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
₴5672
-₴1551
₴5093
₴4119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
2 658
surtax

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

-
-
-
146
trade
-
-
-
579
total
-
-
-
6 884
Employee

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

19 602
-
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.

30
-
146
-
income

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

548
-
2 658
-
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.

3 501
-
3 501
-
total
4 079
-
6 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 898
27 500
-
-
chamber of commerce
89
118
-
-
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.

65
227
-
-
trade
1 244
4 331
-
-
income
1 185
4 125
-
-
total
2 583
8 801
-
-
Dividends
5 315
18 700
-
-
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.

62
246
-
-
withholding
1 134
4 481
-
-
total
1 196
4 727
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 858
13 528
6 305
6 884
After tax
19 642
13 972
21 195
20 616
Living cost
15 523
15 523
15 523
15 523
Free-cash
4 119
-1 551
5 672
5 093

Estimated living cost  is ₴15523 per week

₴9764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
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.
₴3659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9463
-₴9946
-₴9678
-₴18333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
296
pensions
-
-
-
3 300
national
-
-
-
3 936
municipal
-
-
-
2 540
total
-
-
-
10 072
Employee
42 019
-
23 774
-
municipal
5 190
-
2 647
-
national
8 042
-
4 101
-
pensions
1 681
-
951
-
total
14 913
-
7 699
-
Employer
42 019
-
23 774
-
pensions
3 362
-
1 902
-
social contributions
452
-
256
-
total
3 814
-
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
18 727
10 340
9 857
10 072
After tax
8 773
17 160
17 643
17 428
Living cost
27 106
27 106
27 106
27 106
Free-cash
-18 333
-9 946
-9 463
-9 678

Estimated living cost  is ₴27106 per week

₴18424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5110
₴11338
₴11100
₴7133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 613
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
4 125
total
-
-
-
5 738
Employee
14 975
-
22 162
-
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.

1 648
-
2 438
-
income
2 666
-
3 952
-
total
4 314
-
6 390
-
Employer
14 975
-
22 162
-
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.

3 607
-
5 338
-
total
3 607
-
5 338
-
Corporate
8 917
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%.

1 784
5 500
-
-
total
1 784
5 500
-
-
Dividends

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

7 134
22 000
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 705
5 500
11 728
5 738
After tax
17 795
22 000
15 772
21 762
Living cost
10 662
10 662
10 662
10 662
Free-cash
7 133
11 338
5 110
11 100

Estimated living cost  is ₴10662 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
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.
₴2603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23392
-₴20516
-₴5727
-₴23392
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 222
income
-
-
-
2 587
pensions
-
-
-
4 949
total
-
-
-
11 758
Employee
43 765
43 765
43 765
-
income

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

7 164
7 164
7 164
-
pensions
7 878
6 005
7 878
-
health
6 717
5 714
6 717
-
total
21 759
18 883
21 759
-
Employer
43 765
43 765
43 765
-
unemployment
1 576
1 576
1 576
-
health
3 042
3 042
3 042
-
pensions
3 046
3 046
3 046
-
total
7 664
7 664
7 664
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
29 423
26 547
29 423
11 758
After tax
-1 923
953
-1 923
15 742
Living cost
21 469
21 469
21 469
21 469
Free-cash
-23 392
-20 516
-23 392
-5 727

Estimated living cost  is ₴21469 per week

₴15215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴6540
-₴6211
-₴7517
-₴12247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3 195
health
-
-
-
1 716
accident
-
-
-
55
pensions
-
-
-
2 973
national
-
-
-
-
unemployment
-
-
-
27
municipal
-
-
-
5 825
total
-
-
-
13 791
Employee
30 245
-
20 925
-
municipal
9 019
-
6 240
-
national
-
-
-
-
total
9 019
-
6 240
-
Employer
30 245
-
20 925
-
other
3 514
-
2 431
-
unemployment
798
-
552
-
health
1 860
-
1 287
-
accident
61
-
42
-
pensions
3 269
-
2 262
-
total
9 502
-
6 574
-
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
18 521
12 485
12 814
13 791
After tax
8 979
15 015
14 686
13 709
Living cost
21 226
21 226
21 226
21 226
Free-cash
-12 247
-6 211
-6 540
-7 517

Estimated living cost  is ₴21226 per week

₴14068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1062
-₴6302
₴458
₴899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
2 658
surtax

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

-
-
-
146
trade
-
-
-
604
total
-
-
-
6 909
Employee

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

25 990
-
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.

123
-
146
-
income

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

2 233
-
2 658
-
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.

3 501
-
3 501
-
total
5 857
-
6 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 510
27 500
-
-
chamber of commerce
80
117
-
-
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.

13
227
-
-
trade
248
4 523
-
-
income
227
4 125
-
-
total
568
8 992
-
-
Dividends
943
18 509
-
-
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.

2
244
-
-
withholding
41
4 433
-
-
total
43
4 677
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 468
13 669
6 305
6 909
After tax
21 032
13 831
21 195
20 591
Living cost
20 133
20 133
20 133
20 133
Free-cash
899
-6 302
1 062
458

Estimated living cost  is ₴20133 per week

₴13465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1764
-₴712
₴5177
₴1517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 290
health
-
-
-
701
income
-
-
-
709
total
-
-
-
5 700
Employee
39 408
39 408
39 408
-
social contributions
1 915
3 271
2 073
-
income
4 138
3 648
4 081
-
health
392
670
424
-
total
6 445
7 589
6 578
-
Employer
39 408
39 408
39 408
-
health
427
729
462
-
social contributions
1 915
3 271
2 073
-
total
2 342
4 000
2 535
-
Corporate
2 090
-
-
-
income
262
-
-
-
total
262
-
-
-
Dividends
1 829
-
-
-
withholding
311
-
-
-
total
311
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 360
11 589
9 113
5 700
After tax
18 140
15 911
18 387
21 800
Living cost
16 623
16 623
16 623
16 623
Free-cash
1 517
-712
1 764
5 177

Estimated living cost  is ₴16623 per week

₴11363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6487
₴6128
₴9594
₴6323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 925
income
-
-
-
3 362
pensions
-
-
-
2 750
unemployment
-
-
-
413
total
-
-
-
8 450
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.

13 650
5 433
23 013
-
income
1 669
664
2 813
-
pensions
1 365
543
2 301
-
health
956
380
1 611
-
unemployment
205
81
345
-
total
4 195
1 668
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.

