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
₴6528
₴41
₴5494
₴7565
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
1 037
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.

-
-
-
3 368
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.

-
-
-
190
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.

-
-
-
3 446
total
-
-
-
8 041
Employee

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

18 855
-
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.

29
-
190
-
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.

527
-
3 446
-
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.

3 368
-
3 368
-
total
3 924
-
7 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 645
29 500
-
-
trade
1 676
4 647
-
-
income
1 597
4 425
-
-
chamber of commerce
90
117
-
-
surtax

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

88
243
-
-
total
3 451
9 432
-
-
Dividends
7 194
20 069
-
-
withholding
1 611
4 830
-
-
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.

89
266
-
-
total
1 700
5 096
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 075
14 528
7 004
8 041
After tax
20 425
14 972
22 496
21 459
Living cost
14 931
14 931
14 931
14 931
Free-cash
5 494
41
7 565
6 528

Estimated living cost  is ₴14931 per week

₴9392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
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.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7769
-₴7881
-₴14951
-₴7537
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
2 794
pensions
-
-
-
3 540
social contributions
-
-
-
317
national
-
-
-
4 329
total
-
-
-
10 980
Employee
40 753
-
25 502
-
municipal
5 034
-
2 908
-
national
7 800
-
4 506
-
pensions
1 630
-
1 020
-
total
14 464
-
8 434
-
Employer
40 753
-
25 502
-
pensions
3 260
-
2 040
-
social contributions
438
-
274
-
total
3 698
-
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
18 162
11 092
10 748
10 980
After tax
11 338
18 408
18 752
18 520
Living cost
26 289
26 289
26 289
26 289
Free-cash
-14 951
-7 881
-7 537
-7 769

Estimated living cost  is ₴26289 per week

₴17869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2444
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13267
₴13344
₴9299
₴6597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 552
income
-
-
-
-
microenterprise
-
-
-
4 425
total
-
-
-
5 977
Employee
14 404
-
23 773
-
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.

1 585
-
2 615
-
surtax
-
-
-
-
income
2 564
-
4 305
-
total
4 149
-
6 920
-
Employer
14 404
-
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.

3 470
-
5 727
-
total
3 470
-
5 727
-
Corporate
11 626
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%.

2 326
5 900
-
-
total
2 326
5 900
-
-
Dividends

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

9 300
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 945
5 900
12 647
5 977
After tax
19 555
23 600
16 853
23 523
Living cost
10 256
10 256
10 256
10 256
Free-cash
9 299
13 344
6 597
13 267

Estimated living cost  is ₴10256 per week

₴6543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3796
-₴16685
-₴19451
-₴19451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 311
health
-
-
-
4 528
income
-
-
-
2 806
total
-
-
-
12 645
Employee
42 096
42 096
42 096
-
pensions
7 577
5 776
7 577
-
income

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

6 891
6 891
6 891
-
health
6 461
5 496
6 461
-
total
20 929
18 163
20 929
-
Employer
42 096
42 096
42 096
-
pensions
2 930
2 930
2 930
-
unemployment
1 515
1 515
1 515
-
health
2 926
2 926
2 926
-
total
7 371
7 371
7 371
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
28 300
25 534
28 300
12 645
After tax
1 200
3 966
1 200
16 855
Living cost
20 651
20 651
20 651
20 651
Free-cash
-19 451
-16 685
-19 451
-3 796

Estimated living cost  is ₴20651 per week

₴14635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5645
-₴4243
-₴8606
-₴4597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6 248
pensions
-
-
-
3 189
health
-
-
-
1 841
other
-
-
-
3 428
unemployment
-
-
-
30
accident
-
-
-
59
national
-
-
-
-
total
-
-
-
14 795
Employee
28 996
-
22 447
-
municipal
8 647
-
6 694
-
national
-
-
-
-
total
8 647
-
6 694
-
Employer
28 996
-
22 447
-
pensions
3 134
-
2 426
-
other
3 369
-
2 608
-
unemployment
765
-
593
-
accident
58
-
45
-
health
1 783
-
1 381
-
total
9 109
-
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
17 756
13 393
13 747
14 795
After tax
11 744
16 107
15 753
14 705
Living cost
20 350
20 350
20 350
20 350
Free-cash
-8 606
-4 243
-4 597
-5 645

Estimated living cost  is ₴20350 per week

₴13487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2049
-₴4543
₴2382
₴3131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
1 082
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.

-
-
-
3 368
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.

-
-
-
190
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.

-
-
-
3 446
total
-
-
-
8 086
Employee

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

24 999
-
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.

118
-
190
-
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.

2 148
-
3 446
-
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.

3 368
-
3 368
-
total
5 634
-
7 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 501
29 500
-
-
trade
741
4 852
-
-
income
675
4 425
-
-
chamber of commerce
81
117
-
-
surtax

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

37
243
-
-
total
1 534
9 637
-
-
Dividends
2 966
19 863
-
-
withholding
554
4 778
-
-
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.

31
263
-
-
total
585
5 041
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 753
14 678
7 004
8 086
After tax
21 747
14 822
22 496
21 414
Living cost
19 365
19 365
19 365
19 365
Free-cash
2 382
-4 543
3 131
2 049

Estimated living cost  is ₴19365 per week

₴12952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6976
₴2363
₴3675
₴4271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
752
social contributions
-
-
-
4 602
income
-
-
-
1 181
total
-
-
-
6 535
Employee
37 906
37 906
37 906
-
social contributions
1 842
3 146
2 223
-
income
3 980
3 509
3 842
-
health
377
645
456
-
total
6 199
7 300
6 521
-
Employer
37 906
37 906
37 906
-
social contributions
1 842
3 146
2 223
-
health
411
702
496
-
total
2 253
3 848
2 719
-
Corporate
5 059
-
-
-
income
632
-
-
-
total
632
-
-
-
Dividends
4 427
-
-
-
withholding
752
-
-
-
total
752
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 836
11 148
9 240
6 535
After tax
19 664
18 352
20 260
22 965
Living cost
15 989
15 989
15 989
15 989
Free-cash
3 675
2 363
4 271
6 976

Estimated living cost  is ₴15989 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
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.
₴3542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11392
₴7649
₴7836
₴8056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 950
health
-
-
-
2 065
unemployment
-
-
-
442
income
-
-
-
3 606
total
-
-
-
9 063
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.

13 057
5 196
24 686
-
pensions
1 306
520
2 469
-
unemployment
196
78
370
-
income
1 596
635
3 018
-
health
914
364
1 728
-
total
4 012
1 597
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.

