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
₴ 28000
per

Your estimated
City
free-cash

Dresden , Germany
₴5910
-₴1426
₴5284
₴4291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
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.

-
-
-
3 530
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.

-
-
-
2 757
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.

-
-
-
152
trade
-
-
-
626
total
-
-
-
7 065
Employee

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

19 764
-
28 000
-
surtax

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

30
-
152
-
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.

552
-
2 757
-
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.

3 530
-
3 530
-
total
4 112
-
6 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 236
28 000
-
-
chamber of commerce
90
119
-
-
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.

68
231
-
-
trade
1 297
4 410
-
-
income
1 236
4 200
-
-
total
2 691
8 960
-
-
Dividends
5 545
19 040
-
-
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.

66
251
-
-
withholding
1 189
4 564
-
-
total
1 255
4 815
-
-
Income
28 000
28 000
28 000
28 000
Total tax
8 058
13 775
6 439
7 065
After tax
19 942
14 225
21 561
20 935
Living cost
15 652
15 652
15 652
15 652
Free-cash
4 291
-1 426
5 910
5 284

Estimated living cost  is ₴15652 per week

₴9845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9307
-₴9779
-₴9528
-₴18079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
301
pensions
-
-
-
3 360
national
-
-
-
4 021
municipal
-
-
-
2 595
total
-
-
-
10 277
Employee
42 244
-
24 206
-
municipal
5 218
-
2 703
-
national
8 086
-
4 189
-
pensions
1 690
-
968
-
total
14 994
-
7 860
-
Employer
42 244
-
24 206
-
pensions
3 380
-
1 936
-
social contributions
454
-
260
-
total
3 834
-
2 196
-
Corporate
-
28 000
-
-
income

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

-
5 600
-
-
total
-
5 600
-
-
Dividends
-
22 400
-
-
withholding
-
4 928
-
-
total
-
4 928
-
-
Income
28 000
28 000
28 000
28 000
Total tax
18 828
10 528
10 056
10 277
After tax
9 172
17 472
17 944
17 723
Living cost
27 251
27 251
27 251
27 251
Free-cash
-18 079
-9 779
-9 307
-9 528

Estimated living cost  is ₴27251 per week

₴18522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5303
₴11650
₴11423
₴7412
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
social contributions

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

-
-
-
1 627
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
4 200
total
-
-
-
5 827
Employee
15 099
-
22 565
-
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.

1 661
-
2 482
-
income
2 688
-
4 030
-
total
4 349
-
6 512
-
Employer
15 099
-
22 565
-
surtax
-
-
-
-
social contributions

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

3 637
-
5 435
-
total
3 637
-
5 435
-
Corporate
9 264
28 000
-
-
income

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

1 852
5 600
-
-
total
1 852
5 600
-
-
Dividends

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

7 411
22 400
-
-
total
-
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
9 838
5 600
11 947
5 827
After tax
18 162
22 400
16 053
22 173
Living cost
10 750
10 750
10 750
10 750
Free-cash
7 412
11 650
5 303
11 423

Estimated living cost  is ₴10750 per week

₴6858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23313
-₴20412
-₴5621
-₴23313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
4 298
income
-
-
-
2 636
pensions
-
-
-
5 040
total
-
-
-
11 974
Employee
44 127
44 127
44 127
-
income

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

7 223
7 223
7 223
-
pensions
7 943
6 054
7 943
-
health
6 773
5 761
6 773
-
total
21 939
19 038
21 939
-
Employer
44 127
44 127
44 127
-
unemployment
1 589
1 589
1 589
-
health
3 067
3 067
3 067
-
pensions
3 071
3 071
3 071
-
total
7 727
7 727
7 727
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
29 666
26 765
29 666
11 974
After tax
-1 666
1 235
-1 666
16 026
Living cost
21 647
21 647
21 647
21 647
Free-cash
-23 313
-20 412
-23 313
-5 621

Estimated living cost  is ₴21647 per week

₴15341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6576
-₴6241
-₴7572
-₴12316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
3 254
health
-
-
-
1 747
accident
-
-
-
56
pensions
-
-
-
3 027
national
-
-
-
-
unemployment
-
-
-
28
municipal
-
-
-
5 931
total
-
-
-
14 043
Employee
30 677
-
21 306
-
municipal
9 148
-
6 353
-
national
-
-
-
-
total
9 148
-
6 353
-
Employer
30 677
-
21 306
-
other
3 565
-
2 476
-
unemployment
810
-
562
-
health
1 887
-
1 310
-
accident
61
-
43
-
pensions
3 316
-
2 303
-
total
9 639
-
6 694
-
Corporate
-
28 000
-
-
income
-
6 160
-
-
total
-
6 160
-
-
Dividends
-
21 840
-
-
withholding
-
6 552
-
-
total
-
6 552
-
-
Income
28 000
28 000
28 000
28 000
Total tax
18 787
12 712
13 047
14 043
After tax
9 213
15 288
14 953
13 957
Living cost
21 529
21 529
21 529
21 529
Free-cash
-12 316
-6 241
-6 576
-7 572

Estimated living cost  is ₴21529 per week

₴14268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1261
-₴6219
₴607
₴1042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
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.

-
-
-
3 530
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.

-
-
-
2 757
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.

-
-
-
152
trade
-
-
-
654
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.

26 205
-
28 000
-
surtax

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

124
-
152
-
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.

2 251
-
2 757
-
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.

3 530
-
3 530
-
total
5 905
-
6 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 795
28 000
-
-
chamber of commerce
81
119
-
-
surtax

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

15
231
-
-
trade
295
4 606
-
-
income
270
4 200
-
-
total
661
9 156
-
-
Dividends
1 134
18 844
-
-
surtax

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

5
248
-
-
withholding
87
4 515
-
-
total
92
4 763
-
-
Income
28 000
28 000
28 000
28 000
Total tax
6 658
13 919
6 439
7 093
After tax
21 342
14 081
21 561
20 907
Living cost
20 300
20 300
20 300
20 300
Free-cash
1 042
-6 219
1 261
607

Estimated living cost  is ₴20300 per week

₴13576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2010
-₴445
₴5399
₴1730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
4 368
health
-
-
-
714
income
-
-
-
759
total
-
-
-
5 841
Employee
39 735
39 735
39 735
-
social contributions
1 931
3 298
2 110
-
income
4 172
3 678
4 107
-
health
395
676
432
-
total
6 498
7 652
6 649
-
Employer
39 735
39 735
39 735
-
health
430
735
471
-
social contributions
1 931
3 298
2 110
-
total
2 361
4 033
2 581
-
Corporate
2 380
-
-
-
income
297
-
-
-
total
297
-
-
-
Dividends
2 083
-
-
-
withholding
354
-
-
-
total
354
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
9 510
11 685
9 230
5 841
After tax
18 490
16 315
18 770
22 159
Living cost
16 760
16 760
16 760
16 760
Free-cash
1 730
-445
2 010
5 399

Estimated living cost  is ₴16760 per week

₴11457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6768
₴6397
₴9932
₴6596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
1 960
income
-
-
-
3 423
pensions
-
-
-
2 800
unemployment
-
-
-
420
total
-
-
-
8 603
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

13 663
5 438
23 431
-
income
1 670
665
2 864
-
pensions
1 366
544
2 343
-
health
956
381
1 640
-
unemployment
205
82
351
-
total
4 197
1 672
7 198
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

