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
-₴1150
₴6023
₴5348
₴4372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
2 794
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.

-
-
-
153
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.

-
-
-
3 410
trade
-
-
-
675
total
-
-
-
7 032
Employee

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

19 093
-
27 500
-
surtax

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

29
-
153
-
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.

533
-
2 794
-
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.

3 410
-
3 410
-
total
3 972
-
6 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 407
27 500
-
-
income
1 261
4 125
-
-
surtax

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

69
226
-
-
chamber of commerce
88
116
-
-
trade
1 324
4 331
-
-
total
2 742
8 798
-
-
Dividends
5 664
18 702
-
-
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.

67
246
-
-
withholding
1 227
4 486
-
-
total
1 294
4 732
-
-
Income
27 500
27 500
27 500
27 500
Total tax
8 008
13 530
6 357
7 032
After tax
19 492
13 970
21 143
20 468
Living cost
15 120
15 120
15 120
15 120
Free-cash
4 372
-1 150
6 023
5 348

Estimated living cost  is ₴15120 per week

₴9511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9352
-₴8906
-₴9122
-₴17328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
2 555
national
-
-
-
3 959
pensions
-
-
-
3 300
total
-
-
-
10 110
Employee
41 099
-
23 773
-
municipal
5 076
-
2 661
-
pensions
1 644
-
951
-
national
7 866
-
4 124
-
total
14 586
-
7 736
-
Employer
41 099
-
23 773
-
pensions
3 288
-
1 902
-
social contributions
442
-
256
-
total
3 730
-
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
18 316
10 340
9 894
10 110
After tax
9 184
17 160
17 606
17 390
Living cost
26 512
26 512
26 512
26 512
Free-cash
-17 328
-9 352
-8 906
-9 122

Estimated living cost  is ₴26512 per week

₴18020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11615
₴5372
₴11418
₴7520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 572
microenterprise
-
-
-
4 125
total
-
-
-
5 697
Employee
14 587
-
22 161
-
surtax
-
-
-
-
social contributions

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

1 605
-
2 437
-
income
2 597
-
3 968
-
total
4 202
-
6 405
-
Employer
14 587
-
22 161
-
social contributions

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

3 514
-
5 338
-
surtax
-
-
-
-
total
3 514
-
5 338
-
Corporate
9 400
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%.

1 879
5 500
-
-
total
1 879
5 500
-
-
Dividends

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

7 520
22 000
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 595
5 500
11 743
5 697
After tax
17 905
22 000
15 757
21 803
Living cost
10 385
10 385
10 385
10 385
Free-cash
7 520
11 615
5 372
11 418

Estimated living cost  is ₴10385 per week

₴6626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴989
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.
₴2535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19270
-₴22071
-₴5176
-₴22071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 593
health
-
-
-
4 221
pensions
-
-
-
4 950
total
-
-
-
11 764
Employee
42 629
42 629
42 629
-
pensions
7 673
5 849
7 673
-
income

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

6 978
6 978
6 978
-
health
6 543
5 566
6 543
-
total
21 194
18 393
21 194
-
Employer
42 629
42 629
42 629
-
health
2 963
2 963
2 963
-
pensions
2 967
2 967
2 967
-
unemployment
1 535
1 535
1 535
-
total
7 465
7 465
7 465
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
28 659
25 858
28 659
11 764
After tax
-1 159
1 642
-1 159
15 736
Living cost
20 912
20 912
20 912
20 912
Free-cash
-22 071
-19 270
-22 071
-5 176

Estimated living cost  is ₴20912 per week

₴14820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4994
-₴5324
-₴6300
-₴9968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
55
other
-
-
-
3 195
unemployment
-
-
-
28
health
-
-
-
1 716
municipal
-
-
-
5 825
national
-
-
-
-
pensions
-
-
-
2 973
total
-
-
-
13 792
Employee
28 510
-
20 925
-
municipal
8 502
-
6 240
-
national
-
-
-
-
total
8 502
-
6 240
-
Employer
28 510
-
20 925
-
health
1 753
-
1 287
-
pensions
3 082
-
2 262
-
accident
57
-
42
-
unemployment
753
-
552
-
other
3 313
-
2 432
-
total
8 958
-
6 575
-
Corporate
-
27 500
-
-
income
-
6 050
-
-
total
-
6 050
-
-
Dividends
-
21 450
-
-
withholding
-
6 435
-
-
total
-
6 435
-
-
Income
27 500
27 500
27 500
27 500
Total tax
17 460
12 485
12 815
13 792
After tax
10 040
15 015
14 685
13 708
Living cost
20 008
20 008
20 008
20 008
Free-cash
-9 968
-4 994
-5 324
-6 300

Estimated living cost  is ₴20008 per week

₴13261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5782
₴1532
₴826
₴1231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
2 794
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.

-
-
-
153
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.

-
-
-
3 410
trade
-
-
-
706
total
-
-
-
7 063
Employee

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

25 315
-
27 500
-
surtax

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

119
-
153
-
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.

2 175
-
2 794
-
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.

3 410
-
3 410
-
total
5 704
-
6 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 185
27 500
-
-
income
328
4 125
-
-
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.

18
226
-
-
chamber of commerce
79
115
-
-
trade
359
4 523
-
-
total
784
8 989
-
-
Dividends
1 401
18 511
-
-
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.

9
244
-
-
withholding
161
4 438
-
-
total
170
4 682
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 658
13 671
6 357
7 063
After tax
20 842
13 829
21 143
20 437
Living cost
19 611
19 611
19 611
19 611
Free-cash
1 231
-5 782
1 532
826

Estimated living cost  is ₴19611 per week

₴13116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2068
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.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21
₴2323
₴5511
₴1997
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
807
social contributions
-
-
-
4 290
health
-
-
-
701
total
-
-
-
5 798
Employee
38 386
38 386
38 386
-
social contributions
1 865
3 186
2 072
-
income
4 031
3 553
3 956
-
health
382
653
424
-
total
6 278
7 392
6 452
-
Employer
38 386
38 386
38 386
-
health
416
710
462
-
social contributions
1 865
3 186
2 072
-
total
2 281
3 896
2 534
-
Corporate
2 749
-
-
-
income
344
-
-
-
total
344
-
-
-
Dividends
2 406
-
-
-
withholding
409
-
-
-
total
409
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 312
11 288
8 986
5 798
After tax
18 188
16 212
18 514
21 702
Living cost
16 191
16 191
16 191
16 191
Free-cash
1 997
21
2 323
5 511

Estimated living cost  is ₴16191 per week

₴11069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6645
₴7017
₴10124
₴6833
S + D Salary + Dividends

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

Dividends

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

Salary

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

12 884
5 128
23 013
-
unemployment
193
77
345
-
pensions
1 288
513
2 301
-
income
1 575
627
2 813
-
health
902
359
1 611
-
total
3 958
1 576
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.

