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
₴ 29500
per

Your estimated
City
free-cash

Dresden , Germany
₴7004
-₴610
₴6127
₴5083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
health

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

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

-
-
-
3 516
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.

-
-
-
3 213
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.

-
-
-
177
trade
-
-
-
877
total
-
-
-
7 783
Employee

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

19 686
-
29 500
-
surtax

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

30
-
177
-
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.

550
-
3 213
-
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.

3 516
-
3 516
-
total
4 096
-
6 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
9 814
29 500
-
-
chamber of commerce
92
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.

81
243
-
-
trade
1 546
4 646
-
-
income
1 472
4 425
-
-
total
3 191
9 434
-
-
Dividends
6 623
20 066
-
-
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.

80
265
-
-
withholding
1 460
4 821
-
-
total
1 540
5 086
-
-
Income
29 500
29 500
29 500
29 500
Total tax
8 827
14 520
6 906
7 783
After tax
20 673
14 980
22 594
21 717
Living cost
15 590
15 590
15 590
15 590
Free-cash
5 083
-610
7 004
6 127

Estimated living cost  is ₴15590 per week

₴9806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1818
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8447
-₴8852
-₴8679
-₴16593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
317
pensions
-
-
-
3 540
national
-
-
-
4 292
municipal
-
-
-
2 770
total
-
-
-
10 919
Employee
42 259
-
25 502
-
municipal
5 220
-
2 884
-
national
8 088
-
4 469
-
pensions
1 690
-
1 020
-
total
14 998
-
8 373
-
Employer
42 259
-
25 502
-
pensions
3 381
-
2 040
-
social contributions
454
-
274
-
total
3 835
-
2 314
-
Corporate
-
29 500
-
-
income

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

-
5 900
-
-
total
-
5 900
-
-
Dividends
-
23 600
-
-
withholding
-
5 192
-
-
total
-
5 192
-
-
Income
29 500
29 500
29 500
29 500
Total tax
18 833
11 092
10 687
10 919
After tax
10 667
18 408
18 813
18 581
Living cost
27 260
27 260
27 260
27 260
Free-cash
-16 593
-8 852
-8 447
-8 679

Estimated living cost  is ₴27260 per week

₴18529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2534
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.
₴5790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6169
₴12892
₴12747
₴8670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
social contributions

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

-
-
-
1 620
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
4 425
total
-
-
-
6 045
Employee
15 040
-
23 773
-
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.

1 655
-
2 615
-
income
2 677
-
4 281
-
total
4 332
-
6 896
-
Employer
15 040
-
23 773
-
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.

3 623
-
5 727
-
total
3 623
-
5 727
-
Corporate
10 838
29 500
-
-
income

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

2 167
5 900
-
-
total
2 167
5 900
-
-
Dividends

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

8 670
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 122
5 900
12 623
6 045
After tax
19 378
23 600
16 877
23 455
Living cost
10 708
10 708
10 708
10 708
Free-cash
8 670
12 892
6 169
12 747

Estimated living cost  is ₴10708 per week

₴6831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21609
-₴18719
-₴4694
-₴21609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
4 529
income
-
-
-
2 794
pensions
-
-
-
5 310
total
-
-
-
12 633
Employee
43 953
43 953
43 953
-
income

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

7 194
7 194
7 194
-
pensions
7 912
6 030
7 912
-
health
6 746
5 738
6 746
-
total
21 852
18 962
21 852
-
Employer
43 953
43 953
43 953
-
unemployment
1 582
1 582
1 582
-
health
3 055
3 055
3 055
-
pensions
3 059
3 059
3 059
-
total
7 696
7 696
7 696
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
29 548
26 658
29 548
12 633
After tax
-48
2 842
-48
16 867
Living cost
21 561
21 561
21 561
21 561
Free-cash
-21 609
-18 719
-21 609
-4 694

Estimated living cost  is ₴21561 per week

₴15280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5674
-₴5320
-₴6721
-₴10625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
3 428
health
-
-
-
1 841
accident
-
-
-
59
pensions
-
-
-
3 189
national
-
-
-
-
unemployment
-
-
-
29
municipal
-
-
-
6 248
total
-
-
-
14 794
Employee
30 532
-
22 447
-
municipal
9 105
-
6 694
-
national
-
-
-
-
total
9 105
-
6 694
-
Employer
30 532
-
22 447
-
other
3 548
-
2 608
-
unemployment
806
-
593
-
health
1 878
-
1 381
-
accident
61
-
45
-
pensions
3 300
-
2 426
-
total
9 593
-
7 053
-
Corporate
-
29 500
-
-
income
-
6 490
-
-
total
-
6 490
-
-
Dividends
-
23 010
-
-
withholding
-
6 903
-
-
total
-
6 903
-
-
Income
29 500
29 500
29 500
29 500
Total tax
18 698
13 393
13 747
14 794
After tax
10 802
16 107
15 753
14 706
Living cost
21 427
21 427
21 427
21 427
Free-cash
-10 625
-5 320
-5 674
-6 721

Estimated living cost  is ₴21427 per week

₴14201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2375
-₴5391
₴1459
₴1840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
health

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

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

-
-
-
3 516
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.

-
-
-
3 213
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.

-
-
-
177
trade
-
-
-
916
total
-
-
-
7 822
Employee

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

26 101
-
29 500
-
surtax

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

123
-
177
-
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.

2 243
-
3 213
-
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.

3 516
-
3 516
-
total
5 882
-
6 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 399
29 500
-
-
chamber of commerce
83
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.

28
243
-
-
trade
559
4 852
-
-
income
510
4 425
-
-
total
1 180
9 640
-
-
Dividends
2 219
19 860
-
-
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.

20
263
-
-
withholding
359
4 769
-
-
total
379
5 032
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 441
14 672
6 906
7 822
After tax
22 059
14 828
22 594
21 678
Living cost
20 219
20 219
20 219
20 219
Free-cash
1 840
-5 391
2 375
1 459

Estimated living cost  is ₴20219 per week

₴13523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
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.
₴4262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3362
₴1166
₴6432
₴2892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
4 602
health
-
-
-
752
income
-
-
-
1 020
total
-
-
-
6 374
Employee
39 578
39 578
39 578
-
social contributions
1 923
3 285
2 223
-
income
4 156
3 664
4 048
-
health
394
673
455
-
total
6 473
7 622
6 726
-
Employer
39 578
39 578
39 578
-
health
429
733
495
-
social contributions
1 923
3 285
2 223
-
total
2 352
4 018
2 718
-
Corporate
3 981
-
-
-
income
497
-
-
-
total
497
-
-
-
Dividends
3 484
-
-
-
withholding
592
-
-
-
total
592
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 914
11 640
9 444
6 374
After tax
19 586
17 860
20 056
23 126
Living cost
16 694
16 694
16 694
16 694
Free-cash
2 892
1 166
3 362
6 432

Estimated living cost  is ₴16694 per week

₴11412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
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.
₴3698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7586
₴7188
₴10921
₴7385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
2 065
income
-
-
-
3 606
pensions
-
-
-
2 950
unemployment
-
-
-
443
total
-
-
-
9 064
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.