13 663
5 438
23 431
-
pensions
2 664
1 060
4 569
-
total
2 664
1 060
4 569
-
Corporate
11 672
21 502
-
-
income
1 051
1 935
-
-
total
1 051
1 935
-
-
Dividends
10 622
19 567
-
-
social contributions
2 009
3 753
-
-
withholding
2 018
3 718
-
-
total
4 027
7 471
-
-
Income
28 000
28 000
28 000
28 000
Total tax
11 939
12 138
11 767
8 603
After tax
16 061
15 862
16 233
19 397
Living cost
9 465
9 465
9 465
9 465
Free-cash
6 596
6 397
6 768
9 932

Estimated living cost  is ₴9465 per week

₴6459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4163
₴9919
₴3188
₴6710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
3 640
income
-
-
-
3 091
pensions
-
-
-
5 600
total
-
-
-
12 331
Employee
14 659
-
20 926
-
income
1 650
-
3 530
-
pensions
293
-
419
-
unemployment
234
-
334
-
total
2 177
-
4 283
-
Employer
14 659
-
20 926
-
unemployment
118
-
168
-
health
1 905
-
2 720
-
pensions
2 932
-
4 185
-
total
4 955
-
7 073
-
Corporate
8 386
28 000
-
-
income
1 677
5 600
-
-
total
1 677
5 600
-
-
Dividends
6 709
22 400
-
-
total
-
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
8 809
5 600
11 356
12 331
After tax
19 191
22 400
16 644
15 669
Living cost
12 481
12 481
12 481
12 481
Free-cash
6 710
9 919
4 163
3 188

Estimated living cost  is ₴12481 per week

₴8561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3324
-₴9195
₴7908
₴508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
5 000
pensions
-
-
-
2 168
total
-
-
-
8 629
Employee
18 031
-
23 260
-
income
2 474
-
3 191
-
pensions
2 030
-
2 619
-
health
2 065
-
2 663
-
total
6 569
-
8 473
-
Employer
18 031
-
23 260
-
unemployment
442
-
570
-
accident
301
-
388
-
pensions
2 932
-
3 782
-
total
3 675
-
4 740
-
Corporate
6 294
28 000
-
-
income

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

5 665
25 200
-
-
total
5 665
25 200
-
-
Dividends
629
2 800
-
-
withholding
120
532
-
-
total
120
532
-
-
Income
28 000
28 000
28 000
28 000
Total tax
16 029
25 732
13 213
8 629
After tax
11 971
2 268
14 787
19 371
Living cost
11 463
11 463
11 463
11 463
Free-cash
508
-9 195
3 324
7 908

Estimated living cost  is ₴11463 per week

₴8401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
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.
₴2187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18151
₴22351
₴23471
₴21555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
28 000
microenterprise

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

-
-
-
280
total
-
-
-
280
Employee
5 311
-
28 000
-
income
1 062
-
5 600
-
total
1 062
-
5 600
-
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%.

22 689
28 000
-
-
total
-
-
-
-
Dividends
22 689
28 000
-
-
withholding
1 134
1 400
-
-
total
1 134
1 400
-
-
Income
28 000
28 000
28 000
28 000
Total tax
2 196
1 400
5 600
280
After tax
25 804
26 600
22 400
27 720
Living cost
4 249
4 249
4 249
4 249
Free-cash
21 555
22 351
18 151
23 471

Estimated living cost  is ₴4249 per week

₴2633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2644
₴6803
₴1392
₴3314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
1 330
health
-
-
-
1 232
income
-
-
-
3 557
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.

-
-
-
6 720
total
-
-
-
12 839
Employee
18 762
-
22 365
-
income
3 230
-
3 850
-
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.

1 313
-
1 565
-
health
263
-
313
-
unemployment
187
-
224
-
total
4 993
-
5 952
-
Employer
18 762
-
22 365
-
other
938
-
1 118
-
unemployment
187
-
224
-
health
263
-
313
-
accident
150
-
178
-
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.

3 190
-
3 802
-
total
4 728
-
5 635
-
Corporate
4 509
28 000
-
-
income
947
5 880
-
-
total
947
5 880
-
-
Dividends
3 562
22 120
-
-
withholding
249
1 548
-
-
total
249
1 548
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 917
7 428
11 587
12 839
After tax
17 083
20 572
16 413
15 161
Living cost
13 769
13 769
13 769
13 769
Free-cash
3 314
6 803
2 644
1 392

Estimated living cost  is ₴13769 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16105
-₴13414
-₴13321
-₴27330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
income
-
-
-
5 267
pensions
-
-
-
1 661
total
-
-
-
6 928
Employee
48 660
-
25 038
-
income
8 772
-
4 572
-
health
802
-
318
-
pensions
4 694
-
1 860
-
total
14 268
-
6 750
-
Employer
48 660
-
25 038
-
health
924
-
476
-
pensions
5 745
-
2 486
-
total
6 669
-
2 962
-
Corporate
-
28 000
-
-
income

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

-
5 320
-
-
total
-
5 320
-
-
Dividends
-
22 680
-
-
withholding
-
1 701
-
-
total
-
1 701
-
-
Income
28 000
28 000
28 000
28 000
Total tax
20 937
7 021
9 712
6 928
After tax
7 063
20 979
18 288
21 072
Living cost
34 393
34 393
34 393
34 393
Free-cash
-27 330
-13 414
-16 105
-13 321

Estimated living cost  is ₴34393 per week

₴25771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12803
₴17262
₴12372
₴14897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
2 046
income
-
-
-
4 200
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
8 950
Employee
8 843
-
24 509
-
income
884
-
2 451
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

776
-
1 562
-
health
407
-
818
-
total
2 164
-
5 027
-
Employer
8 843
-
24 509
-
unemployment
53
-
107
-
health
610
-
1 228
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

975
-
1 961
-
total
1 735
-
3 492
-
Corporate
17 422
28 000
-
-
income
1 742
2 800
-
-
total
1 742
2 800
-
-
Dividends
15 679
25 200
-
-
withholding
784
1 260
-
-
total
784
1 260
-
-
Income
28 000
28 000
28 000
28 000
Total tax
6 425
4 060
8 519
8 950
After tax
21 575
23 940
19 481
19 050
Living cost
6 678
6 678
6 678
6 678
Free-cash
14 897
17 262
12 803
12 372

Estimated living cost  is ₴6678 per week

₴3899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30320
-₴27419
-₴12628
-₴28296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
4 298
income
-
-
-
2 636
pensions
-
-
-
5 040
total
-
-
-
11 974
Employee
47 908
44 127
44 127
-
income

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

7 223
7 223
7 223
-
pensions
6 054
6 054
7 943
-
health
5 977
5 761
6 773
-
total
19 254
19 038
21 939
-
Employer
47 908
44 127
44 127
-
unemployment
1 725
1 589
1 589
-
health
3 329
3 067
3 067
-
pensions
3 334
3 071
3 071
-
total
8 388
7 727
7 727
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
27 642
26 765
29 666
11 974
After tax
358
1 235
-1 666
16 026
Living cost
28 654
28 654
28 654
28 654
Free-cash
-28 296
-27 419
-30 320
-12 628