12 884
5 128
23 013
-
pensions
2 512
1 000
4 487
-
total
2 512
1 000
4 487
-
Corporate
12 103
21 372
-
-
income
1 089
1 924
-
-
total
1 089
1 924
-
-
Dividends
11 014
19 449
-
-
social contributions
2 089
3 734
-
-
withholding
2 093
3 695
-
-
total
4 182
7 429
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 741
11 929
11 557
8 450
After tax
15 759
15 571
15 943
19 050
Living cost
8 926
8 926
8 926
8 926
Free-cash
6 833
6 645
7 017
10 124

Estimated living cost  is ₴8926 per week

₴6091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9943
₴4245
₴3288
₴6843
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 080
health
-
-
-
3 575
pensions
-
-
-
5 500
total
-
-
-
12 155
Employee
14 161
-
20 552
-
unemployment
226
-
329
-
pensions
283
-
411
-
income
1 594
-
3 512
-
total
2 103
-
4 252
-
Employer
14 161
-
20 552
-
health
1 841
-
2 671
-
pensions
2 832
-
4 110
-
unemployment
114
-
165
-
total
4 787
-
6 946
-
Corporate
8 552
27 500
-
-
income
1 710
5 500
-
-
total
1 710
5 500
-
-
Dividends
6 842
22 000
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
8 600
5 500
11 198
12 155
After tax
18 900
22 000
16 302
15 345
Living cost
12 057
12 057
12 057
12 057
Free-cash
6 843
9 943
4 245
3 288

Estimated living cost  is ₴12057 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8865
₴3431
₴7928
₴527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
127
income
-
-
-
4 968
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
8 480
Employee
17 449
-
22 844
-
pensions
1 965
-
2 572
-
income
2 394
-
3 134
-
health
1 998
-
2 616
-
total
6 357
-
8 322
-
Employer
17 449
-
22 844
-
pensions
2 837
-
3 714
-
accident
291
-
381
-
unemployment
427
-
560
-
total
3 555
-
4 655
-
Corporate
6 495
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.

5 846
24 750
-
-
total
5 846
24 750
-
-
Dividends
650
2 750
-
-
withholding
123
523
-
-
total
123
523
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 881
25 273
12 977
8 480
After tax
11 619
2 227
14 523
19 020
Living cost
11 092
11 092
11 092
11 092
Free-cash
527
-8 865
3 431
7 928

Estimated living cost  is ₴11092 per week

₴8130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22109
₴17984
₴23209
₴21356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 019
-
27 500
-
income
1 004
-
5 500
-
total
1 004
-
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%.

22 481
27 500
-
-
total
-
-
-
-
Dividends
22 481
27 500
-
-
withholding
1 124
1 375
-
-
total
1 124
1 375
-
-
Income
27 500
27 500
27 500
27 500
Total tax
2 128
1 375
5 500
275
After tax
25 372
26 125
22 000
27 225
Living cost
4 016
4 016
4 016
4 016
Free-cash
21 356
22 109
17 984
23 209

Estimated living cost  is ₴4016 per week

₴2489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6903
₴2816
₴1589
₴3530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 493
other
-
-
-
1 306
health
-
-
-
1 210
pensions

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

-
-
-
6 600
total
-
-
-
12 609
Employee
18 125
-
21 965
-
unemployment
181
-
220
-
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.

1 268
-
1 538
-
income
3 120
-
3 781
-
health
254
-
308
-
total
4 823
-
5 847
-
Employer
18 125
-
21 965
-
health
254
-
308
-
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.

3 082
-
3 734
-
accident
145
-
175
-
unemployment
181
-
220
-
other
907
-
1 098
-
total
4 569
-
5 535
-
Corporate
4 807
27 500
-
-
income
1 010
5 775
-
-
total
1 010
5 775
-
-
Dividends
3 797
21 725
-
-
withholding
266
1 520
-
-
total
266
1 520
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 668
7 295
11 382
12 609
After tax
16 832
20 205
16 118
14 891
Living cost
13 302
13 302
13 302
13 302
Free-cash
3 530
6 903
2 816
1 589

Estimated living cost  is ₴13302 per week

₴9398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12688
-₴15355
-₴12606
-₴26060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 171
pensions
-
-
-
1 643
total
-
-
-
6 814
Employee
47 104
-
24 579
-
pensions
4 544
-
1 842
-
income
8 491
-
4 485
-
health
776
-
315
-
total
13 811
-
6 642
-
Employer
47 104
-
24 579
-
health
895
-
467
-
pensions
5 562
-
2 454
-
total
6 457
-
2 921
-
Corporate
-
27 500
-
-
income

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

-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
1 671
-
-
total
-
1 671
-
-
Income
27 500
27 500
27 500
27 500
Total tax
20 268
6 896
9 563
6 814
After tax
7 232
20 604
17 937
20 686
Living cost
33 292
33 292
33 292
33 292
Free-cash
-26 060
-12 688
-15 355
-12 606

Estimated living cost  is ₴33292 per week

₴24947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16969
₴12602
₴12176
₴14651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 125
unemployment
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
8 780
Employee
8 665
-
24 079
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

761
-
1 531
-
income
866
-
2 408
-
health
399
-
802
-
total
2 121
-
4 933
-
Employer
8 665
-
24 079
-
health
598
-
1 203
-
pensions

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

955
-
1 921
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
unemployment
52
-
105
-
total
1 700
-
3 421
-
Corporate
17 134
27 500
-
-
income
1 713
2 750
-
-
total
1 713
2 750
-
-
Dividends
15 421
24 750
-
-
withholding
771
1 237
-
-
total
771
1 237
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 305
3 987
8 354
8 780
After tax
21 195
23 513
19 146
18 720
Living cost
6 544
6 544
6 544
6 544
Free-cash
14 651
16 969
12 602
12 176

Estimated living cost  is ₴6544 per week

₴3821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26039
-₴28840
-₴11945
-₴26885
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 593
health
-
-
-
4 221
pensions
-
-
-
4 950
total
-
-
-
11 764
Employee
46 282
42 629
42 629
-
pensions
5 849
5 849
7 673
-
income

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

6 978
6 978
6 978
-
health
5 774
5 566
6 543
-
total
18 601
18 393
21 194
-
Employer
46 282
42 629
42 629
-
health
3 216
2 963
2 963
-
pensions
3 221
2 967
2 967
-
unemployment
1 666
1 535
1 535
-
total
8 103
7 465
7 465
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
26 704
25 858
28 659
11 764
After tax
796
1 642
-1 159
15 736
Living cost
27 681
27 681
27 681
27 681
Free-cash
-26 885
-26 039
-28 840
-11 945