13 057
5 196
24 686
-
pensions
2 546
1 013
4 814
-
total
2 546
1 013
4 814
-
Corporate
13 897
23 290
-
-
income
1 251
2 096
-
-
total
1 251
2 096
-
-
Dividends
12 646
21 194
-
-
withholding
2 403
4 027
-
-
social contributions
2 407
4 073
-
-
total
4 810
8 100
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 619
12 806
12 399
9 063
After tax
16 881
16 694
17 101
20 437
Living cost
9 045
9 045
9 045
9 045
Free-cash
7 836
7 649
8 056
11 392

Estimated living cost  is ₴9045 per week

₴6173
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.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4328
₴11693
₴8630
₴5353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 900
health
-
-
-
3 835
income
-
-
-
3 530
total
-
-
-
13 265
Employee
13 984
-
22 047
-
pensions
280
-
441
-
unemployment
224
-
353
-
income
1 574
-
3 993
-
total
2 078
-
4 787
-
Employer
13 984
-
22 047
-
pensions
2 797
-
4 410
-
unemployment
112
-
177
-
health
1 818
-
2 866
-
total
4 727
-
7 453
-
Corporate
10 789
29 500
-
-
income
2 158
5 900
-
-
total
2 158
5 900
-
-
Dividends
8 631
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
8 963
5 900
12 240
13 265
After tax
20 537
23 600
17 260
16 235
Living cost
11 907
11 907
11 907
11 907
Free-cash
8 630
11 693
5 353
4 328

Estimated living cost  is ₴11907 per week

₴8167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴9336
-₴8652
₴696
₴4534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 088
health
-
-
-
1 095
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
5 626
total
-
-
-
9 122
Employee
17 370
-
24 506
-
pensions
1 956
-
2 759
-
income
2 383
-
3 365
-
health
1 989
-
2 806
-
total
6 328
-
8 930
-
Employer
17 370
-
24 506
-
pensions
2 824
-
3 985
-
unemployment
426
-
600
-
accident
290
-
409
-
total
3 540
-
4 994
-
Corporate
8 590
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.

7 731
26 550
-
-
total
7 731
26 550
-
-
Dividends
859
2 950
-
-
withholding
163
560
-
-
total
163
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 762
27 110
13 924
9 122
After tax
11 738
2 390
15 576
20 378
Living cost
11 042
11 042
11 042
11 042
Free-cash
696
-8 652
4 534
9 336

Estimated living cost  is ₴11042 per week

₴8093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25159
₴23979
₴23221
₴19554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 057
-
29 500
-
income
1 011
-
5 900
-
total
1 011
-
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%.

24 443
29 500
-
-
total
-
-
-
-
Dividends
24 443
29 500
-
-
withholding
1 222
1 475
-
-
total
1 222
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 233
1 475
5 900
295
After tax
27 267
28 025
23 600
29 205
Living cost
4 046
4 046
4 046
4 046
Free-cash
23 221
23 979
19 554
25 159

Estimated living cost  is ₴4046 per week

₴2507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2839
₴8539
₴5209
₴4156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
pensions

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

-
-
-
7 080
health
-
-
-
1 298
other
-
-
-
1 401
income
-
-
-
3 747
total
-
-
-
13 526
Employee
17 899
-
23 562
-
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.

1 253
-
1 649
-
unemployment
179
-
236
-
income
3 081
-
4 056
-
health
251
-
330
-
total
4 764
-
6 271
-
Employer
17 899
-
23 562
-
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.

3 043
-
4 006
-
other
895
-
1 178
-
unemployment
179
-
236
-
accident
143
-
188
-
health
251
-
330
-
total
4 511
-
5 938
-
Corporate
7 090
29 500
-
-
income
1 489
6 195
-
-
total
1 489
6 195
-
-
Dividends
5 601
23 305
-
-
withholding
392
1 631
-
-
total
392
1 631
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 156
7 826
12 209
13 526
After tax
18 344
21 674
17 291
15 974
Living cost
13 135
13 135
13 135
13 135
Free-cash
5 209
8 539
4 156
2 839

Estimated living cost  is ₴13135 per week

₴9281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
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.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10506
-₴10530
-₴22999
-₴13538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
1 841
income
-
-
-
5 532
total
-
-
-
7 373
Employee
46 170
-
26 292
-
pensions
4 454
-
2 069
-
income
8 323
-
4 774
-
health
761
-
354
-
total
13 538
-
7 197
-
Employer
46 170
-
26 292
-
pensions
5 451
-
2 708
-
health
877
-
500
-
total
6 328
-
3 208
-
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
19 866
7 397
10 405
7 373
After tax
9 634
22 103
19 095
22 127
Living cost
32 633
32 633
32 633
32 633
Free-cash
-22 999
-10 530
-13 538
-10 506

Estimated living cost  is ₴32633 per week

₴24452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14020
₴18762
₴16475
₴14559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 547
health
-
-
-
1 979
unemployment
-
-
-
69
income
-
-
-
4 425
total
-
-
-
9 020
Employee
8 554
-
26 123
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

751
-
1 511
-
income
855
-
2 612
-
health
393
-
792
-
total
2 093
-
5 104
-
Employer
8 554
-
26 123
-
pensions

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

943
-
1 897
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
health
590
-
1 188
-
total
1 678
-
3 377
-
Corporate
19 267
29 500
-
-
income
1 927
2 950
-
-
total
1 927
2 950
-
-
Dividends
17 341
26 550
-
-
withholding
867
1 328
-
-
total
867
1 328
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 565
4 278
8 481
9 020
After tax
22 935
25 222
21 019
20 480
Living cost
6 460
6 460
6 460
6 460
Free-cash
16 475
18 762
14 559
14 020

Estimated living cost  is ₴6460 per week

₴3772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴461
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10480
-₴23369
-₴24207
-₴26135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 311
health
-
-
-
4 528
income
-
-
-
2 806
total
-
-
-
12 645
Employee
45 703
42 096
42 096
-
pensions
5 776
5 776
7 577
-
income

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

6 891
6 891
6 891
-
health
5 702
5 496
6 461
-
total
18 369
18 163
20 929
-
Employer
45 703
42 096
42 096
-
pensions
3 181
2 930
2 930
-
unemployment
1 646
1 515
1 515
-
health
3 176
2 926
2 926
-
total
8 003
7 371
7 371
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
26 372
25 534
28 300
12 645
After tax
3 128
3 966
1 200
16 855
Living cost
27 335
27 335
27 335
27 335
Free-cash
-24 207
-23 369
-26 135
-10 480