13 650
5 433
23 013
-
pensions
2 662
1 059
4 487
-
total
2 662
1 059
4 487
-
Corporate
11 188
21 008
-
-
income
1 007
1 891
-
-
total
1 007
1 891
-
-
Dividends
10 181
19 117
-
-
social contributions
1 923
3 666
-
-
withholding
1 934
3 632
-
-
total
3 857
7 298
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 721
11 916
11 557
8 450
After tax
15 779
15 584
15 943
19 050
Living cost
9 456
9 456
9 456
9 456
Free-cash
6 323
6 128
6 487
9 594

Estimated living cost  is ₴9456 per week

₴6453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3994
₴9621
₴3037
₴6436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 575
income
-
-
-
3 009
pensions
-
-
-
5 500
total
-
-
-
12 084
Employee
14 539
-
20 554
-
income
1 637
-
3 441
-
pensions
291
-
411
-
unemployment
232
-
329
-
total
2 160
-
4 181
-
Employer
14 539
-
20 554
-
unemployment
117
-
164
-
health
1 890
-
2 672
-
pensions
2 908
-
4 110
-
total
4 915
-
6 946
-
Corporate
8 047
27 500
-
-
income
1 610
5 500
-
-
total
1 610
5 500
-
-
Dividends
6 437
22 000
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
8 685
5 500
11 127
12 084
After tax
18 815
22 000
16 373
15 416
Living cost
12 379
12 379
12 379
12 379
Free-cash
6 436
9 621
3 994
3 037

Estimated living cost  is ₴12379 per week

₴8490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3169
-₴9126
₴7674
₴487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
4 878
pensions
-
-
-
2 147
total
-
-
-
8 472
Employee
17 861
-
22 844
-
income
2 450
-
3 134
-
pensions
2 011
-
2 572
-
health
2 045
-
2 616
-
total
6 506
-
8 322
-
Employer
17 861
-
22 844
-
unemployment
438
-
560
-
accident
298
-
381
-
pensions
2 904
-
3 714
-
total
3 640
-
4 655
-
Corporate
5 999
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.

5 399
24 750
-
-
total
5 399
24 750
-
-
Dividends
600
2 750
-
-
withholding
114
522
-
-
total
114
522
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 659
25 272
12 977
8 472
After tax
11 841
2 228
14 523
19 028
Living cost
11 354
11 354
11 354
11 354
Free-cash
487
-9 126
3 169
7 674

Estimated living cost  is ₴11354 per week

₴8322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴629
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.
₴2167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17743
₴21868
₴22968
₴21070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 321
-
27 500
-
income
1 064
-
5 500
-
total
1 064
-
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%.

22 179
27 500
-
-
total
-
-
-
-
Dividends
22 179
27 500
-
-
withholding
1 109
1 375
-
-
total
1 109
1 375
-
-
Income
27 500
27 500
27 500
27 500
Total tax
2 173
1 375
5 500
275
After tax
25 327
26 125
22 000
27 225
Living cost
4 257
4 257
4 257
4 257
Free-cash
21 070
21 868
17 743
22 968

Estimated living cost  is ₴4257 per week

₴2638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2462
₴6548
₴1235
₴3086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1 306
health
-
-
-
1 210
income
-
-
-
3 492
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.

-
-
-
6 601
total
-
-
-
12 609
Employee
18 608
-
21 964
-
income
3 204
-
3 781
-
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.

1 302
-
1 538
-
health
261
-
307
-
unemployment
186
-
220
-
total
4 953
-
5 846
-
Employer
18 608
-
21 964
-
other
931
-
1 098
-
unemployment
186
-
220
-
health
261
-
307
-
accident
149
-
176
-
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.

3 164
-
3 735
-
total
4 691
-
5 536
-
Corporate
4 202
27 500
-
-
income
882
5 775
-
-
total
882
5 775
-
-
Dividends
3 320
21 725
-
-
withholding
232
1 521
-
-
total
232
1 521
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 758
7 296
11 382
12 609
After tax
16 742
20 204
16 118
14 891
Living cost
13 656
13 656
13 656
13 656
Free-cash
3 086
6 548
2 462
1 235

Estimated living cost  is ₴13656 per week

₴9649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16157
-₴13532
-₴13436
-₴27419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 176
pensions
-
-
-
1 623
total
-
-
-
6 799
Employee
48 299
-
24 600
-
income
8 706
-
4 494
-
health
796
-
310
-
pensions
4 660
-
1 815
-
total
14 162
-
6 619
-
Employer
48 299
-
24 600
-
health
917
-
468
-
pensions
5 703
-
2 433
-
total
6 620
-
2 901
-
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
-
1 670
-
-
total
-
1 670
-
-
Income
27 500
27 500
27 500
27 500
Total tax
20 782
6 895
9 520
6 799
After tax
6 718
20 605
17 980
20 701
Living cost
34 137
34 137
34 137
34 137
Free-cash
-27 419
-13 532
-16 157
-13 436

Estimated living cost  is ₴34137 per week

₴25580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4011
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.
₴4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12377
₴16847
₴11967
₴14485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 042
income
-
-
-
4 125
pensions

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

-
-
-
2 629
unemployment
-
-
-
71
total
-
-
-
8 867
Employee
8 827
-
24 016
-
income
883
-
2 402
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

775
-
1 559
-
health
406
-
817
-
total
2 161
-
4 973
-
Employer
8 827
-
24 016
-
unemployment
53
-
107
-
health
609
-
1 225
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

973
-
1 957
-
total
1 732
-
3 484
-
Corporate
16 941
27 500
-
-
income
1 694
2 750
-
-
total
1 694
2 750
-
-
Dividends
15 247
24 750
-
-
withholding
762
1 237
-
-
total
762
1 237
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 349
3 987
8 457
8 867
After tax
21 151
23 513
19 043
18 633
Living cost
6 666
6 666
6 666
6 666
Free-cash
14 485
16 847
12 377
11 967

Estimated living cost  is ₴6666 per week

₴3892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30342
-₴27466
-₴12677
-₴28336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 222
income
-
-
-
2 587
pensions
-
-
-
4 949
total
-
-
-
11 758
Employee
47 515
43 765
43 765
-
income

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

7 164
7 164
7 164
-
pensions
6 005
6 005
7 878
-
health
5 928
5 714
6 717
-
total
19 097
18 883
21 759
-
Employer
47 515
43 765
43 765
-
unemployment
1 711
1 576
1 576
-
health
3 302
3 042
3 042
-
pensions
3 307
3 046
3 046
-
total
8 320
7 664
7 664
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
27 417
26 547
29 423
11 758
After tax
83
953
-1 923
15 742
Living cost
28 419
28 419
28 419
28 419
Free-cash
-28 336
-27 466
-30 342
-12 677