13 736
5 467
24 686
-
income
1 679
668
3 018
-
pensions
1 374
547
2 469
-
health
962
383
1 728
-
unemployment
206
82
370
-
total
4 221
1 680
7 585
-
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.

13 736
5 467
24 686
-
pensions
2 678
1 066
4 814
-
total
2 678
1 066
4 814
-
Corporate
13 086
22 967
-
-
income
1 178
2 067
-
-
total
1 178
2 067
-
-
Dividends
11 908
20 900
-
-
social contributions
2 260
4 013
-
-
withholding
2 263
3 971
-
-
total
4 523
7 984
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 600
12 797
12 399
9 064
After tax
16 900
16 703
17 101
20 436
Living cost
9 515
9 515
9 515
9 515
Free-cash
7 385
7 188
7 586
10 921

Estimated living cost  is ₴9515 per week

₴6493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴190
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4944
₴11168
₴3919
₴7971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
3 835
income
-
-
-
3 415
pensions
-
-
-
5 899
total
-
-
-
13 149
Employee
14 601
-
22 047
-
income
1 644
-
3 878
-
pensions
292
-
441
-
unemployment
233
-
353
-
total
2 169
-
4 672
-
Employer
14 601
-
22 047
-
unemployment
117
-
177
-
health
1 898
-
2 866
-
pensions
2 920
-
4 409
-
total
4 935
-
7 452
-
Corporate
9 963
29 500
-
-
income
1 993
5 900
-
-
total
1 993
5 900
-
-
Dividends
7 971
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 097
5 900
12 124
13 149
After tax
20 403
23 600
17 376
16 351
Living cost
12 432
12 432
12 432
12 432
Free-cash
7 971
11 168
4 944
3 919

Estimated living cost  is ₴12432 per week

₴8527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
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.
₴2915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4175
-₴9015
₴8985
₴641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
5 501
pensions
-
-
-
2 157
total
-
-
-
9 111
Employee
17 939
-
24 506
-
income
2 461
-
3 362
-
pensions
2 020
-
2 759
-
health
2 054
-
2 806
-
total
6 535
-
8 927
-
Employer
17 939
-
24 506
-
unemployment
439
-
600
-
accident
299
-
409
-
pensions
2 917
-
3 985
-
total
3 655
-
4 994
-
Corporate
7 905
29 500
-
-
income

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

7 115
26 550
-
-
total
7 115
26 550
-
-
Dividends
790
2 950
-
-
withholding
150
561
-
-
total
150
561
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 455
27 111
13 921
9 111
After tax
12 045
2 389
15 579
20 389
Living cost
11 404
11 404
11 404
11 404
Free-cash
641
-9 015
4 175
8 985

Estimated living cost  is ₴11404 per week

₴8358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
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.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19335
₴23760
₴24940
₴22961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
29 500
microenterprise

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

-
-
-
295
total
-
-
-
295
Employee
5 331
-
29 500
-
income
1 066
-
5 900
-
total
1 066
-
5 900
-
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%.

24 169
29 500
-
-
total
-
-
-
-
Dividends
24 169
29 500
-
-
withholding
1 208
1 475
-
-
total
1 208
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 274
1 475
5 900
295
After tax
27 226
28 025
23 600
29 205
Living cost
4 265
4 265
4 265
4 265
Free-cash
22 961
23 760
19 335
24 940

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
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.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3576
₴7959
₴2259
₴4483
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
1 402
health
-
-
-
1 298
income
-
-
-
3 747
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.

-
-
-
7 079
total
-
-
-
13 526
Employee
18 688
-
23 562
-
income
3 217
-
4 056
-
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.

1 308
-
1 650
-
health
262
-
330
-
unemployment
187
-
235
-
total
4 974
-
6 271
-
Employer
18 688
-
23 562
-
other
935
-
1 178
-
unemployment
187
-
235
-
health
262
-
330
-
accident
149
-
189
-
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.

3 177
-
4 006
-
total
4 710
-
5 938
-
Corporate
6 102
29 500
-
-
income
1 281
6 195
-
-
total
1 281
6 195
-
-
Dividends
4 821
23 305
-
-
withholding
337
1 631
-
-
total
337
1 631
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 302
7 826
12 209
13 526
After tax
18 198
21 674
17 291
15 974
Living cost
13 715
13 715
13 715
13 715
Free-cash
4 483
7 959
3 576
2 259

Estimated living cost  is ₴13715 per week

₴9690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15111
-₴12184
-₴12126
-₴25660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
income
-
-
-
5 540
pensions
-
-
-
1 799
total
-
-
-
7 339
Employee
48 511
-
26 333
-
income
8 745
-
4 794
-
health
799
-
344
-
pensions
4 680
-
2 019
-
total
14 224
-
7 157
-
Employer
48 511
-
26 333
-
health
921
-
500
-
pensions
5 728
-
2 667
-
total
6 649
-
3 167
-
Corporate
-
29 500
-
-
income

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

-
5 605
-
-
total
-
5 605
-
-
Dividends
-
23 895
-
-
withholding
-
1 792
-
-
total
-
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
20 873
7 397
10 324
7 339
After tax
8 627
22 103
19 176
22 161
Living cost
34 287
34 287
34 287
34 287
Free-cash
-25 660
-12 184
-15 111
-12 126

Estimated living cost  is ₴34287 per week

₴25692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14152
₴18543
₴13646
₴16179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
2 046
income
-
-
-
4 425
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
-
-
-
9 175
Employee
8 843
-
26 009
-
income
884
-
2 601
-
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
-
5 177
-
Employer
8 843
-
26 009
-
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
18 921
29 500
-
-
income
1 892
2 950
-
-
total
1 892
2 950
-
-
Dividends
17 030
26 550
-
-
withholding
852
1 328
-
-
total
852
1 328
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 643
4 278
8 669
9 175
After tax
22 857
25 222
20 831
20 325
Living cost
6 679
6 679
6 679
6 679
Free-cash
16 179
18 543
14 152
13 646

Estimated living cost  is ₴6679 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
-₴28589
-₴25699
-₴11674
-₴26573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
4 529
income
-
-
-
2 794
pensions
-
-
-
5 310
total
-
-
-
12 633
Employee
47 719
43 953
43 953
-
income

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

7 194
7 194
7 194
-
pensions
6 030
6 030
7 912
-
health
5 953
5 738
6 746
-
total
19 177
18 962
21 852
-
Employer
47 719
43 953
43 953
-
unemployment
1 718
1 582
1 582
-
health
3 316
3 055
3 055
-
pensions
3 321
3 059
3 059
-
total
8 355
7 696
7 696
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
27 532
26 658
29 548
12 633
After tax
1 968
2 842
-48
16 867
Living cost
28 541
28 541
28 541
28 541
Free-cash
-26 573
-25 699
-28 589
-11 674