Estimated living cost  is ₴27681 per week

₴20420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6701
₴1721
₴1161
₴2337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 364
social contributions
-
-
-
8 030
solidarity contribution
-
-
-
-
health
-
-
-
3 712
total
-
-
-
14 106
Employee
17 990
-
20 522
-
solidarity contribution
-
-
-
-
social contributions
1 169
-
1 334
-
income
2 159
-
2 463
-
health
2 429
-
2 771
-
total
5 757
-
6 568
-
Employer
17 990
-
20 522
-
health
1 619
-
1 847
-
social contributions
4 497
-
5 131
-
total
6 116
-
6 978
-
Corporate
3 394
27 500
-
-
income
645
5 225
-
-
total
645
5 225
-
-
Dividends
2 749
22 275
-
-
withholding
412
3 341
-
-
total
412
3 341
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 930
8 566
13 546
14 106
After tax
14 570
18 934
13 954
13 394
Living cost
12 233
12 233
12 233
12 233
Free-cash
2 337
6 701
1 721
1 161

Estimated living cost  is ₴12233 per week

₴8497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6391
-₴7574
-₴6021
-₴16866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
273
municipal
-
-
-
164
national
-
-
-
4 947
total
-
-
-
12 457
Employee
44 366
-
27 500
-
municipal
235
-
146
-
national
7 688
-
4 353
-
regional
419
-
238
-
social contributions
14 960
-
9 273
-
total
23 302
-
14 010
-
Employer
44 366
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
municipal
-
1 072
-
-
nationa
-
6 600
-
-
total
-
7 672
-
-
Dividends
-
19 828
-
-
withholding
-
5 155
-
-
total
-
5 155
-
-
Income
27 500
27 500
27 500
27 500
Total tax
23 302
12 827
14 010
12 457
After tax
4 198
14 673
13 490
15 043
Living cost
21 064
21 064
21 064
21 064
Free-cash
-16 866
-6 391
-7 574
-6 021

Estimated living cost  is ₴21064 per week

₴14683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4676
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6282
₴4036
₴4627
₴4727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 075
other
-
-
-
-
surtax
-
-
-
216
unemployment
-
-
-
114
health
-
-
-
1 952
pensions
-
-
-
5 500
total
-
-
-
11 857
Employee
16 508
-
22 718
-
other
-
-
-
-
unemployment
1 149
-
1 581
-
pensions
1 101
-
1 516
-
surtax
54
-
171
-
income
2 767
-
3 817
-
health
422
-
580
-
total
5 493
-
7 665
-
Employer
16 508
-
22 718
-
health
751
-
1 034
-
pensions
2 201
-
3 029
-
unemployment
523
-
720
-
other
-
-
-
-
total
3 475
-
4 783
-
Corporate
7 517
27 500
-
-
income
1 954
7 150
-
-
total
1 954
7 150
-
-
Dividends
5 563
20 350
-
-
withholding
835
3 052
-
-
total
835
3 052
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 757
10 202
12 448
11 857
After tax
15 743
17 298
15 052
15 643
Living cost
11 016
11 016
11 016
11 016
Free-cash
4 727
6 282
4 036
4 627

Estimated living cost  is ₴11016 per week

₴6735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
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.
₴3010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2141
-₴4808
-₴2059
-₴8084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 171
pensions
-
-
-
1 643
total
-
-
-
6 814
Employee
31 568
-
24 579
-
pensions
2 679
-
1 842
-
income
5 685
-
4 485
-
health
458
-
315
-
total
8 822
-
6 642
-
Employer
31 568
-
24 579
-
health
600
-
467
-
pensions
3 417
-
2 454
-
total
4 017
-
2 921
-
Corporate
-
27 500
-
-
income

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

-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
1 671
-
-
total
-
1 671
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 839
6 896
9 563
6 814
After tax
14 661
20 604
17 937
20 686
Living cost
22 745
22 745
22 745
22 745
Free-cash
-8 084
-2 141
-4 808
-2 059

Estimated living cost  is ₴22745 per week

₴17040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴26903
-₴17542
-₴16111
-₴23103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
560
health
-
-
-
129
city
-
-
-
289
national
-
-
-
74
pensions
-
-
-
2 530
total
-
-
-
4 132
Employee
46 201
-
24 600
-
unemployment
-
-
-
-
pensions
3 882
-
2 082
-
national
219
-
58
-
regional
1 513
-
473
-
city
496
-
264
-
health
104
-
56
-
total
6 214
-
2 933
-
Employer
46 201
-
24 600
-
health
104
-
56
-
pensions
3 882
-
2 082
-
unemployment
-
-
-
-
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.

924
-
492
-
total
4 910
-
2 630
-
Corporate
-
27 500
-
-
regional
-
5 816
-
-
national
-
2 337
-
-
total
-
8 153
-
-
Dividends
-
19 347
-
-
withholding
-
6 771
-
-
total
-
6 771
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 124
14 924
5 563
4 132
After tax
16 376
12 576
21 937
23 368
Living cost
39 479
39 479
39 479
39 479
Free-cash
-23 103
-26 903
-17 542
-16 111

Estimated living cost  is ₴39479 per week

₴25673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9183
-₴1725
-₴2461
-₴2500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
2 794
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.

-
-
-
153
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.

-
-
-
3 410
trade
-
-
-
736
total
-
-
-
7 093
Employee

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

30 001
-
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.

194
-
153
-
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.

3 528
-
2 794
-
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.

3 410
-
3 410
-
total
7 132
-
6 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
27 500
-
-
income
-
4 125
-
-
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.

-
226
-
-
chamber of commerce
-
115
-
-
trade
-
4 717
-
-
total
-
9 183
-
-
Dividends
-
18 318
-
-
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.

-
242
-
-
withholding
-
4 390
-
-
total
-
4 632
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 132
13 815
6 357
7 093
After tax
20 368
13 685
21 143
20 407
Living cost
22 868
22 868
22 868
22 868
Free-cash
-2 500
-9 183
-1 725
-2 461

Estimated living cost  is ₴22868 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3220
-₴302
-₴574
-₴537
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 172
other
-
-
-
853
surtax
-
-
-
-
social contributions
-
-
-
784
health
-
-
-
239
pensions
-
-
-
7 947
total
-
-
-
10 995
Employee
21 365
-
20 956
-
pensions
2 416
-
2 369
-
surtax
-
-
-
-
social contributions
609
-
598
-
income
1 261
-
1 212
-
total
4 286
-
4 179
-
Employer
21 365
-
20 956
-
health
1 496
-
1 466
-
pensions
3 510
-
3 443
-
unemployment
865
-
849
-
social contributions
64
-
63
-
other
737
-
723
-
total
6 672
-
6 544
-
Corporate
-
27 500
-
-
income
-
7 700
-
-
surtax
-
-
-
-
total
-
7 700
-
-
Dividends
-
19 800
-
-
surtax
-
-
-
-
social contributions
-
3 407
-
-
withholding
-
2 534
-
-
total
-
5 941
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 958
13 641
10 723
10 995
After tax
16 542
13 859
16 777
16 505
Living cost
17 079
17 079
17 079
17 079
Free-cash
-537
-3 220
-302
-574