Estimated living cost  is ₴28419 per week

₴20963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2538
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1315
₴6295
₴754
₴1786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 030
health
-
-
-
3 713
income
-
-
-
2 364
solidarity contribution
-
-
-
-
total
-
-
-
14 107
Employee
18 587
-
20 522
-
social contributions
1 208
-
1 334
-
solidarity contribution
-
-
-
-
income
2 230
-
2 463
-
health
2 509
-
2 771
-
total
5 947
-
6 568
-
Employer
18 587
-
20 522
-
health
1 673
-
1 847
-
social contributions
4 647
-
5 131
-
total
6 320
-
6 978
-
Corporate
2 594
27 500
-
-
income
493
5 225
-
-
total
493
5 225
-
-
Dividends
2 101
22 275
-
-
withholding
315
3 341
-
-
total
315
3 341
-
-
Income
27 500
27 500
27 500
27 500
Total tax
13 075
8 566
13 546
14 107
After tax
14 425
18 934
13 954
13 393
Living cost
12 639
12 639
12 639
12 639
Free-cash
1 786
6 295
1 315
754

Estimated living cost  is ₴12639 per week

₴8779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8119
-₴6954
-₴6565
-₴18047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 073
national
-
-
-
4 932
regional
-
-
-
272
municipal
-
-
-
163
total
-
-
-
12 440
Employee
45 547
-
27 500
-
social contributions
15 359
-
9 273
-
municipal
241
-
146
-
national
7 892
-
4 338
-
regional
430
-
237
-
total
23 922
-
13 994
-
Employer
45 547
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
nationa
-
6 600
-
-
municipal
-
1 073
-
-
total
-
7 673
-
-
Dividends
-
19 828
-
-
withholding
-
5 156
-
-
total
-
5 156
-
-
Income
27 500
27 500
27 500
27 500
Total tax
23 922
12 829
13 994
12 440
After tax
3 578
14 671
13 506
15 060
Living cost
21 625
21 625
21 625
21 625
Free-cash
-18 047
-6 954
-8 119
-6 565

Estimated living cost  is ₴21625 per week

₴15075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3763
₴5988
₴4397
₴4394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
1 953
income
-
-
-
4 029
pensions
-
-
-
5 500
surtax
-
-
-
195
unemployment
-
-
-
117
total
-
-
-
11 794
Employee
16 948
-
22 718
-
surtax
55
-
162
-
income
2 841
-
3 809
-
other
-
-
-
-
pensions
1 130
-
1 515
-
health
433
-
579
-
unemployment
1 180
-
1 581
-
total
5 639
-
7 646
-
Employer
16 948
-
22 718
-
other
-
-
-
-
unemployment
537
-
720
-
health
771
-
1 033
-
pensions
2 259
-
3 029
-
total
3 567
-
4 782
-
Corporate
6 985
27 500
-
-
income
1 816
7 150
-
-
total
1 816
7 150
-
-
Dividends
5 169
20 350
-
-
withholding
775
3 053
-
-
total
775
3 053
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 797
10 203
12 428
11 794
After tax
15 703
17 297
15 072
15 706
Living cost
11 309
11 309
11 309
11 309
Free-cash
4 394
5 988
3 763
4 397

Estimated living cost  is ₴11309 per week

₴6915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1044
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5342
-₴2717
-₴2621
-₴8988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 176
pensions
-
-
-
1 623
total
-
-
-
6 799
Employee
32 369
-
24 600
-
income
5 830
-
4 494
-
health
470
-
310
-
pensions
2 747
-
1 815
-
total
9 047
-
6 619
-
Employer
32 369
-
24 600
-
health
615
-
468
-
pensions
3 504
-
2 433
-
total
4 119
-
2 901
-
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
-
1 670
-
-
total
-
1 670
-
-
Income
27 500
27 500
27 500
27 500
Total tax
13 166
6 895
9 520
6 799
After tax
14 334
20 605
17 980
20 701
Living cost
23 322
23 322
23 322
23 322
Free-cash
-8 988
-2 717
-5 342
-2 621

Estimated living cost  is ₴23322 per week

₴17472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴19411
-₴28729
-₴17915
-₴25441
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
135
pensions
-
-
-
2 530
city
-
-
-
289
national
-
-
-
69
regional
-
-
-
538
total
-
-
-
4 111
Employee
48 337
-
24 564
-
national
229
-
52
-
city
519
-
263
-
pensions
4 061
-
2 120
-
health
109
-
55
-
regional
1 583
-
451
-
unemployment
-
-
-
-
total
6 501
-
2 941
-
Employer
48 337
-
24 564
-
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.

966
-
491
-
unemployment
-
-
-
-
health
109
-
55
-
pensions
4 061
-
2 120
-
total
5 136
-
2 666
-
Corporate
-
27 500
-
-
regional
-
5 817
-
-
national
-
2 337
-
-
total
-
8 154
-
-
Dividends
-
19 346
-
-
withholding
-
6 771
-
-
total
-
6 771
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 637
14 925
5 607
4 111
After tax
15 863
12 575
21 893
23 389
Living cost
41 304
41 304
41 304
41 304
Free-cash
-25 441
-28 729
-19 411
-17 915

Estimated living cost  is ₴41304 per week

₴26860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴507
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2283
-₴9788
-₴2913
-₴3300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
2 658
surtax

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

-
-
-
146
trade
-
-
-
630
total
-
-
-
6 935
Employee

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

30 800
-
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.

199
-
146
-
income

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

3 622
-
2 658
-
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.

3 501
-
3 501
-
total
7 322
-
6 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
27 500
-
-
chamber of commerce
-
117
-
-
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
-
-
trade
-
4 716
-
-
income
-
4 125
-
-
total
-
9 185
-
-
Dividends
-
18 316
-
-
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
-
-
withholding
-
4 384
-
-
total
-
4 625
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 322
13 810
6 305
6 935
After tax
20 178
13 690
21 195
20 565
Living cost
23 478
23 478
23 478
23 478
Free-cash
-3 300
-9 788
-2 283
-2 913

Estimated living cost  is ₴23478 per week

₴17147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴721
-₴3674
-₴1011
-₴1283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
853
social contributions
-
-
-
784
health
-
-
-
238
income
-
-
-
1 134
pensions
-
-
-
7 968
surtax
-
-
-
-
total
-
-
-
10 977
Employee
21 934
-
20 956
-
surtax
-
-
-
-
social contributions
625
-
597
-
income
1 294
-
1 176
-
pensions
2 480
-
2 370
-
total
4 399
-
4 143
-
Employer
21 934
-
20 956
-
other
757
-
723
-
unemployment
888
-
849
-
health
1 536
-
1 467
-
pensions
3 603
-
3 442
-
social contributions
66
-
63
-
total
6 850
-
6 544
-
Corporate
-
27 500
-
-
surtax
-
-
-
-
income
-
7 700
-
-
total
-
7 700
-
-
Dividends
-
19 800
-
-
social contributions
-
3 406
-
-
surtax
-
-
-
-
withholding
-
2 534
-
-
total
-
5 940
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 249
13 640
10 687
10 977
After tax
16 251
13 860
16 813
16 523
Living cost
17 534
17 534
17 534
17 534
Free-cash
-1 283
-3 674
-721
-1 011