Estimated living cost  is ₴28541 per week

₴21053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2549
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.
₴4611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2256
₴7597
₴1653
₴3061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
8 614
health
-
-
-
3 983
income
-
-
-
2 536
solidarity contribution
-
-
-
-
total
-
-
-
15 133
Employee
18 697
-
22 015
-
social contributions
1 215
-
1 431
-
solidarity contribution
-
-
-
-
income
2 244
-
2 642
-
health
2 524
-
2 972
-
total
5 983
-
7 045
-
Employer
18 697
-
22 015
-
health
1 683
-
1 981
-
social contributions
4 674
-
5 504
-
total
6 357
-
7 485
-
Corporate
4 446
29 500
-
-
income
845
5 605
-
-
total
845
5 605
-
-
Dividends
3 601
23 895
-
-
withholding
540
3 584
-
-
total
540
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 725
9 189
14 530
15 133
After tax
15 775
20 311
14 970
14 367
Living cost
12 714
12 714
12 714
12 714
Free-cash
3 061
7 597
2 256
1 653

Estimated living cost  is ₴12714 per week

₴8831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
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.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7271
-₴5979
-₴5604
-₴16243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
7 587
national
-
-
-
5 330
regional
-
-
-
294
municipal
-
-
-
175
total
-
-
-
13 386
Employee
45 743
-
29 500
-
social contributions
15 425
-
9 947
-
municipal
242
-
156
-
national
7 926
-
4 693
-
regional
432
-
257
-
total
24 025
-
15 053
-
Employer
45 743
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
nationa
-
7 080
-
-
municipal
-
1 151
-
-
total
-
8 231
-
-
Dividends
-
21 269
-
-
withholding
-
5 530
-
-
total
-
5 530
-
-
Income
29 500
29 500
29 500
29 500
Total tax
24 025
13 761
15 053
13 386
After tax
5 475
15 739
14 447
16 114
Living cost
21 718
21 718
21 718
21 718
Free-cash
-16 243
-5 979
-7 271
-5 604

Estimated living cost  is ₴21718 per week

₴15139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Milan model

Close
Thessaloniki , Greece
₴4685
₴7198
₴5322
₴5595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
-
health
-
-
-
2 094
income
-
-
-
4 444
pensions
-
-
-
5 900
surtax
-
-
-
265
unemployment
-
-
-
117
total
-
-
-
12 820
Employee
17 021
-
24 370
-
surtax
56
-
217
-
income
2 853
-
4 166
-
other
-
-
-
-
pensions
1 135
-
1 625
-
health
435
-
621
-
unemployment
1 185
-
1 697
-
total
5 664
-
8 326
-
Employer
17 021
-
24 370
-
other
-
-
-
-
unemployment
539
-
773
-
health
775
-
1 109
-
pensions
2 269
-
3 249
-
total
3 583
-
5 131
-
Corporate
8 897
29 500
-
-
income
2 313
7 670
-
-
total
2 313
7 670
-
-
Dividends
6 584
21 830
-
-
withholding
987
3 274
-
-
total
987
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 547
10 944
13 457
12 820
After tax
16 953
18 556
16 043
16 680
Living cost
11 358
11 358
11 358
11 358
Free-cash
5 595
7 198
4 685
5 322

Estimated living cost  is ₴11358 per week

₴6945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4248
-₴1321
-₴1263
-₴7147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
income
-
-
-
5 540
pensions
-
-
-
1 799
total
-
-
-
7 339
Employee
32 510
-
26 333
-
income
5 855
-
4 794
-
health
472
-
344
-
pensions
2 759
-
2 019
-
total
9 086
-
7 157
-
Employer
32 510
-
26 333
-
health
618
-
500
-
pensions
3 519
-
2 667
-
total
4 137
-
3 167
-
Corporate
-
29 500
-
-
income

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

-
5 605
-
-
total
-
5 605
-
-
Dividends
-
23 895
-
-
withholding
-
1 792
-
-
total
-
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 223
7 397
10 324
7 339
After tax
16 277
22 103
19 176
22 161
Living cost
23 424
23 424
23 424
23 424
Free-cash
-7 147
-1 321
-4 248
-1 263

Estimated living cost  is ₴23424 per week

₴17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴17980
-₴28042
-₴16475
-₴23732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other

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

-
-
-
590
health
-
-
-
135
pensions
-
-
-
2 714
city
-
-
-
310
national
-
-
-
81
regional
-
-
-
614
total
-
-
-
4 444
Employee
48 602
-
26 405
-
national
230
-
64
-
city
522
-
284
-
pensions
4 083
-
2 218
-
health
110
-
60
-
regional
1 591
-
517
-
unemployment
-
-
-
-
total
6 536
-
3 143
-
Employer
48 602
-
26 405
-
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.

972
-
528
-
unemployment
-
-
-
-
health
110
-
60
-
pensions
4 083
-
2 218
-
total
5 165
-
2 806
-
Corporate
-
29 500
-
-
regional
-
6 239
-
-
national
-
2 508
-
-
total
-
8 747
-
-
Dividends
-
20 753
-
-
withholding
-
7 264
-
-
total
-
7 264
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 701
16 011
5 949
4 444
After tax
17 799
13 489
23 551
25 056
Living cost
41 531
41 531
41 531
41 531
Free-cash
-23 732
-28 042
-17 980
-16 475

Estimated living cost  is ₴41531 per week

₴27007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴984
-₴8903
-₴1939
-₴1431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
health

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

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

-
-
-
3 516
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.

-
-
-
3 213
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.

-
-
-
177
trade
-
-
-
955
total
-
-
-
7 861
Employee

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

30 932
-
29 500
-
surtax

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

200
-
177
-
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.

3 637
-
3 213
-
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.

3 516
-
3 516
-
total
7 353
-
6 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
29 500
-
-
chamber of commerce
-
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.

-
243
-
-
trade
-
5 059
-
-
income
-
4 425
-
-
total
-
9 847
-
-
Dividends
-
19 653
-
-
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.