Estimated living cost  is ₴17079 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1528
₴1390
₴1118
₴1247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 172
other
-
-
-
853
surtax
-
-
-
-
social contributions
-
-
-
784
health
-
-
-
239
pensions
-
-
-
7 947
total
-
-
-
10 995
Employee
19 071
-
20 956
-
pensions
2 157
-
2 369
-
surtax
-
-
-
-
social contributions
544
-
598
-
income
983
-
1 212
-
total
3 684
-
4 179
-
Employer
19 071
-
20 956
-
health
1 335
-
1 466
-
pensions
3 134
-
3 443
-
unemployment
772
-
849
-
social contributions
57
-
63
-
other
658
-
723
-
total
5 956
-
6 544
-
Corporate
2 473
27 500
-
-
income
692
7 700
-
-
surtax
-
-
-
-
total
692
7 700
-
-
Dividends
1 781
19 800
-
-
surtax
-
-
-
-
social contributions
306
3 407
-
-
withholding
228
2 534
-
-
total
534
5 941
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 866
13 641
10 723
10 995
After tax
16 634
13 859
16 777
16 505
Living cost
15 387
15 387
15 387
15 387
Free-cash
1 247
-1 528
1 390
1 118

Estimated living cost  is ₴15387 per week

₴8924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
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.
₴4609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6191
₴5945
₴7076
₴6452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 125
social contributions
-
-
-
3 795
health
-
-
-
1 919
total
-
-
-
9 839
Employee
16 926
-
27 500
-
social contributions
2 336
-
3 795
-
income
2 823
-
5 256
-
health
1 181
-
1 919
-
total
6 340
-
10 970
-
Employer
16 926
-
27 500
-
total
-
-
-
-
Corporate
10 574
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%.

529
1 375
-
-
total
529
1 375
-
-
Dividends
10 046
26 125
-
-
social contributions
1 386
3 606
-
-
withholding
1 507
3 919
-
-
health
701
1 824
-
-
total
3 594
9 349
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 463
10 724
10 970
9 839
After tax
17 037
16 776
16 530
17 661
Living cost
10 585
10 585
10 585
10 585
Free-cash
6 452
6 191
5 945
7 076

Estimated living cost  is ₴10585 per week

₴7084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1819
-₴6799
-₴2278
-₴5198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 726
surtax
-
-
-
99
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
110
health
-
-
-
2 104
pensions
-
-
-
5 087
total
-
-
-
12 188
Employee
24 948
19 894
21 277
-
other
249
199
213
-
unemployment
748
597
638
-
pensions
2 555
2 037
2 179
-
income
2 840
1 467
1 788
-
health
965
770
823
-
total
7 357
5 070
5 641
-
Employer
24 948
19 894
21 277
-
chamber of commerce
99
80
85
-
health
943
752
804
-
pensions
3 131
2 497
2 670
-
accident
324
259
277
-
unemployment
748
597
638
-
surtax
99
99
99
-
payroll
748
597
638
-
other
1 185
944
1 011
-
total
7 277
5 825
6 222
-
Corporate
1 895
1 895
19 382
-
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.

474
474
4 846
-
total
474
474
4 846
-
Dividends
-
1 308
-
-
withholding
-
360
-
-
total
-
360
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 108
11 729
16 709
12 188
After tax
12 392
15 771
10 791
15 312
Living cost
17 590
17 590
17 590
17 590
Free-cash
-5 198
-1 819
-6 799
-2 278

Estimated living cost  is ₴17590 per week

₴11732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2696
-₴6319
-₴3246
-₴18602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
1 466
social contributions
-
-
-
3 080
national
-
-
-
7 999
total
-
-
-
12 545
Employee

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

35 708
-
21 301
-
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.

311
-
186
-
communal

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

1 862
-
1 111
-
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.

2 678
-
1 597
-
national
10 978
-
5 523
-
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.

1 678
-
1 001
-
total
17 507
-
9 418
-
Employer

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

35 708
-
21 301
-
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.

2 196
-
1 309
-
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.

3 164
-
1 887
-
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.

464
-
277
-
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.

521
-
311
-
surtax
4 049
-
2 416
-
total
10 394
-
6 200
-
Corporate
-
27 500
-
-
income
-
5 500
-
-
surtax
-
110
-
-
total
-
5 610
-
-
Dividends
-
21 890
-
-
withholding

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

-
6 385
-
-
total
-
6 385
-
-
Income
27 500
27 500
27 500
27 500
Total tax
27 901
11 995
15 618
12 545
After tax
-401
15 505
11 882
14 955
Living cost
18 201
18 201
18 201
18 201
Free-cash
-18 602
-2 696
-6 319
-3 246

Estimated living cost  is ₴18201 per week

₴11724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1591
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.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴552
-₴2620
-₴2813
-₴5271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
247
income
-
-
-
4 037
other
-
-
-
27
unemployment
-
-
-
192
pensions
-
-
-
7 782
total
-
-
-
12 285
Employee
24 849
-
20 852
-
other
25
-
21
-
unemployment
386
-
323
-
pensions
1 168
-
980
-
income
5 243
-
4 120
-
total
6 822
-
5 444
-
Employer
24 849
-
20 852
-
pensions
5 864
-
4 921
-
accident
492
-
413
-
unemployment
1 367
-
1 147
-
other
198
-
167
-
total
7 921
-
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
-
4 795
-
-
total
-
4 795
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 743
8 920
12 092
12 285
After tax
12 757
18 580
15 408
15 215
Living cost
18 028
18 028
18 028
18 028
Free-cash
-5 271
552
-2 620
-2 813

Estimated living cost  is ₴18028 per week

₴13276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9826
-₴8290
-₴8854
-₴14819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
-
accident
-
-
-
247
income
-
-
-
1 062
surtax
-
-
-
1 455
health
-
-
-
2 062
pensions
-
-
-
4 400
total
-
-
-
9 226
Employee
37 804
-
24 565
-
pensions
3 024
-
1 965
-
surtax
2 317
-
1 505
-
income
3 651
-
1 164
-
health
1 682
-
1 093
-
total
10 674
-
5 727
-
Employer
37 804
-
24 565
-
health
1 153
-
749
-
pensions
3 024
-
1 965
-
accident
340
-
221
-
total
4 517
-
2 935
-
Corporate
-
27 500
-
-
communal
-
1 856
-
-
income
-
4 125
-
-
surtax
-
289
-
-
total
-
6 270
-
-
Dividends
-
21 231
-
-
income
-
743
-
-
withholding
-
3 185
-
-
total
-
3 928
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 191
10 198
8 662
9 226
After tax
12 309
17 302
18 838
18 274
Living cost
27 128
27 128
27 128
27 128
Free-cash
-14 819
-9 826
-8 290
-8 854