Estimated living cost  is ₴17534 per week

₴11056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
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.
₴4755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1016
-₴1937
₴726
₴910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
853
social contributions
-
-
-
784
health
-
-
-
238
income
-
-
-
1 134
pensions
-
-
-
7 968
surtax
-
-
-
-
total
-
-
-
10 977
Employee
19 579
-
20 956
-
surtax
-
-
-
-
social contributions
558
-
597
-
income
1 010
-
1 176
-
pensions
2 215
-
2 370
-
total
3 783
-
4 143
-
Employer
19 579
-
20 956
-
other
676
-
723
-
unemployment
793
-
849
-
health
1 370
-
1 467
-
pensions
3 217
-
3 442
-
social contributions
58
-
63
-
total
6 114
-
6 544
-
Corporate
1 806
27 500
-
-
surtax
-
-
-
-
income
506
7 700
-
-
total
506
7 700
-
-
Dividends
1 301
19 800
-
-
social contributions
224
3 406
-
-
surtax
-
-
-
-
withholding
166
2 534
-
-
total
390
5 940
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 793
13 640
10 687
10 977
After tax
16 707
13 860
16 813
16 523
Living cost
15 797
15 797
15 797
15 797
Free-cash
910
-1 937
1 016
726

Estimated living cost  is ₴15797 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5691
₴5911
₴6793
₴6177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 795
health
-
-
-
1 920
income
-
-
-
4 125
total
-
-
-
9 840
Employee
17 377
-
27 500
-
social contributions
2 398
-
3 795
-
income
2 898
-
5 227
-
health
1 213
-
1 920
-
total
6 509
-
10 942
-
Employer
17 377
-
27 500
-
total
-
-
-
-
Corporate
10 123
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%.

506
1 375
-
-
total
506
1 375
-
-
Dividends
9 618
26 125
-
-
social contributions
1 328
3 605
-
-
withholding
1 442
3 918
-
-
health
671
1 824
-
-
total
3 441
9 347
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 456
10 722
10 942
9 840
After tax
17 044
16 778
16 558
17 660
Living cost
10 867
10 867
10 867
10 867
Free-cash
6 177
5 911
5 691
6 793

Estimated living cost  is ₴10867 per week

₴7273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7150
-₴2398
-₴2720
-₴6069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 104
income
-
-
-
1 617
chamber of commerce
-
-
-
110
pensions
-
-
-
5 087
surtax
-
-
-
101
unemployment
-
-
-
3 143
total
-
-
-
12 162
Employee
25 612
20 424
21 276
-
income
2 916
1 506
1 682
-
other
256
204
213
-
pensions
2 623
2 091
2 179
-
health
991
791
824
-
unemployment
768
613
638
-
total
7 554
5 205
5 536
-
Employer
25 612
20 424
21 276
-
other
1 217
970
1 010
-
unemployment
768
613
638
-
health
968
772
804
-
surtax
101
101
101
-
accident
333
266
276
-
pensions
3 214
2 564
2 670
-
payroll
768
613
638
-
chamber of commerce
102
82
86
-
total
7 471
5 981
6 223
-
Corporate
1 945
1 945
19 332
-
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.

486
486
4 833
-
total
486
486
4 833
-
Dividends
-
611
-
-
withholding
-
168
-
-
total
-
168
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 511
11 840
16 592
12 162
After tax
11 989
15 660
10 908
15 338
Living cost
18 058
18 058
18 058
18 058
Free-cash
-6 069
-2 398
-7 150
-2 720

Estimated living cost  is ₴18058 per week

₴12044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1541
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6756
-₴3176
-₴3614
-₴19829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 007
communal

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

-
-
-
1 470
national
-
-
-
7 951
total
-
-
-
12 428
Employee

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

36 659
-
21 299
-
national
11 270
-
5 473
-
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.

2 749
-
1 598
-
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.

1 722
-
1 001
-
communal

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

1 912
-
1 111
-
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.

319
-
186
-
total
17 972
-
9 369
-
Employer

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

36 659
-
21 299
-
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.

535
-
311
-
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.

2 254
-
1 310
-
surtax
4 157
-
2 416
-
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.

477
-
277
-
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.

3 248
-
1 887
-
total
10 671
-
6 201
-
Corporate
-
27 500
-
-
surtax
-
110
-
-
income
-
5 500
-
-
total
-
5 610
-
-
Dividends
-
21 890
-
-
withholding

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

-
6 380
-
-
total
-
6 380
-
-
Income
27 500
27 500
27 500
27 500
Total tax
28 643
11 990
15 570
12 428
After tax
-1 143
15 510
11 930
15 072
Living cost
18 686
18 686
18 686
18 686
Free-cash
-19 829
-3 176
-6 756
-3 614

Estimated living cost  is ₴18686 per week

₴12036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3060
₴75
-₴3272
-₴6142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
27
accident
-
-
-
247
income
-
-
-
4 015
pensions
-
-
-
7 782
unemployment
-
-
-
193
total
-
-
-
12 264
Employee
25 511
-
20 852
-
income
5 383
-
4 081
-
other
25
-
20
-
pensions
1 199
-
980
-
unemployment
396
-
323
-
total
7 003
-
5 404
-
Employer
25 511
-
20 852
-
other
203
-
167
-
unemployment
1 403
-
1 147
-
accident
505
-
413
-
pensions
6 020
-
4 921
-
total
8 131
-
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
-
4 792
-
-
total
-
4 792
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 134
8 917
12 052
12 264
After tax
12 366
18 583
15 448
15 236
Living cost
18 508
18 508
18 508
18 508
Free-cash
-6 142
75
-3 060
-3 272

Estimated living cost  is ₴18508 per week

₴13629
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.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3299
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8965
-₴10549
-₴9527
-₴15947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 062
accident
-
-
-
247
income
-
-
-
1 012
pensions
-
-
-
4 400
communal
-
-
-
-
surtax
-
-
-
1 455
total
-
-
-
9 176
Employee
38 811
-
24 565
-
surtax
2 379
-
1 506
-
income
3 749
-
1 113
-
pensions
3 104
-
1 966
-
health
1 727
-
1 093
-
total
10 959
-
5 678
-
Employer
38 811
-
24 565
-
health
1 184
-
749
-
accident
349
-
221
-
pensions
3 104
-
1 966
-
total
4 637
-
2 936
-
Corporate
-
27 500
-
-
surtax
-
289
-
-
income
-
4 125
-
-
communal
-
1 857
-
-
total
-
6 271
-
-
Dividends
-
21 230
-
-
income
-
743
-
-
withholding
-
3 184
-
-
total
-
3 927
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 596
10 198
8 614
9 176
After tax
11 904
17 302
18 886
18 324
Living cost
27 851
27 851
27 851
27 851
Free-cash
-15 947
-10 549
-8 965
-9 527