Estimated living cost  is ₴27335 per week

₴20164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2442
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2125
₴8068
₴3701
₴2727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 982
social contributions
-
-
-
8 614
solidarity contribution
-
-
-
-
income
-
-
-
2 536
total
-
-
-
15 132
Employee
18 004
-
22 015
-
social contributions
1 170
-
1 431
-
income
2 160
-
2 642
-
solidarity contribution
-
-
-
-
health
2 431
-
2 972
-
total
5 761
-
7 045
-
Employer
18 004
-
22 015
-
social contributions
4 501
-
5 504
-
health
1 620
-
1 981
-
total
6 121
-
7 485
-
Corporate
5 375
29 500
-
-
income
1 021
5 605
-
-
total
1 021
5 605
-
-
Dividends
4 354
23 895
-
-
withholding
653
3 584
-
-
total
653
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 556
9 189
14 530
15 132
After tax
15 944
20 311
14 970
14 368
Living cost
12 243
12 243
12 243
12 243
Free-cash
3 701
8 068
2 727
2 125

Estimated living cost  is ₴12243 per week

₴8504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4716
-₴5063
-₴14310
-₴6383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
175
regional
-
-
-
297
social contributions
-
-
-
7 588
national
-
-
-
5 355
total
-
-
-
13 415
Employee
43 811
-
29 500
-
social contributions
14 773
-
9 948
-
municipal
232
-
156
-
regional
413
-
260
-
national
7 591
-
4 718
-
total
23 009
-
15 082
-
Employer
43 811
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
nationa
-
7 080
-
-
municipal
-
1 151
-
-
total
-
8 231
-
-
Dividends
-
21 270
-
-
withholding
-
5 531
-
-
total
-
5 531
-
-
Income
29 500
29 500
29 500
29 500
Total tax
23 009
13 762
15 082
13 415
After tax
6 491
15 738
14 418
16 085
Living cost
20 801
20 801
20 801
20 801
Free-cash
-14 310
-5 063
-6 383
-4 716

Estimated living cost  is ₴20801 per week

₴14500
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5697
₴7678
₴6143
₴5057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
29 500
pensions
-
-
-
5 900
health
-
-
-
2 095
surtax
-
-
-
298
other
-
-
-
-
unemployment
-
-
-
112
income
-
-
-
4 520
total
-
-
-
12 925
Employee
16 302
-
24 370
-
surtax
53
-
251
-
pensions
1 087
-
1 626
-
other
-
-
-
-
unemployment
1 135
-
1 696
-
income
2 733
-
4 240
-
health
416
-
621
-
total
5 424
-
8 434
-
Employer
16 302
-
24 370
-
pensions
2 173
-
3 249
-
other
-
-
-
-
unemployment
516
-
773
-
health
742
-
1 109
-
total
3 431
-
5 131
-
Corporate
9 767
29 500
-
-
income
2 540
7 670
-
-
total
2 540
7 670
-
-
Dividends
7 227
21 830
-
-
withholding
1 084
3 274
-
-
total
1 084
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 479
10 944
13 565
12 925
After tax
17 021
18 556
15 935
16 575
Living cost
10 878
10 878
10 878
10 878
Free-cash
6 143
7 678
5 057
5 697

Estimated living cost  is ₴10878 per week

₴6651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
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.
₴2972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴167
-₴191
-₴5380
-₴3199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
1 841
income
-
-
-
5 532
total
-
-
-
7 373
Employee
30 942
-
26 292
-
pensions
2 626
-
2 069
-
income
5 573
-
4 774
-
health
449
-
354
-
total
8 648
-
7 197
-
Employer
30 942
-
26 292
-
pensions
3 350
-
2 708
-
health
588
-
500
-
total
3 938
-
3 208
-
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
12 586
7 397
10 405
7 373
After tax
16 914
22 103
19 095
22 127
Living cost
22 294
22 294
22 294
22 294
Free-cash
-5 380
-191
-3 199
-167

Estimated living cost  is ₴22294 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14364
-₴25894
-₴20978
-₴15861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
650
city
-
-
-
311
pensions
-
-
-
2 714
health
-
-
-
128
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
national
-
-
-
88
total
-
-
-
4 481
Employee
46 088
-
26 404
-
regional
1 509
-
540
-
national
218
-
71
-
pensions
3 872
-
2 218
-
unemployment
-
-
-
-
city
495
-
283
-
health
104
-
60
-
total
6 198
-
3 172
-
Employer
46 088
-
26 404
-
pensions
3 872
-
2 218
-
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.

921
-
528
-
unemployment
-
-
-
-
health
104
-
60
-
total
4 897
-
2 806
-
Corporate
-
29 500
-
-
regional
-
6 239
-
-
national
-
2 508
-
-
total
-
8 747
-
-
Dividends
-
20 754
-
-
withholding
-
7 264
-
-
total
-
7 264
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 095
16 011
5 978
4 481
After tax
18 405
13 489
23 522
25 019
Living cost
39 383
39 383
39 383
39 383
Free-cash
-20 978
-25 894
-15 861
-14 364

Estimated living cost  is ₴39383 per week

₴25610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3534
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1215
-₴7913
-₴127
-₴87
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
1 128
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.

-
-
-
3 368
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.

-
-
-
190
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.

-
-
-
3 446
total
-
-
-
8 132
Employee

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

29 626
-
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.

192
-
190
-
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.

3 484
-
3 446
-
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.

3 368
-
3 368
-
total
7 044
-
7 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
29 500
-
-
trade
-
5 059
-
-
income
-
4 425
-
-
chamber of commerce
-
116
-
-
surtax

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

-
243
-
-
total
-
9 843
-
-
Dividends
-
19 657
-
-
withholding
-
4 727
-
-
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
-
-
total
-
4 987
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 044
14 830
7 004
8 132
After tax
22 456
14 670
22 496
21 368
Living cost
22 583
22 583
22 583
22 583
Free-cash
-127
-7 913
-87
-1 215

Estimated living cost  is ₴22583 per week

₴16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1806
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.
₴3990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴785
-₴1998
₴913
₴1018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 458
health
-
-
-
255
surtax
-
-
-
-
other
-
-
-
915
social contributions
-
-
-
841
income
-
-
-
1 380
total
-
-
-
11 849
Employee
21 098
-
22 479
-
social contributions
602
-
641
-
surtax
-
-
-
-
pensions
2 385
-
2 543
-
income
1 245
-
1 412
-
total
4 232
-
4 596
-
Employer
21 098
-
22 479
-
pensions
3 466
-
3 694
-
social contributions
64
-
67
-
other
728
-
776
-
unemployment
854
-
910
-
health
1 477
-
1 573
-
total
6 589
-
7 020
-
Corporate
1 814
29 500
-
-
income
508
8 260
-
-
surtax
-
-
-
-
total
508
8 260
-
-
Dividends
1 306
21 240
-
-
withholding
167
2 718
-
-
surtax
-
-
-
-
social contributions
225
3 654
-
-
total
392
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 721
14 632
11 616
11 849
After tax
17 779
14 868
17 884
17 651
Living cost
16 866
16 866
16 866
16 866
Free-cash
913
-1 998
1 018
785