Estimated living cost  is ₴28654 per week

₴21137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2559
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1430
₴6499
₴858
₴1942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
8 176
health
-
-
-
3 780
income
-
-
-
2 407
solidarity contribution
-
-
-
-
total
-
-
-
14 363
Employee
18 792
-
20 895
-
social contributions
1 221
-
1 358
-
solidarity contribution
-
-
-
-
income
2 255
-
2 507
-
health
2 537
-
2 821
-
total
6 013
-
6 686
-
Employer
18 792
-
20 895
-
health
1 691
-
1 881
-
social contributions
4 698
-
5 224
-
total
6 389
-
7 105
-
Corporate
2 818
28 000
-
-
income
535
5 320
-
-
total
535
5 320
-
-
Dividends
2 283
22 680
-
-
withholding
342
3 402
-
-
total
342
3 402
-
-
Income
28 000
28 000
28 000
28 000
Total tax
13 279
8 722
13 791
14 363
After tax
14 721
19 278
14 209
13 637
Living cost
12 779
12 779
12 779
12 779
Free-cash
1 942
6 499
1 430
858

Estimated living cost  is ₴12779 per week

₴8876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8058
-₴6865
-₴6478
-₴17924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
7 202
national
-
-
-
5 028
regional
-
-
-
277
municipal
-
-
-
167
total
-
-
-
12 674
Employee
45 924
-
28 000
-
social contributions
15 486
-
9 441
-
municipal
243
-
148
-
national
7 958
-
4 423
-
regional
433
-
242
-
total
24 120
-
14 254
-
Employer
45 924
-
28 000
-
total
-
-
-
-
Corporate
-
28 000
-
-
nationa
-
6 720
-
-
municipal
-
1 092
-
-
total
-
7 812
-
-
Dividends
-
20 188
-
-
withholding
-
5 249
-
-
total
-
5 249
-
-
Income
28 000
28 000
28 000
28 000
Total tax
24 120
13 061
14 254
12 674
After tax
3 880
14 939
13 746
15 326
Living cost
21 804
21 804
21 804
21 804
Free-cash
-17 924
-6 865
-8 058
-6 478

Estimated living cost  is ₴21804 per week

₴15199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3942
₴6209
₴4563
₴4602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
-
health
-
-
-
1 989
income
-
-
-
4 120
pensions
-
-
-
5 600
surtax
-
-
-
207
unemployment
-
-
-
118
total
-
-
-
12 034
Employee
17 088
-
23 131
-
surtax
56
-
168
-
income
2 864
-
3 878
-
other
-
-
-
-
pensions
1 139
-
1 542
-
health
436
-
589
-
unemployment
1 189
-
1 610
-
total
5 684
-
7 787
-
Employer
17 088
-
23 131
-
other
-
-
-
-
unemployment
541
-
733
-
health
778
-
1 052
-
pensions
2 278
-
3 083
-
total
3 597
-
4 868
-
Corporate
7 315
28 000
-
-
income
1 902
7 280
-
-
total
1 902
7 280
-
-
Dividends
5 413
20 720
-
-
withholding
812
3 108
-
-
total
812
3 108
-
-
Income
28 000
28 000
28 000
28 000
Total tax
11 995
10 388
12 655
12 034
After tax
16 005
17 612
15 345
15 966
Living cost
11 403
11 403
11 403
11 403
Free-cash
4 602
6 209
3 942
4 563

Estimated living cost  is ₴11403 per week

₴6972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1052
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5208
-₴2517
-₴2424
-₴8760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
income
-
-
-
5 267
pensions
-
-
-
1 661
total
-
-
-
6 928
Employee
32 611
-
25 038
-
income
5 873
-
4 572
-
health
473
-
318
-
pensions
2 768
-
1 860
-
total
9 114
-
6 750
-
Employer
32 611
-
25 038
-
health
620
-
476
-
pensions
3 530
-
2 486
-
total
4 150
-
2 962
-
Corporate
-
28 000
-
-
income

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

-
5 320
-
-
total
-
5 320
-
-
Dividends
-
22 680
-
-
withholding
-
1 701
-
-
total
-
1 701
-
-
Income
28 000
28 000
28 000
28 000
Total tax
13 264
7 021
9 712
6 928
After tax
14 736
20 979
18 288
21 072
Living cost
23 496
23 496
23 496
23 496
Free-cash
-8 760
-2 517
-5 208
-2 424

Estimated living cost  is ₴23496 per week

₴17603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴19432
-₴28927
-₴17919
-₴25486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other

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

-
-
-
559
health
-
-
-
136
pensions
-
-
-
2 577
city
-
-
-
295
national
-
-
-
71
regional
-
-
-
551
total
-
-
-
4 189
Employee
48 835
-
25 016
-
national
231
-
54
-
city
524
-
268
-
pensions
4 103
-
2 151
-
health
110
-
57
-
regional
1 599
-
463
-
unemployment
-
-
-
-
total
6 567
-
2 993
-
Employer
48 835
-
25 016
-
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.

976
-
501
-
unemployment
-
-
-
-
health
110
-
57
-
pensions
4 103
-
2 151
-
total
5 189
-
2 709
-
Corporate
-
28 000
-
-
regional
-
5 922
-
-
national
-
2 380
-
-
total
-
8 302
-
-
Dividends
-
19 698
-
-
withholding
-
6 895
-
-
total
-
6 895
-
-
Income
28 000
28 000
28 000
28 000
Total tax
11 756
15 197
5 702
4 189
After tax
16 244
12 803
22 298
23 811
Living cost
41 730
41 730
41 730
41 730
Free-cash
-25 486
-28 927
-19 432
-17 919

Estimated living cost  is ₴41730 per week

₴27137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2111
-₴9734
-₴2793
-₴3055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
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.

-
-
-
3 530
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.

-
-
-
2 757
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.

-
-
-
152
trade
-
-
-
682
total
-
-
-
7 121
Employee

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

31 055
-
28 000
-
surtax

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

201
-
152
-
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.

3 652
-
2 757
-
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.

3 530
-
3 530
-
total
7 383
-
6 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
28 000
-
-
chamber of commerce
-
118
-
-
surtax

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

-
231
-
-
trade
-
4 802
-
-
income
-
4 200
-
-
total
-
9 351
-
-
Dividends
-
18 649
-
-
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.

-
245
-
-
withholding
-
4 466
-
-
total
-
4 711
-
-
Income
28 000
28 000
28 000
28 000
Total tax
7 383
14 062
6 439
7 121
After tax
20 617
13 938
21 561
20 879
Living cost
23 672
23 672
23 672
23 672
Free-cash
-3 055
-9 734
-2 111
-2 793

Estimated living cost  is ₴23672 per week

₴17289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1894
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴572
-₴3567
-₴862
-₴1022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
868
social contributions
-
-
-
797
health
-
-
-
243
income
-
-
-
1 170
pensions
-
-
-
8 105
surtax
-
-
-
-
total
-
-
-
11 183
Employee
22 116
-
21 338
-
surtax
-
-
-
-
social contributions
631
-
608
-
income
1 305
-
1 211
-
pensions
2 501
-
2 412
-
total
4 437
-
4 231
-
Employer
22 116
-
21 338
-
other
763
-
736
-
unemployment
895
-
864
-
health
1 548
-
1 493
-
pensions
3 633
-
3 505
-
social contributions
67
-
64
-
total
6 906
-
6 662
-
Corporate
-
28 000
-
-
surtax
-
-
-
-
income
-
7 840
-
-
total
-
7 840
-
-
Dividends
-
20 160
-
-
social contributions
-
3 467
-
-
surtax
-
-
-
-
withholding
-
2 581
-
-
total
-
6 048
-
-
Income
28 000
28 000
28 000
28 000
Total tax
11 343
13 888
10 893
11 183
After tax
16 657
14 112
17 107
16 817
Living cost
17 679
17 679
17 679
17 679
Free-cash
-1 022
-3 567
-572
-862