-
260
-
-
withholding
-
4 718
-
-
total
-
4 978
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 353
14 825
6 906
7 861
After tax
22 147
14 675
22 594
21 639
Living cost
23 578
23 578
23 578
23 578
Free-cash
-1 431
-8 903
-984
-1 939

Estimated living cost  is ₴23578 per week

₴17221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴333
-₴2741
₴70
₴299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
914
social contributions
-
-
-
840
health
-
-
-
256
income
-
-
-
1 318
pensions
-
-
-
8 493
surtax
-
-
-
-
total
-
-
-
11 821
Employee
22 028
-
22 480
-
surtax
-
-
-
-
social contributions
628
-
641
-
income
1 300
-
1 355
-
pensions
2 491
-
2 542
-
total
4 419
-
4 538
-
Employer
22 028
-
22 480
-
other
760
-
776
-
unemployment
892
-
910
-
health
1 542
-
1 574
-
pensions
3 619
-
3 693
-
social contributions
66
-
67
-
total
6 879
-
7 020
-
Corporate
593
29 500
-
-
surtax
-
-
-
-
income
166
8 260
-
-
total
166
8 260
-
-
Dividends
427
21 240
-
-
social contributions
73
3 654
-
-
surtax
-
-
-
-
withholding
55
2 718
-
-
total
128
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 592
14 632
11 558
11 821
After tax
17 908
14 868
17 942
17 679
Living cost
17 609
17 609
17 609
17 609
Free-cash
299
-2 741
333
70

Estimated living cost  is ₴17609 per week

₴11103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2077
-₴997
₴1814
₴1861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
914
social contributions
-
-
-
840
health
-
-
-
256
income
-
-
-
1 318
pensions
-
-
-
8 493
surtax
-
-
-
-
total
-
-
-
11 821
Employee
19 663
-
22 480
-
surtax
-
-
-
-
social contributions
561
-
641
-
income
1 014
-
1 355
-
pensions
2 224
-
2 542
-
total
3 799
-
4 538
-
Employer
19 663
-
22 480
-
other
679
-
776
-
unemployment
796
-
910
-
health
1 376
-
1 574
-
pensions
3 231
-
3 693
-
social contributions
59
-
67
-
total
6 141
-
7 020
-
Corporate
3 696
29 500
-
-
surtax
-
-
-
-
income
1 035
8 260
-
-
total
1 035
8 260
-
-
Dividends
2 661
21 240
-
-
social contributions
458
3 654
-
-
surtax
-
-
-
-
withholding
341
2 718
-
-
total
799
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 774
14 632
11 558
11 821
After tax
17 726
14 868
17 942
17 679
Living cost
15 865
15 865
15 865
15 865
Free-cash
1 861
-997
2 077
1 814

Estimated living cost  is ₴15865 per week

₴9201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
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.
₴4752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6773
₴7083
₴8031
₴7350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
4 071
health
-
-
-
2 059
income
-
-
-
4 425
total
-
-
-
10 555
Employee
17 451
-
29 500
-
social contributions
2 409
-
4 071
-
income
2 911
-
5 683
-
health
1 218
-
2 059
-
total
6 538
-
11 813
-
Employer
17 451
-
29 500
-
total
-
-
-
-
Corporate
12 049
29 500
-
-
income

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

603
1 475
-
-
total
603
1 475
-
-
Dividends
11 446
28 025
-
-
social contributions
1 579
3 868
-
-
withholding
1 717
4 204
-
-
health
799
1 956
-
-
total
4 095
10 028
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 236
11 503
11 813
10 555
After tax
18 264
17 997
17 687
18 945
Living cost
10 914
10 914
10 914
10 914
Free-cash
7 350
7 083
6 773
8 031

Estimated living cost  is ₴10914 per week

₴7304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴673
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.
₴2685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6759
-₴1230
-₴1804
-₴4215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
2 257
income
-
-
-
2 076
chamber of commerce
-
-
-
118
pensions
-
-
-
5 458
surtax
-
-
-
102
unemployment
-
-
-
3 157
total
-
-
-
13 168
Employee
25 722
20 511
22 828
-
income
2 928
1 513
2 099
-
other
257
205
229
-
pensions
2 634
2 100
2 337
-
health
995
794
883
-
unemployment
772
615
685
-
total
7 586
5 227
6 233
-
Employer
25 722
20 511
22 828
-
other
1 222
974
1 084
-
unemployment
772
615
685
-
health
972
776
862
-
surtax
102
102
102
-
accident
334
267
297
-
pensions
3 228
2 575
2 865
-
payroll
772
615
685
-
chamber of commerce
103
82
91
-
total
7 505
6 006
6 671
-
Corporate
1 953
2 984
20 876
-
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.

488
746
5 219
-
total
488
746
5 219
-
Dividends
-
2 237
-
-
withholding
-
615
-
-
total
-
615
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 579
12 594
18 123
13 168
After tax
13 921
16 906
11 377
16 332
Living cost
18 136
18 136
18 136
18 136
Free-cash
-4 215
-1 230
-6 759
-1 804

Estimated living cost  is ₴18136 per week

₴12096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6098
-₴2141
-₴2901
-₴18033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
3 416
communal

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

-
-
-
1 565
national
-
-
-
8 654
total
-
-
-
13 635
Employee

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

36 816
-
22 848
-
national
11 319
-
6 003
-
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.

2 761
-
1 713
-
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.

1 730
-
1 073
-
communal

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

1 920
-
1 192
-
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.

320
-
199
-
total
18 050
-
10 180
-
Employer

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

36 816
-
22 848
-
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.

537
-
334
-
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.

2 264
-
1 406
-
surtax
4 175
-
2 590
-
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.

479
-
297
-
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.

3 262
-
2 025
-
total
10 717
-
6 652
-
Corporate
-
29 500
-
-
surtax
-
118
-
-
income
-
5 900
-
-
total
-
6 018
-
-
Dividends
-
23 481
-
-
withholding

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

-
6 857
-
-
total
-
6 857
-
-
Income
29 500
29 500
29 500
29 500
Total tax
28 767
12 875
16 832
13 635
After tax
733
16 625
12 668
15 865
Living cost
18 766
18 766
18 766
18 766
Free-cash
-18 033
-2 141
-6 098
-2 901

Estimated living cost  is ₴18766 per week

₴12088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1641
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.
₴4744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2131
₴1339
-₴2341
-₴4287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
29
accident
-
-
-
266
income
-
-
-
4 404
pensions
-
-
-
8 348
unemployment
-
-
-
206
total
-
-
-
13 253
Employee
25 620
-
22 369
-
income
5 406
-
4 492
-
other
25
-
22
-
pensions
1 204
-
1 051
-
unemployment
398
-
347
-
total
7 033
-
5 912
-
Employer
25 620
-
22 369
-
other
204
-
179
-
unemployment
1 409
-
1 231
-
accident
507
-
442
-
pensions
6 046
-
5 279
-
total
8 166
-
7 131
-
Corporate
-
29 500
-
-
income

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

-
4 425
-
-
total
-
4 425
-
-
Dividends
-
25 075
-
-
withholding
-
5 148
-
-
total
-
5 148
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 199
9 573
13 043
13 253
After tax
14 301
19 927
16 457
16 247
Living cost
18 588
18 588
18 588
18 588
Free-cash
-4 287
1 339
-2 131
-2 341