Estimated living cost  is ₴27128 per week

₴20350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
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.
₴4846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6085
₴3839
₴4430
₴4497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 075
other
-
-
-
-
surtax
-
-
-
216
unemployment
-
-
-
114
health
-
-
-
1 952
pensions
-
-
-
5 500
total
-
-
-
11 857
Employee
16 811
-
22 718
-
other
-
-
-
-
unemployment
1 170
-
1 581
-
pensions
1 122
-
1 516
-
surtax
60
-
171
-
income
2 818
-
3 817
-
health
429
-
580
-
total
5 599
-
7 665
-
Employer
16 811
-
22 718
-
health
764
-
1 034
-
pensions
2 241
-
3 029
-
unemployment
533
-
720
-
other
-
-
-
-
total
3 538
-
4 783
-
Corporate
7 150
27 500
-
-
income
1 859
7 150
-
-
total
1 859
7 150
-
-
Dividends
5 291
20 350
-
-
withholding
794
3 052
-
-
total
794
3 052
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 790
10 202
12 448
11 857
After tax
15 710
17 298
15 052
15 643
Living cost
11 213
11 213
11 213
11 213
Free-cash
4 497
6 085
3 839
4 430

Estimated living cost  is ₴11213 per week

₴6770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1007
-₴89
₴1455
-₴192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
414
municipal
-
-
-
164
national
-
-
-
4 947
total
-
-
-
12 598
Employee
27 691
-
27 500
-
municipal
147
-
146
-
national
4 387
-
4 353
-
regional
373
-
370
-
social contributions
9 338
-
9 273
-
total
14 245
-
14 142
-
Employer
27 691
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
municipal
-
1 367
-
-
nationa
-
6 600
-
-
total
-
7 967
-
-
Dividends
-
19 533
-
-
withholding
-
5 079
-
-
total
-
5 079
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 245
13 046
14 142
12 598
After tax
13 255
14 454
13 358
14 902
Living cost
13 447
13 447
13 447
13 447
Free-cash
-192
1 007
-89
1 455

Estimated living cost  is ₴13447 per week

₴8363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3860
-₴1120
-₴1680
-₴2205
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 364
social contributions
-
-
-
8 030
solidarity contribution
-
-
-
-
health
-
-
-
3 712
total
-
-
-
14 106
Employee
22 168
-
20 522
-
solidarity contribution
-
-
-
-
social contributions
1 441
-
1 334
-
income
2 660
-
2 463
-
health
2 993
-
2 771
-
total
7 094
-
6 568
-
Employer
22 168
-
20 522
-
health
1 995
-
1 847
-
social contributions
5 542
-
5 131
-
total
7 537
-
6 978
-
Corporate
-
27 500
-
-
income
-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
3 341
-
-
total
-
3 341
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 631
8 566
13 546
14 106
After tax
12 869
18 934
13 954
13 394
Living cost
15 074
15 074
15 074
15 074
Free-cash
-2 205
3 860
-1 120
-1 680

Estimated living cost  is ₴15074 per week

₴11210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴835
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.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴83
-₴5111
-₴515
-₴1076
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 726
surtax
-
-
-
-
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
110
health
-
-
-
2 104
pensions
-
-
-
5 087
total
-
-
-
12 089
Employee
21 821
19 894
21 355
-
other
218
199
213
-
unemployment
655
597
640
-
pensions
2 235
2 037
2 186
-
income
1 944
1 467
1 810
-
health
844
770
826
-
total
5 896
5 070
5 675
-
Employer
21 821
19 894
21 355
-
chamber of commerce
87
80
85
-
health
825
752
807
-
pensions
2 739
2 497
2 680
-
accident
283
259
278
-
unemployment
655
597
640
-
surtax
-
-
-
-
payroll
655
597
640
-
other
1 036
944
1 015
-
total
6 280
5 726
6 145
-
Corporate
1 895
1 895
19 460
-
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.

474
474
4 865
-
total
474
474
4 865
-
Dividends
-
1 407
-
-
withholding
-
387
-
-
total
-
387
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 650
11 657
16 685
12 089
After tax
14 850
15 843
10 815
15 411
Living cost
15 926
15 926
15 926
15 926
Free-cash
-1 076
-83
-5 111
-515

Estimated living cost  is ₴15926 per week

₴9554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19867
₴15742
₴20967
₴18693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
27 500
microenterprise

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

-
-
-
275
total
-
-
-
275
Employee
7 822
-
27 500
-
income
1 565
-
5 500
-
total
1 565
-
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%.

19 678
27 500
-
-
total
-
-
-
-
Dividends
19 678
27 500
-
-
withholding
984
1 375
-
-
total
984
1 375
-
-
Income
27 500
27 500
27 500
27 500
Total tax
2 549
1 375
5 500
275
After tax
24 951
26 125
22 000
27 225
Living cost
6 258
6 258
6 258
6 258
Free-cash
18 693
19 867
15 742
20 967

Estimated living cost  is ₴6258 per week

₴4235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5544
₴977
₴1821
₴1368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
4 519
unemployment
-
-
-
42
health
-
-
-
2 706
pensions
-
-
-
5 022
total
-
-
-
12 289
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.

22 075
-
23 795
-
unemployment
31
-
33
-
pensions
3 422
-
3 688
-
income
3 807
-
4 169
-
health
1 426
-
1 538
-
total
8 686
-
9 428
-
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.

