₴19803
₴18617
₴15678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
27 500
microenterprise

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

-
-
-
275
total
-
-
-
275
Employee
7 903
-
27 500
-
income
1 581
-
5 500
-
total
1 581
-
5 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

19 597
27 500
-
-
total
-
-
-
-
Dividends
19 597
27 500
-
-
withholding
980
1 375
-
-
total
980
1 375
-
-
Income
27 500
27 500
27 500
27 500
Total tax
2 561
1 375
5 500
275
After tax
24 939
26 125
22 000
27 225
Living cost
6 322
6 322
6 322
6 322
Free-cash
18 617
19 803
15 678
20 903

Estimated living cost  is ₴6322 per week

₴4278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
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.
₴1566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1882
₴5617
₴1465
₴1047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
pensions
-
-
-
5 022
health
-
-
-
2 706
unemployment
-
-
-
41
income
-
-
-
4 532
total
-
-
-
12 301
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.

21 956
-
23 795
-
pensions
3 403
-
3 688
-
unemployment
31
-
33
-
income
3 786
-
4 173
-
health
1 418
-
1 537
-
total
8 638
-
9 431
-
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.

21 956
-
23 795
-
pensions
1 943
-
2 106
-
unemployment
13
-
14
-
health
1 462
-
1 585
-
total
3 418
-
3 705
-
Corporate
2 126
27 500
-
-
income
404
5 225
-
-
total
404
5 225
-
-
Dividends
1 722
22 275
-
-
withholding
258
3 341
-
-
total
258
3 341
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 718
8 566
13 136
12 301
After tax
14 782
18 934
14 364
15 199
Living cost
13 317
13 317
13 317
13 317
Free-cash
1 465
5 617
1 047
1 882

Estimated living cost  is ₴13317 per week

₴9140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴854
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.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2658
-₴4932
-₴47358
-₴768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
social contributions
-
-
-
3 135
income
-
-
-
5 360
total
-
-
-
8 495
Employee
31 061
-
-
-
social contributions
2 547
-
363
-
income
6 852
-
-
-
total
9 399
-
363
-
Employer
31 061
-
-
-
social contributions
43 796
-
6 242
-
total
43 796
-
6 242
-
Corporate
-
27 500
-
-
income
-
6 050
-
-
total
-
6 050
-
-
Dividends
-
21 450
-
-
income
-
4 719
-
-
total
-
4 719
-
-
Income
27 500
27 500
27 500
27 500
Total tax
53 195
10 769
6 605
8 495
After tax
-25 695
16 731
20 895
19 005
Living cost
21 663
21 663
21 663
21 663
Free-cash
-47 358
-4 932
-768
-2 658

Estimated living cost  is ₴21663 per week

₴14056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5294
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴337
₴68
-₴759
-₴354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
surtax
-
-
-
-
social contributions

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

-
-
-
9 556
income
-
-
-
2 033
total
-
-
-
11 589
Employee
22 836
-
22 222
-
social contributions
2 512
-
2 444
-
surtax
-
-
-
-
income
4 750
-
4 559
-
total
7 262
-
7 003
-
Employer
22 836
-
22 222
-
social contributions
5 423
-
5 277
-
total
5 423
-
5 277
-
Corporate
-
27 500
-
-
income
-
5 775
-
-
surtax
-
-
-
-
total
-
5 775
-
-
Dividends
-
21 725
-
-
withholding
-
6 083
-
-
total
-
6 083
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 685
11 858
12 280
11 589
After tax
14 815
15 642
15 220
15 911
Living cost
15 574
15 574
15 574
15 574
Free-cash
-759
68
-354
337