Estimated living cost  is ₴16866 per week

₴10634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2456
-₴327
₴2412
₴2689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 458
health
-
-
-
255
surtax
-
-
-
-
other
-
-
-
915
social contributions
-
-
-
841
income
-
-
-
1 380
total
-
-
-
11 849
Employee
18 833
-
22 479
-
social contributions
537
-
641
-
surtax
-
-
-
-
pensions
2 130
-
2 543
-
income
971
-
1 412
-
total
3 638
-
4 596
-
Employer
18 833
-
22 479
-
pensions
3 095
-
3 694
-
social contributions
56
-
67
-
other
650
-
776
-
unemployment
762
-
910
-
health
1 318
-
1 573
-
total
5 881
-
7 020
-
Corporate
4 786
29 500
-
-
income
1 340
8 260
-
-
surtax
-
-
-
-
total
1 340
8 260
-
-
Dividends
3 446
21 240
-
-
withholding
442
2 718
-
-
surtax
-
-
-
-
social contributions
592
3 654
-
-
total
1 034
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 893
14 632
11 616
11 849
After tax
17 607
14 868
17 884
17 651
Living cost
15 195
15 195
15 195
15 195
Free-cash
2 412
-327
2 689
2 456

Estimated living cost  is ₴15195 per week

₴8812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
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.
₴4551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8492
₴7545
₴7800
₴7188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 059
social contributions
-
-
-
4 071
income
-
-
-
4 425
total
-
-
-
10 555
Employee
16 714
-
29 500
-
social contributions
2 307
-
4 071
-
income
2 788
-
5 729
-
health
1 167
-
2 059
-
total
6 262
-
11 859
-
Employer
16 714
-
29 500
-
total
-
-
-
-
Corporate
12 786
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%.

639
1 475
-
-
total
639
1 475
-
-
Dividends
12 147
28 025
-
-
withholding
1 822
4 204
-
-
social contributions
1 676
3 867
-
-
health
848
1 956
-
-
total
4 346
10 027
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 247
11 502
11 859
10 555
After tax
18 253
17 998
17 641
18 945
Living cost
10 453
10 453
10 453
10 453
Free-cash
7 800
7 545
7 188
8 492

Estimated living cost  is ₴10453 per week

₴6995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1133
-₴500
-₴2790
-₴6201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 458
health
-
-
-
2 256
surtax
-
-
-
97
unemployment
-
-
-
3 023
income
-
-
-
2 311
chamber of commerce
-
-
-
118
total
-
-
-
13 263
Employee
24 636
19 645
22 832
-
pensions
2 523
2 011
2 338
-
other
246
196
228
-
unemployment
739
589
685
-
income
2 805
1 449
2 287
-
health
953
761
884
-
total
7 266
5 006
6 422
-
Employer
24 636
19 645
22 832
-
payroll
739
589
685
-
chamber of commerce
98
79
92
-
pensions
3 092
2 466
2 865
-
surtax
97
97
97
-
other
1 170
933
1 084
-
unemployment
739
589
685
-
accident
320
255
297
-
health
931
743
863
-
total
7 186
5 751
6 668
-
Corporate
1 871
4 104
20 961
-
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.

468
1 026
5 241
-
total
468
1 026
5 241
-
Dividends
-
3 077
-
-
withholding
-
847
-
-
total
-
847
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 920
12 630
18 331
13 263
After tax
14 580
16 870
11 169
16 237
Living cost
17 370
17 370
17 370
17 370
Free-cash
-2 790
-500
-6 201
-1 133

Estimated living cost  is ₴17370 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2296
-₴1357
-₴16026
-₴5389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 533
communal

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

-
-
-
1 558
national
-
-
-
8 731
total
-
-
-
13 822
Employee

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

35 261
-
22 849
-
national
10 841
-
6 086
-
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.

2 645
-
1 714
-
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.

307
-
198
-
communal

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

1 839
-
1 192
-
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.

1 657
-
1 074
-
total
17 289
-
10 264
-
Employer

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

35 261
-
22 849
-
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.

3 124
-
2 024
-
surtax
3 998
-
2 591
-
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.

515
-
334
-
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.

458
-
297
-
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.

2 168
-
1 405
-
total
10 263
-
6 651
-
Corporate
-
29 500
-
-
income
-
5 900
-
-
surtax
-
118
-
-
total
-
6 018
-
-
Dividends
-
23 482
-
-
withholding

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

-
6 865
-
-
total
-
6 865
-
-
Income
29 500
29 500
29 500
29 500
Total tax
27 552
12 883
16 915
13 822
After tax
1 948
16 617
12 585
15 678
Living cost
17 974
17 974
17 974
17 974
Free-cash
-16 026
-1 357
-5 389
-2 296

Estimated living cost  is ₴17974 per week

₴11577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4544
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1633
₴2118
-₴2861
-₴1421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 348
other
-
-
-
30
unemployment
-
-
-
207
accident
-
-
-
266
income
-
-
-
4 479
total
-
-
-
13 330
Employee
24 538
-
22 370
-
pensions
1 153
-
1 051
-
other
24
-
22
-
unemployment
381
-
347
-
income
5 177
-
4 568
-
total
6 735
-
5 988
-
Employer
24 538
-
22 370
-
pensions
5 791
-
5 279
-
other
196
-
179
-
unemployment
1 350
-
1 230
-
accident
486
-
442
-
total
7 823
-
7 130
-
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
-
5 154
-
-
total
-
5 154
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 558
9 579
13 118
13 330
After tax
14 942
19 921
16 382
16 170
Living cost
17 803
17 803
17 803
17 803
Free-cash
-2 861
2 118
-1 421
-1 633