Estimated living cost  is ₴18588 per week

₴13688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7859
-₴9442
-₴8451
-₴14136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
2 212
accident
-
-
-
266
income
-
-
-
1 221
pensions
-
-
-
4 720
communal
-
-
-
-
surtax
-
-
-
1 561
total
-
-
-
9 980
Employee
38 977
-
26 352
-
surtax
2 389
-
1 616
-
income
3 765
-
1 344
-
pensions
3 118
-
2 108
-
health
1 735
-
1 172
-
total
11 007
-
6 240
-
Employer
38 977
-
26 352
-
health
1 189
-
803
-
accident
351
-
237
-
pensions
3 118
-
2 108
-
total
4 658
-
3 148
-
Corporate
-
29 500
-
-
surtax
-
310
-
-
income
-
4 425
-
-
communal
-
1 992
-
-
total
-
6 727
-
-
Dividends
-
22 774
-
-
income
-
827
-
-
withholding
-
3 417
-
-
total
-
4 244
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 665
10 971
9 388
9 980
After tax
13 835
18 529
20 112
19 520
Living cost
27 971
27 971
27 971
27 971
Free-cash
-14 136
-9 442
-7 859
-8 451

Estimated living cost  is ₴27971 per week

₴20982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4482
₴6995
₴5119
₴5359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
-
health
-
-
-
2 094
income
-
-
-
4 444
pensions
-
-
-
5 900
surtax
-
-
-
265
unemployment
-
-
-
117
total
-
-
-
12 820
Employee
17 333
-
24 370
-
surtax
62
-
217
-
income
2 906
-
4 166
-
other
-
-
-
-
pensions
1 156
-
1 625
-
health
442
-
621
-
unemployment
1 206
-
1 697
-
total
5 772
-
8 326
-
Employer
17 333
-
24 370
-
other
-
-
-
-
unemployment
550
-
773
-
health
788
-
1 109
-
pensions
2 311
-
3 249
-
total
3 649
-
5 131
-
Corporate
8 518
29 500
-
-
income
2 214
7 670
-
-
total
2 214
7 670
-
-
Dividends
6 304
21 830
-
-
withholding
945
3 274
-
-
total
945
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 580
10 944
13 457
12 820
After tax
16 920
18 556
16 043
16 680
Living cost
11 561
11 561
11 561
11 561
Free-cash
5 359
6 995
4 482
5 119

Estimated living cost  is ₴11561 per week

₴6980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
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.
₴3308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴442
₴1641
₴2098
₴498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
7 587
national
-
-
-
5 330
regional
-
-
-
445
municipal
-
-
-
175
total
-
-
-
13 537
Employee
28 551
-
29 500
-
social contributions
9 628
-
9 947
-
municipal
151
-
156
-
national
4 523
-
4 693
-
regional
384
-
397
-
total
14 686
-
15 193
-
Employer
28 551
-
29 500
-
total
-
-
-
-
Corporate
949
29 500
-
-
nationa
228
7 080
-
-
municipal
47
1 466
-
-
total
275
8 546
-
-
Dividends
675
20 954
-
-
withholding
176
5 448
-
-
total
176
5 448
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 137
13 994
15 193
13 537
After tax
14 363
15 506
14 307
15 963
Living cost
13 865
13 865
13 865
13 865
Free-cash
498
1 641
442
2 098

Estimated living cost  is ₴13865 per week

₴8623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴697
₴4644
-₴1300
-₴1374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
8 614
health
-
-
-
3 983
income
-
-
-
2 536
solidarity contribution
-
-
-
-
total
-
-
-
15 133
Employee
23 040
-
22 015
-
social contributions
1 498
-
1 431
-
solidarity contribution
-
-
-
-
income
2 765
-
2 642
-
health
3 110
-
2 972
-
total
7 373
-
7 045
-
Employer
23 040
-
22 015
-
health
2 074
-
1 981
-
social contributions
5 760
-
5 504
-
total
7 834
-
7 485
-
Corporate
-
29 500
-
-
income
-
5 605
-
-
total
-
5 605
-
-
Dividends
-
23 895
-
-
withholding
-
3 584
-
-
total
-
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 207
9 189
14 530
15 133
After tax
14 293
20 311
14 970
14 367
Living cost
15 667
15 667
15 667
15 667
Free-cash
-1 374
4 644
-697
-1 300

Estimated living cost  is ₴15667 per week

₴11651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
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.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5023
₴540
₴13
₴26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
2 257
income
-
-
-
2 076
chamber of commerce
-
-
-
118
pensions
-
-
-
5 458
surtax
-
-
-
-
unemployment
-
-
-
3 157
total
-
-
-
13 066
Employee
22 499
20 511
22 906
-
income
2 004
1 513
2 120
-
other
225
205
230
-
pensions
2 304
2 100
2 345
-
health
870
794
887
-
unemployment
675
615
688
-
total
6 078
5 227
6 270
-
Employer
22 499
20 511
22 906
-
other
1 069
974
1 088
-
unemployment
675
615
688
-
health
851
776
865
-
surtax
-
-
-
-
accident
292
267
298
-
pensions
2 824
2 575
2 875
-
payroll
675
615
688
-
chamber of commerce
90
82
92
-
total
6 476
5 904
6 594
-
Corporate
1 953
3 085
20 954
-
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.

488
772
5 238
-
total
488
772
5 238
-
Dividends
38
2 314
-
-
withholding
11
636
-
-
total
11
636
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 053
12 539
18 102
13 066
After tax
16 447
16 961
11 398
16 434
Living cost
16 421
16 421
16 421
16 421
Free-cash
26
540
-5 023
13

Estimated living cost  is ₴16421 per week

₴9850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16954
₴21379
₴22559
₴20132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
29 500
microenterprise

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

-
-
-
295
total
-
-
-
295
Employee
8 308
-
29 500
-
income
1 662
-
5 900
-
total
1 662
-
5 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

21 192
29 500
-
-
total
-
-
-
-
Dividends
21 192
29 500
-
-
withholding
1 060
1 475
-
-
total
1 060
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 722
1 475
5 900
295
After tax
26 778
28 025
23 600
29 205
Living cost
6 646
6 646
6 646
6 646
Free-cash
20 132
21 379
16 954
22 559

Estimated living cost  is ₴6646 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1571
₴6505
₴2420
₴2199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
health
-
-
-
2 903
income
-
-
-
4 940
pensions
-
-
-
5 388
unemployment
-
-
-
44
total
-
-
-
13 275
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.

22 760
-
25 526
-
income
3 925
-
4 507
-
pensions
3 528
-
3 957
-
health
1 470
-
1 649
-
unemployment
32
-
36
-
total
8 955
-
10 149
-
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.