Estimated living cost  is ₴15574 per week

₴11652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7478
-₴10121
-₴13310
-₴7211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
7 943
health
-
-
-
238
surtax
-
-
-
-
other
-
-
-
853
social contributions
-
-
-
783
income
-
-
-
1 180
total
-
-
-
10 997
Employee
31 097
-
20 954
-
social contributions
886
-
596
-
surtax
-
-
-
-
pensions
3 517
-
2 371
-
income
2 713
-
1 218
-
total
7 116
-
4 185
-
Employer
31 097
-
20 954
-
pensions
5 110
-
3 443
-
social contributions
93
-
63
-
other
1 073
-
723
-
unemployment
1 260
-
849
-
health
2 177
-
1 467
-
total
9 713
-
6 545
-
Corporate
-
27 500
-
-
income
-
7 700
-
-
surtax
-
-
-
-
total
-
7 700
-
-
Dividends
-
19 800
-
-
withholding
-
2 535
-
-
surtax
-
-
-
-
social contributions
-
3 405
-
-
total
-
5 940
-
-
Income
27 500
27 500
27 500
27 500
Total tax
16 829
13 640
10 730
10 997
After tax
10 671
13 860
16 770
16 503
Living cost
23 981
23 981
23 981
23 981
Free-cash
-13 310
-10 121
-7 211
-7 478

Estimated living cost  is ₴23981 per week

₴16230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1962
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6525
₴9825
₴8158
₴7337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
social contributions
-
-
-
6 050
income
-
-
-
-
total
-
-
-
6 050
Employee
15 962
-
23 809
-
social contributions
1 037
-
1 547
-
income
-
-
-
-
total
1 037
-
1 547
-
Employer
15 962
-
23 809
-
social contributions
2 474
-
3 691
-
total
2 474
-
3 691
-
Corporate
9 063
27 500
-
-
income
906
2 750
-
-
total
906
2 750
-
-
Dividends
8 157
24 750
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
4 417
2 750
5 238
6 050
After tax
23 083
24 750
22 262
21 450
Living cost
14 925
14 925
14 925
14 925
Free-cash
8 158
9 825
7 337
6 525

Estimated living cost  is ₴14925 per week

₴9650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5972
-₴80554
-₴80554
-₴80554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
municipal
-
-
-
4 411
pensions
-
-
-
430
labour market
-
-
-
2 166
national
-
-
-
2 580
total
-
-
-
9 587
Employee
100 812
100 812
100 812
-
municipal
21 467
21 467
21 467
-
national
12 316
12 316
12 316
-
pensions
143
143
143
-
labour market
8 053
8 053
8 053
-
total
41 979
41 979
41 979
-
Employer
100 812
100 812
100 812
-
labour market
8 065
8 065
8 065
-
pensions
287
287
287
-
municipal
21 501
21 501
21 501
-
national
12 337
12 337
12 337
-
total
42 190
42 190
42 190
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
84 169
84 169
84 169
9 587
After tax
-56 669
-56 669
-56 669
17 913
Living cost
23 885
23 885
23 885
23 885
Free-cash
-80 554
-80 554
-80 554
-5 972

Estimated living cost  is ₴23885 per week

₴16347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8075
-₴8719
₴547
₴3577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
4 962
total
-
-
-
8 479
Employee
17 218
-
22 844
-
pensions
1 939
-
2 572
-
income
2 362
-
3 134
-
health
1 972
-
2 616
-
total
6 273
-
8 322
-
Employer
17 218
-
22 844
-
pensions
2 800
-
3 714
-
unemployment
422
-
560
-
accident
288
-
381
-
total
3 510
-
4 655
-
Corporate
6 772
27 500
-
-
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.