Estimated living cost  is ₴17803 per week

₴13110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7368
-₴8297
-₴12290
-₴6780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 720
health
-
-
-
2 212
surtax
-
-
-
1 561
accident
-
-
-
266
communal
-
-
-
-
income
-
-
-
1 320
total
-
-
-
10 079
Employee
37 331
-
26 351
-
surtax
2 288
-
1 615
-
pensions
2 986
-
2 108
-
income
3 606
-
1 446
-
health
1 661
-
1 172
-
total
10 541
-
6 341
-
Employer
37 331
-
26 351
-
pensions
2 986
-
2 108
-
accident
336
-
238
-
health
1 138
-
804
-
total
4 460
-
3 150
-
Corporate
-
29 500
-
-
communal
-
1 992
-
-
income
-
4 425
-
-
surtax
-
310
-
-
total
-
6 727
-
-
Dividends
-
22 774
-
-
withholding
-
3 416
-
-
income
-
865
-
-
total
-
4 281
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 001
11 008
9 491
10 079
After tax
14 499
18 492
20 009
19 421
Living cost
26 789
26 789
26 789
26 789
Free-cash
-12 290
-8 297
-6 780
-7 368

Estimated living cost  is ₴26789 per week

₴20096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5503
₴7484
₴5915
₴4863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 900
health
-
-
-
2 095
surtax
-
-
-
298
other
-
-
-
-
unemployment
-
-
-
112
income
-
-
-
4 520
total
-
-
-
12 925
Employee
16 601
-
24 370
-
surtax
59
-
251
-
pensions
1 108
-
1 626
-
other
-
-
-
-
unemployment
1 155
-
1 696
-
income
2 783
-
4 240
-
health
424
-
621
-
total
5 529
-
8 434
-
Employer
16 601
-
24 370
-
pensions
2 213
-
3 249
-
other
-
-
-
-
unemployment
527
-
773
-
health
755
-
1 109
-
total
3 495
-
5 131
-
Corporate
9 404
29 500
-
-
income
2 445
7 670
-
-
total
2 445
7 670
-
-
Dividends
6 959
21 830
-
-
withholding
1 044
3 274
-
-
total
1 044
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 513
10 944
13 565
12 925
After tax
16 987
18 556
15 935
16 575
Living cost
11 072
11 072
11 072
11 072
Free-cash
5 915
7 484
4 863
5 503

Estimated living cost  is ₴11072 per week

₴6685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴3168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2658
₴2227
₴1132
₴1002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
175
regional
-
-
-
445
social contributions
-
-
-
7 588
national
-
-
-
5 355
total
-
-
-
13 563
Employee
27 345
-
29 500
-
social contributions
9 221
-
9 948
-
municipal
145
-
156
-
regional
368
-
397
-
national
4 332
-
4 718
-
total
14 066
-
15 219
-
Employer
27 345
-
29 500
-
total
-
-
-
-
Corporate
2 155
29 500
-
-
nationa
517
7 080
-
-
municipal
107
1 466
-
-
total
624
8 546
-
-
Dividends
1 531
20 954
-
-
withholding
399
5 448
-
-
total
399
5 448
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 089
13 994
15 219
13 563
After tax
14 411
15 506
14 281
15 937
Living cost
13 279
13 279
13 279
13 279
Free-cash
1 132
2 227
1 002
2 658

Estimated living cost  is ₴13279 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴718
₴5225
-₴228
-₴116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 982
social contributions
-
-
-
8 614
solidarity contribution
-
-
-
-
income
-
-
-
2 536
total
-
-
-
15 132
Employee
22 185
-
22 015
-
social contributions
1 442
-
1 431
-
income
2 662
-
2 642
-
solidarity contribution
-
-
-
-
health
2 995
-
2 972
-
total
7 099
-
7 045
-
Employer
22 185
-
22 015
-
social contributions
5 546
-
5 504
-
health
1 997
-
1 981
-
total
7 543
-
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
14 642
9 189
14 530
15 132
After tax
14 858
20 311
14 970
14 368
Living cost
15 086
15 086
15 086
15 086
Free-cash
-228
5 225
-116
-718

Estimated living cost  is ₴15086 per week

₴11219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴607
₴1196
₴930
-₴4538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 458
health
-
-
-
2 256
surtax
-
-
-
-
unemployment
-
-
-
3 023
income
-
-
-
2 311
chamber of commerce
-
-
-
118
total
-
-
-
13 166
Employee
21 549
19 645
22 907
-
pensions
2 207
2 011
2 345
-
other
215
196
229
-
unemployment
646
589
688
-
income
1 920
1 449
2 309
-
health
834
761
887
-
total
5 822
5 006
6 458
-
Employer
21 549
19 645
22 907
-
payroll
646
589
688
-
chamber of commerce
86
79
92
-
pensions
2 704
2 466
2 875
-
surtax
-
-
-
-
other
1 023
933
1 088
-
unemployment
646
589
688
-
accident
280
255
297
-
health
815
743
866
-
total
6 200
5 654
6 594
-
Corporate
1 871
4 201
21 036
-
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.

468
1 051
5 259
-
total
468
1 051
5 259
-
Dividends
1 282
3 150
-
-
withholding
353
866
-
-
total
353
866
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 843
12 577
18 311
13 166
After tax
16 657
16 923
11 189
16 334
Living cost
15 727
15 727
15 727
15 727
Free-cash
930
1 196
-4 538
607

Estimated living cost  is ₴15727 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22900
₴21720
₴20538
₴17295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 881
-
29 500
-
income
1 576
-
5 900
-
total
1 576
-
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%.

21 619
29 500
-
-
total
-
-
-
-
Dividends
21 619
29 500
-
-
withholding
1 081
1 475
-
-
total
1 081
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 657
1 475
5 900
295
After tax
26 843
28 025
23 600
29 205
Living cost
6 305
6 305
6 305
6 305
Free-cash
20 538
21 720
17 295
22 900

Estimated living cost  is ₴6305 per week

₴4266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2909
₴7089
₴2965
₴2064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 387
health
-
-
-
2 903
unemployment
-
-
-
44
income
-
-
-
5 035
total
-
-
-
13 369
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

21 799
-
25 526
-
pensions
3 379
-
3 956
-
unemployment
31
-
36
-
income
3 759
-
4 600
-
health
1 408
-
1 648
-
total
8 577
-
10 240
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

21 799
-
25 526
-
pensions
1 929
-
2 259
-
unemployment
13
-
15
-
health
1 452
-
1 700
-
total
3 394
-
3 974
-
Corporate
4 307
29 500
-
-
income
819
5 605
-
-
total
819
5 605
-
-
Dividends
3 489
23 895
-
-
withholding
523
3 584
-
-
total
523
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 313
9 189
14 214
13 369
After tax
16 187
20 311
15 286
16 131
Living cost
13 222
13 222
13 222
13 222
Free-cash
2 965
7 089
2 064
2 909