Estimated living cost  is ₴17679 per week

₴11148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1179
-₴1816
₴889
₴1054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
868
social contributions
-
-
-
797
health
-
-
-
243
income
-
-
-
1 170
pensions
-
-
-
8 105
surtax
-
-
-
-
total
-
-
-
11 183
Employee
19 741
-
21 338
-
surtax
-
-
-
-
social contributions
563
-
608
-
income
1 018
-
1 211
-
pensions
2 233
-
2 412
-
total
3 814
-
4 231
-
Employer
19 741
-
21 338
-
other
682
-
736
-
unemployment
799
-
864
-
health
1 382
-
1 493
-
pensions
3 244
-
3 505
-
social contributions
59
-
64
-
total
6 166
-
6 662
-
Corporate
2 094
28 000
-
-
surtax
-
-
-
-
income
586
7 840
-
-
total
586
7 840
-
-
Dividends
1 507
20 160
-
-
social contributions
259
3 467
-
-
surtax
-
-
-
-
withholding
193
2 581
-
-
total
452
6 048
-
-
Income
28 000
28 000
28 000
28 000
Total tax
11 018
13 888
10 893
11 183
After tax
16 982
14 112
17 107
16 817
Living cost
15 928
15 928
15 928
15 928
Free-cash
1 054
-1 816
1 179
889

Estimated living cost  is ₴15928 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5892
₴6127
₴7025
₴6394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
3 864
health
-
-
-
1 954
income
-
-
-
4 200
total
-
-
-
10 018
Employee
17 520
-
28 000
-
social contributions
2 418
-
3 864
-
income
2 922
-
5 333
-
health
1 223
-
1 954
-
total
6 563
-
11 151
-
Employer
17 520
-
28 000
-
total
-
-
-
-
Corporate
10 480
28 000
-
-
income

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

524
1 400
-
-
total
524
1 400
-
-
Dividends
9 956
26 600
-
-
social contributions
1 374
3 670
-
-
withholding
1 493
3 990
-
-
health
695
1 856
-
-
total
3 562
9 516
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 649
10 916
11 151
10 018
After tax
17 351
17 084
16 849
17 982
Living cost
10 957
10 957
10 957
10 957
Free-cash
6 394
6 127
5 892
7 025

Estimated living cost  is ₴10957 per week

₴7333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7139
-₴2220
-₴2594
-₴5849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
2 142
income
-
-
-
1 681
chamber of commerce
-
-
-
112
pensions
-
-
-
5 180
surtax
-
-
-
102
unemployment
-
-
-
3 169
total
-
-
-
12 386
Employee
25 824
20 593
21 662
-
income
2 940
1 519
1 746
-
other
258
206
217
-
pensions
2 645
2 108
2 218
-
health
999
797
838
-
unemployment
775
618
650
-
total
7 617
5 248
5 669
-
Employer
25 824
20 593
21 662
-
other
1 227
978
1 030
-
unemployment
775
618
650
-
health
976
779
819
-
surtax
102
102
102
-
accident
335
268
281
-
pensions
3 241
2 585
2 718
-
payroll
775
618
650
-
chamber of commerce
103
82
86
-
total
7 534
6 030
6 336
-
Corporate
1 961
1 961
19 702
-
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.

490
490
4 926
-
total
490
490
4 926
-
Dividends
-
888
-
-
withholding
-
244
-
-
total
-
244
-
-
Income
28 000
28 000
28 000
28 000
Total tax
15 641
12 012
16 931
12 386
After tax
12 359
15 988
11 069
15 614
Living cost
18 208
18 208
18 208
18 208
Free-cash
-5 849
-2 220
-7 139
-2 594

Estimated living cost  is ₴18208 per week

₴12144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6711
-₴3051
-₴3539
-₴19722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
3 090
communal

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

-
-
-
1 494
national
-
-
-
8 114
total
-
-
-
12 698
Employee

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

36 962
-
21 687
-
national
11 364
-
5 592
-
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.

2 772
-
1 627
-
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.

1 737
-
1 019
-
communal

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

1 928
-
1 132
-
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.

322
-
188
-
total
18 123
-
9 558
-
Employer

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

36 962
-
21 687
-
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.

539
-
317
-
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.

2 273
-
1 334
-
surtax
4 191
-
2 459
-
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.

480
-
281
-
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.

3 275
-
1 921
-
total
10 758
-
6 312
-
Corporate
-
28 000
-
-
surtax
-
112
-
-
income
-
5 600
-
-
total
-
5 712
-
-
Dividends
-
22 288
-
-
withholding

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

-
6 498
-
-
total
-
6 498
-
-
Income
28 000
28 000
28 000
28 000
Total tax
28 881
12 210
15 870
12 698
After tax
-881
15 790
12 130
15 302
Living cost
18 841
18 841
18 841
18 841
Free-cash
-19 722
-3 051
-6 711
-3 539

Estimated living cost  is ₴18841 per week

₴12136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2945
₴259
-₴3155
-₴5920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
28
accident
-
-
-
252
income
-
-
-
4 094
pensions
-
-
-
7 924
unemployment
-
-
-
196
total
-
-
-
12 494
Employee
25 722
-
21 231
-
income
5 427
-
4 165
-
other
25
-
22
-
pensions
1 209
-
998
-
unemployment
399
-
329
-
total
7 060
-
5 514
-
Employer
25 722
-
21 231
-
other
205
-
170
-
unemployment
1 415
-
1 168
-
accident
509
-
421
-
pensions
6 070
-
5 011
-
total
8 199
-
6 770
-
Corporate
-
28 000
-
-
income

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

-
4 200
-
-
total
-
4 200
-
-
Dividends
-
23 800
-
-
withholding
-
4 880
-
-
total
-
4 880
-
-
Income
28 000
28 000
28 000
28 000
Total tax
15 259
9 080
12 284
12 494
After tax
12 741
18 920
15 716
15 506
Living cost
18 662
18 662
18 662
18 662
Free-cash
-5 920
259
-2 945
-3 155

Estimated living cost  is ₴18662 per week

₴13742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8869
-₴10466
-₴9446
-₴15808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
2 100
accident
-
-
-
252
income
-
-
-
1 050
pensions
-
-
-
4 480
communal
-
-
-
-
surtax
-
-
-
1 482
total
-
-
-
9 364
Employee
39 132
-
25 011
-
surtax
2 399
-
1 533
-
income
3 780
-
1 152
-
pensions
3 130
-
2 000
-
health
1 742
-
1 113
-
total
11 051
-
5 798
-
Employer
39 132
-
25 011
-
health
1 193
-
763
-
accident
352
-
226
-
pensions
3 130
-
2 000
-
total
4 675
-
2 989
-
Corporate
-
28 000
-
-
surtax
-
294
-
-
income
-
4 200
-
-
communal
-
1 890
-
-
total
-
6 384
-
-
Dividends
-
21 616
-
-
income
-
757
-
-
withholding
-
3 243
-
-
total
-
4 000
-
-
Income
28 000
28 000
28 000
28 000
Total tax
15 726
10 384
8 787
9 364
After tax
12 274
17 616
19 213
18 636
Living cost
28 082
28 082
28 082
28 082
Free-cash
-15 808
-10 466
-8 869
-9 446