22 760
-
25 526
-
unemployment
14
-
16
-
health
1 516
-
1 700
-
pensions
2 014
-
2 259
-
total
3 544
-
3 975
-
Corporate
3 196
29 500
-
-
income
608
5 605
-
-
total
608
5 605
-
-
Dividends
2 589
23 895
-
-
withholding
389
3 585
-
-
total
389
3 585
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 496
9 190
14 124
13 275
After tax
16 004
20 310
15 376
16 225
Living cost
13 805
13 805
13 805
13 805
Free-cash
2 199
6 505
1 571
2 420

Estimated living cost  is ₴13805 per week

₴9474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴828
-₴5294
-₴2855
-₴50815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
3 363
income
-
-
-
5 750
total
-
-
-
9 113
Employee
33 325
-
-
-
social contributions
2 733
-
389
-
income
7 351
-
-
-
total
10 084
-
389
-
Employer
33 325
-
-
-
social contributions
46 989
-
6 697
-
total
46 989
-
6 697
-
Corporate
-
29 500
-
-
income
-
6 490
-
-
total
-
6 490
-
-
Dividends
-
23 010
-
-
income
-
5 062
-
-
total
-
5 062
-
-
Income
29 500
29 500
29 500
29 500
Total tax
57 073
11 552
7 086
9 113
After tax
-27 573
17 948
22 414
20 387
Living cost
23 242
23 242
23 242
23 242
Free-cash
-50 815
-5 294
-828
-2 855

Estimated living cost  is ₴23242 per week

₴15080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴96
₴635
₴885
₴117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
social contributions

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

-
-
-
10 251
income
-
-
-
2 220
surtax
-
-
-
-
total
-
-
-
12 471
Employee
23 672
-
23 838
-
surtax
-
-
-
-
social contributions
2 604
-
2 623
-
income
4 924
-
4 976
-
total
7 528
-
7 599
-
Employer
23 672
-
23 838
-
social contributions
5 622
-
5 661
-
total
5 622
-
5 661
-
Corporate
206
29 500
-
-
surtax
-
-
-
-
income
43
6 195
-
-
total
43
6 195
-
-
Dividends
163
23 305
-
-
withholding
46
6 526
-
-
total
46
6 526
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 239
12 721
13 260
12 471
After tax
16 261
16 779
16 240
17 029
Living cost
16 144
16 144
16 144
16 144
Free-cash
117
635
96
885

Estimated living cost  is ₴16144 per week

₴12079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴952
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.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6917
-₴9991
-₴7180
-₴12804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
914
social contributions
-
-
-
840
health
-
-
-
256
income
-
-
-
1 318
pensions
-
-
-
8 493
surtax
-
-
-
-
total
-
-
-
11 821
Employee
32 236
-
22 480
-
surtax
-
-
-
-
social contributions
918
-
641
-
income
2 813
-
1 355
-
pensions
3 646
-
2 542
-
total
7 377
-
4 538
-
Employer
32 236
-
22 480
-
other
1 112
-
776
-
unemployment
1 306
-
910
-
health
2 256
-
1 574
-
pensions
5 297
-
3 693
-
social contributions
97
-
67
-
total
10 068
-
7 020
-
Corporate
-
29 500
-
-
surtax
-
-
-
-
income
-
8 260
-
-
total
-
8 260
-
-
Dividends
-
21 240
-
-
social contributions
-
3 654
-
-
surtax
-
-
-
-
withholding
-
2 718
-
-
total
-
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 445
14 632
11 558
11 821
After tax
12 055
14 868
17 942
17 679
Living cost
24 859
24 859
24 859
24 859
Free-cash
-12 804
-9 991
-6 917
-7 180

Estimated living cost  is ₴24859 per week

₴16824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8388
₴11078
₴7539
₴9349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
income
-
-
-
-
social contributions
-
-
-
6 489
total
-
-
-
6 489
Employee
16 547
-
25 541
-
income
-
-
22
-
social contributions
1 075
-
1 659
-
total
1 075
-
1 681
-
Employer
16 547
-
25 541
-
social contributions
2 565
-
3 959
-
total
2 565
-
3 959
-
Corporate
10 388
29 500
-
-
income
1 039
2 950
-
-
total
1 039
2 950
-
-
Dividends
9 349
26 550
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
4 679
2 950
5 640
6 489
After tax
24 821
26 550
23 860
23 011
Living cost
15 472
15 472
15 472
15 472
Free-cash
9 349
11 078
8 388
7 539

Estimated living cost  is ₴15472 per week

₴10004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴82457
-₴82457
-₴5597
-₴82457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
labour market
-
-
-
2 324
pensions
-
-
-
445
national
-
-
-
2 795
municipal
-
-
-
4 786
total
-
-
-
10 350
Employee
104 453
104 453
104 453
-
labour market
8 344
8 344
8 344
-
municipal
22 243
22 243
22 243
-
national
12 761
12 761
12 761
-
pensions
148
148
148
-
total
43 496
43 496
43 496
-
Employer
104 453
104 453
104 453
-
national
12 783
12 783
12 783
-
labour market
8 356
8 356
8 356
-
pensions
297
297
297
-
municipal
22 278
22 278
22 278
-
total
43 714
43 714
43 714
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
87 210
87 210
87 210
10 350
After tax
-57 710
-57 710
-57 710
19 150
Living cost
24 747
24 747
24 747
24 747
Free-cash
-82 457
-82 457
-82 457
-5 597

Estimated living cost  is ₴24747 per week

₴16937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4343
-₴8847
₴9153
₴666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
5 501
pensions
-
-
-
2 157
total
-
-
-
9 111
Employee
17 674
-
24 506
-
income
2 425
-
3 362
-
pensions
1 990
-
2 759
-
health
2 024
-
2 806
-
total
6 439
-
8 927
-
Employer
17 674
-
24 506
-
unemployment
433
-
600
-
accident
295
-
409
-
pensions
2 874
-
3 985
-
total
3 602
-
4 994
-
Corporate
8 224
29 500
-
-
income

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

7 401
26 550
-
-
total
7 401
26 550
-
-
Dividends
822
2 950
-
-
withholding
156
561
-
-
total
156
561
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 598
27 111
13 921
9 111
After tax
11 902
2 389
15 579
20 389
Living cost
11 236
11 236
11 236
11 236
Free-cash
666
-8 847
4 343
9 153

Estimated living cost  is ₴11236 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1550
₴623
₴3118
-₴2687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
29 500
health
-
-
-
239
national
-
-
-
1 115
municipal
-
-
-
5 267
total
-
-
-
6 621
Employee
27 079
-
24 818
-
municipal
4 435
-
4 069
-
national
447
-
325
-
pensions
1 827
-
1 675
-
health
202
-
167
-
unemployment
406
-
372
-
total
7 317
-
6 608
-
Employer
27 079
-
24 818
-
unemployment
176
-
161
-
health
208
-
191
-
accident
27
-
24
-
pensions
4 698
-
4 305
-
total
5 109
-
4 681
-
Corporate
-
29 500
-
-
income
-
5 900
-
-
total
-
5 900
-
-
Dividends

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

-
17 700
-
-
national
-
30
-
-
municipal
-
3 186
-
-
total
-
3 216
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 426
9 116
11 289
6 621
After tax
17 074
20 384
18 211
22 879
Living cost
19 761
19 761
19 761
19 761
Free-cash
-2 687
623
-1 550
3 118