Estimated living cost  is ₴13222 per week

₴9074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1197
-₴3636
-₴45084
₴1335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 948
-
-
-
social contributions
2 538
-
362
-
income
6 826
-
-
-
total
9 364
-
362
-
Employer
30 948
-
-
-
social contributions
43 636
-
6 219
-
total
43 636
-
6 219
-
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
53 000
11 552
6 581
9 113
After tax
-23 500
17 948
22 919
20 387
Living cost
21 584
21 584
21 584
21 584
Free-cash
-45 084
-3 636
1 335
-1 197

Estimated living cost  is ₴21584 per week

₴14004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2030
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1517
₴1317
₴821
₴674
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
10 251
income
-
-
-
2 270
total
-
-
-
12 521
Employee
22 672
-
23 838
-
social contributions
2 494
-
2 622
-
surtax
-
-
-
-
income
4 716
-
5 080
-
total
7 210
-
7 702
-
Employer
22 672
-
23 838
-
social contributions
5 385
-
5 662
-
total
5 385
-
5 662
-
Corporate
1 443
29 500
-
-
income
303
6 195
-
-
surtax
-
-
-
-
total
303
6 195
-
-
Dividends
1 140
23 305
-
-
withholding
319
6 526
-
-
total
319
6 526
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 217
12 721
13 364
12 521
After tax
16 283
16 779
16 136
16 979
Living cost
15 462
15 462
15 462
15 462
Free-cash
821
1 317
674
1 517

Estimated living cost  is ₴15462 per week

₴11569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6158
-₴8941
-₴11018
-₴5925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 458
health
-
-
-
255
surtax
-
-
-
-
other
-
-
-
915
social contributions
-
-
-
841
income
-
-
-
1 380
total
-
-
-
11 849
Employee
30 875
-
22 479
-
social contributions
879
-
641
-
surtax
-
-
-
-
pensions
3 492
-
2 543
-
income
2 694
-
1 412
-
total
7 065
-
4 596
-
Employer
30 875
-
22 479
-
pensions
5 073
-
3 694
-
social contributions
93
-
67
-
other
1 066
-
776
-
unemployment
1 251
-
910
-
health
2 161
-
1 573
-
total
9 644
-
7 020
-
Corporate
-
29 500
-
-
income
-
8 260
-
-
surtax
-
-
-
-
total
-
8 260
-
-
Dividends
-
21 240
-
-
withholding
-
2 718
-
-
surtax
-
-
-
-
social contributions
-
3 654
-
-
total
-
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
16 709
14 632
11 616
11 849
After tax
12 791
14 868
17 884
17 651
Living cost
23 809
23 809
23 809
23 809
Free-cash
-11 018
-8 941
-5 925
-6 158

Estimated living cost  is ₴23809 per week

₴16114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8165
₴11732
₴10075
₴8992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 489
income
-
-
-
28
total
-
-
-
6 517
Employee
15 848
-
25 541
-
social contributions
1 030
-
1 660
-
income
-
-
71
-
total
1 030
-
1 731
-
Employer
15 848
-
25 541
-
social contributions
2 457
-
3 959
-
total
2 457
-
3 959
-
Corporate
11 195
29 500
-
-
income
1 120
2 950
-
-
total
1 120
2 950
-
-
Dividends
10 076
26 550
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
4 607
2 950
5 690
6 517
After tax
24 893
26 550
23 810
22 983
Living cost
14 818
14 818
14 818
14 818
Free-cash
10 075
11 732
8 992
8 165

Estimated living cost  is ₴14818 per week

₴9581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
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.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4644
-₴77783
-₴77783
-₴77783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
4 849
pensions
-
-
-
427
labour market
-
-
-
2 326
national
-
-
-
2 828
total
-
-
-
10 430
Employee
100 091
100 091
100 091
-
municipal
21 314
21 314
21 314
-
national
12 228
12 228
12 228
-
pensions
142
142
142
-
labour market
7 996
7 996
7 996
-
total
41 680
41 680
41 680
-
Employer
100 091
100 091
100 091
-
labour market
8 007
8 007
8 007
-
pensions
285
285
285
-
municipal
21 348
21 348
21 348
-
national
12 249
12 249
12 249
-
total
41 889
41 889
41 889
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
83 569
83 569
83 569
10 430
After tax
-54 069
-54 069
-54 069
19 070
Living cost
23 714
23 714
23 714
23 714
Free-cash
-77 783
-77 783
-77 783
-4 644

Estimated living cost  is ₴23714 per week

₴16230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9499
-₴8489
₴720
₴4697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 088
health
-
-
-
1 095
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
5 626
total
-
-
-
9 122
Employee
17 114
-
24 506
-
pensions
1 927
-
2 759
-
income
2 348
-
3 365
-
health
1 960
-
2 806
-
total
6 235
-
8 930
-
Employer
17 114
-
24 506
-
pensions
2 783
-
3 985
-
unemployment
419
-
600
-
accident
286
-
409
-
total
3 488
-
4 994
-
Corporate
8 899
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.

8 009
26 550
-
-
total
8 009
26 550
-
-
Dividends
890
2 950
-
-
withholding
169
560
-
-
total
169
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 901
27 110
13 924
9 122
After tax
11 599
2 390
15 576
20 378
Living cost
10 879
10 879
10 879
10 879
Free-cash
720
-8 489
4 697
9 499

Estimated living cost  is ₴10879 per week

₴7919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2136
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3780
₴1414
-₴1328
-₴768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
municipal
-
-
-
5 265
health
-
-
-
249
national
-
-
-
1 280
total
-
-
-
6 794
Employee
25 935
-
24 817
-
municipal
4 248
-
4 067
-
national
428
-
368
-
pensions
1 750
-
1 675
-
unemployment
389
-
372
-
health
194
-
177
-
total
7 009
-
6 659
-
Employer
25 935
-
24 817
-
pensions
4 500
-
4 306
-
unemployment
168
-
161
-
accident
26
-
25
-
health
199
-
191
-
total
4 893
-
4 683
-
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
-
-
municipal
-
3 186
-
-
national
-
74
-
-
total
-
3 260
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 902
9 160
11 342
6 794
After tax
17 598
20 340
18 158
22 706
Living cost
18 926
18 926
18 926
18 926
Free-cash
-1 328
1 414
-768
3 780