6 095
24 750
-
-
total
6 095
24 750
-
-
Dividends
677
2 750
-
-
withholding
129
523
-
-
total
129
523
-
-
Income
27 500
27 500
27 500
27 500
Total tax
16 007
25 273
12 977
8 479
After tax
11 493
2 227
14 523
19 021
Living cost
10 946
10 946
10 946
10 946
Free-cash
547
-8 719
3 577
8 075

Estimated living cost  is ₴10946 per week

₴7967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2397
-₴32
-₴3552
-₴2048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
27 500
municipal
-
-
-
4 911
health
-
-
-
217
national
-
-
-
913
total
-
-
-
6 041
Employee
26 122
-
23 134
-
municipal
4 279
-
3 793
-
national
432
-
269
-
pensions
1 763
-
1 561
-
unemployment
392
-
347
-
health
195
-
149
-
total
7 061
-
6 119
-
Employer
26 122
-
23 134
-
pensions
4 532
-
4 014
-
unemployment
170
-
151
-
accident
26
-
24
-
health
201
-
178
-
total
4 929
-
4 367
-
Corporate
-
27 500
-
-
income
-
5 500
-
-
total
-
5 500
-
-
Dividends

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

-
16 500
-
-
municipal
-
2 970
-
-
national
-
-
-
-
total
-
2 970
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 990
8 470
10 486
6 041
After tax
15 510
19 030
17 014
21 459
Living cost
19 062
19 062
19 062
19 062
Free-cash
-3 552
-32
-2 048
2 397

Estimated living cost  is ₴19062 per week

₴12451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴10186
₴4776
₴6060
₴7044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
health
-
-
-
701
social contributions
-
-
-
4 290
income
-
-
-
827
total
-
-
-
5 818
Employee
38 179
38 179
38 179
-
social contributions
1 443
3 169
2 072
-
income
4 157
3 534
3 930
-
health
296
649
424
-
total
5 896
7 352
6 426
-
Employer
38 179
38 179
38 179
-
social contributions
1 443
3 169
2 072
-
health
321
707
462
-
total
1 764
3 876
2 534
-
Corporate
8 343
-
-
-
income
1 043
-
-
-
total
1 043
-
-
-
Dividends
7 300
-
-
-
withholding
1 241
-
-
-
total
1 241
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 944
11 228
8 960
5 818
After tax
17 556
16 272
18 540
21 682
Living cost
11 496
11 496
11 496
11 496
Free-cash
6 060
4 776
7 044
10 186

Estimated living cost  is ₴11496 per week

₴6890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12345
₴14890
₴12362
₴9158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 500
pensions
-
-
-
3 158
health
-
-
-
1 797
unemployment
-
-
-
14
income
-
-
-
2 303
total
-
-
-
7 272
Employee

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

11 397
-
24 932
-
pensions
1 709
-
3 740
-
unemployment
57
-
124
-
income
779
-
1 909
-
health
969
-
2 119
-
total
3 514
-
7 892
-
Employer

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

11 397
-
24 932
-
pensions
627
-
1 371
-
unemployment
57
-
124
-
health
490
-
1 072
-
total
1 174
-
2 567
-
Corporate
14 930
27 500
-
-
income
1 344
2 475
-
-
total
1 344
2 475
-
-
Dividends
13 587
25 025
-
-
withholding
1 223
2 252
-
-
total
1 223
2 252
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 255
4 727
10 459
7 272
After tax
20 245
22 773
17 041
20 228
Living cost
7 883
7 883
7 883
7 883
Free-cash
12 362
14 890
9 158
12 345

Estimated living cost  is ₴7883 per week

₴5030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴568
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1551
₴4926
₴2265
₴1745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
7 783
other
-
-
-
27
unemployment
-
-
-
192
accident
-
-
-
248
income
-
-
-
4 046
total
-
-
-
12 296
Employee
18 359
-
20 853
-
pensions
863
-
980
-
other
18
-
21
-
unemployment
285
-
323
-
income
3 539
-
4 130
-
total
4 705
-
5 454
-
Employer
18 359
-
20 853
-
pensions
4 332
-
4 921
-
other
147
-
167
-
unemployment
1 010
-
1 147
-
accident
364
-
413
-
total
5 853
-
6 648
-
Corporate
3 288
27 500
-
-
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.