Estimated living cost  is ₴27851 per week

₴20892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3561
₴5786
₴4195
₴4156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
1 953
income
-
-
-
4 029
pensions
-
-
-
5 500
surtax
-
-
-
195
unemployment
-
-
-
117
total
-
-
-
11 794
Employee
17 259
-
22 718
-
surtax
61
-
162
-
income
2 893
-
3 809
-
other
-
-
-
-
pensions
1 152
-
1 515
-
health
441
-
579
-
unemployment
1 201
-
1 581
-
total
5 748
-
7 646
-
Employer
17 259
-
22 718
-
other
-
-
-
-
unemployment
548
-
720
-
health
785
-
1 033
-
pensions
2 301
-
3 029
-
total
3 634
-
4 782
-
Corporate
6 608
27 500
-
-
income
1 718
7 150
-
-
total
1 718
7 150
-
-
Dividends
4 890
20 350
-
-
withholding
733
3 053
-
-
total
733
3 053
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 833
10 203
12 428
11 794
After tax
15 667
17 297
15 072
15 706
Living cost
11 511
11 511
11 511
11 511
Free-cash
4 156
5 786
3 561
4 195

Estimated living cost  is ₴11511 per week

₴6950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
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.
₴3294
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴432
₴650
₴1112
-₴929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 073
national
-
-
-
4 932
regional
-
-
-
415
municipal
-
-
-
163
total
-
-
-
12 583
Employee
28 429
-
27 500
-
social contributions
9 586
-
9 273
-
municipal
151
-
146
-
national
4 504
-
4 338
-
regional
383
-
370
-
total
14 624
-
14 127
-
Employer
28 429
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
nationa
-
6 600
-
-
municipal
-
1 366
-
-
total
-
7 966
-
-
Dividends
-
19 534
-
-
withholding
-
5 079
-
-
total
-
5 079
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 624
13 045
14 127
12 583
After tax
12 876
14 455
13 373
14 917
Living cost
13 805
13 805
13 805
13 805
Free-cash
-929
650
-432
1 112

Estimated living cost  is ₴13805 per week

₴8586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1620
₴3360
-₴2181
-₴3190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 030
health
-
-
-
3 713
income
-
-
-
2 364
solidarity contribution
-
-
-
-
total
-
-
-
14 107
Employee
22 903
-
20 522
-
social contributions
1 489
-
1 334
-
solidarity contribution
-
-
-
-
income
2 748
-
2 463
-
health
3 092
-
2 771
-
total
7 329
-
6 568
-
Employer
22 903
-
20 522
-
health
2 061
-
1 847
-
social contributions
5 726
-
5 131
-
total
7 787
-
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
15 116
8 566
13 546
14 107
After tax
12 384
18 934
13 954
13 393
Living cost
15 574
15 574
15 574
15 574
Free-cash
-3 190
3 360
-1 620
-2 181

Estimated living cost  is ₴15574 per week

₴11582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-₴5412
-₴616
-₴911
-₴1836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 104
income
-
-
-
1 617
chamber of commerce
-
-
-
110
pensions
-
-
-
5 087
surtax
-
-
-
-
unemployment
-
-
-
3 143
total
-
-
-
12 061
Employee
22 403
20 424
21 353
-
income
1 996
1 506
1 697
-
other
224
204
214
-
pensions
2 294
2 091
2 186
-
health
867
791
827
-
unemployment
672
613
641
-
total
6 053
5 205
5 565
-
Employer
22 403
20 424
21 353
-
other
1 064
970
1 014
-
unemployment
672
613
641
-
health
847
772
807
-
surtax
-
-
-
-
accident
291
266
277
-
pensions
2 812
2 564
2 679
-
payroll
672
613
641
-
chamber of commerce
89
82
86
-
total
6 447
5 880
6 145
-
Corporate
1 945
1 945
19 409
-
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.

486
486
4 852
-
total
486
486
4 852
-
Dividends
-
712
-
-
withholding
-
195
-
-
total
-
195
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 986
11 766
16 562
12 061
After tax
14 514
15 734
10 938
15 439
Living cost
16 350
16 350
16 350
16 350
Free-cash
-1 836
-616
-5 412
-911

Estimated living cost  is ₴16350 per week

₴9808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15366
₴19491
₴20591
₴18247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 293
-
27 500
-
income
1 659
-
5 500
-
total
1 659
-
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%.

19 207
27 500
-
-
total
-
-
-
-
Dividends
19 207
27 500
-
-
withholding
960
1 375
-
-
total
960
1 375
-
-
Income
27 500
27 500
27 500
27 500
Total tax
2 619
1 375
5 500
275
After tax
24 881
26 125
22 000
27 225
Living cost
6 634
6 634
6 634
6 634
Free-cash
18 247
19 491
15 366
20 591

Estimated living cost  is ₴6634 per week

₴4489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴644
₴5187
₴1516
₴901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 706
income
-
-
-
4 469
pensions
-
-
-
5 022
unemployment
-
-
-
41
total
-
-
-
12 238
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.

22 663
-
23 796
-
income
3 908
-
4 147
-
pensions
3 513
-
3 688
-
health
1 464
-
1 537
-
unemployment
32
-
33
-
total
8 917
-
9 405
-
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.