Estimated living cost  is ₴18926 per week

₴12362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
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.
₴4443
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11552
₴6939
₴7612
₴8847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
752
social contributions
-
-
-
4 602
income
-
-
-
1 181
total
-
-
-
6 535
Employee
37 906
37 906
37 906
-
social contributions
1 433
3 146
2 223
-
income
4 127
3 509
3 842
-
health
294
645
456
-
total
5 854
7 300
6 521
-
Employer
37 906
37 906
37 906
-
social contributions
1 433
3 146
2 223
-
health
319
702
496
-
total
1 752
3 848
2 719
-
Corporate
10 480
-
-
-
income
1 310
-
-
-
total
1 310
-
-
-
Dividends
9 171
-
-
-
withholding
1 559
-
-
-
total
1 559
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 475
11 148
9 240
6 535
After tax
19 025
18 352
20 260
22 965
Living cost
11 413
11 413
11 413
11 413
Free-cash
7 612
6 939
8 847
11 552

Estimated living cost  is ₴11413 per week

₴6840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14211
₴16602
₴14095
₴10437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 136
health
-
-
-
1 784
unemployment
-
-
-
14
income
-
-
-
2 528
total
-
-
-
7 462
Employee

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

11 315
-
26 746
-
pensions
1 697
-
4 012
-
unemployment
56
-
134
-
income
774
-
2 062
-
health
962
-
2 273
-
total
3 489
-
8 481
-
Employer

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

11 315
-
26 746
-
pensions
622
-
1 471
-
unemployment
56
-
134
-
health
486
-
1 150
-
total
1 164
-
2 755
-
Corporate
17 020
29 500
-
-
income
1 531
2 655
-
-
total
1 531
2 655
-
-
Dividends
15 489
26 845
-
-
withholding
1 394
2 416
-
-
total
1 394
2 416
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 578
5 071
11 236
7 462
After tax
21 922
24 429
18 264
22 038
Living cost
7 827
7 827
7 827
7 827
Free-cash
14 095
16 602
10 437
14 211

Estimated living cost  is ₴7827 per week

₴4994
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2614
₴6365
₴3760
₴2826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 348
other
-
-
-
30
unemployment
-
-
-
207
accident
-
-
-
266
income
-
-
-
4 479
total
-
-
-
13 330
Employee
18 227
-
22 370
-
pensions
857
-
1 051
-
other
18
-
22
-
unemployment
283
-
347
-
income
3 514
-
4 568
-
total
4 672
-
5 988
-
Employer
18 227
-
22 370
-
pensions
4 301
-
5 279
-
other
146
-
179
-
unemployment
1 003
-
1 230
-
accident
361
-
442
-
total
5 811
-
7 130
-
Corporate
5 461
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.

819
4 425
-
-
total
819
4 425
-
-
Dividends
4 642
25 075
-
-
withholding
882
5 154
-
-
total
882
5 154
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 184
9 579
13 118
13 330
After tax
17 316
19 921
16 382
16 170
Living cost
13 556
13 556
13 556
13 556
Free-cash
3 760
6 365
2 826
2 614

Estimated living cost  is ₴13556 per week

₴9150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
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.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴17650
₴17447
₴17290
₴17581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
701
health
-
-
-
508
income
-
-
-
9 680
total
-
-
-
10 889
Employee
1 464
-
28 711
-
pensions
132
-
316
-
unemployment
15
-
35
-
income
283
-
9 643
-
health
73
-
175
-
total
503
-
10 169
-
Employer
1 464
-
28 711
-
pensions
161
-
386
-
unemployment
29
-
70
-
health
139
-
333
-
total
329
-
789
-
Corporate
27 706
29 500
-
-
income
6 095
6 490
-
-
total
6 095
6 490
-
-
Dividends
21 611
23 010
-
-
withholding
4 322
4 602
-
-
total
4 322
4 602
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 249
11 092
10 958
10 889
After tax
18 251
18 408
18 542
18 611
Living cost
961
961
961
961
Free-cash
17 290
17 447
17 581
17 650

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6043
₴12793
₴10368
₴7310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 670
health
-
-
-
3 038
unemployment
-
-
-
443
income
-
-
-
3 785
total
-
-
-
14 936
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

12 849
-
25 021
-
pensions
1 799
-
3 503
-
unemployment
96
-
188
-
income
1 771
-
4 209
-
health
662
-
1 289
-
total
4 328
-
9 189
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

12 849
-
25 021
-
pensions
1 542
-
3 003
-
unemployment
96
-
188
-
health
662
-
1 289
-
total
2 300
-
4 480
-
Corporate
14 351
29 500
-
-
income
2 153
4 425
-
-
total
2 153
4 425
-
-
Dividends
12 198
25 075
-
-
withholding
1 830
3 761
-
-
total
1 830
3 761
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 611
8 186
13 669
14 936
After tax
18 889
21 314
15 831
14 564
Living cost
8 521
8 521
8 521
8 521
Free-cash
10 368
12 793
7 310
6 043

Estimated living cost  is ₴8521 per week

₴5737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3689
₴3489
₴3312
₴2846
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
10 251
income
-
-
-
2 270
total
-
-
-
12 521
Employee
19 133
-
23 838
-
social contributions
2 105
-
2 622
-
surtax
-
-
-
-
income
3 738
-
5 080
-
total
5 843
-
7 702
-
Employer
19 133
-
23 838
-
social contributions
4 544
-
5 662
-
total
4 544
-
5 662
-
Corporate
5 824
29 500
-
-
income
1 223
6 195
-
-
surtax
-
-
-
-
total
1 223
6 195
-
-
Dividends
4 601
23 305
-
-
withholding
1 288
6 526
-
-
total
1 288
6 526
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 898
12 721
13 364
12 521
After tax
16 602
16 779
16 136
16 979
Living cost
13 290
13 290
13 290
13 290
Free-cash
3 312
3 489
2 846
3 689

Estimated living cost  is ₴13290 per week

₴9413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1155
₴2596
-₴1899
-₴943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 348
other
-
-
-
30
unemployment
-
-
-
207
accident
-
-
-
266
income
-
-
-
4 479
total
-
-
-
13 330
Employee
23 808
-
22 370
-
pensions
1 119
-
1 051
-
other
23
-
22
-
unemployment
369
-
347
-
income
4 973
-
4 568
-
total
6 484
-
5 988
-
Employer
23 808
-
22 370
-
pensions
5 618
-
5 279
-
other
191
-
179
-
unemployment
1 310
-
1 230
-
accident
471
-
442
-
total
7 590
-
7 130
-
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
-
5 154
-
-
total
-
5 154
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 074
9 579
13 118
13 330
After tax
15 426
19 921
16 382
16 170
Living cost
17 325
17 325
17 325
17 325
Free-cash
-1 899
2 596
-943
-1 155

Estimated living cost  is ₴17325 per week

₴12442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12004
₴16746
₴13746
₴12543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 547
health
-
-
-
1 979
unemployment
-
-
-
69
income
-
-
-
4 425
total
-
-
-
9 020
Employee
11 223
-
26 123
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

985
-
1 511
-
income
1 123
-
2 612
-
health
516
-
792
-
total
2 747
-
5 104
-
Employer
11 223
-
26 123
-
pensions

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

1 237
-
1 897
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
health
774
-
1 188
-
total
2 201
-
3 377
-
Corporate
16 074
29 500
-
-
income
1 607
2 950
-
-
total
1 607
2 950
-
-
Dividends
14 467
26 550
-
-
withholding
723
1 328
-
-
total
723
1 328
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 278
4 278
8 481
9 020
After tax
22 222
25 222
21 019
20 480
Living cost
8 476
8 476
8 476
8 476
Free-cash
13 746
16 746
12 543
12 004

Estimated living cost  is ₴8476 per week

₴5606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2520
-₴3755
₴2693
₴3464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
944
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.