493
4 125
-
-
total
493
4 125
-
-
Dividends
2 795
23 375
-
-
withholding
531
4 796
-
-
total
531
4 796
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 582
8 921
12 102
12 296
After tax
15 918
18 579
15 398
15 204
Living cost
13 653
13 653
13 653
13 653
Free-cash
2 265
4 926
1 745
1 551

Estimated living cost  is ₴13653 per week

₴9216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16341
₴16193
₴16034
₴16272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
705
health
-
-
-
511
income
-
-
-
8 976
total
-
-
-
10 192
Employee
1 473
-
26 706
-
pensions
133
-
317
-
unemployment
15
-
35
-
income
285
-
8 939
-
health
74
-
176
-
total
507
-
9 467
-
Employer
1 473
-
26 706
-
pensions
162
-
388
-
unemployment
29
-
71
-
health
140
-
335
-
total
331
-
794
-
Corporate
25 695
27 500
-
-
income
5 653
6 050
-
-
total
5 653
6 050
-
-
Dividends
20 042
21 450
-
-
withholding
4 008
4 290
-
-
total
4 008
4 290
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 499
10 340
10 261
10 192
After tax
17 001
17 160
17 239
17 308
Living cost
967
967
967
967
Free-cash
16 034
16 193
16 272
16 341

Estimated living cost  is ₴967 per week

₴575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5054
₴11288
₴8846
₴6240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
pensions
-
-
-
7 150
health
-
-
-
2 833
unemployment
-
-
-
413
income
-
-
-
3 469
total
-
-
-
13 865
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.

12 940
-
23 325
-
pensions
1 812
-
3 265
-
unemployment
97
-
175
-
income
1 784
-
3 863
-
health
666
-
1 201
-
total
4 359
-
8 504
-
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.

12 940
-
23 325
-
pensions
1 553
-
2 799
-
unemployment
97
-
175
-
health
666
-
1 201
-
total
2 316
-
4 175
-
Corporate
12 244
27 500
-
-
income
1 837
4 125
-
-
total
1 837
4 125
-
-
Dividends
10 407
23 375
-
-
withholding
1 561
3 506
-
-
total
1 561
3 506
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 073
7 631
12 679
13 865
After tax
17 427
19 869
14 821
13 635
Living cost
8 581
8 581
8 581
8 581
Free-cash
8 846
11 288
6 240
5 054

Estimated living cost  is ₴8581 per week

₴5778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
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.
₴1891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2525
₴2256
₴2078
₴1834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
surtax
-
-
-
-
social contributions

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

-
-
-
9 556
income
-
-
-
2 033
total
-
-
-
11 589
Employee
19 271
-
22 222
-
social contributions
2 120
-
2 444
-
surtax
-
-
-
-
income
3 765
-
4 559
-
total
5 885
-
7 003
-
Employer
19 271
-
22 222
-
social contributions
4 576
-
5 277
-
total
4 576
-
5 277
-
Corporate
3 653
27 500
-
-
income
767
5 775
-
-
surtax
-
-
-
-
total
767
5 775
-
-
Dividends
2 886
21 725
-
-
withholding
808
6 083
-
-
total
808
6 083
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 036
11 858
12 280
11 589
After tax
15 464
15 642
15 220
15 911
Living cost
13 386
13 386
13 386
13 386
Free-cash
2 078
2 256
1 834
2 525

Estimated living cost  is ₴13386 per week

₴9481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2246
₴1129
-₴4125
-₴2052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
7 783
other
-
-
-
27
unemployment
-
-
-
192
accident
-
-
-
248
income
-
-
-
4 046
total
-
-
-
12 296
Employee
23 979
-
20 853
-
pensions
1 127
-
980
-
other
24
-
21
-
unemployment
371
-
323
-
income
5 008
-
4 130
-
total
6 530
-
5 454
-
Employer
23 979
-
20 853
-
pensions
5 659
-
4 921
-
other
192
-
167
-
unemployment
1 319
-
1 147
-
accident
475
-
413
-
total
7 645
-
6 648
-
Corporate
-
27 500
-
-
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.