22 663
-
23 796
-
unemployment
14
-
15
-
health
1 509
-
1 584
-
pensions
2 005
-
2 106
-
total
3 528
-
3 705
-
Corporate
1 309
27 500
-
-
income
249
5 225
-
-
total
249
5 225
-
-
Dividends
1 060
22 275
-
-
withholding
159
3 342
-
-
total
159
3 342
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 853
8 567
13 110
12 238
After tax
14 647
18 933
14 390
15 262
Living cost
13 746
13 746
13 746
13 746
Free-cash
901
5 187
644
1 516

Estimated living cost  is ₴13746 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2937
-₴6594
-₴4320
-₴53102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 445
-
-
-
social contributions
2 743
-
391
-
income
7 377
-
-
-
total
10 120
-
391
-
Employer
33 445
-
-
-
social contributions
47 157
-
6 721
-
total
47 157
-
6 721
-
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
57 277
10 769
7 112
8 495
After tax
-29 777
16 731
20 388
19 005
Living cost
23 325
23 325
23 325
23 325
Free-cash
-53 102
-6 594
-2 937
-4 320

Estimated living cost  is ₴23325 per week

₴15134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴780
-₴433
-₴127
-₴1669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
9 556
income
-
-
-
1 996
surtax
-
-
-
-
total
-
-
-
11 552
Employee
23 571
-
22 222
-
surtax
-
-
-
-
social contributions
2 593
-
2 444
-
income
4 903
-
4 483
-
total
7 496
-
6 927
-
Employer
23 571
-
22 222
-
social contributions
5 598
-
5 278
-
total
5 598
-
5 278
-
Corporate
-
27 500
-
-
surtax
-
-
-
-
income
-
5 775
-
-
total
-
5 775
-
-
Dividends
-
21 725
-
-
withholding
-
6 083
-
-
total
-
6 083
-
-
Income
27 500
27 500
27 500
27 500
Total tax
13 094
11 858
12 205
11 552
After tax
14 406
15 642
15 295
15 948
Living cost
16 075
16 075
16 075
16 075
Free-cash
-1 669
-433
-780
-127

Estimated living cost  is ₴16075 per week

₴12028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7940
-₴10893
-₴8230
-₴14624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
853
social contributions
-
-
-
784
health
-
-
-
238
income
-
-
-
1 134
pensions
-
-
-
7 968
surtax
-
-
-
-
total
-
-
-
10 977
Employee
32 098
-
20 956
-
surtax
-
-
-
-
social contributions
914
-
597
-
income
2 801
-
1 176
-
pensions
3 631
-
2 370
-
total
7 346
-
4 143
-
Employer
32 098
-
20 956
-
other
1 108
-
723
-
unemployment
1 300
-
849
-
health
2 247
-
1 467
-
pensions
5 274
-
3 442
-
social contributions
96
-
63
-
total
10 025
-
6 544
-
Corporate
-
27 500
-
-
surtax
-
-
-
-
income
-
7 700
-
-
total
-
7 700
-
-
Dividends
-
19 800
-
-
social contributions
-
3 406
-
-
surtax
-
-
-
-
withholding
-
2 534
-
-
total
-
5 940
-
-
Income
27 500
27 500
27 500
27 500
Total tax
17 371
13 640
10 687
10 977
After tax
10 129
13 860
16 813
16 523
Living cost
24 753
24 753
24 753
24 753
Free-cash
-14 624
-10 893
-7 940
-8 230

Estimated living cost  is ₴24753 per week

₴16752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2025
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6857
₴9345
₴6045
₴7623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
social contributions
-
-
-
6 050
total
-
-
-
6 050
Employee
16 476
-
23 809
-
income
-
-
-
-
social contributions
1 071
-
1 547
-
total
1 071
-
1 547
-
Employer
16 476
-
23 809
-
social contributions
2 554
-
3 691
-
total
2 554
-
3 691
-
Corporate
8 470
27 500
-
-
income
847
2 750
-
-
total
847
2 750
-
-
Dividends
7 623
24 750
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
4 472
2 750
5 238
6 050
After tax
23 028
24 750
22 262
21 450
Living cost
15 405
15 405
15 405
15 405
Free-cash
7 623
9 345
6 857
6 045

Estimated living cost  is ₴15405 per week

₴9961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
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.
₴3993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴83986
-₴83986
-₴6671
-₴83986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
2 164
pensions
-
-
-
444
national
-
-
-
2 556
municipal
-
-
-
4 364
total
-
-
-
9 528
Employee
104 013
104 013
104 013
-
labour market
8 309
8 309
8 309
-
municipal
22 149
22 149
22 149
-
national
12 707
12 707
12 707
-
pensions
148
148
148
-
total
43 313
43 313
43 313
-
Employer
104 013
104 013
104 013
-
national
12 729
12 729
12 729
-
labour market
8 321
8 321
8 321
-
pensions
296
296
296
-
municipal
22 184
22 184
22 184
-
total
43 530
43 530
43 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
86 843
86 843
86 843
9 528
After tax
-59 343
-59 343
-59 343
17 972
Living cost
24 643
24 643
24 643
24 643
Free-cash
-83 986
-83 986
-83 986
-6 671

Estimated living cost  is ₴24643 per week

₴16866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2180
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3336
-₴8959
₴7841
₴511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
4 878
pensions
-
-
-
2 147
total
-
-
-
8 472
Employee
17 597
-
22 844
-
income
2 414
-
3 134
-
pensions
1 982
-
2 572
-
health
2 015
-
2 616
-
total
6 411
-
8 322
-
Employer
17 597
-
22 844
-
unemployment
431
-
560
-
accident
294
-
381
-
pensions
2 861
-
3 714
-
total
3 586
-
4 655
-
Corporate
6 316
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.

5 685
24 750
-
-
total
5 685
24 750
-
-
Dividends
632
2 750
-
-
withholding
120
522
-
-
total
120
522
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 802
25 272
12 977
8 472
After tax
11 698
2 228
14 523
19 028
Living cost
11 187
11 187
11 187
11 187
Free-cash
511
-8 959
3 336
7 841

Estimated living cost  is ₴11187 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2626
-₴646
₴1910
-₴4550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
210
national
-
-
-
792
municipal
-
-
-
4 912
total
-
-
-
5 914
Employee
26 963
-
23 134
-
municipal
4 416
-
3 795
-
national
445
-
238
-
pensions
1 820
-
1 562
-
health
201
-
142
-
unemployment
405
-
347
-
total
7 287
-
6 084
-
Employer
26 963
-
23 134
-
unemployment
175
-
151
-
health
207
-
178
-
accident
27
-
23
-
pensions
4 678
-
4 014
-
total
5 087
-
4 366
-
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
-
-
national
-
-
-
-
municipal
-
2 970
-
-
total
-
2 970
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 374
8 470
10 450
5 914
After tax
15 126
19 030
17 050
21 586
Living cost
19 676
19 676
19 676
19 676
Free-cash
-4 550
-646
-2 626
1 910

Estimated living cost  is ₴19676 per week

₴12852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6521
₴4045
₴9934
₴5610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 290
health
-
-
-
701
income
-
-
-
709
total
-
-
-
5 700
Employee
39 408
39 408
39 408
-
social contributions
1 490
3 271
2 073
-
income
4 291
3 648
4 081
-
health
305
670
424
-
total
6 086
7 589
6 578
-
Employer
39 408
39 408
39 408
-
health
332
729
462
-
social contributions
1 490
3 271
2 073
-
total
1 822
4 000
2 535
-
Corporate
7 727
-
-
-
income
966
-
-
-
total
966
-
-
-
Dividends
6 761
-
-
-
withholding
1 150
-
-
-
total
1 150
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 024
11 589
9 113
5 700
After tax
17 476
15 911
18 387
21 800
Living cost
11 866
11 866
11 866
11 866
Free-cash
5 610
4 045
6 521
9 934