22 075
-
23 795
-
health
1 470
-
1 585
-
pensions
1 953
-
2 106
-
unemployment
13
-
14
-
total
3 436
-
3 705
-
Corporate
1 988
27 500
-
-
income
378
5 225
-
-
total
378
5 225
-
-
Dividends
1 610
22 275
-
-
withholding
242
3 341
-
-
total
242
3 341
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 742
8 566
13 133
12 289
After tax
14 758
18 934
14 367
15 211
Living cost
13 390
13 390
13 390
13 390
Free-cash
1 368
5 544
977
1 821

Estimated living cost  is ₴13390 per week

₴9189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4604
-₴338
-₴2329
-₴46224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 360
social contributions
-
-
-
3 135
total
-
-
-
8 495
Employee
30 591
-
-
-
social contributions
2 508
-
357
-
income
6 748
-
-
-
total
9 256
-
357
-
Employer
30 591
-
-
-
social contributions
43 133
-
6 147
-
total
43 133
-
6 147
-
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
52 389
10 769
6 504
8 495
After tax
-24 889
16 731
20 996
19 005
Living cost
21 335
21 335
21 335
21 335
Free-cash
-46 224
-4 604
-338
-2 329

Estimated living cost  is ₴21335 per week

₴13843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16
-₴426
₴259
-₴913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 026
surtax
-
-
-
-
social contributions

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

-
-
-
9 557
total
-
-
-
11 583
Employee
22 959
-
22 222
-
surtax
-
-
-
-
social contributions
2 526
-
2 444
-
income
4 776
-
4 546
-
total
7 302
-
6 990
-
Employer
22 959
-
22 222
-
social contributions
5 453
-
5 278
-
total
5 453
-
5 278
-
Corporate
-
27 500
-
-
income
-
5 775
-
-
surtax
-
-
-
-
total
-
5 775
-
-
Dividends
-
21 725
-
-
withholding
-
6 083
-
-
total
-
6 083
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 755
11 858
12 268
11 583
After tax
14 745
15 642
15 232
15 917
Living cost
15 658
15 658
15 658
15 658
Free-cash
-913
-16
-426
259

Estimated living cost  is ₴15658 per week

₴11716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
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.
₴2758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10252
-₴7334
-₴7606
-₴13530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 172
other
-
-
-
853
surtax
-
-
-
-
social contributions
-
-
-
784
health
-
-
-
239
pensions
-
-
-
7 947
total
-
-
-
10 995
Employee
31 266
-
20 956
-
pensions
3 536
-
2 369
-
surtax
-
-
-
-
social contributions
890
-
598
-
income
2 728
-
1 212
-
total
7 154
-
4 179
-
Employer
31 266
-
20 956
-
health
2 188
-
1 466
-
pensions
5 137
-
3 443
-
unemployment
1 267
-
849
-
social contributions
94
-
63
-
other
1 079
-
723
-
total
9 765
-
6 544
-
Corporate
-
27 500
-
-
income
-
7 700
-
-
surtax
-
-
-
-
total
-
7 700
-
-
Dividends
-
19 800
-
-
surtax
-
-
-
-
social contributions
-
3 407
-
-
withholding
-
2 534
-
-
total
-
5 941
-
-
Income
27 500
27 500
27 500
27 500
Total tax
16 919
13 641
10 723
10 995
After tax
10 581
13 859
16 777
16 505
Living cost
24 111
24 111
24 111
24 111
Free-cash
-13 530
-10 252
-7 334
-7 606

Estimated living cost  is ₴24111 per week

₴16318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9744
₴7256
₴6443
₴8067
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 051
total
-
-
-
6 051
Employee
16 049
-
23 810
-
income
-
-
-
-
social contributions
1 043
-
1 548
-
total
1 043
-
1 548
-
Employer
16 049
-
23 810
-
social contributions
2 488
-
3 690
-
total
2 488
-
3 690
-
Corporate
8 964
27 500
-
-
income
896
2 750
-
-
total
896
2 750
-
-
Dividends
8 067
24 750
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
4 427
2 750
5 238
6 051
After tax
23 073
24 750
22 262
21 449
Living cost
15 006
15 006
15 006
15 006
Free-cash
8 067
9 744
7 256
6 443

Estimated living cost  is ₴15006 per week

₴9702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴81257
-₴81257
-₴6114
-₴81257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 165
municipal
-
-
-
4 401
national
-
-
-
2 575
pensions
-
-
-
433
total
-
-
-
9 574
Employee
101 467
101 467
101 467
-
municipal
21 607
21 607
21 607
-
labour market
8 106
8 106
8 106
-
pensions
144
144
144
-
national
12 396
12 396
12 396
-
total
42 253
42 253
42 253
-
Employer
101 467
101 467
101 467
-
national
12 418
12 418
12 418
-
labour market
8 117
8 117
8 117
-
pensions
288
288
288
-
municipal
21 641
21 641
21 641
-
total
42 464
42 464
42 464
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
84 717
84 717
84 717
9 574
After tax
-57 217
-57 217
-57 217
17 926
Living cost
24 040
24 040
24 040
24 040
Free-cash
-81 257
-81 257
-81 257
-6 114

Estimated living cost  is ₴24040 per week

₴16453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8702
₴3594
₴8091
₴552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
127
income
-
-
-
4 968
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
8 480
Employee
17 191
-
22 844
-
pensions
1 936
-
2 572
-
income
2 358
-
3 134
-
health
1 969
-
2 616
-
total
6 263
-
8 322
-
Employer
17 191
-
22 844
-
pensions
2 795
-
3 714
-
accident
287
-
381
-
unemployment
421
-
560
-
total
3 503
-
4 655
-
Corporate
6 805
27 500
-
-
income

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

6 124
24 750
-
-
total
6 124
24 750
-
-
Dividends
681
2 750
-
-
withholding
129
523
-
-
total
129
523
-
-
Income
27 500
27 500
27 500
27 500
Total tax
16 019
25 273
12 977
8 480
After tax
11 481
2 227
14 523
19 020
Living cost
10 929
10 929
10 929
10 929
Free-cash
552
-8 702
3 594
8 091

Estimated living cost  is ₴10929 per week

₴7955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴136
-₴2146
₴2316
-₴3721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
215
municipal
-
-
-
4 911
national
-
-
-
892
total
-
-
-
6 018
Employee
26 264
-
23 135
-
municipal
4 302
-
3 794
-
unemployment
394
-
347
-
pensions
1 772
-
1 561
-
national
434
-
264
-
health
196
-
148
-
total
7 098
-
6 114
-
Employer
26 264
-
23 135
-
health
202
-
178
-
pensions
4 557
-
4 014
-
accident
27
-
23
-
unemployment
171
-
151
-
total
4 957
-
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
-
-
municipal
-
2 970
-
-
national
-
-
-
-
total
-
2 970
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 055
8 470
10 480
6 018
After tax
15 445
19 030
17 020
21 482
Living cost
19 166
19 166
19 166
19 166
Free-cash
-3 721
-136
-2 146
2 316

Estimated living cost  is ₴19166 per week

₴12519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1843
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.
₴4499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4654
₴6956
₴10144
₴5984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
807
social contributions
-
-
-
4 290
health
-
-
-
701
total
-
-
-
5 798
Employee
38 386
38 386
38 386
-
social contributions
1 451
3 186
2 072
-
income
4 180
3 553
3 956
-
health
297
653
424
-
total
5 928
7 392
6 452
-
Employer
38 386
38 386
38 386
-
health
323
710
462
-
social contributions
1 451
3 186
2 072
-
total
1 774
3 896
2 534
-
Corporate
8 240
-
-
-
income
1 030
-
-
-
total
1 030
-
-
-
Dividends
7 210
-
-
-
withholding
1 226
-
-
-
total
1 226
-
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 958
11 288
8 986
5 798
After tax
17 542
16 212
18 514
21 702
Living cost
11 558
11 558
11 558
11 558
Free-cash
5 984
4 654
6 956
10 144