Estimated living cost  is ₴19761 per week

₴12908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8139
₴5943
₴11209
₴7003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
4 602
health
-
-
-
752
income
-
-
-
1 020
total
-
-
-
6 374
Employee
39 578
39 578
39 578
-
social contributions
1 496
3 285
2 223
-
income
4 309
3 664
4 048
-
health
307
673
455
-
total
6 112
7 622
6 726
-
Employer
39 578
39 578
39 578
-
health
333
733
495
-
social contributions
1 496
3 285
2 223
-
total
1 829
4 018
2 718
-
Corporate
9 642
-
-
-
income
1 205
-
-
-
total
1 205
-
-
-
Dividends
8 436
-
-
-
withholding
1 434
-
-
-
total
1 434
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 580
11 640
9 444
6 374
After tax
18 920
17 860
20 056
23 126
Living cost
11 917
11 917
11 917
11 917
Free-cash
7 003
5 943
8 139
11 209

Estimated living cost  is ₴11917 per week

₴7142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10100
₴16257
₴13679
₴13636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 500
health
-
-
-
1 863
income
-
-
-
2 497
pensions
-
-
-
3 274
unemployment
-
-
-
15
total
-
-
-
7 649
Employee

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

11 814
-
26 746
-
income
808
-
2 054
-
pensions
1 772
-
4 011
-
health
1 004
-
2 274
-
unemployment
59
-
134
-
total
3 643
-
8 473
-
Employer

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

11 814
-
26 746
-
unemployment
59
-
134
-
health
508
-
1 150
-
pensions
650
-
1 471
-
total
1 217
-
2 755
-
Corporate
16 470
29 500
-
-
income
1 483
2 655
-
-
total
1 483
2 655
-
-
Dividends
14 987
26 845
-
-
withholding
1 349
2 416
-
-
total
1 349
2 416
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 692
5 071
11 228
7 649
After tax
21 808
24 429
18 272
21 851
Living cost
8 172
8 172
8 172
8 172
Free-cash
13 636
16 257
10 100
13 679

Estimated living cost  is ₴8172 per week

₴5214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2303
₴5773
₴2093
₴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
-
-
-
29 500
other
-
-
-
29
accident
-
-
-
266
income
-
-
-
4 404
pensions
-
-
-
8 348
unemployment
-
-
-
206
total
-
-
-
13 253
Employee
19 031
-
22 369
-
income
3 669
-
4 492
-
other
19
-
22
-
pensions
895
-
1 051
-
unemployment
295
-
347
-
total
4 878
-
5 912
-
Employer
19 031
-
22 369
-
other
152
-
179
-
unemployment
1 047
-
1 231
-
accident
377
-
442
-
pensions
4 491
-
5 279
-
total
6 067
-
7 131
-
Corporate
4 401
29 500
-
-
income

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

660
4 425
-
-
total
660
4 425
-
-
Dividends
3 741
25 075
-
-
withholding
711
5 148
-
-
total
711
5 148
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 316
9 573
13 043
13 253
After tax
17 184
19 927
16 457
16 247
Living cost
14 154
14 154
14 154
14 154
Free-cash
3 030
5 773
2 303
2 093

Estimated living cost  is ₴14154 per week

₴9553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17592
₴17454
₴17660
₴17297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
505
income
-
-
-
9 685
pensions
-
-
-
696
total
-
-
-
10 886
Employee
1 454
-
28 717
-
income
281
-
9 648
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
10 170
-
Employer
1 454
-
28 717
-
unemployment
29
-
70
-
health
138
-
331
-
pensions
160
-
383
-
total
327
-
784
-
Corporate
27 719
29 500
-
-
income
6 098
6 490
-
-
total
6 098
6 490
-
-
Dividends
21 621
23 010
-
-
withholding
4 324
4 602
-
-
total
4 324
4 602
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 249
11 092
10 954
10 886
After tax
18 251
18 408
18 546
18 614
Living cost
954
954
954
954
Free-cash
17 297
17 454
17 592
17 660

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
₴6983
₴12432
₴5716
₴9906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
health
-
-
-
3 039
income
-
-
-
3 751
pensions
-
-
-
7 670
unemployment
-
-
-
442
total
-
-
-
14 902
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.

13 393
-
25 021
-
income
1 846
-
4 175
-
pensions
1 875
-
3 503
-
health
690
-
1 289
-
unemployment
100
-
188
-
total
4 511
-
9 155
-
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.

13 393
-
25 021
-
unemployment
100
-
188
-
health
690
-
1 289
-
pensions
1 607
-
3 003
-
total
2 397
-
4 480
-
Corporate
13 710
29 500
-
-
income
2 056
4 425
-
-
total
2 056
4 425
-
-
Dividends
11 653
25 075
-
-
withholding
1 748
3 761
-
-
total
1 748
3 761
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 712
8 186
13 635
14 902
After tax
18 788
21 314
15 865
14 598
Living cost
8 882
8 882
8 882
8 882
Free-cash
9 906
12 432
6 983
5 716

Estimated living cost  is ₴8882 per week

₴5980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2364
₴2903
₴3153
₴2718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
social contributions

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

-
-
-
10 251
income
-
-
-
2 220
surtax
-
-
-
-
total
-
-
-
12 471
Employee
19 976
-
23 838
-
surtax
-
-
-
-
social contributions
2 198
-
2 623
-
income
3 903
-
4 976
-
total
6 101
-
7 599
-
Employer
19 976
-
23 838
-
social contributions
4 744
-
5 661
-
total
4 744
-
5 661
-
Corporate
4 780
29 500
-
-
surtax
-
-
-
-
income
1 004
6 195
-
-
total
1 004
6 195
-
-
Dividends
3 775
23 305
-
-
withholding
1 057
6 526
-
-
total
1 057
6 526
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 906
12 721
13 260
12 471
After tax
16 594
16 779
16 240
17 029
Living cost
13 876
13 876
13 876
13 876
Free-cash
2 718
2 903
2 364
3 153

Estimated living cost  is ₴13876 per week

₴9828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴2838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1632
₴1838
-₴1842
-₴3282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
29
accident
-
-
-
266
income
-
-
-
4 404
pensions
-
-
-
8 348
unemployment
-
-
-
206
total
-
-
-
13 253
Employee
24 857
-
22 369
-
income
5 192
-
4 492
-
other
24
-
22
-
pensions
1 168
-
1 051
-
unemployment
385
-
347
-
total
6 769
-
5 912
-
Employer
24 857
-
22 369
-
other
199
-
179
-
unemployment
1 367
-
1 231
-
accident
492
-
442
-
pensions
5 866
-
5 279
-
total
7 924
-
7 131
-
Corporate
-
29 500
-
-
income

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

-
4 425
-
-
total
-
4 425
-
-
Dividends
-
25 075
-
-
withholding
-
5 148
-
-
total
-
5 148
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 693
9 573
13 043
13 253
After tax
14 807
19 927
16 457
16 247
Living cost
18 089
18 089
18 089
18 089
Free-cash
-3 282
1 838
-1 632
-1 842

Estimated living cost  is ₴18089 per week

₴12991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12069
₴16460
₴11563
₴13354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
health
-
-
-
2 046
income
-
-
-
4 425
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
-
-
-
9 175
Employee
11 603
-
26 009
-
income
1 160
-
2 601
-
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
-
5 177
-
Employer
11 603
-
26 009
-
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
15 621
29 500
-
-
income
1 562
2 950
-
-
total
1 562
2 950
-
-
Dividends
14 059
26 550
-
-
withholding
703
1 328
-
-
total
703
1 328
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 384
4 278
8 669
9 175
After tax
22 116
25 222
20 831
20 325
Living cost
8 762
8 762
8 762
8 762
Free-cash
13 354
16 460
12 069
11 563

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
₴2723
-₴4588
₴1924
₴2145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
health

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

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

-
-
-
3 516
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.