Estimated living cost  is ₴11866 per week

₴7111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
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.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴8911
₴14636
₴11953
₴12030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 855
income
-
-
-
2 280
pensions
-
-
-
3 260
unemployment
-
-
-
15
total
-
-
-
7 410
Employee

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

11 764
-
24 932
-
income
804
-
1 903
-
pensions
1 764
-
3 739
-
health
1 000
-
2 119
-
unemployment
58
-
124
-
total
3 626
-
7 885
-
Employer

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

11 764
-
24 932
-
unemployment
58
-
124
-
health
506
-
1 072
-
pensions
647
-
1 371
-
total
1 211
-
2 567
-
Corporate
14 526
27 500
-
-
income
1 307
2 475
-
-
total
1 307
2 475
-
-
Dividends
13 219
25 025
-
-
withholding
1 189
2 252
-
-
total
1 189
2 252
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 333
4 727
10 452
7 410
After tax
20 167
22 773
17 048
20 090
Living cost
8 137
8 137
8 137
8 137
Free-cash
12 030
14 636
8 911
11 953

Estimated living cost  is ₴8137 per week

₴5191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
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.
₴2116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1355
₴4490
₴1143
₴1727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
27
accident
-
-
-
247
income
-
-
-
4 015
pensions
-
-
-
7 782
unemployment
-
-
-
193
total
-
-
-
12 264
Employee
18 950
-
20 852
-
income
3 653
-
4 081
-
other
18
-
20
-
pensions
891
-
980
-
unemployment
294
-
323
-
total
4 856
-
5 404
-
Employer
18 950
-
20 852
-
other
152
-
167
-
unemployment
1 043
-
1 147
-
accident
375
-
413
-
pensions
4 472
-
4 921
-
total
6 042
-
6 648
-
Corporate
2 509
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.

376
4 125
-
-
total
376
4 125
-
-
Dividends
2 132
23 375
-
-
withholding
406
4 792
-
-
total
406
4 792
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 680
8 917
12 052
12 264
After tax
15 820
18 583
15 448
15 236
Living cost
14 093
14 093
14 093
14 093
Free-cash
1 727
4 490
1 355
1 143

Estimated living cost  is ₴14093 per week

₴9513
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.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16300
₴16210
₴16368
₴16056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
502
income
-
-
-
8 987
pensions
-
-
-
693
total
-
-
-
10 182
Employee
1 447
-
26 720
-
income
280
-
8 951
-
pensions
130
-
312
-
health
72
-
173
-
unemployment
14
-
35
-
total
496
-
9 471
-
Employer
1 447
-
26 720
-
unemployment
29
-
69
-
health
137
-
329
-
pensions
159
-
381
-
total
325
-
779
-
Corporate
25 727
27 500
-
-
income
5 660
6 050
-
-
total
5 660
6 050
-
-
Dividends
20 067
21 450
-
-
withholding
4 013
4 290
-
-
total
4 013
4 290
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 494
10 340
10 250
10 182
After tax
17 006
17 160
17 250
17 318
Living cost
950
950
950
950
Free-cash
16 056
16 210
16 300
16 368

Estimated living cost  is ₴950 per week

₴565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6001
₴11025
₴4817
₴8508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 832
income
-
-
-
3 444
pensions
-
-
-
7 150
unemployment
-
-
-
413
total
-
-
-
13 839
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.

13 336
-
23 325
-
income
1 838
-
3 839
-
pensions
1 867
-
3 265
-
health
687
-
1 201
-
unemployment
100
-
175
-
total
4 492
-
8 480
-
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.

13 336
-
23 325
-
unemployment
100
-
175
-
health
687
-
1 201
-
pensions
1 600
-
2 799
-
total
2 387
-
4 175
-
Corporate
11 777
27 500
-
-
income
1 767
4 125
-
-
total
1 767
4 125
-
-
Dividends
10 010
23 375
-
-
withholding
1 502
3 506
-
-
total
1 502
3 506
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 148
7 631
12 655
13 839
After tax
17 352
19 869
14 845
13 661
Living cost
8 844
8 844
8 844
8 844
Free-cash
8 508
11 025
6 001
4 817

Estimated living cost  is ₴8844 per week

₴5955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1479
₴1826
₴2132
₴1641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
9 556
income
-
-
-
1 996
surtax
-
-
-
-
total
-
-
-
11 552
Employee
19 891
-
22 222
-
surtax
-
-
-
-
social contributions
2 188
-
2 444
-
income
3 887
-
4 483
-
total
6 075
-
6 927
-
Employer
19 891
-
22 222
-
social contributions
4 724
-
5 278
-
total
4 724
-
5 278
-
Corporate
2 885
27 500
-
-
surtax
-
-
-
-
income
606
5 775
-
-
total
606
5 775
-
-
Dividends
2 279
21 725
-
-
withholding
638
6 083
-
-
total
638
6 083
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 043
11 858
12 205
11 552
After tax
15 457
15 642
15 295
15 948
Living cost
13 816
13 816
13 816
13 816
Free-cash
1 641
1 826
1 479
2 132

Estimated living cost  is ₴13816 per week

₴9786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2563
₴572
-₴2775
-₴5142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
27
accident
-
-
-
247
income
-
-
-
4 015
pensions
-
-
-
7 782
unemployment
-
-
-
193
total
-
-
-
12 264
Employee
24 751
-
20 852
-
income
5 170
-
4 081
-
other
24
-
20
-
pensions
1 163
-
980
-
unemployment
383
-
323
-
total
6 740
-
5 404
-
Employer
24 751
-
20 852
-
other
198
-
167
-
unemployment
1 362
-
1 147
-
accident
490
-
413
-
pensions
5 841
-
4 921
-
total
7 891
-
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
-
4 792
-
-
total
-
4 792
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 631
8 917
12 052
12 264
After tax
12 869
18 583
15 448
15 236
Living cost
18 011
18 011
18 011
18 011
Free-cash
-5 142
572
-2 563
-2 775

Estimated living cost  is ₴18011 per week

₴12935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10296
₴14766
₴9886
₴11667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 042
income
-
-
-
4 125
pensions

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

-
-
-
2 629
unemployment
-
-
-
71
total
-
-
-
8 867
Employee
11 582
-
24 016
-
income
1 158
-
2 402
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 017
-
1 559
-
health
533
-
817
-
total
2 835
-
4 973
-
Employer
11 582
-
24 016
-
unemployment
70
-
107
-
health
799
-
1 225
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 276
-
1 957
-
total
2 272
-
3 484
-
Corporate
13 646
27 500
-
-
income
1 365
2 750
-
-
total
1 365
2 750
-
-
Dividends
12 281
24 750
-
-
withholding
614
1 237
-
-
total
614
1 237
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 086
3 987
8 457
8 867
After tax
20 414
23 513
19 043
18 633
Living cost
8 747
8 747
8 747
8 747
Free-cash
11 667
14 766
10 296
9 886

Estimated living cost  is ₴8747 per week

₴5785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
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.
₴2253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1409
-₴5532
₴882
₴1172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
2 658
surtax

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

-
-
-
146
trade
-
-
-
527
total
-
-
-
6 832
Employee

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

25 500
-
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.