Estimated living cost  is ₴11558 per week

₴6927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
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.
₴3242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14847
₴9114
₴12279
₴12307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 299
unemployment
-
-
-
14
health
-
-
-
1 807
pensions
-
-
-
3 175
total
-
-
-
7 295
Employee

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

11 458
-
24 931
-
unemployment
57
-
125
-
pensions
1 718
-
3 740
-
income
783
-
1 908
-
health
974
-
2 119
-
total
3 532
-
7 892
-
Employer

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

11 458
-
24 931
-
health
493
-
1 072
-
pensions
630
-
1 371
-
unemployment
57
-
125
-
total
1 180
-
2 568
-
Corporate
14 862
27 500
-
-
income
1 338
2 475
-
-
total
1 338
2 475
-
-
Dividends
13 525
25 025
-
-
withholding
1 217
2 252
-
-
total
1 217
2 252
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 267
4 727
10 460
7 295
After tax
20 233
22 773
17 040
20 205
Living cost
7 926
7 926
7 926
7 926
Free-cash
12 307
14 847
9 114
12 279

Estimated living cost  is ₴7926 per week

₴5057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
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.
₴2061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4853
₴1681
₴1488
₴2172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
247
income
-
-
-
4 037
other
-
-
-
27
unemployment
-
-
-
192
pensions
-
-
-
7 782
total
-
-
-
12 285
Employee
18 458
-
20 852
-
other
18
-
21
-
unemployment
286
-
323
-
pensions
868
-
980
-
income
3 559
-
4 120
-
total
4 731
-
5 444
-
Employer
18 458
-
20 852
-
pensions
4 356
-
4 921
-
accident
366
-
413
-
unemployment
1 016
-
1 147
-
other
148
-
167
-
total
5 886
-
6 648
-
Corporate
3 157
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.

474
4 125
-
-
total
474
4 125
-
-
Dividends
2 683
23 375
-
-
withholding
510
4 795
-
-
total
510
4 795
-
-
Income
27 500
27 500
27 500
27 500
Total tax
11 601
8 920
12 092
12 285
After tax
15 899
18 580
15 408
15 215
Living cost
13 727
13 727
13 727
13 727
Free-cash
2 172
4 853
1 681
1 488

Estimated living cost  is ₴13727 per week

₴9266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Valencia model

Close
Istanbul , Turkey
₴16152
₴16204
₴16275
₴15986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 949
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
10 217
Employee
1 535
-
26 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
8 910
-
health
77
-
184
-
total
527
-
9 462
-
Employer
1 535
-
26 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
73
-
total
346
-
826
-
Corporate
25 620
27 500
-
-
income
5 636
6 050
-
-
total
5 636
6 050
-
-
Dividends
19 984
21 450
-
-
withholding
3 997
4 290
-
-
total
3 997
4 290
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 506
10 340
10 288
10 217
After tax
16 994
17 160
17 212
17 283
Living cost
1 008
1 008
1 008
1 008
Free-cash
15 986
16 152
16 204
16 275

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11235
₴6192
₴5008
₴8778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 464
unemployment
-
-
-
412
health
-
-
-
2 832
pensions
-
-
-
7 150
total
-
-
-
13 858
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.

13 019
-
23 325
-
unemployment
98
-
175
-
pensions
1 823
-
3 265
-
income
1 795
-
3 858
-
health
670
-
1 201
-
total
4 386
-
8 499
-
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.

13 019
-
23 325
-
health
670
-
1 201
-
pensions
1 562
-
2 799
-
unemployment
98
-
175
-
total
2 330
-
4 175
-
Corporate
12 150
27 500
-
-
income
1 823
4 125
-
-
total
1 823
4 125
-
-
Dividends
10 328
23 375
-
-
withholding
1 549
3 506
-
-
total
1 549
3 506
-
-
Income
27 500
27 500
27 500
27 500
Total tax
10 088
7 631
12 674
13 858
After tax
17 412
19 869
14 826
13 642
Living cost
8 634
8 634
8 634
8 634
Free-cash
8 778
11 235
6 192
5 008

Estimated living cost  is ₴8634 per week

₴5813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
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.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2184
₴1774
₴2459
₴2004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 026
surtax
-
-
-
-
social contributions

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

-
-
-
9 557
total
-
-
-
11 583
Employee
19 375
-
22 222
-
surtax
-
-
-
-
social contributions
2 131
-
2 444
-
income
3 786
-
4 546
-
total
5 917
-
6 990
-
Employer
19 375
-
22 222
-
social contributions
4 601
-
5 278
-
total
4 601
-
5 278
-
Corporate
3 524
27 500
-
-
income
740
5 775
-
-
surtax
-
-
-
-
total
740
5 775
-
-
Dividends
2 784
21 725
-
-
withholding
780
6 083
-
-
total
780
6 083
-
-
Income
27 500
27 500
27 500
27 500
Total tax
12 038
11 858
12 268
11 583
After tax
15 462
15 642
15 232
15 917
Living cost
13 458
13 458
13 458
13 458
Free-cash
2 004
2 184
1 774
2 459

Estimated living cost  is ₴13458 per week

₴9532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴1036
-₴2136
-₴2329
-₴4295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
accident
-
-
-
247
income
-
-
-
4 037
other
-
-
-
27
unemployment
-
-
-
192
pensions
-
-
-
7 782
total
-
-
-
12 285
Employee
24 109
-
20 852
-
other
24
-
21
-
unemployment
373
-
323
-
pensions
1 133
-
980
-
income
5 035
-
4 120
-
total
6 565
-
5 444
-
Employer
24 109
-
20 852
-
pensions
5 690
-
4 921
-
accident
477
-
413
-
unemployment
1 326
-
1 147
-
other
193
-
167
-
total
7 686
-
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
-
4 795
-
-
total
-
4 795
-
-
Income
27 500
27 500
27 500
27 500
Total tax
14 251
8 920
12 092
12 285
After tax
13 249
18 580
15 408
15 215
Living cost
17 544
17 544
17 544
17 544
Free-cash
-4 295
1 036
-2 136
-2 329

Estimated living cost  is ₴17544 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴3334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14927
₴10560
₴10134
₴11884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 125
unemployment
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
8 780
Employee
11 369
-
24 079
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

998
-
1 531
-
income
1 137
-
2 408
-
health
523
-
802
-
total
2 783
-
4 933
-
Employer
11 369
-
24 079
-
health
785
-
1 203
-
pensions

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

1 253
-
1 921
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 231
-
3 421
-
Corporate
13 900
27 500
-
-
income
1 390
2 750
-
-
total
1 390
2 750
-
-
Dividends
12 510
24 750
-
-
withholding
626
1 237
-
-
total
626
1 237
-
-
Income
27 500
27 500
27 500
27 500
Total tax
7 030
3 987
8 354
8 780
After tax
20 470
23 513
19 146
18 720
Living cost
8 586
8 586
8 586
8 586
Free-cash
11 884
14 927
10 560
10 134

Estimated living cost  is ₴8586 per week

₴5679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5022
₴1870
₴1254
₴1510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
2 794
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.