Estimated living cost  is ₴28082 per week

₴21065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3739
₴6006
₴4360
₴4363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
-
health
-
-
-
1 989
income
-
-
-
4 120
pensions
-
-
-
5 600
surtax
-
-
-
207
unemployment
-
-
-
118
total
-
-
-
12 034
Employee
17 402
-
23 131
-
surtax
62
-
168
-
income
2 917
-
3 878
-
other
-
-
-
-
pensions
1 161
-
1 542
-
health
444
-
589
-
unemployment
1 211
-
1 610
-
total
5 795
-
7 787
-
Employer
17 402
-
23 131
-
other
-
-
-
-
unemployment
552
-
733
-
health
791
-
1 052
-
pensions
2 320
-
3 083
-
total
3 663
-
4 868
-
Corporate
6 935
28 000
-
-
income
1 803
7 280
-
-
total
1 803
7 280
-
-
Dividends
5 131
20 720
-
-
withholding
770
3 108
-
-
total
770
3 108
-
-
Income
28 000
28 000
28 000
28 000
Total tax
12 031
10 388
12 655
12 034
After tax
15 969
17 612
15 345
15 966
Living cost
11 606
11 606
11 606
11 606
Free-cash
4 363
6 006
3 739
4 360

Estimated living cost  is ₴11606 per week

₴7007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴309
₴798
₴1261
-₴665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
7 202
national
-
-
-
5 028
regional
-
-
-
422
municipal
-
-
-
167
total
-
-
-
12 819
Employee
28 664
-
28 000
-
social contributions
9 666
-
9 441
-
municipal
152
-
148
-
national
4 541
-
4 423
-
regional
386
-
377
-
total
14 745
-
14 389
-
Employer
28 664
-
28 000
-
total
-
-
-
-
Corporate
-
28 000
-
-
nationa
-
6 720
-
-
municipal
-
1 391
-
-
total
-
8 111
-
-
Dividends
-
19 888
-
-
withholding
-
5 171
-
-
total
-
5 171
-
-
Income
28 000
28 000
28 000
28 000
Total tax
14 745
13 282
14 389
12 819
After tax
13 255
14 718
13 611
15 181
Living cost
13 920
13 920
13 920
13 920
Free-cash
-665
798
-309
1 261

Estimated living cost  is ₴13920 per week

₴8657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-₴1538
₴3531
-₴2110
-₴3030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
8 176
health
-
-
-
3 780
income
-
-
-
2 407
solidarity contribution
-
-
-
-
total
-
-
-
14 363
Employee
23 157
-
20 895
-
social contributions
1 505
-
1 358
-
solidarity contribution
-
-
-
-
income
2 779
-
2 507
-
health
3 126
-
2 821
-
total
7 410
-
6 686
-
Employer
23 157
-
20 895
-
health
2 084
-
1 881
-
social contributions
5 789
-
5 224
-
total
7 873
-
7 105
-
Corporate
-
28 000
-
-
income
-
5 320
-
-
total
-
5 320
-
-
Dividends
-
22 680
-
-
withholding
-
3 402
-
-
total
-
3 402
-
-
Income
28 000
28 000
28 000
28 000
Total tax
15 283
8 722
13 791
14 363
After tax
12 717
19 278
14 209
13 637
Living cost
15 747
15 747
15 747
15 747
Free-cash
-3 030
3 531
-1 538
-2 110

Estimated living cost  is ₴15747 per week

₴11710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5395
-₴425
-₴770
-₴1580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
2 142
income
-
-
-
1 681
chamber of commerce
-
-
-
112
pensions
-
-
-
5 180
surtax
-
-
-
-
unemployment
-
-
-
3 169
total
-
-
-
12 284
Employee
22 588
20 593
21 743
-
income
2 012
1 519
1 770
-
other
226
206
218
-
pensions
2 313
2 108
2 226
-
health
874
797
841
-
unemployment
678
618
652
-
total
6 103
5 248
5 707
-
Employer
22 588
20 593
21 743
-
other
1 073
978
1 033
-
unemployment
678
618
652
-
health
854
779
822
-
surtax
-
-
-
-
accident
293
268
282
-
pensions
2 835
2 585
2 729
-
payroll
678
618
652
-
chamber of commerce
90
82
87
-
total
6 501
5 928
6 257
-
Corporate
1 961
1 961
19 782
-
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.

490
490
4 945
-
total
490
490
4 945
-
Dividends
-
990
-
-
withholding
-
273
-
-
total
-
273
-
-
Income
28 000
28 000
28 000
28 000
Total tax
13 094
11 939
16 909
12 284
After tax
14 906
16 061
11 091
15 716
Living cost
16 486
16 486
16 486
16 486
Free-cash
-1 580
-425
-5 395
-770

Estimated living cost  is ₴16486 per week

₴9889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴15778
₴19978
₴21098
₴18736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
28 000
microenterprise

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

-
-
-
280
total
-
-
-
280
Employee
8 277
-
28 000
-
income
1 656
-
5 600
-
total
1 656
-
5 600
-
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%.

19 723
28 000
-
-
total
-
-
-
-
Dividends
19 723
28 000
-
-
withholding
986
1 400
-
-
total
986
1 400
-
-
Income
28 000
28 000
28 000
28 000
Total tax
2 642
1 400
5 600
280
After tax
25 358
26 600
22 400
27 720
Living cost
6 622
6 622
6 622
6 622
Free-cash
18 736
19 978
15 778
21 098

Estimated living cost  is ₴6622 per week

₴4481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴782
₴5418
₴1665
₴1097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
health
-
-
-
2 755
income
-
-
-
4 564
pensions
-
-
-
5 114
unemployment
-
-
-
42
total
-
-
-
12 475
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.

22 850
-
24 227
-
income
3 940
-
4 231
-
pensions
3 542
-
3 755
-
health
1 476
-
1 565
-
unemployment
32
-
34
-
total
8 990
-
9 585
-
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.