116
-
146
-
income

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

2 097
-
2 658
-
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.

3 501
-
3 501
-
total
5 714
-
6 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 000
27 500
-
-
chamber of commerce
81
118
-
-
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.

17
227
-
-
trade
287
3 947
-
-
income
301
4 125
-
-
total
686
8 417
-
-
Dividends
1 316
19 084
-
-
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.

8
252
-
-
withholding
134
4 577
-
-
total
142
4 829
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 542
13 246
6 305
6 832
After tax
20 958
14 254
21 195
20 668
Living cost
19 786
19 786
19 786
19 786
Free-cash
1 172
-5 532
1 409
882

Estimated living cost  is ₴19786 per week

₴13649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2129
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.
₴3721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7534
-₴9944
-₴7534
-₴12590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 895
social contributions
-
-
-
1 945
total
-
-
-
5 840
Employee
40 088
-
27 500
-
income
7 565
-
3 895
-
social contributions
3 331
-
1 945
-
total
10 896
-
5 840
-
Employer
40 088
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
income
-
3 438
-
-
total
-
3 438
-
-
Dividends
-
24 062
-
-
withholding
-
4 812
-
-
total
-
4 812
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 896
8 250
5 840
5 840
After tax
16 604
19 250
21 660
21 660
Living cost
29 194
29 194
29 194
29 194
Free-cash
-12 590
-9 944
-7 534
-7 534

Estimated living cost  is ₴29194 per week

₴22210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1223
-₴3410
-₴8864
-₴469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 588
health

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

-
-
-
3 172
total
-
-
-
17 760
Employee
23 510
-
25 143
-
income
2 551
-
2 959
-
social contributions
2 356
-
2 357
-
total
4 907
-
5 316
-
Employer
23 510
-
25 143
-
social contributions
2 356
-
2 357
-
total
2 356
-
2 357
-
Corporate
1 634
27 500
-
-
income
572
9 625
-
-
total
572
9 625
-
-
Dividends
1 062
17 875
-
-
social contributions
1 530
2 681
-
-
total
1 530
2 681
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 365
12 306
7 673
17 760
After tax
18 135
15 194
19 827
9 740
Living cost
18 604
18 604
18 604
18 604
Free-cash
-469
-3 410
1 223
-8 864

Estimated living cost  is ₴18604 per week

₴12254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1467
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.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴980
₴1645
₴1741
-₴1648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 176
pensions
-
-
-
1 623
total
-
-
-
6 799
Employee
26 025
-
24 600
-
income
4 739
-
4 494
-
health
339
-
310
-
pensions
1 986
-
1 815
-
total
7 064
-
6 619
-
Employer
26 025
-
24 600
-
health
495
-
468
-
pensions
2 629
-
2 433
-
total
3 124
-
2 901
-
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
-
1 670
-
-
total
-
1 670
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 188
6 895
9 520
6 799
After tax
17 312
20 605
17 980
20 701
Living cost
18 960
18 960
18 960
18 960
Free-cash
-1 648
1 645
-980
1 741

Estimated living cost  is ₴18960 per week

₴13006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
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.
₴3972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2229
-₴10066
₴6734
₴342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
4 878
pensions
-
-
-
2 147
total
-
-
-
8 472
Employee
19 339
-
22 844
-
income
2 653
-
3 134
-
pensions
2 178
-
2 572
-
health
2 214
-
2 616
-
total
7 045
-
8 322
-
Employer
19 339
-
22 844
-
unemployment
474
-
560
-
accident
323
-
381
-
pensions
3 144
-
3 714
-
total
3 941
-
4 655
-
Corporate
4 220
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.

3 798
24 750
-
-
total
3 798
24 750
-
-
Dividends
422
2 750
-
-
withholding
80
522
-
-
total
80
522
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 864
25 272
12 977
8 472
After tax
12 636
2 228
14 523
19 028
Living cost
12 294
12 294
12 294
12 294
Free-cash
342
-10 066
2 229
6 734

Estimated living cost  is ₴12294 per week

₴9023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9439
₴16463
₴9439
₴13975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 587
health insurance
-
-
-
2 035
work injury
-
-
-
137
pensions
-
-
-
5 060
unemployment
-
-
-
330
total
-
-
-
11 149
Employee

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

11 059
-
27 500
-
income
1 106
-
3 587
-
work injury
55
-
137
-
health insurance
818
-
2 035
-
pensions
2 035
-
5 060
-
unemployment
133
-
330
-
total
4 147
-
11 149
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 441
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
16 441
27 500
-
-
withholding
2 466
4 125
-
-
total
2 466
4 125
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 613
4 125
11 149
11 149
After tax
20 887
23 375
16 351
16 351
Living cost
6 912
6 912
6 912
6 912
Free-cash
13 975
16 463
9 439
9 439

Estimated living cost  is ₴6912 per week

₴4282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7044
-₴5932
-₴5518
-₴15687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 073
national
-
-
-
4 932
regional
-
-
-
412
municipal
-
-
-
184
total
-
-
-
12 601
Employee
43 186
-
27 500
-
social contributions
14 562
-
9 273
-
municipal
258
-
164
-
national
7 298
-
4 338
-
regional
652
-
352
-
total
22 770
-
14 127
-
Employer
43 186
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
nationa
-
6 600
-
-
municipal
-
1 326
-
-
total
-
7 926
-
-
Dividends
-
19 575
-
-
withholding
-
5 089
-
-
total
-
5 089
-
-
Income
27 500
27 500
27 500
27 500
Total tax
22 770
13 015
14 127
12 601
After tax
4 730
14 485
13 373
14 899
Living cost
20 417
20 417
20 417
20 417
Free-cash
-15 687
-5 932
-7 044
-5 518

Estimated living cost  is ₴20417 per week

₴14341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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