-
-
-
153
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.

-
-
-
3 410
trade
-
-
-
616
total
-
-
-
6 973
Employee

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

24 838
-
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.

113
-
153
-
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.

2 042
-
2 794
-
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.

3 410
-
3 410
-
total
5 565
-
6 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 662
27 500
-
-
income
399
4 125
-
-
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.

22
226
-
-
chamber of commerce
80
117
-
-
trade
382
3 947
-
-
total
883
8 415
-
-
Dividends
1 780
19 086
-
-
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.

14
252
-
-
withholding
255
4 582
-
-
total
269
4 834
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 717
13 249
6 357
6 973
After tax
20 783
14 251
21 143
20 527
Living cost
19 273
19 273
19 273
19 273
Free-cash
1 510
-5 022
1 870
1 254

Estimated living cost  is ₴19273 per week

₴13295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
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.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9186
-₴6846
-₴6846
-₴11548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 937
social contributions
-
-
-
1 973
total
-
-
-
5 910
Employee
39 048
-
27 500
-
income
7 368
-
3 937
-
social contributions
3 244
-
1 973
-
total
10 612
-
5 910
-
Employer
39 048
-
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
10 612
8 250
5 910
5 910
After tax
16 888
19 250
21 590
21 590
Living cost
28 436
28 436
28 436
28 436
Free-cash
-11 548
-9 186
-6 846
-6 846

Estimated living cost  is ₴28436 per week

₴21634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2883
₴1727
-₴7851
₴9
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 210
health

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

-
-
-
3 020
total
-
-
-
17 230
Employee
22 900
-
25 204
-
income
2 485
-
3 060
-
social contributions
2 294
-
2 296
-
total
4 779
-
5 356
-
Employer
22 900
-
25 204
-
social contributions
2 294
-
2 296
-
total
2 294
-
2 296
-
Corporate
2 305
27 500
-
-
income
807
9 625
-
-
total
807
9 625
-
-
Dividends
1 498
17 875
-
-
social contributions
1 490
2 637
-
-
total
1 490
2 637
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 370
12 262
7 652
17 230
After tax
18 130
15 238
19 848
10 270
Living cost
18 121
18 121
18 121
18 121
Free-cash
9
-2 883
1 727
-7 851

Estimated living cost  is ₴18121 per week

₴11936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
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.
₴4478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2113
-₴554
₴2195
-₴927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 171
pensions
-
-
-
1 643
total
-
-
-
6 814
Employee
25 381
-
24 579
-
pensions
1 937
-
1 842
-
income
4 622
-
4 485
-
health
331
-
315
-
total
6 890
-
6 642
-
Employer
25 381
-
24 579
-
health
482
-
467
-
pensions
2 564
-
2 454
-
total
3 046
-
2 921
-
Corporate
-
27 500
-
-
income

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

-
5 225
-
-
total
-
5 225
-
-
Dividends
-
22 275
-
-
withholding
-
1 671
-
-
total
-
1 671
-
-
Income
27 500
27 500
27 500
27 500
Total tax
9 936
6 896
9 563
6 814
After tax
17 564
20 604
17 937
20 686
Living cost
18 491
18 491
18 491
18 491
Free-cash
-927
2 113
-554
2 195

Estimated living cost  is ₴18491 per week

₴12684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9784
₴2512
₴7009
₴386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
27 500
accident
-
-
-
127
income
-
-
-
4 968
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
8 480
Employee
18 893
-
22 844
-
pensions
2 127
-
2 572
-
income
2 592
-
3 134
-
health
2 163
-
2 616
-
total
6 882
-
8 322
-
Employer
18 893
-
22 844
-
pensions
3 072
-
3 714
-
accident
315
-
381
-
unemployment
463
-
560
-
total
3 850
-
4 655
-
Corporate
4 757
27 500
-
-
income

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

4 281
24 750
-
-
total
4 281
24 750
-
-
Dividends
476
2 750
-
-
withholding
90
523
-
-
total
90
523
-
-
Income
27 500
27 500
27 500
27 500
Total tax
15 103
25 273
12 977
8 480
After tax
12 397
2 227
14 523
19 020
Living cost
12 011
12 011
12 011
12 011
Free-cash
386
-9 784
2 512
7 009

Estimated living cost  is ₴12011 per week

₴8814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16631
₴9573
₴9573
₴14204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 620
unemployment
-
-
-
330
work injury
-
-
-
138
health insurance
-
-
-
2 035
pensions
-
-
-
5 060
total
-
-
-
11 183
Employee

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

10 790
-
27 500
-
health insurance
798
-
2 035
-
unemployment
129
-
330
-
work injury
54
-
138
-
pensions
1 985
-
5 060
-
income
1 079
-
3 620
-
total
4 045
-
11 183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 710
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
16 710
27 500
-
-
withholding
2 507
4 125
-
-
total
2 507
4 125
-
-
Income
27 500
27 500
27 500
27 500
Total tax
6 552
4 125
11 183
11 183
After tax
20 948
23 375
16 317
16 317
Living cost
6 744
6 744
6 744
6 744
Free-cash
14 204
16 631
9 573
9 573

Estimated living cost  is ₴6744 per week

₴4178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5401
-₴6533
-₴5006
-₴14566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
415
municipal
-
-
-
184
national
-
-
-
4 947
total
-
-
-
12 619
Employee
42 066
-
27 500
-
municipal
251
-
164
-
national
7 109
-
4 353
-
regional
635
-
356
-
social contributions
14 184
-
9 273
-
total
22 179
-
14 146
-
Employer
42 066
-
27 500
-
total
-
-
-
-
Corporate
-
27 500
-
-
municipal
-
1 325
-
-
nationa
-
6 600
-
-
total
-
7 925
-
-
Dividends
-
19 575
-
-
withholding
-
5 089
-
-
total
-
5 089
-
-
Income
27 500
27 500
27 500
27 500
Total tax
22 179
13 014
14 146
12 619
After tax
5 321
14 486
13 354
14 881
Living cost
19 887
19 887
19 887
19 887
Free-cash
-14 566
-5 401
-6 533
-5 006

Estimated living cost  is ₴19887 per week

₴13969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
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.
₴4249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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