22 850
-
24 227
-
unemployment
14
-
15
-
health
1 522
-
1 614
-
pensions
2 022
-
2 144
-
total
3 558
-
3 773
-
Corporate
1 592
28 000
-
-
income
302
5 320
-
-
total
302
5 320
-
-
Dividends
1 290
22 680
-
-
withholding
193
3 402
-
-
total
193
3 402
-
-
Income
28 000
28 000
28 000
28 000
Total tax
13 043
8 722
13 358
12 475
After tax
14 957
19 278
14 642
15 525
Living cost
13 860
13 860
13 860
13 860
Free-cash
1 097
5 418
782
1 665

Estimated living cost  is ₴13860 per week

₴9512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2417
-₴6275
-₴3960
-₴52549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
3 192
income
-
-
-
5 458
total
-
-
-
8 650
Employee
33 423
-
-
-
social contributions
2 741
-
391
-
income
7 372
-
-
-
total
10 113
-
391
-
Employer
33 423
-
-
-
social contributions
47 126
-
6 716
-
total
47 126
-
6 716
-
Corporate
-
28 000
-
-
income
-
6 160
-
-
total
-
6 160
-
-
Dividends
-
21 840
-
-
income
-
4 805
-
-
total
-
4 805
-
-
Income
28 000
28 000
28 000
28 000
Total tax
57 239
10 965
7 107
8 650
After tax
-29 239
17 035
20 893
19 350
Living cost
23 310
23 310
23 310
23 310
Free-cash
-52 549
-6 275
-2 417
-3 960

Estimated living cost  is ₴23310 per week

₴15124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2192
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.
₴5696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴659
-₴281
₴18
-₴1409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
social contributions

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

-
-
-
9 730
income
-
-
-
2 044
surtax
-
-
-
-
total
-
-
-
11 774
Employee
23 766
-
22 626
-
surtax
-
-
-
-
social contributions
2 614
-
2 489
-
income
4 943
-
4 588
-
total
7 557
-
7 077
-
Employer
23 766
-
22 626
-
social contributions
5 644
-
5 374
-
total
5 644
-
5 374
-
Corporate
-
28 000
-
-
surtax
-
-
-
-
income
-
5 880
-
-
total
-
5 880
-
-
Dividends
-
22 120
-
-
withholding
-
6 193
-
-
total
-
6 193
-
-
Income
28 000
28 000
28 000
28 000
Total tax
13 201
12 073
12 451
11 774
After tax
14 799
15 927
15 549
16 226
Living cost
16 208
16 208
16 208
16 208
Free-cash
-1 409
-281
-659
18

Estimated living cost  is ₴16208 per week

₴12127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
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.
₴2855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7851
-₴10846
-₴8141
-₴14473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
868
social contributions
-
-
-
797
health
-
-
-
243
income
-
-
-
1 170
pensions
-
-
-
8 105
surtax
-
-
-
-
total
-
-
-
11 183
Employee
32 364
-
21 338
-
surtax
-
-
-
-
social contributions
922
-
608
-
income
2 824
-
1 211
-
pensions
3 661
-
2 412
-
total
7 407
-
4 231
-
Employer
32 364
-
21 338
-
other
1 117
-
736
-
unemployment
1 311
-
864
-
health
2 265
-
1 493
-
pensions
5 318
-
3 505
-
social contributions
97
-
64
-
total
10 108
-
6 662
-
Corporate
-
28 000
-
-
surtax
-
-
-
-
income
-
7 840
-
-
total
-
7 840
-
-
Dividends
-
20 160
-
-
social contributions
-
3 467
-
-
surtax
-
-
-
-
withholding
-
2 581
-
-
total
-
6 048
-
-
Income
28 000
28 000
28 000
28 000
Total tax
17 515
13 888
10 893
11 183
After tax
10 485
14 112
17 107
16 817
Living cost
24 958
24 958
24 958
24 958
Free-cash
-14 473
-10 846
-7 851
-8 141

Estimated living cost  is ₴24958 per week

₴16891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7133
₴9667
₴6308
₴7930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
income
-
-
-
-
social contributions
-
-
-
6 159
total
-
-
-
6 159
Employee
16 613
-
24 242
-
income
-
-
-
-
social contributions
1 080
-
1 576
-
total
1 080
-
1 576
-
Employer
16 613
-
24 242
-
social contributions
2 575
-
3 758
-
total
2 575
-
3 758
-
Corporate
8 812
28 000
-
-
income
882
2 800
-
-
total
882
2 800
-
-
Dividends
7 931
25 200
-
-
total
-
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
4 537
2 800
5 334
6 159
After tax
23 463
25 200
22 666
21 841
Living cost
15 533
15 533
15 533
15 533
Free-cash
7 930
9 667
7 133
6 308

Estimated living cost  is ₴15533 per week

₴10043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1171
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.
₴4026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴84407
-₴84407
-₴6567
-₴84407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
labour market
-
-
-
2 204
pensions
-
-
-
447
national
-
-
-
2 610
municipal
-
-
-
4 459
total
-
-
-
9 720
Employee
104 872
104 872
104 872
-
labour market
8 378
8 378
8 378
-
municipal
22 332
22 332
22 332
-
national
12 812
12 812
12 812
-
pensions
149
149
149
-
total
43 671
43 671
43 671
-
Employer
104 872
104 872
104 872
-
national
12 834
12 834
12 834
-
labour market
8 390
8 390
8 390
-
pensions
298
298
298
-
municipal
22 367
22 367
22 367
-
total
43 889
43 889
43 889
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
87 560
87 560
87 560
9 720
After tax
-59 560
-59 560
-59 560
18 280
Living cost
24 847
24 847
24 847
24 847
Free-cash
-84 407
-84 407
-84 407
-6 567

Estimated living cost  is ₴24847 per week

₴17005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2198
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3493
-₴9026
₴8077
₴535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
5 000
pensions
-
-
-
2 168
total
-
-
-
8 629
Employee
17 766
-
23 260
-
income
2 437
-
3 191
-
pensions
2 001
-
2 619
-
health
2 034
-
2 663
-
total
6 472
-
8 473
-
Employer
17 766
-
23 260
-
unemployment
435
-
570
-
accident
297
-
388
-
pensions
2 889
-
3 782
-
total
3 621
-
4 740
-
Corporate
6 614
28 000
-
-
income

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

5 952
25 200
-
-
total
5 952
25 200
-
-
Dividends
661
2 800
-
-
withholding
126
532
-
-
total
126
532
-
-
Income
28 000
28 000
28 000
28 000
Total tax
16 171
25 732
13 213
8 629
After tax
11 829
2 268
14 787
19 371
Living cost
11 294
11 294
11 294
11 294
Free-cash
535
-9 026
3 493
8 077

Estimated living cost  is ₴11294 per week

₴8220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2490
-₴463
₴2099
-₴4317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
28 000
health
-
-
-
216
national
-
-
-
845
municipal
-
-
-
5 001
total
-
-
-
6 062
Employee
27 187
-
23 555
-
municipal
4 453
-
3 864
-
national
449
-
252
-
pensions
1 835
-
1 590
-
health
203
-
147
-
unemployment
408
-
353
-
total
7 348
-
6 206
-
Employer
27 187
-
23 555
-
unemployment
177
-
153
-
health
209
-
181
-
accident
27
-
24
-
pensions
4 717
-
4 087
-
total
5 130
-
4 445
-
Corporate
-
28 000
-
-
income
-
5 600
-
-
total
-
5 600
-
-
Dividends

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

-
16 800
-
-
national
-
-
-
-
municipal
-
3 024
-
-
total
-
3 024
-
-
Income
28 000
28 000
28 000
28 000
Total tax
12 478
8 624
10 651
6 062
After tax
15 522
19 376
17 349
21 938
Living cost
19 839
19 839
19 839
19 839
Free-cash
-4 317
-463
-2 490
2 099