-
4 125
-
-
total
-
4 125
-
-
Dividends
-
23 375
-
-
withholding
-
4 796
-
-
total
-
4 796
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 175
8 921
12 102
12 296
After tax
13 325
18 579
15 398
15 204
Living cost
17 450
17 450
17 450
17 450
Free-cash
-4 125
1 129
-2 052
-2 246

Estimated living cost  is ₴17450 per week

₴12532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
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.
₴3316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10198
₴14968
₴11940
₴10628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions

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

-
-
-
2 568
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
4 125
total
-
-
-
8 757
Employee
11 315
-
24 096
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
pensions

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

993
-
1 524
-
income
1 132
-
2 410
-
health
521
-
798
-
total
2 770
-
4 923
-
Employer
11 315
-
24 096
-
pensions

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

1 247
-
1 912
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
health
781
-
1 197
-
total
2 220
-
3 404
-
Corporate
13 964
27 500
-
-
income
1 396
2 750
-
-
total
1 396
2 750
-
-
Dividends
12 568
24 750
-
-
withholding
629
1 237
-
-
total
629
1 237
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 015
3 987
8 327
8 757
After tax
20 485
23 513
19 173
18 743
Living cost
8 545
8 545
8 545
8 545
Free-cash
11 940
14 968
10 628
10 198

Estimated living cost  is ₴8545 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
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.
₴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 Sofia model

Close
Berlin , Germany
₴1330
-₴4919
₴1579
₴1963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
trade
-
-
-
633
health

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

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

-
-
-
3 392
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.

-
-
-
155
income

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

-
-
-
2 821
total
-
-
-
7 001
Employee

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

24 704
-
27 500
-
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.

112
-
155
-
income

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

2 031
-
2 821
-
health

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

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

3 392
-
3 392
-
total
5 535
-
6 368
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 796
27 500
-
-
trade
401
3 946
-
-
income
419
4 125
-
-
chamber of commerce
79
116
-
-
surtax

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

23
227
-
-
total
922
8 414
-
-
Dividends
1 873
19 086
-
-
withholding
280
4 583
-
-
surtax

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

15
253
-
-
total
295
4 836
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 752
13 250
6 368
7 001
After tax
20 748
14 250
21 132
20 499
Living cost
19 169
19 169
19 169
19 169
Free-cash
1 579
-4 919
1 963
1 330

Estimated living cost  is ₴19169 per week

₴13223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6706
-₴9033
-₴11339
-₴6706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
social contributions
-
-
-
1 978
income
-
-
-
3 945
total
-
-
-
5 923
Employee
38 838
-
27 500
-
social contributions
3 227
-
1 978
-
income
7 329
-
3 945
-
total
10 556
-
5 923
-
Employer
38 838
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
income
-
3 437
-
-
total
-
3 437
-
-
Dividends
-
24 063
-
-
withholding
-
4 813
-
-
total
-
4 813
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 556
8 250
5 923
5 923
After tax
16 944
19 250
21 577
21 577
Living cost
28 283
28 283
28 283
28 283
Free-cash
-11 339
-9 033
-6 706
-6 706

Estimated living cost  is ₴28283 per week

₴21517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴7701
-₴2771
₴105
₴1828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
27 500
health

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

-
-
-
3 045
income
-
-
-
14 133
total
-
-
-
17 178
Employee
22 777
-
25 216
-
social contributions
2 282
-
2 284
-
income
2 471
-
3 081
-
total
4 753
-
5 365
-
Employer
22 777
-
25 216
-
social contributions
2 282
-
2 284
-
total
2 282
-
2 284
-
Corporate
2 441
27 500
-
-
income
855
9 625
-
-
total
855
9 625
-
-
Dividends
1 586
17 875
-
-
social contributions
1 482
2 623
-
-
total
1 482
2 623
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 372
12 248
7 649
17 178
After tax
18 128
15 252
19 851
10 322
Living cost
18 023
18 023
18 023
18 023
Free-cash
105
-2 771
1 828
-7 701