-
-
-
3 368
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.

-
-
-
190
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.

-
-
-
3 446
total
-
-
-
7 948
Employee

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

24 528
-
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.

111
-
190
-
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.

2 017
-
3 446
-
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.

3 368
-
3 368
-
total
5 496
-
7 004
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 972
29 500
-
-
trade
714
4 233
-
-
income
746
4 425
-
-
chamber of commerce
82
118
-
-
surtax

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

41
243
-
-
total
1 583
9 019
-
-
Dividends
3 390
20 481
-
-
withholding
660
4 933
-
-
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.

36
271
-
-
total
696
5 204
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 775
14 223
7 004
7 948
After tax
21 725
15 277
22 496
21 552
Living cost
19 032
19 032
19 032
19 032
Free-cash
2 693
-3 755
3 464
2 520

Estimated living cost  is ₴19032 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5144
-₴7432
-₴9061
-₴5144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 206
income
-
-
-
4 357
total
-
-
-
6 563
Employee
38 560
-
29 500
-
social contributions
3 204
-
2 206
-
income
7 276
-
4 357
-
total
10 480
-
6 563
-
Employer
38 560
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
income
-
3 688
-
-
total
-
3 688
-
-
Dividends
-
25 812
-
-
withholding
-
5 163
-
-
total
-
5 163
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 480
8 851
6 563
6 563
After tax
19 020
20 649
22 937
22 937
Living cost
28 081
28 081
28 081
28 081
Free-cash
-9 061
-7 432
-5 144
-5 144

Estimated living cost  is ₴28081 per week

₴21363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2288
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.
₴4161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5458
-₴1323
₴1531
₴3462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 032
income
-
-
-
14 032
total
-
-
-
17 064
Employee
22 614
-
27 232
-
social contributions
2 266
-
2 268
-
income
2 454
-
3 608
-
total
4 720
-
5 876
-
Employer
22 614
-
27 232
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
4 620
29 500
-
-
income
1 617
10 325
-
-
total
1 617
10 325
-
-
Dividends
3 003
19 175
-
-
social contributions
1 472
2 604
-
-
total
1 472
2 604
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 075
12 929
8 144
17 064
After tax
19 425
16 571
21 356
12 436
Living cost
17 894
17 894
17 894
17 894
Free-cash
1 531
-1 323
3 462
-5 458

Estimated living cost  is ₴17894 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4003
₴3979
₴1226
₴971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
1 841
income
-
-
-
5 532
total
-
-
-
7 373
Employee
24 878
-
26 292
-
pensions
1 899
-
2 069
-
income
4 530
-
4 774
-
health
325
-
354
-
total
6 754
-
7 197
-
Employer
24 878
-
26 292
-
pensions
2 513
-
2 708
-
health
473
-
500
-
total
2 986
-
3 208
-
Corporate
1 636
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.

311
5 605
-
-
total
311
5 605
-
-
Dividends
1 325
23 895
-
-
withholding
99
1 792
-
-
total
99
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 150
7 397
10 405
7 373
After tax
19 350
22 103
19 095
22 127
Living cost
18 124
18 124
18 124
18 124
Free-cash
1 226
3 979
971
4 003

Estimated living cost  is ₴18124 per week

₴12433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8422
-₴9566
₴556
₴3620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 088
health
-
-
-
1 095
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
5 626
total
-
-
-
9 122
Employee
18 808
-
24 506
-
pensions
2 118
-
2 759
-
income
2 580
-
3 365
-
health
2 153
-
2 806
-
total
6 851
-
8 930
-
Employer
18 808
-
24 506
-
pensions
3 058
-
3 985
-
unemployment
461
-
600
-
accident
314
-
409
-
total
3 833
-
4 994
-
Corporate
6 860
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.

6 174
26 550
-
-
total
6 174
26 550
-
-
Dividends
686
2 950
-
-
withholding
130
560
-
-
total
130
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
16 988
27 110
13 924
9 122
After tax
12 512
2 390
15 576
20 378
Living cost
11 956
11 956
11 956
11 956
Free-cash
556
-9 566
3 620
8 422

Estimated living cost  is ₴11956 per week

₴8775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10737
₴18423
₴16028
₴10737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 428
health insurance
-
-
-
2 183
work injury
-
-
-
148
unemployment
-
-
-
354
income
-
-
-
3 998
total
-
-
-
12 111
Employee

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

10 643
-
29 500
-
pensions
1 958
-
5 428
-
health insurance
788
-
2 183
-
unemployment
128
-
354
-
income
1 064
-
3 998
-
work injury
53
-
148
-
total
3 991
-
12 111
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 857
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
18 857
29 500
-
-
withholding
2 829
4 425
-
-
total
2 829
4 425
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 820
4 425
12 111
12 111
After tax
22 680
25 075
17 389
17 389
Living cost
6 652
6 652
6 652
6 652
Free-cash
16 028
18 423
10 737
10 737

Estimated living cost  is ₴6652 per week

₴4121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3736
-₴4099
-₴12040
-₴5373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
197
regional
-
-
-
458
social contributions
-
-
-
7 588
national
-
-
-
5 355
total
-
-
-
13 598
Employee
41 540
-
29 500
-
social contributions
14 007
-
9 948
-
municipal
248
-
176
-
regional
627
-
393
-
national
7 020
-
4 718
-
total
21 902
-
15 235
-
Employer
41 540
-
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
21 902
13 961
15 235
13 598
After tax
7 598
15 539
14 265
15 902
Living cost
19 638
19 638
19 638
19 638
Free-cash
-12 040
-4 099
-5 373
-3 736

Estimated living cost  is ₴19638 per week

₴13795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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