Estimated living cost  is ₴19839 per week

₴12959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6806
₴4351
₴10195
₴5857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
4 368
health
-
-
-
714
income
-
-
-
759
total
-
-
-
5 841
Employee
39 735
39 735
39 735
-
social contributions
1 502
3 298
2 110
-
income
4 326
3 678
4 107
-
health
308
676
432
-
total
6 136
7 652
6 649
-
Employer
39 735
39 735
39 735
-
health
334
735
471
-
social contributions
1 502
3 298
2 110
-
total
1 836
4 033
2 581
-
Corporate
8 063
-
-
-
income
1 008
-
-
-
total
1 008
-
-
-
Dividends
7 055
-
-
-
withholding
1 199
-
-
-
total
1 199
-
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 179
11 685
9 230
5 841
After tax
17 821
16 315
18 770
22 159
Living cost
11 964
11 964
11 964
11 964
Free-cash
5 857
4 351
6 806
10 195

Estimated living cost  is ₴11964 per week

₴7170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9152
₴14982
₴12296
₴12354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 000
health
-
-
-
1 870
income
-
-
-
2 328
pensions
-
-
-
3 287
unemployment
-
-
-
15
total
-
-
-
7 500
Employee

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

11 861
-
25 386
-
income
811
-
1 940
-
pensions
1 779
-
3 808
-
health
1 008
-
2 157
-
unemployment
59
-
126
-
total
3 657
-
8 031
-
Employer

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

11 861
-
25 386
-
unemployment
59
-
126
-
health
510
-
1 091
-
pensions
652
-
1 396
-
total
1 221
-
2 613
-
Corporate
14 918
28 000
-
-
income
1 342
2 520
-
-
total
1 342
2 520
-
-
Dividends
13 576
25 480
-
-
withholding
1 222
2 294
-
-
total
1 222
2 294
-
-
Income
28 000
28 000
28 000
28 000
Total tax
7 442
4 814
10 644
7 500
After tax
20 558
23 186
17 356
20 500
Living cost
8 204
8 204
8 204
8 204
Free-cash
12 354
14 982
9 152
12 296

Estimated living cost  is ₴8204 per week

₴5234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1506
₴4710
₴1296
₴1928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
28
accident
-
-
-
252
income
-
-
-
4 094
pensions
-
-
-
7 924
unemployment
-
-
-
196
total
-
-
-
12 494
Employee
19 107
-
21 231
-
income
3 684
-
4 165
-
other
19
-
22
-
pensions
898
-
998
-
unemployment
296
-
329
-
total
4 897
-
5 514
-
Employer
19 107
-
21 231
-
other
153
-
170
-
unemployment
1 051
-
1 168
-
accident
379
-
421
-
pensions
4 509
-
5 011
-
total
6 092
-
6 770
-
Corporate
2 802
28 000
-
-
income

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

421
4 200
-
-
total
421
4 200
-
-
Dividends
2 381
23 800
-
-
withholding
452
4 880
-
-
total
452
4 880
-
-
Income
28 000
28 000
28 000
28 000
Total tax
11 862
9 080
12 284
12 494
After tax
16 138
18 920
15 716
15 506
Living cost
14 210
14 210
14 210
14 210
Free-cash
1 928
4 710
1 506
1 296

Estimated living cost  is ₴14210 per week

₴9591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16617
₴16518
₴16686
₴16361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
504
income
-
-
-
9 160
pensions
-
-
-
696
total
-
-
-
10 360
Employee
1 453
-
27 217
-
income
281
-
9 123
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
9 645
-
Employer
1 453
-
27 217
-
unemployment
29
-
70
-
health
138
-
331
-
pensions
160
-
383
-
total
327
-
784
-
Corporate
26 220
28 000
-
-
income
5 768
6 160
-
-
total
5 768
6 160
-
-
Dividends
20 452
21 840
-
-
withholding
4 090
4 368
-
-
total
4 090
4 368
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 685
10 528
10 429
10 360
After tax
17 315
17 472
17 571
17 640
Living cost
954
954
954
954
Free-cash
16 361
16 518
16 617
16 686

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6188
₴11312
₴4983
₴8772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
health
-
-
-
2 884
income
-
-
-
3 515
pensions
-
-
-
7 280
unemployment
-
-
-
420
total
-
-
-
14 099
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.

13 447
-
23 749
-
income
1 854
-
3 917
-
pensions
1 883
-
3 325
-
health
693
-
1 223
-
unemployment
101
-
178
-
total
4 531
-
8 643
-
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.

13 447
-
23 749
-
unemployment
101
-
178
-
health
693
-
1 223
-
pensions
1 614
-
2 850
-
total
2 408
-
4 251
-
Corporate
12 146
28 000
-
-
income
1 822
4 200
-
-
total
1 822
4 200
-
-
Dividends
10 324
23 800
-
-
withholding
1 549
3 570
-
-
total
1 549
3 570
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 310
7 770
12 894
14 099
After tax
17 690
20 230
15 106
13 901
Living cost
8 918
8 918
8 918
8 918
Free-cash
8 772
11 312
6 188
4 983

Estimated living cost  is ₴8918 per week

₴6004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1618
₴1996
₴2295
₴1809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
social contributions

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

-
-
-
9 730
income
-
-
-
2 044
surtax
-
-
-
-
total
-
-
-
11 774
Employee
20 056
-
22 626
-
surtax
-
-
-
-
social contributions
2 206
-
2 489
-
income
3 919
-
4 588
-
total
6 125
-
7 077
-
Employer
20 056
-
22 626
-
social contributions
4 763
-
5 374
-
total
4 763
-
5 374
-
Corporate
3 182
28 000
-
-
surtax
-
-
-
-
income
668
5 880
-
-
total
668
5 880
-
-
Dividends
2 514
22 120
-
-
withholding
704
6 193
-
-
total
704
6 193
-
-
Income
28 000
28 000
28 000
28 000
Total tax
12 260
12 073
12 451
11 774
After tax
15 740
15 927
15 549
16 226
Living cost
13 931
13 931
13 931
13 931
Free-cash
1 809
1 996
1 618
2 295

Estimated living cost  is ₴13931 per week

₴9867
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
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.
₴2850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2444
₴760
-₴2654
-₴4913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
28
accident
-
-
-
252
income
-
-
-
4 094
pensions
-
-
-
7 924
unemployment
-
-
-
196
total
-
-
-
12 494
Employee
24 956
-
21 231
-
income
5 212
-
4 165
-
other
25
-
22
-
pensions
1 173
-
998
-
unemployment
386
-
329
-
total
6 796
-
5 514
-
Employer
24 956
-
21 231
-
other
200
-
170
-
unemployment
1 373
-
1 168
-
accident
494
-
421
-
pensions
5 890
-
5 011
-
total
7 957
-
6 770
-
Corporate
-
28 000
-
-
income

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

-
4 200
-
-
total
-
4 200
-
-
Dividends
-
23 800
-
-
withholding
-
4 880
-
-
total
-
4 880
-
-
Income
28 000
28 000
28 000
28 000
Total tax
14 753
9 080
12 284
12 494
After tax
13 247
18 920
15 716
15 506
Living cost
18 160
18 160
18 160
18 160
Free-cash
-4 913
760
-2 444
-2 654

Estimated living cost  is ₴18160 per week

₴13042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
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.
₴3451
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10719
₴15178
₴10288
₴12071
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
health
-
-
-
2 046
income
-
-
-
4 200
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
8 950
Employee
11 603
-
24 509
-
income
1 160
-
2 451
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 019
-
1 562
-
health
534
-
818
-
total
2 841
-
5 027
-
Employer
11 603
-
24 509
-
unemployment
70
-
107
-
health
801
-
1 228
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 279
-
1 961
-
total
2 278
-
3 492
-
Corporate
14 121
28 000
-
-
income
1 412
2 800
-
-
total
1 412
2 800
-
-
Dividends
12 709
25 200
-
-
withholding
636
1 260
-
-
total
636
1 260
-
-
Income
28 000
28 000
28 000
28 000
Total tax
7 167
4 060
8 519
8 950
After tax
20 833
23 940
19 481
19 050
Living cost
8 762
8 762
8 762
8 762
Free-cash
12 071
15 178
10 719
10 288

Estimated living cost  is ₴8762 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1611
-₴5437
₴1040
₴1324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
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.