-
-
-
3 213
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.

-
-
-
177
trade
-
-
-
799
total
-
-
-
7 705
Employee

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

25 609
-
29 500
-
surtax

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

116
-
177
-
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.

2 106
-
3 213
-
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.

3 516
-
3 516
-
total
5 738
-
6 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 891
29 500
-
-
chamber of commerce
84
121
-
-
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.

32
243
-
-
trade
559
4 233
-
-
income
584
4 425
-
-
total
1 259
9 022
-
-
Dividends
2 632
20 478
-
-
surtax

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

25
271
-
-
withholding
462
4 924
-
-
total
487
5 195
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 484
14 217
6 906
7 705
After tax
22 016
15 283
22 594
21 795
Living cost
19 871
19 871
19 871
19 871
Free-cash
2 145
-4 588
2 723
1 924

Estimated living cost  is ₴19871 per week

₴13707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6269
-₴8669
-₴6269
-₴10761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
income
-
-
-
4 289
social contributions
-
-
-
2 161
total
-
-
-
6 450
Employee
40 261
-
29 500
-
income
7 597
-
4 289
-
social contributions
3 345
-
2 161
-
total
10 942
-
6 450
-
Employer
40 261
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
income
-
3 687
-
-
total
-
3 687
-
-
Dividends
-
25 813
-
-
withholding
-
5 163
-
-
total
-
5 163
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 942
8 850
6 450
6 450
After tax
18 558
20 650
23 050
23 050
Living cost
29 319
29 319
29 319
29 319
Free-cash
-10 761
-8 669
-6 269
-6 269

Estimated living cost  is ₴29319 per week

₴22306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2389
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.
₴4345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2638
-₴2228
-₴7013
₴753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
income
-
-
-
14 651
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
-
-
-
17 829
Employee
23 611
-
27 132
-
income
2 562
-
3 442
-
social contributions
2 366
-
2 368
-
total
4 928
-
5 810
-
Employer
23 611
-
27 132
-
social contributions
2 366
-
2 368
-
total
2 366
-
2 368
-
Corporate
3 523
29 500
-
-
income
1 233
10 325
-
-
total
1 233
10 325
-
-
Dividends
2 291
19 175
-
-
social contributions
1 536
2 719
-
-
total
1 536
2 719
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 063
13 044
8 178
17 829
After tax
19 437
16 456
21 322
11 671
Living cost
18 684
18 684
18 684
18 684
Free-cash
753
-2 228
2 638
-7 013

Estimated living cost  is ₴18684 per week

₴12307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴133
₴3060
₴3118
₴166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
income
-
-
-
5 540
pensions
-
-
-
1 799
total
-
-
-
7 339
Employee
26 139
-
26 333
-
income
4 760
-
4 794
-
health
341
-
344
-
pensions
1 995
-
2 019
-
total
7 096
-
7 157
-
Employer
26 139
-
26 333
-
health
497
-
500
-
pensions
2 641
-
2 667
-
total
3 138
-
3 167
-
Corporate
224
29 500
-
-
income

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

43
5 605
-
-
total
43
5 605
-
-
Dividends
181
23 895
-
-
withholding
14
1 792
-
-
total
14
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 291
7 397
10 324
7 339
After tax
19 209
22 103
19 176
22 161
Living cost
19 043
19 043
19 043
19 043
Free-cash
166
3 060
133
3 118

Estimated living cost  is ₴19043 per week

₴13063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1751
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.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3231
-₴9959
₴8041
₴496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
other
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
5 501
pensions
-
-
-
2 157
total
-
-
-
9 111
Employee
19 424
-
24 506
-
income
2 665
-
3 362
-
pensions
2 187
-
2 759
-
health
2 224
-
2 806
-
total
7 076
-
8 927
-
Employer
19 424
-
24 506
-
unemployment
476
-
600
-
accident
324
-
409
-
pensions
3 158
-
3 985
-
total
3 958
-
4 994
-
Corporate
6 118
29 500
-
-
income

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

5 506
26 550
-
-
total
5 506
26 550
-
-
Dividends
612
2 950
-
-
withholding
116
561
-
-
total
116
561
-
-
Income
29 500
29 500
29 500
29 500
Total tax
16 656
27 111
13 921
9 111
After tax
12 844
2 389
15 579
20 389
Living cost
12 348
12 348
12 348
12 348
Free-cash
496
-9 959
3 231
8 041

Estimated living cost  is ₴12348 per week

₴9062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10504
₴18133
₴10504
₴15633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 500
income
-
-
-
3 941
health insurance
-
-
-
2 183
work injury
-
-
-
148
pensions
-
-
-
5 428
unemployment
-
-
-
354
total
-
-
-
12 054
Employee

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

11 107
-
29 500
-
income
1 111
-
3 941
-
work injury
56
-
148
-
health insurance
822
-
2 183
-
pensions
2 044
-
5 428
-
unemployment
133
-
354
-
total
4 166
-
12 054
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 393
29 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
18 393
29 500
-
-
withholding
2 759
4 425
-
-
total
2 759
4 425
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 925
4 425
12 054
12 054
After tax
22 575
25 075
17 446
17 446
Living cost
6 942
6 942
6 942
6 942
Free-cash
15 633
18 133
10 504
10 504

Estimated living cost  is ₴6942 per week

₴4301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
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.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6207
-₴4965
-₴4570
-₴13872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
social contributions
-
-
-
7 587
national
-
-
-
5 330
regional
-
-
-
452
municipal
-
-
-
197
total
-
-
-
13 566
Employee
43 371
-
29 500
-
social contributions
14 625
-
9 947
-
municipal
259
-
176
-
national
7 329
-
4 693
-
regional
655
-
387
-
total
22 868
-
15 203
-
Employer
43 371
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
nationa
-
7 080
-
-
municipal
-
1 422
-
-
total
-
8 502
-
-
Dividends
-
20 998
-
-
withholding
-
5 459
-
-
total
-
5 459
-
-
Income
29 500
29 500
29 500
29 500
Total tax
22 868
13 961
15 203
13 566
After tax
6 632
15 539
14 297
15 934
Living cost
20 504
20 504
20 504
20 504
Free-cash
-13 872
-4 965
-6 207
-4 570

Estimated living cost  is ₴20504 per week

₴14403
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.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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