Estimated living cost  is ₴18023 per week

₴11872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2457
₴2386
-₴509
-₴304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
1 656
income
-
-
-
5 169
total
-
-
-
6 825
Employee
25 007
-
24 568
-
pensions
1 909
-
1 856
-
income
4 554
-
4 480
-
health
326
-
318
-
total
6 789
-
6 654
-
Employer
25 007
-
24 568
-
pensions
2 527
-
2 465
-
health
475
-
467
-
total
3 002
-
2 932
-
Corporate
-
27 500
-
-
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.

-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
1 671
-
-
total
-
1 671
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 791
6 896
9 586
6 825
After tax
17 709
20 604
17 914
20 675
Living cost
18 218
18 218
18 218
18 218
Free-cash
-509
2 386
-304
2 457

Estimated living cost  is ₴18218 per week

₴12498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6992
-₴9802
₴381
₴2494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
4 962
total
-
-
-
8 479
Employee
18 923
-
22 844
-
pensions
2 131
-
2 572
-
income
2 596
-
3 134
-
health
2 167
-
2 616
-
total
6 894
-
8 322
-
Employer
18 923
-
22 844
-
pensions
3 077
-
3 714
-
unemployment
464
-
560
-
accident
316
-
381
-
total
3 857
-
4 655
-
Corporate
4 721
27 500
-
-
income

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

4 249
24 750
-
-
total
4 249
24 750
-
-
Dividends
472
2 750
-
-
withholding
90
523
-
-
total
90
523
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 090
25 273
12 977
8 479
After tax
12 410
2 227
14 523
19 021
Living cost
12 029
12 029
12 029
12 029
Free-cash
381
-9 802
2 494
6 992

Estimated living cost  is ₴12029 per week

₴8828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9608
₴16675
₴14263
₴9608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 500
pensions
-
-
-
5 060
health insurance
-
-
-
2 035
work injury
-
-
-
138
unemployment
-
-
-
330
income
-
-
-
3 629
total
-
-
-
11 192
Employee

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

10 720
-
27 500
-
pensions
1 972
-
5 060
-
health insurance
793
-
2 035
-
unemployment
129
-
330
-
income
1 072
-
3 629
-
work injury
54
-
138
-
total
4 020
-
11 192
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 780
27 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
16 780
27 500
-
-
withholding
2 517
4 125
-
-
total
2 517
4 125
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 537
4 125
11 192
11 192
After tax
20 963
23 375
16 308
16 308
Living cost
6 700
6 700
6 700
6 700
Free-cash
14 263
16 675
9 608
9 608

Estimated living cost  is ₴6700 per week

₴4151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
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.
₴1853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₴4902
-₴5295
-₴14340
-₴6430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
municipal
-
-
-
184
regional
-
-
-
416
social contributions
-
-
-
7 073
national
-
-
-
4 949
total
-
-
-
12 622
Employee
41 839
-
27 500
-
social contributions
14 108
-
9 273
-
municipal
250
-
164
-
regional
632
-
357
-
national
7 070
-
4 356
-
total
22 060
-
14 150
-
Employer
41 839
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
nationa
-
6 600
-
-
municipal
-
1 326
-
-
total
-
7 926
-
-
Dividends
-
19 574
-
-
withholding
-
5 089
-
-
total
-
5 089
-
-
Income
27 500
27 500
27 500
27 500
Total tax
22 060
13 015
14 150
12 622
After tax
5 440
14 485
13 350
14 878
Living cost
19 780
19 780
19 780
19 780
Free-cash
-14 340
-5 295
-6 430
-4 902

Estimated living cost  is ₴19780 per week

₴13894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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