-
-
-
3 530
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.

-
-
-
2 757
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.

-
-
-
152
trade
-
-
-
571
total
-
-
-
7 010
Employee

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

25 711
-
28 000
-
surtax

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

117
-
152
-
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.

2 114
-
2 757
-
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.

3 530
-
3 530
-
total
5 761
-
6 439
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 289
28 000
-
-
chamber of commerce
81
120
-
-
surtax

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

19
231
-
-
trade
329
4 018
-
-
income
343
4 200
-
-
total
772
8 569
-
-
Dividends
1 517
19 431
-
-
surtax

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

10
256
-
-
withholding
183
4 662
-
-
total
193
4 918
-
-
Income
28 000
28 000
28 000
28 000
Total tax
6 726
13 487
6 439
7 010
After tax
21 274
14 513
21 561
20 990
Living cost
19 950
19 950
19 950
19 950
Free-cash
1 324
-5 437
1 611
1 040

Estimated living cost  is ₴19950 per week

₴13762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2147
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.
₴3752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7409
-₴9836
-₴7409
-₴12421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
income
-
-
-
3 982
social contributions
-
-
-
1 991
total
-
-
-
5 973
Employee
40 420
-
28 000
-
income
7 627
-
3 982
-
social contributions
3 358
-
1 991
-
total
10 985
-
5 973
-
Employer
40 420
-
28 000
-
total
-
-
-
-
Corporate
-
28 000
-
-
income
-
3 500
-
-
total
-
3 500
-
-
Dividends
-
24 500
-
-
withholding
-
4 900
-
-
total
-
4 900
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 985
8 400
5 973
5 973
After tax
17 015
19 600
22 027
22 027
Living cost
29 436
29 436
29 436
29 436
Free-cash
-12 421
-9 836
-7 409
-7 409

Estimated living cost  is ₴29436 per week

₴22394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴1437
-₴3288
-₴8645
-₴294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
income
-
-
-
14 709
health

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

-
-
-
3 178
total
-
-
-
17 887
Employee
23 705
-
25 623
-
income
2 572
-
3 051
-
social contributions
2 375
-
2 377
-
total
4 947
-
5 428
-
Employer
23 705
-
25 623
-
social contributions
2 375
-
2 377
-
total
2 375
-
2 377
-
Corporate
1 920
28 000
-
-
income
672
9 800
-
-
total
672
9 800
-
-
Dividends
1 248
18 200
-
-
social contributions
1 542
2 730
-
-
total
1 542
2 730
-
-
Income
28 000
28 000
28 000
28 000
Total tax
9 536
12 530
7 805
17 887
After tax
18 464
15 470
20 195
10 113
Living cost
18 758
18 758
18 758
18 758
Free-cash
-294
-3 288
1 437
-8 645

Estimated living cost  is ₴18758 per week

₴12356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1479
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.
₴4635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴814
₴1877
₴1970
-₴1367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
income
-
-
-
5 267
pensions
-
-
-
1 661
total
-
-
-
6 928
Employee
26 220
-
25 038
-
income
4 775
-
4 572
-
health
342
-
318
-
pensions
2 001
-
1 860
-
total
7 118
-
6 750
-
Employer
26 220
-
25 038
-
health
498
-
476
-
pensions
2 649
-
2 486
-
total
3 147
-
2 962
-
Corporate
-
28 000
-
-
income

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

-
5 320
-
-
total
-
5 320
-
-
Dividends
-
22 680
-
-
withholding
-
1 701
-
-
total
-
1 701
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 265
7 021
9 712
6 928
After tax
17 735
20 979
18 288
21 072
Living cost
19 102
19 102
19 102
19 102
Free-cash
-1 367
1 877
-814
1 970

Estimated living cost  is ₴19102 per week

₴13104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
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.
₴4001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2375
-₴10144
₴6959
₴366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
other
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
5 000
pensions
-
-
-
2 168
total
-
-
-
8 629
Employee
19 524
-
23 260
-
income
2 679
-
3 191
-
pensions
2 198
-
2 619
-
health
2 235
-
2 663
-
total
7 112
-
8 473
-
Employer
19 524
-
23 260
-
unemployment
478
-
570
-
accident
326
-
388
-
pensions
3 174
-
3 782
-
total
3 978
-
4 740
-
Corporate
4 497
28 000
-
-
income

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

4 047
25 200
-
-
total
4 047
25 200
-
-
Dividends
450
2 800
-
-
withholding
85
532
-
-
total
85
532
-
-
Income
28 000
28 000
28 000
28 000
Total tax
15 222
25 732
13 213
8 629
After tax
12 778
2 268
14 787
19 371
Living cost
12 412
12 412
12 412
12 412
Free-cash
366
-10 144
2 375
6 959

Estimated living cost  is ₴12412 per week

₴9109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴723
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.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9665
₴16831
₴9665
₴14321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 000
income
-
-
-
3 666
health insurance
-
-
-
2 072
work injury
-
-
-
140
pensions
-
-
-
5 152
unemployment
-
-
-
336
total
-
-
-
11 366
Employee

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

11 150
-
28 000
-
income
1 115
-
3 666
-
work injury
56
-
140
-
health insurance
825
-
2 072
-
pensions
2 052
-
5 152
-
unemployment
134
-
336
-
total
4 182
-
11 366
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 850
28 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
16 850
28 000
-
-
withholding
2 528
4 200
-
-
total
2 528
4 200
-
-
Income
28 000
28 000
28 000
28 000
Total tax
6 710
4 200
11 366
11 366
After tax
21 290
23 800
16 634
16 634
Living cost
6 969
6 969
6 969
6 969
Free-cash
14 321
16 831
9 665
9 665

Estimated living cost  is ₴6969 per week

₴4317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6976
-₴5837
-₴5424
-₴15544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
28 000
social contributions
-
-
-
7 202
national
-
-
-
5 028
regional
-
-
-
421
municipal
-
-
-
187
total
-
-
-
12 838
Employee
43 543
-
28 000
-
social contributions
14 683
-
9 441
-
municipal
260
-
167
-
national
7 358
-
4 423
-
regional
657
-
359
-
total
22 958
-
14 390
-
Employer
43 543
-
28 000
-
total
-
-
-
-
Corporate
-
28 000
-
-
nationa
-
6 720
-
-
municipal
-
1 349
-
-
total
-
8 069
-
-
Dividends
-
19 931
-
-
withholding
-
5 182
-
-
total
-
5 182
-
-
Income
28 000
28 000
28 000
28 000
Total tax
22 958
13 251
14 390
12 838
After tax
5 042
14 749
13 610
15 162
Living cost
20 586
20 586
20 586
20 586
Free-cash
-15 544
-5 837
-6 976
-5 424

Estimated living cost  is ₴20586 per week

₴14460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4398
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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